DCA buying since November 2017. Just stacking no selling.
https://ift.tt/2KPMw80 Submitted May 01, 2020 at 01:57AM by BITCOINBITCHESBUD https://ift.tt/2yg4X2L
Posts
Showing posts from April, 2020
Price alerts when you don’t check Coinbase for 24 hours.
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I asked how people of /r/bitcoin handle their Bitcoin keys for my thesis, here is the results
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FYI: There aren't enough BTC for HALF of today's millionaires to own JUST ONE. Owning ONE bitcoin puts you--at minimum--in the top 0.2% of the human population in terms of total possible Bitcoin wealth distribution.
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Let me remind all you old timers, and inform the newbies: There will only be a maximum of 21 million bitcoins. Ever. Approximately 4 million have been permanently LOST , bringing the maximum circulating total to 17 million. This total number won't be reached until 2140 due to Bitcoin's issuance schedule . This is "quantitative hardening." Total number of millionaires (in USD value) worldwide is around 33 million ( source ). The factual math is simple: there is not enough Bitcoin in the world for even HALF of today's millionaires to own just ONE SINGLE BITCOIN. Much less all the future millionaires that will be born as the human population approaches 10bn . Bitcoin is SCARCE. Check out the S2F model for a good explanation of why scarcity and value correlate. Recently updated to the S2FX model for a model that incorporates more data, and is more accurate. Furthermore: If you are able to acquire even one BTC today: Enjoy the feeling. You are an early adopter. ...
Accessible Bitcoin wallet for the blind?
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Hello, I'm totally blind and interested in getting a secure hardware Bitcoin wallet. The Electrum GUI isn't accessible to my screen reader , but I can use command-line tools if they work with hardware wallets. The more audio feedback the wallet gives (beeps, etc), the better, and I'd prefer physical buttons over a touchscreen (I'd need to memorize menus/on-screen prompts as presumably the wallet wouldn't speak). I also like the idea of the wallet functioning as a u2f key to protect access to exchanges. Any suggestions? Submitted April 30, 2020 at 04:39AM by CactoHelado https://ift.tt/2y9MPHO
Bitcoin is getting ready. Last chance we ever can buy under 9k?
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Thank you to those who posted about it being down. It reminded me to do this yet again.
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The original "Money Printer Go Brrrrr" meme circa 1864 when the Union switched to fiat to fund the civil war.
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When you search bitcoin on YT and filter within the hour... I hope you like scams.
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Advice needed
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My country is economically very unstable. We are heading towards default in May. 1 USD is 112 units of the local currency. An average monthly wage is around 300 USD. I have saved some money and I am wondering what to do with it, as it continuously loses its value. I have some BTC also (although not much, as you can imagine... ) I am wondering what to do with my savings, how to organize myself to make the most out of them... I’m planning to buy food (lots of) but I am not sure how much should I invest in BTC. Half food and half BTC, maybe? The money is saved in the local currency, not dollars. Sorry if this sounds silly, but I am really concerned about my family’s future. Any tips and suggestions are welcome. I feel like we are heading towards disaster. Submitted April 28, 2020 at 08:08PM by MelodyMG https://ift.tt/3aInyBJ
Venezuela update. One BTC is around 1,400,000,000 Bs. (Bolivares). 568 BTC were traded last week, down from 604 (only using LocalBitcoin), the 568 BTC traded are 722,576,000,000 Bs. (ATH). Minimum monthly increased from 2.25 USD to 4.7 USD.
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Hi guys, Yes you read it right. Official exchange rate is 1 USD = 170,000 Bs. Street (black) market rate is around 190,000 Bs. Monthly minimum wage was 450,000 Bs. (that includes 200,000 Bs food bonus paid in cash), around 2.6 USD. Yesterday it was increased to 800,000 Bs. (that includes 400,000 Bs food bonus paid in cash). So: 800,000 / 170,000 = 4.7 USD per month Local Bitcoin traded again over 500 BTC, it has been crazy. Steady months over 2,000 BTC monthly. ALL time high was in February 2019 when almos 2,500 BTC were traded in ONE WEEK There is people trading BTC to Bolivares and Bolivares to BTC, A LOT! You can see the listing in the sources link Situation is the same or worse than last week. As always you can Ask Me Anything. Sources: https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/ https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky https://coin.dance/vo...
Don't follow blindly the masses, educate yourself, then buy Bitcoin
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Grayscale GBTC BTC Holdings Still Increasing in April
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So I have been following GBTC as a way to gauge institutional interest in BTC. In Q1 2020, Grayscale attracted $500 million while in all of 2019 it attracted $600 million. https://sports.yahoo.com/grayscale-says-raised-record-500m-130346543.html I also follow the Grayscale twitter which updates each day it's Assets under management (AUM). From there, I believe you can calculate how much BTC it holds by dividing the AUM by the holdings per share and then multiplying it to account for each share equaling .0001 BTC. https://twitter.com/GrayscaleInvest From that I put together this spreadsheet: https://preview.redd.it/1tiap7k9wlv41.png?width=697&format=png&auto=webp&s=9089c248c69db2177ab76348ec5374a007a5a68e What is interesting to me is that from Nov-Dec 31, 2019, the holdings of BTC only went up by 56. However each month in 2020 GBTC has increased it's BTC holdings by at least 9k a month, including April (from 315k to 324k). I expected April BTC holdings to go d...
Buying Bitcoin at $5K or $10K Does Not Matter, You Will Still Be Considered a Visionary in the End
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The amount of gold mined each year climbs dramatically over time. Contrast this with Bitcoin, which has a diminishing rate of mining!
