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    Bitcoin Daily Discussion, August 20, 2020

    Bitcoin Daily Discussion, August 20, 2020


    Daily Discussion, August 20, 2020

    Posted: 20 Aug 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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    Safety first boys and girls!!! Nobody holding my coins for me anymore. Let's do this. To the moon.....

    Posted: 19 Aug 2020 02:49 PM PDT

    So Microstrategy bought 20,000 BTC. If every fortune 500 company bought that same amount, that's over half the entire supply of Bitcoin. Bullish.

    Posted: 19 Aug 2020 02:07 PM PDT

    Buy Bitcoin. Never sell.

    submitted by /u/TurongaFry3000
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    Middle Eastern Restaurant Chain Converts Entire Reserves to BTC

    Posted: 19 Aug 2020 08:42 PM PDT

    Let us go to moon.

    Posted: 19 Aug 2020 04:37 PM PDT

    ₿ Bitcoin is the best alternative of not only dollar, but also all currency.

    Posted: 19 Aug 2020 02:47 PM PDT

    Ex-Prudential CEO: Buy bitcoin ‘before fuse is lit’

    Posted: 19 Aug 2020 11:34 AM PDT

    Hey guys, I'm out it was a great run, thanks to all

    Posted: 19 Aug 2020 02:18 PM PDT

    It was a fun run, but I finally made enough money to live comfortably. Hope you guys hit your dreams too! And if what I sold for millions becomes worth billions one day, then someone please kill me before I do it myself.

    Okay, now that those readers are gone, I'm not really out. Fuck that I'm never selling my coins. Someone will have to offer me a rate of 100k a coin to sell off even 1% of my holdings, and over 1 million a coin if they want 3% of my holdings. The most I'd ever sell is 10%, and that's only if they offer me 10 million per coin. After that, I don't care if they offer me 1 billion per coin I ain't selling shit. Only way I'll use it after that is as collateral for rental buildings and other businesses. Anyway, hopefully this post tricks the trading bots. HODL on hermanos! And most importantly, BUY THE FUCKING DIP!

    submitted by /u/PositiveResonanceSng
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    Turkish National Football Team has a new main sponsor

    Posted: 20 Aug 2020 02:44 AM PDT

    Advice for selling Bitcoin holdings as a minor

    Posted: 19 Aug 2020 10:52 PM PDT

    Hello Reddit,

    As a tween, I learned about Bitcoin from online forums and I started "obtaining" it (legally). I amassed a large amount of Bitcoin and I am now a teen.

    I have told people around me as little of information about my holdings and I would like to cash out my holdings in the future as privately and securely as possible. I will still pay taxes (discreetly) so it would be legal.

    Any advice?

    submitted by /u/AbbreviationsTricky
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    Friendly reminder that there are estimated to be ~47 Million millionaires globally

    Posted: 19 Aug 2020 05:36 PM PDT

    It would be literally impossible if even a Quarter of the millionaire population wanted to buy and own 2Btc (~25K).

    submitted by /u/Amazonn_Pro
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    This is how Elon Musk will mine gold in space, like the Winklevoss twins stated last week

    Posted: 19 Aug 2020 08:37 PM PDT

    THNDR Games Has Surpassed 100,000 Lightning Transactions sent with only a 0.61 sat fee per tx

    Posted: 19 Aug 2020 09:31 AM PDT

    A vulnerability in wasabi coin join has been found. It will be released to the public soon.

    Posted: 20 Aug 2020 01:35 AM PDT

    We've added more items to our Bitcoin merch collection. Alot of designs inspired by r/Bitcoin , would love some feedback/ideas.

    Posted: 20 Aug 2020 01:54 AM PDT

    This is our current Bitcoin line:

    https://cryptocove.io/collections/bitcoin_clothing_cryptocurrency_merchandise

    Also we have noticed in the last 3 weeks way more people paying in crypto than before. #adoption ??

    submitted by /u/dxanne
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    My 60 year old + neighbour asked me about Bitcoin this morning

    Posted: 19 Aug 2020 12:06 PM PDT

    That is it lads

    When Jack, Jim and Harry from down the road start asking about Bitcoin then you know it's coming to the end of the run up

    submitted by /u/walton-chain-massive
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    Need advice on long time hodling mixed coins

    Posted: 20 Aug 2020 01:23 AM PDT

    Recently my exchange account got banned for sending coins to a mixing service. I'm not in to any illegal stuff, I just liked the idea of my coins being anonymized.

