Richy_T
Legendary
Online
Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 23, 2021, 05:18:17 AM |
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Oh, I didn't know that. All I know is almost all my segwit transactions cost less in fees compared to legacy transactions.
Yep. The part which was cut off for Segwit transactions is charged at 1/4 the rate of other bytes (this is also something not set by the miners by the way) but separating the signature like that costs some extra bytes.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Richy_T
Legendary
Online
Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 23, 2021, 05:24:53 AM |
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necessarily small.
Please show your working. Also please explain how "necessarily small" has been updated to include up to 4MB of segwit data (while only apparently managing 0.3). This dead horse needs to be left alone.
People with weak arguments tend not to want to have to justify them. I said that fees were artificially high and I've justified my position. I'm happy to leave it there if others are.
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somac.
Legendary
Offline
Activity: 2054
Merit: 1188
Never selling
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February 23, 2021, 05:33:48 AM |
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God that is another ugly looking drop. I mean shit we are where we were 1 week ago. We're poor again
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Richy_T
Legendary
Online
Activity: 2422
Merit: 2113
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 23, 2021, 05:34:42 AM |
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God that is another ugly looking drop. I mean shit we are where we were 1 week ago. We're poor again Plans for volcano base on hold.
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somac.
Legendary
Offline
Activity: 2054
Merit: 1188
Never selling
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February 23, 2021, 06:13:52 AM |
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God that is another ugly looking drop. I mean shit we are where we were 1 week ago. We're poor again Plans for volcano base on hold. Going to have to go with plain old underwater base instead.
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nanobtc
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February 23, 2021, 06:29:42 AM Last edit: February 23, 2021, 05:20:59 PM by nanobtc |
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Before you get the volcano base or the underwater base, make sure these are in place.
Rules for Super-Villains:
1. My Legions of Terror will have helmets with clear Plexiglas visors, not face-concealing ones.
2. My ventilation ducts will be too small to crawl through.
3. My noble half-brother, whose throne I usurped will be killed, not kept anonymously imprisoned in a forgotten cell of my dungeon.
4. Shooting is not too good for my enemies.
5. My private keys will not be kept on the Mountain of Despair beyond the River of Fire guarded by the Dragons of Eternity. It will be in my cold wallets. Not your keys, not your coins.
6. I will not gloat over my enemies’ predicament before killing them.
7. When I’ve captured my adversary and he says, “Look, before you kill me, will you at least tell me what this is all about?” I’ll say, “No.” and shoot him. No, on second thought I’ll shoot him then say “No.”
8. After I kidnap the hot girlfriend of the hero, we will be married immediately in a quiet civil ceremony, not a lavish spectacle in three weeks’ time during which the final phase of my plan will be carried out.
9. I will not include a self-destruct mechanism unless absolutely necessary. If it is necessary, it will not be a large red button labeled “Danger: Do Not Push”. The big red button marked “Do Not Push” will instead trigger a spray of bullets on anyone stupid enough to disregard it. Similarly, the ON/OFF switch will not clearly be labeled as such.
10. I will not interrogate my enemies in the inner sanctum—a small hotel well outside my borders will work just as well.
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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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February 23, 2021, 08:02:49 AM |
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Rather than BUY bitcoin I'd have preferred if we could have been able to MINE bitcoin. There's a slight different to it, don't you think. Only good thing when I buy is that my crap fiat turns into btc. Still getting bitcoin via mining was another league.
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DaRude
Legendary
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Activity: 2778
Merit: 1791
In order to dump coins one must have coins
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February 23, 2021, 08:05:18 AM Merited by JayJuanGee (1) |
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Well, as I said it's best to have fiat (shitcoin) for this one. Which is why I won't do it. But, basically you buy however many BTC on the spot for current price of 55000. At the exact same time you sell a future, perhaps Sep 26th for this example, for the same number of BTC at a current price of 62700. profit equals 7,700 minus fees per coin
This can be done using CBOE and CME as well as many others, perhaps less reputable exchanges.
The risk for this trade is couter-party only and of course opportunity cost (there is no possiblity of capital gains or losses). Not your keys not your coins. Thing is it's all about levels of risk and what you are comfortable with in the end as well as your goals. Just remember nothing is risk free. Even holding your own keys is not risk free, there are roughly 4million inaccessible coins to prove that.
