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    Bitcoin Daily Discussion, August 04, 2021

    Bitcoin Daily Discussion, August 04, 2021


    Daily Discussion, August 04, 2021

    Posted: 03 Aug 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.

    submitted by /u/rBitcoinMod
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    Today, Google lifted its ban on #Bitcoin ads and they will now be allowed.

    Posted: 03 Aug 2021 08:49 AM PDT

    Bitcoin Ending 2021 Between $80,000 and $90,000, Pantera Capital CEO Dan Morehead Predicts

    Posted: 04 Aug 2021 12:28 AM PDT

    I calculated Bitcoin's return each quarter since 2010

    Posted: 03 Aug 2021 06:28 PM PDT

    I calculated Bitcoin's return each quarter since 2010

    I calculated bitcoin's return (%) form each quarter since Q3 2010

    The source for the prices was from BuyBitcoinWorldwide

    Note: This quarter is not over yet but i closed it as the current price

    https://preview.redd.it/4asv0v9ju8f71.png?width=1861&format=png&auto=webp&s=824270cebe1e1f8719a244a733972038efc44180

    As you can see, Bitcoin has given it's investors an average of over 100% return every yearly quarter (400% a year)

    Anyway, what i'm trying to say is: Buy Bitcoin, it's good

    submitted by /u/Borislimbas
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    The actual first-ever Bitcoin post on Reddit. From May 2009, only 4 months after Satoshi Nakamoto released the Bitcoin software.

    Posted: 03 Aug 2021 12:54 PM PDT

    Rapper MeganTheStallion Tweeted a Video She Made Explaining Bitcoin For Her Giveaway

    Posted: 03 Aug 2021 06:59 PM PDT

    Everything gets cheaper for those that hold Bitcoin!

    Posted: 04 Aug 2021 02:14 AM PDT

    “The United States Can Pay any Debt because It Can Always Print Money”- Alan Greenspan (2011)

    Posted: 03 Aug 2021 11:54 PM PDT

    Had some movers help my GF and I move her to her new apartment this weekend. When they asked for their tip, I asked them if they would accept it in ₿Itcoin. This is the email exchange we had after they received their ₿TC tips

    Posted: 03 Aug 2021 04:15 PM PDT

    National Fast Food Chain Quiznos To Accept Bitcoin This Month

    Posted: 03 Aug 2021 08:25 AM PDT

    Bitcoin SV Suffers 51% Attack: Report

    Posted: 03 Aug 2021 10:36 PM PDT

    This is why BTC doesn't have bigger blocks so this doesn't happen…

    https://finance.yahoo.com/news/bsv-suffers-51-attack-report-020910445.html

    submitted by /u/redditburton
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    Wells Fargo Now Offers Bitcoin Exposure To Wealthy Clients. Not long ago, they were closing accounts of anyone dealing with bitcoin. Now they're the seller.

    Posted: 04 Aug 2021 02:30 AM PDT

    “There is a lot of hype masquerading as reality in the crypto field, Nakamoto’s innovation is real.” - SEC Chairman Gary Gensler on #Bitcoin

    Posted: 03 Aug 2021 12:26 PM PDT

    In a speech at the Aspen Security Forum, incoming SEC Chairman Gary Gensler issued new comments about #Bitcoin📷 today, at times drawing a dividing line between the market's largest cryptocurrency and its wide field of imitators.

    @Alex_fights

    with more: https://bitcoinmagazine.com/markets/bitcoin-sec-gary-gensler-aspen-forum

    submitted by /u/Ok_Department_9565
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    The Kardashev Scale – Bitcoin will help us to become Type I civilization a few understand that!

    Posted: 03 Aug 2021 08:21 PM PDT

    Bitcoin for Hotties - Megan Thee Stallion

    Posted: 03 Aug 2021 10:52 PM PDT

    Why your friends don't own bitcoin and most likely never will

    Posted: 03 Aug 2021 10:18 PM PDT

    In my continuing search to understand bitcoin, I a constant question is: why don't most of my friends own it or show interest? The reason I found out is that investing goes in 5 levels, and most don't get to 2, let alone 5.

    Level One1: Outside the building. You believe investing is for the rich/is no different than gambling. The vast majority of people do NOT do things because they are unique-they do what their parents, their friends, and their community does. Spare yourself the story of the kid who came from the projects and became a CEO-these are exceptions (and amazing ones that should be celebrated). The bottom line is most do not invest because their surroundings discourage it.

    These people respond to bitcoin with "tulips" and "xyz" coin but have done little to zero research. Pride accounts for the smart person not at least asking questions (I'm gonna be the bagholder).

    Level Two: Housing and Mutual funds. If the building is 100 floors, and 90% are outside the building, this occupies the first 80. Most 401k holders have no idea what they are in. They go off recommendations have super conservative friends who have no idea what they truly own. If you are older, this might be bonds. Listen to the guy with the rolex who is richer than you.

    A home buyer is in this category especially if they own 1 property. They understand the basics. They learn about equity.

