Bitcoin Daily Discussion, January 05, 2018

Daily Discussion, January 05, 2018
Warren Buffet:
CEO of Google
[Sign the Petition] Coinbase: Prioritize SegWit implementation on the Coinbase Bitcoin Wallet & GDAX Exchange. You know what to do r/bitcoin!
Laser Engraved Roller Coaster Guy on Ledger Nano S
LateStageCapitalism has some pretty good content
Crypto traders ;)
Something tells me this Bitcoin ad isn’t generating much business...
Facebook CEO, Mark Zuckerberg, says that he will look into integrating cryptocurrencies into Facebook services
I'm donating 25 Bitcoin to good causes - UPDATE
Here's a look at my Bitcoin astronaut artwork
All Bitcoin Visa debit cards are now cancelled
��Andreas Antonopoulos Shows us a Whole New World��
50 Crypto Trading & Investing Lessons Learned Over The Past 5 Years
When People Tell You To Take The Money...
Classic swimming alligator pattern
@WhalePanda: The @bitcoin twitter account has been compromised. Either bought/bribed/hacked by Roger. Account was relatively inactive and suddenly startes tweeting bitcoin com articles and now this fud. Educate your followers.
Jimmy Song advocating for bits (100 satoshis) denomination adoption by coinmarketcap. We should ask the same to out exchanges and wallet providers.
Serious discussion about the take-over propaganda of our official bitcoin sources
Hodlers waking up after it hit green
This satisfies my OCD so much right now.
@Bitcoin twitter compromised and shilling altcoins.
Nearly instant atomic swaps via Lightning Network are coming sooner than everyone thinks
BitConnect Cease and Desist Order
Looking for Andreas Antonopoulos talk (Don't up vote)
Putting Bitcoin gains to use..

Daily Discussion, January 05, 2018

Posted: 05 Jan 2018 02:01 AM PST

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

Daily threads are fast paced! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Goal

At the start of December I pledged to donate 25 Bitcoin, 1 each day leading up to Christmas, to a cause suggested by r/Bitcoin. This was done publically in the hope to inspire others to donate too, especially people who have benefited from the rise in price recently.

It took a long time to read every comment, private message and to check everyones suggestions. Unfortunately not many suggested charities accept Bitcoin. I am posting this update so people can make suggestions for the last few donations and see a list of causes donated to so far.

I am hoping that this post and donations will still encourage others in the community to give Bitcoin to good causes.

Get involved

Submit a suggestion in the comments of a cause you would like to see donated to. Also post a link to their Bitcoin donation page (not address) if possible. Even if your suggestion is not donated to by me hopefully it may be seen by others here who may choose to donate.

I'll ignore any scams, begging, college fund requests etc.
I don't donate to individuals so please don't post or PM.

If you wish to give but don't have the time to check these posts for suggestions you can send Bitcoin to my address:

34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b

I will divide the extra Bitcoin sent to that address by 25 and donate it to each of the chosen causes once all my 25 Bitcoin have been donated.

Thanks to the people who have donated to my address so far.

Proof of funds

Message: "Give Bitcoin this Christmas"
Address: 34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b
Signature: I8vZgsyOb1CKbTjo/Mravp03yIFnC94GNTVYOkBbhIUPUajfKPg4nh8zj7dWu5qzev2nsAtByLwpHHDnVwyAxsI=

Note that the address above doesn't contain 25 now due to sending donations so the funds moved to change addresses. You need to verify it using Trezor.

Donations

Day	Cause	Proof of donation
1	EFF	tx , tx ,tx , tx
2	Khan Academy	tx
3	Give Directly	tx
4	Andreas Antonopoulos	tx
5	MAPS	tx
6	help venezuelans	tx
7	Wikipedia	tx
8	Royal National Lifeboat Institution	tx
9	mercy for animals	tx
10	Heads Up Guys	tx
11	Land + Heart project	tx
12	The water project	tx
13	3blue1brown Check this amazing video	tx
14	Open Medicine Foundation	tx tx
15	Tor Project	tx
16	Free Software Foundation	tx
17	Freedom of the Press Foundation	tx
18	Against Malaria Foundation	tx
19	MIRI	tx
20	TBD
21	TBD
22	TBD
23	TBD
24	TBD
25	TBD

P.S I have not seen any suggestions yet for charities dealing with addiction. It would be great if we could get some suggestions for alcohol, drug or gambling addiction.

submitted by /u/deannolan
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Here's a look at my Bitcoin astronaut artwork

Posted: 04 Jan 2018 02:18 PM PST

submitted by /u/frankreddit5
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All Bitcoin Visa debit cards are now cancelled

Posted: 05 Jan 2018 02:12 AM PST

I received this email from Wavecrest (the card issuer for all Bitcoin Visa cards):

Dear Cardholder,

We, WaveCrest, are the issuer of your Visa Prepaid card, which you have enrolled for through one of our program partners. Visa have today instructed us that we must close all WaveCrest issued Visa Prepaid Cards with immediate effect.

