59k.... again Let's get this going somewhere. Purchased another cheeky $200 a few hours ago, doing my part  Nice one, I am just seeing this thread today, I ought to have posted some good bitcoin price contents on this thread. When bitcoin was at $56600 recently, I created a thread. The price of bitcoin may go bull soonWhen miners are holding, some institutions are still buying, whales have sold in February till March which depleted address having 1000 btc, while whales now also not selling. This could have been the reason for the recent increase. But I still do noticed one more thing, even as at that, $60,000 has now being a strong resistance, until institutions decide to pump it at the point. |
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this is new, I have used LTC a few times, but I have never experienced transaction fees as low as you said
The transaction below was with a high fee (high fee estimate), I did not use the normal or low fee estimates, not to talk of using fee customization that will make the transaction much more smaller. Litecoin fee is very low.  |
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Ya, if you really don't have ETH in your wallet, I think you have no choice except buying ETH somewhere and send it to your wallet, or keep it there forever A few weeks ago, I sold several altcoins as they became valuable, I've encountered your case, the worst thing I have to do is buying ETH from an exchange. It's quite expensive there, besides, I have to pay extra for withdrawal fee. Transfer ETH back to my wallet and I have to pay a small fee to send the altcoin. After selling altcoin, I had to withdraw ETH to my wallet again, this process cost me 3 times, it was very painful I have rather prefer to use bitcoin for transaction because of the little inconveniences ethereum tokens can bring up, ethereum transaction fee on exchanges is very high, the last time I check on binance, it amounts to $10 at $1800 ether price. Also sending tokens requires the gas fee which is still also high especially for tether. I still always prefer to make use of bitcoin for such transactions or use altcoins with low fee. |
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What is your definition of decentralized? Because Changelly and Coinswitch are in no way a decentralized exchange. They're centralized platform and governed by a company
Both Changelly and Coinswitch are literally closed source. How the heck are they decentralized? They're not even non-custodial in the first place. And about the no-KYC part, I'm pretty sure I've seen a lot of threads about Changelly suddenly requiring KYC out of the blue when you have a good amount of money on their platform.
You are absolutely correct, I was even unable to find Changelly and Coinswitch as part of decentralized exchanges, but what makes me confused is that both can act on some noncustodial exchange as a third party in exchanging coins without requiring for KYC, I thought they are decentralized because of that, but according to the lists of decentralized exchanges on coinmarketcap, I did not see both. I have removed both, it remain only the truly decentralized ones now in OP board. This is not about p2p exchanges because there are many custodial exchanges that are p2p, even Localbitcoins is not decentralized but just p2p with tedious KYC and AML. |
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Are There Drug Options for Gamblers' Disorderliness?
Do you mean gambling additcs? If you mean gambling addicts, it is very difficult to stop gambling, and the more addicts gamble, the more they are losing. But very still possible for him to leave gambling to have right mindset back. The best you can do as a friend is to tell your him to stop gambling for now, let him know the truth that he is just having false thinking that he can make it with gambling, gambling is just for fun, not a way to make money because losses can result. Tell him to tell his people, this will help him to stop. Also, he can try to see a psychologist about it, this will help. |
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And here’s my question, which ones do you prefer = table games or slots? What are the pros & cons for you?
