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    Saturday, March 31, 2018

    Bitcoin Daily Discussion, March 31, 2018

    Bitcoin Daily Discussion, March 31, 2018


    Daily Discussion, March 31, 2018

    Posted: 31 Mar 2018 03:01 AM PDT

    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.

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    submitted by /u/rBitcoinMod
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    My friend invested 200K at 18500$ - take a chill pill, read my points and please contribute/upvote

    Posted: 30 Mar 2018 01:00 PM PDT

    He is very wealthy, and doesn't lose sleep at night due to the recent "crash". It is a 10 year+ bet. He is relaxed and actually buying more now.

    Lesson: invest what you can afford to lose. Think long term.

    This might be seen as a shit post but it gets on my nerve seeing all the people panicking and complaining in this sub.

    BTC has the potential of becoming a competitor to gold, which has a 8T$ market cap. No, it's not guaranteed - but it has a true chance. Guess what, the world is becoming more and more digital and BTC is until now apart of that revolution and obviously has the potential to continue doing so.

    Relax and think long term.

    In 2020 another halving is coming and all coins (21M) will be in circulation by 2140 approximately. Well all be dead by 2140.....

    Some important factors that theoretically could affect the space: - stock prices are at an ATH. Market is over bought and inflated. If the stock market crashes money surely will go in to crypto. Some people disagree on this, but only time can tell. - a lot of countries around the world are at political and economical unrest. - the US has 21T$ in debt, not sustainable. This will implode at some point. - China has recently started to purchase oil with Yuan instead of dollars. This will affect the dollar in the longer term as dollars will be removed from the market. - the EU is fucked, brexit - and most likely more countries will follow and exit during the next decade.

    In the past I've seen a lot of post about people saying that BTC is to expensive and that the whales are manipulating the market etc. Yes they are, as they do in all markets. As soon as BTC becomes more liquid it will be way less volatile. But we won't see that before 1-2T$+

    Mining expenses are going one way, up - they have grown exponentially since the very beginning. If someone reinvents the wheel, yes, they might make a huge mining profit short term. But after some months other companies will be creating similar chips and hash rate will sky-rocket: hence, mining profits go down and miners won't sell before break even or threat of bankruptcy.

    After the next halving in 2020 a total of 328125BTC will be added to the market per year, that's a total of approx 27K per month.

    In 2024 a total of 164 062BTC will be added to the market, a total of 13.6K per month.

    2028 a total of 6.8K per month.

    2032 a total of 3.4K per month.

    Do the math, use your logic.

    And on my last note, Switzerland is the crypto place to be. The whole government is supportive of bitcoin and Blockchain. Their national bank had a profit of 55$B in 2017. Don't think their buying BTC behind the scenes? Think again! Would they be stupid enough to announce it, of course not.

    Hold and relax, wether it's real estate, BTC, valuable art, your wife, pension fund. Aim for a good life now and aim for a comfortable life when you get older, be smart!

    All the best!

    EDIT: - receiving extreme amounts of BS for spelling mistakes. I hate to break it to you, but I'm not a native English speaker. - no, the stock market is not at an ATH, it's just below. The bull run since 2008 has been incredible. - the last part about the Swiss banks is a guess and somewhat conspiracy theory. You cannot deny the likelihood of banks investing in crypto in the coming years. In my opinion the odds are highest for the banks in countries that are crypto friendly.

    submitted by /u/bitcoinbjorn
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    The Bitcoin Miner - Behind the Scenes

    Posted: 30 Mar 2018 03:58 AM PDT

    Your portfolio is like a bar of soap - the more you handle it, the smaller it gets.

    Posted: 30 Mar 2018 05:29 PM PDT

    The best policy for portfolio management is one of benign neglect.

    HODL

    submitted by /u/Al2019
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    PSA: Bitmain is selling off our contact info to spammers

    Posted: 30 Mar 2018 07:56 AM PDT

    I have a policy of using <company>@<my domain> whenever I sign up for an online account, since <any address>@<my domain> comes to my email account. This lets me track who is selling my contact information because if I receive an email from <company A> which has <company B>@<my domain> as the email target, I know that <company B> has sold/informed <company A> about me.

    This morning, I received an email from liteBit.eu. It was spam, of course, the 'your invoice' link was a link to some vet site, nothing to do with crypto at all. The interesting thing is:

    • That it was sent to bitmain@<my domain>, thus telling me who sold the address

    • Also, it had the first line of the delivery address that I sent my miners to.

    I co-locate my miners, and no other company has ever been given the co-location address. This puts the ball firmly in Bitmain's park.

    They are selling our contact details to spammers.

    submitted by /u/ThrudTheBarbarian
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    So heres the thing about a 7k bitcoin...

