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EDIT:Further proving these idiots wrong, anyone having the same issue as me can see TrustWallet actually removed using change wallets/addresses. I have tested it a few times now and can confirm - your bitcoin wallet address stays the same no matter what. ( your bitcoins never get sent to a different address) Transfering my funds from yet another wallet who was using change addresses, the fees were higher because multiple addresses had my bitcoins - simply from sending some bitcoin. (they get as high as $5-$10+ from ONE SINGLE TRANSACTION!!) Now I no longer have that problem.  It is very VERY simple unlike these morons are trying to make it - the more addresses your bitcoins get spreads to, the higher the fees will be if you ever send enough bitcoin that needs to use 2 or more of those addresses. If all your bitcoins stay in 1 address the fee stays the same no matter what the amount of bitcoin you are sending is! Your bitcoins still get spread around even if you receive them in the same address from everyone whenever you send some of your bitcoins out.You can further confirm what I'm saying is true here:https://community.trustwallet.com/t/removal-of-the-auto-change-address-feature/155623Removal of the Auto-Change Address FeatureWhat is Auto-Change? The Trust Wallet team has decided to remove Auto-Change address functionality from UTXO blockchains, namely: Bitcoin (BTC) Using TrustWallet is the solution to disabling this "privacy feature" back to how all Bitcoin wallets use to work. Thank you TrustWallet!!! 
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For all you idiots who keep saying I'm wrong.https://coinguides.org/bitcoin-change-address-output/Literally don't need a change address. Nothing I said is wrong.  If you think that article is wrong then you are part of the problem not the solution. Don't use change addresses and you will pay lower fees. Facts. Who ever keeps trying to suggest you don't pay higher fees is spreading pure lies and propaganda. This "privacy" "feature" comes with a cost.
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For all you idiots who keep saying I'm wrong.https://coinguides.org/bitcoin-change-address-output/Literally don't need a change address. Nothing I said is wrong. If you think that article is wrong then you are part of the problem not the solution. Learn to read for once. I explained if you keep your funds in 1 address you won't have the issue of paying higher fees later. You aren't changing the address at all.  As I said even if you only have 1 address to receive funds you will still pay a higher fee if you have multiple unspent transactions from that 1 address. You can only reduce the fees if you consolidate all unspent transactions into one unspent transaction. No, if you keep all your bitcoins in 1 bitcoin address you will always pay the same fee no matter the amount of bitcoins you send - since they are coming from 1 single address and not from multiple addresses. Everything is explained clearly in the article I posted. Ignore all the technical bs idiots these who clearly never used bitcoin in the past are spouting (10+ years ago) You do NOT need to use a change address, you do NOT need to change your bitcoin address EVER. Even that article and many others like it describe how the "privacy" added is questionable. Who ever keeps trying to suggest you don't pay higher fees is spreading pure lies and propaganda. This "privacy" "feature" comes with a cost.EDIT:Further proving these idiots wrong, anyone having the same issue as me can see TrustWallet actually removed using change wallets/addresses. I have tested it a few times now and can confirm - your bitcoin wallet address stays the same no matter what. ( your bitcoins never get sent to a different address) Transfering my funds from yet another wallet who was using change addresses, the fees were higher because multiple addresses had my bitcoins - simply from sending some bitcoin. (they get as high as $5-$10+ from ONE SINGLE TRANSACTION!!) Now I no longer have that problem. It is very VERY simple unlike these morons are trying to make it - the more addresses your bitcoins get spreads to, the higher the fees will be if you ever send enough bitcoin that needs to use 2 or more of those addresses. If all your bitcoins stay in 1 address the fee stays the same no matter what the amount of bitcoin you are sending is! Your bitcoins still get spread around even if you receive them in the same address from everyone whenever you send some of your bitcoins out.You can further confirm what I'm saying is true here:https://community.trustwallet.com/t/removal-of-the-auto-change-address-feature/155623Removal of the Auto-Change Address FeatureWhat is Auto-Change? The Trust Wallet team has decided to remove Auto-Change address functionality from UTXO blockchains, namely: Bitcoin (BTC) Using TrustWallet is the solution to disabling this "privacy feature" back to how all Bitcoin wallets use to work. Thank you TrustWallet!!!
