Only hitbtc and yobit are supporting this fork
Of course they are, they are the sluts amongst the exchanges doing everything for the money, even when in some cases they shouldn't. Other than that, it's funny how people are now already counting their profits, and that while they don't know how things will play out. The future prices of S2X on various shitty exchanges doesn't mean anything in that regard. Exchanges aren't obliged to support it, so don't start complaining when the more reputable exchanges aren't planning to release your fork funds any time soon.
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I'm not sure if the idea of creating a Crypto Ombudsman might help in quickly resolving open issues. Banks use a similar resolution system and they seem to act quickly when customers escalate problems to the Financial Ombudsman.
Won't help at all. Banks operate within an extremely regulated industry, which can't be said about services operating within the crypto ecosystem. Bitcoin exchanges can always use a lacking support crew as excuse for not being able to respond sooner. Some thing that helps nicely, is to arrange somewhat of a boycott of services not being able to offer users what they deserve. If you want to make a real statement, and make these services feel that they shouldn't mess with their users, it will hurt them the most if you hit them in their wallet. Money is the only thing that talks in this case, and if you make them earn less of that, they will start showing signs of regret and improvements.
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BTC is following the classic bubble pattern
Classic bubble pattern based on traditional market logic. We all know that Bitcoin isn't part of that, and likely never will be, which is exactly why all the clownish experts have been wrong all the time with their predictions. Bitcoin was forming a bubble when it reached $1000 again last year according to people, and look where we stand right now. Longterm target price in 1 year is $4000.
If so, then better sell off everything you have right now, and wait till that time to enter. In the meanwhile, you can use the future markets to short Bitcoin, which in case your prediction becomes reality, will make you a lot of money. I like how people are now able to short Bitcoin, because all these skeptics can now back up their nonsense predictions with shorting Bitcoin.
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its to hard to trust now adays cause the bitcoin growth rate still fluctuated which is not safe to stay hold while you see your profits decreasing also.
Nonsense. If we look back at how much fluctuations this market has gone through in the last years, it perfectly shows that it has zero impact on the long term price. People for once need to distance themselves from being a fiat centric person, and also stop being so short term minded. All dumps we have seen were only of temporary nature, and current levels loudly speak for themselves. Those who care about the volatility and think that it affects their profits, are always the sort of people who lose out big time. The only thing that's not safe here is the broken mentality of the people like you.
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There isn't such a thing as an 'ultimate value' when it comes to Bitcoin. In most cases the only thing people more or less can be sure of, is that the price will continue to go up throughout the years. If we had to believe experts back in the days, Bitcoin wouldn't be able to surpass $100 in 2013, which it did. Bitcoin wouldn't be able to surpass $1000, which it did in the same year. After the MtGox drama Bitcoin was said to never be able to recover again, which it did. This stupid form of underestimating Bitcoin has made these idiotic experts change their view on Bitcoin quite a bit lately. Instead of them saying it won't go through this or that level, they say Bitcoin might reach $50,000 or even $100,000, but it will crash for sure after that. They don't understand how they only make themselves look like a bigger fool than ever before with this hype riding behavior.
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If I look into this a bit further, it may seem like a fantastic initiative, but why not just give people the incentive they really need to store their coins offline? If the exchange in question goes down as desribed in this article for example purposes, people will have all their coins under their own control. If people leave their coins on-exchange, and the exchange goes down for whatever reason, this trust bank will first figure out what to do. Investigation can take months and months, and thus will only result in frustrated people waiting for their coins to get released. And btw, how can anyone feel peace of mind when a third party is taking care of your precious coins? They act like they do people a favor, while in reality it means more corporations will have something to say about your coins.
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This leads to volatility in which bitcoin owners can die, I think if the owner or inventor of bitcoin is dead, I think the virtual cryptocurrency money will keep running, because this virtual money will always develop the device in this cryptocurrency business, if the bitcoin owner is dead, there must be a second holder of cryptocurrency, I'm sure it is.
This thread isn't about Satoshi. It's about people in general owning (i.e holding) Bitcoin. Satoshi himself doesn't play a role of importance anymore for Bitcoin in technical terms. The only thing giving him any importance right now is his supposed coin stash, which no one but him knows exactly how many coins he owns. I think it's safe to say that in current time and day, the market would applaude the day when they know for sure that Satoshi can't access his coins anymore for whatever reason. And no, there won't be a second holder of his coins, unless there is an unkown entity with potential access to his private keys. As long as his supposed early coins aren't moving, the market remains calm.
