Here it is...
https://ift.tt/MjYR01A Submitted July 01, 2022 at 12:02AM by ErosTHE https://ift.tt/YEvPDFl
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Showing posts from June, 2022
BlockFi is bankrupt.
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> BlockFi previously had a valuation of 4 billion and raised 500 million in series E funding. > BlockFi was later valued at 1 billion. > BlockFi is being sold to FTX for 25 million. If you still have funds in BlockFi, take them out. Now. Submitted July 01, 2022 at 01:08AM by DudePotato3 https://ift.tt/8Tx1Awf
VIDEO: GBTC Grayscale Bitcoin Trust Sues the SEC After Rejection of Their Spot ETF Application | 6/30/2022
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Fed Chair Jerome Powell: We now understand how little we understand about inflation
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If bitcoin were to consistently rise in value over time, why would anyone ever spend it? Isn't this a problem for Bitcoin-as-currency views?
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I think this is a fundamental issue for Bitcoin as a currency. If it were to increase in value by a significant amount on a regular basis -- even "just" 10% per year -- why would anyone ever spend it? The USD decreases in value by 2-3% each year, so people have incentive to spend dollars rather than hang on to them. But an appreciating currency creates the opposite incentive. So why would people ever use Bitcoin as a currency? Edit: To clarify, I'm asking why people wouldn't just spend their USD -- a currency that is going down in value -- instead of their BTC. Submitted July 01, 2022 at 12:01AM by gravcycrunnow https://ift.tt/BgSjV3D
Buttcoiners have been waiting since 2018 to feel good again
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Breaking: SEC Rejects Grayscale's proposal to convert the Grayscale Bitcoin Trust to a spot ETF.
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Describe Bitcoin in 1-2 sentences in the most impactful way possible
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Michael Saylor’s MicroStrategy doubles down on Bitcoin bet with new $10 million purchase
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Libertarian Party on Twitter: #Bitcoin has lost 25% of its value since 2010, proving it a total scam. Wait, no, that's the US dollar.
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Fear of FIAT collapse
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I made a comment on a post in r/personalfinancecanada and the post was about someone asking if they should be saving in Canadian dollars with such high inflation. All I said was how due to currency debasement and the problems with FIAT currency, one should not save in FIAT and only have 3-6 months of expenses in FIAT and invest the rest. I said how I think we have entered an inflationary period and it's going to get worse. I never mentioned Bitcoin or suggested it and the amount of downvotes and backlash was very interesting. One guy checked my account and said "ah the average wisdom of a r/Bitcoin member" or something like that. It was just very interesting to see people's defense toward FIAT and the amount of hatred towards Bitcoin. I guess they just have so much trust in the system that when someone says otherwise they get defensive. We are so early Submitted June 28, 2022 at 10:58PM by msamuelem https://ift.tt/7CVjYJI
Explaining bitcoin when it was worth only $100, to an empty room.
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If you understand what is happening in Lebanon, you'll understand why is Bitcoin so important.
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In Lebanon, corruption has been rampant for many years, the corrupt politicians have not only stolen and continue to steal the countries resources, but they have also completely stolen people's livelihoods. In Lebanon, millions of people have lost access to their life savings, people who once had tens of thousands of dollars in the bank, have all but lost it. When people go to the bank to access their money, they are hassled and denied access. If you for example want to withdraw $100, they will ask you why you need this much? What will you do with this money? No matter what answer you give, they will always give you less, $20 is all you will get today. If you want to check your balance, they will look at it, but will not allow you access to that information, and sometimes they even use fake data. Access to retirements and savings is all but gone, and what you can access is at the discretion of the bank. This is mainly because the money has all but been stolen, and not there, so...
Every time someone says "Tulip Mania", I just stop engaging and walk away.
