Bitcoin Mining pool operators! Independent miners! I recently launched taprootactivation.com to learn more on what your thoughts are about the Taproot upgrade. |
- Mining pool operators! Independent miners! I recently launched taprootactivation.com to learn more on what your thoughts are about the Taproot upgrade.
- The Bitcoin Standard
- On this day 1 day ago Bitcoin broke $18,000 for the first time since 2017!
- You can never create more Bitcoin in a lab: Scientists create diamonds at room temperature in minutes
- You're not too late. You're right on time.
- Daily Discussion, November 20, 2020
- I don't like being my own bank.
- Everyone is comparing this run to the run in 2017. I think it more closely resembles 2016.
- Bitcoin will be the biggest transfer of wealth in human history.
- Logic Puts $6 Million into Bitcoin
- Who else bought in December 2017 at 17k and held on until now, like I did?
- Rapper ‘Logic’ Buys $6 Million of Bitcoin
- PayPal Confirms Institutional Interest in Bitcoin by Introducing Crypto Services
- On this day 3571 days ago one Bitcoin was worth $1
- Bitcoin Profit Potential makes it Worth the Risk despite High Volatility
- Michael J. Saylor: J is for Genius.
- Waiting for Bitcoin to go below $3,000 /s
- Bitcoin Conviction: A story about liquidity.
- How come that almost no one understands that inflation is eating up their money
- SEC Chair Jay Clayton Calls Bitcoin “Store of Value”
- I built my own hardware wallet
- Bitcoin is king
- The government wants to see your crypto transactions. FINCEN and the Federal Reserve just proposed a new rule that would allow for more warrantless surveillance and that could make it more expensive and difficult to use crypto. They are taking comments now until the 27th, so make your voice heard.
- Being the "Crazy" Bitcoin friend is starting to pay off
- Found my old MultiBit (v0.5.16) and it turns out I have 0.0105BTC left in it, or around $190US. How do I get that to another wallet?
- Top no-coiner excuses and how to overcome them!
| Posted: 18 Nov 2020 06:04 AM PST More information on Taproot & of the different activation proposal can be found on the site. Please reach out to me if you would like to get added to the list! Thanks [link] [comments]  | ||
| Posted: 19 Nov 2020 08:33 PM PST
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| On this day 1 day ago Bitcoin broke $18,000 for the first time since 2017! Posted: 19 Nov 2020 05:51 AM PST | ||
| Posted: 19 Nov 2020 06:00 PM PST
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| You're not too late. You're right on time. Posted: 19 Nov 2020 09:56 PM PST I know some of you need to hear it. Don't look at past prices and wish you bought back when one BTC was $50, $5k, even $17k. We've all had that thought go through our head. Thinking about what you'd be doing right now if you stacked a bunch of coins back then. Guess what? You probably would have sold at 2X or 3X. The fact that you're reading this right now means you're an early adopter. Don't worry about getting a full BTC, it's not about the denomination, it's about the % growth. Buy what you can and hodl, it's not too late. [link] [comments]  | ||
| Daily Discussion, November 20, 2020 Posted: 19 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]  | ||
| I don't like being my own bank. Posted: 20 Nov 2020 02:09 AM PST I expect this to be controversial, and I expect to get downvoted, but that's okay. This is a throwaway because I don't want to talk about my BTC holdings on a traceable account. I hold a few BTC. Less than 50, more than 10. I bought most of them in 2014. I've spent a few here and there, but have been DCAing pretty much constantly over the last few years, although because the price has gone up so much, I've probably added less than 1 BTC to my total in the last 3 years. All my coins are on a hardware wallet. I used to use paper, but got paranoid about losing it. I like hardware wallets, they're the best of a bad situation. And by "bad situation" I mean that I don't want to be my own bank. About 80% of my total net worth is tied up in BTC, and I can tell you, it's quite stressful to be responsible for that much value in one place. My remaining net worth is mostly tied up in my house, and in various stocks and shares, and I'm much more relaxed about that. Owning BTC is constantly in the back of my mind, and I don't mean the worry of the value going down. I'm sure the value will continue to rise, and even if it doesn't, I'm totally at peace with that. The thing which is always in the back of my mind is knowing that, if somehow I lose my balance, I'll have no comeback. I want it to be in a bank where I get cover. I don't stress about losing my stocks and shares because the brokers I use are covered, and because, well, it's their *job* to look after my money. I'm just a regular Joe, I don't want to be my own bank. Oh, and I know the stats about how secure hardware wallets are etc. so I'm not looking for reassurance about that, it's simply that looking after it is stressful, regardless of how secure it is. Not to mention the additional worry about what happens if I die. If it was in a bank my next of kin would just take over ownership. As it is, I have to do something to make sure that if I die unexpectedly my next of kin are able to access my crypos. I like that I can my own bank (for smaller, say < $10k value amounts), but if BoA came out with an account tomorrow which I could transfer my BTC to, I would. And you know what, I'd sleep better too. (I know this is a bit of a /r/AmItheAsshole post! - I understand this is a good problem to have). [link] [comments]  | ||
