Bitcoin Daily Discussion, November 25, 2020 |
- Daily Discussion, November 25, 2020
- My proposal for the satish symbol, still looks like the old school ‘S’, it’s quick and easy to write and it has 8 points representing 1 sat being in the eighth decimal place of 1 bitcoin
- Reminder to be nice to the new wave of newbies
- Two weeks ago I sold all my gold and bought bitcoin instead. Until now the decision turns out to be excellent. Im a millennial and I will never own gold again. bitcoin only from now on.
- BTC is making its come back!
- Another grant to Bitcoin developer, $150k donation goes to Brink.
- VanEck Just launched a Bitcoin ETN, bitcoin now trading on the german XETRA exchange
- Please invest in fiat the amount of satoshis you can afford to lose
- "All the big hitters in the hedge fund world are coming out to endorse bitcoin now; it is entering the realm of the mainstream."
- So is the S thing official yet? I'm horrible at graphics design but we could use something like this.
- Greek smaller letter Koppa (ÏŸ) for Satoshi?
- 100% of new coins being consumed - how significant is this?
- Weak hands
- PSA: If you have over $5k USD worth of Bitcoin, get a hardware wallet and use it. Remember, NYKNYC.
- Jim Cramer: “It’s not too late for Bitcoin...”
- The FOMO is REAL.
- Dear Bitcoin newbies: welcome to the space, ask me anything
- Bitcoin is a "bubble"? Bubbles only pop once. Bitcoin is waves.
- Beware of Bittrex and Bittrex Global Random Account Lock Scam
- Investing 50€ in BTC right now, worth it?
- Bisq v1.5.0 release finally brings SegWit to Bisq's trade protocol!
- People talking about BTC outside of crypto socials
- Overwhelmed Newbie
Daily Discussion, November 25, 2020 Posted: 24 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] | ||
Posted: 24 Nov 2020 01:30 PM PST
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Reminder to be nice to the new wave of newbies Posted: 24 Nov 2020 03:01 PM PST With the current price closing in on the ATH. I would expect a new wave of people coming in to this subreddit. Lots of 'dumb' questions will be asked. Lots of people will come here for FOMO. Some questions are real, while others are just trolls. There will be confusion between BTC and BCH for the new guys given the names of it's websites and subreddits etc. Let's remember to be nice and steer these guys in the right direction and welcome these new wave of people. [link] [comments] | ||
Posted: 25 Nov 2020 12:16 AM PST | ||
Posted: 24 Nov 2020 09:51 AM PST
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Another grant to Bitcoin developer, $150k donation goes to Brink. Posted: 25 Nov 2020 04:08 AM PST We are pleased to announce Kraken has agreed to donate $150,000 to Brink, a new research and development center seeking to educate the next generation of Bitcoin developers. Founded by Chaincode Labs developer John Newbery and Bitcoin Optech contributor Mike Schmidt, Brink aims to address two issues: how to sustainably fund open-source developers working on Bitcoin and how to bring new developers into the project, which is today primarily supported by volunteers. Brink will offer grants to established open-source developers and onboard new talent through a year-long fellowship. Funds provided by Kraken will benefit the Brink mentorship program. Grants will be awarded by the Brink board, based on the individual's contribution history and potential. Funds will be awarded at the discretion of Brink, free from influence of any corporate sponsors, including Kraken. "I'm thrilled to partner with Kraken on our grants and fellowship programs. Kraken's investment in established open-source developers and newer contributors highlights their commitment to strengthening Bitcoin and ensuring its long-term success," John Newbery, Executive Director at Brink said. At Kraken, we recognize Bitcoin and cryptocurrencies would not exist without the hard work and dedication of open-source developers. In recognition of their valuable contributions, Kraken has started a grant program to support promising developers and projects. Over the past year, we have made two grants of $150,000 each, and supported a third project through a full-time hire. See our grant page for an overview of our program and how to apply. About Kraken Are you a developer looking to further your open-source project or simply looking for your next great career opportunity? Kraken would be interested to hear from you. We want people who constantly push themselves to think differently and chart exciting new paths in a rapidly growing industry. Kraken Grants About Brink Brink offers a new model for onboarding and funding Bitcoin protocol developers. The organization has applied to be a 501(c)(3) non-profit in the United States. Please contact [donors@brink.dev](mailto:donors@brink.dev) if you would like to contribute to their work. To learn more, visit brink.dev. Blog article HERE. [link] [comments] | ||
VanEck Just launched a Bitcoin ETN, bitcoin now trading on the german XETRA exchange Posted: 25 Nov 2020 03:12 AM PST
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Please invest in fiat the amount of satoshis you can afford to lose Posted: 24 Nov 2020 05:34 AM PST Buying fiat currencies with your Bitcoin is a highly speculative investment. They have shown a very high volatility in bitcoin terms. This is due in part to their mysterious creation process. Nobody knows how many more will come into existence. They have no intrinsic value and are involved in the large part of every criminal activity from drug and human trafficking, weapon, wars, you name it. For its distribution, fiat currencies use heavy and highly discretional commercial banking infrastructures that have been found many times responsible of money laundry schemes and that consume a lot of energy consumption which cause pollution. Their paper and coin form is a danger for the public health, carrying around a lot of pathogenic agents. Please invest in fiat the amount of satoshis you can afford to lose. For a little perspective in 2011 you could buy 1 USD only if you paid a whole BTC but today that USD is worth 0.000055 BTC. source: https://twitter.com/Gabridome/status/1330912676650897410 [link] [comments] | ||
Posted: 24 Nov 2020 04:16 PM PST
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Posted: 24 Nov 2020 10:33 AM PST
