well played man. well played. its is funny how nobody even looked at the chart you posted here. so in case anyone ever reads any of the comments instead of just spamming, take some seconds out of your busy time commenting and look closer at the chart. hint: it is flipped and price is $100 and date is 2013/08/23  |
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it is very simple!
you just need to know two things:
1. the block height these forks happened at (easily found by searching)
2. the time you had your bitcoin (the block height) and the time you spent your coins (if you did spend them).
if you had bitcoin before the fork happened it means you have the fork coin too. you don't need any website to put your address in and search! and that will only tell you one or two forks not all of them which are about 14 or more!
just go to blockchain.info search your address and then click on your transactions to see which block they were included in. if it is below the fork height then you have the coin.
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when will the bitcoin fee be reduced or moderated?
it will eventually happen. people will either stop using bitcoin so the fees will come down or the spam attack finally stops and fees come down. in the long term we will have a real scaling solution too which will mean fees will come down. but it takes time to implement things like LN. i mean that even if the bitcoin value rises or falls the fee is constant in bitcoin ,unlike in ethereum where the fee is fixed not in eth but a particular USD value.
when will this improvisation take place in bitcoin?
so far as i know ETH fee is exactly the same as bitcoin and it goes up with price and also goes up ridiculously faster than bitcoin when there is a clog in the network from ICO transactions or just some smart contract using ETH network to make transactions. |
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I believe it's only inevitable that an alternate crypto currency overtakes Bitcoin one day. It's sad but it's inevitable. Bitcoin started the revolution, but at the end of the day it still depends on the functions.
we all know that, in fact anybody who is familiar with the blockchain technology knows that this technology will be replaced by something better someday in the future. BUT the other thing that we also know is that the replacement is not going to be here for many many years. most people only want to hear the first part so that they can use it to pump some shitcoin that is even more flawed than bitcoin. so i had to mention this. |
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be careful not to confuse the warnings that the central banks and government give regarding investment in bitcoin as a fear of bitcoin. most of the countries that have issued warning have been doing it to make people think twice before investing more than they can afford to lose.
it is more like telling them to "invest responsibly".
but in case of some countries like India, the warnings and threats are because they are actually scared of bitcoin. and i think we have to be happy about it because that means we have succeeded.
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because $800, $720,.. are price of ETH but you are getting that price from a HSR/ETH market!
so it is something like this:
1 HSR = 27.32 $
1 ETH = 27.45 HSR
=> 1 ETH = 27.32 * 27.45 = ~750 $
speaking of coinmarketcap.com it gets the prices with some delay (5 min) so due to fluctuations you get 720, i got 750 right now and CM got 800!
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last time Ripple was pumped they released a shitloads of new coins out of the blue. so i wouldn't be surprised if they did the same thing this time too, that is a lot of profit for the centralized company that is releasing the coins and that will effectively bump the XRP market cap to the moon and ETH will have to get pumped big time to be able to reach it which is going to be hard because of its high price and the bubble.
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It's always been said "Never short Bitcoins"
saying "Never short" is like saying "Always HODL" bitcoin. neither are good suggestions. different times need different strategies and each time you should never go overboard with either of them. That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.
that is a wrong statement. people who don't understand the market will always get hurt. for example if you started shorting bitcoin when it reached $19600 and the fall began you could have made a lot of money. but if you start shorting bitcoin now you will be kidding yourself! However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.
i don't see any reason nor any indication of any tide changing. |
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If you've 10BTC convert 5BTC into fiat and wait until the remainder is reaching to 10BTC and do the same again.
Is this a good advice?
not exactly like this but you get the it. what i advise and i myself also use is something like this: for example you invest $1000 in bitcoin when price is $1000 and get 1 BTC. it goes up to $2000 you can sell 0.6 to get your initial $1000 and some profit ($200) out and still have 0.4 bitcoin to enjoy higher rise. that is the general idea. but other strategies can be added to make it more complicated and add to your profit. for example with your 0.4 BTC remaining you can start doing some sure trades like when price reaches $19000+ you sell and wait for the FUD dump, and place your buy orders 20-30% lower at $13500-$15000 and you'd be surprised how big your bitcoin is going to get after a while... |
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there are of course similarities such as the trends they follow, also technical analysis is the same nearly useless tool in both of them but it still is a good guide to have in your back pocket.
but the main difference between the two markets is the manipulation. every market will go through it but in trading cryptocurrencies, specifically altcoins, the level of manipulation is unbelievably high. you see movements that are not explainable by any logic. you see lots of pumps and dumps all around the altcoin market.
and this makes trading altcoins that much harder but also more profitable.
