Wirex is down app is unable to connect and the site seems to be down also.
Their twitter is most reliable in this kind of problems. They had "technical issues", now they're up an running, still, because of DNS propagation it may still not work for everybody. As usual, everything tells that the things are ran there by amateurs, but that's not new.
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I've just visited Coinkite store (OpenDime, ColdCard, ...) and they have "15% off most products" until 27 November. I don't know if they accept Bitcoin, most probably they do, however they do sell Bitcoin related stuff, so I guess that they're fine on this list.
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I like what ColdCard is advertised for, but if you don't keep so many coins, the price tag may be important. I had the same logic myself and bought a Ledger (nano s). No problems until now, but I use it with Electrum. I also agree with @dkbit98 that Ledger Live is crap. About the support I can't really tell.
However, I suggest you focus on Ledger or Trezor, exactly because of what they do vs their cost. And you've picked a great period for buying, the price should be reduced for most products until maybe even January, just watch their websites and social media.
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the last rise in fees was not caused by the jump in price but by the drop in hashrate.
Indeed, that was one component I've forgot. And yes, the fact the hashrate is "back to normal" means that the blocks come a bit faster hence the mempool is emptied faster. Still, you can't deny that every time the price has a big fluctuation the number of new transactions come like there's no tomorrow. The optimistic ones try to take advantage themselves and send coins to sell. The foolish one (sorry, reality) even keep money on exchanges for this (that's an unsafe approach). Maybe I focus too much on bots and the number of humans sending transactions themselves is much higher than I'd think. I also didn't know about BitMEX, thank you @ranochigo. I hoped that there can be other solutions too, not only LN (which would be great.. and would be even better if it would be out of beta...). From the link about BitMEX I've read that the not so far in future Schnoor + Taproot update would help on that. It is another solution, let's see how it'll go. At least I'm a bit more optimistic now.
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Although, Tails removed Electrum from its software package in subsequent releases starting last year.
I'm not sure where you have this information from, but I assure you it's incorrect. First I checked here and I still found Electrum: https://tails.boum.org/doc/about/features/index.en.htmlBut since I thought it may be outdated info I've downloaded latest Tails (4.13) and fired it up into a VM. It has Electrum 4.0.2 on it.
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Best_Change could you please explain why have you posted a Russian source in Russian? On the press board it's better to stick to English-only news outlets. Next time you will be posting some news, please remember this. Thanks Although it's not the best option privacy-wise, it's still an option (for both). https://translate.google.com/translate?sl=auto&tl=en&u=https://www.rbc.ru/crypto/news/5fb4d1239a7947ee5f663478?from%3DnewsfeedIt doesn't appear that is what happened, it appears that someone wanted to buy 29 BTC pair "at market". The market dried up at 16000, then 18000, then 20k, 30k, 40k, 50k, 60k, 70k until it was finally fully filled at 82000.
Hm. I don't know why would somebody do that... unless maybe it's somebody with too much money and not enough knowledge on how to use an exchange. Oh well, sorry for the confusion.
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Make them shift to lightning I guess? What else can you realistically do?
This would be awesome, but since LN is considered "beta" or "experimental" I don't expect the exchanges hurry into this. Of course, another idea would be to somehow reduce/throttle the trading bots, but that could mean less earning/fees for them, so again "no hurry". That's why I am asking, maybe more brains can come with more solutions / ideas. Mempool tends to get less full on weekends though
Indeed, but I expect lower fees Saturday and Sunday, not Friday morning (working day). and there's always this company that pushes a bunch of non-segwit transactions periodically
I've missed this part. Which company?
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Remember those who said that Bitcoin price cannot get big unless the fees are unbearable? Remember the "Bitcoin has failed" narrative when the fees were big? Well, today the mempool has cleared again. Now I guess it would be the time for a proper discussion of what causes the mempool get so full at times. And I blame nothing else than the arbitrage bots. I think that the mempool gets full when the price fluctuations are big. Any idea on what could be done to prevent arbitrage bots have such a big effect?
