So, basically it was a loss for me as I had to pay fee, I had to pay withdrawal fee. At the end, I got what I had deposited.
You are lucky because you get your capital back. What you lost is time and potential rounds of capital flow and they are acceptable. Worse cases will be when you get lost all capital if exchange does a scam exit or the coin you bought ends as a dead coin. We must avoid using such low quality or low liquidity exchanges. Most of the times, you will be ripped.
I warned newbies about such risks. Frankly said, it is my own lesson too. |
|
|
|
|
Gold is a safe heaven for people as they believe it is one of safest heaven in history. Any changes, unstability of politics, society, financial conditions will help demand on gold increases. That in turn cause price of gold bar increases.
Bitcoin, sometimes has coincidence with gold movements on the market but it is different. Bitcoin will be a mean for storage but now it is more likely a speculative asset. With its volatility and deflation schedule, people have more belief that the speculative digital currency will rise.
You can not mine more than 21 million bitcoins, never but people and future more advanced technologies can increase the total supply for gold. New gold resources can from external planets or deeper layers in the Earth.
|
|
|
|
If it's broken down, there will be more opportunities for shorts to pull it down between $47k and $43k and if it doesn't hold there too, the dump will further take the price to eat the liquidity near $36k after which it'll begin its run again.
Your opinion is similar to mine. I wrote about it more than one week, and just updated it hours agoCorrections are necessary for healthy bull run and I see the coming and any in the future corrections are healthy for this bull run in 2021. It was raised by Peter Brandt too. It is for history corrections but the current price chart shows and confirms that correction is coming. I believe many people will fear and say "Hey, bitcoin bubble appears and price will crash to $20,000". Forget such FUD please. |
|
|
|
In the bull market, you can have many opportunities to x2, x3 your capital. If you don't use leverage trades. With leverages, fast comes, fast goes and if you only are greed and don't protect your capital, your will lose all even you x10 your original capital. Quick, forget it. Think of it will make you greed and make wrong decisions. Sometimes you buy a good coin and it rises instantly after few hours or few days. But sometimes you will have to wait few weeks or months to see it gives you x2 or x3. Quick and easy will bring you to scam projects.  |
|
|
|
BestChange- Website
- Forget about exchanger search! Use BestChange! (you can ask more details and supports if you need in the Announcement thread)
- You can choose payment method, crypto or fiat currency in column for Give/ Get.
- It is a filter only. After you choose one, you have to go to that exchange (click on link in the given table) and make your trades
|
|
|
|
Bitcoin- It is not a must but I will be very happy if Bitcoin has a last call about $40,000 before shooting off to the Moon.
UpdateThoughts? I am keen on the scenario that price will have a fall to somewhere around $40,000. Price from $45,000 to $46,000 looks very interesting. For lower price around $40,000 to $36,000, you have to wait for the market. If price falls to $36,000, it would be ~ 30% correction. It don't must happen but if it happens, you should feel very happy with it. It is the last call for you to buy cheap bitcoin. I know many people that they always wait for dips to hop on. Wait for months or years but anytime such dips occur, they were fear. Don't be them. 
Reference: |
|
|
|
As DdmrDdmr suggest I would have liked to see a larger dataset, preferably above 1000 to actually be able to start drawing out some conclusions.
Sample size is not the only factor. Sampling method is another important factor that affect the validity of data collected. Non-probability sampling (convenience sampling) means survey participants will be chosen randomly. If the method is not good and can not represent the population, results in that data and that survey can not be extrapolated to the whole population, in one province, one city or one nation. The best sampling technique is PPS - Probability Proportional to Size
- The questionnaire is in English so I guess the main language in Nigeria is English.
- How many survey participants disclose that they will create an account in bitcointalk forum?
- How many of them actually did?
|
|
|
|
Binance is asking for everyone's KYC if you are trading above a certain limit and if these tokens are making money and accepting investors then why not comply with a full KYC procedure for all the company members to be listed. I am not sure about the policies on listing a coin but they need to do something to avoid the scams that can be avoided by collecting and verifying these information.
It is only mandatory requirements for their Peer-to-peer marketplaces or when you exceed the default 2 BTC withdrawal per day. I have never known they require a mandatory KYC because of daily trading volume. No KYC for Spot trading. The truth is we want to make a bigger profit but we do not see the conditions that the exchange is good or not, so we delay to take profit. Once that exchange turns into become a scam and run away with the member's money, that will make us feel sad.
The longer you stay on an exchange, the safer you will feel about it. Then you will stuck with it and depends on how that exchange goes, you will be scammed or not. I am sure traders will attract to come to that exchange and deposit in big money. But if they can research for more information about that exchange, they will know the truth and they will not try to deposit their funds to that exchange. We need to be careful if we get those offers and make sure that we really know that the exchange is legit.
I don't recommend anyone to do so. If they are brave and decide to do so, do it with very small deposit: $50 or $100 just to enjoy the small bonus. That's all they should to be brave and satisfy their greed. Don't make bigger deposit as it is very risky. |
|
|
|
Bookmarking official websites especially for electrum may look simple but it will always come in handy specifically when you decided to update your wallet. This method will not just save you from wasting lot of time but also reduces the probability that you are entering a fake/malicious website. But still, even if you have bookmarked the webpage, verification is always a crucial step in which you would not want to skip along the process.