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Acutally using a change address, is the way that you need to use to get your change back, so if one of your UTXO is 1 Bitcoin and you only need to send 0.5 Bitcoin, What are you goint to use to get your change Back to you? Of couse a Change address, it can be the same of the source of a new one Address if you ask me i prefer to use a different address each time. But that depend only of your preference
In any CASE you NEED use one Change Address i mean the extra 50 bytes for the extra output will be payed even if the change address is the same than the source address.
The only way to not use a change addres is when you made a transaction without change.
Learn to read for once. I explained if you keep your funds in 1 address you won't have the issue of paying higher fees later. You aren't changing the address at all. |
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It seems you didn't understand how the transaction works like the above said even if you receive a changed BTC to change address from your wallet it does not only happen to change address. Even if you receive it in a single address you will still get high fees if you have multiple unspent transactions having multiple UTXOs in a single address or any address of your wallet can affect the transaction fees(it's all about the weight).
Learn to read. I already explained how it works. I will keep all my bitcoin on 1 single address thank you and change it when I want. Not spread it across many different directions/addresses everytime I send some btc causing much higher fees pretending my privacy is enhanced. What a joke. What a con. Many ways outside of the blockchain to increase privacy without clogging up bitcoin with such non sense. I don't care if you think otherwise, I'm pretty mad/pissed/upset about it. But whatever. Stay ignorant and keep paying higher fees. I mean really, do you like when you go to move all your funds at once and realize you really have much less -- cause all the fees that need to happen because now all your bitcoins were spread across many different wallet addresses.. That is appealing to you? OK. Whatever. EDIT:
For those of you who don't know, pretty much every bitcoin wallet app is forcing you to use these change addresses, and thats why the more you use it the higher your fees have been at random times.Unless you were sending a small amount and it was pulling that from 1 address, then the fees were normal. But when you went to spend a higher amount, you were paying higher fees if it had to hit 2, 3, 4, etc wallets that your funds cause "change addressed" to over time. It wasn't because you were sending more bitcoin, that isn't how bitcoin was meant to work. The fee is always the same no matter the amount as long as all the bitcoins are in 1 bitcoin address. In the early days when you went to lookup your wallet address on the blockchain you would see all your funds in the wallet. But now if you do that and had spent bitcoins since then, you'll see they were moved to other wallets. Some funds would stay behind again if you hadn't spent funds since receiving. This is sick. You don't need this and it doesn't help your privacy not at least in a way thats worth the sick fees you pay over time. But if you been using an exchange you might never notice, cause they doing it the old way where the fees stay 50 cents to a dollar. Take coinbase, venmo, cashapp, paypal for example thats what they charge to send btc. Cashapp lets you send btc free on lightning network but you have to send $25+ otherwise it as an option to pay $1 or $2 If you tried doing this yourself the fees would get out of control over time, because now most wallets for some reason changed to this stupid false privacy enhancement that really does nothing but give you the illusion you have much more privacy. It does cause some people a headache -- but not worth the fees you pay at all over the long run, not even close. And its only getting worse. and once again using doge and ltc for small transactions stops this problem in its tracks. this simple fact is not changing any time soon. You can use bitcoin in a way that doesn't spread your funds across multiple addresses everytime you go to send bitcoin. You just gotta find a wallet that supports it. |
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There are levels to privacy right? So while you are correct that using change addresses isn’t going to fool the FBI into thinking you aren’t holding funds, it might fool the casual observer. There are downsides to using change addresses too when it comes to backing up funds. For most users I think the simplicity of using a single address would probably be advised.
