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1  Economy / Investor-based games / +3 WEEKS ONLINE ★ BlockWake ★ DOUBLE BITCOINS IN 100 HOURS ☆ Automatic System ☆ on: June 26, 2017, 06:37:32 PM
2  Bitcoin / Bitcoin Discussion / Re: wtf? Blockchain transaction fees is outrageous!!! on: June 21, 2017, 06:53:41 AM
$16 as the default transaction fee? Something fishy here. I know that the transaction fee is high nowadays, but I haven't heard anyone paying that much tx fee for a while. $16 is equivalent to BTC0.006, which is many times bigger than the highest transaction fee I have ever paid (BTC0.001).
It's about the number of inputs the transaction has.  OP has probably accepted a lot of dust transactions, pushing his transaction fee up.  Personally, I've also never had a fee of >$2-3 for transactions to confirm within half an hour.  Either that or he is paying excessively high fees by mistake.

blockchain transaction fees killed my entire 2 days earnings on bitcoin 40$

i never know and wanna try exodus wallet so i transfered frm blockchain to exodus 40$ and they cut 16$ as transaction fees.

HOLY MOM!! Wth is this fees???

anyone experience the same...

Everyone that is using bitcoin rightn ow is experiencing this. If you want to avoid paying hefty fees and you're just wanting to have a good way to send small amounts of bitcoins(under 0.05 BTC) to whoever, wherever, then what i actually suggest you do is deposit your funds to coinbase, and use their offchain transfers.
Onchain transfers are fine if you don't accept loads of dust transactions.  I personally wouldn't use any offchain transfers from private companies, because they rely on trust and remove the whole point of using BTC.

OP, you also need to understand that it's nothing to do with what wallet you're using (, exodus, etc).  All of them are just suggesting a fee that they believe is right for you, and most wallets will let you change that fee if you want to.  The fee is not to the service but to the miners.
3  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 20, 2017, 10:07:26 PM
Most cryptocurrencies other than Bitcoin are down.  ETH is down, Ripple doesn't count, Litecoin is down, ETC is down, DASH is down...

Looks like some money is slowly starting to flow back out of altcoins and into BTC.  The SegWit hype will amplify this over the next month or so.

Time to short some altcoins if you ask me.

Still holding onto some 15 or so that showed positive performance (none of the ones you  mentioned) in the midst of destruction, I guess everything else was weeds. Gonna get some sleep finally.

I'm into a couple of stable ones which I like as well.  I'm just not a fan of the big names.

if we are really going to grow (don't we all want that?)
No. A lot of people really, really don't want that. Like the wordy guy a few posts up who, quite uncharacteristically for those people, openly admitted it. That's why nothing has been done yet.

Don't mischaracterize me.

Merely because I think that a 2mb blocksize limit increase is not necessary does not mean that I don't want bitcoin to grow.

If something is not needed, then it is not needed, so it makes little to no sense to implement something that is not needed, and that does not mean that bitcoin will not grow.
I somewhat agree, but if it isn't needed then it won't be used.

When spammers aren't trying to push up the block size like they have been recently, the blocks don't have to be near full all the time, which means that the difficulty of running a node can still stay pretty reasonable.  The fact that it's a static blocksize increase rather than a dynamic system means that it's not particularly worrying for the future either.

The important thing is that if a 2MB hardfork happens, it's high consensus.  The implications of a 2MB max block size are not that important compared to the implications of a messy hard fork with loads of arguments.
4  Economy / Investor-based games / Re: Cloud mining. advantage and disadvantage on: June 20, 2017, 09:57:47 PM
Ask yourself a question. Why would anyone rent you the use of their mining equipment if they were not making more money doing that than mining for themselves?
Cloud mining groups have the benefit of lovely big places to put the miners in and more efficient use of the machinery than you would have mining with a bashed up S9 in your basement.  The problem is that I can't think of a single current cloud mining provider which doesn't just take this extra profit themselves (and a significant chunk of the rest of your money through a slow and complex process).  The concept of cloud mining is bad in that it is pro-centralisation, but a legitimate cloud mining site could exist (not that I can think of one right now).

It'll look really nice what you're getting at first OP, and you might have some nice "returns" at first, but the chances are it'll never actually reach what you put in, and if it ever does it'll be a really long time from now when the hashrate you bought hardly does anything anymore.  The thing is that you'll receive a high dollar value, but the Bitcoin value (or invested altcoin) will probably not actually reach what you put in.

In its current state, cloud mining is a bullshit system and no one should be investing, nor spamming reflinks like some idiots enjoy doing.
5  Bitcoin / Bitcoin Discussion / Re: You Can Now Type the Bitcoin 'B' Symbol in Unicode Text on: June 20, 2017, 09:45:07 PM
Nicely done, so now we could expect to see BTC symbol as a standard on computer keyboards as well but where would they put it?
Errr, I don't think you've been reading...
Overall, the update includes 8,518 characters, along with 56 new emojis.
This is absolutely nowhere close to a BTC keyboard symbol.  Just because we're part of this group doesn't mean we're important - it's not like Bitcoin is used even a hundredth as much as the dollar for example.

