• Breaking News

    Saturday, August 22, 2020

    Home Unlabelled Bitcoin Daily Discussion, August 22, 2020

    Bitcoin Daily Discussion, August 22, 2020

    August 22, 2020

    Bitcoin Daily Discussion, August 22, 2020

    Daily Discussion, August 22, 2020

    Posted: 22 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
    [link] [comments]

    Memexplaination

    Posted: 21 Aug 2020 01:16 PM PDT

    Uber’s ex-security head paid $100,000 in Bitcoin to cover up hack, says FBI

    Posted: 21 Aug 2020 07:42 AM PDT

    London street art

    Posted: 21 Aug 2020 05:25 PM PDT

    An Analysis and Disclosure Regarding the Deterministic Nature of the Wasabi Wallet CoinJoin Algorithm

    Posted: 22 Aug 2020 02:25 AM PDT

    Brilliant summary of Dave Portnoy messing up

    Posted: 21 Aug 2020 02:18 PM PDT

    Check out my guide on How to buy non-KYC Bitcoin off BisqNetwork with a US Postal Money Order, perhaps the most private purchase option available ��

    Posted: 21 Aug 2020 10:45 PM PDT

    After discovering LN I won't stop using it �� I've already introduced it to my family members it's amazing ❤️

    Posted: 21 Aug 2020 05:10 PM PDT

    Time to buy in

    Posted: 21 Aug 2020 05:44 PM PDT

    Lets start off by saying I have called a lot of the dips back in 2016-2020 just check my posts on here and bitcointalk. I know this might dip, and hell we might even see 10,500-11K again. There is just too many forces at work for this not to go a lot higher though.

    #1 is you have Greyscale and other companies picking up huge amounts of bitcoin almost double even what the miners are able to produce per block. Simply put the supply is dwindling and the upward pressure will be too strong at some point. The miners tend to sell some of their rewards, but they are not selling all.

    #2 The dollar is in a really bad situation here. If people are noticing the main correlation of where bitcoin price goes it lies in the strength/weakness of the dollar. With 28 trillion in debt I am not sure how we make it out of this hole. I don't think you will see it completely collapse, however the printing presses are really going full tilt which inflation is under control right now, but for how long ? One of the major currencies Dollar, Yen, Euro, or Yuan will come close to collapsing in the next few years. Fiat can only go for so long before it needs a hard re-set.

    #3 Mining rewards were halved. I know this was months ago, but not having double the bitcoin being dumped is a huge advantage. The bitcoin is in strong hands / hodlers.

    #3 the Defi game has changed the landscape. More and more people are going to jump on the Defi bandwagon and get their bitcoins wrapped or use Blockfi, Aave ect. In the short term these can be used to short bitcoin, but it's already creating a wave of buying so people can get the yield. This has more advantages on upward price movements as it will control the tempo. On the other side of this however is in a year or two one of these will blow up taking everyone's btc with them so be careful.

    #4 On August 1st we had a sell off where they pushed the bid down from 12k to 10,500 in 15 minutes on massive sell orders and some stop loss selling. Each tumble like that is getting more and more expensive. These pushes are to scoop up the derivatives they buy before the major sell offs . This has been a ongoing trend in bitcoin from even the early years (not the derivatives side). As time goes on and there are less and less coins these are getting way more expensive to manipulate it on the short side. That's why they did the dump in such a short time frame, because the longer the dump is going to cost even more money.

    Overall I can really see this taking off again soon after the consolidation. I also believe we take out the ATH here in a few months.

    submitted by /u/ridenourt
    [link] [comments]

    Don't try this at Home

    Posted: 21 Aug 2020 08:33 AM PDT

    Raoul Pal: A Perfect Storm Has Brewed For Bitcoin

    Posted: 21 Aug 2020 07:15 PM PDT

    Microlancer.io is a good site for introducing new people to the lightning network ⚡ I think people in the future will be introduced through second-tier solutions ��

    Posted: 22 Aug 2020 12:34 AM PDT

    Who Knew About Bitcoin In The 90s? It Seems These People Did

    Posted: 21 Aug 2020 06:34 PM PDT

    Did you also fall for it?

