No Gemini? Maybe the volume isn't too hot much of time but it's probably the best funded, most regulated and you rarely hear complaints about it. Maybe that's because no one uses it.
If I were to buy or sell large amounts of BTC I wouldn't go anywhere near the main exchanges.
I was going to mention Gemini too. It's one of the few regulated exchanges, and if the big boys ever get into bitcoin, they'll use Gemini over the other exchanges simply because it's not a fly-by-night operation. |
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https://news.bitcoin.com/overstock-now-accepts-various-altcoins-for-payment/Overstock just became the first major retailer to accept bitcoin cash and altcoins at the point of sale for payment. They announced a partnership with Shapeshift.io to streamline the process. Now Overstock customers can transact via Shapeshift’s native API easily using Bitcoin Cash, Monero, Litecoin, Ethereum, and more.
Overstock’s press release provides instructions on how to use the service. The post read, “During checkout, customers will select their preferred cryptocurrency and submit the order before being prompted to transfer the coins, just as they would with any other digital wallet transaction. Overstock will then utilize ShapeShift to convert the cryptocurrencies to bitcoin.” My advice is - use this service so that your preferred coin gains some real life activity. Chances are that if one or more coins are used more than bitcoin for purchases (to reduce fees), Overstock will publicise it.
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It will increase in value IF it is used to move money. If not, then the price will languish. It's early days at the moment. Bitcoin's real threat is Ethereum. Looking at the following chart comparing bitcoin and ethereum transactions, bitcoin has fallen back and more transactions are occuring on the ethereum network: https://bitinfocharts.com/comparison/transactions-btc-eth.htmlEther is the red line and btc is the blue line - see how the blue line drops sharply and the red line rises. |
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Do you think bch is here to stay ? I mean, do you think it eventually could reach parity with bitcoin or just do like Ethereum / Ethereum classic ?
IT is totally confusing
The fees are much lower, which means it is less expensive to move money. For that reason, it's here to stay. |
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I found the following article that gives the rules on withdrawals: https://support.bittrex.com/hc/en-us/articles/231701788Withdraw Limits
If your password has been changed, you cannot make a withdrawal for 24 hours
If your account does not have 2FA, you are limited to withdrawing up to 1 BTC (or equivalent) per day
If you have an account created after October 30th, 2016, your withdrawal limits are:
Unverified Accounts created before 08/01/17: 0.025 BTC (or equivalent) per day
Unverified Accounts created on or after 08/01/17: 0 BTC (or equivalent) per day
Basic Accounts: 3 BTC (or equivalent) per day with two-factor enabled.
Enhanced Accounts: 100 (or equivalent) BTC per day with two-factor enabled So I'm guessing you have an unverified account that was created after October 2016. |
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To all "Unverified" users on Bittrex (like me)
Caution is advised with Bittrex.
Bittrex dropped the withdrawal limit from 1 BTC to 0.025 BTC without prior notice.
Interesting. I wonder if it is because they have had an influx on new accounts and are worried about money laundering. |
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I've got a dossier for my spouse with all the keys to the wallets in the event of death.
Everyone should do this - death happens to us all, so be prepared, and make arrangements, you don't want your hard earn coins to be lost forever.
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The big block vision is one where blocks become so huge that only a few datacenters will be able to operate nodes, leading to a centralization level akin to PayPal and credit cards.
Yes a scary vision. But its that or offchain solutions enabled by segwit and Lightning Networks, also cancer. What to do? Use alts to move money around? The fact is, there are now loads and loads of alt blockchains that work, so no need to pay high fees to move money anymore, unless the customer chooses to of course. |
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Lots of Altcoins that deal on Biometrics and digital identification are Springing up everywhere, I keep wondering how safe they are. Can they be hacked by anyone or the government and the owners identities known?
From Article of an Altcoin called Antshares:
"For digital identities on blockchains to have rights, they need to be legally authenticated. The most widely accepted digital identity system is based on the PKI (Public Key Infrastructure) X.509 standard. We will implement a hybrid trust mechanism supporting X.509 + Web of Trust. Our verification of identity when issuing or using digital identities includes the use of facial features, fingerprint, voice, SMS and other multi-factor authentication methods. "
The answer is Yes. Especially if you have uploaded a photo. Facial recognition software is good enough now to be able to match it to photos online, especially photos uploaded to Facebook, which of course will have you name, date of birth, where you went to school and everything else. Be careful about sharing biometric data. |
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Litecoin is already well adopted and often used instead of bitcoin for the transfer of money due to its speed, it is also fairly stable relative to some cryptos. Litecoin has technologies such as Lightning that Bitcoin cash does and will not have. IMO Bitcoin cash has got some catching up to do if it wants to challenge litecoin.