| Everyone is comparing this run to the run in 2017. I think it more closely resembles 2016. Posted: 19 Nov 2020 02:03 PM PST It's an easy trap to fall into because the price comparison is similar. However, 2020 and 2016 were halvening years. Both had slow price buildups and headed into the end of the year approaching previous ATHs. The media and general public largely ignored Bitcoin. I think 2017 should be compared to 2021 rather than 2020. Past performance is not indicative of future performance, but Bitcoin is following a very similar path to the last halvening cycle. [link] [comments]  | ||
| Bitcoin will be the biggest transfer of wealth in human history. Posted: 19 Nov 2020 05:47 PM PST | ||
| Logic Puts $6 Million into Bitcoin Posted: 19 Nov 2020 10:14 PM PST
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| Who else bought in December 2017 at 17k and held on until now, like I did? Posted: 19 Nov 2020 07:34 AM PST Long term bag holder here just glad to profit $100 on my $1500 investment three years in the making 😃 [link] [comments]  | ||
| Rapper ‘Logic’ Buys $6 Million of Bitcoin Posted: 20 Nov 2020 02:41 AM PST
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| PayPal Confirms Institutional Interest in Bitcoin by Introducing Crypto Services Posted: 19 Nov 2020 10:56 AM PST | ||
| On this day 3571 days ago one Bitcoin was worth $1 Posted: 19 Nov 2020 12:47 PM PST $1 for the first time.... parity with the dollar ... Just for a longer term perspective! Here's to the next 18000x [link] [comments]  | ||
| Bitcoin Profit Potential makes it Worth the Risk despite High Volatility Posted: 20 Nov 2020 02:22 AM PST
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| Michael J. Saylor: J is for Genius. Posted: 19 Nov 2020 02:45 PM PST
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| Waiting for Bitcoin to go below $3,000 /s Posted: 19 Nov 2020 01:05 PM PST Seriously guys, those days are looooong gone. We'll be lucky for it to go even $15k right now! Stop looking at the price and start stacking. Stack as much as you can afford to lose and HODL! If you believe bitcoin will be worth a million who cares whether you bought at $3k or $18k?! Believe, stack, hodl, don't panic sell. May the hodl be with you. Sorry for the rant, I keep seeing "I'm just waiting for the price to be...x" you'll keep waiting and you'll end up a no-coiner. [link] [comments]  | ||
| Bitcoin Conviction: A story about liquidity. Posted: 20 Nov 2020 01:39 AM PST 2 months ago I had the opportunity to purchase shares in our startup for $1 with the share price being over $3 (that has a very real 10 x potential over next 3 years). Good deal right? Maybe, maybe not. I turned down the offer to use bonus for Bitcoin instead. Here is why. Investing or owning shares in a private company comes with many golden handcuffs.
On paper, some of my startup investments have very good returns, but I can't liquidate, so to me right now they're worth zero. What's better? Your Bitcoin investment that has halved during a period of volatility, or your startup investment that has 5 X? Depends, if you need emergency capital, Bitcoin. As a technology investor, Bitcoin is the absolute utopia. We are still in the VERY early days of the adoption curve (simple math of % of world population X % of global wealth), so there is extreme upside potential with absolute liquidity. I have never seen a scenario like it. None of us will again in our lifetime. Count yourselves lucky you worked out the secret <$1T market cap. For the record, I don't see Bitcoin in the same light as my other tech investments. This is a vote to a better future. I will HODL. I will only liquidate Bitcoin in the event of an emergency situation. HODL for life. Madge xx [link] [comments]  | ||
| How come that almost no one understands that inflation is eating up their money Posted: 19 Nov 2020 02:42 PM PST Would like to hear some thoughts on this. I guess that for European people it has to do with the relatively short life of Euro, approximately 20 years, but in the US the impact of inflation is something that can be easily seen, just by comparing the buying power of USD in 1920 and today. Nevertheless, people are afraid of the "volatile" btc but prefer to sit on a paper which devalues over time time heavily. [link] [comments]  | ||
| SEC Chair Jay Clayton Calls Bitcoin “Store of Value” Posted: 19 Nov 2020 06:27 AM PST SEC chair Jay Clayton has once again confirmed that Bitcoin is not a security https://u.today/sec-chair-jay-clayton-calls-bitcoin-store-of-value [link] [comments]  | ||
| I built my own hardware wallet Posted: 19 Nov 2020 09:52 AM PST
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| Posted: 19 Nov 2020 11:19 PM PST
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| Posted: 19 Nov 2020 02:00 PM PST
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| Being the "Crazy" Bitcoin friend is starting to pay off Posted: 19 Nov 2020 04:27 PM PST As I have come to find there are all sorts of groups of people throughout the world and almost all of them have that one "Crazy" friend who tries to get you to buy Bitcoin. Yes, I am that person and you may be as well. People like you and I are needed in this ever-changing world.