You can use many method but the last vital step is "Verify wallet", that's it. - You can remember a website or not.
- You can use Google to search for a wallet.
- You can bookmark a website of a wallet.
All are fine if you verify wallets you download before you use it to store your bitcoin. Of course, you should remember some important websites and have your own documents to use, just in case. Don't rely on results from third-party search engines. |
|
|
|
I had almost downloaded a fake electrum wallet before when I was using google search engine and found electrum wallet pinned above from the results as an advertisement.
The fake electrum site appears to be sophisticated copy of from the original site of electrum in which I can't really tell of the two site visited are fake. Fortunately I know how to check the link of which one is right and then found out the fake one.
It is not sophisticated when you are cloning a website. Even the official website can be compromised so make sure you always verify GPG signatures. |
|
|
|
Rich addresses aren't necessarily those that make the biggest impact on the price.
I expressed my thoughts here (so I agree with you) - Whales can do different if they want to take profit: take profit with young UTXOs rather than oldest ones.
- I believe they try to reserve their old UTXOs for price manipulation at right time of market
- I mean, if one whale enriches 1000 BTC to 2000 BTC, 200 or 500 oldest BTC will be reserved for that purpose. Whales are able to enrich total BTC they have and they don't have to move old UTXOs just to take profit
From what I've seen, some of these belong to exchanges, for instance, so they're not showing where someone very rich is hodling BTC. There are also very rich addresses which, however, don't show much movement over the years. This might be money someone forgot about or lost access to, so this also doesn't affect the market.
There are assumptions of forever lost bitcoin from years-inactive UTXOs but we never know the exact amount. The follow-up rich list help us to see changes that are matters. LoyceV pointed out that it can be coincidence only and I believe what we see is not enough to make any valid causal inference. Also, when someone wants to make a very big buy/sell operations, they're not done on exchanges, but rather OTC, so they also don't affect the prices. Finally, there are those who have a lot of BTC, but the coins are dispersed, so that they are not under anyone's attention (for example, Tesla's coins exist, but the addresses are unknown).
Not correct. You misunderstood the reasons to observe movements from the public ledger. Big movements can imply something (or maybe not at all) and sometimes we don't really need to know who stays behind such movement. Big movements first, news will be released later, that's it. I think that instead of following the dynamics of the rich addresses, it's more useful to just follow the news because nothing triggers the price changes more than FUD or hype in the media.
Big movements or movements from old UTXOs are used to create news.  The Bitcoin Rich List, as others have pointed out, is misleading since anyone can (and should) hold their funds in multiple addresses.
Everything can be used if we take what we need and leave what we don't.
About exchange flows, I know one website so go checking it and enjoy. - Viewbase.com
- I like it because you don't have to create any account to view chart or see details.
- Limitation: data is for 30 days in maximum (with 3 options: 1D, 7D and 30D)
- This limitation can provide small work if you want to track and have bigger data.
|
|
|
|
I would like to stay away from bitcoin[dot]com and any resources on the website. Some is real, some is fake to shill BCash. For newbies, they don't have skills and experience to verify given information and they can be misdirected to wrong information. We can and are free to read anything we want, but newbies should not. Satoshi Nakamoto Institute (it is not managed by real Satoshi Nakamoto) is recommended with many resources to read. One of my favorite article The Bullish Case for Bitcoin |
|
|
|
What would be interesting to see, and I was looking around for, would be a site that would break down those segments (or similar ones) by age (first TX) and last TX, with say a granularity of a year. The idea is to determine how many addresses have been still for how many years since their "creation". There are some sites with graphs by age since last tx, but it’s not quite what I has in mind.
The Rich List site for example allows one to view the above on an address by address basis for a certain number of address, but not overall clusters.
I think you can scrape data and make your follow-up data. There is available list of top 100 addresses in the rich list My thoughts: - Whales can do different if they want to take profit: take profit with young UTXOs rather than oldest ones.
- I believe they try to reserve their old UTXOs for price manipulation at right time of market
- I mean, if one whale enriches 1000 BTC to 2000 BTC, 200 or 500 oldest BTC will be reserved for that purpose. Whales are able to enrich total BTC they have and they don't have to move old UTXOs just to take profit
|
|
|
|
Update for jochen-hoenicke.de- That website has changes, now if you visit that site, you will see only one chart, for mempool size. There is no longer 3 charts as previously and now 3 charts are separately given in 3 tabs: count, fee and weight. The Weight tab is a default one.
- Fees dipped to 8 sats/vbyte hours ago and you might enjoy low fee rates since early of Monday.
|
|
|
|
I think you was not aware about new update from Bitcoin.com sites, because they're already stop promoting fake Bitcoin (Bitcoin Cash) become Bitcoin and Bitcoin as Bitcoin Core. But this doesn't mean we can start to trust them since Roger Ver can change his shady behavior in the future.
