Bitcoin Daily Discussion, November 19, 2020 |
- Daily Discussion, November 19, 2020
- It's not a bull run until both kraken and coinbase go down
- Bitcoin Ban
- BTC 1000$ checkpoints go by like
- You don't need to own a full coin
- Just sold my gold
- I bought Bitcoin when it crashed to $3000!! Anyone else?
- Fuck Banks
- Sold XRP for BTC
- Sold my btc for a loss ... am I alone?
- Sold my silver today
- We made a combined orderbook for Bitcoin perpetuals
- We made History today guys! HODL
- In 2017, I received 2 bitcoins as a Valentine’s Day gift
- 17.9USD per mBTC, it's cheap, let's make it 20
- This cycle is NOT the same, this bullrun is not FOMO...there will be no 80% correction
- New Electrum release with Lightning enabled by default (+ macos Big Sur and other bug fixes)
- CEO of Largest U.S. Bank Says Smart People are Betting on Bitcoin
- US Senator Cynthia Lummis to Educate Congress about Bitcoin as a ‘Great Store of Value’
- Bank of England's chief economist gave a remarkable speech today where he discussed how central bank-issued digital currencies could help make it more difficult for savers to escape negative interest rates. Bitcoin fixes this.
- Bitcoin Bull market to continue in 2021 as citi predicts 20% dollar crash
- Hold vs bitcoin
- A Bitcoin song from 2014
- Run your own Bitcoin node, in Docker, for privacy!
- How I think of bitcoin...
| Daily Discussion, November 19, 2020 Posted: 18 Nov 2020 11:00 PM PST Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. [link] [comments]  | ||
| It's not a bull run until both kraken and coinbase go down Posted: 18 Nov 2020 08:21 PM PST Until then relax and wait until people buy bitcoin for over 100k [link] [comments]  | ||
| Posted: 18 Nov 2020 02:35 PM PST
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| BTC 1000$ checkpoints go by like Posted: 18 Nov 2020 04:59 AM PST
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| You don't need to own a full coin Posted: 18 Nov 2020 11:09 AM PST I keep seeing lots of posts about people worried that the price is going up so much that they'll never get a chance to own a full coin. We need to take a step back and look at the psychology of this and why people are coming up with this thought. First of all the word "Bitcoin" contains the word "coin" in it. What we typically refer to as coins these days makes us think that they should be cheap and you should be able to obtain them very easily. The reason this is even like this is because the USD (I'm in the US so using our money as example) has constantly been inflating forever making 1 dollar the standard choice of use. 40 years ago coins could still buy you something so they didn't always come with a cheap connotation to them. Secondly once you get past the name you need to come to the realization that 1 Bitcoin = 100,000,000 sats. At the point of mass adoption the general public will be lucky to even have 1,000 sats given that people can't even come up with $400 emergency money. Right now $1 USD buys you 5,591 sats. 20 years from now when you tell someone that you had the chance to get that many sats for a dollar they will be SOOOOOOOO jealous. Meanwhile now you're stressing you don't have 100,000,000. Stressing at that is the same as someone getting upset that they don't have 1 billion dollars now. Wouldn't you be more than fine with 20 million now? Hell, you could live a great life with 2 million alone. If the answer is yes then 20,000,000 sats (0.2 bitcoin = $3,569) should make you filthy rich in the future. Last, but not least you have to understand that 1 Bitcoin is literally just a label (an amount, a unit of measure) and not what's transacting through the network. For example in comparison we have pennies, nickels, dimes, quarters, etc.. I can give you 5 pennies or give you 1 nickel. On the bitcoin network the only thing that's transacting are sats. Sending a bitcoin is sending many sats. It's ONLY sats. 1 Bitcoin is merely just a label, not an actual "coin" per se. [link] [comments]  | ||
| Posted: 18 Nov 2020 04:48 PM PST Only had 2 oz and lost $500 this year on it. Felt like a waste and didn't see any upside. Bought more btc. Feels good. Now to sell my silver. Edit: just got my first gold reward on Reddit. Feels good man.jpeg [link] [comments]  | ||
| I bought Bitcoin when it crashed to $3000!! Anyone else? Posted: 18 Nov 2020 06:21 PM PST | ||
| Posted: 18 Nov 2020 03:38 PM PST | ||
| Posted: 18 Nov 2020 06:06 PM PST I sold all of my XRP from BTC about a month and a half ago. It was such a relief, best decision I've made in a long time [link] [comments]  | ||
| Sold my btc for a loss ... am I alone? Posted: 18 Nov 2020 11:18 AM PST Not meant to be sob story just needed to vent a little. I'm posting this so I guess I'm asking for it (neg comments) but be warned no one can make me feel lower at this moment. I am happy for all who were able to hodl through though! There is a little comfort knowing you were right about this. Long story short: I bought btc on that massive pump in 2017. End of 2018 I had 2 choices become homeless or sell the only thing I owned and keep a roof over my head. I had always said I'd never sell my btc. "I'd go homeless first!" Ha! When homelessness became an actual possibility ... you find out where your priorities actually are. It was just as btc was capitulating down to 3-4 k region (timing ... I know). I held out as long as I could. I maxed out credit cards. I liquidated the small 401k I had. I submitted hundreds of resumes. I ate flour & water pancakes for months. It was inevitable, I had to sell my btc; right around 4k if memory serves. My job is not steady and dependent upon tips. Couldn't come up with $$$ to get back into btc especially during these lockdowns. I was trying but btc decided to run up without me. Congrats to all you hodlers that didn't have to sell like me. I mean that! I'm glad that some of us "little guys" are going to get ahead in this world! Thanks for letting me vent a little. [link] [comments]  | ||
| Posted: 18 Nov 2020 07:22 PM PST Had a lot of peace dollars, some silver quarters and a little bullion... Bitcoin purchase I made has me feeling good. [link] [comments]  | ||