*Above prices are taken from Deribit.
How does this work exactly? I would love a bit more ELI5. I posted a link earlier, here it is again. https://blog.bitmex.com/how-to-arbitrage-bitcoin-futures-vs-spot/The WO sometimes must be combed thoroughly, but it usually does deliver good info - be it bitcoin or digital cameras. Or you're just halftrolling and... username checks out? I don't believe CBOE offers BTC futures anymore. And i don't see Sept futures on CME. They're not trading now but i believe June futures were trading at around 7% premium. What you're forgetting is that CME is cash settled so they won't take your BTC as collateral for margin. Thus you'd actually need to lock up 150%, 100% to hedge with real BTC and then 50% to post for margin. At 150% that would bring actual premium down from 7% to 4,7% As far as risks, you're forgetting that if BTC goes up before your settlement date you're gonna get margin called and will need to come up with more cash, or get automatically closed on a spike. Also transfer times might be an issue, you'd need to sell your BTC and transfer funds to yourself and then to your broker at settlement. Sure there are some premiums to be had if you want to tolerate the risk, just don't try to claim "140% returns with 0 risk"
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El duderino_
Legendary
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Activity: 2492
Merit: 12018
BTC + Crossfit, living life.
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February 23, 2021, 08:09:27 AM |
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HoDLsleep. Gotta shut down those lasers. Dreaming of $60k when I wake up (OK, maybe $56k).
Thought the same, don’t wake up to early bro ...
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d_eddie
Legendary
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Activity: 2478
Merit: 2895
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February 23, 2021, 08:19:22 AM |
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if im paying the fee to get into a block how is that asking others to support me? im paying my way and miners set that fee, not me. i pay to play.
If miners set the fee, we wouldn't be having this discussion. If miners "set" a $200 fee and 10,000 people were willing to pay that fee, they would not all get into the block. Thus that fee could not have been said to be set at all. It is only the artificial scarcity of the artificially limited block space that forces fees high for those that want to participate. Artificial scarcity? That's the whole thing about bitcoin, I think. Come on, let the poor horse get a worthy burial already.
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somac.
Legendary
Offline
Activity: 2054
Merit: 1188
Never selling
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February 23, 2021, 08:20:51 AM |
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Hmm, those in the US are going to wake up do another decent BTC sale. I wonder if some of Saylor's conferrence goers will take the opportunity to load up on some, just like Tesla did last last month.
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Karartma1
Legendary
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Activity: 2310
Merit: 1422
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February 23, 2021, 08:29:32 AM |
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HoDLsleep. Gotta shut down those lasers. Dreaming of $60k when I wake up (OK, maybe $56k).
Thought the same, don’t wake up to early bro ... For the first time I must admit I can't stand your hat, actually hating it.
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BTCaesar
Member
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Activity: 108
Merit: 23
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February 23, 2021, 08:33:06 AM |
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Who let’s the dogs bears out?
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BitcoinBunny
Legendary
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Activity: 1442
Merit: 2493
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February 23, 2021, 08:44:41 AM |
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Parazyd
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February 23, 2021, 08:52:04 AM |
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The bears woke up?
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LoyceV
Legendary
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Activity: 3290
Merit: 16577
Thick-Skinned Gang Leader and Golden Feather 2021
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February 23, 2021, 08:54:52 AM |
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Even Dutch media mention Elon Musk's tweet" that Bitcoin's price seems high. Let me guess: next month he'll post that he bought another billion dollars worth of Bitcoin? Why do so many people care about the opinion of a billionaire, who has different or even opposing interests than the general public?
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somac.
Legendary
Offline
Activity: 2054
Merit: 1188
Never selling
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February 23, 2021, 08:56:27 AM |
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FYI if we get a 30% correction that will put us near 40k. A 30% correction is definitely possible.
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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February 23, 2021, 09:01:24 AM |
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Guys it's Christmas, if you want to go shopping. Otherwise, like always. Hodl. 60k in 2 weeks.
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Phil_S
Legendary
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Activity: 2090
Merit: 1461
We choose to go to the moon
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I blame bitcoin twitter.
They jinxed it with laser eyes.
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Paashaas
Legendary
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Activity: 3424
Merit: 4344
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February 23, 2021, 09:02:57 AM |
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