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1  Economy / Speculation / Re: Bitcoin to $100k in 2021 on: November 13, 2020, 07:05:25 PM
I created a new channel recently and wanted to share my 6th produced video exploring us reaching $100k in 2021, which is almost a certainty within the next 2-3 years.

A good insight into what may happen in the bitcoin market within 2-3 years, appreciate it.
it would be better if you can share more like your video summary for people who don't want to watch the full video.

$100k in July 2021 seems too confident due to some reasons as we know how bitcoin has been volatile for many years, as traders will sell out whenever bitcoin reaches a higher price point, the possibilities change depending on how much the price would drop at the time bitcoin reaches the $20k and $30k mark. Imagine if institutional-investors planning to sell bitcoin at $30k, the price may crash to below $10k if the market following the fud. in this case, the best price we can expect in 2021 probably $50k, for the next step, how about $17k in two days?
2  Bitcoin / Bitcoin Discussion / Re: Fees high on: November 12, 2020, 01:58:34 PM
Fees are still high.  I don’t think bitcoin is only for early miners who have a lot of bitcoins, and for rich people’s who have a lot of money they both can pay as High fees he wants. We have to focus on whole users wich don’t have *million of bitcoins and can’t handle such a high fees.
Correct, When i gonna go to make a $100 transaction, i can see $11 is transaction fee  Roll Eyes. I Don't know is it possible to reduced fee. Hope bitcoin fee will reduced.

It's not always like this. I sent bitcoin yesterday with just 5 sats/byte, $0,6 fee for a $100 transaction, I could have paid with just 1 sats/byte yesterday but it will take longer to be confirmed. At the current mempool, you can pay a fee of around 15 sats/byte and still be confirmed within an hour.
Do you know that $11 is an overestimated fee by default? you can always set manual fees depending on what kind of wallet do you use (personal/private wallet), but if you want to transact through exchanges, there is no option to set a manual fee.
check https://mempool.space/ for reference how much fees to pay and how long it takes to be confirmed.
3  Economy / Web Wallets / Re: Exaggerated Fee on blockchain ($134) on: November 11, 2020, 09:55:15 PM
-snip- From what I can tell is that they either grab it from another source or calculate it from the last few blocks with priority on the last block.
Is it about blockchain.com?
Yes? Their fee rate is based on their own api, you can check it in action here: https://api.blockchain.info/mempool/fees
Those are the same result that the "send" window will show you for 'regular' and 'priority' fee rates.

And the priority fee (even regular) is indeed an overestimation.

The estimated fee for electrum right now is 62 sats/byte although less than 6K unconfirmed transactions on the mempool.
Look at the mempool, 95% of them set the fee at 1-6 sats/byte and 2% pay 109-114 sats/byte, most likely wallet's automated fee.
The way of the wallet's suggesting a suitable fee based on fee market conditions, if all the transactions pay the same amount, the wallet should be able to adjust to cheaper fees, but if there are some people who pay higher fees, then the wallet's API will calculate overestimate fees based on 'min-max-regular-priority'.
4  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a world power? on: November 11, 2020, 07:18:21 PM
The current world power will not allow bitcoin to become something more than it is now. But it would be interesting to see what happened then.

Anything can happen in the next 10-20 years, who knows about bitcoin at that time, as Satoshi said about bitcoin in 2010; in 20 years there will either be very large transaction volume or no volume. we will find out in 2030.

Not all governments are agreed to ban bitcoin or legalize bitcoin, like in Japan.
If what he meant was bitcoin as the currency that will dominate the world upon traditional fiat currency, it depends on people's choice.
Even if the government ban bitcoin, we can still use it by using a VPN to access overseas exchanges, yet bitcoin still can't accommodate a global scale at one time.


5  Economy / Speculation / Re: Will Bitcoin break its previous ATH record of 20K before end of 2020? on: November 10, 2020, 06:11:26 PM
History always repeats itself but you never know when it does. The Bitcoin made all time high record back in 2017, the track record of BTC is that every three years it breaks it ATH record.


The analysts have mentioned about the bitcoin price after the halving, and yes it is possible that a bull run and hit the 20k ATH is possible.  almost the same cycle as last 2017.  Also I hope Altcoin will move up together. Im sure, many trader prefer to waiting for Alt seasson.

Bitcoin halving ensures the continuous and health of bitcoins network, the cycle that always repeated after the halving is bitcoin reaches a new ATH. The last bitcoin ATH was $20,089 on December 17th, 2017 which means 36 days remaining until then, well the chances are quite remarkable to get at that mark. Nonetheless, bitcoin seems embedded in a sideways pattern in the last 3 days, considering RSI slightly above 50, it's neutral. At this point, this means could be a retrace back to ~$14K levels or the bullish pattern back in action again to break $16K resistance.

6  Economy / Trading Discussion / Re: What do you really need in your trading? on: November 10, 2020, 03:03:40 PM
1st reason : they only give a Long or Short signal but do not provide the price to order.
2nd reason : Their signal is not clear so traders can consult carefully before ordering.  I mean Tradwra does not give technical analysis signals to users.
3rd: Tradwra also does not guarantee the safety of traders and also has no insurance package for them.
So I think that Tradwra is not a reputable signal channel and the risk will be very high for traders if they use Tradwra signals.
** I only express my opinion and have no intention of criticizing Tradwra. Thanks Wink


The point is people have to pay 0.03 ETH/month to subscribe but there is no guarantee and his disclaimer; we do not do any advice, use at your own risk.
Look at the signals, from 28 (2020-11-04 13:33:00) to 20 (2020-11-06 01:14:00), you'll know that his signal are; sell, sell, sell, always sell when the best thing to do is buying at low and sell at high.
If someone bought BTC1 in 2020-11-04 at $13,877 and sold it in 2020-11-06 at $15,945 which mean the profit is $2,068 in just 2 days.
That's the moment you know his signal is nonsense and make you lose your capital and monthly subscription fee.
7  Economy / Economics / Re: What is causing last few days' run-up? on: November 10, 2020, 11:13:58 AM
it was only november but the revelation of paypal are just last month  . you call that long enough ? long supposed to be a year or over than than but payal is different . when we say paypal joins crypto , that wasnt just a hype that can die for some time but the effect is stapled .
...

PayPal is no doubt has a large market across the US, since they allow users to buy and sell cryptocurrency on the platform, this had the predictable effect of instilling a lot of bullish sentiment among market participants, the result was an increase in the price of bitcoin from $11K to $13K and currently above $15K. Furthermore, it's not over yet, bitcoin should rise even higher when Paypal users will be able to shop at the 26 million merchants on its network using cryptocurrency in 2021.
Moreover, PayPal is exploring acquisitions of cryptocurrency companies. Nevertheless, it's not only PayPal which greatly affect the market, but the adoption from institutional investors that have been revealed purchasing bitcoin every quarter of 2020, not only in trust form but many investors accumulating physical bitcoin as well.
8  Bitcoin / Bitcoin Discussion / Re: Mempool is clean after 2 weeks on: November 10, 2020, 07:39:31 AM
A good time to make transactions in and out of exchanges at this moment before the storm comes.
The number of unconfirmed transactions on the mempool directly proportional to the market condition and bitcoin price.
it won't last long until the next bull run takes place and the price suddenly increases break the resistance level at $16K, which causes the mempool will be flooded again, consequently require higher fees and a longer time to get confirmed.
9  Bitcoin / Bitcoin Discussion / Re: How to Increase Bitcoin adoption on: December 09, 2019, 02:57:35 AM
so I take $1000 from my bank account to buy bitcoin, guess what amount of bitcoin i get in my bitcoin wallet? I get  $800 in bitcoin. That means I lose $200 because of the fees.

Where did you get $200 fees, which exchange apply such high fees to buy bitcoin, 20% fee?
Most of the exchanges doesn’t charge for deposits of fiat currency made by bank transfer. if there are fees then it would be less than 3%, except  if you use a credit or debit card to buy Bitcoin, the fees will be higher up to 3-5%.

There are many people who have bitcoin even not a miner still want to use bitcoin for the daily transaction instead of using fiat cash although it's not so attractive and faster. For bitcoiners, using bitcoin at least one time in your life to purchase something is a joy in the heart.
10  Economy / Collectibles / Re: [DAILY FREE RAFFLE]400th ฿ECAUSE I AM STILL IN A GOOD MOOD FREE PHYSICAL ฿ITCOIN on: November 09, 2019, 09:26:00 AM
85 - Rahar02   Cool
11  Economy / Speculation / Re: Q4 -Quarter 4 speculation thread, where will 2019 end, join the LIST on: October 06, 2019, 01:18:56 PM
Bitcoin price is going to go bullish after Bakkt futures launched due to the physical delivery bitcoin, even institutional investors can manage their assets to buy the contract, it's a game-changer.
Bitcoin price will fluctuate within $11K-$10K and hit $10,155 by the end of the year 00.00 CET
12  Economy / Service Announcements / Re: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented on: September 29, 2019, 12:38:31 PM
onion site not working all day  Angry but clearnet link url=https://chip*ixer.co/]https://chipmixer.com/[/url works sometimes. Your site under a DDoS attack?

wait for another 100 years before try to fool people here, LoL
He tried to replace .com to 》》 .co
13  Economy / Service Announcements / Re: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented on: September 29, 2019, 05:32:36 AM
Everything ok on chipmixer.com? I got 502 Bad Gateway
or "this site can't be reached,  chipmixer.com took too long to respond"
14  Economy / Speculation / Re: Whose to blame for this dump? on: November 20, 2018, 08:57:05 AM
Dare I ask where you think the next destination is?  Huh

The bottom isn't here yet, bitcoin actually heading to $3000, probably.
According to bitcoin momentum predictions technical analysis the way the market behaves. Look at the daily transactions of bitcoin that are happening on chain as a way to measure it.
Early bear phase mean daily transactions value have dropped right down to around 100K per btc that is moved every day on chain. Late bear phase is when the daily transactions values are rising to 250K bitcoin per day.

