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    Bitcoin Daily Discussion, February 15, 2021

    February 15, 2021

    Bitcoin Daily Discussion, February 15, 2021

    Daily Discussion, February 15, 2021

    Posted: 14 Feb 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.

    submitted by /u/rBitcoinMod
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    Big thanks to BTC & ETH! We don’t have big bags but we made enough to pull out a loan on our crypto to cover the deposit, moving, and new things for the 1 year lease on this beautiful spot in Dalat, Vietnam ����

    Posted: 14 Feb 2021 07:59 PM PST

    Found 0.04 bitcoin on an old hard drive dating back to 2012!!!

    Posted: 14 Feb 2021 07:20 PM PST

    Found 0.04 bitcoin on an old hard drive dating back to 2012!!!

    ​

    https://preview.redd.it/mrkd7s8b7kh61.png?width=1185&format=png&auto=webp&s=fd2f360e216e41ff9d4c9d7d64ba32845c76e9ea

    Looking as bitcoin crossed the $50k mark earlier today I was increasingly motivated to find my old stash of bitcoins back from 2012 when few people had even heard this was a thing. I recall it was the time where Mt Gox was the only real exchange around and we crowded on IRC channels as well as bitcointalk.org. In 2012 I cashed out 120 bitcoins for a grand total of 1.6k usd - which will remain the worst 'investment' ever for the remainder of my life time.

    On another note, today I was scanning all my old wallet backups and found 0.04 bitcoin, worth about 2k USD!!!

    EDIT: Found all these old transactions where I was throwing around 2.5btc like it was nothing... lol (I used to gamble on the OG bitcoin dice site called SatoshiDice and made a sweet penny from there as well)

    https://preview.redd.it/9rktvtlmmlh61.png?width=1176&format=png&auto=webp&s=572258bc6caa4473194ad97df1b362d05b443783

    submitted by /u/Cautious_Love9797
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    A bit over 10 years ago, 2 pizzas were 10000 Bitcoin. Today, 2 Bitcoin is equivalent to 10000 pizzas. The circle is complete.

    Posted: 14 Feb 2021 04:50 AM PST

    I bought 2 medium pizzas from Papa John's to celebrate.

    Edit: my first awards. Thank you kind gentlemen and gentlewomen. But use them to buy BTC instead!

    Edit 2: just for some of you who got tangled with the maths of the second part - I assumed BTC price of around 48k. 2 BTC = 96000 USD. This assumes a pizza = around 9.6 dollars. (Alright alright I took BTC at 50k, I just didn't want to jinx it). 😅

    Edit 3: LOL https://twitter.com/DocumentingBTC/status/1360971570999607299

    submitted by /u/TallFunDom
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    $50k party

    Posted: 14 Feb 2021 09:05 AM PST

    When btc crosses $50k, I am going to have a party by myself and pretend you are all there. Everyone is invited!

    submitted by /u/Kryptocoinkeepers
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    Just bought the dip

    Posted: 14 Feb 2021 06:26 PM PST

    The beauty of Dollar Cost Averaging baby!

    submitted by /u/1337garage
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    I made a painting: Institutional FOMO for magic internet money

    Posted: 14 Feb 2021 08:12 AM PST

    I have some wealthy friends that are starting to worry about having no bitcoin.

    Posted: 14 Feb 2021 03:43 PM PST

    I told them about it years ago and they ignored it. This morning they asked me where I thought the quickest place they can buy from is and they were telling me how there would only ever be 21 million.

    I think the rich are starting to fomo.

    submitted by /u/tzq555
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    Her first bitcoin <3

    Posted: 14 Feb 2021 04:56 PM PST

    It took Apple 42 years to reach a 1 trillion market cap, and just 2 years after that to get to 2. Just remember that this is an exponential curve, not a linear one. We're in for a rocky road, so hold your keys tight!

    Posted: 14 Feb 2021 12:50 PM PST

    What Will Happen to Bitcoin After All 21 Million are Mined?

