Bitcoin Daily Discussion, November 26, 2021 |
- Daily Discussion, November 26, 2021
- Just Buy $100
- When an asset drops 10% in a matter of minutes, here's what happened:
- Nayib Bukele El salvador's president announces his new plan for "Bitcoin City" including buying $500 million worth of crypto.
- You know what time it is
- Singapore approves Bitcoin fund that trades physical BTC
- My bank isn't letting me invest in crypto
- An awesome visualization - http://bits.monospace.live
- Don't Buy Bitcoin. It's Going To Crash!!!
- New covid Zimbabwe Variant will cause hyperinflation in USA and every country.
- Tongan MP plans bill to make bitcoin legal tender
- Cryptocurrency capital gains is unrealistic and countries that impose it are slowly destroying their own economies.
- Hardware Wallets
- Out of the stock market and into Bitcoin
- 22 percent of a bitcoin
- Bitcoin Needs to Drop 80% Before Marathon Loses Money on Mining
- Bitcoins difficulty adjustment is its most important feature
- Richard Werner explains money 'printing'
- Bitcoin is the safest investment
- What's the worst thing the US government can do against bitcoin?
- The future is bright, the future is Bitcoin
- El Salvador just bought the dip
- my crypto golden rules:
- Well, it's A problem
- Not Financial Advice, but...
- Hillary Clinton spreading FUD on crypto... can someone explain it to her how it works?
| Daily Discussion, November 26, 2021 Posted: 25 Nov 2021 09:03 PM PST 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: 26 Nov 2021 03:06 AM PST
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| When an asset drops 10% in a matter of minutes, here's what happened: Posted: 26 Nov 2021 09:50 AM PST Step 1: Corporations with large amounts of money borrow thousands of BTC. Step 2: They take the BTC and dump it on the market. This blows through buy walls and causes leverage traders to be liquidated. Step 3: Fear and panic spread through the market. Shills and salty traders alike will flood social media with FUD. The price further dips. Step 4: The hedge funds close the loop: they buy back the BTC they borrowed, pay back their lenders, and generate a profit. They can do this because they have capital that you and I do not have. And they do it over and over. Don't fall for their tricks. Just hodl. Or better, buy whenever you see a -10% price dip. You can be assured that this was NOT a bunch of ordinary individuals, who happen to take profits at the same time. Bitcoin is truth. [link] [comments] | ||
| Posted: 26 Nov 2021 08:21 AM PST
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| Posted: 26 Nov 2021 07:29 AM PST
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| Singapore approves Bitcoin fund that trades physical BTC Posted: 26 Nov 2021 08:49 AM PST | ||
| My bank isn't letting me invest in crypto Posted: 26 Nov 2021 03:19 AM PST Title says it all, to name and shame its HSBC, won't even let me put £20 in a week.. haha what a joke. Im jn the UK, does anybody know a good bank that will let me invest in crypto? Ofcourse they had to stop me RIGHT AT A 10% SALE lol, so frustrating, any help will be appreciated as I am closing my account with them :) [link] [comments] | ||
| An awesome visualization - http://bits.monospace.live Posted: 25 Nov 2021 12:45 PM PST
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| Don't Buy Bitcoin. It's Going To Crash!!! Posted: 26 Nov 2021 01:27 AM PST
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| New covid Zimbabwe Variant will cause hyperinflation in USA and every country. Posted: 26 Nov 2021 05:05 AM PST No country can stop printing endless amounts of money until covid is over. USA was just starting its taper and now will have to U-turn to print even more money. Except more rounds of stimulus and more supply chains disruptions. Wagies are gonna quit due to wages becoming even more worthless as hyperinflation kicks in. The price wage spiral has already started and things are about to start speeding up. Get to the Bitcoin lifeboats [link] [comments] | ||
| Tongan MP plans bill to make bitcoin legal tender Posted: 25 Nov 2021 08:45 PM PST
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| Posted: 25 Nov 2021 10:47 PM PST If you owe CGT you should report and pay it.. The problem is not the fact you owe money as most people are willing to pay what they owe (most people) just so they can sleep better at night. However the problem with CGT in crypto is that it's near impossible to track and report and calculate meaning even when you are trying to do the right thing you are likely to still be on the wrong side of the law. From forks to defi to staking to gas fees to farming yield to DAOs to streaming money etc etc its impossible to calculate record and report CGT events on every single action and transaction made within the crypto space. Crypto is an asset class where you can unknowingly have 20 CGT events in a single day that all require record keeping and reporting on your taxes. In other words CGT within crypto makes otherwise hard working innocent law abiding citizens tax frauds by default. The only answer is to set up your life so you do not owe CGT. If you are from or live in a country that has CGT on crypto then MOVE to a country where there is no CGT on crypto, this way there is nothing to report and therefore you can't accidently end up on the wrong side of the law. This is exactly the reason so many bitcoiners are moving to Dubai / Singapore / Portugal / Cayman Islands etc, it's not because they are trying to save 22% its because they