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    Bitcoin Daily Discussion, November 03, 2020

    Bitcoin Daily Discussion, November 03, 2020


    Daily Discussion, November 03, 2020

    Posted: 02 Nov 2020 11:00 PM PST

    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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    PayPal Raises Crypto Buying Limit to $15K/Week for ‘Eager’ Customers

    Posted: 02 Nov 2020 03:43 PM PST

    Cryptopostage.info - Buy and print postage fast from home with Bitcoin, Monero and other 50+ Cryptocurrencies

    Posted: 03 Nov 2020 12:23 AM PST

    Ship with CryptoPostage!

    We would like to introduce our website made for buying postage (100% anonymously) for Cryptocurrency in the quickest fashion possible. Our website does not keep logs and orders are deleted within 2 weeks automatically.

    We currently offer the carriers listed below:

    - USPS

    - UPS

    - Fedex

    - CouriersPlease

    - Canada Post

    - Fastway

    - DHL

    Our website allows TOR and any type of VPNs

    Head over to our website and take a look.

    https://cryptopostage.info

    submitted by /u/CryptoPostage
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    Bought BTC on PayPal!

    Posted: 02 Nov 2020 06:45 PM PST

    How much longer will the weak hands willing to sell for less than 14k last?

    Posted: 02 Nov 2020 04:42 PM PST

    Bitcoin Dominance back up to 64%

    Posted: 02 Nov 2020 08:20 PM PST

    We all know bitcoin will hit 100k.

    The bigger news story is when bitcoin dominance hits 90% again.

    It won't be talked about nearly as much, but to me there's no doubt it will happen.

    Shitcoins with zero hashrate, horrible expansionary monetary policy, and basically zero validating nodes because their blockchains are so "fast" are going to be dropping like flies during this next run up.

    The rise of the shitcoin was fueled by greed. Their downfall will be an understanding of the actual existential societal crises the most secure crypto was built to solve.

    submitted by /u/ElephantGlue
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    Just went on a first date..

    Posted: 02 Nov 2020 10:42 PM PST

    Girl is a data scientist and investing came up, I mentioned crypto and she seemed intrigued. I remembered that last dude on here who started talking bitcoin on his first date and I was like... Don't fuck this up.

    Gave her the low down and she seemed intrigued. There is a second date planned.

    submitted by /u/TheHouseCalledFred
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    Paypal 2018 vs 2020... bullish!

    Posted: 02 Nov 2020 04:22 AM PST

    Run On The Exchanges happening in china. Its like a bank run, chinese are rushing to withdrawal Bitcoin from the exchanges. 60,000+ BTC withdrawal over the past 7 days from chinese exchanges. Theres also some small panic selling, you may have noticed.

    Posted: 02 Nov 2020 09:36 PM PST

    Rumors going around that Huobi executive has been arrested.

    Few weeks ago Okex executive got arrested and BTC withdrawals are halted

    Chinese are panicing and withdrawal BTC from Huobi and Binance, just to be safe.

    What should you do? withdrawal your BTC from any exchange into your own wallet! not your keys not your coins, dont let a exchange freeze your coins, move them to a wallet now!

    don't have a wallet? get on free www.electrum.org

    With no coins left on the exchanges Bitcoin could become sold out in the future and price will go to trillions. Exchange runs are good for bitcoin

    submitted by /u/atrueretard
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    Investor on why bitcoin is 'literally the biggest story I've seen,' may hit $1M and top gold's market cap

    Posted: 02 Nov 2020 10:27 PM PST

    Whales are moving massive amounts out of Binance in the last couple hours.

    Posted: 02 Nov 2020 08:41 PM PST

    Check the whale tracker and chains. Whales have been moving 1k+ btc wallets out of Binance in the ten fold for the last couple hours.

    https://imgur.com/a/pWsOPr2

    submitted by /u/Parking_Meater
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    Billionaire Jeffrey Gundlach Changes His Tune on Bitcoin

    Posted: 02 Nov 2020 11:43 AM PST

    Hedge fund manager Jeffrey Gundlach sees Bitcoin as an inflation hedge

    https://u.today/billionaire-jeffrey-gundlach-changes-his-tune-on-bitcoin

    submitted by /u/pdxdrumtech
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    How Bitcoin Has Performed Throughout the Pandemic (With Graphs)

    Posted: 02 Nov 2020 03:06 PM PST

    How Bitcoin Has Performed Throughout the Pandemic (With Graphs)

    As the market enters another Bitcoin era, today we look at how $BTC is doing during times of the pandemic. From year to date, Bitcoin has outperformed traditional assets. Is this surprising or not?

    Let's say you bought $100 of Bitcoin on 01/01/20. It would have grown to $190 on 10/28/20. 🙌 If you placed your $100 in the Nasdaq 100 or the Dollar Index, your balance would be $133 and $96, respectively.

    See how $BTC compares to assets like commodities and equities

    The orange line indicates BTC performance, which dropped to heart-palpitating lows when COVID19 spread in the US, but reached a new record for 2020, at the end of October

    https://preview.redd.it/rw6alut4rww51.png?width=2056&format=png&auto=webp&s=405123ec40677fa7865be925b31b075519ff99e7

    At the start of 2020, BTC strongly correlated with commodities, but broke away in October — potentially from a risk-aversion to traditional markets due to a surge in COVID cases and political environments.

    https://preview.redd.it/i4yumb67rww51.png?width=1556&format=png&auto=webp&s=72fef7d90d931a49ce8fdf8315890f93738c57cb

    Also, Bitcoin showed significant correlation with the equity markets in Q1, mostly because all markets sold off in a flight to liquidity. However, once financial stimulus packages were announced, asset prices recovered rapidly.

