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    Bitcoin Daily Discussion, April 10, 2018

    April 10, 2018

    Bitcoin Daily Discussion, April 10, 2018

    Daily Discussion, April 10, 2018

    Posted: 10 Apr 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.

    Suggested Topics

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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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    Everyone, it’s the world of crypto. All your TA means nothing

    Posted: 09 Apr 2018 11:44 AM PDT

    The sigh of relief when I saw this at my primary care

    Posted: 09 Apr 2018 03:57 PM PDT

    This is what I will be doing during the next Bull Run!

    Posted: 10 Apr 2018 02:01 AM PDT

    Last night I sold these stickers for Bitcoin at the 300th consecutive weekly Bitcoin meet up in New Hampshire - the longest running BTC meet up.

    Posted: 09 Apr 2018 06:39 PM PDT

    Bitcoin Hodlers Be Like.....

    Posted: 10 Apr 2018 02:19 AM PDT

    Zimbabwe Gets Its First Bitcoin ATM

    Posted: 10 Apr 2018 12:28 AM PDT

    27% Of Millennials Would Choose Bitcoin Over Traditional Stocks

    Posted: 09 Apr 2018 10:49 AM PDT

    Largest Mexican Bitcoin Exchange, Bitso, allows you now to buy Bitcoin at any OXXO (over 14,000 stores across Latin America. It is the largest chain of this kind of store in Mexico).

    Posted: 09 Apr 2018 04:37 PM PDT

    8 Reddit Bitcoin Posts from 5-7 Years Ago !

    Posted: 09 Apr 2018 09:25 PM PDT

    Did some old digging and stumbled across a handful of old Bitcoin Posts from 5-7 years ago. Just some fun stuff. Link Below is to the post about when Bitcoin was 5$

    ENJOY GUYS!

    https://www.np.reddit.com/r/Bitcoin/comments/ka3mo/its_the_perfect_time_to_buy_bitcoins/?st=JFT4A1II&sh=c9e29545

    List of another 7 Ancient Bitcoin Posts from 5-7 Years ago:

    " If I buy Now am I an Early Adopter "

    https://www.np.reddit.com/r/Bitcoin/comments/1905wt/if_i_buy_now_am_i_still_an_early_adopter/?st=JFT40ALW&sh=cccc12b3

    "Bitcoin threat to USD currency "

    https://www.np.reddit.com/r/Bitcoin/comments/196xzp/what_if_bitcoins_do_become_a_threat_to_some_big/?st=JFT3YP74&sh=776641d8

    " Bitcoin hits 7M Circulating Supply "

    https://www.np.reddit.com/r/Bitcoin/comments/jbrew/bitcoins_hit_7_million_total_in_circulation/?st=JFT426HV&sh=b969ffa3

    " Bitcoin surpasses 20 currencies in Value "

    https://www.np.reddit.com/r/technology/comments/1ba9e5/bitcoin_an_opensource_currency_surpasses_20/?st=JFT45YSZ&sh=dda2cde4

    " Bitcoin Falls 90% "

    https://www.np.reddit.com/r/Bitcoin/comments/lgwyh/bitcoin_implodes_falls_more_than_90_percent_from/?st=JFT488O3&sh=42add107

    "Chances of Bitcoin becoming Widespread. Buy Now?

    https://www.np.reddit.com/r/Bitcoin/comments/kjglf/so_what_are_the_odds_of_bitcoins_becoming/?st=JFT49GTN&sh=d39f3aa0

    " Days From Bitcoin Far Over "

    https://www.np.reddit.com/r/Bitcoin/comments/hxh6u/relax_guys_the_days_of_bitcoin_are_likely_far/?st=JFT4EG4X&sh=f24a7146

    submitted by /u/Coingurrruu
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    Another Goldman exec dumps Wall Street for crypto world

    Posted: 09 Apr 2018 02:50 PM PDT

    Girlfriend got me this awesome key ring today!