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Bitcoin Halving: A New Class Of Bitcoin Millionaires May Emerge - Hold Long Term -
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Inspired by Plan B's latest article on S2FX model: Google Trends - Bitcoin vs Gold vs Silver
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All You Need to Know on Bitcoin Halving and Why It Is Essential
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Expected for many months by the whole community, and even beyond now, Bitcoin’s third Halving will take place in few days. At the current pace of adding of the new blocks on the Bitcoin Blockchain, this third Halving should take place on May 12, 2020. The excitement around this key event for Bitcoin is growing. This is evidenced by the volume of searches on Google for the term “Bitcoin Halving” which have never been higher since the creation of Bitcoin in 2009: Disappointed with the current monetary and financial system, many people are beginning to consider the plan Bitcoin. The most concrete evidence of this newfound appeal for Bitcoin is the decision by Americans to use their stimulus check of $1,200 to purchase bitcoin. There are signs that do not deceive. In a world where everything is going negative, from central bank interest rates, to the price of U.S. crude oil, and to equity market returns, safe havens will play their full role in the coming months. Gold and Bitcoi...
Trump sent me piece of the $2.2 Trillion! Help me spend it please BTC community.
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My pixelart portfolio app just got an upgrade which will hopefully make hodling a lot more satisfying for you guys.
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My 2020 BTC Mining Experience
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Hey everyone! So I wanted to share with you all my BTC mining experience through 2020 and hopefully shed some light and answer some questions for those thinking about getting into it. So in Nov 2019 I got really interested in the idea of using mining to accumulate BTC and leverage my investment property (I have a two unit building. I live on the second floor and rent out the first floor). After lots of research and DD I was convinced to give it a try. In late December ending up purchasing a Bitmain S17 miner off eBay for $1,900 with the goal of having it operational by the start of 2020. I had (2) 220v outlets installed in my basement near my work bench for $330 and I was ready to roll. Let me say that the initial setup and start up period was quite difficult. It was tough to find good resources to assist so it was mostly a trial by fire experience. It also doesn’t help that Bitmain is a Chinese company. I also learned very quickly that these miners are extremely noisy and emit a ...
PSA: We are still in the "Innovators" Phase of Diffusion of Innovation Curve (ie: < 2.5% of population). VERY EARLY DAYS.
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Here's my argument: 1) Here's what the Diffusion of Innovation curve looks like. 2) Human population is ~8 billion. 3) Total number of BTC addresses with a non-zero balance is ~28million. ( source ). Let's assume each address means ONE user (this is a gross over-estimate, however, as each user likely has multiple addresses with a non-zero balance). 4) 28million / 8billion = 0.35%. ZERO POINT THREE FIVE percent of the human population is using Bitcoin. Conclusion: we are still in the very early phases of Bitcoin's life. Like just getting started. Submitted April 27, 2020 at 08:11PM by Kinolva https://ift.tt/2yNpPOS
Bitcoin is antifragile, criticism should be welcome
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I'm very disappointed when I start a thread that seems to question Bitcoin and I get downvoted (like this one: https://www.reddit.com/r/Bitcoin/comments/g90nlg/at_what_rate_can_mining_productivity_keep/ ). I'm a hodler, I think Bitcoin is the best kind of money that ever existed. It's just how money should be, its supply can't be manipulated by anyone, transactions can't be stopped by anyone, it's infinitely divisible, it's fungible, inflation is negligible. It's a fucking masterpiece. And it's antifragile. Every time a government meddles with its citizens with capital controls, every time a bank freezes your account or makes transactions expensive and slow, every time you lose 3% converting currencies, every time a central bank increases its money supply, every time a government bailouts some grasshopper by devaluing your hard-earned money, Bitcoin grows stronger. None of that unfair bullshit can happen in Bitcoin. So why when I make a legit que...
My wife made a chicken pot pie and asked me for inspiration for crust design
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PlanB: Bitcoin Stock-to-Flow Cross Asset Model "S2FX model estimates a market value of the next BTC phase/cluster (BTC S2F will be 56 in 2020–2024) of $5.5T. This translates into a BTC price (given 19M BTC in 2020–2024) of $288K. Solidifying known facts from the original"
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Is this what your supposed to do with your stimulus ? Thanks government !
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Getting ready to break some sweat halving that sweet Bitcoin.
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Let’s never forget Bitconnect, Bitpetite and other scams. The OneCoin story should be read by those newly interest in bitcoin.
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Can we just have a moment of silence for the guy in the comments?
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PSA: Coinberry is likely insolvent
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Deposited funds over 27 days ago. At the same time I provided all the requested documentation. Despite many many emails back and forth with their support department my account status is still locked. I have requested that they just return my money but they are also refusing to do that. I can only believe that this is likely because they have been hacked and are facing insolvency. If you can still withdraw funds, I recommend you do this as quickly as possible. Submitted April 27, 2020 at 09:58AM by CaribouFondue https://ift.tt/3aFgx4R
Just noticed the Cash App lets you choose to denominate in sats. That’s cool. I haven’t really seen/noticed that much
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I’m sure eventually most people will get it
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Just wondering how many other people here are in the same boat? I feel like when I first learned about bitcoin I was evangelizing left and right to anyone who would lend an ear. These days I’ve made my peace with my own belief that bitcoin has the fundamentals and time on its side to become the staple deflationary asset that runs world economies. I feel as though we’re all computer scientists living in the 1960’s who sound like crackpots when we tell people how big a part of our lives bitcoin will be in just 10 or 20 years like how they might have reflected upon the coming ubiquity of computers or the internet. I dunno, maybe I am really a crackpot tho. Submitted April 27, 2020 at 05:00AM by ElephantGlue https://ift.tt/2VJahVD
Get Set for Bitcoin ‘Halving’! Here’s What That Means - - Excellent article in Bloomberg today about Bitcoin!
