I don't know that bitcoin is dependent of fiat. I do think that there is a use for bitcoin and a use for fiat and they can both exist at the same time. They can serve separate purposes.
You didn't know? Lol, where have you been the last few years? Merchants convert all their Bitcoin sales directly to fiat. Mining farms need to convert their minted coins into fiat in order to pay bills. Exchanges need fiat to use it as BTC/USD trading pair. Fiat money is the key at this point, and it will stay like this for many many years. |
|
|
|
It seems a very, very faraway dream, especially when there are so much debates about the future of bitcoin and in the meantime we are seeing other interesting cryptocurrencies emerging out there. Competition is always useful, and I hope bitcoin can overcome it with enough strength to reach such level of price.
I agree that certain crypto currencies do have some nice features, but they are not something that can/may compete with Bitcoin at any time. Beside that, most of the altcoins end up losing 90-95% of their value after a few years. |
|
|
|
After yesterday it is clear we will not see a price less then 400 anymore. Which makes me wonder where we are headed.
Same period of 400 or can we expect a pump to 450 or even 500? I hope the latter since they tried it 2 times and failed both times.
I have been hearing this all the time, and you know what? I laugh at people that are saying this. Bitcoin has proven time on time again that anything can happen. Even sub $300 is not safe.  |
|
|
|
|
I have the feeling that a lot of these newbie and other lower level accounts are used by people who don't know anything about Bitcoin. They probably searched on the internet for ways to earn money and they ended up here on this forum.
I see a lot posts with "The Bitcoin price will go up because people think it will go up. That's why the price will go up and for the future profit." or something like that.... And the posters after that reply with nearly the same rubbish.
|
|
|
|
What the hell! It has gone down to $397! At this rate I fear it will reach $300 pretty soon. And time to recover this sloppy slope is huge! It's nothing, really. Not sure why you get soo negative just because the price is dropping a few bucks. It's just normal market action. |
|
|
|
|
I only have coins on an exchanges when I am going to trade. If I'm done with trading for the day then I withdraw all my coins to my PC wallet. And when I will do some trading again I simply deposit my coins in my exchange account. I never leave them there if I'm not trading.
|
|
|
|
-snip-
Alright, lets see what we have. This -> https://www.blocktrail.com/BTC/address/12oWtmuwHipw9rC9BYUuMGWMWB3RxMsxUN/transactions/in/0tells me that you have one unspend input here -> https://www.blocktrail.com/BTC/tx/040a4aadd58794ab0360af01cd30112898371f46a6a8a96e4122102d21038d83worth 0.035 BTC. So we have the TX ID and vout 0 (because its the 1st output of the TX and those writing code tend to start counting at 0) Receiving address is 1TtxVxWQwXCcdrbzXFQZGnrBP8oSVjYwP and a 0.0002 fee leaves us with 0.0348. Putting that all together gives us[1]: createrawtransaction
"[
{\"txid\":\"040a4aadd58794ab0360af01cd30112898371f46a6a8a96e4122102d21038d83\",\"vout\":0}
]"
"{\"1TtxVxWQwXCcdrbzXFQZGnrBP8oSVjYwP\":0.0348}"
core responds with: 0100000001838d03212d1022416ea9a8a6461f3798281130cd01af6003ab9487d5ad4a0a040000000000ffffffff01c0193500000000001976a91405162fb9ce600faed971c98ebb1993682cd4e8a688ac00000000
which is your unsigned raw transaction. You can verify it with: decoderawtransaction 0100000001838d03212d1022416ea9a8a6461f3798281130cd01af6003ab9487d5ad4a0a040000000000ffffffff01c0193500000000001976a91405162fb9ce600faed971c98ebb1993682cd4e8a688ac00000000
in order to sign it you need to unlock your wallet. Lets assume your password is 'passw0rd' and you want to unlock your wallet for 60 seconds. walletpassphrase passw0rd 60
sign it with: signrawtransaction 0100000001838d03212d1022416ea9a8a6461f3798281130cd01af6003ab9487d5ad4a0a040000000000ffffffff01c0193500000000001976a91405162fb9ce600faed971c98ebb1993682cd4e8a688ac00000000
and broadcast it to the network with: sendrawtransaction the_hexcode_that_was_returned_after_you_signed_it
[1] If you do this with your own wallet you can just use: listunspent 1 9999999 "[\"1address\"]"
it directly shows the TX IDs and vout to use. Thanks man, I managed to send the entire balance with a custom fee. I will keep this form so I can use it from now on. What if there are several unspent inputs that I want to send at once to a single address. What form do I need to use then? Give me your address and I'll send you a small tip as you helped me very well. |
|
|
|
Could it be to avoid a dust change output?
