Just a disclaimer that I am very new to all of this. So I was trying to send all my BTC from the Bread iOS app wallet to Electrum on my PC. So I scanned the code and sent it and everything but on the Bread app it is stuck at 40% complete and on Electrum it says "Estimated confirmation time: Unknown (Low Fee)". With a little caution type sign next to it...
So my question is did I just lose all of my Bitcoin!? Thanks in advance, any advice/information/tips would be greatly appreciated!
I think the fees are low and that is why you are getting that message. I suggest you to wait for sometime now - it can take painfully long time to confirm if the fees are low but they will at one time. If you have the transaction ID - check that on any block explorer and check the fees and the amount you sent. Double check the fees next time because paying an optimum fees is important if you dont want a slow transaction. |
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Nothing to fear or worry about the future of bitcoin. All that's happening with bitcoin is positive and till date haven't shown any signs of destruction. If it is towards the end, now the entire technology advancement should have come to an end without new usage implementation.
Well there are many people who are always ready to give bad names to bitcoin whenever they can and spread FUD news about it. I have been in the crypto market for sometime now and I believe that bitcoin has the capability to grow and be even bigger gradually. However this needs time and those traders who have that patience can see the effect - because of the forks the market dominance of bitcoin grows and the people are investing in it as well. If you feel you are not willing to invest then dont but in future bitcoin will be an emerging economy. |
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I have received my VIB tokens today. Be careful because the name is Vibe but the ticker is VIB. Here is my address - check the tokens tab under it https://etherscan.io/address/0x312b44d6f4518E9C98e3867595240354c258Bb55Thanks a lot the Viberate team which is doing a great job in the development of the project and to yahoo as well for managing this campaign smoothly. Lets hope VIB hits the moon within a year! |
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I bought it at 530 so im loosing money at.the moment my questoon is will it go up to this value again or higher ?
It may be tough for you to digest this fact but Bitcoin cash may not rise ever again. This is because people have all forked their own bitcoins into bitcoin cash and have claimed that. Obviously after getting a new airdropped altcoin like this what do you expect them to do with it? Sell it on exchanges. People were of the mindset that bitcoin cash is simply free lunch for them and sold away all they had just to make as much profit from it as they could, which is why the price has been falling. Im not saying that in future bitcoin cash price will not increase. It will happen but not anytime soon. So my advice is to not panic about it but hold it and set sell price above buying price and then leave it. |
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As most of the gamblers think gambling is the easy way to multiply their money in short amount of time. But inside they all know that trading is the safest way to make profit but sometimes it takes some time. But still they all are gambling and making/loosing money.
So what's your reason to quit gambling and start trading?
Just think about how much time and money you have wasted on gambling and what did you get in return? Mostly losses. Think if you invested the same in buying bitcoins and altcoins and then holding them or selling them and the profit they would generate. You can easily notice the difference between the two and will be able to understand why trading is better. However trading is tougher than gambling and need patience and a strong mind not influenced by FUD news and propaganda. |
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Which do you prefer, centralized or decentralized exchanges, why?
A decentralized exchange is better than a centralized exchange obviously. The fact that every other site in the world needs you to use some personal information to access it just makes it a farm for data collection which is obviously going to be sold to the darknet. Every centralized exchange is like that and you may not able to keep all your information secret if you use a centralized one. There have been some decentralized exchanges but they are still in process of development and gaining popularity. |
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Title is intentionally provoking, do not get mad if you have an honest project  I was offering programming service in the forums and so far I found no project owner who would know what he is doing and could finance the plans directly (with possible escrow, of course). Why can't I see blockchain projects that operate with professional, hired developers? Or do I something wrong? If yes, what? If you are a qualified programmer then you can offer your services - however a good portfolio is often an edge. Many people are offering services here but many are not qualified or have anything near a complete portfolio. A good example of a portfolio would be a link to all your credible works previously done. On another note this forum is plagued by shitcoins and other altcoin scammers. They dont need any qualified personnel to do their work. On the other hand there are legitimate projects happening as well. So you have to be on guard for fake ICOs that are asking for programmers. Again you can work on freelancing your skills on other sites that allow bitcoin payments. |
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I prefer investing in bitcoin because it promises, as we know bitcoin prices are increasing as time passes, but it is profitable or not it depends on our strategy in investment, investing in altcoin is also profitable if you have a good plan and strategy.
