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    Bitcoin Daily Discussion, April 03, 2019

    April 03, 2019

    Bitcoin Daily Discussion, April 03, 2019

    Daily Discussion, April 03, 2019

    Posted: 03 Apr 2019 12:00 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!

    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!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    When BTC Jumps 20%

    Posted: 02 Apr 2019 05:12 PM PDT

    Woke up this morning and saw the price testing $5000, so really had to rush this price cartoon out! [Cryptopop.net]

    Posted: 02 Apr 2019 08:35 PM PDT

    Clap along if you feel the BTC will touch 6k �� ��

    Posted: 02 Apr 2019 07:28 PM PDT

    Looking at the price today when you had planned to buy yesterday

    Posted: 02 Apr 2019 09:05 AM PDT

    Bitcoin and taxes

    Posted: 02 Apr 2019 09:45 PM PDT

    Nice try Google Photos

    Posted: 02 Apr 2019 07:15 AM PDT

    Breaking: US dollar plunges 18% against Bitcoin over last 24 hours.

    Posted: 02 Apr 2019 04:10 PM PDT

    Shitcoin imploding.

    submitted by /u/RogerWilco357
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    Everyone must warming up Vegeta memes....

    Posted: 02 Apr 2019 05:01 PM PDT

    Just a friendly reminder to get your coins off exchanges such as Coinbase. Also newcomers take note that Robinhood doesn’t allow you withdraw your bitcoin. They only allow you to sell it for dollars.

    Posted: 02 Apr 2019 12:35 PM PDT

    If you have your coins on an exchange take note that hacks and employee theft have lost users millions. MT Gox customers still haven't received anything lost after 5 years now and most of the time you will never see your money again if stolen.

    You can avoid this by putting your coins into a wallet that is under your control versus an exchanges control: https://bitcoin.org/en/choose-your-wallet

    For more than $500 worth of bitcoin it is highly recommend you look into buying a hardware wallet.

    You've been warned don't cry and cry on here if you ignore this advice repeated time and time again.

    submitted by /u/miigul99
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    [lawsuit] Anyone feel like Coinbase owes you damages?

    Posted: 03 Apr 2019 12:06 AM PDT

    Another Coinbase frozen account story but trying to give this one a different ending + maybe provide a direction for recourse if you've been equally screwed by Coinbase.

    I have spent months trying to get my money unfrozen, refunded, or something. I've lost significant investment opportunities in the market but have been keeping record of trades and I am pursuing a damages claim. Has anyone had the same problem?

    Perez Vaughn & Feasby have helped people get their money back. Mike Perez and Jeff Feasby have a case right now that is going to arbitration on a claim similar to mine.

    Please reach out to me if you have information that can help me or maybe I can help you.

    To be clear, I am not a lawyer and I have no legal background. I am just another Coinbase account holder who is getting screwed.

    submitted by /u/shouldahcouldah
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    Some folks ask us to mark where exactly they should drill/shoot/destroy their @COLDCARDwallet for permanent disposal. A visual aid was added :)

    Posted: 02 Apr 2019 11:58 AM PDT

    Should have bought the dip

    Posted: 02 Apr 2019 08:21 PM PDT

    There's a lesson here.

    Posted: 02 Apr 2019 01:41 PM PDT

    I have 2 observations regarding today's rally:

    #1: All of my Crypto YouTube channel subscriptions that have been slowly dwindling on video output are back in full force as if they never left.

    #2: Andreas M. Antonopoulos's newest video is literally the only one uploaded today that does not mention the current rally at all in the title. ("Bitcoin Q&A: Iterating nonces and the block reward") His videos also never stopped.

    Be like Andreas.

    submitted by /u/Subfolded
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    Bitcoin flirting with 5k again...

    Posted: 02 Apr 2019 09:49 PM PDT

    I paid my dentist with Bitcoin (Ukraine)

    Posted: 02 Apr 2019 11:42 AM PDT

    I changed the dentist. I had a visit today, after which I had to pay cash. But I forgot to withdraw the cash, and my new dentist does not use any banks. I jokingly said: "I wish I could pay with Bitcoin".

    He heard something about Bitcoin, said that his brother once had 10 BTC.

    He asked how he could earn Bitcoin. I answered that as well as the dollar, euro or hryvnia (Ukrainian currency) and offered him to pay for his work in Bitcoin. He agreed.

    I installed him Mycelium wallet and explained how to use it, and the importance of the mnemonic phrase.

    All right, now I've a personal dentist who takes Bitcoin.

    ​

    Dear Oleksandr,

    Welcome to the new digital economy of the future and welcome to the club! 😎

    P.S. Thank you for your work. My gum feels much better now.

    submitted by /u/TheFuzzStone
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    Bitcoin Core vs Wasabi Wallet — Network Level Privacy

    Posted: 03 Apr 2019 02:39 AM PDT

    Nice to see you again!

