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    Bitcoin Daily Discussion, November 06, 2020

    Bitcoin Daily Discussion, November 06, 2020


    Daily Discussion, November 06, 2020

    Posted: 05 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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    I had to make this one

    Posted: 05 Nov 2020 03:54 PM PST

    Sold @ $15k 11-5-2020

    Posted: 05 Nov 2020 02:27 PM PST

    I bought 15 at ~$500. Sold today @ $15k.

    It feels good to pay off my mortgage! I know I should HODL, but getting the debt gorilla off my back was too big of a temptation to resist.

    But I'm sure I'll regret it 10 years from now. Or sooner.

    submitted by /u/FailureToHodl
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    15k btc let’s go!

    Posted: 05 Nov 2020 07:49 AM PST

    To the moon!!

    submitted by /u/Financial_Cable9276
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    The Cubans Are Becoming More Proactive In Bitcoin Payments

    Posted: 06 Nov 2020 02:30 AM PST

    Yeah! 4th place!

    Posted: 05 Nov 2020 06:49 AM PST

    If I had to describe how I feel right now...

    Posted: 05 Nov 2020 03:16 PM PST

    BTC has crossed $15,900, the highest value this year. It has gained almost 13% in less than 24 hours. Amazing.

    Posted: 05 Nov 2020 05:35 PM PST

    I posted yesterday when it crossed 14.5k, less than 24 hours later, it has almost touched $16,000. Hold me mama.

    Another fun fact: All top 20 coins/altcoins have gained value in the last 24 hours. First time i've observed this. http://prntscr.com/vect0d

    submitted by /u/EpicRayy
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    Now we know who moved that $1Billion in bitcoin - it was the US govt!!!

    Posted: 05 Nov 2020 02:05 PM PST

    Grayscale bought 7,808 BTC today.

    Posted: 05 Nov 2020 08:07 PM PST

    stupid flippers be like "heh heh i sold 15k gonna buy back at 14k"

    no you aint, bitch. whales buying, they never selling.

    DONT TRY TO TIME THE MARKET. buy & hodl

    smart money = many people dont try to time the market. Instead of buying $1,000 today, they buy $100 per week for 10 weeks resulting in a dollar cost average.

    in 1 year from now the stock-to-flow model predicts a price of $105,750 see this chart https://i.imgur.com/HuNDakq.png

    recent moves by the big grayscale etf

    456,537.193442 BTC as of 10/15/2020 = +7,068.49 -i missed a day, this amt is for 2 days

    465,196.251699 BTC as of 10/16/2020 = +8,659.05

    465,307.212256 BTC as of 10/19/2020 = + 110.96

    465,420.277404 BTC as of 10/20/2020 = + 113.06

    465,500.039475 BTC as of 10/21/2020 = + 79.76

    466,591.246521 BTC as of 10/22/2020 = + 1,091.20

    467,280.740948 BTC as of 10/23/2020 = + 689.49

    467,511.015376 BTC as of 10/24/2020 = + 230.27

    471,924.518340 BTC as of 10/27/2020 = + 4,413.50

    473,139.841716 BTC as of 10/28/2020 = + 1,215.32

    473,861.168652 BTC as of 10/29/2020 = + 721.32

    479,052.150352 BTC as of 10/30/2020 = + 5,190.98

    480,990.343880 BTC as of 11/02/2020 = + 1,938.19

    481,711.525350 BTC as of 11/03/2020 = + 721.18

    482,536.600285 BTC as of 11/04/2020 = + 825.07

    490,345.465368 BTC as of 11/05/2020 = + 7,808.86

    source https://grayscale.co/bitcoin-trust/

    tl;dr Bitcoin only goes up. hodlers always win.

    submitted by /u/atrueretard
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    Square reports $1.63 billion in bitcoin sales for the third quarter via its Cash App

    Posted: 05 Nov 2020 01:21 PM PST

    Before the Next Bitcoin Bull Market, Remember These 6 Essential Things

    Posted: 06 Nov 2020 04:06 AM PST

    I had written this in an article during the month of April 2020, but I think it is more essential than ever with the period we are currently going through:

    1. Bitcoin is an extremely volatile market

    Bitcoin's volatility is a feature, not a bug. You can make it your best ally, or your worst enemy. It all depends on the strategy you choose to adopt. By choosing to become a HODLer, you can make Bitcoin price volatility your greatest ally.

