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it is the adoption that started booming with Japanese regulations for bitcoin and then it followed up by a lot of similar news from all over the world. then it was followed by the activation of SegWit and all this put bitcoin on the radar.
wherever you look this days you can see people talking about bitcoin. that increases the adoption and price.
this is the "why" of it.
and it is just starting up. you can expect a lot more rises and bigger rises in the future as this process speeds up. 10K is not far.
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this is mostly bullshit news, and coming from cointelegraph there is no doubt left they once again published crap like this.
first of all mining needs efficiency, you can't just embed "chips" in random home appliance and get them mining bitcoin.
secondly it is the heat they generate which can cause any of these houshold items to stop working
thirdly is the electricity they are going to take. you think people are just going to stand by and let their air conditioning take twice electricity as it is supposed to!!
and finally the dumbest part is that they need internet! you can't mine without internet and i am not going to let something i don't know connect to my network and use it without my permission!
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I know that for some of you, you can withdraw it directly to your bank account using wallets like coinbase but this feature is not available for many countries.
Since its not available in my country too I always withdraw my bitcoins from my address to payza then from payza to payoneer (by using exchangers).
How do you guys withdraw your btc?
i have tried a method like yours to go through a fiat payment processor and then to my bank but that costs a lot more fees that i am willing to pay. the withdrawal fees were also increased in the exchange that i was using so that is never going to be profitable. now i find someone on localbitcoins or a similar place to sell bitcoin to. of course by now i have someone who i am always selling to and i get a much better deal than the other method. |
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Antpool is no enemy of Bitcoin.
Just from Bitcoin Core.
Why?
Bitcoin Core is now:
More slower: +20m between blocks.
More expensive: +$60 fees.
More insecure: BCH 50.17% hashpower.
Fucking true story!
yeah Antpool is a saint. bitcoin core is shit much more slower: 1 block every 3 days much more expensive: fees are 2 billion dollar per transaction much more insecure: nobody is mining bitcoin anymore, there is only one person in his basement mining it with a cell phone. everyone is mining BCH now. even aliens are mining BCH, yesterday i read some Martians have started mining BCH because they find it very good for their planet. the hashrate of BCH is not 1 quadrillion PHS Fucking truer story! /s |
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you are too fast at jumping into conclusions about exchanges. and for what? just because you were unable to reach the website once? and your first thought is that it is either hacked or scam!
by the way, the site has been up all day, i made a couple of trades there today and made some small deposits of some altcoins that are only available there.
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since the correction has happened multiple times, many small dips and at least half a dozen big drops, i can say that there is no room for any more corrections the way you think. with the price rising it proves that market is more ready for the rise than you may think and the support is strong for this rise specially with the good news of SegWit. besides a big rise doesn't have to mean a big "pullback" is coming! take a look at the chart in this topic: https://bitcointalk.org/index.php?topic=2093528.0a big rise or big numbers for price doesn't have to be scary, they are possible. it is just new to most people in bitcoin because they have never seen any other market in their lives. |
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funnily enough there are a wide range of speculation about the price of bitcoin by the end of this year and most of them are speaking of very huge prices such as $10,000 and above. i personally don't know anymore  before activation of SegWit things were more predictable, with a slow rise over time. but SegWit put an end to the old scaling debate and opened up way for bigger rises. we saw the rise from $2400 to $4000 (mostly) because of it. and we can expect much more at a faster pace. your 8K prediction no longer seems far to me. |
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I am willing to bet kwuk has a stack of btc. He gets superstitious and anxious when the price goes up and posts up this troll stuff. The pattern is pretty clear.
i have a lot of different theories about dear kwuk here, most of which involve him getting paid by some entities to post stuff like these here. and i am still struggling to come up with the reason why he does what he does. the market is evolved beyond the small newbies being affected by a random topic on bitcointalk talking about doomsday! |
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if you want to buy 10BTC worth of an altcoin things become tricky. but if you want to buy 2000 of some altcoin it is much easier.
with that said in your example first your numbers are a bit wrong. (changed the size(XXX))
ASK(BTC) SIZE(XXX) TOTAL SUM
0.1000000 30 3.000 3.000
0.2000000 15 3.000 6.000
0.5000000 8 4.000 10.000
now to buy 10BTC worth of XXX you just click on the price (0.5BTC here) and set the total to 10 and click buy. if you have enough to cover the fees you will buy (30+15+8) 53 XXX.
if you set the price on 0.5 and set out to buy 15BTC worth of XXX, you get 53 XXX and will have an open buy order placed at 0.5 and the size of 5BTC.
same goes for selling. the system will automatically start filling the orders from top and goes deep until it reaches your price, if there is still something left over, it places a new open order for you.
