Bitcoin Daily Discussion, October 17, 2021 |
- Daily Discussion, October 17, 2021
- UPTOBER
- Nobody should pay any tax to any government on any digital asset activity, nor accept "bitlicensing" of any individuals; we should use & defend bitcoin, use all legal means on earth and space to lower taxes, admit growth in taxes causes growth in global poverty, and I'm not removing this post. -WAAS
- https://twitch.tv/btc_live For a year now, we stream the visualization of bitcoin mempool transactions in real time, thanks for watching!
- I am now pretty confident that the term "Millionaire" will be replaced by "Wholecoiners" in the near future
- Salvadorans are now selling ‘way more’ US dollars to buy Bitcoin
- My uk bank TSB is no longer letting me transfer money to Coinbase
- BItcoin 2011 ��
- Bitcoin Gorilla - Can you feel the pumpening?
- Good news from el Salvador BTC adoption
- An Indian exchange is showing Cryptocurrency ads on TV channels ��
- Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value
- I hope someone is preparing a reworked Vegeta meme for 90K
- We could have the first spot Bitcoin ETF on the market near the end of this year, as Grayscale intends to file for SEC approval for its product by “early next week,” according to CNBC.
- Only invest what you can “afford to lose” should be a metric you adjust as the price increases.
- This blows my mind
- Morgan Stanley CEO says he respects cryptocurrencies and praised blockchain
- Why a futures-based ETF will massively affect the spot price of BTC - A technical and general analysis
- Have you noticed that QR codes got more common for everyone?
- “We are not interested in adopting Bitcoin as a currency,” says Mexico’s president
- Post from 3 years ago re: BTC to $200k by 2022
- I made a post at the beginning of the year about how I’d be buying btc every week of the year. Here’s how it’s going! The blue circle was when btc first hit 60k, the green circle is now. The difference, is that my btc value has doubled since then, the power of stacking sats, stacking every day!
- Jaron Lanier on Bitcoin, crypto and government. A critique worth listening to.
- Reminder to start hounding your representatives, otherwise your reporting responsibilities will be no different from a Financial institutions...
| Daily Discussion, October 17, 2021 Posted: 16 Oct 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. [link] [comments]  | ||
| Posted: 16 Oct 2021 02:35 PM PDT
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| Posted: 16 Oct 2021 06:51 PM PDT
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| Posted: 17 Oct 2021 01:15 AM PDT
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| Salvadorans are now selling ‘way more’ US dollars to buy Bitcoin Posted: 17 Oct 2021 12:10 AM PDT
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| My uk bank TSB is no longer letting me transfer money to Coinbase Posted: 16 Oct 2021 11:56 AM PDT How the fuck I don't give a flying fuck it's my fucking money I want to stack sats I hate this cunts I'll email them I wish I could spit in the face the person who is behind it It like they own me and tell me what I can and what I can not do I'll be closing my account on Monday Does anyone know a good bank I can use to keep stacking? Am so fucking mad how am I supposed to stack? Fuck banks!!! [link] [comments]  | ||
| Posted: 17 Oct 2021 01:55 AM PDT
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| Bitcoin Gorilla - Can you feel the pumpening? Posted: 16 Oct 2021 08:03 AM PDT
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| Good news from el Salvador BTC adoption Posted: 17 Oct 2021 02:02 AM PDT President Bukele reacted on social media after the rebound in price to $60k. The president also wrote two new great facts, one people are inserting much more dollars to buy bitcoin than what they are withdrawing from ATMs, second, in a single day, El Salvador Received 24,076 remittances which account for more than $3 million Dollars IN A DAY. [link] [comments]  | ||
| An Indian exchange is showing Cryptocurrency ads on TV channels �� Posted: 16 Oct 2021 11:51 AM PDT
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| Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value Posted: 16 Oct 2021 08:32 AM PDT
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| I hope someone is preparing a reworked Vegeta meme for 90K Posted: 17 Oct 2021 12:04 AM PDT | ||
| Posted: 16 Oct 2021 12:59 PM PDT