Bitcoin price is currently above 5.5k USD and I would not recommend buying more at this price. Rather if you are holding bitcoin continue to do so. The market has been red today and its a good time to buy altcoins like ethereum and litecoin and maybe dash if it dips again. Altcoins that pop up everyday are never recommended before you have done your own research. There are so many shitcoins making false promises and wasting people's money - good example is the current bandwagon of these e-prefix coins. They are all pump and dump schemes. |
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If I send a transaction of $900 will it get confirmed with 1 sat, and how long would it take if it did
There is a difference between a cheap transaction that gets confirmed in weeks and a standard fees transaction which may confirm within an hour. Its upto you to decide whether you want to send your bitcoins and wait for the transaction to confirm in a month or to confirm it within a day. Honestly I think the miners should get a proper reward for the blocks they mine and so if you want a painfully slow transaction then be my guest but I would prefer to pay an optimum fee. |
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Governments can prosecute those who are using bitcoin by using snooping software like they always do. In a word no one is safe from the snooping tactics as long as they are alive. But people are going to find out workarounds soon enough if that happens. Governments know that bitcoin is a threat to the banks and are not always ready to accept blockchain technology into their system. So people will become anarchic at one point and this is bad in one sense. If the cryptocurrencies take over the economy and the people are also controlled without causing anarchy then it can be a better situation.
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I've come across with some post about using virtual machine to store your private key and make it as a cold storage wallet for your crypto coins. My question is, it is safer to use VM instead of your original OS? is it advisable to store my bitcoins to a VM? increasing my immunity against the hackers of the private key and wallet? all of your answers are much appreciated and will help me a lot thanks.
You have to understand one thing that no security is full security and every precaution you take, eventually will fail. A VM running Arch Linux or CentOS is a good option to keep coins safely provided that VM is never connected to internet. However this is very unlikely that you will waste 30GB of your hard drive space for a wallet and to access it you will turn your VM on and off every 2-3hours if you are a heavy bitcoin user. A desktop wallet is good enough and should serve most (may not be all) of your needs and keeping an updated OS and antivirus should work. Also be careful of phishing mails and software you install for key-loggers and dont believe everything you see on the internet. |
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When BTC increases in value again, what is the easiest way to 'take profit' so to say. Not to sell everything, but maybe half of if, and save some profit for later buying at low prices. My question is not whether this is a good strategy or not! My question is:
What is the fastest/easiest way to change BTC into USD. Are there any exchanges that lets you turn BTC into USD on their platform? Or something like this?
There are many exchanges that allow bitcoin to USD conversion and withdraws. Coinbase and all are good options but I should warn you about Paypal - dont ever use paypal to exchange bitcoin and they can chargeback and you will get into trouble for that. Bittrex and other cryptocurrency exchanges allow exchanging to USD as well and you can easily use them. If you want to just make an account and deposit the bitcoin there and then sell it for USD. As far as making profits is concerned, I suggest everyone to sell small fractions of bitcoin slowly when the price is on the rise and buy again during the fall. |
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Well congratulations on your wins but let me tell you that what you saw is not always true. There may be such green streaks and they are totally dependent on your luck. It does not mean that someone else will also be able to replicate the same streak and make similar wins like you did. Provably fair is an algorithm that may not be able to reflect the numbers that are rolled.
This is a lucky streak no doubt but dont try to follow this and put in huge amounts thinking that you will multiply it in the same manner.
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Freelancing jobs need skills so if you have skills then you can earn and as you build a good reputation on freelancing sites gradually you will be able to get more jobs and then keep on earning steadily. There are some sites that allow bitcoin payments as well.
