Shark Tank's Kevin O'Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio
https://ift.tt/2PhcGpv Submitted March 01, 2021 at 07:30AM by Itstooeasydude https://ift.tt/3r5Wcyr
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Showing posts from February, 2021
My wife is my best market indicator
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Been in the space since 2017. Lost a lot of cash then started learning. Hodl is the way my friends. Interestingly my wife seems to be the best indicator of the market to the general public. Whenever she asks me 'how's the bitcoin doing?' I answer "why?" And she's like 'elon something,' or 'i read its up, what's it worth?' I know its time to expect a dip. Conversely when she says ' I heard it crashed again, should have sold ' I know its time to buy. Its hilarious. Its like having public sentiment in my house. Submitted March 01, 2021 at 06:21AM by bernardkay https://ift.tt/3c2JJph
Bitcoin blessed 💯
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I simply do not feel comfortable talking to anyone I know about this nor do I think anyone I know could relate. My hope is someone here understands. This recent crypto correction has put me near 30% off the top of my portfolio... and this is by far the most money I’ve ever had in my life. And what I can’t believe is that I can still fall asleep at night and make it to the gym in the morning. How am I numb to my portfolio swinging more money than I’ve made in my entire life.... in a matter of a couple days. I feel blessed to say the least. 🙏 Submitted March 01, 2021 at 01:12AM by Geee-Bee https://ift.tt/2MwWUpu
Attention anyone who bought bitcoin and now is worried about the end of the bull run, pleass check out this.
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Only 83 BTC were traded last week in Venezuela using LocalBitcoin (lowest since July 2016). That amount was 7,299,000,000,000 Bs. (Venezuelan currency). Right now one BTC reached 84,000,000,000 Bs. Monthly minimim wage at 1.25 USD.
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Hi guys happy hodling and trading! Hope you are doing ok. As I always explain, I'm a Venezuelan "living" here. Lower volume in BTC but still around 5-6 million USD weekly, that is way, it is constant in USD not BTC. So many years since we are under 100 BTC weekly, I think some people that use LocalBitcoin are moving to Binance, that is just my explanation without any proof. People that usually trade are mostly miners, people sending remittances and store owners getting rid of their bolivares and even the goverment/military as well. Considering the low minimum wage, forget that people using crypto, it is impossible for them. If you want to know something ask me anything. Here the economy is a mess, so many poor people and a lot of people surviving! I have gotten even puntual work from some redditors since I started posting here, what a great community. And MOONS (cryptocurrency subreddit), wow, have helped me a lot (Sadly I have to cash out). Sources: https://www.u...
Bitcoin and cryptocurrency markets crash 20% but analysts predict new record highs
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Any other Canadians buying bitcoin because there is no alternatives?
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Canadian home prices have 3x since 2006. In markets with jobs for young people houses have more than 5x in that time. Anytime asset prices in Canada are going to fall the Bank of Canada is ready to step in and lower the short term interest rate and purchase long term bonds to suppress the long term yield. Despite low unemployment, low inflation and a booming economy they wouldn't even raise rates past 1.75% in 2018/2019. This has been great for people born before 1990 as they can use their assets to get loans to purchase more assets while the debt is inflated away by the Bank of Canada. But unfortunately for people born after they have not had the same opportunity to enter the asset market because wages haven't kept up with asset inflation let alone CPI. The Bank of Canada has cheated an entire generation. They expect us to now spend 45% of our income on housing to give boomers a golden parachute to retirement. Even as rates rise they will just implement yield curve control ...
Shower thought: You don‘t sell BTC, you just convert it to a weaker currency.
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People think ‚oh i‘ve made profit, imma sell‘. You are not selling, you are most likely converting from a limited currency to a currency thats being printed on the day. It‘s like profiting on a Argentine Peso -> USD Forex trade. No point converting back to Peso‘s, just hold the USD it‘s much stronger. Submitted February 28, 2021 at 03:11PM by frankOFWGKTA https://ift.tt/3uEQAgY
I’m not sure if it’s a 🇺🇸 thing but.... it seems people forget that other countries utilize BTC as currency and not a hedge 🤷🏽♂️
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Today I did for my brother something that nobody did for me
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So today is my brother's 13th birthday.He is pretty tech savvy and he looks up to me a lot so I did what someone never did for me on my 13th birthday.I bought him $50 worth of BTC and gave him his very first bitcoin address.Considering I am now 21,if someone bought me this amount in 2013 and taught me what bitcoin and crypto is all about,I would now be in the 5-digit mark,just from that $50 alone. So for anyone out there with younger relatives,give them the gift of bitcoin.They will definitely appreciate it sooner or later. Submitted February 28, 2021 at 06:18PM by TheCreepNextDoor https://ift.tt/3uCCtZr
Used Gemini (Flexa) to pay for Baskin Robins and it was actually easier than paying with card...
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The months and years ahead will be so interesting
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The economic landscape in the United States and around the World is currently in a fascinating place, and it seems as if a perfect storm is brewing: Massive economic growth potential driven by tech acceleration Record government money printing and stimulus Loose monetary policy High unemployment concentrated in the underserved Record high asset prices Anticipated inflation Accelerated information sharing A widening gap in innovation between government and private industry Regulation that simply can't keep up or doesn't make sense I have no idea what will happen next. I have no idea where Bitcoin fits into all of this. We are living in one of the most interesting times in human history, and the story still has many chapters to go. Submitted February 27, 2021 at 11:22PM by StubbedMyToez https://ift.tt/2ZYxYKA
STOP DEFENDING BILL GATES
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I am tired of people defending Bill Gates and saying things like, "Microsoft uses open source development and accepts crypto" or "He is looking out for small investors by warning them against volatility". Microsoft is adopting these things because their attacks against them failed. Where was Bill when small investors were getting wrecked in the stock market or losing their pensions? Where was his love for open source when Microsoft attacked open source licenses? Let's take a look at the history of Bill Gates and Microsoft regarding open source and crypto: 1998 United States v. Microsoft was a set of civil actions filed against Microsoft Corporation by the United States Department of Justice and 20 U.S. states. The plaintiffs alleged that Microsoft abused monopoly power in its handling of operating system sales and web browser sales. Microsoft won their right to continue breaking the law. 1998 leaked internal Microsoft documents state the following "OSS ...
