There are several exchanges that have different rates for transaction fees with coinbase being the highest of them all. Many people consider it not too hogh though but in reality it is. You can see the price was too high when BTC was at a surge. While the optimum fee should be 0.1% as many other traders have already said, I think it would be much better if people had options to decide their own fee structure. For example if we could choose whether to withdraw in batch or by paying customized or optimum fees.
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Bitcoin is the first crypto currency in the market so we can say that it is the oldest of all crypto currencies. It is the people who keeps on investing in BTC and that sets the price of Bitcoin. It is the trust over Bitcoin that has kept Bitcoin going till now. Also, there are many factors that derive the price of BTC such as news and events in the crypto market. Bitcoin being a voaltile currency reacts very quickly to news most of which are FUDs created by panic sellers and whales.
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Nothing is going to happen to Bitcoin since I believe it will be there for a long term. Despite having the flaws it is still the strongest crypto currency in the market. The developers are trying hard to improve and develop Bitcoin. The upcoming development of Lightning Network will show us how high the price of Bitcoin could go. Most of the BTC supporters are waiting for the implementation of the Lightning Network. The price will recover as soon as the Network is established.
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Btctalk name : pawanjain Rank : Sr.member Current post count :1030 PHR Address : PHUmXdXBbbtyQQbNpJFoNCgakAVc71GF8w Wear appropriate signature : yes Wear avatar : yes
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Bitcointalk name : pawanjain Bitcointalk account URL: 1029 Rank: Sr.member Current post count -(including this one): 1029 BTC Address: 3A7XsWneHzbQ3Tcw2PZgN9Khr7dDAPBJQx
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There is no point of making this question and I ll tell you why. The thing is that cryptocurrency is not predictable. Anything could happen at any time since it is a global market and is based on news and events. So we cant expect anything from the future of bitcoin or the next generation because we don't know if at all it will survive that long or not. But I do have faith on the blockchain technology and I think it has a huge role to play in the future.
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In my opinion, there is nothing that is 100% perfect in nature. As the time goes by, developments take place and this is how it leads to a better economy. So if there is a vulnerability in the hardware wallet, it will get rectified in the future developments. It is obviously not 100% secure but then it is way better than any other wallets. We can consider it as a best secure device to hold our cryptocurrencies.
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Bitcoin has been going up and down for many days now. The 24 hr price has a difference of almost $1000. So the volatility of $400 you are talking about is nothing compared to the daily volatility. I don't think that the Binance news has anything tondo with it and I personally have not heard much about it. So it is most probably just a FUD anayway. We should probably wait for some more time until the price gets stabled.
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You are missing a lot of key points here such as Proactiveness which is essential if we want to make efficient trades. Quick actions will earn more profits in trading. Skills which are needed to predict the output of a particular trade and the ability to research about a particular coin /ICO through various resources.
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From what I have read from multiple sources, I do believe that the news should be true. Twitter will ban crypto related ads in the next few weeks. The ban on crypto ads is not because there is any fault with crypto but the scam ICOs. Most of the ICOs turn out to be scam or turn up into losses which is why many websites have started to ban it. Coming to the survival of twitter, yes it will survive because it has been doing well in the past when crypto was not around. Besides that, twitter is banning crypto " ads " and not the tweets made from various people. So the advertisement of crypto and ICOs will continue on twitter through tweets and retweets. So I dont think there is anything to worry about.
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Last three months were a dilemma to most of the traders since they were holding BTC from quite long and the dip made their portfolio go down. It's good that you made use of this opportunity and made good amount of money but you must know that things won't be the same forever. One thing what I have learnt form crypto is ' Be ready for the worst '.
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Anything is possible in crypto mate. This is the beauty about it. Although it is possible, have you ever wondered what strategy would you use to make it possible. It might be easier to make more than 1% during a bullish trend but it will be tougher to hold the same amount of % during a bullish trend. Apart from that, as you know that the volatility of crytpocurrencies is too high, things might get worse if you dont plan your trade well and if you dont strategise before you execute your trades.
