• Breaking News

    Tuesday, December 28, 2021

    Bitcoin /r/Bitcoin will be matching ~12BTC of your BTC donations. Made gains? Pay it forward, double!

    Bitcoin /r/Bitcoin will be matching ~12BTC of your BTC donations. Made gains? Pay it forward, double!


    /r/Bitcoin will be matching ~12BTC of your BTC donations. Made gains? Pay it forward, double!

    Posted: 30 Nov 2021 06:34 AM PST

    The Bitcoin price has gone up a lot over the past year, so why not prove that the new economy is better than the old one by giving some of your gains to worthy causes? This year, /r/Bitcoin is a sponsor of The Giving Block's #BagSeason event, and the first ~12.155 BTC in donations made on this special page will be matched from the /r/Bitcoin ad fund. You can donate to any of the hundreds of charities supported by The Giving Block, and /r/Bitcoin will match it.

    (There are also significant tax benefits to donating crypto.)

    Let's change the world for the better! Donate here. Make sure that you donate on that specific page, or your donation won't be matched. Whether or not you donate, let us know in the comments which charities supported by The Giving Block you think are the best.


    About the ad fund

    In 2010-2011, the previous top mod of /r/Bitcoin collected BTC donations with a vague idea that this BTC would be used to promote /r/Bitcoin and/or Bitcoin itself using AdSense ads or something like that. About 22.5 BTC was collected, at the time worth less than $300. When he resigned and made me top mod, he also gave me the MyBitcoin account containing the ad fund. (I luckily moved the BTC out of MyBitcoin right away... a few weeks later they ran away with everyone's BTC.)

    In the past, some of the other mods used parts of the ad fund to promote /r/Bitcoin by sponsoring some eSports tournaments and by buying some Reddit ads. But I was personally never very interested in the whole ad fund idea, and there haven't been many other people interested in spearheading ad-fund projects, so the remaining ~12 BTC has been sitting around collecting dust for the past several years. I decided this year to finally empty the ad fund, and this donation sponsorship/matching event seemed like a good way to use the BTC for something worthwhile while also maintaining the spirit of the ad fund.

    submitted by /u/theymos
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    Daily Discussion, December 28, 2021

    Posted: 27 Dec 2021 09:08 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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    Forgive me

    Posted: 28 Dec 2021 05:34 AM PST

    Bought at 69k and feel bad

    Posted: 28 Dec 2021 04:22 AM PST

    The whole inflation thing finally clicked. I panicked and entered almost at ATH of 69k. Feelsbad. Went down the rabbit hole, hours of research. Fiat, Inflation, USD is the real shitcoin etc. Bought some more at 46k which did help lower avg price but am still nervous. Remember hearing about Btc when it was 7k and thinking "its going to go way higher"...If only I had acted back then.

    Edit: Woah you guys are amazing! Thank you so much for the support. Especially the ppl who bought at 2017 ATH. Mad respect for you folks!

    submitted by /u/sweet-bana
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    My 3 year old interviewed Pomp about Bitcoin ��

    Posted: 28 Dec 2021 10:12 AM PST

    After the Turkey lira melts 34%, the country prepares bill to regulate cryptocurrencies

    Posted: 27 Dec 2021 05:25 PM PST

    I just received my first snide "so how's your bitcoin doing?" from a family member and I feel so much more official now.

    Posted: 28 Dec 2021 10:06 AM PST

    Almost 20,000 new Bitcoin ATMs installed in 2021, more than 50 a day

    Posted: 28 Dec 2021 07:08 AM PST

    Mexico’s Third Richest Billionaire’s Advice: Invest in Bitcoin, Stay Away From Dollars

    Posted: 28 Dec 2021 04:13 AM PST

    Has anyone ever tried using their retirement accounts to trade bitcoin? If you plan to HODL long term you get some cool tax advantages

    Posted: 28 Dec 2021 09:22 AM PST

    End of year reflection of my year as a Bitcoin and Lightning entrepreneur

    Posted: 28 Dec 2021 03:24 AM PST

    End of year reflection of my year as a Bitcoin and Lightning entrepreneur

    Crazy is an understatement for how this year played out. I and my co-founder had a clear goal. We wanted to help Lightning be more widely accessible. And we had a plan. We needed to connect Lightning better to legacy systems so more people could use it. But the odds were against us.

