Bitcoin Daily Discussion, December 13, 2020 |
- Daily Discussion, December 13, 2020
- The r/Bitcoin community is one of the healthiest I’ve found in Reddit. Thank you guys for supporting greenhorns, sharing news, protecting against scams, and for believing in the Bitcoin dream
- MicroStrategy will have 75,000+ BTC by the end of 2020
- At least some of 83 tons of #gold bars used as collateral turned out to be nothing but gilded copper. That's over $2 Billion in value. Another reason for #Bitcoin
- Is it worth buying a tiny amount of bitcoin?
- Jim Cramer buys Bitcoin. (I'm not a fan of his, but this will matter to a lot of people)
- I wish someone explained it to me like this years ago...
- I started a crypto comedy series. Crypto Caps -Episode 1
- Pornhub accepts Crypto
- Some higher level questions about BTC
- Billionaire Ray Dalio changes his stand on Bitcoin, compares it to gold
- Antoni Trenchev Explains The State of Bitcoin Price Action on Bloomberg - Dec 11 2020
- Ontario-based Tahini’s Restaurants explains why Bitcoin is the best way to preserve wealth.
- The US Dollar to be Dethroned by Bitcoin - Morgan Stanley Investment chief Says
- Bitcoin is the only asset where you can go irresponsibly long – and then everyone tells you it’s not enough. And they’re probably right. –Shaan Puri, Director of Twitch
- $3.3 Trillion Fidelity Investments CEO, Abigail Johnson on Bitcoin & The Lightning Network - Dec 7th
- Anyone else love seeing btc prices rise but at the same time, hate it?
- % of Liquid Assets Vs Invested BTC
- Bitcoin vs banks
- How to get invoice payments to crypto
- Tyler Winklevoss believes the smartest people are buying Bitcoin quietly.
- NEWBIE here, please be easy on me.
- Active poll going on over at Twitter for a fresh Bitcoin Core logo - cast your votes!
- Peter Schiff... dont worry, we will always accept you in the club when your ready:)
| Daily Discussion, December 13, 2020 Posted: 12 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]  | ||
| Posted: 13 Dec 2020 12:01 AM PST Just wanted to post a quick appreciation thread among all the usual questions and news stuff. I recently made another thread celebrating my arrival at 1 BTC and ya'll really blew me away with the positivity and support. Just a side note, be careful of the folks who PM when you post here. I had six different scammers contact me today offering Bitcoin investing opportunities. A real opportunity doesn't need to market over PMs [link] [comments]  | ||
| MicroStrategy will have 75,000+ BTC by the end of 2020 Posted: 12 Dec 2020 01:48 PM PST
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| Posted: 12 Dec 2020 09:43 AM PST | ||
| Is it worth buying a tiny amount of bitcoin? Posted: 12 Dec 2020 06:37 PM PST I'm looking to purchase a small amount of Bitcoin. But I'm pretty damned poor at the moment, having had my hours cut thanks to Covid. So, I ask, is it worth actually purchasing around $30 worth? In the sense of, will the value go up much if I left it for 10 years? Just to say, I understand the idea of buying each month, as I've looked into that, but it simply isn't feasible for me. Also, please don't judge me. Not everybody has money. Manners, however, are free. Thanks! I appreciate the advice! 😊 EDIT. I know this post is about crypto advice, but if you're spending your time typing out quick, passive-aggressive comments and replies, honestly think about what you're doing. It's easy to just do it. Maybe you get a little kick, or a high, hoping to come back and see if people agree with your attitude. But you're speaking to another human being, not a faceless account on reddit. They're all different, to you, and to me, but lead lives that are just as complex. And those complexities vary on an impossibly large scale. Bitterness only causes more bitterness. Finally, what you consider pocket change, others may consider a lot of money. [link] [comments]  | ||
| Jim Cramer buys Bitcoin. (I'm not a fan of his, but this will matter to a lot of people) Posted: 12 Dec 2020 07:57 PM PST
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| I wish someone explained it to me like this years ago... Posted: 12 Dec 2020 05:50 PM PST "Investing" in bitcoin isn't the correct way to think about it, in my humble opinion. What you would actually be doing is "saving". Instead of saving your value/monetary purchasing power in inflationary dollars (or whatever other fiat relevant to your locality), you have the option to save your value with disinflationary btc. It's simply a better monetary vehicle to hold and/or increase your purchasing power in for long term savings. Just dollar cost average with small amounts of cash that you do not need to spend and want to save. Slowly watch your stack of btc grow in both units and in value over time. If it helps understanding, I do not consider owning gold investing either… Gold is simply a harder monetary instrument over dollars. And further, btc is a harder monetary instrument over gold. The term "investing" makes sense in the context of putting money into a business, stocks, or some mechanism for cash flow, etc... not in savings via various monetary instruments. The main psychological hurdle to overcome is fully switching your personal unit of account to bitcoin as the monetary unit that is the goal post to increase the number of. Not USD or whatever other inflationary fiat. Everything in the normal economy is denominated in fiat, especially taxes. That's fine. Earn your fiat as income and spend your fiat for all your expenses. Pay your taxes in fiat. Every time you sell bitcoin, you are activating a capital gains tax event, which is not ideal and only hurting yourself in the long term. Don't give the government more money than you have to. In other words, earn as much money as you can, live below your means, make responsible investments to increase your cashflow, pay whatever taxes you are legally responsible for… And then, for all the extra money you earned that is pure savings, it's better to store it in bitcoin for long term savings. Then one day far in the future you may have to sell/spend some small portion of your bitcoin, just as anyone decides to spend from their savings...and that's ok, because in the future the value of your savings will have appreciated greatly. And for all the bitcoin you have been holding for over a year, the gains have lower taxes because of long term capital gains vs short term. [link] [comments]  | ||