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It would affect a lot merchants if they kept holding the $100 purchase minimum, and it might actually have been reason for some to ditch BitPay.
BitPay is one of the services not having utilized Segwit, which is a shame, and probably adds fuel to the fire. Segwit by no means is a solution of any magnitude, but I do believe that it can take off a decent amount of pressure enough to reduce the current fees a notch or two. In the same way we can blame Coinbase and blockchain.info as lare parties in this market that aren't doing anything to update their operations. It's basically the entire ecosystem that we cam blame for Segwit not being fulled adopted yet. Aside from the few important security measures, what's the point of having Segwit activated when no one is using it? Have we gone through so much drama for nothing? This is just not acceptable, for real.
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I hope that this is the right time to hold and it will continue to surge again until new year or forever.
It has always been the right time to hold, just look back at the charts, that's the proof that speaks for itself. People just have to accept that while crypto may end up surging significantly in a very short period of time, that it isn't something that we will see happen continuously. As you can see, people didn't expect the price to take a few steps back, which is quite weird considering how much we have gone up already. The market was exhausted, we were near a very important mental price level ($20,000), plus for the time being the future markets were priced in already. Do people want to have it written on a piece of paper that the market was about to come down? Is it really that difficult to understand the very basics of a market?
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If we look back and strictly focus on the gains we have booked this year, then there isn't such a thing as a recovery. Regardless of how much we have seen the price go down in the last few days, it didn't really mean anything because we have always been maintaining at least a +1000% increase. People just need to adjust themselves to the heavy fluctuations and that's really it. It once again became clear how not only the market is very volatile, but people's mindsets here as well - one day the bull run is over, and the next day we'll reach $20,000 this year again. People adjust their sentiment based on this market's fluctuations, which is quite pathethic if you think about it. There are far too many empty headed chickens running around here.
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We are just hoping that Bitcoin dev team would finally come into realization that the future of Bitcoin can be at stake here.
They know, I am pretty confident of that. However, people have to understand that you can't just rush out updates/implementations just because people think it's necessary - this isn't whatever redundant altcoin that can serve as testbase. That's why I like the conservative stance of the devs even though the community keeps asking for something to be done against the network cluttering we have to deal with right now. Lightning Network is being tested at this point, and that alone is for me an insanely bullish trigger already.
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I feel worry because they take long time to response
As long as your account verification is all fine and set up, there is nothing to be worried about. Problem with Bittrex is that they are so badly lacking staff to work through their support tickets, that it in some cases takes a couple of weeks to see them respond back to you, which is completely unacceptable, but unfortunately the reality that no one beside Bittrex can do anything about. It has gotten so bad, that they at this point not even accept new registrants anymore, which is something they can only blame themselves for - their lacking will to upgrade (i.e spend money) at the moment the growth was just mildly starting to pick up, is now holding them back and of course the users who are suffering from their incompetence.
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Sadly, we have a lot of people who just want to get rich quick because they've heard about it on mainstream media.
That's pretty normal mass-user behavior. Initially I was pretty much the same. I bought my first coins in very early 2013 as being a noob not knowing anything about Bitcoin. I was solely interested in the returns, and that was basically it. I think it was very early 2015 when I actually started to get interested in Bitcoin's technical aspects rather than just the price, which was also the moment I never ever touched a single altcoin again. The far majority of the altcoins don't serve a single purpose and are just redundant garbage. --- For me personally Bitcoin is about outruling goverments and banks, and I am glad that I have more than half of my entire wealth sitting safely in Bitcoin. I wouldn't want it to be any different. It's allowing me to enjoy the financial freedom that I deserve to have, but never had before Bitcoin, and that's what I am thankful for. Other than that, I know the article is a subjective view, but I personally don't care about a better society, because what others are doing is none of my business.
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A tulip will always be worth tens of thousands of dollars ! Or so they thought ...
What's the point of referring to the tulip bulb mania? Bitcoin in no shape or form comes even close to that. Bitcoin serves an actual purpose, which is something more and more people start to understand. Also, if you can't see how Lightning Network will push Bitcoin to the next level, you're pretty short sighted. At that point fees won't play a role of significance anymore, and the number of transactions Bitcoin can handle per second won't form a problem either. LN allows Bitcoin to open itself up for mass usage, which is something people tend to overlook. All limitations that are holding back Bitcoin right now, will at that point not exist anymore. To add, forks get initiated out of greed, and that's really it - people are used to their insignificance.
