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    Bitcoin r/Bitcoin's main chatroom just passed 5000 members. Join us!


    r/Bitcoin's main chatroom just passed 5000 members. Join us!

    Posted: 10 Aug 2018 11:10 AM PDT

    Daily Discussion, August 11, 2018

    Posted: 11 Aug 2018 02:00 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.

    We have a couple chat rooms now. Come say hello.

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    It's been a pleasure gentlemen.

    Posted: 10 Aug 2018 03:45 PM PDT

    Sellers, INFLATION is robbing you of Purchasing Power

    Posted: 10 Aug 2018 02:00 PM PDT

    Probably the most unpopular post here

    Posted: 10 Aug 2018 03:20 PM PDT

    Okay so I'm gonna try to keep it short.

    I'm all pro bitcoin and about holding it and waiting for the price to go up. But can we please stop promoting that as if that's what the purpose of BTC is. Bitcoin was made to be a currency and to be used as a currency not some get rich quick scheme, not something you never use.

    I get the logic of, "Hey it dropped back to 6K I'd rather wait until 8K and then use it" but the only logic seems to be,"Hey let's hodl until the world ends"

    If bitcoin isn't used then it's not gonna go anywhere, it's not going to gain any value because what the value in it? It's not a collectors item.

    I get a lot of people missed out on it when it was under a penny, when it was a couple bucks, a couple hubdred, even a thousand. But even if you have $500 in btc right now and it jumps up to 60K in the next 10 years you will have 5K. Yeah it's money, a good return but YOU WON'T BE A MILLIONAIRE.

    Please stop spreading this nonsense around and let's all start trying to get people to use BTC in everyday lives. Talk to a local shop or business about the ease of use, the low transaction fees, and the control. Talk to others about USING it, not hoarding it waiting to make a million.

    That's why the banks and other corporations are stepping in, that's why it's being treated like a stock/bond whatever, because no one is using the thing to buy stuff.

    Keep some of your BTC in the long run for when it does hit 60K, 420K and so on, but actually use the currency too.

    Thanks for the downvotes ahead of time

    submitted by /u/ElevenFives
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    50% dominance - the people’s champion once again!!

    Posted: 10 Aug 2018 08:24 PM PDT

    After seeing my bags down by 45%

    Posted: 11 Aug 2018 02:13 AM PDT

    BTC price chart 2010 - July 2018

    Posted: 10 Aug 2018 08:00 PM PDT

    Hodl on gentlemen!

    Posted: 10 Aug 2018 08:26 PM PDT

    PGA Servers Hacked, Files Locked – Hackers Demand Bitcoin

    Posted: 11 Aug 2018 04:02 AM PDT

    Holding Bitcoin is less risky than holding Turkish Lira

    Posted: 10 Aug 2018 08:08 AM PDT

    BTC dominance is now over 50% - In time every altcoin shall bow before the one true monetary king

    Posted: 10 Aug 2018 08:48 PM PDT

    I see a trend------Dominance now 50.2 %

    Posted: 10 Aug 2018 09:35 PM PDT

    Check out Marketcap.com

    submitted by /u/lambecolin
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    Inflation since Jan 1 2018... Turkey: 180%, Iran: 246%, Venezuela: 34,000%. Central Banks have failed. It's Bitcoin time.

    Posted: 10 Aug 2018 08:02 AM PDT

    Bitcoin.de activates SegWit

    Posted: 10 Aug 2018 11:35 AM PDT

    Bitmain and its IPO valued at respectively 50 and 18 billion $, compared to a bitcoin current market cap of 105 billion $

    Posted: 11 Aug 2018 12:46 AM PDT

    Does it make sense that the main mining hardware company is valued at about half of the total market capitalization of bitcoin? or about a quarter of the market capitalization of all cryptocoins?

    Does it imply that Bitmain, through the mining reward process, has actually captured about 50% of the value of bitcoins in circulation ? or holds up to 50% of all bitcoins?

    Or does it mean that future investors see a large upside potential in bitcoin value, necessary to support Bitmain's business value ?

    Or is it just a wild overestimation of Bitmain based on their latest profit figures, but not indicative of future performance ?

    Thanks for sharing your thoughts on this.

    submitted by /u/joyofpeanuts
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    BITCOIN dominates %50 of the crypto currency market for the first time

    Posted: 11 Aug 2018 02:37 AM PDT

    The BULLISH breakout turned out to be a bearish landslide, how things change in a couple of weeks.

    Posted: 10 Aug 2018 07:52 PM PDT

    What was the last thing you bought with bitcoin?

    Posted: 11 Aug 2018 01:42 AM PDT

    If people share how they're using BTC, we can get a sense of what's possible to somewhat conveniently spend it on. Personally, I'd like to buy books with BTC, preferably not on amazon. If you've bought something, make a post about it. If we upvote "i run a full node" posts, we can upvote this.

    submitted by /u/wisestaccount
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    Hiding a crypto balance?

    Posted: 10 Aug 2018 11:38 PM PDT

    In terms of actual real-world use of bitcoin, like buying something from a cafè, when someone makes a live purchase, the recipient is able to see the buyer's entire balance which could obviously pose as a risk to his/her safety. Having more money makes a target. What are some practical ways around this so that the person doesn't see that the purchaser has control of a lot of crypto?

    submitted by /u/PrettyTom
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    Recent bullish BTC price predictions.. Do you agree with them or disagree?

    Posted: 10 Aug 2018 07:49 PM PDT

    I came all the way up here and there was no btc!

    Posted: 10 Aug 2018 06:42 PM PDT

    New Meme. This time I'm going to kick that football clear to the moon!

    Posted: 11 Aug 2018 12:15 AM PDT

    Presidential candidate of Brazil promises to make Bitcoin (BTC) a legal currency in Brazil

    Posted: 10 Aug 2018 05:02 AM PDT

    Millennials Are Picking Bitcoin Over Stocks

    Posted: 10 Aug 2018 08:14 AM PDT

    Crypto Unicorn Bitmain Weighs $18 Billion IPO, One of World's Largest

    Posted: 11 Aug 2018 01:07 AM PDT

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