the person who sent that transaction can only know the real answer to this question. but from what I have seen so far, the issue has always been with the wallet or any customized wallet they are using. it estimates fees wrong and includes a ridiculous fee like this.

and this possibility is the most possible! because if you go back to the previous outputs it spends, they are all including ridiculous fees.

I remember coinbase used to do this and lose a lot of money because of it.

SegWit was activated + spam attack stopped = no huge backlog = no competition for getting in blocks = low transaction fees

it shows that people who have invested in bitcoin don't care about these swings. they are holding their coins.
it is the traders who are already keeping their coins on exchanges (and of course a small number of others too) who are selling and buying back.

in the future please report fees in satoshi/Bytes which is more understandable .

edit:


between the highs in those months, is when everything is normal, no spam attack, no high fees and everything smooth.

there is a sub on reddit which I think was called /r/VPN which had a lot of good information. you should visit there. there is this site: https://thatoneprivacysite.net/ which I have also found it there which has an awesome spreadsheet (which used to be on google docs before but now moved to a standalone website) which compares a lot of VPN providers based on different criteria and ranks them. it also has other useful information in it. check out the "Detailed VPN Comparison" section. you can even download the .csv or .xlsx file on your computer.

I was sitting here thinking I should go to bitcointalk and seek out advice from someone who doesn't even have the guts to post from his main account and has to create a new throwaway just to make 1 and only 1 comment here.
now I am going to dump my coins because OP gave me a valuable advice on his throwaway account /s

that is what happens in my country and other countries! China was an exception to the rule and they just caught up to the rest of the world in regulating an online business to force them to get a license and then most probably force them to pay taxes. that is not really out of ordinary, and that is why I have been surprised for the big dip because of this non-news!

everything else in the world is heavily regulated and mostly licensed. there is no reason why a bitcoin exchange should be any different than the rest of them. and that is one of the main reasons Chinese closed these exchanges. and of course there is the issue of scam ICOs and some other money laundering concerns with them.

the dust is not completely settled but it was surely a very interesting period of time!
the FUD was even completely irrelevant to bitcoin and yet they dumped bitcoin price using it. and like always the number of "throwaway newbie accounts" went through the roof (it was the ATH of that ).

but the most interesting thing that I have found out this week was the fact that JP Morgan and other major banks in US have heavily invested in bitcoin. and possibly many other big players known in the economical world have done the same.

it depends on your strategy and how much risk you are willing to take. you can get some more money in and invest that too. or you can wait for the recovery of some of the things you invested in and dump them to buy some others that are performing better. or you can just hold those which you think will have a good recovery until they do and convert them all back to bitcoin.

as far as bitcoin drop goes I have bought some with the money I could afford to spare.
for altcoins I have been waiting for this drop to start investing in a couple. I actually prefer small number of coins instead of over-diversifying. I have already sold 1 of them because I didn't like the performance of it and added the funds to the others.

it is not at all easy. it just seems that way until you actually get your hands dirty and start trading for a while. and it is not good enough if you have made one or two good trades and were successful, you have to do it consistently and win majority of times in order to consider your strategy good and consider yourself a successful trader.
and in this case, the price is very volatile and it can go down as much as it can go up and you may lose money. at times like this I prefer selling while on top (meaning above $4200) and never sell after some point because it will be risky and buying at the bottom even if couldn't sell anything before.

just check the freaking volume man! the USD volume has always been the dominant one not the CNY volume and ever since early 2017 JPY market has been growing and it even were bigger than USD at some point and currently it is staying on top of the ranks.

besides the drop started on USD market not CNY which shows that the FUD started over there and then continued down the road. and for now Chinese are buying cheaper coins thanks to this FUD wave and OTC trading is once again increasing like back when they first closed Chinese exchange.

surely it will take time to recover from a FUD of this scale. and I seriously doubt it will take until the regulations, instead as soon as the Chinese exchanges close down and a couple of days go by, things will go back to normal and price will start recovering.
this is not the first time Chinese tried regulating exchanges with strict rules and closing them down for a couple of months. and again China never banned bitcoin and never even banned trading.

