I'd like to make a list of exchanges which do not charge to a fee to withdraw Bitcoin. My preferred exchange (Bitstamp) now charges .0005 BTC for withdraws and although its not a lot, its far more than the transaction cost alone and I simply do not like the business model it supports as it encourages people to keep Bitcoin on the exchange instead of holding it in one's own wallet.
Please share the exchanges that currently do not charge withdraw fees and we can update as things change.
There is a basic fee applied to all transactions, whether or not you are using an exchange. It's usually about 30 satoshis per byte being sent, but it's too awkward to have dynamic fees on exchanges, so they fix the fee. Back in Dec 2017 when the mempool was full and fees soared to several hundred dollars, the exchanges all raised their withdrawal fees because it became too expensive for them to absorb. I don't think you will ever see a good zero withdrawal fee exchange again. |
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If Quantum Computers did exist (at great expense) - why would they waste that computing power on bitcoin which won't give them enough returns, compared to other uses they could put Quantum Computing to?
I don't understant why people are so convinced that QCs would be deployed in the cryptocurrency space which is only worth a few billion, compared to say stock markets or the trillion dollar forex markets where you could make so much more money?
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In my opinion, this chart could be done a little better, but basically it tells us that more than two million Bitcoins (left axis), or more than 10% of all available bitcoins, are held at exchanges.
Not only did this figure increase exponentially with the pump of December 2017, but then it continued to increase, increasing again in May of this year. That means that people has been consistently putting and keeping their coins in the exchanges; not only during the pumps, when many inexperienced traders first joined crypto markets, but also during each subsequent market phase.
Isn't that down to the Coinbase factor? Lots of the new money flowing into bitcoin in late 2017 and early 2018 was retail investors who bought on Coinbase and left their coins there, using it as a wallet. The old school idea of having your own wallet on your PC is a pre-2017 fashion. The blockchain is so big, people don't want to spend several weeks downloading it, and are using online wallets and exchanges to store their coins. |
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I think we're in good steading until interest rates start to go up again...
I think a lot of companies are holding cash and probably giving no, low or negative interest rates to others, the eurozone and Japan have negative interest rates which is causing a bit of an anomale too (if you have a good enough credit score, as a company, you can probably get free money if you're loyal enough to one bank (or own it)...
Reported earnings have actually been disappointing. You can only have disappointing earnings for so long before your share price starts to tank. So either these companies need to get a lot more efficient and profitable, or they need to shed their debts and lower their interest payments. Or they're in trouble. |
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https://www.coindesk.com/10m-bitcoins-havent-moved-in-more-than-a-year-highest-since-2017About 10.7 million bitcoins haven’t moved in more than 12 months, according to Digital Assets Data, a fintech company building crypto data feeds.
Considering the total number of bitcoins in circulation is 18.14 million, this also means nearly 60 percent of the coins remained dormant and only 40 percent participated in the price action seen in 2019. The percentage of bitcoins lying dormant for over a year is at its highest level since early 2017.
“The sheer size of unmoved bitcoin is definitely a sign of the developing community of HODLers,” Kadan Stadelmann, chief technology officer at Komodo Platform, told CoinDesk.
The top cryptocurrency witnessed substantial swings last year, rising from $3,693 to $13,879 in the first six months only to fall back to $7,179 by mid-December. Thus, bitcoin just about doubled last year despite the brutal sell-off in the second half.
Even so, a large number of bitcoins remained inactive, possibly because investors are expecting a significant price rise following the mining reward halving, due in May. The process, repeated every four years, reduces block rewards by half in order to keep inflation under check.
However, if the market doesn’t live up to lofty expectations, some selling could be seen, Stadelmann said. In that case, the sum of bitcoins lying dormant would drop. I think the rise from around $3,300 to $7,500 in 2019 was definitely people accumulating in anticipation of the halving. Watch for rapid sales though as bitcoin reaches it's price targets.
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The Poloniex exchange again invites new users for the trading by using only the registration via email address. that is means that in order to trade on the exchange you will no longer need to go through complex verification. I learned this from the letter they sent me in the mail. I think that we should not trust this exchange and protect new users from the possible loss of their money on this exchange. What do you think about such invitations? should we avoid such tricks from exchanges?  Is that so? I am a long standing customer of poloniex and I don't think I have received any such email till date! I have been receiving a lot of emails from them lately for completing my KYC verification which I didn't respond to! So this is a big surprise to me! I still have few Ripples and Dogecoins left in that exchange. Can you please share a screenshot of the email here? I'm pretty sure you need verification to withdraw from them. This whole thing is just to lure people to deposit with them, and then they're stuck. There are loads of better exchanges out there, steer clear of Poloniex. |
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The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
There won't be a war. But even if there was a war, it would have less of an impact on the global economy than the Iraq war did. The difference between the early 2000's when the Iraq war took place, and now, is that the Americans are now self-sufficient in oil thanks to fracking. That means that it's unlikely the oil price will ever go back to $150 a barrel again. Especially as environmentalists are trying to decrease demand at the same time. |
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The unprecedented Iranian strikes against U.S. military bases in Iraq saw Bitcoin rise as a hedge against the chaos. However, its price movements have cooled as President Trump today announced de-escalation.
