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    Bitcoin Daily Discussion, November 27, 2020

    November 27, 2020

    Bitcoin Daily Discussion, November 27, 2020

    Daily Discussion, November 27, 2020

    Posted: 26 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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    Simple BTC price ticker with E Ink display

    Posted: 26 Nov 2020 12:03 PM PST

    My trick mug is very relevant right now.

    Posted: 26 Nov 2020 10:56 PM PST

    “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.” – F.A. Hayek, 1984

    Posted: 26 Nov 2020 02:05 PM PST

    I sold some but don’t hate me

    Posted: 26 Nov 2020 01:02 PM PST

    Yesterday (Australia) I sold my first amount of crypto ever. 0.07 BTC at 18.9k USD. I am buying a new carbon road bike to help me get back into shape after a bit of an alcoholic bender these past few months. Today is day 1 of my sobriety.

    Looking at the prices I am so happy with when I finally made this decision, I've been holding for years.

    Next big dip, I've saved 5k AUD just for BTC.

    Just felt like sharing because this feels like a win.

    I will continue to hodl.

    Love you fuckers

    Edit: thanks for all the lovely comments on my sobriety. You guys are the best.

    submitted by /u/SkyllianVerge
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    It’s an old saying but...

    Posted: 26 Nov 2020 06:31 PM PST

    If you can't handle btc's 20% swings; you don't deserve its 1000% gains. Weak hands are for altcoins and day trading. Hodlers hodl. And thus reap the rewards.

    2017 was about lambos.

    2021 will be about countries.

    submitted by /u/parrire
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    Nigeria Is Emerging as a True Bitcoin Nation - Satoshi Nakamoto’s original use case, for Bitcoin as a payment tool, is positively thriving there.

    Posted: 27 Nov 2020 02:46 AM PST

    New buyers who are feeling anxious: just ask yourself if you think Bitcoin is PERMANENTLY done.

    Posted: 26 Nov 2020 10:30 AM PST

    If you're a new Bitcoin buyer and are asking whether you should sell, especially after buying in at 19k or higher and are anxious about whether you're going to lose money, think about what you believe bitcoin is when you first bought in.

    And the real question is: do you think Bitcoin is completely over?

    • Do you think that Paypal, Stripe, or all these major institutions who bought hundreds of millions worth of bitcoin in the past few months are done with Bitcoin forever after today?

    • Do you think that the new Bitcoin banks being set up in the US or Bitcoin debit card issuers are calling it quits after today?

    • Do you think that crypto is just a fad or that China's experiment of digital currency is going to be scrapped today?

    • Do you think that the market is now stable and people aren't going to look at this has a store of value anymore?

    • Do you think that Bitcoin's nearly $200 Billion market cap is done for, forever?

    • Do you think that with Paypal opening up Bitcoin as a payment to 38 million new merchants means FEWER people will use it moving forward?

    • Do you think we've maxed out adoption?

    If not, and you think that Bitcoin will probably go back up eventually, then relax. As long as you haven't sold, you haven't lost any money.

    You should only "cut your losses" if you've genuinely given up hope on Bitcoin entirely and believe that digital currency, as a store of value, is finished forever after today.

    Otherwise, the only difference today is you have an opportunity to buy in at a lower cost and actually IMPROVE your previous investment with averaging.

    Disclaimer: This isn't a post meant for traders who are looking for short term trades and profit from doing multiple trades daily. And if you aren't experienced in that area, I don't recommend choosing this volatile time to start gambling.

    submitted by /u/gunshotaftermath
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    Historical Bitcoin price on Thanksgiving:

    Posted: 26 Nov 2020 11:34 PM PST

    Historical Bitcoin price on Thanksgiving:

    ​

    -2011 : $2.50

    -2012 : $12.48

    -2013 : $829.99

    -2014 : $376.43

    -2015 : $327.52

    -2016 : $740.39

    -2017 : $8,754.69

    -2018 : $4,004.15

    -2019 : $7,138.23

    -2020 : $16,701.69

    submitted by /u/LeLeFoodChain
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    Billionaire Bill Pulte talking about how there’s 30 or so billionaires with BTC positions who haven’t come out publicly to announce yet

    Posted: 26 Nov 2020 02:30 PM PST

    Bitcoin is Fourth Turning Money with Brandon Quittem — What Bitcoin Did

    Posted: 26 Nov 2020 11:16 PM PST

    Lot of us bought at 1k in 2014 and 20k in 2017

    Posted: 26 Nov 2020 12:15 PM PST

    And we saw it correct 80%. It felt like chewing glass while being constantly punched in the face.

    So guys who just got in, don't bitch about a little correction. You bought Bitcoin, not a bank fixed deposit.

    submitted by /u/thecryptomask
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    Thankful for Bitcoin

    Posted: 26 Nov 2020 04:47 PM PST

    Getting towards the end of thanksgiving here on the east coast of the US, but just want to say that I am so thankful for bitcoin. Not only has it brought me so much wealth in a young age, but it has in total just allowed me to see the world from such a different perspective. I really believe in bitcoin and the better world that will come with it. Thanks guys!

    submitted by /u/sploosh123456
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    PlusToken, a $4.2 billion crypto-asset case, will be dealt with by law, including 190,000 bitcoins

    Posted: 27 Nov 2020 02:02 AM PST

    On November 26, according to the criminal ruling of Yancheng Intermediate People's Court of Jiangsu Province, PlusToken MLM case was detected with 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74167 DASH, 487 million XRP, 6 billion DOGE, 79,581 BCH and 213,724 USDT, totaling about 4.2 billion DOLLARS.

    At the same time, the seized digital currency will be handled according to law, and the funds and proceeds will be confiscated and handed over to the state Treasury, according to the criminal order.

    https://www.theblockbeats.com/news/20933

    submitted by /u/xufanmeat
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    ⭐️ Takeaway | You might have missed this food delivery accepting cryptocurrency in Luxembourg | Bitcoinwide

    Posted: 27 Nov 2020 01:56 AM PST

    Very insightful talk with Michael Saylor why he bought and believes in Bitcoin

    Posted: 26 Nov 2020 05:47 PM PST

    Never Ever (selling back to tether)

    Posted: 27 Nov 2020 02:20 AM PST

    Coinbase Goes Down Again as Bitcoin Price Dips

    Posted: 26 Nov 2020 08:36 AM PST

    Cypherpunk Holdings is the now 9th largest Bitcoin holder

    Posted: 26 Nov 2020 11:34 PM PST

    Modern problems require modern economic theory solutions

    Posted: 26 Nov 2020 08:50 AM PST

    Some nice news about future development

    Posted: 27 Nov 2020 02:43 AM PST

    Just stumbled upon an article with quite positive info, IMO, and it seems that getting started in crypto development has a bright future. Does anyone feel that this is something relevant for Bitcoin future, it looks like Kickstarter to me, and I was always a fan of such ways of funding? I believe that genuine support is a commodity these days, and these sites offer a unique way to help anyone you support...

    Source: https://coincodex.com/article/10034/new-non-profit-organization-brink-will-provide-grants-and-fellowships-to-bitcoin-developers/

    submitted by /u/LimunFTW
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    The Biggest Mistake You Can Make With Bitcoin Right Now Is Not Buying It

    Posted: 26 Nov 2020 09:57 AM PST

    Happy post-Thanksgiving everyone. Here's my Bitcoin rap. I did my best! Sorry if it's not great

    Posted: 26 Nov 2020 10:09 PM PST

    For those of you worried about the dip, realize the percent increase in price since the halving is actually doing much better than the preceding one (when we hit $20,000). Just HODL!

    Posted: 26 Nov 2020 12:21 PM PST
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