|
It's a good thing, right?
Which mean bitcoin acceptance getting bigger and spread wifely among big companies that willing to adopt bitcoin as a payment method since its price growing significantly in the last year. Moreover, they don't pay the fees, we do.
Considering the price of bitcoin which constantly increases over time, they won't lose if decide to hold bitcoin or just convert it to USD right after receive bitcoin, or else third party such as Bitpay will be useful in this case.
|
|
|
|
|
Bitcoin price fluctuates is a normal thing due to people trade cryptocurrency based on current development and acceptance, every issue will affect the price. Especially for now due to bitcoin fees people tend to invest in alternative coins which are better than bitcoin. It will change as soon as scale solution implemented such as lightning network.
Another thing is bitcoin acceptance, if South Korea ban cryptocurrency trading, the price will fall as people selloff bitcoin.
|
|
|
|
Its not their mistake man, Bitcoin fee is high now a days due to network congestion, its not their fault. They have enabled Coinbase withdrawal now.
Indeed, current network require high fees to deposit and $18 in btc isn't a big amount. However, I didn't know about this deposit and here about their fees; - Non-refundable new order fee 0.0001 BTC
- Payouts for balances less than 0.1 to external wallet 5%
- Payouts for balances greater than or equal to 0.1 BTC to external wallet 3%
- Payouts for balances greater than or equal to 0.001 BTC to NiceHash wallet 2%
|
|
|
|
Who would buy fried chicken with bitcoin? People are not crazy to buy fried chicken with bitcoin and pay more money to have their transaction confirmed  Fried chicken:$10 Drink:$2 Total:$12 Paying with bitcoin would cost you $17 if you'd want to wait for 2/12 hours, If you want it to be fast, It could cost you $27 KFC must be pretty stupid. Bitpay just stopped accepting regular Bitcoin addresses on their webpages, no-one will be able to use this period if they're doing the same at their POS terminals. Also, Bitpay will probably still be using mainnet 10 years after everyone already switched to Lightning (these fee problems wouldn't exist if Lightning were used). So the timing is pretty terrible, as Bitpay are highly unprofessional, and Lightning isn't quite ready yet. I bet KFC cancel this in 6 months, saying "NO 1 IS USING BTC WITH US  ", 2 days before Lightning goes live (and KFC misses out on the more profits than they could ever hope for ) LoL you guys have to read before post such statement. That said, you can't exactly walk into a KFC location in Canada and pay with crypto at the cash register.
Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page.You are not walking to KFC Canada and said; hey I want to buy a fried chicken and pay it using bitcoin. I'm sorry, that's not how it works. You should deposit bitcoin to Bitpay. Once received, BitPay converts the bitcoin to your preferred currency and adds the full amount of the payment to your next BitPay account settlement. Funds are then deposited to your bank account or bitcoin address.No need to wait for hours or days after you have deposited bitcoin to Bitpay obviously, the transaction is instant. However, BitPay has it own fees to be charged for customers. |
|
|
|
|
This article mostly talk about trading stocks instead of cryptocurrency, let me quote the last paragraph:
As far as for cryptocurrencies and fiat currencies,
-firstly do your own researches to find out, which of them usually comes out of a downturn first.
- Afterward based on the history of past data, use those information to invest, during the bear market.
These are common ways to survive in cryptocurrency, but for people who have invested in cryptocurrency at the peak, there is no any other option but hold until the coin recover or just sell it to cut the loss. But, for famous coins which has potential to rise, no need to worry, just hold it.
|
|
|
|
Tx Fees are very high and slow. It is not practical to be used on daily transactions which I think the first purpose why bitcoin was created.
Indeed, current fee is pretty expensive and it takes a long time to be confirmed unless we are willing to pay higher fees. But considering the development and acceptance, bitcoin can hold its value above $10,000. It's pretty impressive though. The only thing that may push bitcoin to fall down if Big countries ban cryptocurrency trading, such as current issue about South Korea news. However, in the long term, bitcoin will regain its value and rise again due to the usability and originality of bitcoin as the first cryptocurrency. |
|
|
|
hi thanks for the input , I already upgraded my electrum wallet , and also made a new segwit wallet there but couldnt find deference between fees there Do you use electrum 3.0.5 ?? It's important as a vulnerability has been found in electrum 2.6 to 3.0.4. I guess you do. You can set a custom fees to transact using segwit address, even though it's not so significant as current mempool seems flooded with too many unconfirmed transactions. At least, you and the destination address have to use segwit. First, you have to set the electrum wallet; - Tools > preferences > Fees - Enable (use dynamic fees) - Enable (edit fees manually) And now you are ready to set custom fees to send bitcoin. Make sure to check recommended fees for current network. |
|
|
|
|
Cryptocurrency market will always fluctuate, it was risen at the time Op posted this but currently the market tend to decline due to South Korea issue to ban cryptocurrency trading. South Korean exchanges always become the market makers for the uptrend for most coins, people always watch over the price of cryptocurrencies in South Korea exchanges, if a coin rise up, then many people will buy this coin as well, such as xrp, it started from South Korea and Bittrex traders follow it.
|
|
|
|
Hi everyone,
I am not interested in trying to guess when BTC crashes, everyone knows it will one day, I want to figure out how to make money from the crash.
Any ideas?