    Level 3: REKT. "It's time to be a baller". This is where most investors fall apart or have their first big loss. I've been here. Maybe it's borrowing to invest (or invest in options as was my case), perhaps it's investing in a friend's business only to realize your new business partner is not what you even imagined (what do you mean you are a drug addict?). From 05-07, it was buying 10 houses. Most recently, it was massive leverage in crypto. For most, a combination of shame, shell shock, and loss is too much to bear. If single, this is where most become family men. These losses tend to come mid 30s to 40s-the idea of starting over at 39 is hard enough. Starting over at 45 is crazy.

    Level 4: Enlightenment-after suffering through REKT, most do not want to keep going. That being said, this is when knowledge is sought. You learn that diversification is great to protect money, but every story you read has a constant: A new idea, a new technology, and utterly dominant. Returns of 50x +. A technology and or company that alters the world. The key is finding it and making a long term commitment. You hear the story of Amazon going from 1.73 to $90 back to $11....and on to 3200.

    You learn to listen to smart people and not prove points. You make a detailed plan. You do NOT trade on leverage. Once again-you have a written down plan. You try to understand why what happened before happened the way it did. You try not to fall in love with an idea.

    You try and help your friends, but you stay quiet after you make your pitch. You realize most ngmi. It saddens you, but it's the truth...most are trend chasers. And most will lose $ in bitcoin.

    Level 5: Investor-you learn about trends and you are generally in early. You bought real estate in 2010 when people were selling their keys for a cup of coffee. You put real money into 5 companies a year you view as having the possibility to be game changing. The vast majority of people do not know you are rich.

    submitted by /u/throwaway29801A
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    Australian’s can now use Bitcoin to make purchases anywhere Mastercard is accepted.

    Posted: 03 Aug 2021 01:40 PM PDT

    CoinJar new collaboration with Mastercard will allow the Australian market to spend cryptocurrencies like cash, online and in-store.

    Mastercard has been gaining attention frequently as it expands its attempts to provide crypto services throughout the world. According to CoinJar's blog post, the newly released CoinJar Card will allow customers to make crypto purchases anywhere Mastercard is accepted…

    Rest at Source: Todayq News

    submitted by /u/rollingincrypto
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    MercadoLibre the biggest online retailer in South America is looking into adding buying/selling bitcoin

    Posted: 03 Aug 2021 11:43 AM PDT

    “I don’t see reasons to not keep Bitcoin for 100 years,” says Michael Saylor

    Posted: 03 Aug 2021 02:40 PM PDT

    Bank of America gives reasons why El Salvador’s Bitcoin bill could be beneficial

    Posted: 04 Aug 2021 12:00 AM PDT

    Be safe out there folks. Anyone saying you won something but is telling you that you need to make a deposit to collect winnings is a scam.

    Posted: 03 Aug 2021 10:43 PM PDT

    I received a random message through discord saying I won .5 Btc from a new exchange called francobit.com. In the discord message it tells me all I have to do is enter a code and I can collect my winnings by withdrawing them to my own wallet or I can use them to trade on their platform. Me being the curious person I am wanted to see how this would play out. So I booted up an old computer that I no longer use and went to the website. It was pretty convincing if I didn't know better. Used a throw away email and entered the code they gave me. I immediately receive .5 btc in my account. Now the true test. I enter in an address to have the btc sent to. Surprise surprise I'm told I must deposit .01 btc to become a "user" to allow my withdrawal.

    If you get this same message or any other like it don't deposit any of your btc no matter how legit the site looks.

    submitted by /u/JBumbStyle
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    Private Helicopter Company Says You Can Now Buy Helicopters With Bitcoin

    Posted: 03 Aug 2021 02:00 PM PDT

    Wells Fargo Now Offers Bitcoin Exposure To Wealthy Clients

    Posted: 03 Aug 2021 02:52 PM PDT

    Spain to accept Crypto for mortgage payments

    Posted: 03 Aug 2021 10:30 PM PDT

    Some tips for privacy and security

    Posted: 04 Aug 2021 03:39 AM PDT

    This is a super simple workflow for a beginner that want to buy Bitcoin with attention to privacy and security that it would have been very useful to me to know from the start:

    1. Buy Bitcoin on Relai (no KYC) just send your fiat money with a bank transfer. Relai is also a non-custodial wallet, you have your keys (keep them safe like every private key of every wallets)

    if you already have some experience: you can buy your Bitcoin with the the peer-to-peer Bisq

    1. send them to another address created with Wasabi Wallet for making a CoinJoin

    if you already have some experience: you can try to study and use JoinMarket

    1. send them to another address and use Wasabi + hardware wallet

    best hardware wallet for a cold storage: Coldcard with no doubt but you can also use a Ledger Nano S for this combination with Wasabi (without using Ledger Live for creating your Bitcoin account, use it just for updating your Ledger Nano S)

    A full node, a VPN, a Password Manager and a Security key are additional layers of security and privacy, my suggestions are:

    Bitcoin/LN Full node: RaspiBlitz

    VPN: Mullvad

    Password Manager: Bitwarden

    Security key for U2F: SoloKey v2 (open source)

    Keep in mind: you're the only person responsible for your bitcoins, study before doing things and then hold them safe.

    Cheers

    submitted by /u/Grimknuckle
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