I don't know why, but I believe his logic 🤔
https://ift.tt/DVF8TfzkK Submitted February 01, 2022 at 06:12AM by Lucky-Ad-709 https://ift.tt/tv9uA0QPz
Posts
Showing posts from January, 2022
Just plugged in my full node. Lucky troll to ensure NGU.
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This is not the Satoshi Nakamoto but looks exactly how I would imagine a Satoshi Nakamoto
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El Salvador President: Bitcoin Will Witness “a Gigantic Price Increase” Soon
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why didn't they just raise interest rates by 0.25% ???
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Texas Governor and two of his opponents in the 2022 gubernatorial election have now announced they're pro-Bitcoin and its innovation.
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BREAKNG: Senator from Mississippi introduces bill to recognize Bitcoin in the state code.
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Senator from Mississippi introduces bill to recognize #Bitcoin in the state code. - Dennis Porter on Twitter
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Argentina's inflation rate is 50%. Why are they not all buying tons of Bitcoin?
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I live in the USA, where the inflation rate of 7% is freaking everyone out. But Argentina's inflation rate has been 50% or more for the past few years. I cannot understand why people there would not be rushing to turn their pesos into Bitcoin. Even with the volatility and price drops of Bitcoin, it seems to be an obviously MUCH better place to put your money than the Argentine peso. https://www.msn.com/en-gb/money/other/argentina-e2-80-99s-dystopian-reality-where-inflation-runs-at-50-per-cent/ar-AASYk8K Submitted January 30, 2022 at 11:19AM by Effective_Positive_8 https://ift.tt/zn4XFxpwh
I'm a bank teller at a large North American Bank, and every day I'm reminded how much we need Bitcoin.
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As someone who works for a bank in a customer-facing retail setting I'm one of the first people they come to when they have banking issues they need help with, or complaints with our policies. These issues/complaints include any and all of the following: Credit/debit card fraud in which their card is being used without their permission. Card fraud in which their card/personal details where stolen either through phishing or a similar scam. Cards being locked due to "suspicious transactions"(which might not even be suspicious in many cases which just frustrates people) Checks being put on hold for anywhere between 1-6 business days, or even up to 10 for big checks. Accounts being partially frozen or even closed due to potential fraud activity. Payment apps like Zelle either not letting people link their accounts, or blocking payments due to lack of similar payment activity or whatever they deem "suspicious activity" Customer cannot easily tr...
Is she purposely trying to look stupid? These are the morons in Washington.
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Worst case scenario Biden permanently bans crypto and shuts down all CEX. What do you do next?
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1.) You sell all of your crypto (possibly at loss), cash out and never bother again. 2.) You send all your crypto to a hot wallet like Electrum or Exodus and hodl indefinitely 3.) You get a cold wallet, store them there and quietly use them, either on deep web or P2P generally 4.) Move abroad, in a country where cryptos are legal Personally I'd go for (3) . I think its really cool trading crypto, being financially free, even if price goes downwards. What would you do in such a post-apocalyptic scenario ? Submitted January 29, 2022 at 04:26PM by Lazy-Train4542 https://bit.ly/3g9hkjG
Turkey’s Erdogan fires statistics chief after inflation data shows 19-year high
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Arizona has introduced a bill to adopt Bitcoin as legal tender
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OH SHIT!!! One of the governor candidates for Texas said he would do the same thing Arizona is proposing here if he wins, making Bitcoin legal tender in Texas that is. This stuff is going to become our legal currency the same way alcohol and weed prohibition ended, State by State
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A bill introduced in Arizona to make Bitcoin legal tender!
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US Gov't is about to invest in bitcoin. Putin just "directed the Central Bank of Russia not to neglect the advantages of Bitcoin mining." Biden's executive order of national security is not to regulate bitcoin. It's to buy bitcoin in the name of national security. My source is my ass.
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Putin Says Russia Has a “Competitive Advantage” in Crypto Mining https://finance.yahoo.com/news/putin-says-russia-competitive-advantage-062306145.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEdMgz7b-3mB8WxywAAY3cxLPugez7EgoPJGRBTZVb5AWx9u4GGZjfaOlOdMK9sBrX3mbBexVwZ-0C8sb0bbtgDBCSlChh31o97r4OuelL795QU4DlInpJkAB7Uq8XnszohHbyYYVqki__Aro6EAhatDxC1BdLmZhO_lBp3WcOJl Putin said, "The central bank does not stand in our way of technical progress and is making the necessary efforts to introduce the latest technologies in this area of activity." The US has no choice but to allow bitcoin. My conspiracy theory: After Putin said for the Russian Central banks to mine bitcoin, Biden's military advisers gave the green light for Biden to issue an exec order is to print money to buy bitcoin. It will also to start building nuclear power plants to mine bitcoin. Logic and game theory dictates this action. Submitted January 28, 2022 ...
Even if today seems like the worst day of your life a couple of years from now, you will see it was literally just a bump on the road
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Russia plans to tackle US sanctions with Bitcoin investment, says Kremlin economist
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SEC repeatedly rejecting spot ETF while approving Futures is a blatant attempt to grab regulatory authority. The SEC is not acting in the interests of the people it is sworn to protect
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Just now the SEC rejected the Fidelity spot ETF application, with the usual concerns about manipulation. How can the spot ETF suffer from manipulation risk when the SEC themselves allowed the futures ETF which according to them doesnt suffer from manipulation? Both of them are the same market. Lets say US retail and institutions, who the SEC wants to protect, have invested in BITO.. and over the weekend when BITO isn't traded, someone unknown to the market borrows a ton of money and also dumps million BTC on Bitfinex and crashes the price. Manipulation.. probably? But it doesn't make BITO free from manipulation, on Monday when it trades, BITO will just follow the spot price and dumps as well. Even BITO would be manipulated. So manipulation in spot - the SEC must protect, but manipulation in CME futures as a result of spot manipulation is fine? How does it even make sense? "Manipulation" bs is just a big smokescreen to hide what the SEC really wants.. The real r...
