2 computers sitting side by side. I sent .02 bitcoin from a 2013 multibit wallet to a Exodus in laptop. 13 days still not Confirmed I can't add money to the fee in 2013 wallet. so fee shows $.81. so network won't send it though. In 13 DAYS it has seen 22 peers. I would pay more fee if I could. 13 Days ! Really! Get your sh** to gather. This will Kill Bitcoin!  actually, you can pay an additional fee. please see here: https://www.viabtc.com/tools/txaccelerator/additionally, there are a few wallets that have the Opt-in Replace-by-fee function. This lets you re-send the same transaction, but with a higher fee. To my knowledge, GreenAddress and Electrum do this only. and finally, if you a re savvy enough you can simply rebroadcast the transaction with a higher fee. This is a full replace-by-fee, and some pools process these transactions with priority (as the fees are usually superior, the user is obviously in a rush). you are essentially double spending, but its ok because no one is getting ripped off. Or, you can always wait LOL. but at this point, the tx might fall out of the mempool; you may have these coins back in your wallet sooner than you know  |
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Guys I know that there are previous posts and polls regarding the highly suggested source of bitcoin but things always change do I want to know what is the current best source of bitcoin nowadays. Please participate on this poll and kindly tell us why that's your choice. Thanks in advance and God bless us more Hilariously, all these ETH token projects are the best source of bitcoin at the moment. you will need to convert to bitcoin after you are rewarded in ETH/ERC20 tokens, but this is a non issue. basically, they are giving a ton of value for these projects, given that each of these is essentially a fundraiser. and since a new ICO pops up like every other day, there is no shortage of work in the sphere. if you are decent at full stack development, graphical design, or customer support, there are hundreds of jobs available as we speak. reach out to a project, you never know what skills they may need! |
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Hey folks,
As we can all see, the BTC gambling sector seems to be doing quite well. For the time being we seem to be operating within a grey zone as crypto currencies are yet to be categorized in the same way as cash.
How long do you think it will be before crypto gambling sites are forced to operate through the same restrictions?
this is on the immediate horizon, in my opinion. most of these casinos are operating in clear violation of aml/kyc regulation. in the way that they have cracked down on ICOs for this, it will be much easier to target casinos when they decide to do so. and they are truly incentivized to follow through with this, because of the nature of the infraction, they can seize all of the casinos funds without notice, both fiat and crypto. while this seems bad mostly for the casino, imagine if your money is in one of the wallets when it gets shut down we have enjoyed a really long period with little to no regulation. those times are starting to pass. plan accordingly, this is a risk in some markets. |
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Most people that investing bitcoin now, are just investing to make money. It annoys the hell out of me. 90% of people haven't read the white paper! Don't even know why decentralisation is a good thing! Don't know why the blockchain is such a revolutionary invention! It annoys me so much! These people just invest because they want to "get rich quick".
And the annoying thing is that if someone had told me about bitcoin 6 years ago, I still would have put all of my money into it. Unfortunately I'm only 16 so I didn't know ANYONE (when I was 9) that would tell me about bitcoin. I only just heard of it 7 months ago and henceforth, have become OBSESSED with crypto. Now I've dropped out of school for crypto and it really does my nut in when all I hear is "Bitcoin to $10K!", "Bitcoin to $20k!".
Deep down I actually hope that the bubble (yes it is a mini-bubble) pops after the Segwit fork and that the price goes back down to $2k. That way all of these stupid investors can suck their thumbs and get taught a lesson. 90% of these people also would have said bitcoin was a scam 9-15 months ago but now look at them. They run around like fucking idiots screaming "BLOCKCHAAINN!!!", "DECENTRALISATIONNNN!!!".
Smh.
