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    Bitcoin Daily Discussion, July 17, 2021

    Bitcoin Daily Discussion, July 17, 2021


    Daily Discussion, July 17, 2021

    Posted: 16 Jul 2021 10:04 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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    Crypto going mainstream #bitcoin

    Posted: 16 Jul 2021 02:27 PM PDT

    holy mother of whales just moved 13k bitcoin to coinbase

    Posted: 16 Jul 2021 08:46 PM PDT

    Bitcoin to Become Dominant in Global Finance by 2050: Study

    Posted: 16 Jul 2021 05:06 PM PDT

    NFL star Saquon Barkley will accept all future endorsement money in bitcoin

    Posted: 16 Jul 2021 02:28 PM PDT

    Orange Pilled, 2021 - ₿ tablets and repurposed fiat currency

    Posted: 16 Jul 2021 04:56 PM PDT

    Just bought a vehicle with BTC

    Posted: 16 Jul 2021 12:52 PM PDT

    Actually, the seller wanted half cash, half BTC. Guess which half was more of a pain for me? The BTC was quick and easy, cost me about $5 in fees since I wanted to send it fast. One test transaction and then the whole amount, done in 1 block confirmation.

    The cash... I had to transfer money via ACH (2-3 days) and then call my (no branches) bank to raise my debit cash advance limit. Then I had to drive to a bank and wait in line, then carry an uncomfortably large amount of cash around until I could pay the seller.

    If it had been up to me, I would have paid the whole amount in BTC. It also helped that the price has been somewhat stable over the last few days.

    submitted by /u/M13Calvin
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    Have Hope. Bitcoin WILL Change Cuba.

    Posted: 16 Jul 2021 09:35 AM PDT

    Black Rock Petroleum Company Announces Bitcoin Mining

    Posted: 16 Jul 2021 12:59 PM PDT

    Bank of America Approves Bitcoin Futures Trading

    Posted: 16 Jul 2021 06:17 AM PDT

    Sell Some Stocks to Buy Bitcoin?

    Posted: 16 Jul 2021 10:52 AM PDT

    Sell Some Stocks to Buy Bitcoin?

    I'm 23 and have very few financial obligations (about 17K/year in total expenses). Pretax income is about 105K/year. I live in the Midwest US. I have a very long time horizon for my investments. This is my current asset allocation based on prices today:

    Total Allocation

    Stocks Allocation

    My stocks are 100% VTSAX (with a VTSAX equivalent in my 401K). Crypto is 100% BTC. With my income, I could continue to invest about $500 / week for the remainder of the year based on my expenses and estimated 2021 tax liability while still maintaining my emergency fund.

    If you were in my shoes, would you:

    1. Hold all stocks and dollar cost average $500 / week into BTC for the remainder of the year
    2. Sell some stocks in the taxable brokerage account (46k are long-term capital gains) to DCA more into BTC for the remainder of the year
    3. Something else

    If option 2, how much from the taxable brokerage account do you sell?

    I realize everyone is different and situations vary a lot, but my risk tolerance is very high since I have a good career and minimal expenses. I can withstand the volatility of crypto no problem. I will continue to max out my 401K and Roth IRA in 2022 as well (already maxed out this year). Just wondering if most people in my position would sell some stocks in the taxable brokerage account for crypto.

    submitted by /u/j123456t
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    Jack Mallers on Lightning Network, Future of Payments and Strike.

    Posted: 16 Jul 2021 02:25 PM PDT

    I just watched this video, and this is one of the better ones to learn about the potential of LN in a near future. One of the better videos imo, therefore, I wanted to share it here:

    https://www.youtube.com/watch?v=e2_ikkRbGG4&ab_channel=WhatBitcoinDid

    It is very inspiring to listen to this guy. Makes me believe of better times coming not only for us fortunate ones, but also for those that get fuked extra hard by banks and governments.

    submitted by /u/ItsSomethingNot
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    Buy/Hodl and invest.

    Posted: 16 Jul 2021 04:58 PM PDT

    People go $300,000 into debt for a four-year college degree, but they won't invest $20 a day into Bitcoin for four years.

    If they did, they'll have invested $29,200 into Bitcoin, which if Bitcoin grows at just 40% CAGR over the next 20 years, they'd be worth $15 million!

    submitted by /u/RichMacspero
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    �� to the moon ��

    Posted: 16 Jul 2021 10:22 PM PDT

    Pakistan moves to bring cryptocurrency boom out of the dark

    Posted: 16 Jul 2021 09:31 PM PDT

    US City Mayor "Scott Conger" Backs Bitcoin As An Instrument To Kill Inflation.

    Posted: 17 Jul 2021 03:04 AM PDT

    My Bugatti Veyron Bitmobile in Gran Turismo Sport. Link inside!

    Posted: 16 Jul 2021 05:44 AM PDT

    Bank of America approves Bitcoin futures trading for select clients

    Posted: 17 Jul 2021 01:12 AM PDT

    I don't consider myself a toxic maximalist but nation states, financial institutions, your family, and your friends haven't heard of your altcoins. Bitcoin on lightning is a working product.

    Posted: 17 Jul 2021 12:12 AM PDT

    The 30 second explanation is here: https://www.youtube.com/watch?v=AW-7XBrSqCI

    The longer explanation:
    You're hurting yourself the longer you do this. I don't think all altcoins are useless, but the ones that aim to function primarily as payment mechanisms / vehicles will fail.

    submitted by /u/sgtslaughterTV
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    What marketplaces can I pay for goods with cryptocurrency?

    Posted: 16 Jul 2021 11:40 PM PDT

    Hello! What marketplaces can I pay for goods with cryptocurrency?

    submitted by /u/Nikolaibar223
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    Wondering about opening wallets across different programs?

    Posted: 17 Jul 2021 12:49 AM PDT

    Hi, I am not very tech savvy but I have some Bitcoin. I've had a few different wallets over the years.

    Well, I want to finally get organized. I decided to just open everything using my seeds on Wasabi. Most of these were wallets I initially created and used using Electrum. So it looks like I have all my wallets recovered, and they all seem to be zeroed out except one.

    That seems right to me, I'm pretty sure I moved everything into the one wallet, but I'm wondering if there's any other steps I should take to make sure I am seeing the right balance. If I just entered the seed correctly and it came up with a wallet, that's correct, right? There's nothing else I need to do?

    I want to just stop using all the older, empty wallets and get rid of the seeds connected to them, which I have written on paper copies that are currently just cluttering up my desk. Just wondering if there's anything else I have to do to make sure I am checking my balances accurately before retiring these wallets for good.

    Feel free to make fun of me for being disorganized, you wouldn't be wrong!

    submitted by /u/jinxedit
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    The Third-Largest Bank in Germany, "comdirect" Offering Savings Plans in Crypto

    Posted: 16 Jul 2021 07:17 AM PDT

    After Bitcoin Law, Nayib Bukele administration plans to create a national stablecoin cryptocurrency, which is dubbed “Colón-Dollar.”

    Posted: 17 Jul 2021 02:35 AM PDT

    What can a new grad mechanical engineer do to help Bitcoin reach its full potential

    Posted: 17 Jul 2021 12:04 AM PDT

    Most of the talk on this sub is about the software side of Bitcoin, and understandably so. However I have very limited amounts of applicable software and coding knowledge and it isn't something I want to train myself in so I can contribute. I am however graduating soon with a bachelor's in mechanical engineering and am curious to hear some ideas about contributions that I could possibly make (beyond the standard hodler and information spreading mentality).

    submitted by /u/Ancient_Locksmith346
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