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Showing posts from June, 2021

Just tried the lightning network for the first time and my eyes are OPENED

Funded my lightning wallet with $10 and sent 1000 satoshis to a friend for the cost of 1 satoshi using Breez. Wallet setup was all automatic and so easy to use. I recall seeing a top voted comment critisizing LN over a year ago which I now see was complete BS. The comment I read was saying that LN can never catch on because in order to onboard you must perform an on-chain transaction and since bitcoin can only support around 7 transactions per second it would thus take decades to on-board the world population. Now that I've used LN I see that comment is full of shit. Yes, I myself had to perform an on-chain transaction, but my friend that I sent sats to never had to do such a thing. This means that one entity can potentially onboard MILLIONS of users with a SINGLE on-chain transaction. I think of the el salvador government and I assume they are doing exactly this. They will be sending every adult $30 worth of bitcoin. That's over 130 million dollars worth of bitcoin. They c

Big news for BTC

Germany will allow 4,000 investment funds - managing $1.8 Trillion - to invest up to 20% in #Bitcoin  starting tomorrow, July 1st! 🚀 https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/ Submitted June 30, 2021 at 08:55PM by jamsmash2020 https://ift.tt/3ju297n

Long term opinion : Bitcoin will reduce mass consumerism globally because of its deflationary effect, and therefore will help reduce climate change rate. What do you guys think?

My thinking is that Bitcoin is a secured bank account available for anyone in the world. Not only it embraces third countries to preserve their wealth, but the finite supply makes value go up over time incentiving people to hold long term. In that regard, why would anyone sell something that will appreciate over time for things that will lose value like better cars, better phones or fancy clothes? I mean, if we don’t really need them, we will consume less and our planet will benefit from this. If Bitcoin goes up in value on the long term as scheduled by its mathematic algorythm, it could be a way to get out of this endless growth capitalism non-sense that is polluting earth and making people more selfish. Happy to see your thoughts on this :) Submitted June 30, 2021 at 10:34PM by arnaudmrtn https://ift.tt/3jyTMYj

Today, Bitcoin is just 6% of Gold and 43% of Silver...it is hard to put into words how early we are.

https://ift.tt/3jbipIe Submitted June 30, 2021 at 11:16PM by TeenaCrossno https://ift.tt/3y8gNFB

Germany to open floodgates to Bitcoin investing. 1.8 Trillion dollar German spezialfonds eye Bitcoin starting 1st July

https://ift.tt/3y3MCPH Submitted June 30, 2021 at 08:02PM by PSSD1989 https://ift.tt/3y8ae5R

Was in the WSJ this morning…

https://ift.tt/3y95ih3 Submitted June 30, 2021 at 08:40PM by Accomplished_Ad2466 https://ift.tt/3AgMPkI

I made this 3d animation of Satoshi creating Bitcoin's Genesis Block

https://ift.tt/3AgRqU0 Submitted June 30, 2021 at 10:25PM by Enchanted_Future https://ift.tt/3hmxjLp

PSA: We are all El Salvador

PSA: Hey, you know how El Salvador had dollars, but when the Fed printed more, they didn't get any? (obviously). We are all El Salvador. The Fed printed money and covered the balance sheets of their own member banks against "insolvency". The rest of us, we will face higher prices later. Because we're not a hedge fund like Blackstone, Blackrock, we don't get to use the free money to buy houses. Unless you are standing close to the money spigot, their money printing is completely screwing you. Solution is to buy a hard asset like bitcoin with the fiat you've got. And/or rebalance to whatever risk/reward you think is best (I don't know your situation). Submitted June 30, 2021 at 04:24AM by walloon5 https://ift.tt/3qx3nAs

Bitcoin's hashrate falls 50% from its peak in May 2021. Seriously and free of sarcasm: Thank you, China. You did us a big favor with your miner ban. Forever grateful, Hodlers.

https://ift.tt/3jwcWhE Submitted June 30, 2021 at 09:06PM by Rainmakerman https://ift.tt/3xloUPj

Tom Brady Sends Bitcoin to the moon in video on Twitter

https://twitter.com/tombrady/status/1409948751934984195?s=21 Submitted June 30, 2021 at 01:46AM by yolodogewtf https://ift.tt/3xjlKLX

So I had an argument with my dad about Crypto

Once in a while I think by myself "lets give my mom and dad a visit", since I am obviously the most favorite son of 3. So I went there to watch some football and it was all nice and fun. All of a sudden, during the commercial brake, my dad asked: "Son, do you have money invested in Bitcoin?". I replied "of course I did.", knowing that he (as an old fashioned-, retired-, stock guy who likes to argue) was starting an argument about it. He started ranting on how it is just one big scam and "all those other bitcoins" (meaning altcoins red.) are even more so. And they have no real value or use, now or in the future. So I asked why he was thinking that, giving the fact that his statement was so absolute. The poor man based his assumption on just one (!) article in the financial times, "and other articles" but he couldn't clarify which ones. He also stated that he never seen any blockchain is use in practice. So I started to explain what

Google has lifted its ban on crypto advertisements.

Google recently updated their policies regarding Google Ads and will now allow ads related to cryptocurrency exchanges and wallets provided they have registered with FinCEN. This change is set to take effect in August 2021. As you may recall, the ban was imposed in March 2018 and lasted almost three years. This easing of crypto advertising restrictions is a positive sign. Google appears to be warming up to bitcoin and cryptocurrency in general as many governments, financial institutions and private companies are increasingly liberalizing their crypto policies these days. What do you think? Submitted June 30, 2021 at 03:30PM by reqgul889 https://ift.tt/3h4GrW4

28 Million US Customers will now be able to buy Bitcoin via their banks

https://www.forbes.com/sites/michaeldelcastillo/2021/06/30/6-billion-ncr-opens-bitcoin-purchases-to-650-banks-and-credit-unions/?sh=6dd177913f82&utm_source=TWITTER&utm_medium=social&utm_content=5072876997&utm_campaign=sprinklrForbesCrypto ​ EDIT: It's not just NCR. FIS, Fiserv, Alkami, Q2. 100's of millions of bank customers globally will have access to this network. https://twitter.com/fintechfrank/status/1410201999925301249/photo/1 Submitted June 30, 2021 at 04:17PM by PSSD1989 https://ift.tt/3wa9pIi

Show Reddit: A fun way to check Bitcoin's price.

BitcoinTemp is a fun way to check the price of bitcoin, with the price dictating storms, sunny days, and more! - Josh Ternyak, 16 year old web developer Submitted June 30, 2021 at 03:11AM by joshternyak https://ift.tt/3613RFv

U.S. senator encourages people to buy Bitcoin for retirement

https://ift.tt/3dpDMUC Submitted June 30, 2021 at 12:46AM by polloponzi https://ift.tt/3dKyTpB

El Salvador to install bitcoin-friendly ATMs

https://ift.tt/3x531U6 Submitted June 29, 2021 at 05:23PM by AmerBekic https://ift.tt/3w7HuZw

Willy Woo: Congrats to the Fed 🙌. New high score!!! If you’re not getting 22% ROI on your investments in 2021, you’re going backwards. -Black: M2 monetary inflation- Red: CPI inflation

https://twitter.com/woonomic/status/1409814211757166593?s=09 Submitted June 29, 2021 at 04:52PM by simplelifestyle https://ift.tt/3x4AwWL

I am pissed.

