Do you think your poem belongs to Off-topic? A welcome message and Newbies - Read before posting are vitamins for newbies to read and be familiar with the forum, get motivations to contribute good things (discussions, ideas). Search page can help to find past similar topics.
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Most recently, Bitcoin's network fees have increased to a point where it's unfeasible to send small payments on a daily basis. SegWit is a solution to save from high fees, but not everyone supports it. Exchanging Bitcoin to an altcoin could be an option, but you'd still have to pay the network fee for the transaction to get processed on the Blockchain. If there was a working strategy to save as much Bitcoin fees as possible, it would certainly prevent me a lot of "headaches". Do you happen to know of effective strategy to save off Bitcoin fees right now? Any suggestions or recommendations will be greatly appreciated. Thanks in advance. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) In order to save transaction fees, you need to have a good strategies and solid plans. Strategies- Consolidate your small inputs when fee rate is cheap, as a preparation for your bitcoin transaction later (with a single or less inputs) when fee rate is higher. See the guide from LoyceV
- Try to use Segwit address (Bech32 address - bc1): it helps you to reduce transaction size that in turn help you to reduce transaction fee (at same fee rate)
- Have clear plans to move your bitcoin (when - hours, days, bi-weekly). See that topic on weekend effects
Plans
I will make a summary table and edit this post. Stay tuned! I hope these tables give you better data presentation. - You can see weekend and working-hour effects
- Important note: % of difference here is between median. For your interest, if you use non-custodial wallet, and customize your fee rate, you can get much bigger fee-discount.
- My own findings match with The daily BitMEX broadcast at 13:08 UTC. In my table how the % suddenly increases to 33% at 13 UTC hour frame
Methodology- Intra-week
- Weekly median: median transaction fees for all transaction within specific week
- Daily median: median transaction fees for all transactions of each days in a specific week
- Difference (in %): [ daily median - weekly median ] / weekly median *100.
- Stats in the table is mean of difference (all observed weeks)
- Intra-day
- Daily median: median transaction fees for all transaction within specific day
- Hourly median: Median transaction fees for all transactions of each hour in a specific day
- Difference (in %): [ Hourly median - daily median] / daily median *100
- Stats in the table is mean of difference (all observed weeks)
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What coins/tokens are better to be trading into? Like what are the coins to watchout for or are there any other asset to consider? What do you guys think?
Let's skip the list of new or old coins/ tokens, I think it is a period for old altcoins/ tokens. DeFi tokens have their year in 2020, since July or August of 2020 (I just recalled it). If you have been in crypto market long enough, you would know that a cycle of pumps and dumps take months (usually 4 months). But hey, it is magic behind the pumps of DeFi tokens last 2 weeks such as CRV. Anyway, despite of the fact that altcoin season is in the air, old altcoins are better choices as they were dumped many months and now it is time for them to rally and show their 'values'. If anyone need example, it is Ethereum, the King of altcoins. Note: Old altcoins/ tokens give you better safety, risks of loss is smaller than DeFi tokens. At least for this period.
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Thanks. - I do see a dozen shit exchanges with zero trading volume in there
As I stated, those tools are for people who are paranoid with such parameters, want to complicate things and have spare time to filter those information. Of course, they have to do their own investigations on what those sites give.
Thank you. The funding rate can be taken to close a position before the close of each funding interval.
A quick tip regarding the fees of some exchanges. Some are offering discounts on fees, such as trading fees (like takers and makers) if you hold some of exchange tokens in your account, just like in Binance (BNB token) and on FTX exchange (FTT token). I just tried these two exchange tokens for getting cheaper fees on their exchange. I think there are still lot of exchanges doing what I mentioned.
Exchanges, since 2019 if I am not missing anything, follow the trend from Binance to create their own exchange tokens, and run promotions, fee discount for users if they use own exchange token to pay for trading fees. I remembered Binance updates their Fee schedule with the mandatory criteria to hold BNB in order to get promotion in level. Maybe they did it sometime in late 2019 or early 2020.