Rant over.
to be honest, a lot of us from earlier were here for a cash grab as well, we just had a bit more faith as the price wasnt up up up like this. the issue with the mindset of some of the newer community members is they are primed for uptrend forever; it has not crossed their minds that the price floor could be 20-50% under their purchases price i dont want to see the lil bros get wiped out value wise. like last time, the forum will collectively be sour during a major contraction/downtrend. the cheerleading is what gets to me. its corny, dudes are like "bitcoin is perfect!" or "I always hold bitcoin til I die without spending!". the enthusiasm almost seems unauthentic. bitcoin pisses me off most days LOL, i hate people being blind |
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i have recently done 2 bitcoin transactions and i had to pay in total 52 usd in transaction costs,
how can bitcoin be used if it is more and more undividable, because smaller transactions arent worth it anymore?
introducing new forks and splits like bitcoin cash bitcoin gold decreases the trust and people start consider it a manipulated centralised pyramid system.
if someone buys himself a hamburger with bitcoin, he has to pay more than 14 other hamburgers for miners...
bitcoin becomes a currency for large transactions only (rich people), you could worthily transact the payment of a yacht or a building with bitcoin but not smaller things..
regards
this is a result of the speculation on bitcoin, rather than actual adoption of bitcoin. using bitcoin is one thing. buying bitcoin to flip isnt adoption at all; there is no value introduced to the system through that person's participation (one could argue for liquidity). because we arent using this thing the way it was intended, the fees are out of sync with the value. adoption, to be proportionate with this price needs a much larger network of miners, so the competition drives the fees down. too big for our britches, literally  |
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I just wanted to ease everyone's fears, I will never stop buying Bitcoin. Every paycheck from now until forever, I'll continue buying Bitcoin during the fud, the bank bans the 'North Korea is mining bitcoin' BS. I don't care.
I might just burn it all at some point but I won't stop buying it. It might be the only thing I can do against the 'establishment'. Every time they call it a fraud/bubble etc.. Don't care, I support this honey badger as much as I can and always will.
It's wild but don't forget, Bitcoin is the first thing in human history that you can 100% trust... Not to always go up in value, not to make you a millionaire, it will only do exactly what it says it will do.
but this isnt really strong fiscal strategy, just a lot of enthusiasm. bitcoin is best purchased before now LOL, but if you are going to play in these dangerous waters (we are close to 10k, and the results after that are unpredictable to say the least) then at least try to buy in the dips. everyone must understand, all this happened in a year. which means, very feasibly that it could all go back down in the same timeframe. most likely even faster. just be careful. this trend is not permanent. |
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Nikolai Nikiforov stated: "Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."
The article goes on to say: "However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."Do you think we'll see other countries going down this route? Source: https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/what he meant to say was "we did not find out about bitcoin and take it seriously until China is all in it. it would just be easier to make our own coin, fuck these sanctions" and this is certainly for the best. a little considered vector of regulation is the current mountain of sanctions over Russia, courtesy of the US. If they were heavily involved with crypto, the US gov might restrict domestic users, to ensure that those sanctions arent subverted (bitcoin, with its hard to trace transactions is perfect for this). i have concerns about regulation restricting US participation in Russian ICOs down the road. Russia will have its own coin, and take control of its economy again. And I bet you the US will not take kindly to this attempt, given the current political climate. |
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Which of the Bitcoin wallets between the Online and Offline works best?
they are about the same, if you take the proper security precautions. let us divide this into "hosted wallets" and "non hosted" wallets. wallets arent connected to the internet per se, it is just that the internet is needed to broadcast a transaction. in this instance. since most of us trade at some point, it will be necessary to use a hosted wallet, such as an exchange. use it, and as soon as you are done, get your coins out of there and back to a wallet you have sole control over. |
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A bitcoin wallet is only as secure as the operating system that hosts it.
While the Bitcoin protocol itself may be secure, the wallets and services used to store and exchange Bitcoin may not. this is a caveat of centralization, when funds can get lost due to a single point of failure, the point of failure becomes the "weakest link". and this is malicious activity; im not even going to include all the folks that have lost wallet passwords, sent coins to the wrong address (accidental burn), or simply thrown away/ lost the device containing the wallet.
so in a nutshell, bitcoin is secure as you are.
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Merchants don't care about the fees as you are the one paying it, not the merchants. Most of them have the bitcoins converted automatically to fiats upon receiving it. Those who don't it's because they are themselves bitcoiners
Waiting 30 minutes to confirm a transaction is decent compared with what we have ever seen from time to time. A merchant won't refuse a sale because it's taking 1 hour to confirm.