    Posted: 14 Feb 2021 05:00 PM PST

    The first $1200 stimulus check is now worth nearly $9000

    Posted: 14 Feb 2021 07:39 AM PST

    London told to slash red tape and embrace Bitcoin as City moves on from EU post-Brexit

    Posted: 15 Feb 2021 03:15 AM PST

    https://www.express.co.uk/finance/city/1397936/london-news-embrace-bitcoin-city-advantage-eu-brexit-amsterdam-finance-uk-spt

    Yes, the Express is a shitrag, but it's interesting to see the mainstream Boomer tabloids getting on board.

    submitted by /u/cranberryastronaut
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    Today, 8 years ago, Reddit began accepting Bitcoin as payment ����

    Posted: 14 Feb 2021 02:57 PM PST

    On Feb 15th 2013 Reddit began accepting bitcoin as payment for purchase of 'Reddit Gold'.

    Happy anniversary! 🥳

    submitted by /u/ethan_bitaroo
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    Talking real numbers (Throw Away account)

    Posted: 14 Feb 2021 07:47 PM PST

    I'm in my 50's. First looked at Bitcoin in 2014. It was right around $600 at the time. Thought it was interesting so I looked into buying some. All the avenues to purchase seemed kind of "scammy" too me and the whole thing just felt like a possible pyramid scheme ...so I decided against it and forgot about it.

    2017 - it really started to move so I decided to do a deeper dive this time. Read the white paper...was blown away. Listened to Andreas Antonopoulos...was blown away. I decided I was going to throw 32k into the market. Bought 2.37 BTC at a little over 6k. Bought 32 ETH and 106 LTC...I put all of that in a "self directed IRA account". Sat on that to this day...but started buying more as well.

    Since then I've dumped in another 65k (over 4 years). About half of it went into GBTC via my and my wife's Roth accounts. The rest went on a ledger. Never bought anymore LTC, but have bought a little more ETH (current holding is a little over 45). The BTC is now at 8.36.

    That puts my total crypto holdings over 500k now...from a little under 100k invested. I still DCA BTC using SWAN Bitcoin...and still add to the GBTC from time to time.

    This isn't a "humble brag" there are many that have WAY more than me...including many people reading this. Its just a real world example. I'm not a trader, I buy and hold. I've been lucky to make a decent living...and lucky to dig into Bitcoin when I did...even though it could have been years sooner.

    Where it goes from here will be interesting to see. My hope is to retire after 2 more halvings (maybe 1).

    I'll leave you with a quote:

    "Every now and then, say "What the fuck." "What the fuck" gives you freedom. Freedom brings opportunity. Opportunity makes your future..."

    submitted by /u/ThrowAwayToday2067
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    Just bought 0.2 bitcoin

    Posted: 14 Feb 2021 11:08 PM PST

    Thanks for the dip !

    submitted by /u/disciplinedhodler
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    Americans Who Bought Bitcoin (BTC) With First Stimulus Check Are Up 639%

    Posted: 15 Feb 2021 01:53 AM PST

    Pre $50K hype train

    Posted: 14 Feb 2021 12:41 PM PST

    Your current exchange is not going to be able to sell you Bitcoin in the not-so-distant future

    Posted: 14 Feb 2021 07:53 PM PST

    As a reminder, here's some food for thought: Once enough companies (especially more financial institutions) start gobbling up all the BTC like a feeding frenzy of rich and starving wolves, getting your's won't just be an issue of unaffordable prices, regulations, high fees, whatever... exchanges just WILL NOT have any Bitcoin available for average retail investors like you and me. Bitcoin will be sold out all over the place. These companies have the money and resources to beat you to it, one way or another. Exchanges will solely be the middlemen for these institutions, and you're not getting a piece of their stock before a large scale company does. The supply shortage is already starting to happen, and we don't even have a very large percentage of institutions involved just yet. If, a big IF, you're even legally able to buy Bitcoin p2p, it will be outrageously upcharged in addition to its giant price tag, muuuch more than a typical p2p fee is these days, simply because of supply and demand.

