Bitcoin ⚡ Lightning Thursday! January 06, 2022: Explore the Lightning Network!⚡ |
- ⚡ Lightning Thursday! January 06, 2022: Explore the Lightning Network!⚡
- Daily Discussion, January 06, 2022
- The closer you look the less you see
- This guy has a magical skill to predict where you should go and buy more Bitcoin. Go on and HODL
- We are too early ladies and gentlemen
- I bought the dip
- The Great Readjustment: understanding where we are and where we're headed
- Interesting podcast breaking down the concept of smart contracts
- Bitcoin is down 10 percent this year in the first 5 days
- Anyone else experience this? Told my friend at work about Bitcoin, he was really fascinated by it as an inflation hedge. Came back the next day with a bunch of shitcoins but no Bitcoin.
- I analysed all the BTC pullbacks of the past 15 months
- My goal for 2022 is to get to 0.1 BTC
- ~12% of the bitcoin hash rate has been disconnected from the network due to the Kazakhstan Government cutting internet nationwide in response to anti government protests. The bitcoin network continues to operate smoothly. Even if this hash never reconnects that will continue
- Argument: over time all bitcoin will be lost
- Why do you think people panic sell?
- Goldman Sachs: Bitcoin is Slowly Taking Gold's Market Share
- Fun fact: The first US telecom companies started offering home internet services in 1995. Some of the worlds largest commercial banks are starting to offer bitcoin direct to customers starting this year.
- Owning 1 BTC by 2030
- Bitcoin Market Is Like Squid Game’s “Red Light, Green Light” – If You Panic, You Are Done. Bitcoin price drops to $43K? Don't panic, Buy the dip.
- Start of a larger dip or buying opportunity?
- How do loans work in a bitcoin system
- Bitcoin is a long play. Just chill and don’t invest more than you can afford. Don’t wish your years away in the meantime go find a hobby or do some the thing you enjoy. That’s the whole point
- Which Wallet is the best?
- Third-party payment processors will now have to report transactions totaling more than $600 to the IRS (Venmo, PayPal, Cash App Etc.)
- Bitcoin fills $42K December value wick as analyst says 'occasion simply getting began'
- Bitcoin price is down...a great time to buy the dip...Here are a few resources to help you get started
- Millennial and Home Ownership
⚡ Lightning Thursday! January 06, 2022: Explore the Lightning Network!⚡ Posted: 05 Jan 2022 10:03 PM PST The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments. Here is the place to discuss and learn more about lightning! Ask your questions about lightning Provide reviews, feedback, comparisons of LN apps, services, websites etc Learn about new LN features, development, apps Link to good quality resources (articles, wikis etc) Resources:
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Daily Discussion, January 06, 2022 Posted: 05 Jan 2022 09:00 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] | ||
The closer you look the less you see Posted: 06 Jan 2022 03:34 AM PST
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This guy has a magical skill to predict where you should go and buy more Bitcoin. Go on and HODL Posted: 06 Jan 2022 08:13 AM PST
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We are too early ladies and gentlemen Posted: 06 Jan 2022 05:02 AM PST
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Posted: 06 Jan 2022 07:18 AM PST I just bought the dip, I am so happy to purchase more 0,01 BTC. I will keep buying :) [link] [comments] | ||
The Great Readjustment: understanding where we are and where we're headed Posted: 05 Jan 2022 07:55 PM PST On November 10th, 2021, Bitcoin reached a high around $69,000. As I type this, the current price is $42,948. But this post isn't about the price. It's about where we are and where we're headed, in terms of the 4 year halving-to-halving cycle. We're almost halfway to the next Halving. You probably know what the halving is. Let's talk about the effect the halving has. Every ten minutes, a miner wins a block reward, and that's a big deal because block rewards are the only way new Bitcoin is created. Right now, the block reward is 6.25 BTC. Thus, every ten minutes, 6.25 BTC is created and awarded to a miner. In May 2024, the block reward will be cut in half, to 3.125 BTC. That doesn't sound like a big change unless you're a miner, but add up the block rewards over time and you'll see how much of a difference the halving makes on the supply of newly mined coins hitting the market: 6.25 BTC are mined every ten minutes (roughly). This is the current block reward. 6.25 X 6 = 37.5 BTC are mined every hour. 37.5 X 24 = 900 BTC are mined every day. 900 X 30 = 27,000 BTC are mined every month. 