There is 2 way to make profits from BTC crashes; 1. Buy bitcoin, hold for long term, then sell it at the peak. 2. Waiting for bitcoin crash, buy bitcoin in the dip. LoL, it's a common thing in trading, but the hardest thing is; to predict the right time to buy and sell bitcoin. Ini this case, timing is everything, but most people mistakenly guessing it, ended with regret. |
|
|
|
Quebec was fishing for tech giants but caught bitcoin miners. LOL 
"We have the capacity, but we’re not used to having so much big demand like this. It’s a good problem to have."Actually, this is a funny news But this become a good thing for the miners since Quebec has two things that really important; cheap, abundant and renewable electricity to cover mining farms and a good political stability since China government sours their business.
|
|
|
|
|
Regulation is always the biggest obstacle for bitcoin development, especially if it comes from a Big country which has huge trading volume such as South Korea.
However, it may takes a long time for South Korea to ban cryptocurrency trading as: Once a bill is drafted, legislation for an outright ban of virtual coin trading within South Korea will require a majority vote of the total 297 members of the National Assembly, a process that could take months or even years.
Although, there is a chance that South Korea will not ban crypto trading if majority vote of 297 members of the National Assembly decide no to ban it.
|
|
|
|
|
Few things to consider and you need to provide more information about yourself. Most of exchanges can handle transaction for 50 ETH.
- buy and sell eth? Do you mean; deposit fiat currency first and then buy eth?
- where do you live? it's better to use local exchanges in your country, such as Coinbase for the US citizens, BitHumb in South Korea, BitFlyer for japanese people or Kraken for Europeans.
|
|
|
|
NEW UPDATE:
Well in my previous update i said that card costs .0017, it actually costs .017 which is around 230USD at the moment, and i only sent .0017 on first transaction, tbh i think their pricing is a bit steep and they don't even give confirmation of their cards availability before you pay which sounds dodgy because there might be a very long wait list or they might just tell me "cards are not available at the moment we will let you know once your card is ready", happened with me before on a different site!
If they say "cards are not available at the moment", will they refund your money? as you have sent it before. Or just waiting for uncertain time to get next batch of the cards? Yes, BTC0.017 is pretty expensive for many people, depend on their perspective to find a way to convert bitcoin to fiat, but if it's really works, $230 is worth I due to it can help to cover electricity for your mining farm. Wish you luck. May I ask; Bitcoin is illegal in your country or the government only ban cryptocurrency trading? How many ASICs do you have? How about the electricity cost, is it cheap or free  ? |
|
|
|
|
How about people who just purchased mining contract recently like 1 week or 1 month but have not achieve ROI? It's a disaster for them.
What does it mean; Please finish all your cloud mining contract trading ASAP?
Will they gonna pay investors for the rest of the contract or just stop all the contract yesterday?
|
|
|
|
Will bitcoin price ever cease to fluctuate so hard? I mean currently it seems as if it's fluctuating just because of the trends among people who believe that investing into bitcoin, given some time, is 100% profit. But what if the so called bubble would burst, shouldn't the price get more stable?
Fluctuate so hard? It's a common thing in crypto-market, even for bitcoin which has the highest price, people aims to get profits by trade bitcoin and altcoins, hence, it's inevitable. Bitcoin won't stop to fluctuate as long as there is the demand for bitcoin, there will always people who sell bitcoin and vice versa. The nature of bitcoin price is constantly increases, but recently, bitcoin fees makes people looking for an alternative coins to invest in, and others can't be patient for bitcoin to increase, which makes them prefer to cash out and allocate the funds to altcoins. |
|
|
|
May the highest gas and gwei user wins. 30% left of the crowdsale and i dont think it will last for 20mins.
140.700.000 IPL token Sold-Out during the presale, there is 67% IPL left to be sold on crowdsale in few days later. But, yes IPL may be sold-out within minute, just be ready to fulfill all the requirement, especially KYC documents; All those who want to participate in the crowdsale will need to have the approved KYC status. ( https://www.insurepal.io/whitelist) and then we can invest on IPL. |
|
|
|
|
Bitcoin is getting too big to fail, even though we don't know whether bitcoin will stay here for another 10 years or not.
Considering the funds that has been invested in bitcoin, many people will be loss, especially the miners.
The only thing which can be the biggest obstacle of bitcoin is regulation, if most countries ban bitcoin, it will lose the value.
|
|
|
|
Just hold and don't sell it for a long-term, then you won't be loss. It's going to go down a lot harder or longer than you expected. Perhaps it even passes the obvious 8K level and goes down to 5.5K or below. Either way, you are going to PANIC.
Panic seller are just newbies who don't know the potential of bitcoin. If the price decline to $10,000 many people will buy it, moreover at $8,000 or $5,000 consider that as a big discount for everyone. But, your speculation isn't going to happen, there is no reason why bitcoin are going to fall. There only 2 reasons that can affect bitcoin price to fall significantly: 1. Big countries (US, Japan, Europe, South Korea) comoletely ban bitcoin. 2. Big exchanges get hacked which cause over BTC500,000 is lost. |
|
|
|
many people ignore this phrase: Only invest amount that can be lost But they should not ignore!!! It's a common rule of invest in cryptocurrencies due to the volatility which can change in a matter of minutes. But recently this rule being ignored by 22% of bitcoin investors, even if they bought bitcoin, there is no guarantee it can give profits every month to cover the debt as bitcoin seems to fluctuate but can't reach $20,000 again anytime soon. |
|
|
|
|
Most global exchanges or trading platform have the same issue, as cryptocurrency become more popular in the past few months cause massive register and transactions on exchanges. Hundreds of tickets maybe not a problem, but how about hundreds of thousands of tickets and maybe Millions of tickets submitted every day? Exchanges have to recruit new staffs but we don't know whether they want to or just keep their work with the current member of their team.
Fortunately, I never have this issue, local exchange in my country works so well, maybe the best exchange in the world.
|
|
|
|
|
Show Posts
