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    Bitcoin Daily Discussion, April 09, 2020

    April 09, 2020

    Bitcoin Daily Discussion, April 09, 2020

    Daily Discussion, April 09, 2020

    Posted: 09 Apr 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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    Stop the bullshit. If you sell your BTC on Coinbase, you can move it to your bank.

    Posted: 08 Apr 2020 04:48 PM PDT

    I saw someone posting here earlier today about what to do if BTC gets to some high value and they want to sell some. Most of the responses were straight up uninformed and silly dogshit.

    You can look at my post history - I sold in 2017, on Coinbase, and moved 100% of the money (1.6M after I dumped my BCH) into my Bank of America account.

    1. My account was not frozen
    2. My account was not closed
    3. Nothing happened except they wanted me to open a brokerage account with them
    4. I asked before I moved the money what to expect. They said "did you get the money illegally? Because that's all we care about."

    So any of these gloom-and-doom edgelord crypton00bs who think the FBI is crawling around looking for people who make 10k on bitcoin and try to cashout are just full of it.

    Don't want trouble? Pay your taxes and ride off into the sunset. Want to get ripped off by shady mofos? Sneak around and try to use some sketch-ass exchange for $200 at a time over several months and hope they don't freeze your account for "reasons".

    Hope this helps. Normally I just stay quiet, but the misinformation on this was so huge and stupid, I had to chime in.

    Lastly - if you don't believe me READ MY POST HISTORY - you will see the consistency of my message. So either I'm telling the truth, or I'm repeating the same lie (for what? internet points?) consistently for the last 2 years - you decide.

    HODL what you can, but use your gainz to lock in the life you want! I sure did.

    submitted by /u/FIRE_and_forget_it
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    ATTENTION: Money printing monster seen in Vienna's 1st district, bbbrrrrrrrrrrr...

    Posted: 09 Apr 2020 12:53 AM PDT

    The Stock Market Got Trillions Of Dollars Of Bailouts And Is Up 20-30%, Bitcoin Got Zero Bailouts And Is Up Over 90%

    Posted: 08 Apr 2020 06:43 AM PDT

    US Debt just hit 24 trillion.

    Posted: 08 Apr 2020 02:16 PM PDT

    Nothing more to say. Buy Bitcoin.

    submitted by /u/Panstone98
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    The Biggest Mistake People Make When Valuing Bitcoin And How It Impacts The Halvening

    Posted: 08 Apr 2020 08:46 PM PDT

    One month away and the search term "bitcoin halving" is about as popular as it was in the week before the last halving, July 3rd - July 9th, 2016.

    Posted: 08 Apr 2020 07:01 PM PDT

    Raoul Pal: I Think Bitcoin has All the Attributes of the Hardest Currency on Earth - April 8th 2020

    Posted: 08 Apr 2020 12:19 PM PDT

    "The UK has become the first country to embrace the monetary financing of government to fund the immediate cost of fighting coronavirus, with the Bank of England to directly finance the state’s spending needs on a temporary basis."

    Posted: 09 Apr 2020 02:25 AM PDT

    Everything you need to know about banking to understand the financial cr...

    Posted: 09 Apr 2020 02:38 AM PDT

    Italian Bank Launches Bitcoin (BTC) Trading amid Coronavirus Lockdown

    Posted: 08 Apr 2020 07:52 AM PDT

    Top French Regulator Wants ‘Limited’ Scope of EU on Crypto

    Posted: 09 Apr 2020 01:00 AM PDT

    The fiat system era can't last much longer with these kind of behaviour

    Posted: 08 Apr 2020 08:11 PM PDT

    This parody is 8 years old, and still relevant today. Mr. Bitcoin bring me money.

    Posted: 09 Apr 2020 01:18 AM PDT

    Unpreparedness is the inability to save. A forced inability to save is slavery and condemnation.

    Posted: 08 Apr 2020 02:03 PM PDT

    The degree to which individuals and society are ill-prepared for unexpected events is a testament to the understanding and value of saving.

    In the modern financial era post-1900s, there has been a campaign against saving. So-called "economists" believed that saving causes money to sit "unused" and claim that this damages everyone's wealth. Truth is that these pseudo-economists were mostly businessmen, who were trying to figure out how to make more money for their own businesses. They need consumers to spend, spend, and spend. So that they can become rich.