I agree, but I just don't agree that its worth how much more you end up paying in fees over time. In my case, anyone with block explorer could see where my funds were ending up, it didn't take the FED. The fact that it has become a norm and forced on the average user is insane. But of course the average user is just going to be sticking to exchanges anyway. But this is going to scare them away from using own wallet.. 99% of the bitcoin wallet apps don't even have the option to turn this "feature" off. If you have hundreds or thousands of dollars in bitcoin for example, but have been sending $10 - $50 here and there for example... then come back and send all your bitcoins somewhere you'll find out your bitcoins have been spread across many different wallets now just from spending bitcoin (not receiving because you can have funds sent to same address, this doesn't stop change addresses from spreading your funds over time) |
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Stop speaking on stuff you are clueless about. Go and learn more about coin control and how bitcoin transaction is before posting rubbish on this forum. You may not know that your post is full of rubbish. After you have known how you can practically use coin control, knowing how to consolidate your inputs when the mempool is less congested, you will know by that time that you have been posting rubbish. You pay more fees when your bitcoins get spread across many different wallets caused by using change addresses. If your wallet has 1 btc and its gotten spread across multiple wallets "for privacy" this happens when you spend btc. Change addresses. So you have 1 btc but now its in multiple addresses, so if you spend it you end up paying higher feess than if it sat in 1 single address. Not sure why people keep trying to argue about something so simple. What is a change address? In a UTXO-based cryptocurrency like Bitcoin, a change address is an address to which the remainder of a transaction's inputs are sent after the desired amount has been sent to the recipient. |
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It was made clear on your other thread that it is not about change address, it is about how many times people send you bitcoin.
If Mr. A, B and C send you 0.01 BTC each on a single bitcoin address making 0.03 BTC and you need 500 sat as fee if you want to send all the 0.3 BTC to Mr. D.
If Mr. A send you 0.01 BTC to your address A, Mr. B send you 0.01 BTC to your address B, Mr. C send your 0.1 BTC to address C. Also 500 sat needed as fee for the above transaction would be required for a transaction to Mr. D bechsse they have the same input count which is 3. That is, the bitcoin sent.
I stated I always have people send at the same exact address. As you spend bitcoin they get spread accross different addresses then when you spend more than whats in 1 wallet you end up paying higher fees. Nothing simpler than that. Stop speaking on stuff you are clueless about. It literally has nothing to do with how many times people send you bitcoin. You don't pay fees to receive. **Let me say this again, I have people send at the same exact bitcoin wallet address -- not a bunch of different ones the app generates each time you click receive. I'll repeat: Change addresses cause the bitcoins to then be moved across multiple addresses so then when you go to spend your bitcoins again if its more than what 1 address has, now your paying higher fees. Simple. OK? Stupid YES. |
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I will keep all my bitcoin on 1 single address thank you and change it when I want. Not spread it across many different directions/addresses everytime I send some btc causing much higher fees pretending my privacy is enhanced. What a joke. What a con. Many ways outside of the blockchain to increase privacy without clogging up bitcoin with such non sense. I don't care if you think otherwise, I'm pretty mad/pissed/upset about it. But whatever. Stay ignorant and keep paying higher fees. I mean really, do you like when you go to move all your funds at once and realize you really have much less -- cause all the fees that need to happen because now all your bitcoins were spread across many different wallet addresses.. That is appealing to you? OK. Whatever. EDIT:
For those of you who don't know, pretty much every bitcoin wallet app is forcing you to use these change addresses, and thats why the more you use it the higher your fees have been at random times.Unless you were sending a small amount and it was pulling that from 1 address, then the fees were normal. But when you went to spend a higher amount, you were paying higher fees if it had to hit 2, 3, 4, etc wallets that your funds cause "change addressed" to over time. It wasn't because you were sending more bitcoin, that isn't how bitcoin was meant to work. The fee is always the same no matter the amount as long as all the bitcoins are in 1 bitcoin address. In the early days when you went to lookup your wallet address on the blockchain you would see all your funds in the wallet. But now if you do that and had spent bitcoins since then, you'll see they were moved to other wallets. Some funds would stay behind again if you hadn't spent funds since receiving. This is sick. You don't need this and it doesn't help your privacy not at least in a way thats worth the sick fees you pay over time. But if you been using an exchange you might never notice, cause they doing it the old way where the fees stay 50 cents to a dollar. Take coinbase, venmo, cashapp, paypal for example thats what they charge to send btc. Cashapp lets you send btc free on lightning network but you have to send $25+ otherwise it as an option to pay $1 or $2 If you tried doing this yourself the fees would get out of control over time, because now most wallets for some reason changed to this stupid false privacy enhancement that really does nothing but give you the illusion you have much more privacy. It does cause some people a headache -- but not worth the fees you pay at all over the long run, not even close. And its only getting worse. |
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It IS correct.
