Bitcoin Daily Discussion, December 06, 2020 |
- Daily Discussion, December 06, 2020
- 24% of all existing dollars were printed in the last 12 months.
- Honestly, F*ck Coinbase
- Bitcoin moon balloon
- A price of BTC since 2013 as a cube scale animation. Just a little prototype I coded a while ago.
- 4,051,000,000,000 Bs. (ATH in Bolivares in Venezuelan currency "VES") were traded in Venezuela using LocalBitcoin, that is 233 BTC (last week, lowest since 2018), down from 274. traded volume is a constant USD amount. One BTC is around 19,500,000,000 Bs. Monthly minimum wage is 1.20 USD.
- The 20k Stag Hunt
- All Major Central Banks in the World are Preparing To Launch CBDCs
- Finally moved my coins off Coinbase!
- Adam Back proposes adopting 'bits' and 'bitcents' because 'sats' too confusing for newcomers
- Millennials love bitcoin and now the baby boomers are joining in too
- Bitcoin is to banks what car was to horse
- Bitcoin history 2011-2020
- This family survived 40 countries living solely off bitcoin for four years
- How to not compulsively check BTC's price 20 times a day.
- Be Part Of The 1%! Forever!
- Dear Ledger Users... That message you got is not from Ledger...
- Microstrategy Buys Another $50M Worth of Bitcoin
- Wow talk about Mainstream - Bitcoin on the front cover of Barrons - post #C19 world
- Bitcoin is not an investment. It’s a savings account.
- welcome to r/Bitcoin, bitcoin’s tech support. how can we help you?
- Famous Investor Tim Draper – "Governments Have To Switch From Control To Service"
- I bet Rohan Grey thinks we should arrest the people who run the open internet too. Dude is a clown. Pay no attention to his hater mentality. Carry on and stack sats.
- Need help
| Daily Discussion, December 06, 2020 Posted: 05 Dec 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]  | ||
| 24% of all existing dollars were printed in the last 12 months. Posted: 05 Dec 2020 05:41 PM PST | ||
| Posted: 05 Dec 2020 11:49 PM PST For all the newbies out there rushing in right now: don't buy and store your coins on Coinbase. They sell your data to big tech, even your ID. Not your keys, not your coins, it's that simple. [link] [comments]  | ||
| Posted: 05 Dec 2020 10:03 AM PST
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| A price of BTC since 2013 as a cube scale animation. Just a little prototype I coded a while ago. Posted: 05 Dec 2020 01:29 PM PST | ||
| Posted: 06 Dec 2020 02:41 AM PST Venezuelan living here updating this week numbers! We are very far from the 500 BTC weekly we were trading months ago. Even lower than 300 BTC weekly. The reason (I think) is the value traded in LocalBitcoin is fixed to USD, so as the BTC price goes up the volume gets down. The trade volume is constant at around 4,500,000 USD weekly. When we were trading around 500 BTC, price was hovering around 10k. That is why. If BTC price goes up to 45,000 USD for example, around 100 BTC would be traded weekly. Remember, this is only measured by LocalBitcoin (For sure the biggest exchange here). I'm Venezuelan "living" here, crypto entusiast. A lot of redditors have helped me somehow! You can ask me anything! Sources: https://www.usefultulips.org/combined_VES_Page.html https://www.caracaschronicles.com/ [link] [comments]  | ||
| Posted: 05 Dec 2020 04:59 PM PST Alright you bastards listen up. Everyone is hesitating to buy at 20k because they are afraid they'll be buying into a peak and it will plummet right after. So it dips a bit and we buy a bit, and it creeps back up. In game theory we are trapped in something like a Stag Hunt game. It is not as famous as its older brother the Prisoner's Dilemma. In it, you have two hunters who can either trust each other and cooperate to hunt a stag, or be timid and go with the safe play and hunt a hare. If A hunts a hare and B hunts a stag, A gets a hare and B goes hungry. If they both hunt hare they both catch hare. But if they cooperate and both hunt for a stag, then they catch a stag and it's worth like 10x a hare. The key difference here is that the other players aren't incentivized to screw you over if you try to hunt the stag. They are incentivized to help you hunt the stag. So if your strategy is to DCA and the price is close to 20k, just stick to the plan and don't change it up. That's what I'm gonna do, even if it's at 20,052. Because breaking past the sell wall at 20k is the way to catch a meaty fucking stag. [link] [comments]  | ||
| All Major Central Banks in the World are Preparing To Launch CBDCs Posted: 05 Dec 2020 06:10 PM PST | ||
| Finally moved my coins off Coinbase! Posted: 05 Dec 2020 01:25 PM PST I finally moved all my coins to a hardware wallet. No longer worried about having my keys in someone else's hands, just worried about me not fucking up myself! One step at a time right? [link] [comments]  | ||
| Adam Back proposes adopting 'bits' and 'bitcents' because 'sats' too confusing for newcomers Posted: 05 Dec 2020 04:13 PM PST
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| Millennials love bitcoin and now the baby boomers are joining in too Posted: 05 Dec 2020 05:45 PM PST
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| Bitcoin is to banks what car was to horse Posted: 06 Dec 2020 12:51 AM PST When automobiles came about they were a real threat to horse and cart, so much so they made new laws to limit the speed, specify you needed 4 people in the car at all times etc - I know it's not the best comparison but it feels like we're seeing the similar strategy play out. Can anyone think of some better historical comparisons of bitcoin and how it threatens the status quo? [link] [comments]  | ||
| Posted: 06 Dec 2020 02:43 AM PST
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| This family survived 40 countries living solely off bitcoin for four years Posted: 05 Dec 2020 09:12 PM PST
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| How to not compulsively check BTC's price 20 times a day. Posted: 05 Dec 2020 12:19 PM PST It is the first thing I do when I wake up and the last thing I do before bed. I've been here since 2017, diamond hands. I need to chill and and forget about it like I did previously. It's just so hard when it gets exciting. Who can relate? [link] [comments]  | ||
| Posted: 05 Dec 2020 06:14 PM PST It is good to know that it isn't very difficult to become part of the 1%. By that I mean the top 1% of bitcoin holders. All it takes is owning 0.25 BTC and that's it! FOREVER! Yes... for ever! You will forever, without any doubt, unquestionably be in the top 1% of bitcoin owners. Whether it moons to $300k or drops to $30. At the very least... you will be in the top 1%! Simple math involved to follow. Also, this does not take into account that only 18.5 million coins are in circulation today or the fact that Satoshi holds a million of those. Or the fact that probably over a million coins are lost forever. All this takes into account is 21 million coins ever and a current world population of 7.7 billion people. Of course that number should go up so unless the population drops vastly, hodling 0.25 BTC means you are in the 1%. Welcome to the club kid! 21,000,000 coins divided by 0.25 = 84,000,000 in other words, there are 84 million 0.25 segments of the 21 million. 84,000,000 divided by the population of 7,700,000,000 = 0.01090909... Boom! All you have to do is be one of the 84,000,000 segments with 0.25 BTC and you will forever be in the Top 1% of bitcoin owners. Yup, forever! FOR-EV-ER! [link] [comments]  | ||
| Dear Ledger Users... That message you got is not from Ledger... Posted: 05 Dec 2020 10:31 PM PST | ||
| Microstrategy Buys Another $50M Worth of Bitcoin Posted: 05 Dec 2020 08:11 AM PST
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| Wow talk about Mainstream - Bitcoin on the front cover of Barrons - post #C19 world Posted: 05 Dec 2020 06:25 PM PST | ||
| Bitcoin is not an investment. It’s a savings account. Posted: 05 Dec 2020 09:05 AM PST I see a lot of info on here that try's to explain what makes btc so valuable. Here's my take. Btc is valuable because I don't have to keep my money in a dropping dollar, I don't have to worry about the govt touching it or being involved at all, I can send sums of money without my item of purchase being recorded. I understand the tech behind it is what makes this all possible but I don't see enough info in circulation about the big picture of what btc is [link] [comments]  | ||
| welcome to r/Bitcoin, bitcoin’s tech support. how can we help you? Posted: 05 Dec 2020 02:15 PM PST .. said no one ever. that being said, we all want to be helpful. bitcoin is about learning and helping others learn. that's hard to do when the feed is flooded with the same five questions all day by people who didn't give enough of a damn about other redditors to do a little research. here's how you can help: before you post, pleeeeease spend 5 mins searching to see if your question or a similar one has already been answered. if you want to have a discussion, raise tangible points that can be discussed. stop asking people to educate you or tell where to learn. find resources, bring them back and ask specific questions. this helps have better discussions. at the end of the day, this community values self sufficiency, doing your own research, verifying as opposed to trusting, and curiosity. you'll have a much better time here if you emulate those values. [link] [comments]  | ||
| Famous Investor Tim Draper – "Governments Have To Switch From Control To Service" Posted: 05 Dec 2020 08:31 AM PST
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| Posted: 05 Dec 2020 04:45 PM PST | ||
| Posted: 06 Dec 2020 02:38 AM PST Any one have idea what the 2013 lealana bicoins are worth i have 2 one is .25 bitcoin hologram intact and funded with .25 bitcoin and forks and I have .10 bitcoin funded face false and graded ms68 and hologram is in tact and I also have a titan 1 oz silver coin .10 bitcoin loaded face value graded ms68 [link] [comments]  |
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