America’s Five Star Bank Is Now Allowing Its Clients to Buy, Sell, and Hold Bitcoin
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Did you know that if you moved your bitcoins into a wallet, that prevents shorts from borrowing them?
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It’s incredible how wrong this viral tweet is. The main bit is the assumption that he got his years salary paid in advance and put it all in bitcoin without paying any tax, and has to sell the bitcoin now to pay tax. Incredibly idiotic assumption, yet the media are loving it.
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A new bill that gives Janet Yellen the authority to ban Bitcoin?
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New bill just introduced in the House, and which will very likely pass in some form, is a provision that would be disastrous
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Jerry Brito: Included in the America COMPETES Act just introduced in the House, and which will very likely pass in some form, is a provision that would be disastrous not just for bitcoin but for privacy and due process generally. https://preview.redd.it/yd6ndzcdr2e81.png?width=680&format=png&auto=webp&s=9f30615c6ce3bb070f5d57d6b9c1e70591efdde1 The so-called "special measures" provision would essentially give the Treasury Secretary unchecked and unilateral power to ban exchanges and other financial institutions from engaging in cryptocurrency transactions. How would it do this? https://preview.redd.it/oe75dflgr2e81.png?width=900&format=png&auto=webp&s=fc361154d9da4c892574720e50f0dc4368375cc0 Bank Secrecy Act §5318A allows the Secretary to identify a "primary money laundering concern" and take "special measures" to (1) require financial institutions to report information on the concern, and/or (2) prohibit FIs from maintaining a...
Tweet: #BREAKING IMF urges El Salvador to remove Bitcoin as legal tender
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I'm buying $100 worth of btc every day for the next year starting a week ago. Sometimes a little more if I see a little dippy dip...
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Stop Panic Selling Your #Bitcoin to This Guy. He’s Been Buying $2-18 Million Worth Every Few Hours
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The energy consumption argument against Bitcoin is a nonsensical attempt to obscure the real authoritarian desire to control currency | Reason.com
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PSA: The best way to enjoy bear season is to build and run a full node (here's mine *proudface*)
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I'm a stupid single mom
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I am finally beginning to grasp this whole btc business. I don't have much money to send anywhere but to essentials so I am starting small. Y'all are the pros here. Don't laugh but I put $75 in btc but also try to maintain regular deposits to a high yield savings. So, I will probably never own 1 btc... is it worth it being a poor dumbo like myself if I cannot attain just 1? Submitted January 25, 2022 at 08:33PM by TreatFull3692 https://ift.tt/3IzsV7M
This might actually become the day where bitcoin officially separates from the market! (Hopium)
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I don't live in the US but ..
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Watching Biden fuck up literally 100% of what he aims to do and that's actually downplaying it 😄 assuming it's even him that makes actual decisions. I wouldn't be too worried about a crypto bill. Everything that this administration tried to pass backfired so spectacularly I'm curious what the crypto bill actually will do. Submitted January 24, 2022 at 08:41PM by Impressive-Respect83 https://ift.tt/345dYex
To those of you kicking yourselves for buying bitcoin at $40/$50/$60k
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It’s so easy now to look back at your investments over the last few months and think ‘if’ you’d have waited or done things differently you’d be financially in a better position, but exposure is the most important thing, if you hadn’t invested back then and bitcoin went on to be $100k now you’d be just as, if not more annoyed at yourself! It’s all part of the journey so continue to DCA if the price continues to go down, lowering your average buy price and before you know it you’ll be buying more again as we are going back up and through the $40/$50/$60k levels. Don’t panic! Submitted January 24, 2022 at 05:31PM by Oredman99 https://ift.tt/3nSlpx3
I finished my Sunday soccer game and got this from my 8 year old son. I had to oblige and got him a wallet with $500 BTC.
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How many of you are actually in it for life changing money
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I did the maths the other day. With what I have invested so far life-changing money is not even on the table. Even if btc hits 1mil I'll still be going to work. Which I don't mind I'm not here for life changing money. But it made me curious as to how many of you are actually expecting to get massive gains after Only throwing in a 100 or a 1000 to btc and waiting for a 10x Yeah it's cool to get the gains but the word about us being early just isn't true for most of the casual investors Edit: I'm not saying it's impossible to make money from investing in btc we all know it's gonna go up I'm just saying we have to be honest with ourselves about the amount of gains we will make Submitted January 23, 2022 at 08:51PM by Papa_Smuggles https://ift.tt/3GUftL7
Hodlers who didn't sell. You are very special Bitcoiners.
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Three people arrested in Nepal for using bitcoin. Its illegal in Nepal.
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This isn’t the first time and it won’t be the last - a visualisation
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One nice thing about Dips is that the TA videos stop for a while...
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All of the 'Last chance to buy before 100K' videos have stopped coming out lately, I can't imagine why. If looking to past movements could really predict the future then casinos wouldn't give you cards to write down the winning roulette spins. How many crossing double ball-bag indicators or lagging sixty-nine day moving averages have failed to predict this wee drop in the bucket. I can't wait to see how the gaggle of click-bait shooting turd polishers justify missing this. Sadly they'll be back though. ...and that people of Quahog is what grinds my gears. Let's be careful out there. Submitted January 22, 2022 at 01:53PM by wesleyD777 https://ift.tt/3GSJcUW
El Salvador buys the dip again! They just just bought 410 Bitcoin more for only 15 million of dollars
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Sell me this dip - make me buy the dip. In one sentence!
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My average is $58k. And I am not selling until 2030. I own more than 1 btc.
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I am just posting this to make others feel better who are panicking. Trust me if you truly understand what BTC is then you won’t care about short term price action. Traditionally 2014 and 2018 had negative returns for BTC and chance is 2022 will give negative returns but if you plan to hold for 4 years minimum and ideally 10 years and continue to do DCA monthly or weekly you will be just fine. Submitted January 21, 2022 at 09:51PM by Impossible-Tap-7820 https://ift.tt/3qO3j0T
When Bitcoin goes to $100k, I'm going all in.
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Let's be honest, I've been in this space for over ten years and nothing has made me buy more Bitcoin than FOMOing in at the top. In the long run, it's never mattered. When I was a newb, the dips would scare me yes, but I kept DCAing in anyway. However, when we hit peaks, that's when I really started FOMOing in my full paychecks during my DCA buy ins. I don't expect to stop that tradition anytime soon. So while you're all waiting for $10k to go all in, I'm staying true to my bad old habits that will never die and have served me well. I'll FOMO in everything I have just as I've done every time before. In the long run, it's always never mattered how high I bought in at anyway. So as my motto goes, buy high and never sell. So eff all the waiting for the dips to buy mentality. My DCA amount stays the same no matter how low we go, because that's how dumb the emotions and decision makings of my monkey brain are. The only thing that is getting my ...
300 Small US Banks Set To Offer Bitcoin Trading in Second Quarter of 2022
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Wiki continues to accept bitcoin donations despite pressure to stop
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Russian Central Bank Calls For Ban of Cryptocurrency Mining
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We're here to remind you that the US Congress will hold a hearing on the energy use and environmental impact of Bitcoin tomorrow.
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Bitcoin Is Currently Facing the Iceberg Illusion. Don't be fooled by the price stagnation, the Bitcoin revolution continues to strengthen.
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Breaking news: Google Cards To Store Bitcoin And Crypto: Report
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Craig Wright sues Bitcoin SV devs and demands coin access
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Jack Dorsey Backed Cash App Integrates Bitcoin Lightning Network
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You can now buy a house using Bitcoin as collateral with US mortgage lender Milo. - Milo Launches First U.S. Crypto Mortgage | Markets Insider
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Bitcoin is the way out
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FED are screwed either way. If they really want to fix the inflation they need much higher interest rates than 1-1.25%. If they bring up the interest rate to 2-3% they will destroy the market, housing market, unemployment will skyrocket. The only thing they can do is to continue printing and increasing the balance sheet. If they want to fix it they need to "reset the economy"(Great reset) or make Bitcoin the new gold standard. Submitted January 19, 2022 at 01:49AM by At0m11c https://ift.tt/3nF5WjL
How many Bitcoin critics spent 100 hours studying it?
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My co-worker doesnt think Bitcoin can hit 135k by 2024. So we made a bet. . .
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I made an engraved aluminium business card for my Bitcoin wallet. (actual speed no music)
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I'm all in bitcoin. I've removed all other crypto from my feeds, reddit subs, twitter, etc. The next day life was good. Nothing about other crypto. There is too much info and everyone is doing it. Bitcoin all the way. Do this and you will 10x your mental health.
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Using decommissioned nuclear aircraft carriers as bitcoin mining facilities in international waters
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Fun science fiction idea? You wouldn't need the plane runways anymore so you could just cover them with solar panels and put wind turbines at each end. You could still keep the helipad for emergencies. We already have satellites in orbit specifically for the bitcoin network. Tax free, solar/wind/nuclear powered, bitcoin mining! They could probably even put down anchors and get some hydro power too. Submitted January 18, 2022 at 04:00AM by halfapestyle https://ift.tt/3If6y7C
Sometimes the solution to your problems is staring you right in the face.
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This map shows distribution of reachable Bitcoin nodes in the world. Each one of these 10,000+ nodes has an entire copy of the network's ledger, with every single transaction ever sent recorded and accounted for. They enforce and validate the rules of Bitcoin.
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Was very excited to see this at a local gas station today! I didn’t get a chance to check it out too much but will do so in the future.
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Extracting the Private Key from Schnorr Signatures that reuse a Nonce
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386 Bitcoin Miner Laptop Should Earn $1 in 584M Years
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Tonga Tsunami - let's help our new BTC family member
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Tonga are making $BTC legal tender this year. Let's thank them and welcome them to the crypto family in the best way possible. Tonga's tsunami has made many homeless and in despair. Please donate to help them: https://www.gofundme.com/f/tonga-tsunami-relief-by-pita-taufatofua Legit fundraising page. I have no association with it or any Tongan organisation. I live in NZ and this is just a good thing to do for our neighbours and those less fortunate than ourselves. Thanks and peace to you all Submitted January 17, 2022 at 01:49AM by GreenGuppyNZ https://ift.tt/3rrkHYi
24 BTC were traded in Venezuela last week only using LocalBitcoin, around 8% of the total traded worldwide. Other exchanges used here are Binance (king by far), AirTM, Reserve among others. Still, monthly minimum wage is around 2 USD! AMA
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Just updating this week numbers, 24 BTC traded (around 1millon USD). Remember only measured with LocalBitcoin. There you can go BTC > Bs. (Bolivares, national currency) and Bs. > BTC. I'm a Venezuelan living in the country. The week before was 25 BTC, almost the same. Binance is king, the P2P option to go: From Bs. to USDT, BTC, BUSD, BNB, ETH, SLP (yep, you can go direcly from SLP to Bs), DAI and DASH and from these coins to Bs. Sadly, Binance doesn't offer the stats of the amound traded. But it is safe to assume Binance has absorbed all the amount that LocalBitcoin used to trade (In 2019 beween 5-10 millon USD were traded weekly, now it is around 1million). Some remarks: Four months ago, goverment removed six zeroes from the currency, meaning 1,000,000 "old" Bs. are now 1 "new" Bs. Today 1 BTC is around 220,000 "new" Bs. months ago it would have been 220,000,000,000 "old" Bs. Monthly minimum wage is 2 USD that is for publ...
