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You should not buy more when price is higher and buy less when price is lower. Do the opposite.
This is what Saylor did back in 2020, he bought small amounts in the $10K area and then when it peaked at $69K, he bought tons around that area and his average ended up being $35K or something because he started to average up at a different price than earlier.
So either buy the same amount or buy more at lower prices and less at higher prices so your overall average isn't too high.
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You can do this if you want. There is no risk. It’s very rare to capture a flash crash all the way down to $1K. However I happened before on illiquid exchange and pairs.
The issue here is you will need to provide capital to keep those orders in the book. You will need actual fiat on the exchange when you set the order at $1000 and you won’t be able to withdraw it because it needs to stay on the exchange if you want the order to be active.
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Haven’t heard about Ftx 2.0 in many months. I think the trustees suggested it rebooting and that’s about it. I think it’s possible at the moment with all the funds they secured from the SOL and BTC gains but the issue is that it won’t be straight forward.
I don’t think they can simply just turn it back on and let everyone trade like before. There is just going to be too many challenges and due to this , I don’t see it actually making a reboot. Most likely people will get their funds back and it’ll be closed forever.
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I rarely do any p2p bitcoin transactions now a days but if I did it wouldn’t be on the bitcoin network. And the fees are only half the problem. The other half is the wait time.
I remember years ago, doing some p2p meet and I think it took 1.5 hours for the block to confirm. And this was when blocks were empty, basically default fee was like 10000 sats which was a few Pennies back then.
If you do p2P you need it cheap and quick. Best is Ethereum with a stable coin of some sort like USDT.
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It works again. Just got a transaction in. 5 minutes after the hour and there are still 60 spots left or so.
So if you need to get some urgent transaction in then do so now before the bots return. There is a good chance the bots are taking a day off for New Years and will be back at it in a few hours. Either that or the admin somehow banned these Ordinal transactions from spamming their TX accelerator.
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Generally if you are borrowing money, you don’t get any rewards. One reward can be they offer you a lower interest rate. However you won’t get any rewards by borrowing money.
If you keep money in the bank then they will reward you by paying you interest. Then this money they lend out and charge more interest. However depending on the bank, the savings rate is small. So most put it in a money market.
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No, they would most likely earn less.
The only reason why fees are high now and people are paying high fees is because only 2500 or so transactions can fit in a block. So if they increased it by 10x the mempool wouldn’t be clogged and people would pay the min 1 sat byte fee and miners would end up actually making less money.
And we would also lose nodes due to the bandwidth and space requirements for such large blocks.
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Where did you get the $25 medium figure? It doesn’t seem accurate, especially for the entire year. The past 2 months was bad and it was bad in May of this year but even then most transactions would be less than $25.
Look at the mempool for the entire year you will see it wasn’t like this all year. For some reason after summer the popularity dispersed for Ordinals but eventually came back and clogged the mempool again at the end of the year.
Now you can still get a transaction confirmed for less than $25, especially if you use segwit.
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If you have tried using viabtc accelerator to accelerate your transaction via 100 free quota per hour then it is close to impossible for the past couple of days. So I thought they stopped offering free TX acceleration at first but I couldn't find anywhere that they stopped offering free TX acceleration.
That led me to think what if someone built a bot to abuse their service? or what else it could be?
That is why no one can see the numbers at the refreshing time and it always says the limit is exceeded, and also I would like to know if anyone successfully submitted it in the last two days.
I think they still do. If you are seeing this post notification, between now and the next 1 hour. The website usually experience low traffic as compared to in the afternoon, even before these ordinals took over the platform with bots, I don't know why but often I don't get chance in their free service until midnight like this. Give it a try between 11:00 pm forum time or 11:59 pm forum time. Just put eye on the seconds of your time and as soon as it start, paste your transaction withing the first 30 seconds, it should go through. But what is the solution for this Ordinals? Are we going to continue to compete with these guys, they literally the reason why Viabtc service has increased, imagine where in the world only 100 transaction are allow for free transaction boost, I think this guys should be allow to used BSC or ERC to spam because I'm not sure if this is madness or adoption, the dream of pair to pair network is dying before our eyes. It will not work trust me. I have tried and timing it to the exact second and its always filled up. And you don't need to wait until midnight, its every hour. Normally at the beginning of the hour, there would be 100 slots which open up, and slowly they would go down as people submitted their TX ID. However right now as soon as the clock hits top of the hour, immediately 100 slots are all filled up. Getting tired of all this Ordinal stuff. Basically need to spend $10-15 just to get an 1 input and 1 output transaction to confirm at the moment. With this ViaBTC it only cost $1. |
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Yeah i've been trying for the last 2 days. For the past month, it was always possible to get a transaction in. However now, everytime I try, in a split second its over the limit.
