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    Home Unlabelled Bitcoin Mentor Monday, February 01, 2021: Ask all your bitcoin questions!

    Bitcoin Mentor Monday, February 01, 2021: Ask all your bitcoin questions!

    February 01, 2021

    Bitcoin Mentor Monday, February 01, 2021: Ask all your bitcoin questions!

    Mentor Monday, February 01, 2021: Ask all your bitcoin questions!

    Posted: 01 Feb 2021 03:00 AM PST

    Ask (and answer!) away! Here are the general rules:

    • If you'd like to learn something, ask.
    • If you'd like to share knowledge, answer.
    • Any question about Bitcoin is fair game.

    And don't forget to check out /r/BitcoinBeginners

    You can sort by new to see the latest questions that may not be answered yet.

    submitted by /u/rBitcoinMod
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    Daily Discussion, February 01, 2021

    Posted: 31 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.

    submitted by /u/rBitcoinMod
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    WE LIKE THE COIN

    Posted: 31 Jan 2021 11:50 PM PST

    Spotted in Glasgow, Scotland. ����

    Posted: 31 Jan 2021 02:29 PM PST

    Elon in interview: "I'm late to the party, but I am a supporter of Bitcoin... I think Bitcoin is on the verge of getting broad acceptance by conventional finance." (comments around 1hr mark in video)

    Posted: 31 Jan 2021 10:50 PM PST

    Please stop comparing bitcoin to GME and suggesting a short squeeze

    Posted: 31 Jan 2021 11:43 PM PST

    Bitcoin has a 1% short interest. GME had a 140% short interest. That's how the squeeze worked there. Also, bitcoin has a $600B market cap, and most/all of the shorts are done with futures/CFDs that could maybe be cancelled. So it wouldn't work with BTC.

    Also, this is an insult to Bitcoin. Bitcoin does not need your help with some kind of artificially induced pump or scheme. Bitcoin is not a meme stock to toy with. Bitcoin is the future of money. Bitcoin actually has fundamentals and networking to support its price growth. In 5 years, Bitcoin will probably still be holding this level or higher and going up. We don't need investors hearing that bitcoin is a game and has to be manipulated in order to go up.

    So please leave your wsb autism at the door and stop comparing bitcoin to gme in any way or suggesting a "short squeeze" play.

    Of course, if you like the coin, then feel free to buy and 💎 🙌 💎 🚀 🚀 🚀 🚀 🚀

    submitted by /u/tesseramous
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    To all the WSB people scrolling through here for the first time. We welcome you and your diamond hands.

    Posted: 31 Jan 2021 06:04 AM PST

    What GME did to hedge funds, BTC has been quietly doing to Central Banks and Governments for 10 years, they just don't know it yet.

    Thank you for waking up and becoming a part of the revolution, we applaud your efforts in fighting our ownership class.

    As you start interacting here know that we still love you, even if you aren't ready for things like a hardware wallet or private key storage yet. Some of us are just really hardcore about that. They are awesome people full of great information when you are ready to go down that road.

    As you get to know us you will find our hands aren't diamonds they are the collapsed star material that makes up a black hole. We use Satoshis to measure our wealth, not dollars. Telling us to hold our positions is like telling a fish to swim, we don't know anything else.

    ​

    ​

    Edit:

    ​

    Edit2: Removed previous edit and made comment. Satisfied Mods?

    submitted by /u/RookXPY
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    London baby

    Posted: 01 Feb 2021 12:14 AM PST

    Bitcoin billboard in London!

    Posted: 31 Jan 2021 06:28 PM PST

    Elon Musk Admits he Likes Bitcoin on Live Interview

    Posted: 31 Jan 2021 11:01 PM PST

    Elon Musk: "I am late to the party but I'm a supporter of Bitcoin and I think Bitcoin is really on the verge of getting broad acceptance by conventional finance people"

    Posted: 31 Jan 2021 11:19 PM PST

    Something tells me this week is going to be wild...

    Posted: 31 Jan 2021 03:56 PM PST

    WE LIKE THE COIN!

    Posted: 31 Jan 2021 04:16 PM PST

    Hey my wsb friends, I know some of you already have some bitcoin, but I imagine lots of you are just starting to learn about it, so I'm going to borrow your meme for a second to explain why I like the coin, and I hope that resonates with you, because your message sure resonated with me.

    1) The coin is yours. Like all of this bullshit we are seeing with the trade being shut down arbitrarily, and blatant manipulation, many of you will realize that your stake in the current system is not even really yours, the dollar is just a number on their database, and unfortunately the GME stock is also just a number on their database. With the coin, your stake is on our database, that's the power of the open and decentralized system, and is a paradigm shift.