    Posted: 22 Aug 2020 02:41 AM PDT

    Had a friend in his 30s pass away, now his Bitcoin is gone forever...

    Posted: 22 Aug 2020 03:56 AM PDT

    I've definitely given this food for thought before, but now I feel like I need to get a little more serious with it...

    How do you plan to pass your Bitcoin onto your heirs?? I had read before about someone having a will/trust/whatever that listed half of the key, and then another document that would point to a safety deposit box that had the other half of the key. Otherwise, how else can you pass it on??? Nobody's gonna know your passwords, keys, etc.

    This guy told me he had a lot of BTC that he could retire off of. Poof. Gone forever. I know haters gonna hate, but I feel like this is one area that paper wallets really are the best. Just my opinion, at least...

    submitted by /u/grndslm
    [link] [comments]

    Keep hearing people say blockstream is killing bitcoin on purpose

    Posted: 21 Aug 2020 11:17 PM PDT

    I've seen some things that Blockstream is funded by bad actors who are intentionally trying to slowly destroy bitcoin and profit off of it as much as they can. I'm wondering if there's a grain of truth to this? My thoughts are everything is open source and if that was the case we could fork over to a new chain. However we would lack the network effects and security of the main chain of miners didn't want to switch over. I'm planning on digging into this a bit, but wanted to hear some thoughts on it before I do.

    submitted by /u/riizen24
    [link] [comments]

    What happens when Bitcoin eats the world?

    Posted: 22 Aug 2020 02:45 AM PDT

    What kind of economy will we have once Bitcoin has drain all the capital from all other asset classes?

    Stagnation? End of boom an bust? Reduction in house prices?

    What do you think?

    submitted by /u/JeffreyBeaumont89
    [link] [comments]

    Moonmath

    Posted: 22 Aug 2020 03:33 AM PDT

    So, ive been buying Bitcoin since 2017. I thought i was late and have heard people say the same who got in 2013. Maybe everybody thinks theyre late? Although in hindsight it feels like it would have been so easy to buy BTC when is was cheap. I ran some numbers to find out how it would have felt if I has found BTC 4 years earlier. Similar buys, similar time span. Turns out its more or less identical. So right now im actually a mofo with insignificant BTC stack in 2016, about to experience 2017 but not aware of it. This is an encouragement for every newbie. Just start! Everybody once felt like you!

    http://er-bybitcoin.com/moonmath/

    submitted by /u/jamespunk
    [link] [comments]

    The BTC Citadel Song

    Posted: 21 Aug 2020 09:02 PM PDT

    Here is a supplementary article on "How to use a Certified Mail Receipt" for purchasing non-KYC bitcoin with US Postal Money Orders. A requirement for sending payments via USPS during COVID times. ����������

    Posted: 21 Aug 2020 10:45 PM PDT

    Whoa! SMART CONTRACT on Lightning!

    Posted: 21 Aug 2020 12:50 PM PDT

    Swiss Crypto Firms Say First Automated, AML-Compliant Bitcoin Transfer Completed

    Posted: 22 Aug 2020 01:13 AM PDT

    An Introduction to the RGB Protocol: A Smart Contract System for Bitcoin

    Posted: 21 Aug 2020 10:24 AM PDT

    Tipping Satoshis seems like the future. So why is it so flipping complicated?

    Posted: 21 Aug 2020 03:54 PM PDT

    I've managed to tip a couple of times but I get bored because it's complex. Then iI try again months later and nothing has changed. If this could be explained properly it could change the world

    submitted by /u/TwoBottlesOfRed
    [link] [comments]

    What convinced you guys to buy your first bits?

    Posted: 21 Aug 2020 01:42 PM PDT

    Title poses my question, mainly asking because I'm hesitant to buy in at recent highs

    submitted by /u/Bostok
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment