I agree with you to withdraw our funds immediately after we can sell the new coin or token.
Frankly, I fell into that step. Made deposits, took profit but I hesitate or just was lazy to withdraw my money. I let my capital on potential scam exchanges and lost it eventually. Not all, but some newbies will step in my shoes again.  So those newbies, thinking they are too late for bitcoin or any other major coin, end up buying the low level coins from low level exchanges with the hopes of making 10x as well
It is the basics for investments. Choose the leaders in each aspect for your investments. In crypto market, it is bitcoin. It is indeed a very fatal mistake when trusting a new coin or exchange platform whose price is still very cheap and will conduct a public sale or something like that. Some of them created phishing web portals to trick some trusted users. The hope of getting 10x the initial price certainly makes them very interested. Currently there are many fraudulent practices like this. and what's becoming popular is the BSC platform and lots of new coins listed, some of which make cloning coins popular so people get stuck and Rugpull will happen.
You are correct but I warned in OP about the risk of let your money in new exchanges. After you deposit, cash it out, withdraw it instantly into reputable exchanges. Don't stay on new exchanges more than what you need. There are many older and more reputable exchanges for you to use and make profit. Trading on the Binance exchange is the safest and don't trust any new exchange or coin whose origins are still unclear.
Even Binance don't give you a guarantee that they can protect you from new coins or tokens are listed on their platform. Their warning at bottom of every announcement. Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
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Please focus on the objectives of this topic and don't go off-topic to show you are knowledgeable. This topic is only for customize your fee rate and boost your stucked transactions (recovery/ import wallet is written because this step is related to the objective). - It does not support segwit addresses, making its users to pay more on transaction fee. Nested segwit can reduced fee by 26% while native segwit can reduce fee by 42%
- Like you included in the OP board, it does not support replace-by-fee
- It is a web wallet, most vulnerable to attacks
- Can not spend unconfirmed transaction input(s)
There are some other information that needs to be shared about child-pay-for-parent.
1. The sender if using blockchain wallet, he can still use of child-pay-for-parent
It is theory, I did not check and I am not sure that Blockchain.com wallet allows you to send your bitcoin to an address in the same wallet. This guide is to help people choose the easier way and from the effectiveness and convenience of Electrum, they might decide to abandon Blockchain.com wallet to use Electrum. As you see, Blockchain.com allows you to customize your fee rate but it is a half-customization. Lastly, on electrum wallet, replace-by-fee is by default, but it is not bad to check it as implied.
It is not correct for past version of Electrum wallet. I remembered so or I could be wrong as I untick it in the past (not sure). |
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- This thread is for newbies, not experts so please ignore it if you are experts.
- If you are experts and have information to help me, I much appreciate it.
- For details of CPFP, read the guide of @mocacinno. My thread is to help you a hint to resolve your stucked transactions on blockchain.com wallet by using Electrum wallet
Blockchain.com (formerly is blockchain.info) wallet is one of the first wallet people use as their first bitcoin wallet. I don't discuss reasons in this thread. That wallet give you a seed of 12 words (Secret Private Key Recovery Phrase, according to how the wallet describe it in Security settings) that you need to write down and back it up safely. If you lose them, you lose your wallet (skip the opinion of wallet recovery, etc. It works but it is beyond my thread). If you have a backup, you can recover it on blockchain.com or with another non-custodial wallet such as Electrum. - Download: https://electrum.org/#download
- Verify your Electrum wallet: DireWolfM14's guide
- See and practice the recovery step as follows
- After you copy and paste (or manually type your 12 words), click on Options and choose BIP39 seed
- If your 12 words are correct, you will see BIP39 (checksum: ok)
- Choose types of address in your wallet: legacy (p2pkh) -- it is the address on blockchain.com wallet. With a same seed (12 words), you can import it into Electrum and get 3 types of wallets
- Set up a password to encrypt your wallet file and Finish
- Check your addresses (last image) to make sure you recover the same wallet with seed from blockchain.com
Ok, it is for wallet recovery and import your blockchain.com wallet into Electrum wallet. Stucked transactions- This guide is not on how to make a transaction from Blockchain.com wallet. Search and do it on your side.