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Precise Google Trends Data & Correlation with USD Price
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Twitter & Square founder Jack Dorsey talks about Bitcoin
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Early Bitcoin Bull Chamath Palihapitiya Social Capital 2019 Annual Letter
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First for some context, Social Capital was founded in 2011 by former Facebook executive Chamath Palihapitiya, whose net worth is not $1.2BN (it's many multiples of this according to Chamath). The venture fund invested in a range of companies over the years, perhaps most notably of which was their investment in Slack. In mid-2018, they closed to outside capital and became a technology holding company. According to Chamath, this decision was made in order to take a more long term approach and avoid the perils of the short term fee generation game that is prevalent in the venture capital industry. As always, Chamath provides some interesting insights in the Letter . Part 1/5 - Modern Gilded Age: First off, Chamath makes the argument that we are currently in the later stages of a modern Gilded Age. The Gilded Age was an era of rapid economic growth in the United States from the 1870s to around 1900. During this period there was rapid economic growth, wage growth, immigration ...
Bitcoin Is Your Antidote Against the Cantillon Effect
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The Lightning Network is putting Bitcoin back into gaming! André Neves and Christian Moss of ZEBEEDEE will show you how. Tonight at 8 pm GMT+2 in a tab near you.
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Twitter CEO Jack Dorsey: Bitcoin whitepaper is “poetry"
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BTCPay Server Now Processing Blockstream’s Liquid Assets - 15 Jan, 2020
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Network effect doesn't explain Bitcoin dominance : technical arguments for Bitcoin Maximalism
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I often saw some Bitcoiners counter the altcoin shillers with the following argument: "Bitcoin is the first so it has the network effect, so your altcoin will always worth less" This is not totally wrong but I think this argument is bad. Using it implies implicitly that you admit that Bitcoin is technically less capable than altcoins with their higher transaction rate, fast blocks, instant confirmation, without fees and smart contract support.... And this is WRONG ! Bitcoin price is higher, because Bitcoin is already TECHNICALLY BETTER than any other altcoin and not because of network effect. In 2017, Bitcoin dominance was lower, some altcoin reaches almost the same level than Bitcoin. So network effect is not what prevents an altcoin to take the lead but it is the fact that almost all altcoin that pretend to be better than Bitcoin are technically flawed. Why ? They use bigger blocks, DAGs (Directed Acyclic Graphs, like used in IOTA or Nano) or wtf they created to dist...
Daily Discussion, April 26, 2020
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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. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted April 26, 2020 at 12:01PM by rBitcoinMod https://ift.tt/3az1PMx
Binance is going into BTC Mining; The Binance Mining Pool Has Mined Its First BTC Block in Closed-Beta
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Positive feedback loop
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"[...] it's more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes. As the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up, which could attract more users to take advantage of the increasing value." Satoshi Nakamoto, February 18, 2009. Source: http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source?commentId=2003008%3AComment%3A9562 Submitted April 26, 2020 at 12:10AM by Rattlesnake_Mullet https://ift.tt/2Y4fR6k
Bitcoin is needed now more than ever
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So I just watched this video of Vic Dibitetto, https://www.youtube.com/watch?v=2PTafd3vkOg&t=4s This gets me furious because the answer to all these problems we face where there is this massive money inequality can be solved by using and adopting bitcoin. We should all be fighting in a monetary revolution with bitcoin as the weapon. You want to stop people who are in power from fucking over the middle and lower classes, then hurt them where it hurts the most, in their wallets. Are the US government and banks fucking you over, well stop using their money when a better solution exists. The sad reality of it all is that it won't be until some big establishment makes a move before people do. Submitted April 26, 2020 at 05:13AM by Raverrevolution https://ift.tt/2VC7ahP
Bitcoin Lightning Network Capacity Chart - Bitcoin Visuals
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An Outsiders Take On Bitcoin Price Prediction
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Hello everyone, I've never really visited this community before but I was hoping to share a few ideas with everyone! First off, I've never purchased bitcoin nor have I really had any other ideas about it other than 'man I wish I got in on that early.' Being quarantined has made me expand my research into areas i've never really touched before and i've made a decent little discovery that hopefully a few of you can appreciate. I don't know how to exactly define my career other than a trend finder. Anywhere from finance to microeconomics trends, one of the things I like to do when finding stocks that will break out is using Bollinger Bands . They great for seeing the upper and lower sides of a stock. I also like using a 5 day exponential moving average . None of what i do is new it's basic really. I like finding stocks that have an EMA that hugs the upper Bollinger Band with consistency. Here's an example using Amazon look at the pink line tha...
Made a thing: Use Lightning to pay for your Mullvad VPN account
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Hi all, I made a service that lets you pay for your Mullvad VPN account using Lightning! :-) I'm sure that many of you already use a VPN or even use Mullvad yourselves, but as a TLDR, I've always been a fan of Mullvad because they: Use pseudonymous, numbered accounts ( source ) Accept Bitcoin Champion new, open technologies such as WireGuard ( source ) However, using a Credit Card or waiting for your onchain funds to confirm before you can start using your VPN ( ͡° ͜ʖ ͡°) really bothered me. So I whipped up a service that allows you to pay for your Mullvad VPN account using Lightning! Would love to know people's experience using my service and where I could improve, thanks! ___ I encourage you to access it via my Tor v3 hidden service, so that my server has no knowledge of your IP: http://soveng42aj6ynynkqeyut2dwnmwou45epfpuwvjy2t45fpxn3dk2ymad.onion/ Or perhaps via your existing VPN via HTTPS: https://vpn.sovereign.engineering/ ___ Yeah I know I should use th...
Does anyone believe that bitcoin will get to the million?
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Peter Schiff has now convinced himself that his solitary bank is going to create a gold backed debit card and that will defeat the whole purpose of bitcoin.
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Isn't that like a solitary post office saying that by adding computers and fax machines to their services they will defeat the whole purpose of the internet. Who still listens to this clown when it comes to Bitcoin? Seriously? https://youtu.be/6K9Jcar8VgY Timestamp: 1:20:15 Submitted April 25, 2020 at 08:37AM by slvbtc https://ift.tt/2VXJzqR
Daily Discussion, April 25, 2020
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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. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted April 25, 2020 at 12:00PM by rBitcoinMod https://ift.tt/3aDFYUa
Ex- Deutsche Bank Veteran to launch Bitcoin trading desk – Bullish on Crypto
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I lost money, I just want to warn everyone to avoid using bitcoin.com for any bitcoin transactions.
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I built a site to educate your friends and family on why Bitcoin matters
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One thing I struggle with being a bitcoiner is convincing normal people why this thing should matter to them. There’s tons of great content out there on Bitcoin and associated ideas, but what I've read all seems to have a similar structure that makes it hard for normies to read: it starts with Bitcoin then shows some aspect of how Bitcoin works then (maybe!) shows how that aspect solves a real problem people face. I think we lose 70-80% of people at step #1. The “it’s a bubble” / “I’ll just never understand it” / “some internet scammers” crowd. Then at #2, people start to get bored - they have no motivation because they can’t see how this connects to their life. At #3, maybe you still have 5% around and interested. We can get normies to pay attention if we change the structure: Start with a real problem people face and care about Dig in to the root of that problem Show how a supply-constrained, globally-transactable, free-market money might solve that problem. Then wh...
First time buyer
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How do I go about buying my first Briecoin? I’ve heard you don’t have to buy a whole wheel. I think there was a podcast that said you can stack slices. I also heard that The FARM will keep pumping out an unlimited supply of milk which just seems to go bad over time, whereas Briecoin is hard cheese. I guess the good thing is you can always convert your milk into Briecoin. I keep seeing this meme about The FARM. Something about Milk cow go MRRR. I don’t get it. Also people have been telling me to keep my Briecoin in the fridge. Cold storage they call it. Not your keys, not your cheese. I just know I have to get to 3.14 Briecoins before the next halving. There’s only so many Briecoins that will ever exist right? Seems like a nice round number. Can anyone help? Submitted April 25, 2020 at 12:59PM by 0xtail1 https://ift.tt/358tGCq
What is Bitcoin? Explained by Peter Van Valkenbrrrgh in just 2 minutes.
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Non-wrapped bitcoin trading on a non-custodial exchange is now possible
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I wanted to share some excitement for a project that finally achieved non custodial bitcoin trading. So before you judge this post, realise this isnt an atomic swap or wrapped bitcoin. This has already been achieved. No, this is real bitcoin trading against ethereum and usdc with order books etc. I find this to be a exciting achievement because i kind of hate binance and the power centralised exchanges hold. Bitcoin set the example of users holding assets themselfs. No need for banks. Yet these centralised exchanges more act like banks...and users store their btc there like bitcoin was made to be stored on banks. If you want to try it yourself, head to http://nash.io/ you can trade up to 1k usd without needing KYC. Again, you hold the keys here. And the funds are also still yours while they are in the trading contracts. I can also understand the people who would not like the kyc requirement on the bitcoin community though, but i think its good to bring more adoption to bitcoin. A...
What you may see as a speculative investment, is my savings account
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They're back ! You can buy alpaca socks with bitcoin once again !!!
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In the meantime, fiat is becoming more and more worthless in Venezuela. Who's next is just a matter of time.
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PSA: You can still become a millionaire or even a billionaire...
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1 million satoshi (0.01 BTC) currently costs ~$75.00 USD. 10 million satoshi (0.1 BTC) currently costs ~$750 USD. 100 million satoshi (1 BTC) currently costs ~$7,500 USD. 1 billion satoshi (10 BTC) currently costs ~$75,000 USD. Better not wait until EOY 2021 when 1 million satoshi will probably cost $750 USD, or you'll complain that it's "too expensive" to become a millionaire... It will be pretty mind-bending when--in a decade or so--we look back on this time and remember "how easy" it was way back when to stack a few million sats... And, we'll probably all wish we'd stacked a few more millions. To all the trolls: YES. I believe it is more likely than not that we will see a 10x gain (~1.3 trillion market cap) by the end of 2021. And then I think another 10x (~10 trillion market cap) gain within the next 10 years after that is more likely than not to occur. This is a LONG way from Bitcoin becoming a new reserve currency. But it IS Bitcoi...
