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Edited post = he will never cough up. He always struck me as a bit of a maggot anyway.
I'm not sure why Bitstamp is the reference but that'll do me. These averaging places all use different measures so there's no consistency. Others are low volume like Gemini or use USDT.
I guess Coinbase is the next one.
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LOL, 1 sat/B? what were you thinking  I've seen that quoted as an acceptable figure a few times in the last few weeks. Things change fast though and before you've sent it the cost can rise big time. My 8sat/byte tx had that. That was fine when checking. Immediately after I sent it the average had gone up to 40/50. |
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I never had the experience to get my coins back to my address. I hope someday I will experience this. Maybe this transaction of 1 sat/B that I made earlier today.
I don't remember anyone reporting it here but it must've happened a few times. Maybe there are some zero fee throwbacks who've had it occur to them. I think that's officially sneered at these days. |
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It's not lost.
The worst case scenario is that it'll never be processed by miners and will return to your wallet after a few days. It's much more likely that between now and then there'll be low activity moments where it will be processed.
I had a similar thing a few days ago at 8 satoshis per byte. It was accepted after 3-4 days.
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Do not expect that just because you stay below a limit they won't hit you with KYC. It's entirely their call. I see lots of whining from people being frozen who said they were below the limits.
If somewhere had this KYC/ non KYC hybrid I wouldn't bother without doing verification. Preempting it is a whole lot less ball ache than having it hit you out of nowhere.
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I am of the opinion that if I don't need something, I'm not selling/spending bitcoin on it. (I try not to buy it anyway). I'm inclined to let the bitcoin ride right now given that the future (still) looks bright. Another order of magnitude or two and I might sell some small percent and invest them in something else from a diversification standpoint. Geographic diversification and political system diversification are important. Right now bitcoin is providing a lot of that since our geographic diversification is still somewhat limited, but with bitcoin being so portable, it is an escape hatch if ever needed. Definitely not on "rubbish"  though. My guide is - if it makes my life better and spending it isn't going to haunt me then why not? When you only buy things that improve your life that immediately removes most purchases from consideration. I'm going to be a purple gaseous corpsebag soon no matter what. No doubt what I spend will be worth vastly more in future and at these price levels that's fine for minor buys. It would be a bit different if I'd spent 60 BTC on a bunch of computer games back in the day. I'm at the point where I don't have a great deal of fiat in comparison anyway. |
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In this day and age a service can't offer this without some form of approval from someone. Find out who's regulating them and make some noise. They don't have a leg to stand on. You can't steal and hide behind your terms and conditions.
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What sort of friend recommended such a stunningly stupid choice? They are saying it's good to be in an exchange in case it's hacked? If it was in your own wallet you wouldn't have this possibility.
There are many piece of shit exchanges that wouldn't survive a major hack. And some larger ones too.
You also have a much more likely event of you being hacked and someone accessing and emptying your exchange account. You get nothing from any of them in that situation.
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I would certainly be tempted to splash out on some rubbish when the time comes. Probably won't. The Bitcoin specific marketplaces though always have an extremely ragged selection of crap and a lot of the time they add a shit ton to a price just because it's Bitcoin so they think you'll be grateful to be paying with it.
The future will be what this bloke is doing - facilitating conventional sales.
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You mean someone who will actively manage a cryptocurrency portfolio?
There have been a few high profile and legitimate attempts from traditional finance. If I remember rightly their performance was mediocre and they did worse than if you just sat, did nothing and waited for a better price yourself.
If they're not from somewhere with many years of track record in normal markets they are almost guaranteed to be either a moron or a scammer. Either way you will lose your money.
If I were you I would forget about it and hold.
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were already dumped on the market
I think we would likely have noticed that. What would've happened is Binance and friends having OTC buyers immediately ready to buy a million miles away from the market. They don't hang around. I hope the morons who fell for it get some money back and learn something. |
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Looking for this reply, because I want someone that thinks about the same problem that I saw about this dilemma. I do not have that much knowledge about property laws but I think that cryptocurrency is not covered in those laws, I think that fiat is the most viable method because you will be taxed for the property. You can exchange your crypto to fiat if you want because right now, there isn't a lot of real estate that have a mode of payment that is crypto friendly which they have no control of because the government has to back it up too.
You can pay for a house with amputated limbs if the seller will accept them. It's entirely between you and them. The form of payment is none of the government's business. The taxman would still try to find a way to tax your amputated limbs somehow. They don't like barter very much. Crypto is defined enough in most places for it never to get away with that. Most places will still have a transaction tax of some sort which is a separate payment between you and the government. |
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Like franky1's gaslight attempts? NEVER!  It's remarkable how much more longevity and 'respect' you get simply by not being moronic or abusive, or rather overtly. For some reason that sows enough doubt for people to take them seriously who otherwise wouldn't. 'Well, he uses complete sentences and sometimes they're very long. Maybe... he has a point. He must have one in there somewhere, right?.' |
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Two things to watch out for in bitcoin the price goes up & down, if it goes up it doesn't matter all your dreams are achieved, on the contrary, you will cry.
Sheesh. Think positive. Anyway OP may well be in a similar situation to people who have been around for a while. They have enough, and have had enough, to do something like this in a dull market. Some will have still had enough for a big purchase when it was at the absolute bottom. Obviously it's better for them if it's exploding. |
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Is it allowed to use Wirex virtual/plastic cards to deposit to Bet365/other bookmakers AND receive money back on it?
After how much transactions do they start to "investigate"?
Well the bloke above was talking about it but it's prohibited in their terms and conditions - https://wirexapp.com/terms-and-conditionsHave a look down the bottom. Bit silly as it's perfectly fine with normal cards in many countries Wirex cover. |
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The exchanges are the FIAT gates and whoever controls those gates also controls crypto.
For now, yes. In future it's possible enough people will largely detach themselves from the fiat system. I myself would much rather work for and pay out in BTC and never head back to fiat. I've rarely heard governments voice the possibility of a closed loop economy and that's for the best. If they started attempting to stick their sausage fingers in that it would be unspeakably crude and totally unworkable. There will be a degree of transition. I hope it goes far enough while it's still under the radar. |
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Start off in Goods. If it does bother a mod then they'll move it. No harm done and there's no time to waste.
I've no idea what your uptake would be here. It's not exactly a centre of conventional commerce but, hey, it's free.
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Well, if it's true it'll be the first time Russia - Useful - Bitcoin have been put together in the same sentence. Their government has been a fooking joke throughout with threats one day and then lunch with Vitalik the next.
The only way it could be relevant is if Russia had the Satoshi stash but since I've yet to see anyone or anything linked to that stash I'm not going to scream myself to sleep. Ultimately it wouldn't matter if it had been created by Saddam, Pamela Anderson and Henry Kissinger together on a beach break. We're in charge now.
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