interesting.. idk what MacD[s are thinking, pretty ugly but I took one for the meme factor!!
https://ift.tt/H26nJbl Submitted October 01, 2023 at 09:53AM by juyubage https://ift.tt/61vF74e
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Showing posts from September, 2023
what will you all do if bitcoin has its first irregular bull run much later than 2025? Do you think the price will be pulled down sharply by fear?
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German news report on the environmental benefits of Bitcoin mining
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Realistically, How long would it take for a $35k a year blue collar to go from a zero-coiner to a respected whole-coiner?
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Performance since MicroStrategy adopted Bitcoin.
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Fingers crossed for Bitcoin to moon in its historically bullish quarter 🚀📈 (check out the chart)
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What % of your Net Worth do you have in BTC?
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I recently came across posts where some individuals had over 90% of their net worth in Bitcoin. The reactions were mixed; some called them reckless, while others congratulated them. With any other asset, I wouldn't consider going all in, but Bitcoin feels different. It's the only investment that appeals to me right now, and its share of my overall savings is growing.As for me, if I factor in the equity of my not-yet-fully-paid-off house, my assets are divided as follows: 70% in real estate, 20% in Bitcoin, and 10% spread between ETFs and stocks. How about you? How deep are you in? P.S.: The purpose of this post is to gauge general sentiment about allocation, not to inquire about specific amounts. Please refrain from sharing private information. Ideally, only share percentages as I have done. Submitted September 30, 2023 at 09:26AM by SnooRevelations3802 https://ift.tt/4boKIjz
Breaking: CEO of nChain resigns because he realises Craig Wright is a fraud and not Satoshi. Additionally, Craig Wright has been (at least for the moment) fired from nChain.
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Each Halving Prices Out a Different Economic Group Trying to Obtain 1 Bitcoin - British HODL
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One way of looking at the halving is which groups are effectively priced out when they occur. First Halving : November 28th, 2012 - $12.40 (Start) - $662.80 (End) This priced out extremely poor people, for whom even a single USD would be hard to expend. By the end of this cycle, many people in poor developing nations were priced out as ~$700 can exceed a year's income. The bottom billion were effectively out. Second Halving : July 9th, 2016 - $651.80 (Start) - $8,738.80 (End) Most people in developing nations and working poor in advanced economies. Many people in the United States don't even have $1,000 for an emergency. By the end of this cycle they were effectively priced out. Third Halving : May 11th, 2020 - $8,579.80 (Start) - $30k-60k? (Projected End) Current cycle. The price of a single Bitcoin would be a strain on many lower middle-class families today. As few may have nearly $30,000 to spend on a full coin. (DCA is your friend!) Fourth Halving : April 2024 (Proj
There’s one thing that rings true with all bitcoin critics.
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They simply don’t understand bitcoin. As warren buffet said “ I don’t believe in bitcoin, but I also don’t know anything about it” Imagine getting on a plane, and the pilot says “I have no idea how to fly a plane, but I think I can figure it out anyway, hop on!” You’d be just as dumb to get on this plane than to listen to anyones opinion of bitcoin, other than an expert who thoroughly understands all aspects of bitcoin. You must also be somewhat of an expert on economics to see how bitcoin can be applied to solve our economical problems… long story short, most people don’t and never will have this ability. The way I usually explain it, most people don’t understand propulsion, aerodynamics, or even simply how a jet engine creates enough thrust to keep a 200,000 pound hunk of aluminum in the air. Yet these people fly on airplanes every day without even thinking twice, why? Because they’ve seen airplanes take off and land thousands of times per day, their experience with airplanes is
Paying Beers with Bitcoin, Italy, Rovereto (TN)
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What are YOU doing to support BTC network?
