If I get this correctly, it then means that I can just send my ltc to my btc wallet and it will appear as btc but at the currently prevailing rate which then means that there won't be any thing like mistakenly sending ltc to btc address? But the issue what will be the conversion rate?
Because at that point, LTC's acceptance/utility would be exactly the same as Bitcoin, actually it might be better since LTC has faster blocks. So my logic says, LTC will achieve conversion rate of 25% of BTC at some point in the future. Also, once LTC utility become = BTC, LTC might become immensely popular with the general public as it won't be as expensive as Bitcoin to "buy 1 whole coin". it is hard to say, 25% of bitcoin price is nearly $1200 and i don't think litecoin is ready for it now. that would be a huge rise and the market of Litecoin still has the old pump and dump to it with the freaking Chinese right on top of it. maybe someday that happens too. but i wouldn't expect it so soon. this year we can easily expect prices around $300 with the way price has been staying up and have a solid rise afterwards.
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you can not stop people from forking bitcoin. they have been doing it for as long as bitcoin existed. coins like Litecoin were forked from bitcoin back in the early years (2009?). recently the forks changed shape and they are forking from bitcoin and take a snapshot of a block to do a free airdrop: bitcore (BTX).
now there is a new thing, when they fork from bitcoin and build on top of its last block: Bitcoin cash.
bitcoin is open source and there is nothing stopping them from doing any of this. the free market will eventually decide the value of each of these forks and their adoption. price: LTC=0.016, BTX=0.0005, BCH=0.12 usage: LTC=small, BTX=nothing, BCH=nothing
but none of this means the bitcoin total supply or its cap is changing. there is still going to be only 21 million BITCOIN. and billions and billions of other coins.
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You see, in the past a scam would never be profitable as it would have never gain traction and support of the community.
times change. shitcoins are not on the 2nd rank of coinmarketcap.com So, you think Litecoin is a scam? It is a clone of bitcoin, not even the first one.
no, i am just pointing out that coming up with guidelines like this is flawed. there are always exceptions to the rules. and in case of Litecoin, it is not scam, but at the same time it is not really doing anything special either. despite being profitable! Of course, everyone has their own guidelines, but a non-minable has nothing to give it value, with mining we have POW and this solo gives already value. What gives value to a non-minable shitcoin?
the value of a coin does not come from its mining. the value comes from its usage. if the coin has something to offer then it is valuable. of course it is debatable that what the coin offers is really useful or not, since none of the altcoins have yet gained any foothold in the real world! as an example of a non-minable coin i can name Byteball. it is not at all a shitcoin, it can not be mined, and it has one of the highest values (price).
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To those of you who own a lot of altcoins, do you all download a wallet specifically for that coin?
not for all of them. only a handful of altcoins. so far i have only 2 of them: Litecoin and Bytalall the rest of them i only keep for a short time and i want to dump them as fast as possible at the speed of light. so i keep them on exchanges and when i sell i withdraw the bitcoin which i gain and store that in my cold storage safely. I assume those of you that trade on bittrex don't need a wallet since you keep the coins on the exchange right? So for example if you have litecoin, lisk, etc... no wallet is necessary?
you should know that it is a risky move to hold anything on exchanges but it is sometimes necessary or more convenient that way. Now to those of you who keep coins in wallets, how do you make sure the wallet you download is safe etc?
install a virtual machine like VirtualBox, and install an OS there (whatever you like, Win7, Win10, Ubuntu,...) and then install the wallet inside that environment.
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I don't want to sound like Kwuckduck, but it's rising too much, too fast. $4800 looks great, $5000 and $8000 prognosis is wonderful. But sooner or later a correction has to come. And it will hurt. I don't know if this is going to happen before the SegWit2x schedule or later (next year?)... with some luck it will be as short as the pre-SegWit turmoil.
correction has been happening, it doesn't have to be dramatic and annihilate everyone on its path a correction can be smooth and small too, like what we have been seeing so far. the dips that were as big as 200-300 dollar were the corrections. the big "drop" will come though, before the S2X schedule. it is not going to be a correction, it will the FUD/drama dump because of SegWit2x upcoming war. because apparently the community can not reach consensus without a drama!
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Exactly they added alt coins like BURST so why can't they add BitcoinCash also? But adding Bitcoin CASH would be very easy for them, improved transaction fees and speed. Why not add it.
because it is not easy to just add a new coin. you need to start running the wallet, dedicate server resources, do security audits again, and a whole lot of headache to just run a new wallet for deposit/withdrawals. and people may not even start using it so all the effort will be useless. first there needs to be demand for it. also the transaction speed is not always fast. a couple of days ago there were only a couple of blocks in 1 day because of their EDA! and it will be repeated so many more times. Most likely the people who had BTC on Aug 1st would get creditted BCC and they would probably gamble it all away and Bitsler would keep the BCC anyways. Except they would keep it legally.
they are keeping it legally now too. it was clear that they won't support it and won't credit anyone from the start.