    Posted: 02 Apr 2019 08:32 AM PDT

    $10k invested. 3 years prison. Out now!

    Posted: 02 Apr 2019 03:15 PM PDT

    Looks like Lnd 0.6 is getting close to release

    Posted: 03 Apr 2019 12:10 AM PDT

    I've started referring to dollars as "Federal Reserve Notes" to mess with people. You should try.

    Posted: 02 Apr 2019 03:12 PM PDT

    For example asking if someone accepts Federal Reserve Notes. When they question me I point out they are labeled as such on the note.

    submitted by /u/PinkBearded
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    Tim Pool (323k subs) blasts Gizmodo's fake news article

    Posted: 03 Apr 2019 03:00 AM PDT

    5-Star Swiss Hotel Set to Accept Bitcoin Payments

    Posted: 03 Apr 2019 12:12 AM PDT

    Blocks until mining reward is halved: 60,000 (friendly reminder :)

    Posted: 03 Apr 2019 02:25 AM PDT

    If an influx of some $100 million moves the price of one Bitcoin with a $1000.........

    Posted: 02 Apr 2019 11:30 AM PDT

    I saw this on Zero Hedge:

    Oliver von Landsberg-Sadie, chief executive of London-based cryptocurrency firm BCB Group, said the move was likely triggered by an algorithmic order worth about $100 million spread across major exchanges - U.S.-based Coinbase and Kraken, and Luxembourg-based Bitstamp.

    "There has been a single order that has been algorithmically-managed across these three venues, of around 20,000 BTC," he said. "If you look at the volumes on each of those three exchanges – there were in-concert, synchronized, units of volume of around 7,000 BTC in an hour".

    So there was an influx of some $100 million that caused Bitcoin to rise $1000 a coin. Yes I guess it triggered some shorts to be covered etc..

    But an influx of $100 million is just a small amount when looking at some budgets. Russia is roughly buying a million ounces of gold each month, that's more than one billion $. What if Russia decided to invest half of that money next month into Bitcoin...

    If it would only have the same effect of that $100 million influx Bitcoin would rise $5000 a coin. What if Russia would do that the coming 12 months? What if China decided to join after some months, what if they would double that amount.

    You can bet other countries wouldn't be just watching and see where the price would go to. Nor would the average investor and others. It will simply be a waterfall of countries, investors, companies and normal people who will blindly jump in and the absurd price movements would make December 2017 look like a minor spike on the charts.

    Wishful thinking, absurd, dreaming you say? Well guess what I was told halfway 2017 when I said I expected Bitcoin to be worth more than $10k within 5 years time. How could I know it would be double that prediction in only 6 months...

    It's simple math, if governments, pension funds, investors, etc will just be toe tipping into Bitcoin, the price movements will be so big that December 2017 will look like a warmup party.

    There will be so many spikes like today, and bigger, for such a long time it will be on every news outlet, in each newspaper, be talked about at every coffee machine, and here at reddit we will see people go crazy like never before.

    At this moment it's still a gamble if this will work out let alone when, so invest only what you are willing to loose. But once it gains momentum don't think you will have much time left to start learning about it, setup an account, start accumulating.

    I simply don't see any other escape from the devastating fiat ponzy we are in right now. It will be both the realization of the worthlessness of fiat combined with the insight that Bitcoin is different that will cause an unstoppable wealth transfer.

    When will you start to see it, start to believe in it, start to transfer your wealth into Bitcoin? At 10k, at 100k? Why don't you think out a plan, make up your mind about what would convince you Bitcoin isn't some scam? At what price level would you think it is safe to gamble/invest 1% of your wealth into it, when to invest 10% of your wealth in it? Would you be ready if the first pension fund announced it invested in it, or if a small country would admit it put some of it's reserves into it? Just think about it, make a plan, be ahead of the herds.

    The next ath will probably take the price to a level where an average family will have a very hard time to just get 1 Bitcoin, but could easily take it to levels it will just become impossible. Even if after that ath it would drop again with 70-80% it will very likely be way above the current price. And if you would go and explore above samples and realize how much money will be involved it's hard to imagine it will ever again reach current levels once those gates are opened. Compare it to what it would take to invest $5k right now.

    I try to explain I think it's a bigger risk to have no exposure at all than to miss out if Bitcoin would succeed.

    Don't go crazy with your exposure, but investing some money you can miss, to me that is more sound than dismissing Bitcoin all together. Don't just believe what i say, learn what Bitcoin is how it works, make sure you understand where you put your hard earned money into.

    But start learning today, you won't be able to go back in time.

    submitted by /u/Btcyoda
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