Bitcoin Daily Discussion, July 21, 2021 |
- Daily Discussion, July 21, 2021
- Update to the situation in which I sent $5000 in btc to the wrong address. I got the money back! (Original story linked inside)
- We're killing the planet by mining useless internet money.
- Today I was able to "scam" the scammer lol
- My friend became a whole coiner.
- Is 0.1 BTC something to be proud of?
- Someone decides to dump 79,000 Bitcoin worth 2.5 billion on coinbase pro last night and the price only dropped by 1k
- From riches to rags
- The B word is tomorrow
- Bitcoin price July 2013 - $66, December 2013 - $1163. July 2017 - $1830, December 2017 - $19700. Current price action is standard bull cycle consolidation (Fibonacci Analysis)
- If You Own 0.25 BTC Then You Own More Bitcoin Than 99% Of The World!
- Buying the dip
- This is it guys.
- Why don't people buy when the price is low?
- Warren Buffet says Bitcoin is like “Rat Poison, Turd” and it’s an asset that does nothing
- They have to learn something...
- Rothschild investment in Grayscale Bitcoin Trust, holds 141,405 shares. Has tripled its exposure to Bitcoin since April. Doesn't care about short term falls in BTC.
- JP Morgan's Wealth Management CEO on #Bitcoin: "A lot of our clients are saying that's an asset class and I want to invest."
- Panic buying
- Do we still hodl? I have lost 48% of my initial investment...
- WARNING - STAY AWAY FROM BLOCKCHAIN.COM
- ARK Invest Buys Another $10.8M in Grayscale’s Bitcoin Trust - Decrypt
- My bank shut down my account and banned me for life after trying to buy bitcoin from Kraken. What do I do?
- Cathie Wood's ARK Buys The Dip Again, ARK Buys More Shares of Grayscale Bitcoin Trust on Tuesday
| Daily Discussion, July 21, 2021 Posted: 20 Jul 2021 10:01 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]  | ||
| Posted: 20 Jul 2021 02:27 PM PDT This is a follow up to https://www.reddit.com/r/Bitcoin/comments/oda6uf/accidentally_sent_btc_to_an_input_address_from_a This all began on July 3rd. After I noticed the wallet I sent it to was an output address used by Kraken I immediately emailed them asking for help and what my options were. Over the course of the next week I sent many emails back and forth explaining the situation and how I meant to send it to a Coinbase wallet but accidentally long-pressed on an output address used in the transaction from Kraken to my Electrum wallet. Finally they send me an email saying they've identified the owner of the account and would be emailing them to ask if they would allow their email to be shared with me so we could actually speak and resolve the situation. The guy ended up being from Brazil and when he received the money he moved it to an online Casino where he proceeded to lose $2000 before seeing the email from Kraken. After seeing the email from Kraken, he actually emailed me! It took a lot of convincing that this wasn't some sort of elaborate scam and I explained that the $2k "lost" wouldnt be a problem if he returned the rest of the money. He wanted me to sign some sort of contract stating what happened, we both signed it and this morning I woke up to .10 in my Electrum wallet. Holy. Fucking. Shit. I just want to send a huge shout-out to Kraken for helping me navigate this ridiculous situation I put myself in. I want to send an even bigger shout-out to the man that received the coin and was willing to send what was remaining back. I don't even care about the $2k and I'm honestly hoping he just made that story about the casino up so he could keep the $2k because he deserves it and I know $2k goes a long fuckin way in Brazil so I honestly feel like really good about it. How could I not? I've never heard a story like this in the btc world. Ive been trading since 2013 and never made the mistake of sending money to the wrong address and the stories I've heard of people who have, I've never heard of a story of that btc being recovered in such a fashion. I am beside myself with joy. It looks like I'll be able to buy the car I want after all. I've always said I'm simultaneously the luckiest/unluckiest person I know and this is solid fuckin evidence right here. THANK YOU KRAKEN! THANK YOU UNNAMED BRAZILIAN GUY! I quite literally thought I lost that money for good and this whole ordeal has been such a whirlwind. I'm so glad it's been resolved but it wouldn't have been if I didn't study the Blockchain and followed the money, and even then 99.9% you won't get your money back but I actually fuckin did. I'm agnostic and this nearly made me believe in God lol This community is amazing and it was thanks to your help in my initial post, here I am, issue resolved ,15 days later, but resolved. Happy hodling! [link] [comments]  | ||
