(short answer i believe LTC is good)
i am not using these two exchanges so i don't know the fees. but in order to do something like that you need to do these things:
1- check the trading fees of these places
because you will need to pay trading fees 2 times if you want to transfer bitcoin from one place to another using an altcoin.
2- check the price difference and spread in the altcoin that you chose.
if the altcoin has a higher price and a smaller spread you will lose smaller.
for example Doge withdrawal is 1 Doge (~20 sat) but you on one exchange you may have to buy at 22 satoshi and sell on the other place at 20 and that is 10% loss before trading fees! but if you buy something more expensive like LTC at 0.017 and other place is 0.01699 you won't lose much.
3. check the withdrawal fees.
sometimes some exchanges have higher withdrawal for some altcoins!
4. check to see if that altcoin's network is working properly, exchange wallet is operational not in maintenance and make sure you can withdraw.
sometimes these issues do happen.
The easiest way to transfer the amount from one exchange to another would be to convert the BTC to an altcoin which has low withdrawal charge and then transfer it to the particular exchange and then convert it back to BTC or whatever coin you want. Although DOGE is a suitable coin for this task but the price of Doge is too low and even if you sell at a loss of 1 satoshis per coin the change will be a little noticeable. So either of Doge you can use DGB which has low fee and transfers quickly and there won't be any noticeable difference in the amount. You will almost get the same amount of BTC you wanted to transfer to the another exchange. |
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Both are totally different jobs and not related in any way. You can do either of them as well as both of them. I would personally suggest you to do both. Being a programmer would require you to have good skills in coding and integration of various platforms which requires much of computation knowledge. You can use this knowledge to do research over Bitcoin. Investing/trading Bitcoin is a bit riskier as it requires holding funds whose value keeps rising and falling. There are chances that you will earn good profits and there are chances that you could just lose all of it. Having a day job will at least keep you a good backup of stable earning while you could try your luck with Bitcoin.
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Whether it is a bubble or not there is one to consider and that is it's support. Each time when Bitcoin rises up it definitely falls down a little in the form of a correction but gains support and then recovers the price that has fallen. This is happening when not even half of the people in the world knows about it. There are thousands of investors waiting for dips to occur just so that they can buy more. What do you think will happen when the whole world gets to know about Bitcoin. The demand will dramatically increase and even then I think people will be there who will call it a bubble.
These things happen in the market and the only thing that matters is it's potential. If the asset has a good potential it will surely recover any fallen price.
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I will be leaving the campaign. Wish the campaign a bright future.
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Btctalk name : pawanjain
Rank : Sr.member
Current post count : 736
BTC Address : 3A7XsWneHzbQ3Tcw2PZgN9Khr7dDAPBJQx
Wear appropriate signature : yes
Wear avatar : yes
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Username : pawanjain
Current Rank: Sr.member
Current Post Count: 736
Bitcoin address: 3A7XsWneHzbQ3Tcw2PZgN9Khr7dDAPBJQx
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In order to know what are the impacts of Futures trading on Bitcoin you have to first know how it actually works. You can learn about it on youtube. Fututres trading means trading on the future price of any asset. So the people will be betting on the future price of BTC.
The impact of Futures can be both positive and negative on Bitcoin depending on the trend that follows on the futures trading. If the people are betting against the price fall then the price might actually fall and the same could happen in opposite direction. Seeing the futures value people could tend to buy/sell BTC according to the price.
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The safes wallet for altcoins would be a hardware wallet which supports multiple altcoins. In this case it would be Ledger Nano S which supports the major altcoins. Trezor is an alternative to Ledger Nano wallet. Although hardware wallets are a bit costly but they provide a better security than any other wallets. Most people tend to choose this wallet as it is the most safest wallet. Next to this would be a paper wallet which you can easily get it from their official website. You can also install the altcoin's official wallet in your PC or smartphone.
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Gas price/gas limit is known as the transaction fee for Ethereum transactions. The default gas price for ETH transactions is set to 21000 which is equal to 0.00021 ETH. It is definitely much cheaper than BTC transactions. You could also increase the gas limit to 50000 = 0.0005ETH or 100000 = 0.001ETH for faster confirmation of transactions. Even if you pay 0.001 ETH I would still consider it to be cheap since 0.001 ETH = 0.00003BTC which is almost $0.5  Since the ETH network is congested it is always best to pay high fees for faster confirmation of transaction. |
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Man I think you've messed up with the transaction fees, $16.37 is the fee to have your transaction mined on the next block within 10 to 20 minutes of waiting to get confirmed, you can customize that down to $10 for the waiting of 1 to 2 hours to have the transaction mined within six blocks that's a huge fee to transact, other wallet providers offer cheaper fees for the transaction, you should be careful next time with fees as you can't refund the excess amount.
