Bitcoin Daily Discussion, December 29, 2020 |
- Daily Discussion, December 29, 2020
- Coinbase: Please allow customers to participate in IPO
- All Bitcoin Ever Spent
- Bitcoin displacing Gold as a store of value will free up literal TONS of gold for industrial, technology, and science applications. We’re making the world better in so many ways!
- US Firm Marathon Buys 70,000 Bitcoin Miners for $170 Million
- Wife agreed on buying Bitcoins with the stimulus check!
- Bitcoin ready to the moon on Saturn V rocket
- The thing I'm looking forward to most in the price going up is the money it provides for really smart people to do their thing.
- The Fed right now
- HODL'ed For 3 Years, Cashing Out Today, Getting Married Soon
- Who else is happy to see Bitcoin to be stable again around 27k? its more healthy and long lasting... a couple days more and then it's ok if we continue going up :) Going up so fast is not good, Reminds me of bad memories in 2017 LoL. do you relate?
- Back in 2016 my friend told me bitcoin is a scam
- PSA: Change (reduce) the transaction fee in your wallet when sending. Stop sending with the default sats/byte
- 1 BTC = 5400 chickens
- I DCA'd bitcoin as a wageslave pleb for the last two years.
- US Stimulus: Who's putting their $ into BTC?
- Hodl if you want, take profits if you want, but don’t market time
- F.O.M.O. Alert reminder!
- Weimar Germany Inflation Essay- Reliving the Past
- Does the overall BTC UTXO set ever shrink?
- I am all in on Bitcoin. Change my mind.
- Reminder: 2 Days until the Dickening
- Been DCAing and buying extra during dips since 2 years ago. I checked today and realized that 30.18% of all my investment is now in Bitcoin.
- I will sell at 100k
- WSB ���� - WHY is subreddit Wall Street Bets so MEAN to Bitcoin???
| Daily Discussion, December 29, 2020 Posted: 28 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]  | ||
| Coinbase: Please allow customers to participate in IPO Posted: 28 Dec 2020 04:29 PM PST This is a request for Coinbase to do like Airbnb did and give their customers the option to participate in their IPO. Proposal: give customers the option to buy up to $20,000 of Coinbase stock at IPO price. I have a strong feeling that Coinbase will be pressured by Wall Street against this idea. Please upvote if you agree with this. This is about an even playing field. We do not want to see the traditional IPO with bankers buying the stock at IPO price and selling it at a 50 percent or 100 premium to the general public. We the users who have contributed to Coinbase's success deserve this. EDIT: to all those who say this isn't technically possible... AIRBNB just did this 2 weeks ago at their IPO. I know because my friend (who is a host and not an accredited investor) bought 150 shares at IPO price. Want proof? Okay: https://www.cnbc.com/2020/12/10/airbnb-hosts-profit-from-ipo-pop-spreading-wealth-beyond-investors.html Edit: Apparently Uber and Lending Tree did something similar at their IPO as well Edit: noticed that the Coinbase CEO is actually on Reddit : u/bdarmstrong - Please make this happen Brian! [link] [comments]  | ||
| Posted: 28 Dec 2020 11:17 AM PST
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| Posted: 28 Dec 2020 05:02 PM PST For those who are not familiar, gold is an amazing anti corrosion conductor and has numerous other properties that give it productive value. Years back, I would hear the argument that gold is more intrinsically valuable than BTC for this very reason. With that being said, the price of gold today reflects its increasingly obsolete role as a store of value / safe haven asset. If folks stop hoarding gold for those purposes, the price will plummet and productive entities in science and engineering will have greater access than ever before. The ensuing wave of innovation will be dazzling. Regarding the dated argument that gold is intrinsically more valuable than Bitcoin, remember that we are more scarce, more fungible, more trustworthy, and increasingly more in demand... Among other points. Keep calm and HODL on [link] [comments]  | ||
| US Firm Marathon Buys 70,000 Bitcoin Miners for $170 Million Posted: 28 Dec 2020 11:55 AM PST
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| Wife agreed on buying Bitcoins with the stimulus check! Posted: 28 Dec 2020 10:48 PM PST I had a very short but meaningful talk with my wife today and she agreed that whether is $600 or $2000 check, my part of the check will be going towards Bitcoin! I will be putting the whole thing into the future and become a true HODL'er. This will be my biggest investment yet and seeing how Bitcoin has performed, has left little doubt in my mind that this is going to be a very good decision. Previously tried to invest in XRP and you guys have seen where that left me... didnt had much only 1,000 XRP, but yea screw that shitcoin, any form of centralization will be used by those who want to control the rest of us. Anyways, I'm very glad to be part of the future and here's to a great future! [link] [comments]  | ||
| Bitcoin ready to the moon on Saturn V rocket Posted: 29 Dec 2020 01:35 AM PST
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| Posted: 28 Dec 2020 01:47 PM PST Of course, some will buy Lambos but bet there are people desperately awaiting the funding for their ideas with full creative control which excites me. [link] [comments]  | ||
| Posted: 28 Dec 2020 03:33 PM PST
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| HODL'ed For 3 Years, Cashing Out Today, Getting Married Soon Posted: 28 Dec 2020 06:01 AM PST 3 Years I devoted to the duty you charged me, 3 Years I HODL'ed all my coins, And finally, when we could be together again... I actually got 200% net profit on my initial investment :) From $2200 in 2017 to $6600 in 2020... Did nothing but buying these coins and sleeping over them for 3 years, and now it's gains time. Yay! I don't know about you folks but in my Middle Eastern country marriage prices are high (You have to buy gold for the pride, ikr, earning Bitcoin money to buy gold with it, yikes), and I think will get married soon with what I gained. It has been a nice ride boys, glad to be with you, to the Moon. Edit: I have received too many replies... Thank you all for the good wishes and awards. Yes I am not cashing everything out and will keep some of it for sure. [link] [comments]  | ||