This is the most important lesson for any hodler, young & old - in Bitcoin & life. Now listen to Al…
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Bitcoin up 150+% over the last 3 years
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2019: Bitcoin up 92% 2020: Bitcoin up 305% 2021: Bitcoin up 62% Total: 459%, or 153% average gain since 2019 I think these are going to be more of what we can expect in years to come, not the 50% drop in 2018 or the 1400% moon shot in 2017. Be humble, knowing you are on the right side of history, and expect 50-100% per year, and anything else is a gravy. You'll live a happier life that way. (However, I think this year will be over 100%. More like 2020 than last year, but don't be greedy.) Ask Gold bugs if they'd take 50-100% a year. Submitted January 16, 2022 at 07:31PM by TheFutureofMoney https://ift.tt/3txpbiM
Bitcoin millionaires are moving to Puerto Rico for lower taxes
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"They 'hacked' my account!". Nobody hacked you. If you have BTC on exchanges, just do this 2 things and you will be safe from "hackings":
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1) Use Google 2FA (never use text/SMS/phone 2FA). 2) Use the WHITELISTED withdrawal addresses list setting. This way ANY withdrawal can go ONLY to your own wallets. That's it folks! So simple and easy. If you haven't, do it now! Submitted January 16, 2022 at 10:36PM by simplelifestyle https://ift.tt/3FwyBNV
We’re still early - evidence
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Recently on a financial sub somebody asked how he should invest his money (didn’t remember the exact amount, doesn’t matter). I just proposed him in comments to have a look to bitcoin without saying he has to invest or something, just look. My answer got -10 votes within minutes and somebody commented: maybe 5 years ago bitcoin was interesting, it’s too late. I think this post gives an example how early we are and shows the general 0815 opinion about bitcoin. Have a good evening my friends! Submitted January 16, 2022 at 10:51PM by Cryptex3011 https://ift.tt/3twnVfS
The Bitcoin Rabbit Hole
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Hear people talk about it for some time, but brush it off Hear about it again and again, be intrigued Search "What is Bitcoin" - don't understand shit Invest small amount because why tf not Invest in other coins in top 50 because cool name and logo Yeah value go up, buy more Realize 99% off crypto projects will be worth nothing because of centralization Sell altcoins Begins to understand videos explaining Bitcoin Understands Bitcoin will increase more in price Why is this guy on YouTube telling me about economic history, I just want to learn more about Bitcoin Learns about history off money Learns about Bretton Woods-system, then the Nixon-shock Research wtf happened in 1971, naaah that can't be true wait, dollars is not backed by gold Understands Fiat money, naaah that's fucked up Become very interested in economics Thinks I fully understand Bitcoin now and there no more to learn okay there is much more to learn Studies game theory, network e...
If this aged like milk, how rotten has this guy gotten?
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Max Keiser says silver squeeze is "no longer a viable play, in my opinion." "I think the best movement is just buy Bitcoin."
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Inflation The Hard Way
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Pepsi guy came into my work, walked over to our vending machines and told me. “You might want to make an announcement- bottles are no longer $1.50. Going to $1.75.” Literally reminded me of hearing “Back in my day soda pop was .50 cents.” This happened right in front of my face. I feel violated and robbed. BTC fixes this Submitted January 15, 2022 at 07:46PM by ScriptedAutograph https://ift.tt/3KhPMX1
‘Astonishing’—An Investment Giant Just Advised Countries And Central Banks To Buy Bitcoin While The Price Is Low
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From Sand to Black Gold. Arabs understands the problem. Will Saudi and UAE buy Bitcoin in 2022?
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Rio De Janeiro Mayor announces that the city will put 1% of its treasury into Bitcoin
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Congress to have hearing on Bitcoin's energy use....oh boy....what kind of demonization, demagoguery and misinformation will this entail???
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Congress Announces Hearing on Bitcoin’s Energy Use - CryptoShameless So the hearing starts next Thursday, Jan 20th. Who's going to be the complete fool up there on capitol hill during these hearings? How much just total idiocy will Maxine Waters show? How about Brad Sherman? Pick your favorite idiotic politician! Submitted January 15, 2022 at 03:03AM by RonPaulWasR1ght https://ift.tt/3FyJsa6
I opened a company that rents private planes and accepts BTC 🙌
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I have been traveling the world for 5 years on a small income from my medical retirement from the military and met an amazing woman in South America. We just opened a private charter jet company (she has been working in this space for 6 years). And we proudly accept BTC. I once saw the power in using crypto when I paid for part of my stay at a hotel in Colombia where my payment hit their account in minutes. The banking system is too slow. And they have too much power over our money. I will be having meetings with other brokers and charter jet providers about accepting Bitcoin too. Crypto is the revolution this world needs and I love to be a part of this movement in a small way. Submitted January 14, 2022 at 10:15PM by Chrisjstevens https://ift.tt/3Kb4cIw
Bitcoin helped me quit smoking cigarettes.
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Bitcoin helped me quit smoking cigarettes. So for a year now I would DCA into buying Bitcoin instead of buying cigarettes. A pack cost $9 where I am at and I usual smoked that pack in two days. So I started buying BTC every other day instead of smokes. Got the idea from an older coworker who would put away $5 a day instead of buying smokes and buy himself something nice at the end of the year, usually a Rolex or some type of wrist watch. Well in the end I ended up with 0.0434 BTC in a year, and a lot in fees lol but it was worth it. Hopefully someone who’s been on the fence about quitting smoking reads this and gets the encouragement/ motivation to quit! You can do it! Submitted January 14, 2022 at 01:18PM by theSerotoninSqueeze https://ift.tt/3GsS5EB
Bitcoin set to be legal tender in Tonga by end of the year
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Bitcoin is digital gold. History if not repeats itself, it will rhyme. "Executive Order 6102" incoming!
