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5501  Bitcoin / Development & Technical Discussion / Wallet fee in sat/vbyte, blockchain in sat/byte question on: February 24, 2021, 12:26:37 PM
I am using a wallet that support bech32 addresses, I transfered bitcoin to a friend few days ago, though not yet confirmed till now, but I was surprised when I tracked the transaction on blockchain, the fee I saw was 2.93 sat/byte on blockchain, but I used 5 sat/vbytes on my wallet and the address is segwit bech32.

I know that using segwit will reduce the fee of about 42% if compared to raw transactions of legacy addresses. I just want to be sure, if miners are accepting 5 sat/byte, that means my transaction will also be accepted and confirmed or the mempool will still need to be reduced to 2.93 sat/byte before miners will accept it?
5502  Bitcoin / Bitcoin Discussion / Re: Bitcoin can't be used for transactions? on: February 24, 2021, 11:04:27 AM
From what I've read, Bitcoin now charges high transaction fee and long transaction wait time so it can't presently be used:
If you pay high fee, the wait time will not be long, low fee makes waiting time long.

a) for a conversion from Bitcoin to cash?
It is not much at all, it takes little cost, but if you do not want to pay anything at all for this, you can use p2p.

b) purchases using Bitcoin? Huh
You can also use p2p but the purchase fee is not much but also in percentage.

Well then can Bitcoin remain at 50k in the future even with a large number of bitcoin users or will it go down in price with time?
Because now they say a small transfer of say $200 can cost around $30 in transaction fee...so that can't be useful if Bitcoin remains at 50k in the future. Lips sealed
Do not get that wrongly, transaction fee is not about the amount you are sending, it depends on the weight of the transaction. If $5 can get a transaction of $50 of bech32 address confirmed in less than 15 minutes, also it will get bech32 address having $1 million worth of bitcoin transaction confirmed at the same less than 15 minutes, provided, both address have the same inputs and outputs.
5503  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: February 24, 2021, 08:11:12 AM
I think Fulham have bigger chance than Newcastle United keep holding on primer league this season because almost many match with bigger club always give different predicting, they can win with big club like Everton and many other club. But still waiting for next week can Fulham get three points and keep large chance position on Primer league or have back again to championship.
Newcastle not playing good, also Fulham not playing good, but Fulfam last matches makes it predictable to take Newcastle position and escape relegation, but even if Fulham are playing good now, they may still play otherwise, I just do not trust its game and Newcastle game. I better just leave this until it will be clearer who will be relegated or not, but as for now, no one between both is certain.
5504  Economy / Gambling discussion / Re: When is the right time to gamble on football. on: February 23, 2021, 05:41:44 PM
What I observe in football betting is that betting on the favorite teams is a mistake, because the profit returns are low and the weakest team will play defensively, pushing the game for a draw hoping to goal if with the few disponible chances.
There is nothing bad to bet on favorite team, it depends on the bet type you take, it can be win/draw/loss, it can be over/under 2.5, it can be anything. What is just there is to never attach emotion to betting and always having the right mind to bet.
5505  Bitcoin / Electrum / Re: Electrum crash on Android on: February 23, 2021, 09:21:48 AM
Have tried both version from the site as well as from Google Play. It doesn't even run now. Previously, it would run for a couple of days or so before crashing. Also want to add that I have Trust wallet, metamask and Blockstream's green wallets installed with no issues.
I think reiterate my advice will worth it, maybe it can be as a result Samsung Knox, but I am not exactly sure. It is not also good to have a single wallet on two or more devices. Having it on only one device is better. If you have it on more device, the security is already getting wicker because malware can be from anywhere, I believe you will use one of these device very well for browsing, which can be your phone. Having the electrum on computer is better for security reasons, you will also experience the best of electrum from computer not phone.
5506  Economy / Gambling discussion / When is the right time to gamble on football. on: February 23, 2021, 09:13:59 AM
Few people realize gambling should be for fun, but many other people think it can be a profession, be it for fun or profession, experience is the best teacher to let individual know their fate if to make gambling as an entertainment or studying all necessary information to make it a profession. Gambling is as good as fun for those that sees it that way, people that do not linked it to their emotions being controlled by gambling and always set the right mind for it. Thinking about gambling as profession can make it develop poor mindset which can in a short time turn all you have had into what can be sold and remaining broke.

This article is about how someone can fall victim of poor mind while gambling, I will focus on what could have set poor mind alive in people whole gambling, most people are thinking to earn more than what may not be possible. That is why you will see people accumulating games so they can bet it and use just $50 to be able to win $10000. This kind of occurrence has happened before but out of 100% people that will do it, less than 0.001% or less have won this before. Which means lowest amount should be staked for such.

There are times when not to bet and there are times to bet, in my opinion, betting should be for fun, even if you analyse the winner rightly but anything can go wrong. There is one thing I know about football betting which makes me like it, it is analysable but does not yet guarantee winning. Let us look at this analyses.