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| Only invest what you can “afford to lose” should be a metric you adjust as the price increases. Posted: 16 Oct 2021 04:26 PM PDT I hear you HODLers; for the rest, hear me out. At the moment, risk tolerance is high because there's few reasons worth cashing out. However, one of the mantras of crypto is "only invest what you can afford to lose." As we start to see new ATHs, some must consider "what NOW can I afford to lose?". The sell metric should be personal and at whatever price you "can't afford to loose." Waiting for the next ATH is not freedom. Financial freedom is not being controlled by finances. [link] [comments]  | ||
| Posted: 16 Oct 2021 04:42 AM PDT A single piece of paper with 24 random words written on it can do the same thing as an entire banking franchise that consists of 10 HQ buildings, 1000 branches and 100,000 employees. [link] [comments]  | ||
| Morgan Stanley CEO says he respects cryptocurrencies and praised blockchain Posted: 16 Oct 2021 02:38 PM PDT
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| Posted: 16 Oct 2021 10:06 AM PDT The SEC has now finally approved a Bitcoin Futures ETF. However it seems like the sentiment about this in terms of price movement for Bitcoin is not where it should be. People think that purchases of a futures ETF will have almost no affect on the spot price of BTC, which is absolutely untrue. Technical Analysis When a futures ETF launches, there will be way more buying than selling pressure. We can see this already, because futures on exchanges trade for a much higher price than BTC spot. On FTX, the BTC-0325 Future is trading at 65'600$ while BTC is trading at 61'080$. When futures ETFs launch, they too will reflect higher prices than the Bitcoin spot price. What will risk-averse, smart investors do? They will short the high ETF price, BUY BTC spot on a lower price and pocket the difference. Currently doing this on an exchange would yield a 7.5% risk-less return within the next 6 months. ELI5?: I will now spot-buy Bitcoin for 61k and sell it to you for 65k BTC on March 25th. I can arrange and fix this sales price by shorting the ETF now. I have made 4k of secure profits. As you can see in this example, the availability of a futures ETF directly affected the spot demand of BTC. With more and more ETFs launching and trillions of dollars being directed towards them, price spreads will increase and so will the buying pressure on spot markets. This is huge and many have yet to understand this. General Analysis The approval of a Bitcoin Futures ETF on Wall Street will legitimize the asset once and for all in the US. It brings the credibility of crypto to a new level for many higher-ups in finance. Also, regulation is still one of the biggest risks we're facing. The further crypto can spread, the harder it will be to regulate crypto in a way that is harmful to the financial industry. And an ETF is doing exactly this, no matter whether it is futures-based or not. You cannot take down something that is so deeply connected to the economy. Once people allocate their 401k, IRAs etc. regulators will be even more weary of hurting the crypto space. Summary The launch of a US futures based BTC ETF is huge, both from a technical and general perspective. It is untrue that it won't directly affect spot prices and this will soon become clear to us all. [link] [comments]  | ||
| Have you noticed that QR codes got more common for everyone? Posted: 17 Oct 2021 02:39 AM PDT I don't know if I'm the only one to have noticed that, but in my opinion, when I was showing someone how bitcoin works, people where always saying "Ah, and that works with this QR code thing" - as in they heard about it, maybe have used it. So in the process of explaining, there was always this new unknown variable for him with those Codes. This is now fixed. Everyone in the last 2 years has used QR codes on several occasions, and QR codes are a more common thing now. Why is this important? When Bitcoin was invented, smartphone usage wasn't common, you could have just send it with your laptop or PC near you which wouldn't make it easy to carry. Before Corona, it wasn't easy to spend. (Also lightning, but that's anitjer great story for another time). Now, common folks are way more comfortable with using QR-Codes thus making Bitcoin more usable because the knowledge of technology use increased. So this is good for Bitcoin. [link] [comments]  | ||
| “We are not interested in adopting Bitcoin as a currency,” says Mexico’s president Posted: 16 Oct 2021 05:16 PM PDT
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| Post from 3 years ago re: BTC to $200k by 2022 Posted: 16 Oct 2021 11:48 AM PDT
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| Posted: 16 Oct 2021 06:34 PM PDT
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| Jaron Lanier on Bitcoin, crypto and government. A critique worth listening to. Posted: 17 Oct 2021 03:02 AM PDT
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| Posted: 16 Oct 2021 10:31 AM PDT
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