Bitcoin Daily Discussion, April 29, 2021 |
- Daily Discussion, April 29, 2021
- My Wife And I Have Become Bitcoin Laughstocks �� ❌
- Fuck Yes !!!! I am on the ballot as a Democratic Party candidate in New York City !!!! Help me get elected and I will fuck with the Bitlicense !!!!
- Big tech doesn't want you to know about Bitcoin adoption in China
- Hacking challenge with a 1.7M satoshi reward
- Visualization : THIS IS ONLY 0.91 BTC!
- CEO Of Morton's, Bubba Gump Shrimp, Says Restaurants Will Start Accepting Bitcoin This Week
- Murphs going to war with BTC, Aussie Crypto Shillionaire, Strayacoin mate! (Satire)
- If you are reading this, you an early bitcoin adopter.
- If you had the money would you buy a full bitcoin today?
- A Tesla Theory
- It's never too late to buy and it's always too early to sell.
- Top Bitcoin Whale Addresses Have Cumulatively Added 90,000 BTC ($4.92B) Since April 5th
- How market cap works, and the reason Bitcoin will DOUBLE in price overnight. (HODL)
- 'Damn Huge': Germany Opens Up to Institutional Crypto Funds
- As Fed Commits To Holding Interest Rates At 0%, More Investors Will Turn To Bitcoin
- Just made this unbreakable bitcoin sign for my store! What do you guys think?
- Popular German neo-broker starts crypto trading
- Grayscale's Drop Gold For Bitcoin Commercial
- If we close the month with 58.7k usd, it will be a historical moment for bitcoin with 7th green candle close
- Why crypto is not for everyone...but Bitcoin is
- People are so clueless about bitcoin and crypto.. we're still so early!
- So you think you are late to the party?
- Bitcoin Is Worth More Than Double All US Gold Reserves
- Tesla’s Bitcoin Stash Now Worth $2.5 Billion, SEC Filing Shows
| Daily Discussion, April 29, 2021 Posted: 28 Apr 2021 10:06 PM PDT 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]  | ||
| My Wife And I Have Become Bitcoin Laughstocks �� ❌ Posted: 28 Apr 2021 11:14 AM PDT Recently, my wife and I bought a chunk of Bitcoin after years of discussing it between ourselves. The other night we were in the HouseParty app with 3 other couples. Of those 6 people, 4 are firmly entrenched in the legacy banking system. While we haven't disclosed the amount we actually put into Bitcoin, we did acknowledge to them we decided to buy. Big mistake. For the next hour we were subject to constant jokes. Wherever there was a jab to be made, it was quickly converted to a Bitcoin joke and directed our way. All 6 of them relished greatly in it. We are good sports and laughed along. At one point, I began to genuinely laugh with them. Not because the truth of their jokes were funny, but rather I was laughing at them as they laughed at us. Why? Because Bitcoin is real. They can laugh all they want. What's more hilarious is how clueless they really are. I hope you'll join me in laughing at those who laugh at us. Let the haters hate and HODL on. I don't normally talk like this... but, HFSP. Had to vent. Thanks for listening. EDIT: Whoa. Have never had something blow up like this. Just wanted to vent as mentioned - didn't realize it would connect like it did. It sounds like most of us feel the same frustration. In that regard, I appreciate the kind notes and encouragement. I do genuinely believe we are all on the right path and hope it works for us as intended. It's nice to feel the support of such a great community. Thank you for the upvotes and awards. Oddly satisfying. Keep ignoring the ignorant and stacking Sats! [link] [comments]  | ||
| Posted: 28 Apr 2021 02:12 PM PDT
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| Big tech doesn't want you to know about Bitcoin adoption in China Posted: 29 Apr 2021 12:32 AM PDT
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| Hacking challenge with a 1.7M satoshi reward Posted: 28 Apr 2021 06:03 PM PDT I'm working to develop an algorithmic code methodology which will be "easy" to code and arbitrarily difficult to hack. My ultimate goal is to provide a framework to create smart contracts without a need for anything like the Ethereum blockchain. In order to test this I provide hacking challenges with BTC private keys embedded in hackable lock boxes. My latest challenge is labeled 4.0 and you can find all the details here: ---------- Update ----------- Ethereum provides a hack proof way to run algorithms at great cost. The algos running on the Ethereum blockchain are hack proof because they are independently verified by nodes on the network. It is thought to be impossible to create actual hack proof code. That's why you need something like Ethereum. However, I have a software methodology whereby it becomes VERY hard to run algorithm code in the WRONG way. That's the nature of hacking an algorithm. It is not necessary to make an algorithm absolutely impervious to hacking, merely to make it so expensive to hack that the value which the algorithm represents or protects is safe. Reports on many past challenges are available at this website as well. [link] [comments]  | ||
