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    Bitcoin Daily Discussion, June 24, 2019

    June 24, 2019

    Bitcoin Daily Discussion, June 24, 2019

    Daily Discussion, June 24, 2019

    Posted: 24 Jun 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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    Glad to at least have you guys

    Posted: 23 Jun 2019 02:41 PM PDT

    2018 vs 2019

    Posted: 23 Jun 2019 03:44 AM PDT

    When bitcoin starts pumping so you go to Daily Discussion to see what ppl are saying, but no ones commented yet

    Posted: 23 Jun 2019 01:43 PM PDT

    I hope this meme will be used some time

    Posted: 23 Jun 2019 03:00 PM PDT

    Ran into these guys casually walking in NYC. They were super nice

    Posted: 23 Jun 2019 09:19 AM PDT

    Bitcoin: Could 100K Be New 10K?

    Posted: 24 Jun 2019 01:54 AM PDT

    The bitcoin store of value argument, simply put.

    Posted: 23 Jun 2019 09:05 AM PDT

    The wealthy dont leave money in banks, banks are risky for large sums and carry inflation risk.

    The wealthy store their money in mediums like Realestate, Bonds, Rare Art and Gold. The problem with these assets is they either carry default or counterparty risk (Bonds), are highly illiquid and hard to sell (Rare Art), or are hard to transport and geographically restrictive (Realestate and Gold).

    Bitcoin simply put is the first asset in human history that the wealthy can park large sums of money in while remaining highly liquid, having zero default or counterparty risk and all while allowing complete and frictionless geographical mobility.

    Bitcoin is the best store of value the world has ever seen not because it lacks volatility (Stability will form over time) but because there is zero default risk, zero counterparty risk, while remaining highly liquid and allowing complete geographical mobility.

    Bitcoin does everything at once, it fulfills all functions of a perfect store of value, something that has never existed before.

    I can envision a day not too far in the future when bitcoin is preferred as a store of value over Realestate, Bonds, Rare Art, Gold and of course bank deposits.

    submitted by /u/slvbtc
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    So apparently there are only 70 days that Bitcoin has been unprofitable to buy. This means that if you’ve bought Bitcoin at any random point in time there’s a 98.17% chance that you’re profitable

    Posted: 23 Jun 2019 05:04 AM PDT

    Welcome back, $11K :)

    Posted: 23 Jun 2019 12:20 PM PDT

    How did r/BTC get misappropriated by BCH shills? Is it possible to remove the mods?

    Posted: 23 Jun 2019 11:18 PM PDT

    It's blatant deception to try to convert people searching for information on BTC to BCH. Is there any precedent for removing mods for egregious deception and attempts to spread misinformation?

    submitted by /u/admin_default
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    HOLD ON!!

    Posted: 23 Jun 2019 09:21 AM PDT

    Israeli Brothers Arrested for Phishing Scams & Bitfinex Hack

    Posted: 24 Jun 2019 02:11 AM PDT

    6 moths ago I was showing this chart to everyone who said "BTC is dead"

    Posted: 23 Jun 2019 02:10 PM PDT

    Bitcoin inspiring me to be more conscious of privacy. Any advice?

    Posted: 23 Jun 2019 07:07 PM PDT

    Am I weird for thinking about reformatting all my computers, getting a phone not tied to my name, and deleting / abandoning all social media and email accounts? As I coinjoin some satoshis, I'm becoming more concerned for privacy leaks. Any of you into extreme privacy?advice? Tips?

    submitted by /u/bluethunder1985
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    My best attempt to simplify the math of a 10 million dollar Bitcoin [1₿=10million]

    Posted: 23 Jun 2019 10:50 PM PDT

    🤖₿ So 21 million #bitcoins will ever exist, unlike the dollar that is infinitely printed, which is why it loses value. A #bitcoin is infinitely divisible so no matter how expensive 1 coin gets, infinite fractions of it can be purchased and used. You don't have to buy 1 coin. It's value is the money and things of value behind it÷the number of bitcoins that exist. There are 36 million millionaires in the world today, so by the time every 1 of them try to grab a full bitcoin when it becomes a must have investment, there won't be enough for all of them. That easily pushes 1 coin past 1 million dollars in value when they try to grab a whole coin. Then there are 260 trillion in global #stock markets through #stocks and #derivatives, or what others call #institutionalmoney. The the first US #exchanges are opening to bitcoin and #cryptocurrencies this summer. Once bitcoin is allowed to be traded for stocks, which is only a matter of time now with the #stockmarket opening to the #cryptocurrency markets already, that makes that 260 trillion open to be put behind bitcoin. When that starts to happen; 260 trillion divided by 21 million #bitcoins, puts #1bitcoin over 10 million dollars a coin, or 12 million a coin to be exact. This will likely happen in our lifetimes with everything happening now. That makes every dollar invested even at an 11k price, to be worth 1k$ in possibly 10 years at this rate. I've linked a video in my bio that explains this better. Click it and watch if you wish to understand why it has come this far, & where it's headed ₿🤖

    There's more to it like the halving, about every 4 years the distrabution of bitcoin going out gets cut in half. So first 4 years 10.5 million bitcoins went out, and the demand and use was little so the price was cheap, less than a penny cheap in 2009, to 1000$ in 2013 when it first halved. That's where we are now, so currently only 5.25 million bitcoins are going out which is why the price is running up since investors know this, and always start to buy before a halving to grab coins before their is less to go out. The next halving is next year summer 2020, after that only 2.125 million bitcoins will be going out with 10 trillion in institutional markets opening up to it. The potential is anywhere from 100k to 500k in the short term by late 2020 or early 2021, then another 80+% drop as usual. But in short, at the current prices you're in a good position to be fine after the next correction/drop that'll come after the upcoming halving skyrockets the price. I for one won't stop accumulating till we break 20k, tha last ath. My golden rule is to never buy during ath's

    submitted by /u/BuyBitcoinWhileItsLo
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    Monday Art - Lidia Degtiareva

    Posted: 23 Jun 2019 10:02 PM PDT

    Why not?

    Posted: 23 Jun 2019 02:55 PM PDT

    Bitcoin vs Gold : 1 BTC = 7.64 ounce of Gold

    Posted: 23 Jun 2019 05:52 PM PDT

    All in a days work. And the day isn't over

    Posted: 23 Jun 2019 06:32 PM PDT

    Beware the evil links and ransomware

    Posted: 23 Jun 2019 10:00 AM PDT

    Yup this seems about right

    Posted: 23 Jun 2019 10:18 AM PDT

    Google Trends search for bitcoin at $20k in 2017, vs $10k in 2019. Has the newbies surge not even started for the next bull run?

    Posted: 23 Jun 2019 11:57 AM PDT

    In light of the bitcoin boom the other day I drew this bitcoin whale. ��

    Posted: 23 Jun 2019 08:43 AM PDT

    In Dec 2017 BTC went from 11 to 19k in 15 days

    Posted: 24 Jun 2019 02:38 AM PDT

    PSA: Upcoming disclosure of vulnerabilities in older (pre-v0.17.1) Bitcoin Core clients

    Posted: 23 Jun 2019 12:54 PM PDT
    Read more
    at

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