Bitcoin Daily Discussion, September 06, 2020

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• Daily Discussion, September 06, 2020
• Why the gloom? It's a normal drop, 20%, just like so many before, and so many more to come.
• Kazakhstan to Make a $700 Million Bet on Bitcoin Mining
• Beware: Fake Ian Coleman (iancoleman/bip39) site is top of google search results! Do not use it, and report to Google
• Be sure to practice restoring your wallet
• 10th Largest Bitcoin Wallet in Existence Moves 60,000 BTC Worth $641,000,000
• I'm going all in with btc
• Bitcoin Tilted Toward Mass Adoption Amid Rising Inflation Globally
• Bitcoin legality in India – Is Bitcoin Legal ?
• I remember my first panic sell too
• CashApp lets you customize the card they send you? Say no more! HODL!
• Walkthrough with pics Showing how to use Lightning with Latest Electrum
• 10 steps guides for buying non-KYC bitcoin
• Don't Let Them Fool You
• Crypto newbie
• Anyone remember that paper notebook company that accepted Bitcoin years ago?
• Miner Bitcoin Sales?
• Bitcoin transaction volume in Latin America on ATH
• So what price you guys think WSB we start a frenzy over?
• Coin Bros x The Lifted - PANIC SELLER (Feat. Man3faces) (OFFICIAL MUSIC VIDEO)
• DeFi - High Rewards, Higher Risks.
• Found in Brighton!
• Best easy Bitcoin wallet?
• While everyone thinks the market is down and some are losing hope, I ask you this..
• Change to iphone 11 mycelium

Daily Discussion, September 06, 2020 Posted: 06 Sep 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]

Why the gloom? It's a normal drop, 20%, just like so many before, and so many more to come. Posted: 05 Sep 2020 02:31 PM PDT Why are so many people in this community so despaired and appalled by this? Did they expect it to be at 100k by now or why does this time feel different? submitted by /u/seamonster82 [link] [comments]

Kazakhstan to Make a $700 Million Bet on Bitcoin Mining Posted: 05 Sep 2020 05:17 PM PDT submitted by /u/patriceac [link] [comments]

Beware: Fake Ian Coleman (iancoleman/bip39) site is top of google search results! Do not use it, and report to Google Posted: 06 Sep 2020 03:37 AM PDT Below is a screenshot of the offending site (and its google ad, red circle in image). Notice the "e" instead of the "a" in the real site. They are paying google to be displayed at the top of google search for all circumstances that would normally result in finding the real site (green circle in image). If you use them to generate a bip39 seed they are recording it, and they will steal any coins you send there. DO NOT USE THAT FAKE SITE and REPORT TO GOOGLE, please. Fake site in search results: https://imgur.com/a/tPuCzn8 Report them to google here (I did already): https://safebrowsing.google.com/safebrowsing/report_phish/ submitted by /u/maltokyo [link] [comments]

Be sure to practice restoring your wallet Posted: 05 Sep 2020 02:58 PM PDT Just wanted to toss this out there. I slowly (almost without realizing) got to a point where I felt like I had a significant amount of BTC and I'd be sad if I ever lost it. So I recently bought a backup hardware wallet for my main hardware wallet. I tried to go through the procedure to restore from scratch. It took me a good hour and I ran into some bumps along the way. I found out which of my keys were legit and which were old and not used. In any case, I feel a lot better now that I've been able to restore it, and I'd recommend that you guys give the restore process a shot if you are not familiar with how to do it. Perhaps you guys are smarter than me about this but I'll admit I let myself go for too long without even knowing much about how the procedure really worked. Better to know you can restore it while you have access to it than when you don't have access to it! submitted by /u/anonamonkey [link] [comments]

10th Largest Bitcoin Wallet in Existence Moves 60,000 BTC Worth $641,000,000 Posted: 05 Sep 2020 07:59 PM PDT submitted by /u/cryptoanalyticatech [link] [comments]

I'm going all in with btc Posted: 05 Sep 2020 06:29 PM PDT If you sell I'll buy. I'm going balls deep. People are afraid and this is when there's money to be made. This is where the men are separated from the boys in investing. (Nothing wrong if you must sell bc you need the cash, but if this is about emotion, this is where you show what you're made of). submitted by /u/idontlikepeoplemuch5 [link] [comments]

Bitcoin Tilted Toward Mass Adoption Amid Rising Inflation Globally Posted: 06 Sep 2020 02:20 AM PDT submitted by /u/bdinu89 [link] [comments]

