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    Tuesday, December 14, 2021

    Home Unlabelled 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!

    December 14, 2021

    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 14, 2021

    Posted: 13 Dec 2021 09:09 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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    My wife has just increased the value of all Bitcoins

    Posted: 14 Dec 2021 12:11 AM PST

    I had sent her 240 sats via Lightning to a mobile wallet to show her how great it is.

    Now she has deleted the app. And we had not saved the seed phrase.

    You're welcome.

    submitted by /u/beyond_the_obvious
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    “BTC will reach 100k by end of this year”

    Posted: 13 Dec 2021 03:14 PM PST

    Would be nice if all these people on YouTube who claimed this, could comment now. Super embarrassing for them

    submitted by /u/Different-Advance_22
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    That’s it. It’s over!

    Posted: 13 Dec 2021 09:01 PM PST

    Is what people thought when bitcoin crashed to 3K during the Covid-19 crash. What did I do? I doubled down. And guess what? I'm killing myself over not buying more because I thought "I'll just wait and buy more if it goes lower"

    Remember when hitting $30k was impossible to believe? Heck remember when $100 was just a dream? We are literally at 44-47k and people are acting like it's all over. Investing is the transfer of wealth from inpatient to the patient. Sentiments change every day. Don't be a fool. If you truly believe in the power of Bitcoin long term, these are the days you buy in.

    There is no such thing as easy money, or gaining wealth quick. Those who become millionaires over some shit coin that pumps From hype are just a few lucky individuals who got lucky gambling. Wealth build up takes time.

    If you are stressed over the current price action, you do not believe in what you invest, you have little to no understanding what you invested in, you are in too deep, or invested money you need for bills to make a quick flip.

    I'm not telling you to buy the dip. I'm telling you that I'm definitely buying the dip. Only time will tell if it was the right decision. When it comes to Bitcoin I am willing to take that risk. Don't leverage trade, don't panic sell, don't doubt yourself.

    Markets are like a heart beat on the EKG if it's not going up and down then it's dead, if it ONLY goes up or ONLY GOES down it's abnormal. Remember, Amazon stock dropped by 90% on multiple occasions. There wasn't a single moment where selling it back then was a good idea.

    I'm not here to say Bitcoin will go up. I'm not psychic. The markets decide what the price will do. I'm saying I believe in this protocol to do well over a long period of time. Just like your high school grades don't define your intelligence, prices don't define the true value of an asset.

    I wish you all the best. Hope this helped.

    We are all Satoshi!

    submitted by /u/Pupulikjan
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    10 years ago, here on this same subreddit. Don't lose sight of the big picture.

    Posted: 14 Dec 2021 06:13 AM PST

    redditors in 2010 debating whether they should sell or hold bitcoin on this subreddit.

    Posted: 14 Dec 2021 07:24 AM PST

    I was searching old posts on this sub and I found a thread where people were debating whether they should sell or hold Bitcoin in 2010, its price at that moment was at 23$.

    https://www.reddit.com/r/Bitcoin/comments/hwldl/ok_bitcoin_users_time_for_your_first_test_will/

    Check it out! I'm sure you'll enjoy reading the comments.

    submitted by /u/beetlejuice-1337
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    Tim Cook says he owns Bitcoin

    Posted: 13 Dec 2021 09:19 PM PST

    There is ZERO manipulation Part II. And why a move over $100k is inbound.

    Posted: 13 Dec 2021 09:43 AM PST

    There is ZERO manipulation Part II. And why a move over $100k is inbound.