- Notes: blockchain.com wallet suggest you to use a high transaction fees that what you should use with two default options (Regular and Priority: 11 sat/byte and 98 sat/byte, respectively.
- If you don't agree with two default fee rates, you can Customize it, but you can not set a too low fee rate.
- Even your customized fee rate is allowed to use, your transaction can be stucked.
- More importantly, you can bump the fee with Replace by fee or Child Pay for Parent with Blockchain.com wallet
If you customize with a too low fee rate, 1 sat/byte, ie. you will get the warning. Low fee is not recommended. Use the minimum. The minimum fee rate is allowed by blockchain.com wallet is 5 sat/byte as of the time I made that transaction. I decided to use 8 sat/byte but I know it will be stucked. Example transaction (to be stucked) Pop up messages (Green: when your customized fee rate is >= minimum. Red: when your customized fee rate < minimum and you can not use it). Make your CPFP transaction to unstuck your stucked transactions Read the full guide of @mocacinno for detailsMake sure after you make your first Child-Pay-For-Parent transaction, check setting in your Electrum wallet, and tick the option Replace-by-Fee. With an opt-in Replace-by-Fee transaction, you can bump the fee later. This checking step is to make sure you don't miss it but with default setting, Electrum wallet turn RBF on for you. Check fee rates for your transaction |
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Trading a new project listing on top exchange usually leave many traders at loss especially those that doesn't know the do's' and dont's' of trading a new listing.
Don''t trade if you don't have basements for your trading calculations. Basements can be taken from crowdsale price or past resistance / support. With new listed coins, you don't have past resistance or support. If you don't have details from crowdsale price ie. your trade is gambling at beginning. Many times a new project listed will Pump very high and it will seem like it will keep going up and then suddenly it will start dumping really hard while many traders will have no choice than to sell at loss.
Not all 100% of them will be pumped and to be safe, I don't bet at the beginning and join first FOMO wave. I think one of the things to do to trade a new listed project is to wait till when the price is stable. Most times price usually pump and then dump then it will pick up later due to traffic trading and then later dump. All this usually happen between one to tow days.
After 1 or 2 days, you can have very temporary resistance and support to trade but it is still unsafe. If you implied about period for more stable price, it can take a few weeks. You can take a look at very first generation of DeFi tokens, SUSHI, Curve, etc.. Safety is the first priority for your trading decisions, not profit. The same goes for airdrops, I will wait price actions and market reactions for my trades. I don't bet with forks, airdrops and hope that they will give me profits. |
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I have researched and its my personal research. as per the conclusion . BTC will be 120K in this bull run.
You simply said a price and did not give us any more details to discuss with you. Anyone can say so and if you did a research for that conclusion, please share more for more informative discussion. Generally, we never know where will be the new all time high (the maximum) price of bitcoin for this bull run. We only know the all time high for each 4 year bull run when we look retrospectively at the price chart. We can not say it correctly when it has not yet happened. If most people think bitcoin will hit $100,000 it might touch $120,000 or $150,000 as the more people believe $100,000 is the max price, the more of them will short bitcoin. Consequently, liquidations on short positions will bring bitcoin price to 20% or 50% higher. It is possible. |
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This will depend on how we see the new exchange. Sometimes, they offer very interesting and also promising rewards, very low transaction fees, or event various events or programs. And sometimes, many people are trapped to be interested in this kind of promotions.
Well, it depends on each individual.
