Haven't done an Eth transfer in awhile, keep reading about congestion and slow speeds.
I'm looking at buying an ICO which is close to it's cap, how long are Eth transactions taking these days?
Over a day and I've probably missed out.
Cheers!
Theoriticaly ethereum transaction is better than bitcoin because bitcoin transaction is competing each other, people who set higher fee will be prioritized. But I don't exactly how long Eth transaction will taking time. there isn't much difference here. if the network is congested then your transaction will be stuck unless you pay a ridiculously higher fee than other people. and if it is not congested then the transaction with any fee will be confirmed in the next block! of course there is one difference and that is wallet failures! in the past during bitcoin network congestion everything worked fine and every service continued working with bitcoin. but during ETH network congestion exchanges had to disable everything because of failure. |
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you are not wrong.
but i am mostly waiting for the FUD effects to wear off from the market and the panic to end. and we are already on that path when price crossed $9500 a couple of days ago and right now we are seeing a nice and steady growth which looks pretty solid to me. and a slow rise is always much stronger than a fast rise because it has a lot less weak hands in it.
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online sentiment shows that almost everyone thinks that BTC will always have an upward trajectory, and such optimism inevitably indicates a coming crash.
the online sentiments are either too excited kids who got some big profit all of a sudden who are not wishing for the moon, or the shorters who are spreading a lot of FUD saying bitcoin is dropping. it doesn't show anything. in fact there may be enough of both of them to cancel each other out and wise people don't even care what "online sentiment" says. besides it is not all optimism to say bitcoin, which has not yet reached mass adoption and is growing each year, will be on the rise in long term. |
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all of these bullshit techniques have only slowed down the process of mass adoption because it scared people until they got to know bitcoin better. and it is sometimes pathetic to see them try their best to damage bitcoin's reputation by calling bitcoin and bitcoin users names that they deserve it more. for example evil banks that have a corrupt history of a lot of illegal activities, money laundering and a lot more have always been the hottest opposition against bitcoin! that is just absurd.
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just to add to what @mpufatzis said above. you can always open your JSON backup file to see what it contains. use a text editor like Notepad in windows to see it (don't edit anything though). in that file you can see a bunch of public stuff such as your ETH address. and also you can see a field called "ciphertext". this is your encrypted private key which was encrypted using AES-128 (for some reason MEW uses this instead of popular AES-256). this is a strong encryption on its own and with a strong password it is impossible to crack it. as for cold storage i wrote something here a while ago which you can try: i have never used this myself because i only invest in ETH for short term profit and for that i only keep it on exchanges for a short time before i dump it. but you can use MyEtherWallet.com to do that. - you clone the repository to take it offline: https://github.com/kvhnuke/etherwallet- then open it online to https://www.myetherwallet.com/#offline-transaction and enter your address to get the transactions and make your new one. - go to offline and use that tx you created to sign using your private key using the repository clone you made in first step. - take that tx to online computer and open https://www.myetherwallet.com/#offline-transaction again, scroll down to the bottom and pate the raw hex there and click Send Transaction. use this at your own risk, i have never tested this myself. better try with a small testing amount first |
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regardless of this new year thing, i can say that the dumping and panic sells are over. we are not entering a new phase starting with bitcoin. if the price of BTC keeps rising and stays above $10,000 then we can expect better days for the whole market as bitcoin rise slows down the money flows into altcoins to pump them and then goes back to bitcoin.
if this new phase can't stand (which is unlikely in my opinion) then we may see a new phase of dumps instead where everything will be in red again and dumps may even become more severe.
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any altcoin that has the potential to get pumped is a good option for investment without an exception. it doesn't matter what they are called and what their price is and where they are being traded, as long as they get pumped properly giving a good profit, they are a good investment.
both XRP and LTC can get pumped and are getting pumped at the moment which makes them good.
however LTC has a fork coming which will give free money to whoever holds any amount of it and that can effectively mean the price of LTC can get pumped even more thanks to this hype.
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generally speaking i believe that TA is not working that is why it is not even considered real "science". it is a bunch of lines on charts! then we start on cryptocurrencies, bitcoin for example and the accuracy of it drops a lot. then we start on altcoins and it becomes even worse to a point where it becomes completely useless. add to that manipulations of altcoins and TA becomes 100% useless.
it is a good tool too have though. you can use it as some sort of guideline to predict the most possible scenario to happen. it doesn't have to come true but it is not a bad thing.
