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    Bitcoin Daily Discussion, October 08, 2021

    Bitcoin Daily Discussion, October 08, 2021


    Daily Discussion, October 08, 2021

    Posted: 07 Oct 2021 10:09 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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    #Bitcoin moves $2.9 million dollars in value around the globe each and every second.

    Posted: 07 Oct 2021 05:08 PM PDT

    Bitcoiner are stronger than they were

    Posted: 07 Oct 2021 06:46 AM PDT

    Massive bull run incoming !!!

    Posted: 07 Oct 2021 04:49 PM PDT

    The implicit endorsement of Bitcoin by major banks and regulators is going to accelerate the collapse of Gold and the rise of Bitcoin as the preferred safe-haven store of value for both institutional and retail investors.

    submitted by /u/TheCryptoDadd
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    My Brothers girlfriend just found her old hardware wallet containing 0.2 bit coin she said she's holding it for 20 years what do you guys think �� the value will be in 20 years?

    Posted: 07 Oct 2021 11:51 AM PDT

    Salvadorans have more Chivo Bitcoin wallets than Bank accounts!

    Posted: 07 Oct 2021 07:01 PM PDT

    Bitcoin popularity is growing and there is no stop to it!

    Key takeaways from this article:

    Supporters of the Bitcoin Law may have the last laugh.

    46 percent of the population have Chivo Wallet at this time compared to 27% of Salvadorans who have bank accounts as of 2017. The difference is even greater for the low-income Salvadorans.

    Salvadorans appear to be converting U.S. dollars into bitcoin and holding onto the digital currency with Bukele tweeted "The incoming USD quadruples the outflow,"

    Any bitcoin wallet can be used to interact with Salvadoran merchants.

    Bitcoin adoption is likely to continue to rise in El Salvador.

    The impact of Chivo is likely greater among low-income Salvadorans who have access to smartphones but not banks.

    https://www.forbes.com/sites/theapothecary/2021/10/07/in-el-salvador-more-people-have-bitcoin-wallets-than-traditional-bank-accounts/?sh=5f1991d320b5

    submitted by /u/Progress_8
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    Senator Cynthia Lummis discloses a bitcoin purchase worth up to $100,000

    Posted: 07 Oct 2021 05:52 PM PDT

    Raul Paul says if btc ETF approved, btc will possibly go up to 400k this cycle. that would mean 4Trillion market cap. is this possible?

    Posted: 08 Oct 2021 01:31 AM PDT

    14% of the US population holds crypto

    Posted: 07 Oct 2021 10:58 AM PDT

    Bank of America released a report on the digital asset industry, including NFT, institutional investment and growth rate. According to the report, the industry is still "young" and has great potential for future growth. According to research, 14% of the US population currently holds crypto. According to this percentage, the total number of people using crypto as financial assets and payment tools in the US is approximately 21 million.

    submitted by /u/Cinderella0715
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    Nobel Prize in Economic Sciences: Satoshi Nakamoto

    Posted: 08 Oct 2021 01:28 AM PDT

    It's Nobel week in Stockholm, grant Satoshi Nakamoto The Economic Sciences Prize for the priceless contribution of cryptocurrency to the world's economy!

    submitted by /u/somebadmf
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    U.S. Senator Lummis Purchased $50,000 to $100,000 in Bitcoin in August

    Posted: 07 Oct 2021 05:52 PM PDT

    U.S. Sen. Cynthia Lummis disclosed that she purchased between $50,001 and $100,000 worth of bitcoin on Aug. 16, according to documents filed Thursday, the report said. The purchase appears to have been disclosed outside of the 45-day reporting deadline set by Congress. The 2012 Stock Act reportedly requires members of Congress to disclose purchases and sales of stocks, bonds and commodity futures within 45 days of the transaction. The congresswoman has long been a bitcoin bull. She previously said she had first purchased bitcoins in 2013 for $330 each. Lummis' bitcoin disclosures were reportedly previously scrutinized.

    submitted by /u/Anna_198808
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    Institutional Investors Dump Gold for Bitcoin Seeing It as Better Inflation Hedge

    Posted: 07 Oct 2021 06:46 PM PDT

    Still think bitcoin is the culprit? Top British bank, NatWest admitted to facilitating the laundering of a whopping $554 million.

    Posted: 07 Oct 2021 12:30 PM PDT

    First major bank in the US to offer cryptocurrency custody - US Bank baby!!

