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    Bitcoin Daily Discussion, August 01, 2021

    August 01, 2021

    Bitcoin Daily Discussion, August 01, 2021

    Daily Discussion, August 01, 2021

    Posted: 31 Jul 2021 10:05 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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    $100 Bitcoin purchase on Lightning Strike app for ZERO fees. Bye bye to Coinbase account!

    Posted: 01 Aug 2021 12:24 AM PDT

    I think I’m done explaining Bitcoin

    Posted: 31 Jul 2021 07:52 PM PDT

    I like Bitcoin and the crypto space. Met a lot of intelligent, highly calculated risk averse open minded people. We made some gains together and analyzed/speculated on some new projects. I love the curiosity of new people coming into the space. But sometimes I get tired of explaining what the crypto verse is and how revolutionary Bitcoin is to closed minded people. I'm basically done explaining it to them. Once I sense some resistance, negativity, or a response claiming how horrible the space is, I'm just going to stop all together and walk away. To each their own right. It's energy draining trying to convince to someone how fiat is a bad idea, how government keeps printing over and over again, and how Bitcoin and crypto fixes this. Just gonna focus on my portfolio from now on and anyone else that has the passion to learn. Anyone else feel this way or am I just going mad?

    submitted by /u/machuii
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    “We need to be in the cryptocurrency market”, says Mastercard CEO

    Posted: 31 Jul 2021 12:34 PM PDT

    Is this real? If so, how much is it worth in USD?

    Posted: 31 Jul 2021 03:48 PM PDT

    Up to $400 billion may start flowing into Bitcoin from Germany on Monday

    Posted: 31 Jul 2021 11:20 AM PDT

    German institutional funds to invest up to 20% in crypto

    "Spezialfonds reportedly account for about €1.8 trillion (roughly $2.1 trillion) of institutional wealth, meaning that if funds allocate the 20% allowed in the new law, more than $400 billion would likely end up in various crypto projects."

    "However, according to Tim Kreutzmann, an expert on crypto at BVI, it is likely most of the funds could "initially stay well below the 20% mark", owing to various industry practices and expectations. Notably, the investment funds are available only to institutional investors like insurers and pension funds."

    Just a reminder, in Germany over 257 banks charge a negative interest rate for deposits over $25k, so anywhere else to put your money is a safer bet.

    Okay, done my FOMO for the week.

    submitted by /u/Perringer
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    The REAL reason why Buffett don't support Bitcoin

    Posted: 31 Jul 2021 04:42 AM PDT

    I only buy btc at 41 and above

    Posted: 31 Jul 2021 09:30 AM PDT

    I like to be the support

    submitted by /u/5pghost
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    Even at an almost billion dollar loss, MicroStrategy will buy more Bitcoin

    Posted: 31 Jul 2021 02:18 PM PDT

    Bitcoin taking centre stage during Olympic coverage.

    Posted: 31 Jul 2021 09:54 PM PDT

    I work in a world known and prestigious software company and yesterday we had a conversation with my colleagues around BTC. Level of their unawareness was unbelievable to me and I was thinking "We are still too early on Bitcoin!"

    Posted: 31 Jul 2021 08:52 AM PDT

    OMG feels so good to finally see my portfolio green after a few months in deep red. I survived.

    Posted: 01 Aug 2021 02:55 AM PDT

    It does feel so good to finally see my portfolio green after a few months in deep red. I survived. Did you?

    submitted by /u/jpsjsl
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    Am I doing this right?

    Posted: 31 Jul 2021 08:08 PM PDT

    Third largest company in the world, plans to start mining Bitcoin

    Posted: 01 Aug 2021 02:51 AM PDT

    If BTC were to be banned an exchanges were shut down by government, as long as you have custody of your coins where no one can access them, wouldn’t this just make BTC and even more scarce and valuable asset?

    Posted: 31 Jul 2021 09:52 AM PDT

    The globalist bankers are attacking El Salvador over bitcoin law.