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1) I hold my BTC in cold storage. 2) Even after meeting my personal goal, I run a small weekly DCA just to support the network. 3) When a big news event occurs, i. e., ‘Blackrock applies for spot ETF’ I send the article out to my normie friends. 4) I am working to connect my local state legislators to bitcoin policy/advocacy groups. 5) I’m using my experience, wisdom and knowledge to advocate on behalf of bitcoin when asked questions by friends and family. 6) I listen and educate myself byway of BTC podcasts. What are YOU doing to support the network? Submitted September 29, 2023 at 07:32PM by Boss-Rawling https://ift.tt/O8EiDQN
Would the Blackrock ETF really kick off a bull run or is this all overhyped?
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Why is there a Bitcoin "Halving" anyways? (explained in 60 seconds)
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Cheapest way to buy buy bitcoin.
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I live in the US and have started to DCA in BTC and move this into cold storage ~weekly. What is the cheapest way to purchase BTC in the US? I have used Coinbase and Robinhood but am wondering if cash app or other exchanges are better for the way I am buying. Thanks in advance ! Submitted September 28, 2023 at 09:48PM by Sure_Cardiologist620 https://ift.tt/jhmKVbW
DCA or everything now with $10,000
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Hi guys, I’ve just come out the BTC rabbit hole and nothing has ever made more sense to me. So I’ve sold some of my equities and am now going to buy BTC. I’ve got $10000 at the moment, I’m not sure if I must DCA or just lump sum. I don’t want my cash just sitting while I wait until I finishing DCA’ing so not sure. Would really appreciate your advice & insights. Submitted September 29, 2023 at 02:43AM by Emergency_Mastodon_5 https://ift.tt/45tIubr
That’s it - I am done buying Bitcoin (for now)
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I first heard about Bitcoin in 2019. Thanks to the COVID lockdown, I had more free time and began learning more about it through sources like 'The Bitcoin Standard' and keynote speeches by Andreas Antonopoulos. I became fascinated and started DCA-ing into Bitcoin at the end of 2020. After a few months, Tesla announced that they were buying Bitcoin and accepting it as payment. This triggered my FOMO, and I felt like a genius due to the surge in demand. This led me to stop investing in my retirement accounts and allocate everything I have into Bitcoin. Fast forward to when the Federal Reserve began rapidly increasing interest rates, and we witnessed the collapse of FTX, the bankruptcies of major crypto exchanges, and the exposure of bad actors in the crypto space. This caused my investments to start collapsing, and fear overwhelmed me as I saw the value plummet. Nevertheless, I continued to watch Andreas's speeches and read more of his books, which led me to double down o
Bitcoin Officially Acknowledged in Shanghai as a Digital Currency
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SEC delays decision on spot Bitcoin ETFs as Congressmen urge approval
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Question should I liquidate my 401k and buy 10 BTC
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Not 100% decided, but the risk reward seems to be compelling. My main thoughts are revolving around the next halving that will occur in April 2024. It that was to happen today most of the most efficient commercial miners would have their costs go to 21,000-24,000 to mine 1. The only thing that can save them is rapid appreciation in the Next 7 months. Submitted September 28, 2023 at 03:52AM by BradBiondo https://ift.tt/w6xupER
Think it will become more and more difficult to become a whole coiner….especially after the next halving. Might as well stack max possible before next halving…
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Like……2017 high was $20k…… and 2021 “high” was $67k, now it is at $26k “low” So essentially after the 2025 high (say $200k), the 2027 “low” will be somewhere around $70k Realistically who common working class $40k a year person can really put $70k into Bitcoin, which is the next lowest low after 2023. Hence if you have heard about Bitcoin, and have already been through the technical buying/storage hurdle, might as well stack to a full coin before halving in April 2024. Submitted September 28, 2023 at 02:31AM by kadudu888 https://ift.tt/SgJ6bKN
Why do many people believe Bitcoin spot ETF applications will be approved?
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I've heard many opinions with bad reasons why they think spot ETFs will be approved. "Blackrock..." "They are accumulating..." "SEC wants to make sure manipulation doesn't happen" Fact: Since at least 2017 all the bitcoin spot ETFs have been delayed until the last date possible and then denied unapologetically. So why is it different this time? Submitted September 27, 2023 at 09:18PM by recessiontime https://ift.tt/Yx6Rfzv
What’s the most compelling argument you’ve heard that Bitcoin is just a bubble?