1. If a club is strong, likely the match will be won by them
2.  Checking their last five matches, if solid, likely they will win
3. Checking the whole history of the season to know if the club is also strong in the season
4. Also check the history head to head of the clubs playing, there are some small clubs that do win or draw with big clubs at some particular period.
5. Checking the history of over and under 2.5 scores and if both teams do score.
6. Checking if the strong players are not excluded in a match to start
7. Also following your instincts

These are some ways to analyse which club will win, but strong clubs do have lower odds, while choosing the lower odds and yet not win but lose. The more who thinks he is professional play bet, the more likely chance he will lose, only few bet should be played. I am thinking of how gambling should be, these are what I found out.

1. Gambling with quality mind
2. Not gambling to look for means of earning
3. Not using high amount to gamble, but small amount that can be lost and never thing about
4. The more you gamble, poor mind develop and resulting to loss
5. If you have won, leave. If you don't, you can lose all you won
6. Look for work rather than depending on gambling but to be taken as fun not a necessity.
7. Gamble for fun, not as profession
8. Do not concentrate on gambling

Should gambling be taken as fun or as a profession? I chose fun because gambling is not predictable.
5507  Bitcoin / Electrum / Re: Electrum crash on Android on: February 22, 2021, 07:15:35 PM
...
You have electrum on computer already, why having it on phone again. Which means you have one online wallet on two device, this will reduce the security. I will advice you to operate the wallet on one device, operating it on computer is the best.

...
The little review I know about Samsung Knox is that it is a military defense grade secure system that protects against malware and other things that can lead to attacks. If a antivirus can disturb the installation of electrum, hope Samsung Knox can not?
5508  Economy / Trading Discussion / Re: Stop Loss influence in massive dump on: February 22, 2021, 05:33:05 PM
Stop loss order is very important for someone not to lose much during abrupt price drop. I think this question is like saying can fire burn a house? Yes fire can burn a house. Stop loss will not do anything than price drop. With this current price drop, traders are mostly responsible for it, many of the trader have learned how stop loss is very important and do not play with it. That is why the price will drop from one stop loss set to another, but at that point, it is also in conjunction with people selling also without stop loss. Stop loss order and selling market order do responsible for price drop both together.
5509  Economy / Economics / Re: COIN PRICES CRASHING!!! SELL BITCOIN NOW!!!! on: February 22, 2021, 04:29:45 PM
That will be a very long sleep, bitcoin that was at a price above $58,000 before suddenly crashed to a price above $55000 and then later crashed to a price above $53000 which is currently at $53600. This can be the support level as it has been hours now since it was at this price. Even if it crashes the more, likely not to decrease below $50000 as there will be a strong support at this level.
5510  Economy / Service Discussion / Re: Why do BTC fees vary so much? on: February 22, 2021, 02:07:34 PM
How long between two  transactions? If it is long, mempool can be changed and fee will be higher or lower.
Mempool is not constant at all, it is always changing every seconds to minutes. Maybe you are using some fee estimators that are not well designed, mempool can be 50 sat/vbyte now and changed to 70 sat/vbytes in just 10 seconds and increase or decrease in just next 5 seconds. What I am trying to tell you is that it is not that mempool is changing for long time but congestion that makes it not to decrease to the feerate set by low fee payers but yet still always changing and fluctuating with certain range when congested but not decrease below certain range that can get low fee transactions confirmed.
If mempool is static, transaction fee on bitcoin network in satoshi/vbyte unit will be static.

Good fee estimators are able to give estimated fee that have less higher or lower fees than the best and cheapest fee to use with same waiting time. All estimators are not accurate 100%.

I don't understand why do you need to explain my post.  Huh
You still did not get my point, in every second, mempool can be changing feerates, not if it is long as you mentioned above. You are right that mempool is not static, but also not fluctuating over long time only but everytime.
5511  Alternate cryptocurrencies / Altcoin Discussion / Re: TRC 20 is secure as ERC 20 ? on: February 22, 2021, 01:59:38 PM
According to a research in the past, that Tron suffered from a critical bug that could have crashed its entire blockchain in 2019 but it was a research and proper solutions were made. I have never heard Tron blockchain suffered an attack before, it is also safe but ethereum blockchain is stronger but not that Tron blockchain is not strong, it has not being compromised before.
5512  Bitcoin / Development & Technical Discussion / Re: too many addresses in each transaction on: February 22, 2021, 01:34:42 PM
Transactiona with many inputs can even result to reducing privacy as it can lead to many addresses linked to a single transaction, that is not mixing in any way. The only way to mix bitcoin are coinjoin and using a mixer or some people will also send bitcoin to anonymous coins like monero and send it back to bitcoin. One non recommended way are exchanges, but I do not count it as mixing because exchanges are the worst and can be tracked or frezed by the exchange.
5513  Alternate cryptocurrencies / Altcoin Discussion / Re: DCA into your buys or wait?? on: February 22, 2021, 09:30:22 AM
I don't see that the ADA token has dropped drastically at this time, because it is very clear that the highest price on the ADA token is not much different from the current price, so it is not worth saying that the price has dropped drastically on this token, especially last year's price was not as big as the current one.
Seriously! You did not see any big difference in the price of Cardona (ADA) from last year till now?