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A few triggers can help you:
1. It's an ICO? 100% scam 2. It's premined? 100% scam 3. It's not minable? 100% scam 4. It's a clone of another coin? 90% scam
Hope this helps and I also hope you guys have some brains to choose a few nice, fair, decentralized coin to invest your money and not all those shitcoins.
this is exactly the issue. you come up with some guidelines like this or anything similar then it becomes "just your opinion". for example i agree with 1 and 2 but not 3 and 4. a not-minable coin doesn't have to be scam. and a coin that is clone of another coin is 100% scam. and that is just an example. on top of it, i am only in it for the profit. a shitcoin can also give me profit. scam or not scam doesn't matter when they get pumped 300% in 2 days, it can give me the same amount of profit than any other altcoin can.
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On first page I read that there is 100% deposit bonus so how does this happens? There is said that deposit should confirm on this time: XX:XX:20 ? Has anyone received that bonus? Also as it was said, maybe there will be new withdraw system (we will pay fees ourself) so if it will be released, will it be in short time? What about to cover some percent of withdraw fee which will be depend on rank? Not a bad idea. i can not find this deposit bonus you are talking about but the withdrawal you are mentioning is not something that is planned! someone was complaining about his transaction taking long to confirm (because it was the peak of mempool and the hashrate went over to BCH for more than a day) so Baryom said they can change the system so all the fee is paid by the user. right now players pay a small portion of the fee and bitsler pays the bigger fee to get the high priority. and as of now, the fees are low again. and even the transactions with very low fees are being confirmed fast. for the past day the 20 s/B tx are being mined too.
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there is nothing called "bitcoin account". and the only news involving bitcoin and Russia was from a very unreliable source (a well-known clickbait news site) so it is probably not true. specially since Russian government has been so accepting lately towards bitcoin and their central bank has said they are thinking about regulating bitcoin like Japan.
and in case it were true, of course it wouldn't be without effects but the effects aren't going to be be much.
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this is great because litecoin really deserves the rise that it sees. most of the altcoins are worthless and their developers are a bunch of lazy uneducated people who only want more money. but with litecoin you can at least see the devs put some effort in improving the coin for real not just releasing useless stuff for attention. Litecoin and Ethereum, Monero and Dash, Doge and Btc. in the real world none of them are in use except Bitcoin which only a few thousands of Merchants are accepting it online,
it is a lot more than that for bitcoin. and also coins like litecoin always had some merchants, you can find them on their official website too. and with SegWit and lightning network and then the atomic swap this will only grow more. and Monero is like THE anon coin and it has its own usages in the real world even if they are mostly in dark places of the internet
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what are the top 10 cryptocurrencies two follow up?
what exactly do you have in your head when you say "top"? is it market cap? then look at here www.coinmarketcap.combut i warn you that market cap is a useless measure for cryptocurrencies and calling them "top" is it trading volume? then it changes every day, some altcoins are the focus of all the attention that particular day and get the highest volume of the day. these are the coins that are being pumped that day so they are the "top". check the exchanges and sort their list by volume and you can see the "top" 10. is it the most profitable? then most altcoins are viable options. but they are on top 10 for a short time and then drop out of the list to the end of the list at position 100000000! and each day a new coins that is being pumped becomes the top 10. is it technology? then you have to get deeper in their code and paper and try out their platforms. my rank is this: bitcoin, Monero, GBYTE and the rest are cheap rip offs or waste of time.
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breaking the previous ATH was a very good sign in my opinion. i actually was expecting some trouble breaking it and was expecting a longer period of accumulation below the previous ATH around the $4300 price. possibly another week even. but this new price changes shows that market is so much readier than before. there is a lot of money coming in from all around the world. i see people who has never heard of bitcoin are investing in it now.
and not to mention all the attention that bitcoin is getting in the media these days. everywhere you look there is an article talking about how well bitcoin has been performing and out it outpaced every other asset.
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use a website such as coinmarketcap.com and look at the markets that each altcoin has. if they had a altcoin versus fiat market then check out if the exchange that is offering it is trusted or not. if it was trustworthy then sign up there and easily trade with fiat and cash out.
if you coulnd't find a altcoin versus fiat market then find the next best thing: a altcoin versus bitcoin market. again check to see if the exchange is trusted and then sign up and sell for bitcoin and either keep bitcoin or sell bitcoin for fiat. there are a lot of ways to do that.
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Does BCH or BCC have an open source paper wallet creator like bitaddress.org of BTC?