    Posted: 09 Apr 2018 02:57 PM PDT

    Cool 3D visualization of the mainnet Lightning Network

    Posted: 10 Apr 2018 12:47 AM PDT

    Hal Finney: Bitcoin Pioneer Cryptographic Legend

    Posted: 09 Apr 2018 08:57 AM PDT

    Last night, April 8, 2018, three programs on Showtime and HBO all mentioned cryptocurrency as legitimate stores of value in their plot lines

    Posted: 09 Apr 2018 06:48 AM PDT

    -Homeland ("Darwin loves bitcoin") -Silicon Valley (mining bitcoin, noting how volatile it is) -Billions (turning cash into cryptocurrency to evade government detection)

    submitted by /u/ronaldinho621
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    All four of Andreas Antonopoulos’ appearances on the Joe Rogan Experience

    Posted: 09 Apr 2018 04:29 PM PDT

    TIL: Satoshi Nakamoto was the first to introduce the idea behind Lightning Network!

    Posted: 09 Apr 2018 10:55 PM PDT

    Why it is Mathematically Impossible for Bitcoin to be at the end of a Bubble Cycle

    Posted: 09 Apr 2018 10:01 PM PDT

    A typical bubble occurs when a group of investors are too invested in an asset class and then decide to flee that asset en-mass with most not returning.

    The recent drop in Bitcoin is deceptive because it has most of the hallmarks of a bubble bursting. Even the charts look practically identical to a classic bubble in economic theory.

    The major difference between bitcoin today and those other bubbles is that the number of wallets and users has not peaked yet.

    During the real estate bubble, for instance, almost all available buyers were maxed out into the market. And even though the real estate bubble was significant by historical standards house prices didn't go to zero. They have since fully recovered and are actually above their peak levels in the United States.

    At the beginning of the downswing in prices Coinbase was opening between 40-100k thousand accounts per day. Although we don't have the exact numbers those numbers are definitely still increasing.

    LocalBitcoins for instance is still doing 80 million dollars per week in bitcoin sales. During the peak in December the number was about 130 million.

    If Coinbase by itself at 15 percent of the market is adding say 300k users per month presently, it wouldn't be crazy to conclude that the entire world is adding 700k-1mil users per month at exchanges etc.

    Bitcoin by nature is a limited resource. Every day more and more people are trying to buy that limited resource. Even if they eventually sell, the first natural action of a new Coinbase user is to buy Bitcoin. In order to sell Bitcoin they have to have bought it first unless they already had it.

    My point is that I too thought that we were in a catastrophic bubble where prices would go to 100 dollars per coin. But after looking at the growth in the number of people involved it became obvious that the reason for the recent market drop was because of how quickly prices had increased.

    People who bought at $300 in 2013 and still had coin would be sort of irrational if they didn't take advantage of the ability to cash out their investment.

    It would be a huge mistake for people to look at the market and give up on Bitcoin. Price movement is inevitable in situations where people have made millions of dollars quickly. But as the amount of networks increase that are connected to and that are linked to bitcoin in some way, the more fractional individual ownership of the coins will become and the less influence any one person will be able to have on the market.

    Bitcoin is just a way for people to store their money online. Old people used to hide it under the mattress today they hide it on a piece of paper somewhere.

    submitted by /u/olesentv
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    Bitcoin, Mining, Volatility mentioned in Yesterday's Silicon Valley episode

    Posted: 09 Apr 2018 10:46 AM PDT

    How a veteran hodler (left) handles the bear market vs. a new hodler (right)

    Posted: 10 Apr 2018 03:24 AM PDT

    Institutional buyers and sellers getting more services: Winklevosses' Gemini to Offer Cryptocurrency Block Trading

    Posted: 09 Apr 2018 04:37 PM PDT

    Coincards.ca is now Lightning Network Enabled

    Posted: 09 Apr 2018 03:23 PM PDT

    Xerox Alto Restoration Part 17 - Xerox Alto Demo ... and mining Bitcoin with it.

    Posted: 10 Apr 2018 02:38 AM PDT

    Is this community TOO pro Bitcoin?

    Posted: 10 Apr 2018 02:05 AM PDT

    I get it, we all believe in Bitcoin, most of us own Bitcoin, etc. Lately when I've seen people post factual articles or comments that are bearish on bitcoin or negative in some way, they're down-voted to hell. Is that really healthy for this community?

    I want to see both sides of the coin (no pun intended) as long as the information is good. Surrounding yourself with like minded people is nothing less than a confirmation bias and is very unhealthy.

    So next time you see a comment or post that is good, verifiable information, but you may not like because you've got your hand in the cookie jar, maybe think twice about down-voting.

    submitted by /u/Jadencallaway
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    Bitcoin shows double-bottom bullish reversal

    Posted: 10 Apr 2018 12:24 AM PDT
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