It's a step in the right direction to be recognised but it's not that significant.
6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 20, 2017, 09:36:40 PM
Most cryptocurrencies other than Bitcoin are down.  ETH is down, Ripple doesn't count, Litecoin is down, ETC is down, DASH is down...

Looks like some money is slowly starting to flow back out of altcoins and into BTC.  The SegWit hype will amplify this over the next month or so.

Time to short some altcoins if you ask me.
7  Bitcoin / Mining support / Re: Noob - Mining questions on: June 20, 2017, 06:49:11 PM
1) Best wallet to store different types of coins (doge, dash, btc, litecoins, etc.) currently use yobit
YoBit is shady as hell.  If you want an exchange to store it on I'd suggest Bittrex, but ideally you'd wouldn't store it with someone else and would choose a software wallet such as Exodus, or use each coin's respective reference clients, backed up properly.
Quote from: miguel8580
2) If I mino another type of currency, an example: I start to mine dogecoins, can be sold directly or have to exchange for btc to then sell them
Go on CoinMarketCap.  You can see the pairs which are being traded and if the coin you're mining can be traded directly into fiat.  Personally I'd prefer trading to Bitcoin first.
Quote from: miguel8580
3) in the pages that I am currently mining I have the option for btc, dogecoin, dash, etherum, litecoins and even the same GH / S, my question is which is these coins is better to mine or is it preferable to mine a quantity of gh / s To be able to make more coins per hour / day / week / etc
Ideally you'd be mining yourself.  Cloud mining is seldom profitable (tell us what site you're using).  It's impossible to say which is best to "mine", because they vary based on the price and how the difficulty has adjusted to that.
Quote from: miguel8580
4) 6) If I get 'X' amount of any currency, it is better to invest it on the same page or directly take it out to my wallet.
Maybe you mean should you reinvest into cloud mining?  If so, the answer is no.
8  Economy / Exchanges / Re: [Urgent] Bitfinex , In DANGER ? on: June 20, 2017, 05:55:54 PM
is it still there, or are you again able to access it?

I'm no internet expert, but nearly every exchange is down few or more times a day. Kraken is down nearly everyday. Coinbase is down every few days. Poloniex too.
So it would be no surpirice if bitfinex also would have few down times.

You are right .

Now I have access.
lol, may be its just maintanance dude
Probably not.  Bitfinex has been complaining of "DDoS attacks" recently, just like every exchange that enjoys doing a bit of market manipulation, insider trading and suspicious activity with your funds.  So it was probably a "DDoS attack", just like the ones that Poloniex "gets".

You'll most likely find that this happens at least once or twice per day until Bitfinex either gets their act together (if they're actually having problems) or stops being idiots (if they're not).
9  Economy / Trading Discussion / Re: If the bear market started tomorrow. How would you adjust your porfolio? on: June 20, 2017, 05:17:24 PM
my strategy has always been to trade bitcoin when its future is clear, like when it is easier to speculate a big rise or a big fall and then stay away (meaning to transfer all my bitcoin to cold storage) when i can't speculate it.
Like now - it's looking like scaling will be implemented, so it's a big buy (unless the code is buggy as hell, which it could be).
Quote from: BrewMaster
as for altcoins, holding them in my opinion is a dumb move. they are easily manipulated and their dumps are hard and irreversible. and there isn't really a bear market in altcoins there is only pump and dumps and there is always at least one pump going on that you can take advantage of.
Unfair generalisation.  Some altcoins were relatively stable until just a few months ago when this crazy bull market/arguably bubble started (even ETH, for example).  Furthermore, some altcoins grow in a reasonably way - Byteball for example is distributing to Bitcoin holders and to existing Byteball holders, which makes the value of people's holdings increase as more Bitcoin holders get involved.

Furthermore, the majority of altcoins are traded against Bitcoin, and many of the major altcoins' charts have run nearly parallel to Bitcoin recently due to the overall bull market and trading against BTC.
10  Economy / Trading Discussion / Re: If the bear market started tomorrow. How would you adjust your porfolio? on: June 19, 2017, 10:54:47 PM
I'm thinking about adjusting my portfolio for the eventual bear market (if that comes in the next few days/week/months who knows).

My portfolio contains 30 % BTC, 15% ETH and the remainder in alts.

How would you adjust the portfolio to maintain maximum value and capitalize on the financial opportunities of a bear market?

My own thoughts are that BTC is less overbought than ETC and the altcoin market and so would lose less of its value in a crash.