It is NOT! When you send too much funds and its transfering from multiple wallet addresses because of change addresses caused from previous transfers.. Guess what? You end up paying HIGHER fees than if all the funds stayed in 1 wallet.
You still don't seem to understand. It's not the number of addresses that matters; rather, it's the number of inputs and outputs in a transaction that affects the fees. Whether you combine 10 inputs from one address or multiple addresses into a single transaction, it doesn't change the overall fee calculation.This is simple fact and the way bitcoin use to work by default in the early days.
That's how it's always been. I will try it out and see if it actually works where my funds always stay within 1 wallet/address.
Yes, you do that. No need to thank me. What you a terrorist or something like wtf. Oh, sure! Insulting those who are genuinely trying to help you is a great strategy. Let's see how well that works out.
<cut> That's not the point of the instructions. It's to explain that even if what he want to do is doable, there wont be any difference when it comes with the number of UTXO that his wallet will receive even if the change is sent to the same address or a change address. The point of my instructions is to answer OP's question, which you omitted from the quote, so I will repeat it here: I would like someone to explain if its possible for a app to be designed to just send the funds back to the original address when you spend your bitcoin instead of being sent to a new change address. I don't see why it would not.
I didn't imply your instructions were incorrect; I just provided a simple solution for the OP's specific problem, which no one had suggested before. And for some reason, OP is fixated on the thought of disabling change address will fix his high transaction fee issue.
At this point, I wont add anything that's already been explained here.
That's true. At this point I'm not even sure if the OP is really that ignorant or just a troll. Nah its comments like these that urk me. Talking WAYYYYY beyond the point. Having more change addresses = gonna pay higher fees factsYour bitcoins spread around more bitcoin addresses = gonna pay higher fees factsStay on topic instead of trying to sound smart, like holy crap people are so full of themselves. Its like all you guys here really care about is talking about very technical crap that literally means the same but you wanna say it in another way or just bring other technical bs into the mix. You guys are mostly clueless and clearly never used bitcoin in the early days. Insulting. Anyone that believe change addresses are increasing your privacy is a complete moron anyway. I can literally see where all my funds have been going to on the public block chain. Stupid. Keep spouting out random technical bs though that ends up meaning the same thing. (but not to guys like you wanting your own explanation to be the right one even though it means the same bs) How about stay on topic and to the easy straight forward facts I BEEN saying? - Change addresses end up costing you more in fees - Change address do not increase privacy - The fees for the perceived increase in privacy (where you just make things more difficult) NOT WORTH IT!!!! If you think you need change addresses to increase your privacy and don't know you can do so without that non sense thats insane. I found the solution anyway so now I don't have to deal with this problem anymore. God I hate guys that all they wanna do is fight about super technical bs beyond the point. You all are stupid, like for real will believe any stupid thing you are told. None of you truely know how bitcoin works at all. Like not even close. You just try so hard to sound smart. If you cannot explain it simply, you do not understand it enough. -einstein I'll repeat this again: ANYONE yup I'm calling a lot of people out here: ANYONE who thinks change addresses are helping your privacy on a public blockchain... AHAHHAHAH is wrong. 100% Go ahead and spout your technical bs that you don't even understand your damn self. And for some reason, OP is fixated on the thought of disabling change address will fix his high transaction fee issue.
At this point, I wont add anything that's already been explained here.
Consolidating addresses every once in a while by sending yourself transactions from 5+ UTXOs in an address or a few, to another address will make one UTXO, will save you fees if you set the fee rate low enough like 5, 4 stats/vbyte and the mempool isn't jammed like it is now. Right now an 8 sat/vbyte transaction is 51MB away from the tip, so now is not a good time to consolidate any UTXOs into one because extraordinary fees will be paid. For example, if you have 70 UTXOs in total, then each utxo takes about 200 or so (v)bytes in the transaction, so 70 * 200 = at least 14000 sats transaction if not more. That's at least $3.78 per satoshi per (v)byte added to the transaction fee. Thats interesting stuff actually! Of course its not needed if change addresses aren't used to begin with. Which DOES indeed fix my high transaction fee issue. No change addresses No btc being spread accross more wallet addresses = Lower fees. Facts. Everything is good now though.