    2) The coin is democratic. I know that today in the developed world we are mainly using it as a kind of investment, but in many places people are benefiting from the open nature of the system and are actively using it to escape authoritarian regimes like Venezuela, and completely stupid governments like Argentina, as well as being used by popular movements like in Nigeria. Either way, the coin is a win win for everyone, rich or poor.

    3) The coin is inclusive. The coin doesn't care about your gender, nationality, ethnicity, religion or employment status. Everyone is welcome to participate.

    4) The coin is free. The idea of freedom is central to bitcoin, unlike fiat you are not forced to use it, yet millions of people are coming together and voluntarily adopting it, in a big display of freedom of choice, and in my view also a peaceful protests against the current institutions, you can opt-out of the current system.

    I hope that you join us, and HODL strong with 💎🙌.

    GME is a battle, Bitcoin is the war.

    submitted by /u/brunonardi
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    More than 200,000 subscribers in 4 days

    Posted: 31 Jan 2021 02:26 PM PST

    Four days ago, r/Bitcoin reached 2m subscribers. https://www.reddit.com/r/Bitcoin/comments/l6e57r/2m_subs/

    Now the number has exceeded 2.2m.

    The great awakening is happening.

    submitted by /u/exab
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    Friendly reminder. Hedge Funds are short nearly $5B of Bitcoin right now.

    Posted: 31 Jan 2021 05:28 PM PST

    Buy BTC and HODL. Nuke those who dare to short BTC!

    submitted by /u/templetonmor
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    Are you ready?

    Posted: 01 Feb 2021 01:05 AM PST

    Apple and Google should make there own Bitcoin wallets and allow it to be spent on Apple/Google Pay

    Posted: 31 Jan 2021 12:17 PM PST

    This is a great idea and would allow Bitcoin to be spent wherever there is a contactless payment symbol, which is like everywhere nowadays. This would also make it more extremely more valuable. Who thinks this a good idea?

    submitted by /u/richardr1126
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    Am I crazy or is Visa’s crypto announcement the big news that is getting drowned out by GameStop’s noise?

    Posted: 31 Jan 2021 07:11 AM PST

    Australia’s Largest Exchange to Delist Bitcoin SV (BSV) Over ‘Bullying’ Threat to Bitcoin Developers

    Posted: 01 Feb 2021 01:28 AM PST

    Please don’t buy Bitcoin from Wirex! Wirex is a total scam please be aware of fraud

    Posted: 31 Jan 2021 05:53 AM PST

    I've had Wirex since last October and was pretty pleased with the service as I could exchange foreign currencies with bitcoin and could use my Wirex VISA debit card literally anywhere in the world. As I slowly gained trust over the system, I have put a ton of money into my Wirex debit card (over 15000 USD) and even invested in their crowdfunding campaign. But then, this past month, all of a sudden, they've blocked my account miraculously and so I couldn't get access to my funds in the card. I tried contacting customer service but there isn't really a customer service hotline to call and they never once responded to my emails. So, I think I've lost 15000 USD in total.

    What I've read online (which I really should have done before) is they're probably pulling an exit scam. Gaining good ratings through smaller accounts while blocking bigger accounts with larger $$. I've read other dodgy things about them.

    Reported this incident to the London Police and Financial Ombudsman. Hopefully, I can get my funds back but I think it's gonna be a fight.

    Only bitcoin based companies I trust so far is Coinbase but please be aware of financial companies claiming that they sell bitcoin especially with the recent Bitcoin Frenzy. Research research research!

    submitted by /u/Flamingo2k
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    Elon musk on live stream talking about bitcoin

    Posted: 31 Jan 2021 10:41 PM PST

    Cat And BTC Mania

    Posted: 01 Feb 2021 12:48 AM PST

    Thought you might like this �� ! TO THE MOON custom AF1s - what do you think?

    Posted: 31 Jan 2021 08:16 PM PST

    Hodling bitcoin made me realize that the profit was just a bonus, the real take away for me was the experience, the hurdle and the fun I had. It gave me small glimpse of the future. Crypto is the future, and I reckon it's inevitable.

    Posted: 31 Jan 2021 06:08 PM PST

    The Blockchain technology, the nodes, the hard wallets, the memes, it's just genuinely fun!

    It made me a lot more mature virtual/digital wise.

    To all new comers, welcome and have fun. The best time to experience it is now.

    It's honestly worth it.

    submitted by /u/Jhagermeister
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    You're never buying and selling Bitcoin.

    Posted: 01 Feb 2021 02:56 AM PST

    What you're actually doing is gaining or losing incremental liberty positions.

    submitted by /u/xReducks
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    bitcoin is the weapon of choice for weaponized autism

    Posted: 31 Jan 2021 03:37 PM PST
    Read more
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