Try to check a site you can track the coin like on coinmarketcap or coingecko.

The price of ADA at a point last year was $0.0058 which has increased significantly also while other coins were increasing. The recent price of ADA now is $0.083. That is over 10x.

Although you are right by saying the price do not drop, but it significantly increase with a very big difference if compared to last year.
5514  Economy / Gambling discussion / Re: Fixed Matches - Winning Experience. on: February 22, 2021, 08:53:35 AM
I have never played fixed game before, but I got a friend that had, although he did it only once and he stopped because it do not want to continue losing.

It was two matches from Ligue 2 in French league.  I have forgotten the team, it was year 2015, both are first half draw and second half win in the stake. He lost the two, and he lost $50. I do not believe again in fixed matches, although as we humans are, there will be fixed matches, but many people will be deceiving you that they have fixed matches but only to scam you.
5515  Bitcoin / Bitcoin Discussion / Re: Something to consider when selling your BTC... on: February 21, 2021, 07:44:11 PM
The answer is easy as I said before. Cash out if you really need the money to buy a car or a house or something else of higher importance. Don't cash out to keep them in the bank. Those money are doomed to inflation.
This is a nice statement, those that hold since 2019 are not gainers, while those that have their money in banks would have lost to inflation because the price would have reduced, what fiat can do this year, more will be needed to do it next year, I do not know other countries, but it is like that in my country, Fiat is the most deceiving inflationary currency have ever known.
5516  Bitcoin / Bitcoin Discussion / Re: "be your own bank" does it also mean be your own central bank ? on: February 21, 2021, 07:40:37 PM
My question : is Bitcoin spendable in the first place ? Is it designed for and only for HODL, to provide a proof of wealth/stake ?
Yes, bitcoin is a currency and can be spent. Bitcoin is all in all, it is also an asset.

The second : I always heard the "be your own bank" among crypto features. Will the next step is to be your own CENTRAL bank ?
The statement to be your own bank means you can independently save bitcoin on your own without depending on third parties generally, not only banks, but also not depending on exchanges and others but you to have your private key which makes this a reality.

By this, should there be a feeless coin where every person holding some BTC (say 0.01) can issue its coin which should have a total market cap equivalent to his holding in BTC ?
There are coins like that, but not everyone will hold their different coin because the value in a coin is its marketcap, if a coin is not supported by people buying it, it will remain a worthless coin.
5517  Economy / Trading Discussion / Re: What is the best way to "secure" your coins? on: February 21, 2021, 07:30:50 PM
Let's assume someone has a bigger amount of crypto (10 BTC+). Now this person assumes that the price will drop and therefor instead of hodling, he wants to "secure" his crypto in USD and buy back at a later point. What is the best and safest way / exchanger to do this? Stablecoin? Is DAI the only stablecoin that cannot be frozen? The whole procedure also should not include any KYC. Not because it is illegal money, but because said person has heard some horror stories and wants to be as safe and anonymous as possible.
If not to include kyc, you can use noncustodial exchange as a third party on noncustodial wallets. A good example are hardware wallet like trezor that have noncustodial exchange as a third party, you can also use crypto wallet that support many other cryptocurrencies like Coinomi, you can make use of noncustodial exchange third party on it to exchange from bitcoin to another coin like Dai. As for me I will prefer Dai as tether is said to be shady. In this case, no kyc needed, no custodial exchange needed, all is noncustodial.
5518  Economy / Services / Re: ▄▀ ⚡️ BITCOIN TRANSACTION ACCELERATOR for Unconfirmed TX⚡️ ▄▀ on: February 21, 2021, 11:12:09 AM
I do not see this helpful than to let newbies not able to make use free acceleration services which demands for no email not any other thing than transaction hash or identity. You can just create a list of free accelerator services here rather than saying you want to help people. It will be good to post the links of free accelerator services and nothing more for people to do it themselves.
5519  Economy / Service Discussion / Re: Why do BTC fees vary so much? on: February 21, 2021, 07:34:22 AM
How long between two  transactions? If it is long, mempool can be changed and fee will be higher or lower.
Mempool is not constant at all, it is always changing every seconds to minutes. Maybe you are using some fee estimators that are not well designed, mempool can be 50 sat/vbyte now and changed to 70 sat/vbytes in just 10 seconds and increase or decrease in just next 5 seconds. What I am trying to tell you is that it is not that mempool is changing for long time but congestion that makes it not to decrease to the feerate set by low fee payers but yet still always changing and fluctuating with certain range when congested but not decrease below certain range that can get low fee transactions confirmed.
5520  Bitcoin / Bitcoin Technical Support / Re: about unconfirmed transaction on: February 21, 2021, 07:27:31 AM
The mempool has been so filled with transactions not yet processed while many of the transactions pay much higher fee than yours which will first be confirmed before low fee transactions, but as the mempool is getting less busy with many transaction, your transaction will be process and confirmed, you should not panic at all but patient. Or can you do RBF to pump the fee to around 50 sat/byte for fast time for it to confirm, that will be a good idea.
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