Bitcoin Mentor Monday, January 03, 2022: Ask all your bitcoin questions! |
- Mentor Monday, January 03, 2022: Ask all your bitcoin questions!
- Daily Discussion, January 03, 2022
- On this day 13 years ago, Satoshi Nakamoto launched Bitcoin. Hidden in the genesis block—mined on January 3, 2009—is a clue. A reaction to the inadequacy and injustice of central banking and fiat currency.
- I know I still got a long way to go, but i finally have 0.1BTC
- Buying Bitcoin every month for 52 months in a row now - status update
- Happy Birthday, Bitcoin!
- We are at least 20 years away from Hyperbitcoinization. The vast majority of people simply don't care about Bitcoin. They don't give a shit.
- Happy Birthday Bitcoin �� ! On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0) ��
- Only 10% of Bitcoin Supply Left to Be Mined
- Satoshi's choice for the Genesis Block will always remind us about the inflationary nature of fiat: 12 years later, it's basically impossible to eat out for £5 in UK. Good choice, Satoshi!
- Today is proof-of-keys day and Andreas Antonopoulos made an extra video for this special day! Simple rule:
- Happy 13th Birthday Bitcoin
- Turkish Lira (TRY) is the 29th largest currency in the world and its likely to enter hyperinflation. Never realized it was so large
- No, the EU is NOT going to ban private wallets!
- Jameson Lopp's Annual Bitcoin Review for 2021
- Leap of faith
- 13 years ago, the Genesis Block was created, marking the beginning of a revolution in the financial world. Happy Birthday Bitcoin!
- The upper class is cruising at economic escape velocity while the lower class is trapped in the gravity well of inflation, pointless jobs, stagnant wages, never-ending debt, and rising cost of living
- 2021 Marks Bitcoin's Best Year Despite Modest Growth
- We Are Year 13 After Bitcoin Network Came Into Existence. Nothing Will Ever Be the Same Again.
- Are you ready for bitcoin to finally leave the dock on the way to the moon? Because we have barely started our engines.
- Bitcoin Hashrate Mints New All-Time Highs
- [Starting with crypto] Empty wallet or trade site?
- Everyone bought the dip at some point
| Mentor Monday, January 03, 2022: Ask all your bitcoin questions! Posted: 02 Jan 2022 10:10 PM PST Ask (and answer!) away! Here are the general rules:
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. [link] [comments] | ||
| Daily Discussion, January 03, 2022 Posted: 02 Jan 2022 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: 03 Jan 2022 02:43 AM PST
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| I know I still got a long way to go, but i finally have 0.1BTC Posted: 03 Jan 2022 03:36 AM PST I've been striving for almost a year now to achieve something, and finally I was able to stack 0.1BTC. I know it's still small and I still have to grind more to reach 1BTC, but I feel so giddy realizing that I have this. I want to continue doing this so that I can buy a house and hopefully become financially stable as soon as I could. It's still a long way to go, but seeing the decimal place move as I keep on stacking makes me feel excited and motivated at the same time. Sometimes it really pays to be frugal. [link] [comments] | ||
| Buying Bitcoin every month for 52 months in a row now - status update Posted: 03 Jan 2022 06:13 AM PST I buy Bitcoin every month with the max amount I can from my salary. Its basically the FIRE way of investing but instead of S&P I buy Bitcoin. Started to buy in October 2017 and have bought every month ever since. I did not have any meaningful savings so the only way to get Bitcoin was to work for fiat and buy every month. I buy when its up, I buy when its down. Few years went by and I was basically at no profit (during corona dip) but it didn't matter. I had a long term goal. Now it looks easy and great in hindsight. But I can tell you, it wasn't easy and you're not late. You can do the same I am doing. All you need to do is start. And keep at it. Theres no get rich quick. But there's get rich slowly. And that's called Bitcoin. I document my journey in this blog. Hopefully you find it inspiring and it motivates you to stack more sats! Happy birthday Bitcoin! https://er-bybitcoin.com/stacking-em-volume-18-january-2021/ [link] [comments] | ||
| Posted: 03 Jan 2022 05:07 AM PST
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| Posted: 03 Jan 2022 07:03 AM PST I spent most of the second half of 2021 trying to orange pill my social circle and I only managed to succeed with my very closest friends. I noticed that most people either don't care or cannot wrap their heads around it. It's almost like you need to have certain genes or personality type to be a Bitcoiner. I even visited El Salvador to see it for myself. Most businesses preferred to be paid in dollars than bitcoin. I talked with taxi drivers, small business owners, etc, and they didn't understand Bitcoin. They were all afraid of the "volatility". I also noticed that some people would get a little interested, ask me a couple of questions here and there, and then said something along the lines of "That sounds really great, I will definitely get into it" and then go on with their lives without getting into it lol. For mass adoption to happen, I believe the dollar needs to actually collapse so that people look for Bitcoin as the exit. Similar to Argentinans and Venezuelans. They understand the value because they have seen their own governments destroy their currencies. The US government will try to delay the collapse of the dollar as long as they can with all sorts of shenanigans. I think it will take at least 20 years before people in general lose complete faith in the US dollar. In the meantime, Bitcoin will continue to behave as a very strong store of value, with a few small countries adopting it as legal tender. That's how I see it. [link] [comments] | ||
| Posted: 03 Jan 2022 02:14 AM PST
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| Only 10% of Bitcoin Supply Left to Be Mined Posted: 03 Jan 2022 08:50 AM PST
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| Posted: 03 Jan 2022 08:37 AM PST
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| Posted: 03 Jan 2022 02:32 AM PST
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| Posted: 03 Jan 2022 04:24 AM PST
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| Posted: 02 Jan 2022 07:52 PM PST | ||
| No, the EU is NOT going to ban private wallets! Posted: 03 Jan 2022 12:01 AM PST So there has been a lot of wrong reporting on this topic. The reason for that is that the EU fu*ked up the wording in their short report, and havn't even linked the newest document in it: The newest document from 29th November is this one: https://data.consilium.europa.eu/doc/document/ST-14259-2021-INIT/en/pdf Just search for "unhosted" and read the 2 results:
All credit for this find goes to this german Youtuber, who seems to be the only one who did real research: https://www.youtube.com/watch?v=r3Fk50wJG-Q Would be great if someone could cross-post this in /r/Cryptocurrency I'm sure there has been a lot of selling due to this FUD, so we gotta end this. [link] [comments] | ||
| Jameson Lopp's Annual Bitcoin Review for 2021 Posted: 03 Jan 2022 08:47 AM PST
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| Posted: 02 Jan 2022 11:16 PM PST Newbie here … I just bought .420 as a sort of "New Year New Me" and I'm excited but also scared. We're all in this together though, right?! [link] [comments] | ||
| Posted: 03 Jan 2022 01:10 AM PST Link to the first block, block #0: https://blockchair.com/bitcoin/block/0 Satoshi left a timestamp with a reference to The Times newspaper's front page from the same day. The "Chancellor on brink of second bailout for banks" message has a much deeper meaning, one that nowadays resonates with Bitcoiners even more. Bitcoin is having its first teen year, crazy years ahead. [link] [comments] | ||
| Posted: 03 Jan 2022 08:33 AM PST | ||
| 2021 Marks Bitcoin's Best Year Despite Modest Growth Posted: 03 Jan 2022 03:11 AM PST
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| We Are Year 13 After Bitcoin Network Came Into Existence. Nothing Will Ever Be the Same Again. Posted: 03 Jan 2022 01:05 AM PST It is January 3, 2022. Thirteen years ago today, Satoshi Nakamoto launched the Bitcoin network. A few weeks after presenting his white paper to the world, Satoshi Nakamoto made his revolutionary idea a reality. On this day, I think it is essential to wish Bitcoin a happy birthday! This birthday is also the birthday of all Bitcoiners, and more generally of all those who want to live their lives on their own terms. This day is also the day of the Proof of Keys. This event takes place every year on January 3rd. It is a special time when all Bitcoiners are called upon to simultaneously withdraw their Bitcoin from the centralized exchange platforms to take possession of their Bitcoin's private keys. In the latest issue of the In Bitcoin We Trust Newsletter, I also explain why in this year 13 after the creation of Bitcoin, everything will be different: https://inbitcoinwetrust.substack.com/p/we-are-year-13-after-bitcoin-network Bitcoin was created to give us a way out of the infinite vicious circle in which we have been locked for over 50 years. We now have hope for a better future world in which the people have regained power over the fruits of their labor. A world in which we can once again have access to leaderless hard money that protects us from any kind of censorship. On this unique day, it is therefore essential to remember why Bitcoin was created, to measure how far it has come, and above all, to look to the future, because the future that awaits Bitcoin is simply phenomenal. Happy Birthday, Bitcoin! Happy Proof of Keys Day to all Bitcoiners! [link] [comments] | ||
| Posted: 02 Jan 2022 07:05 PM PST I see way too much bearishness in here and long term loss of hope for another bubble cycle where we 10x-20x in a year. The macro backdrop has never been as good as it is right now, period. Bitcoin has a hard cap of 21 million coins, when lost coins are factored in the hard cap is at most 18 million and dropping daily. The illiquid supply of bitcoin is 14.4 million of the existing 18.9 currently circulating coins and grew by 400k since may. (here) The silent generation controls ~20% of the USA's wealth, the boomers ~55% and generation X ~20% leaving milenials 5-10%. Adds up to 105% because I'm extrapolating lines from 2019 (here) Of the millionaires polled, those controlling 90% of the money in the USA have virtually no exposure to bitcoin with gen x having 25%, boomers 4% and the silent generation wasn't even in the poll but likely even less than boomers. Millennials clocked in with 83% participation and a full 30% had 75% or more of their money in crypto (here) Every year two things will occur. Some of the reluctant genx-boomers will begrudgingly dip their toes in, and some of them will die leaving money to millennials who are just itching to go balls deep. So 90% of the capital out there is going to be fighting over an increasingly illiquid bitcoin supply. I'm this post I calculated a minimum 12x but more reasonably 20x multiple for incoming capital to multiply into increased market cap for bitcoin. 90% of the money has no position and will be fighting over an increasingly illiquid supply. Just sit back for the next decade and do nothing. We will see multiple million dollars per coin within 10 years. And it is hard to grow 50-100x in 8 years without having a gang buster 10-20x in there somewhere. Don't worry about any other coins surpassing bitcoin unless someone makes a run at actually being decentralized and secure. Unless those are your #1 and #2 there is no point in making your project a crypto because it would be better as a centrally held database. So hold on to the millennial coin bitcoin and wait for the boomers to beg you for a slice. [link] [comments] | ||
| Bitcoin Hashrate Mints New All-Time Highs Posted: 03 Jan 2022 03:46 AM PST | ||
| [Starting with crypto] Empty wallet or trade site? Posted: 03 Jan 2022 09:22 AM PST I created my Bitcoin wallet using the Electrum App on my Android smartphone. Is it actually a good idea to start anything crypto with an empty wallet? Or should I rather use a crypto trading site? I like the wallet approach as I got the full control over the bitcoins on it. I could buy (m)BTC now using a crypto exchange or trader, foregoing any trading sites? Is this a good first start approach? [link] [comments] | ||
| Everyone bought the dip at some point Posted: 03 Jan 2022 02:34 AM PST
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