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1041  Bitcoin / Bitcoin Discussion / Re: Is there any way to shorten bitcoin's trading time? on: August 06, 2018, 07:53:48 AM
Outside of paying higher fees than what is recommended, your only option is to use a transaction acceleration service.

For your reference, here is one of the most accurate fee estimation services available: https://coinb.in/#fees

Alternatively, you could use https://bitcoinfees.earn.com/, but I find its estimates to be bloated for the most part.

...and here's one example of a transaction accelerator: https://pool.viabtc.com/tools/txaccelerator/

Also, there are currently only around 3k unconfirmed transactions at the moment, according to https://www.blockchain.com/btc/unconfirmed-transactions
1042  Other / Beginners & Help / Re: Copy and paste? No longer need! on: August 04, 2018, 09:58:11 AM
Does flashpaste addon records copy and paste history?
what if this records sensitive data like private keys, be careful guys.

I don't use it or hear about it, but when in doubt, just don't. Software like this definitely has real-world use cases, but joining bounties isn't one of them in my opinion lol. You can easily keep data you need to retrieve every so often in a text file for essentially the same functionality with none of the risks.
1043  Economy / Speculation / Re: Bitcoin slips below $8,000 as investors step away from risk on: August 04, 2018, 09:24:46 AM
We had forks in the past which failed then we were expecting the lightning network to bring positive changes to bitcoin to ease the users, which failed as well. Now what are the developers doing to make Bitcoin perform better.

The failed (hard) forks have nothing at all to do with Bitcoin though so their failures have no bearing in the current situation at all.

The Lightning Network has failed? It's still in beta lmao. Working on making it better is what the developers are currently doing to make Bitcoin perform better, among other things. I understand the frustration and the lack of patience, but they're working on very sensitive, very new technology. It may not even be an exaggeration to say that the Lightning Network is the future of Bitcoin, given the amount of hopes and resources already invested in it, so I'd prefer they take their sweet time with it to get it right.

You're right that better utility will drive prices up organically though. I believe that will just be a matter of time at this point.
1044  Other / Beginners & Help / Re: Check if an ETH address was involved in Scamming/Phishing on: August 04, 2018, 08:28:36 AM
This is really cool and all, but the most at-risk people can't even seem to Google common scams, much less check ETH addresses meticulously. There are also the concerns that Potato Chips stated, with addresses being free to create and whatnot. I definitely see how it could be useful but it would still be best if people just stopped sending other people ETH in exchange for more ETH lol.

But yeah this is kind of like how Twitter actively tries to hunt down impersonators only for new ones to pop up. Black lists aren't effective in such cases.
1045  Other / Beginners & Help / Re: Bitcoin and bitcoin cash ? on: August 04, 2018, 08:07:14 AM
It's like the title, can someone just simply told me what the different about bitcoin and bitcoin cash and i was read some articles that bitcoin cash is an upgrade of bitcoin than why don't people invest in bitcoin cash instead of investing bitcoin? Huh

I would like to point out that Bitcoin Cash is not an upgrade per se. They basically made a copy of Bitcoin and altered in such a way that would let its network handle more transactions right off the bat by increasing the block size. Bitcoin itself could also theoretically implement the same change but most of the community believes in exploring different solutions (side chains) like the Lightning Network first.

You can read this:

https://en.wikipedia.org/wiki/Bitcoin_scalability_problem

...for a more information about the subject. I personally prefer Bitcoin because I like the idea of side chains, and the general success of Bitcoin over Bitcoin Cash seems to indicate that most of the community has the same opinion. It's ultimately up to you to decide which you like better though. You even have the option to support both.
1046  Bitcoin / Bitcoin Discussion / Re: banks officially lost to crypto on: August 04, 2018, 06:38:36 AM
why are you supporting bitcoin particularily at all do you have an economic stake?

regards

Yes, I do have an economic stake, and you'll find that most people on this forum is the same way. Moreover, I believe in the technology and its future potential. These two reasons for my support don't have to be mutually exclusive. I'm not anti-establishment either. I am of the camp that crypto can boom as a very viable alternative without tearing the entire system down. I believe that Bitcoin is, at its core, simply an electronic peer-to-peer cash system, that it doesn't have to be any more than that, and that it can fulfill that role supremely well in the future.

Is there a problem with my line of thinking that you'd like to point out? Or were you questioning my support of Bitcoin specifically over other altcoins?
1047  Bitcoin / Bitcoin Discussion / Re: banks officially lost to crypto on: August 03, 2018, 06:03:00 PM
The article says banks have lost the war to crypto and fintech companies. If you read through it, it mostly talks about how fintech companies are making fiat redundant. Crypto's potential, although praised, was mostly mentioned in passing because you can't really talk digital money without having it come up. Saying the article is about banks losing to fintech companies is more appropriate considering the content.

