read this: https://bitcointalk.org/index.php?topic=1631151.0there is no "best wallet" they are different wallets, each being different. you need to figure out which one is more suitable to your needs. for example many users go for light wallets (SPV) because they don't download the whole blockchain and use less internet traffic and your hard disk.(30+ MB) but also many want the privacy and security of a full node so they go with a full node and end up downloading the whole blockchain (100+ GB) |
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i am watching the market almost all the time and when i don't i come back and watch the charts, it was a fast rise but it was small in bitcoin standards for rises/falls.
i hope we can get out of this damn range faster but i am afraid (like the past 2-3 years) this is going to last long and then slowly rise.
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1) learn about wallet security, cold storage and how you can store your bitcoins the safest way possible.
2) know that in the past many exchanges have been hacked and it may happen again. act accordingly.
3) very important since many forget this: find out about tax laws in your country, you may encounter serious troubles. specially if you are dealing with large amounts such as 30BTC (27K USD) every day.
4) exchanges my above comment suggested are good. also look at kraken.
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Trading is truly unpredictable, because the price movement happens without any form of prior change effect. On basis of this the profit margins cannot be predicted.
yes trading is unpredictable for those people who do not have any experience in trading. but there are so many people who have good experience in trading and they can really predict in trading so perfectly. therefore i will like to say that trading is predictable and it wrong to say that trading is unpredictable job. Predictable? Are you sure on those words? Please do tell me of the name of the perfect trader you know since you mentioned that trading is predictable and i bet you wont able to do that since theres no perfect trader because if you mean perfect they could make 100% success trades which is not really possible on doing trading because of unpredictable market or coin movement. no one is perfect in this world that is for sure, but i think there are so many experienced people in this world who can give perfect prediction about trading, it is not necesoory that his 100% prediction will be perfect but still mostly their prediction proves as correct. i think these people have good experience in trading they all the time study about trading and so their prediction proves as correct. there is no perfect speculation but i agree with what you said. if things were all unpredictable and as bad as new traders think, nobody would have made any profit in this market. there are so many giants in trading world that are doing this for a living and making millions of dollars from this job. so it is possible. |
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...at least it's realistic now. ...
this is the most important part of it all in my opinion. right now the volume they are reporting has dropped down so much it is the same as other exchanges we are all using. and this in the long run will put a stop to FUDsters using higher fake volume of Chinese to say they are controlling bitcoin. |
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Poloniex is the way
poloniex does not have fiat markets and it is only used for altcoin trading. to OP take a look at Kraken exchange, they are good. |
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but imagine it this way. instead of 100 addresses sending out and respending every 10 minutes. they have to wait an hour.
imagine if they tried to respend right at that 6th block. the next maturity is 2 hours..
where as everyone else that only spends once or twice a day, or week or month never gets maturity locked out, because it matures before they need to respend. but know they can respend because the waiting time is AFTER confirm.. thus they know they have been paid. instead of the current setup that delays due to spam leave them waiting before confirm and unsure if they will be even paid..
thus ethical people can spend when they want and malicious people are ending up having to wait.. and its all done by code rules.. not 'fees'
the problem is that they are not using "100" not even "1000" addresses. it goes so much deeper than that. here is the last time this happened: https://bitcointalk.org/index.php?action=profile;u=553487;sa=showPoststhis is the tip of the iceberg and there are about 820 keys there used in the spam attack, each address containing lots of transactions (about 10K to 40K outputs) to spend. and this is only the private keys they released to fool others into making transactions with the inputs and join in the attack. they also had other addresses which were sending out transactions on a massive scale. |
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this kind of thing could be mitigated by having transactions have a 1-6 block maturity after confirm. instead of using 'economics' to cost people out of utility.
not gonna help because they are not spamming with 1 address or with small amount of funds. they have always used hundreds of addresses (both when it was 10K satoshi with 10K fee and now as you can see in that address) and they have a large amount of funding. and a 1 BTC can be divided up to lots of small amounts. so they wait 1-6 or whatever number of blocks and then spend it and move to next batch. 6 conf is approximately an hour and it won't matter for the spammers but will screw users. |
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attempt a double spend with a higher fee (RBF transaction),
correct me if i am wrong but in order to do a Replace By Fee transaction should the initial transaction already have the flag signaling the ability to be replaced (nSequence<0xffffffff-1)? this tx has one input with the max sequence of (0xffffffff) how do you RBF a transaction like this? |
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I know that other methods give more money but ptc doesn't require a day of work. It is not true that you gain 0.1btc for 5 days of work since I just open ads when I'm on the bus and before going to sleep. It's about 10 minutes per day and I'm just trying to know how BTC world works, of course those 0.1BTC won't make me rich
you can NOT make 0.1 bitcoin from PTC in 5 days unless you have invested 5+ bitcoin. the highest paying click right now is 0.00035m BTC which is 35 satoshi (even less than a faucet payout) and even if you click all the available ads you will only earn less than 1000 satoshi a day and five day will make you 5000 satoshi (0.00005000 BTC) |
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there are times when it's better to wait. Well, maybe the price of bitcoin will rise again in February to come. we can not rule out that, because so far, bitcoin prices remain stable, and rising slowly. if it happens continuously, it may be made a high price in the next month. keep hold
that is why you either have to be day trading bitcoin or holding bitcoin for long term. you can not be both. and if you are holding for long term then there is no point in arguing about selling or waiting, you always buy and hold until the day price goes into a frenzy and you make a huge profit. and if you are day trading then you sell and buy back every day again there is no wait. |
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Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
This thing won't happen, because bitcoin is supported by us, the users, maybe it will go down but will not crashed as it was stated by the OP seems so impossible to happen then. Bitcoin will received continual support because it gives people big amount revenue. Yes, bitcoin will not be in that value because bitcoin has many supports that makes it in high value and increasing value. The same thing with stability of the price the demand will increase so the value will increase too, stability is not applicable in the currencies. that is only true to some extent. because currencies also can have stable prices. but the stability meaning changes. right now for bitcoin stability can mean the price goes up or down less than $50 but in any other currency it means changing 0.1 in time this $50 will go down to $1 and lower and becomes as stable as any other currency |
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Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?
if the past couple of years it has been proven that price of bitcoin is on the rise and whenever it goes down, it is just a dip because traders sell for profit short term and it is there to make a good opportunity for people to buy cheaper coins at the bottom and continue rising. and right now we are after the dip which means there is not much reason for another one since everyone who mattered has accumulated cheap coins. |
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I've never had a problem with them from buying with them through the years and don't really see the source of all the hate for the company. Could anyone go ahead and provide some insight into why people hate it?
Thanks.
because they are mostly known as a wallet. and when we are talking about bitcoin a web wallet specially one that is like coinbase is mostly against what bitcoin is supposed to be. coinbase is like a bank mostly rather than a bitcoin wallet or even an exchange. you provide them with all your documents and you still have no access to your private keys so you don't control bitcoin. |
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things are getting pretty interesting in Chinese markets. the fake volumes are fading away, the zero fee seems to be no more an option on the 3 major exchanges out there and so far there was a pretty significant drop in the volume.
i don't think it can affect the price, but instead it will affect the swings, which means it will make the swings smaller.
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i mainly agree on altcoins being a testing ground for newer features. you can not easily change bitcoin because reaching consensus among millions of people who are using bitcoin is hard.
but in an altcoin that only a couple of users using it or even new coins with new features is easy and a good thing to see new features on.
although these days altcoin word means pump and dump but if we can see one among hundreds that comes a bit close to this goal i think we can win.
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the problem with this question and why we keep seeing it is that because people are too lazy to study. i mean there are limitless resources on the internet, the only thing anyone has to do is to search for
- "trading" or
- "learn how to trade" or
- "basics of trading"
- "trading for beginners"
and after reading some of these resources and spending some hours watching some videos and charts you can understand why trading is not gambling. and that is what nobody can tell you in one comment on the forum.
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Ahead of the Lunar New Year to think about how it impacts on the price of Bitcoin? According to some there are two opinions because of differences in analysis, 1. Fundamental Analysis barga said Bitcoin will continue to rise. 2. Technical analysis Bitcoin said prices will continue to decline. What is your opinion?  you are a couple of days late on your number 2 speculation, the days of FUDpeculation was last week when price was coming down from $1160. now that we are rising again from $760 bottom the number 2 speculation is complete bullshit because there is no decline. and about your main question i have to say the lunar new year just like Christmas, and other new years,... doesn't really change the price and any changes that happened from time to time are mainly coincidences. |
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https://twitter.com/cnLedger/status/823146829701259264Apparently 3 major Chinese exchanges: OKCoin, Huobi and BTCC announced charging trading fees (0.2%), effective from 24th January. This must be a result of the Government's probe that happened earlier this month, which also resulted in suspension of margin trading. i think this is because they removed their margin trading, lending and other things on the side and it was very profitable for them to do these things so they could continue the 0 fee policy but now that it is removed they have to stick to the normal ways of making money! Forgive my ignorance, so there was no fees to trade in China before?
i know for a fact that at least okcoin.cn didn't have any fees on their trades because i checked it myself, but the rest of them i have only heard they have 0 fees. |
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If china ban bitcoin and it drop, then we have a chance to buy it very cheap  i think china is one of the big support of bitcoin and they are going to ban it. lets assume for a moment that this is true. (which is not true by the way) in that case it would be the greatest news ever heard. because everyone is saying China is controlling bitcoin (again not true) and the same people say China is going to ban bitcoin. this is a paradox FUD because if they ban it means the control is lost and bitcoin becomes normal and great  |
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