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    Home Unlabelled Bitcoin Mentor Monday, November 29, 2021: Ask all your bitcoin questions!

    Bitcoin Mentor Monday, November 29, 2021: Ask all your bitcoin questions!

    November 29, 2021

    Bitcoin Mentor Monday, November 29, 2021: Ask all your bitcoin questions!

    Mentor Monday, November 29, 2021: Ask all your bitcoin questions!

    Posted: 28 Nov 2021 10:12 PM PST

    Ask (and answer!) away! Here are the general rules:

    • If you'd like to learn something, ask.
    • If you'd like to share knowledge, answer.
    • Any question about Bitcoin is fair game.

    And don't forget to check out /r/BitcoinBeginners

    You can sort by new to see the latest questions that may not be answered yet.

    submitted by /u/rBitcoinMod
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    Daily Discussion, November 29, 2021

    Posted: 28 Nov 2021 09:02 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.

    submitted by /u/rBitcoinMod
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    MicroStrategy has purchased an additional 7,002 bitcoins for ~$414.4 million in cash at an average price of ~$59,187 per #bitcoin. As of 11/29/21 we #hodl ~121,044 bitcoins acquired for ~$3.57 billion at an average price of ~$29,534 per bitcoin.

    Posted: 29 Nov 2021 05:16 AM PST

    Bitcoin in EGYPT is banned and Haram

    Posted: 29 Nov 2021 05:08 AM PST

    As we all know crypto is bad for government's .The government in Egypt control religion so they banned it and made it Haram

    submitted by /u/PretendJackfruit9113
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    Bitcoin Advocate Jack Dorsey Steps Down as Twitter CEO

    Posted: 29 Nov 2021 08:03 AM PST

    What if we're wrong?

    Posted: 28 Nov 2021 05:34 PM PST

    Hypothetically, if Bitcoin drops to zero I would smile and go on about my life. Why? It's quite simple really. Before going down the rabbit hole, I never realized how f*cked up the system really is. Bitcoin's value, for me, is no longer monetary. It's value rests on all the knowledge I've acquired, which is priceless. The governments can ban bitcoin all they want. They can take from us what they wish but they will never be able to take what we've learned. This statement goes beyond bitcoin and it's been a good way for me to maintain my serenity through the ups and downs of this market. Best of wishes to you all and keep on HODLing.

    submitted by /u/Evening-Main-5860
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    All the money in the world

    Posted: 29 Nov 2021 03:16 AM PST

    There is upwards of 1.3 quadrillion dollars in the world. Bitcoin cap is about 1 trillion. I think it has room to grow.

    submitted by /u/l1v34ndl34rn
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    Bitcoin: Tech company buys $400 million in crypto as price dramatically recovers

    Posted: 29 Nov 2021 05:32 AM PST

    Deflation is a good thing

    Posted: 28 Nov 2021 08:01 PM PST

    How the hell have we all been lied to and convinced that steadily rising prices would ever be a benefit to an economy? Isn't the whole point of technological and societal advancement to make things cheaper? Just like in technology, shouldn't we be rooting for a deflation in prices of healthcare, housing, and food?

    submitted by /u/ZForce89
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    Bitcoin climbs back above $57,000 as cryptocurrencies rebound from sell-off

    Posted: 29 Nov 2021 04:28 AM PST

    Massive Sell-Off Aftermath: Scaramucci Says "This is a Buying Opportunity"

    Posted: 29 Nov 2021 05:40 AM PST

    Bitcoin will usher in a massive economic boom

    Posted: 29 Nov 2021 07:59 AM PST

    If you want to be a holder, but the charts are too volatile. Try logarithmic 1 month. We have a steady march up to 200k+ by 2023. "Bitcoin is still the next Bitcoin."

    Posted: 29 Nov 2021 05:59 AM PST

    Accepting Bitcoin payments at your store, bar or restaurant with bitrequest.io

    Posted: 28 Nov 2021 09:06 PM PST

    Segwit adoption above 80%, when do we reach 100%?

    Posted: 28 Nov 2021 11:41 PM PST

    Buying Bitcoin for my kids

    Posted: 29 Nov 2021 06:01 AM PST

    I have a few young children and they have bank accounts that are earning them nearly nothing in interest. I would like to purchase some bitcoin for them but I'm not sure what is the best route since they cannot have their own accounts on exchanges. So I'm leaning towards just buying it on my own account and sending it to a hardware wallet for each of them but Idk how taxes and all the crap will work on that in the future if they ever need to sell the bitcoin. Thanks in advance

    submitted by /u/StonksPeasant
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    This aged well...

    Posted: 29 Nov 2021 07:48 AM PST

    Amazing Jeff Booth Talk on Technology Deflation Driving Monetary Inflation & Bitcoin

    Posted: 29 Nov 2021 01:26 AM PST

    Fun little experiment...

    Posted: 29 Nov 2021 08:41 AM PST

    Ok.. being poor at young age and always told have to work hard to be rich...when I started investing, I thought I need to click the sell button if I hit stoploss and do hardwork on learning technical analysis, wake up at night look at the chart 400th time for the day... ooo I am so hardworking right? So I should be rich..and if I fail or win I tell everybody how each penny was earned! What a bullshit. JUST HODL and DO NOTHING. BEST STRATEGY EVER. If you want to be showing you working really hard on this... how about 10 situps and 10 push ups for everytime before you lookup the chart....six pack millionaire in 4 years!!! Go bois!!!

    submitted by /u/Few_days_b4_death
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    Best way to gift BTC?

    Posted: 29 Nov 2021 06:03 AM PST

    I'm planning to gift BTC for family Christmas gifts as well as bonuses for our small business. I have considered a few options on how to actually do it. It's safe to assume that none of the recipients have knowledge of wallets, BTC, etc.

    1. Cashapp - Quick and easy, but funds will be left in the custodial wallet most likely. Plus will not work for remote workers in India and the Philippines.

    2. Provide them with a Trezor Nano and an IOU for the BTC. Once they get it setup, I will Tx. This seems like a bit of work for a gift/bonus.

    3. Provide them with a Trezor Nano that has already been setup and loaded with BTC. Save the backup keys and provide to them. Gives me access, which I will communicate, but at least I can help them out or recover.

    Thoughts?

    submitted by /u/madkungfu
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