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Hi folks,
The reasons of the drop of price of Bitcoin are pretty obvious to me (saturated network, too high fees), but why is Bitcoin Cash price not benefiting from this? This does not make sense.
Does anyone have a clue?
All opinions welcome.
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Good video, very useful for newbies. Unfortunately too many investors have not much knowledge about Bitcoin and don't understand what's going with the fees.
However, what I don't understand since yesterday is why Bitcoin Cash price is crashing as well, this I have no idea why?
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I don't think it is a correction. I think it is due to the obvious limitations of the coin, victim of its own success. The coin was not prepared for mass adoption (and I say "mass adoption" but it is very far from being the case now, obviously).
Fees (in Bitcoin):
2 years ago, 25 to 30 btc a day
1 year ago, 65 to 80 btc a day,
today, 150 to 210 btc a day, that's around +600 % in 2 years, absolutely shocking. It is way too expensive.
A shame because the concept of Bitcoin is great, but it is technologically limited.
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As far as I am concerned, not surprised at all. It is been weeks and weeks that fees are reaching ridiculous amounts.
Sad to see, but expected.
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Because the sender selected the minimal fee, which will probably result in a transaction taking 14 days to reach the different wallets.
All those saying they received their payment are wrong, check again it is "pending" in your wallet, there is 0 confirmation at the moment. You will need to wait a few days, let's check again next week.
457 sat/byte is minimal fee, I did not knew that. Sorry it was just a guess deadley, apologies then. I am perfectly fine with waiting for a few days anyway, was just informing the other people on this thread saying they received their payment, while they have not yet (technically speaking).  No rush anyway. |
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Hi folks,
Don't know if you have noticed, blockchain.info offers now the possibility to trade from your online wallet, between BTC, ETH and BCH.
For convenience purpose, I did not bother to transfer my funds to Coinbase or Kraken, and used my blockchain.info wallet (ShapeShift is apparently the exchange service used).
Is this fee considered high? Exchanged only 0.02 BTC and it seems a bit expensive to be honest...
Opinions welcome.
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Because the sender selected the minimal fee, which will probably result in a transaction taking 14 days to reach the different wallets.
All those saying they received their payment are wrong, check again it is "pending" in your wallet, there is 0 confirmation at the moment. You will need to wait a few days, let's check again next week.
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This topic doesn't make sense
Bitcoin Cash is bitcoin.
The other bitcoin is Bitcoin Core. And the other one is also Bitcoin Gold.
There isn't just one bitcoin. There are many bitcoins. There is no central authority that says which one is the "real bitcoin" so they are all the :real bitcoin".
But for the holders it makes perfect sense  Go tell that to someone who has 1 Bitcoin and 0 Bitcoin Cash if one day Bitcoin Cash overtakes the other... If you had Bitcoin before August 1 then you should have received the same equivalent in Bitcoin Cash, in that case I can agree with you. |
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For small payments it is had to disagree.
Average fee for a $100 transfer is $10, nobody will want to get charged ten percent.
For a $1000 transfer you will pay approximately $20, so two percent is more acceptable.
Use Bitcoin for big transfers only.
Bitcoin Cash is strong, but still waiting for merchants to accept it (not many last time I checked).
This^. I'd be curious to see how BCH actually handled the volume of transactions that BTC has. Maybe it has experienced it and has done fine? I haven't looked and don't care right now. I don't move BTC around. Fees are just that-fees and profit. Once people can make more money (i.e fees) on BCH transfers, they eventually will. For those who earned "extra Bitcoin" with signature campaigns or other services, I would recommend trading a small amount to get some Bitcoin Cash. I did just last week and I am happy I did. I am a little upset that I bought my first Bitcoin on August 10 (give or take a day), 10 days earlier and I had free Bitcoin. C'est la vie. But now with blockchain.info it is very easy to get some Bitcoin Cash, I think the demand could grow just because of that. Some folks like me are just lazy to register on an exchange platform to trade, so a good move from blockchain.info Anyway, hold both and see what happens. |
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For small payments it is had to disagree.
Average fee for a $100 transfer is $10, nobody will want to get charged ten percent.
For a $1000 transfer you will pay approximately $20, so two percent is more acceptable.
Use Bitcoin for big transfers only.
Bitcoin Cash is strong, but still waiting for merchants to accept it (not many last time I checked).
