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    Bitcoin Daily Discussion, December 26, 2020

    Bitcoin Daily Discussion, December 26, 2020


    Daily Discussion, December 26, 2020

    Posted: 25 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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    25K on the 25th! Merry Christmas indeed.

    Posted: 25 Dec 2020 07:27 PM PST

    BTC must be the chosen one. Don't know if it ever died, but it certainly came back from some near death experiences.

    submitted by /u/Bach_Bach_Bach
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    Bitcoin is now the 24th largest currency in the world. Passing Isreal, Turkey, and Vietnam's currencies.

    Posted: 25 Dec 2020 05:44 PM PST

    @MaxKeiser predicting #Bitcoin at $25,000 on Xmas day looks like he may nail it!

    Posted: 25 Dec 2020 06:05 PM PST

    25K - mERRY cHRISTMAS yA fILTHY aNIMALS!!! YEEE

    Posted: 25 Dec 2020 07:29 PM PST

    I feel bad for all those people who have been "waiting for the dip" since $16k.

    Posted: 25 Dec 2020 08:13 PM PST

    I've been hearing it since it hit $1k, but it's like there's a new wave these days.

    "I'll buy in as soon as it goes back to $6k"

    "I'll buy when it gets back down to $8k again."

    "Guess this is going somewhere , I'll buy in when it's $12k"

    "I don't want to be buying at the top, it'll go back to 14k soon"

    "There's no way this rally will be sustainable. I'll just buy when we crash down again to $19k."

    "Look I want to buy Bitcoin but it's clearly on the peak soon. I'll wait for a few more weeks until ______ hits and then I'll buy in then so I don't lose money!"

    submitted by /u/gunshotaftermath
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    Bitcoin MarketCap > Visa MarketCap

    Posted: 25 Dec 2020 05:59 PM PST

    Thank you to r/Bitcoin from all the Noobs in 2020!!!

    Posted: 25 Dec 2020 05:08 PM PST

    Just wanted to thank all the crusty ol' veterans who take the time to answer the same stupid question over and over again. This is genuinely the only financial community that doesn't feel like it everyone lurking is trying to rip you off, or shill their latest scam.

    I know I still have a lot to learn, but having this place as a resource is amazing.

    Happy Solstice, New Year and anything else you may enjoy. See you all in a (hopefully much improved 2021!)

    HODL, HODL, HODL,

    STACK, STACK, STACK

    Patience is a virtue....

    submitted by /u/geetarzrkool
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    Oscillating fan helps bitcoiner recover bitcoin wallet worth ~$100,000

    Posted: 25 Dec 2020 09:51 PM PST

    I happened to see this Twitter thread.

    "Who's ready for a really hectic story explaining how I was able to recover around $100,000 of coin from a broken PC despite every data recovery specialist in the US telling me I was screwed."

    "*After giving up hope I came up on this random reddit video of a guy turning on and turning off his Surface [...] for 24 hours. When it turned on everything was fixed. I figured it was worth a shot."

    "I tweeted asking help to find something that would push a button on/off. I tried a massage gun, which was too fast, then some other stuff, but I eventually went to CVS and got an oscillating fan to push the button. The Surface took 2 full days - almost 48 hours to fully drain."

    "15 minutes ago, it finally died. I went and plugged it back in, hoping this full battery drain and reset would fix the issue that kept blocking it from booting up again - and it actually worked lol. Coins secured and I'm never touching that laptop again."

    submitted by /u/cointastical
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    BTC has become the top 11th asset by Market Cap! Passed Walmart and Visa!

    Posted: 25 Dec 2020 09:02 PM PST

    BTC has become the top 11th asset by Market Cap! Passed Walmart and Visa!

    BTC has passed Walmart and Visa. It has become the top 11th asset by market cap. Soon we will become #10 and pass Warren Buffet's multinational conglomerate company. The same guy who called BTC rat poison. Seems like the rat poison, according to him, will be worth more than his company. #HODL

    https://preview.redd.it/gqwhbmhfqg761.png?width=1060&format=png&auto=webp&s=ce5bb2d8c9d2a59ddc314542b81410e7fa0b807a

    submitted by /u/Mari0805
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    My tribute to out 25k milestone

    Posted: 26 Dec 2020 12:32 AM PST

    Bitcoiner since 2012, bought more bitcoin at 25k ATH

    Posted: 25 Dec 2020 09:13 PM PST

    bought my first bitcoins in 2012 and sold for small profit in summer 2013

    bought a few more and held since late 2013/2014, haven't bought more until now!

    never felt more alive and positive about bitcoin!

    it's not to late to jump in the game!

    submitted by /u/luciintheworld
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    Everyone is buying BTC with their Xmas��cash, and I love it ��

    Posted: 25 Dec 2020 11:41 AM PST

    You heard me. To Mars we go!!!!🚀

    submitted by /u/CoHemperor
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    From an Indian: Well done to the true believers

    Posted: 25 Dec 2020 09:28 PM PST

    Bitcoin is gathering escape velocity to take the "HODLERs" out of the broken and corrupt monetary system.