    Starting 2021, I was working sunrise to sundown from my bedroom in Oakland, California. I started my mornings early to chat with our partners in Malta and the UK, stretched my morning to coordinate with part of my team in Peru and the United States, and then transitioned to my late-night shift to coordinate with my co-founder, our development team, and our designer who were working out of Bangalore and Chennai in India.

    The pandemic seemed relentless, and the thought of bringing all our team to the same place seemed farfetched. But we kept on working, with discipline, commitment, and faith.

    Along with the hard work, the milestones started coming. We launched our first live products in January, including the world's first Lightning-enabled debit card. Later in April, we graduated from YCombinator, the most prestigious startup accelerator in the United States. In May, we closed an investment round from highly reputable investors in Silicon Valley. In November, we moved all our core team to our new and beautiful office in Tallinn, Estonia so we could work in the same place for the first time ever. And today, we go live with the world's first Lightning-enabled card with ApplePay support.

    I will forever be grateful for this amazing year in my life. I hope the next one brings me bigger and better battles so we can contribute to moving our community forward.

    Today, as a community, we stand strong and are taking massive steps into taking Bitcoin mainstream.

    All you be blessed by whatever you believe in.

    https://preview.redd.it/wvjx0tq9p9881.png?width=1125&format=png&auto=webp&s=716158ea4290246b9fa41d4300f9d63f9f03b590

    submitted by /u/bm_bkly
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    Ask yourself, what will you give to your kids ? bunch of NFTs or some #bitcoin. #btc will be recognized wherever you stand. NFTs won't.

    Posted: 28 Dec 2021 10:59 AM PST

    Does investing only 200$ to bitcoin make sense for longterm holding??

    Posted: 28 Dec 2021 06:29 AM PST

    Im 19 years old student with no money income and i really want to invest because i feel like i'm missing out the cryptocurrency potential.

    But at the same time i think investing that little money to bitcoin wouldn't make significant profit. I feel like bitcoin is crypto for people who invest thousands of $ to it.

    So what do you think should i invest it to bitcoin?

    submitted by /u/davilaz
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    What would happen if the governments printed a lot of cash just to buy Bitcoin?

    Posted: 27 Dec 2021 08:11 PM PST

    Would that make us Bitcoin hodlers richer?

    submitted by /u/happylifeyo
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    5 Ways Bitcoin’s Lightning Network Advanced in 2021

    Posted: 28 Dec 2021 08:13 AM PST

    I made more money dumping all my money into BTC at beginning of year than DCA

    Posted: 27 Dec 2021 03:40 PM PST

    For the past 3 years I've been putting 10K into BTC every year. This year I decided to switch it up so I dumped 10K Jan 1st instead of finding dips and DCA. If I would have DCA I barely would have made any money as BTC has made little gains since March.

    Do you think going forward this is a better strategy than investing $200 a week?

    submitted by /u/Additional-Apple-492
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    Bitcoin Long Term Holders Stay Strong Despite $20K Drop From Last Month’s High

    Posted: 28 Dec 2021 05:33 AM PST

    No one who ever purchased Bitcoin and held onto it for over three years has EVER lost money.

    Posted: 28 Dec 2021 09:06 AM PST

    Binance sends user's BTC into Nirvana, blames user for mistake, doesn't refund. - What a shitshow! Stay away from Binance!!

    Posted: 27 Dec 2021 12:19 PM PST

    Is it possible that the bitcoin sent to the address that was made beyond the gap limit will be returned to my wallet?