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...Actually Hollande was seriously considering to implement this 75% tax but he did not. He realized it would be a disaster if he did. ...
Actually Hollande did implement the wealth tax. However, he had to drop it after huge public criticism and missing success of the wealth tax. https://www.theguardian.com/world/2014/dec/31/france-drops-75percent-supertaxFrançois Hollande’s unpopular tax changes that imposed a 75% rate
on earnings above €1m (£780,000) will quietly disappear into the history books from Thursday. Finance ministry studies showed that despite all the publicity, the sums obtained
from the supertax were meagre, standing at €260m in 2013 and €160m
in 2014, and affecting 1,000 staff in 470 companies. Over the same period, the budget deficit soared to €84.7bn. Ok I stand corrected then, it is strange because I was living in France back then and cannot remember he did implement it (I do remember all the discussions and criticizes around it though)  |
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Similar story posted 2 months ago, In France > https://www.reddit.com/r/CryptoCurrency/comments/77sjk4/bnpparibas_is_closing_all_my_bank_accounts/As long as your money is available, I see no problem with it. Most banks have "anti money laundering" instructions and that's why they don't want to be responsible if some dirty money transited into their bank. Just get a bank account from somewhere else, US residents could look at Belize for instance, European residents can look at Malta, just two examples. |
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You only have to pay tax when you sell back into fiat right? If more and more places start accepting crypto directly this won't happen. Also coins like Monero stand to gain a lot from this sort of legislation.
Totally depends on your jurisdiction. Many places would regard crypto to crypto as a taxable disposal. In the UK it's capital gains at 20% which seems bearable enough to me. I'm unsurprised France would do this. I have relatives in France and it's pretty darned communist when you scratch the surface. I'm amazed it functions as an economy considering how overbearing the state is there. Luckily my country doesn't tax crypto to crypto as a taxable disposal, but they do tax you when you convert it to fiat. And yeah, France isn't a great country to be rich in, they've had so many socialist governments in the past. Remember when they implemented a 75% super tax back when Hollande was president? Actually Hollande was seriously considering to implement this 75% tax but he did not. He realized it would be a disaster if he did. That was planned to aim yearly incomes overtaking 1 million EUROS, but then even politicians from his party agreed to say it was a bad idea. Socialism is just not good anyway when you live in a liberal economic system, but that's my personal opinion. |
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The major mistake people make when betting on sports is not caring about the odds. You need to bet early and be able to predict the odds you are betting on will drop soon or later. Your bet is a good bet only if you manage to get better odds when you placed the bet, compared to closing odds (odds of your selection at the start of the event). Example: Nadal vs Federer Odds: 1.95 / 1.95. You bet on Federer @ 1.95 Closing odds: Nadal 2.00 vs Federer 1.86 Your bet is a good bet, even if Federer loses, because you were able to get the value on Federer. You may lose your bet but you should be able to get a profit over the long term. You can read this article about it > https://easysportbet.co.uk/why-are-closing-odds-more-accurate-than-opening-odds/It is not an easy exercise, it takes a lot of practice and experience, and the most important is to stick to sports you know best. Avoid tailing other people, and you will give yourself the best chance to win over the long term. |
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About Rafael Nadal, they say his serve is the only shot where you can see he was born as a right handed but learned to play with his left hand. As for Ivo Karlovic, quite simply he would ranked outside the top 500 with a "normal" serve |
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Is this a joke? What purpose does this hardfork serve?
No purpose, just people trying to get free money. These jokes will end soon. Hopefully anyway! |
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On paper it is decentralized, de facto many argue it has became centralized because it is in the hands of a few people.
There is a community behind deciding (think about the forks, Segwit, etc.).
I think that certain people are asking the pace for it, but it can't become centralized in the general sense of the term Yes I do agree, it would make totally no sense if it was centralized for good, officially, with everything it implies to the users. |
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Wall street getting involved, but some miners are getting more and more into other coins. Right now the standard (normal) fee for a Bitcoin holder to send for example $1000 dollars, is a fee of $20. It is a big fee. But there is worse, to send $100 you need to pay something like $10, yes a fee of 10%, this is hard to sustain.
It has been said many times on this forum but the fees are really getting a serious concern. What is the price reaches 50k USD one day...
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On paper it is decentralized, de facto many argue it has became centralized because it is in the hands of a few people.
There is a community behind deciding (think about the forks, Segwit, etc.).
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