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from what i have see out of John McAfee and the way he is tweeting and advertising everything, i can say he is mostly someone who has seen the potential of making a ton of money using cryptocurrencies.
he is saying some pretty words about the technology and the revolution and bitcoin and he may even believe some of it himself, but his actions such as pumping random altcoins tell a different story about him being interested more in market manipulation and making money.
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the good news is that your transaction has an extremely low fee (1000 satoshi is 4 satoshi/byte at best) which means it is not propagated through the network. majority of the nodes have rejected it. you can not find it on blockexplorers either.
in other words it is already "canceled".
this means you can simply double spend with a higher fee this time. and not need any accelerator and a separate fee to pay to them.
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So, whats up with Segwit2x advertised for today?
Is it happening?
it already happened yesterday (or 12+ hours ago anyways) and the exchanges such as Yobit.net did the distribution and also the price of it already dropped something like 70% and has been falling ever since. and it had nothing to do with the original SegWit2x fork. this one is a fake with a huge premine! |
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yes because if anyone stops being motivated, they will leave and when they leave difficulty drops and when difficulty drops it becomes easier to mine blocks so the remaining miners will be finding more blocks and getting more reward and it remains profitable for them.
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for the b2x coin i believe it is already too late because i can see Yobit has already distributed the amount which indicates the fork has already happened.
to answer your main question, it depends on how much bitcoin you own and whether you speculate the forks to have any decent value!
because in order to withdraw and then deposit back again after the forks you need to pay fees. if you have something like 0.1BTC then it is not worth the effort! because the fees will be so much higher than the profit you may get with each coin being worth 0.001-0.005BTC and at best 0.01!
but with higher amounts it becomes more valuable to do this.
also remember that when you withdraw you will have to wait a very long time before you can find a trusted wallet for these forks you can use to claim your coins!
Bitcoin core is a trusted wallet which will be more than enough. It's not too late either because the block is another few hours away from happening so if you transferred that to a wallet you would get the amount in forked coins. bitcoin core is a bitcoin wallet/full node it has nothing to do with these altcoins that are being created each day and call themselves a fork of bitcoin! in order to claim/spend these new coins you need to download and install another wallet specific for these coins. usually it is their full node which they actually fork from bitcoin core, and rarely you can find an SPV wallet like Elecntron-cash which is a fork of Electrum. |
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for the b2x coin i believe it is already too late because i can see Yobit has already distributed the amount which indicates the fork has already happened.
to answer your main question, it depends on how much bitcoin you own and whether you speculate the forks to have any decent value!
because in order to withdraw and then deposit back again after the forks you need to pay fees. if you have something like 0.1BTC then it is not worth the effort! because the fees will be so much higher than the profit you may get with each coin being worth 0.001-0.005BTC and at best 0.01!
but with higher amounts it becomes more valuable to do this.
also remember that when you withdraw you will have to wait a very long time before you can find a trusted wallet for these forks you can use to claim your coins!
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you just have to understand that bitcoin is also a form of money. then you can simply apply all the methods you use to make profit from your fiat, to bitcoin and make profit on your bitcoins!
if you are not capable of making any profit on your fiat then you shouldn't expect to be able to make profit on bitcoin either. because things aren't that different.
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the answer is pretty simple!
the same reason why Gold is valued so much and it continues to rise but at the same time there are (figuratively) infinite number of sand grains on the planet!
it is the scarcity combined with usability.
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Bitcoin is losing its dominance over the crypto market
let's see. volumeabout 15 to 20 billion dollar is going in and out of bitcoin every 24 hours. - the top 10 altcoins combined have half that volume! - if you get out of top 10, the top 500 don't even come close to that! - according to coinmarketcap.com there are currently 1360 altcoins and their combined trading volume is nearly equal to bitcoin's trading volume in 24 hours i don't know about everyone else but this looks like Tug of War where bitcoin is on one side of the rope and 1360 others are on the other side and they are all barely pulling bitcoin!  |
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