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https://preview.redd.it/i5o29ekxmnb81.png?width=700&format=png&auto=webp&s=c25fe2c48eec3268d3b9c99dd34fb083e286ea25 The IRS revealed earlier this year that it has seized $3.5 billion in the fiscal year 2021. According to reports, the US government has seized 170,000% more cryptocurrency this year than it did in 2019. Jarod Koopman, director of the Internal Revenue Service's cybercrime unit https://news.coincu.com/47346-us-seized-1700x-more-cryptocurrency/ -------------------------------------------------------------- Executive Order 6102 is an executive order ) signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding ) of gold coin , gold bullion , and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917 , as amended by the Emergency Banking Act in March 1933. The stated reason for the order was that hard times had caused ...
[ANN] CypherpunkPay (a lightweight alternative to BTCPay Server) adds Lightning Network support
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CypherpunkPay is a self-hosted software for accepting Bitcoin donations and payments by individuals, merchants and organizations in a self-sovereign way. In contrast to Docker-based heavyweight merchant solutions, in its basic setup CypherpunkPay is just a single Linux daemon, installable and upgradeable with apt-get, the sysadmin friendly way. Today we announce basic Lightning Network support: CypherpunkPay can now be configured to use your existing LND, with full LN invoicing and payment tracking support. Your tips (however small) are very much welcome. Homepage: https://cypherpunkpay.org/ Basic setup: https://cypherpunkpay.org/installation/quick-start/ Optional Lightning Network setup: https://cypherpunkpay.org/lightning-network/quick-start/ Submitted January 13, 2022 at 08:19PM by CypherpunkDev https://ift.tt/3riQtXq
Bitcoin Hash Rate has reached 183 Exahash, a new all-time high.
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Bitcoin miner is lucky and earns 6.25 BTC by adding a block to the network by himself
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Cash App Set To Bring Bitcoin Lightning Network To Its 36 Million Users
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Looking to move? Arkansas will give you $10,000 in BTC to relocate there
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Turks Pile Into Bitcoin and Tether to Escape Plunging Lira - WSJ
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The number of transactions Bitpay process is so low, that a single of BTCPay user is already doing 25% of their total volume! You all did good job boycotting services who uses Bitpay! :p
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Is inflation actually 7%? CPI is a terrible measure of inflation
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Jack announced the Bitcoin Legal Defense Fund on bitcoin-dev mailinglist
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Understanding the upcoming inflation and why it wont be transitory !
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You have probably heard of the money printer going BRRRRRR during the pandemic and the currently high inflation resulting from that. You may have also heard that the US federal reserve Bank (FED) and probably also the European Zentral Bank (EZB) are going to raise interest rates in the coming years to put everything to normal. This is what central bankers and high ranked politicians currently want you to belief, maybe some of them believe it themselves but it doesn't change the fact that it is a straight lie ! We are about to witness an unprecedented inflation period affecting the entire western world. To prevent the whole system from collapsing, these authorities are doing the only thing they can. It is necessary to stretch this period over several years keep the masses calm during the process of devaluation. This is why they assure you: it is only transitory / we are raising interest rates and this will fix it / ... and so on. Sadly this is complete BS. Here is the real situa...
Private cryptocurrencies and a US central bank coin would be able to coexist, Fed chief Jerome Powell says
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How many of you are actually using bitcoin as a retirement fund? As a millennial I feel like this is the best investment for the long term!
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History has shown us from time to time how great it has turned out if a dollar was invested 10 years ago. An asset class coming from less than a 1c to reaching a 69K$ mark is just insane and with its halving , low supply and higher demand just makes the best investment class available for everyone out there. Keep investing Submitted January 12, 2022 at 07:16PM by FunnyAggressive5781 https://ift.tt/33okU6m
For those of you new to buying bitcoin, now is when you buy bitcoin. Buy low, sell never because a decentralized currency is the way of the future.
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Lessons I’ve learned after 7 years of hodling.
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Back in late 2014 I bought my first coins, here’s what I’ve learned since… Hodling is simple, but it isn’t easy. When you get rich very few will be genuinely happy for you. Try to keep your success as quiet as possible. Consistency is key. DCA + smash buying helps soothe emotional volatility. Have a plan and stick to it. The mainstream news is always hilariously wrong about bitcoin. Shitcoins are a high risk / high reward proposition. DONT TRADE. But If you are going to trade you need to measure your performance in bitcoin terms. Mining is a profession, not a hobby. Frugality is paramount. If people aren’t laughing at your lifestyle, you probably aren’t hodling or stacking hard enough. Submitted January 11, 2022 at 07:52PM by Hodlbitcoins https://ift.tt/3ncJzly
Started investing in BTC at 19k on the latest bull run. Told my four closest friends to get in. They ridiculed me. Today 3 of those 4 friends are now invested in BTC. Bullish!
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If Bitcoin goes under 30k I will invest every penny I have on Bitcon!
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Coaster for my Bitcoin table I’m making (Table still not done)
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Salvadoran Bitcoin miners powered by volcano geothermal.
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I've lost all morality when it comes to orange pills and bitcoin advocacy. All of it.
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I click the hear t or like buttons to support flagrant bitcoin propaganda films I downvote anything on this sub that calls bitcoin "crypto" or suggests vehicles designed to separate people from their bitcoin, like trading, leverage, bitcoin branded debit cards, or paying taxes on it I'll embrace Garry Gensler and his anti-shitcoin SEC regulation I'll happily promote Senator Lummis' pro-bitcoin anti-shitcoin legislation due out this year I tip thousands of Sats to any post where I sense violence behind someone's bitcoin support I encourage bank loans of all types to acquire more bitcoin, an asymmetric move I consider a re-interpretation of Fight Club's ending I gift Opendimes, hard wallets, and bitcoin producing hardware to children I gift Opendimes to ESG people that are against bitcoin forcing them to learn and use it I pay students to bring up bitcoin in class and to hold orange pill sessions after I donate nodes I stamp all paper USD bil...
