I never use low fees, don't trust them.
I use Electrum wallet and always pay the highest fee possible.
I've had problems before trying lower fees and its not worth the hassle.
Normally I'm moving 10 BTC + so I don't mind paying $5 + for a transaction
It seems that the fee of BTC transactions which really depends on the size of a transaction give benefits to those who sending bitcoin with large amounts of money. Because, as long as the size is small, you'll seem only required to pay a little amount of money. But the bad thing is, just like what I've experienced in recent days. Sending 0.00286 BTC and take about 0.001 as a fee. Really a bad thing for micro transactions. I think before you send bitcoin check always this site for updated fees here https://bitcoinfees.21.co/If you are using multiple bitcoin address and your funds was receive on different bitcoin address in your wallet i think if you send it to other the transaction size is high.. so for me right now better to use one address only so that you can not pay for high fee and use dynamic if you are using electrum it can gives you fee estimation so you are far to pay for the fee for slow transaction.. The address that the funds were received in your wallet affects the fees?! I'm confused That's right, the output and inputs inside of a transaction really affect the fee because it's increasing the size of a transaction. If you're really curious. Try to claim from various faucets into one address which is yours. Then, try to move out your funds that you get from the faucet before into another address, there'll be so many outputs in just one transaction that could overwhelmingly increase the size of the transaction. |
|
|
|
I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.
It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.
Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?
In a word - no. Though I don't know how long you'll live (hopefully long  ) or how much you spend. If you're thinking 1 BTC might be worth like $500,000 in 20 years, I think its very unlikely. For me safer would be to hold various alts rather than only btc over the long run That's like expecting something which has a high possibility of not happening. Maybe within 20 years, bitcoin could be that valuable, but, what if thing happens the opposite. Then you'll sure need to work again to fulfil your expenses while actually, you should've to enjoy your life in your retirement. Better to keep something for your future in form of precious that always stable and steadily increasing its price overtime. |
|
|
|
I never use low fees, don't trust them.
I use Electrum wallet and always pay the highest fee possible.
I've had problems before trying lower fees and its not worth the hassle.
Normally I'm moving 10 BTC + so I don't mind paying $5 + for a transaction
It seems that the fee of BTC transactions which really depends on the size of a transaction give benefits to those who sending bitcoin with large amounts of money. Because, as long as the size is small, you'll seem only required to pay a little amount of money. But the bad thing is, just like what I've experienced in recent days. Sending 0.00286 BTC and take about 0.001 as a fee. Really a bad thing for micro transactions. |
|
|
|
I'm not from xapo nor connected with them but I say that they are a real business and legit wallet. They have a good reputation but because of the changes now that makes me think of continuing to use them, they have bigger suggested transaction fee rather than with blockchain.info but when it comes to legality, they are real.
I have found out about Xapo few weeks ago and only after there were a lot of threads about that they were fee free and now became with fees. I don't use this site, so I can't say anything bad about it, neither good. If you want to try them, I can say they are good and one of the trusted. People are looking for free within these days and you need to remember that bitcoin transactions are not free anymore and in this world most of the things are paid and they are not scam or something like that. It's one of the best web wallet I used. Well, bitcoin is not free from the start so there's no word "transactions aren't free anymore", But it's right that by using XAPO you can take advantage of its free charge of the fee. Though, there are some people already that said XAPO's deposit address often changed but if you have a lot of free time to contact the customer support, it'll not going to be a problem. But keep in mind. For those who only have a really small amount of BTC below 0.001. Don't expect to use the fee-free feature. |
|
|
|
Correct me if im wrong, you are able to make a few cents with fiat online opportunities, maybe 0,04-0.20 dollars daily with a lot clicks at several websites, you can earn those same value with faucets or something else, the thing is bitcoin and crypto world has changed a lot, nowadays you are able to earn a decent ammount and well scamers still around but you can prevent it before.
