Ya this is the main issue of problem facing by the bitcoin users and even when paying high fees the confirmation of transaction is taking very long time, until this is not solved bitcoin may get more negative aspects
The high fees can be solved as well as the slow confirmation time in the blockchain network and the solution for me is the, segwit like in the litecoin which will make the transactions faster and the fees might go down and that is when we are going to have a non-hassle transactions and problems again. i am really happy about litecoin, because as we all know it is the exact copy of bitcoin and it has always been considered as the silver to bitcoins gold. and my happiness is because now that this copy of bitcoin has activated SegWit, many of miners can finally change their mind and join the SegWit train and with a bigger support we can finally activate it even if it means using UASF. |
|
|
|
a more stable price to begin with, is what i think will benefit bitcoin most of all. it helps many trust it as a currency to use and also a good investment that doesn't swing around big like $100-$200 at a time. A promotion from the president this is cool if it happens. obviously. but that also means bitcoin needs to be regulated first. Advertising this also helps but who is going to pay for the advertisement? bitcoin is not a company. More sites using it of course more usage is mandatory. Worldwide school presentations meh, nobody listens in school. and kids don't care about these stuff that much  Huge giveaway this may actually hurt bitcoin. because most of the receivers will just dump to get the fiat and get out. |
|
|
|
Bitcoin is the a digital currency so is it easy to use unlike a physical you need to carry it everywhere bitcoin is a digital currency so you can access your bitcoin everywhere just using your phone and a access in a internet also thief cant steal your bitcoin. Main thing is it is easy to use in the future you can pay in just one click.
Although it is convenient to use we still need physical money in small expenses. I love bitcoin its capability, convenient and the capacity to earn more just like any passive income. I can buy things online without showing my credit card as proof of payment which is too risky nowadays. Yes it is true, although bitcoin has a high market value.still there will be many stores that doesnt recognized bitcoin as the secondary currency that we may use in case that we dont have enough money to pay our bills and pay our foods. We need a cash everyday. When you ride a train , cash is needed not bitcoins. Private transport companies could already use BTC as payment method if they want, different from state-owned that must use the official currency of the country. But these companies don't see benefits yet when using Bitcoins, because the adoption is too low and it would be worthless for them. The mass population doesn't know what is Bitcoin and this kind of transport provides principally them. But I like the possibility BTC offers on long term to increase adoption and make services like said above start accepting Bitcoins as payment method. they all see the benefit of bitcoin and using it in their system but the problem is that people are not willing to use bitcoin, they mostly prefer to buy and hold bitcoin and many just do day trading and keep the fiat profit from doing it. although the number of people using bitcoin as a currency is growing but it is still not as big as we like it to be, so none of these will include bitcoin in their system for now. but i am sure this will change very soon. Japan has started something that has speeded up the process of adotion. |
|
|
|
|
why is it that people always want extreme prices out of bitcoin?
i mean when price is rising from $1300 everyone is wishing for a $5000-50K,... prices (this topic asking for $4000). and the same goes for when it is dropping. for example it is dropping from $1800 (obviously a overdue correction) and there are chatter about extreme prices again, prices such as $800, $600, ...
i personally blame altcoins for this. people see their 1000% rises and forget that they are 99.999% manipulation altcoins that go that high and fall -90% afterwards. things are nothing like that in bitcoin.
|
|
|
|
|
an online casino working with bitcoin and set up by an unknown, anonymous person on the interenet on the other side of the world doing it from his parents basement through TOR,... and being not fair means he will rob you blind and you'll have no way of finding him.
a real casino which is regulated and its owners are known and is following some laws, if it cheats there will be legal repercussions as michaelch said and they will risk getting their casinos closed.
|
|
|
|
Now how they will spend their hard earned hacking money, considering the addresses are known and probably are blacklisted everywhere?
Putting the coins through a mixing service most likely. the simplest way is using a real anon cryptocurrency not bitcoin which is not anonymous. the best thing that can be found is Monero (XMR) and they most probably will use that in their route, convert to monero > reach anonymity convert to fiat. and eventually they will switch to asking for that coin in first place. |
|
|
|
we can not pump and dump these big coins which have many manipulating whales which have such big amounts of money that we can not even comprehend, all we can do is to join in the pump and make good profit. what i do is that i try to find these coins before they get pumped, then join in and decide on a profit. for example i decide that i joined after price went up 10% so i only want 20% profit and when i get there i dump it hard and get out. i have a secure 20% profit if price falls i still have my 20% profit and if it goes higher i still have 20% profit this 20% may be different in different markets though. in a big pump and dump coin like this i set that to a bigger amount even as big as 100% and in some smaller pump and dump coins i set it to smaller amount even 5% p.s XRP has gone up 3367% in 2 months |
|
|
|
At moment of this post, it's 1650USD, which is almost -240usd vs high point 1890, Bitstamp data.
