Bitcoin Daily Discussion, January 22, 2021 |
- Daily Discussion, January 22, 2021
- Bitcoin HODL - Digital Art
- My experience says near 28kUSD is Bottom. You can mark this Post! if BTC went under 28k i will give anyone who posts here their receiving address $10 in BTC
- Bitcoin could go up to <Anyvalue> until <Anydate> says <Anybody>
- Placed order to buy at $29,350 and it resolved at $29,999, but hey, at least I bought before $100,000.
- Why we need to defend Bitcoin from shit cunt Craig Wright
- Bitcoin below $30K
- Hello noobs, freaking out yet?
- The market reacting to the ‘double spend’ news is a sign of how few people really understand blockchain fundamentals...
- I fucked up.
- Good bye, guys.
- Price keeps dropping every time I buy
- Good write up on the double spend that never happened yesterday.
- Anyone else remember the 50% drop last March?
- Janet Yellen: Crypto Can 'Improve' Financial System
- There are no double spends in bitcoin
- "A double-spend broke Bitcoin" FUD that was circulated by an irresponsible publication.
- I just lost $750k net worth and I’m not selling
- Bitcoin Rhapsody
- Janet Yellen: "I think it important we consider the benefits of cryptocurrencies and other digital assets, and the potential they have to improve the efficiency of the financial system."
- Waking up to 30k BTC and thinking - "Ahhh.. you're affordable again."
- Even though Bitcoin has dropped ~24% in the last couple weeks, it is still $20,000 higher than last October.
- The widening gyre
- Bitmex should be punished for this bullshit.
- Bitcoin: A Peer-to-Peer Electronic Cash System
| Daily Discussion, January 22, 2021 Posted: 21 Jan 2021 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: 21 Jan 2021 01:05 PM PST
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| Posted: 21 Jan 2021 05:56 PM PST Edit: I'm not just guessing. I analyzed a couple of news. Also this Bet is Legit til end of the January. You can edit your comment later Edit 2: I can't give away more than $1100 with fees included, so it only goes to 100 comments sorted by time posted. thx [link] [comments]  | ||
| Bitcoin could go up to <Anyvalue> until <Anydate> says <Anybody> Posted: 21 Jan 2021 04:27 AM PST Hi I made a template for everybody that wants to continue the ongoing fortune telling 🤓 [link] [comments]  | ||
| Posted: 21 Jan 2021 10:36 PM PST | ||
| Why we need to defend Bitcoin from shit cunt Craig Wright Posted: 22 Jan 2021 01:12 AM PST | ||
| Posted: 21 Jan 2021 04:33 PM PST Bitcoin just touched below $30K, those who were looking to buy cheap, here you go, also Ether closer to $1K. Edit: Now it is below $29K (5:19 PST). [link] [comments]  | ||
| Hello noobs, freaking out yet? Posted: 21 Jan 2021 06:26 PM PST It looks like we've experienced our first 30% correction for this cycle. Did you know in 2017, whenever bitcoin had a 30+% correction, it was followed by a rally doubled or more in just a few weeks? And there were FIVE 30+% corrections in 2017. Did you sell? Hodling strong? Did you buy the dip? If you bought the dip, cookies for you! That's it, have a good day/night where ever you are! [link] [comments]  | ||
| Posted: 22 Jan 2021 02:10 AM PST The stale block / valid block scenario is even anticipated in the Bitcoin white paper. [link] [comments]  | ||
| Posted: 21 Jan 2021 04:51 PM PST So, as the title suggests. I Fucked up big time. I've been in crypto since 2017, been putting all my extra cash into the markets since then. Been active in communites and definitely confident about the future of crypto. Ill skip to my fuckup. I had recently decided to trade using leverage, started small and did my research. Today, I saw an opportunity with bitcoins sideways pullback and supports, and I was confident. Too confident. i bought in at 20x leverage, things were going well, i bought a bit above the bottom, and then bought in again nearly perfectly getting the reversal. Here is my series of mistakes that turned into a big fuckup: Normally ill judge the bounce and buy in again on the ride up if im confident, small fluctuations in price wont get me liquidated, wait, not get too greedy and close. I decided to use 125x leverage on my last buy. Dumb i know. but still, it was my smallest buy and i was confident in the returns, if theres a fluctuation i'd just add to the position. I clicked 125x, didnt read the warning i got, ( after all, time is money) and then, something seemed off. I only had One position open. Then, tiny fluctuation, i see -50%, -80%, panic a bit and try to close. Boom, Liquidated. I didnt know that the Entire position goes 125x. Entire balance of over 3 years. wiped. Dont be as reckless as me. I't feels like shit. Im going to slowly try and rebuild.. Staying meathodical and being much more conservative with my risk. But fuck, this sucks. Didn't see these till after lmao. Testament to volatility. [link] [comments]  | ||