Table games are becoming old fashion, more people will prefer slot casino. The table game is better but people like fast ways of earning, that is why you will see people prefering games that will not take more than 10 seconds for the result to be out. In both table and slot casino games, table games are better but becoming old fashion, while people can still try with experience to make use of slot games and still gain. In the recent ways of gambling as gambling is going more online, what matters most is a way to manage out risk, what we can not afford to lose we should not use to gamble. I prefer table game though as it is real than programmed algorithms. |
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Recently I noticed most decentralized exchanges support DeFi tokens and many other altcoins while bitcoin is not supported, only few of them support bitcoin. Exchanges like Uniswap, PancakeSwap and many others supports altcoins. I noticed some people will because of that not having option than to use cryptocurrencies pegged with bitcoin if they are really bitcoin users, I mean coins like wrapped bitcoin and renbitcoin. Some people say it is a way to make active income but many bitcoin users still believe and which is true that bitcoin is bitcoin, that others are altcoin even if pegged with bitcoin. This makes me to research on some decentralized exchanges that can be used to trade for bitcoin. This will be useful for traders that want to convert altcoins to bitcoin or bitcoin to altcoin. I looked for exchange that have good trading volume becaue it will enhance fast trading. 1. BsiqBsiq is a good decentralized exchange, currently having marketcap of $681,498 USD (11.75857697 BTC). The reason this exchange is good is because it has good marketcap, it has many trading pairs, it support cryptocurrencies and fiat (BTC, AUD, BRL, CAD, CHF, EUR, GBP, NZD, SEK, THB, USD), this makes it a way people can use fiat to buy bitcoin without KYC needed. To know about bitcoin trading pair on bsiq, you can use this link: https://coinmarketcap.com/exchanges/bisq/2. ViteXThis is also a good decentralized exchange that have a very good trading volume. It is one with a very high trading volume among decentralized exchanges that support bitcoin, but one more thing about this exchange is that it support many altcoins. BTC, ETH, USDT, VITE pair with others coins on the exchange. https://coinmarketcap.com/exchanges/vitex/3. NashThis is another good decentralized exchange that has BTC, ETH, LINK, NEO, USDC as the major pair. This makes some of the strongest altcoins to be tradable using decentralized method to improve privacy. Nash bridges the gap between crypto and local currencies too. With Nash Link for business, merchants can easily accept crypto from their customers and receive cash. https://coinmarketcap.com/exchanges/nash-exchange/For people that are not trading often, decentralized exchanges are the best for privacy. No KYC needed, if no kyc needed, nothing like data leak. We must protect ourselves online. Bisq is by far and away my favorite decentralized exchange for a number of reasons (fully open source, fully peer-to-peer, run the software yourself, only operates over Tor). The other two I occasionally use are LocalCryptos and Hodl Hodl, which you could add to your list. Both allow decentralized peer-to-peer trading between bitcoin and a variety of different fiat currencies using a variety of different payment methods.
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OP, you should edit your title. I guess you meant to write, "The reason..." right?
Than you for the correction, I have edited the title already. The more the dominance diminishes the more investors are transferring cash to buying alts. So, we're likely going to see alts surge in weeks to come from now.
Thanks for contributing but this thread will focus only on bitcoin. Do you think bitcoin will increase price soon due to the reasons above? |
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This is not a certainty but a means bitcoin price can be predicted. Whales and many holders have sold bitcoin since February, the number of addreses holding 1000 bitcoin reduced by 10% till now, and data have revealed that whales have stopped selling because the numbers of addresses holding 1000 has not been decreasing unlike from February, also long-term bitcoin holders are no more selling like before, the rate of selling has slowed down. Miners have turned into accumulation again just like when such bull market was predicted last in March. Lastly what makes me think this can result to bull market is because institutions are still in high demand for bitcoin. https://cointelegraph.com/news/5-key-reasons-why-bitcoin-will-likely-see-new-all-time-highs-soonWeekly ascending triangle close to a breakSince the beginning of February, a weekly ascending triangle has formed. Statistically, this chart pattern gives a higher likelihood of breaking to the upside than to the downside. If the price were to break to the upside, the size of the triangle suggests a potential breakout target toward $79,000. While neither the break to the upside nor the price target is a certainty, it is a chart worth keeping an eye on alongside major on-chain What is your say on this? As for me I think bitcoin price may likely still increase soon? |
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If you have the private key of the address, you will be able to recover your wallet with just the private key, that is what exchanges can not offer. Also about blue Snow topic, if it is private key wallet that is used, no tag, memo or message is required, but exchanges will require such, many people can ommit this and lead to coin loss too.
I couldn't. They were sent from Metamask to the exchange itself so basically Hitbtc had them. I know that hitbtc had the private key, only the addresses controlled by hitbtc will users have, and not only hitbtc but all other exchanges and custodial services. But what I am saying is that exchanges have the private key, exchange users do not have complete control, just like ways many people have lost there coins on exchanges, there are many cases that all needed is private key to recover a coin. I am trying to say how important private keys are very important. |
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There was once I nearly lost my ERC-20 which were sent to the wrong blockchain on HitBTC way back in 2017.
Luckily they could help restore them but I ended by paying several hundred dollars in fees. Expensive lesson learned.
If you have the private key of the address, you will be able to recover your wallet with just the private key, that is what exchanges can not offer. Also about blue Snow topic, if it is private key wallet that is used, no tag, memo or message is required, but exchanges will require such, many people can ommit this and lead to coin loss too. |
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No matter what happens, it seems, US Govt is likely uncomfortable with this BTC asset class that is continuing to grow into some kind of asset class that cannot be kept off the radar.
I do not think US government is uncomfortable with BTC asset class. Grayscale seek for Bitcoin ETF in 2016 but withdrew because of the US government stance about it. In 2016, bitcoin marketcap was within $300 million to around $2 billion and highly volatile, bitcoin is not as strong as it is now as at then. If US government turned down bitcoin ETF at the time, it should not be a surprise. But with the marketcap of over a trillion, Grayscale that withdrew from what they wanted (bitcoin ETF) in 2016 is now being positive about it. Bitcoin having a marketcap of over 1 trillion is a certainty that the first bitcoin ETF in USA will soon be in existence. According to the news I have read about this, Grayscale are so positive about this, which I believe it is as a result of positive feedback from US government. Total AUM: $46.1 billion |
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I think this happened like a week ago, it is not a surprise for me because any platform users are providing their data, the data can be leaked, it can happen to Facebook today and later Twitter might be the next target. That is why we need to know the data we are uploading online.
But Facebook itself is not a secret media, almost all data on it can be seen by people that enter another person's profile without the data leak, Facebook has been a platform scammers do check Facebook users profile, all to know is if someone is rich or not, the scam on Facebook messenger starts from Facebook, if you are rich, you will see an unknown person that will message you. If you are rich or not can be seen from the photos you share on Facebook.
To have privacy, do not use Facebook, because Facebook is a data leak on its own. Not only Facebook but all social media.
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Unlike Bitcoin and Ethereum which have a unique address. Other coins like XRP, BNB, XLM, EOS, COSMOS, and etc have additional address features for identifying a transaction recipient, that feature is called Destination Tag, Memo, And Message which when you create the wrong type possible you will lose the coins cause the token you sent can be landed to other recipient or stuck on the exchange that will probably need a much time to be approved.
Good topic. But we need to address the issue of many ways people are losing money to exchanges, I created an article recently addressing this, this is another one included. No noncustodial wallet will demand for tag or memo, but a potential way to lose coins on exchanges. |
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In the past weeks, I've seen fees rise a lot. At the moment, 7 sat/byte is enough for a fast confirmation. If you're not in a hurry, you can go lower: I've just had a 5 sat/byte transaction that confirmed today (after several days). In this transaction I double spent a transaction from February, which didn't confirm with 2 sat/byte. I had a transaction not confirmed since February 11 2021 which is over a month ago, luckily confirmed in two hours ago, the transaction is 5 sat/vbyte. 3a7101abfeba0b5ea31777f97b8c27a0705e197e087aa2ba676cebf8816bf88b |
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I will like to speculate about bitcoin, for now it is not turning bull or bear, what can make the price of bitcoin to turn bull is when additional institutions are injecting funds into bitcoin, but no much news about that for now. I remembered when Grayscale open investment for investors this year around February, the price of bitcoin increased. Later was macrostategy that also invested and make the price to increase as many people fomo at the time and brought bitcoin. Later Elon Musk invested $1.5 billion which make the price to increase from $38000 to over $58000 as people also fomo. The price dropped from that high to $50000 and Microstrategy again invested again but $1 billion. I noticed the price of bitcoin increase and fall but the price has never dropped much below $45000, it later increase back to $50000 and above.
I have noticed for now that the institutions really tried to manipulate the price of bitcoin not to fall, and this make some to believe bitcoin is not falling for now. Also some institutions are getting to know bitcoin and investing, but I still see traders making the price to still move at ceertsin range, making the bear and bull to be like swing trading, which means after short term fall, also will be the rise.
But, normally bitcoin is deflationary, over long term period, the price will increase after period of bull and bear.
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But there are few errors, like the litecoin addresses that started with 3, some people can mistake it for a bitcoin address and send bitcoin to litecoin address This is, most likely, the main reason why Litecoin changed the format of its addresses. Most litecoin wallets will generate addresses that start with M instead of 3 to avoid any confusion. Yes exactly. There is also a converter that can convert 3-litecoin addresses to M-litecoin addresses. The problem with tokens isn't serious though because the address is supposed to be the same.
