While your statements stand correct, it may worth also taking into consideration the fact that the vast majority of people don't have enough knowledge, hence will most probably keep using Chivo and it's internal way of settling transactions.
So while nobody is forcing anyone use Algorand, they'll still use it vastly without knowing.

I can say only one thing: whatever you're smoking, it's definitely too strong for you. You should take better care of your health.

Where this kind of assumptions come from? Did you make any bitcoin transaction ever?
Even now people pay transaction fees. Last 4 blocks came with 0.15, 0.08, 0.03 or 0.1 BTC for the miners from fees. When the network is more crowded, the fees increase greatly.
So.. one error in the logic is about the fees. People do pay fees already for the transactions and bitcoin didn't stop existing.

Even more, although you don't seem to know, but you also pay transaction fees in the fiat world, when you pay with your card. Just nobody cares to tell you that the merchant included that into the price you see for the product/service you buy and he's paying that fee to Visa/Mastercard (or keeps the difference if you pay with fiat).

Also, another problem I see is that the last halving will be around 2140. So you are trying to find the fix for a problem that might happen in more than 100 years. I think that too many things will change until then, hence it's too early for arguing about it.

Unless you send your coins to a custodian, which may or may not scam you, this is not possible with Bitcoin.
As the others said, with enough patience BTC does work for you, but it's not the amount of BTC that's increasing, it's the value of your coins that's increasing. (But keep in mind that bitcoin price can go up and down too.)

Sad story. But.. contacting you? Why on earth would somebody do that? Want to help somebody lose money? Want to "ask for donations"?!
Or want to "get help" from all kind of scammers? The internet is full of them.


It looks like you've made all possible mistakes.
1. You should have done research and should have been investing only if really trusting what you see. And not only for short term.
2. You should have been investing only money you afford to lose. This way you are not tempted to "sell low".
3. You became impatient. Bitcoin is not a get-rich-quick scheme.
4. You seem to get interested in Bitcoin only when price is high / FOMO is in place. While for some people this is fine, together with your lack of patience this is the sure losing strategy.

Some can turn 30k into 1M, they really can. But it also depends how much time and patience one has. And whether he can afford to lose that money.
But you have kinda proven already that this is an unrealistic plan for you. I don't want to offend you, but you seem to be the typical impatient FOMO buy-high and panic-sell-low. Sorry.

It looks like you do more rolls per second. It can easily happen depending on how fast your internet is and how fast freebitco.in is.
If this is a problem for you, put a sleep (somewhere between 0.5 and 1s) between 2 rolls you make.
I don't know though how you do sleep in js, but I've looked this up for you (beware, it works with milliseconds)

Imho, in order to be correct/accurate, it worth adding that fear/greed states/indexes are not related to the actual price of bitcoin, it's at least related to the trend and it's speed/slope.

Did you do some basic research about this website before playing so much money there? No? Why?!
Unfortunately you're not the first one with problems there. And, since people never learn, you'll probably not be the last one either.
All I can tell is that I'm sorry for you. Quite a costly lesson.

I am sure that from now on you'll look more carefully and use the services of websites with much better reputation.

Very well pointed out. And I will point more exactly to https://bitcointalk.org/index.php?topic=5370521.msg58664685#msg58664685
Shortly: Ledger Nano S is about to get discontinued and replaced by Ledger Nano S+ that will have a bit more memory. So, even if you ignore the other things against Ledger, it's by far "not the best moment" to buy Nano S.

It's always safer to have the money under your control if you can manage to keep your wallet and seed safe.

Your initial questions are rather unclear.
* Keep in mind that transaction fee may or may not be the same as the withdrawal fee from a service (usually the services charge a bit of extra, although this should not happen with mining pools).
* Keep in mind that one transaction with multiple inputs is still cheaper than multiple smaller transactions. Also if you have a big number of small inputs in your wallet it will be more expensive to spend them. On the other hand, if you don't trust (yet?) the service you're using, it's clearly advised to withdraw more often and maybe consolidate your funds.