    You can do it, Billy

    As shown here, BTC's correlations with gold and silver dropped drastically after the PayPal crypto announcement.

    https://preview.redd.it/8r3jff7jrww51.png?width=1572&format=png&auto=webp&s=89a70c7e582576ab57fc494a3a2b351b4ddb3923

    For the full coronavirus Bitcoin report, head over to:

    https://coinmarketcap.com/alexandria/article/bitcoin-vs-traditional-assets-who-is-ahead-mid-pandemic

    submitted by /u/airseasky
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    Bought some crypto from Paypal and I’m a little disappointed

    Posted: 02 Nov 2020 02:18 PM PST

    I am a fairly seasoned bitcoiner at this point and wanted to test the waters to see how Paypal was allowing folks to get into crypto. So I bought 5 bucks of crypto from them just to see what it was like.

    To make a long story short, though it's a cool first step, what they have done seems very confusing and rudimentary. I really don't get why someone would want to use Paypal to invest in crypto at this point. The only capabilities they seem to have are to 1) buy BTC from Paypal directly or 2) sell it back to them once you have it. The only good part of the experience was that there were no fees to buy it, though the price I paid for it was slightly higher than the going rate. However, there are no seed phrases given to me, there are no transfers to external wallets, and selling back has a hefty 2.9% fee payable to Paypal. It just feels like my dummy test investment money is lost in limbo and it just made me think, if it's not behind my keys, it isn't my bitcoin. It wasn't a very good feeling.

    Anyone else try it? Curious on your thoughts...

    submitted by /u/anonamonkey
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    Bloomberg: Bitcoin has had a tendency of adding zeros to its price

    Posted: 03 Nov 2020 02:35 AM PST

    Bloomberg: Bitcoin has had a tendency of adding zeros to its price

    Investors and market watchers focus on Bitcoin price predictions; there is a widespread expectation that the price can increase, and many investors search for news and information on trends. A recent Bloomberg news article noted that Bitcoin(BTC) rose from $1,000 to $10,000 in less than four years.

    https://preview.redd.it/fkd1r2al60x51.png?width=1540&format=png&auto=webp&s=80f761997153119536c1c45d26eceb40322edbd9

    The writing projects the trend line and estimates that Bitcoin could reach $100,000 by 2025. According to the article, Bitcoin will reach $100,000 in 2025 if it can add a zero to its price twice the time it took to add the zero from $1,000 to $10,000.

    The discussion point is that Bitcoin may have slowed in its price expansion but still can continue climbing into the foreseeable future. Bitcoin has had sharp rises and falls; the overall trend line is one of remarkable growth. A Koinal account can start a path to Bitcoin investment or expand an existing plan. Our portal is convenient and straightforward; Koinal uses bank-issued cards to make cryptocurrency purchases.

    Long-Term Projections

    The well-informed cryptocurrency community has seen bolder predictions. For example, a widely distributed Stock-to-Flow Model forecasts a $100,000 price by late 2020. The Bloomberg article suggests that both historical trends and the current supply and demand direction favor Bitcoin growth. Institutional demand is rising, and it will likely increase while the supply approaches the production limits. The limited supply will drive prices higher.

    At Koinal.io, we work with you to carry out your investment and financial plans. Our program works with small or large volume purchases. Koinal works with the leading cryptocurrency exchanges that offer a wide variety of leading currencies.

    Short-Term Projections

    While the long-term price point gets the attention, the article notes that the short-term prediction is that BTC will once again reach the $14,000 price point in 2020. The year 2019 was the last time Bitcoin sold at that level.

    A Koinal account can set you on a path to participate in cryptocurrency. The Koinal purchasing process is easy to understand and convenient; it does not require bank wires or other special arrangements. We are here to help you open an account and start trading today.

    submitted by /u/koinalio
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    PayPal plans a much wider embrace of cryptocurrency, including Venmo use

    Posted: 02 Nov 2020 06:32 PM PST

    Bitcoin Is Back Trading Near Three-Year Highs - WSJ

    Posted: 03 Nov 2020 01:28 AM PST

    Whoever Wins The US Elections Is Going To Send The Money Printers Into Overdrive. Bullish!

    Posted: 03 Nov 2020 12:41 AM PST

    The need for another stimulus package worth trillions of dollars is one of the only things uniting lawmakers across the aisle.

    Whether it's Trump or Biden in the White House come January, expect some serious helicopter money coming in the first 100 days.

    We all remember what happened to Bitcoin the last time the money printers went brrr.

    submitted by /u/dazaraf
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    ⚡️Lightning Pool Is Open for Business: Lease Liquidity, Earn Returns, Stack Sats ⚡️

    Posted: 02 Nov 2020 08:09 AM PST

    Bitcoin Mining Difficulty Takes Biggest Drop in Nine Years

    Posted: 03 Nov 2020 02:51 AM PST

    WHO will follow PayPal's jump on the Bitcoin Crypto mega train?

    Posted: 02 Nov 2020 06:00 PM PST

    How to convert Bitcoin in fiat without selling: potential killer app of Discreet Log Contracts

    Posted: 03 Nov 2020 02:54 AM PST

    ⚡️Lightning Pool: A Technical Deep-Dive ⚡️

    Posted: 02 Nov 2020 08:21 AM PST

    What’s wrong with breadwallet? It’s charging me 16GBP/20USD to send a transaction worth 100USD

    Posted: 03 Nov 2020 01:29 AM PST

    I used to only get charged like $1-$2 usd per transaction. What is going on wtf

    submitted by /u/BatmanBey0nd
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    How to convert Bitcoin in fiat without selling

    Posted: 03 Nov 2020 01:18 AM PST

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