The Bitcoin Thread

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saor said:
Be careful.
You **** up on ED you're on your own. I wouldn't suggest someone use that site who's never ventured outside of buying btc on luno.
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My first experience was buying ether on Ice3X and then ed. at first it seems clustered and confusing but once you understand that ed is an exchange and everything there is identical to other exchanges mystery is solved. I suppose the reason people are confused on ed is this:
on normal exchanges you have separate pages for your wallet and your orders. everything is grouped in different webpages but on ed your wallet, orders, order book, and their about-us page all sitting in one webpage!
most important thing is to stay safe and triple check every action before hitting that sell/buy button which applies to everything on crypto!
JUST TRIPLE CHECK EVERYTHING!
 
saor said:
Be careful.
You **** up on ED you're on your own. I wouldn't suggest someone use that site who's never ventured outside of buying btc on luno.
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It's the worst exchange I've ever used. I once participated in an ICO and tried to sell on ED, the exchange is so laggy that the order book doesn't even update, so you don't even know what orders there are. Was just watching trades go by and couldn't even sell. Never again.
 
Ooh and that! ed is full of bots and manipulators so should be very careful.
I bought RCN below ICO price on ed two weeks ago and it's in 2.5X already. that was the only place you could buy RCN up to 3 days ago! High gains come with high risks!
 
Just FYI, I've had some feedback from luno and they have assured that there is no problem with the fees. To quote the response I got:


"The way that we charge customers for the transaction fee is based on the aggregate that Luno has paid for transaction fees over a time period.


In more detail we would take the transactions that we paid over the course of a month from customer transactions. We use that aggregate fee and charge our customers based on their contribution [sat/byte]*to that fee. Customer don't get charged based on the fee of their specific transaction but rather for their contribution to the aggregate fee charged."
 
Noock said:
Just FYI, I've had some feedback from luno and they have assured that there is no problem with the fees. To quote the response I got:


"The way that we charge customers for the transaction fee is based on the aggregate that Luno has paid for transaction fees over a time period.


In more detail we would take the transactions that we paid over the course of a month from customer transactions. We use that aggregate fee and charge our customers based on their contribution [sat/byte]*to that fee. Customer don't get charged based on the fee of their specific transaction but rather for their contribution to the aggregate fee charged."
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But this sounds like you are paying the average transaction fee per sat/byte rate based on the last month's transactions. However Luno's blog states that fees vary based on traffic. Does not make sense. What am I missing?

"The fee will vary depending on the Bitcoin network traffic and will be displayed before you confirm the transaction. The Bitcoin network traffic also varies from day to day, and sometimes the necessary fee is larger or smaller (e.g. it’s often lower on weekends)."
 
Sensorei said:
But this sounds like you are paying the average transaction fee per sat/byte rate based on the last month's transactions. However Luno's blog states that fees vary based on traffic. Does not make sense. What am I missing?

"The fee will vary depending on the Bitcoin network traffic and will be displayed before you confirm the transaction. The Bitcoin network traffic also varies from day to day, and sometimes the necessary fee is larger or smaller (e.g. it’s often lower on weekends)."
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I think there is a traffic prediction algorithm based off of the last month. I haven't quite wrapped my mind around it I told them Timothy needs to update that blog post, because nobody understands exactly how the fees work.
 
PAYBACK said:
SegWit 2x has been canned , I mean “suspended”

https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html
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Optimistic so moon $7700 BitFinex

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Mooning... Thank God for luno delay... Haha.

Always amazes me to see people selling on luno at these times, haha
 
That announcement was suspiciously timed to coincide with Beijing's midnight.
How sure are you that it's legit :)
 
Sabre Wulf said:
That announcement was suspiciously timed to coincide with Beijing's midnight.
How sure are you that it's legit :)
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I thought the same then checked my Twitter and see a lot of reputable people tweeting about it.
Price action certainly implies that it's real...
But who knows. If it's false, watch the biggest red candle ever!
 
Alts are mooning too. Even more than BTC in some cases... CVC dropped then hit right back. Let's hope this is good for mining profitability.
 
Eish... OMG is flying. It's going to be a yoyo from all the Chinese "set and forget" sell orders IMO.
 
Watching lunos order book is mind-boggling... Sometimes it's like lunos market exists in vacuum
 
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