    Unless you're comfortably stocked up in a private wallet before this happens, you're inevitably going to be KYC'ing yourself into the institution that has the best prices or terms for your needs. You just WILL NOT have access to buying BTC as seamlessly as you do now, or at least as close to the source (miners) as you currently have the ability to, future prices and regulations aside. Obviously at a certain point here, mining rewards will be dwindling down to fractional amounts, so with exchanges being sold out, it isn't like they're going to be getting an adequate amount of stock that you can just wait to buy at a later date. 21 million BTC, subtract roughly 3 million (and counting) lost coins through the deceased and/or people losing their keys. So, approximately 18 million BTC for the rising population of the entire globe, including retail buyers, institutions, churches (why not?), and powerful companies, both public and private. Please marinate on that. Stock up WISELY while it's early, HODL, and congrats to all of you that have your Bitcoin stored privately. I promise you are ahead of the game, no doubt.

    submitted by /u/PCP4Breakfast
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    My evolution with BTC

    Posted: 14 Feb 2021 06:11 PM PST

    1.) Buying a few hundred dollars of BTC in late 2017 and panic selling in 2018 due to not understanding the technology.

    2.) Buying BTC again after 2020 crash before the halving after realizing the halving effect was one of the driving factors for BTC's price movement in 2017.

    3.) Being nervous about BTC's price again due to fears of another crash like 2018.

    4.) Trying to ease my anxiety by watching a lot of YouTube videos about bitcoin's history and from other people in the community. Also looked into economics and the current state of affairs for the world with fiat. Through this, I started to understand BTC and did deep research for multiple months.

    5.) Stopped caring about price fluctuations and was buying as much as I could afford.

    6.) Moved a majority of my holdings to cold storage and memorized the seed (I still keep the seed written too don't worry).

    7.) Stopped watching a lot of YouTube videos because I understood and didn't need to listen to as much "noise" anymore.

    8.) Peace of mind from the government's irrational fiscal and monetary actions. :)

    It takes a while, but it's literally all about education and understanding what it really is. Huge shout out to Anthony Pompliano, Chamath Palihapitiya, and many others who educated me from YouTube and interviews.

    submitted by /u/randrand127
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    For everybody thinking the government in the US will shut down bitcoin. Think about this for a minute

    Posted: 14 Feb 2021 10:33 PM PST

    Teslas already involved, apples considering getting involved, There's talks of Twitter, Amazon, and other huge corporations.

    The media runs the entire world whether we think it or not, they have the power to ban a former president! And the only news/ information that we see is what they show us.

    My point being is that once these huge tech companies get involved, they really do have more power than the government, so if they're pro bitcoin the government will have no choice but to follow their lead.

    Not to mention the billions of dollars the government receives from these tech Giants every year. Companies run the world, not the government.

    submitted by /u/Accomplished_Dig_247
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    Dips, corrections, and consolidation are HEALTHY for the market. It gives the market room and time for further growth, stability, and is a sign of longevity. Remember nothing can go straight up 24/7, every market needs to breathe occasionally in order to grow.

    Posted: 14 Feb 2021 07:30 PM PST

    Timing the market perfectly is nearly impossible, and panic selling is how you can lose a lot of money. Just a reminder for the beginners on here. Buy, hold, accumulate, repeat.

    submitted by /u/Accomplished_Dig_247
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    for the noobies

    Posted: 14 Feb 2021 06:29 PM PST

    My Mom found out I invested in BTC...

    Posted: 14 Feb 2021 03:16 AM PST

    My boomer mom found out that I invested some of my money in BTC. Couple days ago I spoke with my dad about it because I tought I can trust him, but yesterday he told her about their sons investment. Anyway my mom thinks im a 19 y.o idiot, thinks that BTC is a pyramid scheme, invented by some rich people to scam us and she made fun of me by asking if she could "touch" the coins like real money.

    I learned my lesson: Dont talk about ur investments with other people especially about "new technologies" investments like Bitcoin.

    ​

    Edit: Sry shes not a real boomer, she has a "boomer mindset"

    Edit2: Thanks for all these comments:)

    submitted by /u/AlexTheSascha
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    Interesting to read through a 7 year old thread about Bitcoin hitting $1000.

    Posted: 14 Feb 2021 08:50 PM PST

    Just setup full node

    Posted: 15 Feb 2021 01:55 AM PST
    Read more
    at

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