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50% off Trading at BTC Markets

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50% off Trading at BTC Markets
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[Deactivated] on 06/05/2020 - 12:46 btcmarkets.net (1411 clicks)
Last edited 06/05/2020 - 13:53 by 1 other user

Bitcoin is soon approaching halving next week.

To celebrate this event that occurs approximately every 4 years BTC Markets is giving a 50% discount on the trading fees.

https://support.btcmarkets.net/hc/en-us/articles/36004770347…

The miners rewards which is 12.5 btc per block will be cut into half after this which makes Bitcoin more scarce.

This also reduces the sell pressure on the markets by the miners.

Halving explained in the following article

https://support.btcmarkets.net/hc/en-us/articles/36004659671…

Countdown to the halving:
https://www.bitcoinblockhalf.com/

BTC Markets current trading fees:
https://www.btcmarkets.net/fees

Trade safely!! Lets go to the Moon…

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closed Comments

  • JSONBourne on 06/05/2020 - 12:48
    +10

    I love how the thumbnail to the store says "Introduce Mum to Digital Assets". I mean what could go wrong.

    • he11bent on 06/05/2020 - 13:07
      +11

      Absolutely nothing. I did that, and in only two months time, she'll be able to move from the Cardboard box to a studio after investing her 3 bedder house on it.

      • JSONBourne on 06/05/2020 - 14:33

        Not sure if sarcasm, did you get her to invest money into BTC?

        • Oliver on 06/05/2020 - 15:35
          +4

          oh boy

          • JSONBourne on 06/05/2020 - 16:49

            @Oliver: Whoops I misread the last part of the sentence :') Thanks to OzBargain for not allowing editing of comments after a certain period of time.

  • SBOB on 06/05/2020 - 12:57
    +1

    which makes Bitcoin more scarce

    worked out well recently for LTC and BCH ;)

  • vodamerc on 06/05/2020 - 12:59
    +3

    Going to be a good time to to exit BTC for the impending dump that will follow the halving. :)

    • [Deactivated] on 06/05/2020 - 13:01
      +4

      you will get 50% discount on that as well.. isnt that great.

    • noipster on 07/05/2020 - 10:13

      https://www.bitcoinblockhalf.com/images/bitcoin-halving-char… seems to say otherwise

      Historically, the price has continued to rise steadily after a halving. Not to say that a small dump won't happen but a halving doesn't immediately point to a price crash

  • [Deactivated] on 06/05/2020 - 12:59

    Ive almost solved PvsNp so btc will be worthless

    Muhahahaha

    • Chelseadmfc on 06/05/2020 - 13:05
      +1

      Cool story bro

      • [Deactivated] on 06/05/2020 - 13:13

        Agree

    • SBOB on 06/05/2020 - 15:35
      +2

      Ive almost solved PvsNp

      its the 'almost' bit which puts the true level of mathematical credibility behind your statement ;)

      • [Deactivated] on 06/05/2020 - 15:44

        😆

  • Diji1 on 06/05/2020 - 13:03
    -4

    Remember when everyone said the great thing about BTC was how there was no fees?

    • vodamerc on 06/05/2020 - 13:05
      +1

      The fees are for fiat pairs?

    • [Deactivated] on 06/05/2020 - 13:07
      +7

      nobody said that.. and if someone said it surely doesn't understand btc..

    • [Deactivated] on 06/05/2020 - 13:13

      No

  • hatxihoi on 06/05/2020 - 13:17

    I didn't receive the $15 discount in the last promotion

  • frewer on 06/05/2020 - 13:19
    +1

    Very interesting time that we are living

  • kingmoron on 06/05/2020 - 13:30
    +1

    I already got more than half price 2 years ago I December…

  • spuderump on 06/05/2020 - 14:32

    Are the ATO now cracking down on Bitcoin earnings?

    • gromit on 06/05/2020 - 15:56
      +2

      cracking down? well if you mean enforcing that you pay your Tax bill then yeah they are tracking and following up on that. personally This halving looks very high risk to me, fees will have to go up considerably to keep miners in it.

      • Antikythera on 06/05/2020 - 16:59
        -3

        why do we have to pay tax on BTC when it is obviously gambling?

        • [Deactivated] on 06/05/2020 - 17:27
          +1

          the same reason you pay tax on shares?
          Please don't talk about something you have no understanding about.

      • nugga1984 on 06/05/2020 - 20:52
        +1

        Fees are one component that could help miners stay profitable but the block halving and/or miner profitability does not directly correlate with transaction fees long term (i.e we don't pay more for transactions just because miners aren't making as much money). if they are not profitable based on their input costs they can suck it up or GTFO

        Transaction fees could increase if demand for block space increases or if network hashrate reduces (which would increase the avg block times which would effectively increase the demand for available block space given a constant rate of transactions)

        Reduction in hashrate is more likely what we will see after the halving but that is natural (reward just got halved); The Bitcoin network regulates block production based on hashrate*, so at most 2016 block will need to be mined (~2 weeks**) before the network will adjust the difficulty to compensate for the change in hashrate (i.e less miners means less hash rate, lower difficulty, less expensive to mine a block). so for roughly 2 weeks you could see slower block times which may result in a high fee market but this is temporary until the difficulty adjustment brings it back to equilibrium ***.