want to be able to use and experiment with all this new and exciting technology without having the tax office knocking on their door for not reporting some pancake swap that resulted in some staking yield from a DAO they overlooked. CGT suffocates this space by making record keeping and reporting next to impossible to comply with, so MOVE to a country that does not tax crypto so you can breathe and not have to worry about the tax office imprisoning you just for experimenting with new technologies. Not only will your life be so much better but you will be living in a country where crypto will flourish. No companies are going to set up in countries with tax laws that make operating requirements impossible to comply with, they are all going to set up in Dubai and Singapore. Imposing CGT on crypto is the equivalent of imposing taxes and reporting requirements on visiting websites and sending emails back in 1995. Crypto is flourishing in countries that do not impose CGT, move their now not just to simplify your own life but to enjoy living in a city where crypto businesses will flourish making life in those cities heaven for crypto users. [link] [comments] | ||
| Posted: 25 Nov 2021 07:53 PM PST Just throwing this out there, but for anybody who's hesitant to buy a Ledger/Trezor/etc. out of fear that it will be too complicated to set up, it's not. I'm a crypto noob and it was easy. Dead easy. Just do it. [link] [comments] | ||
| Out of the stock market and into Bitcoin Posted: 26 Nov 2021 07:55 AM PST Well I took advantage of the Black Friday sale and cashed all my underperforming stocks out and bought btc with it. Took a minimal hit but hoping the recovery erases that. Having said that: I don't like to use my main wallet for exchanges, anyone have a recommendation on a secondary wallet that I could use for doing exchange transfers only? [link] [comments] | ||
| Posted: 25 Nov 2021 03:39 PM PST As a 28 year old, is 22 percent of a bitcoin a good long term retirement fund? [link] [comments] | ||
| Bitcoin Needs to Drop 80% Before Marathon Loses Money on Mining Posted: 26 Nov 2021 10:01 AM PST
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| Bitcoins difficulty adjustment is its most important feature Posted: 25 Nov 2021 11:40 PM PST I was recently reading about the bitcoin difficulty adjustment and thought i would share for those less familiar. In my view the difficulty adjustment is bitcoins most important feature. Miners compete to find the next valid block in the bitcoin blockchain. Satoshi included code in the protocol that adjusts the difficulty for finding this valid block. Every 2016 blocks the protocol will calculate what value the difficulty rating needed to be in order for those previous 2016 blocks to have been found exactly 10 minutes apart. This rating is then applied to the network for the next 2016 blocks (roughly 2 weeks). This feature is ultimately what gives certainty to bitcoins supply schedule. Beautiful. [link] [comments] | ||
| Richard Werner explains money 'printing' Posted: 25 Nov 2021 08:46 PM PST
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| Bitcoin is the safest investment Posted: 26 Nov 2021 10:50 AM PST Even if it falls to 30, there's no way in hell that it won't go back to 65 again. Maybe not tomorrow, maybe not next month but it's bound to happen according to the fluctuation trend of the most popular crypto on the planet. I invested $10,000 at 62 and not worried at all. [link] [comments] | ||
| What's the worst thing the US government can do against bitcoin? Posted: 25 Nov 2021 12:35 PM PST Serious, theoretical discussion. I'm not claiming to be an expert on bitcoin, but just want to hear some thoughts. Let's say bitcoin is a big threat to the dollar's status as a reserve currency, what is the worst case realistic scenario? Let's not discuss "US government waltzes into your homes and takes your hardware wallet" because that's not a realistic scenario. If we reach that point, we have much bigger problems. From what I can see, they've already done the worst and it's set capital gains against purchases by bitcoins. No one in the US wants to pay capital gains every time you buy something, most people don't want to fight the federal government believe it or not. This is fine with me, because it still allows bitcoin to be an asset class. With how many billionaires, institutions, giant companies, jobs now revolve around bitcoin and crypto, could anything else harmful really be done? I doubt very much anyone in the US govt would want to rock the boat much at this point when their major donors and friends are becoming invested. [link] [comments] | ||
| The future is bright, the future is Bitcoin Posted: 25 Nov 2021 04:10 AM PST
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| El Salvador just bought the dip Posted: 26 Nov 2021 11:26 AM PST
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| Posted: 26 Nov 2021 09:42 AM PST • don't panic sell • take profits on the way up • don't do leverage • keep 30% of your net worth in stable coins, be ready to buy the dips • don't go all in • don't chase green candles • crash equals opportunity • patience is key • DYOR [link] [comments] | ||
| Posted: 26 Nov 2021 06:52 AM PST
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| Posted: 26 Nov 2021 09:25 AM PST
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| Hillary Clinton spreading FUD on crypto... can someone explain it to her how it works? Posted: 26 Nov 2021 10:26 AM PST
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