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I try to have rational conversations with people about Bitcoin and blockchain technology. I can debate pretty much everything except as soon as someone mentions tulips i am all set with them. I feel the conversation goes from me talking from a place of all my years of experience and learning about the technology to someone regurgitating something they saw on TV and thinking it makes them sound clever and they really don't care about what I have to say to begin with. Submitted June 28, 2022 at 04:55AM by skydiveguy https://ift.tt/6xnDHzg
Fan art generated by DALL-E: "A stained glass mosaic window with Bitcoin symbol in the church"
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Just started working as a Bitcoin Mining Technician at a huge Bitcoin mining farm in Ohio, USA. AMA!
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Effective June 14th @compass_mining facility hosting agreement in Maine was terminated by dynamics2k for failure to pay power consumption charges. 6 late payment and 3 non payments.
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Wells Fargo reports bitcoin is nearing an "inflection point" for the "hyper-adoption phase" similar to the internetđ in the mid-to-late 1990s.
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% of people that truly understand how and why bitcoin works?
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Out of 100 people that know about bitcoin, or think they know about it, how many truly understand it and how it works and why it was created. I would submit the number is low. Like 5%. I know a lot of people that talk about it, but they don’t really understand how it works. Don’t you think when people truly understand it, it will catch fire? Submitted June 27, 2022 at 02:33AM by Shibarmy4life https://ift.tt/muLRsB2
“Bitcoin is crap, better to hold US dollars, it’s safer”. Now vs US dollar value in 1950:
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CBDCs are about one thing: absolute central control and management of all citizen transactions. That's why they hate Bitcoin
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Another article calling Bitcoin a scam… and it’s behind a paywall đ¤Ś♀️
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Is the current purchasable supply of bitcoin higher than available bitcoin?
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Hey all, I heard this idea in a podcast I watched and it got me thinking. Given the situation with some exchanges having to stop withdraws gives the idea that some exchanges are fractional reserves. Does that mean there are some fake-bitcoin out there that exchanges have promised that don’t exist? I’ve been thinking about the stock-to-flow ratio predictions. Of course, models are never the complete truth. Regardless, it is an interesting way to think about bitcoin price. If there is greater supply being bought and sold, then that would artificially increase the supply and artificially drive down price. So, not only is bitcoin on sale because of the bear market, but it is on sale because exchanges are being fraudulent. Any thoughts here? Submitted June 26, 2022 at 10:58PM by Duford6 https://ift.tt/XcpiuwJ
38 high school students in El Salvador received their Bitcoin diplomas yesterday
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I finally did it. Operation One Whole Coin is now complete.
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Get your bitcoin off of exchanges! Coinflex halts withdrawals.
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My long term view of bitcoin
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I don't care about the short term, daily/weekly/monthly/yearly ups and downs. This is the wrong way to think about bitcoin. I don't care about the other coins trying to hang on the coattails which have spawned from the real innovation. This is the wrong way to think about bitcoin. I don't care about investing in bitcoin to 'get in low and sell high'. This is the wrong way to think about bitcoin. But I do believe in bitcoin, the protocol, the philosophy, and am convinced it will become an important, integral part of the global financial system system over the long term. Bitcoin is both mathematically beautiful and offers real world practical improvements over systems that have been around unchallenged for too long. I'm not a whale. Not a sage. Not an expert. I may be wrong. But I believe there is light here. Submitted June 25, 2022 at 05:52PM by SaddleBishopJoint https://ift.tt/XpmLf6b
Even with CeFi collapsing around us, has half the community forgotten why Bitcoin in the first place? Remember 2008? CeFi are just BANKS but w/o depositor insurance. NYKNYC
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Creating a situation to find out how much this sub believes in Bitcoin
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Let’s supose you find an old Pendrive somewere in your house, plug into your computer and suddenly remember you bough some Bitcoins 10 years behind. There’s a TXT file with a seed phrase, wich lead you to a Wallet filled with 10 Bitcoins. What would you do with the vast majority of those Bitcoins? Would you sell? Would you keep them? I say "vast majority" because we can all agree that selling at least, a little bit of those bitcoins to create a more confortable life is the most recommended option. But after that, what would you do? Submitted June 25, 2022 at 01:49AM by RafaelSwi https://ift.tt/HjJ5I0t
Nasdaq: Bitcoin Uses 50 Times Less Energy Than Traditional Banking
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My Visual Representation of SHA256 (criticism most welcome)
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What are your thoughts on Michael Saylor and his hyper-bullishness?