So how far you think it may go? Or at what price you are going to enter?
price went up too fast, it should have came down. the correction always happens just like how the rise always happens. there is nothing stopping that. we just need to be ready to buy at the bottom before the golden opportunity fades away. just like the $800 earlier this year, this dip will end soon too. and next target will be $2200 this time. |
|
|
|
|
i am not talking about a new bitcoin user having trouble with fees and having their transacions (which they sent with low fee or received with low fee) unconfirmed. that is understandable.
what i am calling "scripted complaints" are those topics with the same theme. a newbie will never use some terms, talking about "moving on to an altcoin", "losing faith in bitcoin", "altcoins such as eth replacing bitcoin", "bitcoin not being ready for the big time",.... and many similar themed things.
i am getting convinced that these spam attacks can be coming from altcoiners. and from their recent massive pump they got more than enough money to do so.
even if i am wrong, this part is true: they are taking the most advantage from this situation.
whining in disguise!
|
|
|
|
They made their decision. They will refuse. Nobody gives a shit anymore about ETF. This is Bitcoin.
i also say this and will continue to do so. but one thing has changed in the world. and that is the news about Japan. if you look at all the rest of the countries, they are treating bitcoin a lot better. amny more countries are thinking about doing the same thing. so i say there is a very small chance that has affected SEC decision. but in the end even if they approve it, nothing is going to change |
|
|
|
So almost all of us know this term "whale" and it is used a lot when it comes to crypto currencies and their value, and especially around pumps and dumps when the perception is that a value manipulation is going on. But behind the term, there are people like you and me right?
So do you happen to know a whale in person? Or Are you a One?
manipulation is not nessasarily coming from a whale in a sense that many thing someone with 10000 BTC in his pocket. the orderbooks are big but not that big, so with a smaller amount they can manipulate it. and it usually coming with some FUD and people panic sell and create that massive volume of 10000 BTC. so in a sense you are right that "you and me" are behind the term. |
|
|
|
Presuming you are talking about blockchain.info here, and if so you would have to ask them why their software is inaccurate.
Your best course of action is to use a different wallet since they have trouble all the time.
Sorry, yes it's a Blockchain.info wallet... I know, I registered a Coinbase and now I want to transfer my funds, but I made 3 transactions and all of them were rejected. And now it looks like the same situation with the recommended fee. It seems blockchain.info haven't updated their software to calculate accurate recommended fee. These days mempools are full with thousands of transactions so recommend fee is way higher than what it was few weeks ago so blockchain.info script failed to calculate enough fees. You can increase those fee manually going through advanced send, just increase fees so that it shows you it will get confirmation within 1 block. you don't update the software to get the updated fee, it is a code that is written to analyze some stuff and suggest the fee, like what other wallets like bitcoin core are doing. the problem with blockchain.info is that they have always been bad and buggy in these areas. you can even see it in their blockexploere. it has a lot of small bugs and they are there for years before they fix it! for some reason they have not improved their fee either, which means the estimation is always far off the mark. |
|
|
|
if by "all the coins you have" you mean your balance there all exchanges have some section called balance or wallet which you can see all the balances and their value in bitcoin and there is always a little text on top telling you your total equivalant balance in bitcoin. try this link: www.poloniex.com/balances |
|
|
|
We still have a few issues which need to get solved before the bitcoin goes mainstream, Like Transaction fees and waiting times which has recently become a issue and You can't expect people to start using bitcoin overnight in their daily life, This is more of a pump which is taking advantage of the Japan Factor. we may hit 2K but there will be price correction happening soon. I am sorry to say this, But this isn't the launching time just yet.
These issues might be what are holding back Bitcoin. I see no other reason for alts to rise by 5-6x, while Bitcoin rises by 50-60%. Once these bottlenecks are removed, we can really take off. bitcoin is rising 50% because it is a much bigger market with a lot of people selling and the orderbooks are a lot more filled with orders than an altcoin which you can put up a wall with just 20 bitcoin or something. and altcoins are rising 5-6x because they are pump and dumps, it has nothing to do with what bitcoin has been doing, they get pumped all the time. go look at the charts you will see in the past years the same thing has been happening too. |
|
|
|
this forum is filled with complaints! where have you been looking this board is filled with topics talking about mempool being full, same topics about block size, topics about spam attack,.... in the tech support board there is always 20 topics about people saying their transactions stuck. in alternative wallets board and web wallets board there are topics saying "sent bitcoin from .... and it is stuck" and no it is only partly because of price that we are tolerating this. and if price crashed to $1600 we would just buy more bitcoin  |
|
|
|
|
the problem is exactly the fact that people can not wait around and do nothing when their money is involved. they will watch every single small change and build it up in their heads and make irrational decisions based on it.
then also they never go in with a small amount that they can afford! no, they always have to go big and ruin their lives with stress. even though price goes up but they will continue having that stress, and because of that they again make irrational decisions.
|
|
|
|
|
at the moment i beleive their problems are solved, but i don't get why everyone is insisting on continuing to use poloniex!
why don't you choose another exchange, like bittrex for example to trade altcoins. they are practically the same and are even older. i am not advertising anything here just say bittrex because i use it myself and have been much happier compared to using polo.
|
|
|
|
Revisiting the old thread at euphoria moment. i was wondering the other day about which one of these "bitcoin obituaries" is going to be the first to come up now that price has gone up. and here we go, one of the better ones. i still remember the dip back in the time he said all that. boy that was a great day for me to buy cheap coins. so i think we owe him some gratitude |
|
|
|
|
we will soon see a correction where price comes down and then the duck is going to come here and say "i told you so" thinking everyone who has ever invested in bitcoin no longer knows what a bubble burst and a correction look like!
|
|
|
|
|
Show Posts
