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    Bitcoin Daily Discussion, August 03, 2019

    Bitcoin Daily Discussion, August 03, 2019


    Daily Discussion, August 03, 2019

    Posted: 03 Aug 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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    Are we going to see new recession?

    Posted: 02 Aug 2019 03:07 PM PDT

    As Bitcoin gets closer to $11k again, remember to hodl, friends.

    Posted: 02 Aug 2019 07:54 AM PDT

    Germany's entire yield curve dives below 0 first time ever. 30 year debt with negative yields.

    Posted: 02 Aug 2019 07:22 PM PDT

    U can purchase bitcoins at the Cluj Napoca (Rumania) airport. Bought 2€...road to be rich LoL

    Posted: 03 Aug 2019 01:04 AM PDT

    One coin to rule them all

    Posted: 03 Aug 2019 01:48 AM PDT

    Bitcoin is money

    Posted: 02 Aug 2019 12:23 PM PDT

    So Bitcoin just peaked at an ATH of ~430 "proof of work equivalent days". That refers to the time required to rewrite Bitcoin's entire history if you had 100% of hashpower.

    Posted: 02 Aug 2019 12:18 PM PDT

    Schiff wishes he would have bought early because then he would now be a billionaire. I hate to break it to you Schiff, but no you wouldn't be.

    Posted: 03 Aug 2019 12:22 AM PDT

    You would have bought at $5 and sold at $100 at most because you have no sound understanding of this technology and what it's about. You would never have HODLed all the way to current prices.

    This applies not just for Schiff, but for a lot of people who say "I wish you would have convinced me sooner".

    submitted by /u/btcfan8877lol
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    Steve Bannon goes against Trump on bitcoin, saying 'cryptocurrencies have a big future'

    Posted: 02 Aug 2019 09:20 AM PDT

    Apple credit card will not allow purchase of bitcoin

    Posted: 02 Aug 2019 03:40 PM PDT

    Ben Shapiro just made the case for Bitcoin as a solution to fiat currency on his show today. (Clip starts at the 47:50 mark)

    Posted: 02 Aug 2019 04:24 PM PDT

    "Surely my government will not hyperinflate my money..."

    Posted: 02 Aug 2019 07:42 AM PDT

    The Fed just lowered interest rates

    This means there is MORE INFLATION in the US economy, and by extension, the world. This means your fiat money is worth less today than it was yesterday.

    The only risk in Bitcoin is thinking Bitcoin is somehow more risky than fiat when literally two days ago, someone at the top of central banks, just decided to print trillions more money out of thin air in order to devalue everyone's USD currency.

    "Surely my government will not hyperinflate my money..." is one of the most risky thing you can think of. Bitcoin ensures, guarantees through math and cryptography, that no one can print more of it. I don't need to "hope". I have a sure-thing available to me.

    The risk is in holding fiat, not Bitcoin.

    "Surely my government won't print money out of thin air..."

    "Surely my government won't remove gold from backing the dollar..."

    "Surely my government won't remove gold as the standard currency..."

    submitted by /u/vexcoin
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    Why do some people say that Bitcoin is a Ponzi Scheme?

    Posted: 03 Aug 2019 02:20 AM PDT

    SATOSHI logo DESIGN

    Posted: 03 Aug 2019 03:09 AM PDT

    8BITCOIN, a bitcoin miner for the Apple II

    Posted: 02 Aug 2019 10:31 PM PDT

    "Bitcoin accepted here"

    Posted: 02 Aug 2019 10:28 PM PDT

    So I bought a gold bar

    Posted: 02 Aug 2019 04:23 AM PDT

    I wanted to diversify. Now: 1) I instantly lost 15% of value. If I want to sell it right away to the same bank, I would get 15% less.
    2) packaging. It's in sealed plastic package. They told me if the gold bar moves inside the packeting because of packaging damage, I could not sell it to the same bank. And the certificate is void.

    Needless to say if I sell it as crude gold, I will lose way more that 15%.

    That means that I cannot use it as payment method and cannot pay with part of my gold.

    That makes gold... well gold. It's not useful for payments, and it's quite questionable store of value.

    Edit: bought from bank

    submitted by /u/ikustov
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    Mining Bitcoin on an Apple II from 1983

    Posted: 02 Aug 2019 01:42 PM PDT

    I launched a clothing line that accepts crypto! To celebrate and give back to the community, here's 0.1 BTC to whoever can solve the image. Goodluck!

    Posted: 02 Aug 2019 07:48 AM PDT

    Mom just called and asked if I still got bitcoin

    Posted: 02 Aug 2019 06:31 AM PDT

    That's gotta be bullish

    submitted by /u/Eomyst
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    How's that FOMO working for you?

    Posted: 02 Aug 2019 09:10 PM PDT

    Just wondering. I keep adding. I feel a fundamental market shift.

    submitted by /u/PancakeVsWaffle
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    Yeah, those are my kids

    Posted: 02 Aug 2019 01:05 PM PDT

    Bought a couple cold wallet Kialara’s from over seas and customs went through the box. Lol

    Posted: 02 Aug 2019 09:35 AM PDT

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