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    Bitcoin Daily Discussion, December 17, 2019

    Bitcoin Daily Discussion, December 17, 2019


    Daily Discussion, December 17, 2019

    Posted: 16 Dec 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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    Buy Now

    Posted: 16 Dec 2019 04:14 PM PST

    ⚡ C-Lightning 0.8 released: multi-part payments, Bitcoin mainnet by default, custom onion messages and more

    Posted: 16 Dec 2019 03:28 PM PST

    Almost everything that happened with Bitcoin/crypto in 2019 below, and my 2018 crypto mural above.

    Posted: 16 Dec 2019 08:23 AM PST

    Guide on how to use Bitcoin ATMs for the curious

    Posted: 17 Dec 2019 01:42 AM PST

    Happy Mooniversary!

    Posted: 16 Dec 2019 11:57 PM PST

    Exactly 2 years since Bitcoin's current All Time High, the price is sitting comfortably at $6,880, slightly over 2x in value from last year, and only 1/3 of the way to the ATH.

    • 2017: $19,980
    • 2018: $3,200
    • 2019: $6,880
    • 2020: ???
    submitted by /u/Septem_151
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    Today I did my first Bitcoin purchase

    Posted: 16 Dec 2019 09:41 PM PST

    First sorry for the extremely newbie content.

    I finally bought some Bitcoin!
    I have been postponing this for a long time, more accurately 3 years when at the time my friend who is an enthusiast told me about crypto.
    Bitcoin was 300$ each and I could have bought close to 10, couple months ago when I checked the price then regretted so much, but it happens. So I joined this subreddit to get more information and I decided to not lose the trend again.
    Thank you all!

    submitted by /u/TsuruMaker
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    Over the past year my team and I have been tirelessly working to build a Bitcoin onramp built by Bitcoiners, for Bitcoiners. Today, I'm excited to introduce River Financial: the best place to buy, sell, and use Bitcoin for the long term investor.

    Posted: 16 Dec 2019 08:55 AM PST

    Hey /r/bitcoin! I'm Alex Leishman, a longtime Bitcoiner and member of this sub.

    Today I'm very proud to announce the launch of River Financial (river.com), a financial institution built specifically for long-term Bitcoin investors.

    TL;DR At River.com you can:

    • Connect your U.S. bank account and buy Bitcoin at a competitive price with USD
    • Setup recurring Bitcoin purchases with discounted fees
    • Send and receive Bitcoin onchain or via the Lightning Network
    • See detailed investment performance metrics and select specific tax lots when selling (coming soon)
    • Easily access human support (phone, chat, email)

    Background

    Like many of you, I became quite frustrated over the last few years as I watched many once-respected companies in the space (e.g. Coinbase) turn their backs on Bitcoin and become casinos for altcoin trading. So, I decided to compete with them and build the company that Bitcoin deserves.

    At River.com we deeply believe that Bitcoin (and Bitcoin alone) will continue to grow in its role as a globally recognized currency and store of value, and will eventually sit alongside or challenge today's government-backed fiat currencies. We're building a financial institution around this hypothesis.

    We have built our technical infrastructure from the ground up. All core applications run on our own servers sitting in a 2,000lb vault only we have access to (not your servers, not your company). And, of course, the vast majority of funds are held in a multisig PSBT-based cold storage system. By focusing exclusively on Bitcoin, we can provide access to the latest features Bitcoin has to offer. We already support the Lightning Network and will be ready to go with Schnorr support if/when the taproot soft fork is accepted by the network!

    If you'd like to read more about River Financial and who we are, check out our blog post here.

    We are based in San Francisco, and growing quickly. We are currently still in invite-only mode as we scale up. If you are eager to get access, sign up here river.com/request and DM me. I'll see what I can do ;)

    Feel free to ask any questions below!

    FAQ

    How are you better than Coinbase?

    • Discounted recurring purchases
    • Lightning Network Support
    • Proper accounting and financial reporting tools (easily see your unrealized gains and losses)
    • Human support
    • And lots more to come

    What states do you currently support?

    • California
    • Maryland
    • Massachusetts
    • Montana
    • Pennsylvania
    • Texas
    • Wisconsin
    • Wyoming

    With many more coming early next year.

    Will you support other cryptocurrencies?

    No.

    submitted by /u/alex_leishman
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    The way we win..