So perhaps moving to BTC to consolidate my position would be a good idea? Or even convert to BTC then to USDT and buy BTC after the crash.

Any help would be appreciated.


I'm not sure if everyone knows what the bear market is.... I don't atleast...

So could you explain what the bear market is? (And maybe include it in your original post?) Not everyone knows all the trading terms and I think we would only be able to stimulate the conversation also Smiley

Thanks in advance!

A bear market is a general decline in the stock market over a period of time, the opposite of a bull market.

Back to what the OP is asking, I don't personally rely on altcoins much. I would covert everything to Bitcoin and wait for the trend to change; we can feel the fear in the air for what's coming in few months and I'm sure many holders are thinking about selling before anything goes wrong, but that's a personal choice I wouldn't support.
Drops and heavy fluctuations in price are a common thing in the bitcoin market, but from what we've seen in the last few years they are always followed by an increase.

Ah, thanks for your explanation. That clears things up a bit Tongue
I still suggest putting it in the Original Post though..

Almost everyone knows what a bear market is.  It was also easy information for you to search for.

Personally, I would move most of the ETH out - it's way overvalued, but it's just very hard to tell when the end of that situation will happen - it could go a lot higher first.

 Some of the portfolio would go into safe-ish alts like Byteball and Maidsafe (maybe some Litecoin or Monero), some would go into BTC, and the majority would go into fiat.

As the price of BTC drops I'd gradually buy in in increments, just a little bit at a time.  By the end the majority of the money would be in BTC, and when the bear market ends I'd put any remaining fiat into BTC and slowly start diversifying back into stable alts.
11  Economy / Service Discussion / Re: which exchange has better bitcoin withdrawal fees? on: June 19, 2017, 09:35:48 PM
If I'm remembering correctly, Poloniex still has a withdrawal fee of 0.0001.

Still, I wouldn't trust them to send a transaction in a timely fashion at all considering all the complaints of delays recently.

I say just suck it up and use Bittrex.  Their fee is 0.001, and it's not too bad when you're using normal amounts.

Till now I didn't face any problem with Poloniex when performing a withdrawal and at the same time withdrawal fee is also very low.
It's very arrogant of you to assume that a situation is fine just because you are not being affected by it.

Here's just one example of someone talking about an extremely slow withdrawal from Poloniex (8 days).

Closing the trollbox makes it impossible to access the support, because they almost don't exist.  No withdrawals from an exchange should ever be slower than a few minutes unless they suspect that you're doing some shady activities and can reasonably justify it.
12  Economy / Service Discussion / Re: Genesis Mining- cloud mining -%3 discount promotion on every purchase on: June 19, 2017, 09:22:37 PM
I really cant understand how they have survived this long.
Through their referral program.  As crazy as it seems, some people are investing through it.

Looking at a referral program for a company my first instinct is to think "so they're giving away >5% of the initial deposit to the referrer - that means that their profit margin must be >5%".  When you find out that Genesis Mining try their best to hide what profits they actually take and how they handle them, you realise that Genesis Mining is pure trash and that it doesn't bring profit to anyone but themselves.

Their main strategy is to pull in people who use mining calculators to mislead them into thinking they can get high profits.  They add altcoins which just soared very dramatically in value, then they try to market themselves as a stable investment until the difficulty finally catches up with the price and all the people who invested in mining that altcoin suffer horribly.

Quote from: okan1964
the result: ether price will be 100 usd for the next 2 years , and i cover my invest in 9 to 11 months, let's make it worse 1 year. (if the ether prices will be on average over 100 usd in the next year, i cover much more earlier)

So, the first year, i expect only cover my investment and keep the all ether i earned. The second year i expect %70 profit (worst of worst scenario)
Misleading people with oversimplified calculations I see.

You're seriously the scum of this forum.
13  Economy / Service Discussion / Re: Just got banned from bitmixer campaign and have a question on: June 19, 2017, 08:58:50 PM
It's nothing to do with your posts.  You could have noticed what it was about if you'd bothered to read the signature campaign thread.

fireball4** #Farmed account most likely not in possesion of original owner.
14  Economy / Trading Discussion / Re: Buy BTC at one exchange, sell it more expensive at another? on: June 19, 2017, 05:30:23 PM
This is called arbitrage trading.


-Large buy/sell spread takes a huge chunk out of the potential profits.
-It takes a long time to deposit/withdraw, in which time Bitcoin's volatility could screw you over.
-Trading fees.

You'll find that you can only succeed in this if you have a lot of money and a solid strategy.  The problem is that the price will just even out when this is possible because everyone else has the same idea - often arbitrage trading is not actually very profitable.
15  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 19, 2017, 04:06:40 PM
Past 40 blocks have 77.5% segwit2x support
Just added up the pools listed on based on the hashrate distribution chart.

