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people think all kinds of weird stuff these days. let the next bitcoin rally start and their thoughts will change too...
if you don't believe me you can check the majority of articles on news sites for the past months when the rally was still ongoing. every article was about how bitcoin is not a bubble and how it is rising and being adopted an will be $10,000 by the end of the year.
now they all change subject!
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steemit is not a valid source! people post there to get paid so they try their best to post something that gets more attention even if it means providing false or exaggerated facts.
besides people who invest in bitcoin aren't really publicly releasing statements about where they got the money from so that we have any statistics whether they are really getting mortgages or not.
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bitcoin price is always "creeping up" that is what makes it a good long term investment. today's bitcoin prices have started up again about $ 3850, what would you do with this?
it depends on who you think you are! if you think yourself just an investors who have invested for long term then why do you even bother with these small fluctuations. you just keep holding what you bought in the dips and if you saw a huge surge you can sell and buy back in the next dip. if you think you are a day trader then it is a very different story. you can take each day's highs to sell some and and buy back in each dip. that doesn't really change when price is $3800 or $380000 the strategy will be the same and profit percentages are usually low even 1% can be an option. |
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it is B (Byte) not kB (kilo Byte) i really doubt you had a transaction as big as 487 kB! that is half a block size... it depends on the "situation"  you should trust Electrum to give you a good estimate. it has been good so far that i am using it. the "situation" is based on the number of unconfirmed translations in the mempool and the fee that others are paying (the competition). when the competition is fierce you need to pay higher amount and if you pay less your priority will be low so your transaction will take a long time to confirm. for example 6 days ago i sent a transaction with 4 satoshi/B fee and it was instantly confirmed (a couple of seconds as 1 block was found immediately after i broadcast the tx). but today mempool i full AKA there is competition so the same amount of fee will be low priority. |
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practically every exchange is working like that!
you "convert" something to something else on their platform. for example you have BTC and want USD, you exchange it for USD and keep it there until you buy back again and have BTC again or anything else you want to do.
when you sign up on an exchange you get "an account" which has all these balances which you use to trade with.
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i believe bitcoin prices will increase to above $5000 end of this year .
and china i don't worry about china's gov , they don't nothing even ban exchange or have bad news.
I do not agree to this because China is certainly a major player in btc market and their decision just not restrict to China itself it has multiples effect on other countries too. Even they would like to consider their decision if some major counties take a negtive stand. So certainly impact will be a long lasting and not for small er period. i disagree. this is not the first country to take a weird stance towards bitcoin. and this is not even the first time that FUD about China banning bitcoin has come out. other countries don't really care about what China does. they make their own decisions. otherwise all other countries would have adopted bitcoin when Japan did! you see it goes both ways. |
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this $4000 that happened about 12 hours ago was a recovery from the huge panic sell that occurred over the past week. now the market is more balanced in my opinion. whether this upward trend can keep up or not remains to be seen but i think it will not be easy at this point. we may see some stability with smaller fluctuations from now on until the next drama.
will it make another low? it may go down but it won't be another low.
but in bitcoin most of the time unexpected things cause unexpected changes. we may see another wave of FUD that causes another drop, or we may see something unexpected and price shoots up. what i said above is my speculation in case nothing unexpected happens.
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this is such a weird article. and the choice of words in it are pretty interesting. it shows the purpose of it which is in fact mostly FUDing bitcoin. words such as "computational wheel spinning operations" and "artificial work" are what stand out to me.
... and they keep bashing bitcoin for years and years to come. but bitcoin is going on strong and disregards all the B.S. of the media. the real panic comes from those who are bashing it.
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The Users!
bitcoin is a decentralized system, it is as powerful as its users. if the users understand the meaning of decentralization and try to keep it that way and educate themselves, nothing can harm bitcoin at all. but in case people stop understanding, trying, educating themselves,... they will kill bitcoin on their own and the enemies don't have to do anything!
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'We' as china.. not 'we' as #bitcoin
actually "We" as in "ViaBTC and bitmain who sells mining equipment" not even Chinese! people can continue to use bitcoin, even miners may be able to continue working fine but big companies that have been selling "cloudmining" aka ViaBTC or mining equipment aka Bitmain will be fucked. |
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How much coins do you use when you trade? All of them?
it depends on how much i own and how much i am willing to risk. for example back when i owned <0.01 BTC obviously i would have invested all. but if you have bigger amounts it is going to be highly risky to invest all you have. just set aside some funds that you feel ok with and start trading with that. How much time is it appropriate to hold a coin?
it depends on the coin. bitcoin is the long term investment of mine that i have been holding for 3+ years and i will continue to hold it. meanwhile i have also done some trading too. altcoins are usually different. they get pumped and the pumps take from a day to a week and you need to find the end of the pump on a case by case basis and sell before it has ended. |
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well you buy as much as you can afford to lose. don't get greedy just because price is lower. sometimes it is good to take a leap of faith and take some big risks but in the end you have to act wisely. taking big risks should mean you have accepted the consequences in case the situation went against your expectations.
in any case, yes i have bought some in that glorious dip like i always do. most of what i have bought so far have been in big dips.
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This is kinda shitty. If they did the same with other commodities, people would have taken to the street. Imagine if someone told you that you not allowed to invest more than $600 in gold, would you have listened to them? Governments should just regulate Bitcoin like any other commodity to be fair to all.  no, it is not about how much you invest in bitcoin and not restrict it at all. you can still invest 10 trillion dollar in it it is mostly about spending bitcoin. for example if you spend $100 to buy something from Amazon with bitcoin right now a good little obedient citizen has to fill the tax report and report that. but with the new bill you won't need to do that and it will be legal. |
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again with this picture! at best we are in the Awareness Phase and in the first "Bear Trap"
and if that is not sufficient then look at the charts and how price changed!
price went from $4979 to $2972 that is $2000 drop or 40%!
if you still think there is a bubble then you don't understand what a bubble means!
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any third party service that offers "accounts" can simply seize those "accounts" if they feel like it and they reserve the right to do so. there is also a long ToS that you need to read and understand and if you break it they can again seize that "account". that is how centralized services have always worked from the beginning of time. if you don't like then, don't use them. by the way the article you shared is a complete FUD from someone who doesn't understand bitcoin. example of idiocy: Coinbase “theft” of Bitcoins demonstrates the extreme risk that comes from holding Bitcoins
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we are very far away from "everyone" to start to get bitcoin, but it has indeed been a great year this year. there has been nonstop talk of bitcoin and the blockchain technology is the talk of them even more but that usually has nothing to do with bitcoin. in any case you sometimes see awesome stuff such as US talking about removing taxes on bitcoin and how their proposal keeps seeing bitcoin as a currency: https://bitcointalk.org/index.php?topic=2185505.0and that is even greater. |
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the news is 10 days old but i have not seen it here so far, so here is goes: finally US is catching up to the world! in Tax Fairness Act of 2017 it proposes that customers do not need to report transactions less than $600 worth. this is great but it is while Japan and Australia have completely removed taxes from any bitcoin transaction no matter the size. #baby_steps “Cryptocurrencies can be used for anything from buying a cup of coffee to paying for a car, to crowdfunding a new startup and more and more consumers are choosing to use this type of payment. To keep up with modern technology, we need to remove outdated restrictions on cryptocurrencies, like Bitcoin, and other methods of digital payment,” said Polis. “By cutting red tape and eliminating onerous reporting requirements, it will allow cryptocurrencies to further benefit consumers and help create good jobs.”
“Individuals all over the world are starting to use cryptocurrencies for small every day transactions, yet here in the States we have fallen behind and make cryptocurrency use more of a challenge than it needs to be,” said Schweikert. “With this simple legislative change, anyone can make digital payments to buy a newspaper or a bike without worrying about tax code challenges.”
“While Bitcoin and other cryptocurrencies are technologically innovative payment methods, today you have to keep track of and report every transaction you make using them, whether it’s a $10,000 investment trade or whether you’re buying a 99¢ song online or a latte at a café. This obviously creates friction and puts cryptocurrencies at a disadvantage relative to other digital payment methods,” said Jerry Brito, Executive Director of cryptocurrency think tank Coin Center. “We applaud Representatives Polis and Schweikert for their leadership in introducing the Cryptocurrency Tax Fairness Act, which would treat cryptocurrencies similarly to how foreign currency is now treated and relieve users from having to keep track of small personal transactions. Not only will this create a level playing field for digital currencies, it will also help unleash innovation on applications like micropayments, which can consist of dozens of transactions per minute and thus are difficult to square with the current law.”
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