Bitcoin Mentor Monday, November 23, 2020: Ask all your bitcoin questions! |
- Mentor Monday, November 23, 2020: Ask all your bitcoin questions!
- Bitcoin was crazy when the world was normal and now that the world is crazy, Bitcoin seems normal.
- Stackin Sats!
- Bitcoin Supply Shock Acceleration
- Telling the world about Bitcoin in 2020.
- You know you’ve got it bad when you have a thought about needing to check bitcoin while you are checking bitcoin.
- It feels different this time
- I'm savin' it!
- My contribution to legitimizing "the s-thing"
- Daily Discussion, November 23, 2020
- Pure Silver Bitcoins��
- Can I get a discount on bitcoin if I buy it used?
- JP Morgan "Bullish" on Bitcoin
- PayPal is buying up all the cryptos
- Bitcoin shortage is real. PayPal is already buying almost 70% of the new supply of bitcoins
- Every dip of late is getting bought up aggressively ! How different is this bull cycle going to be ?
- 1 million dollars‼️
- Unboxing The Blockclock Mini - Bitcoin Hardware - Made by Coinkite - November 23th 2020
- We've been trained to believe that currency MUST devalue for a nation to function
- Ledger nano is having blackfriday sale! more people need hardware wallet now than ever.
- Second Highest Weekly Close in BTC's History!
- Before selling consider that in the future selling at 18k might be the same as selling at 30 cents.
- PayPal and Square and “strong hands”
- Can we please do this one instead?
- I bought on cashapp; wondering best way to move onto hardware.
| Mentor Monday, November 23, 2020: Ask all your bitcoin questions! Posted: 23 Nov 2020 03:01 AM PST Ask (and answer!) away! Here are the general rules:
And don't forget to check out /r/BitcoinBeginners You can sort by new to see the latest questions that may not be answered yet. [link] [comments]  | ||
| Bitcoin was crazy when the world was normal and now that the world is crazy, Bitcoin seems normal. Posted: 22 Nov 2020 03:35 PM PST | ||
| Posted: 22 Nov 2020 11:20 AM PST
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| Bitcoin Supply Shock Acceleration Posted: 23 Nov 2020 02:11 AM PST The thing about Grayscale is that Bitcoins go in and they never come out. Grayscale does not and explicitly says they will not ever have a redemption program. Meaning you can sell your GBTC shares, but you can never convert it to the amount of Bitcoin behind it. Essentially those 500K+ Bitcoin are locked away forever unless Grayscale allows redemptions but they are very adamant they will not due to legal and operational friction. The estimated trading float of Bitcoin 6+ months ago was 2-3M coins. Meaning only 2-3M Bitcoin are actively traded (moved within the past 2 months) the rest are being held. ~12M have been held for over a year, and around 3-4M are considered lost forever. The supply shock is accelerating, the day trader idiots, weak hand noobs, and nocoiners are going to be rapidly priced out if things continue the way they have been over the past 3 months. Grayscale is buying 5,000+ per day, Paypal is buying 700+ per day, Microstrategy bought 475M worth, Square bought 50M worth, other institutions are actively looking at Bitcoin or entering. These are investors with long term time horizons, they are not day traders in it for a quick buck. The available supply of Bitcoin is rapidly diminishing. Do not get overwhelmed by the moves we are seeing now and try to time short term tops or bottoms. Hold on to your Bitcoin as tightly as you can. It is the first finite resource in our known universe and people are realizing it. A price projection of 500K per Bitcoin is modest. At that price it has a market cap equal to gold. Bitcoin is better than gold for value storage, Bitcoin is better than off-shore bank accounts for value storage. Off-shore bank accounts hold an estimated 25T. Bitcoin at a price point of 1M per coin is less than that. This is a once in a lifetime opportunity, don't screw yourself out of it. [link] [comments]  | ||
| Telling the world about Bitcoin in 2020. Posted: 22 Nov 2020 10:13 PM PST
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| Posted: 22 Nov 2020 09:22 PM PST | ||
| Posted: 22 Nov 2020 01:40 PM PST I have been following the price of btc for about 6 years now. What's happening now feels v. Different like different forces are at play. Often, even in the last 12 months a spike would see a regular trace back where it would just trade sudewards or evebmn further down for a few weeks.. It was rhythmic in nature and felt deliberate, almost predictable, like some forces were artificially playing with it, making margin gains on the ups and downs . Whales etc who knows. This feels different this time, the whole rhythm feels different. When we drop now, it seems to be shrugged off within days, almost like an annoyance or anomaly, to a determined upward trajectory. I may not be explaining it very well, but after 6 years of following the price religiously, it feels like the heartbeat I different. I have heard nany theories why it is different thus time. I can only say that in my gut, something seems to have shifted Jeez, now I read this back it seems barely worth posting... [link] [comments]  | ||
