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    Bitcoin Daily Discussion, December 25, 2020

    December 25, 2020

    Bitcoin Daily Discussion, December 25, 2020

    Daily Discussion, December 25, 2020

    Posted: 24 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.

    submitted by /u/rBitcoinMod
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    Fuck it, Bitcoin is my savings account now

    Posted: 24 Dec 2020 07:29 AM PST

    I'm 27 years old. Savings account at local bank pays 0.0001% interest rate(or some shit).

    Why am I keeping thousands of dollars JUST SITTING? I just pulled a Michael Saylor and converted the entire thing to bitcoin. Somehow I feel a little bit of relief knowing that my money is 100% safe from identity theft or my physical wallet being stolen.

    Just sold my 401K of $4,000 into BTC. Over an entire 1 year period, that 401K only grew $1000. Bitcoin more than doubled that.

    I don't even care that some older folks I know thought it was stupid. I am young enough that even if this all goes to zero, I can still pay my bills, and have plenty of time to catch up to build retirement fund.

    Fuck it. I'm all in.

    Literally.

    submitted by /u/Nossa30
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    Bitcoin is over 20,000 EUR now!

    Posted: 25 Dec 2020 03:35 AM PST

    As Venezuelan: Thank you, Bitcoin.

    Posted: 24 Dec 2020 04:29 PM PST

    Now I can have a place to save my money without worrying to spend it asap before it drops 5% next morning.

    Merry Christmas, to all of you. Wash your satoshi-staking hands.

    submitted by /u/Hispanon
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    Merry Christmas to all hodlers everywhere

    Posted: 24 Dec 2020 02:57 PM PST

    Pretty sure this is like, an ATH

    Posted: 25 Dec 2020 03:33 AM PST

    I don't keep up with the numbers but it just went up quite a lot.

    submitted by /u/Hiddenorigin
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    Bitcoin Rap Battle: Alexander Hamilton vs. Satoshi Nakamoto

    Posted: 24 Dec 2020 05:17 PM PST

    FinCEN Regulation MegaThread - Make Your Voice Heard - Wish Mnuchin a Merry Christmas & Happy New Year

    Posted: 24 Dec 2020 05:50 PM PST

    This thread will be stickied until January 3rd - which is also the deadline for comment on the new FinCEN rules & regulations.

    Dear r/Bitcoin

    I'm Blowing the Horn

    The regulators are here, and they want to make things more difficult for the ecosystem. Make no mistake, the new proposed FinCEN rules are insignificant in the grand scheme of things. But that doesn't mean we shouldn't give them Hell for trying to sneak in some last minute shenanigans, at the 11th hour, of an outgoing administration, during Christmas. (A cowardly act, no matter your political affiliation).

    This subreddit has more than 1,840,000 subscribers, many of whom are lawful American citizens, voters, taxpayers & Bitcoin enthusiasts.

    So make some noise, but be respectful and professional if and when you do.

    Be sure to let them know that it's not worth risking Republican control of the Senate over Mnuchin's personnel vendetta against Bitcoin.

    At the time of posting this thread there have been 284 comments made. Lets get that to 2100.

    This thread will help host information & options for community members to make their voices heard on these new draconian rules. If you have any ideas on this action, please leave a comment. I'll try to update it with more options and information as they become available.

    Some good background on this:

    Everyone Should read this one: https://twitter.com/jchervinsky/status/1340135040399904770

    More Background: https://twitter.com/BlockchainAssn/status/1340061588448022530

    The Proposed FinCEN rules & regulations:

    https://public-inspection.federalregister.gov/2020-28437.pdf

    Make Your Voice Heard, Comment on the New Rules:

    Press the "comment Now!" button at the top right to leave a comment, keep it professional:

    https://www.regulations.gov/document?D=FINCEN_FRDOC_0001-0121

    Comments Can also be Submitted here:

    https://www.federalregister.gov/public-inspection/2020-28437/requirements-for-certain-transactions-involving-convertible-virtual-currency-or-digital-assets