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It's quite true that Bitcoin has already increased so much in price but the potential of BTC increasing more in price is huge.Anyway, it is good that you have already bought some Ether as it is the second best after BTC. If you are able to take more risk then you should try out investing in smaller coins like cardano and Eidoo which have a good project behind them and a bright future as well. NEO is a good choice as well but I personally dont believe the Chinese since their ban on crypto made a huge impact on the crypto market.
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Well it depends on the people since not all the people would complaint about BTC going low. Everybody has a different perspective. A person who wanted to buy BTC from a long time would be happy for the dip whereas the person who wanted to sell at higher price would be sad for it. A wise man would always make use of such opportunities. The matter of fact is the knowledge that one posses about crypto that leads to his thinking about it.
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Stopping the ICO ads will not harm the blockchain technology at-all. Bitcoin and cryptocurrencies are now a hot topic around the world, (thanks FB and Twitter for that). But only a couple of year back it was almost unknown to maximum people. Now blockchain is very much self-dependent. It does not need FB or Twitter anymore. Hope that we will find a good decentralized blockchain based competitors of those social media sites soon. Exactly my point ! I don't know why some people around here think banning cryptocurrencies related ads will completely disrupt the crypto market. No it won't do any harm to the crypto market. There is a reason why these companies are banning crypto ads on their websites and I do believe they are doing the right thing. There are so many scam projects getting created just so that they can scam others and take their money. It is to stop these projects. The good ones will surely make their way in some way or the other.
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The Lightning Network is the thing which many people are waiting for over the past few months. Apart from it's ability to make micro transactions over Bitcoin a possibility, it has given hope to many Bitcoiners. Although it is still in it's beta version, it is good to see that it is running smoothly on the testnet. It also gives us hope that the Lightning Network may go mainstream any time soon. Bitcoin will surely go bullish once the LN goes mainstream.
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So, I had this question in my mind for a little time and now I think I really need an answer. If you create a btc address you get the private key of that address, what if this address is already in use ? I know there is a really low probability but this can happen, am I right ?
Yes you are right. A private key is generated for every BTC address and if you posses the private key correlated to that BTC address then you have the rights to spend every BTC stored on that address. Though it is possible, it won't be happening because the wallet generates a new BTC every time using the complex combination of case sensitive alphanumeric characters which makes it rarest to generate the same address again. I have never heard somebody got an already used BTC address ever.
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Bitcoin is something that cannot be predicted because it depends on the market situation at that point of time. Bitcoin works in the present and whatever it is facing now will drive it's price in the next few weeks. So the possibilities are numerous for BTC. If many people start getting involved with BTC the possibility for it to increase in price are much higher whereas if countries start banning it and regularizing it, the price might fall. As someone mentioned that there is a limited supply of 21 miilions BTC, the possibility that the price might increase/decrease after that are equal since it would depend on market whether its in a bull trend or a bear trend.
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Sounds like a good news for the crypto community as there had been no good news from almost 3 lonths, this news could be the medium to trigger BTC price. We have already seen BTC recover around $1000 from yesterday as BTC is now at $8.5k . One thing people have missed from this recommendation is that it is not a recommendation of no regulation. It just does not recommend creating new regulation specifically for cryptocurrency. There is a difference and a significant one. It just means traditional regulation will be used for cryptocurrency.
Yeah , there is a difference. It means that there will not be any additional regulations on Crypto which is a good news since additional regulations might have caused more decline in BTC's price.
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This is the reason why many terrorists are using it for illegal activities such as buying guns, drugs and buying /selling of other illegal stuff which I don't want to mention. I know that decentralization is a great concept but then there are its own negative sides of it which are so bad that it has stopped bitcoin to be widely accepted through out the world. Once we find a solution to stop these transactions, we might open the gates for BTC to be worth in millions.
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