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Greek smaller letter Koppa (ÏŸ) for Satoshi? Posted: 25 Nov 2020 02:43 AM PST Saw the discussion on https://www.reddit.com/r/Bitcoin/comments/k0e98n/my_proposal_for_the_satish_symbol_still_looks/ And although I like it, it seems hard to write (at certain extent) and it would require a submission to be added to Unicode I took a look at the character map, and ÏŸ seemed like a good candidate ÏŸ10000 = ~$2 ok, submitting this with the possibility of a massive stream of downvotes. Just a thought [link] [comments] | ||
100% of new coins being consumed - how significant is this? Posted: 25 Nov 2020 02:12 AM PST Maybe I've got this wrong, but from what I've heard, between PayPal and Square, 100% of all new coin issuance is being purchased directly from miners. The implication is that the actual supply of BTC (available to retail users) is no longer growing. Combined with the surge in demand, driven by institutional players, it seems we have entered a new paradigm, where the supply/demand ratio has shifted completely. Does anyone have any observations on this dynamic, other than it being simply 'bullish' for the price? (Lord knows those words have been uttered enough in the last few weeks!) Thanks! [link] [comments] | ||
Posted: 24 Nov 2020 08:32 PM PST Just a PSA that we are going through incredible gains in Bitcoin and there will be multiple waves of weak handed sell offs. Dont be one of those people when your friends and family that know nothing about crypto start telling you to sell. Great you made 120% on your 2 year investment and cashed out 40k. You'll most likely end up spending it on liabilities or throw it back into Bitcoin at 100k. If you need to spend your BTC because of covid, your using it as a savings account. Try to have a separate portfolio which you won't touch even if you go homeless. Bitcoin has come a far way in 12 years. Lets learn from the past and envision what 10-20 years down the road would look like for this new asset. Great times are ahead and I just want the best for you filthy sluts. [link] [comments] | ||
PSA: If you have over $5k USD worth of Bitcoin, get a hardware wallet and use it. Remember, NYKNYC. Posted: 24 Nov 2020 07:52 PM PST Heck, maybe $5k is too little or too much for your comfort level. Regardless, drop under $100 on a hardware wallet, write down those seed words, and transfer those coins from your exchange into that wallet. Do it now slacker! Pick one of these linked below, or see comments for other suggestions. [link] [comments] | ||
Jim Cramer: “It’s not too late for Bitcoin...” Posted: 24 Nov 2020 03:36 PM PST
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Posted: 25 Nov 2020 01:49 AM PST You know the FOMO is real when hear a noise while you are sleeping and see that your wife is checking the price at 5:00am. 🤫🤷♂️🤔. I wonder how many of you are experience something similar?. [link] [comments] | ||
Dear Bitcoin newbies: welcome to the space, ask me anything Posted: 25 Nov 2020 03:41 AM PST I realised with the price increase we have quite a lot of new people interested in Bitcoin. Sometimes people in the community assume you already know everything or are a bit bitter in their responses unfortunately. So today I'll be spending some time answering your questions, feel free to ask. (I am by no means an expert, just an 'advanced user'). Also a good place to start with basic information: https://www.reddit.com/r/Bitcoin/comments/i19uta/bitcoin_newcomers_faq_please_read/ Regarding Bitcoin Privacy, I wrote a thread for newbies as well: https://www.reddit.com/r/Bitcoin/comments/jycf9x/bitcoin_privacyanonymity_explained_for_newcomers/ [link] [comments] | ||
Bitcoin is a "bubble"? Bubbles only pop once. Bitcoin is waves. Posted: 24 Nov 2020 05:02 PM PST | ||
Beware of Bittrex and Bittrex Global Random Account Lock Scam Posted: 25 Nov 2020 03:34 AM PST They recently pulled the "random freeze your account scam" on me and browsing their subreddit many others have been scammed in various ways too. This needs to be spread widely. Bittrex and Bittrex Global scams, frauds and thefts against their users (just from their own subreddit!!!!), 37 of them just in the last three months not including how they scammed me:
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Investing 50€ in BTC right now, worth it? Posted: 25 Nov 2020 12:16 AM PST | ||
Bisq v1.5.0 release finally brings SegWit to Bisq's trade protocol! Posted: 24 Nov 2020 09:59 AM PST
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People talking about BTC outside of crypto socials Posted: 24 Nov 2020 01:39 PM PST Does anyone else feel like they're getting a brain aneurysm when they come across a non crypto social media page or post that talks about bitcoin? I just ran across a comment thread on a finance youtube channel I follow where he had a poll asking about bitcoin as an investment and the general lack of knowledge and ignorance about what Bitcoin is and its value proposition almost gave me cancer. One person compared it to tulips. Another said its backed by nothing. A third said its a bubble waiting to burst. A fourth says its just 1's and 0's. Am I in the twilight zone? The one positive thing about this is it tells me that we are STILL early. [link] [comments] | ||
Posted: 25 Nov 2020 02:58 AM PST Please be nice, but yes, I'm one of those fomo newbs. I've been curious about Cryto for a while but I'm overwhelmed by the information and the more I read and talk to people, the more confused I get. I know very little about any type of investing, but Crytpo certainly has my attention, especially after the recent surges and I don't want to get even more fomo so I'd like to act sooner rather than later. Any advice for a complete newbie, where to start, the best place learn the tricks of the trade, and/or Crypto people to follow? YouTube is so overwhelming. Is PayPal a good platform to buy and what other apps would you recommend? I know most people talk about Coinbase, but this was before PayPal came to the party. Lastly, and I know this question is personal, but what do a good amount to invest for the average person? Is it still smart to work on the notion of "don't invest what you're not willing to lose"? TIA! Edit: Question. [link] [comments] |
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