• Breaking News

    Tuesday, August 24, 2021

    Home Unlabelled Bitcoin Daily Discussion, August 24, 2021

    Bitcoin Daily Discussion, August 24, 2021

    August 24, 2021

    Bitcoin Daily Discussion, August 24, 2021

    Daily Discussion, August 24, 2021

    Posted: 23 Aug 2021 10:06 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
    [link] [comments]

    Breaking News: Bitcoin went up and then went down and then went up again!

    Posted: 23 Aug 2021 08:47 PM PDT

    "It is incredible" Tom Button from Lemont, Illinois said out of a crowd of pale basement-raised neckbeards. "First I saw that Bitcoin went up. When I checked next, Bitcoin were going down. I thought that's it. Bitcoin isn't gonna make it this time. And then, boom, Bitcoin went up again!" Tom said as bystanders were clapping. Sarah from Toronto reported that she has just finished stacking stats up 0.1BTC high. "It's awesome to be part of such a movement which will change the world" said the nineteen year old girl. According to the bitcoin reddit, it's never too late to start stacking sats. Also, watch out for scammers and never share your seedphrase.

    submitted by /u/B1ggusDckus
    [link] [comments]

    Africa now has the largest amount of Bitcoin peer-to-peer trading volume in the world—even more than North America. ��

    Posted: 24 Aug 2021 01:31 AM PDT

    The Seven Rules of Bitcoin Investing

    Posted: 23 Aug 2021 09:32 PM PDT

    I am a long term hodler from 2013. Here is my personal advice for new investors, I hope it will help someone.

    1.) Don't invest more than you can afford to lose. Bitcoin may go to $1M and it may go to $1. I give either one about an equal chance at this point. Bitcoin has been good to me but it is very volatile and high risk so invest according to your risk profile.

    2.) Keep your coins safe, ideally in a hardware wallet . If you want to use an exchange Coinbase is at least a public company registered with the SEC.

    3.) Stay away from shitcoins.

    4.) Don't trade bitcoin. No one can make sense of the swings, buy and hold for 5 years and see how much you make.

    5.) Don't get too caught up in in the swings. Over the years I have seen my coins go up 1000% and then down 80%. Don't get caught up in the fud or fomo, think long term.

    6.) Plan your personal moon. Have an exist strategy to pay off your mortgage, college loans etc. when you hit certain amounts.

    7.) Always keep some. You never know how high it will go in the future so always keep some BTC long term.

    Good luck friends

    submitted by /u/StepheninVancouver
    [link] [comments]

    37% of American Investors Would Not Cash out Their Crypto Even in Critical Moments

    Posted: 23 Aug 2021 07:53 AM PDT

    El Salvador is installing 200 ATMs to handle crypto adoption, president says

    Posted: 23 Aug 2021 08:52 PM PDT

    Bears In Disbelief: Michael Saylor's Bitcoins Now Worth $5.2 Billion as BTC Returns to $50k

    Posted: 23 Aug 2021 10:09 AM PDT

    "The US dollar is one of the strongest currencies of the past 100+ years. Yet it has lost 96% of its purchasing power since 1913."

    Posted: 23 Aug 2021 11:37 AM PDT

    Bitcoin closing in on precious metals... Will overtake silver soon

    Posted: 23 Aug 2021 10:17 PM PDT

    Everyone is concerned about BTC beating gold. Let's talk about all of the metals global market cap.

    Platinum -- $0.0069 Trillion (total mined value)
    Bronze -- $0.00938 Trillion
    Iron -- $0.137 Trillion
    Bitcoin -- $0.929 Trillion
    Silver -- $1.36 Trillion
    Copper -- $4.2 Trillion (total mined value)
    Gold -- $10.7 Trillion

    Let's not focus on gold, but the fact that BTC is even in the running here. It's a valuable asset, not a corporation that can fade away or lose complete value based on a few mistakes.

    Let's go.

    NOTE: If you're a supporter of a metal that lost to BTC, please downvote. If you're short and losing out, please downvote.

    submitted by /u/AngryMooseTesticles
    [link] [comments]

    Update-Sold my condo for bitcoin

    Posted: 23 Aug 2021 11:30 PM PDT

    This is not a bitcoin hype file. 10 things I've learned. Hopefully they can help you.