Cryptoconomy: Read_384 - A Declaration of Monetary Independence [Brady Swenson]
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Bitcoin Messenger Juggernaut Explores Censorship Resistance During Coronavirus Crisis
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Daily Discussion, April 24, 2020
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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. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted April 24, 2020 at 12:00PM by rBitcoinMod https://ift.tt/2Vx3A8M
Bitcoin gets a quick mention on CNBC as a potential future world reserve currency. (@ 7m3s)
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Bitcoin Q&A: How would Bitcoin be affected by a return to a gold standard? - Andreas Antonopoulos
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Bitcoin rose on its own on the day the US stocks gave up its gains this Thursday
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Worth The Read... Ray Dalio sounds like a Bitcoin Maximalist
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This guy is insanely wealthy and insanely smart. Glad to know that some of the founding principles for why I am in Bitcoin are the same reasons he sees an approaching "Changing World Order." https://www.bloomberg.com/news/articles/2020-04-23/ray-dalio-dives-deep-into-money-to-explain-changing-world-order *grabs popcorn* Submitted April 24, 2020 at 03:31PM by Kinolva https://ift.tt/3eMk98d
Why is r/btc permitted to be controlled by bcash shills?
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Finally got my wife on board.
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So my wifes dad just got laid off, and i made her watch the Big Short. Over the last year i have been trying to justify us putting a hundred dollers about every other week towards Big dawg BTC but she just didn’t understand. The movie the Big Short was a great learningg tool to help me explain bitcoins purpose, and show her how fucked up our monetary system is, scams, rigged , way way to much fat, the movie helped me show how btc is future. Anyways we poppin off fam, startin to reward the hodlers today folks🎢📈📉📈 Submitted April 23, 2020 at 08:43PM by BatMelk https://ift.tt/2xVHcNg
As the World Turns Upside Down, Plan Bitcoin Is Gaining Momentum
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Bitcoin is by far the most liquid cryptocurrency. Here's why that's important
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Bloomberg: “Stock-Market Shakeout Accelerates Bitcoin’s Gold-Like Transition”
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74 Percent of Bitcoin Mining Powered With Renewable Energy
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I'm writing my bachelor's degree on how users manage their keys, answer this 2 minute survey and receive some Bitcoin
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Americans Are Using Their Stimulus Checks To Buy Bitcoin
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Venezuela update. One BTC is around 1,400,000,000 Bs. (Bolivares), days ago it was 948,000,000 Bs.. 604 BTC were traded last week, up from 505 using LocalBitcoin. Minimum monthly wage down to 2.25 USD.
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Just updating. Today and yesterday the Bolivar plummeted, exchange rate was around 130,000 Bs. / USD at the time writing this post it is around 200,000 Bs/ USD. 53% devaluation in one day. LocalBitcoin keeps trading around 500-600 BTC weekly. These are really big volumens considering the actual economy and it is only one exchange. The source, I think remmintances from families abroad, some private companies, miners (goverment iself too). This week situation has worsened. Today my fathers got in ther accounts their retirment monthly payment. Only 1.2 USD. Yes, you read it right it is 250,000 Bs. A lot of people don't believe the wages we have here. For example, a good wage (like airline pilot) is around 200 USD per month. The Venezuelan engineers college suggest a 200 USD per month wage for a starting Engineer, good luck finding a place thay pays that, here you can see (March, exchange rate was aroun 80,000 Bs. per USD) http://www.civ.net.ve/uploaded_pictures/69_d.pdf Ther...
Halvening coming up. I won’t post this again for a few years.
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Think twice before posting how much Bitcoin you have. You are putting a target on your back!
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Hello everyone, I felt like it was needed for me to make this post after seeing so many posts including details of Bitcoin purchases of vast amounts. When you make a post about having lots of Bitcoin, you are really just telling hackers that your device is of interest to them. This is of particular importance if you are using your own personal Reddit account to make these posts as you likely have some information on you profile which they could use for social engineering techniques. That's all I have to say, have a good day :) Submitted April 23, 2020 at 04:57PM by HarryRobso https://ift.tt/2XXDQEc
Cuba now has its own Bitcoin exchange, despite restrictions
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Bitcoin is a super commodity, minted from energy, the fundamental commodity of the universe
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Stimulus Checks Exchanged for Bitcoin Show a Loss of Confidence in the U.S. Dollar
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I just bought my first 500 $ worth of Bitcoin .
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I just randomly started searching for it, and it looked very promising . The fees for purchasing were really heavy though, not only the conversion rate was in favor of the exchange, but they charged 5 % on top of that . I installed the electrum wallet as I didn't have space for the whole blockchain to be installed in my PC . I did this because I think the bitcoin halving will increase the price and what will imcrease it even further , it is when we get out of quarantine and what may increase it even further will be the goverments printing all this money while there is an fixed supply of bitcoin. These are my beginner ideas, any tips would be welcome Submitted April 22, 2020 at 09:32PM by ceswk https://ift.tt/3cFp1ds
A warning to others; Changelly.
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They needed to KYC verify me AFTER they had already held the Bitcoin transaction... That's fine, I've got all my papers. Show them what they asked for and was denied verification with no route to make it right or appeal. So don't send them your coin unless you want to gamble with them deciding whether or not you will actually complete an exchange using Thier service. The funny part is multiple exchanges of a couple hundred bucks was no issue. Once I trusted them with more they snagged it up the first time. I tried to message them on their Reddit only to have the main person message me to send my transaction ID and radio silence again. DO NOT TRUST CHANGELLY unless you like a gamble. Submitted April 23, 2020 at 01:27AM by tlowe90 https://ift.tt/2KrRCqU
In today’s papers - “The halving in 2012 saw bitcoin's value shoot up by 80 times, while the 2016 halving preceded a 300 per cent rise in bitcoin's value. The simplest explanation for these price increases is the basic economic principle of supply and demand:”
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Bullish! Bloomberg Just Released A Report Calling Bitcoin Digital Gold [April 2020]
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Daily Discussion, April 22, 2020
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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. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted April 22, 2020 at 12:00PM by rBitcoinMod https://ift.tt/2Kl4Xky
PSA: Scammers out in force, do NOT send any bitcoin as an "investment" with a guaranteed return!