| Visualization : THIS IS ONLY 0.91 BTC! Posted: 28 Apr 2021 03:28 PM PDT
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| CEO Of Morton's, Bubba Gump Shrimp, Says Restaurants Will Start Accepting Bitcoin This Week Posted: 28 Apr 2021 09:46 AM PDT
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| Murphs going to war with BTC, Aussie Crypto Shillionaire, Strayacoin mate! (Satire) Posted: 28 Apr 2021 09:18 PM PDT
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| If you are reading this, you an early bitcoin adopter. Posted: 28 Apr 2021 11:27 AM PDT Don't worry about being late to the party because you are not. [link] [comments]  | ||
| If you had the money would you buy a full bitcoin today? Posted: 28 Apr 2021 03:30 PM PDT Like the title says, If you had the cash in the bank right now would you stick it all in bitcoin, or would you split it up between bitcoin and a traditional IRA? Why or Why not? [link] [comments]  | ||
| Posted: 28 Apr 2021 07:18 PM PDT So, when I first heard of Tesla selling 10% of their Bitcoin stake, I was conflicted and didn't know how to take it. This was even after seeing Elon's Twitter response stating that this was proof of liquidity. I slept on it. I do my best thinking while sleeping. And I woke up without conflict in my mind. In fact I was quite excited (no, not in that way!). Here's my theory: Elon is a very, very smart man. In 2018, he negotiated with the board a compensation plan that included no salary but provided for the option to acquire Tesla shares based on a schedule that includes 12 tranche's that are unlocked based on Tesla's performance. Upon unlocking the final tranche, he would beneficially own (including shares he already owns) 28.3% of the outstanding TSLA shares (~$188Bbased on today's prices!). Now Elon has basically met these requirements, the biggest goal was to get TSLA to a $650B market cap, and they're at $666B now. To unlock the remaining 6 tranches, he basically has to hodl their market cap above $650B for a period of time. So let's say you are a smart Elon. You see power of Bitcoin in the face of the most fragile and manipulated economy to ever exist in the history of man... You see the growing competition in the electric vehicle space... You want to not only maintain your current market cap but smash it to the moon. You go to your board and tell them you want to convert a significant portion of their $20B war chest into Bitcoin. Now Elon wants to buy A LOT ("Are such large transactions even possible?"), but based on discussions, some goal posts are put into place (eerily similar to his compensation schedule). Their first purchase must be limited to $1.5B. It must hodl it's value over the length of a quarter AND must prove to be liquid in case TSLA needs the cash. These goal posts have been met. Perhaps there's a few more that we're not aware of... But if the theory hodls true, meeting those goals will lead to LARGE future purchases of Bitcoin to add to their treasury.... But this is just my humble theory and your thoughts appreciated! [link] [comments]  | ||
| It's never too late to buy and it's always too early to sell. Posted: 28 Apr 2021 09:18 PM PDT A simple rule that sums up all the advice you will get on this sub. [link] [comments]  | ||
| Top Bitcoin Whale Addresses Have Cumulatively Added 90,000 BTC ($4.92B) Since April 5th Posted: 28 Apr 2021 06:35 PM PDT
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| How market cap works, and the reason Bitcoin will DOUBLE in price overnight. (HODL) Posted: 28 Apr 2021 04:45 PM PDT Earlier today I read Lyn Alden's article about how market caps and the price of an asset is set: (https://www.lynalden.com/market-capitalization/) The tl;dr for the article, is that for a one trillion dollar asset to go to two trillion dollars, and by extension DOUBLE in price, an additional one trillion dollars of fiat does not need to flow in. It is possible that only 10B of fiat could flow in, and the price and market cap of Bitcoin could potentially double. The only thing that matters is the price that people are willing to sell, and the price which people are willing to buy. What is going to take us to $100k+ in 2020 is likely to be a sharp move upwards, instead of a slow crawl like we have