That's for sure because the overwhelming price increase of Bitcoin compared to back then. But, as you can see, many of faucets are now dying because they can't afford the expenses of running it. They're having the revenue from the ads but it now only gives them a little amount of BTC, therefore, the only option is to stop their faucets. Preventing to be scammed is simple, you just need to use escrow, but, you must be careful of virus or ransomware which already spreading around. |
|
|
|
Usually, after a sharp price climb, such as that of the last month, there will be a couple of corrections. Don't buy yet. Wait for a couple of corrections before buying BTC. At the moment, the price is quite high, but I am expecting at least another correction before a stable price.
Actually right. It's have been proven for many times that after a sharp price climb as you mentioned, there will always be a price correction that makes the price gets dumped hard. People can do the math and make a comparison with the recent price corrections in the past. But, I'm pretty sure that there will be no price correction until at least the price hits $3000, so, don't miss the train. but TBH, it's a mere speculation, nothing is obvious and do with your own risk. The stable price already occurred a few days ago and now is time to go to the moon. |
|
|
|
My web wallet is charging me about 1.8$ per transaction but it confirms within an hour though, some times less than an hour and this is huge if you're sending smaller payments so I will advice people to use Bitcoin torvhigher transactionscat least until a solution is applied to the current issues.
With the current rate of bitcoin, 1.8$ supposedly to be 0.00073 while the average fee needed for a transaction to be confirmed within the next 3 blocks is 0.00088140 (from https://bitcoinfees.21.co/). No wonder why it's still taking an hour for just a confirmation. Even my transaction which I made a day ago uses 500 sat/byte as a fee and still unconfirmed within 2 hours. If you want to make a transaction, always be sure to check the current recommendation on that given site above, otherwise your transaction will either stuck or have too much fee(not wrong btw). The scalability issue seems will not be solved very soon, the only way is to use the recommendation fee as your advice. |
|
|
|
Thats true i were looking on the last days to get a solar energy panel, but the price of it is very big, even if i do sell some energy to my currently provider its an investment i will recover into 6-10 years, and i dont know if i will still the same place where i do live. I really hope this project can grow and reach all countries, being able to purchase equipement with bitcoin would be amazing as well.
We are on the same boat my friend. Solar panel is still expensive to my country and if this project will become successful in the future, globally, we can all benefit from it specially if it is available to the masses. Well, it's the same here. The expensive price of solar panel make it not affordable even for people from medium class, they can't make their own electricity out of this alternate energy due to the lack of money and hardly be applicated. if this project could solve that, I'm pretty sure this project will make a better world. |
|
|
|
I can imagine that many of the 'Bitcoin millionaires' have lost their wallets around 2011 to 2013. I had a wallet with hundreds back in 2012 but I sold them for chump change like a wimp.  That must be a serious pain in the ass LOL. Bitcoin millionaires today I'm pretty sure really take care of their wallet back then. So, they can become a millionaire today, the rest who don't give a shit ended up depressing for missing the chance to be instant millionaire. Pretty curious about how the guy who bought pizza feels about today's rate because it's as the same as chump change LOL. |
|
|
|
https://www.bloomberg.com/news/videos/b/4a0b16dd-6783-4dac-9fa0-76e923c9a774According to this link, a bloomberg news site, it was mentioned that there are two hotels in LAS Vegas that accepts bitcoin as payment for hotels, food and drinks. If you want to visit this place as a tourist or to gamble and you happened to lost your money to gambling you can always use you stored bitcoins to get a room to sleep and relax and enjoy the food and booze. Hotels in my country have not accepted the bitcoin payment. I think bitcoin will be more popular in the future. It is great to know that some hotels were now accepting bitcoin as payment, here in our country we do not have that yet but now we do have bitcoin atm in which you can withdraw your bitcoin and is now looking forward in having a bitcoin atm through out the country. As of today, we are using bitcoin as way of payment online and transferring money. that is really a very good news to hear about bitcoin. although in my areas still there is not a single hotel who are accepting bitcoin. but i am sure that where soon in my area where the users of bitcoin will become increase then even in my area hotels will start accepting bitcoin. but i think still it will take a lot of time, because the users of bitcoin in my area are still very few. i think still they need ore introduction about bitcoin. Don't expect that to be happening unless the government has released regulation regarding of this matter. None of businessman/woman is going to use additional payment method such as bitcoin which don't have clear regulation because it's as the same as putting their business in danger. The government may accuse the business of doing illegal thing and accepting currency which not yet recognised by the government. Overall, a wise thing to do for the businessman to stay calm. |