I tried everything, including clicking the submit captcha button 1 second before the new hour starts. Tried 5 seconds prior and after and same error.
Anyone know if you need to submit the Transaction ID after the start of the new hour and solve the captha? or can you submit the transaction ID before the start of the hour and click the Captcha solved Submit button after the new hour starts?
Everything I tried hasnt worked.
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Basically for the last 24 hours, its impossible to get a transaction in. I click submit at exactly the top of the hour, to the second, sometimes a second early and a second later. As soon as I submit it, 5 seconds later it says all slots are full. And if you check the total amount of transactions accelerated it increased by 100.
I think I tried like 6 times and each time the same result. I find it hard to believe that somehow 100 different people are submitting their transactions at that exact second. Anyone have any luck?
Few weeks ago when fees were 250Sat/byte you could get a few transactions in every hour, now its near impossible.
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Yeah they $48K zone won’t be easy to crack. It’s also one of the important fibs which usually causes a retracement and also it’s a pivot area and right below the $50K psychological.
I think if we get the green lite on the etf, it’ll spike there and close as a wick and then we will get some profit taking before revisiting this area again in a few months or a year, maybe after the halving like it was in previous cycles.
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I didn’t realize they were getting payments in fiat. I assumed they got paid long ago after they sold BTC on 2018 when the exchange was solvent again.
I was expecting they would get a fair share of the remaining BTC and they would start moving those bitcoins from the trustees into peoples actual bitcoin wallets.
Anyone know when those actual bitcoins will be distributed?
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He has a pretty smart strategy. Basically offering shares in exchange for capital which he uses to buy more bitcoin. I think he upped his buys because he used to buy $500M every 2 months but he bought over $1B in the last month I think.
I am guessing he knows the etf will be approved and the price will go vertical and it will be the end of his accumulation. I don’t think he wants to buy the top again and ruin his average like last time.
Hope he doesn’t sell his stash soon however.
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One thing to keep in mind is that it doesn’t matter if you are sending $1 or $1M your fees will be identical. Another thing to keep in mind is that unlike ETH, if you received a lot of small transactions and you want to send them all to 1 address such as an exchange, then you will need to combine all those inputs.
And combing all of them won’t be cheap. If they were all like $20 or so, then it would cost more to move them than they are worth. Hence why right now it’s not wise making any small bitcoin transactions.
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First of all, ETH didn’t move to POS to get cheaper fees, they did it mostly for environmental reasons and they didn’t like POW because it was a waste of energy. As soon as POS went live, the fees were pretty much identical.
BTC won’t switch to POS, there is nothing in its future about doing such a thing. Ethereum is different because ever since it’s launch in 2016, it’s goal was to go POS but it was never bitcoins future. So there will be no POS for bitcoin don’t worry.
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Bitcoin faucets were a thing of the past for the last 10 years pretty much. What people used to do was used faucets from gambling sites.
With some you got 1000 or 10000 sats and all you had to do was solve captcha or wait a few minutes and if you got lucky and made the min withdraw you could get it sent to your wallet. This was 5 years ago and due to abuse they closed it down.
Even if there was a faucet, the miner fees wouldn’t make sense to send the transaction now a days.
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You need to trade what is hot right now which is Solana and Ordinals. Ethereum on the other hand seems to be fading away.
Also if the etf is approved then most likely bitcoin will be fairly bullish for the next few months. As each day more and more BTC are taking off the market to be parked in the etfs.
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I don’t know how accurate that list is. I am from Canada and we got that Purpose BTC ETF which is actually a spot etf. Currently it has 35K bitcoins which is around $1.5B but the chart says it’s only 650M which is not accurate.
I don’t have time to check all the other etfs. It’s easy to check, usually the AUM is listed as soon as you google the etf name so it’s not hard to track.
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I remeber they sold some BTC back in 2017-18 to cover the creditors. Does anyone know if those were paid out yet or are these the payments that are going out right now?
As far as I can tell none of the BTC in the trustees wallet have moved. So these seem to only be the fiat portions. It’s pretty crazy how it’s been exactly a decade since it went bankrupt and people are getting their money back.
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