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Can someone send me articles of rules and regulations of the forum because it's a major thing someone have to know in any society it belongs, because I know very well that I belong here and I'm ready to learn
Welcome, Please read those threads and self-assess your feelings. If you feel good, the forum is a place for you. If you feel bad, and won't change it later, the forum is not a place for you.
I know that with positive communication here and creativity someone can equally earn merit without been over conscious to earn merit
Creativity does not equal to efforts to make non-sense, lengthy posts or topics (The Welcome message mentioned about it too). Please keep it in your minds when you make posts, after finish your Search.
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Something interesting ... I see this resource for the first time, thanks! Below are a few similar sites in case you missed them. Thank you. Interesting, I am going to look at them. To be honest for me, the topic of altcoins became very painful after I sold quite a lot of BAND at $0.3 and LINK at $2.8 ... March last year, brought me huge disappointments, I still bite my elbows ...
Haha. I ate my elbows in January of 2018 when XRB (Railblocks) -- that was rebranded to NANO nowadays, took its flight to over $30. I sold three hundred thousands of XRB when price is $0.1. NanoTheir ANN Thread still use the old name: XRB (RailBlocks). [ANN][XRB]Cryptocurrency's killer app: RaiBlocks micropayments
1. Tak profit ASAP don't look people who gain more than 3000% in future, if you get 50% of profits it enough for you to continue to learn. Don't be greedy 2. Don't put high leverage, I will reccommend to start with max 30% 3. Don't use instant/market price to close and entry, as tranthidung says, set stop loss and take profit feature, it will help you to get good profit and minimized loss. 4. Start with small amounts 5. If you are lost for 3 times, stop it, if you are frustased, you will be lost more money because your strategy wouldn't work. Because as beginner (including me), panic and wants to get more profit makes them trade without strategy and it will give you more bad results. 6. Start with demo if needed
All you gave a true and valuable warnings. Some big mistakes that most (or all ?) traders, investors made are: - All in like gamble with hope for big win. At the end, they get big losses
- Don't withdraw their capital after big wins. At the end, they lose both big win and capital amount.
- Use too high leverage and are too confidendent with their orders
- After losing a lot (big profit, capital) or worse in debt from loan to invest, they will lose confidence, and make more worse decisions
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Hello World! I am proud to have registered on Bitcointalk and to have received a unique 3 millionth ID.
It is a big coincidence when registered as the 3th millionth user and chose exactly the fitted username for your userID. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I also received some welcome messages which were very encouraging for me, and I want to say that I will never use my account for shitposting.
Welcome you to the forum too and here is the Welcome messageI hope that by the time we see the ten millionth registration the forum will not have undergone significant changes and the newcomers of the future will have to deal with the version of the forum that exists in its current form.
Although in 10 years the information on Bitcointalk will still be relevant, I really hope that for future newbies we will not have to create simplified guides, despite the fact that each generation becomes dumber. I hope in the future the situation with activity will become clearer, and we will see an influx of fresh blood!
As newbies, they need to read rules, search for available topics, answers. Create new guides is not a must practice they should do.
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- Don't make loans for trades if you are not professional as the pressure of loan interests and expiration might cause wrong and terrible decisions.
- Use Stop limit orders to trigger your stop loss orders
- Use Positive Stop Loss orders to prevent any Profit Steals. If the market crashes, you will manage to earn profits. 5% or 2% is still profit, not loss.
- Some good topics
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Update guys. - Google trend stats for the search with Bitcoin keyword has almost a free-fall in recent weeks. If you notice, the rate of this fall (~ 50%) is much bigger than the rate of bitcoin price correction.
- Ignore the bias or algorithms used by Google, the stats (for bitcoin search) shows people mostly or only search for Bitcoin when it has good rising tide. When it falls in price, people don't search more than usual even media still spreads news about it.
