Bitcoin Daily Discussion, October 09, 2021 |
- Daily Discussion, October 09, 2021
- Today, I made history. Thanks to bitcoin.
- one of my deliveries today. Over 200 this time and more on the way
- I'm from El Salvador...UPDATE 3
- Just drove by a handmade sign for papusas and stopped by the shop
- Bitcoin—not gold—is the new inflation hedge, says JPMorgan. A Thursday report by JPMorgan affirmed that institutional investors see Bitcoin as a better inflation hedge than gold.
- I'm better with Bitcoin
- Bitcoin—not gold—is the new inflation hedge, says JPMorgan
- Converted my first nocoiner today :)
- Honey Badger don’t give a F**K!
- Some people are talking FUD about Bitcoin Adoption in El Salvador this was taken today ar 4:20 in the second largest city people are using BTC regularly withdrawing or making deposits. The future is now
- 98% of retirement accounts in the US can’t access Bitcoin. That’s $36,800,000,000,000 What happens when they do?
- The first time I heard of BTC was in 2016, BTC was 600$ I thought it was too expensive, the next time I checked was in 2021 BTC was 64,000$.
- "Thieves break into Silicon Valley liquor store .. not to steal the cash ATM, but to steal the Bitcoin ATM." #WE'RE STILL EARLY
- Bloomberg Believes Securities And Exchange Commission (SEC) May Approve Four Bitcoin ETFs For The First Time By The End Of October
- My father, a banker, bought BTC today
- Integrated Marketplace Will Allow Over 700 El-Salvadorian Commercial Outlets to Sell Products and Services Priced in BTC
- Why A U.S. Bitcoin ETF Has A 75% Chance Of Being Approved In October
- PSA: Marketcap is NOT the total dollars spent on a coin
- Pro-crypto senator Cynthia Lummis discloses up-to-$100K BTC purchase
- Our ticket out!
- Bitcoin geo-cache in Vermont
- U.S Senator Lummis purchases $100k worth Bitcoin - TheDailySats
- It may not be a BTC ETF, but it's the closest thing yet. On Thursday, the first ever 'Bitcoin on Balance Sheet' ETF was greenlit by the SEC.
| Daily Discussion, October 09, 2021 Posted: 08 Oct 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. [link] [comments]  | ||
| Today, I made history. Thanks to bitcoin. Posted: 08 Oct 2021 05:56 PM PDT First off, sorry about my English. I am an immigrant in English spoken country. All my life I worked in minimum wage jobs and tried to save as much as possible. Imagine a life, without dining in a luxury restaurant or buying a decent car. All I did was save and invest in stocks and got nowhere. One day I was mad and went to my bank. Withdraw half of my savings and bought a few Bitcoins. At the time bitcoin was around $900 in 2017. This year I injured myself couldn't work for almost a year, still cant but am doing better though. My husband working but isn't enough. I knew I promised myself to HODL as long as but my family comes first. Today I cashed out some of my bitcoins, paid off my daughter's student loan, paid off my rest of house mortgage (65k ), took my family to a luxury restaurant to celebrate. I still left 1 BTC each to my 2 kids. I trusted bitcoin and I still do. Thanks, bitcoin today and rest of my life. [link] [comments]  | ||
| one of my deliveries today. Over 200 this time and more on the way Posted: 08 Oct 2021 12:47 PM PDT | ||
| I'm from El Salvador...UPDATE 3 Posted: 08 Oct 2021 02:24 PM PDT It's been a while so I'll give you an update on how things are going.
Do people hate btc?
Chivo App (official wallet) Chivo app is now available to most devices and it works fine most of the time although there are moments when either it's on maintenance mode or simply die. There are some cases where chivo app stop working the moment you want to pay…some "karens" have made a fuss at supermarkets or fast-food restaurants, LoL.
