if your fear is about bitcoin price and possibility of it going down then your only choice is to go back to fiat because history has proven that if bitcoin price goes down, altcoins will get dumped much harder.
however whether or not bitcoin price is going to fall remains to be seen.
That means that people have no faith in the companies behind those altcoins. Or, am I looking it the wrong way? that is the general idea, yes.
|
|
|
big whoop. VISA is too late to the game. all the rest of the world have been working on building their own version of blockchain based on the existing cryptocurrencies and now they come in and don't want to fall behind.
in a couple of years all these monetary systems will have a version of blockchain closed sourced and private in order to make all their businesses faster and more secure.
|
|
|
haha, i did not know what a "capsule hotel" is. and i have to say it is a funny and also brilliant idea. and also a little bit weird, specially if you are claustrophobic! here is a scary picture the cubes are roughly 2 by 1 by 1.25 m (6 ft 7 in by 3 ft 3 in by 4 ft 1 in): https://en.wikipedia.org/wiki/Capsule_hotel
|
|
|
if your fear is about bitcoin price and possibility of it going down then your only choice is to go back to fiat because history has proven that if bitcoin price goes down, altcoins will get dumped much harder.
however whether or not bitcoin price is going to fall remains to be seen.
|
|
|
you are already doing the first step correctly. to start small. also you did the second step correct or accidentally and that is buying in a dip.
as you can see from my name i am a hodler. i am hodling bitcoin and will continue to do so because it is a very profitable investment and has a good future. at least it has a pretty good chance of growing.
to grow your money meaning to turn that $100 to $200 and then $1000 and so on. you need to have patience. don't fall for the hype. make good decisions and that means each trade you make you have to have a good reason for making it not just based on your emotions. try to find out what makes the prices go up and what makes them come down.
after you buy an altcoin then start thinking about when you should sell it. if your decision is after 5% then make sure you do that when it is reached. if is 100% then make sure to do that. also having a stop loss is a very good feature that can save your ass.
and finally the same as second step, buy in the dip and never buy on top. specially in an altcoin that is in a bubble.
|
|
|
It's probably some large investors taking profit! They dump at a high price
But as the value goes down, if they wanted they can just buy it back
So definitely not an idiot
with your description then it was an idiot! because some large investors know very well not to dump and crash the price, they will dump in a way that nobody even notices and usually they place sell orders so that you buy from them. so only an idiot large investor dumps like this. what happened is the result of all the investors cashing out. there are a lot of things against ether right now which causes this mass exit. the most important one is the upcoming ICO cash outs. then there was the failure that happened yesterday in ethereum. on top of all that there is the switch to POS and the difficulty bomb which will kill ethereum mining and lead to all of the miners leaving it.
|
|
|
Vitalik's twitter is a complete joke. you can actually read it and have a good laugh. specially the old ones. i remember a couple of weeks ago someone posted an old tweet from him that was attacking bitcoin and calling its $0.5-1 fee of that time "absurd" and it took only 2 months for ether fees to reach that amount and don't even compare him with Charlie Lee, LTC is a legit crypto currency. it may not be the best at many things but it is pretty damn good and they are working very hard to improve it. meanwhile Vitalik is looking for ways of spending his free money.
|
|
|
bitcoin is stable in chaos! the fluctuation that you see is only in price and always lasts a short time before it is stable again. if you look at the charts you can see this happening all the time.
also this is the part and parcel of a new technology which is constantly growing and being adopted. new money comes in, price goes up. people panic price drops.
and also it is mostly because the market is very small. if you look at the orderbooks they seem big at first but compared to the total volume that goes in and out they can change easily and large. hence the big fluctuations.
|
|
|
trust is earned not given.
if you want anyone to even take you seriously you need to first prove what you claim. simply saying i am such and such and i did such and such is empty words. feel free to start a new topic, share some of the knowledge you claim to have acquired in 7 years, share some future trades and if you were any good, you will find people willing to pay. otherwise you are a random guy on the internet making empty claims because we don't know you!
|
|
|
if i were you i would have probably removed RDD from my list (unless you are staking it) and put it all in LTC, the others lookg good enough to keep.
also in the following days i would make sure to buy ETH since it is having a huge dump and in cases like this there is always a little come back as soon as the bottom is reached. and while this is a high risk strategy but a quick and decent amount of profit is guaranteed. just make sure to sell after your bought. don't buy and hold in times like this when prices are dropping hard.
|
|
|
According to the following chart, ETH did 226,786 transactions in the last 24 hours. That is lower than bitcoin's 276,636 https://bitinfocharts.com/comparison/ethereum-transactions.htmlIt is NOT good news for Ether if they're getting congested at the same level when bitcoin did. It means they can't scale either, so the search goes on for a coin that can handle volume. that is not even the worse part! the transaction fees which Vitalik was so proud of not so long ago are currently above $1.3 on average. and ethereum was supposed to be cheap! and it doesn't have a block size problem like bitcoin.
|
|
|
As far my knowledge there is lots of sites are getting business because of bitcoin like faucets ,PTC , and games which will be having huge payout of small micro earnings to the customer.Is these websites and apps affected because of high transaction charges??
sadly this is true, and i hope things change in the future. but all of these micro earning sites can still function with some workarounds. for example the a-ads, which is a banner advertising network used to pay each 0.0001 BTC but now they are paying each 0.001 BTC and it can simply be more. when the earning accumulates to a decent high amount and also paying in bulk, meaning paying 100 users at the same time in one transaction always helps too.
|
|
|
... I've already sent out an email to the LB staff regarding this matter. Figured I'd make this thread to see if anyone else had noticed it as well or perhaps was a bit more informed than I. I'll eagerly await the reply from LB and will share it here once I've received it. Seems very likely that they've changed their fee structure though.
yeah that is the likely assumption. specially after that quote above and also the fact that literary all other exchanges have increased their fees. although i have to admit adding "deposit fee" is very weird!
|
|
|
1. If I own ETH tokens I own shares to Ethereum Project too?
2. Big companies like Microsoft are using Ethereum technology, but are they using ETH currency or are they using their own currency?
3. Are there any stores that accept ETH as payment method?
1. ETH is a token that has value if you own the token you own a token! and if the price goes up you make profit and if it drops you lose money. nothing more nothing less. 2. i would like to see a reference for this. and i am talking about the using part. participating in a seminar, showing interest in the project, saying something about it, some employee of Microsoft making something with ethereum platform, or Azure listing it, ... these are not Microsofr or the others using it. so far i have seen all these names people mentioned only show interest to know more about it so that they can implement their own stand alone version of it completely disconnected from etherum. 3. No. you may find some gambling sites listing it or some random person on the internet saying they are accepting ether but it is not used by any major and real store online because of lack of interest and high transaction fees.
|
|
|
i am mostly curious to know how you made an altcoin without knowing some pretty basic stuff first? anyways i am not an expert but i try to point you in the right direction. these "values" are from your blockchain. the genesis block is usually hard coded in the code as first thing. you can see how bitcoin's genesis block works and adapt it to your own block: https://en.bitcoin.it/wiki/Genesis_blockand for the rest they are your blocks, all blocks have a certain structure, again this is specific to your coin and how you coded it. blockindex is the block height like block 10, 1000, 472562,... block hash is the SHA256 (maybe 2 times) of the whole block hex + its headers. again it may be different from coin to coin! tx hash should be an array of transaction hexes that have been included in that block (including the coinbase transaction) again may be different since not all coins are minable i don't know if they all have coinbase! i don't know what address means, maybe base58 addresses of those keys used in the transactions! it is best to see the original code where you copied (forked) your altcoin from and see how they are doing it. it is also safe assumption that these altcoins are based on bitcoin so these two links can be helpful in understanding how things work: https://bitcoin.org/en/developer-guide#block-chainhttps://bitcoin.org/en/developer-reference#block-chain
|
|
|
Alright, so I'm not sure if anyone has already brought this up but today when I made a deposit to Localbitcoins it says they will deduct a deposit fee from my deposit. How is it even possible to deduct a fee from a deposit? Can't cost them money to receive money? Holy hell...
