I moved funds from Trustwallet to Electrum, as far as I know Trustwallet doesn't have an RBF feature, but Electrum already has an RBF feature and even Cancel transactions for Electrum v4.0.4 ( https://cointastical.medium.com/wallets-which-support-replace-by-fee-rbf-fee-bumping-5812c40bbe09) Yes, fortunately the transaction I made was classified as non-urgent so it wasn't a problem. So, this should become a habit when making a transaction, it's a good idea to check network traffic and transaction fees first to avoid the transaction confirmation process taking up to several days. A wallet does not give you Coin Control feature, does not support Replace by Fee is not a good wallet to use. You made a good decision to leave Trust wallet and use Electrum wallet. But I warn you that you must move your bitcoins from a wallet created by Trust wallet to a new wallet you create with Electrum wallet software. You don't know what Trust wallet use (as I know they are close source), so move your coins from the old wallet (Trust wallet) to a new one with Electrum wallet will help you avoid fear of risk with Trust wallet. If you used Trust wallet that does not support RBF, your transaction is not RBF opt-in so you can not bump fee with RBF after import that wallet to Electrum. RBF only can be used if the transaction is opted-in with RBF initially. |
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Why are you after a quick profit investment, when you know that there is no investment that has lasted, that will give quick profit. The only way that you can profit from bitcoin is when you invest in a long term and focus your mindset on a long term goal with regular DCA. When you invest in bitcoin for a short term, the possibility of you to run at loss is high than when you invest in long term. Invest wisely...
What is your thought on this.
You can have quick profit with altcoins but fast comes, fast goes. Altcoins are very risky and you can have big profit with them but in a bear market, you will lose a lot of money if you invest in altcoins and hold them through a bear market. Many of altcoins will die and usually have 99% price loss in a bear market. Very little altcoins can make new all time highs like Ethereum. Bitcoin is different, it always makes a new all time high with each market cycle because Bitcoin leads this market. Halving each four years creates a market bull cycle for altcoins to join. Dollar Cost Averaging does not help you to get rich quickly but if you can DCA a long time, you will have very big capital spent for DCA. When a bull run comes, with capital you have with DCA, you will have good profit like effortlessly. When Bitcoin runs, it can not be stopped. DCA will help your portfolio increases a lot with a Bitcoin bull run. You can take profit effortlessly too because Bitcoin has very high trading volume. |
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Yes, as you can see there's a sudden high liquidity in this token and Bitcoin fee is increased at this time too. You can check the recent block in mempool.space, take this TX as an example where someone willing to send 0.00000546 BTC by paying $11.24 fees, 546 Satoshi is a dust limit/smallest valid transaction in Bitcoin network. Dust limits are different for Legacy and Native Segwit, Taproot addresses. Legacy addresses: 546 satoshi Native Segwit addresses: 294 satoshi Taproot addresses: 330 satoshi How was the dust limit of 546 satoshis was chosen? Why not 550 satoshis?What is meant by Bitcoin dust?dust = (input_vsize + output_size) × 3 sat/vB
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You're right if you're saying banks or fiats crime's going to increase if there wasn't cryptos. It's common talk about how American is presenting regulation to make exchanges fall under their control. It's going to make ppl lose privacy rights if they aren't able to obfuscate transactions they don't want other ppl to know about. If they're using fiat they won't have these problems so mixers are used by ppl who want privacy when they're using cryptos.
If cryptocurrencies are better tools for criminals to do their money laundering from technical aspect to regulatory aspect, they will choose cryptocurrencies. If regulations become stricter against money laundering (AML) through cryptocurrencies, criminals will find other ways and one of them is returning to fiat currencies like they did before blockchains, Bitcoin and cryptocurrencies were created. Governments will not be able to get rid of money laundering through either banks, fiat currencies or cryptocurrencies and cryptocurrency exchanges. |
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Also most crypto users move around with their phones that have their crypto wallet app on it and it becomes more easy to force them on gun point to transfer their funds to another wallet.
Who do it actually forget or ignore a rule, don't store all bitcoin or cryptocurrency on phone, mobile devices. It is like a hot wallet that is not a good choice to store all of your fund. If they are careless, ignore important reminder, they deserve to lose their funds (in bitcoin or cryptocurrency) in many accidents like a phone is dead (technically broken, can not be fixed or retrieved data), a phone is lost or stolen, and accidents like kidnap, kill. Most of your fund must be in a safer wallet like hardware wallet, airgap, cold storage or multisig wallet and you should not store them on phones. |
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This also could mean that there should be more to be expected this coming halving in bitcoin demand and supply, there's also going to be the unprecedented and unexpected display of the market volatility and all this will all triggers the rising of the market to form a new all time high level, we should expect more coming and to be unfolded at the course of the year end because now is the time we are beginning to see all every necessary actions coming before next year halving with the bitcoin market price.
With time, Bitcoin and blockchain industry become more famous and the adoption for them becomes bigger. Even without halvings, without block subsidy halve, demand on Bitcoin will still be bigger with time. With subsidy halve, it will increase the imbalance between new supply from block subsidy and demand from people. As principle of supply and demand, price will be higher with time. Halving helps to make the imbalance between supply and demand, or more correctly new supply and new demand, more skew to demand. |
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Bitcoin can help if its market value increases so that the price becomes stable, then the transaction fees will be much lower than the cost of mining Bitcoin, and then the price of the currency may become stable and become a currency for international trade rather than an asset to be speculated on, and this may happen within 16 years.
Bitcoin can help people in low and middle income countries to be richer if they invest in Bitcoin and don't lose their bitcoin through trading. To succeed in investment, they must hold their bitcoin and it brings two benefits: avoid losing bitcoin by trading in spot or margin or futures; reduce waste of bitcoin for transaction fee if they move bitcoin to exchange, back to own wallet many times. Currently, Bitcoin fees, although low, pay more hidden fees due to lack of adoption.
One of hidden fee is Withdrawal fee. Centralized exchanges charge very high Withdrawal fee and they don't say but they include like their business operation cost, wallet security and maintenance cost to user withdrawal fee. They do batch payment for many users' withdrawals but charge a same high withdrawal fee on every user in that batch payment. |
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Back then, other people always bragged or flexed about their crypto wallet but they had no knowledge of keeping their identity hidden so when the criminals could reach them easily, they were kidnapped or forced to send their bitcoins to the attacker's wallet address. You can search on the internet, I remember there is a site that listed every incidence related to this matter in the last 10 years and they were accurate. When you read that news, you won't be bragging about your crypto ever again because of how it ends up for the victims.
If they are rich and want to show it, let them be because they need to flex their rich to satisfy their high ego. I feel ridiculous if those people flex their wallets, successful trading are not rich as what they want to show to the public eyes. I believe there are people like this and they even take more risk and might have to pay their life as cost for flexing. People are flexing are like recently get rich as people who are rich a long time usually don't have to flex their rich. They even try to live a hidden life and don't want to see their privacy is broken by the public eyes. Privacy will become their higher priority than flexing it on social media. |
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Any positive news is used to pump coins by those who bought coins at the lowest price and this is no exception for FTT coins. And it is obvious that a large number of coins were bought at a price equal to $ 1, which will definitely be distributed among those who are eager to get a profit at a high price, after which a dump will follow.
Distributions by whales will be done slowly and it takes them time like months to complete their distribution. It's hard to realize when they complete their distributions but when it was done, it's time for bear that takes a long time before a new bull run game will be played. Accumulation will not be completed shortly after distribution completion so if we join it too soon, we will waste our time when game won't be immediately kicked off by whales. By this logic, if anyone got profit with FTT token, it's time to cash out, buy Bitcoin and don't touch this token again in next 3 to 6 months. I would like to wait for 6 months before looking at FTT token again. |
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When trust of customers, investors is broken, your business reputation is damaged and nearly can not get it back 100%.
FTX went bankruptcy because of their CEO's fraudulent activities to use customers money without permissions and without any report to FTX customers transparently about shady activities.
Changpeng Zao with his tweets can trigger a death spiral of FTX and months later, many people lost money, lost their life because SBF, FTX and FTT token can not fully recover or become solvency again.
If victims are struggling to return to normal life, how FTX exchange can become solvency again?
It is a fake pump games to dump FTT token on greed speculators.
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Would it be a satisfactory quantity if I had 0.1?
They created Ordinals, Inscriptions to steal bitcoins from community. It is fair enough to assume they don't have much bitcoins that is their root causes to innovate Inscriptions as their tool to get bitcoins. If you want bitcoin, buy bitcoin and you don't have to buy inscriptions with hope that those newborn tokens will have bigger values in future and can help you rich, have more bitcoin. It is like people believe their initial investments in ICOs, NFTs will help them become billionaires or millionaires. How many people actually got richer through NFTs? I believe the majority lost money with NFTs and ended their investments with useless NFTs that even can not be sold to buyers. |
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It is definitely a good "understanding" of what they are, but that is not always the case. Fundamentals basically tells you if what you are investing is a decent thing that you should invest or not, and TA tells you when you should buy or sell.