How will this affect you?

Your WaveCrest-issued Visa Prepaid Card will no longer function. However, as your funds were stored in your e-wallet they will remain accessible to you via your wallet provider.

We thank you for your cooperation.

Yours sincerely,

WaveCrest Wave Crest Holdings Limited is an electronic money institution licensed by the Financial Services Commission, Gibraltar.

We're being oppressed!

And ironically this kind of thing is exactly why we need people to take payment with Bitcoin instead of Visa in the first place.

submitted by /u/_jstanley
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��Andreas Antonopoulos Shows us a Whole New World��

Posted: 04 Jan 2018 10:12 PM PST

submitted by /u/emaG3M
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50 Crypto Trading & Investing Lessons Learned Over The Past 5 Years

Posted: 04 Jan 2018 08:48 PM PST

By Chris Dunn

1 - Everyone's a genius in a bull market. Real traders can survive and even thrive in bear markets or highly volatile markets.

2 - Don't be a blind bull. ALL markets are cyclical. Don't be afraid of pullbacks or market crashes – that's where you can make the most money.

3 - There's a big difference between a trade and an investment.

4 - Fully plan your trade before you pull the trigger on the entry.

5 - Entries are important, but risk & money management is where you make or lose money.

6 - Beware of get-rich-quick gurus hopping on the crypto bandwagon over the past year.

7 - Decide which types of trade setups or investments you'll take and ignore everything else.

8 - Don't assume just because you've made a lot of money in crypto that you can just as easily make money in other financial markets. 95%+ of stock market traders LOSE money. The game is rigged. Stick to what you know works for you.

9 - The best way to day trade cryptocurrencies is – DON'T!

10 - The best way to profit in any market is to find something you think has big potential early (before the general public catches on), and invest assuming you're going to lose 100% of your capital. It's the "angel investor" approach.

11 - You can't control the market. The only thing you can control is your entries, trade size, and exits.

12 - One market participant can completely destroy "good technical analysis".

13 - Don't blindly follow trade alerts from ANYONE, especially random people on social media or chat rooms.

14 - All financial networking marketing projects are ponzi schemes, period.

15 - If you make a life-changing amount of money, do NOTHING for at least 30 days.

16 - Trading isn't about picking exact tops and bottoms in a market – it's about catching the meat of a move.

17 - Don't turn a small losing trade into a massive losing investment.

18 - Don't set daily profit target goals – set long-term performance goals.

19 - Learn to survive, then thrive.

20 - The best charting indicators are price action and volume. You can use others, but it won't necessarily make you a more profitable trader.

21 - Trends can go way past what seems rational.

22 - Don't try to pick tops in a market. Wait for the market to tell you when the trend is over.

23 - Don't trade in front of big news events – it's impossible to predict how markets will react.

24 - The biggest challenge for most traders is their ego, or the need to be right.

25 - You can lose 50% of your trades and still be profitable if you manage risk properly.

26 - The best entrepreneurs and CEO's typically make the worst traders and investors.

27 - People with the best mindset for investing typically have a career in high-risk situations like firefighters, pilots, police.

28 - Avoid pump and dump groups like the plague they are.

29 - You WILL make every mistake in the book. Don't beat yourself up when you make mistakes, just learn and try not to make the same mistake twice.

30 - Don't treat crypto exchanges like bank accounts. You don't own the coins unless you control the private keys.

31 - Crypto is a 24/7/365 market. You can't catch every trade. If you miss one, don't worry – there's ALWAYS another trade.

32 - Don't invest in a coin unless you understand it inside out.

33 - You can make money trading the momentum and hype in shitcoins, just don't invest long-term.

34 - Stay away from coins with low trading volume and low market caps. They are easily manipulated and you can get stuck in a position.

35 - Don't trade with money you need for living expenses. It's called "risk capital" for a reason.

36 - Think of yourself as a hunter – save your ammo for the big game.

37 - Crypocurrency exchanges go down when there's high volatility. If price hits a major target or buy zone, it might make sense to place some orders BEFORE everyone else.

38 - Trading and investing brings all your emotions to the forefront – fear, greed, hesitation.

39 - The hardest thing to do in trading is… NOTHING. This can also be the most profitable thing to do.

40 - Just because a market is in a "bubble" doesn't mean it's going to die. Bitcoin has been through over half a dozen big bubbles and increased in price after each one.

41 - Manage your trades in a way that would leave you with no regrets no matter what the market does.

42 - Learn to think like a contrarian. If you're someone who needs to have your opinion validated by everyone around you, then trading and investing isn't for you.

43 - The shorter the chart time frame, the less reliable the chart patterns are. The longer the time frame, the more variables affect price action and the harder it becomes to predict price. My sweet spot in the daily chart for trade setups and 60-minute chart for entries.

44 - Some market conditions are great for pushing the gas on every trade setup you can find, where other market conditions call for you to slam on the brakes and step away from the markets altogether.