| Posted: 23 Nov 2020 12:05 AM PST
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| My contribution to legitimizing "the s-thing" Posted: 22 Nov 2020 05:05 PM PST | ||
| Daily Discussion, November 23, 2020 Posted: 22 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: 23 Nov 2020 01:42 AM PST
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| Can I get a discount on bitcoin if I buy it used? Posted: 22 Nov 2020 05:45 PM PST | ||
| JP Morgan "Bullish" on Bitcoin Posted: 23 Nov 2020 02:28 AM PST
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| PayPal is buying up all the cryptos Posted: 22 Nov 2020 11:25 AM PST
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| Bitcoin shortage is real. PayPal is already buying almost 70% of the new supply of bitcoins Posted: 22 Nov 2020 10:39 AM PST
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| Every dip of late is getting bought up aggressively ! How different is this bull cycle going to be ? Posted: 22 Nov 2020 10:19 AM PST We have been seeing a crazy run since October, uninterrupted and with very few and short term bullish consolidations.For the past 3 weeks it seems there is a pattern of run ups during the week and pauses during weekends with weak and short lived pullbacks that are aggressively getting bought up. This is not a common pattern I have observed in the past, on the contrary we use to have weekend breakouts and run ups that were often rendered useless because of these dumb futures gaps. My guess is that this time the game is being played differently. Google trends are still showing little to no interest from retail, most bitcoiners have been expecting a correction that is yet to come, while institutions keep scooping up BTC at 18000+usd at a rate that does not seem to slow down and are buying every dip and we see sellers fade quickly on the way back up. After dipping only 7% this weekend, BTC is already back to 18500 with a V-shape recovery start (yet to be confirmed). This looks insane! I believe the upcoming bull market is going to change the world this time. For the better. Not too sure what I'll do at the 2021-2022 top... take profit in a dying USD or EUR ? buy properties that the governments will heavily tax ? Buy farmlands ? stack some more useless and inflationary gold or silver ? Or just keep holding the only unconfiscatable asset ever created and start buying stuff in sats in 2025. Looking forward to seeing what next week is going to give us anyways! [link] [comments]  | ||
| Posted: 22 Nov 2020 06:04 PM PST
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| Unboxing The Blockclock Mini - Bitcoin Hardware - Made by Coinkite - November 23th 2020 Posted: 22 Nov 2020 06:37 PM PST
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| We've been trained to believe that currency MUST devalue for a nation to function Posted: 22 Nov 2020 01:32 PM PST What a load of horse-shit! Savers should be rewarded for not spending frivolously and putting the nation into debt! We live in a fucking BIZARRO-WORLD where everything is backwards. Bitcoin is a semblance of sanity in a world of insane people. The price of Bitcoin has the potential to increase day after day with no need to ever lose value or "correct". [link] [comments]  | ||
| Ledger nano is having blackfriday sale! more people need hardware wallet now than ever. Posted: 23 Nov 2020 02:17 AM PST | ||
| Second Highest Weekly Close in BTC's History! Posted: 22 Nov 2020 04:03 PM PST
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| Before selling consider that in the future selling at 18k might be the same as selling at 30 cents. Posted: 22 Nov 2020 11:49 PM PST | ||
| PayPal and Square and “strong hands” Posted: 22 Nov 2020 06:31 PM PST Seems that PayPal and Square are buying up large portions of the newly issued bitcoins. Fine. I don't see this as them being strong hands in the game (except for the bitcoins they use as their treasury reserves.) I may be wrong but these companies are mostly just buying bitcoin to move them to the next person, who may or may not be the hodl type. More people in the game is good, but I'd be curious to know how many of these bitcoins find their way to cold storage. I wonder if the earnings reports of PayPal and Square would give some hint of the success of selling bitcoin. The Greyscale bitcoin trust, otoh, that seems to me to be strong hands. [link] [comments]  | ||
| Can we please do this one instead? Posted: 22 Nov 2020 05:30 PM PST
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| I bought on cashapp; wondering best way to move onto hardware. Posted: 23 Nov 2020 02:00 AM PST |
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