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and for with this topic the record for people talking about market cap which is a meaningless number for cryptocurrency market has been broken.  and meanwhile about 80 billion dollar of this "number" is still completely meaningless as almost all the altcoins have fake, premined supply which bloats their "number". market capitalization is used for a company and its shares and that number becomes meaningful because you are multiplying meaningful and real values by each other. New ATH highs reached are always nice. Might be meaningless, but keep people motivated andmay serve as propagando for cryptos. meh, i prefer to look at the stats that really matter. like for example the data that bitpay releases every now and then about the number of transactions they have processed or the million dollar total purchases that go through them. or the stats such as the growing number of merchants that are accepting bitcoin in Japan and hopefully in other countries. |
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and for with this topic the record for people talking about market cap which is a meaningless number for cryptocurrency market has been broken. and meanwhile about 80 billion dollar of this "number" is still completely meaningless as almost all the altcoins have fake, premined supply which bloats their "number". market capitalization is used for a company and its shares and that number becomes meaningful because you are multiplying meaningful and real values by each other. |
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what news? LOL!
i think you have heard something somewhere but you don't really know what they were talking about.
dumping the news means when the good news comes out and price rises, you sell. not a week after the news and after every rise happened and everyone sold and it came down and the bottom was reached and the correction was over and then price recovered back up too!
you like the guy who got the party when everyone is partied out and are leaving and are shouting "lets get this party started".
right now we are getting ready for the launch to the moon.
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... given full mining of all blocks (21 Million) times the number of transactions that most blocks carry (which is around 2500 in average) - there is room for *only* 52.5 Billion transactions.
you think there are only 21 million blocks? where did you get that? 21 million is the maximum number of bitcoins that are allowed to be created ever. or the cap. it has nothing to do with maximum number of blocks. in fact there is no cap for how many blocks can be mined! it is restricted indirectly by the storage space though. but as long as bitcoin is alive and someone is mining it, a new block can be found. ∞ * 2500 = ∞ transactions! is my calc accurate more or less, or am i missing something?
if you want to calculate how many tx can be handled you usually do it in a fixed timeframe for example how many tx per second or TPS. |
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it probably will reach $5000 sooner than you think. right now it is the day of activation and you can't really expect much on this day because this day is already priced in, more or less. although there was a little rise today.
but after a week tops things can change and the rise can start. simply because of the non-stop good news that will come out from now on. and we still have a whole month of September for rising.
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this has been a question for as long as i can remember, people asking or thinking about going full into bitcoin and have it as their primary earning potential.
to this i have always said one thing and i think i will stand on it forever. i think it is not such a good idea to give up financial security of a full time job (relatively safe) to go into bitcoin which is so volatile and unpredictable.
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either IRS was played and someone sold them some application or something that pretends to do what the article describes, in which case kudos to whomever pulled this off successfully or they have the regular blockchain analysis thing that existed for years and have been done by some companies so far and they are overselling it to scare people into paying their taxes more. |
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dude this won't last forever!
let me put it in a different way:
you release a coin that can be sold for about $600 and then ensure that the difficulty won't change for a specific amount of time and during that time it will remain low.
now imagine a miner who can find 10 blocks out of 144 blocks in a day.
this miner with the same power can find 100 blocks out of 1000 blocks in a day on that alternative chain.
10 * 12.5 * $4000 = $500,000
100 * 12.5 * $600 = $750,000
as soon as the difficulty is adjusted according to the current hashrate it will change back to the following reality:
10 * 12.5 * $4000 = $500,000
10 * 12.5 * $600 = $75,000
and when the price of BCH fell more it will be a new reality:
10 * 12.5 * $4000 = $500,000
10 * 12.5 * $300 = $37,500
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it is partly because they are giving away free money to anyone who mines bitcoin cash these days. right now you can find a block every 1 or 2 minutes there so obviously miners prefer the free money for the time being until the difficulty is adjusted and they move back to the real valuable coin. during this time there is a longer time for finding blocks.
on top of it we always have the spam attack issue with bitcoin and block size is still 1 MB with no SegWit since it is not yet activated.
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to my knowledge "258: txn-mempool-conflict" means there was a conflict when the node (blockchain.info's node) tried to validate your transaction to put it in its mempool.
most of the time it is because of double spending or creating an invalid transaction.
but also i believe you will get the same error if you include a very low fee too. (less than 1.5 satoshi/byte)
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