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In Korea, there is no more bad news expected.
It means.... the price may gradually increase.
usually it is the opposite, meaning with bad news price "decreases"! in other words i think you got it backwards. in any case i don't expect any kind of drop or decrease for the time being even with bad news because the trend has changed and now we are on the rise and there aren't that many things that can change the trend when it starts. |
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both are good for different people so you have to decide which one of these people you want to be like!
a trader or an earner.
mining will give you money no matter what. if your setup is decent (low electricity bill, good devices, ...) you will make profit. that is easier for most people.
trading may or may not give you any profit. it is a risky business and with all these altcoin pump and dumps things become even harder. so if you are familiar with trading then choose that.
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Right now, price of ETH is low, is there again rise in the ETH ? I can see eth going above bitcoin because of combination between drop in the price of bitcoin and increase in the price of eth.
i am going to ignore all the flaws in ETH and how bullshit it is, also will ignore the fact that ETH is not even a currency and only focus on a very simple set of facts: supply and demand. price of anything is based on supply and demand. * you can see the demand for bitcoin from investors, speculators, merchants and a lot of different groups of people. * the supply of bitcoin is limited, there is a cap and it is 21 million. combination of these two means the price and the rising of it that you see. * the demand for ETH is two things: speculation and ICOs * the supply of it is already nearly 100 million and there is no limit or cap for it. there will be millions and millions of it available. combination of these two means the price should fall in the long term. look at Dogecoin for an example of a coin with no cap and a huge supply. |
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i honestly don't see any reason why one should make such conclusion!
first halving has nothing to do with last year's rise nor does it have anything to do with 2018 performance, good or bad.
second, bitcoin performing good in 2017 doesn't mean it should perform bad in 2018. it may perform horrible or it may perform even better than last year. either way it has nothing to do with 2017 rise apart from the first months where we are in the correction and then panic mode.
There is a good reason for one to make such conclusion. Halvingdo has something do with the rise way back 2013-2014 and the bullish run that have happened in 2017-2018 since it somehow affects the adoption rate of people to Bitcoin(and the demands for it). I also believe OP's conclusion not just because of his theory, but because of btc being overbought. that's the whole point of what i said. what i say is actually a pretty famous saying that goes "Past Performance Is Not Indicative Of Future Results". so if you say just because in the past bitcoin entered a prolonged bear market after its big rise, it will happen now too, than it is wrong and i disagree with it. if you say it is overbought now, then it is a different discussion. and i guess we will soon see what is going to happen. price will either be back to 5 digits and rising in a couple of months with all this behind. or this theory is right and we see the bear market be extended some more. |
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it is all about address reuse ( https://en.bitcoin.it/wiki/Address_reuse), read the reasons there. although i am not familiar with Zebpay but those exchanges that have the option to generate new receiving address for each deposit don't do it automatically. you need to do it yourself by clicking the button and generating a new receiving address yourself. and until you do that, the old address will remain in your account. even if you generate a new address, the old one will still be in their wallet. they may not bother with recovering it if you made a mistake but it should technically be possible to do so. |
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Tether is worth $1 and have been worth $1 for 99.99% of the times. that makes it special.
but "most people" don't use it because it is shady and it is risky although it may seem convenient at times. the company behind it is printing more and more of it like mad men and if some day that company (which is the owner of bitfinex also) disappears Tether will disappear with them.
The only reason people think that is because of the current on going investigations, but they have reason to suspect shady business. Tell me, why would a company who has a transparent blockchain not hand over records right away and say here look 1:1 dollars in every account; it is all there accounted for. I will tell you why, it is because they probably don't have it and for that reason I stay very clear of this weird token. well it has always been shady, it is not just because of investigation or not being backed by dollar 1:1 it is also because it is weird. if you check the website for example they are not even guaranteeing the 1:1 thing and they are not even guaranteeing the exchange of 1 USDT with USD at any rate! you have to accept it "as is". not to mention that it is centralized and they are rejecting certain countries! what is that all about in a cryptocurrency! |
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Tether is worth $1 and have been worth $1 for 99.99% of the times. that makes it special.
but "most people" don't use it because it is shady and it is risky although it may seem convenient at times. the company behind it is printing more and more of it like mad men and if some day that company (which is the owner of bitfinex also) disappears Tether will disappear with them.
