What is current feel for Bitcoin's value considering its recent retreat?
Bitcoin is a highly volatile monetary system, we had many ups and downs in the past and at this point, it is safe to assume that this situation will continue in the future. Recent retracement was caused by FUD about Bitcoin split, most users don't understand anything about protocol upgrade. These people would rather dump all their cons to be sure that they won't lose money after BTC will crash/split after failed upgrade. |
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what was the transaction size? i doubt is really 7 euro and 7 euro is like 350k satoshi at the moment, which is like you are sending a TX of 1300 bytes, if really is true, try to use an accelerator next time
Since Op hasn't shown us his BTC transaction ID and I doubt that there is a company which is accepting bitcoin directly. So since some kind of bitcoin payment operator is included in this equation, the most likely scenario is that there was some kind additional fee associated with this TX. Sometimes (way more often than you even think) there are multiple fees associated with sending money online. |
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I am more inclined to believe that your machine has been compromised and your security breached.
Someone got access to your personal Coinbase account and is trying to hack his way in.
Given the situation, I would advise you to change all your current passwords including your email password to secure back your account fully
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vDice.io Brings Ethereum Gambling to Mobile There is more than just the new looks of vDice.io as it prepares to give the mobile gaming scene a new flavor of entertainment. vDice.io, which became popular for its Ethereum dice game, takes a step further with its plans of mobile integration. Mobile usage for gaming purposes is undeniably huge on a global scale, especially in Asia and emerging markets. https://www.bitcoingg.com/vdice-io-brings-ethereum-gambling-mobile/That is great target marketing from vdice.io  Isn't this article kinda outdated at this point? It is from March, and I like how on the screen they used to illustrate how vDice looks like we can see 28k bets. Today vDice has processed over 54k bets, talking about growth. Meanwhile, the minimum bet requirement is the same... even though Ethereum's price is like ten five higher that at that time. |
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One is certain, SegWit won't fail and destroy bitcoin, just take a look at Litecoin example - LTC was practically buried alive and stagnant for long period of time.
SegWit activation raised it from the limbo and from forever stable price of ~$4 Litecoin surged to ~$50 in 2 months.
So know just imagine what SegWit can do for bitcoin, if everything will go according to the plan we should have stable $4000 after the upgrade.
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My understanding is that if you own 1 bitcoin when a fork happens, you will then own 1 of each coin in the fork. Most likely one will survive and the other will fail (or become almost worthless). You'll end up with 1 of the successful fork so no harm done. If anyone can clarify that, please do so.
"A softfork is a change to the bitcoin protocol wherein only previously valid blocks/transactions are made invalid. Since old nodes will recognise the new blocks as valid, a softfork is backward-compatible. This kind of fork requires only a majority of the miners upgrading to enforce the new rules." Bitcoin Wiki https://en.bitcoin.it/wiki/SoftforkIf the SegWit2x option win then there won't be any hard fork until later this year, only then we will have 2 MB hard fork. Bitcoin upgrade is something new and unique and there is no way to tell how people will react when it will finally happen, even if there won't be any technical issues linked to it. |
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It is not easy earning bitcoin, don't even try to use faucets or seek for micro jobs, they won't bring you any serious income in BTC.
You will lose more time than the process of "earning" is worth. if you want bitcoin at this point then the best option is to buy it with fiat money.
I mean it, forget about 'easy' way of earning bitcoin, buy it while it is while relatively low, every other way is either time consuming to the point of being useless or too risky.
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The title of the worst support desk in the industry is highly debatable. It depends greatly on the individual case, some issues are harder than other to fix.
I've seen cases when people waited months for verification process on Bitfinex but someone said his account has been verified in a matter of hours...
Poloniex would be my first choice, not because they are bad, but because they have high traffic and their support manpower is kinda low.
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I'd assume at this point that they aren't. Their site isn't updated, they haven't marketed or anything in a LONG time, etc. I haven't even heard anyone ask about them in years.
Exactly this. I checked their social media accounts - last facebook update has been done on Coinlearn May 25, 2014, last tweet message was sent in 2015. Also, there is no proof of payment newer than from 2015. So it is safe to assume that at this point their site is pretty much abandoned. To avoid disappointment please don't expect any payment from CoinLearn.org |
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There are mainly only 2 important reasons for a dump to happen and the main one is because of bitcoin being low. As on most exchanges the main trading pair of any altcoin is btc when the price of btc falls people rush to sell their coins to get more bitcoin as the price of bitcoin has fallen. Another reason is pretty common that investors have gained sufficient profit from the coin or they are not able to pump it more so they end up dumping the coin
Bitcoin is not low, Bitcoin is stable and entered the phase of preparation for huge leap: scaling upgrade will go live soon, recently hash power of BTC network increased. Maybe altcoin holders noticed that too, and simply dumped their short altcoin position in favour of buying bitcoin? After all, it was always like that in the past, nothing new here. |
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I wish I go back to this topic in 2020 when bitcoin will be traded for more than $10000 and laugh at our current theories.