    Posted: 30 Mar 2018 07:02 PM PDT

    It's still frickin amazing. 7 thousand USD is a lot of value. And it's just one single coin, from which used to be worth cents.

    Remember that during these times. there are still individuals buying at this price; there is immense belief in Bitcoin.

    Upvote if you agree.

    submitted by /u/briaro
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    Bitcoin became 99% more interesting when I stopped comparing my holding to fiat and just concentrated on increasing my btc amount from trading.

    Posted: 30 Mar 2018 10:16 AM PDT

    Anyone else oddly feeling alright during these times?

    Posted: 30 Mar 2018 09:24 AM PDT

    Bitcoin is, and yes I know it's been repeated several times, here to stay. Forget about the market for a while, and recall the value of the technology.

    submitted by /u/MUFOS
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    Now pay for hotels in Russia during FIFA through bitcoins

    Posted: 30 Mar 2018 11:05 PM PDT

    Here is someone paying for lunch in Venezuela where $1 USD equals $107,000 Bolivar, thanks to the government and hyperinflation. This is why bitcoin and gold will win.

    Posted: 30 Mar 2018 01:20 PM PDT

    Bitcoin price trading in a range below $7,000: Tom Lee tells cryptocurrency investors to hold on, Bitcoin will hit $25,000 end of 2018

    Posted: 30 Mar 2018 09:16 AM PDT

    Perfect time to be buy?

    Posted: 30 Mar 2018 04:05 PM PDT

    Seems like it has pretty much hit the bottom now. Anyone else going to buy?

    submitted by /u/Ultimus_Rex
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    You’re all crazy

    Posted: 30 Mar 2018 09:47 AM PDT

    It drops everyone freaks out, it goes up everyone praises it.Its going to eventually pass the ath, if you don't believe that then sell your shit.Only people buying crypto are people like us, once we get the average joe and sally to start buying bitcoin we will look back at this and wish we bought in now. For me any price below the ath is a steal. Only reason price is dropping is because you people are selling. The media, the regulations all the fud is irrelevant. If you people did not have weak hands we still be around 20k.

    submitted by /u/xxjoker122
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    FCC authorizes Elon Musk's SpaceX to provide broadband satellite services - (Global internet will be a major step for future bitcoin adoption and growth. This is a game changer)

    Posted: 30 Mar 2018 07:42 AM PDT

    This is probably the last dip we are looking at this year best time to invest market is at 266 billion right wont go any lower who else agrees to this

    Posted: 30 Mar 2018 04:53 PM PDT

    Intel Files Patent For Energy-Efficient Bitcoin Mining Hardware

    Posted: 30 Mar 2018 11:25 AM PDT

    historically most of BTCs annual return was delivered over just 9 days (avg) out of the year. Hard to know which days will be drivers. A merit of HODLing.

    Posted: 30 Mar 2018 07:42 PM PDT

    Don't let the negativity get you down. The future is bright, adoption will continue to grow, and Bitcoin is here to stay.

    Posted: 30 Mar 2018 05:37 AM PDT

    I've been active in this sub for 3-4 years. This is the worst I've ever seen it. The level of toxicity is literally off the charts... yes, we all know Bitcoin might just go back to $50. Let's just take a moment to realize how amazing and transformative Bitcoin has been and how it's changing how people look at money all around the world. I understand some people think the negativity is just a really helpful dose of reality. I'd tend to agree if it was being done in a constructive way.. but, it's not. We have some really salty people trying their best to spread their misery around. I'd advise everyone just to engage them with positivity and ignore the doom and gloom.

    submitted by /u/s0cket
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    Japanese Luxury Car Dealer Accept BTC As Payment !

    Posted: 31 Mar 2018 03:24 AM PDT

    Big banks continue to knowingly fund the black market and assist money laundering. While Bitcoin cannot be banned, these banks can and should be.

    Posted: 30 Mar 2018 01:17 PM PDT

    Japanese Luxury Car Dealer Accepts Bitcoin Payments Up to $1 Million

    Posted: 30 Mar 2018 07:29 AM PDT

    Why PoS is still as inferior to PoW as it was in the very beginning by its design and essense.

    Posted: 30 Mar 2018 03:37 PM PDT

    Brothers and Sisters of bitcoin. Let’s make this the �� of bitcoin.

    Posted: 30 Mar 2018 07:06 PM PDT

    Dead for 3 months, rise in the 4th

    submitted by /u/hodlerenfin
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    OKEX exchange to reverse bitcoin transactions yesterday (suspects market manipulation)

    Posted: 31 Mar 2018 02:04 AM PDT

    Bitcoin transaction fees again reached low levels, and have hit 1 Satoshi per byte to get into the next block.

    Posted: 31 Mar 2018 12:44 AM PDT

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