All my bitcoins have been staying on 1 single wallet address and now my fees are lowered thanks to NOT using change addresses ever.Privacy? Let me worry about that, cause the change address bs didn't do anything for me to increase privacy. What a sick illusion. I hope you guys enjoy paying higher fees for no reason. LOL!!! |
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Bitcoin in the old days did not use to do this.
When I was sent bitcoin to an address, it STAYED on that address. I could always go on blockchain explorers and see my funds. This hasn't changed. Unless you make a transaction (obviously). Being FORCED to use a "feature" that causes you to pay 2-4x more in fees is the real limitation. As said before: that's incorrect. If you don't want to believe that: fine by me. But before complaining it helps if you know what you're talking about. TL;DR: Bitcoin transaction fees are based on 2 things: the size (in bytes) and the fee you choose to pay. If your fee is too low, your transaction won't get confirmed any time soon. If you add more different inputs (think about it as a bag of small coins), your transaction gets larger and your fee goes up. That's all there is to it. The address doesn't matter, although the address type does matter. Use Native Segwit for lowest fees. It IS correct. When you send too much funds and its transfering from multiple wallet addresses because of change addresses caused from previous transfers.. Guess what? You end up paying HIGHER fees than if all the funds stayed in 1 wallet. This is simple fact and the way bitcoin use to work by default in the early days. I use to NEVER have to worry about my funds being moved around so much that next thing I know if I go to transfer $300 or drain the whole wallet, its showing $7+ in fees simply because the funds are NOT all within 1 wallet address anymore - even though I always had funds sent to 1 wallet address only! -snip-
It does not appear to work as you guys think. Bitcoin in the old days did not use to do this. When I was sent bitcoin to an address, it STAYED on that address. I could always go on blockchain explorers and see my funds. -snip-I wont point you to technical explanations like " there's no addresses in the blockchain" to keep things simple. We could argue just to argue, that doesn't solve this problem. We could point out many "technicals" of life but that doesn't help anything. Just makes you look like a troll. I would like someone to explain if its possible for a app to be designed to just send the funds back to the original address when you spend your bitcoin instead of being sent to a new change address. I don't see why it would not.
User @nc50lc already mentioned how to achieve that on Electrum application. I suggest you to re-read what he said calmly. Yes, nc50lc explained one way to do it, but there is actually a simpler way that the OP can use to disable the "change addresses" feature in Electrum. He probably couldn't find this option due to changes in the GUI of the newer versions of the software. @Guessti, when you create a new transaction in the Electrum wallet and click on the "Pay..." button, a new window will open with the details of your transaction. Click on the small wrench icon in the upper right corner to open the options menu. There you can uncheck the "Use change addresses" option. Check the screenshot:  I will try it out and see if it actually works where my funds always stay within 1 wallet/address. Right now going through the pain yet again of transfering all funds from one wallet to another, and now the funds were spread across multiple wallets (change addresses) so the fees are much higher than if it was just 1. Its crazy how people don't remember the old days of bitcoin anymore, but they are quick to point out trivial technical bs that literally helps nothing and goes beyond the point. Then people have the nerve to really say the fees are just higher when I send more bitcoin, NO its because the more change address your bitcoins were spread across the higher fees your gonna pay getting them all sent where you want vs them simply being in 1 address. It was never suppose to cost more in fees just cause you send more bitcoin, if 1 million dollars in btc is sitting in one single address, then you pay the same fee as some other wallet with a penny in it. Unless your million of dollars is spread in a bunch of change address bs now the fees start stacking. Madness! All for this to not even truely improve privacy, every transaction I still can see on the blockchain. I see all my "changeaddresses" and where my funds went, its just messier, harder to track is all. Worth paying 2-4x more in fees all the time? Hellllll no. What you a terrorist or something like wtf. |
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But why does no bitcoin app exist like this anymore? If you create a new Electrum wallet, and instead of the default choose to only create one private key, you'll have a single address wallet. Mycelium on Android can do the same. The reason nobody creates this is because there are no benefits and only drawbacks. It's not a feature, it's a limitation. Being FORCED to use a "feature" that causes you to pay 2-4x more in fees is the real limitation. Literally LIMITTED to that. Having a feature taken away? Makes no sense. |
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Thanks for all the responses but no one has pointed me to a solution where bitcoin was back in the old days.