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I have been DM'd by several scammers over the last 24 hours asking for me to invest BTC in exchange for a large return ("trading profits"). No legitimate investment service would contact you directly in this manner or promise guaranteed returns. Submitted April 22, 2020 at 08:44AM by jgun83 https://ift.tt/2RYm1kx
Hong Kong Launches Its First Regulator-Approved Bitcoin Fund
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If Bitcoin taught me 1 thing...it’s that we are in the “return to normal” phase right now with the SPY
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“#Bitcoin has completely changed my life. The fact that it runs like clockwork when stock exchanges and governments struggle to function speaks to how amazing it is."
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PayPal US Now needs your SSN so you can send or even Hold money in your account!! Here is When you appreciate Bitcoin
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The bitcoin journey of an average man.
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Im a 32 yr old male, and i first got into crypto in well around 2010 when i bought something on silk road that lasted one night of fun and cost like 15 btc. Then i got back into it after listening to the joe rogan A.Antenopolus in around 2015 i believe, thats when i started to actually go dive down the rabbit hole and learn what it was and how it worked, bc of mr A.Antanopolus. Traded a bunch of alts and then 2017 happend and it was crazy, thought i was gunna be rich, then everything fell back to earth. Had a bunch in Wagerr the sports betting app. And thats where input the rest of my crypto into. Kinda gave up on it honestly and forgot about it bc nothing was happening. Ended up putting all of my gains from 2017 into wagerr and betting it on the Chiefs which was insane(im an idiot but got lucky) so after the Chiefs won my interest was peaked again and I actively started to learn about the main dawg Bitcoin. Then the Covids dirty V slammed onto this planet and ive been obsessed with ...
Rare historical photo "Crowd introduced to Sound Money" 1929
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There is no printing of Bitcoin but there is fake gold! BofA doesn’t get it but they will!!!
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I won in the virtual Bitcoin race car tonight and beat the real Dale Earnhardt Jr, Kyle Busch, and other pro drivers in front of 50,000+ live viewers. Woohoo!!
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Bitcoin is primarily used for payments, reveals new survey - 34% of its users say the principal use of Bitcoin is for online payments rather than for investment (24%)
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The Bitcoin "Mayer Multiple" Explained | Educational Breakdown
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Warren Buffett Calling Bitcoin “Rat Poison Squared” Is a Great Reason to Buy Some
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What is dead may never die
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Been called a fraud, scam, Ponzi scheme, rat poison Trashed by nearly every mainstream economist “Died 380 times” in the mainstream press Survived what may be the financial crisis in 100 yrs (Corona) Bitcoin absorbed all of this negativity and is STILL thriving! Submitted April 22, 2020 at 12:51AM by dan_held https://ift.tt/34Stc30
UNIVERSITY OF OXFORD recognizes the Importance of Digital Currencies and publishes two researches
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Bitcoin ETF live trading in Canada
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https://finance.yahoo.com/quote/QBTC-U.TO?p=QBTC-U.TO&.tsrc=fin-srch The demand is so high for the closed ETF that it is currently trading at a 25% premium over its NAV. Can't wait to see open ETF trading at par value with BTC. Submitted April 21, 2020 at 03:49PM by Tothemoonplt https://ift.tt/2xKq39e
Bitcoin Tech Update with Andrew Poelstra — What Bitcoin Did
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Who else thinks a zero/negative oil price could potentially trigger the collapse of investment banks globally?.. Lehman Brothers 2.0?
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A few banks being on the wrong side of the trade when it came to US mortgage backed securities in 2008 triggered a severe global financial crisis. How many banks around the world were prepared for a negative oil price. This could be triggering a global banking crisis worse than 2008 as we speak. Oil is far more important than one countries mortgage market. When dozens of investment banks around the world start filing chapter 11 bankruptcy who is going to want to keep their savings in a bank especially when bail-ins are now legal. This is what bitcoin was invented for.. and simultaneously the halving is happening. You couldn't make this stuff up, its like something out of a movie. The moon is just beyond the horizon and anyone that can't see it is about to get blindsided by it. Bitcoin can rise even faster than oil can fall... Submitted April 21, 2020 at 05:18PM by slvbtc https://ift.tt/2zmkyhL
First new US exchange to trade regulated BTC derivatives approved today
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Online News, let me pay you! If I hit a paywall I usually give up....not because of the cost
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When I get a link to a reputable news website (new york times or similar), I view it, see that I have to pay to read it then I either.... 1. Search to see if its content is posted somewhere else for free 2. Give up and never read the article Please show me a bitcoin/lightning QR code for $X fee to read the article then unlock it as soon as its paid. This is not a cost issue, its a UX (user experience issue) Please upvote if this has happened to you. Submitted April 21, 2020 at 02:12AM by hungdoge https://ift.tt/3bpWt7B
1999 Cypherpunks Forum Message from a Young Satoshi Nakamoto? Well now...
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cypherpunks post links here Recently found post from anonymous cypherpunks member who some think could be Satoshi Nakamoto a decade before the White Paper was released. I don't know what to think but these kind of revelations are/should be of interest to those who would like to know more about how the cryptoverse was born. I hope this article will lead to more such revelations leading up to the birth of Bitcoin. Submitted April 21, 2020 at 02:16AM by cryptologyx https://ift.tt/2VqNQEu
Can we all appreciate that bitcoin was at $6900 on 4/20/2020
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People were laughing on bitcoin futures but look what happened to oil futures today
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Technical : Schnorr tricks for Bitcoin or the black magic of crypto
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I am very excited for Schnorr signature and Taproot in Bitcoin for many reasons. It is a massiv privacy improvment (e.g. hidding the opening/closing transaction of a Lightning channel behind a normal transaction). Schnorr signature is also a scalability improvment thanks to MuSig and cross-input aggregation although it will be probably implemented only for CoinJoin transactions. All of this is already so cool. But I think that all the tricks that Schnorr signature allows in Bitcoin are underrated ! Taproot and MAST are already tricks that massively increases the possibility of spending conditions but there is also Adaptor signature, Discreet Log Contract... I found great explanations of them in these amazing slides by the author of MuSig paper. It is technical but if you understand the basic of elliptic curves cryptography you should be ok. Discreet Log Contracts allows the private settlement of any contract (with loops for example) off-chain with oracle, as I wrote in yalls . So...
PHYSICALLY settled bitcoin futures and options contracts with MARGIN approved by the CFTC!
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What are the differences between now and the previous BTC halving?
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Famous Investor Tim Draper – "Governments Have To Switch From Control To Service"
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nice idea @hodl_american and Bitcoin Twitter, group stacking some sats for Columbia Bitcoiner @ancapchildren
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Is Bitcoin really an "uncorrelated assets"? I made a live tool that monitors correlation with gold and stocks
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In the US, lost your job, and selling long held Bitcoin to pay your bills? Watch out for estimated taxes and underpayment penalties.
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Some people here are in the unfortunate position of having been furloughed or recently lost their jobs due to the pandemic, but are in the highly fortunate position of having well appreciated Bitcoin holdings that can be sold to pay your living expenses. In the US this situation presents a minor tax risk in that you might not be expecting. The IRS (and many states) require that you make payments through the year which total either 90% of your tax obligations or 100%* of last years taxes (* 110% if your AGI is over 150k). If you don't meet these requirements and owe $1000 or more in taxes there is an underpayment penalty of roughly 0.5% per month under paid plus interest (recently around 5% but it may drop to 3.25% due to the federal funds rate changing). When you have an ordinary job payroll tax deductions mostly take care of meeting your obligations, or at least getting close to them. However, if you lose your job and start living off selling Bitcoin you'll owe taxes on you...
Is it just me or has it been suspiciously quiet lately lol
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Why do WIF-compressed private keys exist?
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I am reading Andreas' Mastering Bitcoin (great book btw) and got to the section where compressed and uncompressed public keys are explained (pages71-74). I have a question that I don't find an answer for, maybe someone here can help - might be a little too technical though. If I understood correctly, the public keys are just (x,y) coordinates of the elliptic curve generated from the private key. Now there's two versions, the original version where the entire x and y coordinates are shown (04... public keys) and the newer version where the y is calculated from y² mod p=(x³+7) and are either 02... or 03... depending on whether it represents the positive or negative y. All good. However, in order for wallets to know if they should search for the addresses generated from hashing the compressed or the uncompressed versions of the public key when importing a private key, the book says two types of private key formats were developed to represent what type of public key should b...
$166B Asset Manager Renaissance Eyes Bitcoin Futures for Flagship Fund - CoinDesk
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Daily Discussion, April 19, 2020
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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. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted April 19, 2020 at 12:00PM by rBitcoinMod https://ift.tt/2VhqUY6
Paxful.com and staff willfully allowing nigerian scammers to launder money
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The bulk of paxful trades are gift cards by nigerians and indians. Has paxful staff never questioned how nigerians manage to get usa giftcards considering they do not sell giftcards of such in nigeria. Paxful boasts high volume trades of giftcards bought in the usa from nigeria users yet they do not wander how the nigerians get their cards? These nigerians scam USA residents through various methods such as online dating scams. They target vulnerable people and Paxful help them to launder thier money. What kind of business model is this? After trading on paxful for less than a month I have realised this. The owners have not realised this in the 5 years they have been open? I have collected proof and I will be reporting this to news outlets in the near future. From nigerians uploading images of the chats they have with these vulnerable people accidently to them putting their paxful display picture as the person they have scammed. Paxful is willingfully doing so. They know the source ...
It's happening. Low time preference house in Florida accepting Bitcoin for sale.