Thanks. I see and I left the link to Pmalek's topic in OP. Your opinion is what I noted in OP. Don't trust any wesbite, and always verify your wallet. Now, that scam site can give you link to download real bitcoin wallet but who knows when they will change and give you a fake wallet. IMO they need to change their domain to Bitcoincash.com, so it will not misleading newbies.
They won't. Their ultimate aim is to impersonate bitcoin and try to mislead as many newbies as possible. Do you notice that in the screenshot, they mix Orange and Green colors? Scammers never admit that they are scammers. If they change it to a new domain name, it is the unofficial admittance that they are scammers. |
|
|
|
In general, I agree. Though that could be a slightly inaccurate indicator though knowing that people with huge amounts of bitcoin could simply spread out their coins on multiple wallets.
It is what I noted in OP. That free rich list is for addresses, not for people or entities. The market is manipulated by people, entities, institutes, not addresses. The list can be used as a reference but with some reminders about its potential biases and inaccuracy. I believe the lesser and lesser “> 1000 coin” wallets in the rich list, the more and more Bitcoin is being distributed, and adopted by more people. We should be very concerned if there was an increasing “> 1000 coin” wallets, especially during bull market cycles.
Rich list definition is defined by that site as that but you, me and others can define our own definitions. You are right that the rich list definition will be changed. It can be changed with smaller amount of BTC, down to 500+, 200+ or 100+ or changed to fiat value (USD value). Owners of 1000+ bitcoin wallet may be tempted to secure profit by sending their bitcoin to multiple wallet which they can then sell without affecting the market much. This is sure to shrink the list of people who have 1000+ bitcoin in their wallet.
Totally correct. It is inaccurate interpretation of big bitcoin transactions from whales bot alerts. We always see big movements at very right time of market decisions. Whales are smart enough to finish their trades silently but they do it noisy. It's just one of tools to finish their plans. |
|
|
|
Bitcoin is moving to the Moon and you won't be able to have enough fund (if you are not millionaire/ billionaire) to buy 1 BTC. Scammers will appear more and scam you. They can scam you with fake deals to sell Test net bitcoin, Bitcoin Cash (a most famous shit fork from bitcoin) and remember there are many other clone coins with Bitcoin as prefix in their coin names.
Most famous scam website - Trying to scam people that Bitcoin Cash is a real Bitcoin (in ticker, color (initially they used Orange color, not Green)
- Example with one archive from Wayback Machine: Wallet for the scam site
Screenshost (the second screen shot is taken from @pooya87's topic, it's my unofficial thanks to him. Notes- Visit official pages of bitcoin community and bitcoin developers
- Don't visit and use
- bitcoin[dot]com
- It is a scam website from Roger Ver to shill Bitcoin Cash (BCH). Don't trust that site when you buy Bitcoin, download bitcoin wallet, whatever things relate to bitcoin.
- It is not enough, if you don't verify your wallets
- Verify your wallets with PGP key (always)
- Carefully check (double-/ tripple-check) coin name and coin ticker when you make your bitcoin transactions in and out exchanges/ wallets.
Other resources |
|
|
|
You don't sign message with you address, you sign them with your private key. And as long as you can sign a transaction you can also sign a message.
There IS a standard for signing messages from any address type available, and it has been around for many years now and is recognized by major bitcoin implementations. If one software doesn't have the feature then it is that software's flaw and you should complain to their developers about why they haven't implemented such an old feature.
Thank you. It is excellent post that reminds me another topic, to verify message signed by a Segwit address. I read it again and found that with same private key, it can be converted into different bitcoin address. More interesting finding, you are the one helped @lulucrypto to make that topic. |
|
|
|
No, transaction fee can not consume half of the bitcoin sent
More than half of input value: https://blockchair.com/bitcoin/transaction/85329b9ff63ee1a2ab7602a338b857d3427e6d2d44b10ddb25591605a1b04ffaIf you take the basics of transaction size that does not depend on the amount of bitcoin you send out in one transaction, fees can consume most of your input value if you use high fee rate and many small inputs. Size * fee rate = transaction fee
size does not depend on the input value.
I am sorry. My English is bad.  Hope you read what I posted above, I think it is clear how I mentioned 'it depends'.
Your post is very long and I don't read it all. Another minus point in your post is bad punctuations. Frankly said, it is my contribution for your writing. It is not my attack. I bet that anyone can understand your sentence No, transaction fee can not consume half of the bitcoin sent, it depends, bitcoin transaction is measured in weight
When trying to write quality posts, a lot of people act as though they're writing a book report for school
|
|
|
|
Rich List definition- Rich means address that stores 1000+ BTC inside
- It is for addresses, not person or entity. You can not define it with available free tool.
- Even with advanced and paid tools, you can not find/ track all of them
2264 bitcoin addresses that have 1000 + BTC as of writing. You can check it instantly with [5] (you don't have to wait for any publications. Check it by yourself with that link anytime)Given articles and charts can tell you the story. I don't try to paraphrase the opinions that are already discussed in those articles. Here, I only want to emphasize one point: - Whales are the game-makers.
- You can follow them up, observe their activities, movements but if you strongly believe in their responses, you will always join the party later than them or you exit the game too late or stucked at peaks/ all time highs.
|
|
|
|
|
Show Posts