|
|
|
Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
The main reason people doing trading in multiple exchanges is not because the arbitrage reason. Most people use multiple exchanges to trading is because availability of the coins they want to trade. For example.. I love trading on Poloniex, but they not provide or listed waves coin on their platform, so I go to bittrex just to be able to trade waves. That sounds right. Doing arbitrage sometimes just too complicated and the price margin is not too big, for me TBH better to stay at the same exchange. But, if the specific coin I'm looking for is not available, there's no option but to switch to another exchange. So far, I've used 4 popular exchanges for various altcoins. Just keep in mind to maximise your security on every exchange by enabling 2fa. Though, some exchange may take some time to list a coin. So, if my favourite exchange is done listing the coin I really wanted, will move my funds out of low priority exchanges. |
|
|
|
With people mining all the time and generating money for their needs, and sure bitcoinshe can thus improve the economy, the government need not worry about employment rates since it's going to go down.
A number of miners in some country specifically outside China aren't really that big and also, it needs a really good rig to make a pretty decent profit out of this business. By seeing that, it's crystal clear that the mining activity doesn't give affect that much towards countries' economic and will seem not to improve it even a little. Assuming the earning from mining activities is considered as the same as earning from the internet, other sources of money such as youtube or google ads will far surpass the profit of the mining. |
|
|
|
rich with holding bitcoin  . I don't know if anyone holds bitcoin for 2 years "it's a long times" because most bitcoin holders will sell it if there is a price increase. imagine who can hold the bitcoin for that long and enjoy the result of being a new rich people so it's amazing. LOL. Thinking the same here. Someone who has invested to bitcoin with their "little" portion of their wealth will always monitor the price movement resulting them to panic when the price just increases and sell it in order to get a profit. Unlike so many people back then who buy/mine bitcoin and just don't give a flying shit for few years. I'm just thinking that people who could hold that much BTC are actually already rich before the start. They can buy that much BTC by using their money, oh well. |
|
|
|
Well cash will still be better than bitcoin that's because as you said, you work on real life, in fees I think for me the tax are the fees but here in our country they will return some percentage so its okay, you can buy anything with money, for confirmation time I would say if they pay you direct deposit in your bank, for exchange yes there are no risk as long as you don't get holdup by thieves, and yeah everyone knows about money because its the most important thing in this world right now. Bitcoin still has many flows, the exchange rate is not constant so its hard for bitcoin to bit cash.
Yeah I agree there are many situations that compel me to say that the cash is better than the bitcoin. In cash based transaction, you don’t have to wait for the confirmation of the transaction nor do you have to pay any extra charges on the payment transaction unlike the Bitcoin. The bitcoin fees are way high and are increasing more which proves that cash is the better one. Actually, you don't need to force yourself by blindly using one of the options for every transaction. It's you who have the right to choose based on your needs. You say cash is more benefitable, alright, just use cash then. And when at some point and circumstance you find out that bitcoin is benefitable, simply use it. No one forbid and you always have the right. So, comparing it based on daily use is actually doesn't really match well. |
|
|
|
If I'm sending coins to my own wallet this would make sense. Who cares how long it would take to confirm, as long as it's at some point. The issue is when people try to mix coins or they're sending money to someone else they don't pay enough and it really screws things up.
