i think wallet also affect this fees problem as i see i use xapo and fee is less than 1 dolalr , then i switched to coinomi i got like 2$ fees lol , i dont know what caused this but i think its a bit fair because millions transaction counting each day so blockchain need a bigger fees to cover transaction
Oh, trust me. It is still better than paying $7.50 for a single withdrawal in Bitstamp, or $3.75 for the same in YoBit. Unfortunately, it seems like the era of $0.05-0.10 fees is finally over. |
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I remember a few years back I think it was Stunna from primedice who was going to wager that a certain amount of BTC would be worth more than Berkshire Hathaway Class A shares. I think this is the year it actually would have passed that price
Wow! Really? The price of a single Berkshire Hathaway Class A share is $254,640. They have kept the prices artificially high (by preventing share split), in order to keep the equities away from the small-scale and medium-scale investors. Unlike Bitcoin, the Berkshire shares can't be purchased in fractions. The minimum purchase quantity is 1.000 shares. |
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Trading is always risky. And trading in highly volatile currencies such as Bitcoin and Ethereum is akin to gambling. I am glad that you quit trading, and you still have a lot of coins in your wallets. Please hold them, and cash out when BTC reaches $10,000 or $25,000 per coin.
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In localbitcoins, I have seen traders willing to purchase as little as BTC0.0005 (i.e around $1.25). But they will only deposit the fiat to mobile wallets such as PayTM, and not to your bank account.
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Here is my list of preferred exchanges, for the purchase of Bitcoins (in the decreasing order of preference, with #1 the most preferred):
1. BTC-e
2. Bittrex
3. Poloniex
4. Vircurex
5. Coinsbank
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Since your investment amount is significant, and since you are planning to hold your coins for long term, I would suggest you to purchase a hardware wallet (such as Trezor). They are available for around $100 per piece. I agree that it sounds a little bit expensive, but trust me, it will give you the peace of mind. A lot of robberies are happening with online wallet right now.
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I am using both ZebPay and Localbitcoins, since I am residing in India. I make the decision depending on which one of them gives the better deal. Localbitcoins is good, but recently some of the trusted vendors have started cheating the sellers. A few weeks back, I got in to a dispute with one of them. Wasted quite a lot of time and effort, but got back my coins in the end.
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Earlier everyone was afraid whether SegWit will be able to achieve the 80% consensus needed for its implementation. Now when it seems like 80% consensus is within attainable limits, a lot of users are casting doubt about the code. I don't care much. I love challenges, and SegWit is one of such challenges. Life would be boring without them.
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Right now, Bitcoin is not that big to create such an influence on the economy. But I hope that in the future that will become a reality. Even now, the Bitcoin usage has resulted in an increase in tax revenues and creation of new jobs, however small that might be.
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I am residing in India, and here all the three major private banks are somewhat tolerant about Bitcoin (ICICI, HDFC and Axis). They know that we are using these bank accounts to make deposits in the local exchanges such as Zebpay, but till now I haven't heard anyone getting his account frozen by them.
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All of us can never become rich. As long as the humanity exists in this planet, poverty will also exist side by side. To become rich, you need either one of these two things - you should either belong to a rich family, or you should have some unique skill which can make you wealthy.
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Can Russia or China done such a thing to erase the dominance of the dollar over the world? I don't think so. Because both these nations have stood against Bitcoin from the very beginning. The authorities in both these nations have harassed Bitcoin users and have forced Bitcoin-based ventures such as exchanges to close down. |
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For example, Bitcoin transfers costs 0.0015($3.9) on BTC-e but Litecoin transfers only 0.001 LTC, or around $0.05 at current price.
They should reduce the fee now, as the number of unconfirmed transactions have gone down, and the minimum fee needed for immediate confirmation has decreased significantly. Else these exchanges must give us the option of setting up our own withdrawal fee amount. |
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I am residing in a small town, and not many of the inhabitants here have heard about Bitcoins. I have tried to popularize Bitcoin as much as I can, but the people are not that tech savvy to understand the technology behind Bitcoin. Anyway, the greed is almost universal, and all of them show interest when I tell them that the exchange rates have increased by more than 1,000% in the past 12 months.  |
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76.4% right now. If we get to 80% mark, then it will be a huge achievement. But I am a bit worried, as it has remained stuck at 75%-77% for quite some time now. How hard is it to get an additional 3.5%?
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Bitcoin can be listed in the NASDAQ, although it is only possible in an indirect way in the form of an Exchange-Traded Fund (ETF). But as far as I know, the United States Securities and Exchange Commission has denied permission for all the Bitcoin ETFs till now.
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You are certainly not alone
I myself feel quite worried even though I mostly moved my funds to Litecoin and the US dollar by now. I'm afraid that if some vulnerability found and exploited to the full, it may also affect all cryptocurrencies, not just Bitcoin. And the most dreadful thing would be if major exchanges start failing and falling. This SegWit2x thing looks like a Trojan horse to me since exchanges won't be able to decline it unless they choose to delist Bitcoin completely (even if temporarily). Personally, I hope that it will be postponed for at least half a year (if not abandoned altogether)
Why Litecoin? If the Bitcoin exchange rates crash, then that is going to affect all the altcoins as well, including Litecoin. And another thing is that when the Bitcoin prices crash, the altcoin exchange rates crash even more (percentage-wise). For example, if Bitcoin prices crash by as much as 50%, then it is possible that the altcoin prices can crash by a massive 95%. |
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Being a Hindu, I must say that religion is extremely important for me. And being a victim of religious persecution, I can't imagine a life without my Hindu identity. Two decades ago, my family was driven away from the Indian state of Mizoram, for refusing to convert to Christianity. We lost our house and property, but we stayed loyal to our religion. Even after two decades, we can't go back to our village.
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If I have $500 in my hand, then I would invest at least 50% to 75% of that in Bitcoin. The remaining share, I will divide in to 3 equal parts and then invest in Ethereum, Litecoin, and NEM. You may wonder why I chose NEM over XRP. But IMO, NEM is having better chances than XRP for a price increase, as the number of users are increasing at a much faster pace when compared to XRP.
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Is it possible to earn 1000 or atleast 100 bitcoins with trading Altcoins.If I buy some bitcoin at cheaper rate today and it's price goes up in future?Which alt you think has potential to make me 1000 btc
It depends on your initial investment. If you have somewhere around BTC100 to start with, then it may be possible (at least theoretically) to earn BTC1,000. For example, during the last few months, Ethereum rose from BTC0.008 to BTC0.140, which is equivalent to an increase of 1,650%. But altcoin investment is extremely risky. You can easily lose all of your investment. |
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