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    Bitcoin Daily Discussion, November 26, 2020

    November 26, 2020

    Bitcoin Daily Discussion, November 26, 2020

    Daily Discussion, November 26, 2020

    Posted: 25 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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    To the moon please

    Posted: 25 Nov 2020 03:00 PM PST

    HODL Bitcoin

    Posted: 26 Nov 2020 01:00 AM PST

    For those asking for a BTC DIP!

    Posted: 25 Nov 2020 06:54 PM PST

    Now is your chance guys. Don't let it pass! Black Friday sale underway!

    submitted by /u/Mari0805
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    For the newcomers! This correction is normal! Nothing new. Be strong! HODL

    Posted: 26 Nov 2020 12:08 AM PST

    If you don't sell, you wont lose!

    submitted by /u/non_fingo
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    Down 12% today, is a funny way to say I'm up 45% this year...

    Posted: 26 Nov 2020 01:09 AM PST

    Time to snatch these coins from your weak hands. LOL!

    submitted by /u/commanderjdm
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    My greed got the best of me. I just bought the top at 19,300

    Posted: 26 Nov 2020 01:12 AM PST

    I went against DCA rules. I lump summed a fat FAT FAT amount in at 19,300 and ever since it's gone down to 16,500 and now I only have a couple hundred left in fiat to buy the dip. Now watch im going to try and time the low point of the dip but I will end up failing miserably. I'm so fucking depressed. This always happens to me.

    submitted by /u/Fahghettt
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    Did You Notice? Bitcoin is Almost at $20K and Fees are Still Ridiculously Cheap

    Posted: 25 Nov 2020 06:07 AM PST

    BITCOIN VS GOVERNMENT

    Posted: 26 Nov 2020 01:34 AM PST

    Just a reminder

    Posted: 26 Nov 2020 01:46 AM PST

    U.S. Treasury and Secretary Mnuchin propose Regulation of private Crypto Wallets ��

    Posted: 25 Nov 2020 04:08 PM PST

    BLACK FRIDAY SALE STARTS NOW!!!!

    Posted: 25 Nov 2020 07:43 PM PST

    Get it while it's hot.

    submitted by /u/sculptingstealer
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    Healthy pullback

    Posted: 26 Nov 2020 01:05 AM PST

    Remember to buy the dip

    submitted by /u/SpecT420
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    RIP to those who sold at 17200 and now price has rebounded

    Posted: 25 Nov 2020 08:08 PM PST

    Have weak hands, get rekt

    submitted by /u/CompulsiveThief
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    Bitcoin owes its life to HODL Gang

    Posted: 25 Nov 2020 05:27 PM PST

    Recently, a lot of attention has been credited to institutional investors for fueling our ride to $19,000. These institutions have finally recognized Bitcoin as a store of value. Individuals like you, who HODL'd through the last boon and bust are the reason BTC works as a store of value. Ya'll proved, through your hard work and dedication, that there will always be a floor price for BTC, that there will always be a regular person willing to trade some of their hard work to support the network. The value of a currency is most importantly in the belief of the people whom adopt it, our shared dream and our persistence has been and will continue to be the soul of Bitcoin.

    submitted by /u/ChTender
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    What are the best arguments AGAINST Bitcoin?

    Posted: 25 Nov 2020 07:19 AM PST

    Disclaimer: I'm a DCA HODLer bullish on btc.

    This place is an echo chamber of enthusiasts. I get it, I'm one too. But what are the best arguments against Bitcoin? And I mean against the underlying fundamentals, not the chance it may moon or may bust.

    I am looking to challenge my belief in Bitcoin's future in a healthy way, as we all should. This will either reinforce my commitment to btc or wreck it. Both are ok if valid.

    Any Devil's Advocates out there?

    submitted by /u/next_rounds_on_me
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    HODL. This is just a test

    Posted: 25 Nov 2020 09:33 PM PST

    This is just a retracement test for the weekly highs. It's been only a few hours. Let those who are scared sell them self out and you HODL because we are going over 20k

    I expect to see it jump to 35 before year end and back to average 25k

    submitted by /u/IAMEngineer
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    Its fine, just fine...

    Posted: 26 Nov 2020 12:28 AM PST

    Michael Saylor CEO of MicroStrategy Talks Bitcoin as a Treasury Asset on CNBC - November 25th 2020

    Posted: 25 Nov 2020 03:50 PM PST

    Bitcoin Boating Accident by @BitcoinUltras

    Posted: 25 Nov 2020 04:23 PM PST

    Let me tell you something about crashes, and corrections

    Posted: 26 Nov 2020 12:55 AM PST

    Been in BTC since 2013, when I bought my first coins for $40-$80 each.

    Bitcoin has a 4-year halving cycle consisting of about 1 year of a bull run (after the halving) and 3 years of a bear market.

    During the bull run (1st year), prices rise quickly but often have corrections of 30-40%. Which means absolutely nothing. These are the weak hands, and other people desperate for cash.

    The first real big crash comes at the end of the bull run, meaning after the All-Time-High: a sudden drop of up to 60-80%, which then quickly bounces back. But from there, the bear market begins, and price will slump for 3 years. By the end of the second year, price will hit lows of-60% to -80% from the ATH.

    During the bear markets, prices sometimes rise again, but always keep falling back down.

    Best thing to do is invest right at the start of a bull run, cash out near the ATH. Then just don't invest for 3 years. Wait it out for the next bull run. There's no point in keeping money in BTC during a bear market.

    FYI You're still at the start of a massive bull-run today. Best thing to do now is to "buy the dip". This advice only makes sense during bull runs. After the nextATH has been achieved, there's no "buying the dip". During the bear market (2022-2023), here's only throwing your money into a gaping void.

    submitted by /u/iamnobodysfriend
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    If yall are scared you invested too much

    Posted: 25 Nov 2020 08:07 PM PST

    If you are scared right now you invested too much. Probably rethink your allocation. It's only 8% max drop. it's most likely going down 15-25% the last high. So probably 15k-16k region.

    submitted by /u/blckeagls
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    To all the new buyers who got unlucky. In times like these you need to look at memes

    Posted: 26 Nov 2020 01:09 AM PST

    Coinbase is front-running an incoming negative NYT's article. Should drop on Sunday. Buy that dip.

    Posted: 25 Nov 2020 11:40 PM PST

    Not as bad as the pizza guy, but in 2014 I bought a $450 telescope with bitcoin that would be worth $14,980 today...

    Posted: 25 Nov 2020 05:59 AM PST

    The telescope was $457.00. Bitcoin was at $598 and Overstock.com just started accepting it, so I figured I would support the ecosystem and spend some of by bitcoin. Also people were telling me that bitcoin was going to be worth nothing soon so I figured I would hedge by spending a little, lol.

    Spent 0.7643 on that telescope that would be worth $14,980 today!

    https://imgur.com/a/0TQ4zkh

    Edit: I should add that I did initially return it because it was defective, but I used my store credit to buy another one.

    submitted by /u/kodiak1120
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    Buy the dip.

    Posted: 26 Nov 2020 12:02 AM PST
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