It really isn't. See the following: https://bitinfocharts.com/comparison/litecoin-transactions.htmlIt's only managing about 19,000 transactions in a 24 hour period. Coins like Ethereum have surpassed bitcoin with over 312,000 transactions, and even ethereum classic managed about 36,000 transactions. |
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It dumped on August 2nd, went as low as 0.06 btc. But it's bounced since then.
I'm hoping BCC is successful - the fees on bitcoin have become ridiculous and I hope people start using BCC to move money.
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Well write to your congressman about it. And take heart that during the Trump presidency, pretty much NOTHING will get through Congress, meaning people will be saved by inertia. |
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3% is quite a good rate. The lending rates have collapsed since people started to move away from the exchange (and hence do less margin trading). |
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Many people underestimate bitcoin, only $3500 and it need another year? Bitcoin will reach $4000 and even over $5000 in this year due to segwit will be activated and solve the major scale problems. The all time high is $3400, and I guess it will reach $3500 today. There are several reasons why bitcoin could reach those prices, and the most reasonable is bitcoin being used as a currency, just like any other fiat currencies even though it need more time to achieve that. Next year, I would like to see bitcoin reach $10,000.
I don't think people are underestimating bitcoin - they're just nervous that it's gone up so fast. At some point profits will be taken and it will pull back. |
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It is hard to measure real worth of bitcoin without adding speculations to calculation.
It is actually overvalued, not under, yeah. But lots and lots of people think bitcoin as one of the most profitable tools in economy and easiest way of money transfer.
I agree with this. It's over valued. It hasn't managed to do more than 250,000 transactions a day, and with all the fees, no-one is using it in the real world. |
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I did sell on HitBTC, but this was because at that time it was one of the very few exchanges that did accept BCH deposites. No AML/KYC crap, just mail addres and password and you're good to go. That said, I'd imagine that right now there are more exchanges out there that accept BCH deposits and some of them might have similar verification requirements and better exchange rates.
HitBTC is a sweet little exchange, and it's a shame more people don't use it. |
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https://www.coindesk.com/bitcoin-exchange-unocoin-repay-users-account-thefts/Users of Unocoin reported that their funds had been stolen over the weekend, prompting the India-based bitcoin exchange to temporarily close and begin issuing reimbursements.
The scope of the thefts – constituting transactions of 0.25 BTC (about $840 at current prices) from an undisclosed number of accounts – is not yet immediately known. The startup – which operates both an exchange service as well as a hosted wallet – indicated in a blog post published earlier today that the incident only a small subset of its customers base.
That said, Unocoin accepted the blame for the thefts and said that it would refund the affected users.
The startup explained:
"Due to our security protocol, just after a few transactions our server identified the pattern and stopped the subsequent transactions by marking it as pending. We are now working on cancelling the pending transactions to users. Unocoin has taken the responsibility to refund the few transactions that happened to get processed."
Unocoin suspended logins in light of the incident, though signs on social media indicate that access is being returned to at least some users. In the past couple of hours, several customers have reported on Twitter that their funds had already been given back to them.
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No you can't because blockchain.info don't share private key of your bitcoin address with you, you should had move those bitcoin from blockchain wallet to paper wallet or bittrex before 1st august.
However if you are holding those bitcoin in your imported bitcoin address in blockchain.info wallet than you should import private key of that address in Bitcoincash supporting wallet.
if I am send my bitcoin from blockchain.info to other wallet that support for Bitcoin Cash (like Bittrex maybe) now (after all clear from split), will I receive balance Bitcoin Cash in Bittrex? If you sent your coins to Bittrex before August 1st, then yes, you would have received bitcoincash. But now it's too late, the fork has happened. |
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You'd be better off mining something with low difficulty like bitcoin cash, or one of the alts.
It's no longer possible for lay people to mine bitcoin, that is now in the hands of multimillion dollar companies, and the hashrate they deploy is formidable, and it's impossble to compete with them.
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