    Posted: 31 Jul 2021 01:52 AM PDT

    Moody's lowers El Salvador's rating to hurt their credit rating over the new bitcoin law. https://finance.yahoo.com/news/moody-lowers-el-salvador-rating-005830979.html

    submitted by /u/AlienDogfromOcean0_0
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    Bitcoin Monthly close is extremely Bullish

    Posted: 31 Jul 2021 09:36 PM PDT

    A long arduous road, but it's only the beginning

    Posted: 31 Jul 2021 08:59 PM PDT

    I bought my first bit of Bitcoin back in December which was 250 dollars worth. I was learning about it from watching Youtube videos from Ark Invest, Lyn Alden, and Michael Saylor which lead me to want to invest my money into it. Since then I've read the Bitcoin White Paper, the paper written by Ark Invest and Square: Bitcoin is Key to an Abundant, Clean Energy Future and whatever else I could learn about Bitcoin. After almost 8 months of working and doing overtime at my job and racking up a total of 1890.5 hours (from January until July 25th from what my paystub says), I own a whole Bitcoin and it's stored in my private wallet. I'm pretty happy to say the least and it was tough to work so many hours and days where I had very little sleep and didn't see my family or friends. What pushed me through those days was a future where working for someone else won't be an obligation and I will be able to freely live my life the way I want and to do the things I want to do and see the people I want to see. Those days of achieving financial freedom through my investing in an asset I have a strong conviction in is coming. I'll be holding through the crashes and the bull markets. I'll be working on my second Bitcoin and there will be more I will accumulate from then after!

    I want to do more in the Bitcoin community and perhaps get into mining and setting up a node. I don't think it's enough to simply accumulate Bitcoin but also be apart of it's development and security. I hope more of us step up and do what it takes to keep this asset a decentralized monetary system that requires no permission from any government, private institutions, or person. The printing of our money to devalue the time spent on our labor to acquire that money will have to stop. Where our time working no longer becomes a liability but an asset, and that is what Bitcoin means. Our time and labor that was spent in the past appreciates with time. The future is never guaranteed and it would be a mistake to believe anything that is here now will stay that way. Therefore, we must do what we can to preserve the system for not just for me, but for all of us, the future adopters of Bitcoin and the generations after us.

    "...the seeds of defeat are sown on the day of victory." - Elon Musk

    PS. Some or many may dislike or hate Elon, but this saying rings true nonetheless. It means that much more to me that a hero of mine also holds an asset that I own. I wish you all a prosperous journey through this paradigm shift of centralized money to an era of cypherpunks!

    submitted by /u/pabloescagains
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    CONGRESSMAN WARREN DAVIDSON ON HOW THE LAST-MINUTE BITCOIN TAX BILL IS BAD FOR AMERICA

    Posted: 31 Jul 2021 11:11 AM PDT

    Congressman Warren Davidson explained how the cryptocurrency tax addition to the Senate infrastructure bill is bad for the U.S.

    ​

    Source: https://bitcoinmagazine.com/business/warren-davidson-cryptocurrency-infrastructure-tax-bill

    submitted by /u/OlgaSokolova85
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    SATIRE: Peter Schiff caught stealing Bitcoin from his son - 21 Narratives Magazine

    Posted: 01 Aug 2021 12:25 AM PDT

    Out of control and rising: why bitcoin has Nigeria’s government in a panic

    Posted: 31 Jul 2021 11:08 AM PDT

    We've been through a lot in recent months. Friendly reminder to withdraw your Bitcoin from the exchanges

    Posted: 31 Jul 2021 07:51 AM PDT

    There's been alot of ups-and-downs over the recent months, and you may have gotten comfortable with your Bitcoin sitting on exchanges, waiting for "something".

    This is a friendly reminder to withdraw your stack back to your hardware wallet.

    Not your wallet, not your coins!

    You don't want to be caught with your pants down if an exchange is hacked, or if government passes legislation banning Bitcoin and locks you from accessing your stack.

    Play it safe, gents!

    submitted by /u/TooTarded4U
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    Bitcoin WILL be reserve currency in the next decade. Change my mind.

    Posted: 31 Jul 2021 11:02 PM PDT

    None of y'all can..

    submitted by /u/ZoomsterVK
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    They say that only rich people make money in Bitcoin. Yet a majority of DCAers and HODLers have been people of color and woman. Most long term hodlers I know are brown like me. It’s a financial internet for everyone, not a rich mans stock market

    Posted: 31 Jul 2021 10:12 AM PDT

    How to gift BTC to noobs

    Posted: 31 Jul 2021 11:44 PM PDT

    Any way to give BTC as gift if the recipient is a noob and doesn't have a wallet and I don't want to give a hardware wallet? Like I just want to give $400 of BTC as a wedding gift but recipient doesn't know crap. I don't want to add a ledger to the cost since it's not much of an investment.

    submitted by /u/BigStickNick312
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