When did bitcoin become about simping for billionaires?
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Andreas Antonopoulos brought this up in a recent podcast. Bitcoin's narrative has shifted a lot from banking the un-banked, and replacing old corrupt institutions. Now, the community is simping for these same corrupt institutions, as soon as they started pumping the price. I can guarantee, these institutions do not care about Bitcoin's censorship resistance, decentralization, or about banking the un-banked. They've just bought Bitcoin, then created hype so that their own investments can go up. These institutions will not support changes that improve privacy, as that makes it harder for regulators. They will try to "normalize" Bitcoin into traditional systems. For example, Michael Saylor has said that Bitcoin isn't meant to be used as a currency, he said its just a store of value and a gold replacement. He's trying to make it fit into traditional systems. So called "normalization of Bitcoin" is bad. People are trying to make it fit into the sa...
I think Elon musk should start a bitcoin mining farm with Tesla. He has all the infrastructure to build the most energy efficient bitcoin mining farm the world has ever seen.
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To the man at the grocery store...
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Saw an elderly man (maybe 65-75) today at the grocery store in a Bitcoin shirt. Didn’t say anything the first time I saw him but told my wife and was like “adoption, that man gets it”. Later seeing him at the checkout, I told him I love the shirt and he replied “keep stacking”. That’s why I’m a believer in Bitcoin bc if the older generation is starting to get on board and adapting then we have even more growth in our future, so from the guy at the store, Keep stacking. Submitted February 28, 2021 at 03:50AM by ajdiddy https://ift.tt/3dTmmkg
After Craig Wright claims to be the hacker who robbed MtGox, MtGox victim threatens to sue Wright over stolen funds
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I just love that the price has stabilized around 48k for this long.
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Is it just me that finds it odd that Bill Gates is taking it upon himself to publicly hate on bitcoin?
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Why does he feel the need to take time out of his day to tarnish bitcoin? Is it just a celebrity/important person thing to take it upon themselves to vocalise their opinion, or does he have some kind of incentive for doing this? Submitted February 27, 2021 at 04:42PM by Flewizzle https://ift.tt/2NNO2we
Bloomberg Senior ETF Analyst: SEC Bitcoin ETF Approval Is Just Around the Corner
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Miners Begin Accumulating Bitcoin Instead of Dumping, First Time Since Dec 27
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Don't even tell your parents you have bitcoin
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I have a very good relationship with my parents, but they're a bit nosy especially when it comes to finances. I told them about a small amount I had in bitcoin many years ago, but now that it's in the five figures they have gone and told other people, and pressure me every single phone call to sell. It's commonly repeated here to not tell anyone you have bitcoin, but you can trust your parents, right? Maybe you can, but their knowing will possibly change the dynamic of the relationship such that you no longer enjoy talking to them. Just don't risk it. Keep it secret. Submitted February 27, 2021 at 03:34AM by CaptainOuzo https://ift.tt/3pZ03fw
"The United States can pay any debt it has because we can always print money." - Alan Greenspan, Chair of the federal reserve (1987-2006).
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Bitcoin Pizza tribute; Two pizzas for 10,000 BTC. It’s almost a legendary story by now. For many bitcoiners, it represents an important milestone in the history of Bitcoin.
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Bitcoin is a Frankenstein's monster, stitched together and built using over 40 years of research and failed attempts. It was Satoshi Nakamoto who was brilliant enough to realize that prior attempts all failed due to their lack of running on a decentralized network. The rest is history.
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1.9 Trillion Stimulus Bill has been approve, $1400 Checks going to US Citizens 💵 The US Fed printing press will be going 24/7 Brrrrrrrrrr!!!!
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Spouses and Bitcoin
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I see a number of posts on here about people hiding bitcoin purchases from their spouse (married significant other). Or how people are upsetting their spouses with their bitcoin purchases. This is not a bitcoin issue. This a marriage issue. Take the time to work an intentional plan with your spouse. Set goals. Make a monthly budget. And decide what to do with your money together. Your financial life is much more than just bitcoin. And you and your spouse should be working as a team. If you disagree on allocation into bitcoin, talk about it. Set a plan where you achieve your financial goals together, and teach your spouse how bitcoin might be part of that. And be open minded enough to understand that your spouse has goals that are more than just stacking sats. Submitted February 27, 2021 at 06:32AM by byb9069 https://ift.tt/3uEGYmc
MicroStrategy CEO says bitcoin will one day have $100 trillion market value even as price dives. #cryptocurrency
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I got accepted to a job which pays in BTC!!
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Heyyy dear people I had to share this one for my community 🥴 I got accepted to a job which pays in BTC 😬 it’s a costumer service at a Bitcoin Exchange in Tel Aviv right in the middle of this precious city. It’s my extra job with 5 hours shift & they pay in BTC which I get to chose the percentage for cash or BTC, it’s a life changing to me because I always invested with little money on crypto and never had the opportunity to invest bigger amounts 😕now I have this opportunity to keep 100% of my payment to BTC and start collecting those within time 😀😀😀 I’m obsessed with crypto and Love so much it’s Idea and it’s potential it has. so just wanted to share with you this one I had in kept in my stomach and wasn’t sure if to publish it or not, but YOLO 😚😚 thanks for reading, hope everyone here will get paid in BTC !! Submitted February 26, 2021 at 10:22PM by FireBangerIL https://ift.tt/3dQCQJR
Time for a narrative shift. Bitcoin is about freedom, personal responsibility, and trying to fully realize the hollow words that are written on the US Constitution and Declaration of Independence. Stop focusing so much on the price, and focus on ending govt money monopolies.
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Made this in my high school animation class thought it would be a good reminder of not to panic sell!
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A few hours ago /r/bitcoin hit 2.5 million subscribers! 500k new users within the last 48 days. Unbelievably awesome! Welcome, friends!
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The first Bitcoin reference in television history aired on The Good Wife in 2012, when it was only worth $3.41
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MIT announces 4-year project that seeks to strengthen the Bitcoin Network Security
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I’m not a smart man, but if you are never going to sell Bitcoin, why are you worried about today’s price?
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I mined about $20 USD in bitcoin years ago and basically forgot about. I just logged into the account today and is is over $450. If that isn't a reason to HODL I don't know what is.
