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I really doubt whether the American government will allow anything like this. Synthetic opioid drugs are among the top revenue earners for most of the pharma companies in the United States. If opium is allowed, the sales of these drugs are going to get affected, and the pharma cartel is not going to let that happen.
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So you paid $60 for a transaction, which was worth $5,000. That means that you paid a fee of around 1.2% of the total value. If I was in your place, I wouldn't complain. Because other options such as PayPal and WU charge much more than 1.2%. Still, what bothers me is the progressive increase in the fee during the last 2-3 months.
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Right now, I am using a number of different wallets, including web wallets, exchange wallets, paper wallets, and Lightweight Wallets (Mobile). But almost all of my coins are stored in paper wallets. I want to purchase a Trezor wallet, but right now I can't afford one.
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I prefer BTC-e and Bitstamp. The former is one of the most reliable exchanges, and if I am not wrong they have never been hacked. They have been operating ever since 2011. Bitstamp is based in the EU (Luxembourg to be precise), and unlike BTC-e, we know a lot of details about their owners and the business model.
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Will i think bitcoin performs better than western union in terms of fees bitcoin is lesser, Somehow western union bacame a traditional payment method of many people specially overseas workers.
Fee calculation is a bit difficult and complex with Bitcoins. First you need to pay the transaction fee, while sending Bitcoins from one wallet to another. On top of that, you need to pay commissions and currency conversion charges when you sell your BTC for fiat. |
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I would like to join this campaign.
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Lol, ikr ! Western Union fee is really ridiculous, so damn high. The last time i use Western Union, the fee is really pain. That's why i stop using wester union and i rather use bitcoin than western union. Easy to use, low fee and fast to receive are the reason why i pick bitcoin.
There are several reasons why people continue to use the Western Union, despite their sky high fee. They have a very good reputation, and the legality of the transaction is never under doubt. But if you make a transaction using Localbitcoins, there is a small chance of getting conned. Also, sometimes the tax authorities can show up and ask the source of the bank deposit. |
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Openbazaar has been a big disappointment till now. I first heard about this venture many years back, and even now they don't have anything solid to put up. How many listings do they have right now? I bet that the number is less than 10,000.
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Litecoin in a short has gained a increased users as well investors into it just because of the price moves happening without much drops. Bitcoin has gained the trust than most other digital currency that it will regain the lost value in a short. It's good to invest into bitcoin in a higher Volume than into litecoin.
Litecon has lost its dominance among the altcoins. A part of their market share has been eaten up by the newer altcoins such as Ethereum, Ripple, and even Nemcoin and Dash. Also, earlier there were a number of online retailers accepting LTC. This number has also come down. |
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You are 100% right, and I have bought lots of litecoins @ $2, If I sell today, more than 200% profit
First you made three nice investment, dollar to real is now 1 dollar=3 real, if im not wrong, soo you got 20% just from those, backing to 2015 i believe bitcoin price were 300-400 dollars on those period, another amazing investment, ltc i dont remember at all, but im pretty sure you had roi multiple times with your risky investment, something you would have if you had the money in the bank neither rent your house, congratulations.
I believe even with good result from your investment if you had wait a bit more you could had made several much more, 2014 price were above 600 dollars i joined in the end of 2015 i know price were up and down.
Perhaps you should do some profit booking now? Litecoin prices can't be trusted. The exchange rate fluctuations are similar to those with the other crypto-currencies. It can drop by 80% in a matter of few days. It might be a better idea to convert at least a small part of your holdings to BTC or fiat. |
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several month ago with only 70 satoshi/kb my transactions was confirmed only few hours but today is different that we have to set the higher fees to reach fast confirmations and today i decide to added more fees at least to 280 satoshi/kb because it necessary to get fast confirmations
Two days back, my transactions also got confirmed very quickly, although I paid a fee far lower than what was suggested by bitcoinfees.21.co. If I remember it correctly, I paid around 100 Sat/byte. The online calculator was suggesting somewhere around 260 Sat/byte. That said, it is now getting very difficult to do small-value transactions. I paid BTC0.0002 fee for transferring BTC0.001 from one of my wallets. That corresponds to close to 20% fee. |
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Please review my application.
Username: Netnox
Post Count: 1965
BTC Address: 1DWykmv7uLRSjDH9XMg63YJB643DENGo3Z
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Already payment options such as PayPal, VISA/MASTER, and Skrill has replaced some of the functions of the fiat money. So it is not too far fetched to assume that Bitcoin will also replace a few of its functions in the near future.
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Hi.... Please consider my application to join this campaign.
User: Netnox
Postion to Apply: Legendary
Posts Start: 1964
Address: 1DWykmv7uLRSjDH9XMg63YJB643DENGo3Z
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Once Bitcoin gets bigger blocks and segwit is history the altcoin bubble is going to crash so hard  How is it going to get bigger blocks, when there is no consensus? I don't care much about SegWit and BU. But this situation can't go on like this. A lot of harm has been done already and the altcoin users are making the maximum use out of it. |
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Gold is currently having a market cap of close to $6 trillion, and is regulated in almost all of the nations. For Bitcoin to achieve something like that, it will take ages. I just hope that by then it will not be replaced by some other alternative.
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During the past one month period, the exchange rates have doubled from $1,050 to $2,050. So I will not be very surprised if it touches the $4,000 per coin mark by the end of this year. The ETF listing can be the trigger (I am still hopeful about it).
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First we need to remember that during the last 30 days, the prices have increased by almost 100%. So a correction is due very shortly. I am expecting this and therefore will hold on to my coins if a crash happens.
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LOL... it came down pretty fast as well. Zoomed from $2,000 to $2,100 in one hour. And after that it came down to $2,000 in the next one hour period. A lot of profit booking seems to be going on.
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no no no no no i myself do not use the evil web only reputable shop in netherlands
Yes, why do people always use the good thing into bad. Ill also do it because all of the bitcoin that have im going to spend it with for purpose and not in a bad thing like drugs. I think it will not good if bitcoin can buy it. No need to blame Bitcoin for drug purchases. As far as I know, most of the drug purchases are done using physical cash. Also, a lot of darkmarkets selling drugs for Bitcoin has closed down recently. |
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