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I am wondering what others think of Saylor. Does he hyperbolise ‘predictions’ deliberately, or are they genuine? I saw he said in 2012 that Apple share will go to $2000, I think it has exceeded that taking into account the split (so cap wise). Thanks. Submitted June 24, 2022 at 02:04AM by Leading-Fail-7263 https://ift.tt/QA2KDzm
Charles Hoskinson Advises Congress On Crypto Regulation, Highlighting Transparent Nature of Bitcoin
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if you make a mistake in new bitcoin type address (taproot) wallet won’t send anything, very smart and simple design
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A year ago I was scalping a dog coin. I think I just went BTC “Maxi”. Yep, yep… I did.
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Let's focus less on Bitcoins Price and more on actual adoption.
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Almost every post right now is about will it go down more or when bull market? Let's focus more on utility and adoption instead. Bitcoin without merchant adoption will remain a speculative asset. A store of value at the most. Submitted June 23, 2022 at 03:23AM by CryptoMinimalist https://ift.tt/rzPbBmV
Inflation is good and even necessary. Do not consider the mathematics of this policy. Do not question your money masters. All is well, go back to work now. The money must inflate and economies must grow, forever. Do not analyze these economic policies, just obey. -The money Masters
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Deloitte and NYDIG Announce Alliance to Provide Banking for All With Bitcoin
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Colombia just elected a new PRO Bitcoin president - Gustavo Petro
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A guy in front of the Federal Reserve painting the Federal Reserve on fire.
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Bitcoin / Crypto machine in Italy, first time i am seeing it… wanted share.
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PSA: Crypto was originally short for the Cryptography, not Cryptocurrency.
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MIT says "Bitcoin may not have much of a role to play in the monetary future."
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Sold my BTC for $120...
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First post here, but I want to address some of the sentiment I've seen with this crash... Backstory: When I first bought BTC, I saw it as a risky investment and was excited to get a 50% ROI. When it quickly jumped from $80 to $120, I sold all 40, and it was the easiest $1,600 I ever made. I do not regret that I could have pulled millions at ATH, because 50% is a great return on a short, volatile, risky investment. I later bought back at ~$10k, $20k, and $30k, because I learned over time and came to believe in the underlying technology and the ability for cryptocurrency to change the way money works. Since then, I have watched every rise and fall, every meme of the vertical roller coaster in both directions. I don't DCA (although that's wise), just hold. I saw the price hit $70,000, now I am curious if we will see sub $10k or even $1k. But, if it goes to zero, I lost it because I believe in a concept that may not work out - no regrets. So, recent entrants to this game, s...
Bitcoin mints more than 13,000 ‘wholecoiners’ in the past seven days Bitcoin at a rapidly increasing rate.
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Small wallet addresses–those containing 0.1 Bitcoin or more–continue to accumulate. Bitcoin wallet addresses containing one BTC or more increased by 13,091. The total number of “wholecoiners” surged to 865,254. The number of whole coiners has rocketed during the downward price action Submitted June 20, 2022 at 05:10PM by Kyrie-belier https://ift.tt/JsV8Hzw
50 years later when people owning BTC start to die, a lot of BTC will be unusable and lost forever in the cold wallets
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Bought 179k worth of Bitcoin at 53k - no regrets. Big newbie move
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Here to make everyone feel better about their situation. I'm not rich - nor am I in the top 10 percent of income earners. I had some cash mostly left behind by my wonderful grandparents and my own money as well. Got greedy when I was up 20k in March and bought more. Learned a valuable lesson. When you watch your portfolio drop past 50 percent it has an affect on you. I'm at the stage where I've accepted that this was meant to happen as a learning experience but it also solidified my determination for long term savings. Ultimately it's a good thing because I would have spent the money on bullshit had I sold my gains before the crash. I'm now taking a 10 year view on this technology. I hope to god that I'll not need any of it in the near to mid future - that's the only thing I worry about on occasion but at the same time I've always worried about retirement and having nothing in the bank when I'm too old. See you guys on the other side. Submit...
So, serious question... if this crash is how Bitcoin responds to a looming macro downturn/recession, where the heck are we safe to put our money?
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I've been in Bitcoin since 2014. I've seen the ups and downs and rode the rollercoaster all this time. This crash has me a little bit spooked though, I will admit. Bitcoin was made to have strong and incorruptible monetary policy, in the face of easy money. With the way things are going, it seems like we're seeing things unravel in the global economy pretty much as Bitcoiners have been predicting since the beginning. And yet the price of Bitcoin takes a massive shit as this drama unfolds, and we're all wondering where the bottom is, if it can be found at all. It's as if you have Rocky training for years and years for the big fight, endless montage, he's fucking shredded and ready to rumble. But when he gets in the ring, he shits his pants and cries. It just seems like these are the conditions that we've all been preparing for, but it's just not going well so far. We put our money into Bitcoin to have strength in the face of a financial downturn, but...
PSA Please move your bitcoin off of exchanges and into a wallet.
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I know that 90% of this sub understands this so if you do, I'm sorry to spam and there's no need to interact with this post. For the newbies I urge you to move your bitcoin into a decentralized wallet. You don't actually own any bitcoin on these platforms. In simple terms, it's an IOU from these exchanges to grant you your bitcoin. One of the advantages of bitcoin is that you are essentially your own bank. This also means there's no FDIC to ensure you get your money in the event of bankruptcy. I would hate for anyone to lose their hard earned money, especially from no fault of their own. Don't put your faith in these exchanges, none of us know their true legitimacy and protection. Setting up a wallet is much more simple than you may think. Visit bitcoin.org and it will literally walk you through the process. 5 minutes later and you'll be good to go. Ideally, you would want to get a hardware wallet, but this does require a purchase. I'm mostly speaking t...
Bitcoin does an amazing job of flushing out gamblers every few years. No bailouts.
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Monster amounts of BTC coming off Coinbase. Bitcoin decentralizing. This washout and deleveraging event is just beautiful.
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2022 S&P 500 companies year-to-date. And people attack Bitcoin like it's some kind of isolated failure.
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It happened: bitcoin just went below its all time high from 2017.
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After Satoshi Nakamoto posted this 12 years ago today: 35,700 tons of gold have been found, $13 trillion dollars have been printed, and yet there is still only 21 million bitcoin.
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Counterindicator and stock pumper Jim Cramer says "I think Bitcoin goes to $12,000."
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Kraken is Still Hiring and HODLing Bitcoin During Bear Market, says CEO
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$22.5 million Miami Beach penthouse was purchased using cryptocurrency — making it the most expensive property to ever be paid for using the digital currency.
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It's buying time for the first time today since March 2020
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Why is this so profound?
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I have been studying bitcoin for several months now trying to find any evidence or flaw in the design and history of this technology. The further you go down the rabbit hole, the more certain you become that BTC has the potential to change every facet of our current society and culture. The consequences of ingrained unquestioning of the monetary system has been all that we know. Repeated cycles of boom and bust whereas each bust is a bit worst than the previous one. Crisis after crisis, we find a way to generate more credit and kickstart the boom cycle to avoid short term pain and systemic collapse. We have existed only knowing an inflationary way of doing things. More credit, more consumption, and more capital that constantly loses its purchasing power are all supposedly the signs of a healthy economy? How come we assume as truth that a 2% inflation target is what a healthy economy needs? Are we really that confident deflationary capital that incentivizes us to save rather than spen...
Just a little perspective for all of you that are going though a dip for the first time.
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Bitcoin Consumes 5500% Less Energy than Banking, New Studies Show
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Bitcoin came within a few hundred dollar’s of the 2017 cycle’s high last night đł potential bottom?