| We're killing the planet by mining useless internet money. Posted: 20 Jul 2021 06:02 PM PDT But the CEO of Amazon can burn rocket fuel going to space on the grounds of "it's fun" rather than the betterment of society. [link] [comments]  | ||
| Today I was able to "scam" the scammer lol Posted: 21 Jul 2021 01:37 AM PDT Full story: https://imgur.com/a/eMSFsQq Summary: There is a scammer impersonating Mr. Leon Li (Huobi CEO) to ask me to invest 1 BTC in order to receive 6 BTC per week. This scammer's Facebook is in the top of Google search because the Huobi CEO does not publicize his personal Facebook. The scammer also video called me and play a muted video of Leon Li for a few seconds and said there is a problem with the connection to make me into believing him. And here is the story of how I "tricked" this scammer lol I have long been annoyed with scammers because every now and then I get scam/spam calls. I used the Page Editor extension on Chrome to create some screenshots to convince the scammer that I transferred 1 BTC to him but was blocked by Binance because of the high risk. To verify, the scammer needs to transfer 0.001 BTC ($31) back to that wallet. So he really did it haha https://blockstream.info/tx/81171b2ef54c7337050cb1e99c49f8be8d6b4b73f76edaa70634758c3816a475 Then I processed to ask him to send another 0.01 BTC (310 USD) with the reason that the risk is now escalated. But it wasn't success. Let me know how to improve next time. [link] [comments]  | ||
| My friend became a whole coiner. Posted: 20 Jul 2021 07:05 AM PDT Literally his biggest dream, was to be able to say I own a full bitcoin. saying I own 10% or 20% of a bitcoin was cool he said but he went to the extreme on this dip. Officially loaded himself up to the full coiner status. Something to tell the grand kids alright. Greatest opportunity in a lifetime ladies and gentlemen. [link] [comments]  | ||
| Is 0.1 BTC something to be proud of? Posted: 20 Jul 2021 03:10 PM PDT Title says it. I've been spending what I can here and there for a while now trying to stack some BTC and I've finally got to 0.1 BTC. I'm starting to wonder only a tenth of a Bitcoin is going to mean anything? I feel like so many people have been in BTC for years and years and likely have much more than that. Is (could) 0.1 BTC become meaningful in the years to come? [link] [comments]  | ||
| Posted: 20 Jul 2021 07:25 PM PDT | ||
| Posted: 21 Jul 2021 12:01 AM PDT 7 months ago I invested 9000$ in crypto, I invested in the coins that have good fundamentals like ( link, eth and btc). A month later my 9k investment turned to 12000$ Which felt amazing to accomplish. then the market started to crash and a few weeks later the 12000$ was turned into 7000$ and I didn't sell my coins. Cause I thought we are going to bounce but it never happened, and everyone was screaming (HODL TO THE MOON) or some shit like that eventually the 7000$ turned to 3500$. I started to panic, so I decided to invest into future trading cause I heard it can make big profits. Even tho my friend didn't recommend it cause it's risky but I thought fuck it go big or go home. He was right cause after about 3weeks of trading futures the 3500$ is gone, and as of today I woke up with like 11$ left in my portfolio. I learned a lot from my mistakes and also alot about the crypto space. I've saved up some money and im planning to reinvest somewhere around 2000-5000$ in the next few weeks and holding them for the next couple of years. Learn from my mistakes guys. [link] [comments]  | ||
| Posted: 20 Jul 2021 07:41 PM PDT
 | ||
| Posted: 20 Jul 2021 08:01 AM PDT
 | ||
| If You Own 0.25 BTC Then You Own More Bitcoin Than 99% Of The World! Posted: 21 Jul 2021 01:59 AM PDT This is not opinion. It is mathematical fact. There is really no way around it as long as we make two assumptions. 1.) There will be a maximum of 21,000,000 BTC ever. If there is less (which there is) this only proves my point further. 2.) The population of earth stays at 7,700,000,000 or increases. If the population were to decrease then my numbers would be off a little but it will still hold true. With those assumptions, the fact is that if you own 0.25 BTC now or in the future... that you own more Bitcoin than 99% of the world. This is not arguable. There are a maximum of 21,000,000 coins so let's pretend they are all available. None are lost or in Satoshi's wallets. 21,000,000 / 0.25 BTC = 84,000,000 That means there are 84,000,000 segments of 0.25 BTC available. 