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    Bitcoin Daily Discussion, May 01, 2021

    Bitcoin Daily Discussion, May 01, 2021


    Daily Discussion, May 01, 2021

    Posted: 30 Apr 2021 10:08 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.

    submitted by /u/rBitcoinMod
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    Bitcoin is back at $58,000 and dancing on the graves of bears!

    Posted: 30 Apr 2021 04:54 PM PDT

    If we break $59,500 by tonight it will be bitcoins 7th green month in a row

    Posted: 30 Apr 2021 12:32 PM PDT

    For the first time in history. Last month was the 6th green candle in a row which hasn't happened since 2012- 13 bull run, seven would be historical. Let's make it happen🚀

    submitted by /u/Accomplished_Dig_247
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    "You bought in 2020? Wow, you got in so early!"

    Posted: 30 Apr 2021 06:52 PM PDT

    This is what a friend told me. I bought back at $9k in 2020 and at the time I was quite nervous and questioned if I was buying at the right time. I watched it go up to $12k and then drop down to $10k. At that time, it was stressful.

    This post is for anyone who is questioning if they are getting in at the right time. In a few years, people will say, "You bought in 2021? Wow, you got in so early!"

    submitted by /u/the_buddy_guy
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    Bitcoin-Lightning powered help for the Covid crisis in India

    Posted: 30 Apr 2021 03:11 PM PDT

    Help India fight the Covid emergency!

    With the Covid-19 situation escalating in India faster than anyone expected, an unprecedented health crisis arises.

    We decided to build covid.lastbit.io to help the crypto relief fund in India, with the mission to help them alleviate the Covid crisis in India by helping them get funds to provide healthcare and essentials to those suffering from the pandemic.

    We built the site on top of the Bitcoin Lightning Network which means we enable anyone to donate anything starting from a few sats or cents. This wouldn't be possible without this technology.

    Help us help them. Every sat counts.

    Let's show the World what this community stands for!

    submitted by /u/Mr-Procrastinator
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    We are still early. Bill Maher ignorance and hate to the masses.

    Posted: 30 Apr 2021 11:00 PM PDT

    Imagine if you could just scan a QR code to transfer money

    Posted: 30 Apr 2021 07:52 PM PDT

    Transferred Bitcoin to my own hardware wallet for the first time!

    Posted: 30 Apr 2021 05:23 PM PDT

    My first satoshis were owned on Robinhood, until the GME fiasco, I then removed all of my assets, including bitcoin from Robinhood and I've been using Blockfi for crypto. I recently bought a hardware wallet for some extra security and eventually Blockfi changes some of their terms made it worthwhile for me to withdraw some of my bitcoin to a hardware wallet, now stored in a safe place.

    Every day I am more and more into this crypto world and especially bitcoin. For once I feel like I'm way ahead of the curve.

    submitted by /u/Point_Accurate
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    I became my own bank today

    Posted: 30 Apr 2021 08:06 PM PDT

    This feels wierd...like im a criminal? It's just wierd that no one can access it. No one can take it. I actually own something that no matter how powerful banks are, it's mine.

    It's growing on me.

    submitted by /u/Marxism69
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    Ashton Kutscher and Mila Kunis seem to be big BTC HODLers. (Interview on Stephen Colbert)

    Posted: 30 Apr 2021 06:37 AM PDT

    My free $10 of Bitcoin from my Coinbase I forgot about is now worth over $1200

    Posted: 30 Apr 2021 07:45 PM PDT

    A warning to new investors and some very important advice.

    Posted: 30 Apr 2021 11:44 AM PDT

    PLEASE be incredibly wary of the massive influx of Youtube Crypto Gurus who are selling you their "TA"/analysis, often with manufactured and over excited speech.

    Many of you have just started out investing in Cryptocurrency.

    Congratulations! You are a relatively new adopter.

    Naturally you are seeking guidance about investment strageies; for example, "Which coins should I invest in?" "When is the best time to buy?" "Which technical charts should I look at if I want to Day Trade"

    Stop.

    Right

    There.

    Investing in crypto is an incredibly simple process.

    • Buy Bitcoin. (Dollar Cost Average)
    • Hodl it for as long as you can.
    • When there is a dip. Buy more.

    That's it. Technical analysis ONLY benefits the people who are selling it to YOU. You cannot predict this market with exotic sounding extensions. Read more about why TA doesn't work in Crypto, if you want to learn more.

    The sharks and manipulators will encourage you to sign up for their ultimately useless classes and use their BONUS codes to sign up for devastating leverage trading on various platforms which WILL eventually leave you with nothing. But why? Well, There is a reason why they push this in EVERY video they make.

    They want YOU, the naive newcomer to make moves and trade as much as possible using bonuses they have available on certain sites and to sign up to their classes which DO NOT WORK.