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100$ in bitcoin for most upvoted comment
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Since my last post I’ve gotten over 70 chat requests, mostly people begging me for money giving me life story etc. I will give $75 in bitcoin away 24 hours after this is posted to the most upvoted comment.25$ to the most downvoted. I’ll do this once a week as long as bitcoin is under 25k Edit- if we have multiple ties, I will let the mods choose a winner in comment. Edit- mod who was messaging me please DM I lost the chat. Submitted June 16, 2022 at 02:40AM by angrysatoshi https://ift.tt/wyugodR
Not your ship, not your gold! Thieves disappear with 20 shipping containers full of gold and silver ore
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Michael Saylor talks about Bitcoin's market downturn on MSNBC
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BTC is powerful… saw this at my local coffee shop today, let’s stick it to the bankers!!
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If you STILL don't believe in self-custody...
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Take a quick look at the Celsius Network subreddit. You'll see fear, denial, anger, panic, and blame all around. But this was all caused by greed, if we're being honest about it. Greed on the part of users, greed on the part of companies, greed all around. Bitcoin gives you freedom. Use it. Don't let greed lure you into a 5% interest rate. Don't pick up dimes in front of a steam roller. Learn how to take custody, and stop Bitcoin rehypothecation. Submitted June 15, 2022 at 04:25PM by drinkingkindasucks https://ift.tt/ftjK6BL
Holder since 2014.
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I'm here to say 20k per coin after a 69% drop is what my dreams were made of back then. It's hard to understand the true freedom BTC brings to the global population, I see posts all over Reddit and the media in general about the price drop and blah blah blah but they can't even remotely explain Blockchain or what the true value is and the freedom it will bring to the globe. Don't stress too much during these times, just stack those stats and relax Submitted June 15, 2022 at 07:35PM by PurpleFlamingoFarmer https://ift.tt/TKURCWy
It's crazy to me that the only time people are interested in Bitcoin is during the bull run. Now is the time people should be interested in Bitcoin. Compare it to the ATH and remember how you felt when you felt like you missed out. This is literally your chance to get into it!
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New record! 855,000 Bitcoin wallets Hodling over 1 BTC // Currently up 20,000 in 43 days
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Should have listened to you all
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I have spent the last 2 years building up my bitcoin balance. Im not rich by any means but I worked hard and stashed as much as possible.. Im no genius when it comes to bitcoin but I understood the basics… I always saw your posts about cold storage and “not your keys not your crypto”…I got suckered in with the idea of compounding interest with Celsius and bitcoin and even my fiancĂŠ set up a Celsius account and she put about 8k into it. I have about .6 bitcoin in my Celsius account. I got a late start in bitcoin and figured this would help my trajectory and speed up my gains. I bought a ledger nano X probably two weeks ago and got it all set up and figured I would slowly start moving funds to the ledger device because I was nervous… and then yesterday happened and I am feeling sick to my stomach. I have a 6 year old daughter and everything I was doing was to put my family in a good spot financially. I’m worried that I’ll never see that bitcoin again and I’ll be wiped clean and start ba...
What's is like not having a stake in the game, yet cheering for other's financial misfortune during a recession. Promise me to stay classy during next ATH, BTC peeps!
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Satoshi would be disappointed
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The intention of bitcoin was is to be an entirely decentralized, trustless form of currency - not a get rich quick scheme. Overall the market needs a cleanse. His intention was never to use bitcoin as a launchpad for money hungry institutions, high leveraged trading, rug pull scam coins, high emission defi ponzis, yield earning centralized exchanges or even stablecoins. Sadly the list goes on. Human greed has taken Satoshis incredible work and monetized the hell out of it copying the idea and pasting it across 10,000 coins with the hope that some may explode and make you rich. The fact he’s not moved any bitcoin during the large appreciations clearly shows it wasn’t a money grab. Going forward it’s great to see bitcoin dominance increasing, this is the great cleanse. I am not fussed with the market price, I’m just happy to have some piece in incredible human innovation. Bitcoin will dip and purge the greed, but it will never die. I’m in the for long haul. Submitted June 13, 20...
Binance refusing to implement lightning and lying about some problem with stuck transaction despite charging users 50,000 sats as "network fee" for withdrawals
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“Bitcoin was created to take power out of the hands of the government and central bankers, and put it back into the hands of the people” (Gilpin, 2014).