    1. Time is not on your side. As you get older, you will see friends deny this. I'm 38. Get a plan. As fast as possible. If not, you wake up 50, in a small apartment, and say where did life go. If you are 50 in this situation, let's go and turn things around.
    2. You have more opportunities than you can imagine. It is your choice on whether you want to pursue them.
    3. Don't use money you need to pay bills on investments and don't used borrowed funds. These create very stressful situations.
    4. If you want to go for it, go for it. But actually go for it. Live like a poor person if you're the salesperson of the month. Embrace the pain. Put off rewards for 2 years.
    5. Most of our wages will go down over the next 5 years. Jobs are being replaced by computers at a massive clip...so your wages will go down in real value.
    6. Most ngmi-I've realized most people go with the flow. They get on the river of life and hope there are no rocks.
    7. My typical friend makes $15k a month, has no kids, and 8/10 have no bitcoin.
    8. If you blow the next 5 years, it's on you.
    9. Don't tell your boss how much btc you have. Be very careful about who knows what.
    10. Be humble and attempt to be a decent person.
    submitted by /u/throwaway29801A
    [link] [comments]

    Help me convince my father to not sell his BTC

    Posted: 23 Aug 2021 06:12 PM PDT

    Long story short, my father wants to sell his BTC when the price goes back to $65000.

    He wants to trade it, so he can "buy back lower". I tried to say this is a mistake, that most people that try to time the market usually loses money, but he is not listening lol

    He doesn't understand the fundamentals very well, he sees BTC just as a very volatile stock.

    submitted by /u/DestructorEFX
    [link] [comments]

    El Salvador - There will be 200 ATMs and 50 branches capable of converting Bitcoin into U.S. dollars starting on Sept. 7

    Posted: 23 Aug 2021 09:23 PM PDT

    "I would be surprised if 10 years from now we're not using electronic currency in some way, now that we know a way to do it that won't inevitably get dumbed down when the trusted third party gets cold feet." ― Satoshi Nakamoto, 17 Jan 2009

    Posted: 23 Aug 2021 11:53 PM PDT

    Was reading the mailing list in which Bitcoin was announced, and found this quote there

    submitted by /u/nullama
    [link] [comments]

    The real Tulip �� in the room is Fiat currency �� not Bitcoin. Once scarce and valuable, now abundant and losing value.

    Posted: 23 Aug 2021 06:37 PM PDT

    It wasn't all that long ago people would hoard coins in piggy banks and commercial banks paid substantial competitive interest to entice savers to deposit your wads of notes with them.

    People and banks not only wanted fiat cash, but they wanted to cling on to it, as it was perceived as being scarce and valuable.... just like tulips.🌷

    These days.. no one wants to hold on to or lock cash up for any considerable period.

    In fact.., everyone wants to exchange it for something that they perceive as better value or that will hold value for longer.

    The crypto community isn't unique in this regard... no one actually wants to hold on to wads of cash anymore.

    People would rather exchange it for property, stock, precious metals, crypto etc etc.

    Our strategy of wealth preservation isn't the exception, it's the norm.

    The biggest plot twist for all those crypto cynics calling Bitcoin the tulips and tulip mania.. is when they finally wake up to the fact that tulips of the modern era is in fact fiat currency.

    submitted by /u/jam-hay
    [link] [comments]

    El Salvador Adopts Bitcoin As Official Currency, Will Take Effect On 7 Sept 2021

    Posted: 24 Aug 2021 02:56 AM PDT

    El Salvador To Install 200 Bitcoin ATMs As Part Of Crypto Rollout Plans

    Posted: 23 Aug 2021 10:51 PM PDT

    Iran to Lift Ban on Bitcoin Mining Next Month: Reports Earlier this year, Iran was responsible for an estimated 4.5% of Bitcoin mining globally.

    Posted: 23 Aug 2021 12:08 PM PDT

    Does coinbase earn really pay you? How much has anyone here gotten for completing all or their learning requests?

    Posted: 23 Aug 2021 11:52 AM PDT

    I saw an ad that coinbase pays you to learn stuff about crypto

    Curious to how much I can earn at the most

    submitted by /u/DuskInHD
    [link] [comments]

    I made my own seed backup. Would you be using one like this? Took me a while to design it and craft it :D. HAPPY HODL GUYS!!

