TA people were expecting a 30-40% drop one month ago. Since then the price almost doubled (32k->58k). Now we have a correction. Fine. Some want to cash in, the market needs to catch its breath or refuel the rocket.
The rule for investing only money you afford to lose exists exactly to not freak out in times like this.


On a brighter note, it looks like it's trying to start recovering now..

Trading is a risky business and this saying is for traders. Obviously it's better to wait until it's down and buy the bottom. But the bottom doesn't last, so the traders with balls are "fishing".
The rest are watching and waiting.
Some fishers will catch the bottom, some will get burned.


The reference is for traders. Investors/HODLers will wait until the price rises again. This could be just another refueling stop.


It rose too fast. A stop for catching breath is good, although it does look scary, I don't deny that. TA people were warning about this around one month ago.
The news come and go. The buyers love these dips, they may even cause them to buy the bulk cheaper.

The idea was that if you are known to have the coins and somebody is already targeting you, there's a better chance he will go for a 5$ wrench attack than something so highly sophisticated as presented in those lists.


Yes, overcomplicating the things are easily leading to that. And some try to do cold storage when they don't understand what happens there, again losing funds (I remember that there was a thread about Electrum 4.0.phishing "stole the coins" when the user came online! with the "cold storage"! to broadcast a tx)

I didn't try Wasabi and CoinJoin yet, hence I'm happy you do it and post here (yep, I'm somewhat lazy)
However, I've found something. I am not sure if this means that on testnet anonymity is hardcoded to 2, please read for yourself:

Since the fees are quite big nowadays, it could have been better to import instead of sweep.
Sweep is a new transaction and the confirmation time depends greatly on the fee you've paid for that transaction. If you can find the tx ID, if you paste it into [ https://bitcoindata.science/plot-your-transaction-in-mempool.html ] you may get a somewhat idea of how far you transaction is.

I'm not sure if this is exactly what you want, but this website allows you convert big numbers to hex: https://defuse.ca/big-number-calculator.htm
You have to enter the decimal number, select the output be Hexadecimal and "calculate". If you don't want digit grouping with spaces, uncheck "add spaces"
(Disclaimer: it's not my website, if you don't like it google for another.)

Maybe you are opening the wrong file. Export to a new folder and be careful with the steps. You have an explanatory image here: https://bitcointalk.org/index.php?topic=5269031.msg55003671#msg55003671
The file should be OK to be read with Notepad and should start with readable text:

This is a standard behavior of many custodian wallets and especially centralized exchanges.

Each user has his own deposit address. The money sent there becomes the property of the exchange and all the trades are made between numbers in the exchange's database.
This means that when somebody withdraws money, the exchange will send others users' deposits. This hopefully explains why more input addresses.

Then the exchange, in order to save costs, will group multiple withdrawals into one transaction, as long as the time between those withdrawals is not too big. So the bigger the exchange, the more output addresses you may find.

When you export the key, try this time to export it without protecting it with password^*
This will make the result file contain one or more keys probably starting with K, then having a space and a date. The key without space and date can go into Electrum^**

* Please keep in mind that this operation exposes your private key and if you have malware on your computer you'll lose your funds.
** Please make sure you download Electrum from electrum.org and you verify it before the first use ( https://bitcoinelectrum.com/how-to-verify-your-electrum-download/ )

For now it's back to the oh so scary levels from .. Friday.
I don't expect to get out of the current bullish trend, but I don't have a crystal ball, so I don't predict.
Put the charts to daily candles. I may not stop the current dump, but it may cure your current fears.

I will answer now here, but please try in the future ask this on any other place than competition's topic. Let's be nice.

I've done only test withdrawals, and only 2. One was on bank's exchange rate, meaning some 8% fees (urgh, never again), one was at "issuer" exchange rate, which was exactly VISA exchange rate plus the usual 0.9%.
I don't know yet if it's eligible for cashback or not, since one withdraw was in the free period and one is too fresh. But that's all (!).

You are right, I didn't phrase it good. I wanted to refer to those considering hardware wallets safer than cold storage.
Imho cold storage is safer because you can have much more control on what happens there and which in most cases you don't really need to update, versus hardware wallets which are not all open source, which can have bugs and hidden flaws (them or the wallets installed).

Mine is still there. But not used. I have some ~4 EUR on it. If they still want to charge me after those are depleted, I'll tell them to f* off.



I've noticed that the current Wirex card and Binance card have the same issuer (same BIN) and they're also rejected in the same shops.
So I have the same dilemma.

Indeed. I keep reading about people claiming that cold storage is not safe and show big list of possible attacks.
A 5$ wrench attack is much more likely than all those together.

I also agree with JetCash.
Bitcoinaire should mean somebody who owns 1,000,000 bitcoin.
If one owns 17.3+ BTC (at 57.5k$) I would maybe call him millionaire (since the million is in USD).



Most probably they were on this forum. But quite probably they are no longer here, instead they are busy enjoying life.

Touché. I didn't expect them handle this in such and amateurish way.
On the other hand, having your own cloud/data center is an expensive endeavor.
But proper RAID, maybe replication too, should be something absolutely normal, else 2 simultaneous bad hardware events may make user data no longer "safu".
As others replied to that tweet, CZ should hire a specialist. It would not cost that much...


This is a good point. At least PP is spamming the users in case of inactivity and funds still there. The corresponding e-mail should be still used/read to avoid surprises.
Still, best is to withdraw and be your own bank.

Actually you are wrong. A proper exchange will have multiple mirrors and backups of their data and will probably use cloud services for their operations. And since the data stays "live" 24/7, the price is bigger than for simple data storage. (Of course, this doesn't excuse them for being greedy.)

We cannot know for sure what will happen over multiple weeks.
I do expect, however, that it will reach much higher levels in certain days or periods of time.
And I do expect, especially if Bitcoin price doesn't make big jumps or in the week-ends, to get to lower values (8-9 days ago I've seen under 10 sat/vbyte; last night I've seen under 30 sat vbyte).
But again, the fee depends on how many transactions are made and how much impatient are the senders to get the transactions confirmed (and keep in mind that exchanges and other services are usually "impatient" with the withdrawals).

It somewhat depends on the exchange. I remember that back in 2017 there were Bitcoin card providers with inactivity fee.
On an exchange it should be written in the ToS or the fees schedule, but, since the ToS usually allows them change anything they want, you can easily end up later with the funds taken even if at start such thing was not possible/written.
Also an exchange can get hacked; or can have bugs; or a software or database change may cause their software "forget" about your money. The money will not be lost, it remains in exchange's wallets. But for you it's lost/taken.
As you should know: not your keys, not your coins. Money is not supposed to be held at exchanges. Especially if you plan to get inactive, withdraw your coins into your own wallet.

There were threads about institutional investors buying for months more than the miners produce, day after day. Did anything change? I doubt it.
And it's not that much quietly either, it was in the news. For example Grayscale is back on buying, and they do their job steadily.

Did retailers join in? Probably. Some do come only when the trend is favorable, no matter how high is the price.