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From what I have seen, exchanges charge 0.2% - 0.25% for a trade. Many also charge a small amount to withdraw.
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My standard answers to this question (which is asked every day):
1. The best time to invest was years ago. The second best time to invest is now.
2. Taking investment advice from anonymous strangers on the internet is stupid.
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If you have a decent graphics card, NiceHash is a good place to start. Basically, you mine altcoins but you get paid in bitcoins. With a decent GPU, you can earn $1 a day, depending on the cost of your electricity.
As for trading, what people don't tell you is that not every trader makes money. For every $100 one trader makes, another trader loses $100.
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No limits? A crystal ball would be perfect.
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Also, you need to estimate the predicted return. Because of the risk involved, a good investment would require an expected return of 100x - 1000x.
For example, people have invested over $200 million in the Tezos ICO. Do you think the investment will ultimately be worth $20 billion - $200 billion? Doubtful. Given how risky the investment is, the Tezos ICO is a bad investment.
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Bitcoin did not have a 21 million limit until bugs were found in other coding languages. The way it was SUPPOSED to work is that every millennia 21 million Bitcoins would be generated until absolute zero and then the cycle would repeat forever. The bug was not in Bitcoin but a bug in some coding languages causing faulty wrapping of signed 64-bit integers (not wrapping back to 50 reward per block).
That is false, or at best it is a weirdly psychotic version of the truth. I had made the same question not long ago, basically as time passes, the difficulty increases, making it harder and requiring more time for each one to be mined. This might even need more than a century to happen. Miners will profit from the transaction fees at that time.
The purpose of the difficulty is to regulate the time between blocks. It does not affect the rate of bitcoin production. The rate of bitcoin production is determined by this simple rule: Initially, each block creates 5,000,000,000 satoshis, but after every 210,000 blocks the amount is halved. |
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Of course you will have to hold it for the time being. Since the price is fluctuating, it can easily be 12$ the next day.
Now, let say the price goes down to 9$, so you can't sell it because you are going to lose, so what you gonna do is to hodl on your investment and wait for it to increase to 11$ to take profit.
You are assuming that it will go back up, but what do you do if it goes down further to $8 instead? |
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Hi Everyone, I am quite new to bitcoin. And I want to know how to accept payment using bitcoin. Where to start? Is there anyone who can help? My website is https://wildswood.comIt sells wooden watches. We currently accepting payment through Paypal and Stripe. Looking forward to your reply Lawrence A quick and easy solution is Bitpay or coinbase. |
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Hi today,i sent 0.008 btc from my electrum wallet to my localbitcoins wallet.I was shocked to see that they have mentioned that 0.00073669 BTC would be charged as incoming fee for just 0.008 btc.I didn't understand why they charge for an incoming transaction.Could they justify it by any way?
It is going to cost them money to send the bitcoins you sent them so they are trying to cover those costs. |
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Value of cryptocurrencies go up and down every few hours, so if price today is 10$ and tomorrow 11$ can I just buy today and instantly sell tomorrow for 11$? That seems way too simple... Could you link me to or explain here how dose all this work?
What are you going to do if it goes to $9 tomorrow instead? |
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You'd have much better luck if you started your own thread. Any potential buyer here will already know what this is. It would also help if you spell Casascius correctly in you ad. |
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So I then used a repair wallet which supposedly backtracks everything and puts my BTC back in the wallet.
Resetting your wallet does not cancel the transaction. Once your wallet broadcasts a transaction, you cannot recall the bitcoins that you sent. In some rare cases, the transaction may not go through and eventually expire, but you have to wait. |
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In an effort to reduce your incentive to spam, the site puts a limit on how fast your activity value can increase.
I suggest reading more and posting less.
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The question is, how fast if Bitcoin mining is done with CPU?
Its impossible to mine fast on CPU currently. To put you a perspective. CPU can mine with speed 1 GPU can mine with speed 10 ASIC can mine with speed 100  You never beath GPU with CPU, not talking about ASIC. Gap is too wide. Your numbers are way off. CPU : 1 (50 MH/s) GPU : 20 (1000 MH/s) ASIC: 200000 (10000000 MH/s) |
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1. can I keep my bitcoin and other crypto-currencies at the exchange? will it be secure?
2. what are paper wallets and how do they work? does it take a lot of time to convert from online wallet to paper wallet and vice versa?
1. The history of exchanges is poor. There is only a small handful of exchanges that have never lost (or stolen) their customers' coins. Keeping your coins on an exchange is risky. 2. A wallet holds one or more private keys (and the associated addresses). A paper wallet is simply a piece of paper with a private key written on it. many thanks for letting me know that other crypto-currencies can be stored on paper-wallets. I checked the website https://walletgenerator.net, however since ma new could you please let me know if there is a detailed guide or a tutorial on how to use it... Be careful with sites that generate private keys for you. There are sites that keep the private keys they generate and then they steal the coins. It is best to use the site offline to ensure that it doesn't transmit your private keys to the site's owner. |
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Looks like a pump and dump to me. Stay away.
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If I understand you correctly, you sent BCC to an address in your blockchain.info BTC wallet. If that is the case, then it is possible to recover your BCC because BCC and BTC addresses and private keys are interchangeable.
Here is the solution in general terms. I don't know the details.
1. You must get the private key for the BTC address you sent the BCC to. If you sent to a blockchain.info wallet, then it is possible to recover the private key with the right software. Note that blockchain.info support cannot do this for you.
2. Import the private key into a BCH wallet.
3. You have your BCH.
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Comparing these chain lengths is like comparing bitcoin's chain length with litecoin. Makes no sense.
It does make some sense because BTC and BCH are branches of the same chain. Litecoin is a completely different chain. Regardless, even if BCH did overtake BTC, there would be no technical ramifications because the two chains are incompatible. |
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In about 3 hours, the Bitcoin Cash difficulty will adjust and it will go up by a factor of 4!
At that point, most miners will switch back to Bitcoin, where the profit will be higher, and Bitcoin Cash will be back to multi-hour blocks for a while.
So, if you want to do any Bitcoin Cash transactions, you had better do them now.
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Bitcoin Cash at 481608.
Bitcoin Core at 481614.
Implications of this happening?
Is Bitcoin Cash producing too many blocks?
It is the sum of the difficulties that matters, not the number of blocks. |
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