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    Bitcoin Daily Discussion, November 10, 2020

    Bitcoin Daily Discussion, November 10, 2020


    Daily Discussion, November 10, 2020

    Posted: 09 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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    How I bought 1 BTC making $15 an hour after 2 years!

    Posted: 09 Nov 2020 09:50 AM PST

    It all started,

    In late 2015 when I first started mining Bitcoin when I first downloaded Miner gate. After installing it and still couldn't figure out how to move it to my own wallet, I just gave up for about a year or so. It was still too complex at the time to use. I only mined about $100 bucks or so.

    2017 rolls around, BTC starts going crazy. I started investing JUST before the $20K ATH. As 2018 starts, it pretty much went downhill from there. However I never gave up because I knew Bitcoin was something special and unlike any other asset.

    All throughout 2018 I did all the wrong things you should never do as an investor. I bought at the ATH, I caught a falling knife and bought bitcoin literally as I watched it go from $20K, $15K,$10K, and down to the months long slog at $3,000. I even tried trading and buying Altcoins and lost even more money. When BTC was stuck down there, thats when I was buying the most. Even when nobody was making youtube videos anymore and nothing but FUD left and right, I was still buying. Mostly because I heard a bunch of youtubers say "buy when there is blood in the streets" so that's exactly what I did. Keep in mind I had never invested in a stock my entire life at this point.

    The Key method of how I got 1 BTC

    Dollar cost Averaging

    That is the key. Every single week I got paid it was only about $500 a week. Since I lived with my mom and only paid half rent, every two weeks I got paid I would buy exactly 0.01 BTC (put another way, I bought 1% of a bitcoin every 2 weeks). Regardless of the price I would invest.

    Since 2018 was a bear market, It was getting cheaper and cheaper every single week. When it was $3000, It was so cheap that 0.01 BTC was like $30 or $40 a piece so I bought like 3 or 4%(0.03 BTC) every 2 weeks. Since there is 52 weeks in a year, by the time 2019 rolled around, I already had roughly 65% of a Bitcoin. 2019 was half bear and half bull market but still I stuck to my guns and no matter what every paycheck I bought 0.01 BTC regardless of price.

    Now by the time 2020 rolled around I had exactly 97% of a BTC. It was only this year That I had finally gotten to 1 BTC! I heard Charlie lee say a long time ago to stay away from Altcoins until you have 1 BTC and that is exactly what I did. After the pandemic started, I then started buying Ethereum 0.2 ETH a paycheck and I now have multiple ETH.

    I just wanted to tell my story of how I got 1 BTC and hopefully inspire others to get invested. I don't know if what I did was luck or skill, but the key thing is to stay consistent. If you water a plant every single day eventually you will get the fruit.

    submitted by /u/Nossa30
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    Sold my gold ETC today, shifting all to bitcoin.

    Posted: 10 Nov 2020 01:53 AM PST

    Billionaire Stanley Druckenmiller says if the gold bet works, the Bitcoin bet will work better

    Posted: 09 Nov 2020 11:28 AM PST

    Mempool is clear...get those cheap transactions while you can

    Posted: 09 Nov 2020 04:49 PM PST

    Billionaire Hedge Fund Investor Stanley Druckenmiller Bets on Bitcoin

    Posted: 09 Nov 2020 07:14 PM PST

    Ex-Microsoft engineer gets 9 years in prison after using digital currency scheme and Bitcoin mixers to buy $1.6M lakefront home, $160K Tesla

    Posted: 09 Nov 2020 10:14 PM PST

    I think the clear ageing on this T-shirt says it all...

    Posted: 09 Nov 2020 08:29 AM PST

    Kraken's intelligence team identified signs a new bull run is about to begin

    Posted: 09 Nov 2020 11:01 AM PST

    My first 4 sats routing fee on lightning network!!!

    Posted: 09 Nov 2020 10:04 AM PST

    My first 4 sats routing fee on lightning network!!!

    After two weeks of 24/7 always online, today my node got to route 4 transactions and got paid 4 sats. Lightning network is amazing.

    https://preview.redd.it/mwaw28jm79y51.png?width=674&format=png&auto=webp&s=4b72b834bed8afb7bc523303f1d0943ebbc14c97

    submitted by /u/simvudh
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    Sound Money Stronghold

    Posted: 09 Nov 2020 12:34 PM PST

    Bloomberg Strategist Says Bitcoin’s Price is Heading to $20,000

    Posted: 09 Nov 2020 11:34 AM PST

    Bitcoin hashrate up 30% – commentators point to Chinese miners completing seasonal move

    Posted: 10 Nov 2020 02:09 AM PST

    "Iran opting to use Bitcoin due to its borderless technology and energy reliant production tells us of a future in which Bitcoin and cryptocurrency play a much more meaningful role in international trade and politics"

    Posted: 09 Nov 2020 08:57 AM PST

    (Video) MicroStrategy CEO who invested $425 million in Bitcoin explains why Bitcoin is better than Gold

    Posted: 09 Nov 2020 01:13 PM PST

    Decentralisation of Bitcoin ��

    Posted: 09 Nov 2020 02:47 PM PST

    Every Wednesday there is a hosted Bitcoin Core Pull Request Review Club on IRC. All welcome to join. Tomorrow's topic: PR19315 - Allow outbound & block-relay-only connections in functional tests (hosted by jnewbery)

    Posted: 10 Nov 2020 02:53 AM PST

    Terrible Fee Estimators in Entire Bitcoin Ecosystem

    Posted: 09 Nov 2020 06:54 PM PST

    The mempool is clear now and I'm seeing 30 dollars worth of BTC being moved with 300+ sat/vbyte. It makes zero sense. You can move bitcoin now for 1 sat/vbyte.

    What can be done to fix the horrible, horrible fee estimators in the bitcoin space?

    submitted by /u/ztx57
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    Citadel Paradiso

    Posted: 09 Nov 2020 10:59 AM PST

    JPMorgan revealed that Institutional investors are choosing Bitcoin over Gold

    Posted: 09 Nov 2020 08:53 AM PST

    Oppose New Jersey's Senate Bill 3132, a NJ "bitlicense," as it would prohibit you from engaging in any "digital asset business activity" without a NJ license or another state license

    Posted: 09 Nov 2020 12:55 PM PST

    Make your own center punch metal bitcoin seed storage

    Posted: 09 Nov 2020 06:42 AM PST

    The Bitcoin Fund Announces New $25 Million Offering

    Posted: 09 Nov 2020 03:46 PM PST

    Billionaire Stan Drunckenmiller is long bitcoin!

    Posted: 09 Nov 2020 11:14 AM PST

    How do most people do it?

    Posted: 09 Nov 2020 08:12 PM PST

    When you buy coins how much of your income do you put in? Do you keep a cash savings? More I learn more it feels like holding cash is a waste. I always hold over a years worth of cash for all my bills. Haven't been under that in years Bht this btc opportunity seems big. What would you do?

    Would you make your btc your entire bank ?

    submitted by /u/Such_Piece4597
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