I think part of the reason bitcoin cash has not crashed is a lot of coins are in cold storage. And is risky moving them - and the risk is not worth the 10% reward for a lot of people.
Its only risky moving BCH if you still have your BCH on Same addresses as your BTC. You can first Split your coins into two wallets, then you are Safe to move your coins as you wish. |
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bitcoin certainly has the potential to replace bitcoin and it is a lot better than paypal even. but in my opinion there are two things that are preventing this to happen.
1) is the volatile price: when price of bitcoin is not stable, people aren't seeing bitcoin as a currency. instead they treat it as an investment and nobody uses investment to buy things.
2) the block size: which is making the transactions pile up in the mempool, making things slow and increase the amount of fees by a great deal.
I agree with your first point. But i Dont think Transaction Speed prevents BTC/OpenBazar to overcome Paypal/eBay. 10-20 Minutes payment for buying things online (even tho its way longer than 5 secs with paypal) is fast enough. SEPA takes 2-3 days depending which banks are involved. |
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A few days ago i sent a payment and i had to pay $0,07 for fees, but the transaction got stuck and it took more than 18 hours to get the first confirmation.. That is why i will never send payments with less than $1 fees per transaction, maybe i can pay less than 10 cents per transaction, but waiting 18 hours is not worth it, i prefer paying a little bit more, and be able to proccess the payment quickly.
Since the transaction fee is based on satoshi/byte, the larger the transaction, the higher the fee, is that true? How much do you set for satoshi/byte? Thats almost true. The size of a transaction does not depend on the amount of BTC's you are sending... It depends on the amount of Input/Outputs. Meaning, if you have 1 btc on 1 address and you Send your whole BTC to 1 address the Transaction is small. But f you Send 0.5 btc to 5 addresses + address for change the Transaction is larger than the first. |
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The biggest Part of my coins is hold safely for the future.
I will sell them when needed. But if possible i hold them as long as i can.
Small amounts are being used to buy stuff, ...
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Friends, what are the estimates? Is the continuation of btc's exploded growth anticipated? (like in the last couple of months, for example) Are we waiting for 1 bitcoin by 10 000 dollars to the end of the year?  Thats way to high. Bitcoin won't reach the 10.000$ Mark this year. Im pretty sure it will rise further (Long time). Bitcoin is an risky Investment. Its Said to be gambling because the price is volatile. The possibility of BTC crashing is higher than some other investments crashing. |
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This depends on what you want to gain from Bitcoin.
If you want to make profit Short term noone is able to tell when to buy/sell.
But if you are planning to hold them quite a while you are pretty sure to make profit (if nothing unexpected happens).
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Sorry, I have not had time to keep up on the current state of the Forkland events. The original intent of this post is to know the status, not to extend/invite debate, thanks.
What will be the real Bitcoin (BTC) at the end of 2017? Has that been already determined or will it be fought out on exchanges and mining pools?
Are the people backing Seg2x (still) attempting to have exchanges (and the world) call that one Bitcoin/BTC?
I think that will be new fork after segwit2x. We will have BTC+BCC + new fork. Forking is not good.. but price will be rise again and may be rich $8000-8500. It's my opinion only. I Dont think price will rise that high that fast. Price May Drop slightly before the fork, but i think it will recover pretty fast. Back to topic: Bitcoin will still be the "real" Bitcoin. More interesting is the value of btc compared to the new fork. But this will probably be the Same situation as with BCC |
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In my opinion Bitcoin Cash died the Moment it was Born..
8mb blocksize is just too high to have a full node running on a private small pc.
People just used Bitcoin Cash to trade them to get BTC.
BTC Cash might rise One more time.. but this timeframe should be used to dump the coin.
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anyone knows the safest wallet in computer to store your bitcoin? something similar like MEW for ether perhaps..?
Besides Core (already mentioned) i would suggest Hardware wallets for best Security/useability. If you Dont want to always keep the whole Chain up to Date you can also installiert lightweight wallets which sync your addresses via internet. For example Electrum. |
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Is it possible to bind address 1 to only be able to send to a nominated address 2.
Eg some sort of multisig arrangement
Well you can code a custom wallet which will allow this, it can be easily be done using a basic boolean, just check for the address which was bonded to is same as the address you are currently sending the btc too, Blockchain itself won't allow you to do this as other users have said, but you can make a custom script which can do this for you. This might be possible.. but this isn't secured for sure. You could just disassemble the Wallet/program or read Out the RAM to get the priv key (which has to be "hidden" in the Software). With priv key, as already mentioned, you can specify output as you wish. |
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Wow, this sounds waaaay to complicated for me to risk.
I think I'm just gonna keep my coins in legacy, and not touch the "2x"-coins until that team decides to implement replay protection.
I hope exchanges will reject their coin until they make it safe.
Or maybe Ledger will design a ready made application to safely split/send the 2x coins while keeping your BTC wallet untouched.
A workaround already has been Posted After the fork you have to Send your coins from your unspend Outputs (on both chains) to newly generated addresses (also on both chains). This way an attacker can't replay the Transaction from one Chain to another. |
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Bitcoin has quite a few disadvantages.
Some would be the Block generating rate of 1 per 10 Minutes. This in Addition to 1mb blocksize leads to higher fees and longer confirmation time.
And, for me, i Dont like the Bad Reputation of BTC, how it is associated with drug Dealers and hitmen.
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I'd like to know why those people "hate" Bitcoin. For me it doesnt make Sense how someone can hate bitcoin. It its because of Security issues it would be a honor for me to correct them. If they just Dont like it because of no reason.. Well just leave them alone |
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My posts from yesterday are also missing.
Shouldn't it at least Show "x of 35 posts" made this Week?
Or will they be updated together with posts made today in next post update tomorrow?
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I think Bitcoin has a bright future within the next 5 years.
If nothing unexpected happens and the majority of Countrys won't ban BTC i think it definetly will increase its Value. But im not sure if it will increase its Value by 300%.
IMO it will for sure give better profit than "standard" investments.
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I would strongly recommend offline wallets. With online wallets your bitcoins are owned by Service Provider and you just get access to them. Like a bank Account. Just on the Internet.
With offline wallets you own the private keys of your bitcoins yourself. In this case you are Safe from Hacks or exit scams regarding online wallet provider.
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A good approach to get a Lot of people knowing about Bitcoin woud be a Lot (!) of local presentation (in schools for example).
And not just Show them how Transaction look like, better give away 1$ for every student.
Of course this promotion costs money, but no good promotion is fo free
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Basically you can Look at Bitcoin as a different currency.
You can also pay rent, retaurants, ... with BTC. You just have to either find a Store which accepts BTC or exchange it to Fiat.
Besides that you can Invest into BTC and keep them to get profit in future.
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A Lot of people predicted Bitcoins rise. You cant trust them all..
I personally Dont think BTC will gain 3x of its current value within 2-3 years.
Of course this could happen.. bit i doubt it
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I would suggest you some light weight wallets for your PC (Guessing you are on pc).
I would not use online Wallets to store Bitcoins on it.
Electrum seems to do the job for you.
A Hardware Wallet could also be suitable for you.
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