Iota was the first altcoin I ever bought. The technology seemed like a huge leap forward and I believed it would be the future beyond blockchain technology. I was new and hyped at getting in on it and ended up buying a crapload when it was around 90 cents...needless to say, I feel pretty dumb now.
But more than the price, the IOTA project just seems plagued with problems and no development. It's still only on just two exchanges, their seems to be perpetual problems with the wallet, and it's ultimate goal, becoming the currency for the internet of things is like a far flung dream at this point.
I might just need patience, but I'm starting to think that I should dump it all for a loss and move that money into something that has a workable product and platform, a team that is delivering on their promises.
I think that price could potentially go down even more right now, before a pump takes care of the price and brings it up. The thing is that their client is probably one of the most buggy things that i've personally ever used(attaching to tangle just doesn't work and lags my computer so much). Their idea is good but practicality is probably lacking a bit. I'd say dump half and wait for a few months and dump the rest if you really don't believe in its technology. |
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Bitcoin fees are a little too high, don't you think? I have a few questions and would like to hear your opinions (See Below). Thank you for you time!  1) On average, how much are you paying for BTC transaction fees? a. Do you increase the fee as transaction size increases? b. Which wallets are you sending from and how long does the transaction take? 2) Let's say you are sending 1 BTC, how much would you pay for the fee? 3) Let's say you are sending 0.01 BTC, how much would you pay for the fee? 1. I'd say right now, probably around 0.0003 BTC per transaction. I use electrum which automatically adjusts my fee level with the amount of inputs and outputs involved with the transaction(that increase the size of the tx). 2 and 3. Bitcoin fees have nothing to do with value of transaction but everything to do with the size it takes up in the blockchain. If you're asking for how much i'd be willing to pay, however, i would be prepared to pay around .05% of a transaction worth 1 BTC. |
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I've only seen people use Wirex to withdraw money from paypal and be able to convert it into bitcoin once again all in one place. However there are 2 downfalls. one is that you have to get verified, and two is that they are stopping all services for EU members in terms of VCC in a few weeks time.
You might as well get a VBA from some country in Europe, if you want this.
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DO NOT BUY FROM THEM!
THEY ARE SCAMMERS! DO NOT PREORDER THE ANTMINER D3 FROM THEM! or THE ANTMINER S9 or L3!!
THEY WILL STEAL YOUR MONEY.
Not surprising tbh considering they have not spent any time on advertising and nobody even knows them. Only recently did the site pop up and as soon as it did people are starting to doubt that it is a scam. There semes to be a trend recently of scammers opening websites selling miner equipment. I would suggest staying away from any resellers that are not official. |
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Eager to know, would be appreciated if someone share his idea.
thanks!
Gambling websites usually mix inputs which means that your deposit address will be used to pay someone else's withdrawal - and when the coin is spent with an address that is known to be owned by a gambling site, that address is also labelled as belonging to whatever site it may be. This is essentially how coinbase knows that you're sending to a gambling site, probably through the help of services such as walletexplorer. They are known to freeze accounts that have connections to gambling, so if you are a gambler don't use them. |
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I am pretty new to bitcoin and have basically been using faucet sites to get started.
I know faucets are slow and labourious but at least they are giving me an insite into how bitcoin works
Cloud mining is something that i am seeing advertised a lot.
People will say it is a scam
Some people will say it is not a scam I know that
I would just like everyones opinion on it if that is ok
So is cloud mining a scam yes or no
Reasons why appreciated
Many Thanks
There are legit cloud mining sites like Genesis mining. But most of the schemes you see that advertise fixed returns are most likely to be scams and i would avoid them at all costs if that is possible since you never know when they are going to scam you. Even with legit services such as genesis mining, you could not even make your initial investment back. Only invest what you can afford to lose. |
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I'd say that price will probably skyrocket before a dump.
Probably we're going to see incoming an all time high once again, to the tune of $5500-$6000. However after that the price could plummet to around $3500-4000 just because of natural market fluctuation and people panic dumping when the candles stay red for a few days.
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My journey started on Sep 21, from Boston to NYC, flight to Egypt then Turkey, back to Boston! Carrying $100 just in case and 3 bitcoins in my wallet! Fuck If I will ever carry credit card, or cash any more: 1- I used Localbitcoins for cash! Search for best local currency rate! 2- How much I save from credit card fees and Fiat exchanges: $305.
3- Is it save to deal with Localbitcoins in person overseas? Yes, so amazing nice guys, you are making friends You should try it! & $100 stayed with me! and I spent less than 1.9 btc in both countries!!! Well, it's nice to hear that. Bitcoin has grown so much from 2012-2013 when people were first amazed that they could even convert bitcoin into real cash. Now, with localbitcoins, paxful, bisq and many others you are able to travel anywhere in the world and get their local currency with bitcoin, without having to resort to high forex conversion spreads that you have otherwise gotten. Good job, and hope you enjoyed the trip |
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I am wondering if anyone has bought any equipment from them. I bought some D3s October batch and am having some doubts about their website.
If you have come across them before, please let me know your experience. BTW, I already opened up a dispute with Paypal just in case that they are not legit. I want the miners but protecting my money is my number #1 priority.
I haven't used them mainly i have not heard of them at all since they haven't got anything on the forum and pretty much no advertising. Searching them up, there are no vouches or reviews. How did you even come across them? Since they accept PayPal, there is probably less of a chance they would scam you since you can chargeback. I would definitely recommend opening a dispute if you don't receive what you asked for. But opening it now is probably unnecessary and could complicate things since they could claim that you opened a dispute, and that's why they didn't dispatch the goods etc. |
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Can not imagine. How will they do a refund? Btc price fluctuates every second. They can not pay you the same amount of btc back 20 days later. If you pay 1 btc and get 0,89 back then you'll become pissed, even if it is the same value you paid.