Who's to blame?
Blame to all of the people who following the market sentiment to panic sell. There are two group of people, short-term traders and long-term holders. Short-term traders aim for profits in panic sell market, have sold at $8K and buy back at the bottom, they can make more than 100% profits.
15  Economy / Speculation / Re: Q4 prediction for Bitcoin? Time to buy now? on: November 08, 2018, 12:11:45 PM
Hmm, one third of the Q4 now behind us and price is still stable at around $6400
If there's no bull run soon, then it might not happen this year.

If there was to be one I think we would've seen some signs of life in October. Since there were effectively none then we're staying in comaville. Early next year is the hump we now need to get past unscathed as that's often not much fun.

As the 3 charts aforementioned, clearly show that the rise was starting in October and here we are in November but the price of Bitcoin remains the same, at $6473 on CMC, barely change at the end of the day.
Most of the cryptocurrencies are much below the last ATH, following bitcoin price, if somehow Bitcoin gains more acceptance and development, we may see it start to climb up again. Let's see what December brings to bitcoin market.
16  Bitcoin / Bitcoin Discussion / Re: Quality discussion on: November 08, 2018, 03:02:08 AM
but it sure does contribute it's own fair share of financial freedom and makes the rich richer and the poor,rich
I don't agree with you on this. Even if I'm rich,have money but I don't believe in the technology then it's still useless and when it comes to the poor that you are referring from, they don't have any interest in investing into crypto for they prefer to use their money to meet their basic needs.

This technology is built as an alternative to a corrupt centralized system of currency that we currently have not as an investment vehicle.

Frankly speaking, the only people who can benefit to this technology are those people who has the knowledge and willing to take risks whether you're rich or poor.

Correct, if we're referring to poor people in 3rd world countries who barely meet their daily needs, how could they have the knowledge to access bitcoin or even afford to buy bitcoin? if they don't have smartphones, personal computer or mac? Depends on our perspective on "poor" obviously. But here the definition from oxforddictionaries:
Poor = Lacking sufficient money to live at a standard considered comfortable or normal in a society. ex: ‘they were too poor to afford a telephone’.
Except for middle and upper-class society who have access to all the resource or adequate to get bitcoin whether in 3rd world countries or developing countries.
But for now, we can say developed countries such as US, UK, Europe, Japan, South Korea leading the market and have the most trading volume that the bitcoin has had more of an impact, they can easily access the market, have the resources, wealth and knowledge more than 2 other groups.
17  Economy / Marketplace / Re: $1000 to spare each month, how would you invest it? on: November 06, 2018, 11:57:58 PM
Since you have emergency cash, I will recommend dividing the fund into some investments, like 30% - 30 % - 40%. Buy 2-5 coins on the top-ten list such as eth, xmr, ltc, bch and obviously bitcoin. These coins expected to follow bitcoin whenever it rises. Then, invest in gold, just buy several grams every month for long-term saving which is better than saving fiat currency in the bank accounts.
18  Bitcoin / Press / Re: [2018-11-06] First cryptocurrency exchange to officially open in Dubai on: November 06, 2018, 05:10:19 PM
Another big market for the cryptocurrency, although there are some crypto exchanges on UAE continent such as Palmex and Bitoasis, don't know the fact that none of those established in Dubai. Well, at least there is an exchange officially registered which welcomed by the government in the UAE.
The name is really awesome "Crypto Bulls exchange", moreover the aim to encourage UAE to become crypto heaven hopefully can be achieved referring to their plan about “Emirates Blockchain Strategy 2021” to have at least 50% of all government transactions on the blockchain by 2021.
19  Bitcoin / Bitcoin Discussion / Re: centralize money vs. decetralized money (bitcoin) on: November 06, 2018, 01:03:38 PM
centralize money = biggest fraud in the world but most people don't get it, the value of fiat money decreased over time.
decentralized money = better than fiat currency obviously, there are several shortages though, especially in terms of acceptance and massive adoption.
20  Bitcoin / Press / Re: [2018-10-31]China Ready for Cryptos, Circulation & Transaction of Bitcoin is Leg on: November 01, 2018, 05:29:37 PM
Another worthless news created by a second hand news source.
For people who really fact finds the news the already know by now that China isn't really a strict country when it comes to cryptocurrency.

The only one creating the wrong impression is because of these kinds of news sources creating junk content.

This is just a minor court ruling with precedent but it didn't stop their local businesses on accepting cryptos as mode of payment in their country, the court maybe just proceeded with the sessions in order of formality
.

Did you read the news? I can see contradictory on your statement.
Judge it as worthless and junk content but stated China isn't a strict country regarding cryptocurrency and local businesses still accepting crypto as a payment method.
That exactly the article mentioned about merchants in China can legitimately accept digital currency as a method of payment according to a report by CnLedger.
"The Shenzhen Court of International Arbitration legally deemed Bitcoin (BTC) as property, permitting users and businesses to own and transfer BTC without being in conflict with extant financial regulations."

Well, doesn't mean PBOC will just accept it as they want to strengthen regulatory supervision towards digital currency, only time will tell, let's see what will happen later.
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