New exchanges attract me if they have bonus without any requirements to make deposits or volume of trading to claim bonuses. Some exchanges give you free money for registration and they give you more if you make deposit, trade. Beware of risks for deposit first if they require huge amount. There might be different tier of deposit to claim bonus and please don't fall into top tier, with big required deposit. If I join such bonus, I choose small one, just for fun and I don't stay on new exchanges for long. I will join them back if later they prove that they are legit exchanges. If we already have our own favorite exchange, we do not have to try to use the new exchange before we know if that exchange is real and good for trade because we must avoid the scam exchange, as @OP says. If the new coin or new token is listed on the new exchange, we may need to wait for a while and see how it progresses. If the progress is good, maybe you can try to trade for a small amount to see if that exchange is fitted for you. Otherwise, you need to stay away from using that exchanges.
That is it. Sometimes, for shit coins or tokens, you have to make deposit to a strange exchange, to cash out. Mostly, they are not scam at beginning so when you cash out, withdraw your fund immediatly. Don't stay and trade on new exchange, if they are keen on listing newborn coins or tokens. Even though not all of them are scam though, imagining wayback on how Binance and other famous exchange atm did start where it did really came from scratch.
I know. Legit exchange will do start with big and old altcoins. They will expand to new coins/ tokens later together with promotions. If one new exchange tend to focus only on new coins / tokens, it is not a good signal. They might scam you. |
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Well, when is the next update? I think it's time to make adjustments for the time, given that it is already the middle of March.
Thank you for reminding me. Altcoins (old and new generations) are trying to break that cap since June 2017 to get their all time high (Altcoin domination - OTHERS.D). That cap was almost reached three times (April 2018, October 2020 and early of this month). If they break the cap, the new all time high for altcoin dominance is calling. Their dominance are made up of old and new altcoins. I guess many people think this alt dominance increase comes from new altcoins. They are not wrong but it is not true if forget about old altcoins. And if you have time, I would like you to take a look at Obyte. I know it. Obyte was rebranded from Gbyte (in 2018 ?). I like that coin with DAG algorithm and its simplicity. It allows people to bet and I am surprised that gambling sites forget or ignore this coin. Your reminder is relating to my above part and I would like to choose old altcoins to invest in this period. New altcoins are fuel for the altcoin season but they are risky and you will reduce risk whilst also have chance to earn good profits with old altcoins.
Bitcoin- It is on the verge of bounce back or fall deeper (look at BTC.D chart - 1week)
- Bitcoin price chart (not dominance): bigger probability for deeper falls (deeper than BTC.D).
- 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.
- Plan B: if Bitcoin breaks the cap around $58k, it will be a time for you to hop on and enjoy its ride
I don't have mouse here (use touch pad) so I can not give you images. |
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Bitcoin , which is often described as cryptocurrency, a digital currency.is a type of money that is completely virtual.
Please stop using the world 'virtual' when you are referring to bitcoin. There is no real, fake or virtual bitcoin. Bitcoin is bitcoin, a unique cryptocurrency. Virtual is used by governments and their media to create fear and uncertainty on locals. The ultimate goal is to prevent as many people as possible to accept bitcoin. We can Bitcoin to buy product and services,but not all shops accept Bitcoin also some countries banned it altogether.
The adoption is increasing and you should know that when time goes on, the trust on the survival of bitcoin will increase. The bullish case for bitcoin (Don't trust what the article writes, you can verify this fact with bitcoin price history). Furthermore, the Lindy effect suggests that the longer Bitcoin remains in existence the greater society’s confidence that it will continue to exist long into the future. In other words, the societal trust of a new monetary good is asymptotic in nature, as is illustrated in the graph below:
In Bitcoin, users can send and receive payments to or from anyone on the network without waiting for an approval from the authorities.
Bitcoin transactions need to be confirmed by the network that is operated by bitcoin miners and full nodes. Since Bitcoin transactions does not involve government,the cost of transaction will be low.
Bitcoin transaction fee is depended on its network (mempool) and the fee rates people set up for their transactions that are waiting for confirmations in the mempool. Governments have nothing to do with bitcoin transactions. If there is anything, it is policies from governments to increase or decrease power cost and charge taxes on bitcoin mining activities. All of which in turn will affect bitcoin price in fiat value. At the end, transaction cost will rise or fall but such effects won't appear easily. |
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So if a new monetary system is set in place after a financial collapse and they start to issue CBDC, do you think exchanges will accept them and open markets where they are paired with cryptocurrencies?
I guess it will exist with CBDCs and bridges between banks and exchanges. Bridges can be Escrow or CBDC wallets on exchanges. It is the same to centralized exchanges, where you can bind your account with bank account. Then make fiat deposit to your wallet, and use it to trade Remitano is one of such exchange with fiat wallets and crypto wallets. Remitano Wallet and What can you do with it?When you sign in your bitcoin exchange and then go to your bank's website and make a "digital" transfer of fiat to that exchange you are already using "Central Bank Digital Currency" and it is easily dumped for bitcoin as long as the bank doesn't cause any problems for its users. I don't see why this should change in the future if they change the database they use for their CBDC!
It is what bank system used to credit digital number to bank account balance. Governments called bitcoin and cryptocurrency are virtual currency. They are creatively used the term 'virtual' for cryptocurrency in general. What are differences between the number in bank account now (with fiat) and in the future with CBDC (digital fiat)? They are all created by governments and credited to bank accounts under law regulations from governments & central banks. Real fiat, real digital fiat, real CBDC, what are they? They are only different in physical means: paper, polymer, metal, digital. Fortunately they are worse than bitcoin.  |
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I am not sure Beginners & Help or Trading discussion is a best board for this topic. I leave it here. If it belongs to Beginners & Help, please move it.In bull market, projects are created daily and exchanges are created to list new coins or tokens. You never know which teams are behind exchangers. Are they scammers and own some scam projects? What are purposes of those people when they create exchangers? Years ago, in 2018, I lost my money with my stupid ignorance on advice from senior members. "Never store your cryptocurrency on exchanges. Store them in your non-custodial wallets." Story - Altex [1] is the exchanger that very friendly to list Cryptonight coins.
- Cryptonight coins were created abundantly in that year. Easy to mine with GPUs.
- The exchanger listed new coins without listing fees (as I recalled).
- They quickly accept any listing request -- that I believe you will see more in this current bullish market.
- Early signal of scam exit [2]
- Less than one month later, they made that annoucement [3] and exit.
Advice- Don't blindly accept new exchangers because you are greed and want to get rich fastly
- Don't blindly make big deposit just to claim deposit bonus
- Pay your attention on early signals of scam exit
- and more. Generally, be cautious with new exchangers in the bull market
Resources
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21 million and 21 trillion are different in number and left years. A little bit more than one century is long enough. It is around a lifespan of one people. In fact, most of use have our lifespans are less than 100 years. Scarcity is not truly scarcity if you are talking about the thousands or millions of years. Do you think water is scarce as it will be evaporated all in next 1 millions of years? Even it is true, no one will care about it. Satoshi is genius in my opinion to choose that year 2140, almost 140 years from the release of Bitcoin Genesis block. The bullish case for bitcoinI took one interesting point from this article. We have been in the middle of 20-years period. In earlier years of bitcoin, people were fear of the failure, death of bitcoin but now do you really believe that bitcoin will be dead some days? The trust has been increasing. If Bitcoin exists for 20 years, there will be near-universal confidence that it will be available forever, much as people believe the Internet is a permanent feature of the modern world.
Additionally, if you combine it with the Bitcoin inflation - Time chart, 20 years from 2009 to 2029 is important. That curve will go into a nearly flat area after 2029. News and people will have more time to talk about scarcity of bitcoin. |
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Very well worked post but that communist crap theory that the rich are getting richer and the poor are getting poorer does not match the facts. Without denying that in small periods of time that happens, the long term trend is that everyone gets richer, the rich and the poor.
