Hello there! Have you tried to research this on Google, it seems you will find a better answer. If you're not afraid to submit a KYC verification, it might good if you will check your crypto local exchange like LocalBitcoin or Binance, you can sell Bitcoin there without worrying about KYC if you will sell the required minimum amount which is below 2 Bitcoin per day. Here's what I've searched. Don't hesitate to ask if there's something that you want to know. Good luck.
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I tend to agree with the comment above, just try to update the OS version on your android, it might be not working properly because the system you've used is outdated. Or another suggestion, it might you have a "privacy guard" in your android or anti-virus app that might be blocking the Electrum app, you can also check that.
However, based on my own experienced. I didn't like using android when opening my Electrum wallet, I'm much more confident if I open my Electrum on my Laptop/Desktop. Therefore, I recommend to use your desktop instead of your mobile android phone.
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We don't tolerate spammers or shit posters here, and being a moderator is not easy as they are busy almost 24/7 checking forums.
I believed that there's a reputable member here who did this already, actmyname has created a thread that contains a list of spammers in the forum. A large number that deleted by the MODs and also reported by the concerned members here in the forum are all spammers and to combat those spammers to slowly eliminate, once your profile has been marked as a spammer, bounty manager, or signature campaign manager should not accept them and tolerate those spammers. We determine that they are spammer because of the number of deleted posts by MODs. We must encourage others to report those spammers and don't tolerate them staying here, it seems like they are toxic to the community. Most commonly, those bounty hunters that posting their social media without contributing to the forum.
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Just because there's no infinite growth of Bitcoin, this was expected by many speculators that there's a short correction but if you can see, we're still on a healthy market. It might be they called a "reset", there's instance speculation that probably big investors may invest during this crush and we might we experience again a bull run, but if not, the anticipated that the previous history of Bitcoin will repeat itself might be happened.
But it's too early to give a statement, I may advise everyone that should have a strong hand and never do panic selling that won't surely help the market price. Probably there's a whale trying to manipulate the market, or this has related to the Elon Musk tweet on Twitter.
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I dont have any idea yet who is that big player who bought Bitcoin in Coinbase using different addresses. According to the Whale_Alert on Twitter, it almost the same amount of ~300 up to 380 Bitcoin has been bought so many times and I think more than 30 times transactions. Whoever it is, this will surely have a great impact on Bitcoin price, and we might achieve another ATH within this week as expected, I think presumably we're on the road to the $60k price of Bitcoin. ~
I'm looking for news regarding this but I can't find it, can you drop a link source for this?
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AFAIK, in restoring your crypto wallet just like Electrum, there's no need for you to use your password (but I advise you to keep it), instead, just only restore in a seed phrase and then create a new password. But once your password was lost it is not possible to recover, the use of a password is used as a key to AES (Advanced Encryption Standard) encryption for encrypting the seed and other data in a wallet file just like what mentioned above. I must need to use the original password along with the seed words to reproduce the root key? Yes, it must be, that's why every time when we create a new wallet it's always advisable to save this or write it down on a sheet of paper.
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Both links that you have mentioned above OP were right and legitimate. It might be you're not reading their FAQ upon depositing your fund on Binance exchange. Once it is credited from your account, it means it's already processed and you need to wait for office hours or office days since IDK if most banks will process transactions even on weekends. That's why I hate Bank transactions, it always needs office hours. Q1. Will the deposit/withdrawal be completed immediately and how long will it take?
Answer: If you requested a deposit or withdrawal after 17:00, it is expected to arrive the next working day. The deposit and withdrawal functions are temporarily unavailable from Friday 17:00 to Monday 08:00. It might this your problem, just patiently wait for it and don't worry if you had properly transacted it to Binance, that is safe Binance is a very reputable exchange.
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I may suggest you have deep research and don't rely upon other's suggestions because that's your money, not them. If you really wanted to invest, understand everything, and don't follow the latest trend, it might lead you to a massive loss. I personally don't suggest any of them right now, there's a heavy reason why I don't. Dogecoin was involved recently in a pump and dump just because of Elon Musk's tweet. Probably it's better if you will ask him if when he plans to tweet again the joke memes of Dogecoin it will surely be boosted the price up if he will do that again. Regarding Bitcoin, IDK when the price goes down since it's unpredictable, we're now on a bull market trend and the current price of Bitcoin was too high, I'm afraid if there's a short correction after this. But, if your intention is to invest for a long period of time, yes, Bitcoin is good enough than Dogecoin.