been experiencing. How you might ask? Suppose a traditional mega-corporation like Wal-Mart, a sovereign wealth fund, or a central bank in came out and announced that they now had a Bitcoin position. Almost immediately we would see a massive price appreciation which could be upwards of 100%. Why is this? Well, within a few hours of the news, HODLers, would be instantly validated, feel like the Bitcoin prophecy is coming true, and would be unwilling to sell my own bitcoin for anything less than $100k/coin. Meanwhile, buyers, sensing that they are late to the party, and also feeling safer about taking a larger position now that X has purchased, would start to fomo in, and the notion they held just hours before of "$50k is too expensive" would be replaced by "$100K is a good price!" I know this sub talks about it alot, but you can view this as another reason why it is critically important to HODL your Bitcoin, and not trade in and out of it. The price appreciation will come sharply, and seemingly out of nowhere. You do not want to be in the middle of trading shitcoins when this white swan event inevitably happens. [link] [comments]  | ||
| 'Damn Huge': Germany Opens Up to Institutional Crypto Funds Posted: 28 Apr 2021 11:15 AM PDT
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| As Fed Commits To Holding Interest Rates At 0%, More Investors Will Turn To Bitcoin Posted: 28 Apr 2021 01:29 PM PDT
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| Just made this unbreakable bitcoin sign for my store! What do you guys think? Posted: 28 Apr 2021 03:05 PM PDT
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| Popular German neo-broker starts crypto trading Posted: 29 Apr 2021 02:41 AM PDT Trade Republic is a very popular neo-broker which will enable crypto trading in the following days. It will probably not impact the market too much but it is still a good sign. [link] [comments]  | ||
| Grayscale's Drop Gold For Bitcoin Commercial Posted: 28 Apr 2021 08:56 AM PDT
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| Posted: 28 Apr 2021 07:22 PM PDT Base on Coinbase BTCUSD chart, a 7th monthly green candle never happen before in the history of bitcoin. What will happen if we print a 7th green candle? [link] [comments]  | ||
| Why crypto is not for everyone...but Bitcoin is Posted: 29 Apr 2021 02:02 AM PDT
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| People are so clueless about bitcoin and crypto.. we're still so early! Posted: 29 Apr 2021 01:34 AM PDT People are so clueless about bitcoin it's mindboggling for those who have been in it and around it for years and years.. it makes you realise we're still so early.. Tesla bought 70k bitcoins, Michael Saylor bought 90k bitcoins, so many other big and small companies and high net worth individuals bought it and speak good things about it, Jack Dorsey and Square are building around it and believing in it, ETFs are about to be approved all over the place, big traditional investors are coming in, heck there are several politicians in the US that believe in bitcoins future.. there are so many exciting new developments, new platforms, new technologies, new services that are constantly being built.. But nothing of all this matters. Outsiders will stay outsiders. They just don't care, their prejudice is too strong. We know it because we all were there at some point, thinking it's a scam, that it will be outlawed, that it won't work etc. But get ready folks because (in my opinion) things are about to change, after a slow and steady grind things will change suddenly and all at once. Just my 2 sats.. keep stacking 'em up! [link] [comments]  | ||
| So you think you are late to the party? Posted: 28 Apr 2021 04:06 PM PDT https://www.bbc.com/news/technology-56844813 Push the button "Show Comments" Try to find the positive one and then consider from the other comments who is the man reading the technology section on BBC.com who takes some minutes from his precious time to warn the world about this dangerous ponzi scheme/tulip mania. And then, consider who are the other people NOT reading the technology section on BBC nor anywhere else. If you are here, reading this line, you are a pioneer! "Think of how stupid the average person is, and realize half of them are stupider than that." ― George Carlin [link] [comments]  | ||
| Bitcoin Is Worth More Than Double All US Gold Reserves Posted: 28 Apr 2021 01:01 PM PDT
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| Tesla’s Bitcoin Stash Now Worth $2.5 Billion, SEC Filing Shows Posted: 28 Apr 2021 05:11 PM PDT
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