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Why I don't care about the volatility
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1) I did my homework...I know where this is going, so day to day or even month to month values mean next to nothing to me. I have literally gone months without even looking at the current value. In 2018 I had no clue it had dipped below 4k. 2) This was always a long play for me...buy and hold...for years...not weeks or months. This isn't a get rich quick game for me...that being said I will likely be able to retire a few years early because of it. 3) Bitcoin isn't going to zero at this stage. If you don't know why that's true, then you don't understand network effects and Metcalfe's law. If it's not going to zero its going to go a LOT higher. 4) It's not going to get banned in the US. It will get regulated. Thats a good thing. That will bring in even more institutional investors. Regulation means "legitimacy". 5) Central bank digital currencies are coming. They will have no negative impact on BTC...they will likely drive it even higher by ...
Coinbase is going public to follow bitcoin “boom” momentum
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JP Morgan Says Investors Could Make Bitcoin 1% of Portfolios
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JP Morgan Says Investors Could Make Bitcoin 1% of Portfolios https://www.msn.com/en-us/money/markets/jpmorgan-says-investors-could-make-bitcoin-1-25-of-portfolios/ar-BB1e0Ukh When I see this type of article it is insane to me when I think back to 2017 when I would see ads on my Facebook feed from JP Morgan talking about how bitcoin was way too risky and could go to zero and recommended customers not add this to their portfolio ever. Submitted February 25, 2021 at 10:26PM by TheRedPillIsBitcoin https://ift.tt/3sqBdXn
Not a bitcoin whale by any means, but cashed some out at ATH recently to finance our Phuket kombucha brewery. Bitcoin literally changed our lives and let us realise our dream, during one of the shittest financial times in modern Thai history Wee bit emotional right now ngl.
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Satoshi Nakamoto referenced on the front page (bottom right) of the Coinbase IPO SEC filing
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Satoshi Nakamoto retrieving his printed private keys.
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Coinbase S1 confirms institutions are driving this bull run
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SAYLOR will keep buying more Bitcoin... MicroStrategy to Buy More Bitcoin After $1 Billion Purchase
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Yellen is positive news for Bitcoin
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Yellen continues to warn the public and investors about bitcoin. Unfortunately, that's not her role. That's the SEC's responsibility. Her role is to maintain the financial system of the US, including minting dollars and more fiat. Yellen is really telling us she's afraid bitcoin will disrupt the US dollar. This is positive news. HODLing all the way. Submitted February 25, 2021 at 05:54AM by magicmoonmoney https://ift.tt/37KXl6Y
Coinbase publicly reveals it has held Bitcoin on its Balance Sheet since 2012
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177-Year-Old Swiss Bank Adds Bitcoin, Ethereum Trading - Decrypt
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Lolli is raising 1 billion to buy bitcoin “before Michael Saylor buys it all” Game theory is here
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Jim Cramer Tells GameStop to Buy Bitcoin Amid Latest Stock Surge
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"When we are all paid in bitcoin, no one can tell us what to do with the value we create … In a post-fiat world, you won’t have to worry about your labor and time being stolen." - Russel Okung
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Russel Okung is an NFL player who signed a contract with the Carolina Panthers in March 2020. As part of their agreement, part of his wage is paid out in bitcoin. Russel Okung's comments on bitcoin are spot on: "Money is more than currency; it's power. The way money is handled from creation to dissemination is part of that power. Getting paid in Bitcoin is the 1st step of opting out of the corrupt, manipulated economy we all inhabit." "When we are all paid in bitcoin, no one can tell us what to do with the value we create … In a post-fiat world, you won’t have to worry about your labor and time being stolen." When you have a quarter of the broad money supply being created in less than a year, it is clear that the money printer determines what value is in the first place. If you receive constant government bailouts, either because your company is highly in debt or it secures many jobs, you're never ever going to do anything but to keep your company ...
Cathie Wood Ark CEO: Bitcoin is the "Best Hedge Against Inflation, Better Than Gold" - Feb 23 2021
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99%
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I have 99% of my net worth in Bitcoin. I have some stocks I occasionally use for bills and general purchases. My income is mostly used for bills, etc and to buy more Bitcoin. I rent an apartment. I may get a mortgage at some point but it would be an interest only mortgage. I Have a cheap car, Toyota Camry Fuck the banks, fuck Wall Street. Bitcoin will x100. We are going to the stars. Submitted February 24, 2021 at 11:08PM by _bitcoinbillionaire https://ift.tt/2NAwljQ
A Lightning powered MasterCard for Europeans to spend, send and stack Bitcoin
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The second Bitcoin logo was posted by Satoshi 11 years ago, today!
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Last time I checked, gold can't be mined with green energy but Bitcoin can. Gold = environmental destruction
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MicroStrategy has purchased an additional ~19,452 bitcoins for ~$1.026 billion in cash at an average price of ~$52,765 per #bitcoin.
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The first-ever #Bitcoin post on Reddit, and it got downvoted.
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Bitcoin has never dumped. We’ve been in a decade long bull market. Few.
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To everyone panic selling their BTC
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You’re gonna feel really stupid in about a week when BTC hits 60k and escapes these price levels forever. We’re in the middle of a bull market with price targets of $150k+ literally by EOY. Enjoy the discount you’ve been asking and wishing for. Stop spreading FUD just because you’re scared and have been into crypto less than 2 weeks. If you actually understand what you’re buying, you’ll realize the WORST play is to sell. End rant. Submitted February 23, 2021 at 10:22PM by slidingdoor5 https://ift.tt/37Gqd0e
It's just history, repeating itself. Stack more SATS !
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Max Keiser tears up a 10 dollar bill, screams that he will buy any politicians with the Bitcoin he has.
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Ah when will they learn that bitcoin is a long game not a get rich quick short game
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Is this legal?
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My brother lives in Auckland, New Zealand and I live near Lexington KY. I know insider trading can get you in serious trouble, but does that apply to bitcoin? If he tells me how the market is doing a day in advance, I feel like I can make some pretty big money. Submitted February 23, 2021 at 09:19AM by mitch_brigham https://ift.tt/37DQPz8
Wow, if you had invested $1,000 in Bitcoin ten years ago, today you would have...$980 as you would have sold it too early.