        The Bitcoin network is not fragile, its a beast that keep ticking along hour after hour, day after day, year after year.

        *The Bitcoin Network measures hashrate by the time it take to produce the previous 2016 blocks
        **At this stage next difficulty re-target will happen around the 19th of may (1 week after halving)
        ***Each difficulty adjustments cycle is limited to a factor of 4

        if you want to learn more about difficulty this website seems quite good and goes in depth - https://learnmeabitcoin.com/beginners/difficulty

    • kingmoron on 06/05/2020 - 20:18

      Yes. They are always cracking down on tax evasion.

  • [Deactivated] on 06/05/2020 - 14:57
    -1

    Crypto will pump hard with bitcoin halving and ethereum 2.0 coming (2 massive events for the top 2 coins in crypto world)

    This is year of the crypto not stocks

    • nightelves on 06/05/2020 - 15:06
      +4

      Is that because you're trying to pump and dump?

      • worker on 06/05/2020 - 17:12
        +3

        One person being able to pump and dump btc and ethereum lmao

      • [Deactivated] on 06/05/2020 - 17:41

        Just have a look at previous BTC halvening and the charts, dont be a fool.

        Ethereum 2.0 has been years in the making, there is huge anticipation for the next generation of smart contract network with staking.

    • SBOB on 06/05/2020 - 15:36
      +2

      This is year of the crypto not stocks

      nah, that was 2017 ;)

      • [Deactivated] on 06/05/2020 - 17:38
        -2

        That was just a taste of what's coming ;) Future will be digital currency and everything run through smart contracts

  • ProlapsedHeinous on 06/05/2020 - 15:25

    Been in Crypto since 2013, I wouldn't be betting my house on BTC, especially with the shaky lightning network and a 1mb block limit, that the devs are dependant on to flog their offchain garbage.

  • iDoNotExist on 06/05/2020 - 15:42
    +1

    IMHO cryptos currently do not facilitate the core vision which was to facilitate secure transactions without the involvement of the rip of intermediary FIAT infrastructure. The crytpo acceptance for trading is minimal and they have become a speculative investment vehicle for the unsophisticated. I hate manipulation of the Equities market as much as the next person but even then there is some underlying assets in most cases. The BTC fluctuations graph should really scare the lights of the average punter but it seems to have the opposite effect. So in conclusion if you are planning to introduce your mum or someone else's to crypto, remember to invest what you can afford to loose. In my case I invested 1% of my net worth. Total BTC holding 0.0071.

    • radradrobotank on 06/05/2020 - 15:53
      +3

      Why do you consider it unsophisticated to invest in speculative assets?

      0.0071 BTC is only $99.34 AUD or 22 Enloops.

      • iDoNotExist on 06/05/2020 - 16:05
        -3

        Bruh! I dont have the answers, I just like to pump in random words for internet points. Can I have some more internet points so I can make it 23 eneloops?

    • [Deactivated] on 06/05/2020 - 17:40

      That's because BTC is old and outdated tech.

      There are already stable currencies and smart contracts on ethereum network.

  • Ezekiel2320 on 06/05/2020 - 15:58

    So if I had a bitcoin wallet back in the early 2010's what do I do about all these splits? Didn't you get an equal number of bitcoin cash (I think?) for each BTC? Can anyone explain all this to me? I still have my old wallet file

    • [Deactivated] on 06/05/2020 - 16:00

      i call BS..

    • SBOB on 06/05/2020 - 16:00
      -1

      you'll have tokens/coins from all the btc forks sitting against those, yes.

      Why you'd pay attention to crytpo now and not 2.5 years ago when it was booming if you had an old btc wallet lying around, i dont know ;)

      • Ezekiel2320 on 06/05/2020 - 16:07

        We studied bitcoin when I was in Uni and they were like $5.00 each. I used to have the mining software installed but turned it off and forgot about it for a few years. Next time I looked, bitcoins were worth thousands.

        I did the maths and realised if I'd kept it running I would have made millions in BTC since then. So I got over being sad about the price of bitcoins then and never really bothered thinking about it.

        From memory I had about half a bitcoin in this wallet from 2013.

        https://i.imgur.com/zrteQdZ.png

        • Aureus on 06/05/2020 - 17:32

          Assuming you are not trolling you can get Coinomi wallet and import your keys then sweep all coins in to your Coinomi wallet and send to exchange to sell. It is very easy, but be careful still.

          Coinomi is what I used to do the same thing. I don't know if it is the best method, but it worked for me. I only had like $50 of BCH through.