27,000 X 4 = 108,000 BTC are mined every four months. I use four months as a reference point here because it takes around four months for the halving to cause an imbalance of supply and demand, better known as a supply shock. The Supply Shock Of 2024: In May 2024, the halving will cut the block reward in half, from 6.25 BTC down to 3.125 BTC. Price is where supply meets demand, and the halving cuts the supply of new coins in half. By the beginning of fall, 2024, instead of having 108,000 BTC added to the supply since May, only 54,000 will have been added (because The Halving cut the block reward in half). That decrease is what causes a supply shock. The supply drops, which means there won't be enough supply to meet the demand, which means the price will keep rising until demand drops enough to put supply and demand in balance again. Here's an easy way to understand a supply shock: Imagine that you have to attend a huge meeting every morning for a week. Luckily, they provide enough coffee for everybody. But one day, there's only half as much coffee. The supply of coffee was cut in half but the demand is still the same, so there's not enough. People are getting pissed. In the marketplace, price is set by demand. When the supply of BTC being sold goes down, the price keeps going up until there isn't enough demand to buy it at a higher price. Price is where supply meets demand: how much is being sold and how much are buyers willing to pay. But we all know it isn't that simple in reality. In 2024, miners will start hoarding coins instead of selling them, because they anticipate higher prices. This will make the supply shock worse because it will drop the supply of coins being sold even lower. And rising prices causes hype, which will drive demand even higher, which will push prices even higher. But It Ain't 2024 Yet! A typical halving-to-halving four year cycle looks like this: The Halving, followed by around 4 months of hoarding, where people hold on to their coins rather than sell them, anticipating higher prices. This is followed by a bull run of around a year and a crash that goes on for a few months, which is followed by a roughly 2 year period of readjustment that lasts until the next halving. I think we're somewhere between the crash and readjustment phase now. Maybe we'll see a crash, maybe we won't. Institutional money may have disrupted the usual post-bull-run crash, or at least lessened it. Or not. Only time will tell. It's easy to feel despair as the price of Bitcoin drops, but I view this as an opportunity. I think you should too. Just as the last 4 year cycle was the last chance to buy at 4 digit prices, this 4 year cycle may be the last chance to buy at 5 digit prices. This is the time to accumulate. Buy while you can and hold, because 2024 will be here before you know it. Secure your coins, preferably in a hardware wallet. Make sure your seed phrase is secured for the long haul. Have a plan in place for passing on your coins if you die... just in case. P.S.: If declining prices are causing you anguish, walk away for a while. Don't sell, but DO stop checking the price and reading forums and the news if doing so causes you more pain than pleasure. Take care of your mental health. KEEP CALM (Sorry for the edit. I wrote this rather quickly & I found a typo) [link] [comments] | ||
Interesting podcast breaking down the concept of smart contracts Posted: 06 Jan 2022 09:09 AM PST
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Bitcoin is down 10 percent this year in the first 5 days Posted: 05 Jan 2022 02:30 PM PST Every 4 years there's a nasty bear market. Looking to stack some cheap sats end of the year time 💰💰💰 [link] [comments] | ||
Posted: 05 Jan 2022 09:30 AM PST He said he downloaded Coinbase and bought a bunch of random coins some youtuber suggested. I asked him if he bought any Bitcoin, he said "nope, it was too expensive". 🤦🤦🤦🤦🤦🤦🤦🤦🤦 [link] [comments] | ||
I analysed all the BTC pullbacks of the past 15 months Posted: 05 Jan 2022 10:39 PM PST
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My goal for 2022 is to get to 0.1 BTC Posted: 05 Jan 2022 05:17 PM PST | ||
Posted: 06 Jan 2022 02:45 AM PST
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Argument: over time all bitcoin will be lost Posted: 06 Jan 2022 07:05 AM PST hi all Was talking about crypto with my sceptical buddy and I mentioned that of the 21m BTC that can ever be, some 3.7m are already lost, probably for ever, due to lost keys, words and drives. He retorted, so eventually all bitcoin will be lost, it's a one way trapdoor. He means that there will be a tendency, over time, for bitcoin to be lost, the more time the more bitcoin. I didn't have a response. It's an absolute finite resource that will, especially with 20 years of "first time wallet creator errors" to come, get inexorably smaller. What are the thoughts of the sub. [link] [comments] | ||
Why do you think people panic sell? Posted: 06 Jan 2022 10:04 AM PST Just trying to understand the thinking behind "oh no the thing I own is losing value fast - better sell!" [link] [comments] | ||
Goldman Sachs: Bitcoin is Slowly Taking Gold's Market Share Posted: 05 Jan 2022 10:50 PM PST
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Posted: 06 Jan 2022 09:25 AM PST I would venture to guess that may mean 2025 will be our mainstreaming year, the equivalent of 2000 for the internet, meaning the next 36 months will be the main years of opportunity and wealth creation using bitcoin. We are still very early but the next 36 months will be that last window of opportunity that creates generational wealth for many people in this sub. After that bitcoin transitions from a wealth generation vehicle to a wealth preservation vehicle. [link] [comments] | ||
