The reason why your transactions take 2-3 hours is because you didn't use the best fee to get your transaction included on the next block, if you did the average transaction time would be around 10 minutes. Its actually even less right now since the difficulty is going up, so average transaction time is maybe 9 minutes or so.

Will this get reduced in the near future? Most likely not. It would mean a bitcoin hardfork which nobody will agree too. If we made 1 minute block times the blockchain size would be way too large and would result in less nodes which is not what we want for decentralization.

Many people like me adjusted during the 2017 cycle pretty much when we had crazy fees. I just don't do any micro transactions anymore. I moved onto ETH but then the same thing happened on ETH and then I just started to use L2.

When I make a large purpose than paying a $2 fee on Bitcoin blockchain is not that bad. The issue is when you make daily transactions like that which can add up quick. Basically for daily transactions you need to use some form of L2. Either lightning network or some L2 chains like Polygon/Arbitium. I think many will just need to adapt to this. You don't see anyone on the bitcoin chain doing transactions for less than $100 these days.

There are different ways to describe liquidity. One way is there are liquid assets and illiquid assets. Basically stocks and cash are liquid assets because you can sell those quickly. What is not a liquid asset is stuff like real estate.

When it comes to crypto it matters how much liquidity there is. Usually on weekends there is less liquidity and more wicks. Same with low cap altcoins. That is why it’s easier for price to move on those pairs compared to say BTC or ETH.

I don’t think demo accounts are good for new traders. It seems strange but you will lose less money if you just start trading with real money than demo money.

People on demo got no emotions and can easily turn $1000 into $1M with minimal effort. These people then just assume they are geniuses and borrow a large sim of money and start to trade big. Then they discover it’s not as easy as they assumed and run into huge losses. Hence why it’s better to just trade with small positions like trading Pennies because you will get some emotions and trade for like in real life.

Yeah I’ve been a miner also in the past and what you experienced basically happened to many miners in the past. Miners should just mine and nothing else.

Many tried to trade and they lost all their mined profits. And some even tried the crypto casinos and also lost it all on dice. It’s because mining doesn’t really pay as much as trading or gambling and why many get greedy and went up going bust.

They should just let him go back. I highly doubt that he is a flight risk. Look what happened with Arthur Hayes. He just got probation or house arrest if I recall.

SBF is in jail because he stole billions, CZ never stole anything. I don’t even think he will even go to jail most likely banned from trading or running any crypto exchanges.

Ok I am following the thread on twitter from the guy who sent the large fee. He says that he was creating a new cold storage address and as soon as he moved his funds to this address it was sent elsewhere. He doesn’t know why it has the large fee.

Many asked him what software he used but he didn’t reply yet. I am guessing it’s some fake wallet because there have been no other reports of users getting funds stolen. Also it’s a buggy fake wallet because it didn’t work properly because a lot of the bitcoin moved was just the fee.

There is a statue of Satoshi somewhere in Budapest and it’s basically a mirrored statue so when you look at it you see yourself. Because you are Satoshi, we are all satoshi pretty much.

It’s a currency created by the people, Mined by the people and spent by the people. Hence why his disappearance is very important.

So that’s why you can’t say Bitcoin is the same as Ethereum where the founder is known. Hence it is faceless.

Well what is the point of the central bank now that their currency is useless. You keep the central bank and they issue new notes, most likely the same inflation problem will happen.

They are better off just using the US dollar or the Euro, and stay out of their own currencies. Many of their citizens stopped using their currency long ago as it was way too unstable.

I think this investigation was ongoing for a while. I don’t know what the 4 fingers meant when he was holding it up but some are speculating it’s the $4B he will owe to the government.

The writing was on the wall when Binance all of a sudden started to lose banking partners for deposits and withdraws. Then the entire issue with the stable coin. And eventually all the problems that happened at Binance US.

We all knew something was up but didn’t think it would be this.

I think it was some weird bug where if he used the api, it fetched the wrong fee. Or maybe he was doing the transactions manually and got a few decimal places mixed up.

I guess this is why you should always look over the confirmation before hitting send. Make sure it goes to the right address along with the right amount to send along with the fee. Pretty sure normal software clients can’t make a fee that high manually.

Governments have been against crypto since the Ftx collapse because those that lost funds complained to the government and they basically needed to take some action.

Notice how none of this was an issue prior to Ftx. Then as soon as it collapsed everything changed and we had exchanges getting sued and massive crypto regulations.

Some think it’s a good thing because it paves the way for the etf however which could be true. Binance was just too big and why they went after it.

Another reason why this is happening is because people no longer trust CEX after FTX scandal. The chart shows the illiquid supply greater than 1 year and you can see it went up because last November people withdrew all their coins from exchanges and put them in self custody.

Even if you weren’t part of FTX, the fear would of caused you anyways to self custody and get a hardware wallet. So this chart is not surprising. It will be more interesting what happens when price goes higher and if the supply will drop.

Yeah it’s basically what happened when Bitmex went down and we got that huge rally because it gave the go ahead for the COIN IPO and the Bitcoin futures etf to be listed on the stock market for anyone to buy.

Bianance had too much control and they worried that if someone took over the market it could cause a massive destruction of the financial system because if many funds were leveraged on the bitcoin etf and it crashed it would cause massive margin calls and set off a cascade of losses.

I don’t think the lost coins are due to people forgetting their passwords. There are services out there which can try and brute force the password as long as it’s not too long or feature special characters.

Most people lost their coins forever because they either threw away their hard drive or they overwritten it. And in these scenarios it’s impossible to recover the lost coins.

Now a days nobody forgets their password or throws away their hard drive because Bitcoin has a huge value.

I followed that guide before. Back in the 2017 and 2021 peaks and I noticed that if you relied on those graphs you would of sold way too early.

Most likely if we hit ATH those graphs will start to reverse but price can still keep going up. So you can’t really use that as a guide. It’s an interesting observation but not a good technical analysis to trade on.

Honestly I don’t see it anytime soon.

Right now everybody is getting into crypto to get rich and they aren’t going to be making micropayments to pay for their coffee.

The technology is there already. Many businesses can already accept crypto easily with exchanges such as Coinbase but they don’t because they assume there is no demand for it, at least yet.

It’s a different story in emerging markets however. Those markets will have more and more crypto adoption for daily life instead of places like USA.

Well we knew SBF was a criminal as soon as his claimed bankruptcy last November. But nobody would of expected CZ to actually be charged with all this.

His exchange was actually fairly honest and never scammed or defrauded individuals. This is why it was a shock to many and many are saying is was blackrock that claimed this needs to happen for the bitcoin etf to get approved. Binance just was way too big and they want the market share to separate.

The only safe leverage is 1:1 which is no leverage at all. If you go 10x on your $1000 you will get stopped when the prices goes $100 against you, when you account for margin requirement and fees you will technically get stopped earlier.

Don’t believe all those screenshots showing how someone took $1000 and made It into a million. Many of those are photoshopped or they just got extremely lucky. Most traders don’t make that much money in reality.

I am new to DEX and Uniswap. I used it before for simple market price swaps however I am wondering is there anyway I can set limit orders whenever I want to sell something or buy something.

Currently I would set alerts on Tradingview and then I would go to Uniswap and buy and sell at whatever price the market is trading at. However I am wondering if its possible to just use limit orders to buy and sell.