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    Wednesday, March 7, 2018

    Bitcoin Daily Discussion, March 07, 2018

    Bitcoin Daily Discussion, March 07, 2018


    Daily Discussion, March 07, 2018

    Posted: 07 Mar 2018 02:00 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.

    Suggested Topics

    • Screenshots
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      • of your favorite price ticker
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    • Wallet/Exchange/Network
      • recommendations
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      • troubleshooting
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    • All things price
      • hodling
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    Your price screenshots and repetitive submissions are being removed, so please stop submitting them!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Coinbase Announces Index Fund for Accredited Investors

    Posted: 06 Mar 2018 02:33 PM PST

    Just announced on CNBC - the index fund will be backed by actual cryptocurrencies held by a separate legal entity -Coinbase Asset Management.

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

    It's liberating when you realize that no one actually has a clue what they're talking about regarding this market.

    Posted: 06 Mar 2018 03:45 PM PST

    I got into crypto almost a year ago. It's been an incredible experience learning about Bitcoin, blockchain, and other cryptos. While it's game-changing technology and a potentially great investment, it has also been a tremendously fun hobby and given me countless hours of reading, entertainment, learning, and even new relationships. It's awesome to see this community growing at the pace it has and I hope to see it continue long into the future because this is something I'd like to stay involved in for the rest of my life.

    With that said, the amount of bogus information and speculation on Reddit regarding the crypto market is painful to endure. For those that are newbs, which I still in some ways consider myself pretty new to this, it is easy to get caught up in the forecasting and high or low expectations for Bitcoin and other coin prices. Everyone obviously wants to see this market continue to boom, and positivity is a great thing. But there is a big difference between positivity and downright bogus speculation. The same goes for those that predict bear markets and crashes. The uninformed predictions of the market plummeting are no different. I may be overshooting this a little, but I'd say that more than 99% of what I read on Reddit regarding the market falls into the bogus speculation category. That is not a good look on cryptocurrency as a whole. We need to be realists, and the reality is that being a realist about crypto means admitting that you just have no clue whatsoever.

    I only came to terms with this myself around January. And let me tell you that it has been so liberating. The freedom I feel knowing that speculative posts on Reddit no longer have any effect on me is hard to describe. With this newfound freedom, my interest and focus on crypto and blockchain has only grown stronger. So newbs, and everyone, take a moment and reflect on what you want out of this. Focus on your own personal understanding of crypto and its benefits and downfalls. Learn, learn, and learn, but use valid sources of information, not speculation. In closing, I'll admit I'm a HODLer. But you do you and enjoy the fact that you get to be involved in the early stages of some incredible technology.

    submitted by /u/CoinalSanders
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    GTA Online poking fun at Cryptocurrencies in one of their latest DLC missions never fails to make me laugh.

    Posted: 06 Mar 2018 08:47 PM PST

    ‘That’s why they were so against SegWit. SegWit blocks covert but not overt AsicBoost, exposing Bitmain and forcing them to join BDPL’ - Charlie Lee

    Posted: 06 Mar 2018 09:09 PM PST

    35 000 BTC of the 200k mtgoxbtc were sold over the last three months!

    Posted: 07 Mar 2018 12:07 AM PST

    Putin's Orders: Russia Prepares to Legalize Cryptocurrency Markets

    Posted: 06 Mar 2018 05:43 PM PST

    Tim Draper predicts hyperbitcoinization within 5 years

    Posted: 06 Mar 2018 03:34 PM PST

    Big Travel Site in S.Korea with Over 50,000 Hotels to Accept Payments in Bitcoin and other cryptocurrencies

    Posted: 06 Mar 2018 08:50 AM PST

    First US Credit Card with Bitcoin Rewards

    Posted: 06 Mar 2018 08:23 AM PST

    Slush Pool is Now Compatible With AsicBoost Bitcoin Miners

    Posted: 06 Mar 2018 11:18 PM PST

    Look at this, Twitter suspended my account permanently for talking/warning people about the scammers, this happened at the same time Kraken Support had their account permanently suspended... Please help me get my Twitter back, I put so many hours into it... FYI Twitter is the scammers

    Posted: 06 Mar 2018 01:16 PM PST

    Breadwallet, shame on you! No available time to segwit, but enough time to shitcoins.

    Posted: 06 Mar 2018 03:12 PM PST

    $1 Billion in Mining Equipment added to Bitcoin, 7 Billion GigaHash, in 50 days.

    Posted: 06 Mar 2018 05:35 PM PST

    @Bitcoin Twitter page is restricted, why Roger?

    Posted: 06 Mar 2018 09:11 PM PST

    An Open Letter to Banks about Bitcoin and Cryptocurrencies

    Posted: 07 Mar 2018 01:06 AM PST

    Apparently there is a critical vulnerability in Ledger's firmware that allows private key extraction

    Posted: 06 Mar 2018 09:25 AM PST

    Coinbase Hit by Two Class Action Lawsuits, One Alleges Insider Trader Information

    Posted: 06 Mar 2018 05:16 AM PST

    What do you think Tim Draper’s announcement will be on April 12? He seemed maniacal on the CNBC interview. I’ve never seen him so excited.

    Posted: 07 Mar 2018 12:02 AM PST

    People think volume is down with bitcoin when its segwit batching.

    Posted: 06 Mar 2018 10:30 PM PST

    People think volume is down with bitcoin when its batching. Even the crypto youtubers don't do their research.

    https://www.newsbtc.com/2018/03/04/bitcoin-transaction-volume-decreases-batching-not-due-lack-demand/

    submitted by /u/HitWithTheWOWeffect
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    Tim Draper: CNBC's Fast Money

    Posted: 07 Mar 2018 01:19 AM PST

    "Chinese Regulator: Blockchains Must Have Centralized Foundation" --- No, they don't.

    Posted: 06 Mar 2018 07:14 AM PST

    Restricted!

    Posted: 06 Mar 2018 08:35 PM PST

    What is the best way to deal with banks when cashing-out a low six figure amount?

    Posted: 06 Mar 2018 01:49 PM PST

    At some point this year (when the BTC price has risen), I plan to convert BTC into fiat. I am in the UK. I intent to obtain the £ equivalent of about $200,000 of fiat.

    My question is whether I should contact my bank to tell them that I plan to make a large deposit. Is it good policy to inform the bank in advance? If they asked for the source of funds, I would be honest and tell them it's from buying and trading crypto-currency.

    My concern is that the bank will think a large deposit is suspicious and freeze or close my account. Hence, informing them in advance might be helpful. (Or it might not – I don't know how banks interpret this situation).

    This is not a question about taxation: I will pay the Capital Gains Tax (CGT).

    I know which UK exchange I will use. I've used them before. This part does not bother me.

    I will cash-out a percentage of my BTC. I will keep more.

    I'm just wondering whether anyone else did (or did not) contact their bank when cashing out a low-ish six figure sum. What happened (if anything)? Thanks.

    submitted by /u/MelodicFudge
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    Block and Jerry's, Ice Cream Delivery via Lightning Network launching March 7

    Posted: 06 Mar 2018 07:19 AM PST

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