Their card services are the most expensive I have seen. Why is that? Wouldn't a bank grade service be able to offer something more competitive? |
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As we all known, Bitmain and Roger Ver have decide to create their own altcoin in Aug 1st. I want to be ready, so I got all of my coins on my local wallet where I control everything. I run a Bitcoin Core full node with the latest version.
When the split happens, how do I guarantee that I don't lose my coins? My plan is to dump BCC for BTC in whatever exchange has the most liquidity. I will probably wait some hours for things to stabilize a bit and see how the market reacts, I also don't want to be the first sucker to test if this even works with their own bitcoin.
Anyway, how to do this safely knowing you aren't spending your legacy-chain coins?
This might be the biggest altcoin dump in history. It is going to be hilarious. Who in their right mind would hold BCC when they could dump it for BTC? Makes no sense to me. lmao Surely some parties are interested in BCC's longevity but wouldn't risk much to maintain it as the monetary incentives are huge. Even bitmain has announced to drop support for BCC if the community shifts away from it. |
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You could use the electrum fork for BCC and import keys as far as I am concerned. The link to the binaries or source is at BCC's website.
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I think that there is going g to be a strong resistance and initially incentives to push the price down . However, a recovery would be likely if speculators flow in the market but I would not bet on BCC's longevity.
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Here is a guide by Theymos: https://bitcointalk.org/index.php?topic=2012799.0You can see which wallet he recommends. I personally used Electrum. But Core is also a good alternative. By now everybody should have settled on what wallet to used. Barely 48 hours before the "feared" Aug 1 day. Electrum is good if you import the keys for the address. Core is good for allowing easy creation and export while offline. I think that this is a good last minute option. |
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It for sure is an altcoin but in my opinion no threat to bitcoin. The community might be dividend between economic and ideological incentives but in the end a fork could draw those unwilling to contribute out.
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We have seen it before so why not.
btc has no bottom when it comes to a debate
Bitcoin has become one of the strongest currencies, so its value is always maintained stable, without any agent that can make it go down suddenly, so we can not find See the bottom of bitcoin. The up and coming fork is a big risk for Bitcoin's value as abandonment could lead to a big drop on its price. But thankfully, at this point, it's not like his could happen from one moment to another instantly. There would be major signs before a big decline in price and traders would sury catch on to them. |
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With a potential Bitcoin fork in the horizon it would be especially risky to have any amount of money invested in mining Bitcoin right now as such investments can become far less profitable depending on the outcome of the fork. I'd just wait until some days after August one.
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This would be better developed in an altcoin or testnet other than into Bitcoin itself in my honest opinion. I believe that Bitcoin has reached far enough as is for there to be such fundamental changes.
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There sure as hell is a chance that governments would be able to get a hold of Bitcoin markets and restriction their activities, perhaps control a substantial part of the hashrate too. But either would just be too costly for little to no long term result. I don't think k that there be much point in even trying.
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As wallets are enabled again it seems like it's just extra precaution. In the end deposits will be processed as normal from what I seems so no worries.
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No it isn't we need fresh blood in crypto to get gainz. But after all this mess with segwit, normal ppl are scared
No such thing as fresh blood. People that joined in at the start of the rally are still in profit. Big investors like Rothschild are just now starting to get into assets like gbtc. |
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Even users withing those groups are losers many times. Only the admins making the calls can be sure when to sell and are the only ones with guaranteed profit but everyone else is subject to unlimited losses as a further correction could follow after the group pumps the price of a currency in an exchange.
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It seems like added value will be coming into bitcoin's blockchain in the end and this one is pushing users to start using wallets giving them full access to private keys even more. I like how it's starting with a different name and not outright being called "bitcoin" but such projects are quite divisive for the community in my opinion.
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I don't think that bitcoin is in any way undervalued at any time. It's strictly valued based on demand and speculation might be a driving force behind its moves but it's only the subjective interests of someone that'd make em say it's undervalued.
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I was one of the lucky ones to buy ETH in the ICO and mine early. Never would have throught that it would have skyrocketed the way it did. Thankfully, I was holding some just in case and the time I wated for proved worth it.  |
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Certainly not gone. Bittrex has a liability to honor your deposit and will probably do so soon. There might be some delay as they're now requiring more confirmations for transactions for security reasons but your money is most definitely not gone.
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What are the most inexpensive XBT, ETH, ETC, LTC wallets or marketplaces (Kraken, Poloniex) in terms of sending out fees from the wallet / service?
I understand that on most services you can set your own network fees, I am just looking for the most inexpensive way to send out different crypto from wallets. What are your suggestions?
Thank you.
Well poloniex is probably the cheapest right now. However i definitely wouldn't suggest using it because honestly it's quite shady how they are ignoring so many support tickets but at the same time having promises of speeding up that process in the future. If you're transacting with small amounts, i'd suggest using coinbase and go through their off-chain transfers. Completely free and instant. Obviously you are carrying a risk of coinbase closing down and suspending your account etc. but that is a small one, and plus you're dealing with small amounts anyways so it does not really matter. Thanks. Why would coinbase close my account for doing so? Is it against their TOS to do so? Regarding small amounts, I think we need to clarify what is small. So, I will probably send 4-5 XBT to this wallet in one transaction and maybe send out from wallet 20-30 smaller 0.2-0.4 XBT transactions every day. Would this be OK with coinbase? If not, what is the best wallet recommended for optimizing the send out fees? Off chain transactions in coinbase would mean coinbase to coinbase only. That's not that convenient as not everyone is using coinbase to accept BTC. Some stores do but they're very limited as coinbase isn't also the most convenient way for stores to accept BTC. |
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There has been quite a long history of projects that try to be breached out as "doublers" but in reality they are nothing more than ponzi schemes. You really should stay away from such schemes unless you're into taking extremely high risks with your coins. Better just gamble in a provably fair platform IMHO.
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I think that the recent dip wouldn't be much in comparison to what could happen if BIP91 failed and then the issue of SegWit and scaling is left onto the more aggressive (and potentially distractive thanks to its divisive nature) BIP 148.
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