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Did Satoshi "create" anything new for Bitcoin? Or did he simply tie existing things together in the perfect way?
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Milton Friedman - "Inflation is created in one place only...Washington"
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Jay-Z and Jack Dorsey fund The Bitcoin Academy in New York
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Just finished reading this. I got into Bitcoin 2 years ago and didn’t see the actual value of it. This book opened my eyes to the true problems with government currency. Even if you’re a skeptic to Bitcoin, this book will uncover the problems that Bitcoin can solve. Highly recommend reading this.
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Jack Dorsey’s new vision for a decentralized web leverages Bitcoin to put users back in control of their data and identity. This is a quick intro to Web5.
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Billionaire Stanley Druckenmiller with Advice For Young Investors | Talks Bitcoin, Inflation, Recession & Gold | 6/10/22
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If you smoke you should quit and use that money to buy Bitcoin.
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Get On The Life Boat! whoever made this is an ABSOLUTE LEGEND, we must find you.
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Found free bitcoin in Amsterdam (exact location in comments)
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Employee revolt at shitcoin casino Conbase. Beginning of the end?
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Overhead shot of the one of the largest, most efficient BTC mines in North America being built!
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Bitcoin is the digital manifestation of Austrian Economics and because of this, its success is deeply rooted in sound economic theory, not hype.
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Zimbabwean school teacher explains the impact of Bitcoin for countries like Zimbabwe
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BREAKING: Jack Dorsey and Jay-Z to fund #Bitcoin education for public housing residents in New York đ
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Breaking point: Bitcoin is humanity’s last chance at true freedom
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37% of survey respondents from many developed and developing countries want Bitcoin to become legal tender
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I’ll soon be running the third Lightning Network node in my country and it genuinely feels like we’re early.
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The Federal Reserve recognizes a "satoshi" as money for the first time!
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Secretary Yellen: "I do expect inflation to remain high, although I very much hope that it will be coming down now."
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PayPal allows their US customers transfer bitcoin to external wallets
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Whenever I go to a shop or business, I ask them if they take bitcoin. Everyone should do it
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If they say no, I tell them they could save on card company's cut on every transaction and it would help them be more competitive with pricing. If they seem interested, I recommend BTCPay Server . It's a simple way of raising awareness. Do your part. Submitted June 06, 2022 at 11:26PM by KAX1107 https://ift.tt/Rxc9zP1
We will be told that we got lucky, that nobody could have predicted $1M by 2030.
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Fidelity is bullish on bitcoin - "Why investors need to consider bitcoin separately from other digital assets."
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List of big things to forward to before the next bitcoin halving. You must accumulate now.
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Bi-partisan crypto bill by the GOP's Cynthia Lummis and the Democrat's Kristen Gillinbrand (this is a person who voted against bailing out Wall Street & banks circa 2008). The bill should be out this month, but probably won't get a vote until the 118th Congress begins next year. My belief is that after regulatory clarity, bitcoin will absorb TradFi and trust rapidly. Governments won't be able to control programmable money like this and it will run wild. Anything unfavorable in any bills will get programmed around and that'll be a wrap Taproot Support. Praise the lord, because we already have 75%+ nodes supporting it, and Taproot addresses, signatures, and scripting are necessary to unleash the security and innovation we need to begin onboarding institutions, governments, and individuals en masse TARO (taproot asset representation overlay). This means stablecoins, products, services, NFT collectibles, tokenized securities, and anything else that you can...
Michael Saylor Says He Thinks Satoshi Nakamoto's Anonymity Is a Gift to the Human Race (short audio clip)
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Banks still suck. I'm buying even more Bitcoin.
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In case anyone was wondering, yes banks still suck. Got locked out of my accounts for 3 days just for buying only 15k worth of Bitcoin. This was not from debt, this was my own cash that I couldn't use. No amount of escalations or complaints could make them give me my access again. "We need more time to investigate the destination of this transaction" is all they would say. Then they forced me to physically travel to a branch to ID myself. Travel was required because they are closing branches since they are not needed. To be clear I have no issue with a quick lock to check a transaction. But I do have issue with not unlocking me once I've identified and confirmed, and with making me wait 3 days. The feeling of being unbanked for just 3 days is nasty. I feel for the early adopters that lost their banking entirely. In any case it's probably similar because I decided it was important to change banks. I can't let them do this again. As a result of this I'...
