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    Bitcoin Daily Discussion, November 08, 2020

    November 08, 2020

    Bitcoin Daily Discussion, November 08, 2020

    Daily Discussion, November 08, 2020

    Posted: 07 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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    people celebrating a new establishment president while the country is still $27 trillion in debt

    Posted: 07 Nov 2020 12:34 PM PST

    yeah I think it's time to buy more Bitcoin...

    submitted by /u/throwaway9095230
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    What is the best Bitcoin Visa card out there?

    Posted: 08 Nov 2020 02:00 AM PST

    I've been watching the crypto card industry closely recently but I never knew non-custodial crypto cards were a thing until now, interested to see how fairs. Does anyone have any good bitcoin card recommendations?

    submitted by /u/seeitinimax
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    I remember the last time we hit 15k

    Posted: 07 Nov 2020 02:30 PM PST

    It was complete mania, 24/7 news coverage, everybody I knew was talking about it, and I was busy selling for huge profits. This time no one is surprised, the hype has barely started, and I wouldn't dream of selling now. This run is going to be big.

    submitted by /u/TheBakedGod
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    My latest work

    Posted: 07 Nov 2020 12:18 PM PST

    BTC free us from fiat !!

    Posted: 07 Nov 2020 03:46 AM PST

    Buy the dip...

    Posted: 07 Nov 2020 11:36 AM PST

    Don't panic, and just buy the dip.

    submitted by /u/subduderecords
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    1/ Satoshi’s Vision™ is a silly endeavor, as it doesn’t matter what it was, we are where we are now. However, those pushing the “Bitcoin was first made for payments” narrative insist on cherry-picking sentences from the white paper and forum posts to champion their perspective.

    Posted: 07 Nov 2020 09:10 PM PST

    I'm thinking about doing the unthinkable.....

    Posted: 07 Nov 2020 03:25 PM PST

    So yeah, I am seriously considering talking a very serious $100k risk, so naturally, I figured I would consult a bunch of random strangers on the internet for advice......

    I am considering taking 100k out of my 401k and sticking it in btc.

    I know.....

    Here are my details: My wife and have about 400 total in our 401's. I am 57, and for the most part retired (I have "flipped" properties the last couple of years, but at this point I am pretty much income neutral).

    My wife's situation is a bit odd: she was let go from Deloitte due to the covid situation, but she is still planning on working about 15 more years as she has a solid marketable career skillset as a financial risk expert (and is 7 yrs younger that me). She was making 230k last year as a senior manager, and should be able to get a position making at least 200k when she returns to the job market (which theoretically should add another 100k or so to our retirement fund)

    So, the 100k would essentially be about 15ish% of our "liquid" cash (we have about 300+k in property equity, plus 25k in btc and maybe 20k in other investments).

    We would of course be paying a 10% penalty, plus the 30% income tax on the 100k 401k withdrawal, so right off the bat that 100k has already dropped in value to 60k....

    What do you think - is it worth the risk?

    submitted by /u/ramagam
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    Crypto ATMs Grew 80% in 2020: Every Hour There's a New Machine Installed

    Posted: 07 Nov 2020 12:41 PM PST

    Legendary Value Investor Bill Miller: Every High Net Worth Firm Will Get Exposure To Bitcoin

    Posted: 08 Nov 2020 02:49 AM PST

    Hodl steady friends.

    Posted: 07 Nov 2020 11:53 AM PST

    The first major critic to admit they were wrong about Bitcoin.

    Posted: 08 Nov 2020 12:34 AM PST

    If you agree, please like and retweet. Free Ross Ulbricht

    Posted: 07 Nov 2020 06:17 PM PST

    Warning - Buying Bitcoin through TrustWallet - misleading quotes - high fees *UPDATE*

    Posted: 08 Nov 2020 01:09 AM PST

    Hi guys! 2 weeks ago I posted this thread:

    https://np.reddit.com/r/Bitcoin/comments/jjdtja/warning_buying_bitcoin_through_trustwallet/

    Copy/paste:

    Hi all,

    Usually I use Cashapp to buy my Bitcoin (weekly, I DCA) and then I store in in Trustwallet, which is a mobile wallet owned by Binance.

