Hello guys  i want to ask you guys something . Will bitcoin survive this year? Because the rates of btc are goin down and down  you should get worried and then ask this question if the bitcoin price had went down to like $370 and not from $430 to $420 this is just the market swings which is pretty normal and a good place to buy bitcoin at lower price before it goes back up again. |
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Since a few days, Bitcoin Core 0.12.0 is available. Also since a few days, transactions take much longer to be confirmed. The new Bitcoin Core has a much higher recommended fee. I think this is the cause of the delays: if you don't join the higher fee, you lose priority. I just saw this block being mined: 25 BTC block-reward, and 4.67004169 BTC fees. That is 2000 dollar or almost 20% of the block reward! Are miners using the limited block size to force users to pay much more, so the halving will hurt them less?I know this block had much more fees than average, which is why I picked this one to demonstrate. I could be wrong, but I don't think miners are deliberately doing anything about the halving in your example - they have always been free to include 0, or hundreds of TX's in a block. It's just another mined block, except this one has more TX's than most - This is of course, a good thing - it means more tx's got confirmed faster, and the miners made more $/bitcoin. The more tx's in a block the better, IMO, both for the users, the miners, and the network, regardless of any mandatory fee size changes. Disclaimer: I'm not a miner. i agree, i don't think this situation with the unconfirmed transactions and the higher fee requirements is not on purpose. it has happened before, it is simply because of the massive transactions and limitation of block size to 1mb right now. |
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new cloud mining [ investment ] websites are coming
they usually are not legitimate businesses and 99% of the time these new (or even the old ones) that you see around are just Ponzi schemes trying to scam people by releasing some fake data about their program. does any company can mine like this ?
theoretically they can mine this way, you know like gathering investment then buying hash power or mining equipment and sharing the profit with the investors. but in order to profit they need good portion of hash power and cheap electricity. |
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i personally will never trust anybody else. maybe it is me being too paranoid but but i have always been this way. also things are not so black and white, trust or not trust at all. it is the matter of trusting degre.for example i will not trust anybody no matter how his reputation is with a large amount of money (like >3BTC) but for smaller amounts like 0.5BTC there is still room for trusting somebody who you can see his history and reputation.
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The price of Bitcoin goes up over time. The current situation is placing severe downward force on the price of bitcoin yet the price is not decreasing. What we have here is effectively a giant spring storing energy against that pressure. Once the attack stops and the mempool clears, that energy will be released and the price takeoff like a rocket TO THE MOON!
BUY BUY BUY
exactly. the history (the recent history) has shown that market wants to push bitcoin price up no matter what happens, it keeps on going up. the block size debate, the Hearn drama, all the FUD, and a lot more has happened but price only went down a little for short while and the continued its upward movement. |
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The best reasons are:
No physical currency involve!
there is so much more than that to bitcoin. like anonymity, fast transaction, cheapest way to transfer money no matter what the amount is,... besides i think sometimes the physical form of money is a good thing especially for older generation who are more comfortable with something they can touch when it comes to money. |
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Holding the bitcoins could be a potential way to get rich just if the Bitcoin's price get the highest level in short amount of time, otherwise you can earn some profit but i don't think that's will help you to get rich
yeah hold bitcoin could be a potential way to get rich, For example if we go back when the price of bitcoin $1 and sell at a price of $1000 and this was unimaginable. and I believe it to buy and hold at current prices, perhaps a few years bitcoin prices could touch $5000 holding bitcoin for long time can be a game which have 50-50% Chance to win or loss.may be you hold btc for long time and after 3-8years btc price is down so in this way you got rich? lol.....so holding bitcoin is profitable with 50% risk. nah, the chances are not even close to 50-50 chance. there is a lot of factors affecting bitcoin price which makes the chance of going up or down variable every day. for example this year the chance of price going up is much higher that it going down. but there is still some chance of reverse action for example because of block size. |
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cash is not outdated at all, what you are saying is for the far future (maybe?) but it is definitely not for now.
besides the transition from the old ways (using cash for day to day usages) to a new technology (for example using bitcoin for all that) needs a long time, no transition happens overnight.
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nothing will happen to them even if the bitcoin price stays the same as it is right now. they are earning a lot of money each day and that is while they have access to somewhat cheap electricity.
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good information here.
just add an "EDU" or "Guide" tag in your topic in order to clarify what the content of the post is.
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if it won't rise price by 200$ or less, it will create panic anyway, so people will change price slightly, i'm not sure if it will go very high or very low, but it won't be same as now
price not rising is not going to create any panic! that is an strange assumption. if the price goes up very little or even stays stable it will create more confidence for using bitcoin as a currency and not just an investment to make a quick buck. i don't see anyone panicking to see price be stable. |
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I think for binary trading I assume it was a gamble. You do not need a lot of skill to play in binary
yeah, i think this is what secondtrade is offering as a gambling game if i am not mistaken. but i know there are games that you bet on the price of bitcoin and other things to see if it goes up or down and take the bet. but those games should not be mistaken with trading bitcoin or trading altcoins. |
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no, not really. maybe it is mostly because i don't wait on these things and go away and come back to see the transaction confirmed in my wallet. and also i always try to pay the fees according to what the network demands so i have a high priority.
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this is a great news for bitcoin, i will be counting days until this big event takes place. because declaring bitcoin legally as a currency and then regulation of bitcoin will lead to all other people who didn't know about bitcoin or didn't trust it before, start using it.
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They are only interested at the pump and dump for big profits, create their own coins and try to get as much money as possible. They are not really contributing for the ecosystem.
Chinese has been in bitcoin forever, they also have the largest mining farms and the largest hasrate portion of the whole network. so i don't think then accepting bitcoin is anything new. but if they decide to do exactly what they did with litecoin to bitcoin too then we are all in for a big treat. |
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Hi all,
I am a newbie so I need an advice on what u people do with your money. I usual take short time trades and have all my money in euros and in one exchange, however this does make me feel uncomfortable, suggestions are most welcome.
keeping any money at exchangers are not a safe idea anymore. there has been enough exchangers that were hacked or ran away with the money that it is not safe to trust them anymore. what i do is that i always withdraw any funds i have on the exchanger after i am done with the trades or i don't want to take any position in the orderbooks. |
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how about using bitcoin debit cards or something similar to that?
i don't like it since you would have to go through a third party for using your bitcoin but it is a solution for situations where there is no internet access in your city! which honestly sounds strange to me since there is all kinds of internet coverage from mobile to wireless.
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the only effect that altcoins have had on bitcoin is helping traders make more of it. but it is also hard to imagine crypto scene without the altcoins, they still have a large portion of the market combined which can not be neglected. also there are a couple of them with nice features that can make them competitors for bitcoin but not yet.
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Currently at $ 420 here as I think it will hold the $ 400 level
Even if there is the chance that the $400 was broken, the time the bitcoin stays below $400 will be short. unless there is another bad news like what Mike Hearn did to bitcoin recently, i don't see any reason that bitcoin price can go down at this point. and as we saw from the past, the incidents could not stop bitcoin from rising, it is only slowing down the movement. |
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