    As a reminder, with the current price of Bitcoin, HODLing Bitcoin has been a profitable strategy 99% of the time.

    2. You can lose all your money by buying Bitcoin

    Again, the secret is to be a Bitcoin HODLer. Trading requires specific skills that few people possess. If you are not one of the few people who have these skills, don't make the mistake of trading.

    Follow the best strategy possible with Bitcoin: Buy in DCA mode, Send on a hardware wallet, HODL, and iterate.

    3. Only buy Bitcoin with money you can afford to lose

    It's common sense as always.

    4. Beware of FOMO and FUD feelings

    Don't let your emotions take over in your choices. With the sharp rise in the Bitcoin price expected in the coming months, the hardest part is about to begin. You'll have to resist the urge that may arise to sell your Bitcoins in a hurry.

    If you sell your Bitcoins, you will end up regretting it sooner or later. Continue to be a Bitcoin HODLER.

    5. Do your own research before buying Bitcoin

    If you want to be a Bitcoin HODLER, you have to be convinced by the Bitcoin revolution. If you don't, you will end up losing a lot of money, because your lack of confidence will push you to make bad choices.

    Constantly deepen your knowledge.

    6. Set reasonable time slots to buy or sell Bitcoin

    Some people decide to trade anyway. They always try to be at the maximum of a top to sell and at the minimum of a bottom to buy. This pushes them to spend their time watching the Bitcoin price. Again, this is a mistake, and you will end up making bad decisions by doing so.

    The best thing to do is to limit yourself to the slots you spend looking at the Bitcoin price.

    That's basically the gist of the article. I think it's important to remember this because there will be a lot of new entrants to the Bitcoin world in the near future.

    submitted by /u/sylsau
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    Can we all take a minute to acknowledge the fact that during the bull run that we’re in right now, Coinbase hasn’t crashed a single time?

    Posted: 05 Nov 2020 07:44 PM PST

    Big ups to their IT department.

    submitted by /u/ShieldProductions
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    WE CRUSHED 15K GUYS!!!

    Posted: 05 Nov 2020 08:06 AM PST

    $16k who's still HODLing?

    Posted: 05 Nov 2020 04:58 PM PST

    Feels good since we had to go through a 2 year wait to see these type of price range. Remember to take profits as we can't keep going up forever.

    submitted by /u/Mari0805
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    Don't Buy Bitcoin. It's Going To Crash!!! (Never gets old)

    Posted: 05 Nov 2020 08:21 AM PST

    To the moon, boys!!

    Posted: 05 Nov 2020 08:22 AM PST

    1 Million Bitcoin Wallets Are Now Holding More Than $10,000 in BTC

    Posted: 06 Nov 2020 02:47 AM PST

    Hello $15k ��

    Posted: 05 Nov 2020 07:51 AM PST

    I Won 19.7 Bitcoin Betting On The 2020 US Presidential Election

    Posted: 05 Nov 2020 07:55 PM PST

    US Government now owns almost 70k Bitcoin after Individual X forfeited the amount to them. The funds were originally stolen from Silk Road.

    Posted: 05 Nov 2020 10:23 AM PST

    MicroStrategy’s Big Bitcoin Bet Is $133 Million in Profit—up 32%

    Posted: 05 Nov 2020 04:50 AM PST

    Bitcoin has held above USD10,000 for over 100 days

    Posted: 05 Nov 2020 04:11 PM PST

    As at November 4, Bitcoin has been trading above USD10,000 for over 100 days. The last time it was this long was in 2017/2018, where it traded above USD10,000 for only 63 days. A sign of change.

    submitted by /u/coolioblob
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    Told my family members, co-workers and friends about bitcoin for years. Nobody Listened.

    Posted: 05 Nov 2020 09:15 AM PST

    They all said:

    "Its a scam"

    "It doesn't physically exist"

    "Government won't allow it"

    "Its worthless"

    "US Dollars is accepted anywhere in the world. What do I need Bitcoin for"?

    submitted by /u/Nossa30
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    How did satoshi onboard the first miners/node operators?

    Posted: 05 Nov 2020 08:53 PM PST

    What did satoshi say to get the momentum going on decentralizing the network? Why did people help him bootstrap? I understand that the difficulty was extremely low and miners were even incentivized by earning BTC. But BTC was worthless at the time. And even so, why did users run nodes?

    submitted by /u/S0CRATEES
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