You can try http://bccaddress.org/we have forked bitaddress to work as bitcoin cash paper wallet generator, try today. Thank you who exactly is this "we" you are talking about and why did you even fork bitaddress, there is nothing different between the private keys of bitcoin and bitcoin cash and as a result there was no need to change anything about it. the worst part of it is that you have placed an advertisement on top of the page!!! and also you didn't even change the link to the source code, it is still the same bitaddress.org source on github so the safe assumption here is that the link you posted here is malicious or with malicious intent and it is wise to stay away from it. and you say it is "paper wallet" but the paper which you need to print is still saying "bitcoin". what exactly did you change here
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this is one of those questions that you will only get the answer to only if you try it yourself!
trading with bitcoin: - you make the profit on your bitcoin and we all know bitcoin is rising so double profit! - when you deposit bitcoin it is easy, reliable, fast, moderately cheap in comparison. same with the withdrawal - when you deposit bitcoin you remain anonymous, you don't have to give your documentation and verify your identity. - the markets with bitcoin are always the most popular, everyone choose them because of the reasons i just said and that means more liquidity and less spread*
trading with fiat: - you make profit on your fiat! pointless! - when you deposit fiat, it is hard, takes a long time and the cost of it is always going to be very high. same with withdrawal of fiat. - depositing and withdrawing fiat requires you to verify your account, it is a time consuming act and invades your privacy. - the markets with fiat are usually less popular and that means less liquidity and a bigger spread*.
trading with other altcoins such as ether: - you make your profit on that altcoin! again pointless since most of them are dropping in long term. - deposits and withdrawals are easy and most of the times cheap (not ethereum) and most of the time reliable (again not ethereum) but deposits may take a much longer time than bitcoin deposits since exchanges require a lot more confirmation on all the altcoins (3 conf. in bitcoin is sometimes 20 in an altcoin) - as far as anonymity goes altcoins are same as bitcoin - the markets with alts/alts are the least popular of all and that means a lot less liquidity and huge spread*.
* spread by spread i mean for example if the asks end at 10 the bids start at 5 and there is no order in the middle of this
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Are we going to see another ATH soon? There seems to be some forces in the market that wants it to be so, but then again there's an opposite force trying to turn it into a double top. But the fact that most are skeptical makes me think it's a double top, but then again a huge surge up could cause FOMO and make it surge up even more. it is currently testing the ATH, and in my experience when things are like this we can't predict anything. i would wait and see if the ATH is broken, if price goes above that line then it will be (as you said) a FOMO and price will surge a lot higher and if not there will be another dip down to around $4000-$4100 again.
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However at $50 a transaction you limiting your user base, even at $2 a transaction roughly what it is now.....
you first need to clarify what these numbers mean. where do you get $50 from? are you speculating that on-chain transaction fees will be $50 or is it the cost of using Lightning Network? because neither of these sound real to me.
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hi guys, im kinda new in this crypto trading. so i want to know how much amount its really worthy for start daily trading? so if you may. share your opinion here. really apriciated it would be wrong of me to give you any numbers because one person's small amount may be too big for another and one person's big amount may be too small! you have to look at your pocket and see how much money you are willing to bring into trading and take the risks associated with that. you know the risks of making mistakes and losing money, the risk of the exchange running away and scam you, the risk of getting hacked and losing your money,... based on that you may deposit some amount you are willing to lose and start trading with that. if you are a beginner in trading then keep that amount as small as possible and then slowly increase it over time with your confidence growing.
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... Are you sure Bitcoin transaction is done on luck based?
to some extent yes, is is based on your luck. you may open bitcoinfees.21.co and see suggested fee is for example 300 satoshi/byte and pay that amount but then see 2 or 3 blocks being mined and none of them include your transaction. simply because there is a spam attack and there are a lot more 300 s/b and more in the mempool and on top of that these 2 or 3 blocks were mined by one of those miners who fill the blocks with their own crap. like what BitFury does with their Op_Retrun transactions which sometimes even takes half the block size.
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Litecoin has gone to $64 all the way from $5. Segwit helped it happen. Will things like support for lightning network significantly assist Bitcoin's price?
for most of the altcoins that activated SegWit (i believe there is at least half a dozen of them) it was just a temporary hype to pump the coin. they got pumped 200%-300% in less than a week and then they came back down to their previous old price. for litecoin things were different. price went up fast and just had a little drop of correction and in the end price stayed up. that is because litecoin has some usages and it has always moved with bitcoin. upwards. and with LN and the atomic swap i am expecting this to be even more noticeable. as for bitcoin, things are very different. SegWit for bitcoin was like a turning point where the old days of nonstop debate and war ended and there is no longer anything negative that can keep bitcoin back. with the negativity lifting slowly, the price will continue rising. and from now on we will just see good news after good news (with the exception of S2X) and that will only bring more rises.
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