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4661  Bitcoin / Bitcoin Discussion / Re: 1 BTC = 250x fees then you will remain with 0 BTC on: May 28, 2017, 12:47:36 PM
The average price right now for a transaction that would be confirmed in less than 25 minutes is 0,005USD/byte and the average TX size is 250 bytes, so 0.005 * 250 = 1.25USD.

If you are not in a hurry and can wait up to 24 hours, you can go with a 0.001USD/byte, so 0.001 * 250  = 0.25USD.

That's pretty cheap IMO.


Yeah, but what that means you are not in the hurry? One of the Bitcoin advanatges was, and I say was because seams like that was long time ago, that your funds are available to you fast and easy, wherever, whenever. Now this is not so anymore and sometimes with even very large fees you should wait more then couple of hours for confirmation. This is not good service and makes people abandon the Bitcoin despite the high price.
4662  Bitcoin / Bitcoin Discussion / Re: Buy 1 Bitcoin on: May 28, 2017, 12:38:42 PM
I checked twitter account of Travis Patron. Apparently he likes to create catchy bumper stickers type of tweets.

For anyone interested - he also tweeted that:  

- More millionaires will be made with #Ethereum than any other technology in human history.

- Sad but true: /r/bitcoin has devolved in a censorship ridden cesspit. #bitcoin

- Owning 100 #bitcoin will give you the financial momentum to never have to work again.