I don't get it, in the first version of Bitcoin, it's already using the same UTXO model. The only thing that's changed is the amount of transactions that you've been receiving. I literally send all my funds to ONE SINGLE ADDRESS yet each bitcoin app I have used INSISTS on changing my funds around causing me headaches and endless fees later.
-snip-
I want ONE BITCOIN ADDRESS FOR EVERYTHING ALL FUNDS!
I tried electrum too it does the same thing! I tried googling how to disable it, but mine doesn't have the option or I'm just having a hard time?
Okay, there's a way to do that in Electrum  You do that by importing a single WIF private key to Electrum by selecting the option " Import Bitcoin addresses or private keys" when creating a wallet. You can click the " info" tooltip above it to indicate the address type. But take note that receiving everything to that single address or receiving the change to that same address wont do any difference. Each unspent transaction output ( UTXO) still counts as one " coin". It does not appear to work as you guys think. Bitcoin in the old days did not use to do this. When I was sent bitcoin to an address, it STAYED on that address. I could always go on blockchain explorers and see my funds. Now with all these different bitcoin wallet apps, over time the funds are "changed" around as you spend your funds. This did not use to happen. I would like someone to explain if its possible for a app to be designed to just send the funds back to the original address when you spend your bitcoin instead of being sent to a new change address. I don't see why it would not. For me this has not increased privacy at all, I can see where all my funds are being transfered to on the blockchain its public??? It has only increased fees not privacy in my case! I hope someone can point me to an app that does what bitcoin use to.  This is madness! |
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First: relax! Take a breath I tried electrum too it does the same thing! I tried googling how to disable it You don't need to disable anything. If you want to use the same Bitcoin address again: do it. There's no need to ask your wallet for permission. EDIT: The other day I moved $300+ all my funds from one wallet AND IT COSTS ME $7+ IN FEES!!!!!! (because of so many "change" addresses over time!!) Use Electrum (or Bitcoin Core), and enable Coin Control in Bitcoin Core or the Coins tab in Electrum. From now on, never make a transaction without manually selecting which inputs. That means you get to choose how many inputs you use. You should read my topic on consolidating small inputs, and learn how to minimize fees. If you want to be in control, that involves manual choices. But why does no bitcoin app exist like this anymore? Surely someone has made one? Why is it so hard to program the bitcoin app to send the funds back to the original address when spent instead of a different change address? Or was it made impossible somehow over the years?? Call it: Single Wallet: Bitcoin Classic  Please I find it so hard to believe this great control and feature of bitcoin has just been wiped out!! I can't breath!  |
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Thanks for all the responses but no one has pointed me to a solution where bitcoin was back in the old days. I tried electrum too it does the same thing! I tried googling how to disable it, but mine doesn't have the option or I'm just having a hard time? Like I said, in my case my privacy is not being increased.. you can literally see on the blockchain where my funds are moving around to.. and then where they end up anyway.. So far this feature hasn't increased privacy, only fees. I should at least be able to disable this non sense!! EDIT: The other day I moved $300+ all my funds from one wallet AND IT COSTS ME $7+ IN FEES!!!!!! (because of so many "change" addresses over time!!) ALL from this NONE SENSE BS FEATURE THAT ISNT EVEN ACTUALLY INCREASING PRIVACY! NOT WHEN I CAN SEE WHERE EVRYTHING IS GOING RIGHT ON THE BLOCKCHAIN! Ughhhhh.. this is so frustrating. I've let this built up over the years.. this is not a good thing bitcoin did. The fees. THE FEES. HOLY crap its gotten so much worse than bank fees like omg.. This doesn't make sense!! I'm drowning in fees!!!! Bitcoin is suppose to be about putting YOU IN CONTROL! This is control I feel ripped right from under me. The horror..   Edit2: Does bitcoin core use change addresses? Otherwise I really have to have someone custom create something that sends the bitcoin back to the original address INSTEAD of a different address every time funds are spent? Or over the years bitcoin dev made this impossible or something? I don't understand.. what the hell changed these past few years? ? Sorry again for my rant but man I'm really upset about losing this option/feature.. this CONTROL I once had!!! |
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I have used GREEN, MUUN, BITCOIN.COM etc
Over time my fees start to jump to $2-$3+ randomly.. I search and beg for an option to turn this stupid "privacy" feature of changing my bitcoin address off.