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Yellen criticizes bitcoin for being inefficient and illegitimate
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Only been into crypto for a few weeks but this is how I’m feeling this Monday morning
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"Objects in Mirror are closer than they appear" - not sure if this got posted here before
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14,600,000 bolivars, the amount of money you need to buy a 5 pound chicken in Venezuela
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I converted the price of bitcoin to sound and could not believe my ears
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Peter going through the stages of grief, he's on stage 3 right now (bargaining), next we'll see depression, then acceptance
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Google Pay and Samsung Pay will allow Bitcoin payments
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13,204 BTC (over $ 750m) moved from coinbase to cold storage today. The bull run isn't coming to an end anytime soon.
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MicroStrategy is planning to buy $2,000 bitcoin per second from their $1.03 billion gained after their debt offering sales.
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This is why I like bitcoin (and have HODLed since 2011)
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There's a lot of new-blood coming to this subreddit in light of recent events and so I wanted to write a quick post explaining a bit about how bitcoin works, in hopes that more of you might understand why we're so excited about Bitcoin! Most of the mainstream media just talks about the price and investing. Bitcoin is a great opportunity to invest, of course! We're still quite early in the adoption of this fantastic technology and it's bound to grow a great deal over the coming years, in my opinion at least. But even beyond that, bitcoin is designed to appreciate over time. It is deflationary by design and so holding onto your bitcoins will always be a smart investment. However, bitcoin is so much more than an investment tool! Bitcoin was the culmination of decades of research into cryptography and economics. The white paper is a beautifully succinct solution to a problem that had existed in all previous attempts at an electronic cash system. The double-spend problem...
Using Bitcoin to Escape my Shitty Country Currency
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I live in a third world country, as many of us. Started working a couple of months ago, and I've been putting a bit of my almost worthless salary in bitcoin. Knowing it will appraise in value instead of being fucked by a 50% annual inflation just makes me a bit calmer. Thanks for helping me in this journey! Submitted February 21, 2021 at 08:08AM by panaderow https://ift.tt/3boO85x
The revolution has just started. Welcome to Bitcoin. Seen today in front of Bank of Spain, in Madrid.
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7 years ago, I gave a pizza guy a $5 tip in BTC (.05 BTC at the time). That $5 tip is now worth over $2850. Today, I received this.
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If bitcoin does change the top 1% of wealth just wanted to share a few thoughts
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Those that mined and invested in the early days (dont id yourself please) you are potentially going to be in the 1 percent if btc still goes up. You have most likely experienced not being im the top echelon and if you do i wish you the best. The only thing i ask is that you dont forget how things were and try to help the community and those around you. Right now wealth is causing fights, poverty, and just a lot of trauma. A lot of these people can’t even begin to understand that they are privileged but i hope that if you attain that spot you can. In addition, please educate your kids on what this privilege is so that we dont get rich people who do the absolute minimum and charge the poor till they are evicted. I’m sorry if this isn’t my place to talk, i just see this change in power as an opportunity to really change the world for the better, to really end world hunger, to bring back privacy, and to put all people first, not just the 1%. By all means get your yachts and huge house...
Andreas Antonopoulos explaining Bitcoin in 2013 (May 18th) at The Bitcoin Conference in San Jose, to an empty room. Can you imagine giving this talk to an empty auditorium with a straight face like this? So humiliating but he believed so strongly. He did this for years and deserve our gratitude.
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Is it just me or is one of the best things to come out of Bitcoin the fact that the mainstream media now must use the term Fiat whenever they are talking about old currency.
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I almost have 0.01!
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Hello. I just wanna share since people have been sharing their little victories. I'm a 19yo college student in a 3rd world country, so 0.01 is a pretty big deal for me. I've had BTC for about 3 years now, but I never really held it since I used to accept it as a form of payment for an online service, and would regularly convert it. I regret that! Now that I know better, I'm going to be in it for the long run. For my new years resolution, I promised myself that I would use the money I spend on vape to buy BTC instead, but when you have an addiction it's not really easy. The last time I bought vape was 3 weeks ago! Submitted February 21, 2021 at 07:44AM by fyr11 https://ift.tt/2NoOOjf
Bitcoin now accounts for more than 1% of all the money in the world.
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Just remember that if enough people agree that something is money, then it can be used as money. Don’t overthink it. Buy Bitcoin.
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Lol, remember when bitcoin ‘crashed’ from 40k to 30k three weeks ago?
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If bitcoin reaches the same market cap as gold, a single coin will cost around £420,069 - it's meant to be!
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My half arse working out: When bitcoin reached 1 trillion dollars a bitcoin cost around £37,124. gold's market cap is currently at 11.3 trillion dollars. So => (37,124 X 11.3) ≈ 420,069 Therefore I see this as our next checkpoint. Submitted February 21, 2021 at 01:45AM by Flurbar https://ift.tt/3aDxoby
What an Amazing morning already for BTC. We are just getting started. 57,000$ and counting...
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I'm quitting smoking and buying Bitcoin every week with what I would've spent on cigarettes.
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I tried this a while ago, though I was throwing the money at options on robinhood, just to give myself something to do. Needless to say, it didn't work out. I blew a bunch of money and started smoking again just a few months later. Now, though, I feel like it's different. I'm honestly looking for a way to give myself a comfortable future. I'm a felon bartender with a useless degree, and the pittance of a contribution to my 401k my paychecks provide is just mathematically insignificant. What's clear to me is that I'm perfectly happy literally burning my money, so I shouldn't have any trouble spending the same amount on something with real appreciating value -- my future well-being . And Bitcoin, of course. Wish me luck. Submitted February 21, 2021 at 05:59AM by hippoctopocalypse https://ift.tt/3se9Wr4
The Importance of Stacking Satoshis
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Not everyone in this space is a big fish or whale, don't be discouraged with small $10-$100 investments! You're still earlier than the masses and even before most large companies! I've just achieved a huge milestone personally and reached 0.01BTC by stacking satoshis and I'm thrilled! It adds up! Submitted February 20, 2021 at 05:03PM by WakeCrypto https://ift.tt/3uhrXqA
Apple ... Pay my salary in BTC.