It is also much more very dangerous now. There will not be problem while using noncustodial wallets because you can use the ethereum private key to recover back the token if imported on supported wallet, or the wallet will support the token. But for exchanges, there are times the token send is completely gone if customer care do not help. An example is the latest smart contract like Binance smart chain that also have the same address with ethereum, while some exchanges are not supporting binance smart chain, this makes some people think they can send the token on BSC to ERC20 address because they are the same addresses. Some exchanges that do not yet support BSC will lead to the coin lost if sent because they support the token with ERC20 but not support the token with BSC while they have the same addresses with ethereum. |
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You might think nobody has ever lost fiat. The absent-minded person will always lose something.
It is necessary to double-check everything several times before sending money to any address.
You need to read the article very well, checking the address and sending to right address only applies to some cases. What about sending USDC to USDT address on an exchange that support USDT but do not support USDC? If the amount is not high enough, all what the customer care will message the person is that it is not possible to recovery the coin, that it does not meet the requirements needed. Do you know that ERC20 USDT and USDC have the same address which is ethereum address, but because USDC is not supported by the exchange is the reason for the loss, but I'm this can not happen of you have the ethereum private key. Also check this: The smart contract
The altcoins are getting more complex and complicated for users with the introduction of some particular smart contract like the binance smartchain. Binance smartchain (BSC) addresses are the same as ERC20 tokens addreses, while some people will confuse it with Binance chain addresses (addresses that start with bnb), this has caused great losses for users. See the illustration below as a good example.
Exchange A support Coin A
Exchange B support Coin A
Coin A support ERC20 and BSC on Exchange A
Coin A support ERC20 but do not support BSC (Binance smart chain) on Exchange B
Because BSC addresses are like ERC20 addresses, if the sender send Coin A (BSC type) into an exchange (exchange B) that do not support BSC but support ERC20 for the coin, this will lead to loses. Only what can make the owner not to lose is to have the private key that can be used to recover the coins. Some exchanges can help too, but if low amount is lost, no help will be rendered. |
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After bitcoin was created
In the past time when bitcoin was created, bitcoin users were later using addresses to make payment, but some people can make mistake at the time sending bitcoin to a wrong address, the bitcoin sent to a wrong address can not be recovered. Bitcoiners have known this and they know to be careful to send bitcoin to the right address. But the creation of altcoins makes losses a usual occurrence in the crypto community.
After altcoins were created
Altcoins was created while ethereum was the first altcoin ever created, later followed were thousands of cryptocurrencies created. When some altcoins were created, they have their own blockchain, this makes error not to be much, anyone that can send to wrong address at the time can be blamed. But there are few errors, like the litecoin addresses that started with 3, some people can mistake it for a bitcoin address and send bitcoin to litecoin address, or send litecoin to bitcoin address, this is one of the ways some people lost bitcoin and litecoin in the past, but people using wallet that has private key can still recover back the coin.
Token creation
Tokens are altcoins that do not have blockchain independently, I am not going deeper into this, I will use ethereum blockchain to explain. There are many ERC20 tokens that make use of ethereum blockchain. Examples are Tether, USDC and thousands of cryptocurrencies like that. What makes this not perfect is that all the thousands of ERC20 tokens have a similar address like ethereum address, this makes some people send token to a wrong address, like sending Tether to USDC address on an exchange that do not support USDC, some can be recovered with the help of the exchanges customer care but most were lost.
The smart contract
The altcoins are getting more complex and complicated for users with the introduction of some particular smart contract like the binance smartchain. Binance smartchain (BSC) addresses are the same as ERC20 tokens addreses, while some people will confuse it with Binance chain addresses (addresses that start with bnb), this has caused great losses for users. See the illustration below as a good example.
Exchange A support Coin A
Exchange B support Coin A
Coin A support ERC20 and BSC on Exchange A
Coin A support ERC20 but do not support BSC (Binance smart chain) on Exchange B
Because BSC addresses are like ERC20 addresses, if the sender send Coin A (BSC type) into an exchange (exchange B) that do not support BSC but support ERC20 for the coin, this will lead to loses. Only what can make the owner not to lose is to have the private key that can be used to recover the coins. Some exchanges can help too, but if low amount is lost, no help will be rendered.
Private key is very important
All the ways listed above are potential ways people can lost crypto as people are complicating crypto, many people have lost cryptocurrencies because they are making use of exchanges, but if people know about all these, they will avoid losing coins to make sure they do not lose crypto into exchanges, but many people do complain how their tokens are lost this way. Having a private key to your wallet, it can be easily used to recover back such cryptocurrencies.
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