    They want encourage you to trade and make THEM money. It's a very obvious game and it nets these disgraceful people hundreds of thousands, if not millions in referral revenue, donations and sign ups.

    Bitcoin is a FANTASTIC investment, but that's all you have to do.

    • Buy (Dollar Cost Average)
    • Hodl.
    • Buy Dips.

    That's it. Please do not get scammed.

    I have seen too many innocent victims fall for these ridiculous Yutubers shilling strategies only to line their pockets.

    Watch these videos for entertainment purposes only. TA in Crypto is essentially, Astrology. Read and keep aware of what's happening in the world and the markets IF you are a trader. But, again. Don't trade. Buy. Hodl. Wait.

    You have the same odds using a Ouija bored to predict what is happening, but you have almost a guranteed success rate if you just buy and hodl.

    Buy Bitcoin. Zoom out. Relax and wait.

    Stay safe.

    submitted by /u/NextFlan
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    If i die with my Coins...

    Posted: 30 Apr 2021 04:35 PM PDT

    Id say every HODLer should give a copy of their seedkey + instructions to a VERY TRUSTED loved one. In case i ever pass away i want my mom to be living good. My kids to be living great one day (i dont have any yet)... Generational wealth is my personal goal. Ppl invest for different reasons tho. Thoughts? #btc

    Do you think Giving your Seedkey to a Loved One is a bad Idea? I personally know what family members would never ever try to take my money and would strictly only use it in case of tragedy.

    submitted by /u/Fadeawzy
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    I made what I make in a day at work on crypto today! I also got paid time off! Double Win!

    Posted: 30 Apr 2021 06:18 PM PDT

    Today was a good day financially! I am so fortunate to be aware of our world at this time!

    submitted by /u/lexcon81
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    1st Overall pick of the 2021 NFL draft Trevor Lawrence to receive entire signing bonus in Bitcoin

    Posted: 30 Apr 2021 06:56 AM PDT

    Very Bullish. Love the mainstream exposure!

    submitted by /u/whatthe12234
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    When will the US Dollar start collapsing? We're already in the middle of it! Must watch this video, times running out. The numbers are terrifying, 75% of all money was minted since 2020

    Posted: 01 May 2021 01:52 AM PDT

    The Grayscale Bitcoin Nice Rock Commercial

    Posted: 30 Apr 2021 05:13 PM PDT

    bitcoin graffitis - switzerland

    Posted: 30 Apr 2021 12:44 PM PDT

    This is why we Bitcoin

    Posted: 30 Apr 2021 06:36 AM PDT

    10 years today, Satoshi sent his last message. Let's celebrate it buying more BTC!

    Posted: 30 Apr 2021 01:01 PM PDT

    Helped my wife invest in BTC

    Posted: 30 Apr 2021 10:53 PM PDT

    a few months ago I helped my wife invest 500 in BTC I checked today it's worth 1200 now I told her and she said " oh I haven't heard anything about bitcoin lately I thought everybody is talking about COVID vaccine" I'm like " what you talking about???" Of course I didn't say anything because she's my wife but I thought it's hilarious

    submitted by /u/Blades_61
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    You guys asked for it so here you go - I put together a video on how to code your first bitcoin trading algorithm in Python

    Posted: 30 Apr 2021 10:18 AM PDT

    mmmm #Bitcoin

    Posted: 30 Apr 2021 10:35 AM PDT

    New Rule: Crypto Mania! | Real Time with Bill Maher (HBO)

    Posted: 30 Apr 2021 08:06 PM PDT

    The same posts all the time

    Posted: 30 Apr 2021 01:28 PM PDT

    I am really really new to Bitcoin and crypto, but I do my own research and ask specific technical questions when I need to to understand things.

    But jeez...the number of posts recently that ask questions like "should I invest in crypto now or is it just about to dip again?" Or "when is the right time to invest in bitcoin? Will it drop soon? Should I buy then?" I really despair.

    I'm not like a protective fanboy that doesn't want fake people to like their band, but honestly, the number of times these questions are asked I just feel like saying:

    "If you don't understand it, don't get involved. It's not a get rich quick scheme. It's investment. It's a belief in the technology and the implications of what that means. It is much bigger and deeper than buying APPL stock. There is no "time" to buy bitcoin, it's a choice and a commitment you have to how we should structure our economic life. Or whatever, buy next Tuesday because it's going to dip." 🙄

    EDIT: I appreciate all your comments, especially from those who are more experienced. I apologise for punching down, which is kind of what this post was doing. I'm not in this to segregate, I'm in this to do something together. I'll keep loving. Patience and acceptance. Thank you to those who have called me out in some way.

    submitted by /u/oresearch69
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