    Now it seems that more and more exchanges are doing this.

    This has got me worried for my long time hodling. What if in the future all mixed coins are marked as "tainted" and I can't do shit with my BTC?

    What would you guys do? Not worry and just leave the coins in my wallet? Or exchange them for XMR and back to BTC? Find an exchange that accepts them and sell/buy the BTC?

    submitted by /u/Bujuu
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    ‘Extreme’ Bitcoin Growth In Africa Is Sending Crypto ‘Mainstream,’ Binance-Backed- Exchange CEO Reveals Alongside Fresh Funding

    Posted: 20 Aug 2020 03:17 AM PDT

    BIP 157 PR has been merged in Bitcoin Master (Opt-in support for Light Clients like Neutrino) ��

    Posted: 20 Aug 2020 03:12 AM PDT

    What helps Bitcoin to grow. I think it's awesome!

    Posted: 19 Aug 2020 01:43 PM PDT

    What helps Bitcoin to grow. I think it's awesome!

    Recently i've got one idea, i've checked several data sources and would like to describe it here

    So, look

    This is the price chart from cmc

    https://preview.redd.it/5tfmb853r0i51.png?width=1141&format=png&auto=webp&s=c38662bec4f51caa0ccfab20447c59e46357f9cd

    https://coinmarketcap.com/currencies/bitcoin/

    This is transactions chart from Blockchain.com

    https://preview.redd.it/n1joakper0i51.png?width=902&format=png&auto=webp&s=5077161ac6985da1811da3ac3ce862113bb37b7a

    And this is chart of new companies accepting Bitcoin from Cryptwerk.com

    https://preview.redd.it/n2lp14mlr0i51.png?width=648&format=png&auto=webp&s=eeef08cb9c5dfbf1f787f0af1262b314fde9ebef

    https://cryptwerk.com/analytics/bitcoin/

    we are interested in period from july 2018 to current time, because Cryptwerk started their statistics on in July 2018

    SO!

    if we compare all charts we'll get this kind of picture

    https://preview.redd.it/tb34i1u5s0i51.png?width=631&format=png&auto=webp&s=55ccbb38ac54ff6b4fb8485a1071b7221cae429b

    Do you see the strong correlation of 3 factors?

    - growth of price

    - growth of merchants accepting Bitcoin

    - growth of transactions amount

    https://preview.redd.it/rq7pzqnms0i51.png?width=106&format=png&auto=webp&s=0e9c57780320493a9b65f318948a08668437ba2d

    and actually same with Unique Addresses Used chart

    https://preview.redd.it/fuj8w8owy0i51.png?width=923&format=png&auto=webp&s=74861385ff4cf365b46faf8746bdddbd139ae62c

    And this is pandemic period!

    What i think! Covid crysis created the situation when lot of merchants started to search new ways and markets and found them in crypto world.

    Now really thousands ands thousands different stores accept Bitcoin, and may be we entered the new era, of mass adoption that we were waiting so long? When the army of merchants can stabilize and increase Bitcoin price and whole market

    What do you think?

    submitted by /u/alextailorswift
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    Tales from the Crypt: #186: Alex Leishman & Andrew Benson

    Posted: 19 Aug 2020 06:37 PM PDT

    Bitcoin Audible: Read_430 - Accepting Scarcity, A Bitcoin Meditation [Reed Wommack]

    Posted: 19 Aug 2020 01:56 PM PDT

    UCSF Pays Ransomware Hackers 118 BTC

    Posted: 19 Aug 2020 10:45 PM PDT

    Bitcoin in a German newspaper

    Posted: 19 Aug 2020 06:40 AM PDT

    Huge influx of newbies and more mainstream noise for BTC

    Posted: 19 Aug 2020 08:10 AM PDT

    I just see this as an opportunity for existing BTC holders to buckle up for the long run. Don't you agree?

    submitted by /u/sserbianb
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