If you pay 1 btc you get 1 back, no matter the fluctuation. They will introduce btc payments only on selected items in the beginning. This could potentially be a problem. I would imagine that amazon would probably use something like Bitpay as a payment gateway to convert their bitcoin as soon as they receive it or at least until bitcoin becomes stable enough for them to deal entirely in bitcoin without fiat. This news is unconfirmed and should be taken with a grain of salt. However if true, it'll boost bitcoin price for sure. |
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If you pay via an on chain transaction then only your address and its transactions will be seen, but that doesn't even matter since the address that sent the bitcoin belongs to coinbase and isn't your deposit address. No personal info is otherwise shared.
However, if it's off-chain using coinbase, then potentially the merchant can see your full name, email, etc. But since it's fake, it doesn't matter anyways. Just be careful since coinbase has the right to terminate your account at any time since you're using an alias and not your real info.
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China banned the bitcoin but it does not affect the pricing it experience in the past weeks, the fluctuations is just a normal activity for bitcoin, it drops then suddenly pump besides there's so many people using bitcoin and I don't think majority of them is in China. Maybe China will realize bitcoin is good after the pump that is happening now and may stop banning bitcoin.
China did not ban bitcoin... Why does everything think that bitcoin is banned in China, and when bitcoin is banned by just one country that bitcoin has no future? It doesn't make any sense at all to me. Bitcoin is decentralized, it can operate without governments. It has affected price, but i think its effects are wearing off. Bitcoin is going bullish once again. |
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haha, i didn't even know it is still active. i think the website domain was down for a long time. now that i have re-visited the website it seems like the old database is working too! i still have my account from 2014 which is 3 years of accumulating rewards  here is my current balances: and note that the bitcoin balance is my own deposit ( 0.00026598BTC deposited)  It's one of these sites that we all joined when we were young and brash in regards with our crypto careers. I have a similar sort of thing going on as you, the only coin that i can withdraw is Fedoracoin which if you look up is literally worthless and isn't listed on any big exchanges. So yeah, unless you can refer thousands of users you shouldn't even bother signing up there. For me, it's 3 years of waiting for less than a buck that i can't even withdraw since it doesn't even cover tx fees. I thought the site was dead since it stopped giving me email notifications. |
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Hi,
I am new to this and have a fundamental question: Why do ICOs ask us to send ETH using myetherwallet?
Why can't I send them directly from kraken.com?
Thanks in advance
Because when the exchange sends the ETH you never know what address they are going to send from. You get tokens when the ICOs end to the address which sent the actual ETH, so sending via an exchange just doesn't work. Therefore, they tell you to use myetherwallet, which supports most ERC20 tokens. It's like why you don't send from an exchange when doing on-chain betting. |
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We all know the advantages of BTC, but what are some of the disadvantages??
Well one that i can think of is that it is still not perfectly anonymous. Personally i'd like to see bitcoin evolve into the future into something like XMR with essentially in built coin mixing. This is probably not necessary but rather an add on. Another thing is that, fees are often high. Also, blocks are 10 minutes on average in between so that means you're probably not going to be able to get stuff irl instantaneously without the merchant having to trust you. |
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I'd expect the Segwit2x fork to probably cause a little bit of panic just before it happens to drive the price down. But right now, things are looking rather bullish and people are buying into coins every single day.
Would not be surprised at all if this trend continued to be like this, at least until a week or two before the scheduled date for the fork.
I defintiely think that a new all time high is going to be set. How high is it i don't know, but should be around $5000-5500.
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It doesn't really make sense to me why they would want to ban ICOs or bitcoin exchanges. I mean it has nothing to do with its upcoming party convention whatsoever. I feel like this is probably going to be an indefinite ban. However, if it was temporary, and when it is lifted, then price will defintiely go straight up. There is no doubt about it. People are already extremely bullish now, they'll even be more bullish when that happens. |
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What are your thoughts guys or is it worth to hold Btc for 5 years.
5 years is a really long time in the cryptocurrency world. Bitcoin has only existed for around 8 to 9 years in total, and we have already seen exponential growth since the day the idea of bitcoin was incepted. Personally i think that the next 5 years are going to be the years just before mainstream adoption starts to catch up. We can definitely expect a lot of growth in terms of price, as well as growth in adopters. However, we still need a decade or so before mass adoption can happen. |
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Then there will be a big LAN in Asia without physical connections to the outside Internet, Resulting in another small Internet emerging.
And we know there are large harshpowers in China.
Then what will happen to Bitcoin?
Will there be two Bitcoin systems co-existing?
I'm sure that there will be plenty of ways to get around this. It would be pretty easy for people to still operate a bitcoin wallet with SMS commands still, even if all else fails. This is proven to work even in remote areas. Bitcoin is extremely versatile. Why would the government even do this, just to ban bitcoin? It is completely unfeasible for them, and it'll probably spark public outrage. |
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https://news.bitcoin.com/virtual-currencies-expected-to-regulated-in-china-on-october-1st/If this is true (laught at Sep 31), might boost bitcoin, thus all the crypto, mainly NEO/GAS, which is about to get eth-like rise soon with the first ICO on NEO platform on Oct 8 and possibly becoming the only platform for ICOs in China with the support of China. NEO is currently a technically better platform than Ethereum and with a great community and developers. It's good to hear that someone is saying that the Chinese government isn't actually anti-bitcoin but rather just the surge of small exchanges prompting them to shut down exchanges. However, it does seem a bit like a cover up story. I don't think that this new "regulation" news is going to affect bitcoin prices much. For me, price is going to go up to at least $4500 and establish a floor there by the end of the month. this trend shouldn't be interrupted regardless of new regulations imo. |
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