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341  Alternate cryptocurrencies / Altcoin Discussion / Re: Fast food restaurants accepting crypto as payment method? on: November 01, 2020, 10:02:39 AM

Confirmation time also a big concern when it comes to payment and few restaurant accepted cryptos in the past now stopped ot due to high volatility and long time to wait for the funds to receive into your wallet.

But in future things may get changed, so everyone will start to accept cryptos until that we as a community should try for this to happen.

We should admit that bitcoin isn't a convenient payment method, too much hassle to use it without a third party like Bitpay which automatically converts crypto into fiat currency.
Because it's not just the price volatility, high fees and confirmation time are two things to consider before using it as a direct payment method without a third party.
Some altcoins are better due to instant confirmation and low fees.
342  Bitcoin / Press / Re: [2020-10-30] Bitcoin transaction fees jump by 570% over 12 days on: November 01, 2020, 06:47:23 AM
and bitcoin not yet surpass $14K, imagine if the rally could reach over $15K, how much fees do we have to pay then?
Currently, total mempool transactions are 62,993 (continue to increase every second) and the fastest fee is 344 satoshis/byte.
It reminds me of unconfirmed transactions over 155,000 in May 2017 with fees over BTC85 waiting to be confirmed, are we heading to the same path again?
Makes me wonder about segwit and LN.
343  Economy / Speculation / Re: Bitcoin breached $14k today on: November 01, 2020, 04:13:03 AM
Just a few hours ago, Bitcoin breached the long awaited $14k checkpoint.

Long did the analysts and evangelists preached about this milestone.
$14 000 is finally upon us. Are we ready to handle it? Is Bitcoin primed to unleash its might upon us?
We are not ready to handle the new $14,000 price range milestones because the Bitcoin transaction network confirmation delay with mempool flooding could be the reason for this current surge in price and we cant know if we are ready until the transaction confirmation delay is under control which will give chance for some arbitrage trader, whales etc to dump/manipulate the market.

That is one of the biggest downsides of bitcoin, too many queues on mempool makes transaction confirmed longer even could take days or pay a higher fee to get it confirmed faster. Currently, the fastest transaction fee is 350 satoshis/byte to get confirmed in less than 20 minutes and you can pay fees of 172 sat/byte to get confirmed within 1 hour.
Nevertheless, bitcoin price manages to reach $14K although it jus a blink of an eye moment, now bitcoin easily maintains the support level at $13,600. Wait for 24 hours, whether bitcoin can hold its position or take a brief dip to $13,200 resistance level.
344  Economy / Web Wallets / Re: Exaggerated Fee on blockchain ($134) on: October 31, 2020, 07:30:58 PM
Since august blockchain network fee increase prices faster but I have an unusual situation, today I try to send BTC to another wallet and Fee is $134 (0.0101384) or 240 satochis aprox. I'm very disappointed with this situation because obviously, I can't move my BTC out of blockchain with this absurd fee.
Someone know why I have this problem and how I can fix, thank u!


When bitcoin prices arise and many transactions waiting on the mempool, higher fees are unavoidable.
What kind of wallet do you use? Obviously, you need to change your wallet which allows you to customize the fee and using segwit address will be better because you can lower the suggested fee by 40%. Currently, the fastest estimated fee is 322 satoshis/byte but if you manage to adjust the fee to 155 sat/vB, it will be confirmed within 6 hours, if you're willing to wait.
345  Bitcoin / Bitcoin Discussion / Re: Bitcoin isn't money and that isn't bad! on: October 31, 2020, 04:12:14 PM
Actually, Bitcoin is money. There are too many people who think it should have a system like fiat to call it as money. But it doesn't work like that. The meaning of money in short is  "a medium of exchange". So, a currency that is a medium of exchange can be accepted as money. 

Perhaps a "digital money". Who said we can't spend bitcoin like money does? We definitely can. The only difference fiat money and bitcoin are facing is that fiat money has physical existence while bitcoin doesn't have. If money can be used to pay bills, pizza, etc. Bitcoin can also do the same through crypto local wallets.

It was also alternative paymeny method next to fiat money.
And according to Forbes,
Quote
Apparently, money is:

-A means of exchange
-A store of wealth
-A unit of account

And bitcoin does this all characteristics, too, isn't?