It's still nice I guess, but we have to take into consideration the fact that fintech companies are also in competition against Bitcoin as far as cashless payments go. They're payment processors, something which Bitcoin is supposed to render obsolete.
1048  Bitcoin / Legal / Re: AML compliance challenges by FinCEN on: August 03, 2018, 05:23:00 PM
Ummm this is an advertisement for a compliance service. The article offers nothing new as far as regulations or compliance go. It went through a quick rundown of the current situation, and how a certain service uses AI to help businesses comply with AML regulations without really going in-depth as to how it does it. Not that there's anything wrong with that, of course. I'd just like to remind people to be mindful of what they share.
1049  Other / Beginners & Help / Re: Crypto Scams - Fake Wallets on: August 02, 2018, 02:32:29 PM
The most popular Bitcoin electronic wallet today is Blockchain. It is highly appreciated and has the highest reliability. I only use it when dealing.

I don't know about popularity, but most experienced Bitcoin users won't recommend it. I also know that there have been several incidents of Bitcoin loss because of negligence on the part of blockchain.info (now blockchain.com) itself. That doesn't exactly paint a pretty picture regarding its reliability. If you're a newbie and you're reading this, do yourself a favor and switch to Bitcoin Core or Electrum.

I seem to always see a blockchain.info wallet recommendation on threads like this pretty often. Makes me wonder if the posters are really just happy with the service or if there is some shilling going on.
1050  Economy / Economics / Re: The real estate bubble on: August 02, 2018, 01:33:01 PM
Is this a new trend at all? I mean, I'm sure the overwhelming majority of people wants to own a home at some point, so it's not like the demand is only for people who want to rent out their 2nd or 3rd apartments.

Real estate is generally sound for as long as you have an actual need for it. There may be more supply than demand in some areas now, but who knows how long it will stay that way. It's kind of like Bitcoin in that sense, where we know it will not be enough for everyone somewhere down the line. For as long as you're not putting all your eggs in the real estate basket, you should be relatively safe. This is one investment where "inherent value" is very relevant.
1051  Bitcoin / Bitcoin Discussion / Re: Gallup Poll Shows Only 2% of US Investors Own Bitcoin, But 26% Are ‘Intrigued' on: August 01, 2018, 03:14:00 PM
if i recall correctly this poll was conducted back in 2017 which was in the middle of the heat of the rises. so obviously when you asked any investor whether they wanted to own bitcoin they would have said yes. it is in fact surprising that the percentage is low but understandable at the same time because bitcoin adoption is still so low that it can be considered non existent! not to mention all the FUD that keeps trying to push investors away.

Wait what? The article says the survey was conducted in May this year. Or were you referring to a similar survey?

But yeah, I'm kind of interested as to how much these serious investors actually have in Bitcoin, and what would make those who aren't interested to reconsider their stance. Bitcoin still has a huge untapped market for sure, but this survey doesn't paint a very pretty picture of how it is currently doing in the eyes of traditional investors. It just seems like we're stuck in a paradox where we need more adoption to drive more adoption.
1052  Bitcoin / Bitcoin Discussion / Re: india may avoid cryptocurrency ban classify them as commodities on: August 01, 2018, 10:16:03 AM
It doesn't really matter how they classify it at the moment because there is no ban in place. Their central bank does have a directive for banks not to get involved in any capacity with  cryptocurrencies though. It's specific to cryptocurrencies so however they want to classify them is besides the point.

Trading seems to be completely free for all at the moment, so you can trade crypto to your heart's content for as long as you don't use a bank account in doing so.

As for the central bank directive, their supreme court should have met on July 20, but I haven't heard anything about it. Anyone care to enlighten us?
1053  Bitcoin / Legal / Re: The European Parliament Says Digital Currencies Can Be Used as Money on: August 01, 2018, 09:38:13 AM
Sorry, let me disagree with you
The European Parliament is mainly composed of elected members
In the sense that it reflects the image within their own countries
That is, they are not isolated from the views of their countries
I see a strong signal in the positive direction

I think what he meant to say was that the statements weren't legally binding. I wouldn't go as far as to say they're completely useless, but as far as formal policies go, they actually are.