- Google trend stats for the search with Bitcointalk keyword has still been almost stable. It moves up and down but generally is stagnant.
- Daily volume of bitcoin is falling.
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I have tried running bitcoin core in prune mode, but it seems that it'll take hours to finish syncing. Am I surely pruning and not syncing on a full node?
Others answered you and I see you got troubles as same as me in the past. - I did not have too many free data space for full node.
- With prune node, it eats up my computer capacity
- I gave up and don't consider to use full or prune node because of this
- I did not get troubles with prune node and have to re-sync it from genesis block but I did experienced it with altcoin wallets. Therefore, I know what the trouble is. Remember that synchronization with altcoin wallets are faster than bitcoin prune node
- Pros and Cons of Bitcoin Node types (Full node and Prune node) (some good discussions, on chainstates)
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Altcoin seasons to come and the time to FOMO with altcoins is here. I am expecting some as follows - Altcoin dominance increases more than 10% from now, up to 20%
- Bitcoin dominance decreases from 7% to 10% from now. It might bounce back first then drop more.
- If you don't know how to check those charts: Bitcoin dominance (BTC.D), Altcoin dominance (OTHERS.D)
- If you notice, the altcoin season index is affected by both altcoins and bitcoin price. The net effects from bitcoin and altcoins change the index. You know what I meant
Some reminders - Be careful if you are trading altcoins with margin (leverage) trades. Even it is the season for altcoins, there are sudden weak downs that can kill you in short period of time (seconds to minutes).
- Make sure you use stop limit orders and stop loss orders for your trades.
- In case you are currently have profits with your altcoin positions, don't forget to set Positive Stop-loss orders. Why? It help you to stop the Profit Steal.
- FOMO is for unexperience traders and if you have plans, you will make good entries (with weak downs) and get profits. You don't must to FOMO with the crowd.
- It is my own opinion but not my financial advice for you
You can get raw data table: https://www.blockchaincenter.net/category/data/
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If you’re a copper member and send someone a message with an image, will the image show or will it just be the hyperlink?
Yes, bbcode image link will be displayed as image, not link.
A small tip for you: - Without the Copper membership, image (with bbcode img blocks) in your post will still be seen by others if they watch that post in your post history.
- You can check by make a post with image link, compares what you see in that post and in your post history page)
- The tip works fine with newbies have very few posts but does not work with newbies have hundreds of posts. You will waste your time to check post history in the type-II newbies
- I'm not sure it will work in PM (maybe not)
A case study: user TreeC. You can not see images directly in his post but if you click on post history, they are all displayed there
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If you care about your privacy, you should always check from what address you want to send your coins from.
Also, it is not common to spend all amount in chosen UTXOs that results in the reason to use changed addresses for leftover amount. Spending the funds from ChipMixer on Electrum will still leak your IP address if you're using an SPV wallet or if you're not using a dedicated proxy/tor session. If you're using Electrum, unless you're running your own server, there would be no privacy whatsoever.
In addition: Checking transactions without Tor can leak IP addresses. The companies who create and run block explorers can collect and sell your IP addresses to other parties. In most cases, the real owners of address and transactions are the ones who often check that transactions with block explorers, not strangers. The blockchair.com explorer built their tool with Privacy score, it is a good tool to assess privacy score for transactions. The adverse effect is if you check it without Tor, your privacy is reduced as IP address is leaked.
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You can not. When you use centralized exchanges, your bought bitcoin will be credited to your bitcoin addresses on exchanges. You will have to withdraw and move them to your wallet (Ledger in this case). You will lose double fee. One bad thing is exchanges set up their fixed withdrawal fees (that will cover many fees: transaction fees, fee when their staff verify your withdrawal request, and do it for you; fee to consolidate bitcoin inputs from deposits, etc.). Exchanges don't say it publicly but you will be charged such expensive fees. You can check fees (taker, maker, deposit, withdrawal) with
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To say about total supply and price, you guys forgot about one decisive factor: - How long will the total supply be released/ mined/ staked/ minted (not only for bitcoin)?