We can argue what is the definition of money or currency. But we agreed that bitcoin can be used as a medium of exchange,  then it's a money. Whatever that can be used and agreed by both parties as a medium of exchange, just like bitcoin being used as a means of payment across the world or at least by people in this forum or citizens in Japan to buy goods or pay the bills. One thing that bitcoin need is more countries stated  bitcoin accepted as means of payment,  bitcoin is one step further after PayPal enable users to spend bitcoin on 26Million merchants.
346  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not needed but only for investment purposes on: October 31, 2020, 11:29:35 AM
~
I can see that there is a possibility that it will continue to grow and tha will help exisiting bitcoin holders to earn in it while others that are new could lose in their investment. This is one that bitcoin beimg featured and if you are a common user probably does not like to hold bitcoins or earn in this process. You could feel guilt about it when you think that others are investing it probably they are desperate to earn because they just being always told that bitcoin will going to continue the rise of bitcoin market price. This promise could deceive especially the new one like me.

This is why I would like to know your reply if it is alright to earn profit with bitcoin coming from the new investors of bitcoin? The existing bitcoin holders bought bitcoin cheaper than the new investors that they can get bitcoin at higher price as of the moment.

What do you think?

That might be true, people who treat bitcoin as an investment may just want to make a profit in the end, they buy bitcoin at a cheaper price and hoping to sell it at higher price.
Whoever bought bitcoin in the early adoption will be rich if they are holding it for years, you can call it the privilege for early adopters, we can't argue or excoriate about that, as they believe in bitcoin from the beginning. However, whatever your purpose involved in bitcoin, what matters is the main purpose of bitcoin as peer-to-peer electronic cash system.
347  Economy / Speculation / Re: Bitcoin Stays Above USD 13,000, Altcoins Take Hit on: October 31, 2020, 03:16:32 AM
A strong support is needed and then we will be able to see bitcoin in a well shape. I think bitcoin will hit $15k-$16k at the end of this year. As most of the altcoins are depending on the price of btc, we should support bitcoin to increase its price. Then market will green again.

Bitcoin resilient to holds the support above $13,200 for 24 hours makes it back to uptrend, testing $13,500 support and trying to break the resistance at $13,900.
Let's see what will happen in 24 hours if bitcoin manages to surpass $13,900 then the odds of hitting $ 15K-16K by the end of this year are more likely.

After bitcoin rally to $13,850, a correction is a normal thing in this market, bitcoin persist in a healthy bull market
Bitcoin price needs to hold the support at 13,200 for 24 h to continue the uptrend. The market sentiment still in the buy position.
348  Alternate cryptocurrencies / Altcoin Discussion / Re: BTC trading pair or USDT trading pair? on: October 31, 2020, 02:16:43 AM
I will prefer to use USDT rather than bitcoin as a pair because i wanna get stability on my trade. I don't need feel worry my profit to be affected caused by the volatility that happaned with bitcoin.
Bitcoin's price can change in any seconds, that brings more possibility for my profit to be affected by the bitcoin's volatility.
It's also easy for me to determine which price that i should use it to enter the market.

But at current bitcoin rate, it's more profitable to choose btc pair as its price trend to increase compared to altcoins which result in you being able to buy more coins.
if bitcoin price decline, then altcoins prices tend to decrease as well, in this case, you'll get more coins with USDT pairs
So which pair that I favor depending on the market condition and the current price of bitcoin and USDT, but mostly prefer bitcoin.
349  Economy / Economics / Re: The Real Situation :( on: October 30, 2020, 02:21:18 PM
You do not need panic about coronavirus every problem there must be a solution for all countries want to get out of this bad situation and most importantly everyone must cooperate to break the spread of this virus until a strong vaccine is found in the near future also the vaccine will soon be found by experts all needed  Time don't panic because if you are too panicked then it will become even worse.

This is not a good year for us due to the global pandemic, many people lost their job, but we have to make efforts to get through this problem.
Nevertheless, we should aware of the current conditions and the state of our country which is prone to crises if the government doesn't manage the financial affairs and monetary policy to strengthen economies and emerging markets. Take care of ourselves and keep striving for life.
350  Economy / Speculation / Re: Bitcoin Stays Above USD 13,000, Altcoins Take Hit on: October 30, 2020, 10:57:09 AM
After bitcoin rally to $13,850, a correction is a normal thing in this market, bitcoin persist in a healthy bull market
Bitcoin price needs to hold the support at 13,200 for 24 h to continue the uptrend. The market sentiment still in the buy position.
Meanwhile, altcoins seems to take a deeper dip although it wasn't following the recent bitcoin rally, probably traders cash out to buy the dip of bitcoin.
However, it's a good opportunity to buy more altcoins in case of the next uptrend.