| We made a combined orderbook for Bitcoin perpetuals Posted: 19 Nov 2020 02:10 AM PST A friend and I made a page where you can see some of the larger-volume perpetuals as a combined orderbook, mainly for our own trading. We wanted to see if it was something you guys would be interested in as well - it's pretty interesting to see the big disparity in prices sometimes between some of these exchanges given the recent volatility. Let me know what you think (it only supports BTC right now but we're thinking of adding more coins and exchanges): https://coinlobster.com/combined.html [link] [comments]  | ||
| We made History today guys! HODL Posted: 18 Nov 2020 06:15 PM PST
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| In 2017, I received 2 bitcoins as a Valentine’s Day gift Posted: 18 Nov 2020 08:02 AM PST In 2017, my ex bf planned to give me a necklace as a Valentine's Day gift. However he found it too difficult to choose, so I received 2 bitcoins as a gift insdead. Now I understand his romance. [link] [comments]  | ||
| 17.9USD per mBTC, it's cheap, let's make it 20 Posted: 18 Nov 2020 07:05 PM PST | ||
| This cycle is NOT the same, this bullrun is not FOMO...there will be no 80% correction Posted: 18 Nov 2020 09:03 AM PST Everyone is waiting for the FOMO. It's not going to be like 2016. The big boys have come to play. They don't FOMO. They dominate. The positions they take will be colonial. They have long time horizons and they are not buying bitcoin with paychecks. This bull run will cause suicides. When dumbass traders realize what they had in their hands that they sold for a measly 2-3x. Working class wholecoins will start to be few and far between. Because buying a whole coin will require you to sell your house. This next 4 years is not just "the next cycle" it's the next phase. Where governments will have to respond. Where criminals are going to step up their game. Where publicly declaring that you have a whole bitcoin could be dangerous to you and you're family. This bull run is not going to be a retail FOMO extravaganza. This bull run is the beginning of the fall of fiat. This bull run will cement Satoshi's white paper as one of the most important documents in human history. There will be no 80% correction. There will be no fall from $300,000 to 50k. Grayscale is not a weak hand. MicroStrategy is not a weak hand. Fidelity is not a weak hand. The institutions that are buying bitcoin couldn't give a shit about "when Lambo". They get lambos for free. They control governments. People expect that hyperbitcoinization will occur with government adoption. The companies that are and will buy in the next year, are the ones that have governments in their pockets. They will be no 80% correction. Source and credit: https://twitter.com/AnthonyDessauer/status/1328552929083621377 Also, read this great an more detailed article from yesterday on Forbes:
Edit: Adding these good points by u/gunshotaftermath
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| New Electrum release with Lightning enabled by default (+ macos Big Sur and other bug fixes) Posted: 19 Nov 2020 02:47 AM PST
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| CEO of Largest U.S. Bank Says Smart People are Betting on Bitcoin Posted: 18 Nov 2020 09:45 AM PST
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| US Senator Cynthia Lummis to Educate Congress about Bitcoin as a ‘Great Store of Value’ Posted: 19 Nov 2020 12:08 AM PST
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| Posted: 18 Nov 2020 12:28 PM PST
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| Bitcoin Bull market to continue in 2021 as citi predicts 20% dollar crash Posted: 19 Nov 2020 01:40 AM PST
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| Posted: 19 Nov 2020 02:56 AM PST Have 50% gold and 50% Bitcoin. Considering selling gold for BTC. What would you do and why? I feel BTC even though it's a risk it might be better to hodl rather than gold. Seeing many ppp sell gold for BTC and considering doing the same but wanted to see what the consensus was. Gracias Edit - Obvs I mean gold not hold. [link] [comments]  | ||
| Posted: 19 Nov 2020 01:27 AM PST
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| Run your own Bitcoin node, in Docker, for privacy! Posted: 18 Nov 2020 06:44 PM PST I'm not sure there will be any interest in this, but I created a docker-compose deployment that wraps bitcoin-core, electrum-personal-server, and a vpn-client. This allows you to keep your transaction history more private by not broadcasting your transactions to third-party servers, thus breaking the ability for your IP address to be associated with your wallet address. More info on that here. If anyone is interested in trying this out, I'd be happy to assist! [link] [comments]  | ||
| Posted: 18 Nov 2020 03:13 PM PST I have seen a lot of people referring to the recent statement from some stock market guy saying 'I don't get bitcoin, wah wah it's just internet monopoly money, I'd love someone to prove me wrong'. I get it. I get why someone might think that. But bitcoin isn't money. Bitcoin is like land. Digital land. The most prime digital land in the entire digital domain. There's only so much of it to go around, it is never going anywhere, and they'll never make any more of it. If you think of a landowner, like a farmer, they might have tens of millions of pounds worth of land but relatively little cash. To them, the price of land doesn't matter, what matters is that the land they have is worth an amount that is unpurchasable for the average person. Once you sell your land you'll never be able to buy it back and generations of landowners recognise this and forgo the acquisition of chattels in preference for acquiring more land. That's how to think of bitcoin. If you have one bitcoin, that's not one acre of land, it's thousands of acres. And it's not land in the barren Siberian tundra, it's prime real estate in the glittering metropolis. Acquire bitcoin, hold onto it, and never sell. It's not ever going to go to zero, it's land. [link] [comments]  |
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