Paid accelerator charges too excessively and not advisable, but if you meant ViaBTC free accelerator, Dantevos85 should know that only transaction with feerate of 10 sat/byte and above can be accelerated, any amount in fee lower than that can not.
It is not only a question of fee rate, but also perfect timing, considering that it can be successfully done only every full hour, and from my personal experience, even choosing a browser can play a role. Even if the transaction is successfully added, sometimes it is necessary to wait for several hours for Via to find the block, so all this should be taken into account. |
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The real adoption is when there are real merchants accepting BTC on their own stores. Unfortunately, store owners are encourage only to accept BTC when they see the government also adopts BTC.
When you write it like that then it seems like something that makes sense, but in reality things are completely different. The average user does not want to pay with BTC, and even if at some point they want to do so, they will have problems with their transaction because they do not understand what the fee is and how to set it correctly, what is RBF or what is a mempool... If we were talking about transactions in physical stores, then the problem is even bigger because sometimes the time from payment to the first confirmation can be up to 60 minutes - the solution is to make the transaction without the RBF option, but who will educate people on this issue? Would they have the chance to win if they sue the regulator? Sounds like more trouble ahead.
But didn't Gary Gensler already said BTC is a commodity? That see a green light to me for BTC to be approved ETF.
I think that with a lawsuit they would just touch the nest of hornets because people in the SEC are not of those who experience such things lightly. Grayscale should have more patience and not act like a spoiled child who threatens to do this or that if he doesn’t get what he wants. In addition, we should be very careful with what we want, because although most believe that the spot BTC ETF will affect the price in a positive way, it could create big problems for us in the long run. One interesting reflection worth reading : theymos
4 yr. ago
Agreed, an ETF will almost certainly turn into a disaster at some point. The coins will be stolen, forks will be handled controversially, there will be issues with fungibility (eg. someone will "trace stolen coins" to the ETF's stash), the world will freak out when a bunch of retirees lose their life savings after doing the equivalent of buying BTC at $20k, etc. etc. It'll also get the sort of people who love regulation more into BTC, which is never good.
But investors want it, so it'll probably happen eventually. In particular, I totally condemn trying to get regulators to interfere in the free market more than they already do by blocking any ETF. (When the SEC was last looking into this, I had actually written a long document that I was going to send to them in order to comment on many technical issues with their proposed Bitcoin ETF regulation, but I decided not to send it because I don't want to have even the slightest hand in regulations.)
An ETF probably will increase the price a lot (until the ETF suffers its near-inevitable catastrophe), which has some pros and cons.
Note that an ETF can't affect Bitcoin itself, just the ETF investors and the market. There is no voting of any sort in Bitcoin, so it's not as if holding a lot of BTC gives you any power over Bitcoin, for example. I do agree with Andreas that the creation of a "corpo-Bitcoin" seems probable, perhaps after the ETF loses a ton of BTC and wants to undo it. |
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With a share of over 95% in North America, can we even say that something good is happening in the rest of the world? If this isn't proof of the adoption of Bitcoin then I don't know what is. Mind you this is also a physical presence of Bitcoin at your every day convenience stores which I think is pretty powerful to generating more awareness to the general public and definitely fosters curiosity.
You make a conclusion based on an incomplete picture, because if the number of crypto ATMs on one continent is constantly growing and falling in the rest of the world, it is proof that 95% of the world is actually going backwards in this regard. In addition, awareness is one thing, and buying BTC on such a device is quite another - when people realize that they can buy BTC without a 10% fee, they will certainly no longer use such devices. |
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Not my preference but I can understand the thought behind it since people would want more familiarity and comfort and most everyone knows how to use an ATM.