Most of the users are using low fee for sending fund, we do not like to pay for higher fee because we know that there is a traffic in the blockchain even low fees or higher fees it depends on the wallet you are using. That's bullshit and you're really wrong. The type of wallet doesn't AFFECT the speed of a transaction. It's all the fee which always be the factor of how fast a transaction could be confirmed. Rest assured, when you're using low fee and far below the current recommendation, it doesn't matter whether your wallet is premium or platinum, your transaction will have a big possibilities to be rejected by the network. |
|
|
|
https://www.bloomberg.com/news/videos/b/4a0b16dd-6783-4dac-9fa0-76e923c9a774According to this link, a bloomberg news site, it was mentioned that there are two hotels in LAS Vegas that accepts bitcoin as payment for hotels, food and drinks. If you want to visit this place as a tourist or to gamble and you happened to lost your money to gambling you can always use you stored bitcoins to get a room to sleep and relax and enjoy the food and booze. Fortunately, the hotel accept Bitcoin. As can be seen, they grasp the opportunity of the market while Bitcoin is rising and increasingly popular, investing in it is a wise thing. From there, a new era of money will open up. Think about it, you can go anywhere, buy anything you want without carrying your wallet or cash. You are not afraid of being stolen because it is a false virtual currency. So hotels start accepting Bitcoin as a new step in the trade and tourism. Besides of those benefits of using Bitcoin, there's also disadvantages. Unfortunately, if you're travelling abroad to some places in 3rd world countries in which the entire region doesn't fully covered by the internet. You can't use your bitcoin. The only option is to use the foreign currency. 2nd point, you may not afraid of being stolen as long as you've backed up your private key and have an additional security in your bitcoin wallet. Otherwise, you'll be struggling to recover your bitcoin and once the bitcoin sent to another wallet which the holder is the stealer himself, you can't do anything. |
|
|
|
yes it will because paypal are very strict they dont support like gambling site, PTC and traffic exchange site that is why they used bitcoin as payment method. paypal need you to verify account so you can cashout, there is possible that your account will get freeze, thats why many people jump into bitcoin no hassle.
Agree with you mate, i think lot of paypal users are now transferring and used bitcoin for their online transaction. And also more users know that we can easily do earning in bitcoin than paypal. Like me before i always used paypal in every online transaction i made but when i discover bitcoin i am quickly ignore paypal and start using bitcoin. I think that's not right. The majority of PayPal user as I know don't switch to bitcoin but prefer to use both based on their needs. Maybe you can make earning with bitcoin and more benefits, but still, PayPal have the widest coverage among any other payment processor. Therefore, the majority of people still holding on with PayPal. For you, it's maybe as easy as flipping hand when talking about switching over services but for someone who has business with these things. It's kinda hard and needs a lot of effort. |
|
|
|
How does this work if i have bitcoin on electrum? So i could send btc free of charge with this program with electrum and it sends fast? When i send btc using electrum, it uses the default fee so it cost to send btc but it sends fast.
it's an accelerator which only makes your transaction get included to block by viabtc freely for a transaction which has under the recommendation fee. It's not a tool that'll make you can send bitcoin freely and fast. It's just to help people, and keep in mind. 0.0001 BTC / KB is required to make your transaction eligible for using this. One more thing. Electrum has nothing to do with this stuff. |
|
|
|
Do you think that the Ecuador government will freely allow the use of Bitcoin as its popularity increases?
It is difficult to assume that a government will allow users to trade bitcoin if there is a legal ban enforced by the government,either they will be forced to change their decision because they banned something they did not fully understand and in the present situation when more countries are accepting and legalizing bitcoin they should change their opinion and starts regulating rather than rejecting a technology. Why do people need bitcoin, which governs the government? People want to freely use crypto currency. There should be no prohibitions on crypto currency, because it is not fair. Every person must decide for himself what currency he can use Regulation created in order to stabilise a specific region which the government rule. It's right that everyone must have their own freedom towards cryptocurrency and be able to use it. But, if the government themselves have already made a decision regarding of the rules for the sake of the country. There's no point on arguing that thing furthermore. |
|
|
|
|
Show Posts
