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    Bitcoin Daily Discussion, March 09, 2020

    Bitcoin Daily Discussion, March 09, 2020


    Daily Discussion, March 09, 2020

    Posted: 09 Mar 2020 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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    Here we go again.

    Posted: 08 Mar 2020 05:08 PM PDT

    Sure

    Posted: 09 Mar 2020 01:49 AM PDT

    Hang on! It’s going to a wild ride.

    Posted: 08 Mar 2020 08:00 PM PDT

    There seems to be a lot of confusion and consternation on the recent price drop, Quite simple imo. Markets are predicting imminent deflation due the anticipation of debt destruction ie defaults. Also margin calls are requiring cash. Add in risk aversion. This will be short term until the fed (all central banks actually) catches up with the liquidity destruction thru QE, repo funding etc. That will be when bitcoin launches with a boost from the halvening. Hang on. It's going to be a wild ride.

    submitted by /u/pilotfo
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    "Have you thought about trading cryptocurrency futures to take a negative position on bitcoin?", Warren Buffett: "No, I get into enough problems with things that I think I know something about, why in the world would I take a long or short position of something that I don't know anything about?"

    Posted: 08 Mar 2020 05:37 AM PDT

    Excerpt from an interview:

    Reporter: "Have you thought about trading cryptocurrency futures to take a negative position on bitcoin?"

    Warren Buffett: "No, I get into enough problems with things that I think I know something about, why in the world would I take a long or short position of something that I don't know anything about?"

    Yet, in the same interview, Buffett also states that: "In terms of cryptocurrencies, genereally, I can almost say with certainty that they will come to a bad ending."

    And further that: "We don't own any, we don't short any, we'll never have a position in them."

    These statements are contradictory. He says that he doesn't understand it, yet he claims that he can say with certainty that it will take "a bad ending" (whatever that means). Still, he wouldn't short it. Indeed, he would shy away from taking any position at all.

    Has he formed somewhat more of a consistent opinion nowadays and expressed it?

    Source of the interview: https://www.youtube.com/watch?v=YWMmd7hlwNI

    submitted by /u/nick-bravo
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    Monday Art - Vizique

    Posted: 09 Mar 2020 12:40 AM PDT

    Just a reminder, the yearly BTC FUD campaign is coming back

    Posted: 09 Mar 2020 01:08 AM PDT

    You will see negative headlines about BTC in random news and tech sub-reddits as well as other websites.

    You will see constant negative headlines in articles and news.

    You will see constant crowds of people with a negative view of BTC and whenever you try and make a fair comment, you will be lead into a stupid pointless argument meant to distract you.

    There's a good chance this FUD campaign is coming back because of all the fear and panic in the news of the virus and other events. This is strategic and coordinated to put fear into people. I know many of you already are aware of this, stay strong, I imagine things to get worse as fears continue to rise in media.

    Don't get into pointless arguments. Only communicate with people who are being fair and logical. Don't have emotional reactions to headlines. And stay strong, the most important thing to do right now is focus on yourself in your physical reality. Eat healthy, exercise and strive to be the best version of yourself in every second and gain knowledge. This will keep you on top of the waves.

    Enjoy the ride everyone!

    submitted by /u/AggressivelySweet
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    10% loss in a week at the stock market? Bitcoin: hold my beer

    Posted: 08 Mar 2020 09:40 AM PDT

    So which one of you was too weak this time?

    submitted by /u/IIamII
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    Bitcoin Adoption Challenge! Everyone buy something with Bitcoin once a month.

    Posted: 08 Mar 2020 06:26 PM PDT

    Too much red... HODL guys.

    Posted: 08 Mar 2020 10:18 AM PDT

    Monday Art - Daniel Dugan

    Posted: 09 Mar 2020 12:40 AM PDT

    Buy 1 Bitcoin, HODL Safely, Forget the Price, Then Wait to Become a Millionaire in the Future

    Posted: 08 Mar 2020 12:50 PM PDT

    Monday Art - Aleksandra Hessel

    Posted: 09 Mar 2020 12:40 AM PDT

    PSA TO EVERYONE WHO IS SCARED OF THIS "CRASH"

    Posted: 08 Mar 2020 08:04 PM PDT

    We don't care. We all know the price is going down. I mean like this is the 100000th time this has happened, right? If you're so scared then go sell your Bitcoin and put the money in a mutual fund pussy. If you choose the ladder then shut up and HODL.

    submitted by /u/yappamap0
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    With the dip, I figured It’s a good time to get rid of some antiques. What’s the best way to exchange for Btc?