Bitcoin legality in India – Is Bitcoin Legal ? Posted: 05 Sep 2020 10:03 PM PDT Bitcoin has been a heavy financial blow to the trading world since it rose to significance. The flickering uncertainty of the traditional economy, entirely controlled by the government has caused several disastrous events in the past. But Bitcoin or any other cryptocurrencies in the world are completely free from government and political influence, which don't lose its value over a political takeover. India has also witnessed the rise of cryptocurrencies like Bitcoin in some events. You may remember the demonetization and the aftermath of it. Here in India, we saw a spike of Bitcoin users around that time but the sudden ban imposed by the RBI made it all gone. Now that after two years the Supreme Court has overruled the decision of RBI, the Indian cryptocurrency market is slowly rising from ashes. But the question remains, about Bitcoin legality in India if legal then does it have a framework and regulations passed by the Government? Before we find answers to these questions, let's look back at the beginning. The Beginning Started in 2009, Bitcoin first rose to global significance in the year 2017. It was the first time for bitcoin to cross the $1000 mark but it didn't stop there. Then came a blow from the Chinese government when the People's Bank of China decided to tighten its grip on the cryptocurrency market. As a result, the graph went down by 30%, however, it successfully maintained its steady growth. Around May, it had jumped well over $2000. It was December 17, the Crypto exchange recorded its highest value of all time as the Bitcoin value was standing on the number $19,783.21. But the market subsequently came down and nowadays it roams around the $10,000 mark. India Banned Cryptocurrency in 2018 Surprisingly when the world was facing a crypto bull market race, Indian backed down from the idea and the Reserve Bank of India imposed a de facto ban on the trading of crypto. The RBI assessed that there were multiple risks involved in dealing with crypto and should be immediately banned to trade it. As a result, the huge market that was yet to understand its potential was dismissed. Many people and respective associations spoke against it and the Internet & Mobile Association of India went to the Supreme Court against the RBI's decision. At that point, India had around 5 million cryptocurrency users, who were actively trading and using Bitcoin as a currency. But all of a sudden it all shut down, as the users were left with the option to either hold on to their Bitcoin savings or trade through the foreign. But since Supreme Court took the matter in hand the situation began to change. Unlike RBI, SC had a wider view on the matter and asked about the reasons of the Bitcoin trade ban. While there wasn't any satisfactory answers from the RBI, the Supreme Court lifted the ban on the use of Cryptocurrencies like Bitcoin in 2020. It seems like, with the ban lifted, India is currently free to deal or trade in Bitcoins without any barriers. But it isn't that easy. Bitcoin legality in India ​ https://preview.redd.it/t5bxt1cnlgl51.png?width=1200&format=png&auto=webp&s=6b4d014c65e4a8bb3e787531b7654eb37d736994 Now having covered all the backstories, let's take a look at the main question of this article. Can you trade bitcoins now? The answer is- Yes. Trading or dealing with bitcoins or any other cryptocurrency like Ethereum is legal in India. You can trade, buy, and sell bitcoins from domestic or foreign exchanges and even invest in them. Startups like WazirX, Lastbit, Zebpay, and international companies like Paxful are providing platforms to market crypto as the optional currency. CEOs of these companies are hopeful for the near future as India is counted among the five countries to have the most Bitcoin users. But there are some problems yet unresolved. Crypto Mining. Though the SC lifted the ban from crypto trading, crypto mining is still impossible in India. Mining is a work that requires specific technologies and a high supply of electricity. While the latter is a problem in India, the former is the bigger challenge. Because the machine to mine bitcoins, ASIC is still illegal to import. ASIC standing for application-specific integrated circuit is the most advanced technology to mine bitcoin profitably. When the crypto was banned, importing ASIC was also banned. So, now the miners are left with nothing useful other than GPU technology to mine. While GPU was useful 10 years ago, today it simply doesn't work. It's also unlikely to manufacture ASIC in India, because it only works for the purpose of crypto mining only. As long as there's no stable market here, manufacturers wouldn't take the risk to produce it here. So, the conclusion on Bitcoin legality in India can be to trade crypto but not mine it. We think it's still a fair opportunity to get the Indian crypto market a bit more stability and then the government might reconsider their stand on crypto mining. Source - How To Buy Bitcoin in India submitted by /u/x23_shivam [link] [comments]

I remember my first panic sell too Posted: 05 Sep 2020 01:01 PM PDT Who else does? Those were some gooberish days weren't they? I'll wait. As I buy more all the way to the floor. submitted by /u/World_Renowned_Guy [link] [comments]

CashApp lets you customize the card they send you? Say no more! HODL! Posted: 05 Sep 2020 06:36 PM PDT submitted by /u/GME77 [link] [comments]

Walkthrough with pics Showing how to use Lightning with Latest Electrum Posted: 05 Sep 2020 01:09 PM PDT submitted by /u/parakite [link] [comments]

10 steps guides for buying non-KYC bitcoin Posted: 06 Sep 2020 03:27 AM PDT (KYC = Know Your Customer, a process where you need to upload identity documents, selfies, proof of address etc to a third party) KYC information not only ties your personal identity to any bitcoin you purchase, but also creates a huge honey pot of sensitive information at risk of being stolen due to incompetent security practices at some of these companies. Once you purchase bitcoin via KYC, no amount of coinjoining or elaborate spending techniques will erase the fact that on X date and at X time, this person bought X amount of bitcoin from this exchange. 10 Steps to your first non-KYC bitcoin on Bisq: https://www.bitcoinqna.com/post/10-steps-to-your-first-non-kyc-bitcoin On HodlHodl: https://www.bitcoinqna.com/post/10-steps-to-your-first-non-kyc-bitcoin-hodlhodl-edition For more peer2peer exchanges see here: https://github.com/cointastical/P2P-Trading-Exchanges submitted by /u/TheGreatMuffin [link] [comments]