It is a decisive factor because the more years, decades from now, the higher population over the world so it will be the same story for bitcoin scarcity if the total population increases and reaches to the same rates of the increasing change in the new total supply. With a bit less than 21 million bitcoin, it will be mined all as schedule in the year 2140. So with 1 billion, what if it will be mined all in the year of 7854 (5714 more years than 2140). I bet that the world population will rise more than 47.62 times (1 billion / 21 million = 47.62). It will do rise exponentially. Of course if the Earth will survive up to that year.
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I sent you a PM a couple of months ago requesting to change my username, and I did not hear back from you. Since I don't know if your silence means "no" or not, I'm again humbly requesting my username be changed to The Sceptical Chymist. I have good, personal reasons for asking for this change, and I'd kindly ask that you consider granting my wish.
I am not a decision-maker but I support your request. It is just my 2 cents. Do you think The Sceptical Chymist is too long (especially it has spaces in between). I doubt that it will fit well in the account description area on the left of each post.
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I am not sure but do you mean some texts in Coinbase data, like the Genesis block ? ��EThe Times 03/Jan/2009 Chancellor on brink of second bailout for banks
Or the similar message in block #629999�� R🐟NYTimes 09/Apr/2020 With $2.3T Injection, Fed's Plan Far Exceeds 2008 Rescue Mined �^H
Read more
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+1
Signal to noise ratio is so bad that being too "informed" will probably bring more bad than good and it might make you doubt yourself which could cause making stupid moves. I did that mistake in the past when i was a noob and I thought that YouTubers know what they are talking about.
I admitted that I made same mistakes too and I guess other newbies do the same, very understandable. A channel or account that gives you free articles, status, tweets on technical lessons are easy to be forgotten or ignored but they are valuable assets for your long journey. People mostly have more interests in signals but they are harmful in a long run. They can earn in money but nothing in knowledge / skill then adverse effects will kill them.
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Generally, the more exposures you have to news (televisions, social media, press releases from websites as well as videos from Youtube channels or signal groups), the more uncertainty you will have, the more bias your thoughts will be. I don't say having a thought on the market and be conservative with it is good but having independent thought is the best. Just don't forget the rule #1: protect your capital. Sometimes, it is a perfect trade if you can take a draw and exit the market. If you need a senior, experienced trader to follow, here you go: https://twitter.com/PeterLBrandt.
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You can unlock your topic and I will lock this because theymus can not just merit you because you want merit 1:1 smerit, theymos will like the hear other members opinion but with how good merit system is now, I think your idea will not be welcomed.
2:1 is enough and there are merit sources to pass through the half-reduction of sendable merits. The combination between them are enough for the merit system. The suggested 1:1 ratio is only bad as it will make more sMerit available and the quality (in average) of merited posts will be reduced. In addition, more compromise might be triggered. And if 1:1 ratio is accepted, all merit sources are unnecessary and need to be removed. The bull market already catches lot of people, daily new users statistics have new highs after few days. I don't naively say they all come from the bounty hunters but some of them are. I will make a time-series plot with data from recent days but I am sure the past record in 2017 (monthly new members) was broken recent weeks.
The current ratio helps to maintain the quality of merited posts, unofficially and I'd love to see everything of merit system stay at what they are now. UpdateRaw data - m: Calendar month
- t_newmem: Total new members by calendar month.
- In January 2021, so far, there are 128579 new members. New all time high in January 2021, definitely.
+--------------------+ | m t_newmem | |--------------------| 1. | 2020m7 11389 | 2. | 2020m8 12264 | 3. | 2020m9 11801 | 4. | 2020m10 12925 | 5. | 2020m11 17645 | 6. | 2020m12 58476 | 7. | 2021m1 128579 | +--------------------+
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