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you didn't have to go to the length of finding some archive and see what Satoshi has said! things such as supply of bitcoin and halving are like general knowledge. just google "bitcoin supply" and the first result is actually the thing you found in better words: https://en.bitcoin.it/wiki/Controlled_supplyas for the effect of it, so far in both halvings that we had the result was a big rise about 1-2 months before the actual halving then a correction and a slow rise afterwards because afterwards is when the sell pressure is actually lowered. based off all of this information, i honestly can't see the rest of 2018 being a good year for the crypto market
i honestly don't see any reason why one should make such conclusion! first halving has nothing to do with last year's rise nor does it have anything to do with 2018 performance, good or bad. second, bitcoin performing good in 2017 doesn't mean it should perform bad in 2018. it may perform horrible or it may perform even better than last year. either way it has nothing to do with 2017 rise apart from the first months where we are in the correction and then panic mode. |
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Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
well, you need to be using cryptocurrencies first before starting a topic about them. and you my friend have not been using bitcoin or any other cryptocurrency. because if you did use bitcoin then you would have already known that bitcoin transaction fees are not only not high but they are at their lowest right now. and transactions are instant the confirmation takes time which is limited by the time a block is found, 10 min on average. before moving on i have to mention Lightning Network which is currently working and transactions on there are nearly free and instant. regarding other cryptocurrencies if you ever use any of them you will see that they also have similar issues to bitcoin. some even more serious issues. the fact that these issues are not surfaced yet is because nobody uses them. it is like a highway with a big ditch in the middle of it that only 1 car per day passes that highway. nobody will hear about that ditch until the highway is used more often and disasters happen. Well I accept Bitcoin payments on my store, I don't really care about the transaction time and fee as long as the payment is successful, however, I was thinking about the posibility of Bitcoin (or any other crypto) of becoming not only a daily currency but maybe a worldwide currency? then it is even more strange that you are saying fees are high now that they have been extremely low for a very long time! as for the possibility, bitcoin is currently a daily currency and a worldwide currency! look at some stats, there are lots of users from all around the world, there are bitcoin nodes from every country on earth, there are merchants in most countries, and according to BitPay they are processing $110 million every month and that is just one payment processor we can't measure the whole thing there are around $1-$2 billion transferred through bitcoin on daily basis! |
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Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
well, you need to be using cryptocurrencies first before starting a topic about them. and you my friend have not been using bitcoin or any other cryptocurrency. because if you did use bitcoin then you would have already known that bitcoin transaction fees are not only not high but they are at their lowest right now. and transactions are instant the confirmation takes time which is limited by the time a block is found, 10 min on average. before moving on i have to mention Lightning Network which is currently working and transactions on there are nearly free and instant. regarding other cryptocurrencies if you ever use any of them you will see that they also have similar issues to bitcoin. some even more serious issues. the fact that these issues are not surfaced yet is because nobody uses them. it is like a highway with a big ditch in the middle of it that only 1 car per day passes that highway. nobody will hear about that ditch until the highway is used more often and disasters happen. |
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The BTC/USD pair is likely to face resistance at $9,500, which was the high on February 3. Above this, a move to $9,920 can’t be ruled out, but we expect the range of $9,920 to $10,700 to act as a strong resistance.
you can't expect anything in this range in my opinion. the $9500 level is an important price level but beyond that things may speed up by a lot because it may act as a signal to a lot of investors to start FOMO buying bitcoin because it has reached some arbitrary resistance. and FOMO buyers can push the price super fast and the more resistances that are broken the bigger the rise will go and the following resistances will become smaller. |
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Many so called twitter/FB experts just spreading that btc will go to 3800-4200-4800$ just like that ,without showing any confirmations of the candlesticks, And foolish followers updating on their timeline and retweeting their posts, so finally these leads to btc dump. when such kind of FUD spreads every where who will come forward to buy btc, all will be waiting for btc dump ,  well this may sound a big harsh but i say if people are too dumb that they follow twitter/FB bullshit instead of using their own heads and these FUDsters can effectively cause a big drop then maybe bitcoin should get dumped because dump means all these idiots are selling.... good riddance!and if they are scared and are not coming forward to buy because of some dumb FUD, then it is best to not buy bitcoin at all. we don't want people who don't understand bitcoin hold any of it. there will be more for the rest of us who do understand it. let them beg us to sell them a tiny portion of it when price reaches $1 million. |
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