I am pissed because I have a strong opinion on favor of Bitcoin. And... I'm really not a person of strong opinions. I dislike having strong opinions. I had learned earlier in life that if you have a strong opinion on something, you are already losing. There must be something you did not understand yet. Yet, I am pissed, because I want to find good and convincing contrarian views on Bitcoin. I have the feeling that all of the economists writing against Bitcoin are weak and mostly doing it just out of the blue: none really give signs of understanding the protocol. Arguments such "naturally formed ponzi", "tulip mania v2.0", "deflationary=bad", "infinite value? = scam" and other analogies tend to be incomplete and always lack data or evidence. It just does not make the cut for me that you are a Nobel Prize if your text does not show that you invested the minimum time to understand the protocol. Krugman, Roubini, the dude of r/CryptoReality ,

Never sell your Bitcoin?

Hello everyone, I just wanted to see what the overall consensus was on selling Bitcoin. The well-known Bitcoin advocate Mr. Michael Saylor has already stated that you should never sell your Bitcoin and that you should hold onto it for life. He argues that when you sell you're Bitcoin you're taxed, but if you hold onto it you can borrow against the Bitcoin (tax-free) at a decent interest rate. Platforms such as Block Fi offer this type of service. What do you guys think about this? If I double my investment during this next bull run it would be tempting not to sell a little bit for liquidity purposes. I do love Bitcoin and the direction it's going so I plan on investing in this for the long term regardless of short-term price fluctuations. Thanks Submitted June 30, 2021 at 05:22AM by eaglesfan8835 https://ift.tt/3jrPfqt

Why I refuse to sell: the tomato plant parable 🍅

Bitcoin is my only tomato plant. In fact this tomato plant is the only thing I have to eat right now. It is still young, and I am extremely hungry. I don't know what I'm going to eat next month. I don't know if I'll even have the energy to make the trip home to see my family. My plant has a few small tomatoes on it, barely edible. They would maybe get me through a couple weeks or a month, but I know I'd be better off waiting until they've reached maturity before eating them. If I can wait that long, their sustenance will keep me going for much longer. My plant has a few small leaves on it, should I eat them to tide me over? Skim a little off the top? No. That would hinder my plant's ability to fully ripen, and the nourishment I'd get from its leaves isn't anywhere near that of a fully grown tomato plant. So I will be patient and wait until my plant has fat, red tomatoes before harvesting. And even then I'll save some of its seeds to plant ea

WTF, we need younger and smarter politicians: "Government must have power to reverse crypto transactions", says co-chair of blockchain caucus.

https://ift.tt/3dp1Gzt Submitted June 30, 2021 at 07:27AM by simplelifestyle https://ift.tt/3h5Uc6V

Bitcoin is up 867% since Jan 1, 2019, surviving 13 "bear" market dips during that time.

Since January 1st, 2019, Bitcoin has lost 20% of its value 13 times whereas the S&P 500 index has only lost 20% of its value once. Yet many continue to apply the stock definition of a "Bear Market" to Bitcoin when they both trade very differently. Many continue to use analytics designed for the stock market for Bitcoin and they just don't work well. Click to read more Submitted June 30, 2021 at 02:05AM by QuantifyCrypto https://ift.tt/3ds9BMC

Nayib Bukele makes some clarifications about Bitcoin adoption in El Salvador

You can read the thread here (in spanish): https://twitter.com/nayibbukele/status/1409584377915269120 I'll try to summarise it below: - The government bitcoin wallet (Chivo wallet) is a thing but any wallet will obviously work. - When using Chivo, they'll require some KYC data to protect the bitcoins of the user - Everything will be free of charge (paying, receiving and converting BTC to USD or USD to BTC). - They'll give 30$ in BTC to all users but those BTC will have to be spent and couldn't be converted to USD as it's not about giving money to their population but about giving an incentive to use BTC. - There will be 200 PoS in the country to deposit/withdraw USD on the app. ​ For now at least they're taking good decisions (this could have been a shitshow), let's hope they continue in this direction :) Submitted June 29, 2021 at 01:16PM by __short_your_euros__ https://ift.tt/2TfasJy

Anti Fiat Social Clu₿

https://ift.tt/3duhUYp Submitted June 30, 2021 at 12:43AM by FromTheGarage https://ift.tt/3ykDg2v

+20% of people in El Salvador say they will use #Bitcoin and USD. +20% adoption in the whole country…soon the world! 🙌

https://ift.tt/3qySNJa Submitted June 29, 2021 at 09:14PM by hamoti https://ift.tt/2SFU1pC

Morgan Stanley Buys Over 28,000 Shares of Grayscale Bitcoin Trust

https://ift.tt/3hfSgYj Submitted June 29, 2021 at 06:00PM by Major_Bandicoot_3239 https://ift.tt/3Acy2aL

Coinbase Has Secured The First Crypto License In Germany

https://ift.tt/3dpDfSH Submitted June 29, 2021 at 02:01PM by bletchleymcgregor https://ift.tt/3dopdkn

El Salvador and Twitter will onboard millions to Bitcoin's Lightning Network. Few understand this.

https://ift.tt/3xZO8m7 Submitted June 29, 2021 at 06:23AM by undertheradar48 https://ift.tt/3y4NgMU

Is this a reasonable 20 year plan?

https://ift.tt/3AkwonB Submitted June 29, 2021 at 07:44PM by GR8FUL-D https://ift.tt/3hd11Cu

PSA Warning: Dear noobs, please remember, the sub /r/btc, bitcoin[dot]com (and their wallet), and blockchain[dot]info are malicious and are trying to trick newcomers into buying a fake BTC!

Although this has been repeated a million times before, I think it's still appropriate to warn new users in this space. I've seen a couple of noobs stumble upon the abovementioned sub / websites, thinking that these resources represent BTC. Indeed, they are trying very hard to conceil the fact that they are a miniscule and unimportant part of the space trying to gain significance. However, they failed doing so over the course of the last 3-4 years. In short, they are trying to push a fake Bitcoin clone called B.CH (I'm writing the dot because auto-mod doesn't like talk about alt-coins). If you don't know about the history of how these sites came about, google "the fork war" during 2017. You'll see that a faction of people split up from Bitcoin (thank god) to roll out their own shitcoin. However, at this point, they are basically a bunch of bitter propagandists, defining their community as being "against" BTC, and trying to trick noobs into

El Salvador offers $30 of bitcoin to citizens to boost Its use

https://ift.tt/3AdLUSa Submitted June 29, 2021 at 03:16PM by team_NITL https://ift.tt/2Uf3sgc

Hut 8 Adds Over 500 Bitcoin to Balance Sheet in 3 Months

https://ift.tt/3A0eXIy Submitted June 29, 2021 at 05:40AM by utchnnuul https://ift.tt/3jrO5LI

Korea news announcing that CU (a major convenience store) is to accept payments in Bitcoin

https://ift.tt/2UHkVhf Submitted June 29, 2021 at 11:29AM by j4kz https://ift.tt/2T81ONb

One of the largest owners of bitcoin, who reportedly held as much as $1 billion, is dead at 41

https://ift.tt/3x4AsWL Submitted June 29, 2021 at 04:14AM by TradingAllIn https://ift.tt/2U9MSOy

Just got hacked on Coinbase!!

