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1  Other / Off-topic / Isn't crazy how much does bitcoin exchange earn? on: March 30, 2018, 03:51:07 AM
i just did a simple calculation, about 35k bitcoins are traded on GDAX every day. At its current price of $6900 and a trading fee of 0.3%, the exchange puts about $700,000 in its pocket EACH DAY and it is ONLY for bitcoin. After including all other cryptos, this number can go up to more than $2MM. Since the exchange is active 365 days a year, the exchange's annual revenue can reach almost $1bn!!
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Cash Raising! on: November 03, 2017, 04:55:58 PM
I think it is because of the disappointment of bitcoin gold and some people are speculating there will be no bitcoin split in two weeks which means there will be less competitors for bitcoin cash. Also a great portion of the trading volume comes from Korea--bitcoin saw the same rally last year when China and Japan had a big demand.

I would believe BCH will continue to grow as it gains more popularity. People love popular coins LOL
3  Alternate cryptocurrencies / Altcoin Discussion / Re: BITCOIN GOLD WALLET AND CLAIM THE BITCOIN GOLD ? on: November 03, 2017, 04:36:05 PM
im new into bitcoin and I made a big big big mistake. I went to btgcpu.org to claim mine bitcoingold.

The webpage returned an erorr and now my wallet is empty. Is there anything I can do? or is it lost for ever? 0.7 btc like 5k Dollars  Cry

im feeling so dumb right now!

Yike... you might have lost your bitcoin if you gave them your private key and your wallet doesn't have any extra protection like a google authenticator. Good luck.
4  Alternate cryptocurrencies / Mining (Altcoins) / Re: Anyone have problem withdraw USD from Kraken ? on: November 03, 2017, 04:03:35 PM
I am dealing this shit with Kraken too. I would say never use Kraken if you are US based. Taking USD out from the exchange is so difficult... Not sure about other exchanges though.
5  Bitcoin / Bitcoin Discussion / Re: Why BTC is rising the price? on: November 03, 2017, 03:20:38 AM
1. Coming fork
2. CME's announcement on bitcoin futures, this is huge deal from a reputation/recognition perspective.
3. More hedge funds joining the play field which means more demand
6  Alternate cryptocurrencies / Altcoin Discussion / Bitcoin gold replay protection feature has been implemented on: November 03, 2017, 03:10:55 AM
According to their Github thread https://github.com/BTCGPU/BTCGPU/issues/51, the replay protection implementation is finally done. Is it safe to claim BTG now? I like free money Grin Grin

I know some people still think it is a scam. But they may overconcern.
7  Bitcoin / Bitcoin Discussion / Re: Transaction with very low fees on: November 03, 2017, 03:00:00 AM
I sent about couple bitcoin cash from Electrum wallet to an exchange today and I didn't realize the fees was terribly low, only 0.009 mbit until i sent it. Of course i didn't mean to pay such a low fee but the wallet didn't show the fees; the fee slider was in the middle position and i assumed it's paying an average fee...

Anyway, since the fee is so low, what will happen? Is it possible nobody will mine my transaction and i lost my coins? Is there anything i can do?

thanks all!
Are you sure you are telling that you send bitcoin cash from an Electrum wallet to an exchange,because Electrum wallet does not support bitcoin cash and if you are talking about Electron cash wallet ,you have to wait for a longer period with such a low fees and if it is not accepted then it will be returned to your wallet after a certain period.I think you could resend the transaction with more fees with bitcoin cash too if you think that the fees is low,just google it whether it is possible.

Thanks. I meant Electron cash actually. It went through after almost two days.
8  Bitcoin / Bitcoin Discussion / Re: Transaction with very low fees on: October 31, 2017, 05:11:55 PM
Finally I got a few confirmations. Even though the exchange requires 20 confirmations, i think it is getting there.
9  Bitcoin / Bitcoin Discussion / Transaction with very low fees on: October 30, 2017, 03:28:22 AM
I sent about couple bitcoin cash from Electrum wallet to an exchange today and I didn't realize the fees was terribly low, only 0.009 mbit until i sent it. Of course i didn't mean to pay such a low fee but the wallet didn't show the fees; the fee slider was in the middle position and i assumed it's paying an average fee...

Anyway, since the fee is so low, what will happen? Is it possible nobody will mine my transaction and i lost my coins? Is there anything i can do?

thanks all!
10  Bitcoin / Electrum / Re: Has anyone been able to send a transaction using Electrum/ Electron Cash so far? on: August 19, 2017, 06:12:30 AM
Hi guys, i created my electron cash wallet with 2FA and two factor authentication enabled; and now i have the same problem while sending out my coins. is there a fix? thanks.
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