    Unfortunately, they found a way to force people to spend, and that is by constantly destroying the value of people's money. With the creation of the federal reserve, they had the infinite power to force people to spend. This is because, "a penny saved, is a half-a-penny earned, and 1%-of-a-penny earned a few decades later". Saving money became stupid due to these greedy businessmen acting as "economists".

    We know this, but as saving money fell out of popularity, so did planning. Because the safety net of efficient saving has been replaced by the inefficient safety net of insurance, or no safety net at all. Insurance creates no wealth, adds no value, and simply acts to distribute to mitigate disaster by redistribution. It may be more helpful than no insurance at all, but insurance is a nasty and necessary middle-man when society cannot save.

    Saving and planning are not feasible in this environment. Hospitals saving money for a rainy day makes no sense, when the money is worth 1% of what it was, decades later. Individuals can't do it either, with their savings rates at all-time lows. People live paycheck-to-paycheck, being swindled of their value as every second of every day passes. Forever enslaved.

    Inability to save, is a form of slavery, as you are forced to work because nothing you earn will retain it's value. People are even FORCED to put money into the stock market, just to keep up with inflation. This is, again, extremely ideal for the greedy businessmen acting as "economists". They own these companies. They want people to buy stocks. In fact, "401k" has become a thing. A disgusting part of retirement planning, that only further makes them richer at the risk and expense of workers. When a 401k crashes, the businessmen laugh all the way to the bank, while blaming "the market". Meanwhile, the poor worker suffers.

    As we see now, in the U.S. in particular, but around the world, people with a lack of savings due to these economic policies being starved, crushed by a global pandemic, it's more clear now than ever that a system that doesn't allow human beings to save for their future or save for disaster, creates an extremely fragile system. There was no "coronavirus insurance policy" everyone signed up for. If we simply HAD SAVINGS we could use our own cash as our insurance policy. The reality is, there are far more disasters possible in life, than any insurance will ever want to cover, or if they did, they would rob us blind in insurance payments, then deny our claims in court. This isn't safety. This is exploitation.

    Savings is the absolute most flexible insurance policy possible. With savings, you can survive disaster.

    We're feeling it now, and perhaps, this is our greatest opportunity to say: Make Savings Great Again.

    It starts with Bitcoin.

    submitted by /u/anon517
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    Something I made rather quickly on my iPad. Feel free to use however you want, I don’t believe in IP.

    Posted: 09 Apr 2020 04:10 AM PDT

    Trading or holding the hardest question?

    Posted: 09 Apr 2020 03:49 AM PDT

    What do you pref , trading or holding?

    submitted by /u/ShayTann666
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    El sueño de Ecdsa

    Posted: 08 Apr 2020 10:13 PM PDT

    "Rich Dad" R. Kiyosaki Plans to Buy Bitcoin and Gold with His Stimulus Package

    Posted: 08 Apr 2020 06:46 AM PDT

    If Coinbase is so trustworthy why don't they use Generally Accepted Accounting Principles (GAAP) to prove they have all of their clients bitcoins they claim to have?

    Posted: 09 Apr 2020 01:32 AM PDT

    If Coinbase is so trustworthy why don't they use Generally Accepted Accounting Principles (GAAP) to prove they have all of their clients bitcoins they claim to have?

    submitted by /u/djsoundmoney3
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    It ain't rocket science

    Posted: 08 Apr 2020 10:47 AM PDT

    Gold is for a world where digital communication doesn't exist at all.

    Bitcoin is for a world where digital communication exists and is decentralized and trustless.

    Fiat is for a world where digital communication exists but is not yet advanced enough to be decentralized and trustless requiring central authority to function.

    Gold was decentralized apolitical money for the industrial age, Bitcoin is decentralized apolitical money for the information age. Fiat was nothing but a hack job to fill the gap between the industrial age and the information age until we had the technological capability to create decentralized apolitical digital money.

    submitted by /u/slvbtc
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    Bitcoin HODLER One Day, Bitcoin HODLER Forever

    Posted: 08 Apr 2020 11:00 AM PDT

    “[Miner] capitulation is a very good thing. It’s removing the inefficient miners . . . Their rewards get allocated to the efficient miners . . . And those are the strong hands. We want Bitcoin in their hands because they don’t have to sell as much Bitcoin."

    Posted: 08 Apr 2020 10:24 PM PDT

    The French regulator goes against all and wants to limit Crypto assets in EU

    Posted: 09 Apr 2020 04:06 AM PDT
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