Hey everyone, I have been with Coinbase since 2016/17 and today my account was hacked and emptied of its entirety. My son mentioned I should come on this forum to see if anyone has a way to get Coinbase to respond to me. It's my life savings for my wife and I and for our kids...I am just getting auto responses from Coinbase and not sure where to go from here for justice. Prayers needed. Paul Z PS - If anyone has a connection to support at Coinbase, any direction in that area would be much appreciated! Submitted June 29, 2021 at 12:55AM by GuiltyStreet2631 https://ift.tt/3w3xbpl

5 documentaries show how bankers are shameless parasites and why they are shit scared of Bitcoin.

Inside Job https://youtu.be/T2IaJwkqgPk 97% Owned https://www.youtube.com/watch?v=j7-FmAfxMmQ Spiders Web https://www.youtube.com/watch?v=np_ylvc8Zj8 Princes of Yen https://www.youtube.com/watch?v=p5Ac7ap_MAY Freedom to Fascism https://www.youtube.com/watch?v=uNNeVu8wUak 'Goldman Sachs- The Bank that Rules the World' is another great watch if you can find the original French made AlJazerra version but it's usually not available on youtube because it keeps getting removed... Submitted June 29, 2021 at 05:18AM by solomonsatoshi https://ift.tt/2SzOYqH

The Bottom of the Bitcoin Rabbit Hole | The 10 articles/videos to understand.

https://youtu.be/Z857KRZVFqs Submitted June 29, 2021 at 08:26AM by billy_boi32 https://ift.tt/2Ubd0se

Bitcoiners need to be more tolerant of opposing views, no matter how unpopular they may be.

I consider myself an open-minded person who believes in innovation that will improve the world and make it a better place. I think the poor and underprivileged deserve a chance to improve their lives and I am not opposed to helping them out. However, I am against Bitcoin because it's obviously a scam. Eventhough I don't really know how it works or how to use it, I have the feeling that it will not improve the world or make it a better place. I think I know what it is enough to judge it without needing to learn about it because the name sounds simple. It's a coin on the internet. Eventhough I will never pretend to know how physics, neuroscience or chemistry work, I know how bitcoin works without needing to learn about it. Eventhough I have no experience with decentralized systems, cryptography, peer-to-peer networks, or money itself, I have enough experience with scams and empty promises to know that Bitcoin is a scam. I do think I am smarter than most people. Most peop

I'm A CEO of A Small Agency in Norway and This Is Why Bitcoin Is Our Hedge Against Bad Hires

Hello fellow hodlers. I am guessing this will be a somewhat different post, and quite the long one as well. Hope you find it interesting and a nice addition to your own confirmation bias as to why Bitcoin is and will be lifechanging. Also, thank you for reading. First, a couple of caviats; - I am not a Bitcoin OG. I didn't know about it in 2013. I hated it in 2017. I FOMOed in 2018. I was surprised in 2020. And I love and understand it in 2021. - I am not a financial advisor, and I am speaking on behalf of the company I own which employs just south of 20 people. - We don't have a massive treasury and are inexperienced as a company investing in assets and other instruments - English is not my mother tongue, so bear with me. - Fuck you Elon. In this piece I'll do my best and explain from a small corporate perspective why accumulating Bitcoin became part of the corporate strategy and unanimously accepted by the general assembly. Next, some background to who we are as

Cathie Wood’s ARK Invest files to create a bitcoin ETF

https://ift.tt/3AaIPSu Submitted June 29, 2021 at 01:35AM by jigglytrips https://ift.tt/3dnKpqJ

Three full length documentaries explaining how bankers are shameless parasites and why they are shit scared of Bitcoin.

​ https://www.youtube.com/watch?v=j7-FmAfxMmQ https://www.youtube.com/watch?v=p5Ac7ap_MAY https://www.youtube.com/watch?v=np_ylvc8Zj8 ​ Edit- Plus original classic must see! - Inside Job https://youtu.be/T2IaJwkqgPk Freedom from Fascism https://www.youtube.com/watch?v=uNNeVu8wUak &- Goldman Sachs the Bank that rules the World https://www.youtube.com/watch?v=w0vFAJNrF5Y ​ ​ ​ ​ Submitted June 28, 2021 at 07:39PM by solomonsatoshi https://ift.tt/3x7FeCY

Microstrategy CEO Michael Saylor: The Next Chapter Of "The Mobile Wave" Is Bitcoin

https://ift.tt/3jmYUyM Submitted June 28, 2021 at 06:04PM by HabileJ_6 https://ift.tt/35UFUzL

Great visual on how slow blocks were being mined yesterday. On average it took 1398 seconds, or 23 (!) minutes for blocks to be mined yesterday, compared to the 10 minute target. Truly historic.

https://ift.tt/2SxTRk1 Submitted June 28, 2021 at 09:07PM by Bitcoin_is_plan_A https://ift.tt/3A3Wpaq

India has seen a surge of cryptocurrency use within the last year, as Bitcoin quietly becomes the preferred store of value for many, especially for young people.

https://ift.tt/3qtScZ6 Submitted June 28, 2021 at 03:42PM by fecktk https://ift.tt/3dl9x1b

If Bitcoiners like volcanoes wait till they see how this baby hashes #Bitcoin #Paraguay @carlitosrejala

https://twitter.com/carlitosrejala/status/1408886248127746049 Submitted June 28, 2021 at 06:49AM by simplelifestyle https://ift.tt/3x2Fovh

I would love to express my gratitude to Satoshi Nakamoto for creating a borderless robust financial network that changes many lives!

No text found Submitted June 28, 2021 at 02:30PM by MeIsNotHim https://ift.tt/3x5Iyyr

American University of Paraguay to accept tuition payments in bitcoin

The American University of Paraguay shared on Twitter that it will accept tuition payments in bitcoin, as well as other cryptocurrencies, beginning on August 1, 2021. "From August 1, you will be able to pay all your tuition and fees with cryptocurrency," a translated version of the tweet read. "We take an important step towards innovation." The university is one of Paraguay's most prestigious educational centers and has been in operation for over 30 years. But it is still unclear how the university plans to accept or hold the BTC it receives as tuition payment on a technical level, but it has not indicated any plans to liquidate the bitcoin upon receipt. https://bitcoinmagazine.com/business/paraguay-university-will-accept-bitcoin Submitted June 28, 2021 at 02:23PM by BitcoinWide https://ift.tt/3w61RWV

The First Bank In Mexico Is About to Start Accepting Bitcoin

Ricardo Salinas Pliego, the third richest man in Mexico, said that he wants his bank to be the first one in Mexico to accept Bitcoin. We heard about lots of banks that already have started to work with crypto, and BTC in particular. The main difference with this case is that Ricardo Salinas Pliego actually believes that BTC is a real equivalent of gold, and that fiat currencies in fact are a fraud. He says that the most significant feature of BTC is the fact that it has a total supply, which cannot be said about any fiat currency. What do you think? Is there a real difference? Will it be a successful project? Submitted June 28, 2021 at 04:45PM by SimpleSwapExchange https://ift.tt/3w2oJa2

There is no incentive to NOT use the lightning network. This is why I think bitcoin will succeed in the next decade for developing countries.