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We’re all aware of the merits of Bitcoin. Most of us understand how important it is to the future of the world and how unlikely it is to fail. But hat in your opinion is the best argument that Bitcoin sucks and we’re just fanciful morons chasing a pipe dream? Submitted September 27, 2023 at 02:47AM by griptuba https://ift.tt/QhbDNs7
Lawmakers urge SEC Chair Gensler to allow spot bitcoin ETFs 'immediately'
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Bitcoin will do to banks what E-mail did to the postal industry
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Bitcoin would certainly and definitely get to $100,00, we know this, the only problem is that we don’t know how long this will take. MicroStrategy would be in a lot of profits by then; A lot of people and businesses who bought into Bitcoin at $20,000 -$30,000 would have a very high profit margin. https://preview.redd.it/i33ywuchxkqb1.png?width=1600&format=png&auto=webp&s=1beedc906ff00afc65f6cda9f79a0255370c4650 Bitcoin at $100K is Certain Bitcoin at $100K is Certain Bitcoin at $100K is Certain Bitcoin at $100K is Certain I don’t play with Bitcoin, I buy Bitcoin with a certain % of my profits from any trade. Submitted September 26, 2023 at 03:46PM by Unlikely_Purple_5154 https://ift.tt/lIWJ8is
In 2009 Hal Finney predicted $10M per #Bitcoin He divided the world's wealth by 20 million and NOT 21 million. Did Hal imply that Satoshi would never spend his coins? Is Hal Finney Satoshi Nakamoto?
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I plan to mine Bitcoin in the desert with power from solar panels.
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I want to buy 15 to 20 of the latest water cooled ASICs which will run on solar energy and mine me ONE WHOLE Bitcoin per month. In 10 to 12 months, I will break even, and after that, its sweet profits all the way! I want to use 20 of these miners which will be released next year: https://www.asicminervalue.com/miners/bitmain/antminer-s21-hyd-335th Thoughts on my business plan? Submitted September 26, 2023 at 07:50PM by wereqryan12 https://ift.tt/dWc0Kbi
Jack Mallers: Money is Technology that Allows Society to Scale
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“You never actually own a Bitcoin. You merely look after it for the next generation.”
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Here are two choices for me, and every new parent out there: I either put away $26,000 today, to give to my new born child 20 years later. Or I buy one Bitcoin at $26,000 today, to give to my new born child 20 years later. If you look at this in a 20 year horizon, the correct logical choice becomes immediately obvious. I have already made up my mind about this. Would you do the same for your kids, while you still can? Submitted September 26, 2023 at 05:25AM by kadudu888 https://ift.tt/0IbLsD1
Question: what would you do?
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Lets imagine 1btc would be 1.000.000 at the next bull or even before. Would you sell some? If you would sell some, what would you do with the money? Just realizing that if it happens I would get a lot of money I would not know what to do with it, buy a house? Im not even sure i wanna buy a house... Submitted September 25, 2023 at 08:49PM by LiteratureSerious56 https://ift.tt/O8aq2go
MicroStrategy's Saylor Wants to Buy as Much Bitcoin as Possible
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MicroStrategy first bought $250 million of Bitcoin at $11,000 then $700 million at $21,000 $1 BILLION at $52,000 $500 million at $37k $177 million at $45k $242 million at $48k $500 million at $59k! $280 million $45k $200 million at $30k $377 million at $28k $147 million at 27k The company holds a total of around 158,245 Bitcoins , worth roughly $4.1 billion at current prices. MicroStrategy Grows Bitcoin Holdings; How Many BTC Will It Add-In? Submitted September 26, 2023 at 12:49AM by Unlikely_Purple_5154 https://ift.tt/2AoCkR0
$800 of BTC?
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Realistically is it worth it to invest $800 into Bitcoin right now? I know the risks, I’m ok with losing it. This isn’t my first rodeo. But In the grand scheme of things, is it really worth it it invest such a small amount? I feel like Investing 10-15k is really what would make a difference. What’s your opinion? Thanks everyone :) Submitted September 24, 2023 at 11:58PM by Megan-Knees https://ift.tt/XvrkJPB
The moment I realized what Bitcoin was!
