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    Bitcoin Daily Discussion, July 11, 2021

    Bitcoin Daily Discussion, July 11, 2021


    Daily Discussion, July 11, 2021

    Posted: 10 Jul 2021 10:07 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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    I sold my Bitcoin to buy a house.

    Posted: 10 Jul 2021 03:41 PM PDT

    Calm down... I didn't sell ALL my bitcoin. I just sold some of it to put towards closing costs. Still very sad because I really believe in BTC and don't want to sell any sats. But, the plus side is I now have a house!

    submitted by /u/dasulton
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    Today my dad laughed at me for losing 50% of my investment in crypto

    Posted: 10 Jul 2021 09:01 PM PDT

    I've just turned 22 and started a year ago investing in different things, several failures later I educated myself in cryptocurrency and the tech behind it, I firmly believe in btc and tried to explain to my stubborn dad of the idea beyond btc being an investment for the future. Fast forward a three months from April and my dad gets around asking how crypto's working for me (I knew he knew it had dropped) therefore just asking to get a good laugh at my face. He's a nice dad and has educated me in a lot of different things but I count the days to take him on a really nice vacation all with my Bitcoin and have the final laugh at the fact he didn't stack when he had the chance. And of all things; listened at what the newer generations are here to change for the better.

    Keep on hodling and don't let anyone even know about your holdings, it's just gonna beat you down to their level, don't give in and keep stacking :)

    submitted by /u/LaloMal0
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    NEVER, EVER tell ANYONE about your crypto holdings

    Posted: 10 Jul 2021 01:33 PM PDT

    Hello all. I am new in this market, and made a post earlier about a "friend" of mine who ever since the elon tweets just full on turned into an insufferable smug asshole. The reason? I made the mistake of telling him i bought some bitcoin and other things.

    From that point on it was constant jabs, and forwarding of every single FUD article he can find into my group chat and passive-aggressively making comments towards me. Keep in mind: He did NOT care at all about crypto , up until I told him about it. And now he made it his personal mission to be a smug asshole as often as he can, about anything that paints crypto as a ponzi/scam/energy waste that will doom humanity.

    Well, I KNOW it was my mistake for telling him. but it's been 3 months, and every 2-3 days its the same old shit. I nuked the group discord so that it's gone, disbanded the group chat and basically scattered the entire group and told him to shut the fuck up about crypto, and that I know he has something to say to me but he'd rather pussy-foot around it and be a smug asshole and forward me forbes articles.

    I hope those cheap chuckles were worth it, asshole. I was one of your last friends

    Also, I KNOW IM DOWN 30%. I don't need some dickhead reminding me about it infront of my other friends every 2-3 days'

    and even IF i may consider all crypto/stocks a pyramid scheme in some sense - he isn't coming from a place of concern. He's just being a smug asshole. He even told me "I indirectly make people feel like shit" and was proud of himself - because he cant just come out and say "i think you are a retard for buying bitcoin"

    submitted by /u/resectioningzone31
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    Don’t you know, pump it up!

    Posted: 10 Jul 2021 06:32 PM PDT

    The man who trashed $378 million worth of Bitcoin will search the trash for 12 months – AronBoss

    Posted: 10 Jul 2021 04:07 PM PDT

    Why does CoinBase only have $320m insurance if they custody like $50 billion?

    Posted: 10 Jul 2021 08:06 PM PDT

    Was reviewing the Coinbase insurance policy and this one gave me a double take. Says they only cover $320m per-incident and overall. Seems low considering they have to custody what...$50 billion in crypto? Can somebody explain this to me?

    https://preview.redd.it/5d2xneze1ia71.jpg?width=1536&format=pjpg&auto=webp&s=25ebbe3b38c8d63594027e0b253e5a08fe334262

    submitted by /u/OwwNowwBrowwnCoww
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    We are at or near The End of the Chinese Communist Government's ability to FUD Bitcoin

    Posted: 10 Jul 2021 09:58 AM PDT

    Some elements within the Chinese government have opened major short positions on Bitcoin right before announcing major FUD. They have done this at least three times since 2013. I think this last one in May will be the last effective one. Not only because people are catching on to the scam, but also because they have now driven out most miners from the country and banned all transactions. This was perfectly timed with Elon's flip-flop. Elon was then immediately awarded by the Chinese government (where he had previously been struggling with red tape and bad press). The only arrow the Chinese Communist Party have left in their quiver is to ban possession, but that would be impossible to enforce, and would only make the CCP appear weak (the thing they fear the most) due to their inability to effectively enforce. So I think we are at or near the end of the Chinese short-crypto-then-FUD scam.

    submitted by /u/Always_Question
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    Paraguay Will Legislate To Make Bitcoin Legal Tender Next Week

    Posted: 10 Jul 2021 09:38 AM PDT

    Gemini founder, Cameron Winklevoss says, Fiat money is planetary. Bitcoin is interstellar. It’s not rooted in a physical jurisdiction or government, but rather transcends all.