Do you guys know of any other places similar to Localbitcoins that I could use? I'm based in Sweden and like "safe" peer to peer trading.
I made a transaction to localbitcoin two days before I didn't get any deposit fees for it. I think you get confused network fees which is transfer from the localbitcoins wallet. Please refer the below link. https://localbitcoins.com/feesI can guarantee you that I am not confusing anything. I've used Localbitcoins for well over 2 years now and today when I sent BTC to my LB wallet I saw a "!" under my incoming transaction. Hovering over it displayed a message stating that they would take a deposit fee. That's right, it worded out deposit fee. That's why it was very strange, and I'd hope that it is not something new they implemented because it makes absoluteley no sense to me why they'd do that.. then if it is the first time that is happening and you don't know what it is maybe you should ask localbitcoins, maybe they have recently changed their fee rules somehow or maybe it is a bug which in both cases the support staff of LBC can only help you.
|
|
|
i don't know, i have seen this many times before. price drops after a fast rise and everyone starts calling the market as "weak, bear market, vulnerable,..." and price stays at the same level for all that time it is being called different names. and then it starts rising up again!
and at this point it looks the same to me. and the only difference is that we have a big drama on the horizons nothing else!
I see you've been hodling since 2015, so it makes sense for you to see it this way... but do you remember 2013/2014? Or before that? People always call the market weak and people always say bitcoin is about to take off, and it does what it's going to do regardless. The price does not always go up, and it can't sustain the growth it has been seeing recently. Bitcoin skyrockets like we've seen recently, and then it plunges downward. We've seen this over and over again - last time in 2013/2014. This pattern we are seeing now is very similar to the ones we have seen before. i don't need to remember it, all the information is out there for anyone to see. the rise or better said pump of 2013 was because of Mt Gox and a fake market that was controlled by only on exchange which controlled over 75% of the bitcoin daily trading volume. and price went up >500% in only 1 month. a fake rise + 500% rise = it must be bubble and it must burst. right now things are very different. for the past ~3 years price has been rising with a very strong support and mostly on a slow and steady rise each year going up 120%-200% compared to previous year. so a big rise that stays is not really something strange for bitcoin and doesn't necessarily mean it must come down just because it has gone up! and what you call "plunge down" has so far been a simple correction that was big only because exchanges have thin orderbooks that when a sell off starts they are filled super fast. i also like to share this picture i took a while back from stocks market showing Apple and Google shares. the one that looks very similar to bitcoin rise belongs to Apple. and it is always like this with up and coming technologies and investments, there is a slow beginning, then it speeds up because new money "rushes in" and leads to a bubble, the bubble is corrected and the rise continues. right now we are somewhere around the 2013 part of the below chart on the red line aka in a dip after a big rise. and as i said in my previous post we only have a drama on the horizons and how that drama is going to be will determine which way this dip will go. it can go down if the drama is serious (leading to split, ...) and it can be the end of the downtime and start of the rise if it is resolved.
|
|
|
why do you people always come in late?!!
learn the market flow my friends... it won't always be the same, when an altcoin rises 10 fold it doesn't mean it will continue rising 10 fold all year long every month giving the same amount of profit! it means now it is time for those who invested at the bottom months ago are cashing out to take that 10 fold profit.
now that they are doing that, you want to go in! it is like you want to lose money.
|
|
|
to find markets for an altcoin just check a website like coinmarketcap, that lists all of them and see which exchange offers which market. like this: http://coinmarketcap.com/currencies/iota/#marketsyou can see IOTA is only listed don bitfinex and it only has two markets /BTC and /USD. in case of bitfinex ,i believe you still can not deposit fiat so your only option is to deposit bitcoin and buy it. be careful though because it seems like price is on the way down at the moment.
|
|
|
|