          • Ezekiel2320 on 07/05/2020 - 13:44

            @Aureus: That's my concern, every time I look at this subject all the articles say "just use a wallet website you trust"! Who do I trust? lol

  • jabroni on 06/05/2020 - 16:44

    anyone get on bitcoin revolution? ive heard it works then ive heard its a scam so need advice from someone whos done it

    • worker on 06/05/2020 - 17:21

      It’s definitely not a scam, unlike fiat! It’s still in its infancy and a growing industry, there are some brilliant people who are paving the way for the roll out of a fairer monetary system. The fiat system only works if 50% of people do not understand how it works. There are quite a few great articles and books published about btc. Have a look at The bitcoin standard https://www.amazon.com/Bitcoin-Standard-Decentralized-Altern… have a look on twitter at planb stock to flow article https://medium.com/@100trillionUSD/modeling-bitcoins-value-w… a couple of great resources.

      • Kredit on 06/05/2020 - 19:57
        +3

        Must be careful. jabroni is not asking about 'The' bitcoin revolution, but bitcoin revolution the product. https://news.bitcoin.com/bitcoin-revolution/

        These scam ads claiming to earn you big money daily via auto trading apps are usually advertised on social media sites and lure people in on false promises.

        Buying bitcoin from a reputable site like Btcmarkets is fine but scams are everywhere.

      • gromit on 06/05/2020 - 22:27
        +2

        Bitcoin revolution is a SCAM. No ifs buts or maybes. Do not mistake it for Bitcoin.

        • jabroni on 07/05/2020 - 11:55

          yeah kredit is right i was looking for more info around this trading platform that has bots trading on your behalf using algorithms but needed a first hand review of it

          • gromit on 07/05/2020 - 11:58

            @jabroni: Think of it this way, if it really made millions for you in months from a small investment why would they bother flogging it to the general public instead of just making millions themselves? and why would they need fake endorsement ads, fake review websites etc, surely such a product would sell itself. The only winners in that deal are the people selling you the scam.

            • jabroni on 07/05/2020 - 12:05

              @gromit: fair enough

              • gromit on 07/05/2020 - 14:33
                +1

                @jabroni: some of the scam review sites are really quite intelligently and well done. e.g. there are a few which review various versions of these scam offerings, sometimes by their competitors showing how illegitimate they are then have subtle recommendations in the final parts of the review like "if you must invest your money in auto traders then stick to reputable proven systems like Bitcoin Revolution or Bitcoin Trader". I think the worst part of all is sleazy companies like facebook allow them to continue advertising despite being flagrant scams.

    • ProlapsedHeinous on 07/05/2020 - 01:29

      Unless you are buying real bitcoin that can be verified on the blockchain, that you alone own the private keys to, you cannot guarantee the safety of your money. anything else is anywhere ranging from almost trustworthy (coinbase etc) or complete utter scams (Like bitconnect). Protip, if the company is promising awesome returns on your money, GTFO

  • TheCutter on 06/05/2020 - 17:22

    Darn , I almost bought 10 BTC to buy some weed 16 years ago from the Silk Road. $30 per BTC … but I thought it wasn't worth the hassle. Oops.

  • rakerr on 06/05/2020 - 17:53
    -2

    BTCMarkets.net really should be renamed to XRPMarkets.net

  • Gerry H on 06/05/2020 - 17:58

    i'd rather trade shares than btc. btc has no intrinsic value, it's the same as fiat currency. shares have real value just like any house/land, provided it's a solid company that'll survive this pandemic and has future growth potential.

    • worker on 06/05/2020 - 18:14
      +5

      Shares and re are still based on fiat which is still based on nothing but belief, same same, everything is speculation and risk. At least the gov can’t steal your btc through inflation and poor policies, unlike shares and re

      • gromit on 07/05/2020 - 13:51
        +1

        not really, nothing against speculative stuff like Crypto, but Shares and property are connected to actual assets, fiat is just a representation of there worth, regardless of what the currency or value does the assets exist.

      • rokufan on 07/05/2020 - 15:05

        Real assets are the best protection against inflation: businesses (shares), property, gold, etc.

        If the fiat currency is inflated the assets' value will increase commensurately.

        All investments have some level of legislation risk, and as we have seen BTC is extremely vulnerable to bans/restrictions, etc.

    • nugga1984 on 06/05/2020 - 19:55
      +1

      profile pic checks out

    • popsiee on 07/05/2020 - 10:15

      Dumb statement Mr Harvey as you can readily cash BTC at the current market price and buy as you please !

  • FlatulentFrank on 06/05/2020 - 18:25
    +2

    Everyone has a take on shares/crypto. Those who look at the fundamentals, who apply and reassess regularly are likely to be the ones doing well.

    There's no 'best' option in this volatile climate, it's only what you're prepared to invest in time and research. Simple.

  • WillKillfor5Cents on 06/05/2020 - 22:44
    +2

    which crypto going to moon and lambo? I'm so sick of eating cardboard…

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