    Letter Template to Send Mnuchin Your Thoughts, Keep it Professional Please:

    https://coincenter.good.do/fincen/fincen-email/

    You can also submit your Feedback to: Policy Division, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-2020-0020 RIN number 1506-AB47

    AND: Kenneth A. Blanco Director Financial Crimes Enforcement Network via https://www.fincen.gov/contact

    Rumor is, the Office of Management and Budget has the final say on these FinCEN rules, so be sure to submit a copy of your comments there too:

    https://www.whitehouse.gov/omb/

    https://twitter.com/RussVought45

    Closing Thoughts and Strategy:

    It's probably more important to leave a comment on the actual proposed rules, then to send Mnuchin a letter he won't read. But both are encouraged. In addition, the Office of Management and Budget angle might be the best place to target. Please submit your comments respectfully and professionally to as many of the available avenues for comment and feedback as possible. But do not spam or be disrespectful in your conduct. Please also contact your local senator and congressman for wider effect.

    Merry Christmas and Happy Holidays Everyone.

    submitted by /u/Fiach_Dubh
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    Christmas wish came true. BTC at an ath of 24500 on Coinbase pro

    Posted: 25 Dec 2020 03:32 AM PST

    Edit: learned my lesson to never put the atm price in the title because it'll just keep running up an extra 112!

    submitted by /u/StonkOnlyGoToTheMoon
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    Are you fed up of Bitcoin posts immediately being banned in r/wallstreetbets? We created the answer earlier this year with r/satoshistreetbets, a Bitcoin-friendly alternative! I truly believe WSB helped propel stocks to new heights, lets try to do the same for Bitcoin!

    Posted: 25 Dec 2020 03:29 AM PST

    15 MINIMUM WAGES

    Posted: 24 Dec 2020 07:47 PM PST

    Thanks you so much Bitcoin for everything. I have a profit of the equivalent of 15 minimum wages in my country. I'm only 18. Bitcoin is the only safe heaven in my shitty local currency and I'm so proud that I entered in the right community. Thanks you all and let the magic internet money begin 💰 HODL

    submitted by /u/ANickname_Pp
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    All I want for Christmas is a btc ATH.

    Posted: 24 Dec 2020 08:33 PM PST

    Common baby Jesus

    submitted by /u/Misskeysher
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    A two and a half hour conversation with Michael Saylor on one of the best finance and economics podcast, about Bitcoin. Very interesting. Also, Merry Christmas everyone!

    Posted: 24 Dec 2020 05:43 PM PST

    Am I crazy if I constantly look at BTC prices every day and watch bitcoin videos every day? And lurk the bitcoin thread every day? And refresh all of these things throughout the day to check for updates?

    Posted: 24 Dec 2020 08:55 AM PST

    Is this unhealthy? Should I take a step back?

    submitted by /u/feetlickerr69
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    Tis the season to trade: BTC Exchange Bingbon to give away 400k USDT

    Posted: 25 Dec 2020 01:02 AM PST

    Brand new, you're retro

    Posted: 24 Dec 2020 10:29 AM PST

    Andrew Yang, a crypto-friendly politician who had been a presidential candidate earlier and had quit the race has now filed paperwork to run for New York’s City Mayor as per the official candidate list.

    Posted: 24 Dec 2020 10:32 AM PST

    The tinfoil hat / OCD guide to withdrawals from Coinbase Pro to Trezor via Electrum

    Posted: 24 Dec 2020 07:28 PM PST

    Had occasion to do a small, but non-trivial withdraw from Coinbase Pro to Trezor via Electrum. Since the "How do I withdraw" question is asked almost daily, I went ahead and documented my (OCD) steps. If you wanted to, you could reduce the steps to probably less than 5, but this covers most situations. I suppose you could start adding a faraday cage if you wanted to dial it up to eleven.