Bitcoin is not good for making small transactions it's why people buy bitcoins just to store and speculate
thats a bit backwards. "people buy bitcoins just to store and speculate", and this is why "bitcoin is no longer good for making small transactions". we made it like this, or rather, the new guys. |
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Take a look around the crypto community, both in meatspace and online, and it would be fair to say that the majority of participants are male. This is borne out in a recent survey of 2,000 Americans which shed light on the makeup of the bitcoin space, highlighting a stark gender divide. In fact Google Analytics data estimates less than 4% of bitcoin users to be female. The question is, why? Source: https://news.bitcoin.com/why-arent-there-more-women-in-bitcoin/?utm_source=Whyim thinking that while there are more males, the number of females present in the space is under reported. like the coindesk demographic research that shows most bitcoiners are while, young and male. this cant be the case if only you would consider the Chinese bitcoin markets. the media that these surveys are presented in, doesnt seem to be read by the entire community. and there are lots of females on this board, they just dont say anything because we get pretty "bro style" around here. chcek the politics section  |
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i don't believe this speculation about bitcoin are no role in real world, if put on your mind bitcoin helping to people giving hope in the daily routine in lives because bitcoin giving a lot of benefits for the people and helping to economy of every nation accept the bitcoin as currency using the volatile, example the role of bitcoin in world giving decent job for the jobless and if the nation or country are in troubles to provide the great job for his people bitcoin giving this and give good income.
I hear this particular rhetoric alot, but I dont understand it. usually, you arent going to earn enough in bitcoin to make a wage, unless you have a very particular skill. if you live in a place where the income from token bounties/ faucets can make a difference, it seems like the level of adoption would be even lower. bitcoin, in its direct format, may assist with transferring value to the poor, but it offers no solutions as far as ameliorating poverty. poverty is a result of unfair resource allocation; this is the raison de etre for how bitcoin prices itself. final question; for all the value that was gained in bitcoin, has the global economy improved one bit? or for that matter, poverty in general? they dont seem correlated |
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Actually today I watched a video on facebook which is about spending bitcoin and gold in USA,it says it is difficult to spend bitcoin but some places are accepting bitcoins accepting as payment like supermarket,restaurants and some institutions.But no one accepting gold as payment then why still people says gold is better?
This is partially true. despite what you may of heard, there is not a serious solution for spending bitcoin in the States, without going into fiat, or buying a giftcard. since the extra step to convert through fiat is necessary, you can liquidate gold in as many steps. there are plenty of places where you can sell gold directly for cash near spot price; you can even mail gold in to foundries; they will send you a check in the mail the next day (you have to send the gold insured) and gold doesnt have fees |
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Pretty much all coins have been on the rise in the past 24 hours. I think the recent news that talk about various governments wanting to legalize cryptocurrencies is increasing people's confidence in the currency and leading to the surge in the price.
and this is whats off about the current 2017 price scenario. its lke someone wants 10k USD bitcoin for Christmas because historically, bitcoin markets used to react bearish/negatively to news on regulation. remember how eth and bitcoin performed recently, during the Chinese rumors. eth has a legitimate reason to surge imo. its premature, but staking coming to ETH is a huge incentive to buy. bitcoin just got past all the fork nonsense; i dont see any developments in the protocol that would affect the price like this. this is folks speculating all the way to 10K; where we end up after that is going to be anyones guess. |
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noone really fell for this shit in the first place. why would satoshi reveal himself, and like that, after playing it cool for so long? what i never got about this dude, is how he thought he was going to get away with this. clearly, if you cant move satoshis coins, you arent satoshi. so if he knew he couldnt access the wallets, why even open his mouth in the first place? account access wasnt going to be enough, the burden of proof would have been something the real satoshi would have provided for, knowing the nature of his creation (psuedoanonomous). satoshi has no incentive to reveal himself, practically. so we wont see him. maybe his kid might say something down the line, but im doubting every person that makes this claim. it simply doesnt make sense to do so. i also dont get why this guy, who was respected before all that, would throw away his reputation behind this. greed/seeking fame makes people do some silly shit. |