He is absolutely correct. The current fee is around 380 satoshis per byte according to https://btc.com/stats/unconfirmed-tx . Which wallet are you using ? It must be surely the wallet that is over charging you for your transaction. As per the current fee it must be around $15 for the transaction fee to be confirmed on the network. Your wallet is charging you around 10 times more fee than it should. You should definitely consider changing the wallet. Import the private key/passphrase of your wallet into some other wallet (I would recommend Mycelium) and then try to broadcast the transaction again. |
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By the time I am writing this post Bitcoin cash has already reached $2000. It was around $1500 recently and has pumped to $2000 as all the major crypto currencies like ETH, XRP, LTC and DASH have raised quite good in the past few days. I know there has been a bad history with this coin since it was used to manipulate BTC and had pumped the coin hugely and then dumped it too. Many investors lost their duns being a bag holder. If those investors had hold their coins they could sell it now and get their investments back. Since many altcoins are rising there are pretty good chances for BCH to rise as well but beware of this coin as it can be dumped at any moment.
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Ethereum has achieved it's All Time High this week and it has been a good feeling for me since I am a huge ETH believer.
But DASH is a good competitor to ETH since when ETH was $400 DASH jumped to $700 and now when ETH has raised to $750 DASH has raised to a whopping $950. DASH has been competing with ETH to see who reaches the $1000 target first. DASH is very close to achieve the target but ETH will reach the target soon. It will really be a good feeling to see ETH cross $1000 and the new year might be a boom with this achievement.
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Your whole strategy for doing arbitrage is itself wrong. The first mistake you are doing is that you are buying and selling different coins on different exchanges. It is not arbitrage but simple trading. Arbitrage is done when you take advantage of the same asset but with different prices on different exchanges. So it has to be the same coin on both the exchanges. The second thing is that once you sell the coins on the higher price on the second exchange (assuming you had bought it at lower price)you have to transfer the same amount of coins on that exchange from the first one(this is not necessary but it will not complicate you more). If you still didn't understand then you should probably learn arbitrage from youtube or something.
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Litecoin has been very impressive recently. It rose from $100 few days ago to currently trading at about $300. Seems like Ethereum got freak out and moved up a bit. It probably knew that sitting on the old price will attract suspicion and get investors mad. . I kind of think Ethereum should be trading $700—$3000 by now.
Litecoin really has been impressive this year. Starting with ~$4 it raised to $400 within a year which is 1000% in gain. This gain is more than BTC and the person who bought it at that price will happily flying in heaven by now  ETH didn't wantedly stayed at $400 as it had it's ups and downs. Though ETH has raised to $600 and it is quite a big achievement for ETH as its All Time High. ETH has more potential than any other crypto currency and should be valued more. Hope to see ETH cross $1000 within a few months. |
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It is indeed true that the top owners of BTC holds hundreds and thousands of Bitcoins. But I don't think that all of them would be selling all of their coins at the same time. Although the chances are there that BTC will dump loads in the price and it will crash down but there has to be a good cash out strategy in order for the owners to cash it out successfully. Just think how will they cash out thousands of BTC if there is no supply of cash at the given moment. They could exchange it for Altcoins and tether but cashing out so much of money in fiat would then be a real problem for them. The only possible way for them to exchange it for fiat would be to cash out in batches and that will dump the price steadily and give us chance to cash out as well |
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Most of the paper wallets can only be exported and imported.Paper wallets are safe to hold funds but then it becomes a problem if you want to do repeated transactions. To stay anonymous you could install a wallet which supports generation of multiple Bitcoin addresses. For example Myeclium, Electrum, Coinbase etc... generates a new wallet address every time you receive an amount of BTC in your wallet to stay anonymous and secure your funds. The charges of Coinbase transactions are a bit high and so I would suggest you to use Mycelium or Electrum as they have the option to choose a custom transaction fee. These wallets have a seed which contains the private keys of every address which is generated on your wallet. Be sure to backup the passphrase when you download the wallet.
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There are 3 forks in the current 48 hours and yobit has been supporting all of them. Two forks are already done since the users have got their equivalent balances in their accounts. The forks are named Bitcoin United, Bitcoin Hot and Super Bitcoin. Obviously these forks are of no use in the future and are done just to get attention from the traders. Both the forked coins have already been dumped and the same will be happening with almost all the future forks until a real fork with value occurs.
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It would be eidoo as the the ICO was not only successful but raised more than it could expect.The raised amount was 82k ETH in its token sale. There were many supporters for this ICO and the coin is trading successfully now around $2. The project itself is so good. It is obviously based on the Ethereum platform and has it's own wallet.
It is also integrating with other ICOs and launching them on it's platform. The first ICO that it has launched on it's platform is AID with many more ICOs to be launched in the upcoming days. It had a campaign running after it's ICO was over so that people are more aware of it and it has ended now successfully.
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The current satoshis needed per byte to make a normal transaction successful is around 293 which give around $10 for an average transaction.
The high fee is an issue which everybody is pissed of. Bitcoin is not meant for any micro payments at the moment. Although it will be done in the future with the help of the lightning network it is just a waste of money to spend high fees on micro transactions. It is better to avoid small transactions and just hold the BTC until the lightning network is fully established. The development is going with a successful testing recently. I think people should stand together and join hands towards the development of BTC. Why should just a small group of people do all the hardwork and let the other enjoy it's benefits.
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Bitcoin was meant to be created to end the way banking system works and provide a new system of payments. But people are not focusing on the payment side and are focusing more on the asset side of it to generate more money for themselves. The development of BTC is needed as it has reached many people now. The governments are not supporting it because it is a threat to their way of banking and that is why some of the governments are not supporting it. They should know that BTC could really help people and create a new system of payments and should support it by joining the development of it.
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