    Posted: 08 Mar 2020 08:54 PM PDT

    mining pools that pay out via LN?

    Posted: 08 Mar 2020 09:22 PM PDT

    Are there any mining pools that can make payouts via LN?

    If you're making the minimum each day ($1 worth), then it would be nice if the mining pool also operated a lightning node.

    In this way too, it might be feasible to get paid for a single mining share, which is well below the usual mining pool payout minimum, but still get it paid to you via LN (minus 1 sat or whatever).

    submitted by /u/fakebluepants
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    BTC not a safe haven yet

    Posted: 08 Mar 2020 09:02 PM PDT

    If you were an average boomer with stocks crashing before your eyes, would you pull it out and stick it into some new-fangled technology that you barely understand and is highly volatile?

    I would just put it into gold or cash which is stable. Bitcoin's time as a safe haven will come when the masses understand its potential and its volatility drops.

    Be patient, we're just not there yet.

    submitted by /u/j_barnett95
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    Cryptos No Refuge in Market Carnage as Bitcoin Slumps to $8,000

    Posted: 09 Mar 2020 03:58 AM PDT

    Bitcoin is valuable because it's predictable. We know with precision how many exist today, and every day for the next thousand years.

    Posted: 08 Mar 2020 11:50 PM PDT

    If you're ever nervous, just check the UTXO set to see how many BTC are currently in circulation. Slow and steady wins the race. While the dollarworld is freaking out, Bitcoin keeps tick-tocking like a Swiss clocktower, visible from every place in the world.

    submitted by /u/PaganiHuayra86
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    What bitcoin stores do you use the most?

    Posted: 08 Mar 2020 07:47 PM PDT

    Here a list of stores

    Lightning
    https://joltfun.com/ - videogames

    https://www.bitrefill.com/ - services and gift cards

    https://bitcoinshirt.co/ - shirts

    https://yalls.org/ - articles

    https://quesoselpilar.com/ - cheese (delivers to europe)

    On the Blockchain

    https://purse.io/shop - amazon

    https://travala.com - hotel booking

    let me know your favorite stores please.

    submitted by /u/iguano80
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    Why has bitcoin not gone the opposite way of the stock market?

    Posted: 09 Mar 2020 01:37 AM PDT

    Why has bitcoin not gone the opposite way of the stock market?

    As the markets plummet why have we not seen a reverse trend in bitcoin? Instead we are seeing bitcoin also dropping significantly in value.

    submitted by /u/EyeofHorus777
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    Mentor Monday, March 09, 2020: Ask all your bitcoin questions!

    Posted: 09 Mar 2020 04:00 AM PDT

    Ask (and answer!) away! Here are the general rules:

    • If you'd like to learn something, ask.
    • If you'd like to share knowledge, answer.
    • Any question about Bitcoin is fair game.

    And don't forget to check out /r/BitcoinBeginners

    You can sort by new to see the latest questions that may not be answered yet.

    submitted by /u/rBitcoinMod
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    G7 Nations Praise Advantages of Crypto, Warn Stablecoins ‘Pose Risk to Global Financial System’

    Posted: 08 Mar 2020 07:00 PM PDT

    Exponential growth and epidemics, very well made video, and imo applicable to bitcoin as well

    Posted: 08 Mar 2020 11:30 AM PDT

    BTC PSA

    Posted: 08 Mar 2020 06:08 AM PDT

    If people don't take their Satoshis off these exchanges every single time we buy, they win. The banks will continue to use THEIR exchanges to control and manipulate the price of bitcoin to whatever level suits their interests at the time. The only way we can break bitcoin free from the manipulation is to hold our own bitcoin in our own wallets that we control.

    Run your own node, dollar cost average bitcoin with your discretionary income , and as soon as possible move your BTC into your own wallets. I believe that those whom ascribe to this ideology will be our times real freedom fighters and will be the ones that usher in a new dawn that will allow for a fairer and just world for all.

    Edit: typo

    submitted by /u/BitcoinCanSaveUsAll
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    ~13k in new PlusToken mixer deposits in last 24 hrs.

    Posted: 08 Mar 2020 03:40 PM PDT

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