Andrew chow why you left a dead link and reject my edit?

to remove those links

Since no one is here I'll come back later to check. Thanks

@Denja I've fixed the dead links, thanks for pointing them out :)

Thank you i will improve my edit but those links where dead

@Denja I took a look at your suggested edit which Andrew declined, it may be because you deleted the link altogether rather than just updating it, but some of the other links you added may be helpful so feel free to submit another edit suggestion. Thank you for helping out!

ok no problem will do

For example I can't see the bitcointalk thread link anywhere in any of the answers, or the confirmtx site, if they aren't on there it would be good to add them (assuming they are still reliable and useable)

You could also post them as a separate answer rather than editting Andrews

@MaxVernon Haha, I was just trolling Amazon. Cheapest was $3,800.

@Denja Very true, there's no reason you can't submit edits to moderators' answers, I'm sure you could ask Andrew for more specifics why he declined the edit if you are interested but please don't be discouraged by the decline :)

I'm glad you spotted the broken links, updating them will be helpful for other users

My understanding is that any user can suggest an edit to any post, and that edit can be approved by another user. Or, a high-rep user can edit a post and have the change applied immediately.

Sure np as you know it takes time to find information and thats why I was looking for this answer.. cause i have a 2 day unconfirmed transaction :D

so i was looking for a good answer to my question

A place to chat about bitcoin.se? what is it Bitcoin.se?

@fredsbend well, if mining doesn't work for whatever reason, it appears pretty easy to double-your-money selling the mining rig on eBay.

@MaxVernon I bought my first miner, an s1, for $900 on eBay in Jan 2014. I honestly can't say if I over paid, so at least one person was dumb enough to do it.

@fredsbend present company excluded, of course ;-)

Of course

@fredsbend and that doesn't seem like a lot of money, particularly. Although I guess BTC was less than $1000 around that time, I think.

@MaxVernon It was bouncing off the 2013 bubble highs. I think it was at $800 the day I bought it, down to $600 the day it arrived, $400 a month or two later, and finally bottomed out at like $215 that fall. Lol

I knew it'd be good again one day though.

Now it's butting against the $10K mark, a prediction I made at that time. Although I said 5 to 10 years, not 3 years.

@fredsbend I'm thinking we may see a pretty large pullback once it breaks $10k

We'll see if it can break it at all.

@fredsbend predicting the timeline is hard.

I intend to sell off half of my holdings. Hedge, as they say.

it's an excellent idea to sell at 10K, then buy at 7K or 8K, wherever it lands, if possible. Pretty clearly, transaction fees will jump a lot if the price falls substantially right after hitting 10K since many people will be trying to sell.

it might be difficult to time those transactions well.

Yes, I'm doing it as soon as possible. I'm not in any exchange yet, but coinbase is available for me, though it's like 2% fee.

What exchange do you use?

I use QuadrigaCX - it has a 1.5% fee for Interac (the Canadian version of a debit card).

I'm not 100% sure they understand accounting properly though, so I only use them as a way of getting money in and out of my privately held bitcoin-core wallet.

Their website is inconsistent when dealing with rounding, which makes me a little nervous.

That doesn't sound very good ...

yah

I like their low rate though, and they seem to take security somewhat seriously.

of course, security on their website, and security in their backend are two different things.

@MaxVernon It's about trust. I was going to use gox, then they failed. I was going to use btce, then they failed. I was going to use kraken, now they're having up time troubles. I'm scared to try anybody.

@fredsbend I hear that! That was the main motivating factor for me running my own wallet, and then deciding to run my own full node on bitcoin-core. I own my own wallet, and no one else can touch it (unless they break into my system).

@MaxVernon Yeah. Have to have a local wallet. It's the only secure option.

I might just eat it and pay the high fee at coinbase.

Seriously, five years bitcoin has had decent value and there's still a dark path ahead for legitimate, secure, and trustworthy exchange.

@fredsbend this is what makes me think the Bitcoin price is not actually a bubble.

@MaxVernon I don't see the reasoning ...

@fredsbend yah, that wasn't clear. If the technical requirement for sending and receiving BTC is as difficult as it is, and there are no really easy methods of ensuring you know who you are sending money to, then it seems unlikely to me that the general public is buying into it. Without the general public buying into something, it is unlikely to be a bubble. Or at the very least, once the public has a simple foolproof method of "getting in", then you might see "bubble" pricing.

@MaxVernon Ok. I get it. You have to have some kind of euphoria among the late majority to have a bubble. You're saying there's no late majority yet, therefore no bubble.

I do think there'll be a massive pullback. Maybe as low as $2K.

@fredsbend exactly.

of course, I might be completely wrong. After all, I figured it out ;-)

[ SmokeDetector | MS ] Potentially bad keyword in body, blacklisted user: Is Bitcoin Mining Legal in India by Mk_happyhindi on bitcoin.SE

just saw a trade on QuadrigaCX for $2.86 CAD. / 0.00022442 XBT.

weird

@adamlab Heh the SE stands for stack exchange, i.e. bitcoin.stackexchange.com :)