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Which is more profitable, trading in Bitcoin/Altcoins or trading in stock market?? I have some bitter experience trading in stock market, and I am some what new to this Crypto trading, so please share your thoughts.  dude, hands down the alt/bitcoin markets are the most profitable thing to trade since penny stocks (if you want a bitcoin like trading experience with a real stock, try penny offerings, by the way). the volatility is off the chain; accounts barely give a few percent nowadays as a function of interest. alts can more 100% in an hours, even bitcoin can start moving and shaking once the news gets hot. this is some of why wall street is sour lemons about bitcoin (Jamie Dimon and company). it has to suck a bit to see novice traders outperforming senior, I actually went to school for this fund managers. so hence the hate. what I want to know is, how the guys that put down the briefcase and came to the cryptosphere did. even though traditional metrics dont work as well here (ta for example), that experience has to translate to superior profits. even with a conservative strategy, the swings are so wild that you would still make a killing compared to a traditional asset. |
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i would claim this for the erc20 token offerings that are securities, but not for bitcoin, specifically. bitcoin, being decentralized, is literally the opposite of what we traditionally call a "stock". its an asset, and a growth asset to boot. but stock represent singular entities, the corp that issues it. bitcoin is a consensus; bitcoin price simply reflects what we collectively want it to be. some of the alts that are securities might fit this bill. even some of the better, more useful tokens. but bitcoin, specifically, has to sit this designation out. Its Brian Armstrong, so I will give him a pass but this statement bears a bit more consideration, imo. at least he isnt a wallstreet bald head calling bitcoin a fraud |
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For me, it isn't. We have different talent and knowledge on how we give and do stuff that we love. Bitcoins are for everyone and we have the chance to try or even have this to earn and save money for our future.
How about you guys? Is it only for the educated and knowledgeable people only?
bitcoin is for anyone that can understand and utilize it. while i will say societal factors will steer this towards rich folks/the elite/ people with a 1st world experience and education, this certainly doesnt have to be the case. bitcoin is a technology; any one can adopt a technology as long as they have the tools to engage. for bitcoin, thats as low a bar as having a middle level smartphone, or access to a computer with an internet connection and a browser. bt since it is so much easier to become acquainted with computers in more affluent societies, obviously, bitcoin users will be disproportionately represented from this particular demographic. some people dont even have electricity. thats a serious fucking barrier to entry |
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While Bitc0in investing can be intimidating for those just getting their feet wet, there are several tips that newcomers can use to maximize their chances of success.
By following the top five tips listed below, investors can boost their chances of meeting their goals.
1. Do Your Homework if you mean diligence then yes, but for bitcoin that is simply being aware of events, the current state of the protocol and the current price level. bitcoin has been around long enough that people dont question the essential nature of it, like gold. you might do research on the market history of gold, but not the actual history of it. 2. Proceed With Caution fuck that. balls out over the cliff. 3. Diversify Effectively indeed, and this means given the volatility you should try cryptos OTHER than bitcoin. the alts are great for this; while the market does generally tend to slump as one, there are times when the alts break out, as bitcoin stagnate. also look at assets pegged to a static usd value (nubits, tether, and digital gold that you can buy with crypto) 4. Keep Your Coins In Wallets where else would you propose keeping them?  but yes, keep your coins in your OWN wallet is sound advice. dont trust exchanges, its not them, its their security. even if they mean well, if they get hacked your coins are still gone. and use hardware wallets if you can. 5. Prepare For Volatility if you arent ready for volatility with bitcoin, i suggest you close your laptop and toss it out of the window. duh its volatile. but more importantly, one should be prepared for prolonged movements in one direction. a bear or a bull run can hurt you, if you werent positioned right for it. |
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The price of bitcoin is of course outdated, but the number of bitcoins in circulation at the moment true. Maybe statistics with the accounts correct. a lot of people when they hear about bitcoin want to try your hand. They somehow think that bitcoin is easy to earn. But when they encounter problems, they leave and it is probably for this reason, a lot of abandoned accounts.
the circulation statistics arent necessarily indicative of adoption. exchanges generate new addresses all the time, activity on an address doesnt mean you are dealing with an active user. also, whenever someone uses an off chain settlement scheme that involves bitcoin, only one wallet is required to manage multiple users. but as quoted, the majority of wallets that have had activity most likely are the secondary wallets of folks. ive generated so many addresses over the course of this, if someone looked at my wallet they would swear I was a small group of actors, not a single person. if only 5 percent of folks have heard about bitcoin, it is a pretty small subset of that that actually uses it regularly (an adopter). |
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