I'm personally happy about this because it's much better than the alternative of outright opposition (like we need more of those lol), but yeah this doesn't really mean crypto can be used everywhere in the EU countries, as others may be thinking.
1054  Other / Beginners & Help / Re: Is bitcoin the right cryptocurrency to start trading for a newbie? on: August 01, 2018, 09:01:16 AM
Not that really.A lot of coins can be use to.There are different alternative currencies that offers opportunity for beginners to trade with than bitcoins.

While it's true that you can theoretically start anywhere, Bitcoin is the perfect starting point because of its wide availability along with plenty of resources. You can stick with tried and tested wallets and exchanges, for example, which may not be applicable to some obscure coins.

If you want to learn about cryptos by actually experiencing using it, Bitcoin is the way to go. You can branch out slowly after that because pretty much every coin comes with a BTC pair anyway, but not vice versa.
1055  Economy / Economics / Re: Why everyone only invest in the crypto market? on: July 31, 2018, 01:51:24 PM
Everyone should definitely diversify their portfolio. Spreading money across different coins don't count because they mostly move in unison. Those who play with ICOs or small market cap coins are likely traders looking to multiply their money rather than invest.

That being said, this is a Bitcoin forum, so people are more likely to talk about their crypto investments over their traditional investments. I'm sure most people who have enough resources to maintain a diverse portfolio do so. Those who don't should mostly fall under the umbrella of people who are only working with a small amount of money or hardcore anti-institutionalists.

I should also note that crypto has an incredibly low barrier of entry, so it's accessible to more people. That could also be the reason why, assuming your observation were true.
1056  Bitcoin / Bitcoin Discussion / Re: GOOGLE BANS BITCOIN MINING APPS.ON PLAY STORE on: July 31, 2018, 12:54:19 PM
hmmm, that is strange, because minergate app is still available in my store. May be they prohibited that only in some local stores. In Russia it is ok. I think that what they have to do is to prohibit the apps that use secret web-mining, when users are not informed about the processes inside the app

Yeah, searching for Bitcoin Miner still returns a lot of results for me too. Then again, it seems the article only says they've reached the decision to ban mining apps. It's unclear if they've already started the process, but it's clear that they're not done.

Also, before people start crucifying Google for being anti-crypto, this move is not anti-crypto. These apps are bad news; they're either malicious or don't work at all. This is for everyone's protection.
1057  Other / Beginners & Help / Re: Trusted Altcoins Buy/Sell Platform for International users... on: July 31, 2018, 12:08:00 PM
What you're describing is basically an exchange. You don't need to be based in the US nor would you need to wire money to access one. You just need to find out which exchanges support your country, sign up for it, then buy away. So where do you live? Try Googling "cryptocurrency exchange". It should return a few results relevant to your area.

Keeping the coins safe for long term holding is a little more complicated though, as it's not recommended to store them in exchanges and online wallets. You could invest in hardware wallets like TREZOR or Ledger, which could store multiple kinds of altcoins. You basically transfer the coins there after buying from your exchange.
1058  Bitcoin / Legal / Re: Bitcoin Breaks Out to Recent Highs as Regulatory Concerns Diminish on: July 30, 2018, 01:34:13 PM
Mind explaining how exactly?

One possible reason I see would be the entry of institutional money. Lack of clarity in regulation is always cited as one of their concerns about entering the market. Some average joes may also share that concern.

If we assume that clearer regulations would alleviate these concerns, it could very well lead to a bigger market, which is usually more stable. Lots of theoreticals in there, but I personally believe it to be very plausible.
1059  Other / Beginners & Help / Re: Beginners with small amounts of money on: July 30, 2018, 12:54:27 PM
What do you want out of your investment? Long term growth? Short term?

I'm oversimplifying things here, but if you're going for a long term investment, Bitcoin would be the way to go. If you want ti multiply your money quickly, you should look into some relatively new alts which have better short term potential than Bitcoin.

But yeah you should start with the fundamentals first. This isn't like the stock market where you could sign up for a brokerage service and be done with it. Cryptocurrency exchanges generally work the same way as them, but they're quite notorious for not being very secure. Make sure you do research into what you're putting money in. You can always ask questions here if the search function isn't being helpful.
1060  Economy / Speculation / Re: The next trend of bitcoin? on: July 29, 2018, 02:27:43 AM
I just want to add that it has been denied, at which point it dropped but then recovered again:

https://www.cnbc.com/2018/07/27/bitcoin-loses-steam-after-sec-denies-winklevoss-etf.html

The rally seems to have stopped though, so the mini bull run really could have been about the hyped up chances of the SEC approving the Winklevoss Twins' Bitcoin ETF. It did seem to rejuvenate the market, so I'm kind of optimistic that the $8k price range could be maintained.
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