    This is part II of the popular post I authored recently:

    https://www.reddit.com/r/Bitcoin/comments/re0ldq/there_is_zero_manipulation_many_dont_understand/?utm_source=share&utm_medium=web2x&context=3

    And to conclude that one, I'd like to say bitcoin has never been friendly to short time preferences and its vehicles designed to separate people from their bitcoin, like trading and leverage. I've been around bitcoin since the first Obama Administration, and in the decade since, have come to realize the people that complain about manipulation go looking for it, and quickly find it in trading and leverage. So stop getting manipulated and HODL, otherwise you're too close to the painting, staring at an individual brush stroke. Step back and get some perspective:

    Why you HODL and shut up

    The illiquid supply trend has not broken. It's still moving up. That's crazy considering we've just experienced a 35% drawdown from the $69k peak a few weeks back. And more surprisingly, the CEX exchange reserves are plummeting. So that chart and BTC's corresponding price will resolve themselves soon.

    No dirty CEX, not your hard wallet, not your coins

    And closely related is the realized HODL ratio; it's quite a ways from being over-extended. You'd like to see it in the red portion up top before a market top. So it appears we're in the middle the bull-market.

    ​

    Let's out-HODL the USD

    And what's up with the hash rate? It's literally at its all-time high. When you see this, that means miners are competing full-blown for blocks because they're still profitable, which also means none are selling their stockpile, some miners in fact have used low interest debt to buy spot outright.

    Greta is 18 now.

    As I'm sure many of you have noticed in the past few weeks, bitcoin has attracted a political element here in the US, Europe, and abroad. That to me is extremely bullish and can drive adoption and awareness better than anything else. And if you read part I, you'd know why adoption is the only thing that matters and how it's related to the inflation reset (halving) every 4 years.

    Anyway, I'd like to see a failed try for a lower low this week, a hard pivot and move to an ATH in January.

    submitted by /u/Mallardshead
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    This is Natasha Che. She is huge critic of Bitcoin, deflation and PoW. She is pro PoS chains. Guess where she works?? Obviously, IMF..so typical of IMF folks.

    Posted: 13 Dec 2021 05:21 PM PST

    2028 halving

    Posted: 14 Dec 2021 12:29 AM PST

    The thought of it makes me randy. 1.5 BTC mined per block. Oh sweet baby Jesus. Adoption + scarcity is a good combo.

    submitted by /u/cd80808080
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    Bitcoin > any asset

    Posted: 13 Dec 2021 09:59 PM PST

    I have pretty much every asset you can own. Bitcoin has out performed every single one by far.

    As time moves forward and it becomes less and less of a high risk asset the faster it will grow. I cannot see bitcoin being less than $1,000,000 a coin by 2035

    only 21 million of them will ever be in circulation. Could you imagine if there were only 21 million houses In the world What the price would be per house.

    I'm very bullish on bitcoin long-term. We are in the very very very beginning stages of something game changing.

    submitted by /u/Whole-Ad2467
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    German bank can introduce 50 million people to Bitcoin

    Posted: 13 Dec 2021 07:35 PM PST

    650 Banks to adopt use of Bitcoin adding 18m customers banking & paying with Bitcoin.

    Posted: 14 Dec 2021 08:24 AM PST

    Germany's largest savings bank Sparkasse planning to allow customers to trade & HODL Bitcoin

    Posted: 13 Dec 2021 12:43 PM PST

    Nashville (BNA) represent

    Posted: 13 Dec 2021 01:49 PM PST

    Where the money comes from…

    Posted: 13 Dec 2021 05:17 PM PST

    Newbie questions

    Posted: 14 Dec 2021 06:30 AM PST

    1) Is there a middle ground between day trading and long term investment?

    2) Where is a good place to start learning about crypto investing for free? Any helpful links

    3) predictions for how long until BTC will be back at £50k?

    Thanks!

    submitted by /u/Then-Ad5134
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    ‘Headed for disaster’: Argentinians protest against IMF debt deal | Wen Bitcoin?

