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    Bitcoin Daily Discussion, April 30, 2020

    April 30, 2020

    Bitcoin Daily Discussion, April 30, 2020

    Daily Discussion, April 30, 2020

    Posted: 30 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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    WEE DID IT GUYS!!!!

    Posted: 29 Apr 2020 08:27 PM PDT

    Fucking legend!

    Posted: 29 Apr 2020 08:36 AM PDT

    Peter SChiff called the bottom again!

    Posted: 30 Apr 2020 04:11 AM PDT

    Thank you to those who posted about it being down. It reminded me to do this yet again.

    Posted: 29 Apr 2020 03:20 PM PDT

    I asked how people of /r/bitcoin handle their Bitcoin keys for my thesis, here is the results

    Posted: 30 Apr 2020 01:38 AM PDT

    BRRRRRRRR-Caramelldansen-over9000 update

    Posted: 29 Apr 2020 11:55 PM PDT

    FYI: There aren't enough BTC for HALF of today's millionaires to own JUST ONE. Owning ONE bitcoin puts you--at minimum--in the top 0.2% of the human population in terms of total possible Bitcoin wealth distribution.

    Posted: 29 Apr 2020 09:44 PM PDT

    Let me remind all you old timers, and inform the newbies: There will only be a maximum of 21 million bitcoins. Ever. Approximately 4 million have been permanently LOST, bringing the maximum circulating total to 17 million. This total number won't be reached until 2140 due to Bitcoin's issuance schedule. This is "quantitative hardening."

    Total number of millionaires (in USD value) worldwide is around 33 million (source).

    The factual math is simple: there is not enough Bitcoin in the world for even HALF of today's millionaires to own just ONE SINGLE BITCOIN. Much less all the future millionaires that will be born as the human population approaches 10bn.

    Bitcoin is SCARCE. Check out the S2F model for a good explanation of why scarcity and value correlate. Recently updated to the S2FX model for a model that incorporates more data, and is more accurate.

    Furthermore: If you are able to acquire even one BTC today: Enjoy the feeling. You are an early adopter. And one of a very select number of humans. Owning just ONE BTC means that you are--at minimum--in the top 0.2% (17M / 8Bn * 100*100&ie=UTF-8&oe=UTF-8)) of the human population in terms of total possible bitcoin wealth distribution. The percentage is much lower than that, of course, given that there are lots of whales out there with 1000+ BTC each.

    Edit: And never-mind the idiots that will say something asinine like "my pubic hairs are limited in number too...does that make them valuable?" Your pubic hairs have zero network utility, whereas every day Bitcoin proves it has extraordinary utility as (perhaps) the most perfect form of money humans have yet created.

    Stack those sats!

    That is all.

    submitted by /u/Kinolva
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    Morning coffee never tasted better

    Posted: 29 Apr 2020 04:44 PM PDT

    Ladies and Gentlemen, it is time...

    Posted: 29 Apr 2020 08:37 PM PDT

    Bitcoin during Covid-19 has an escape plan

    Posted: 29 Apr 2020 01:00 PM PDT

    good #BTC - $9200 morning!!!

    Posted: 30 Apr 2020 12:11 AM PDT

    Accessible Bitcoin wallet for the blind?

    Posted: 29 Apr 2020 04:39 PM PDT

    Hello,

    I'm totally blind and interested in getting a secure hardware Bitcoin wallet.

    The Electrum GUI isn't accessible to my screen reader, but I can use command-line tools if they work with hardware wallets. The more audio feedback the wallet gives (beeps, etc), the better, and I'd prefer physical buttons over a touchscreen (I'd need to memorize menus/on-screen prompts as presumably the wallet wouldn't speak). I also like the idea of the wallet functioning as a u2f key to protect access to exchanges.

    Any suggestions?

    submitted by /u/CactoHelado
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    Clockwork Coinbase

    Posted: 29 Apr 2020 10:36 AM PDT

    History repeats itself

    Posted: 29 Apr 2020 12:01 PM PDT

    Bitcoin is getting ready. Last chance we ever can buy under 9k?

    Posted: 29 Apr 2020 01:53 PM PDT

    Peter Schiff as BTC pumps to $9000

    Posted: 30 Apr 2020 02:03 AM PDT

    HE'S LOADING

    Posted: 29 Apr 2020 10:26 AM PDT

    Peter Schiff prediction, the date is Nov 2014

    Posted: 30 Apr 2020 01:56 AM PDT

    "They think the price is going up. And the price probably will go up. It'll keep going up until it implodes. And a lot of people are going to lose a lot of money in bitcoins."

    At the time bitcoin was less than 400 dollars!!!!!

    Not one of your better calls, hey Pete?

    submitted by /u/TREER123
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    Should you buy or should you sell?

    Posted: 29 Apr 2020 09:38 PM PDT

    The truth is that there's no right answer.

    If you're a first time investor, only put in what you can afford to lose. Especially when the market is overbought due to market sentiment.

    For everyone else, evaluate your individual risk profiles. If you can afford to take a higher risk, by all means, stay in the market. If you can't, pull out.

    Don't tank all your savings into this. Just don't. No matter what anyone tells you.

    If you decide to pull out and BTC rises, don't beat yourself about it because you did what you thought was right. Similarly, if you stay in and it tanks, don't beat yourself about it.

    BTC could hit 13k levels in the near future. It could also correct to around 8k levels and stay here for a while. Whatever you do, don't just go with the flow. Evaluate your risk profile and make whatever decision is best for you.

    Enjoy the pump, and trade safe!

    submitted by /u/theanxiousbandit
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    Relive Bitcoin's bumpy ride from $150 in 2015 to $9000 today [1:57]

    Posted: 29 Apr 2020 06:14 PM PDT

    Gotta love it!

    Posted: 29 Apr 2020 08:38 PM PDT

    Buy the dip

    Posted: 29 Apr 2020 10:11 AM PDT
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