Caitlin Long sounds the alarm on paper Bitcoins: "there are more paper promises to bitcoin, than there are actual bitcoin."
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Napoleon Bonaparte once said: "Never interrupt your enemy when he is making a mistake." If you'd like to laugh at how badly the British banking system is doing, read on. (p.s. all of these articles are from the last *28 DAYS*)
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13 December 2021 NatWest fined £265m after bin bags of cash laundered Source: BBC News ( https://www.bbc.co.uk/news/business-59629711 ) 17 December 2021 HSBC fined £64m for anti-money laundering failings Source: BBC News ( https://www.bbc.co.uk/news/business-59689581 ) 30 December 2021 Santander: Bank hands out £130m in Christmas blunder Source: BBC News ( https://www.bbc.co.uk/news/business-59826345 ) 4 January 2022 Nationwide customers face more payment delays Source: BBC News ( https://www.bbc.co.uk/news/business-59871275 ) Submitted January 10, 2022 at 03:15AM by BTC_sha256 https://ift.tt/3GaovUc
Is 0.28 BTC still an noble/achievable goal for the average person?
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In terms of long term wealth building, eventual payoff, and safety net? The 0.28 number seems to always be thrown around, but is there a consensus on whether it's still relevant? When people ask me questions about BTC, I always respond with "one if you can afford it, or as much as you can until then," but this doesn't seem to stick with people as much as exact numbers. I try to never give investment/financial advice unless people directly ask for it, but of course when it comes to Bitcoin people are either fascinated or laugh it off. Is 0.28 still a number worth bringing up as an achievable goal for newbies? Submitted January 10, 2022 at 08:16AM by creativeoutlaw44 https://ift.tt/3GaXGPF
This dip is a blessing for those who believe in ₿Itcoin’s long term value
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If you actually believe in ₿Itcoin’s inherit value in a world of infinitely printed fiat with a user-base growing at twice the speed of the internet’s user-base growth, a majority of all are dollar cost averaging their income of infinitely printed fiat into ₿Itcoin’s finite Satoshi supply, then you love these dips. “The ignorance of the majority is your opportunity.” There are corporations and nations adopting it. This is bigger than any sights I saw of Bitcoin’s potential of success ten years ago, so I’m even more excited about its future now than I was then buying the dips and subscribing to this model of though. So take advantage and buy while the world is ignorance. All this now means today is that you’re still plenty early. When Bitcoin’s drops are only ten percent from its all time highs, that’s when you know you’ll be late ish and it’s returns long term will be no where near where it’s long term returns are today Satoshi speed new guys and OGs. Let’s use the world’s ignoran...
Forgot my old wallet, turns out it had 1BTC inside, HODL = WIN
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Found the seed of my old wallet (before coldstorage) I'm ecstatic, I thought I emptied everything our to my cold wallets Value in 2020 was just under 10k, value now it's over 40k! 30k profit just by hodling (forgetting ;)) your coins. Why are people being scared they'll lose some fiat? Just wait 2 years and check your assets again. If you don't convert you don't lose, it's that simple! https://preview.redd.it/bjxx9z02jma81.jpg?width=981&format=pjpg&auto=webp&s=9b7b93d08b5dda80461ddca081a1306ac8d4defa Submitted January 09, 2022 at 01:24PM by kievminer https://ift.tt/3HKxjjW
Just discovered an old Coinbase account from 2014!
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I recently remembered I had an old Coinbase account from 2014 that I used to buy things. Completely forgot about it until today. I had to recover the account with a new email since the old email was no longer supported. I logged on today and!…. I left 455 sats on there worth about $0.19 USD 😅 Man what a rollercoaster ride! Hahaha just gotta laugh these things off I guess. Submitted January 09, 2022 at 06:15AM by Big_Papa_Bear_ https://ift.tt/3n7cUxq
“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.” – F.A. Hayek 1984
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Airbnb may implement bitcoin and cryptocurrencies payments in 2022
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Bitcoin Developer Said Ethereum CoFounder 'Vitalik Is Either Delusional Or A Lying Scammer'
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On January 8th, 2009, Satoshi Nakamoto released the first code of Bitcoin v0.1 onto the world.
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Serious Discussion: what will it really take to accelerate mass adoption?
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It took the lemmings over a decade to start using email. I’ve heard stories of people getting their secretary to print their emails out for them. Then they write their reply for their secretary to respond to the sender using her boss’ email. How many lemmings out there even understand the global debt based fiat monetary system before they even have a rudimentary understanding of blockchain or Bitcoin? For example, some of them don’t even know how to properly use Microsoft Teams or SharePoint and we expect those same people to know how to use a Ledger hardware wallet? Essentially, IMHO I think the only way we get mass adoption is when people use Bitcoin by default because they just don’t know any better. Would appreciate any thoughts, perspectives, or ideas on this. Edit: I understand that using the term “lemmings” is a pejorative and insulting to some. I only use it out of frustration as these are the same people that laugh at, insult, and look down upon with disdain and derision...
Should every person in the crypto market buy bitcoin by default?
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Bitcoin is acting in a cyclical manner…ups and downs, like Wall Street, like Oil, like Cash…nice! But why hasn’t Real Estate dropped?
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Bitcoin as a retirement account?
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I am 31, and wondering if anyone else around this age has chosen to not put money into a retirement account at work and instead put it into Bitcoin instead? Obviously this isn’t a very traditional or risk-off approach but I believe in this thing and I think it could work. It’s been amazing watching Bitcoin transcend into society over the past year. Or if not retirement, do you do anything against the grain or that is not very common with Bitcoin that you don’t know anyone else does? Submitted January 08, 2022 at 02:00PM by Colombian_Meatsmoker https://ift.tt/3HPV1LL
My friend paid a guy 8k to create a new cryptocurrency for him… what are the odds this isn’t a total scam?