84,000,000 / 7,700,000,000 = 0.010901 So as long as you own 0.25 BTC you own more bitcoin than 99% of the world. You are in the top 1%! And in reality, we know that only 18.5m have been released. And 1m is in Satoshi's wallets and they say 3m has been lost. If that's the case then lower the 21,000,000 to 14.5 million and you would only need own 0.20 BTC to have more than 99% of the world. Again, there is no getting around this. It is fact. It doesn't matter if 1 person had the other 20,999,999.75 bitcoins. Your 0.25 BTC means you own more than 99% of the world. You would not necessarily be in the top 1% of bitcoin holders. You simply own more than 99% of the world. It is impossible for you to fall out of that number if you have a quarter bitcoin. 0.25 and HODL If you have 0.25 BTC at the moment, you have the equivalent of 8000$ in a savings account. The average American has about $4,500 in savings. By 2026, BTC will likely be over $100,000, putting that 0.25 BTC at $25,000. So, long before all the Bitcoins are mined (around 2140), that small amount of BTC (0.25) will exceed most American savings by factors of 10 or 100. By 2031 (about 10 years away), you'll likely have a comfortable nest egg for retirement ($250,000), assuming you own your own home, have a good 401k retirement plan and medical coverage. If you have 0.25 BTC, you're a very lucky person. But don't let it go to your head. Live modestly, eat healthy and keep fit. No one enjoys regular visits to the hospital, even if the doctor is a nubile blonde who does amazing things with her glove. According to markets research. " The cryptocurrency market, this market was valued at USD 541.0 Million in 2017 and is expected to reach USD 2,902.0 Million by 2023, at a CAGR of 32.31% between 2017 and 2023. The cryptocurrency market is witnessing significant growth because of the benefits of compliance-free peer-to-peer transaction, cross-border remittance transfer, and increase in use cases, as well as some macro drivers such as volatility in the stock market and fluctuating monetary regulations in different countries. The growth of the cryptocurrency market is further propelled by the transparency and immutability of the distributed ledger technology and benefits such as faster transaction and reduction in total ownership cost." This clearly indicates that the various benefits of cryptocurrencies coupled with the fact that it acts as insurance against national economic failure has helped it find many takers. It would not be far-fetched to see cryptos fast becoming the currency of choice in 2030 as it epitomizes personal freedom. [link] [comments]  | ||
| Posted: 20 Jul 2021 01:22 PM PDT I'm about to load up on bitcoin & hold it until I'm 60+ (24 right now). I believe it's the present & the future. I wonder what it will be worth in the future and how much it will change the world. We are still at the beginning believe it or not. [link] [comments]  | ||
| Posted: 20 Jul 2021 09:16 PM PDT This is our last stand to fight the bears. I bought the dip, did you? Right now bitcoin is really being tested and this is a crucial point. What will you say when your grandkids ask you about the battle of $30,000? [link] [comments]  | ||
| Why don't people buy when the price is low? Posted: 20 Jul 2021 08:22 PM PDT I've been following bitcoin for years and the dynamics are always the same: when the price is high, people appreciate it and everyone buys as if it were going to go up indefinitely. Or they say: if it drops by 50% I go all-in! Then the price goes down and btc starts to be despised and nobody wants it anymore. In your opinion, what is the thought process that leads most people to think backwards? [link] [comments]  | ||
| Warren Buffet says Bitcoin is like “Rat Poison, Turd” and it’s an asset that does nothing Posted: 20 Jul 2021 08:55 PM PDT I respect and revere Buffet for what he has accomplished in his time, but he should worry more about keeping the drool in his mouth at his age instead of Bitcoin/Blockchain projects. Anyone else agree? [link] [comments]  | ||
| They have to learn something... Posted: 20 Jul 2021 04:57 AM PDT
 | ||
| Posted: 20 Jul 2021 07:07 AM PDT
 | ||
| Posted: 20 Jul 2021 06:26 AM PDT
 | ||
| Posted: 20 Jul 2021 11:30 AM PDT Anyone else buying as the price drops but then buying even more as the price goes up out of pure fear you'll miss the train? Where my fomo fam at?? [link] [comments]  | ||
| Do we still hodl? I have lost 48% of my initial investment... Posted: 20 Jul 2021 03:18 PM PDT https://www.reddit.com/r/Bitcoin/comments/7vgve2/do_we_still_hodl_i_have_lost_48_of_my_initial/ Hell yeah! We still hodl in 2021 my friend. [link] [comments]  | ||
| WARNING - STAY AWAY FROM BLOCKCHAIN.COM Posted: 20 Jul 2021 03:41 PM PDT WARNING - STAY AWAY FROM BLOCKCHAIN.COM1) I sent in 2 wires on Friday July 9. I made a mistake in that I did not put the reference ID. Instead, I put my full name in the memo line. I have asked blockchain.com to either return the wires to my bank or credit my account. It has now been 12 days and I have yet to receive a response. I have opened multiple tickets, but just silence? Where is my money? THIS IS THE WORST CUSTOMER SERVICE EXPERIENCE OF MY ENTIRE 67 YEARS ON THIS PLANET. [link] [comments]  | ||