Problems with registration I'll explain this giving some context, the main identification we Salvadoran have is called DUI which stands for "Documento Único de Identidad" (Unique identity document). This ID shows your photo, name, date and place of birth, if your single or married, parents name, your address and a 9-digit number. This number is unique to every person however it's not something you maintain in secret. You usually use your DUI to when making a contract or any other legal procedure…or simply use it to prove your not underage when buying alcohol, LoL. By itself, the DUI number it's useless, legal documents will also require you to personally sign aside other stuff. You can use your DUI number in raffles, polls and other stuff like that. People can't robe or scam you just because you give them your DUI number, so nobody actually cares about keeping the number in secret. Now that I explained that, here's the issue. To register in chivo app and get your $30 bonus, first you type your phone number, DUI number, take a photo of your DUI and a photo of yourself, and type a security code (your standard KYC). People found out that, to complete the registration process you only need a phone number and DUI number, there is actually no verification of your ID and face photo, just taking a random photo will let you complete the registration. Some people take advantage of this and start craving for DUI numbers, there many data bases that have hundreds and thousands of DUI numbers, you can usually buy these things for marketing purposes (SMS - emails campaigns, segmentation, etc.). You can also buy a phone number for $1. You probably can get the idea of what the problem is…now that chivo app is available to most devices, people start discovering that their DUI number has already been registered, so they can't use the app and even less get the $30 bonus. There haven't been any official communication from government about this problem however the director of police department said in an interview that people who are doing these things will get arrested, investigations have started. Here's an article, altough in spanish, might have to use google translator. Remittances There are three main ways to send money from overseas to my country.
Btc mining The power of volcanoes! ...(sigh) I'll be honest and tell you all that this is marketing…at least for today, 2021. In my country we need to buy (import) electricity from other countries to meet the demand. So don't expect a big mining farm from the get go, maybe in 10 years there will be a really big mining farm sustained with clean energy. Also, we are taking away this clean energy to direct it exclusively to btc. Good for btc, bad for my country. Anyways, thanks to this there might be mayor investments in geothermal energy. Geothermal energy needs to be developed through time; it's not just finding a vein of water. Here is a presentation with some data…although it's a decade old, it might give you some insights about geothermal development…it's in English btw. There's also the math of the cost of btc mining and the actual gains but since I don´t have any information I´ll skip that for now. People's behavior As I've said multiple times, nothing has really changed, we just have a new payment method. People are starting to know how btc works, the bearish and bullish market, etc. On a daily basis there's no difference between USD and btc, people are showing interest in crypto as an investment method and not a currency…most businesses like restaurants and supermarkets accept btc as payment, there are others who only accept USD, either because they're against it or don't give a shi… there are others who doesn't accept btc because people don't show interest in paying with btc. There was also a big promotion in the price of gas, minus $0.20 for a gallon. However, I don't see a big fuss about this…which is weird… the promotion will end around October 14th so I'll wait for any data that might come out. Unfortunately, we don't have any data about chivo aside the presidents' tweets, which I personally don't trust as a source. There are some polls out there of how many people uses btc as payment but I still think it's to early to get that type of info, consumer behavior wont change in a short period of time. ---- Truth to be told, foreigners might feel more the hype than Salvadorans LoL. As always I'll try to answer your questions and explain things as long as I can. [link] [comments]  | ||
| Just drove by a handmade sign for papusas and stopped by the shop Posted: 08 Oct 2021 07:31 PM PDT Turns out the 3 women running this little restaurant were all Salvadoran immigrants. I asked if any of them ever remitted money home (I had to bring it up) and they all said freely that they do every week. I got some weird looks for this question so I explained my interest in bitcoin and how El Salvador was a big deal for people in the space. At that point they understood where I was coming from, relaxed a bit, and the most talkative of the group mentioned they were all using Chivo now. She asked if I had heard of it. Of course I was excited, responded yes, and asked if they preferred Chivo to their previous way of remitting money. Again the most talkative of group said when she used to send $50 usd home each week through Western Union, it would cost her $8 in fees and would take days to arrive. She excitedly said now it's free and instant for them and it's very helpful to their families in El Salvador. At one point she said, "This is from Bukele's bitcoin, so we like it." which cracked me up. This happened in NW Oregon mind you. It was a serendipitous and surreal experience as someone who is deeply interested in the global bitcoin movement. Thought I'd share with the sub. The bitcoin network is effecting positive change and I heard about it firsthand today. Cheers to all the real bitcoiner's. Also, the papusa was bangin. [link] [comments]  | ||
