Bitcoin Daily Discussion, June 21, 2021 |
- Daily Discussion, June 21, 2021
- Mentor Monday, June 21, 2021: Ask all your bitcoin questions!
- I am buying
- MicroStrategy has purchased an additional 13,005 bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin
- Market Manipulation
- The US should print money and buy 2-3 million Bitcoin over the counter to stabilize the worlds reserve currency-then, it should disclose the investment, which would make the investment 10-50x and the US would have the strongest currency and treasury of all time
- Billionaire Steve Cohen: 'I'm Doing a Deep Dive Into Crypto, I'm Fully Converted, I'm Not Missing This'
- What happened to this sub Reddit?
- $135K for December: Stock-to-Flow Creator Lays out Bitcoin's 'Worst Case Scenario for 2021'
- "Don't buy Bitcoin, you know it's gonna crash!"
- If you didn’t sell your Bitcoin at $64,000….why in the hell would you sell now? If anything….buy some more… this is so undervalued right now. ����
- The world's largest Bitcoin computing power base was closed
- Goldman Sachs is ramping up its bitcoin trading. What this means for Wal...
- Paraguayan Lawmaker to Present Bitcoin Legislation Next Month — Aims to Make Paraguay Global Crypto Hub
- New features enabled by Taproot / things not included in Taproot [twitter thread]
- Them CCP bitches are running scared! - China urges banks to refrain from crypto transactions
- Can someone explain why does China’s crackdown on miners cause plunge in prices? Wouldn’t reduced supply increase BTC price?
- If you travel to ten years ago, would you buy a bitcoin?
- Take your Bitcoin off the exchanges
- Market crash who's selling don't worry!
- The road to Bitcoin Maximalism is arduous but it's worth it. Credit to @greglsmr.
- Understanding Bitcoin wallets (theory and practical)
- Bitcoin is bad for China’s world domination plans.
- Is Bitcoin Volatility Worth the Stress?
| Daily Discussion, June 21, 2021 Posted: 20 Jun 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]  | ||
| Mentor Monday, June 21, 2021: Ask all your bitcoin questions! Posted: 20 Jun 2021 11:11 PM PDT Ask (and answer!) away! Here are the general rules:
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. [link] [comments]  | ||
| Posted: 21 Jun 2021 03:58 AM PDT | ||
| Posted: 21 Jun 2021 05:09 AM PDT
 | ||
| Posted: 21 Jun 2021 12:09 AM PDT
 | ||
| Posted: 20 Jun 2021 10:06 AM PDT At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stable currency of all time. [link] [comments]  | ||
| Posted: 20 Jun 2021 10:57 PM PDT
 | ||
| What happened to this sub Reddit? Posted: 20 Jun 2021 11:42 PM PDT I used to come here for mental support each time btc would drop. Reading most of the posts I would feel really happy and glad that I never sold any btc I ever bought. However, recently it seems like it's full with FUD paper hands now. I'm not saying they are convincing me of selling whatsoever. It just sucks that it ruins the mood further. We are HODL Group here!! So let's accordingly!! [link] [comments]  | ||
| $135K for December: Stock-to-Flow Creator Lays out Bitcoin's 'Worst Case Scenario for 2021' Posted: 21 Jun 2021 03:03 AM PDT The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his "worst-case scenario for 2021" predictions on social media on Sunday. The analyst says there's also a "more fundamental reason" to why bitcoin prices have been dropping in June and how the month of July may see "weakness" as well. Best Case Scenario: $450K Worst Case Scenario: $135K Five months ago, bitcoin (BTC) prices went parabolic and the value of the leading crypto asset seemingly was following the well-known stock-to-flow (S2F) model. At the time, the S2F creator said: "bitcoin stock-to-flow model [is] on track… like clockwork." The price of bitcoin skyrocketed over $64K per unit but has since lost more than half that value. At the end of April, Plan B remarked that the downturn was a "mid-way dip" and stressed that "nothing goes up in a straight line." This past Saturday, Plan B further discussed the infamous death cross pattern in the BTC/USD chart and remained optimistic. Then on Sunday, Plan B gave an update on his "worst-case scenario for 2021." "Bitcoin is below $34K, triggered by Elon Musk's energy FUD and China's mining crackdown," Plan B tweeted. "There is also a more fundamental reason that we see weakness in June, and possibly July. My worst-case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K," the analyst added. Of course, Plan B make sure that people read his tweet carefully when people asked if they should disregard his model. "Please read my tweet more carefully," Plan B replied. "I said this is a worst-case scenario, not a base case, let alone best case. I am still on the S2FX track for my base case. I have explained my personal (non)selling strategy in several interviews," he added. Furthermore, someone asked Plan B: "What's the more fundamental reason?" "Great question. I [intend] to publish later this year," the analyst replied. Additionally, the popular bitcoin dubbed "Parabolic Trav" said that he likes a bearish Plan B tweet and said "Bullish." Plan B also responded to Parabolic Trav's statement and said: Plan B: 'Bitcoin Distribution Looks a Lot Healthier Now' Plan B is a popular analyst and has more than 570,000 Twitter followers. The stock-to-flow price model has also grown in popularity during the last 12 months and it is referenced often in technical analysis. Plan B has been getting a lot more criticism in recent times since bitcoin's price has been dropping lower. The sell-off, Plan B said this weekend, has led to better bitcoin distribution. "60% of bitcoins sold in May-June were bought in March-April and sold at a loss," Plan B wrote. "40% was bought earlier and sold at a profit. Of total 18.7M bitcoins ~2,5M bitcoins are bought at What do you think about Plan B's worst-case scenarios for 2021? Let me know what you think about this subject in the comments section below. [link] [comments]  | ||
| "Don't buy Bitcoin, you know it's gonna crash!" Posted: 20 Jun 2021 08:02 AM PDT
