I knew it ! Japanese finally had their effect on the whole world and their stance against bitcoin. the first one which was huge in my opinion was Russia, they stopped treating bitcoin as "something we may call illegal soon" and started "we may call it legal".

the next was the European countries which had some chatter about legalizing bitcoin as a currency like Japan.

and now this. if this is accepted then I am sure many more countries will follow. we have to fasten our seatbelts because this year the final price may surprise all of us.

essentially all you can do with a bot can be done manually too. these bots are used to make things easier and also faster not many are designed for automation, apart from things such as using them to do some stop loss trades for you. although there are some that do more than just simple functions but they are going to be expensive.
so the question is how much do you earn from trading, if it is high enough, then investing some of it to buy a good trading bot can be plausible.

no, that was all the bitcoin's that I had on one small exchange that I don't even recall its name now. I think they closed down because nobody used them anyways. and I just withdrew this amount that I had there to play around with.

I could share some bigger transactions that I had but I though small ones such as 7 bucks had a better message in it.

following what other people say is never a good idea, specially what they say on a forum online, double specially when it comes to matters involving money.
not saying everyone is out there to spread false information to benefit their own pockets but saying many can be wrong no matter how good you think they are. try to just take what others say as advice then process it yourself. and I say process not act on it.

it is interesting that whenever bitcoin price rises, everyone comes out and start making these speculations, and most of these news comes from people whom we never heard of before, or they never made any statement about bitcoin.
I say these kind of speculation are only good if they did it back when price was low. for example when price took a dive down to $900 from $1200. not when it is showing all signs of rise.

and what's up with these short term huge price rise kind of deals! $2400 rise in a few months!! c'mon!

10% is a big profit annually and only found in countries which have a very high inflation rate (as far as I know). your calculations are not wrong but they are just not accurate.

for example the banks where I live calculate the profit daily, they pay the profit monthly though. and for that your calculation would be a little bit off. the total after 3 yeas would be $10.10 exactly if you use the daily method. the formula for it can be found in Microsoft Excel if you are interested.

I don't know if you realize this but I have been around long enough to see all the same arguments be repeated by different people at the similar times in history about different or similar coins and they are always the same.
and the future of all these arguments always end up the same.

you see history loves repeating itself.

I did some quick and dirty screenshots of this "history" and drop percentages are calculated based on the top of each bubble and the bottom of the price when they burst each time. mostly taking a long time to reach the bottom as these coins have a "big market cap"





and none of these are a one time thing. they have all been repeated multiple times. I just showed one of them that I could find quickly without wasting much of my time.
each year or at least every couple of months we see the same patterns. sometimes small bubbles, sometimes big and throughout all the altcoin market.

this is one of the many transactions that I received, this was from some small exchange that I was trading there for fun and to learn more about how to use API in my bot and I cashed out all my balance worth $7.48.

and this is my cold storage, which has been taking deposits ever since 2014 :


updated on 2017-05-25 for the same transaction.


updated on 2017-08-29 for the same transaction.

define survive first.
if your definition of surviving is the altcoins continue to get dumped now and then after a while, maybe a couple of months maybe a year from now they pump again, and dump again and pattern continues then you are 100% right. they will survive and continue doing this and each time a lot of bag-holders lose a lot of money while a limited number of traders make a lot of money from these newbies who bought into the hype.

edit:
enjoy

of course.
put a good advertising team behind that altcoin, it gets enough volume!
put some good pumpers on the project, it gets higher volume!
list it on exchanges such as poloniex that pump the coins and have crazy volume, the volume grows!

in the end that is just trading volume of speculators pump and dumping the coins to make more money.

how to advertise on bitcointalk:
1. put what you are advertising in your signature
2. make some outrageous topic on bitcointalk to attract a lot of users coming to correct you. better if it is against bitcoin.
3. bump it up every time it goes down with more controversy.
4. have the delusion that you are advertising your thing in your signature.
5. get banned because of spamming.

how dare you lie to us. marketcap is so meaningful without a doubt.
don't believe me, take a look at this screenshot.


this very good, very useful altcoin which is marked here it is being used all around the world. people left USD for it, it had the 3rd place on market cap list which shows how it is very 100% meaningful. soon CUBE will replace bitcoin and then USD. now you wait. I just don't know why it is worth 0.1 satoshi (1e-9BTC) right now and keeps going down

I have not heard anything bad about gyft.com or purse.io yet. they seem to be perfectly legal businesses which have been working for a long time.
but make sure to do your own research.

the best option for you is to ask in your local board, people know more about shops in their own country that the rest of the world.

you can also use google to find website that do this. something like this: https://www.google.com/search?q=buy+smartphone+with+bitcoin
and then search the website's name for reviews. for example: search for "e4btc.com reviews" to see if they are legit or not. or even offer a good service.

also you can do another thing. go buy a gift card for Amazon or something like that through sites like gyft.com and then use that to purchase a cell phone from Amazon. you'll get a good discount this way too. so you can save on some money.

you may also want to check out https://purse.io/ I have not used it but I hear it has good options.

again, you either have to give a tx id or tell us what the fee per byte is.
0.0007BTC fee can be high for a 220 byte transaction size or can be low for a bigger size of transaction.

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nonsense. the usual time to get a confirmation on a transaction is 10 minutes on average. if you pay lesser fee, it takes longer time. so don't pay small fees.

nonsense again. you don't know if the transaction fee is high or low. you don't know the size of his transaction. it can easily be a 1 MB transaction paying 0.007BTC fee for all you know.

I have no idea what this part is about! possibly just to make your comment long!

tell us your tranasction fee/byte value not fee.
and sadly there aren't much things you can do at this point other than including a higher fee (220 satoshi per byte) or waiting until the spam attack is lesser so your transaction goes through.
also for ViaBtc you have to try every hour since they reset the 100 tx limit that way.

the numbers you are quoting are fee per byte not fee.

if you don't do Address reuse and don't receive a lot of dust inputs from things like faucets and microjobs then your wallets stays clean of dust and when you want to spend bitcoin your transaction size will be about 220 byte (give or take). and with a 199 Satoshis/byte fee your total fee would be 43780 satoshi and that is $0.7 with the current $1600 (my calculation was with a lower bitcoin price because I forgot to check the current price of today! and $1600 was reached today)

in any case it is still not $0.85 and not $1 and not $1.61 or $3.19

think about why you made an investment in bought bitcoin in first place?

answer that and you can get your answer to this question here too. and believe me, nobody can answer either of these questions but you.

You are not wrong but you are not right either! because fees are still $0.4-$0.6 (mostly because price has gone up a lot)

and if you ended up paying anything more than that, it means your transaction had a lot of outputs to spend and that is what caused your transaction size to grow 2 or 3 times in size compared to a normal 220 byte transaction and you as a result ended up paying 2 or 3 times more fee than normal fee.

I am not saying fees have not gone up. I am more pissed off about higher fees as the next guy but it is not $1.

well part of it is always a public knowledge. for example exchanges delist coins that are dead or are not generating them enough profit. and you can see this on the charts and by simply looking at the history of trading volume. but that doesn't warrant a pump though.

the same goes for listing. coins that are good, for example a new coin that has been performing well enough and has a high daily volume will definitely be added to more exchanges sooner or later and accumulation is usually easy to spot on the charts.