45 - 90%+ of cryptocurrencies will eventually go to zero. Invest accordingly.

46 - The mental side of trading is the hardest to master, the most under-appreciated skill, and will cause you to make or lose the biggest amounts of money.

47 - The 3 biggest problems for traders are over-trading, hesitating on entries, and closing positions prior to profit targets when the trade is still intact.

48 - You can make a career's worth of profit in one year or one trade – don't feel like every day has to be a home run. Play the long game. Be patient and wait for the best plays.

49 - Don't trust anyone else to trade for you. Manage your own high-risk investments (like crypto trading) or don't participate at all.

50 - Take the news for what it is – they're trying to get views and clicks. They're NOT looking out for your best interests or trying to help you make money.

submitted by /u/Al2019
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When People Tell You To Take The Money...

Posted: 04 Jan 2018 10:28 PM PST

submitted by /u/Kelie18249
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Classic swimming alligator pattern

Posted: 05 Jan 2018 03:04 AM PST

submitted by /u/RastaPickney
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@WhalePanda: The @bitcoin twitter account has been compromised. Either bought/bribed/hacked by Roger. Account was relatively inactive and suddenly startes tweeting bitcoin com articles and now this fud. Educate your followers.

Posted: 04 Jan 2018 01:51 PM PST

submitted by /u/CBDoctor
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Jimmy Song advocating for bits (100 satoshis) denomination adoption by coinmarketcap. We should ask the same to out exchanges and wallet providers.

Posted: 04 Jan 2018 10:50 AM PST

https://twitter.com/jimmysong/status/948982933775441920

EDIT:

He published the BIP176 that already got accepted LINK https://github.com/bitcoin/bips/blob/master/bip-0176.mediawiki

Excerpt from the BIP176:

Reduce user error on small bitcoin amounts.
Reduce unit bias for users that want a "whole" bitcoin.
Allow easier comparisons of prices for most users.
Allow easier bi-directional comparisons to fiat currencies.
Allows all UTXO amounts to need at most 2 decimal places, which can be easier to handle.

submitted by /u/daniel-_-
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Serious discussion about the take-over propaganda of our official bitcoin sources

Posted: 04 Jan 2018 11:52 PM PST

To Mods: AutoModerator needs to be tweaked down. Seriously this is a discussion we should be having and the fact that if I write a different coin's name in a post results in auto-deletion is extreme...

I think it's time we all got together and discussed a peaceful yet intelligent way to deal with this whole hack and slur campaign.

As of today, the following official bitcoin sources are compromised:

bitcoin.com website
r/btc subreddit
@bitcoin twitter

And the following platforms mislead consumers into eroneus purchases:

coinbase.com exchange
blockchain.info blockchain explorer

They are obviously not going to stop since they think "bla bla bla we are the true bitcoin" and are justifying their own forced and unethical actions in the name of their religion/cult.

I don't want us to retaliate in the same way. Fighting fire with fire is a sure way to mutual destruction and we as a community should be above this sort of mudslinging.

Thus I'd like to ask the community, what do you guys think we can/should do in order to mitigate this hostile takeover?

submitted by /u/taranasus
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Hodlers waking up after it hit green

Posted: 05 Jan 2018 03:06 AM PST

submitted by /u/duuslover
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This satisfies my OCD so much right now.

Posted: 05 Jan 2018 02:57 AM PST

submitted by /u/devonthed00d
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@Bitcoin twitter compromised and shilling altcoins.

Posted: 04 Jan 2018 01:27 PM PST

submitted by /u/CP70
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Nearly instant atomic swaps via Lightning Network are coming sooner than everyone thinks

Posted: 04 Jan 2018 07:54 AM PST

submitted by /u/Pilotito
[link] [comments]

BitConnect Cease and Desist Order

Posted: 04 Jan 2018 04:37 PM PST

submitted by /u/nard-el
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Looking for Andreas Antonopoulos talk (Don't up vote)

Posted: 04 Jan 2018 07:14 AM PST

I'm looking for a specific extremely visionary talk of Andreas (by his own standards). He is talking about realtime payments and the impact on society. Any idea? My own search was not successful.

EDIT: Found: https://www.youtube.com/watch?v=o32-3aPD3M4

submitted by /u/Bitfroind
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Putting Bitcoin gains to use..

Posted: 04 Jan 2018 04:35 PM PST

Do people like these little stories?

I started investing in Bitcoin this year with my dad, it's been fun! We hoped to hold (typo sorry) long term but he's recently recovering from Pneumonia. Because of Bitcoin we can make some small renovations to his flat (heating, flooring) to make him more comfortable that without Bitcoin would probably be impossible, what's the point in having it if you can't use it for good I suppose!

Thanks for the tips, advice and reassuring rollercoasters.

submitted by /u/digitalash08
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Breaking News

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Friday, January 5, 2018

Bitcoin Daily Discussion, January 05, 2018

Bitcoin Daily Discussion, January 05, 2018

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Goal

Get involved

Proof of funds

Donations

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