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351  Bitcoin / Bitcoin Discussion / Re: Warren thoughts on Bitcoin on: October 30, 2020, 05:06:36 AM
Quite reasonable. most likely he has bought and collected bitcoins but not directly. it's young people in his investment company. Given that Buffett has sold his stake in several banks and then bought gold. It could be, he also bought bitcoins secretly.

it's like a conspiracy  Cheesy Cheesy

Warren Buffet has never been a fan of gold, he doesn't like gold as an investment, preferred to buy shares of a profitable company.
Because he thought that gold is lack of utility, requires storage space and security fees which isn't a productive asset.
Note it; Warren's company Berkshire bought roughly 20.92-million-share purchase of gold-mining stock Barrick Gold, he bought the share of a company, not the gold.
352  Economy / Economics / Re: PayPal to allow cryptocurrency buying, selling and shopping on its network on: October 29, 2020, 04:19:02 PM
I'm wondering if Paypal's board finally realized they had to do something to keep Paypal and Venmo relevant in the face of Square and Cash App's impressive growth. Maybe this is less about earnings and more about......not being left behind.
Exactly, it mostly works that way: remember the blockchain technology hype? Most companies started investing without having an idea of what could have they done with blockchain technology. To avoid investing in bitcoin that early they had to invest in something that could have been presented to their investors without scaring them.
The world changed so much since 2015! Eventually they realized that they could have been left behind and now they flock into bitcoin. Hilarious.

For a company, it should be about earnings, if the world transition moving toward cryptocurrency, they have to adopt it as well to ensure continuity of profit in the future, just like auto companies transition from internal combustion to the electric vehicle. At least PayPal will enable 300+ million users to spend cryptocurrency at its network of more than 26 million merchants, adoption enhances the utility of bitcoin as a medium of exchange.
353  Alternate cryptocurrencies / Altcoin Discussion / Re: I believe this is the way on: October 29, 2020, 01:44:12 PM
We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about

Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, ~

Holding BTC1 for ten years, definitely will multiply more than 100x, bitcoin 10 years ago was only $0.125 and now $13,100 multiply more than 100,000x. How about in 2030? Some predictions said it probably worth more than $500,000.
Not every coins worthy to hold for a long time, some are object for trading and manipulation, preferably to buy and trade some major coins like btc, eth, ltc.
354  Economy / Speculation / Re: Predict the bitcoin price range as we enter the New Year on: October 29, 2020, 11:54:09 AM
My $12,001 - $14,000 might be looking a bit conservative right now. Sentiment has totally flipped bullish, it could be a fair bit higher (I certainly hope so).

Considering the current moving average of the bitcoin market, recent news from PayPal and many institutional investors purchasing bitcoin, lead the current price to over $13,000. Calculating the trend direction, possibly to reach $15K by the end of the year, probably within $14,800 - $15,000. a lot of things can happen in 2 months as we know bitcoin price 2 months ago was $11,500, an increase of 12%, the price of bitcoin in 100 days increase 40.54%, and 200 days increase 56.6%


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355  Economy / Trading Discussion / Re: Rather learn to trade by yourself on: October 29, 2020, 09:52:31 AM
Best is to learn the exact process or strategy, and trade for yourself, than give your money to someone to trade for you in a very high volatile market

There are copytrading nowadays where you automatically copy positions managed by someone. If they win then you win the trade too, if you lose then you lose profit. For people like me who is really not suited for trading, this is perfect for us who wants to earn more income. I've already tried studying how to trade but what I'm finding hard is how to control my emotions properly.

it contradicts with learning by yourself and riskier to lose capital because there are a few hidden pitfalls
- you don't know whether the person being followed is really capable and there is no guarantee to gain profit.
- you have to pay the fees, a percentage from the winnings (E.g. 25%), a monthly subscription fee, or a high withdrawal fee. check it out before deposit.
- minimum first-time deposit determined by the platform, considering 'the fees' mentioned above, your capital already reduced.
- there is a limit for copy traders how much you can bet and the permissible percentage of the amount that can be invested in one trading activity, as specified in the platform's policies.
That's why learning the concept of trading makes you understand the theory behind the strategy which makes money, there are no fees to pay and you can decide how much you want to place a trade. Just learn the strategy, concept, risk management, and money management.
356  Bitcoin / Bitcoin Discussion / Re: Warren thoughts on Bitcoin on: October 29, 2020, 02:31:38 AM
There are reasons why he doesn't like bitcoin and called it 'rat poison squared', he stated will never own bitcoin.
Even long before bitcoin, Warren doesn't like to buy Gold although it's a valuable asset, he repeatedly said would rather buy shares from good companies than invest in gold.
just as he doesn't like investing in gold, so does invest in bitcoin, because he considers it as unproductive assets nor produces anything which is an object for speculation and manipulation, 'a gambling device' he said.
357  Alternate cryptocurrencies / Altcoin Discussion / Re: AIRDROPS ARE NO LONGER VIABLE on: October 28, 2020, 02:47:26 PM
why can you say that? From my point of view now Airdrop is more valuable, did you miss the airdrop from UNI? and other Defi tokens? It is very unfortunate, now there are many airdrops from the Defi project, but indeed many are scams, you can follow all the airdrops, and wait for distribution,
all the information is on telegram, there are many channels about the latest airdrop.