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The other one is to use another coin to transfer the money, but this is risky as the prices can change so much within an hour that the result will be the same as if you had paid a normal Bitcoin fee.
This has never been much of a decent alternative, and especially not in current times where markets bounce up and down big time. I honestly haven't even seen anyone that I know who follows that route to avoid paying high fees. In most cases people who struggle with the higher fees just accept the fact of having to wait longer for confirmations to come through with a lower overall fee. In situations where you need relatively quick confirmations, you'll go for a relatively higher fee, but if there is no need to rush things, then cut the fee in half and accept waiting a few hours, and in the meanwhile try to accelarate it. I am not at all a fan of viabtc as business, but I do appreciate their effort to offer people at least a potential chance to get their stuck transactions confirmed for free.
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Why give out market share to other alts?
It's a natural thing to happen, really. The average joes aren't really centered at Bitcoin like most of the people here are. They just see that Bitcoin's fees are expensive, and that other coins have far lower network fees. It's almost like a blind form of not willing to see how things are in reality. Altcoins in most cases offer lower network fees due to the lack of actual usage, but that's not something these baboons look at. I am sure that if every altcoin would get to experience the same level of usage as Bitcoin for even a day, that people will take back their words and start appreciating Bitcoin more. Ethereum has been somewhat of a nice example in recent times - its fees have been exploding as well due to the increased usage.
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What if Bitcoin shoots up to $100,000 before 2020 and you're still a no-coiner? Will you hate yourself for not buying? Or will you buy at $100,000 levels and just try to forget about what you could have had by buying at current levels? I see how people worry about the price having gone down from near peak levels to where we stand right now, but they are totally blind considering the fact that they don't see that we at current levels are still up more than 1300%. It's probably the mainstream media trying to show how Bitcoin has gone down a lot, and that it is recommended to be extremely careful with Bitcoin because you can lose all your money. These baboons don't understand that there is no way that you can lose all your money if you just keep holding.
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I don't know what the price is going to be, but my main problem with bitcoin right now is that the transfer fees are simply not sustainable at the moment. I logged on to mycelium after a long while to send some bitcoin, and the standard transfer fee was $27! It threw me off so hard, that price used to be like 6$ tops. So this definitely needs to be solved.
Even I have to admit that the fees have become a bit too ridiculous nowadays. Part of this problem comes from a lacking Segwit adoption, which is a shame if you think about it. I seriously don't understand what services are waiting for. Segwit has been active for quite some time now, and yet it is not being utilized. I almost feel like services aren't interested in making their operations ready for Segwit, which if so, is quite harmful to be honest. I can't wait for Lightning Network to be operational, because this current situation can't keep going in the same direction without improvement.
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Something has to be changed because of this or we will see the trust/faith in Bitcoin Core drained in 2018.
Having the crypto sphere utilize Segwit for once will definitely help giving Bitcoin a boost, but the main K.O. shot has to come from Lightning Network. Segwit is all fine, but it won't do much other than taking a little bit of pressure off the network, which is why I am strongly hoping for LN to become fully operational before 2018, but that's something we can't be sure about unfortunately. I personally don't really have ever suffered from the higher fees, but this week I wanted to set up like twenty paper wallets containing a certain number of funds as present, but after thinking about the fees that are required for people to move these funds, I started to think that it perhaps isn't the right thing to give close friends and family a paper wallet with a certain number of funds. My plan was to load each paper wallet with 0.0025BTC, but that's slightly above the recent network fees, which is a bummer. I can't force anyone to hold these funds for the long term, because once given, they can do whatever they want with it.
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this is a huge problem, i tried to withdraw 0.009btc from spectrocoin to pay my dedicated server and i had to pay a fee of 0.004btc
If I look at their fee page, it states that they charge 0.0035BTC for external transactions, so I am not really sure where that 0.004BTC comes from. However, you have some responsibilities here as well, because when you sign up somewhere, you have to thoroughly put the pros and cons of that service against each other to see whether or not it's worth signing up at, or they suddenly have increased their fees insanely. I am not sure how Spectrocoin is setting up its wallets, but at current stage, nothing justifies them to ask for such a fee. It basically means that aside from the network fee they charge you for, they also charge you for withdrawing, which goes straight into their pockets. It basically means that in order to withdraw that 0.009BTC, you'll almost lose half of that when it ends up in your wallet.
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