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    Bitcoin Daily Discussion, November 24, 2019

    November 24, 2019

    Bitcoin Daily Discussion, November 24, 2019

    Daily Discussion, November 24, 2019

    Posted: 23 Nov 2019 11:00 PM PST

    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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    Without Bitcoin, a cashless society is an Orwellian surveillance society. A sobering reminder of what's actually at stake here. Bitcoin is our way to opt-out, not "get rich".

    Posted: 23 Nov 2019 02:19 PM PST

    Checkout these laundry token in Kuala Lumpar, Malaysia..��

    Posted: 23 Nov 2019 04:08 AM PST

    The first countries to adapt bitcoin will be the ones who flourish the most

    Posted: 23 Nov 2019 11:50 PM PST

    Bitcoin Core 0.19.0.1 released

    Posted: 24 Nov 2019 03:15 AM PST

    Starbucks - NYC “Buy Bitcoin”

    Posted: 23 Nov 2019 03:35 PM PST

    New Segwit adoption ATH at 65.15%!!

    Posted: 23 Nov 2019 09:38 PM PST

    Building a Bank - No License Needed

    Posted: 23 Nov 2019 07:56 PM PST

    Building a Bank - No License Needed

    RPi4 + X825 Sata + X735 Power conditioner + Crucial MX 1TB SSD + Geekworm case.

    Running myNode : BTC + LND + Electrum + BTC-RPC Explorer + TOR + VPN + Coinjoin.

    Nuff said?

    Self Sovereignty.

    submitted by /u/coinCram
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    I really dont care if Bitcoin pumps or dumps. The only thing i know is this....

    Posted: 23 Nov 2019 03:11 PM PST

    Top 10 Best Bitcoin Books of All Time (2019)

    Posted: 24 Nov 2019 12:34 AM PST

    ESPN took my Pro-Bitcoin sign

    Posted: 23 Nov 2019 10:13 AM PST

    Etoro and BTC logo on BBC

    Posted: 23 Nov 2019 01:36 PM PST

    ��PSA�� A private equity company just bought the rights to the entire .ORG domain registry & @ICANN removed price caps

    Posted: 23 Nov 2019 04:39 AM PST

    Dollar Cost Average while prices are low so you don't have to worry about missing the boat when prices are high.

    Posted: 23 Nov 2019 01:52 PM PST

    If you already have a successful strategy, keep doin what your doin.

    submitted by /u/blind_mowing
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    Is it time to panic?

    Posted: 23 Nov 2019 06:24 AM PST

    Was Bitcoin an awesome idea from the start? Yes.

    Does Bitcoin work? Yes.

    Is Bitcoin secure? Yes.

    Is Bitcoin scarce? Yes.

    Does Bitcoin continue to improve? Yes.

    Can a person tell much by looking at price changes over a relatively short period of time? No.

    Is Bitcoin's price volatile? Yes.

    Does Bitcoin's price volatility matter to long-term, buy-and-hold investors/owners? No.

    Do many people know what Bitcoin actually is, and the basics of how it works? No.

    Do many people understand fiat money? Fractional reserve banking? Central banking? No.

    Is the current global financial system still based entirely upon fiat currencies? Yes.

    Is fiat money backed by anything? No, not since 1971.

    Is fiat money created from thin air by central bankers? Yes, by the trillions.

    Is excessive "money printing" a form of theft? Yes.

    Do fiat currencies always devalue to zero? Yes.

    What about today's fiat currencies? They are well on their ways to zero.

    Did criminal bankers get bailouts about ten years ago? Yes.

    Did criminal bankers go to jail for causing the 2008/9 crisis? No, they got paid huge bonuses from the bailout money.

    Did anything significant get fixed as a result of 2008/9. No. In fact, today's situation is even worse than then.

    Are banker bailouts still happening? Apparently: recent Fed repo activities... looks like some Too Big To Fail / Too Big To Jail entity is insolvent. Stay tuned.

    Is the economy doing well? For the top one-tenth of one percent, yes. For the rest, the bottom 99.9% - with few exceptions, no.

    Are there asset bubbles due to central bank activities? Yes, in stocks, bonds, real estate, fine art, etc.

    Do asset bubbles always pop? Yes.

