Bitcoin Daily Discussion, February 27, 2021 |
- Daily Discussion, February 27, 2021
- To the man at the grocery store...
- Finally got up to 1% of a coin!
- I just love that the price has stabilized around 48k for this long.
- Found an old USB key...
- Used Gemini (Flexa) to pay for Baskin Robins and it was actually easier than paying with card...
- I think Elon musk should start a bitcoin mining farm with Tesla. He has all the infrastructure to build the most energy efficient bitcoin mining farm the world has ever seen.
- When did bitcoin become about simping for billionaires?
- STOP DEFENDING BILL GATES
- Bought my first Bitcoin today.
- Any other Canadians buying bitcoin because there is no alternatives?
- Anyone else have most of their net worth in bitcoin?
- Bitcoin Pizza tribute; Two pizzas for 10,000 BTC. It’s almost a legendary story by now. For many bitcoiners, it represents an important milestone in the history of Bitcoin.
- Miners Begin Accumulating Bitcoin Instead of Dumping, First Time Since Dec 27
- I’m about to make another deposit. Who’s with me?
- Me this morning after seeing all the red..
- Bought more
- "And then another time, Bitcoin went up to $58k..." - Stay strong
- Shower thought: You don‘t sell BTC, you just convert it to a weaker currency.
- After Craig Wright claims to be the hacker who robbed MtGox, MtGox victim threatens to sue Wright over stolen funds
- The months and years ahead will be so interesting
- buy buy buy
- My dad surprised me by supporting my BTC purchases.
- I finally did it!!
- Dorsey, Saylor, Winklevoss Twins Join MIT Campaign to Protect Bitcoin
Daily Discussion, February 27, 2021 Posted: 27 Feb 2021 05:53 AM 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] | ||
To the man at the grocery store... Posted: 27 Feb 2021 02:50 PM PST Saw an elderly man (maybe 65-75) today at the grocery store in a Bitcoin shirt. Didn't say anything the first time I saw him but told my wife and was like "adoption, that man gets it". Later seeing him at the checkout, I told him I love the shirt and he replied "keep stacking". That's why I'm a believer in Bitcoin bc if the older generation is starting to get on board and adapting then we have even more growth in our future, so from the guy at the store, Keep stacking. [link] [comments] | ||
Finally got up to 1% of a coin! Posted: 27 Feb 2021 05:47 PM PST Guys I'm so broke, but 50 bucks here and there from paychecks and I've got my .01 [link] [comments] | ||
I just love that the price has stabilized around 48k for this long. Posted: 27 Feb 2021 12:32 PM PST Behind a bull run...few things make me happier than when this baby stabilizes. Just had to say it, no one around me even cares. [link] [comments] | ||
Posted: 27 Feb 2021 05:22 AM PST
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Used Gemini (Flexa) to pay for Baskin Robins and it was actually easier than paying with card... Posted: 27 Feb 2021 06:56 PM PST
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Posted: 27 Feb 2021 12:15 PM PST | ||
When did bitcoin become about simping for billionaires? Posted: 27 Feb 2021 02:30 PM PST Andreas Antonopoulos brought this up in a recent podcast. Bitcoin's narrative has shifted a lot from banking the un-banked, and replacing old corrupt institutions. Now, the community is simping for these same corrupt institutions, as soon as they started pumping the price. I can guarantee, these institutions do not care about Bitcoin's censorship resistance, decentralization, or about banking the un-banked. They've just bought Bitcoin, then created hype so that their own investments can go up. These institutions will not support changes that improve privacy, as that makes it harder for regulators. They will try to "normalize" Bitcoin into traditional systems. For example, Michael Saylor has said that Bitcoin isn't meant to be used as a currency, he said its just a store of value and a gold replacement. He's trying to make it fit into traditional systems. So called "normalization of Bitcoin" is bad. People are trying to make it fit into the same institutions it was meant to replace. This institutional investment into Bitcoin is only good, if the only you care about is the price of Bitcoin. This community overall has also degraded to where all anyone talks about is these institutions, and the price. This hype cycle will eventually die out, and the people who care about price will leave. The people who care about price will sell, and then the big institutions will also panic and sell, and 2017 will be repeated. To anyone who is newly into to Bitcoin and bought hoping the price will go up, I don't want to attack you. Instead, I highly encourage you to learn more about what Bitcoin, and cryptocurrency in general is. Learn about how it works, and what problems it actually solves. [link] [comments] | ||
Posted: 27 Feb 2021 02:24 PM PST I am tired of people defending Bill Gates and saying things like, "Microsoft uses open source development and accepts crypto" or "He is looking out for small investors by warning them against volatility". Microsoft is adopting these things because their attacks against them failed. Where was Bill when small investors were getting wrecked in the stock market or losing their pensions? Where was his love for open source when Microsoft attacked open source licenses? Let's take a look at the history of Bill Gates and Microsoft regarding open source and crypto:
If I missed anything let me know and I'll add it to the list maybe. TL;DR Bill Gates does not have your best interests in mind. EDIT: For everyone pointing to Bill Gates and his philanthropy, I could do another full post about how corrupt his foundations are. He is taking resource rights away from local businesses in third-world countries and disenfranchising family owned farms. This is all paving the way for large corps to control and sell the resources of a country instead of the local population (all under the guise of feeding the world). If it was appropriate for me to post a timeline of this as well, I would. But this ain't the sub for it. [link] [comments] | ||
Bought my first Bitcoin today. Posted: 27 Feb 2021 08:04 AM PST I have been a lurker for the longest time. Finally bought my first Bitcoin today! 😄 [link] [comments] | ||
Any other Canadians buying bitcoin because there is no alternatives? Posted: 27 Feb 2021 03:39 PM PST Canadian home prices have 3x since 2006. In markets with jobs for young people houses have more than 5x in that time. Anytime asset prices in Canada are going to fall the Bank of Canada is ready to step in and lower the short term interest rate and purchase long term bonds to suppress the long term yield. Despite low unemployment, low inflation and a booming economy they wouldn't even raise rates past 1.75% in 2018/2019. This has been great for people born before 1990 as they can use their assets to get loans to purchase more assets while the debt is inflated away by the Bank of Canada. But unfortunately for people born after they have not had the same opportunity to enter the asset market because wages haven't kept up with asset inflation let alone CPI. The Bank of Canada has cheated an entire generation. They expect us to now spend 45% of our income on housing to give boomers a golden parachute to retirement. Even as rates rise they will just implement yield curve control to keep rates low. I am done with this system, I refuse to play their game anymore. I'm all in on Bitcoin, they can feel free to devalue their currency to keep bailing out asset holders but I won't be on the wrong side of that anymore. [link] [comments] | ||
Anyone else have most of their net worth in bitcoin? Posted: 27 Feb 2021 08:06 PM PST How do you justify it? I've been told many times that it's not a good idea. Still do it tho 🤪. [link] [comments] | ||
Posted: 27 Feb 2021 03:14 AM PST
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Miners Begin Accumulating Bitcoin Instead of Dumping, First Time Since Dec 27 Posted: 27 Feb 2021 04:47 AM PST
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I’m about to make another deposit. Who’s with me? Posted: 27 Feb 2021 09:22 PM PST | ||
Me this morning after seeing all the red.. Posted: 28 Feb 2021 02:45 AM PST
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Posted: 27 Feb 2021 09:01 PM PST So im stressing about the sideways trend...so I bought 5K more....lets go ...HODL [link] [comments] | ||
"And then another time, Bitcoin went up to $58k..." - Stay strong Posted: 27 Feb 2021 10:08 PM PST
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Shower thought: You don‘t sell BTC, you just convert it to a weaker currency. Posted: 28 Feb 2021 02:11 AM PST People think ‚oh i've made profit, imma sell'. You are not selling, you are most likely converting from a limited currency to a currency thats being printed on the day. It's like profiting on a Argentine Peso -> USD Forex trade. No point converting back to Peso's, just hold the USD it's much stronger. [link] [comments] | ||
Posted: 27 Feb 2021 08:45 AM PST
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The months and years ahead will be so interesting Posted: 27 Feb 2021 10:22 AM PST The economic landscape in the United States and around the World is currently in a fascinating place, and it seems as if a perfect storm is brewing:
I have no idea what will happen next. I have no idea where Bitcoin fits into all of this. We are living in one of the most interesting times in human history, and the story still has many chapters to go. [link] [comments] | ||
Posted: 27 Feb 2021 08:14 PM PST looks like a good time to buy some crypto. longterm is key. all crashes and corrections go back up [link] [comments] | ||
My dad surprised me by supporting my BTC purchases. Posted: 27 Feb 2021 06:34 PM PST I was talking to my dad today and I told him about the anxiety I was feeling watching my bitcoin investment (a modest amount) drop in value. I assumed he was going to tell me how stupid I was for buying in to something dumb and wasting my money, but he totally surprised me. "No good investment goes straight up all the time, just put it away, stop checking the value and check in on it in a few years. That stuff is future." It 100% caught me off guard that my very conservative 56 year old father would ever say something like that, and he is absolutely correct. This is an investment in the future of currency, not a day trading scheme to me. It was a good reminder. Edit: thank you, didn't realize I shouldn't disclose [link] [comments] | ||
Posted: 27 Feb 2021 02:35 PM PST I have been watching the 'falling' and rising of Bitcoin for years now. Kicking myself for not getting some earlier, but I'm finally in. I don't have much, but I'm finally in! [link] [comments] | ||
Dorsey, Saylor, Winklevoss Twins Join MIT Campaign to Protect Bitcoin Posted: 27 Feb 2021 03:35 PM PST
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