Don't Let Them Fool You Posted: 05 Sep 2020 08:28 AM PDT The Legacy financial institutions would love to have you believe that Bitcoin is correlated to the overall performance of the stock market. But when pondering that possibility even for a moment you can see that their arguments fail to add up in any logical context. The reason is pretty simple really. It's because when you understand the fact that Bitcoin was created as as an alternative to the existing financial institution, and that vast majority of folks who are buying Bitcoin are ideologically aligned with preserving their own Financial autonomy and voting against the existing corrupt system. With that said and when considering that supply and demand determines value coupled with the fact that this is the world's truly first finite asset, you can see that this is just a elaborate ruse. Especially when you see that the vast majority of bitcoin haven't moved on the blockchain for a very long time. In the short to medium-term I expect the banks will continue to try and manipulate the USD price of BTC to perpetuate The Narrative that bitcoin is correlated to the stock market performance. They will do so via a process they have done for the last few years involving their over-the-counter exchanges, cash settled Futures, and their control of the Bitcoin exchanges involving rehypothification and commingling. They do this out of their desperation to perpetuate their relavency but in the end I'm betting that they can't beat math. As for myself I will be continuing to dollar cost average buy and buy aggressively on the dips while HODLing my own KEYS. Not because of the potential short-term dollar appreciation, but because of my vote in the system of true Freedom away from the corrupt Fiat system that we are all subjects to. I do so because I believe that more and more people will decide to vote for bitcoin and join the Dollar Cost Averaging HODL freedom fighters and that together we can and will change the world for the better for all (except the banksters). Edit : spelling. submitted by /u/BitcoinCanSaveUsAll [link] [comments]

Crypto newbie Posted: 06 Sep 2020 01:06 AM PDT Is it a good time to buy bitcoin(s)? Basically I am tempted to put all my savings into bitcoin at the moment. 😂😂 but wanted to ask the experts if this is the good time?? submitted by /u/rabailpervezabbasi [link] [comments]

Anyone remember that paper notebook company that accepted Bitcoin years ago? Posted: 05 Sep 2020 11:00 PM PDT Was it baron fig? submitted by /u/BitcoinCitadel [link] [comments]

Miner Bitcoin Sales? Posted: 05 Sep 2020 10:59 PM PDT Does anyone know if there are any sites which show how many Bitcoins are sold each month, which pools are selling and who's buying. And is there a way of knowing how many of those BTC are bought and over what period. As an example recently 92,000 BTC were sold by miners I would like to know if what I've asked can be related to this sale and others? submitted by /u/thegrassisntgrenner [link] [comments]

Bitcoin transaction volume in Latin America on ATH Posted: 06 Sep 2020 01:26 AM PDT submitted by /u/NeedFUD [link] [comments]

So what price you guys think WSB we start a frenzy over? Posted: 05 Sep 2020 01:06 PM PDT We already have predictions that buffet will get in at 50k but when do you guys think WSB will try to get some tendies en mass. submitted by /u/theemperor45 [link] [comments]

Coin Bros x The Lifted - PANIC SELLER (Feat. Man3faces) (OFFICIAL MUSIC VIDEO) Posted: 05 Sep 2020 02:27 PM PDT submitted by /u/atrueretard [link] [comments]

DeFi - High Rewards, Higher Risks. Posted: 06 Sep 2020 04:01 AM PDT submitted by /u/BTCUser_ [link] [comments]

Found in Brighton! Posted: 05 Sep 2020 03:07 AM PDT submitted by /u/anandacjy [link] [comments]

Best easy Bitcoin wallet? Posted: 06 Sep 2020 03:27 AM PDT Hi, so I'm very new to BTC and only need to use it to buy things with BTC. Preferably a very low minimum deposit (like $10) and once again preferably a desktop wallet (iOS works too). The simpler and easier the better. (Note: I need to buy bitcoin aswell as trade it.) Thanks for any help! submitted by /u/zasro1201 [link] [comments]

While everyone thinks the market is down and some are losing hope, I ask you this.. Posted: 05 Sep 2020 05:17 AM PDT Imagine not having bitcoin. Imagine living in a world where cryptocurrency was just a part of a fiction Utopian novel. If this was just a fantasy, would you want it to become a reality? Would you look at the world economy and the global financial system and wish for something better? These are the questions I ask myself when I see the markets down... I ask: where would I be without crypto? And then I just buy the DIP. submitted by /u/Passion_Euphoric [link] [comments]

Change to iphone 11 mycelium Posted: 05 Sep 2020 11:07 PM PDT Hi I recently bought the new iPhone and I'm having trouble restoring my wallet on mycelium. Can anyone help me? The old iPhone was an iPhone 7 Thanks submitted by /u/dcrncn [link] [comments]

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