    Posted: 28 Dec 2021 10:24 AM PST

    Hi to everyone, i have a problem on my bitcoin wallet. i have a store website that works with Bitcoin payment gateway, I wrote the payment gateway with Electron Python package "electrum.org". now more than a thousand addresses are created in the gateway, the problem is that customers who pay some BTC to their address, it does not show in my wallet. is it because of the gap limit? if Yes, is possible that the bitcoin sent to the address that was made beyond the gap limit will be returned to my wallet? what exactly happened to these money?

    Thanks in advance

    submitted by /u/mostafababaii
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    Portugal: proposal to tax Bitcoin and cryptocurrency

    Posted: 28 Dec 2021 01:08 AM PST

    9 Lessons Bitcoin Will Have Taught Us in 2021. #8: Bitcoin is the Next Bitcoin

    Posted: 28 Dec 2021 08:08 AM PST

    The year 2021 will have been a particularly exciting one in the Bitcoin world. It was this year that one country, El Salvador, adopted Bitcoin as a legal tender for the first time. Twelve and a half years after the launch of the Bitcoin network on January 3, 2009, by Satoshi Nakamoto, Bitcoin took another crucial step.

    The hyperbitcoinization of the world goes through these steps. Of course, the powerful people in the current system immediately criticized the initiative of President Nayib Bukele. The fear of the IMF or the World Bank is clear: that Bitcoin will make them obsolete.

    We will see if this happens in the future as more countries adopt Bitcoin as their legal tender. For other countries will follow the path laid out by Nayib Bukele. It is only a matter of time. All the small countries left behind by the current monetary and financial system have a huge interest in seizing the Bitcoin opportunity to try to change the course of their destiny.

    The adoption of Bitcoin by countries will still be a strong trend to observe in 2022.

    Apart from that, 2021 will have brought us its share of lessons as always. Some of these lessons were already known, but I thought it was important to make a small assessment for the newcomers.

    In the latest issue of In Bitcoin We Trust Newsletter, I share with you 9 big lessons Bitcoin taught us in 2021:

    • Don't blindly listen to influencers
    • Don't try to time the market
    • HODL no matter what is the best strategy with Bitcoin
    • Boom/Bust cycles seem to be over in the Bitcoin world
    • You don't have to be ashamed to take profits at some point
    • Zoom Out, DCA, Ignore the FUD. Enjoy the ride
    • Not your keys, Not your Bitcoin
    • Bitcoin is the Next Bitcoin
    • Time is the scarcest resource on earth. Bitcoin helps you make the most of your time

    More details here: https://inbitcoinwetrust.substack.com/p/9-lessons-bitcoin-will-have-taught

    Please feel free to comment and tell me what you've learned about the Bitcoin world in 2021.

    submitted by /u/sylsau
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    Which btc lightning wallet do you use and why you choose it?

    Posted: 28 Dec 2021 01:27 AM PST

    Hey guys, i just wanted to ask which btc lightning wallet do you use and why, i found some videos end articles on Google but wanted to ask here too.

    We just talked with friend of mine, that we would like to try use it sometimes, maybe pay for beer to each other etc. Pay for coffee in shop or something, we both got some btc but we don't actually use it.

    So my question is which mobile btc wallet is easy, fast, good in your opinion? I found some like breez, electrum etc. Let me know and thanks!

    submitted by /u/aereyy
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    The End of Fiat Money - Ron Paul to Ben Bernanke (2012)

    Posted: 28 Dec 2021 03:58 AM PST

    FACT: Bitcoin bounces back 100% of the time!

    Posted: 28 Dec 2021 10:00 AM PST

    Buy and bounce with us!

    Oh yeah - Fuck Fiat!

    submitted by /u/MalignantTurd
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    Former UFC fighter Kevin Lee says that being paid in Bitcoin was one of the reasons why he joined new promotion Eagle FC. Thoughts?

    Posted: 27 Dec 2021 07:14 PM PST

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