How large are the input(s) you use and how many you want to send?
The transactions are ranging from 0.01-0.02BTC per transaction. I try to send them manually 1 by 1 and not as bundled transaction. 0.01BTC is not really what I consider to be dust. I had the following in mind: You have 2 inputs of 0.01001000 each and want to send 0.02. (no fee for simplicitiy) Core would use both inputs and have 2000 satoshi change which is below the dust limit. AFAIK if change is below the dust limit it is added to the fee. I have tried to include a fee of 0.01BTC and it forces me to pay around 0.0001XXBTC in fees. Can this be something for the protection that people won't include a ridiculous amount as fee by mistake? Core has such protection, yes. Im not entirely sure where the limits are though. I had a thread about that a while back. IIRC the limit is also in btc/sat per bytes. I think I only ever hit it on testnet when I tried to pay high fees. On mainnet I usually go with the (higher end) suggested fee. Perhaps that this security is enabled currently. I have been searching through the client to find a command where I can get rid of these forced fees, but without much success. It's quite ridiculous to be honest. I understand that they want to protect the network and force you to pay a minimum amount of fee, but even if I include a fee of 0.1BTC which I tried yesterday, it still forces me to pay a fee of 0.02XXBTC. I really don't understand why I can't set a manual fee. With the previous version I could add any manual fee that I wanted without problems. It never forced me to pay anything other than what I manually told the client to pay. It's quite annoying and I kinda regret upgrading to the latest version now. If you tell me the TX IDs you use as input, the amount in btc you want to send, the receiving addresses (including a change address if needed) and the fee you want to pay I can make you a raw TX you can decode (to confirm that it does what you want) and sign via the console. At this point the transactions have been sent already with the forced fees. Right now I want to send the entire balance (0.035BTC) of 12oWtmuwHipw9rC9BYUuMGWMWB3RxMsxUN to 1TtxVxWQwXCcdrbzXFQZGnrBP8oSVjYwP And again same problem when I add a manual fee. When I tick the box send without fee, it will send it witout a fee. But when I want to include 0.0001 as fee it comes up with 0.00001XXXBTC. I want the raw transaction to include a fee of 0.0002BTC that will be deducted from the total 0.035BTC. Thanks for your help man. Really appreciate it. |
|
|
|
|
# Registrar : NameCheap
# Expiry : February 23, 2017
# Start bid : 0.01BTC
# Minimum bid increments : 0.001BTC
# Buy now : 0.05BTC
# Auction duration : 24 hours after first bid
# WhoisGuard included.
# Escrow possible.
Only Bitcoin as payment is accepted.
I will always ask you to send the funds to : 12oWtmuwHipw9rC9BYUuMGWMWB3RxMsxUN
Only post in this thread if you are bidding.
By placing a bid you agree with :
# Winner of the auction pays first if you don't want to use escrow.
# Transaction must be completed in less than 24 hours.
# Private bidding is not accepted.
|
|
|
|
This 2016 is not boring year for me for bitcoins.. and i think this is a happiest for me for bitcoin because the value of bitcoin is very high to me.. I bought my bitcoin when the price is 370 so that i made some profit but i will wait for halving ends so that if the price goes double i can make more profit with my bitcoin..
I shall also wait for the halving before making decision to sell or not. I might keep most of them for the long term. The times around the block halving will be the most interesting times for traders due to the volatility. If you trade well you can increase your coin count during the heavy ups and downs. One thing is sure, never sell all your coins. People who have done this regret it time on time again. |
|
|
|
why is bitcoin going down is there a problem or something and did you guys know IBM will use blockhain without btc?? hows that
why is it that when bitcoin goes up >$50 nobody cheers up and says why is bitcoin going up but whenever there is a small $20 decrease this forum gets filled up by questions like OP p.s. move it to speculation already. Because people focus too much on the negativity in their life. It's a general weakness of a lot people. If 10 things go well in their life, they are ok with that. If 1 thing goes wrong, then they will make a huge drama about it. Bitcoin is not that going down that much. Dont be negative and hope for the best that is the best option. The value is not that low now. You can see now that the value now is rising very slowly and that is very good. Did you even bother to read my post thoroughly before posting? It was an example how of things work in real life and had nothing to do with me saying the price is going down. |
|
|
|
Everyone's gotta admit we're in some seriously interesting times!