    We are reading some amazing stories on this forum. Venezulean securing his future. Bitcoin grandma our new Hodler.

    I heard Bitcoin in Aug 2017. It kind of stuck with me. I was baptized with fire in dealing with the various noises in this ecosystem.

    The massive pumps and dumps, Bitcoin Cash noise, Ripple fan boys, exchanges crashing, Jamie Dimon and Warren Buffets monologues. The bear market was fun.

    In my country, Bitcoin was banned for 19 months right through the bear market. I couldnt buy. But Thanks to you beautiful people on this forum, I always felt connected to this amazing revolution.

    I became wiser every day I read your views. When the ban was removed in March this year, the mankind was facing a Pandemic. But I had clarity in my thoughts and bulldozed my way into accumulating sats day in day out.

    Hell yeah. I am 400% up in my portfolio. I am already looking for the next halvening in 2024 when Bitcoin will become even more harder money.

    Should I have bought more sats or full bitcoins? How does it matter? I believe I have now a solid stake in this silent revolution to make the world better place.

    Well done Hodlers!!!

    Remember:

    Invest only what you can afford to lose. If you want to deserve $100k coin, you need to stomach $4k coin.

    Learn how to protect your newly found wealth!!! You are the bank!!!

    submitted by /u/gsarin1980
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    I just lump summed 3k into btc all at once. What do you have to say to me?

    Posted: 25 Dec 2020 02:49 PM PST

    Is this what you would have done or would you have DCA'ed? I lump summed everything at 24.6k

    submitted by /u/feetlickerr69
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    The Banking System VS Bitcoin

    Posted: 25 Dec 2020 04:49 AM PST

    Bitcoin's Market Cap Passes $450 Billion For The First Time In History!

    Posted: 25 Dec 2020 06:02 AM PST

    Christmas gift to you

    Posted: 25 Dec 2020 07:04 PM PST

    Ill gift 1000 satoshis through Lightning Network to the first 100 people that comment with their invoice.

    EDIT: Lightning invoice only. If you don't have lightning wallet. Here some suggestion:

    Phoenix

    Breez

    Wallet of Satoshi

    BlueWallet

    Also feel free to use the https://www.reddit.com/r/lntipbot/wiki/index to generate an invoice.

    EDIT2: For those im having problem sending to, please let us know what wallet you are using.

    EDIT3: I'm very happy that this get some of you to have your first hand on experience with using lightning wallet. I'm off to bed now. Happy Holidays!

    submitted by /u/wawawashita
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    I truly do not understand some of you trading folks out there.

    Posted: 25 Dec 2020 03:51 PM PST

    Accumulate BTC and hodl. When BTC reaches an ATH in x years, every single investment until then will have turned a profit. Careless whether you bought at that times highs or lows.

    Do not try to time the market, just invest the same amount on a regular basis and hodl.

    submitted by /u/CntDstryr93
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    Thank you

    Posted: 25 Dec 2020 08:16 AM PST

    Hello all just wanted to share. First thank you to this community I've learned so much from reading posts. I'm a young farmer in the Midwest, I'm sure that theirs not many of us here lol. I first heard of Bitcoin in 2014 but didn't think much of it. At that time I had over leveraged my self with the local bank buying cattle, machinery and other farm inputs. The night I got married at 26 y/o I had to tell my wife you are now in debt $600,000+. Long story, shortly after that the farming markets across the board had tanked and I was forced to sell almost all I had to just pay on my loans. I was defeated so I did the only thing I've ever done and worked my ass off 3 or 4 jobs at a time. I installed fiber optic internet cables. General Electrician and ran heavy equipment for other people for fractions of the money I was making when I was "self employed" all at the same time continuing to work on the family farm. This is the first year our money has been somewhat stable. Came back to reading about Bitcoin in February of this year and started DCA. Thanks to this community for all the advice. I'm not the most tech savvy person but was able to guide my self where I feel confident in my Bitcoin decisions, because of all your help and advice, this is a valuable community to people like me.

    submitted by /u/roymizz
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    Bitcoin grandma skateboard art

    Posted: 25 Dec 2020 11:45 AM PST

    Old man yells at Bitcoin

    Posted: 25 Dec 2020 08:23 PM PST

    Michael Saylor breaks it down so perfectly

    Posted: 25 Dec 2020 09:23 PM PST

    If you're sitting on the sidelines worried about buying at ATH's.

    Posted: 25 Dec 2020 06:17 PM PST

    Then purchase smaller amounts. You're better off, for example, purchasing just $100-$200 at an ATH then buying nothing at all. If the price dips you can purchase a larger amount and if the price rises, you can continue to purchase in smaller quantities until a larger Dip does happen.

    submitted by /u/AustonMothews
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    A masterclass in economic calculation by Michael Saylor

    Posted: 25 Dec 2020 11:31 PM PST

    Michael Saylor discusses his big move on Bitcoin. Additionally he goes into detail on how he conducts economic calculation during a time when central bankers are printing in an accelerated manner.

    https://youtu.be/jwgOVPJ2FnU

    submitted by /u/torkildj
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