Even If the Bottom Is In for the Bitcoin Market, Don’t Expect a Big Surge to a New ATH for a While. The market has yet to be purged of those who don't understand the why of Bitcoin.
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People ask how we can make governments trust Bitcoin. Who cares? We need financial freedom, not more financial serfdom.
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The Crisis of Inflation with Lyn Alden — What Bitcoin Did
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Alright, I'm ready to buy some Bitcoin. Where do I start?
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Just another small red year. Shouldn't matter if you're here for the long run. Wagmi
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Do Kwon partying it up in Singapore with his collateralised Bitcoin
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Bukele: If BTC Succeeds In ELSL, “It’ll Be One Of History’s Biggest Game-Changers”
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El Salvador is already experiencing the economic ruin IMF was worried about
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In the #bitcoin standard, your retirement age will be 40. You work only 10-15 years based on your desire. while In the fiat world, your retirement age is 67-70. Modern-day slavery. You work and you die.
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As bitcoin is only 21 Million so it conserves the energy forever as it can not be debased. In the bitcoin standard, you will earn some bitcoin or a fraction of bitcoin which is nothing but represents the energy you spent and will store it forever so that you can use it whenever you need it. Once you feel that you collected enough BTC/sats from the 21 million pie, you can retire, and still, you can live the same life as you can project well your expense for the remaining years of your life. Very important to take into consideration while retiring that, all goods will go down in bitcoin terms as every good will be divided by 21 million and so they call, infinity/21 million. so for example 5 years back with 1 bitcoin were able to buy a mac book laptop, now the same 1 BTC can let you buy 1 car, and so on. Hyperbitcoinization (sudden rush to buy bitcoin) is inevitable once humans realize that they can store value or do true savings in bitcoin. Also, bitcoin early adopters (who have 25...
What is going on with Coinbase? Can’t buy or sell BTC. Kinda unusual.
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Bitcoin runs in cycles, so after a bear always comes a bull.
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I am either insane or genius
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I'm from the UK and I have decided to withdraw my Lifetime ISA with a penalty of -25%, so that I can use the money to invest into bitcoin. Its supposed to go towards a first house deposit. I can now accumulate over 1 bitcoin, which is a milestone I have always wanted to reach. I no longer care about buying a house with a mortgage, now that I own bitcoin. I'm very lucky to have nice parents who let me live with them, so I have no real reason to move out. My only plan is to wait on bitcoin to grow and in 5-10 years I can use some of the profits to buy a house outright, no mortgage required. I will buy some alt coins as well, but mostly bitcoin. I'm a firm believer in freedom, and not being tied down to any sort of debts, including 25 year mortgages. I don't want to be a wage slave for the next 30+ years. My last main career basically destroyed my mental health. I want to work part time stress free, and become wealthy by owning bitcoin. No interest in having kids or an...
I have been a bitcoin’er for about 6 years now and I haven’t managed to orange pill a single person.
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I think in my social circle I am secretly known as the crazy Bitcoin guy because it’s basically all I talk about. I am not sure if it’s as simple as, my delivery method sucks or people just couldn’t be bothered to learn about money or Bitcoin. I see how unfair, broken and rigged this fiat system is and I try to bring people to understand it too and show them the way to preserve their wealth and hard earned money but it’s like I am beating a dead horse and they all think it’s all bull shit crazy guy talk and it doesn’t affect them or whatever. The last dude I talked to about this was like but the economy is doing great, There is jobs everywhere and people don’t even want to work so I don’t even know what you are talking about. And in my mind I was like fuuuuuuuuck, how do I make him understand what helicopter money is and what printing money does. But I digressed and let him think I am crazy. I am just so done at this point. I am honestly ready to give up now, I think I am just goin...