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    Sunday, December 27, 2020

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

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


    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 personal vendetta against Bitcoin.

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

    (589 comments made as of Dec 25th)

    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:

    Instructions of How To Leave a Pre-Written Comment:

    https://twitter.com/jchervinsky/status/1342905775501488136

    https://www.stopfinancialsurveillance.org/

    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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    Daily Discussion, December 27, 2020

    Posted: 26 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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    Sorry for this, I need karma to get coinbase support attention, I'm locked out of account.

    Posted: 26 Dec 2020 09:48 PM PST

    2FA stopped sending SMS's to my phone... and support ignores me. Apparently I need karma to post on the coinbase reddit to get their attention. That should tell you all you need to know about putting money in coinbase.

    Any karma will be much appreciated, not sure how I can give it out myself... will gladly do so if someone explains..

    EDIT: Thanks guys! I got enough to post and got a reply in minutes... this after usually waiting 4-5 days (or never).

    submitted by /u/elatwrare
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    Been a great ride but I’m Cashing out...

    Posted: 26 Dec 2020 01:29 PM PST

    ...cashing out of my Gold so I can load up on more BTC! Have fun staying poor Peter Schiff

    submitted by /u/SoldMum4BTC
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    $27,000. A new all-time-high has been set today!!!

    Posted: 26 Dec 2020 10:01 PM PST

    This growth is insane. 27 on 27th.30 on the 30th?

    We didn't just broke 27,000. We went from 26.9 to 27.2. That was insane

    submitted by /u/EpicRayy
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    When bitcoin starts to moon

    Posted: 26 Dec 2020 06:52 AM PST

    We havent hit a new ath in the last 20 minutes. Bitcoin is dead

    Posted: 26 Dec 2020 02:17 PM PST

    This massive and abnormal growth is bad and here's why......

    Posted: 26 Dec 2020 07:05 PM PST

    I'm going to have to pay my dermatologist to remove it and I wanted to buy more bitcoin :(

    submitted by /u/Satoshi_addiction
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    The tribe has spoken. This time it's 28k.

    Posted: 27 Dec 2020 01:52 AM PST

    My btc art

    Posted: 27 Dec 2020 01:43 AM PST

    As of this moment, I am up 10,000% (100x) profit from my initial life savings investment in Nov 2013. Bitcoin has changed my life.

    Posted: 26 Dec 2020 07:36 AM PST

    Bought my first bitcoins at $255 in November 2013. Have held and continued to dollar cost average since then. In the spring, my wife and l will be moving into a swanky Manhattan co-operative thanks to Bitcoin.

    My entire life is changed thanks to that fateful decision in the fall of 2013. I just wanted to celebrate this moment and to say a HUGE THANK YOU to all the hodlers, coders, memers, and believers in Bitcoin! You all rock!!! Couldn't have done it without you!

    P.S.

    For those wondering, no, I'm still not selling any yet at this price.

    submitted by /u/Halfhand84
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    $100K in 2021 doesnt seem so unrealistic anymore

    Posted: 26 Dec 2020 01:11 PM PST

    Bitcoin Over the Last 2 Weeks like:

    Posted: 26 Dec 2020 06:46 PM PST

    25k for 25th, 26k for 26th, and 27k for 27th �� My friend has been waiting to buy the dip since 13k

    Posted: 26 Dec 2020 10:24 PM PST

    We hit 26k!!! Lets gooooooo

    Posted: 26 Dec 2020 12:36 PM PST

    Next stop: Mars

    submitted by /u/Michaluck
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    Happy $26.000

    Posted: 26 Dec 2020 01:00 PM PST

    24K on the 24th, 25K on the 25th, and now 26K on the 26th!!!

    Posted: 26 Dec 2020 01:31 PM PST

    $500 billion market cap we did it

    Posted: 26 Dec 2020 05:12 PM PST

    Thank You Satoshi Claus

    Posted: 26 Dec 2020 01:33 PM PST

    Farewell 26k, we hardly knew ye.

    Posted: 26 Dec 2020 10:33 PM PST

    100k party

    Posted: 26 Dec 2020 02:50 PM PST

    my portfolio just reached 100k.
    im cashing out 1k to throw a party for all my friends.
    drinks on me bitchez!

    submitted by /u/ohyeahmofos
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    Binance pool responded with a yes to taproot -mining pools in support of taproot at 91.05%

    Posted: 27 Dec 2020 02:40 AM PST

    ATH! Bitcoin for $26255! Merry Christmas! And here's a present for you - a new record!

    Posted: 26 Dec 2020 12:58 PM PST

    What gives Michael Saylor anxiety?

    Posted: 26 Dec 2020 08:42 PM PST

    Help! I have become colorblind!

    Posted: 26 Dec 2020 08:07 AM PST

    I have recently become colorblind. I used to be able to clearly see red and green candles, but now they are all green.

    Can this be reversed? I'm worried.

    submitted by /u/Adamsimecka
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    For the newbies and those feeling the pressures of FOMO during bull run

    Posted: 26 Dec 2020 03:41 PM PST

    MOON sentiment is rising to levels we saw in 2017, and I do agree that things are different this time, BUT as with any investment, you should always expect that ANYTHING can happen.

    There WILL be another healthy sizable pullback. It's a matter of WHEN, not IF. Could be today, tomorrow, next year or in 5 years. Odds are that it will be sooner, rather than later.

    For the average person who can only spare a small percentage of their income, my advice would be to invest as below (or some sort of variation of the below):

    1. Dollar Cost Averaging (DCA) - Pick your favourite exchange and set up automatic buys. Daily, weekly, fortnightly, monthly - whatever you can SAFELY afford. You don't want to feel like you have to sell at some stage if you are running low on fiat. Set and forget. HODL.
    2. Lump Sum Purchasing* - Take 25-50% of the amount you calculated for DCA'ing, and instead put it aside in an account for two reasons.
      1. Buying The Dip - Pretty self explanatory really. Buy when it's cheap, to maximize your investment.
      2. FOMO Buying - FOMO happens to even the best of us, trust me. What matters is how you react to the feeling. In moments of FOMO (bull runs), you may be just a click or two from depositing ALL your money in, which could be disastrous if the price drops significantly. Instead, invest a smaller percentage of this fund to help keep your emotions in check.

    *My personal rule with lump sum purchasing, is to always invest 50% of my fund, regardless of whether I'm buying the dip, or FOMO buying. If I buy at the All-Time-High (ATH) and it crashes, that allows me to buy the dip and average my cost down significantly. Vice versa, if I buy the dip and we see a bull run, it allows me to continue buying as the price goes up. By investing 50% of the value of my fund each buy, it typically never reaches $0.

    Regardless of the above, the #1 rule is still to buy & HODL. As we continue to see ATHs, EVERYONE who has HODL has made money.

    submitted by /u/M2RSHY
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    Bought my first BTC August 1st 2020

    Posted: 26 Dec 2020 06:09 PM PST

    Almost a 100% return on my investment!

    Merry Christmas and a Happy New Year!

    HODL 🌎🚀🌚🛸

    submitted by /u/fallrotenburo
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