Yesterday, Iran launched 15 ballistic missiles at two airbases in Iraq, which caused widespread panic. No casualties were reported. The markets responded accordingly, and Bitcoin saw a significant increase in the aftermath of the attack, as did crude oil.Click here to read the full newsSo this is where Bitcoin dropped from $8,330 to just above $8,000+ in just moments after de-escalation. I think this is definite proof that bitcoin is now behaving like digital gold. The spike from $7000 to $8,300 when the crisis first emerged. Then the drop back when people realised that Trump would put further sanctions on the Iranians but not escalate further. That means the way to trade bitcoin requires keeping an eye on hotspots around the world that might spike the price. |
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I'm a little surprised why there are still many people who believe the words of John McAfee, if we follow all the predictions that
have been made almost all failed. So if now he wants to predict the price of bitcoin could reach $ 1 million by the end of this year,
that's for sure nothing will happen. Indeed it is not wrong John McAfee was nicknamed clown by some cryptocurrency communities,
because that came out of his mouth just a joke.
People just badly wanted to believe the $1 million price thing. Couple that with the fact that back in the 90's before his brain got fried, he was good at tech and launched a successful antivirus checker, people talked themselves into believing he had some sort of insight into bitcoin. |
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What if other gulf countries follows quatar? Might be a huge blow for crypto market because more people from that region holding cryptos for years but they are not going to trade everyday o they are not in a hurry. They might. There is a huge interest in bitcoin in the ME as a way to have portable money. Events in Syria, and now Iraq and Iran means there may be a war at any time. Qatar itself was blockaded by Saudi. So people have been buying bitcoin because you can then leave with your wallet on a USB stick if you need to. I expect they're worried about capital flight which is why this ban has come into effect. |
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Basically all I have is years of experience getting rich as %#$@ then watching "binance" get invented only to see bitcoin turn into garbage that gets raped by robots everyday, go one mile per hour and then get terrorized once it starts going down by a retard who thinks whoever makes the "biggest" candle wins the market.
Pretty sure it could be the CEO of binance doing this, I wish I knew. It seems to be happening on binance though.
It started on bitfinex and if it's related to me it's because I did -very- well sharing my facts and experience on reddit when things were more legitimate around the time Iota was released in July 2017.
Ever since then it has gotten out of hand. For the safety of the community for the most part (I'll still make small trades though...I'm sure) I need to change markets until this gets solved or until someone goes to jail.
Oh boy. If you have years of experience getting rich, but are so foolish to believe that a single man (CEO of binance) has hurt your trading, then you don't really have that much experience of trading at all... |
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I voted Yes, it's a store of value.
The bitcoin price jumped at the same time the price of gold jumped.
Suppose you are a fairly wealthy person in the Middle East and are worried you might be caught up in a war between Iran and Saudi (like Syria has, using proxies). And that you might have to leave. Do you leave your money in a local currency? Do you buy gold? Or do you buy bitcoin which you can take with you, with your wallet on a USB stick as you cross borders? Some people are trying all options, just in case.
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What are your top 10 stocks? I saw five good ones in this video: https://www.youtube.com/watch?v=5b_09iD229U&t=0sGuy seems to make sense. I would add Tesla (I don't think it's going below $300 again), Sony (PS5 launch will be big), Apple and Walmart. Thoughts??? Tech stocks are pretty close to their all time highs. I wouldn't touch Apple and co with a bargestick. You are better off looking at defensive stocks that survive in downturns. Walmart is OK for this. Grocery stores, utilities and oil companies do well in downturns (because people continue buying their products). |
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I was reading online and found a few blogs that talk about the factors to consider while evaluating a new cryptocurrency or project. Factors that include research on Crypto coin based on a number of things such as the purpose, use of blockchain, coin economics, usage, team, etc.
The biggest factor that contributes to a coin's success is this: how many exchanges are they listed on? The more exchanges it is listed on, the safer the coin, and the more liquid, plus the more access to investors. I've seen coins just die when Mintpal and Cryptsy went bust, because those were the only exchanges they were listed on. So for your list of coins you are thinking of buying, so through coinmarketcap and work out how many exchanges they are listed on. The coin with the most listings is then your top buy. |
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This is a big if but if a government one day decided to try to make crypto use wide spread among masses, what do you think they would do to achieve their goal?
After Brexit I fully expect the British government to legislate some crypto friendly rules. They want to make the City of London the focal point for fintech and for cryptocurrency, so that London remains the global hub for money regardless of whether that money is fiat or cryptocurrency. |
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for bitcoin halving to be priced in the market price would need to be at double of mining cost.
obviously
this is because if hashrate continues at same level then with half as many coins awarded the value of the coins would need to double to cover the mining cost.