| Posted: 28 Dec 2020 10:27 AM PST | ||
| Back in 2016 my friend told me bitcoin is a scam Posted: 29 Dec 2020 02:57 AM PST Luckily i did not listen to him and made my best investment ever. What i don't get is that people are still saying bitcoin is a "scam" which it's clearly not lol [link] [comments]  | ||
| Posted: 29 Dec 2020 01:52 AM PST Now that we're entering a new bull run, it's going to get crazy again on-chain. Please be conscious about the transactions you make. Most if not all wallets all the setting of the transaction fee. If you transaction isn't urgent, save yourself and everybody else some money by sending with a lower sats/byte. The main reason prices peak is because of the default fees, vert few ppl actually change it. Your wallet automatically tries to fit your transaction in the next block, every wallet doing this at the same time quickly pushes the average next-block fee up. I usually aim for 10-20 sats/byte for my transactions and they are usually cleared overnight at the very least. [link] [comments]  | ||
| Posted: 28 Dec 2020 05:32 PM PST At $27,000 per BTC and $5/chicken, each Bitcoin is worth 5,400 chickens. The global chicken market cap is 50 billion chickens times $5/chicken. That's $250 billion. The Bitcoin market cap is twice that. [link] [comments]  | ||
| I DCA'd bitcoin as a wageslave pleb for the last two years. Posted: 28 Dec 2020 08:28 PM PST For the last two years I dollar cost average bought bitcoin with extra money I didn't need and also using a round up service. The insane part is now my btc holding are equal to my fiat holdings just from buying with spending money and market prices for 2 years. I ain't buying a lambo at all but it's a nice safety net. Still gonna buy more once I get past the Christmas spending slump. [link] [comments]  | ||
| US Stimulus: Who's putting their $ into BTC? Posted: 28 Dec 2020 05:32 PM PST Gonna lean on the hubby and get him to agree to putting most if not all of what we're getting into BTC... this dump of cash into the economy is just going to devalue the $. If we get a chunk in ahead of the us$ dip, we can retain our value better. Generally I DCA with occasional extra buys at a dip or some friendly forboding news. (like when paypal bought in) dumping in while we're this far in an uprocket 🚀 feels like a fomo move but its not missing out i worry about so much as long term economic destruction in the US.... [link] [comments]  | ||
| Hodl if you want, take profits if you want, but don’t market time Posted: 28 Dec 2020 11:29 PM PST "The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There's a problem, though: They are dancing in a room in which the clocks have no hands."
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| Posted: 28 Dec 2020 09:31 AM PST This is a message for all newcomers to crypto. Invest responsibly. Only invest what your willing to lose. People have killed themselves in the past over chasing this. Nobody knows exactly where this is going to go, people that say they do are talking with emotion. You can get crushed in the blink of an eye. If you don't have the money to lose it. You don't have the money to use it! [link] [comments]  | ||
| Weimar Germany Inflation Essay- Reliving the Past Posted: 29 Dec 2020 12:25 AM PST
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| Does the overall BTC UTXO set ever shrink? Posted: 29 Dec 2020 03:22 AM PST Does the overall Bitcoin utxo set ever shrink? I understand that for a transaction I can use the utxo's in my wallet as inputs in transactions. Once I spend them they are "used" and are removed from the utxo set, however they become utxo's for the recipient. With coinbase transactions producing new utxo's, it strikes me that the overall utxo set of Bitcoin is ever increasing or is this not correct? [link] [comments]  | ||
| I am all in on Bitcoin. Change my mind. Posted: 28 Dec 2020 11:04 PM PST | ||
| Reminder: 2 Days until the Dickening Posted: 28 Dec 2020 06:30 PM PST | ||
| Posted: 28 Dec 2020 08:10 PM PST Surely some of you will think that 30% is not aggressive enough while some will think the risk is too high. What about you? Without disclosing how much Bitcoin you have, what's your overall allocation in Bitcoin? [link] [comments]  | ||
| Posted: 28 Dec 2020 08:02 AM PST When BTC reaches 100k I will have enough money to live off 4% for the rest of my life. (I will reinvest everything it in stocks/etf/real estate) Sure, I think BTC will go higher but at this point it becomes a gamble for me. At this point I have nothing really more to win but everything to lose. So, selling is the only logical conclusion for me. [link] [comments]  | ||
| WSB ���� - WHY is subreddit Wall Street Bets so MEAN to Bitcoin??? Posted: 29 Dec 2020 01:55 AM PST Super frustrated! Tried posting a post there about my portfolio, which contains a Bitcoin ETF-like fund, and got perma-banned. I see they have a policy against posting "Crypto" Pump-and-Dumps, but who in their right mind equates BTC with 1000's of Sh*tcoins in the year 2020? Bitcoin now days is an entirely legitimate financial instrument, an asset class even, tradable on leading exchanges and can be a part of a retirement portfolio. I mean I understand WSB is for degenerate gamblers, but then they need to look UP to BTC, not look DOWN on it sheesh! Will I have more luck with /r/Investing? [link] [comments]  |
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