Now bitcoin is not another method of earning - it is a digital currency and it can be traded and used to pay for services. Above all the only type of bitcoin earnings that I prefer is to trade bitcoin and altcoin. Gambling is not worthy because it is based on luck and I am a very unlucky person. Investing is something good but still tough because it totally is dependent on many other factors for return and need a lot of research.
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I bought my btc - DGB for a price of 0.00000693 last August and I'm trying to sell it for 0.00000800 for I hope that the btc will rise this September but I guess I was wrong - It's kinda frustrating to be honest.
To all my fellow traders out there, Does the price of the bitcoin is bothering you - what are plans ? will you sell or wait?
It's trading that you're doing ffs. You need to have some patience if you expect a good ROI. It's only been like one month and a few days since you bought your DGB and you want to get good profit from it, you have got to chil and wait for the prices to increase, altcoins prices are likely to increase only after the hardforks get over. Well dgb is a concern for all of us who've invested on it. I'm also currently at a loss with dgb though i'm not losing trust that it will eventually recover it's pace and at least get to my starting price to break even. It doesn't matter if it takes that long For those who have a dilemma over an altcoin whether to keep investing in it, my suggestion is that when you see movement in the rise then sell it and forget about it. It not worth it to ponder over an altcoin that you know that may not rise much in future. There are so many such examples of altcoins out there which had a hype during ICO and are now trading at very low prices or have been delisted already from exchanges. If you have money invested there then its better to move on and accept that the money is lost or hold it for selling in future. |
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I'm learning something new! Interesting.
So hypothetically if I have for example, 5 bitcoin in a personal wallet such as blockchain.info or some other private wallet, will the new BTC altcoin appear in this wallet as well?
Yes they will but they will not be visible immediately. If you own x amount of bitcoin in a wallet over which you have control of private keys then after the dork has been resolved you will have equal amount of the forked altcoin in that wallet. But to claim that amount you have do something yourself. Like for bitcoin cash claiming Electrum released the Electron Cash wallet and there is a method to claim BCH using that. Several other exchanges and casino bankroll investment sites like crypto-games asked users to put in BCH wallet address to claim their BCH if they had invested any BTC in their bankroll. |
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Hello all,
I am owning some bitcoins and other alt coins since a while and I have been reading a lot over here in stealth modus, really helpful.
Now there is a fork coming up and I am confused;
As far as I can see a fork is like a share split of a company. Like Pfizer dId with zoetis in the US. The owners of shares in Pfizer also get shares in zoetis for free, right?
Now let's say I have my bitcoin stored at coinbase. Do I automatically get the fork shares? Does coinbase support it? Or do I have to put them in a different wallet?
Do I have to claim them?
That is unclear to me. Maybe somebody can help me and probably some others out on this subject?
Basically when you are having some amount of bitcoin in a wallet and you are the one owning the private keys to that then you can claim your forked altcoin after the forking happens. That was how the previous fork of BCH occured and also how this one is going to work. If you want to claim bitcoin gold out all the wallets that you have, then during the time of forking make sure that they coins are in a wallet that you have control over and not an exchange. I dont know about coinbase but I do not trust web wallets and so I prefer the Electrum desktop wallet. |
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Honestly people dont believe in bitcoin and its profitable potential. Fact that one can by fractions of one bitcoin is not known to many. You can try to show it yourself to them so that they believe it. However if they did their own research they would know that one bitcoin is divisible upto 8 decimal places and hence it is possible to buy and sell fractions of bitcoin.
The main problem of mass adoption is the scare tactics shown by many propaganda news and the way they make it look bad. Everyone is cautious about their money obviously.
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i just found out that you can create your own tokens on waves for 1 waves. i was wondering what your guys experience is with this, is it worth it?
can i just do, lets say a huge airdrop and wait for people to start trading my token?
Well the Waves platform does work like that and I believe that many scam coins are being launched in the Waves platform as well due to this. Well Ethereum platform is no exception to scam tokens as well but the waves D-EX is a bit too shady according to me. Just launching a token is not enough. There needs to be a goal and a reason behind creating the token and why people would like to invest in the token. True that startups willing to do projects are taking up Waves as the platform but shitcoins are more common there and we even got faucets that distribute these shittokens. |
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