The key word there is "if". Suppose there is no surge in price in the lead up to the halving. The miners then need to look hard at their businesses and try to cut costs to stay in the game. The biggest cost is electricity, I expect some of them are already trying to scope out places with cheaper electricity. Others may be just hoping that the price rises and rescues them. More likely some miners will go bust after halving. Litecoin hashrate dropped by 32% after their halving last August: https://blockgeeks.com/litecoin-hashrate-falls-by-32-86-after-block-halving/It's not beyond the realms of possibility that the same thing happens for bitcoin. |
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Hello. This is a very signifianct development that I think the whole entire community can benefit from hearing/reading. I have recently discovered fidelity.com is now offering $0 commision on all trades on starter accounts it seems like. I've tested it already and it's true, I lost only 2 cents for making three trades. See the article here: https://www.marketwatch.com/story/fidelity-cuts-fees-to-0-as-it-jumps-on-zero-commission-bandwagon-2019-10-10If all goes well this could be a great alternative rather than dealing with harssment in bitcoin from fake buys and some traders trying to get attention from what could be counterfeit money. This isn't an ad, I'm sharing because this is pretty groundbreaking. Only bitmex has free commission from what I've heard and if you haven't been keeping up this is pretty cutting edge. See you in wallstreet if you join me. So what are the requirements to join Fidelity? Do you need to do a KYC, and do you need to make a minimum deposit first before you can trade? I'm always suspicious of these zero commission deals. Either they're a loss leader simply to attract people to sign up and the fees go up later. Or they're making money through withdrawal fees or custody fees. |
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The UK government is exploring it's use for recording the land registry. Here is Her Majesty's Land Registry on the subject: https://hmlandregistry.blog.gov.uk/2019/05/24/could-blockchain-be-the-future-of-the-property-market/If you’ve ever bought or sold a property you will know that it can take a long time. There are a number of reasons for this. Some delays are avoidable and some are inevitable. With so many people involved in the process, it is often difficult for the buyer and seller to know what is happening at each stage.
Our ambition at HM Land Registry is to become the world’s leading land registry for speed, simplicity and an open approach to data. Our Digital Street research project enables us to explore how we can use technology to make processes such as buying and selling property simpler, faster and cheaper.
This year in Digital Street we set out to build a prototype that would enable a digital transfer of a property that automatically updates the Land Register. We were keen to test the use of blockchain technology in a digital transfer and therefore developed the prototype using the Corda platform.
To demonstrate the benefits of a fully distributed network, we worked with leading conveyancing firms Mishcon de Reya and MyHomeMove, payment intermediary Shieldpay, digital identity provider Yoti and HM Revenue & Customs to build an end-to-end proof of concept. We also created a simple mobile interface for the buyer and seller so they could complete their actions on their mobile phones, such as verifying their identity and signing their agreements. All we needed then was a real life property transaction to test the prototype.
On 6 March 2019 the sale of a recently refurbished, semi-detached house in Gillingham had completed. It had taken 22 weeks, much longer than the six weeks the buyer and seller had expected. In early April we sat down with all the parties involved to see how much time it would take to run the sale and purchase through our blockchain prototype.
We used a video chat to bring everyone together. The buyer, Peter, was at work in Medway and his conveyancer was in Manchester. The seller, Stefan, was in his partner’s home in Gravesend and his conveyancer was in central London. The Digital Street team were in Plymouth, with representatives from Yoti in London and Shieldpay calling in from Malaga, Spain. Once each action had completed (such as drafting the sales agreement) the application automatically informed the next party it was their turn to act. The demonstration of the technology ran through, end to end, in less than 10 minutes.
By using blockchain technology, each party was able to see a current view of the transaction, any historical actions that had been taken, and actions that still need to take place before the transaction was complete.
By holding definitive and permanent records of a property transaction in the open, with each stage of the transfer recorded for all parties to see, there is no confusion on who needs to act next.
By using smart contracts, we enable automation across the transaction including the transfer of funds and updating the Land Register (we used a copy of the Land Register for the test).
Overall this test was a success and we believe that blockchain technology could enable:
speedier property transactions
more trust in the transaction
higher levels of security
increased transparency for participants in the transaction
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My second point is pointing towards Proof of Stake coins, we all love earning with no big hassle like POW coins but at the same time have you ever think that apart from the POS ability what is the use case of the token or coin itself? Many keep making this mistake that once a coin has staking ability it's the best, this is why many POS coins loses value while you are holding them to get your reward annually.
I believe that POS ability is just a +, assuming the use case of a coin is for means of payments either with many merchants or so and the coin still has staking ability makes more sense than a coin with just staking ability alone, please be wise with the ways you define your real use cases
It's just a variation of the discussions people used to have back back in 2013. Back then the big thing was to issue an "ASIC-proof" coin that you could mine with your laptop. Just being ASIC-proof was supposed to make the coin so special it had value. It was designed to appeal the the niche bitcoiners who were into mining - and these new coins are designed to appeal to the niche bitcoiners who are into staking. Neither group is interested in the wider public or in building a genuine eco-system around their coin. |
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Nobody gives a toss about Elon Musk.
Bitcoin's price is rising because of geopolitics. We're witnessing it's transition into digital gold. The price of gold is at a seven year high, thanks to events in the Middle East, and bitcoin is rising towards $8000 for the same reason.
Musk is completely irrelevent to all this.
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