Applying Technical Analysis after using Fundamental Analysis to find good entries is headache. You never can find correct bottom or top so if you apply Technical analysis for your investment, not trading, because you already used Fundamental Analysis as your first step, is not needed. An investor can simply use Dollar Cost Averaging and reduce stress, avoid headache by timing the market and finding bottom or top. Costavg.com (Cryptocurrency Dollar Cost Averaging) for Bitcoin, Ethereum, Litecoin, Monero, Cardano. |
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What's the differences between bitcoin core and bitcoin wallet?
Bitcoin Core is one of Bitcoin wallet softwares, it's not the only wallet software to store bitcoin or to run a Bitcoin node. But it is a most famous Bitcoin wallet software and a most trusted one to run a Bitcoin full node. I always thought bitcoin core was a wallet, but in order to run it, you'd have to download the blockchain data, which would require some things, as stated in my previous thread, but while reading through "learnmeabitcoin" they kept using "bitcoin core" and "wallet" in a way that makes them look completely different. Or are they using the term "wallet" to refer to "SPV" in this context?
SPV is for Simple Payment Verification and I think you can guess role and feature of SPV wallet software. You can read an example with Electrum wallet. https://electrum.readthedocs.io/en/latest/spv.htmlDownload Bitcoin Core from https://bitcoincore.org/en/download/Verify the wallet and set up your full node with Bitcoin Core. [Guide] How to run a Bitcoin Core full node for under 50 bucks!If you are still unclear about Bitcoin Full Node and Wallet softwares to run a full node, you can read this topic Cryptocurrency Client Categorization (Full node, Pruned node, SPV node,...) |
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Those NFTs from Ordinals, Inscriptions can become useless soon and they will not worth any thing. Small inputs can be consolidated but it will cost you on-chain transaction fee. The more inputs you want to consolidate, bigger size for that consolidation then higher transaction fee for it. I don't see it is like burning any satoshi but it is kind of wasting money without good awareness. It's issue of Ordinal fans, not me or you if we don't engage in Inscription FOMO wave. Fortunately, if they lose those satoshis, it is like donation to us like Satoshi Nakamoto wrote about that. Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
Think it simply like this and you will feel happy. |
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Bitcoin's transaction fees have changed. Bitcoin promised financial freedom and unrestricted commerce. Bitcoin's essence looks eroded by high transaction prices caused by network congestion.
Blocks are found like normal, average time is about 10 minutes. https://bitinfocharts.com/comparison/bitcoin-confirmationtime.html#3yNo sudden spike of block time and I disagree to call that Bitcoin has a network congestion. There are more transactions waiting in mempools and Ordinals trigger transaction fee race that make transaction fee more expensive than before February 2023, when there is no Ordinals, Inscriptions. I see this expensive transaction fee time is not good for everyone but if we can wait, we can have confirmed transactions with lower fee rates because hype, FOMO can not last forever. |
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Whether a trading method is bad or not depends on how you utilize every opportunity given.
When you say it's bad then you can't master it well.
With a trader, protecting initial capital is most important then a little bit less important is profit. If you don't get profit from a trade, it's fine, the market will give you many opportunities to gain profit. If you can not protect your initial capital, you are done, your trading career is over when you lose all capital. Hence it is good if any strategy works for a trader to protect capital or best gain trading profit. To reduce losses, you should study harder, use a strategy that suits you, and make sure to follow the market trend well.
Learning about technical indicators, trading strategies are good but a trader must learn about psychology of the market too. Control emotion and psychology are more important than mastering technical indicators, trading strategies. You can not use them well if you can not control yourself. |
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How to guarantee deals and transactions in BTC BTC world?
Suppose one is about to sale something valuable. Be it a property or labor expenses.
What measures and steps to be taken to make sure transaction won't stuck in the MemPool and all participants are honestly performing their duties?
Depends on value of your property for sale, the trading deal that you want to complete through Bitcoin blockchain, you can accept the payment after a Bitcoin transaction gets 1 confirmation, 3 confirmations, 6 confirmations or more. Cost to make 51% attack will increase with more Bitcoin confirmations and the more confirmations one transaction has, a less likely it will be reverted by 51% attack. How many Bitcoin confirmations is enough?1 confirmation: sufficient for small payments less than $1,000.
3 confirmations: for payments $1,000 - $10,000. Most exchanges require 3 confirmations for deposits.
6 confirmations: good for large payments between $10,000 - $1,000,000. Six is standard for most transactions to be considered secure.
10 confirmations: suggested for large payments greater than $1,000,000.
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