At this point bitcoin price crossing $3000 is more than certain, just wait for SegWit to go live.
I expect that we might see the price closer to $4000 this year. Plus, we had hash power surge of 30% - this always indicated price growth in the past.
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Why do you care only about only North American markets? Bitcoin is a global currency, it can offer you much more as it is not linked to a certain country or geographic region.
I doubt that bitcoin will ever replace standard fiat based economy, it is an alternative asset, a complementary currency.
BTC can guarantee an additional level of support in times when we will have next big economic crisis, and it will happen sooner or later.
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If you have a stable income and don't need to bolster it by selling your coins from time to time then hold Bitcoin.
I suggest that you buy additional coins now before scaling upgrade is complete and wait until the next halving in 2020.
According to some bitcoin speculators and experts (i.e. Bobby Lee), we will reach more than $12k in three years.
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What I believe is there will be a fall in price just after Segwit if happens but that would be for short term. After that bitcoin will grow like before or better because any of the blocksize solutions would allow bitcoin to continue growing. Growth is required for stability. A stable currency is a good store of value.
I would predict a short term with a healthy future growth until we reach the next scaling ceiling. Specialists are predicting that next scaling ceiling with SegWit2x is gonna happen after 16 years. So we have plenty of room to think of any alternatives. As always we have no idea how the market will react to bitcoin upgrade, I expect that there might be pretty big disturbance before as many people will panic and sell off their positions. After a successful upgrade, we will see rapid growth, hopefully, a new stable floor will be above $3000 and price won't ever go lower than that. |
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That is good to hear that bitcoin is a reason some people are happy. I doubt we will see price movement so great to make people who own only a couple of BTC rich in the future.
I would like to hear stories from men who bought/mined/earned bitcoin in its early years and then forgot their wallet passwords, lost their private keys due to hardware failure or human error.
There was a man who claimed that he had 20k bitcoin and he simply forgot about it when he changed his old HDD to new SSD. I probably would kill myself over a failure of that magnitude...
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I hope everything will be as in the movies: D
Which movies are on your mind exactly? Do you wish for a future like in Blade Runner where we face grim cyberpunk future or maybe you wish for emotionless future like in THX 1138, Equilibrium or Equals? Personally, I will bet that we will see the future from Elysium - this film portrays wealth inequality in a very realistic way, as something I can imagine would happen in the future, super-rich versus rest of the world class conflict is inevitable at this point. This will be our future, given that we won't see any war or global economic, a natural disaster happening first. |
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I recently graduated in Economics and bitcoin was mentioned in passing but its hardly discussed.
Most of the features that bitcoin offer are counter to what basic economics courses suggest are good for a healthy economy. Deflation in a currency is considered one of the worst things (bitcoin is still inflationary at the present date though). A central bank having control over a national currency is also considered important to stabilize the ups and downs in the economy. Volatility in bitcoin is also horrible for a currency.
These features just scratch the surface of why standard economics will see more downsides than upsides to a currency like bitcoin. According to standard economic theory if bitcoin were the currency used worldwide we would see stronger boom and bust cycles than currently.
So your teachers basically said that bitcoin is a bad example of a currency because it is volatile and eventually will become deflationary currency which like ultimate flaw for a currency to have. That is not exactly the best introduction to a whole new alternative economy, don't you think? And yet you are here on bitcointalk thinking that bitcoin will have bright future. I would like to see what those old school teachers will say in the 10 or 20 years from now when bitcoin will be so strong and popular to rival standard fiat currencies. |
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Op, I understand that all you need is more coins and it is perfectly fine. I was the same as you, but I realised that I cannot have it all.
For now I am now perfectly fine with the stash I have, although I own a pretty insignificant number of coins.
I thought many times that I would be most efficient way to simply sell at high and rebuy at low but in the end, but it is a bit much hassle for me.
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There is and always was only one way of supplying Bitcoin - by mining new bitcoin out. Miners can do whatever they want with their coins.
Op, when you mentioned faucets or other ways to get bitcoin you need to know that this has nothing to do with supplying new coins for users.
These are merely the ways of earning bitcoin, and the best way of getting BTC was always buying it for fiat.
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