 | ||
| Posted: 21 Jun 2021 06:22 AM PDT | ||
| The world's largest Bitcoin computing power base was closed Posted: 21 Jun 2021 01:12 AM PDT Sichuan, China's last mining province, finally closed all #Bitcoin mines on June 20. This picture shows that the miners are cutting off the power of the Bitcoin mining machine, and the rows of beating green lights are extinguished one by one. [link] [comments]  | ||
| Goldman Sachs is ramping up its bitcoin trading. What this means for Wal... Posted: 21 Jun 2021 12:07 AM PDT
 | ||
| Posted: 21 Jun 2021 04:17 AM PDT A pro-bitcoin congressman in Paraguay says he will present bitcoin legislation in congress next month with the aim to make Paraguay a hub for cryptocurrency investors worldwide. His efforts follow El Salvador passing a bill making bitcoin legal tender. [link] [comments]  | ||
| New features enabled by Taproot / things not included in Taproot [twitter thread] Posted: 21 Jun 2021 05:09 AM PDT
 | ||
| Them CCP bitches are running scared! - China urges banks to refrain from crypto transactions Posted: 21 Jun 2021 03:11 AM PDT
 | ||
| Posted: 21 Jun 2021 05:56 AM PDT | ||
| If you travel to ten years ago, would you buy a bitcoin? Posted: 21 Jun 2021 12:12 AM PDT Let me travel to ten years ago, I will immediately turn on the computer and uninstall the games that made my academic performance plummet ！ I swear, I will never let these games affect my study again, I will work hard, I will start all over again While talking, I opened Google and typed in: how is it Ability Mining with Bitcoin. [link] [comments]  | ||
| Take your Bitcoin off the exchanges Posted: 20 Jun 2021 11:30 AM PDT This is very important. There are hundreds of million of people who own Bitcoin, but there are only 53 million wallets. Link to site showing number of wallets: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html Given that exchanges and whales each have dozens/hundreds of wallets, it's likely that only 25 million unique people have Bitcoin wallets.
Take 10 minutes to get a free soft wallet (Exodus, Coinomi, etc.) or hard wallet (Trezor, Ledger, etc) and MOVE YOUR BITCOINS OFF EXCHANGES.[link] [comments]  | ||
| Market crash who's selling don't worry! Posted: 21 Jun 2021 05:43 AM PDT It's the miners that are switched off and get liquidated. They are highly leveraged on credit and have to pay back their loans which are immediately called due. They have to sell all they have during the next nights. In China we can expect many to get imprisioned. But the reason is that China wants to promote their own centralized coin. They try to combat freedom and aim to control and protocol every single payment now and for the time beeing. But that's no problem for Bitcoin. The network difficulty will automatically be adjusted. It leads to lower energy consumption, lower hash rates, lower processing time and fee. A decentralized chain can not be controlled. The internet can not be switched off. China can not succeed with this attempt. The price moves are unpredictable for now. They could even go under 10.000 again. But it's the time to buy, to keep and to hodl. It's healthy for the coin. I expect it surpass 100.000 $ within one year. [link] [comments]  | ||
| The road to Bitcoin Maximalism is arduous but it's worth it. Credit to @greglsmr. Posted: 20 Jun 2021 04:01 PM PDT
 | ||
| Understanding Bitcoin wallets (theory and practical) Posted: 21 Jun 2021 03:13 AM PDT
 | ||
| Bitcoin is bad for China’s world domination plans. Posted: 20 Jun 2021 12:30 PM PDT I'm throwing darts here but would be awesome if someone did the research. Just from growing up loving to play every type of strategy game devised, China is on a path to world domination, and they are realizing that Bitcoin is a factor they didn't take into account for their 100 year plan to world control. Typically to "win the game" you first collect as much resources as possible. (World reliance on manufacturing) Then you start taking other's resources from them. (Foreign investment in land and currency) Lastly when the rest can no longer afford to replenish their resources, it's easy pickings to snap up more territory. (China is Currently flexing military power on the world stage) As I see what has happened over the last 30 years in Geo-politics. It's pretty close to what China has been employing. Having a currency they are unable to manipulate, or control, available to the world. Puts a major thorn in the side of the plan to world domination. Unfortunately for them it's too late, the genie is out. Bye-bye centralized manipulations [link] [comments]  | ||
| Is Bitcoin Volatility Worth the Stress? Posted: 21 Jun 2021 12:20 AM PDT A friend of mine bought Bitcoin close to an all time high. I warned him not to buy anything at an all time high, but he wouldn't listen to me. He thought Bitcoin correction would never come and the price would hit 100,000 within weeks. Well, he was wrong. Since Bitcoin crashed, he has been very anxious. He told me he spends most of his days analyzing charts hoping to find a line or pattern that would propel Bitcoin higher so he could get his money back. He also developed a jerking off addiction, because he thinks it helps him relieve stress. What he doesn't understand is the fact that jerking off helps only temporarily. Doing it too much places more stress on the body on top of crypto crash stress that he is already dealing with. Looking at how miserable he is, I ask everyone: IS IT WORTH IT? IF Yes, why? IF No, why? Please elaborate. [link] [comments]  |
![New features enabled by Taproot / things not included in Taproot [twitter thread]](https://external-preview.redd.it/S27CFYXiPf3sG8sMmD3nm-t_dOEnEBYwTd58OfSayQU.jpg?width=108&crop=smart&auto=webp&s=dc3a787b871c5b388eccac0b90993598234e5fe1 "New features enabled by Taproot / things not included in Taproot [twitter thread]")
![[link]](https://i.redd.it/0y3lxh5f4i671.png){kind=link}
| You are subscribed to email updates from Bitcoin - The Currency of the Internet. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment