That kind of transaction fee is extremely unusual.  

Based on very rough estimates, that would be a fee of BTC0.00395 at current estimates, which is 395,000 satoshi.  As bitcoinfees.21.co says, the median transaction size is 226 bytes, resulting in a fee of 67,800 satoshi with 300 satoshi/byte.

You can still get confirmations in less than a day with half of that fee, which would be about 33,900 satoshi, which is about $0.7.

You must have had a very large transaction.

The dangers are just that the exchanges that offer these services are extremely poorly regulated, and that's a much higher risk than you might think at first.

A lot of people have already been complaining about slow withdrawals and extremely suspicious "DDoS attacks" with Poloniex.  Meanwhile Bitfinex doesn't process USD withdrawals or deposits, and even Liqui.io could become questionable at any point.

Margin lending is okay but you should be extremely careful about when you take your Bitcoin on and off different exchanges.  No one should treat exchanges as a wallet, so no one should hold all their funds in exchanges for any other reasons at all.

Yes and no.  Most wallets will let you customise your fees but web wallets like Xapo are only charging you fixed fees in order to make it convenient for you to get quick confirmations.

If you paid no fee at all, your transaction would never confirm.  If you want a decent confirmation, you'll need to pay over 120 satoshi per byte, and not exactly 120 satoshi/byte as far too many people send transactions with those fees.

No one's going to buy it.  You haven't agreed to do escrow, you haven't showed any real earnings or how you received them, you haven't agreed to give out vouch copies...

The whole thread basically just screams "scam" right in our faces.

It's not like that newbie account has a reputation to upkeep which is worth more than $300.

Satoshi makes less sense than millibitcoin and microbitcoin (bits).  I can't think of any measurement at all that uses a hundred millionth of something as the relevant unit.

I'm just saying that it makes the most sense to use bits as that's the most adaptable to likely future Bitcoin prices.  If the price were $1,000,000 (unlikely, but this is the sort of point at which Bitcoin would be fully mainstream and rebranding would be 100% necessary), then 1 bit would be equal to $1 and it would be measured similarly to fiat currency.  Then you would be talking about spending 0.5 bits for example, or 50 satoshi, depending on what you were buying - the same way that you talk about fiat.

ETH is:

-Not supposed to be a currency, just a token for app development/smart contract systems
-Heavily centralised in development
-Capable of several hard forks, each of which screws with fundamental aspects of it and could change the supply, which would mean that it's not immutable as a store of value

As I pointed out earlier, it's not hard to find out more.  For investing and trading, all you need to understand is a reasonable amount of basic terminology so that you can understand discussions about fundamental analysis and news articles.

Cryptocurrencies are largely a speculative investment, and most of the cryptocurrency that people hold is not going to be spend on actual transactions.  

To a lesser extent, this even applies to Bitcoin.  Therefore it's a gold mine for chartists and "technical analysis" types.  If you're good at fiat investments and are good at trading other volatile investments like penny stocks, you'll be good at trading cryptocurrencies.

You can keep up to date with their announcements page.

The important thing about what they say is that they're having some trouble with their Taiwanese bank.

It's a reference to this thread.

The point is that if you're not really good at trading, you shouldn't try to be because you'll end up making loads of big mistakes.

Beware everyone!  This wallet looks exactly like a script of Torwallet, which this user must have obtained somehow (or perhaps he created Torwallet).  

Torwallet is known to scam you whenever you deposit more than a small amount, so this service is almost definitely a scam as well.

True.  It's not much to do with what fees you pay in total but what fees you pay per byte.

Still, it's not like everyone can expect to be paying the same amount they receive all the time.  Imagine a future reality in which you can choose to deal in Bitcoin for most things - what would happen to people like convenience store merchants who accept a lot of small payments?  They'd have to exchange their Bitcoin to fiat all the time.

It's good enough IMO.  There won't be a lot of people desperate to spend Bitcoin right there.

As long as Bitcoin-accepting merchants are pretty scarce, the Bitcoin community will look for them even if they wouldn't normally spend their money that way.  This company will still get a fair bit of business from Bitcoin holders.

It's just a way of getting a bit of extra money on top of what you had before as you get some hype in the Bitcoin world.  It's just like restaurants that get good vegetarian/vegan options.

I just had a thought:  all the time, scalpers buy thousands of tickets to gigs and stadiums and resell the tickets to fans at much higher prices.  These bastards price ordinary fans right out of their events.  The solution should be cryptographic proof.

Think of it like this: a band/artist/venue puts up their tickets to a Bitcoin based service.  Someone sends them Bitcoin.  When they get there, they show the venue a signed message from the address that they used to pay.  Suddenly, the secondary ticketing market becomes extremely complicated, and Bitcoin users don't even have to verify their actual identity with the service.

This could even apply to sports as well.

Any thoughts on this?  I'm not a real developer so I have no idea on the details.

YoBit probably isn't solvent, due to their super slow withdrawals and failures for any significant amount of Bitcoin.

Here's what I think YoBit is doing (sort of a Ponzi scheme but not quite):

-They take funds from Invest Box, their dice game, their support from ICO scams etc and use it to pay off customers.
-They build legitimacy from this - people believe that they are fully solvent and begin depositing more money into both their exchange and Invest Box.
-Scam.

The idea of a bot is an attempt to do technical analysis and earn profit from the market.  If everyone ran a bot with similar parameters at the same time, there would be absolutely no point in having a bot at all because all the profits always even out to zero, except for the fees that go to the exchange.

The only reason exchanges allow bots at all is because of the fees they get from switching between currencies.  Overall, therefore, the profits would result in a very significant negative number.

Coinmarketcap shows that the trading volume in March was basically $1-100 at most per day, and then it died altogether.  There are currently no active markets - it would appear that this coin is 100% dead.

Sorry, but it looks like you're not getting any Bitcoin.  Good luck.

Blockchain.info has tried, along with some other sites.

However, many coins are lost as well.  There's a thread which attempts to count all of the known lost coins - last time I checked there was around 130,000 on there.  However, the actual number is likely to be much more, since Bitcoins were practically worth nothing when it first started.

Fortunately, lost coins are sort of limited by the market, since losing coins lowers the supply, thus pushing up the price and making each person own less coins to lose in the long run (and/or making them more careful with their coins).

Yeah, well I was sort of assuming that you wanted to do transactions regularly.

Paper wallets are always going to be the best for security as you ideally don't want any connection to the digital world except when you need to take your Bitcoin out to a secondary wallet, but if all you want is a way to feel secure while spending, a TREZOR is a better choice IMO.

The ideal thing to rebrand Bitcoin to is bits.  That kind of rebranding would only be necessary if Bitcoin was a mainstream currency, which it can be if it's scaled properly as it would then be more convenient than fiat.

The reason that it should be bits is because a price of $1,000,000 would mean that 1 bit = 1 dollar.  It's very unlikely that the price would reach any higher than that, and if it was lower it would still be easy to pay with bits - say that the price was $10,000, then the price of a bit would be $100.

Even if the price was higher than that it would be fine - many countries don't split their currency into different parts like dollars and cents, like the Czech Republic, where 1 krona is worth about $0.03-0.04.

Actually, it shouldn't be hard.  Most people leave a will where they tell people what they're going to give away and to whom.

All that you have to do is explain in a digital will or something exactly what Bitcoin is, why it's valuable, and where to find your paper wallet.

I would keep savings in a paper wallet stored in a safe underground or somewhere else hidden and completely under my control, so that my family members could access it as soon as I tell them where it is in my will.  You don't need them to know where your paper wallet is until you're dead.