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I work for Apple... not in retail but as a corporate employee. I want to be the first Apple employee to have a portion of my salary paid in Bitcoin. Anyone got suggestions as to what a good way to pitch might be? There are 5 mangers between myself and Tim Cook. I need to make enough of a statement that my message gets forwarded up the chain 4 or 5 times, for consideration. I am not aware of any other Apple employees having attempted to make this happen. Any statements that you feel worthy of putting in my pitch or other tactics to persuade are totally welcomed. Thanks and hodl safe! ———————————————— EDIT: I understand I can take my paycheck and buy crypto with it. Thanks for all who pointed that out. This is supposed to be about larger mainstream adoption. Encouraging apple to develop a wallet and employees to allocate a certain % of my base salary to be deposited in btc. I am well aware of coinbase and how I can purchase crypto with fiat currency. Apple always test internally fir...
Bitcoin in a 3rd world country
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Hi guys, I'm really new to Bitcoin. I'm from Honduras and I put up all my savings to buy Bitcoin recently in Feb, 2nd. I really don't know why I did it but I thought it was a good investment because here in my country keeping your money in the bank is useless (like 1% annual interest rate) and is not convenient to keep large amounts of cash due to the high crime rates. So I put up all my savings, even convinced my mom and family to buy and they did it!!. And to my surprise in less than 1 month it went from 37K to 56K USD. This is mind boggling and a life changing experience for me and my family. Maybe I'm dreaming but if it goes up even more I'll be able to buy a house or start some business here. I really see now that BTC is the future, sadly not every one I talk about BTC understands or trusts it. Thank you for this awesome community. Submitted February 20, 2021 at 12:56PM by APRF2016 https://ift.tt/2ORnVop
Remember that first $1200 stimulus check? Well if you purchased bitcoin with it. You would now have nearly $10,000.
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Tesla has made more money from its Bitcoin investment in one month than it made selling cars for the whole of 2020
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Guys I'm so happy I recovered my pizzas finally!!!!
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I sold 35 bitcoin for 3 pizzas back in 2011 and totally forgotten all about the pizza until a few days ago when a buddy of mine asked if I ever ate them. I couldn't really remember being so long ago, but I immediately went to my fridge. I looked for about 3 hours in there and finally found what might be 3 pizzas, I couldn't really tell but I also found a google doc on how to recover my pizzas. I tried all night but couldn't remember my password, but then I called a pizza recovery service near me, and the guy was totally cool and used brute force password tech to recover my pizzas, I had to give him half of my pizzas but man was it worth it, I'm living large now with 1.5 pizzas . I think I will just hodl them for awhile till I can talk to my tax guy as see what's up. Just wanted to share this story about my pizzas. Its a happy day for me guys. you all take care. ps.. they are all cheese and peperoni if anyone cares. Submitted February 19, 2021 at 07:38PM by ...
OKCoin Delists BCH, BSV to Avoid ‘Misleading’ New Clients
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Was debating for while when would be the perfect time to invest my 13k but fuck it I went balls deep right now. 13k into btc my first purchase.
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At ~$53,500 - bitcoin will have a market cap of $1tn ($1,000,000,000,000)
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I'm a Hodler from 2011 and have some words for newbies
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I have literally been holding these coins for 10 years 10 fvvvking years. Do you know the emotional toll it puts on a person to hold through three bear markets!? DO YOU UNDERSTAND THE COST??????? For new bitcoiners & pre-coiners: Don't feel bad for not understanding bitcoin immediately, it takes a long time. You're not late. Everyone including myself felt late. It is still e-a-r-l-y. HINDSIGHT IS 20/20. The best time to plant a tree was 20 years ago. The second best time is now. Seize the day and it's time to go all in. This asset is now de-risked and a 10000000 times better buy now than back in 2011 from a risk adjusted perspective. I've watched this god damn internet project grow from literally being mocked 24/7 including by holders and now it's being adopted as a treasury reserve asset by Publicly listed companies. It has already won. The risk is gone. Buy bitcoin now and front-run every public and privately listed corporation, and every nation states ...
This might not seem like a big deal to some, but my Coinbase wallet is finally empty. My Satoshis are officially mine!
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Bitcoin ETF will change everything
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My boomer parents just bought close to a full bitcoin through the new canadian bitcoin etf that started trading today. They would never have bought any if it wasn't for the etf. What a great way for everyday investors to buy bitcoin and not have to worry about exchange fees, wallets, keys, custody, etc. Not only for retail investors but also companies, pension funds etc. The fact that people can now hold it long term in tax saving accounts and retirement plans is amazing and will truly change everything. In fact, any new buys will probably be through the etf personally. I know a lot of people here lean to the libertarian side (myself included) and will state, "not your keys, not your coins", but honestly, 99% of people are going to buy to hedge against inflation and invest in this new finance instrument and aren't trying to screw central banks. Just my 2 sats, once a bitcoin etf opens in the US, you will want to make sure you bought some before that happens. S...
One of the best explainers of YouTube on how Bitcoin ACTUALLY works (no analogies, the real thing)
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I sold 10,000 World Of Warcraft gold for 5 bitcoin in 2012
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I logged into wow for the first time in years on Monday. The first message was from my old guild master. He welcomed me back, gave me some help getting up to speed, ect. Then he says man if you saved those bitcoins I traded you for gold the would be worth thousands. I had forgotten that I had done this deal. I immediately started looking for my wallet. And I found it. Along with a Google doc with the login info. And there they were! So, I call my tax guy he says he can help me with that end. I was able to sell them fast. And now i am looking for a house as soon as the funds are in my bank account. Also nothing is stored on any cloud anymore. Submitted February 19, 2021 at 04:43AM by salajomo https://ift.tt/2Nzkzpv
Long-time gold bull Jeffrey Gundlach has changed his mind and now says Bitcoin is a better trade
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How Bitcoin saved my life.
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I posted this on another subreddit, and its gotten a lot of response. Just thought I'd share it here so newcomers can see how I used DCA strategy to invest in Bitcoin monthly over the last 8 years. I'm a taxi driver in a European city and in December 2012 I picked up an American customer who wanted to go to the airport. The traffic was chaotic and what would usually be a 30 min journey, took approx 90 min. He was cool with it though, as he had plenty of time for his flight. We had a really good chat, he told me about BTC and how even if I didn't want to put money into it, it was important to know what it was. Needless to say, I was intrigued, and a bit confused. Over the next ten days or so, I read as much online as I could and decided there and then that I would quit my 15 cigarettes a day habit and put the money I would have spent otherwise into BTC. I made my first purchase of BTC on Jan 1st, 2013. Every month for the last 8 years, I have bought €250 of BTC. I ...
