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XAPO is charging its customers high fees which make it one of the worst wallets I ever used.
I think the customer should be able to chose how much fee he want to pay.
Due to network congestion, fees became insupportable but XaPO has the highest fees among all online wallets.
You should wait till fees become more reasonable and then move your funds to a hard wallet.
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If you are really an old Bitcoin user then you should know that coverting your BTC to BCH is not the appropriate solution.
As a Bitcoin believer you should not support greedy developers.
It is just a matter of time before all network problems get solved, and I think using SegWit would be a good start.
Bitcoin will recover soon but in the meanwhile you can use other coins.
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That is a good sign because it shows how big the cryptocurrency market is.
In 2017, the market cap rose over 3000% making governments more interested in it and willing to get their part from it (500 billion USD).
All their intention is ta have control over that market but it will not be possible simply because of the decentralization of the network.
Warnings and meetings will bring more investors and more people will hear about Bitcoin.
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Well bitcoin transaction fees are very high which some of us cannot bear with it imagine that you are just send $10 dollars worth of bitcoin you have to pay $20 in fees just to confirm very fast and currently the minimal transaction fee is 900 satoshi per byte so, in average sized transactions you have to 0.002 ($33 in today's rate) in fees just to confirm your transaction and because of that some investors and holders were move to bitcoin cash and other cryptocurrencies for lower transaction fees and fast confirmation so, that's why bitcoin dominance were getting lower and lower. Well before drawing a conclusion you should think little more why Bitcoin fees increased that much! With little inspection on current crypto market, I have come to following conclusion:  The above chart has two attribute, one is Bitcoin fees in USD and other one is BCH price in USD. You can clearly see Bitcoin fees is directly proportional to BCH price. When BCH price rises, BTC fees rises. Now why is it like that? The answer is simple, BCH market is nothing but an illusionary attempt to overtake BTC in race of being real Bitcoin and this movement is backed by most of the miners (mostly antminer ones) because difficulty of BTC mining made it less profitable whereas BCH mining is still cheap. So when BCH price rises, they just move to BCH and as a result BTC fees rises (Demand/Supply) rule. But every time it proves temporary and BTC recovers sooner or later because of huge faith by investors in it. So fees will decrease soon and BTC dominance will increase again. PS: everyone above blaming Increased Transaction fees and slower transaction to be the reason, please have a look on my answer. You are right, but what will happen if all miners move to support BCH (which will never happen)? Any cryptcurrency expert can easily figure out that BCH is completely affected by BTC price which means that it has no value in the absence of Bitcoin. Miners are just trying to get as much profit as they can regardless the coin they mine (they support). |
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It seems now that BTC and many of the main cryptos are our of reach for a majority of people. It’s become a speculative disaster waiting to happen. A peer to peer decentralised form of payment now left in the hands of 2 individuals who own more than 40% of it and an ever increasing and volatile price which makes transacting in BTC for goods and services practically impossible. It’s fair to assume that satoshi would be appaled by what is taking place.
It is true that it become impossible to use bitcoin transactions to pay daily expenses such as buying goods due to high fees. But any one can buy a small amount of bitcoin and just hold it still profitable especially with recent decrease of pries. Concerning altcoins, I don't agree with you, you can buy some good coins at a low price. People holding more than 40% of total supply are not using them. |
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Nothing new here, all governments prohibit their financial institutions and banks under their control from trading Crypto currency. Even most developed countries refuse to recognize Bitcoin and the obvious reoson is lack of regulations. You should have mentioned that the government of Kuwait didn't prohibit ordinary users from trading Bitcoin: Kuwaiti regulators have no grounds for prohibiting the trade in crypto-currencies by ordinary users
=> The Central Bank of Kuwait's statement will have no effect on the cryptocurrency market. |
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If it is only a DNS attack as declared on ED official tweeter account: 1/2 *IMPORTANT* we have reason to believe that there had been malicious attacks that temporarily gained access to @etherdelta DNS server. We are investigating this issue right now - in the meantime please *DONOT* use the current site. If so, every thing should be OK and your coins will be safe. The hacker can't get your private key unless you provided it to log into the phising website. ED team didn't provide enough information and didn't even bother themselves to answer users question that's why I decided to stop trading there. |
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Using cryptocurrency worldwide would be a revolutionary thing. One day it will be a fact thanks to technology evolving so fast.
However, it may not happen soon because of many factors:
- Infrastructure: Internet is not available in some countries.
- Regulation: cryptocurrency has to be regulated before it can be used worldwide.
- Volaility: can be considered as a disadvantage.
- Ignorance: many people don't know how to use new technologies.
....
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I guess it would be better to invest in both (50/50).
Bitcoin is the best choice for long term investment: 2017 investors got 18x their original capital.
It would be better to trade altcoins instead of holding them, many of them are too risky but can afford a good income
in the short term due to high volatility.
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Let me explain: you wanted to buy bitcoin with 100 dollar (when the price was 18.000$) and sell it when the price becomes 20.000$!!
thus your profit will be 10$, right!!
but you forgot about fees, you will have to pay more than 20$
These days, investing in bitcoins is only profitable when you buy a big amount and invest for the long term.
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You moved 25.000$ so paying 15 fees in bitcoin won't be a problem. Banks usually impose fees, I don't know why they didn't the same with you. You were saving your money in that bank account for more than 12 years, I don't want to imagine what could happen if you only invested 1% of that money 2010 or 2011  Bitcoin network is as secure as banks systems. |
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Bitcoin price can't crash like that in one day, even Trump is unable to do that. Even in the worst cases where all governments start banning Bitcoin, people will keep trading, the price will decrease for sure but will never fall down to 0.89$. or even better What would you do if Bitcoin Skyrockets too 2,5 million USD per Bitcoin You are very optimistic, thta's good but if you are going to invest you have to be more realistic. |
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Bitcoin price started growing since the first day. in 2010 the price was below 1$.
But this year Bitcoin sets record high near 20k$.
Investing is a good decision with the value continuing to soar besides, all crypto experts are expecting the price to keep increasing during 2018.
John McAfee "a cryptosecurity expert" published a tweet predicting that the price will hit 1.000.000$ by the end of 2020.
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Bitcoin market cap is 4* Ethereum market cap. Ethereum has many advantages compared to Bitcoin especially transactions confirmation time (an eth transaction is confirmed in seconds). What makes Bitcoin more expensive is that it was created to be a payment alternative while Ethereum is developed to be a platform which facilitates peer-to-peer contracts. I think Ethereum is more valuable but Bitcoin is more expensive  |
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I hope you know what a ponzi scheme is!!
A ponzi scheme means SCAM so stay away from it.The idea is to pay first users to attract more users but then no one will get paid.
More people joining the website means more profit for them and more people scammed. If you are lucky enough and got paid, I advice you to stop investing there
because you will loose your money sooner or later.
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Bitcoin Cash price is already 2150$ and still rising, but I think it is just a pump and the price will crash soon.
It will not be a good idea to invest for the long term. You can just make a good profit from buying and selling in the same day.
Let's just wait and see what will happen.
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This is the greatest strategy, all traders should do the same.
When buying many cryptos you will be sure some of the them will skyrocket and recover those falling.
Now that you doubled your capital, I think it will be wiser to sell 50% and thus you will have nothing to lose (pure profit).
Anyway, with such strategy, risks of losing are insubstantial.
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Competing against Bitcoin is not easy. it is the most trusted and most used coin.
But there are some coins gaining value each day and looks really promising like Monero and NEO.
Alts are too volatile compared to Bitcoin it is the reason why people hold Bitcoin and use alts for trading.
Don't be mislead by coins growing fastly, it usually don't last for long.
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In the cryptocurrency world, Bitcoin is considered as the reserve currency, that is why all other cryptos are influenced by changes on Bitcoin price.
A cryptocurrency price is mainly determined by its utility, and Bitcoin utility is payment, but with fees increasing significantly, using bitcoin for payments is becoming
useless which will cause the price to go down. That is why I believe a correction will happen soon.
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In 2011, I went into gambling and I was trading in betonmarket, but I got disappointed after losing alot of money and those of my friends! Since then I have a serious fear about gambling and betting. But I have started developing interest again as it see that cryptocurrencies make gambling easy and if I can control greed I can really make profit.
If you don't want to live the same experience again then stay away from gambling. Cryptocurrency and fiat are the same, I don't know how crypto can make gambling easier. All gambling addicted say the same "I can control my self/ this time I will make profit". It is your money but at least try to really control your self and when you start loosing just stop. |
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