All the things that you have said between Visa and Bitcoin is all correct and that's the way I think too but let's also think the time of existence of this two, I just search that visa founded in year 1958 by Dee Hock and Bitcoin just founded in 2009 by the great Satoshi Nakamato, technically visa are operating for 59 years now while Bitcoin is 8 years so if your'e saying that we're taking 1,000 steps backward on this one maybe you just said that because of your frustration about the tx's fees.
Bitcoin developers are working hard for the improvement of the network. Bitcoin is a digital money, Visa is a Fiat card money, they both have a good purpose in this world so let's just hope for the betterment of this two.
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The increased traffic, number of unconfirmed transactions and the rising price all indicate to me that another pump and dump cycle is on its way. Regardless of the pump and dump, the unconfirmed transactions and slow transaction speeds are annoying me as well.
It's true that a huge transaction fees and delays are frustrating in anyways but we can't do anything about it but to wait for the network traffic to subside, and I don't really see it as an indication of a price dump instead a good sign of an economic growth in this 2 cryptocurrency, many people now are starting to invest with Bitcoin and Etherum the top 2 cryptocurrency as of this moment, and it's Christmas season now, we all know that the flow of money at this time of the year is massive. I am also thinking that there are politics or some sort of manipulation happening inside of some cryptocurrency, group of businessman that directs to spam the network for the fees to get higher so that they can make a huge profit out of it, who knows. At the end of the day we'll still use Bitcoin and Ethereum so by any chance converting your BTC and ETH to other Altcoins that offers a very small amount of fees in withdrawing is the best move nowadays.
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Does anyone else regret that hasn't invested in certain Altcoins that now rose 400-800%? Because I regret it a lot. :|
I once bought a good amount of Bitcoin last year of October and the price of it are only $600+ and now it's $18,000+ a piece, that's a 3000% increased. I bought also Litecoin earlier this year that averages $4 per coin back then and now it's $266+, a 6,500% increased. Buyer's remorse, the sense of regret, I really hate that. I experienced and it's awful to realize this kind of things but we need to keep moving forward and accept the fact that it's already done. It's hard to discipline myself not to spend my money to useless things and I am thinking that's just like holding cryptocurrency that has a strong appreciating power over time.
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If the Bitcoin market capitalization reaches that $6.7 trillion now then the price of a single coin is $400,175, that is times 22+ of the current value and that's not impossible for Bitcoin to achieve as it continues in increasing. For me the Dotcom bubble can only compare to ICOs right now and never to Bitcoin because we all know that it never support this ICOs, Ethereum did. It just that there are companies that accepting an investment from Bitcoin but that doesn't mean it supports it.
Dotcom bubble, Tulip Mania, Y2K etc... are the issues that already happened in the past but there are people that keep on relating it to the Bitcoin's success right now. The money inside Bitcoin is just a small portion of the total money that is circulating in the world so for me it's better to wait what will happen in the future(less headache) as there are unlimited predictions by different people who thinks they know everything.
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Many are saying that indeed bitcoin is just a bubble. Ofcourse those who don't believe in bitcoin will say that. However, whether it's a bubble or not, it is up to the person like you and me if we will believe in it and continuously invest. We all since then that investment requires risk as well. This can be a humor only unless bitcoin will continuously prove itself that it is not.
Yeah it is depends on what we believe ,if we think its a bubble then stop investing but for me its not a bubble ,many of us help by bitcoin and this is one of the reason why i still believe in bitcoin. Belief, trust, faith, confident... or whatever word we would like to say about the future of Bitcoin to other people they will still say something that Bitcoin's price increase is a bubble and we can't really blame them though because what happened to Bitcoin is a historical event of our generation as this is never happened before and the first time a currency that valued so big even it's intangible. Those rich and well known individual that says something bad about the future of Bitcoin or any other kind of cryptocurrency are just a wanna be experts that hides their motive because they are just scared to what will be the adverse effect to their businesses.
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At first I really see Bitcoin as a digital currency for buying and selling goods and services online but nowadays the way I think about it changes also because it is indeed more of a property just like Gold right now more than a money because the price increase is so fast that spending it like a normal money will make you regret later on.