    Posted: 10 Jul 2021 05:41 AM PDT

    Germany grants institutional funds the ability to invest in crypto

    Posted: 10 Jul 2021 10:07 AM PDT

    Anyone interested in buying 10 acres in Georgia for 3 btc

    Posted: 10 Jul 2021 01:51 PM PDT

    Anyone interested in buying 10 acres in Georgia for 3 btc

    Contemplating on selling land for bitcoin. It already has septic and power and two spots cleared out for possible homesites. Not sure if I do want to sell it but figured might interest some people. Dm me if your interested. The property is near Elberton, GA. I dont have super good pictures. Ill have to take some more next time im there.

    Clearing 1 With Storage Shed

    Driveway

    Clearing 2 with septic

    submitted by /u/KeyStatistician8426
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    Why you should buy and hodl Bitcoin?

    Posted: 10 Jul 2021 11:02 PM PDT

    Did you know that 75% of all US Dollars in existence were printed after bitcoin was created.Because of this simply affects the terms of trade between money and goods,nothing else.What used to cost 1$ now costs 10$,that's all.In this case Bitcoin can save you from Inflation because of fixed supply. On the other hand ,Bitcoin is deflationary,meaning buying power increases over time.

    submitted by /u/Zalkifl_Savage
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    Paraguayan Lawmaker to Introduce Bitcoin Legislation Bill Next Week

    Posted: 10 Jul 2021 03:36 PM PDT

    Grandpa George Bitcoin Logic

    Posted: 10 Jul 2021 03:10 PM PDT

    Children's Museum in Oak Lawn to accept Bitcoin donations, become the first children’s museum in the U.S to accept cryptocurrency as a form of payment for donation.

    Posted: 10 Jul 2021 11:42 PM PDT

    Capital International, the $400 billion investment firm, has purchased $600 million of MicroStrategy stock

    Posted: 10 Jul 2021 06:05 AM PDT

    Received my first Bitcoin Rewards Visa Credit Card this morning!! More ways to stack Satoshi's!!

    Posted: 10 Jul 2021 12:54 PM PDT

    Super excited to start using it from my Water Bill to my AWS Cloud payment! I spend quite a bit!

    submitted by /u/maniparusu
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    Paraguayan lawmakers to present Bitcoin bill on July 14

    Posted: 10 Jul 2021 11:26 AM PDT

    Bitcoin fees

    Posted: 11 Jul 2021 01:09 AM PDT

    Can someone explain the fees with BTC please?

    Here's the scenario, I run a website (linked at bottom if interested) that runs off donations mostly. I received my first BTC donation from it which said it was $20, but I only received about $3.50... ~$17.5 seemed to have got lost along the way, is this normal? Admittedly I haven't used BTC much yet, so sorry for noob question!

    coinember.app/

    submitted by /u/leAlphaMike
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    I just sold my BTC for the first time. Only to get a tax write off. I bought it right back.

    Posted: 10 Jul 2021 06:09 AM PDT

    The nice tax loophole where I can write off my crypto losses is awesome. I recommend any small business or 1099 workers who are currently in the red, sell at a loss, create a taxable event, then buy back.

    submitted by /u/Creepy-Purchase-5630
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    100 free Bitcoin sats. Invoice 100 sats via lightning and send this bot QR code.

    Posted: 11 Jul 2021 01:56 AM PDT

    Cellphones engineered with crypto security in mind

    Posted: 11 Jul 2021 04:06 AM PDT

    Been seeing a number of cellphones recently engineered with crypto security in mind (Samsung Knox in particular is the one I have been considering).

    Based on marketing... the chips are engineered with offline segregated portions of the chip that can store keys, can get a message as an input and sign it with the key, but the key cannot be read directly from the other online portions of the chip.

    Is this just marketing gimmicks? Actually better than standard online wallets... or even similar security to hardware wallets? Curious if the more technically adept know if these are good options.

    submitted by /u/skeptical-0ptimist
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    As a mear warning to anyone new to crypto.

    Posted: 10 Jul 2021 07:51 PM PDT

    If you receive ANY notifications regarding a breach in your assets.

    1) Don't automatically panic 2) Verify it 3) If you don't know what you're doing ASK FOR HELP before you make a regrettable move.

    There's too many scams out here for us not to take every action cautiously.

    Stay safe. Be safe. Think safe.

    Edit: Mere*** auto-correct failed me

    submitted by /u/bingio13
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