| I started a crypto comedy series. Crypto Caps -Episode 1 Posted: 12 Dec 2020 09:02 PM PST
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| Posted: 12 Dec 2020 11:47 PM PST Pornhub have already started accepting crypto, I think more porn sites will follow same path soon and will this be a big boost for crypto market? if so there is no putting breaks on them. This all happened due to a rift between CC companies( master and visa) and pornhub [link] [comments]  | ||
| Some higher level questions about BTC Posted: 13 Dec 2020 01:30 AM PST When communicating with the protocol, is the private key contained in the data packet? How can the private key be encrypted in the data packet and still be able to be recognized by the chain? Is the most secure way of communicating with the protocol through one's own personal node because of a reduction of relays of the data packet? Since over 51% of miners are in an authoritarian country, what would happen if that gov forced all its miners to 51% attack the chain? With 51% could you change the supply? Thats it for now. Will have more [link] [comments]  | ||
| Billionaire Ray Dalio changes his stand on Bitcoin, compares it to gold Posted: 12 Dec 2020 09:51 AM PST
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| Antoni Trenchev Explains The State of Bitcoin Price Action on Bloomberg - Dec 11 2020 Posted: 13 Dec 2020 01:27 AM PST
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| Ontario-based Tahini’s Restaurants explains why Bitcoin is the best way to preserve wealth. Posted: 13 Dec 2020 12:09 AM PST Ontario-based Tahini's Restaurants known for serving shawarma, hummus, and other Middle Eastern cuisines recently tweeted: "Unlike gold, Bitcoin is 100% monetary premium which means it is not used for electronics or any other use cases other than pure money" It also added… "Bitcoin dematerializes value and makes it digital which made it easier to move value across the world without the need for any third parties. We can move $100 million from Canada to the uk to Australia and back to Canada in 2 hours for 30 bucks MAX." [link] [comments]  | ||
| The US Dollar to be Dethroned by Bitcoin - Morgan Stanley Investment chief Says Posted: 12 Dec 2020 06:13 AM PST
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| Posted: 12 Dec 2020 09:35 AM PST Twitch director Shaan Puri just announced he has put 25% of his net worth into bitcoin. He believes that bitcoin presents a rare opportunity to front run a wave of institutional capital." I wish I had a few millions to put into Bitcoin as well. Or more realistically- I wish I had invested $10 into Bitcoin 10 years ago. [link] [comments]  | ||
| $3.3 Trillion Fidelity Investments CEO, Abigail Johnson on Bitcoin & The Lightning Network - Dec 7th Posted: 12 Dec 2020 12:46 PM PST
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| Anyone else love seeing btc prices rise but at the same time, hate it? Posted: 12 Dec 2020 08:10 PM PST Picked up more coins when it dipped into the 17k mark yesterday now it's back to close to 19k...I love seeing the prices go up but at the same time I hate it because I don't want to buy more at the higher price. I'm a long term hodler so I guess none of this matters in the grand scheme of things but still...these mixed emotions are killing me. [link] [comments]  | ||
| % of Liquid Assets Vs Invested BTC Posted: 12 Dec 2020 11:55 PM PST I see many posts of people either saying they bought X amount or if they should buy X amount. I'm really curious though of what the consensus thinks is the reasonable amount one should consider investing, based on the amount of liquid assets they have available. For instance if you have 100k saved, would most agree 10% (10k) of BTC ownership would be reasonable? Maybe more, or maybe less? Just curious where everyone's level of commitment to BTC is before seriously jumping in myself... [link] [comments]  | ||
| Posted: 13 Dec 2020 01:53 AM PST A question for Bitcoin experts. Let's assume (a utopia just for now) that tomorrow all ordinary people wake up and start buying only bitcoin. What will the banks' counter-move be? Government decrees to make bitcoin "illegal"? Declaration of possession of bitcoin? or will they simply try to buy as many btc as possible? or all these things plus many others? [link] [comments]  | ||
| How to get invoice payments to crypto Posted: 13 Dec 2020 01:31 AM PST I am a freelancer in Asia. I work for clients in Aus/NZ in tech. I bill a four figure AUD$ each month. I use PayPal for invoicing as it is hassle free - client pays in AUD, paypal transfers to my local currency and then deposits in my bank. For this, Paypal takes a whopping 9% in fees and forex charges. Is there a way (payment gateway), through which I can invoice my clients, take payments in AUD or NZD and store it as bitcoin. I am happy to shell out 2-3% in fees. Thanks for any valuable inputs, options, alternatives or workarounds. [link] [comments]  | ||
| Tyler Winklevoss believes the smartest people are buying Bitcoin quietly. Posted: 12 Dec 2020 06:35 AM PST In a CNBC interview which was published on Friday, Tyler Winklevoss, Gemini crypto exchange co-founder expressed that he believes that "the most sophisticated investors, the smartest people in the room, buying the Bitcoin quietly, so it's not a FOMO [fear of missing out] thing". He added: "Also, you have publicly-traded companies like Square and MicroStrategy putting their treasury cash into Bitcoin because they're worried about the oncoming inflation and the scourge of inflation with all the money printing and the stimulus from the COVID pandemic lockdowns." Source: Todayq News [link] [comments]  | ||
| NEWBIE here, please be easy on me. Posted: 12 Dec 2020 02:41 PM PST Do cryptocurrency markets run 24/7? I've been watching coins for a while and it seems that they sky rocket on the weekends? What is going on? [link] [comments]  | ||
| Active poll going on over at Twitter for a fresh Bitcoin Core logo - cast your votes! Posted: 13 Dec 2020 12:41 AM PST
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| Peter Schiff... dont worry, we will always accept you in the club when your ready:) Posted: 12 Dec 2020 04:54 PM PST |
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