No, really, think about it. This is sort of like how some developing countries skipped going from setting up landline phone systems and went straight to developing smart phone infrastructure, 3g, 4g networks instead. Also, the more people who use simple lightning wallets with simple interfaces, the more robust the system becomes. EDIT: People are saying "lightning is too difficult" without doing proper research or even going to youtube, just watch andreas give a 3 minute explanation from nearly 2 years ago here ( https://np.reddit.com/r/Bitcoin/comments/cdadss/even_andreas_antonopoulos_makes_the_comparison/ ). There are some lightning apps that will scan a QR code and automatically determine whether it is a bitcoin blockchain address or a lightning URL address (just like Andreas said). You don't have to do any of that other complicated and cumbersome stuff either. Example - https://www.youtube.com/watch?v=AW-7XBrSqCI Submitted June 28, 2021 at 12:33PM by sgtslaught

Bitcoin Node is Live!

https://ift.tt/2UyB0pt Submitted June 28, 2021 at 05:52AM by bringerofrayn https://ift.tt/35Vhvd9

Does anyone else get upset when the price starts to rise because you have been trying to accumulate cash during the dip?

No text found Submitted June 28, 2021 at 06:07AM by DestructorOfCunts https://ift.tt/2Uav0TB

Preempt the massive MSM FUD today about "UK bans Bitcoin/Crypto/Binance!"... its not...

...It's only de FCA... ...talking only about Binance... ...and talking only about crypto securities and derivatives from Binance. Edit: Apparently, it is just the futures element as it's regulated in the UK. They might have to set up a binance UK-specific version. Let's hope its not like the US version. Binance is not banned in UK You can still spot trade cryptocurrency FCA issue applies to futures trading only as that is a regulated activity https://twitter.com/catsofcrypto/status/1409096291876061184 It's straightforward. -Binance cannot engage in regulated activities (derivatives, certain types of lending, etc.) -Binance can still engage in the unregulated aspects of the crypto market, for now. That's really all there is to it in the immediate sense, but it's also a framework that means, should the UK decide to regulate cryptocurrency, this decision would make the business of cryptocurrency immediately illegal for Binance and any other crypto re

I always hear $1,000,000/BTC at some point in the future, but is this actually possible based off of the fundamentals or is this just a wild fantasy?

No text found Submitted June 27, 2021 at 11:59PM by teenastyty https://ift.tt/35VB98Z

Despite all the FUD and uncertainty, Even Gold-Obsessed Indians are now pouring Billions Into Crypto particularly into Bitcoin.

https://ift.tt/3dkkEHG Submitted June 28, 2021 at 06:20AM by maniparusu https://ift.tt/3hamgVF

Could China Foster a 'Cleaner' Bitcoin? People often equate energy consumption with pollution, and thus the current attitude towards Bitcoin is that it is ‘harmful’ to the planet. This is wrong.

https://ift.tt/3vY2XE7 Submitted June 28, 2021 at 02:29AM by markpaul00 https://ift.tt/3xSTDCW

Wtf is going on with bitcoin!?

What was that huge spike a few minutes ago from 30k to 34k? Submitted June 28, 2021 at 03:20AM by Believeinthedream https://ift.tt/2U8ohd7

Daily Discussion, June 27, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted June 27, 2021 at 10:07AM by rBitcoinMod https://ift.tt/35St4C7

IRS increasing prevalence of Bitcoin in their training materials

Hey everyone. I'm a tax professional and just recently took the second part of the Special Enrollment Examination which is an IRS test to become an Enrolled Agent. During my exam I had two questions specifically about Bitcoin out of the 100 questions on the business tax test. From what I understand, the IRS just changed the SEE this year and are including more on digital assets for the tax pros. To me this was a pleasant surprise during my test and something pretty bullish on the government's side. Submitted June 27, 2021 at 09:28PM by ikeep4gettin https://ift.tt/3qtd4zP

Any drawbacks if I liquidate my entire stock portfolio and fully transition to Bitcoin?

Hi Everyone, Hoping to get your thoughts on something I've been contemplating for some time now. I've been DCAing into stocks and Bitcoin for a few years now but recently have been considering liquidating all my stocks and completely transitioning into Bitcoin. I would no longer invest in stocks and continue investing 5% of my income into Bitcoin, possibly increasing it to 15% or 20% of my income. Good or bad idea? Submitted June 27, 2021 at 07:06PM by iamvsus https://ift.tt/2UHuRrg

HELP

Ever since I saw the adoption of bitcoin in El Zonte (a small town in El Salvador) I've thought about how great it would be if Bitcoin would get adopted in small towns all over the world. Small towns tend to have less money but with the adoption of bitcoin into their small towns, the small town's wealth would grow (assuming the price of Bitcoin goes up). Based on videos I've seen on youtube on El Zontes citizens and bitcoin some people say they've made money just from holding and others say they've lost money, which is no surprise because of its volatility. I'm very optimistic about Bitcoin, so I truly believe that any town with its own bitcoin economy will see substantial returns from just owning some bitcoin. My main point is, id like to introduce bitcoin to a small town in Mexico, I own a couple of acres of land in this town and own a couple of mini shops that people rent out to me every month. This place has a mix of both elderly and youth and they all

Mexican Billionaire claims his bank will be the first in country to accept Bitcoin

https://ift.tt/3gW7Zgm Submitted June 27, 2021 at 10:23PM by andrytail https://ift.tt/3xZSoC8

Blockchain.com Scammed Me...

don't use blockchain.com. so this is my story with blockchain : on December 22, 2020, I mistakenly deleted the Google Authenticator app from my phone and couldn't recover it, and unfortunately, I lost my Blockchain Exchange account 2Fa when I realized that, I immediately requested blockchain to reset my 2Fa they said you can reset it with your 2Fa backup code or verifying yourself by taking a photo from yourself holding these informations: Today's date; Today's BTC price; A handwritten text " 2FA reset for the Blockchain.com Exchange"; Email Address registered to your Blockchain Exchange account; Your full name, address and date of birth. Since I didn't have my 2fa back up I was forced to verify myself. In summary, I end up sending my information and verify myself but there was a problem, some of my information when signing up was fake because blockchain wasn't supporting my country but on January 13, 2021, they ended up accepting my veri

"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete"

https://ift.tt/3x3NTGo Submitted June 27, 2021 at 05:43PM by xcryptogurux https://ift.tt/3hqBDth

JP Morgan accused of Manipulation because of Irrational and Unfounded Bearish Bitcoin Predictions

https://ift.tt/2Ssmzmc Submitted June 27, 2021 at 10:33AM by simplelifestyle https://ift.tt/3hdl9nW

Crypto Is About to Become as Ordinary as Cash - And Bitcoin be the leader

https://ift.tt/3x0TltA Submitted June 27, 2021 at 07:18AM by iwtemailsytop https://ift.tt/3A07A3P

Stop hoping and waiting for BTC to dip more.

It becomes a self fulfilling prophecy. The more people on here saying I’ll buy when it hits $15k, $20k, $25k, etc. are shooting themselves in the foot. We want people to buy. We want new people interested in BTC and crypto and if they all believe this is going to dip, they won’t enter the market and…. The correction/dip will continue. We need buying pressure, not selling. Wouldn’t you rather have everyone going in now, in the low-to-mid $30,000s and just keep buying as it continues to stay sideways or go up? When we start hitting all-time highs, are you really going to care that you bought at $25k vs $30k? $65k to $30k is the dip. Start buying and stop talking about the hypothetical lower price you’re going to buy at. Some broken record advice… DCA. Invest 1/52nd of what you want to invest in total every week. And if that dip comes that you’ve been waiting for… stop the DCA strategy and and back up the truck to buy as much as you want. steps off soapbox Submitted June 27, 2021 a

MICHAEL SAYLOR: BULL RUN is coming...

https://www.youtube.com/watch?v=ptgxRNCao8k Submitted June 27, 2021 at 04:32AM by Triangle_Player https://ift.tt/3gYbbrR

Bitcoin Art I made with my girlfriend!

https://ift.tt/2T9Q6l2 Submitted June 27, 2021 at 11:31AM by PooPoolorg https://ift.tt/3dhRSrb

If you don't believe me or don't get it, I don't have time to try to convince you, sorry" - Satoshi Nakamoto

I think time to time we need to remember this. Satoshi didn't try to convince people how awesome Bitcoin is or would be. We don't neither. BTC will prevail no matter what. This is what makes it great. If you wanna remember: https://bitcointalk.org/index.php?topic=532.msg6269#msg6269 Submitted June 27, 2021 at 05:15AM by eneskaraboga https://ift.tt/3qsfJd3

3rd richest man in Mexico on Bitcoin. 🚀

https://ift.tt/2T9xaCY Submitted June 27, 2021 at 07:29AM by tsrts141 https://ift.tt/3gYxJsh

Nodes up 6%, Channels up 10%, capacity up 19%. Good day for the lightning network today

https://1ml.com/ Submitted June 27, 2021 at 02:45AM by fipasi https://ift.tt/35UkPVX

Is it time to panic?

Was Bitcoin an awesome idea from the start? Yes. Does Bitcoin work? Yes. Is Bitcoin secure? Yes. Is Bitcoin scarce? Yes. Does Bitcoin continue to improve? Yes. Can a person tell much by looking at price changes over a relatively short period of time? No. Is Bitcoin's price volatile? Yes. Does Bitcoin's price volatility matter to long-term, buy-and-hold investors/owners? No. Do many people know what Bitcoin actually is, and the basics of how it works? No. Do many people understand fiat money? Fractional reserve banking? Central banking? No. Is the current global financial system still based entirely upon fiat currencies? Yes. Is fiat money backed by anything? No, not since 1971. Is fiat money created from thin air by central bankers? Yes, by the trillions. Is excessive "money printing" a form of theft? Yes. Do fiat currencies always devalue to zero? Yes. What about today's fiat currencies? They are well on their ways to zero. Did criminal bankers g

I'm honestly so tired of Michael Saylor

Coming on all these interviews and making so much sense that people struggle to understand what true financial freedom and sound money can bring to the masses I call him cobra now, spitting facts everywhere Submitted June 26, 2021 at 09:19PM by russiansausagae https://ift.tt/3jfo0zk

Daily Discussion, June 26, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted June 26, 2021 at 10:04AM by rBitcoinMod https://ift.tt/3qsiHOz

Michael Saylor Gives Insight on The Bitcoin Market, China, Green Mining & MicroStrategy - June 25th 2021

https://youtu.be/MkRXEzSpctw Submitted June 26, 2021 at 05:48AM by Fiach_Dubh https://ift.tt/2SqBqgW

So, if the Bitcoin Bull Run is not yet over...

The Bulls will still need to price-in... Country/ies making BTC legal tender. (This was not expected in this run) New billionaires .purchasing BTC. Taproot. China losing control on mining supremacy. Inflation and Dollar printing. ​ I do not think that we have those mouth-watering fundamental goods waiting for the bulls to price-it-in during the mid-year crash, in the last bull run editions. If you utilize risk-and-reward ratio and you still have buying power, the ratio is quite obvious. It is heavily leaning towards reward. Submitted June 26, 2021 at 05:40PM by bigmatch https://ift.tt/2U3jYjh

Full video with English translation: "President Bukele of El Salvador Addresses The Nation on Bitcoin" (Rebroadcast in English - 6/24/2021)

https://youtu.be/7i8aKZpLiEE?t=1 Submitted June 26, 2021 at 11:03AM by simplelifestyle https://ift.tt/3h5cvrL

If Bitcoin was legal tender in your country would you actually spend it rather than fiat?

Given that the majority of us believe that Bitcoin will increase in value over time, would u want to spend it rather than hodl and let it appreciate. Example: Let's say I purchased a car for 1 bitcoin today but next week the value of Bitcoin has doubled meaning I was probably better off using fiat. Thoughts? Submitted June 26, 2021 at 09:31AM by T-A-H-I https://ift.tt/3gYCnXv

El Salvador is giving away free Bitcoin to its citizens

https://ift.tt/3vRe41O Submitted June 26, 2021 at 03:55PM by Cosmictraveler420 https://ift.tt/3gVBbE0

The Hashrate of Bitcoin Is Slowly Rising

https://ift.tt/2TcanGu Submitted June 26, 2021 at 02:29PM by bletchleymcgregor https://ift.tt/2Sr9FF0

Buying a coffee in El Salvador with Bitcoin.

https://ift.tt/3vSsNtm Submitted June 26, 2021 at 05:41PM by malramut https://ift.tt/3qqk00G

If you’re wondering wether people were trying to cope with dropping prices by saying “this is a really good buying opportunity” etc during previous market crashes like they are now… They were

and they also all turned out to be absolutely right. Submitted June 26, 2021 at 10:16AM by hob_goblin8 https://ift.tt/2U5lrVY

El Salvador is handing out up to $117 million in Bitcoin to its citizens

https://ift.tt/3h2DUug Submitted June 26, 2021 at 01:20PM by GamesInfluencer https://ift.tt/3h6UWaK

Just caught myself thinking 'god has bitcoin fallen deep' just to realize that 31k per coin is actually a huge amount if we look we're it came from

It truly is the internet of money. I am really excited where we will be going until the end of the year. Where where where where where. Fuck that, noone even noticed. Submitted June 25, 2021 at 10:37PM by Lonely_DungeonMaster https://ift.tt/3vR1yPS

IF you want Bitcoin's price to stay flat, like the price of gold...

...then you should root for the ETFs, bring on the "custodial" bullshit, and store YOUR Bitcoins on some exchange. Bring on the rehypothecation. Bring on the Wall St. criminals who will sell hundreds of times more Bitcoin than actually exist. Just make sure you tell people, "it's good for adoption" while you play the stooge for Wall St. criminals. Be sure to explain how your parents are too stupid to use a Bitcoin wallet, so we'll know that you inherited it from them. ETFs open the door to bad things . Rehypothecation : Look at the price of gold; it has been artificially suppressed via "paper gold". Search, "physical gold vs paper gold". ETFs open the door for evil people to suppress the price of Bitcoin by selling Bitcoins that don't exist, or, if you prefer, selling the same Bitcoin to many clients (dozens, hundreds), all at the same time. Don't be quick yell "hooray for Bitcoin ETFs." Government confiscation : As

Mass Influx of Bitcoin Miners are Coming to Texas

https://www.youtube.com/watch?v=wtwbBspU9lE Submitted June 25, 2021 at 09:08PM by shashwat73 https://ift.tt/3h1sh8l

I'm so proud of my country El Salvador

I moved from El Salvador to the U.S when I was 14 years old (I'm 23 now), looking for better future. I look back and I wanna cry so bad for all the good that is coming to El Salvador. My country, my people have suffered enough with all the corrupt government, gangs, and violence. Now that we have an amazing President Nayib Bukele and the good news about bitcoin we can finally see a good future for El Salvador, if you guys can only imagine how happy I'm. I own a little bit of bitcoin, and hopefully I can go visit to El Salvador in December to see my family and spend a little bit of bitcoin there. :') Submitted June 26, 2021 at 12:43AM by j_isaac120 https://ift.tt/3vWsJJc

So sad. I just witnessed an old man put $1500 in a Bitcoin atm machine saying “a guy from Washington DC called me” and “said I need to pay $3,500 in Bitcoin or else I risk going to jail.” Good thing the atm maxed out at $1,500, I just informed him he was scammed..

No text found Submitted June 25, 2021 at 11:26PM by Jtown271 https://ift.tt/2Sq4hC2

I put my savings into Bitcoin

After a lot thinking, reading, and researching, last week I completed putting my savings into Bitcoin. I did it over a span multiple weeks (following the dollar-cost averaging strategy). I haven't told people that they know me about this, and not planning to (for security reasons). Here is my thinking about why I did it and things that I considered: I'm debt free and have no responsibilities (not married, no kids, etc.), so for me the time is right. I came across crypto first back in 2017, I was interested in the technical side more than the finical side. Bought a little back then, never sold it. Seen it dropped more than 50% in the short term and gained more than 200% in the long term. In the long term, it increases. I'm in it for the long term (minimum: 10 years, maximum: forever). There will be never more than 21 million Bitcoin. That's scarcity, scarcity has value. Bitcoin adoption is increasing rapidly. Everything in life has a risk factor, for me holding a

Athena Will Install 1500 Bitcoin ATM Stands In El-Salvador

https://ift.tt/3vPNp5q Submitted June 25, 2021 at 01:31PM by bletchleymcgregor https://ift.tt/35SQeIg

El Salvador Citizens Eligible for Free Airdrop of $30 in Bitcoin

https://ift.tt/3jr8RLJ Submitted June 25, 2021 at 06:09PM by TobiHovey https://ift.tt/3qpLXpi

The President of El Salvador just explained how Bitcoin works to his entire nation via a powerpoint.

https://ift.tt/3h7O5O5 Submitted June 25, 2021 at 11:01PM by malramut https://ift.tt/3h1dhWC

Paraguay announces a bill that would make #Bitcoin legal tender and also to encourage mining (with renewable energy sources).

https://ift.tt/2T87Ihd Submitted June 25, 2021 at 05:19PM by Zemorphus https://ift.tt/3d8Pe75

Sign the Petition - to get the US to adopt Bitcoin as legal tender.

http://chng.it/gfvkgYdqYJ Submitted June 25, 2021 at 12:03AM by GeologistShort https://ift.tt/3qohVSG

BTC Shorts are up 900% today. Lets discuss.

BTC Shorts on bitfinex streted to rise today at 9:00 steadily till now, and are up 900% today ( https://www.tradingview.com/symbols/BTCUSDSHORTS/ ). BTC is steadily decreasing in price - not saying that only because of that, but it sure helps driving the price down by creating a huge sell pressure. I am not big fan of conspiracy theories and WSB blame-the-short-sellers game, but it sure looks suspicious. If you look at that shorts charts on bitfinex, they always seem to rise immensely in a single day. I suggest looking at BTC shorts for any BTC holder that wants to buy/sell. If anyone has good theories on why these shorts behave this way - let's discuss it, as I would be very interested. An obvious explanation is coordinated selling pressure by large institutional players. Edit: Over 1000% now. Noice Submitted June 25, 2021 at 08:13PM by statypan https://ift.tt/3wXsEpS

"In 4 years, people will be kicking themselves for selling at $3,000 instead of HODL-ing for the new price of $30,000."

https://ift.tt/3zWXUHs Submitted June 25, 2021 at 07:03PM by Vermillionbird https://ift.tt/3gTbkMX

Bitcoin to become legal tender in El Salvador on Sept 7

https://ift.tt/3wVrw66 Submitted June 25, 2021 at 07:30AM by tonytharakan https://ift.tt/35UVSJS

I bought my first Bitcoin today

Actually half a coin. I'm a bit nervous buying in a bear market etc. Did I make the right choice? I have no plans to sell in the next few years I'm just looking for validation and saying Hi. Edit: *Please don't DM me about "quick money crypto investments" I didn't come down in the last shower!* Edit 2: I've never had seen so many valuable and helpful comments. Thank you everyone. This is a great community! Edit 3: why nervous, this is my first time investing. I do research first and know to buy when market is down but for a first timer it is scary seeing your investment down immediately. Submitted June 25, 2021 at 04:16PM by Yipikaye- https://ift.tt/3xRKLNT

President @nayibbukele is pledging to give $30 in #Bitcoin to every El Salvadoran.

https://twitter.com/BitcoinMagazine/status/1408261919077810177 Submitted June 25, 2021 at 09:43AM by Few-Bullfrog-4653 https://ift.tt/3ha6NoC

The real SATOSHI NAKAMOTO identity

Sa(msung) Toshi(ba) Naka(michi) Moto(rola) satoshi nakamoto... only the four biggest tech corporations. That's it ladies and gentlemen. I'm out. put tinfoil hat and walk away Submitted June 25, 2021 at 01:58PM by tony0295 https://ift.tt/3xO71ID

El Salvador update on BTC

President Bukele just announced that he is implementing a national wallet in September called “chivo” (means cool in Salvadoran slang) The government is giving 30 usd to anyone that creates an account, by law you will have to accept BTC as a company... but the wallet let’s you convert the BTC to usd immediately. He mentioned there will be two types of wallets... one for the people and one for companies. Apparently the wallet also is compatible with other Bitcoin wallets... You will be able to pay taxes with BTC... except you won’t need to pay taxes for the BTC you hold. Foreigners who come to invest in crypto in El Salvador will be granted permanent residency and will not have to pay taxes for the crypto they invest in. Submitted June 25, 2021 at 10:07AM by ifeelanime https://ift.tt/3qr5sh2

Very interesting data on CO2 emissions coming from China.

https://ift.tt/3xPryfL Submitted June 24, 2021 at 10:09PM by staz5 https://ift.tt/3h6ik8j

"Jack Ballers of Strike" Lands Heavy Blows For Bitcoin & El Salvador on Fox News - June 24 2021

https://youtu.be/kq8rLaThrec Submitted June 25, 2021 at 01:25AM by Fiach_Dubh https://ift.tt/2SvbwsE

Paraguay in a race for second place to make Bitcoin official currency

https://ift.tt/35QKBKU Submitted June 24, 2021 at 09:46PM by hamoti https://ift.tt/3dbmxWY

China's exit from Bitcoin opens the door for the Western societies to re-establish their position once more at the top of the next 21st century financial market.