| Posted: 08 Oct 2021 02:46 PM PDT | ||
| Posted: 08 Oct 2021 05:29 AM PDT
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| Bitcoin—not gold—is the new inflation hedge, says JPMorgan Posted: 08 Oct 2021 08:10 PM PDT
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| Converted my first nocoiner today :) Posted: 09 Oct 2021 01:10 AM PDT I'm currently traveling in Italy and met a guy who works at a restaurant. During our conversation he mentioned something about crypto, but that he has always been on the sidelines because he doesn't understand it at all. Poor guy was working 14 hour shifts, and you could see his exhaustion. I'm never one to impose my knowledge or views on people, but I saw this guy could benefit from it and already curious, so I decided to explain. I had to explain it like I was talking to a 5 year old because his financial literacy was low, but when I saw him wrap his head around concepts like fiat debasement his eyes would light up. Eventually half an hour into the conversation he had a lightbulb moment and said he had heard enough. All he wanted to know was how and where he could start stacking ASAP. He was completely sold and finally understood; it was honestly such a beautiful moment. I showed him the ropes on how to access it, stay clear of scams, protect your keys, lowest fee exchanges etc. I also left him with the €35 cash I had left in my wallet, but only if he buys bitcoin with it and never sells, otherwise I want it back 😂 He would not stop insisting on driving me to the airport. And this was before any of our bitcoin conversations happened. It always blows my mind how the people who have the least are the most giving ❤️ This is honestly what it's all about. Bitcoin is designed to bring people out of poverty. It feels great catching your own fish, but even better teaching someone else to fish. Every person you help with the knowledge of bitcoin is one step closer to undoing all the injustice our governments and central banks have inflicted upon us. Peace ✌️ [link] [comments]  | ||
| Honey Badger don’t give a F**K! Posted: 08 Oct 2021 05:54 PM PDT
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| Posted: 08 Oct 2021 05:27 PM PDT
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| Posted: 08 Oct 2021 10:03 AM PDT Read this, this morning from Dan Held and it gave me the boost I needed for further investment right now ! 🚀 EDIT: with poss analysis! https://mobile.twitter.com/invest_answers/status/1446188349123792904 [link] [comments]  | ||
| Posted: 08 Oct 2021 05:51 AM PDT | ||
| Posted: 08 Oct 2021 01:02 PM PDT
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| Posted: 08 Oct 2021 07:07 AM PDT
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| My father, a banker, bought BTC today Posted: 08 Oct 2021 11:13 AM PDT My father, assistant bank manager at one of my country's largest banks, finally listened to me today and bought BTC. I've told him about crypto before, but he's been reluctant. His boss told him earlier this summer that if he bought crypto, he's fired. My dad sees the potential and does not give a fuck. [link] [comments]  | ||
| Posted: 08 Oct 2021 11:07 PM PDT
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| Why A U.S. Bitcoin ETF Has A 75% Chance Of Being Approved In October Posted: 09 Oct 2021 02:10 AM PDT
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| PSA: Marketcap is NOT the total dollars spent on a coin Posted: 08 Oct 2021 08:35 AM PDT Alice has 100 apples. Bob buys 1 apple from her for $1 dollar. Apples now have a marketcap of $100. The end. [link] [comments]  | ||
| Pro-crypto senator Cynthia Lummis discloses up-to-$100K BTC purchase Posted: 09 Oct 2021 12:56 AM PDT
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| Posted: 08 Oct 2021 11:09 PM PDT I feel grateful to have been given an opportunity to opt out (by choice) of our existing fiat financial system. The more money that I choose to place in this future utopian realm, the more confident I feel that we are making the right decision for all of humanity. Now is the time to buy in to BTC, and opt out of the financial death grip of excessive money printing, inflation, and consumer culture. [link] [comments]  | ||
| Posted: 08 Oct 2021 10:59 AM PDT Just loaded up a wallet with 0.0015 btc. Wrote the 12 word private key on a sticky note and left it into a geo-chache located on a peak in Vermont. The longer it takes someone to find it and realize what the 12 words mean the more it will be worth. Good luck! [link] [comments]  | ||
| U.S Senator Lummis purchases $100k worth Bitcoin - TheDailySats Posted: 08 Oct 2021 10:51 AM PDT
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| Posted: 08 Oct 2021 12:59 PM PDT |
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