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Bitcoin predicted to 'crash' in 2022 as experts warn investors to pull out. BULLISH
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The Fed has printed 35x more dollars in 50 years - so why haven’t we seen hyperinflation?
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"BTC is a fool theory type investment." - Bill Gates.
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How I Opted Out of Fiat
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Been seeing a lot of threads the last couple of weeks about people wanting to opt out of fiat but not sure how. Thought I'd share my experience. It might sound more like prepping, but this is what I did to be able to transition out of the fiat system for the long term . Might not work for everyone. My experience is a culmination of what I learned from the North East Black out in 2003, GFC in 2008, Hurricane Sandy in 2012 and Hurricane Irma in 2017, and of course more recent events. 1. Get out of Consumer Debt Debt is slavery. Do whatever you can, as fast as you can, to get out of debt. The only debt I've ever taken on was student loan debt and got out of that as fast as I could, but I've seen people get wrecked, and I mean to the point of breakups and near suicide, because of how much debt they've taken on. Those suggesting that you can "borrow" against your bitcoin... Unless your a financial savant and can predict the future... 2. Build a Base Food...
Binance buys the dip adding over 43K Bitcoin to wallet
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Goldman Sachs: Bitcoin is Slowly Taking Gold's Market Share
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This guy has a magical skill to predict where you should go and buy more Bitcoin. Go on and HODL
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I analysed all the BTC pullbacks of the past 15 months
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I analysed all the pullbacks from ATH's to local bottoms of the past 15 months and figured out that the current pullback, about 38% from BTC's latest ATH is quite a normal thing to happen. There have been smaller and larger pullbacks in the past but this one s fairly standard. Plus, it appears that BTC is going through a Wyckoff accumulation phase and the latest drop appears to be a test of supply whereby the price usually drops to the bottom of the trading range as set by the first selling climax which occured on 4/12/21. So following the text book and the usual patterns the price should continue to go back up again soon. All BTC pullbacks of the past 15 months Submitted January 06, 2022 at 11:39AM by PaperProfit https://ift.tt/3F0mBUs
Me After Living Through Multiple 50-80% Bitcoin Dips.
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Should the Bitcoin Community Start Emphasizing Satoshis and the Price of a Satoshi?
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A common complaint among newcomers to Bitcoin is the price is too expensive and they can never buy a whole coin. It's staggering how many people don't realize you can buy fractions of a Bitcoin. Since a Bitcoin is 100 million Satoshis, the total number of sats is 2.1 quadrillion. Which is comparable to how many coins are on popular dog meme coins that shall remain nameless. The current conversion of $1 to sats is: https://preview.redd.it/9k82fw5olx981.png?width=580&format=png&auto=webp&s=0b31f8d988db140c7051aa740f71553cf0e10710 Psychologically, I think it feels better to purchase 2,258 satoshis than 0.00002258 BTC, even if they are mathematically the same. Since this community keeps telling people it's still early, maybe a push should be made to emphasize sats and how many sats you can buy for a dollar. Submitted January 06, 2022 at 01:50AM by escodelrio https://ift.tt/337StJB
The Great Readjustment: understanding where we are and where we're headed
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On November 10th, 2021, Bitcoin reached a high around $69,000. As I type this, the current price is $42,948. But this post isn't about the price. It's about where we are and where we're headed, in terms of the 4 year halving-to-halving cycle. We're almost halfway to the next Halving. You probably know what the halving is. Let's talk about the effect the halving has. Every ten minutes, a miner wins a block reward, and that's a big deal because block rewards are the only way new Bitcoin is created. Right now, the block reward is 6.25 BTC. Thus, every ten minutes, 6.25 BTC is created and awarded to a miner. In May 2024, the block reward will be cut in half, to 3.125 BTC. That doesn't sound like a big change unless you're a miner, but add up the block rewards over time and you'll see how much of a difference the halving makes on the supply of newly mined coins hitting the market: 6.25 BTC are mined every ten minutes (roughly). This is the current ...
Bitcoin is down 10 percent this year in the first 5 days
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Anyone else experience this? Told my friend at work about Bitcoin, he was really fascinated by it as an inflation hedge. Came back the next day with a bunch of shitcoins but no Bitcoin.
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Adding exposure to Bitcoin in my 401k/Roth, Def want to go all in but probably won't, what percentage do you guys like to allocate?
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El Salvador to Move Forward With Issuing Bitcoin Bonds: Finance Minister
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If we repeat 2013 to 2017, this is what it would look like. The first image shows the brutal path to $100k. The second image shows a post halving mania run. Could you hold to $100K? After it hits $100k, would you hold and enjoy the next rally? This is why holding is so brutal.