that is just their exchange service due to regulations which they have to legally close down the business to answer to the authorities for running a business without proper legal licenses.

besides ViaBTC exchange was mostly a joke created to promote certain bitcoin forks such as bitcoin unlimited and then bitcoin cash, as they were the first ones to add BCH to their exchange with no volume ever.

pretty soon the rest of topics we are seeing here will change subject to "I can't afford 1 whole bitcoin" when the FUD clears up and the recovery starts. in the long run when more people start understanding basics of supply and demand they will learn how 21 million is too small to even want to afford 1 while bitcoin and only early adopters like us who bought coins these days can own 1 whole bitcoin.

it is way too late to "sell" some. you would be selling at the bottom or even if by any chance there were more drop, it wouldn't be that big to give you any profit that warrants a sell at this point.

first of all China did NOT ban bitcoin. you are spreading FUD here with your comment.
and so far other government has been accepting bitcoin pretty nicely without any issues. and everyone is trying to regulate the big services that are handling large amounts of money (fiat) because you can not run any business without being regulated. that goes for any kind of business not just bitcoin related ones.

also the demand never decreased, it is constantly increasing. the only thing changes is the FUD and the panic that it is causing among the newbies who don't understand bitcoin. and that will be a short period of time.

I am with you on that 100% but the problem is that there was no back to have a forth! China never said they wanted to ban bitcoin! it is our awesome and 100% reliable "news" sites (which should be called shit-posted-sites instead) that filled the media with this nonsense!
all China ever said was that since ICOs are scammy and unregulated, they are not legal.
and then the follow up on the exchange regulation which has been going on from 2016 and yet people believe what a click-bait of a site tells them.

but we already had the corrections. many of them and big enough to be considered proper corrections and enough of them so that we can say it is NOT a bubble.

but I guess some people wanted a huge drop to be convinced it is not a bubble!

...or maybe they know more than you and I but they chose this strategy of going against bitcoin publicly at critical times so that they can short it when what they say causes a dip like this. it is a huge profit to do something like that and have that kind of effect.

I have been happy all week long.
whenever the FUD wave starts I am the happiest I can ever be. I have indeed Learned to Stop Worrying and Love FUD a long time ago.

FUD is not a curse, it is a blessing
that chart in the above link looks pretty ridiculous right now with the top of the price at $1200 at first and then barely $2000 and when I think back to all the times people said "it will fall more" when we were at the bottom of the dip I laugh.

there is nothing more encouraging than looking at the charts. open a bitcoin chart and then start panning to the left as much as the chart goes. look at each time price takes a dive. there has been someone like you who bought on top of that dip without exception, so many of them sold and never bought back, some sold and bought back again at the bottom, some held. I think you can guess who is the winner today.

here are some of the similar dips: https://bitcointalk.org/index.php?topic=1935374.0;all

it is called Vanity bitcoin address where you choose a set of starting characters (case sensitive) and then use the tool below to find an address that starts with it. the longer the prefix the harder it will be to find a real address to a point where it is usually 4-5 characters .
https://bitcointalk.org/index.php?topic=25804.0

I advise others to always invest in bitcoin only. I never bother them with altcoins to introduce them to them at all. it will only be confusing for them and will lead to more of their money lost. but bitcoin is the sure investment so far for the long term. so if I were you I would have suggested my friend to invest 100% in bitcoin for now.

if you want to introduce them to altcoins do it as a future project after they are introduced to bitcoin and are involved. then you should warn them that altcoins are good performers in short term only and in long term they are not very well liked.

if I got paid $10 worth of bitcoin each time someone calls bitcoin a bubble, dead, dying,... then I would have been richer than Bill Gates by now.


he does. he truly does. it would be idiotic for these people not to have any investment in bitcoin. all of them know how powerful bitcoin is and they are well aware of its future, that is why they are attacking it in first place but they also know that their attacks can only slow down the process so they buy cheap, spread FUD then short, then buy at the bottom,... rinse and repeat to become a big shareholder in bitcoin.

in a couple of years when price is over $100,000 it is revealed that JP Morgan owns 1000BTC+