So how much in fees do all the exchanges take? GDAX takes 25 to 100 basis points and volume seems pretty high. Comparing it to poker, when people are just moving coins back and forth is the exchange just sucking a lot of money out of the economy? The vast majority of bitcoin is used in speculative trading which are going to incur fees every time.

It's kind of fun to watch the exchange: https://www.gdax.com/trade/BTC-USD

I'd say take this amount and make it even smaller, so that you don't obsess or even pay close attention to the markets and avoid fancy play syndrome. That was my accidental strategy for holding through 2017 before I started trading.

Under $8,000 overnight. So much for that technical analysis that locked in $8,400 as a support base.

Stats on the amount of google searches for bitcoin is interesting, pretty sharp drop. Tricky part is if "getting rich" isn't the main driver of value anymore, it's going to be a tall task to avoid the price slowly just eroding away here. Not the furious drop from earlier in the year, but this sort of step down the ladder to low 4 digits. I'd actually think that slow price erosion might be the worst case over a huge sudden crash that's bought up.

Yes, I think this is true. What coins are considered “buried with Satoshi” would be noticed if they are ever activated. Similarly, the Mt Gox coins will be closely watched going forward.

It’s as if all the gold in the fed reserve was barcoded and tracked, and the gold traders would finally know if the market is manipulated by the fed.

So, with the analogy of Bitcoin as digital gold, then Bitcoin has this as both an advantage and a pitfall.

If true anonymity were implemented in Bitcoin as in some alt coins, this might no longer be the case.

IIRC Satoshi went dark immediately after Gavin Andresen attended CIA headquarters for an 'interview'.



I doubt he's dead. He's probably an extremely talented, accomplished, financially secure individual who loves his current lifestyle, values his freedom and doesn't care about fame.

It's deja-vu all over again. The late 2013 peak was followed by loss of interest and a slowly declining price for all of 2014, finally bottoming in early 2015.

Agree. I'd much rather BTFD if it hits $5k tomorrow than if it erodes to that price level over 6-12 months

https://www.tradingview.com/chart/BT...mpared-to-BTC/

Does anyone know the answer to this? I was told that its the date of the fork. However, how does that make sense assuming say you never even claimed bitcoin cash or gold? Obviously if you claimed it and then sold it, then thats simple to calculate for how much profit you make. Its just the what price did you acquire it at and sell that is confusing since what price did you acquire it at? Because to me, the only thing that would make sense would be if you claimed it. Because if someone doesn't even bother claiming say their bitcoin gold, then what happens there?


Also so is everyone suppose to use the actual issue date of bitcoin cash and gold price? If thats the case, isn't everyone using the same price acquired for both bitcoin cash and gold? But it shows October 24 as the day for bitcoin gold but if you look at the opening and closing... opening was over 300 dollars etc. There is very few people if any that claimed bitcoin gold that day and if they did, they got it when it was in the mid 100s etc. And of course many people i read got scammed because of fake wallets for claiming their bitcoin gold


So is there a definitely answer on this? Someone here says its when it was acquired. But was it the day it was given to everyone? Or the date we the user actually went and claimed it? Because unless you put it in an exchange, you have to go through a process to claim it. I heard bitcoin cash is not that hard to claim but bitcoin gold is very complicated.

Claiming a fork, what does that mean? Hearing from a friend that you have received some fork coins? Watching your new fork coins from the block explorer for the first time? Making a first tx with your fork coins? Really, there is no such thing as claiming a fork. You are in possession of the fork coins the second the mainnet goes live if you have the corresponding BTC private key.

Who gives a **** its a $66 **** coin.

Hey guys, remember when I encouraged you all to buy Polymath at $1.30ish... well yeah... not doing so well right now. However, it may be a steal at $0.58 now.

I've stopped trying to predict the madness of this market. I've also withdrawn my time a bit from the crypto space as I think some others probably have as well.

I've already made my decisions of what to do. Looking up stuff about certain coins can be quite a time waster since it doesn't really change anything. I have channeled most of that time/energy focusing on my future now.

I'm shocked

Lol

Shocking a ****coin tanked

So LN gets released and BTrash doesn't care. Bcasher's think LN isn't viable or what? I thought this would be a big threat to them. Am I wrong in the assumption that bcash will be worthless if bitcoin solves its scaling woes?

Well, that is the line in the sand for sure. Btrash is banking on low fees and fast transactions. But that is just a slower Paypal.

Same. I thought so too. Don't get it. After BTC implements LN, what use is Bcash? Segwit already helping things out, mempool is fine, fees are low, transfers speeds are ok.

Even LTC, if BTC can do things and worth more, doesn't it make others obsolete?

How does other coins survive? Like Bcash?
Really do not understand.

If LN turns out to be a good practical solution, I agree, the alts with no redeeming features like LTC and BCash should die. It's not as simple as flipping a switch though.

If reddit is any indicator, few understand what the LN is, how it works, and its strengths/weaknesses. Plenty of anti LN posts on /r btc, but thats no surprise, but its hard to know who the hell knows what they are talking about since opinions range from game changing to fluffware. Seems its next to impossible to get an unbiased opinion.

I suppose when/if fees go down to bcc levels then the bcashers wont have anything positive to say, but as of now even with super low btc fees at the moment they can still argue that bitcoin has 20x the fee that bcc does.

Also, someone posted about bcash going private in the future. So maybe bcash loses the bitcoin fight, but they can just transition to a privacy coin and go mouth breathe it off vs the privacy coiners.

True story, bitcoin gold still around.

You are assuming people want to transact on the lightning network and as a result take load off the main chain. If that doesn't happen then bitcoin lost his 'wait for lightning network' argument that has been used for years when transaction volumes were high.

Depends mostly on exchanges anyway. If exchanges use lightning it will be a smash hit if not it won't be that useful.

If LN is so quick and has a massive capacity, what is the advantage of even using the main chain? I mean as for the end game, assuming LN works and people use it.

Security and traceability.