• Breaking News

    Friday, April 2, 2021

    Bitcoin Daily Discussion, April 02, 2021

    Bitcoin Daily Discussion, April 02, 2021


    Daily Discussion, April 02, 2021

    Posted:

    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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    Too bad I don’t have this luck with lottery tickets, can’t complain though ��

    Posted:

    JPMorgan Adjusts Its Bitcoin Target to $130,000, Predicting Strong Institutional Adoption

    Posted:

    ������

    Posted:

    Bitcoin is showing another historical sign of a major breakout upward. Been holding its 58500-59500 price solid, with only upward hills every month. 60k tomorrow, following new ATH by this weekend....

    Posted:

    Bitcoin just had its biggest first quarter gain since 2013. And past history shows April has always been a extremely bullish month. Hold on tight!🚀🚀🚀

    submitted by /u/Accomplished_Dig_247
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    $60K!

    Posted:

    Wow, what just happened it popped to $60K very sharply!

    submitted by /u/Fear51
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    Bitcoin and chill

    Posted:

    Chasing altcoin gains was making my head spin. Now I just Bitcoin and chill. Life is good.

    submitted by /u/manalexicon
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    Coinbase going public on April 14 under ticker "COIN"

    Posted:

    There are 1,930 $1M+ Bitcoin Whale Transactions Per Day Today, Compared to 229 Per Day One Year Ago (a +743% Increase)

    Posted:

    Shall I put my life savings on Crypto? (10k) age 23

    Posted:

    A bit more context. I have been watching the markets for up to 6 months seeing the gains. I got involved 2 months ago stacking sats weekly until I've got nearly 0.1 Btc.

    I have about 10k saved in the stock market and am strongly considering lumping this into bitcoin, as from what I'm hearing the bull run is potentially only half way through so not much point waiting for dips and corrections when at the moment, there's so much demand and it seems impossible to time the market.

    I am self employed and run my own business. Make about 2.5k a month and get about 1.5k profit a month. I still live with my parents at 23 as I finished uni last year, so basically have no real commitments or anyone depending on me.

    Shall I lump it all on btc and hold it til 2025 and beyond..? Would I regret by Christmas 2021 or not..? Advice on my situation, and prediction on my regret?

    submitted by /u/willbongman
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    I like that the information come from me directly. I am now an official candidate for the second most powerful position in New York City. If someone want to write something about all the Bitcoiner running for a city position in New York city, ping me!

    Posted:

    Dear Bitcoin Enthusiasts,

    It's official! I am a candidate for Public Advocate of the City of New York. It's the second most powerful position in New York City. (https://www.mnn.org/blog/clip-week-what-does-public-advocate-do)

    I have been fighting the crypto license since it's inception. My friend Eddie is going to keep track of all the politicians over Crypto.

    https://www.youtube.com/watch?v=vfFj1LOhTkY

    Please check his twitter account and send him issue about how the #Bitlicense affect you where you are around the world. https://twitter.com/squidchronicle

    Theo Chino
    If you are an American Citizen and want to donate to my campaign: https://pubadvocate.nyc/donation

    submitted by /u/theochino
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    WARNING: If you have a BitPay Card, check your balance now!

    Posted:

    Over the past 10 hours my balance was drained with very large transactions in Malaysia and Bangladesh mostly. I only found out because I tried to use the card and it was empty! I'm flabbergasted their fraud protection system didn't catch them.

    I tried to call them on the phone at 10:15 Eastern, they had just closed. I'll keep you all posted tomorrow.

    Edit: look at these transactions. I am in California, never been anywhere close to those countries. How is it even possible that these transactions went through. https://imgur.com/a/ILx4eax

    submitted by /u/elcheapo
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    Morgan Stanley officially investing in BTC

    Posted:

    Morgan Stanley's fund has informed to the SEC that they will have exposure in BTC. Here is the link with the notice. (No April fool's joke)

    https://www.sec.gov/edgar/search/#/q=bitcoin&dateRange=custom&entityName=CIK%25200000836487&startdt=2021-04-01&enddt=2021-04-01

    submitted by /u/PlaneAdvantage5542
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    Us with a new ATH back in our sights

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    Buy domains with bitcoin!

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    Is Nexo suddenly enforcing KYC?

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    Uncomfortable realities

    Posted:

    Not investment advice.

    Right now if you are a bitcoiner you probably think: I kind of get it or I get it.

    If you a pure speculator that's bullish, you might think I don't agree with it, but I won't fight a crowd.

    The reason most are not involved is because it forces them to fake an uncomfortable set of realities. We are getting a look under the hood-and we don't like what we see. Most people do NOT want to think/talk about this.