German Public TV Says Investing In Bitcoin Dangerous And Difficult: "You must own at least 51000 EUR to invest in Bitcoin" (facepalm) - fast forward to 0:55 min
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⚡Lightning Thursday!, February 18th 2021: Explore the Lightning Network!⚡
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🚧 🚧 This is our second attempt at this sticky, so we'll see how it goes 🚧 🚧 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: Here is an awesome list of resources compiled by Jameson Lopp: https://www.lopp.net/lightning-information.html Want to test out your lightning fire power? tip the Bitcoin devs! https://bitcoindevlist.com/ Last weeks thread: https://www.reddit.com/r/Bitcoin/comments/lhl18h/lightning_thursday_february_11th_2021_explore_the/ Lnbook getting closer towards being finished and can already be seen at: https://github.com/lnbook/lnbook Lightning Dedicated YouTube Channel: https:...
Bitcoin stopped my bad habits.
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My urge to buy bitcoin is so great that I have completely taken away junk food snacks and soda. I haven't ate fast food since January. Screw DCA. I buy whenever I have money till I'm broke. Edit: this saves me more than 40 a week. Yes. I spent 40 a week on junk food and did not realize it until I started to hodl. Submitted February 18, 2021 at 05:07PM by AngryPazuta https://ift.tt/2NABlVe
Bitcoin can't be banned. Ever. Despite the ban imposed by its Central Bank, Bitcoin Price now stands at $80,000 in Nigeria.
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If The Montley Fool had done their $5M Bitcoin investment at the time of publishing this article it would now be worth $2.5B
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Hodler since 2013 here and I still feel like an idiot for not buying more at 100$/1000$/5000$/10000$/20000$
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When people tell me about how smart I was to invest early, I don't feel smart at all. Should've bought much more because I knew Bitcoin is one hell of a code. Will I feel the same in a few years when Btc touches 1 million? Submitted February 18, 2021 at 03:13PM by DeathThrasher https://ift.tt/2ZuitKq
Motley Fool is now formally recommending bitcoin and will be backing it with a 5 million dollar investment in the weeks to come.
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They just released a video to members stating that they will be investing into Bitcoin as a hedge against long term inflation and that they see it hitting 150k per coin and beyond. This is the first time one of their paid services has recommended any kind of crypto currency. Submitted February 17, 2021 at 11:52PM by hibbert0604 https://ift.tt/3dqdBho
To those asking if you should buy now...
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If you’re asking if you should buy now you’re not going to buy anyway. When price goes up you’ll say you should have bought the last time you asked and will ask again if you should buy now. You won’t. When it dips you’ll be too scared to buy because you’ll think it will dip more and you won’t buy. When it comes raging back to all time highs you will repeat this cycle. To the rest of you. Cheers! Submitted February 18, 2021 at 07:10AM by steebulee https://ift.tt/3bg6OnR
6 years ago I gave $1 tip (in bitcoin) to more than 1000 reddit users
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My username says it all really, from november 2014 to january 2015 I manually sent $1 worth of Bitcoin to more than 1000 random reddit users (using /r/changetip bot, sadly no longer operational). Back then a Bitcoin cost about $300 so I guess I should now change my username to Random170DollarTip ... Spent about 2 Bitcoin on this little operation, don't regret a thing! Original post from 6 years ago: https://www.reddit.com/r/Bitcoin/comments/2s9le1/i_have_tipped_1_each_to_1000_people_on_reddit/ EDIT: Added a few comments I got after tipping people. "Thank you for introducing me to BitCoin." "do people even care about cryptocurrency anymore?" "And why??" "Cool, thanks! What is it?" "Keep your fucking spam in /r/shitcoin , a**hole." "That's cool! thanks!" "Man, the bitcoin guys are getting desperate." "thanks!" Submitted February 18, 2021 at 12:23PM by Random1DollarTip https://ift.tt/...
Just sold 1btc for house deposit
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Been investing since 2015 , diamond hands even when it hit 3.8k last year , finally selling 1btc to put it down for house deposit , feel guilty about it but I ll slowly start buying btc till it moons, thanks reddit crypto community , you been an inspiration for my first crypto buy since 2015 x Submitted February 18, 2021 at 09:25AM by mrcruz29 https://ift.tt/3avkKep
I work in finance and everyone was going on about this chart today - thoughts? Some managers suggested bullish for Bitcoin = bearish for Gold, meaning Bitcoin is trully digital gold.
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This aged well: Woman divorces husband for reading r/Bitcoin (aka cult of clueless idiots) and HODLing too much BTC... in 2014. Get ready to laugh.. extremely entertaining read.
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I remember reading an old r/relationships post about a woman who was furious at her husband for his "cult like" belief in bitcoin and mocked him for thinking he was "in at the ground floor". She goes off on a diatribe and mocks him every chance he gets for his "foolish" beliefs and how he spends his money on buying and holding bitcoin... she consider any bitcoin that he holds to be "lost money". I actually saved this when I read it back years ago to see one day how it would age... man talk about the worlds biggest I told you so. She had zero faith and respect in her husband. I hope he has a garage full of lambos in his giant mansion. Here are some of the highlights snipped for your own entertainment: ------- "My husband (I'll call him John for the sake of anonymity) and I have been married for a little over 5 years now and everything has been going well up until a year or so ago. We were planning on having children and everythin...
Remember when we used to celebrate every $1k change in price? lol
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MicroStrategy is now raising $900m instead of $600m - paying ZERO interest! Investors are begging him to take their money!
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You’re too late.
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Im here to tell you something very important, Im talking to you Mr. New Investor who has a serious case of FOMO and a $100 bill burning a hole in his pocket... YOU’RE TOO LATE Yep you heard me right, you’re late to the party. The other 99% of companies in the S&P 500 with no Bitcoin on their balance sheet also agree with me, you’re too late to the party. Those of us not too late are watching our holdings grow from $30k to $50k and we’re gonna watch it go from $50k to $100k and $100k to $1M... but YOU?? you’re way too late. Go home nothing to see here, party’s over. You’re too late, maybe when its $1M you will arrive early next time. Submitted February 18, 2021 at 02:15AM by Vyruz2 https://ift.tt/2OOl5kb
British private jet firm says 19% of its tickets are bought via Bitcoin
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Thank you Bitcoin, I finished saving for my daughter's college tuition and she is 1.5 years old
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I'm a long term hodler and in January 2020 I started a non-tax exempt brokerage account in my daughter's name to start saving for college. I did this as opposed to a 529 so I could buy GBTC since I thought it would more than offset the tax benefit. In less than 14 months I was able to save enough to pay for 4 years of tuition at a private university because of the dramatic rise in Bitcoin's price. My assumption is that I will get a 9% average return from now until she goes to college and that the cost of tuition will rise at 3%. I obviously still need to deal with paying taxes and want to build a buffer, but it is a nice milestone to hit. Submitted February 17, 2021 at 07:31PM by nonamesleft314159 https://ift.tt/2Zp7QZ5
Bitcoin Breaks $51K, German Analyst Says ‘Looks As if Bitcoin Is Eating Gold’
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Me telling my dad to invest in bitcoin in December 2017 😭
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I remember very well how it all went. December 2017, bitcoin prices skyrocketing, me being a minor and having no money to invest, my dad clueless as a bird. 1 Bitcoin was about $15.000 back then, so i tell my dad all about Bitcoins and that the price is going up so rapidly and how it’s definitly a “safe” investment. I get him all excited and sure enough, he makes an account, we buy some bitcoin and we wait patiently while watching the price keep going up.🚀 A week goes by, all seems good. Another week goes by and the price just starts tankin’📉😭 So here i am, telling my dad not to worry and explaining that we’ll just have to hold. (Or even buy more while it’s low.) But why would he believe me when 2 weeks after i tell him to invest everything just crashes. BUT, now February 2021, my dad is still a proud and happy bitcoin holder. And i finally get to say “I told you so”. Moral of the story: HODL 🙌💎📈🚀🚀🚀 Submitted February 17, 2021 at 05:26PM by SankaStones https://ift.tt/...
Ladies and Gents, the next check will happen at 60k, and remember to only carry bitcoins on this travel, for your own safety.
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Me with no IQ in stock trading putting my money on Bitcoin:
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Found This Photo I Took July 10th 2013 - BTC $88.592 USD
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THIS.IS.HUGE. the UAE government starts accepting bitcoin for its trade licensing services.
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Tesla May Have Already Made More In Profits From Bitcoin Than Electric Vehicles
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Recently quit my job due in part to BTC
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Just gave in my two week notice. Not going to say the amount, but my btc holdings have grown substantially this past year, enough for me to have the courage to leave a job that made me very unhappy. I was wondering if others here have done the same. What have you all done since then? I’ve told myself I will not work directly for someone else again. Only entrepreneurial work from here on out! 😁 Submitted February 17, 2021 at 06:58AM by RedSquirrelGirl https://ift.tt/2OJYvZY
So guys we did it (again) 50 000 United States Dollars...
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Bitcoin is now worth $1,000,000 Mexican Pesos!
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You are a millionaire in Mexico if you own 1 BTC! Huge day!! Especially now that I write this on the last of my phone's battery while more than 5 million people in Northern Mexico endure a blackout that has lasted more than 24 hours. The idiots in power haven't been able to do anything about it. Fortunately cellphone networks are still privatized, so they're not totally stupid and I still have internet. Source: https://mexiconewsdaily.com/news/natural-gas-shortage-triggers-major-power-outage/ Our government can't fuck with us anymore. No longer can they print money with no consequence for them while ruining our economy. No longer can they write destructive authoritarian laws without the people saying You Have No Power Here . 60% of my next paycheck will be going straight to Bitcoin. Stay classy ladies and gentlemen. Submitted February 16, 2021 at 06:55PM by bautron https://ift.tt/3b7Mi92
Everyone is excited about crossing the $50k mark, but at $54k Bitcoin will officially have a market capitalization of $1 trillion.
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At the time of writing this post Bitcoin is hovering around $49,300 with an available supply of 18,630,325, giving it a market cap of $919 billion. Once Bitcoin hits $53,677 (only about a 9% increase from here) Bitcoin will officially reach a market cap of 1T. Obligatory 🚀🚀🚀 Submitted February 16, 2021 at 08:14PM by RickbutnotMorty https://ift.tt/3poKAFd
MicroStrategy Announces Proposed Private Offering of $600 Million of Convertible Senior Notes to purchase additional bitcoin
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1 Bitcoin = $50,000!! This is what 1 BTC looks like in hundreds. Insane.
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Lessons I have learned in the last 8 years.
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Back in 2013, I saw a once in a lifetime opportunity in Bitcoin. So I wired $3000 to Mt Gox, bought at $125 at the peak of the bull market (like a sucker!). I day traded and learned exactly why you shouldn’t day trade before withdrawing what remained 1 month before Mt Gox collapsed. Then I decided to HODL, because I knew I was so far ahead of the adoption curve. Then I suffered my first bear market. I had bought at the peak and my $3000 was now worth a fraction of that, but thankfully for me I had only invested an amount that I was prepared to lose. That’s lesson #1 in investing. Later that year, the price exploded to $1000, I had suddenly made multiples of what I initially invested. But lucky for me I had a stable job and didn’t feel the need to cash out anything. I was in it for the long term and still saw an extremely asymmetric upside. I didn’t want to sell until it could make a meaningful impact on my life. The HODL mentality started to make sense. Then we went through a long...
JPMorgan chief says "we will have to be involved" with Bitcoin
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Please turn off your rigs if you live in Texas, Oregon or any state hit with power outages due to snow storms.