    I noticed they added a "buy BTC" option directly in the TrustWallet app, so I gave it a shot.

    Unfortunately, they outsource the actual crypto buying process to a sketchy company, which uses misleading tactics.

    As you can see from this screenshot: https://i.imgur.com/AWjcnro.png

    US$5000 was to purchase 0.41635 BTC, an amount that I'm happy with.

    However, at checkout, they change the deal to this: https://i.imgur.com/AWjcnro.png

    In simple terms, they wanted to sell me 0.43092 BTC for $5000, and then added a $175 "processing" fee. That's more Bitcoin than I wanted to buy, more fiat than I wanted to spend, and it brings the base price of the bitcoin from $11,603, to $12,009, a far larger number.

    I would have no problem with this if they were upfront about the fees and what they are doing, but now I have sour taste in my mouth. I've been into crypto for a little while. Can you imagine how predatory this would seem to a new user who's going through their first buy?

    This is my first post, so I hope I did it properly.

    I want to provide some context and an update.

    The above IS an issue. However, it is ONLY an issue if you use MOONPAY to buy crypto through Trust Wallet. The other payment providers do not perform a bait and switch, or perform deceptive techniques.

    Trust Wallet and Moonpay are still implicated, but Trust Wallet does have other payment providers in their "buy" function that DO NOT bait and switch you. Moonpay, however, does perform the bait and switch.

    I hope this clarifies things. It's still shame on you moonpay, and shame on you Trust Wallet.

    submitted by /u/markpaul00
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    21ISM interview with the creator of the Lightning ATM 21isenough

    Posted: 08 Nov 2020 12:24 AM PST

    After Kanye West and PewDiePie renowned Rapper Logic endorses Bitcoin

    Posted: 08 Nov 2020 01:07 AM PST

    Another Mysterious String of 1,000 ‘Satoshi Era’ Bitcoins Mined in 2010 Moved Today

    Posted: 07 Nov 2020 10:54 AM PST

    Multiple people on-boarded to Lightning at the same time without opening multiple layer 1 transactions - true or false?

    Posted: 07 Nov 2020 08:09 PM PST

    Someone commented that this is a thing. Is it true?

    If true, why aren't exchanges using lightning? Because it's still so early in development, relatively speaking, and they want to fool around with potentially losing customer funds I'm guessing? Does this not essentially solve all scaling issues if true? IDK. I'm the furthest thing from a developer, lul.

    submitted by /u/johnwick3
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    Where can I buy Bitcoin Lightning in the USA

    Posted: 07 Nov 2020 10:13 PM PST

    Thanks in advance 🇺🇸 🇺🇸

    submitted by /u/RenaLovington
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    This Week's Top Bitcoin, Cryptocurrency, Finance & Economics News

    Posted: 08 Nov 2020 01:22 AM PST

    GoLightning.club

    Posted: 08 Nov 2020 03:28 AM PST

    Exchanging BTC to dollars

    Posted: 08 Nov 2020 02:47 AM PST

    I want to exchange a sum of btc from my wallet to some USD and i have no idea of how do i do that, and if it could be somewhat low fees. Ex. I would like to exchange 100$ but fees to move it are 9$. I use binance to buy them but they dont do the other way around.

    submitted by /u/PsychoticBolt
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    How can small businesses start accepting Bitcoin as a payment option?

    Posted: 08 Nov 2020 02:44 AM PST

    Looking for low fees?

    Posted: 08 Nov 2020 02:11 AM PST

    Check bisq. Now that the mempool is small and mining fees cheap (check here), fees at bisq have dropped a lot.

    You can post an offer for around 0.00008 BTC, mining fees included.

    submitted by /u/bertvanhouten
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    Demand for Bitcoin Is Far Outstripping New Supply So Much We Might Have a 'Supply Crisis'

    Posted: 07 Nov 2020 03:56 AM PST
    Read more
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