I literally send all my funds to ONE SINGLE ADDRESS yet each bitcoin app I have used INSISTS on changing my funds around causing me headaches and endless fees later.
I don't know who thought this made privacy better, but I can literally track and see where all my bitcoins are being funneled to.
This has done nothing but caused double to triple the fees everytime I go to send a bitcoin transaction. Sometimes I'm lucky if the amount is small enough it only cost one fee.
But when your wallet keeps moving your bitcoins around sometimes it has to pull from multiple wallets and its causing stupid fees!!
A SINGLE bitcoin fee is already getting high enough as is!!!!!
Please can someone tell me a wallet that doesn't have this discusting sickening "feature" that has done nothing but continuously cost me more in fees?
My request is simple:
I want ONE BITCOIN ADDRESS FOR EVERYTHING ALL FUNDS!
If I want my bitcoin address changed, I want to be the one to do it!
This is an issue I've been neglecting to confront, everytime doing a google search not finding much on it. Switched bitcoin apps like 5x now with no luck. They all are doing the same thing without the option to disable! It does not matter if I send all bitcoins to just one address.
This is such a sick sickening "feature" if someone could please assist me I would thank you.
To even suggest it increases privacy is just sick to me to, why when I can click and see where my funds are going? Doesn't make sense.
Regardless of if I'm somehow mistaken (even though I've done it myself on the blockchain?) I BEG to have this feature disabled oh please!
Sorry for some rant but this has stressed me out sooooo much and now the fees are really being felt worse than an ATM!
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The most dangerous thing you can do when analyzing something is to look at isolated events while ignoring everything else. I didn't say these scams, hacks, etc. had no effects. I'm saying that these things are not the ONLY reason for dumps. Even your zoom in this picture showing the dumps is isolated since the dumps started from November 2021 from $69k not 6 months later in May 2022 from $40k. Some other events during the same period are: - Russian invasion of Ukraine - Increased inflation in US and Europe and pretty much everywhere else - Euro/USD exchange rate dumping hard for the first time in years - Increased interest rates - Recession - Food scarcity crisis when the export of grains halted globally for a while - Energy crisis - Other markets like stock crumbling down (eg. in first week of June which is Celsius on your chart, S&P500 dumped 11%) - Introduction of a New World Order - ... a lot more that has been affecting the global economy in a negative way hence affecting bitcoin price also. No offence, but it seems you are listing a lot of relatively isolated events to support the argument of Bitcoin's dumping -77.5% from it's highs in 2022. The irony being that in 2014 as well as 2018 Bitcoin dropped -83% from it's highs, so in reality Bitcoin has performed better (so far) within the 2022 bear market than in previous ones, given Bitcoin's bear markets remain part of a 4-year cycle. My point is if inflation had arrived in 2021 during Bitcoin's bull market, I'm sure most (including myself) would of wrongly claimed that inflation is good for Bitcoin, while now many still hold the belief that inflation is bad for Bitcoin, whereas as I stated Bitcoin has performed much better than previous bear markets without inflation and other factors - at least so far and based on the theory that the bottom is now in. I think we will only know if all or any of these factors above are "bad" for Bitcoin will be price drops lower (in % terms) than usual, which would be <$12K, which remains to be seen. If the perma bears are correct and we will go into a global recession in 2023 and see Bitcoin make new lows beyond the "usual", then sure we can probably say that inflation/recession is bad for Bitcoin. It's not that I'm saying that certain events, whether it be hedge fund liquidations or other global economic factors doesn't have an affect on Bitcoin's price, but I only really see it accelerating in the short-term where Bitcoin price will end up eventually, ie where price was going to reach by the end of the bear market anyway. Without certain events price could have held $30K until November before dropping to $15K for example. EVERYTHING effects the markets. It only becomes obvious once you look back, but not during You clearly did not look at the charts at all. No offense but your just full of it. |
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FTX is not important enough, Im sure I was supposed to be knowledgable about all their stuff but to me they were just another player. Now they are gone I see no reason why it must alter everything for the rest of us, BTC isnt propped up like that reliant on a website or person for their personal integrity. Predictably, the security of both was lacking and failed those who trusted in it. When people point at FTX and say BTC must be blamed its nonsense, I'd say thats a reason to buy when labels are entirely incorrectly placed like that.
