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    Bitcoin Daily Discussion, July 31, 2020

    July 31, 2020

    Bitcoin Daily Discussion, July 31, 2020

    Daily Discussion, July 31, 2020

    Posted: 31 Jul 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.

    Join us in the r/Bitcoin Chatroom!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    A day in the life of a HODLER

    Posted: 31 Jul 2020 12:39 AM PDT

    I made a thing

    Posted: 31 Jul 2020 01:24 AM PDT

    This

    Posted: 30 Jul 2020 07:31 AM PDT

    Dollar is going to shit

    Posted: 31 Jul 2020 01:49 AM PDT

    Iran issues license for biggest bitcoin mining farm: Report

    Posted: 31 Jul 2020 12:29 AM PDT

    Bitcoin meets The Hamptons

    Posted: 30 Jul 2020 01:28 PM PDT

    Just set my friend up with cashapp & BRD wallet.. told him when he gets to $500 in his BRD we'll order him a hardware wallet. Just doing my part.. #adoption

    Posted: 30 Jul 2020 06:31 PM PDT

    Time to golf.

    Posted: 30 Jul 2020 06:23 AM PDT

    Local merchant says "Bitcoin is a scam"

    Posted: 30 Jul 2020 09:21 PM PDT

    At my local newsagent, I just overheard the staff mention bitcoin. I Asked why (hoping they accept it) and was told she has received multiple messages on her phone about "a bitcoin opportunity" advertised by a local celebrity. She explained it and it was most definitely a scam. I told her as such, but reminded her its not Bitcoin thats the scam, but the person running that opportunity. Other teller chimed in, "is it still around? I remember a few years ago it was a thing" Told them I use BTC regularly as a currency, and it works well, its the "guaranteed profits idea that are scams" Had a good short conversation with both of them as they were really interested about it, but sceptical.

    Just an update of the view of average Joe on the Australian street.

    If you are reading this, we are still early.

    submitted by /u/time_wasted504
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    Don’t buy dollars

    Posted: 30 Jul 2020 03:10 PM PDT

    If you feel tempted to sell, remember you can never just 'sell' Bitcoin. You must buy something else: dollars, euros, yen or some other rapidly devaluing currency.

    Fiat provides you no protection from the current economic crisis. It is an investment guaranteed to lose value. It is a drain of value not a store of value.

    Store your money in Bitcoin, outside the greedy hands of governments and corporations. Keep calm and hodl on

    submitted by /u/admin_default
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    The Lightning Network is so underrated

    Posted: 31 Jul 2020 04:36 AM PDT

    I can't believe I have been in this space from 2017 and didn't bother to delve deeper into the lightening network. The fud from fake satoshi and clueless YouTubers at the time made me not look so much into it even after turning into a Maxi

    But man this feels like discovering Bitcoin again in its early years. The idea and technology behind LN is just beyond genius

    I felt really bullish about the LN which made me wonder which token should I buy now? Turns out it was just good old Sats

    Keep staking sats and learn about LN before the majority does

    A Technical Introduction To The Lightning Network by Andreas Antonopoulos

    submitted by /u/fillet_b
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    Can a minor make a bitcoin wallet?

    Posted: 30 Jul 2020 10:57 PM PDT

    I want to make a bitcoin wallet, but I'm a minor so I can't make one on coin base. Any suggestions? Thanks.

    submitted by /u/thismans82
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    Since Bitcoin is still above 11k, are you hodling or taking profit?

    Posted: 30 Jul 2020 05:55 PM PDT

    I just watched How to sell drugs online (fast) on Netflix, they talk a lot about bitcoin and how it works, and its most-watched German original series and is also popular in Italy, France, Brazil.

    Posted: 31 Jul 2020 01:42 AM PDT

    “Chinese banks urged to switch away from SWIFT as U.S. sanctions loom”. If only they had nuclear power like Iran..

    Posted: 30 Jul 2020 08:12 PM PDT

    Iran allows industrial Bitcoin mining as it seeks economic refuge

    Posted: 30 Jul 2020 11:04 AM PDT

    World's leading financial company says Bitcoin is an aspirational store of value

    Posted: 30 Jul 2020 09:23 AM PDT

    First National City Bank of New York: Bitcoin Price will Hit $120K

    Posted: 30 Jul 2020 09:05 AM PDT

    I made a transaction and for the first time ever it’s been almost 2 days with no confirmation

    Posted: 30 Jul 2020 10:49 PM PDT

    I made a transaction of $60 and payed $0.31 for the miner fee and usually this works perfectly fine and is done by at most 6 hours but in this situation it suddenly just won't confirm. I got 1/6 confirmations as soon as I requested the transaction and it has not moved since. Anyone know what's up? Edit: it's completed :)

    submitted by /u/HAHAOP
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    Elrond Mainnet Launches With a New Bitcoin-like Token Model and Maiar App

    Posted: 31 Jul 2020 04:40 AM PDT

    What is the latest consensus of rebalancing portfolios vs bitcoin hodling as of 2020?

    Posted: 31 Jul 2020 12:49 AM PDT

    I am wondering if the historical backtest data still confirms that holding a rebalanced "index" portfolio still outperforms just hodling BTC? Shrimpy confirmed that 2 years ago in 2018, but that was very short timeframe, does it still hold in power in 2020?

    And if so, which portfolios have proven to outperform the longest?
    Of course, taking transaction fee costs and trading costs into account.

    ​

    Also, isn't the problem with backtesting fact that in each timeframe a different backtesting model can outperform, but as time goes on there is absolutely no guarantee that it will keep outperforming?

    ​

    If anyone has any recent data on this or just general observations on backtesting hodling btc vs hodling an "index" of cryptos, please do share.

    submitted by /u/BackgammonMasters
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    If you bought $10 a day BTC starting 5 years ago you would have a 828.8% ROI

    Posted: 30 Jul 2020 06:19 AM PDT

    The Haskell Elephant in the Room

    Posted: 30 Jul 2020 09:40 PM PDT
    Read more
    at

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