To all my crazy friends out there.... keep Hodling and keep being crazy. The best way to spread the word about Bitcoin is to talk about it, never stop talking. [link] [comments]  | ||
| Posted: 20 Nov 2020 12:10 AM PST So back in 2014 I received and spent some BitCoin. I used it like I would any other currency, I bought shit online with it. Then I had some 'change' left over in my wallet, kind of like the change in the cupholder in your car. Not enough to really do anything with it, so you don't consider it as 'money' when you think about how much you have. Anyhow, I recovered my old MultiBit wallet from a backup drive I had and sure enough, my minuscule change has increased in value. How do I move this bitcoin from my MultiBit wallet to something else? I'm downloading Electrum right now on my desktop, since I'm on Linux and that seems recommended. Do I need to "send" the BTC from my old ass java based MultiBit wallet to my new address once I have it? Can I open the .wallet file in Electrum to avoid the hassle, delay, and fee? I'm really really new to all of this and only used BTC about a half dozen times in 2013/14. [link] [comments]  | ||
| Top no-coiner excuses and how to overcome them! Posted: 19 Nov 2020 05:35 PM PST I first heard about BTC in 2013. Didn't start buying myself until 2016 so I guess I could be classified as one of these people between 2013 – 2016 so I try not to be too judgey or preachy when talking to people these days. Here are the most popular objections I hear these days. I generally answer them individually however if I really want someone to get involved, I have a 100% sure fire way of getting them on-board which I'll add at the very bottom of this post. Q: I don't understand it? A: Do you understand "Hyper Text Transfer Protocol". NO! But it doesn't stop you from using the internet everyday. http://wwwbitcoin.com Don't let your lack of knowledge scare you from learning more. Q: Isn't it only used for criminal activity A: Less than 1% of BTC circulating supply is used for nefarious proposes. It's technically an inferior method of using it as every transaction is registered on a permanent digital "immutable" record which can be checked and sometimes traced unlike cash. Q: If I can't touch it and it's not tangible, how it is valuable? A: This is one of my favourites.…"What is the most valuable thing to you as a human being? You get many answer here ranging from "my children", to "my morning coffee" however the most valuable thing to every human being is "air". You cannot see it. You cannot touch it but without it you would most certainly die. Just because you cannot see or touch it doesn't mean it doesn't hold immense value. Q: I've missed the boat? A: To be honest, I fell for this one myself in 2016. I even have a few scam and alt coins skeletons in my closet to prove it. I was always on-board with BTC but didn't "get it' until I read "The Bitcoin standard" which helped me understand that what BTC started out as will most likely not be what it eventually becomes and it's still got so far to go. It's certainly not too late to jump on board. Q:Another altcoin will create a better product and overtake BTC. A: This could be debated for millennia however my view (not everyone's) is that BTC was the first and therefore affords the luxury of the most powerful network effect (Look up https://en.wikipedia.org/wiki/Metcalfe's_law). Being open course, it can be updated and upgraded with any new technology that may be the "next big thing". It's also the only truly decentralised market unlike all other coins/tokens where the founders still hold large portions of coin/tokens and are able to manipulate the future markets. Q: It's too hard to buy/store. A: If it was easy, everyone would already be on board and you would have most certainly missed the boat. That's the thing with new technology, it's doesn't start out as a perfectly executed product. It needs to grow and evolve. The real gains are made where there is a need for real work. Most aren't prepared to put in the work. Q:I don't know where to buy it? A: True story, I just had a good friend tell me yesterday that he went to buy BTC but couldn't see it in his share trading platform so he purchased some pharmaceutical shares instead as they were going up in value? Facepalm… But this is on me to explain and ensure he doesn't get scammed like so many other new investors. So as good as all these explanations are, the best way I've found to get people involved is to do one simple thing. Buy them some Bitcoin! Buy it and store if for them and send them screen shots of the value each day. Nothing motivates a person more than seeing something they own go up in value and now is a perfect time to do just that. Sure they won't understand the fundamentals right away but neither do most people who start their journey down the BTC rabbit hole.. You have to start somewhere.. Please add more of your favourite objections and rebuttals below. TL/DR; Just buy them some BTC and let them watch it grow in the current market but also make sure they are in for the long term and not just supersick quick gains. [link] [comments]  |
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