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Most of the cash is owned by riches of the world but it is still a store of value for the mass! So I don't think bitcoin will have any issue to become a store of value for the mass! Rather, bitcoin will continue to become even more expensive as more and more riches will show interest in bitcoin. So rightfully bitcoin will become an investment for all segments of people, not a currency! That is ideally the store of wealth like Gold!
I tend to agree with this statement since Bitcoin continues itself becomes more expensive, it's a store of wealth that could gain profit upon storing it. The only problem that I see in Bitcoin, (for now) is the high fees that could have to affect the speed of transaction becomes slower. But technically, we have different solutions for that like using Lightning Network and all medium exchanges should use the SegWit address. But when it comes to the rules, Bitcoin didn't have failure such as. - Being anonymity
- Has Limited Supply
- No Government control
- Easier cross border transactions
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BNB coin is always a matter of the Binance exchange and so far, they are doing great as of now. Another factor is the fees, if Ethereum will not be able to lower their fees, it might be BNB will next to the Ethereum or either in Bitcoin. Traders now are usually prepared on BNB coin in trading pair because it has low fees compared to both Ethereum and Bitcoin. And based on the article on Coindesk, it gains 45% in just 24 hours just because of the new Defi projects and of that is PancakeSwap.
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Probably it's easier than I think because most exchanges before didn't allow impose KYC verification on their users. I remember this in somewhere article (IIRC) buying Bitcoin on Mt. Gox exchange is $1K per day and that is a whole number of Bitcoin back then. It's very easy to have a whole number of Bitcoin back then, but unfortunately, I found and discover Bitcoin year 2017 when there's a bull run after the second halving.
I tend to agree that even joining a faucet before you can have Bitcoin, but of course, the dollar value isn't big compared today and nobody's interested because they think it's a waste of time.
But now, even a single of satoshi is had value to us and you can cover even fees.
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I saw now that it is open again, the withdrawal might available because it says online on the link provided above regarding their system monitor, and I don't think, it's a goodbye with your Bitcoin.
I think not only HitBTC exchange was doing this, I saw Binance exchange doing this several times that there's short maintenance on the withdrawal on Bitcoin, IDK with other altcoins. That's commonly happened when the Bitcoin price will pump and the most common users will tend to withdraw in this kind of situation.
Anyway, what coin that you're trying to withdraw? There are several coins that have an offline status of withdrawal. But the top cryptocurrencies like Bitcoin and Ethereum, it seems you can able to withdraw now.
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Thanks for this output, it really helps those naive and greedy newbies out there who potentially be fooled by this scammer technique. This isn't new, it seems the same case recently happened on a Twitter hack with high profile users that offered double your Bitcoin in just a matter of hours. and that's Elon Musk's account also involved in this. But I think people now are too intelligent regarding this scam attempt, they don't even catch prey and it seems the scammer's wallet only has 2 transactions which is a pretty small amount. I also reported the Bitcoin address used by the scammer.
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Generally it's an old trick, I don't know if there are any new update.
Tend to agree and that old trick was having similar to what happened last year, millions worth of Bitcoin has been successfully stolen by the hackers using that technique. It's a malicious link that usually commonly pops up on your screen on your wallet saying that the user needs to update their Electrum wallet app, but the link hasn't come from the official site of Electrum.org but it looks like Electrum official which have a malicious link upon clicking. IIRC, since Electrum is an open-source wallet and any dev or users can run their own Electrum server and that's what they called, ElectrumX and everyone can set up using this gateway server which easily for them to insert a malicious link. There are too many possible loopholes in electrum wallet and this might be hackers can be used. Just follow what o_e_l_e_o said above, verifying is the most important before you will download. Good thing that you didn't get fooled.
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The main reason might you didn't include, Bitcoin can gain profit.