    1. Pair your Trezor to a GPG verified up-to-date copy of Electrum
    2. In Electrum create a receive request
    3. In your notebook, write the first 6 and last 6 characters of the address
    4. Click the eyeball icon to show this address on your Trezor
    5. Verify the first 6 and last 6 from your notebook on the Trezor LCD
    6. Click the copy icon in Electrum to move the address to the clipboard
    7. On the address tab, click CTRL-F to start a search and paste the address
    8. Enable "show details" for the address with a right-click
    9. From details box, copy the Address, Pubkey, and derivation to notepad
    10. Verify the first 6 and last 6 from your notebook with what was pasted in notepad
    11. Log into Coinbase Pro and generate a BTC (only) statement for a current time period
    12. Log into your email and find the last "available balance increase" msg from CB
    13. Review your statement and write down what the BTC balance was 24 hrs before the msg
    14. Go to CB Pro address book and add the address recorded in notepad
    15. Verify the first 6 and last 6 from your notebook with what was just done
    16. Begin a BTC withdraw from Coinbase Pro
    17. Use the entry you made in your CB Pro address book for the withdraw
    18. The address may truncate, right click on it and select "inspect" to view the HTML
    19. In the raw HTML you should see the untruncated address.
    20. Verify the first 6 and last 6 from your notebook with the address in HTML
    21. Use the amount you recorded earlier from your statement. Round down for fees.
    22. Copy the suggested fee into notepad with your other records
    23. Calculate the amount of fees suggested and deliberate if this is what you want.
    24. Begin the withdraw to advance to the confirmation screen
    25. In the confirmation screen ensure that the "Total" is less than the amt recorded earlier
    26. Verify the amount is what you requested
    27. Verify the first 6 and last 6 from your notebook with the address in the confirmation
    28. Verify the fee is what was suggested previously
    29. Accept the confirmation to commit the withdraw
    30. Get a beer an wait for a while
    31. Check electrum to see if any TXNs have started for your wallet
    32. If no network activity is registered on that address check the CB records
    33. From "Portfolio" click "Withdraws"
    34. Check to see if your withdraw is in the withdraw log
    35. If it is, click the withdraw to get specifics
    36. If it is not check your email and SMS for alerts
    37. If your balance is reduced but your withdraw is absent, open a ticket
    submitted by /u/brianddk
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    Showerthought: There are adults with disposable income who have been hearing about bitcoin since they were children.

    Posted: 24 Dec 2020 04:25 PM PST

    More importantly, each year more people who have been hearing about bitcoin their entire lives will join the work force.

    submitted by /u/ItsKnope2016
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    GBTC now holds more than 607k btc. Rethink that...

    Posted: 24 Dec 2020 03:23 PM PST

    1000BTC bought at once

    Posted: 25 Dec 2020 03:42 AM PST

    If you look across all of the big exchanges, you'll see simultaneous orders for 100, 200, 300, 500 Bitcoin this morning. Someone is buying in bulk! Merry Christmas.

    submitted by /u/GrindingWit
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    Merry Christmas to my Bitcoin fam!!

    Posted: 25 Dec 2020 02:48 AM PST

    Take this day off to look back at all your hard work, and sacrifices that you made this year for your holdings!

    Spend time with your families, and have a beautiful day!

    submitted by /u/jeremysanders922
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    #Bitcoin turbo Christmas analysis

    Posted: 25 Dec 2020 02:02 AM PST

    Bitcoin ATM (Oakland)Fruitvale Bottles & Liquor 3715 international blvd Oakland CA 94601

    Posted: 24 Dec 2020 07:32 PM PST

    Merry Christmas and enjoy gains and may next year be even better!

    Posted: 24 Dec 2020 06:48 AM PST

    Price of Bitcoin on Christmas Eve:

    2020 - $23,400

    2019 - $7,318

    2018 - $4,124

    2017 - $13,673

    2016 - $899

    2015 - $453

    2014 - $330

    2013 - $651

    2012 - $13

    2011 - $4

    2010 - $0.25

    submitted by /u/1Lost_King1
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    Bitcoin Audible: Read_477 - Bitcoin is the Great Definancialization [Parker Lewis]

    Posted: 25 Dec 2020 12:57 AM PST
    Read more
    at

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