Way back Mt.Gox did have an alarming dominance in BTC, very different and long beforehand people pointed out this towering wobbly leaning empire was about to fall and the negative it would be. We also did have a number of incorrect factors at that time, I think one BTC mining pool was nearing 50% or maybe it was a bit lower but either way it was far too dominant to be called a safe scenario. Hopefully BTC has progressed in good times and bad to be more distributed with many legs not just one to stand on for any number of vital trading flows every day.
Musk is a large buyer but also seller, maybe some trade that in order books but Musk isnt really important for change in this space that I ever heard. Strong genuine buying across millions of people is what alters the price long term hopefully forever in a bullish way because people use that purchase where as Musk did little that I ever heard.
Everything effects the markets, so yes FTX has a huge MEASURABLE impact as you can clearly see on the charts. If you aren't in the US you might not realize how big FTX influence on crypto right now is. As soon as over 5 billion in assets were found, markets reacted and thats what caused the boom. You can directly see that from the first mention of the find and check the charts. Thats A LOT of happy people with hopes of getting funds back, which may end up just like Mt Gox. Mt Gox people are very happy to be in the process finally to get funds back. EVERYTHING effects the markets. It only becomes obvious once you look back, but not during. |
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I think you are predicting the next 8 years from the FTX event. Such a prediction with the data entered is only a small part of the events in 2022 then you equate it with the events of Mt, Gox with a distance of 8 years, after that you predict 8 years later the same events will occur is that so? is that enough to prove that your prediction will be correct? In my opinion, the crash of the exchange and the Alt project is not a repeating cycle, at any time it can crash when the management of the exchange is bad and just a bunch of scammers. Maybe Elon Musk will take doge to mars. Wow that sentence tickles my stomach, you predict there will be more destruction and you joke this, I can't think. Where ever Dogecoin goes Bitcoin will go. Don't worry. |
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The most dangerous thing you can do when analyzing something is to look at isolated events while ignoring everything else. In this case (bitcoin price) you are isolating an exchange scam case and focusing too much on it without considering all the differences. In 2013 when MtGox bubble formed which popped in November, this exchange controlled almost all the trading volume in bitcoin market (more than 85%) and other exchanges weren't really significant enough. In 2022 something like FTX barely has any percentage in the much bigger bitcoin market that contains over a dozen big bitcoin exchanges with higher volumes. Same with centralized altcoins like stablecoins, they don't have any significant effect on bitcoin price anymore. In 2013 not much else was going on in the world considering economy, in 2022 the world economy was (as it still is) in terrible shape with high inflation and recession in most countries that is significantly affecting bitcoin market. Binance is ahead having its own token and blockchain. I wish coinbase would follow suit leaving the stock market functions behind.
They would just be creating yet another useless shitcoin that is completely centralized and will most probably die in a year or two when the major CBDCs are dominating the market. By then these exchanges that are creators of these centralized shitcoins and have full control over them would go down because their shitcoin gets dumped hard down to 0. Maybe Elon Musk will take doge to mars.
haha. Elon will only pump and dump this shitcoin as long as he can make money from it.  You're wrong, FTX got hacked on last year or 2022, not 2023.
So it should be 2014 --> 2022 --> 2030
But in order to see a big exchange got hacked and collapse, it doesn't need to wait for 8 years, every year there's always exchange got hacked.
You don't have to invest in altcoins to know if altcoins are scam, holding your coins on exchanges are not 100% safe.
So, just avoid all of them and just hold your Bitcoin on hardware wallet.
I was a bit sleepy ty I corrected it:) |
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