There are too many reasons behind why people adopting Bitcoin and using it as a currency or as a valuable asset that can be stored for a long period of time and treat as a long-term investment. All mentioned OP was right but it doesn't mean those are only the reason why people, investors, or even institutions invest in Bitcoin.
Anytime you can buy Bitcoin and it's NOT too late for anyone to hold or invest as long as you can afford it. And always remember that Bitcoin is a long-term investment that you might lose if you will sell under the price from which you purchase.
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I tend to agree with the posts above, that author claimed himself as a good in technical analysis, his in 15 years of experience on trading and probably his prediction is right but it doesn't mean all his prediction gave 100% accurate result. As per see, the author of that article was presumably predicting the price of Bitcoin with the confidence of himself that it will happen.
If you will have a look at what all his articles had published it's all about technical prediction and it seems this dude, trying to give his own forecast with a full of assumptions.
But let see, it might his right or wrong at least we know that no one can predict the market price. TA and even FA don't have a guarantee.
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AFAIK when you buy bitcoin on blockchain.com it will be freeze on the trading/exchange account for 3 days at least to 7. You can't transfer that amount to your normal wallet yet.
It's 14 days holding period if the OP using ACH upon purchasing Bitcoin on Blockchain.com. If you recently bought crypto via ACH instant transfer, your purchase may be subject to a holding period of up to 14 days. And the reason is, To protect your account and to ensure the integrity of our trading system, we may place a hold on funds leaving the platform. This hold period for funds from ACH transfers is necessary so that funds have time to clear. Rest assured, your funds will be available for withdrawal as soon as the holding period is up! It's really frustrating to wait a long time like this, that's why for the beginner, this web wallet isn't recommended to them because it made confusions. The reason that can create heavy traffic to their customer support is also has a poor response. I suggest when your Bitcoin arrived, transfer into the non-custodial wallet, for example, Electrum wallet for safe and convenient to use, which has you have full control of the key. Not a very buggy web wallet.
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I know, I hadn't thought about it till I opened my transaction history. I'm not a daily trader, but depending on the circumstances, I'll trade 3-4 times a week, if we take into account 0.5% for every trade, it's a tremendous amount I could have saved if I was in another exchange. (for 0.01 BTC which costed somewhere around 370€, I'd have to pay approximately 2 + 2 euros to buy and sell. It might not seem excessive at first, but if you totalize your 10,20,30 transactions, multiply it by 2 Euros it would be 20,40,60 Euros respectively.
If this your problem, why not you didn't transfer your fund into another exchange that has the lowest fees compared to the one that you've said it has terrible fees upon per trading. An exchange that supports hundreds of coins, security, transaction speed, high volume per coin, and most of all the cheapest fees. I didn't have any experience from the exchange that what you've said, but if feel uncomfortable while in trading it's better to transfer into a good one. You can try to have a look at this article, an exchange that has the cheapest fees. "Cheapest Cryptocurrency Exchange"
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Volatility is a normal thing in Bitcoin, because of the fact that there's no infinite growth of Bitcoin price, it has sometimes a pullback right after having a massive plunged in the market. Those who have a long experience in Bitcoin holding must know about this situation and they are already aware that Bitcoin has always a price manipulation. If Bitcoin keeps going higher it means the demand has been increased, and the value that pegged to the dollars also increased the reason Bitcoin becomes so expensive, that why there's a fraction number that easily to divide and determine the value of per Bitcoin if ever there's someone who wants to transact with a tiny amount using Bitcoin. Speaking of the denomination of Bitcoin, here's Bitcoin Table Unit.
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I tend to agree with all suggestions above and they are right. But first, you need to find first where the coin listed of a specific exchange where you can transfer there and trade. You can determine how much the value of the coin that you have as of now and calculate the fees cost from withdrawing in the exchange by using these websites. Much better if you will choose an exchange that has a low withdrawal fee and then transfer the coin into your local crypto wallet that easy for you to trade your crypto coins into fiat, just prepare for the KYC verification for sure which is very common in the custodial wallet and the centralized exchange and you can choose an exchange that allows you to sell Bitcoin to fiat directly to your Bank account, I personally suggest Binance or the best is BestChange.com.
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