Source: https://twitter.com/TravisPatron

Just to make comment on the part of owning 100 Bitcoins. In current situation wehen the price is on the way up with tendency to escalate this seems very possible. But we have to have in mind the volatility of Bitcpins and how easily the price could change. So, a year ago you neede 1000 BItcoins or more now it's maybe only hundred but who knows what the next period of time will bring.
4663  Bitcoin / Bitcoin Discussion / Re: The first bitcoin bank! on: May 28, 2017, 07:24:40 AM
This still isn't the true Bitcoin bank, they have some traditional financial business and they just added Bitcoin as an option. The question is would people embrace the Bitcoin banks with all their features, once they appear, having in mind all bad experiences they have with traditional banks and would that mean that Bitcoin has become centralized.
4664  Economy / Economics / Re: panic selling on: May 27, 2017, 06:15:06 PM
I saw some panic selling with this recent correction. Like every time in similar situations like thi some Bitcoin users realy start to panic and think they will lose their all their funds if they don't sell. I hardly convinced some of them not to do something they could regrett very soon and that they have to wait for a while for price to get on the way up again.
4665  Bitcoin / Bitcoin Discussion / Re: The Reason Bitcoin will always be #1 on: May 27, 2017, 05:47:20 PM
One of the reasons why Bitcoin is so dominant is the price, the value that it has. Many altcoins are trying to achieve this but so far without success. Bitcoin is the most accepted in real world and could be used for buying real things. Besides, I don't think there is much space for many cryptocurrencies.
4666  Economy / Speculation / Re: After the Correction...Will Bitcoin Fly? on: May 27, 2017, 05:31:33 PM
The situation with Bitcoin price is changing very fast. At the begininig of this year I didn't think the price will reach 2000$ and the other day we almost reached 3000$. This was necessary correction I would say and now the price sticks around 2000$ again. I would say 6000$ is too much to expect so soon but on the other hand not so long time ago 2000$ also seamed very far away.
4667  Bitcoin / Bitcoin Discussion / Re: How to find security in fiat now without banks and bullshit? on: May 27, 2017, 07:06:33 AM
Every legitimate platform exchanger and similar services are nowdays obliged with different rules and laws such antimoney laundering or counter terrorism so they will all ask you for you personal data. That is also one of the reasons why Bitcoin has lost a great deal of the previous anonimity. I'm afraid there is no simple answer to your question.
4668  Economy / Speculation / Re: We're reaching $3,000 soon! on: May 26, 2017, 07:41:03 PM
At the moment it seams that we are heading towards 3000$ and more but we have to have in mind the volatility of price and how fast things can change. Everyone is dreaming about getting rich but this will not happen over night just with the price rise. Still will patience, work and investment you could.make nice profit.
4669  Bitcoin / Bitcoin Discussion / Re: Is bitcoin transaction fees fair? on: May 26, 2017, 04:17:52 PM
Depends who you ask, miners will say the fees are more than fair, users will complain. Personaly I think we have to find some kind of balance because there are too many unconfirmed transactions these days. I understand fees had to rise a bit but for the price we are paying we have to get satisfying service and that often means faster confirmation time.
4670  Bitcoin / Bitcoin Discussion / Re: Would you buy Bitcoin now with hard cash? on: May 26, 2017, 03:54:16 PM
I always say that earning is.much better option. There are many options and I think that everyone can find something that suits him the best. But still buying is also an option if you have some extra funds that you don't need because I beleive the price will continue to go up so this could be profitable investment.
4671  Economy / Economics / Re: What power does Traders have on the Bitcoin price ? on: May 26, 2017, 03:28:21 PM
I don't think that traders directly determine the Bitcoin price. Maybe the wales ans that ones who trade realy big sums but it's more thing about the demand and supply. Despite some theories I don't think that any group isn't powerful enough to control and influence the Bitcoin price on their own.
4672  Bitcoin / Bitcoin Discussion / Re: Hotels accepting bitcoin on: May 26, 2017, 03:04:24 PM
This would be nice but at the moment I don't know any hotel where you can pay with Bitcoins, online or on the spot. I only know about some websites where you can pay with Bitcoins for air tickets. Maybe some hotels are advertising this service but actualy you can use for payment only Bitcoin debit card not with Bitcoins directly. Hope this will change.
4673  Bitcoin / Bitcoin Discussion / Re: How many will you have out of 21 Million? on: May 25, 2017, 02:59:50 PM
I will not live long enough to see the last coin mined. I.will have some savings in Bitcoins, hopefuly, but I will not millionare. Let's see how the things will develope, hope the price will continue to go up this way and hope that some issues that Bitcoin has now will be solved soon.
4674  Bitcoin / Bitcoin Discussion / Re: Bitcoin OVERFLOW => If You Are Not Rich Now :) It <Mean You'll Never .... on: May 25, 2017, 11:46:01 AM
Looking at the price now probably everyone is secretly hoping to become millionare. This is the good time to make nice profit but things can also change. Maybe not soq deeply but still we have to have Bitcoin volatility in our minds. Nevertheless, I hope this will last and Bitcoin will continue to rise.
4675  Bitcoin / Bitcoin Technical Support / Re: WAITING 5 DAYS FOR CONFIRMATION WHY!!!??? on: May 24, 2017, 06:12:09 PM
Seems like this nightmare with unconfirmed transactions never ends. More and more users have this problem and the solution can't be seen. But this affects negatively and some Bitcoin users have already gave up. Something should be done quickly before this problem escalates.
4676  Economy / Speculation / Re: Bitcoin Will Hit $1 Million In 5-10 years, What’s your say about this? on: May 24, 2017, 01:00:44 PM
This is crazy speculation. First, this is very far future and we can't say for sure what will happen. Also, I beleive that Bitcoin price will go up and that the price wil be realy high but millions of dollars sounds too exaggareted, we have to be realistic. Let's face it, no one will become millionaire over night.
4677  Bitcoin / Bitcoin Technical Support / Re: 6 day my transaction not confirmed ! on: May 24, 2017, 12:11:36 PM
You can also try to accelerate it using viabtc.com (thnk that someone has already suggested that). They receive huge amount of transactions to accelerate so you shoud try every full hour until you have success to submit it. And you realy have to be carefuly about the fees when you are sending coins. And avoid blockcahin wallet because there you can't control the fees and in situations like this is prety much useless.
4678  Bitcoin / Bitcoin Discussion / Re: Criminality and Bitcoin on: May 24, 2017, 11:47:00 AM
I wouldn't say that Bitcoin itself have increased criminal activities but it made it esaier in some way. Because of the great deal of anonimity Bitcoin is appropriate for paying for illegal goods and services, also for money laundering so many criminals take this advantage. Criminals are also implementing new technologies, we have to be aware of this.
4679  Bitcoin / Bitcoin Discussion / Re: i have a heck of a good feeling on: May 24, 2017, 08:19:53 AM
Everyone has a good feeling these days and price realy looks wild so some people have some realy wild thoughts about Bitcoin price too. The truth is that no one can exactly say how the situation will develope in the future. Maybe the price realy will go up to 10000$ but it could happen thath this now is a peak for longer period of time.
4680  Economy / Speculation / Re: Is this a pump going on? on: May 23, 2017, 05:12:12 PM
The pump is not embracing only Bitcoin but.many altcoins too and I don't think we had similar situation before. Price is rising realy high so some have doubts that this is just a baloon which will burst soon. Having in mind past experiences this is possible but I hope this time we are on the constant way up without deeper obstructions.
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