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Latin America to Become The 2022 Bitcoin Mining Giant
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Stop being A$$holes
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This needs to be said here. Bashing people for not understanding or adopting BTC like you might doesn’t help to turn them in your corner. More BTC people need to think about this as getting people “over to your team” and realize people will have vastly different reasons than yours on why they adopt BTC. And that’s a good thing. It only strengthens BTC. So cheers to getting more people orange pilled for whatever damn reason they choose and just wish them luck on their journey! Submitted January 04, 2022 at 05:11PM by JTennant83 https://ift.tt/32LcLZL
59 Companies and Several Countries Are Holding A Total of 1.49 Million BTC
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BTC Holding Nicely above $45k
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BTC has hit $45,XXX as its lowest price on 7 daily candles since December 12th. Each time it fails to break lower than $45k. Lowest daily levels for those days: Dec 12 - $45,727 Dec 16 - $45,469 Dec 17 - $45,515 Dec 19 - $45,568 Dec 29 - $45,938 Dec 30 - $45,650 Jan 3 (today) - $45,700 Feels like a bottom is forming around the $45,500 mark (approx). We are testing it again today. Should be interesting to see if we fail to break below that level again today. Data from CB Pro. Submitted January 04, 2022 at 02:40AM by Major_Bandicoot_3239 https://ift.tt/330fbDG
Italy Top Bank, Banca Generali Adds Support For Bitcoin
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Quite good Forbes article without any FUD - How Bitcoin Is Giving Elderly El Salvadorians A Reason To Smile
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BTC has set me free
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I have sold my sats for a very important reason personally, to completely eliminate all my long and short term debts. Now I am completely free from the shackles of the Fiat regime. I plan to continue to accumulate sats, and be my own bank moving forward. Every month a significant portion of my fiat salary will be invested into BTC. This community is great, cheers to you all! To celebrate this milestone for myself, I have purchased a Bitbox02 and I plan on building my own node! Submitted January 04, 2022 at 01:45AM by MillerNPR https://ift.tt/3zlhywX
'Suspicious': Dallas Detectives Seize $100k from Woman at Airport Without Charging Her With a Crime
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Turkish Lira (TRY) is the 29th largest currency in the world and its likely to enter hyperinflation. Never realized it was so large
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Jack Dorsey VS Web 3.0: Why Twitter’s Founder Is A Bitcoin Maximalist
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Lost backup copy of seed words
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I wrote down on a piece of paper my seed words and gave it to my parents for safe keeping last year Incase my house burns down etc. They live in another city, I was visiting for the holidays as I was last year when I put the piece of paper with the 24 words on it in their filing cabinet in their home office. They have since cleaned it out and don’t even remember the conversation last year about me giving them a copy. So now what? I have all my BTC stored on a ledger nano, could I simply just buy a new ledger and transfer from the old one to the new one? Then I’d be good to go with the BTC stored on the new ledger with the new seed words right? I still have my copy of the seed words. Any input is appreciated Update: FUNDS SECURED thanks everyone Submitted January 02, 2022 at 02:15PM by haxbyville https://ift.tt/3zfzJUN
MicroStrategy closes the year and buys another $95 million worth of bitcoin
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Rolling old pension into BTC.
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I have a small pension that I'm considering rolling over to BTC. If I kept it in the pension Id get an additional $512/mo till I die beginning at age 65 (many many years from now. ) If I theoretically lived till 100 it'd net me just over 215k maximum payout. Right now if I withdrew what I have in I could buy .65btc. To break even with what the pension would offer I'd need btc to hit 315k each. Its not my only crypto or retirement, I'm just seeing what the general consensus is if it's worth the risk or not. *Before it's brought up the pension is safe (no risk of not being there) and will be there when I retire. And taxes have been factored in *****Update: After reading the responses what are your thoughts on this: The $ in the pension is averaging about 8% compounding interest. Would it be wise to put half of that $ it into my 457b that's averaging 15-16% growth a year (that way the $ from the pension will roughly recoup itself) and then put the other ...
Lightning Channel yield as the new “risk-free” reference rate (in the future)?
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MicroStrategy Remains One Step Ahead With $94M Bitcoin Purchase
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Good habit to have
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We have a saying in Hungary: be careful what you do on the first day of the new year, because you will be doing it the whole year long! I have bought some Bitcoin, that means I will continue buying for at least the next 365 days. I'm also selling a rental flat in January, had to wait until this year for tax reasons. 2/3 of the selling price is going to BTC. Good luck with your endeavors for this year, I wish all of you lots of happiness, health and sats! Submitted January 01, 2022 at 09:47PM by Nemozoli https://ift.tt/3FNEk2H
El Salvador President Nayib Bukele Predicts Two More Countries Will Make Bitcoin Legal Tender In 2022
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You can easily run a full bitcoin node (not to be confused with a miner) using a raspberry pi and a 1TB SSD with Umbrel software
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Hello, I wanted to share my experience setting up a full bitcoin node and how easy the experience was for me. If you have these components laying around or can afford to get a 16GB+ raspberry pi kit, USB to SATA cable, and a 1TB SSD, you can run your own full node and have access to the bitcoin blockchain without the help of a third party (ie an exchange or wallet app) as well as helping with decentralization of the network and securing your investment. All I had to do was follow the raspberry pi assembly manual and watch a 6 minute YouTube tutorial on how to install Umbrel software to a microSD card. I'll admit I have a little more technical knowledge than the average Joe, but with a little bit of patience, troubleshooting, and a handy search engine, anyone can figure it out fairly quickly. The process essentially involved putting together the raspberry pi, hooking it up to my internet and a spare monitor (in my case an old TV monitor), downloading the umbrel software to a mi...
BIP39 Seed Word Entropy visualized (odds of someone guessing private key seed phrase assuming it has randomness)
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In honor of Hal Finney, the inaugural Running Bitcoin Challenge is Jan 1-10
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This is coming and it will make spending bitcoin effortlessly easy.
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Samsung have a track record of partnering with innovative payment companies and they are very pro bitcoin. Samsung has two cool apps, Samsung Pay and Samsung blockchain wallet. But these two combined can create something magical. Samsung Pay partnered directly with Visa allows Samsung to issue Visa credentials that can be used to pay anywhere Visa is accepted. Samsung Blockchain wallet partnered with Binance allows instant liquidity into fiat and stablecoins. Take those partnerships and combine both the Samsung blockchain wallet and Samsung Pay app, and what you get is the ability for every Samsung user on earth to be able to send bitcoin to their Samsung blockchain wallet and then anytime they pay with their Samsung Pay app their crypto is live converted and used to fund the transaction. Soon every Samsung phone will become a bitcoin payments device by default. Submitted January 01, 2022 at 07:55PM by slvbtc https://ift.tt/3eF8dX0