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    Bitcoin Daily Discussion, April 10, 2020

    April 10, 2020

    Bitcoin Daily Discussion, April 10, 2020

    Daily Discussion, April 10, 2020

    Posted: 10 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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    Tyler Winklevoss: 'The Bitcoin Fund' just launched on the Toronto Stock Exchange. This is the first public bitcoin fund listed on a major global stock exchange. Proud that @Gemini was selected as the custodian for this fund. Congrats to @3iq_corp for making history!

    Posted: 09 Apr 2020 10:01 AM PDT

    $2.3 trillion is on the way. Made a reminder for you on this occasion

    Posted: 09 Apr 2020 07:09 AM PDT

    I’m putting $600 in Bitcoin and $600 on a Glock.

    Posted: 09 Apr 2020 09:15 PM PDT

    Whose with me?

    submitted by /u/PowerPort27
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    An Overview of Bitcoin Lightning Network

    Posted: 09 Apr 2020 10:31 PM PDT

    Largest Cryptocurrency exchange in India has a daily volume increase of more than 470%

    Posted: 09 Apr 2020 11:20 AM PDT

    Bitcoin Brrrr

    Posted: 09 Apr 2020 08:47 AM PDT

    Hold On SEC: A $14 Million "Bitcoin Fund" is Now on the Toronto Stock Exchange

    Posted: 09 Apr 2020 11:06 AM PDT

    Where to store seed phrase

    Posted: 10 Apr 2020 02:35 AM PDT

    Title says the all, where is best place to store my seed phrase? I'm paranoid about my wallet security all the time no matter what I do I'm always scared about security of my wallet it's hard to be your own bank

    submitted by /u/Saman93
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    How should I start as a beginner?

    Posted: 10 Apr 2020 02:38 AM PDT

    I plan to buy $200 worth of BTC, anyone can recommend how I should go about doing it? I read a post about another beginner starting out but I am just a college student trying to get some cash i guess. Also read about Dollar Cost Averaging but not sure how to go about doing that? Will appreciate any help thanks.

    submitted by /u/spoderxd
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    A rock band called 22 Hertz is selling merch with 50% discount if using bitcoin.

    Posted: 09 Apr 2020 11:20 AM PDT

    How to store Bitcoin

    Posted: 10 Apr 2020 01:50 AM PDT

    I have been thinking about how the average person will be storing their Bitcoin.

    If I would ask you guys, you would probably say that everyone that is into Bitcoin should be their own "bank" and store Bitcoin in a hardware wallet. You would probably say that you need to control your keys.

    But i really think this is to complicated for the average person to be doing. People are scared and want a security. That is why most people have their money in a bank account. They dont need to think about the security part that much. I dont think we will be able to expect them to write down the 24 word recovery seed and then store it safely.

    I think that most people will store their Bitcoin in an exchange or something similar. People want to feel that their wealth is stored securely. They want to be able to sleep at night without thinking about losing their hardware wallet or recovery seed.

    How would you guys solve this problem?

    And even more interesting how are you storing it, you dont need to say it if you feel that it is to personal.

    submitted by /u/At0m11c
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    Ecdsa's Dream (work in progress)

    Posted: 09 Apr 2020 01:02 PM PDT

    Fold announces the first bitcoin rewards card

    Posted: 09 Apr 2020 10:10 AM PDT

    coming in with that fire straight from my jeweler!

    Posted: 09 Apr 2020 03:30 PM PDT

    Fed rolls out $2.3 trillion to backstop Main Street, local governments during crisis - Brrrrrrrrrrrrrrrrrrrrrrrr

    Posted: 09 Apr 2020 06:20 AM PDT

    Venezuela update. Last week 681 BTC (UP from 534) were traded using LocalBitcoin which is around 417,139,000,000 Bs. (Bolivares) (ATH, last week it was 294,462,000,000 Bs.) Minimum wage is around 4 USD per MONTH. One BTC is 885,000,000 Bs. from 600,000,000 Bs. last week. AMA.

    Posted: 09 Apr 2020 07:12 AM PDT

    This week numbers went up, maybe because scarcity of cash money (Bolivares, euros and USD) we are in total quarantine since three weeks. Banks are closed and ATM only give less than 1 USD per day.

    These volumes are only measured using Localbitcoin (LBTC) using their API (Coindance). Big part of that exchange come from Venezuelans that live abroad and send money to their families, miners, people that get paid in cryptos (freelancing) and even the own government. It has been STEADY around 2000 BTC per month.

    Other exchanges and other trades were done, but no way of measure them.

    Today exchange rate is around 1 USD = 110,000 Bs. (Official rate is almost the same)

    Minimum wage (which is earned by a big chuck of the population, not like other countries) is 250,000 Bs. wage (less than 2.5 USD) + 200,000 Bs. food bonus (less than 2 USD) PER MONTH.

    Biggest bank note is 50,000 Bs. which is around 0.50USD. You need to use debit and credit, bank transfer, cryptos and USD to pay anything.

    Here in Venezuela situation is really hard, some people dont believe that amount is the minimum MONTHLY wage. I work and earn more than that BUT now because this COVID situation my wage was slashed 50% (anyway, the amount is really low, I'm sure with that amount I would be living homeless in Colombia, Peru or Panama for example), usually get some donations from redditors and do some freelancing work (translating mostly) and it is really hard to keep up daily.

    AMA Ask Me Anything, any question!

    Sources:

    https://coin.dance/volume/localbitcoins/VES/BTC

    https://dolarsatoshi.com/

    https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

    submitted by /u/WorkingLime
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    Bitcoin halving sees huge surge in search volumes

    Posted: 09 Apr 2020 07:58 AM PDT

    Bitcoin Red Pilling: The Easiest And Most Effective Way

    Posted: 09 Apr 2020 10:12 PM PDT

    Bank Of England Helicopter Go Brrrr

    Posted: 09 Apr 2020 06:22 AM PDT

    How does the security of a Trezor T compare to the latest Coldcard wallet and which would you pick for only storing BTC?

    Posted: 10 Apr 2020 12:53 AM PDT

    I'm also interested to know, does ColdCard connect to a computer in the same way as Trezor and how about a passphrase and things. Does it have that also?

    submitted by /u/kolinHall
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    Dmitry Peskov claims that Russia has failed in development of Digital technologies

    Posted: 10 Apr 2020 04:19 AM PDT

    I AM rich . . .

    Posted: 10 Apr 2020 04:06 AM PDT

    I keep having to tell myself, I AM rich because sometimes I loose sight of all I have. I know exactly what is happening and I am prepared. I have a substantial amount of "inflation-proof" assets and I continue to stack more. I am not concerned with day to day trading because I am focused on the broader macro-economic picture.

    I love when the market goes up but i also love it when it goes down. I see the down times as "sales" to stock up on more assets. I am not concerned with my daily account balance because I know everything I own is way undervalued.

    This momentary dip is probably the last opportunity to buy crypto at these prices. At the same time the Federal Reserve has gone into hyperdrive printing to service exponentially expanding debt. "Good luck fellas!" . . . Grab the popcorn because this is about to get very interesting.

    submitted by /u/Latbet24
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    Automaticaly and regulary buy

    Posted: 10 Apr 2020 03:52 AM PDT

    I only have a Kraken account for now, and I would like to know if it's possible to buy each week, or each day, automaticaly?

    I dont want to have to check or connect to my account everytime I would like to buy.

    I just want to invest regulary.

    PS: I'm from France

    Thanks!

    submitted by /u/BeerKills
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