| Posted: 21 Jan 2021 11:44 AM PST Today I have bought my last few satoshis, and now I will put them to rest in my cold wallet for a few months. I have flirted with cryptos since 2017, but these last few weeks I have consumed a crazy lot of information about bitcoin, and an enormous brain processing time, I have learnt and understood bitcoin in what I consider to be quite a deep way, and I am absolutely convinced of the amazing invention it is. The world just needs to slowly digest it and understand it. But I have been a little bit obsessed, and it is time to take a rest. I'm cutting contact with any kind of information coming from the crypto world, and that includes this helpful and vibrant subreddit. It's been a pleasure, see you soon! Ah, and just HODL !!! [link] [comments]  | ||
| Price keeps dropping every time I buy Posted: 21 Jan 2021 12:29 PM PST | ||
| Good write up on the double spend that never happened yesterday. Posted: 21 Jan 2021 07:07 PM PST
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| Anyone else remember the 50% drop last March? Posted: 21 Jan 2021 05:33 PM PST I remember going to bed and we were sitting around $8k. Woke up the next morning and we were at $4k. Honestly wasn't even phased (been in crypto since 2016; I was somewhat desensitized by that point) Remember everyone freaking out? I don't, because we were back up just over a month later. With crypto in the spotlight again, the FUD is real and novice bitcoiners have a lot weaker hands than the hodlers Hodl strong people (Disclaimer; I am not an expert. Just someone who believes in the long term for bitcoin) [link] [comments]  | ||
| Janet Yellen: Crypto Can 'Improve' Financial System Posted: 21 Jan 2021 04:37 PM PST
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| There are no double spends in bitcoin Posted: 22 Jan 2021 03:21 AM PST
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| "A double-spend broke Bitcoin" FUD that was circulated by an irresponsible publication. Posted: 21 Jan 2021 09:21 AM PST "There was a chain re-organization in the Bitcoin blockchain. This is a common occurrence that is part of Bitcoin's normal operation. It is a result of decentralized consensus under Proof-of-Work. All PoW chains do this. " - Aantonop on Twitter [link] [comments]  | ||
| I just lost $750k net worth and I’m not selling Posted: 21 Jan 2021 07:25 PM PST First, my annual income has ranged quite wildly from $100-180k for over a decade but I also live in an expensive metropolitan area where 1,500 sq ft of a condo or modest single-family home sells for $1.5m. I went to a financial advisor for the first time a few months back and they called me earnestly, "solidly middle class." So, $750k is significant. I bought about $50k over various buys in 2013-2014. At the time, I'd say that was about 15% of my net worth (all of which I earned, I am no trust fund baby). I have never once sold any bitcoin. All purchases go right into cold storage. I watched all the big dips. 30-50% drops in violently fast intervals. Long recoveries. Never touched it. I'm no hero HODLer. In fact, I hate that term. It's childish, and not in an oh-so-cool-for-the-Internet way. People with any kind of positive net worth have portfolios. You don't HODL. You have assets in various instruments. Some on paper, some as property. You're "HODLing" all of them. You're sometimes reallocating, but largely you choose a mix and leave it alone. To say you HODL just tells me you've never had anything other than a cash savings account and probably a mountain of debt. So why do I hold bitcoin and not sell it? For many reasons already espoused endlessly on this forum, but here's a simple take I don't see often: If one bitcoin is worth $1, it's basically worth over $1 million. It's either valueless or should be priced at whatever would account for the entire world's business conducted in direct btc transactions with no fiat ramps. There is no in between. Because bitcoin either works or it doesn't, and the objective fact is: it works. It has worked since 2009 when the open source software was released to the world. Ask an average Joe anywhere in the world: "Is bitcoin proven, working software or just a prototype?" and I bet 9/10 say the latter. The mainstream narrative of bitcoin is so laden with bullshit, most people simply do not know that bitcoin just works and has worked since the beginning. Its promise is to allow two entities to transfer value without any middleman, and that the value cannot be counterfeit. This has not changed. If you transferred coins to an address generated in 2009, they sit at that address today still. Any free wallet software today will let you access it. The original client and its variations have been iterated, but bitcoin is still just a ledger, shared by thousands of volunteered machines online. And the deflationary economic philosophy -- a limited supply of coins -- chosen by its original creator, is the same and will always be. For all the endless talk of how the protocol, the thousands of pointless crypto copies, and decentralization is a platform that can change every industry… it all doesn't matter. Maybe the other applications will happen meaningfully, maybe they won't. But the first software devised which runs the largest network, and a permanent, immutable economic policy that is the polar opposite of MMT and the state-run money of every country around the world, **has already happened**. Bitcoin's price moves so much because most people are simply idiots. The "speculative asset" narrative is self-fulfilling. There's nothing to speculate. Bitcoin works. Will it be adopted, won't it be? It IS adopted. When one person agreed to hand over a product or service for some amount of coin, it was adopted. The single biggest thing that slowed its *widespread* adoption was government making a coffee purchase a taxable event (i.e. defining bitcoin as property). If we weren't concerned about bureaucratic friction, we'd just spend what we must and save the rest. Like money is supposed to work. Instead, we hoard. And the dumb players crash in and crash out, creating and riding their own mania, but never really understanding anything. Screw every person — with ill will or just ignorance — that says it has no inherent value. It is technology with measurable demand. It is finite, it is impossible to counterfeit, it is instantly and safely transferrable between any two parties without a middleman, and cannot be confiscated. It also cannot be uninvented. Owning it is knowledge of characters in your head and that can never be regulated away. Again: If bitcoin is not valued at zero, then its total value should amount to the entire stored work product of the human race. Because there's no safer place to store that value. If you think that value stored in something like fiat, which can be printed infinitely, is safer, then you're with 98% of the rest of the world right now and you'll continue to resent every leap in value bitcoin makes. I'll see you at the next peak, where many more gamblers will have come and gone, but a few more who understand that fiat is garbage will be here to stay. UPDATE: Appreciate the comments, and I guess it was ultimately a post that would be polarizing. I will say I didn't post it to flex -- I explained my financial overview so you'd understand where I'm coming from and not just be another doomsayer or to-the-mooner with no context. I put moderate risk for me in relatively early, I've benefited on paper. I've neither sold at the wrong time or the right time. I just researched the tech 8 years ago, and have seen nothing over that time to suggest anything was wrong with the first conclusion that this a game-changer and store of value worth holding for the long haul. Is it a non-flex to note I drive a 10-year old POS? The thing is, you can't win. If you say you have no bitcoin, then you clearly don't believe in it. If you do have it, then apparently you just want others to fund the ponzi scheme. Something that benefits from a network effect does not mean those already participating can only have ulterior motives. [link] [comments]  | ||
| Posted: 21 Jan 2021 03:31 PM PST Is this the real bull market? Open your eyes I'm just a poor boy, I need no sympathy Because the pump easy come, easy go Mama, just bought bitcoin Mama, thought the run had just begun Mama, ooo Should have at least converted to DAI Too late, liquidation has come Goodbye everybody - I've got to go [epic guitar solo] I see a little hopium in the crypto twitter Michael Saylor, Michael Saylor, But I'm just a poor boy and none of my coins pump Easy come easy go - will you let me sell Beelzebub has a tiktok astro witch for me So you think you can dump me and spit in my eye [epic solo] Ooh yeah, ooh yeah Run is over now again Holding now till 2024... [link] [comments]  | ||
| Posted: 21 Jan 2021 01:24 PM PST The written responses from Janet Yellen's senate confirmation hearing yesterday on cryptocurrencies is much more balanced and measured than her verbal response making the headlines. [link] [comments]  | ||
| Waking up to 30k BTC and thinking - "Ahhh.. you're affordable again." Posted: 22 Jan 2021 01:56 AM PST | ||
| Posted: 21 Jan 2021 08:43 AM PST Hodl and hoardl. Buy the dip. We're not only fine, we're doing GREAT. [link] [comments]  | ||
| Posted: 22 Jan 2021 02:45 AM PST
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| Bitmex should be punished for this bullshit. Posted: 22 Jan 2021 03:55 AM PST What do you guys think about the recent bitmex FUD being spread all over the brainless clickbaity media? [link] [comments]  | ||
| Bitcoin: A Peer-to-Peer Electronic Cash System Posted: 22 Jan 2021 03:28 AM PST
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