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I have my entire net worth in bitcoin
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Hi I won’t say how much I have but I just turned 25 and every dollar I’ve made since I was 19 I’ve put into bitcoin. I’ve never sold I just keep buying bitcoin. Every paycheck , majority of went straight to btc. I need my money badly right now but we are also in such a trying time I don’t want to sell. But truth be told , there is always something trying so I never want to sell. It’s conflicting because I need the money because my life is deteriorating and I have these bitcoin but I just can’t sell. Instead of buying food I buy bitcoin. It’s honestly a sickness at this point Submitted April 19, 2020 at 11:39PM by PMD20XX https://ift.tt/2KjWZIx
Twitter, who's CEO Jack Dorsey is a large Bitcoin advocate, had their request to reveal Gov't surveillance requests blocked by a Federal Judge
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During a global lockdown, paypal locked my account with a $3000 balance for 180 days
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In a time where the majority of population is struggling with money, these thieves are able to lock funds just like this, potentially leaving people without anything. The funds came in my company's fully verified account from 1 transaction of a single client, with regular invoice, contract and VAT ID. No fraud or any other illegal bs like they're trying to say. Rarely i've been so relieved and happy of having and using the majority of my savings in bitcoin. Submitted April 19, 2020 at 04:25PM by PhixenArts https://ift.tt/3evNGmx
Bitcoin is the apex predator of money
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"[Bitcoin] can’t be changed. It can’t be argued with. It can’t be tampered with. It can’t be corrupted. It can’t be stopped. It can’t even be interrupted. If nuclear war destroyed half of our planet, it would continue to live, uncorrupted.” — Ralph Merkle" Read more here👇 https://www.danheld.com/blog/2019/1/6/planting-bitcoinspecies-14 Submitted April 18, 2020 at 11:23PM by dan_held https://ift.tt/2wOFtJc
Haven't payed BTC much attention in the past while, but with the economy doing the thing right now I decided to invest a little
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British cartoon from 1797, criticizing the government for abolishing the gold standard, leaving the little man with only fiat currency.
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Bitcoin halving search in google trends now triple what it was in 2016!
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288 hours to clear a check deposit! Modern banking system is inefficient.
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Here's a video explaining how the government is "protecting" us through this pandemic, and why Bitcoin is the antidote 👀
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The Everything Bubble might have popped & that could be huge for crypto. Took me a while to compile the 25+ sources (Forbes, Reuters, Ray Dalio, Financial Times...)
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Microsoft patent “W02020060606 CRYPTOCURRENCY SYSTEM USING BODY ACTIVITY DATA” was published 3/26/2020
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https://patentscope2.wipo.int/search/en/detail.jsf?docId=WO2020060606&tab=PCTBIBLIO&fbclid=IwAR3mmk5o22HuPzSsXdnOsgMDbZCS51qLJU3zsgoJTOqonPtraZZSUanNtng ^ I find that patent EXTREMELY interesting. Using human body activity to mine cryptocurrencies... i have many questions. How would he mine from a human body? What relevance is this to Microsoft’s evolution? Was Bill Gates in on the board at the time of filing application? What other cryptocurrencies/blockchains follow similar paths? Publication number: W0/2020/60606 I’d like to hear your thoughts! I’d like to hear analysis on the effects of Microsoft on Bitcoin down the road. Submitted April 18, 2020 at 10:32AM by bjtbtc https://ift.tt/3biTbmP
Venezuela update. Last week 505 BTC (DOWN from 681) were traded using LocalBitcoin which is around 420,000000,000 Bs. (Bolivares) (ATH, last week it was 417,000,000,000 Bs.) Minimum wage is around 3,5 USD per MONTH. One BTC is 948,000,000 Bs. from 885,000,000 Bs. last week. AMA.
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Hi guys, it has been steady around 2000 BTC per month. It is both ways, using Bolivares to BUY Bitcoin and selling BTC to get Bolivares. In my opinion, there are some miners here, there is people that get Bolivares and want to exchange them to BTC, the own goverment, people that get paid in BTC or USD and use LBTC to get Bolivares. Banks are closed and ATM only give less than 1 USD per day. These volumes are only measured using Localbitcoin (LBTC) using their API (Coindance). Big part of that exchange come from Venezuelans that live abroad and send money to their families, miners, people that get paid in cryptos (freelancing) and even the own government. It has been STEADY around 2000 BTC per month. Other exchanges and other trades were done, but no way of measure them. Here in Venezuela situation is really hard, some people dont believe that amount is the minimum MONTHLY wage. I work and earn more than that BUT now because this situation my wage was slashed 50% (anyway, the amoun...
Why bitcoin is the solution to an unsustainable inflationary debt based monetary system explained in 8 tweets
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I am programming the ultime tool to encrypt your Paper Wallet.
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$75 billion hedge fund Renaissance Technologies is eyeing the bitcoin futures market
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PSA: update your Trezor - big Vulnerability - by Saleem
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The Human Rights Foundation is Accepting Bitcoin, Lightning Network, and PayJoin Donations!
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VanEck CEO: No [Real] Reason to Not Allow a Bitcoin ETF in the U.S
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“Bitcoin is Gold 2.0” says this millionaire who is buying $150,000 per month in Bitcoin - this interview is great from bitcoin and general terms; energy is consumed by big banks too - he refutes the energy consumption argument of bitcoin! Overall gem interview!
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If every US citizen that receives a stimulus check wanted to buy 0.1 BTC... it wouldn't be possible. There isn't enough
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And that is being overly generous. There could likely only be less than 0.04 btc per person to go around... if no one else in the world buys any before them. Someone check my math if I'm off, but thought this would be interesting to theorize. I am not saying that this would happen (as it definitely wouldn't.) Just wondering what is even possible if the demand increased that much. So here we go: Of the $2.2 trillion stimulus package, approx $300 billion is going out as $1,200 stimulus checks. Which would be divided up for 250 million citizens. Current supply of bitcoin is around 18 million coins mined. However it is estimated that 3-4 million are lost forever. So let's say that our actual supply available to trade is 15 million (conservative guess). If the current total supply mined is 18 million, approx 11 million coins (60% of the total supply) haven't moved from their wallet in 2 years. If we subtract the estimated 3 million lost... That leaves 8 million unlost c...