    Is there negative interest rate debt? Yes. Many trillions, and growing.

    In all recorded history, have there ever been negative interest rates? No, not until very recently.

    Are negative interest rates a strong warning signal. Yes.

    Is Bitcoin better than fiat money? For getting paid and buying groceries, not yet. For long-term, buy-and-hold investing, yes.

    Is Bitcoin a better long-term investment than stocks? Yes.

    Is Bitcoin better than bonds? Yes.

    Is Bitcoin a better long-term investment than real estate? Until the current bubbles pop, certainly. For all time? Yes, because real estate has significant holding costs, real estate can be confiscated, real estate is a sitting duck for high taxes.

    Is Bitcoin better than gold? In many ways, yes. Overall, for sure.

    Should people panic and sell their Bitcoin holdings because of a sudden change in price? That's not for me to decide. Still, I learned a long time ago not to panic.

    Has Bitcoin seen sudden and significant price changes in the past? Yes, both up and down.

    What is Bitcoin's long-term ROI? More than 100% per year, on average.

    Is there any reason to believe the long-term ROI trend will continue? Read this post again, from the top...

    submitted by /u/Mark_Bear
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    Me, waiting for that next uptick in value.

    Posted: 23 Nov 2019 04:39 PM PST

    Why does forbes hate bitcoin?

    Posted: 23 Nov 2019 01:04 PM PST

    I literally see them make a shit talking about bitcoin all the time saying its useless. Fuck forbes.

    submitted by /u/Redditer252
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    Trezor vs ledger (my personal experience with both wallets after not accessing them for 2 years)

    Posted: 23 Nov 2019 12:16 PM PST

    I had a trezor1 and a ledger nanoS put away for a couple of years and recently took both of them out of storage to switch around a few crypto's.

    Trezor -was simple and other then a (optional) software upgrade I was able to access my funds and move things around with zero problems

    Ledger- i was in panic mode I had to download a new software onto my computer and reinstall my private keys and was in panic mode for 20 minutes thinking I may lose access to my coins After downloading new software onto my computer and reinstalling my private key I was finally able to gain access to my coins

    Overall trezor was much easier and less of a hassle after not having used my wallets for a number of years and I'm currently keeping my coins on trezor and dumped my ledgers. I also have always preferred trezors interface to ledgers

    Just my personal preference and experience but I'll take a trezor over a ledger any day

    submitted by /u/Silverfox_force5
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    It’s almost winter and hodl mode ON

    Posted: 24 Nov 2019 03:29 AM PST

    I now own one bitcoin.

    Posted: 23 Nov 2019 03:44 AM PST

    And that's all I'm buying. I fully believe bitcoin will moon but I want to enjoy the ride not be pooping myself everytime I load the ticker website.

    Also: NOT YOUR KEYS NOT YOUR COINS BROS

    submitted by /u/------_________
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    China Has to Periodically Unban Bitcoin so it Could Ban it Again - 7Bitcoins

    Posted: 23 Nov 2019 07:26 AM PST

    Saw this in the paper today (no, I'm not a boomer reading the newspaper!)

    Posted: 23 Nov 2019 08:46 PM PST

    How can China ban bitcoin?

    Posted: 24 Nov 2019 01:26 AM PST

    Something I don't understand with all this FUD about China banning bitcoin. I just don't get how? Bitcoin was created to be borderless. Even if China makes it illegal certainly it's still possible to use and transact it....so what's the big deal?

    submitted by /u/LoveWarmHugs2019
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    The Chaos Theory and the Bitcoin UASF

    Posted: 23 Nov 2019 11:26 AM PST

    China is forming a new committee to regulate blockchain technology. Is this going to mean another spike...?

    Posted: 24 Nov 2019 03:32 AM PST

    A moment of honesty

    Posted: 24 Nov 2019 03:27 AM PST

    A moment of honesty

    Even though I am aware of technological aspects behind Blockchain, I bought Bitcoin with a hope that price will reach the Moon so I can exchange it to a dirty fiat money and buy myself something nice.

    https://preview.redd.it/0wvy84vlcm041.jpg?width=460&format=pjpg&auto=webp&s=f486589d65fb5befcf3f08de5a6b74db65896714

    submitted by /u/MJCRPT
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