I see a couple of possible problems:

1. Was the seed created by Electrum or by something else? If not recovered correctly there may be that different addresses are obtained.
2. Is there any chance OP has recovered from another wallet's seed? Is there a chance OP has created a new wallet instead of recovering? Is there a chance for extra/custom words (or even spaces) being set?
3. If the addresses match with the old/known wallet's addresses, maybe somebody has already stolen those coins. The transaction history for those addresses should tell the story.

OP, do you know at least one of the old wallet's addresses? Is there a chance you could try to recover your wallet with Electrum on a laptop/PC? (Make sure it's downloaded from Electrum.org and verified)

That was my point indeed. Thanks for clearing it up for OP.


I've received mine too. Strangely as 2 inputs.
And as promised, I've deposited back for more tests.

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Update: now the website is "temporarily unavailable"

There was one point about withdrawals: I should have had 0.001 BTC locked for the order, still, the withdrawal page allowed withdrawal of my full amount, including that 0.001 BTC. Imho this can lead to problems.

And my withdrawal was not honored - no coins have arrived to tb1qs026jqnqceuuk0th3krkqhlfnx6l8d4k8qf4rh, and my account balance also shows now 0 BTC.
The lost tBTC is not a problem, I was actually testing the withdrawals , but you should know about it since you may have a problem there (whether is it an error or just a delay, I can't tell)

I may give it another try tomorrow.

Brain wallets are unsafe. This is either a mistake, either a bad choice of words.

The seed for HD wallets (which some may confused with brain wallets, until they learn) is, on the other hand, secure if created with a proper good tool and in a safe environment, but should not be memorized as a backup. That's a sure way to lose the funds! The seed has to be kept safely, offline, in a written form. People forget, people suffer accidents or strokes, human mind is just not good enough.

And two more tips:

* consider buying hardware wallets for your coins if you plan to spend
* always double check the addresses you paste and the amounts you send when you do transactions.

Nah, he just loves to troll about the price. He's doing it for (too) many years.

@proudhon, nice to see you posting again! Your presence tends to become a good signal for price starting to rise again

As said, your computer is probably infected.

For the future: cleanup, or, better, reinstall (make sure though you have at hand your windows key).
In the next transactions always check/compare the copy/paste addresses (and much more than just the few first characters in the addresses).

A separate partition with a Linux (maybe Mint is easy enough) only for Electrum/transactions could be an idea to think about. Or even a hardware wallet. (this because if you got today a clipboard malware, "tomorrow" you may catch something much uglier)

Keep in mind that the day has started with news about internet being (partly) restored in Kazakhstan.
Although there was little to no effect on global hash rate (despite the loud news on the matter), it may be a new (reversal) signal for somebody...

Let's see how long it takes until the Russian armies will go home (at least the visible ones). It is known that the Red Army comes easily "to help out" in a country, but it cannot be convinced too easy to also leave.
However, I expect another Belarus there, not another Ukraine.

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And about the impact on crypto... the hash rate looks good (it didn't actually drop as much as some claimed) and the news of the day tell that the internet is partly restored too.

Indeed, I've checked and we have higher hash rate than we had at ATH. And we keep having that for the last ~20 days excepting for a short time at New Year's eve.

And the newspapers over the world still take/translate/spread the news bitcoin hash rate was hit because of the problems in Kazakhstan.
And the price is still in the "fear" levels.

I start to wonder what news sources can actually be believed nowadays...

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And on the same page. I don't know if you've been reading the latest news, but now they say:
Kazakhstan unrest: Internet returns to Almaty following a five day outage
Major Mining Pools’ Bitcoin Hashrate Nears Recovery as Kazakhstan’s Internet Is Partially Restored (what an interesting choice of words, LOL!)

I didn't know about it, sorry.
From what I see it may not be a problem. At least the example I've looked at seems to have the backup with proper latin characters.
So if one searches with wrong characters.. it should be his own problem... And changing that may not be OK because those characters may be valid on certain regional/national pages.