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I am asking all my mining brothers and sisters to shutdown their rigs if you live in a state with power outages due to snow storm. We will be able to mine another day. Save the power for those who need it and will freeze to death. Thanks for listening. Power Outages USA Submitted February 15, 2021 at 09:49PM by b0mbSquad_1 https://ift.tt/3u0vjOi
Deutsche Bank is getting in on BTC
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https://mobil.onvista.de/news/bitcoin-korrektur-nach-neuem-rekordhoch-kurz-vor-50-000-dollar-adaption-schreitet-weiter-voran-deutsche-bank-will-als-dienstleister-in-den-sektor-einsteigen-434634871 ... it says that the deutsche Bank wants to provide a platform for crypto for institutional customers. Was just released on my German finance news site. Submitted February 15, 2021 at 09:22PM by Kazuhira1993 https://ift.tt/37juuXn
2025 will be the year of $1M BTC
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2017 was when retail users adopted Bitcoin. Institutions are governments were against it. Bitcoin moved from $1K to $20K 2020/21 is when institutions are adopting Bitcoin. If 10% of cash held by Fortune 500 gets converted to BTC, it's price will be $300K. And in the next cycle, in 2024/25, governments will realize the importance of Bitcoin. Central bank reserves will have bitcoins in it. This is when we will hit $1M. Submitted February 15, 2021 at 03:48PM by Hasidickitchens https://ift.tt/2N14JnQ
London told to slash red tape and embrace Bitcoin as City moves on from EU post-Brexit
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https://www.express.co.uk/finance/city/1397936/london-news-embrace-bitcoin-city-advantage-eu-brexit-amsterdam-finance-uk-spt Yes, the Express is a shitrag, but it's interesting to see the mainstream Boomer tabloids getting on board. Submitted February 15, 2021 at 04:15PM by cranberryastronaut https://ift.tt/3qosggT
Americans Who Bought Bitcoin (BTC) With First Stimulus Check Are Up 639%
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Turning Weed (my addiction) into Bitcoin
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Im a 19yr old and after many years of being a stoner I’ve always thought back on how much money I’ve wasted on something ill never get back. Some might say you can’t put a price on memories but the truth is for me that I don’t remember 80% of the shit I’ve done while high. At the beginning of this pandemic I was a little happy I now had an excuse to just stay at home and smoke my weed but I quickly started to see things differently. I was now wasting away my days and gaining absolutely nothing. So around New Years I decided I wanted to take a break and just breath and see if I could do more or even be just as happy without weed. After just a few weeks I understood that all it did was make my mind foggy and take away my time. Recently I became very intrigued by crypto currencies and it boggled my mind how bulletproof Bitcoin seemed to me. I do believe it can be a major asset in the future and if not Bitcoin it self it’ll at least pave the way for the others. So I’ve decided I will n...
What Will Happen to Bitcoin After All 21 Million are Mined?
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Today, 8 years ago, Reddit began accepting Bitcoin as payment 🎉🎉
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Found 0.04 bitcoin on an old hard drive dating back to 2012!!!
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https://preview.redd.it/mrkd7s8b7kh61.png?width=1185&format=png&auto=webp&s=fd2f360e216e41ff9d4c9d7d64ba32845c76e9ea Looking as bitcoin crossed the $50k mark earlier today I was increasingly motivated to find my old stash of bitcoins back from 2012 when few people had even heard this was a thing. I recall it was the time where Mt Gox was the only real exchange around and we crowded on IRC channels as well as bitcointalk.org. In 2012 I cashed out 120 bitcoins for a grand total of 1.6k usd - which will remain the worst 'investment' ever for the remainder of my life time. On another note, today I was scanning all my old wallet backups and found 0.04 bitcoin, worth about 2k USD!!! Submitted February 15, 2021 at 08:20AM by Cautious_Love9797 https://ift.tt/2LRsaiN
I have some wealthy friends that are starting to worry about having no bitcoin.
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I told them about it years ago and they ignored it. This morning they asked me where I thought the quickest place they can buy from is and they were telling me how there would only ever be 21 million. I think the rich are starting to fomo. Submitted February 15, 2021 at 04:43AM by tzq555 https://ift.tt/3rXM2jp
Mexico's richest man updates his Twitter bio to include Bitcoin
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The third wealthiest man in Mexico, Ricardo Salinas Pliego, has updated his Twitter biography to include Bitcoin. This move has picked up a trend among high ranking investors in the cryptocurrency, including BTC whales such as Michael Saylor and Anthony Scaramucci." Who do you think will be following in their footsteps? Will these steps promote mass adoption? Your thought?! Submitted February 14, 2021 at 09:36PM by Jenny6688 https://ift.tt/3dczPTT
Price expectations on ARK research
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So, first of all, do your own research (DYOR) and don't take this as financial advise in any way daradaradara... Yesterday I came across this report from ARK (thanks u/lavazzalove for the link), I'm invested in mutual funds with like 30% exposure to ARK ETF's so I receive the reports on my mail but haven't read it untill now. Spoiler: It's stupidly bullish. Page 37 to 50 talk about Bitcoin economic studies they did. Long story short, they say an "optimum" point for hedge fund is an exposure betwen 2.55% (minimizing volatility) to 6.55% (maximizing sharpe ratio) on Bitcoin, the risk reward ratio of it is ridicolous. Also they hipotesise on 2 possible outcoms in terms of adoption by institucions: Corporations on the S&P500: A : Every corpoation there put a 1% allocation of their cash reserve in Bitcoin B : Every corporation there put a 10% allocation of their cash reserve in Bitcoin Institucional Investors (High Net Worth Individuals, ...
The first $1200 stimulus check is now worth nearly $9000
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I made a painting: Institutional FOMO for magic internet money
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a rant
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I am in my mid 30s and have been lucky enough to see three major cycles-housing, tech, and crypto. Disclaimer-not investing advice, yada yada yada I will tell you one thing-the people I know with real money are buying bitcoin. The people will kind of real money-well, they are buying bitcoin, and trying to buy more. And the people without money but with good income-well, a lot of them are waiting to buy bitcoin. And, they will blame everyone but themselves when bitcoin goes to $200k, or they will not dollar cost average, yolo in at 55k, see a 2k drop, panic sell, etc. For the younger generation that had the guts to buy this when it crapped the bed-good for you. I wish lambos, mansions, and wealth upon you and your families. The real challenge is most people with a higher than average income think they are smart, that they can time markets, etc. It is the most ridiculous thing-but I am starting to realize it's very common. Bitcoin reminds me of housing in 2014-2015-at this poin...