It's a variety of coins, mainly Golem right now, also I live in sweden, there's hardly any coin trade here atm. Most of people are busy mining the damn thing. I'm too poor to build something. So you're saying that a local trade would be the best option? There's no way of avoiding the mining fee even if I did that. Why would I pay a mining fee for something that already exists? It doesn't make sense to me. Would it be better to go on coinbase to exchange it with other people instead? I get there's an exchange fee, but the mining fee confuses me. The exchange fee is very low, but the mining fee is so damn crazy. Imagine trading in 100k$ and paying 40k$ fee, that's how I feel right now.
What's my best option right now? My coins are in Jaxx and it's in bitcoins. I want to trade some of these into Golem, and maybe other currencies in the future.
Regardless of what happens you'll have to pay a fee to move your BTC to an exchange. They've exploded in the last few weeks. Normally it's far lower. These are your options for Golem markets - https://coinmarketcap.com/currencies/golem-network-tokens/#marketsBittrex or Poloniex are the biggest easily accessible exchanges it's on. I don't know how Jaxx works but if it doesn't have an adjustible fee and all you have is Bitcoin in there you can reintroduce the same seed in a wallet that does like Mycelium. If you have other coins in Jaxx then you won't be able to access them with Mycelium. Don't go with its fee recommendations, refer to this - https://bitcoinfees.earn.com |
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Bitcoin's chain has limited capacity and it's being hammered by the current hype. Lower fees are possible if you control the right wallet but many services have a fixed fee that you have no control over. They'll always go for fee overkill to avoid customer complaints.
What other coins interest you and what country do you live in? That'll influence your options. Changelly is slightly last resortish.
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LOL, Yesterday I watched a documentary about cybersecurity and the journalist interviewed him in his home. He was in pajama and started to drink alcohol (he just waked up 0.o) it was the morning. He started to show his porn magazine hidden in the kitchen to the journalist. He looks like someone who hasn't sleep for a week.
on topic:
He was surely exaggerating because he isn't the type of guy knowing much about bitcoin. It was just a fantasy guess like he can say Santa is real
I saw that interview too. He was raging alcoholic up until the 1980s and then he was reborn as a yoga guru. He's quite clearly fallen off the wagon and let it run him over several times in a row. Still, I'd probably do the same in my 70s. It's not as if you have much health left to preserve. The alternative is an extra 5-10 years of utter horror. |
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I still think because the cas market is still niche with the premiums so low it's definately HOLD. When bitcoin hits mainstream and the collectables market catches up these will only go up in value but you guys can keep peeling that's fine with me  Has anyone out there collated figures on how many have died since prices and forks started going through the roof? It must be quite a significant number of fresh deaths by this point in time. |
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Indeed. What do you buy when you have no needs?
Immigrants for your future transplant needs. |
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But if you're holding over 5 BTC in a paper wallet, I wouldn't worry about 500 USD in fees. Lol. You're rich! Pay the miners.  I guess it's conceivable this could really happen. I'm not sure which is more mind blowing at this moment in time, Bitcoin heading far into the tens of thousands or fees reaching the hundreds. I checked a not massively input heavy balance today which would take $60 to move low priority but that's probably down to crappy estimation. Those unbanked Kazakh goat whisperers won't be able to access the global economy and do online goat whispering with Bitcoin after all for now at least. |
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It's a vast incentive for them to get in on the Bitcoin market directly. I assume they can't get on to most exchanges but GDAx, Itbit and Gemini must be possible. I can't see Wall St sitting back and letting Bitcoin trading scum wag their dog.
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I have no plans to do anything other than sit on mine. If I did need to realise their value I don't think I'd have the stomach for the open market though. They're now worth too much. I'd offer them to the usual suspects on here, but even then I'm not sure it's possible to insure something for these amounts in the post, but that's as far I'd go.
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I'd say overall that was a far from discouraging list. They're right to be calling it out as a potential vehicle to set your money on fire. Anything could happen and no one can save you from your ignominious end.
I'd like to revisit their opinions five years from now. I assume some attitudes will harden while others embrace it.
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There's a more important question to me - how many people will want to get involved in Bitcoin? I believe a lot more than there are now and that's the arbiter of Bitcoin's value. We won't know what it's worth until the majority of them are involved.
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Such poetic imagery... love it.
You can't deny that bitcoin went mental this year, though. I mean, c'mon, up an additional $1500 in the last 24 hours?
Now that Wall Street has their fat sausage fingers on it, I expect it to drop like a rock once there are bitcoin ETFs and futures markets that allow people to "short" or otherwise bet against bitcoin. I don't foresee a DASH or ZEC ETF in the near future, however.
And ETH went from $8 to over $700 in nine months. Plus it never went below a few hundred despite the intensity of that pump. That's considerably more mental. If Bitcoin futures are a success you can bet your arse alt ones will appear too. |
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Altcoins had 2015 and 2016 and 2017 too. In case you hadn't noticed ETH and XMR was in the cents in 2015.
They all went mental while Bitcoin sat there like a lonely turd at sunset. This is the first year since 2013 that Bitcoin's done anything resembling what alts have done in a straight line for years.
Bitcoin might also be in the process of delivering on its promise which is a simple one compared to all the convoluted shite that'll never get anywhere in altland. They need to shit or get off the pot. Bitcoin's curling out a massive one right now.
People seem to assume alt action is a god given right. It may well be but there's been plenty already.
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The Anti Semite really should be spreading its joy on places like 4chan, bodybuilding.com or a My Little Pony forum where there's a chance of influencing the wavering.
We're all crypto zombies now. There's no talking us out of anything any more. It's the definition of futility.
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If what you are saying is true Roach then you may as well accept it and ride it.
His, er, 'morals' won't allow him. |
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It would be great to hear from more people as to what they are doing with their old legacy addresses. I am less inclined to move them just yet, certainly I am starting to think about moving them.Thanks for your responses.
Quite a few airdrops have required signed messages. You can't do that with Segwit. I've no need to move coins so they'll stay in legacy addresses for now. My most used wallet is Mycelium and I definitely would switch to Segwit if they implemented it but it might be a long wait. |
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I didn't knew that the legacy addresses were still online, i thought that everybody who had bitcoins had already moved their funds to a segwit address.
If his descendants can't move those coins from that paper wallet in a century's time then Bitcoin as a concept will be a complete and utter failure. |
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I doubt that. This little minnow is of no consequence whatsoever. Since I have no children, either, the entire sum of my life will fade into obscurity rather quickly after I die. https://www.youtube.com/watch?v=tH2w6Oxx0kQ Put a burger shot of yours on the blockchain and you'll have a sliver of immortality. |
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Yes it's possible. And by that point it's also possible that price will be regarded as an absolute disaster leaving millions of people rekt and the start of a new bear market.
Ain't no one knows what that whole year will hold.
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