    Posted: 13 Dec 2021 08:25 PM PST

    New 2022 Legislation and it’s effects on crypto

    Posted: 14 Dec 2021 07:53 AM PST

    Traditional Stock guy, running a small family office. Been a HODLer since '15 with some hands that are apparently diamond. Seen enough to know to be skeptical of where I store my BTC. Primarily, I have used Coinbase or more recently, CB pro (due to fees). I know, I know, hardware wallet is better for a number of reasons- but I am dealing with a few accounts, one for my dad who has severe memory issues; so CB was the best place for me to hold it where I can just log in and monitor his holdings as well as my own. According to CNBC this morning- CB will be reporting ALL crypto holdings to the IRS starting 1/1. As a former public accounting tax guy, it blows my mind that they are reporting holdings, and not just taxable events; but I am sure it's to prevent the "drug dealing/money laundering threat" or some bs.

    Any thoughts on where people will be moving their crypto before EOY? Not against keeping track of private keys; but it will be a bit more cumbersome as I will have about 5 different wallets to track (split up for tax & cost basis reasons) (First Reddit post ever… please be gentle🤣)

    submitted by /u/Electronic-Gene5370
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    Breaking News: Germany's Biggest Bank Is Offering Bitcoin Now!

    Posted: 13 Dec 2021 06:54 PM PST

    Bitcoin is trading at basically the 365 average close price

    Posted: 13 Dec 2021 10:01 AM PST

    *365 day average close price

    The average close price over the last year is $46,145.

    Historically, the average close price during a bull run year (2013, 2017) is ~50% of the average price of the subsequent 3 years (2014-2016, 2018-2020).

    That would estimate the average over the next three years (2022-2024) at $92,290.

    Obviously the past is not guaranteed to repeat but what I like about this simple metric is that it makes simple sense: it assumes price signals and anchoring.

    Think about it - if you were interested in Bitcoin at any point in the year, you looked at the price. Like it or not, the first time you really examine Bitcoin's price (and wonder whether it's something you should own) is going to be anchored in your mind forever. By the time it, say, doubles from that price, you realize you should own some, and will FOMO buy beyond this price, especially if you think it will never go below it again.

    Well, anyone who looked at Bitcoin for the first time this year anchored a price. Average everyone who did that together, the anchor price is ~$47k. $47k will always seem like a good price to people who first bought/considered Bitcoin in 2021. Double it will be the point those casual buyers "take profits". Until then next halving, when we blow past those numbers and they all suddenly sit up, realize they should have hodled all along, and FOMO all in, taking us to a new era.

    Just some food for thought.

    submitted by /u/jankis2020
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    All I want for Christmas is a BTC bounce back

    Posted: 14 Dec 2021 08:29 AM PST

    Pretty much what we are all hoping for I guess - I would love to turn a profit before the end of the year.

    submitted by /u/Critical-Box-1851
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    Satoshi chose not to spend any Bitcoin that he mined when he had over 51% of the network's hash rate, because that would not have been fair.

    Posted: 13 Dec 2021 11:35 PM PST

    cash machine go brr

    Posted: 14 Dec 2021 07:25 AM PST

    No bitcoin analyst or modeler has the answers. DYOR

    Posted: 13 Dec 2021 07:58 PM PST

    Plan B's stock to flow model and stock to flow cross asset model are failing as we speak and will soon go the way of the dodo bird Jan 1 🦤

    Willy Woo has been wrong all year (sorry Willy if you're reading, I still think you're a cool dude)

    Will Clemente can't put together actionable trading advice

    Dan Held is wrong about a fast super cycle

    Robert Breedlove is a shameless shitcoiner

    Michael Saylor is wrong about mortgaging all of your assets to buy bitcoin because it is short term financial suicide to go all in like that

    Peter McCormack wants to do People Magazine style puff pieces instead of bitcoin interviews

    The list goes on and on and on. Bottom line is that nobody knows shit about fuck. DYOR and figure out what you think about bitcoin and act accordingly.

    I still believe bitcoin is going to overtake gold market cap and hit 500k per coin minimum. Figure out your own target

    submitted by /u/Crafty_Supermarket15
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