Classic ATM requires a simple operation of inserting the card, then entering the PIN, and selecting the amount to be withdrawn. When you buy BTC, the process is a bit more complicated because you have to understand some basics - you need a crypto wallet, knowing what a public coin address is and what a private key is - although some ATMs offer the option to get a private key print, but I would always prefer direct transaction. As an additional step in the whole process, KYC can be included in the form of scanning a personal document or even verification by recording a video - of course all with confirmation by the code you receive on your mobile number. |
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I speculate that bitcoin might be worse than where it presently is during the autumn and winter. This is when energy demand will certainly grow. I reckon with increasing energy prices and a threat of a shortage in energy supply, miners might be forced to dump more of their mined bitcoins to the market for their cashflow.
If we take into account that miners can mine about 27 000 BTC per month at the current reward per block - then this is not a number by which they can significantly affect the price, although the real question is how much BTC they actually own. However, I do not believe that they are so stupid as to sell them on the open market and thus lower the price, for such things there is always OTC. As for the problem with fuel and gas prices, there is no doubt that it will hit the EU the hardest, which is not suitable for crypto mining given the already high prices. Crypto miners in the US or Canada should not be as exposed to increased prices as those who are still in China, which imports very cheap oil and gas from Russia and Iran. |
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I guess at this point it’s impossible to say if the bottom has been touched, but it’s certain that the situation has calmed down a bit as whales have more than obviously profited and are now enjoying exotic locations around the world. It is possible that autumn and the beginning of winter in the northern hemisphere will give us some answers - and until then we have no reason to think that the price will not go even lower until the end of the year. Guess what happens next time the market becomes unpredictable? Everyone looks to the prophets who got lucky that one time  And we all know that these so-called experts make so many statements during the year that at least one is accurate in the end - which is in line with the saying that exists in my area "Even a blind hen sometimes stings a grain"  |
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This topic was on the agenda at the end of last year (and maybe even earlier), and as far as I can see this is some kind of news recycling because we still don't know if this law will cover business related to cryptocurrencies, nor is it known how and where to apply for this visa. It would be good for the matter to finally be finalized and for the authorities in that country to start behaving like professionals, and not for us to read every year about how there are plans - so this is not planning a mission to Mars with a human crew Indonesia's 0% Tax on foreigners and digital nomads |
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Was all set on going for a ledger then a few negative comments takes me back to square one again.
I don't mind paying good money but don't want a wallet that is going to cause headaches & problems.
I have been a Ledger user for years and I have no complaints about the security of the device itself, but due to the hacking of the Ledger user database and the publication of hundreds of thousands of data including full name, address and phone numbers, I no longer consider them a company to trust. Does that mean I trust the Trezor more? Of course, not because they also have their security vulnerabilities in the devices themselves, but also because part of their database (allegedly only e-mails) has been hacked. If you are looking for something perfect then I have to disappoint you that such a thing does not exist - but if you want the greatest possible security then a properly made cold wallet really has no alternative. All you need is an additional device (computer) that will not have any contact with the Internet and the fact that you have to get used to such a setup. Here is an example of such a setup using Electrum -> ColdstorageSpecial note : it is recommended to verify Electrum files before installation. -> How to Safely Download and Verify Electrum |
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~snip~
Doing the math Bitcoin could still multiply 28 times from current price just to match Gold's market cap. Not bad at all if you ask me.
$20k x 28 = $560,000
As you said Lucius, 50 times is a little bit out of the range, but anything can happened with this inflation.
I wouldn't even say that the problem is that Bitcoin can't reach some value measured in fiat, but due to its speculative-volatile nature it will always be a problem how to keep that value - which leads us to the problems with trust that people have in Bitcoin long term. People are usually unable to bear to have their investment lose more than 50% in a matter of few months, or in less than 48 hours if we remember what happened in March 2020. From personal experience, more and more people are looking for some new coins that will bring them x50 or x100 or even higher profits because they perceive Bitcoin as something that is no longer so profitable. Although gold and Bitcoin have some common features, they are still two different worlds and therefore I think that gold will remain a far more accepted asset than Bitcoin for a very long time. Not only because gold is better (although it also has its drawbacks), but for the average person it is far more understandable than Bitcoin and has many more applications if we consider only jewelry making and application in electronics making. |
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Yet the biggest differences in prices can be seen if we take the examples of different countries, especially during times of high demand such as the bull market. If memory serves me well, sometime in late 2017 the price of 1 BTC was even about $5000 higher in South Korea or some neighboring country, so there were even some forum inquiries about how some plan to move there and take advantage of the situation.