Please don't connect my post with politics. It is the fact on any market, not only on crypto market. The game distributes wealth from impatient to patient people, from wise to stupid people, from emotional-controlled to emotional-affected people. If you are investors but don't have patience, you lose your money to the others who are more patient and wait for right time to begin their well plans. You can have a plan that is as good as theirs but without patience, you will get losses. Communism, capitalism, stock market, crypto market, real estate market, it is the fact. |
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The financial market distributes the capital and the wealth from majority to minority. Only very few people are able to earn money on the market or end with profitable money when they decide to stop investment or trading on the market. In this perspective, bitcoin as a tool for investment or trading, can bring happiness or disappointments to different types of traders or investors. - If you are a wise investor/ trader, you are happy with it. Bitcoin makes your life better.
- If you are a bad investor/ trader, you are killed by your emotional, arbitrary trades or investments. Bitcoin makes you feel worse
- Reminder: Bitcoin does not directly decide your prosperity or poor. You and your decisions decide it
The rich get richer and happier. The poor get poorer and more disappointed. The same goes in bitcoin market but it is not a support or fault from bitcoin when one person is rich or poor. https://www.pewresearch.org/social-trends/2020/01/09/trends-in-income-and-wealth-inequality/ |
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I didn't know that jackg has so many LN-related threads.
By the way, let me help you with a small tip when you need to quickly find topics with specific keyword if you are guessing one user has big interest in that area. Assume you want to find topics on lightning network from jackg It's a quick and very efficient searching. |
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I am a bit ashamed of asking this from a Hero rank, but I just want to make sure that I have read all applicable rules and understood these correctly. I would like to use my signature to link to a few books, crypto related, in a on-line sales service. This is a legit service and I would be acting just as a lead generator.
Is this allowed? Any restrictions or limits?
From what you disclose about the service you would like to work with and advertise here with your signature, I think you are fine with the (unofficial) rules of the forum. It depends on the service and their books: legit, legal and your investigation is true. Even if your investigation is not accurate, I think the community and DT members allow you a window time to take it off after their warnings. I guess it is about 24 hours that is long enough for you. Below quote contains some rules that I think have relations to your service and your signature. 6. No linking to phishing or malware, without a warning and a valid reason. [e]
10. No embedded NSFW images anywhere. NSFW content must be marked accordingly.
11. No linking to illegal trading sites.
17. Trading of goods that are illegal in the seller's or buyer's country is forbidden. [2]
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Links to download and remember to verify what you download. Verify wallet's guides |
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Some sources for Lightning network Some members on the forum can help to test and practice with Lightning network. |
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You don't have to register an account to lurk, and he didn't say anything about when he joined the forum. I lurked for a couple of weeks before deciding to join, I imagine I'm not alone.
Sure many people do so and me too but there are some points 1) If you have not yet registered one account and visit the forum as a guest, you can not see trust point and trust feedback. It is only visible for logged-in accounts. 2) It is not normal when a newbie pay attention on merit and trust at the beginning. They should care about: (1) bitcoin when they join the bitcoin forum or (2) bounties (LOL) when they was invited by friends to join and earn money. 3) Visit as a guest and join here as a member are different. Of course, the OP could be an alt account of a recent recipient of a red-tag, plotting his revenge!
I did neither imply nor conclude so but you can be right. |
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I have been a while in the forum seeing a lot of people talking about trust setting, negative trust, and DT members.
I don't know how you saw and noticed them. You registered this account yesterday only. How can I know about all of these?
Jawhead gave you link to the guide is written by LoyceV. You should read it if you want to understand the DT system. After which, you can read the topic Trust flags that is the latest update on the Trust system. Are DT members have extra power or something?
They are unofficial police staffs on the forum. As DdmrDdmr explained, the trust feedback from DT1 or DT2 members will be displayed by the default DT view (that most of members use as they don't customize their Trust list). Their trust feedback can be seen and it can be an unofficial power (if you would prefer to worry about their power). In my opinion, the power is not make much sense if you are good member. Only scammers are care more about Trust feedback from DT members. Their scam activities are seriously affected by those feedbacks. How to be a DT member?
Build up your account, with real contributions and wait for time, luck and recognition from the community -- it takes months or years. Forget about building up your fake trust networks. |
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