Current times are more than interesting, and I really believe that the closer we come to the block halving the more interesting/volatile the market will become. I see profit everywhere. |
|
|
|
Over 400 and it stable for now what is next orice range over 450 or 500 in this month
I am interested in finding out whether the $400 level will hold or not. I think it will dive under $400 again today or tomorrow. Support is very weak. 1 decent dump and we are below $400 on all exchanges. |
|
|
|
how it can be boring year, if we will have halving this year, price will be very unstable so it will be intresting to buy/sell, i hope price will instantly rise to 700$ or even more so i can sell them
The last few weeks before the block halving will be a great time for day traders and others who are looking for heavy volatility. If you are smart and use your brains you will make yourself a great profit. If you don't know how to trade then stay far away from trading during that time. Otherwise it will be a very expensive lesson for you. |
|
|
|
The price of Bitcoin is a little bit stable now. But you can see also now that the price is slowly rising and that is very good.
I hope later that more people will use Bitcoin and that they can also have some profit in the future.
I like the price to rise slowly due to its usefulness in transaction and storage of value. I do not like the big pump. I honestly love pumps as it allows me to make a good amount of profit in a relatively short time. But if I have to choose one option for the future of Bitcoin, then I say give me a more steady but slower growth spreaded over several years instead of peaks. |
|
|
|
I have been sending out quite a few transactions yesterday, all with a few of at least 0.0002BTC and they have been confirming nicely without problems. So far I don't experience any problems from the huge mountain of waiting transactions.
You won't have any problems if you pay high enough fee. The problem is that the fees are constantly moving up! That's true, yes. It's basically an auction where people are constantly increasing their "bid" to win and get their transaction confirmed. |
|
|
|
why is bitcoin going down is there a problem or something and did you guys know IBM will use blockhain without btc?? hows that
why is it that when bitcoin goes up >$50 nobody cheers up and says why is bitcoin going up but whenever there is a small $20 decrease this forum gets filled up by questions like OP p.s. move it to speculation already. Because people focus too much on the negativity in their life. It's a general weakness of a lot people. If 10 things go well in their life, they are ok with that. If 1 thing goes wrong, then they will make a huge drama about it. |
|
|
|
Could it be to avoid a dust change output?
How large are the input(s) you use and how many you want to send?
The transactions are ranging from 0.01-0.02BTC per transaction. I try to send them manually 1 by 1 and not as bundled transaction. 0.01BTC is not really what I consider to be dust. I had the following in mind: You have 2 inputs of 0.01001000 each and want to send 0.02. (no fee for simplicitiy) Core would use both inputs and have 2000 satoshi change which is below the dust limit. AFAIK if change is below the dust limit it is added to the fee. I have tried to include a fee of 0.01BTC and it forces me to pay around 0.0001XXBTC in fees. Can this be something for the protection that people won't include a ridiculous amount as fee by mistake? Core has such protection, yes. Im not entirely sure where the limits are though. I had a thread about that a while back. IIRC the limit is also in btc/sat per bytes. I think I only ever hit it on testnet when I tried to pay high fees. On mainnet I usually go with the (higher end) suggested fee. Perhaps that this security is enabled currently. I have been searching through the client to find a command where I can get rid of these forced fees, but without much success. It's quite ridiculous to be honest. I understand that they want to protect the network and force you to pay a minimum amount of fee, but even if I include a fee of 0.1BTC which I tried yesterday, it still forces me to pay a fee of 0.02XXBTC. I really don't understand why I can't set a manual fee. With the previous version I could add any manual fee that I wanted without problems. It never forced me to pay anything other than what I manually told the client to pay. It's quite annoying and I kinda regret upgrading to the latest version now. |
|
|
|
|
I have been sending out quite a few transactions yesterday, all with a few of at least 0.0002BTC and they have been confirming nicely without problems. So far I don't experience any problems from the huge mountain of waiting transactions.
|
|
|
|
Could it be to avoid a dust change output?
How large are the input(s) you use and how many you want to send?
The transactions are ranging from 0.01-0.02BTC per transaction. I try to send them manually 1 by 1 and not as bundled transaction. 0.01BTC is not really what I consider to be dust. I had the following in mind: You have 2 inputs of 0.01001000 each and want to send 0.02. (no fee for simplicitiy) Core would use both inputs and have 2000 satoshi change which is below the dust limit. AFAIK if change is below the dust limit it is added to the fee. I have tried to include a fee of 0.01BTC and it forces me to pay around 0.0001XXBTC in fees. Can this be something for the protection that people won't include a ridiculous amount as fee by mistake? |
|
|
|
|
Show Posts