If both sources are accurate, it's about 66.8% hashrate support.
16  Bitcoin / Bitcoin Discussion / Re: What is happening August 1? on: June 19, 2017, 03:20:33 PM
BIP 148 will happen. It is a uasf or user activate soft fork. It is not 100% that the chain will split, but if not enough miners signal support, the chain will split. It is advised that  you move your bitcoins into a safe wallet; a wallet that  you control your the private keys. If you leave your coins in the exchange, if ever there is a split,  there is a possibility you will not get the other coin.
But is it true that will have bitcoin classic or is this a joke?

"Bitcoin Classic" is just a name we're using to refer to the original Bitcoin (the one we're using now).

People who say that are pretty much assuming that the BIP 148 chain will be relevant, and that if it is it will be listed as the main Bitcoin.  Whether that's true mainly depends on exchanges and merchants.

I suppose the comparison comes from Ethereum and Ethereum Classic.

Quote from: electronicash
i thought its just BU but there's also bitcoin classic?
Bitcoin Unlimited has not happened.
17  Bitcoin / Bitcoin Discussion / Re: Is there a way to reduce tx sizes? on: June 19, 2017, 02:49:00 PM
best thing is.. im guessing u do alot of sigcampaigns.. so instead of taking a daily /weekly withdrawal.. let your balance pile up and take a fortnightly/monthly withdrawal

(wording it in fiat terms to dismiss petty knitpick of random use of satoshi amounts which meanders away from the concept discussion)

EG if you make $1 a day stop asking for $1 a day and instead ask for $28 every 4 weeks

then when you get it ull have one unspend output of $28 instead of 28 outputs of $1..
to then use as a single input when you want to spend it

No I'm not doing a lot of signature campaigns mate. I just make a lot of transactions from 20-500$ and I'd like to find an efficient way to spend my money without paying huge fees. I know about the rush hours and I'm not always in the position to wait and send the tx later.
Simply put, I noticed that some tx's of big value have a smaller size than smaller value tx's. So logically there should be a way to merge the coins somehow in order to minimize the fees in general.

@ralle14, I've done almost the same thing, I did spread 5BTC in sites with 2fa and a decent history, they somehow manage to keep their tx's in low size but I keep the rest in trezor.

@ranochigo, my question is about their size in kb, how it's gained or lost and how (and if) we can take advantage of it somehow.
You can reduce it by having less inputs.

Think of it in fiat terms - you accept fifty coins and spend them in a shop instead of spending one.  It's a hell of a lot harder to spend that money.  The same applies in Bitcoin - the more inputs you have in your transaction, the higher the size of the transaction will be and vice versa.

So ideally you'd only accept large amounts less regularly, rather than small amounts regularly.
18  Economy / Service Discussion / Re: which exchange has better bitcoin withdrawal fees? on: June 18, 2017, 05:14:15 PM
If I'm remembering correctly, Poloniex still has a withdrawal fee of 0.0001.

Still, I wouldn't trust them to send a transaction in a timely fashion at all considering all the complaints of delays recently.

I say just suck it up and use Bittrex.  Their fee is 0.001, and it's not too bad when you're using normal amounts.

You are absolutely correct when you said that poloniex have a withdrawal fees of 0.0001 btc because that is exactly what they charge for their withdrawal process but you are wrong with the assumption of delayed transactions because they are fast and better with most exchange that charges a higher fees.

I withdrew my btc from them today without any problem.
Last time I tried a withdrawal from Poloniex, it took a solid six hours.  All withdrawals I've ever done with Bittrex have happened within five minutes of me authorising the withdrawal via email, only waiting for as long as it takes to get several withdrawals into a batch transaction - all exchanges' withdrawals should be automated, and delayed withdrawals are a terrible sign of what they could be doing with the coins.

Regardless, at no point should we be ignoring the concerns of other people.  There have been several complaints of slow withdrawals from Poloniex recently, especially from those taking out large amounts.

The customer service of all of these services are terrible, but in that kind of situation you choose an exchange that actually works.
19  Economy / Service Discussion / Re: Money Using Facebook *Payment Proof *No Startup Cost (For Everyone) on: June 18, 2017, 04:37:23 PM
Honestly I'm skeptical.  It gives a lot of big names like FOX but doesn't actually link to the articles where they were mentioned.

It also claims to work with advertisers like Samsung, but it doesn't prove that either.  You'd think that they would at least have a decent website if they were that kind of company.
20  Bitcoin / Mining speculation / Re: Bit coin mining on: June 18, 2017, 01:16:37 PM
Not really a useful question.  Bitcoin mining in the long term will always end up being just about profitable, depending on your electricity and conditions as well as the hardware you buy (and whether the price has just shot up loads, in which case the difficulty takes a while to catch up and vice versa).

It's worth it if you can afford to buy several ASICs and a good place to keep them, and you can handle maintaining them for a couple years.  Otherwise, not really.

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