    Posted: 16 Dec 2019 10:14 PM PST

    The way we win is to buy when they manipulate it lower on the coinbases of the world which are all essentially controlled by the Banks and pull every single Satoshi off these exchanges and into our own wallets as soon as they clear. They cannot win when enough of us dollar cost average and HODL our own keys period. All the paper bitcoin in the world can't invalidate the mathematical certainty of bitcoins hard limit! The Ouroboros of Wall St has begun!

    submitted by /u/BitcoinCanSaveUsAll
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    Senate Hearing Into Cash & Bitcoin Transaction Ban Receives Strong Criticism In Australia

    Posted: 16 Dec 2019 11:01 PM PST

    Roger Partners with Hex Scam | Quadriga CEO Body Requested | Bitcoin Drops - Zoom Out

    Posted: 16 Dec 2019 06:23 PM PST

    Reminder: Obama once endorsed Bitcoin.

    Posted: 16 Dec 2019 11:29 AM PST

    Bitcoin is a very disruptive technology and that it can impact at least 50 different industries.

    Posted: 16 Dec 2019 09:17 PM PST

    "In five years it will be trivial to have a bitcoin node stored on your phone" (Phil Chen, chief decentralized officer, HTC)

    Posted: 16 Dec 2019 08:43 AM PST

    How do you buy bitcoin?

    Posted: 16 Dec 2019 11:46 PM PST

    Never invested and I am quite curious how one professionally goes about investing in cryptocurrency securely?

    submitted by /u/BC_MARINO
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    Always Compare & Use the Platforms for Cryptocurrency

    Posted: 17 Dec 2019 01:09 AM PST

    Best place to buy/sell bitcoins ,Always Compare & Use the Platforms for Cryptocurrency , here is a list of few .. https://blog.coinbaazar.com/compare-fee-for-cryptocurrency-exchanges/

    submitted by /u/yun21038
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    Video: Escher Hub Demo - Purchase BTC instantly with USD Bank Transfer via Zelle

    Posted: 16 Dec 2019 09:46 PM PST

    Just completed Bitcoin Collector with 0 deaths in 4 minutes and 18 seconds (the recording is sped up)

    Posted: 16 Dec 2019 12:09 PM PST

    Gettxoutsetinfo

    Posted: 16 Dec 2019 09:00 PM PST

    Can this RPC call work if chain is not yet fully synced?

    submitted by /u/asnahhh
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    A Year After Bottoming Out at $3,100, Bitcoin is Up 127%

    Posted: 16 Dec 2019 07:06 AM PST

    Bitcoin 2020: What’s Ahead

    Posted: 17 Dec 2019 01:08 AM PST

    The breakout roadmap for Bitcoin (BTC) thusfar

    Posted: 16 Dec 2019 02:05 PM PST

    "Bitcoin Going to Zero" Narrative Thrives Again - What does it Mean?

    Posted: 17 Dec 2019 12:46 AM PST

    On days like today, I don’t even wanna look at my account...

    Posted: 16 Dec 2019 03:56 PM PST

    Because I know I still have same amount of bitcoin as yesterday u baboon.

    submitted by /u/harrysown
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    An appeal for better metrics

    Posted: 16 Dec 2019 02:54 PM PST

    Fellow bitcoiners,

    In times like these I really find it difficult to come to this community. Not because of the mild panic (that one, at least, is honest). Although I don't see a reason to panic, I get it. You bought some fractions of BTC because someone told you to "buy the dip", and since June this year this strategy is simply failing. No problem, I hope you're not in too deep. Be aware that you are speculating, learn how to control your emotions. I kind of like the HODLs, the drama, it's fun and maybe a bit childish but again, that is not why I find it difficult to come to this community these days.

    What makes it really tiresome are the posts we constantly have to read about "ATH", "DCA", "focus on lowest yearly price", "focus on moving averages", Fibonacci numbers, Stracciatella fractions etc. It was fine to have an argument about all this a long time ago, but it's clear that the message is just not getting through. So I wanted to state it more clearly here: regardless of price, regardless of trends and patterns, if we really want to know where BTC/USD is moving we need to look somewhere else entirely. Because if I know one thing it's that yesterday's price will tell you nothing about tomorrow's - yet that's all we keep arguing about here.

    Instead, I would love to come on here and see some real discussions about metrics that might actually matter way more. Those that could tell us a bit of truth about where bitcoin is headed next year, next 5 years etc. Here are just some examples of really interesting key metrics off the top of my head:

    • Adoption rates
    • # of good or bad news articles
    • # of supportive or condemning tweets
    • google search trends
    • Government statements or new legislation (good or bad - the good tends to be posted here anyway)
    • Technological data and comparisons

    Let's be more than fanboys. Let's try to have a reasonable discussion about where bitcoin might be headed. Because one thing is clear - we are doing a huge disservice to people coming on here for the first time, reading "buy the dip" and thinking that this is just a small storm to be weathered.

    PS don't google stracciatella fractions I made those up.

    submitted by /u/falldownreddithole
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