There are so many new players that only bought Bitcoin in expecting to earn out of it and I am not against it though but they are just riding the train with no idea at all to what it's all about. Using different cryptocurrencies aside from Bitcoin is more convenient without a doubt because the Bitcoin network is congested this fast few months and it must be improve or else there will be another coin that may become worthy than Bitcoin.
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Good evening, I would like to know what is the safest way to store altcoins.
The safest way for you to store your specific Altcoins is to secure it by yourself so download the Altcoin's very own wallet that is giving you the right to hold your own private keys as no one will get access to your wallet in that way not unless you give it intentionally to others. If you want to hold it in a long term basis and to calm your mind you must never rely to store your cryptocurrencies to online exchanges even if it's a legitimate one. And when transacting online you must be vigilant in looking for the right URL because there are so many phishing website that is almost the same with the original one.
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If I only have a time machine to go to the future to know the right coin that will pump up then I can tell you what is it right after I came back. I think that this Einsteinium coin is not a dirt cheap coin because it offers a good mission that resulted for its market capitalization's growth and this is a young cryptocurrency that has a potential that seen by its investors and the first year anniversary of this coin in the crypto market is today so I don't think that this is a trash coin after all.
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When people of each countries are below 18 years old and most of these teenagers are no job then do you think they are not paying taxes in the government because only the employed people are capable of doing, then it isn't because every goods and services that these youngsters tend to use in their daily lives are bond with taxes in general, it's same goes by with Bitcoin even though there is no government regulation that is straight taxing cryptocurrency in every single transaction.
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For as long as you hold your own Bitcoin wallet private keys then you are fine getting any future Bitcoin Forks.
I used Electrum for almost a year now and I can say that it is a trustworthy desktop wallet. An online wallet blockchain.info also shows a support to the recent Bitcoin Gold Fork as they promise that they will give every users a BTG in exact amount of the user's Bitcoin holdings. I think HitBTC also give an automatic free coins if you a Bitcoin balance there. Many exchanges tend to do this trend maybe because the Bitcoin Forks are common nowadays.
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It's all his fault though and he can't do anything about retrieving it back, who is in the right mind that a valuable account's password will just be given to someone, even though it is a customer support of his trusted crypto exchange because at the first place there is no need for any website to get your password in just helping you to buy a specific cryptocurrency. It is ovbiously a scam and the owner acts so carelessly with this matter so this will serve a solid lesson for him.
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It's no secret that BTC has a big problem with fees and transaction times and it's getting worse with rising valuation and number of users. That's the first issue. Bitcoin's closest market cap competitors don't have these issues....at least not yet.
Tell me some Bitcoin's closes market cap competitors that have an average 350k transaction per day for more than 1 month. The second issue is that other cryptos have given better returns year-on-year vs. Bitcoin...especially in the past week to a month. During that period BTC went up 100% but some of its closest competitors in market cap have returned 200-300%....or better.
If there's only one person that can predict what will happen in the future then he can profit more than 1000% of his/her investments in crypto, for me Bitcoin is the most reliable cryptocurrency out there. To me, this is a no-brainer. Even some merchants and vendors have dumped Bitcoin in favor of other cryptos. Most know of the STEAM example.
The main reason for people to convert their Bitcoin to other Altcoins is they are expecting for some higher return over time, is it really 'steam' or 'steem'? So why are so many on this forum not switching? Most of you would be in a position to get in before the crypto ignorant (new investors) start piling in fresh cash.
Maybe because this is a bitcointalk.org and meant for Bitcoin related things and switching to some cryptocurrency is not bad but people will always tend to go back to Bitcoin. Again if there is only a chance to know what is happening in the future. I really do not understand the logic since I don't believe for a second that it is an issue of brand loyalty...especially how little it is discussed as an option.
Thoughts?
Bitcoin is the father of all cryptocurrency and the pioneer of it so the root of all Altcoins out there was came from it, Bitcoin is the most valued coin right now because it deserve it to be. I knew that most people know already that supply and demand is the main reason for a thing to increase in price and that's what is happening to Bitcoin right now
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EtherDelta is so dangerous! It have uor wallet number and key. And if it want, it can steal our coins in wallet.
EtherDelta is not dangerous, phishing sites are. In any kind of cryptocurrency exchanges out there you must be vigilant if the one you are using is the real and legitimate. Creating Ethereum address is unlimited so you can create as many as you want to be able to separate your tokens or Ether, don't rely on one address only just like in any other Altcoins. The OP admitted that he is aware of this phishing sites yet he still accidentally sent his tokens. We can't do anything about it as it's already done and there is no legal way in retrieving it back. Securing our own cryptocurrency addresses is a must.
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Can you please post an image for me to help you cause I once experience some difficulty in using EtherDelta too and my questions is: What Ethereum wallet are you using in sending balances to EtherDelta? How many transactions you go through? (there is 2 transaction needed, 1 for the smart contract of your token and 1 for the EtherDelta's address)
The website of EtherDelta is convenient at first but you will get used to it if you just follow the Guides in their Help dropdown.
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I've been using Poloniex for almost 1 year now and I have no problem relating into this. It seems that they are just being skeptical because you have a big amount of holdings so your verification must be fully comply first. It is true that their support sucks most of the time in responding to their users but they will resolve this case if you follow the rules. I know it is frustrating to wait but they will not steal your coins and you must document everything for your evidence just in case it worsen.
I once lost my mobile phone and my 2Factor Authentication is there and I contact their support to disable it for me to access again my account and they resolve it for more than 2 weeks because they are requesting too much information for my real ownership and that's fine with me for as long as they restore it.
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I haven't sent btc in a while. Back when i sent btc, fees were less than 50 cents. Maybe 3 dollars? I went and tried to send less than 30 dollars of btc... fees show up as 12 dollars on electrum and thats with the lowest possible fee where i make it send within 25 blocks. Now if you want to send under 1 dollar, it cost 12 dollars. When is this issue getting fixed? Who in their right mind would send btc for small amounts when even the fee is that much? Its like paying 12 dollars for something you want to buy that is 1 dollar?
When was that time that you sent a transaction with a 50 cents tx's fee? because I am curious also to how many transaction numbers are involved in the Bitcoin network that time. The number of Bitcoin transaction per day now is averaging 330k+ for more than 1 month now and that's a good sign though as the price of Bitcoin is also increasing but the downside is the tx's fee are riding also. Sending a micro transaction nowadays using Bitcoin is very frustrating so the best way for you to send a small amount of payment is to convert it to some other Altcoins that offers a very small amount of tx's fee.
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Lucky to those that sold off early their ETN coins early before the huge dumps happened but I really don't see any potential on this coin(sorry for my negativity) but they are not even serious in fixing their website for people to be calm and support the growth of it. And since November 15 the market capitalization of the ETN coin is hidden so the transparency to the people are also missing.
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A decentralized digital money is the best money that has ever been created IMO.
Money is money and there is a saying that 'Money is the root of all evil' so having a group people controlling on a specific cryptocurrency maybe safe for the mean time but if the value grows just like what happened already to Bitcoin then there is a tendency that one person to that group would think of an evil deed just like what a typical politician that steals funds from the government projects.
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OP if the money means alot to you then you should cash out. Only invest what you can afford to lose, and know that bitcoin is not a "safe" investment. You should do a lot of research on it before you actually decide to invest.
What is your basis about telling that Bitcoin is not a safe investment? those FUDs spreaders that was always wronged about Bitcoin? Can't blame you though if they really affect your perspective. If I could take a chance in receiving a $500 bill or worth $500 BTC then I would definitely choose Bitcoin all day as the price of it keeps appreciating over time and I witnessed its growth ever since I discovered how to do things from it.
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Taking into consideration the fact that the Bitcoin has the most transaction traffic per day among the cryptocurrencies, servicing a huge amount of transactions will cause congestions to miners in the network and that's still the big problem of Bitcoin as of this time.
The sole purpose of the Segwit2x and Lightning Network proposals is good in lowering the tx's fees but it didn't get through because of the consensus that also didn't met and nothing we can't do about it as of the moment but to trust the Bitcoin developers to find a much more better way for the betterment of Bitcoin itself.
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