Because too many scam projects in the name of airdrops, like Op said; luring people to contribute fulfilling their terms and condition to get free tokens but in the end, it is a scam or worthless compared to time and effort from participants. indeed, there are some valuable projects but the main problem is to distinguish between a good project and a scam one. Here a way to learn more about a scam or fake project > 🌍 Guidelines, how to spot a scam ICO & report effectively. ✔ and 🌍[Guide] Prevent scam!!! Some useful tools for find scam / fake ICO team 🌍
However, after doing research and finding that a project is not a scam does not guarantee that a project will be successful in the future.
358  Economy / Trading Discussion / Re: Constructive Financial Advice Needed on: October 28, 2020, 12:36:43 PM
And that's why 1Bitcoin is a huge deal to me!
1 BTC to HODL till the next peak-near peak, and buying 2+BTC or more on Peak's correction which is around -80-90% as Data shows from previous 2 Peaks
So, I don't see my self 'retiring' even if I owned at the moment 1BTC, I wouldn't take cash profits to the extent of 100k-200k
but swing trading just 0.25BTC[three-four times per year] owning 2BTC after next peak, would give me what I need to settle down and still store most of my wealth on Bitcoin.
And this is not why I love Bitcoin for.
But trading a fraction of it and not gambling it [long-short and being a day trader] would be a 'work' for me being independent and taking care of others, not even bothering starting a company, a business or whatever. I'd be writing about Bitcoin, following news, looking how it moves n the charts. Live life, pursue what I like to find my passion, read and self educating my self.


So, your aim is collecting at least BTC1, sell it at the peak, waiting for the correction, then hopefully afford to buy BTC2?
What is your plan to get BTC1? by swing trading BTC0.25? I don't have BTC0.25, but I'm doing this with a small amount of capital (as much I can afford to lose) and could increase just a little bit of my bitcoins.
You can earn more bitcoin in this forum, fraction by fraction, just keep reading and learning more about bitcoin and the forum, get merit, improve your rank, as time goes on you will be able to register for a sig-camp with decent payment like $20-$60 a week. Don't be too rush, enjoy the process within 6 months - 1 year and you can accumulate BTC1 as the time goes on.

Let me tell you, there ever a contest, whoever wins it got BTC1, BTC0.2, and BTC0.1, just check this (https://bitcointalk.org/index.php?topic=5187691.0)
I'm not saying this is the best way to earn bitcoin, but an opportunity like this ever happened. Cheers up.
359  Bitcoin / Bitcoin Discussion / Re: Can Satoshi Nakamoto address us? on: October 28, 2020, 07:34:06 AM
~many have some technical questions to ask about bitcoin and need a response from the founder. ~

Bitcoin forum and developer community are more than enough to answer some technical questions about bitcoin, actually it might have been answered.

Quote
There are lots of criticism about bitcoin worldwide that only Satoshi can defend. Why is bitcoin anonymous and decentralized?
~
We need to know the future of bitcoin through his vision?

No need to counter all the criticism as it will always be there, endless. Many questions are better to remain unanswered, Satoshi had shared his vision about bitcoin as a new electronic cash system, peer-to-peer with no trusted third party.
360  Economy / Speculation / Re: The Big Short movie, BTC edition? on: October 28, 2020, 03:55:16 AM
You might be wrong in speculating that exchanges are completely insinuated if Tether collapses. Many of them depend on the liquidity to maintain their orderbooks. I would speculate that a liquidity crisis might force some exchanges to suspend and close their service.

Also, why would it depend if it is a bull or bear market? I would argue a Tether takedown would be the beginning of a new bear market.

Tether's credibility has been in doubt for years and has been encountered lawsuit, it is an unwise decision if the exchange's liquidity backed by USDT, they just list it for traders but hopefully don't hold it as a reserve.

"Kiana Shek, Digifinex’s co-founder, told CoinDesk she’d been “looking for ways to get rid of USDT” for months, adding, “I simply don’t believe in tether but I had no choice” but to list it.[1]

If Tether will be takedown, then every trader who holds it will suffer losses but won't affect the whole crypto market significantly to cause a new bear market.
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