| ARK Invest Buys Another $10.8M in Grayscale’s Bitcoin Trust - Decrypt Posted: 21 Jul 2021 03:24 AM PDT
 | ||
| Posted: 20 Jul 2021 06:50 PM PDT Hey guys, I will make this post short so it is quick and easy to read, I am asking advice because my bank (or rather credit union) recently did something to me that is really unfair and pissed me off, so I want to get some compensation for it or try to hold them accountable. I am pretty sure what did they is illegal/not allowed and I need some help or guidance from the community. Any help is greatly appreciated. I live in Ontario, Canada and I do personal banking with Meridian Credit Union (I know, they're a crap company). I recently signed up for the bitcoin platform Kraken, after hearing about it here. I got verified, submitted my ID and went to make a purchase for some Bitcoin off their website. I was instructed to send a bank wire to their overseas account so I could complete the purchase. The next day I went to my local credit union (Meridian Credit Union), which is not technically a bank but for all intents and purposes works the exact same way. I had all the money lined up in my account (about 25K CAD) and was ready to buy a bitcoin (purchase was for about 0.6 BTC). I sent out the wire and I chatted with the teller, told them I heard about Kraken and that I was buying bitcoin for the first time. Explained I saw it as an exciting opportunity and wanted to make some money off of my investment. The one teller was really nice but the other was being kind of nosey and rude. I don't want to assume things but she seemed like a Karen and kept asking where the money came from, how I got it and if it is mine, kept acting shocked that I had 25K of disposable income to spend, etc. Anyways, fast forward a few days and the wire is not received by Kraken, despite all the info being correct. I call up my credit union and ask what's wrong, turns out the bank "flagged" the wire for "Security reasons" or suspicious activity. Eventually after a week of fighting with them over it, the wire was eventually reversed and bounced back into my account (minus a 50 dollar fee). I was not able to buy the bitcoin and my bank blocked me from sending a payment to Kraken. That alone would be fine and I would have moved on, but it gets worse. About a week or two later, I got a call from my credit union (Meridian) and they called me to inform me I was permanently banned from Meridian and they would be closing down my account, and I had to come withdraw all my money so they could close it. I asked if I could be reinstated and they said no, I was banned for life and I wouldn't be allowed to reopen a new account. I asked why and they said over the phone there was "suspicious or illegal activity" coming from my bank account, and they could not work with me any further. I am not involved with any illegal activity whatsoever, my income is 100% legal (I work a regular mundane office job) and it was my first time ever buying bitcoin in my entire life. There is absolutely no way they traced anything illegal or fraudulent back to my account and this accusation was 100% a lie. The bitcoin was intended purely as an investment (I se it the same way as buying gold or a TFSA). It seems like the conversation I had with the teller about Kraken "tipped them off" and they misunderstood it as being something illegal. Based on the harshness of the lady's tone over the phone, I am worried they possibly even alerted authorities or tried calling the cops on me because of this stupid Karen who works at the bank. I now have to switch banks to a new provider (eg BMO or RBC) and every time I go to Meridian now (for things like cancelling my cards or withdrawing my money) the Karen at the teller gives me a really hard time. So what gives? This is absolutely ridiculous and I did not expect this to happen. What do I do? Is there any way I can try complain somewhere or demand some sort of compensation? Or should I just drop it and move on? I feel like the whole situation is extremely unfair and a big misunderstanding, and I also don't even think a bank or credit union is allowed to do this to someone, especially a paying customer. So what do I do? What are my options for demanding compensation? Is it possible to take legal action against them or is doing so a waste of my time? Any help or advice is appreciated. Thanks [link] [comments]  | ||
| Cathie Wood's ARK Buys The Dip Again, ARK Buys More Shares of Grayscale Bitcoin Trust on Tuesday Posted: 20 Jul 2021 11:57 PM PDT
 |
| 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