Discussion
Mousem40 said:
Avoid using Coinbase website to send BTC out ATM (app is fine) my friend sent some BTC to another account and it's left, unconfirmed for 4 hours now. There were issues yesterday as well
Oh dear
4 hours is nothing. Many are reporting 12+ unless you increase your fee for 3 digits.Oh dear
Ted2 said:
Mousem40 said:
Avoid using Coinbase website to send BTC out ATM (app is fine) my friend sent some BTC to another account and it's left, unconfirmed for 4 hours now. There were issues yesterday as well
Oh dear
4 hours is nothing. Many are reporting 12+ unless you increase your fee for 3 digits.Oh dear
si
800 said:
800 said: I'm on 3 hours and counting, and that's via the app! Brutal.
What fee did you set? Currently 160,000 transactions in the queue and growing every second (was 140k only 4 hours ago).And lol at your butchered username in the quote
.g4ry13 said:
Another thing which puts me off is I don't have a clue about who is behind these sites. I often feel uncomfortable about posting up documents with my ID to reputable sites. With these Exchanges it's a whole different matter!
My theory with selling these coins if you're holding it for the long term is that there will be a lot more options for buying / selling them provided that there is still demand for crypto. Today I noticed that Kraken charge £10 when you deposit money and a fee of £60 to withdraw!
I ended up buying ETH from bittylicious who are based in London and I was impressed with their service. I sent a proof of id and address as without them the buying limit was ridiculously low. This way when the times comes to sell, I won't have to go through the whole id verification phase either.My theory with selling these coins if you're holding it for the long term is that there will be a lot more options for buying / selling them provided that there is still demand for crypto. Today I noticed that Kraken charge £10 when you deposit money and a fee of £60 to withdraw!
I've invested in OMG which looks promising and is one to hold on to for the long term.
Ted2 said:
What fee did you set? Currently 160,000 transactions in the queue and growing every second (was 140k only 4 hours ago).
And lol at your butchered username in the quote .
the thing is in a funny way people don't actually use it to move money massively, like ive post it peaked around 300k txs daily 2016 hasn't really increased much, it is used as a medium more than a tx. Ripple has about 30 million txs a day, so people use that to move value around. Makes btc look pretty sAnd lol at your butchered username in the quote
.t really, but people don't buy btc for fast txs.Ted2 said:
si800 said:
800 said: I'm on 3 hours and counting, and that's via the app! Brutal.
What fee did you set? Currently 160,000 transactions in the queue and growing every second (was 140k only 4 hours ago).And lol at your butchered username in the quote
.
I've only noticed it doing it lately!Transaction just went through, circa 14 hours
Currently 166 000 pending
x5x3 said:
The Spruce goose said:
hes an investor in btc and other coins, basically he has a lot of followers in what he does, but i don't think he is is the reason for btc price drop.
he dumped 45K BTC yesterdayWindyCommon said:
Who is Roger Ver, and how might he be connected to the volatility of BTC during the last few days?
He's the leading proponent of Bitcoin Cash and as such supports big blocks on the main chain. He has a long history with the business investment side of Bitcoin (as opposed to the software development side) and supported various business initiatives over the years with money he first got when he built a profitable computer memory chip trading company. His recent attempt to move the markets most certainly had a major effect, but it isn't long lasting.Hello all you bitcoin millionaires and billionaires! That's what you are, right?
Newby question here:
Is Bitcoin trying to be a currency, or an asset?
Reason I ask is, I see "Botcoin's market capitalization is xxx billion". Currencies are not normally measured in market capitalization, only assets are. What gives?
One of the major benefits of Bitcoin, as I understand it, is that "There is no central control, therefore it is safer than fiat currency."
How is it safer when the price is so volatile? If the US dollar went up and down by 20% in the blink of an eye, it would pretty soon cease to be thought of as safe. How is Bitcoin a safe store of value (an essential component of a currency) with that level of volatility?
In short, is it an alternative currency, or is it an investment?
Newby question here:
Is Bitcoin trying to be a currency, or an asset?
Reason I ask is, I see "Botcoin's market capitalization is xxx billion". Currencies are not normally measured in market capitalization, only assets are. What gives?
One of the major benefits of Bitcoin, as I understand it, is that "There is no central control, therefore it is safer than fiat currency."
How is it safer when the price is so volatile? If the US dollar went up and down by 20% in the blink of an eye, it would pretty soon cease to be thought of as safe. How is Bitcoin a safe store of value (an essential component of a currency) with that level of volatility?
In short, is it an alternative currency, or is it an investment?
Gassing Station | Finance | Top of Page | What's New | My Stuff