I think this is the case in some other countries that are under sanctions like Iran, and where there is little liquidity and people do not have too many choices than to buy through DEX.
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Now that I have began investing in Bitcoin and plan to do so for many years, is it best if I just find a hardware wallet to store my Bitcoin on and leave the altcoins on the exchanges then?
What is the most convenient but still safe way of storing my Bitcoin?
After 3 pages of tips and suggestions that you received, you ask practically the same question as when you opened this thread? You don't seem to realize that the only real and correct way to keep your coins is in a way that only you are in possession of your private keys. It's up to you to decide which hardware wallet to buy or whether to make a cold wallet - because no matter how you set things up, the worst decision is to keep your coins on crypto exchanges, there's not too much wisdom. |
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Let's look at the facts. I have pulled the historical annual returns of Bitcoin since 2011 and the inflation rate of the US dollar.
The facts speak for themselves, and those who have been on this forum since the time when 1 BTC was worth only a few hundred $ know how smart it was to invest in the same, money or your time, in the end, didn’t even matter from today’s perspective. Bitcoin has proven to be an excellent investment in the long run, so although past results do not guarantee future results, I am of the opinion that Bitcoin is still a good investment, although it is not realistic to expect it to be worth 50 times more in 5 years than today.
But in general, it seems to me that in the long run, bitcoin still allows you to outperform inflation and allows you to save your funds better than some other financial instruments.
I agree, although I would always stress that we should be careful not to put all our eggs in the same basket - because although Bitcoin has great potential, it still depends on the availability of the Internet, and even more on how the world's most influential governments treat it. Any ban on trading through CEX globally or even treating possession as a criminal offense would have a detrimental effect on the price. |
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This is actually a wise step to increase a mass adoption of Bitcoin, but however, base on what I heard from online and other forums, I was told that withdrawing fiat from a Bitcoin ATM machine is quite expensive, as the operators charges high transaction fees just because they have only few of them, but if this number could be added, I think this will bring more competitors into the market, and as a result, cause a decrease in the transaction charges
If you missed reading my previous post, the US has over 34 000 crypto ATMs, and if I'm not mistaken with the ones located in Canada it holds over 90% of the total number of such ATMs globally. Regardless of the number of such devices, one should not hope that the fees will drop significantly, because the costs of purchasing, maintaining, and installing such devices are not cheap. Maybe someday in the future every ATM will have a crypto option and then the fees will be much lower than today, but until then we should not expect to buy or sell Bitcoin on such devices cheaper than on online exchanges. |
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Those are the latest 3 world currencies. We're about to enter the fourth one, Bitcoin.
It will take some time, but it will happen.
If you think that the world's leading countries will accept Bitcoin as the world's reserve currency, then you are living in a great delusion - no country will give up its national currency, especially not countries like the US, China, Russia, the UK or Japan. Maybe something in that direction will happen in 100 or 200 years when the way people think today changes, but in the short term everyone will continue to fight for their national interests by protecting their currency in all possible ways. Despite the fact that many predict the end of USD dominance, I have been listening to it all my life and I think I will listen to the same things for the rest of my life - and not much will change in this regard. |
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I will not be claiming that Bitcoiners are protecting the environment, but it is a fact that the blame of exploiting the nature is tagged upon the BTCitcoin community for a while even though majority of the big miners are using renewable energy and it is sad to see that we still have a tag and gets blamed.