    Posted: 24 Aug 2021 03:25 AM PDT

    El Salvador to Open ATMs, Kiosks for Bitcoin Exchanges

    Posted: 23 Aug 2021 05:03 PM PDT

    Bitcoin Price Prediction - Will BTC Price Hit $100K in 2021?

    Posted: 24 Aug 2021 03:35 AM PDT

    My take on Bitcoin

    Posted: 23 Aug 2021 02:05 PM PDT

    I've only been here for a year, but here's my take after running like Forest Gump all over the crypto-sphere:

    Bitcoin represents the first implementation of digital scarcity. Originally intended to be a currency, it has evolved into a store of value, which speculation has caused to exponentially increase in value at about a 200% increase year-over-year even through all its volatility. Bitcoin is the concept of hard money. It is referred to as "digital gold". There will never be more Bitcoin, so as long as enough people agree that it's value is all encompassing and act accordingly (by buying more), it's price will literally only go up over time.

    It is a perfect vehicle because it is a conceptual one. There will never be a replacement to Bitcoin, because logically why would anyone put faith into a replacement — if the concept of hard money can just be replaced, then the replacement would be even more easily replaced and the concept of the perfect store or value would cease to exist.

    Bitcoin continues to succeed because the people who are believing it into existence are doing so by putting their money where their mouths are - they buy it. Bitcoin Maxis buy it with every dollar they can get their hands on and are even motivated to work harder to get more money to buy even more, no matter the price! Built into Bitcoin is the concept of the halving, where the computers that run and secure the network are rewarded half as much for doing so every 4 years. This assures a quickly dwindling supply for the market, and a reinvigoration to the community and increased rarity of the coin.

    The beauty of Bitcoin is a perfect synergy between many aspects - its simplicity, its security, its transparency, its immutability. There has yet to be a problem that it hasn't eventually crushed with the sheer weight of its concept. Bitcoin being the vehicle for the concept of hard money allows one to follow through many logical thought experiments that have interesting outcomes. My favorite:

    Bitcoin will eventually optimize everything by absorbing all excess. When priced against Bitcoin, everything will eventually be worth only its utility. The real estate market and gold market are two examples of markets that should eventually be drained of their store of value bloat. There shouldn't be empty homes with million plus dollar price tags while there are so many people with nothing. Bitcoin can fix that.

    Every person that doesn't believe in Bitcoin or who needs or wants something other than hard money will put their purchasing power elsewhere, and in doing so will be pricing those items for their utility to them. People taking out loans on their Bitcoin to make these purchases will further buy up the price of Bitcoin first. The more attractive Bitcoin gets, the cheaper everything else will become in comparison.

    As more people glimpse Bitcoin's potential and the more Bitcoin Maxis are born, more and more money will flow through Bitcoin, thus increasing the price forever until it eventually eats the whole world economy.

    This may sound unfathomable to people, but it is a very real possibility for the future and makes logical sense when you follow through the incentives to society. The efficiency of the concept is what is important, not the amount of transactions it can process in an hour. Layer-2 solutions (the lightning network) solves that FUD anyway.

    I should also mention that I do not consider myself to be a Maxi, but I do appreciate the mindset. Other concepts being tokenized are each having their own gold rushes, but we are so early and the value of other utilities is difficult to assess. Eventually people may mostly fund those other concepts with their leveraged wealth with all roads leading through Bitcoin.

    TLDR; Bitcoin is the concept of hard money. Bitcoin Maxis ensure a steadily increasing floor price by always buying more. It is a self-fulfilling prophecy. The best strategy should be to horde Bitcoin until several floors are established above your buy-in, then take out and roll over a 25% loan on your assets to fund your life/invest more. Not financial advice.

    submitted by /u/Into-the-Beyond
    [link] [comments]

    Michael Saylor: We Custody Our Bitcoin And Do Not Lend It Out

    Posted: 23 Aug 2021 02:23 PM PDT

    Publishing platform Substack now accepts Bitcoin payments

    Posted: 24 Aug 2021 03:05 AM PDT

    A Happy Solar Miner

    Posted: 23 Aug 2021 07:02 PM PDT
    Read more
    at

    No comments:

    Post a Comment