    Posted: 07 Oct 2021 05:36 AM PDT

    Bank of America: 14% of the U.S. population holds cryptocurrencies

    Posted: 07 Oct 2021 01:45 PM PDT

    Bank of America has released a report on the digital asset industry, including NFT, institutional investment and growth rates. According to the report, the industry is still "young" and has great potential for future growth. The report notes that according to the study, 14 percent of the U.S. population currently holds cryptocurrencies. Based on that percentage, the total number of people using cryptocurrencies as financial assets, payment instruments, etc. across the United States is approximately 21 million.

    submitted by /u/Anna_198808
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    Mexico’s billionaires are clamoring for cryptocurrencies

    Posted: 07 Oct 2021 03:25 PM PDT

    Sat Symbol - Design Initiative (What do u guys think ?)

    Posted: 07 Oct 2021 10:08 AM PDT

    New Bitcoin ATM operated by Black Swan Bitcoin in San Francisco CA Mission District! 2524 Mission St, San Francisco, CA 94110, USA

    Posted: 07 Oct 2021 07:18 PM PDT

    BITCOIN IS POWER!

    Posted: 08 Oct 2021 12:18 AM PDT

    Hi all,

    I got into Bitcoin around April of this year. I listened the Robert Breedlove on Lex Fridman's show and he sparked my interest in the subject matter. Now, I am no one who is just looking for a way to make quick money. Rather than that I was deeply intrigued by his Philosophy and the Austrian Economic Theory behind Bitcoin. I always had slogans like "Big Banks are evil" and "They steal our wealth" in the back of my mind but I never followed up on these claims. That was until said interview. I went on this very sub-reddit and asked Bitcoiners to point me towards something where I can start to learn about the flaws and fallacies in our economy and our financial system. I was referred to the Hidden Secrets of Money Series with Mike Maloney and Saifedean Ammous The Bitcoin Standard. After that I followed the links, the signs, the mentions, the recommendations, the references, the suggestions and I went down A DEEP RABBIT HOLE!!! Not kidding, I spent roughly 500 to 600 hours over the last 6 month reading every book and every article I found, watching every video and listening to tons of podcasts on the topic. And it changed my entire world view, my approach on financial matters and my strategy for long term investing. I am humble enough to know that I still know nothing at all... but one thing I have taken away from this is that people who are not familiar with Bitcoin must not underestimate the NON-FINANCIAL POSITIVE EFFECT a Bitcoin Deep Dive can have on you as an individual. I feel like my laser eyes are slowly starting to glow and they burnt the veil of bullshit mainstream propaganda right off my face. Bitcoin has led me to Mises, Rothbart, Taleb, Hayek and many more. I have an entire shelf on my reading list, and which each book I feel more empowered. Bitcoin has done this. Thus, the thing I am preaching now to friends and family is the following:

    Bitcoin sparks curiosity. Curiosity fuels self-education. Self-education generates knowledge. And knowledge is power. ERGO BITCOIN IS POWER!

    submitted by /u/Ape1108
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    my biggest regret is not buying any bitcoin 5 years ago��‍♂️

    Posted: 07 Oct 2021 07:41 AM PDT

    Investors Are Preferring Bitcoin Over Gold, According to JP Morgan

    Posted: 07 Oct 2021 09:34 PM PDT

    My good friend is fighting on PPV with BTC logo! Fury vs Wilder 3 undercard

    Posted: 07 Oct 2021 04:33 PM PDT

    Bitcoin Is Soaring on Rumors SEC Will Approve BTC ETF in Two Weeks - Decrypt

    Posted: 07 Oct 2021 09:55 AM PDT

    Bitcoin is macro now: Business Insider has quietly replaced EURO/USD ticker from their featured asset tickers to BTC/USD

    Posted: 07 Oct 2021 11:03 AM PDT

    Here's a snapshot of the website from July 1st, where EURO/USD is in the top right corner: https://web.archive.org/web/20210701105114/https://markets.businessinsider.com/

    Here is what the website looks today, with BTC/USD replacing EURO/USD in that spot: https://markets.businessinsider.com/

    submitted by /u/ShotBot
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    A certain kind of stupid

    Posted: 07 Oct 2021 03:15 PM PDT

    Them: "Bitcoin is a sham, not backed by anything real!!" Also Them: "Let's mint a $1 trillion platinum coin and deposit it in the bank, to solve the debt ceiling crisis!"

    submitted by /u/stevenc88
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    "It's easier to pack a suitcase full of cash and take it to the country next door than it is to use the banking system" – Ray Youssef on why Bitcoin is a matter of HumanRights in Africa.

    Posted: 07 Oct 2021 07:18 AM PDT

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