I always say that Bitcoin is at the bottom in terms of how much it contributes to environmental pollution, but surprisingly it is always at the top when someone should be blamed for rising temperatures, endless masses of plastic and waste in the oceans, or perhaps cutting forests in the heart of the Amazon or around the world. This imposition of guilt will not stop even if mining is switched to 100% renewable energy, one should not be deceived about it. EU nations has to find a renewable energy source and majority of the countries should follow Iceland as they have the highest share of renewable energy in Europe and hopefully we will stop hearing the blame game in the future.
Iceland relies on hydro and geothermal energy, and the EU, as far as I know, has long since given up the construction of large hydropower plants, because regardless of the fact that they produce clean energy, the construction of such existences directly affects the environment, because large accumulation lakes have to be built, and that in most cases means relocating people from their homes - which is always a very sensitive issue. As for geothermal energy, it is true that it has huge potential, especially in some parts of the EU - but the gas/oil lobby still does not allow this resource to be exploited. The countries of the Pannonian basin, namely Hungary, Slovakia, Austria, Romania and Croatia sit on huge potential for geothermal energy that is so far very much untouched. While there are various geothermal heating plants in Hungary, and one power plant, the wider application of geothermal be it for heating only or also for power is so far very much underrepresented. The Pannonion basis provides higher temperature gradients than the average of Europe, actually around 10 degrees Celsius per 1,000 meters of depth. |
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I don't believe that there are as many as 13 000+ users who became owners of 1 BTC in just 7 days, but that this may be a result of some owners just distributing their BTC to multiple addresses, which is nothing new that we haven't seen yet. I’m not saying that some of all of these cases aren’t unique, but analyzing a blockchain is mostly in the realm of conjecture and the same data can be interpreted in multiple ways.
They are the ones who cry during bear and always expect bull run which is quite impossible. There will be always bull/bear since Bitcoin highly volatile cryptocurrency.
It’s no secret that most of those who invest in Bitcoin are interested in profit (mostly in the short term), but that’s always risky since they don’t know how to estimate when we’ve peaked and when they need to sell. Indecision combined with greed ends up costing them dearly - and instead they could profit by selling from $50k upwards instead of waiting for $100k. |
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Profits. They have sold out the privacy of their regular users so they can cater to large financial institutions and therefore increase their profits. No one who cares even the slightest about privacy should ever use Wasabi again.
But isn’t that bad for them in the long run given that sooner or later users will realize that that wallet doesn’t provide what it provided before? Or maybe they calculate that the average user will not understand that something has changed? As far as I can see, they currently have a review campaign on the forum, and they still claim to provide their users with the same service as before - although according to what you mentioned on another topic, they did not do their job well even before this decision. |
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A bitcoin ATM is used to purchase and trade cryptocurrencies like bitcoin using cash. More than 10,000 bitcoin machines have been placed in various locations around the US since it first became available in 2015.
Only 10 000 crypto ATMs in the US? At first it seemed to me that the number was much higher than that, and I was right -> Total number of Bitcoin ATMs / Tellers in United States: 34066In general, I don't mind someone setting up such devices, but it bothers me that people are literally robbed of fees when they use them (I've seen fees of up to 20%), and that they are increasingly used to promote some new alts and tokens, which is the case here. The average person usually always looks for a cheaper option when buying something, and some will always rather buy 100 coins for $10 than 0.00010000 BTC for the same price. |
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you can find best bitcoin mixer on here xxx/ but usually people on bitcointalk might using chipmixer but i personaly never try it .
You shouldn't just share links from such sites because some links that are there are definitely scam mixers that you can check on this link -> Scams Bitcoin Mixers List and Services closed
It should be pointed out that Wasabi stopped being reputable or even safe some time ago when they decided to cooperate with anti-privacy firms such as blockchain analysis companies to report all their users activities and also start censoring transactions.
It seems that many are not yet aware that there has been a change and that this wallet has literally become a threat to everyone's privacy. I’m not exactly versed in the reasons why they chose that path, but it’s weird that it happened. |
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