I think this move by China can only be a positive for the Western Nations that want to negate or challenge China's Rising economic power. Submitted June 24, 2021 at 08:42PM by MGTOW_and_Bitcoin https://ift.tt/3xRHKgO

Bitcoin moves back into the Top 10 assets by market cap right after the U.S. announces another $1 trillion stimulus package

https://ift.tt/3j752Lr Submitted June 24, 2021 at 10:23PM by TeenaCrossno https://ift.tt/3zZ1lNY

Instantly paying your electric bill in a poor village of El Salvador

https://ift.tt/3zXMlzC Submitted June 25, 2021 at 12:12AM by simplelifestyle https://ift.tt/3xTouiC

Any one want to start a group to spread FUD about central banks and government money?

Sounds fun. We get a Discord going and decide on the daily or weekly fud regarding government fiat money and then we spread that shit like crazy. Maybe all week we vote on the best ridiciouls story to spread around. The old switcher roo. Submitted June 24, 2021 at 11:27AM by Parking_Meater https://ift.tt/35NHjrD

Breaking: Paraguay announces a bill to make Bitcoin legal tender. Now only 193 countries left.

https://mobile.twitter.com/carlitosrejala/status/1408094673974054920 Submitted June 24, 2021 at 10:07PM by Rainmakerman https://ift.tt/3gSR7Hd

Bitcoin is not a crime. Denying citizens the civil liberty and human right of peacefully owning and transacting in it is the real crime.

China has told banks and payments platforms to stop supporting digital currency transactions. Their central bank said it had recently summoned several major banks and payments companies to call on them to take tougher action over the trading of cryptocurrencies. Banks were told to not provide products or services such as trading, clearing and settlement for cryptocurrency transactions. Authorities have ordered the closure of 26 mines last week. Last month China's cabinet, the State Council, said it would crack down on cryptocurrency mining and trading as part of a campaign to control financial risks. The day will come when a united crypto community will publicly and peacefully stand against government's trying to restrict/block it's citizens from transacting in peaceful cryptographic code on decentralised and open networks. When that day comes, I for one will be more than willing to take my place on the frontline. Submitted June 24, 2021 at 05:27PM by jam-hay htt

I’m Putting My Billion In Bitcoin, Billionaire Ricardo Salinas

https://ift.tt/2Ums46v Submitted June 24, 2021 at 09:26AM by castorfromtheva https://ift.tt/3d69zdi

Eric Adams, the Democratic mayoral candidate in New York City, stated he would transform the city into a Bitcoin hub within a year, competing with Miami for the title of US crypto epicenter.

https://ift.tt/3zTYN3v Submitted June 24, 2021 at 05:34PM by andrytail https://ift.tt/3dazjoO

Canada Politician makes an argument that Inflation is an Illegal Tax (since not approved by House of Commons). Bitcoin fixes this

https://youtu.be/UiFKA543nQY Submitted June 24, 2021 at 07:42AM by e5pK44sqszwxjEFL https://ift.tt/3wWhfqf

NYC Mayoral Front Runner Eric Adams Says City Will Become 'Center of Bitcoins' - CoinDesk

https://ift.tt/3wU04pp Submitted June 24, 2021 at 06:49AM by yolodogewtf https://ift.tt/3qjXDKi

Creating Inevitable

https://ift.tt/3qom2hH Submitted June 24, 2021 at 06:12PM by polytro https://ift.tt/3h5fikH

Vibe check

https://ift.tt/3gQcyIN Submitted June 24, 2021 at 03:46PM by NeedleworkerNo2874 https://ift.tt/3gQcAjT

RIP John McAfee, Love this video

https://youtube.com/watch?v=bKgf5PaBzyg&feature=share Submitted June 24, 2021 at 07:06AM by TP-formy-BungHole https://ift.tt/3zSh29t

RIP John McAfee

https://ift.tt/3wMxx4Z Submitted June 24, 2021 at 01:02AM by Chrismage333 https://ift.tt/3vTxFyl

Hey, this is my Logo. What does everyone think when they see it?

https://ift.tt/2Spwh92 Submitted June 24, 2021 at 05:18AM by CJT1980 https://ift.tt/3jbJltw

El Salvador President has a better grasp of Bitcoin than 99% of Bitcoiners

Excerpts from Nayib Bukele's Interview with McCormack (When he first came across Bitcoin) I thought it was very smart. But a lot of good ideas just vanish. Bitcoin just keeps growing and growing, not only in price. Measuring Bitcoin against dollars kind of defeats the point of Bitcoin. (1 BTC = 1 BTC) At the beginning, I thought Bitcoin was beautiful and now I'm even more convinced about it since it has withstood the pressure of time and changes in global political landscapes, social media exploding... you have all these changes but Bitcoin has not only persisted but its impact keeps growing. It is not just a very good idea anymore. At the beginning it was interesting. Now it's a reality. Of course, classical economists don't like it. It's not that they don't understand but they don't want to understand it. It would mean all of their preconceptions, their theses, their works, their books would be meaningless because they were wrong. Imagine someone wh

When Bitcoin Price Reached $65K, You Were Waiting for an Opportunity To Buy. The Opportunity Is Now. It is up to you to seize it.

https://ift.tt/3wTfU3p Submitted June 23, 2021 at 11:57PM by sylsau https://ift.tt/3gSpH44

John McAffe found dead in prison

https://ift.tt/35KdZCf Submitted June 24, 2021 at 12:24AM by bigclivedotcom https://ift.tt/3gYZHmz

Just paid for my tab where I was staying with Bitcoin

I'm currently traveling in Colombia from the U.S. and my bank blocked my cards for the entire trip. I could not pay my week-long tab for food and drinks when I was checking out. Then.....the owner walks up and said I could pay in Bitcoin! The transaction took seconds to hit his wallet. Bitcoin is the future as banks are failing us. Controlling our assets and not even giving us access to our money when we need it. But with Bitcoin, I was able to pay a merchant with ease, without permission from anyone. The future is here. A place where more are picking up on Bitcoins value. As more than a moneymaker, but a way to pay for the things we need. No one can stop Bitcoin, it truly is the future. Submitted June 23, 2021 at 07:31PM by Chrisjstevens https://ift.tt/2Sn6H4z

Paraguay announces a bill that would make Bitcoin legal tender and also to encourage mining (with renewable energy sources).

https://ift.tt/3gRfAeE Submitted June 23, 2021 at 09:29PM by simplelifestyle https://ift.tt/3j76eyc

Bitcoin succeeds because it proves its inability to change. It just exists whether you like it or not and you can't control it or change the rules to your liking. This is how Bitcoin won the blocksize war from 2015 - 2017.

https://ift.tt/2TYjSJH Submitted June 23, 2021 at 07:16PM by AlonShvarts https://ift.tt/3zTgHmM

This is so sad...

Broke up with my 6 year girlfriend, because she was abusing me mentally. The sad thing is that i had to sell some btc to cover up moving out, rent, bills etc. I just wanted to buy more, not sell. Time to start independent chapter in my life. Fuck selfish women and fuck banks 😂 which actually gives me more money to invest in long run. Time to start new independent chapter in my life. Submitted June 23, 2021 at 01:04PM by Holiday_Pop_6565 https://ift.tt/3d6O3ov

From China to the West, the Great Bitcoin Mining Exodus Has Started. And That’s Bullish for Bitcoin. America will be the big winner in this ban by China.

https://ift.tt/3gUAvhb Submitted June 23, 2021 at 01:49PM by sylsau https://ift.tt/3j6QjQn

El Salvador President: This is a Bitcoin Law and No Altcoin Will be Made Legal Tender

https://ift.tt/2SW3h8Y Submitted June 23, 2021 at 05:46PM by wmredditor https://ift.tt/3xLCAmh

I feel uncomfortable if I don’t buy the dip

I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago. The fact that I can’t buy this dip just makes me extremely uncomfortable. It makes me feel shifty and nervous of the fluctuations. Whereas before I looked forward to it falling so I can just buy. I guess this is the part where I wait. Submitted June 23, 2021 at 08:29AM by Typical-Dependent259 https://ift.tt/3h0bYY3

Sneak peek of the volcano powered Bitcoin mine in El Salvador

https://ift.tt/3xLiMiV Submitted June 23, 2021 at 03:37PM by malramut https://ift.tt/3qixBHl

Understanding Bitcoin Is A Superpower

I first heard about Bitcoin in 2014 when a friend had me create a Coinbase account and sent me some. This one transaction would change my life forever, I just didn’t know it yet. I read the white paper, but 98% of it didn’t sink in because I wasn’t technically literate enough to understand it. I understood that it solved the double-spend problem and that that was significant, but tbh I just liked the rebellious vibes the community was giving off at the time. I put a few hundred FIAT coupons in, and waited for something to happen. Then btc went sideways for a long time. I wasn’t someone who regularly tracked markets of any kind, so I got bored pretty quickly and forgot about it. In 2017, when my wife was about to have our first child, the market went nuts. For the first time in about 3 years, I remembered ‘I own some of that’. So, I downloaded the Coinbase app and logged in to discover that I now had >15k. My jaw hit the floor as over the next few weeks I watched my portfolio climb

₿itcoin Halving Index 📈

https://ift.tt/2Us6Yns Submitted June 22, 2021 at 11:55PM by shleebs https://ift.tt/3wT5QHU

When you start to panic on days like these always remember that one entity holds 105,085 bitcoin acquired for ~$2.741 billion at an average price of ~$26,080 per bitcoin and they don't seem to care about the price at all and still try to accumulate more at any given time at any given price

Yeah, we're closer to 26k than 65k and bitcoin "ded" soon and all that...but just imagine why would smart people HODL bitcoin bought at 26k (average price) and still don't give a fuck about the price but just keep buying more. -> https://twitter.com/michael_saylor/status/1406946140344442882 We've seen cycles like these , we've seen crashes like these and the smart ones who bought in during times like these were awarded nicely later when things started to move upwards. Submitted June 22, 2021 at 07:59PM by cascading_disruption https://ift.tt/2UsbUbX

Billionaire Ricardo Salinas Pliego on Bitcoin. He has over a billion dollars in Bitcoin, or 10% of his net worth. [Spanish] "Bitcoin's limited supply is convincing enough for me to invest my billion dollars. I don’t care what fools talk about it."

https://www.youtube.com/watch?v=bCuvZxmcKac Submitted June 23, 2021 at 07:22AM by SatOnMyBalls_ https://ift.tt/3x2sddG

LMAO! This is so accurate every time the market is going dip! 🤣🤣

https://ift.tt/3j9P0Aj Submitted June 23, 2021 at 12:36PM by KryptoMagnifiko https://ift.tt/3wTMTEI

Hedge against the price of wood

https://ift.tt/3gOKRA9 Submitted June 23, 2021 at 07:17AM by Ascends https://ift.tt/3d7NBqi

Just got hired for my first bitcoin freelance contractor job - the remote Bitcoin task economy is so exciting!

I am so happy right now :) I am a college student and live in El Salvador and have been freelancing for quite some time now. What used to be a side hustle is now my full time living and I am able to support my family. Thanks to you guys I found Bitcoin! Although I have not bought any yet for myself, I am happy to earn my first sats ! I used to use Reddit but recently found a site here on Reddit and am happy to say that today I started my first bitcoin-paid work! I offered 5% discount off my regular rates to help out with a project, and considering I waived the pretty high upwork and paypal fees, I'm getting almost the same back as normal! It's pretty hard to get an in person job doing web development here and am so happy about my new opportunity. I can't wait until I earn Bitcoin during the bear market so I can stack my sats. Here is my profile if you're interested in checking out my work on Grindez : https://grindez.com/vendor/jesse-thomas/ Submitted June 23

Interview of Mexico Billionaire: Bitcoin limited supply is convincing enough for me to invest my billion dollars. I don’t care what fools talk about it.

https://ift.tt/3zQvZsI Submitted June 23, 2021 at 01:48AM by rollingincrypto https://ift.tt/3d0nIsg

Miners Welcome to Colombia

I represent a small mining company in Colombia with over 5 years of experience in GPU and ASIC systems. We have good connections with the hydroelectric and solar power companies that can provide cheap and reliable power to mining operations. We are looking to expand our business and look forward to working hand in hand with companies looking to set up shop in Latin America. We would also be interested in buying used machines https://preview.redd.it/kpbf2aypav671.png?width=890&format=png&auto=webp&s=d74c11e0d7558d668aaedcb3ac9d6f09187088fa Submitted June 23, 2021 at 12:20AM by bultodepapas https://ift.tt/3gWPeYJ

"Nations are shivering in their boots" Bitcoin is working!

https://youtube.com/watch?v=D4f6HDv67Y8&feature=share Submitted June 22, 2021 at 03:34PM by Emotional-Ad-3475 https://ift.tt/2SkLx76

Wake Up BIT Wake Up !

https://ift.tt/3jbcZ1U Submitted June 23, 2021 at 12:29AM by Right_Historian_2984 https://ift.tt/3gJNGCB

Daily Discussion, June 22, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted June 22, 2021 at 10:07AM by rBitcoinMod https://ift.tt/35Fb6Tv

Time is on the side of Bitcoin

Every passing day that the 30K is not broken, the sellers are getting exhausted. Every passing day HODLers are increasing their holdings. Every passing day, the consolidation is getting longer. Every passing day, retailers with diamond hands are earning money to buy more BTC. Every passing day, the companies and institutions that plan to buy are one step closer to buying at a very good price. Every passing day, and we are nearer to the next country that will follow the footstep of El Salvador. Every passing day, and more people are becoming aware of bitcoin. If the bears fail to deliver the death blow, it will only be a matter of time. Submitted June 22, 2021 at 07:19AM by bigmatch https://ift.tt/3zIKdM5

Governments Planning a Global Coordinated Attack on Bitcoin from Next Month Onwards [Due Diligence]

The worlds’ wealthiest nations are aiming for cryptos, restricting, amongst others, the following: Peer-to-Peer Transactions; Stablecoins; Private wallets (cold storage, phone and desktop apps); Privacy (privacy coins, mixers, Decentralized exchanges, use of TOR and I2P); Former ICOs and Future Projects (DeFi, NFT, smart contacts, second layer solutions, and much more). In addition, these new regulations intend to: Force those active in crypto to be licensed and regulated as banks (responsible for KYC and transaction tracking); Create full transparency for ALL transactions; Exclude and freeze assets of persons, activities, and countries labeled a “risk;” Force the inclusion of user information with all transactions; Revoke the license of those who don’t comply. In short: they want to change the way the space can operate. As you’ll discover, the regulation rolled out aim to create a system of complete transparency and control. At the same time, regulatory clarity could