Posted: 06 Jan 2022 03:24 AM PST I am very new to crypto and I have bought recently bought 0.15 BTC @ an average price of $45k. The more I read about BTC and crypto the more bullish I become. I've recently stumbled on this video https://www.youtube.com/watch?v=ZdXXeI-zi-0 For the ppl who don't wanna watch the video: His basic idea buy 0.22 BTC and to DCA every month a specific amount until you own 1 BTC by 2030. According to his expectations BTC should hit $1m by 2030. Its a very interesting concept. What do you guys think about it? [link] [comments] | ||
Posted: 06 Jan 2022 03:45 AM PST
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Start of a larger dip or buying opportunity? Posted: 06 Jan 2022 08:24 AM PST What do you guys think about the state of BTC right now? [link] [comments] | ||
How do loans work in a bitcoin system Posted: 06 Jan 2022 09:02 AM PST I read in a book by Jacob Goldstein that a problem with the gold standard was that due to its deflationary nature it hurt borrowers. I'm struggling to see how this would not be the same in a fully Bitcoin system. For example, if someone took a loan of 0.1 btc to buy a piece of land. Then the economy grew and there was an increase in output in goods and services to the extent that now your btc enables you to purchase more of the same goods and services. In this example there is deflation. But does this not hurt the person taking the loan e.g. The land is now 'worth' 0.05 btc due to the increased purchasing power of Btc. In this circumstance the borrower is now worse off. Companies etc. rely on debt to grow a business or produce new productive technology. I must be missing something here. But can anyone explain how this situation is avoided I.e. Borrowers being worse off due to Bitcoins increased purchasing power which then would discourage people from getting loans to produce new tech etc. [link] [comments] | ||
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Posted: 06 Jan 2022 08:21 AM PST I got $30 on some site which I can pay out in PayPal or Bitcoin. PayPal isn't worth it because a quarter of it gets lost in fees or some shit and considering that Bitcoin dropped in worth, I probably will get it in Bitcoin. But I don't know anything about Crypto stuff or Wallets. I was thinking of using Exodus but a friend of mine told me that Binance or Nimiq would be better. So which Wallet would be better or are there even better ones? And btw should I pay out instantly or wait for some time, for hopefully a lower bitcoin price/worth? [link] [comments] | ||
Posted: 06 Jan 2022 08:48 AM PST
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Bitcoin fills $42K December value wick as analyst says 'occasion simply getting began' Posted: 06 Jan 2022 05:17 AM PST
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Posted: 06 Jan 2022 04:07 AM PST Bitcoin price is currently seeing a dip and for many newcomers, it might be concerning to see such a price drop but this is quite normal for bitcoin to see such price swings. It is just the market correcting itself. For any asset the price cannot keep continually increasing [if it does then it's probably a scam], it needs to adjust from time to time, which is why bitcoin sees frequent price dips. As such times the best thing to do is HODL your coins or buy more, but never panic sell. If you are a newcomer this is a perfect time to buy some bitcoin. Top exchanges include:
All of the above require you to submit KYC details and are mostly centralized entities. Nowadays it is almost impossible to find an exchange that is fully decentralized, since exchanges deal with fiat money alongside crypto, regulations compel them to collect personal data. In addition, since these exchanges are custodial, they can freeze anyone's account and assets without any notice. Other options to buy bitcoin: - Decentralised Exchanges: No KYC, but liquidity may be an issue especially for certain regions.
- Bitcoin ATM - P2P platform: Peer-2-peer platforms that connect buyers and sellers, they too require KYC.
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Posted: 06 Jan 2022 04:30 AM PST I've never really had money and now finally, after years of skin in the game and crazy research, I've finally landed a job that will help me make some quite considerable DCA purchases of Bitcoin. I'm excited about it all and I'm a total Bitcoiner. My question is about buying a house. I, like loads of other 28 year olds in this world, have sort of looked at buying a house as a far away fantasy. I've resigned to being an investing renter but with Bitcoin, for me, that has all changed. Some people just want to make the money so that they sell into fiat, buy a home, accrue debt (a lot of it) to do so, and stay in that system and then there are people like me who only want to accrue Bitcoin and will really only buy a house when I can sell it back into Bitcoin. I have no real interest in a house until then. My friends call me crazy though - what does everyone think? [link] [comments] |
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