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9 - NeuroticFish
Thank you!
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But for some reason, many people hide this from the public.
There are a lot of possible reasons for that, depending on the country they're from, for example: * they want to buy more and don't want to create hype that'll make them pay more for it * the invested money may not be 100% pristine * they don't want IRS ask too many questions based on badly/incompletely written laws (they may declare as "other investments") * they don't want to become targets for ransom/thieves (the 5$ wrench story)
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Since one doesn't save much compared to a "stock" hardware wallet and since you say it's riskier than a stock HW, it's clearly an idea mostly for enthusiasts. But I like it. I've just started playing with this kind of tiny machines (just bought my first Pi) and I see it comes with a full package of enjoyment and frustration, but others more advanced may like it.
One interesting/appealing fact is that since you are the only one handling it from scratch you are sure it was not tampered/nobody has installed other software onto it (of course, you have to check the git carefully). It can be the solution for those who cannot receive a proper HW from the official shop or approved resellers (or just doesn't trust them).
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Let me know how i could convince you that I’m reliable
A non-collateral loan to a newbie is called donation. (And begging is also prohibited). All you can receive when asking for non-collateral loan like this is a negative trust feedback. I know it may sound harsh, but this is the reality.
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With a card (from the list), cryptocurrency will be converted automatically when buying something.? (btc>coffe) I know at this moment only one 2Gether.
Not all of them can "do" that. Current Wirex doesn't, but afaik the "new one" they already advertise will do that too. AdvCash doesn't do that. Binance, on the other hand does that nicely. So not all have such a feature, you have to read and ask around when you acquire a crypto card. I guess that at some point in future all (or almost all) will do this, though.
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I guess that if somebody types 82000 instead of 18000 kinda deserves his fate. I mean, when one works with money, he should double check. Well, after such a costly trade, I am sure that next time he will... if there will be a next time.
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I start to believe it'll remain primarily an investment vehicle. LN should have made it a coin for everyday payments, but I think that its version "for everybody" will be available too late. And by too late I mean that since the institutional investors are also in, by the time it should be use for everyday payments it'll have quite a "lack of liquidity" (even knowing that it has 8 digits after the decimal point, this could be an issue, for example when banks will buy it to replace gold)
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With the current market state, if you want to invest in bitcoin. I'd... wait for a day or two before investing £500. I'm saying this because Bitcoin is now at $18,198, and that is it's new monthly ATH. It's likely there will be a small dip back to the $17K range so I suggest buying that one if you are lucky to make it there.
Another approach could be to buy multiple smaller amounts in different (sparse) days, so you're kinda covered whether it'll go down or move further up ("dollar-cost averaging"). Just you'll have to be careful the fees don't get too high if you go in this direction (eg. you better deposit larger amounts to exchanges and then from those amounts you buy multiple times; of course this doesn't work if you buy with card).
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* The governments (US and others too) are printing money, causing inflation. * The companies started to trust Bitcoin and invest huge funds into it. * There was a block reward halving, hence miners earn less coins, hence they have less coins to sell. I've also made not long ago a topic about some interesting numbers: https://bitcointalk.org/index.php?topic=5290241
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Just came here to say the same. How am I meant to find out the price of bitcoin now? I guess that you are joking, but if you aren't, here's one of the many alternatives: https://mycryptobuddy.com/CurrencyConverterHowever, I hope it's only temporarily down (yes it's also down for me too). It was an amazingly simple and useful page.
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that is mainly my dislike of JavaScript as a programming language and usage of browsers when you deal with RNGs to generate the entropy for your seed phrase.
I can understand that. I wish to see this implemented in a proper application with signature to be checked to avoid surprises. I wish that at some point Electrum would offer the choice between their mnemonic and BIP39 one. But for now we have to live with what we have. Electrum is a great piece of software, but one has to be aware of its minuses too and adjust if necessary.
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