    1. The American political system is beyond repair. It's dysfunctional and polarized to the point of all votes being along party lines. Party dissent is getting less common. This is not good.
    2. We cannot stop printing for years to probably forever. We can and will slow down but we won't stop, we must print. We must incur deficits. Even in a recovered economy, a trillion yearly deficit is common.
    3. Europe-no one knows how bad the problems really are. Could be not a huge problem, could be massive.
    4. Either the companies and people buying or they are smarter than us and see something coming. This is 08 part 2 and the smart people see the wreck coming. Are the rich all in on the stock market?
    5. The debt is going to hurt the 2022-2025 recovery. We must print more to counteract this.
    6. Massive wealth inequality is spreading. Poverty and violence are increasing. Homelessness is rampant. These are signs that point to destabilization.
    7. Wages Increase/Cost of living Increase ratio. Anything under 1 means the person is getting poorer. This is rapidly going under 1 and closer to zero for a larger and larger part of society.
    8. The only real avenue to stop this is cut expenses. There is nothing that can be cut significantly without a huge shock. 1/6 people work for the government. It costs $400,000+ to house a prisoner for 1 year in NYC.
    9. The bond market is in serious trouble if inflation picks up. SERIOUS TROUBLE. Talking 50 trillion trouble. If this recovery is great for 3 months then crashes, a serious economic slow down will force a highly leveraged consumer and corporate borrower to default. The commercial real estate will implode. The government will have less revenues, and face a problem where printing goes insane. I'm talking one time check to everyone for $5,000 insane. I'm talking 0 down 40 year home loans waive 1/2 the pmi interest insane.
    10. What's the chance the EU/Europe/China/Russia has a major conflict or a currency collapse. Will people dump treasuries? Find out on the next 6 months episodes of the world of tomorrow.
    submitted by /u/mrbiggelsworth07
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    Has it really been 2 years already?

    Posted:

    It's been 2 years since my first purchase of bitcoin and I always like to read stories of people's struggles and successes on here, so here's mine. Don't worry, it's fairly short.

    4/1/2019, I had been watching the price of bitcoin go up and down for two or three months now, finally got verified on coinbase, and made my first purchase. 0.02413919 BTC @ $4,136.78 or right around $100. That's all I could spare at the time and I figured if I could trade it day by day and make something like +$20 from it, that's really the best I could ever ask for.

    What happened next sent chills down my spine. I had studied the charts and had watched the price for months thinking I'd be ready for anything bitcoin threw at me, but as I sat there on day 1 of my new adventure, I witnessed the price jump around 25% to $5,150 in a single night. Of course the... whatever you want to call me... that I was, I sold rather early and missed out on a majority of that amazing jump.

    About 2 months went by and I continued to buy and sell during this time, learning how to read the charts better and try to predict how to make an extra dollar (and how not to quickly lose several...) Money got tight and I was ready to cash out. Think I made a profit of $80 or so overall from day trading, so of course I was insanely pleased with my little experiment.

    Hindsight is 20/20. If I had just bought into bitcoin and held the entire time, I would have made something like 2.2x what I put in, instead of 1.8x. If I had continued holding until today, it'd be closer to 14x if not a little higher... Moral of the story? HODL!!! I'm just glad I was one of the fortunate few that was able to turn a profit on day trading.

    Recently got back into bitcoin and looking forward to seeing where this technology goes from here. Can't believe it's been 2 years, but at the same time I thought it'd take decades to get to the prices we're seeing right now. Still can't say it's a great time for my wallet, but it's about time I jump back on the bitcoin rocket.

    submitted by /u/tbtaco
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    Malta to accept tax payments in Bitcoin

    Posted:

    Bullish!

    Posted:

    BREAKING: MALTA FIRST COUNTRY IN THE EU TO ACCEPT TAX PAYMENTS IN #BITCOIN

    Love it!

    submitted by /u/Dense_Peach_2739
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    Morgan Stanley files to add bitcoin exposure across a dozen institutional funds

    Posted:

    Cash out through online gambling? Or am I going mental?

    Posted:

    Let's say the local Bitcoin ATM is charging a 10% fee for turning crypto to cash, but two bookmakers (one crypto and one fiat) each offer the same sporting event, with roughly the same odds and a 5% margin.

    Could I use the crypto bookmaker to cover the less likely outcome, the fiat bookmaker to cover the more likely outcome, watch the sporting event, (probably) lose the crypto and withdraw the cash, minus 5%?

    Not to mention the sweet little bonuses both bookmakers would be vying to give me, nor the fact I could dodge taxes because "gambling winnings are tax-free"...

    submitted by /u/Rickroll_Me_If_Gay
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    So, I made this! Just finished painting a small crypto collection which I wanted to create for a looooong time ☺️ Hopefully you'll like it! Gonna make more in future, feedback/ideas welcome! Some more details in comments if anyone wants to know more about the paintings! Cheers! [Artwork]

    Posted:

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