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What is Gold backs buy? Nothing but human history, time and the illusion of scarcity( since nobody knows the true supply of gold, custodians can lie on paper or someone could go dig and find more). Bitcoin was created after the 2008 housing crisis and the banking failures. It provides a solution to force everyone and every entity to become honest by its immutable ledger that is accessible to the public at large. It forces corporations and governments to respect private property. It prevents theft through inflation The first triple point asset ever created: (a) The best store of Value, (b) The best medium of exchange, (c) The best unit of account. Bitcoin is the only asset that exists in all those three functions of money at the same time Given those, over 8 billion people are competing for each of those three functions in some aspect. Either they find some of those in fiat, some in gold and in other assets, but never all three in one asset until Bitcoin. Here’s your tota
Next time somebody says "Nobody uses Bitcoin for anything aside from speculation", show them this graph
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This shows capacity of the lightning network over time. Lightning is a L2 for Bitcoin which makes it cheaper to send transactions, you can send thousands of transactions for a couple satoshi. If people just use BTC for speculative transactions and trading, there is little reason to move their BTC onto a lightning channel as it does incur the cost of a tx fee to get it into lightning. Lightning network capacity over time. Orange=BTC, Blue=USD equivalent. Source: https://bitcoinvisuals.com/ln-capacity Submitted September 24, 2023 at 07:20AM by makeasnek https://ift.tt/b6C1ndu
Selling my Condo to buy BTC
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Since I retired and moved to Europe I am putting my Condo in Miami on the Market for Sale. I have a high Equity on my Unit and I’m planing to invest 85% of my net Capital Gains (after Realtor Com. & Taxes) into BTC. The other 15% I plan to hold in cash for my Living Expenses of the next 3 Years. My Question: I known that DCA is the way to invest in BTC which I have done in the past 7 Years. Should I buy BTC in a DCA fashion since we are close to the Halving in the 2 Quarter of 2024 and and a subsequent Bull Market ? Or should I buy BTC in one shot since I feel that the Price will ultimately go up very soon ? Any Suggestions are greatly appreciated 🙏 Submitted September 24, 2023 at 09:33PM by jeanpaulinmiami https://ift.tt/N6jALHB
I didn't become full coiner today.
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Just wanted to say to yall that it's ok if u have no full btc like me and many others. Many here are going fomo very quick 😅 I consider stacking sats like gym activity, nobody become bodybuilder in a day, muscles grows slowly but benefit will stay longer. Amen and good luck to everyone! Submitted September 23, 2023 at 11:10PM by Invest_Network https://ift.tt/Gy7xVfU
0,5 BTC for a wealthy retirement in 2040?
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Do you guys think 0,5 Bitcoin will be enough in 2040 to live a wealthy life? I hope I will ever be able to stack 0,5 BTC one day. Everybody achieved this milestone and even more! CONGRATS from the deepest of my heart you got this! Submitted September 23, 2023 at 11:14PM by Interesting_Ebb9052 https://ift.tt/Nf8xSUc
Bitcoin is the Apex Predator. Cut It in Half and It Comes Back 20X Stronger.
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Resurfaced Video Of Hal Finney From 25 Years Ago Is Making Rounds In Social Media
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Spotted today at Newark Liberty International Airport, New Jersey
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US Senator who called Bitcoin corrupt is caught taking bribes in...gold.
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BuT iF pRiCeS cOnSiStEnTlY gO dOwN, nO oNe WiLl BuY aNyThInG!!1!eleventy1!
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Today the iPhone 15 is being released at a price of roughly $800 to $1100 each with better than projected orders by retailers. I'm willing to bet, based on past trends, that the iPhone 15 will be cheaper a year from now, just like every other phone ever. And yet, people are buying them. Today. Weird. Don't these people know that it'll be cheaper to buy an iPhone 15 next year? Why would they spend their money now when it's going to be cheaper a year from now? Are they being directed by a central authority to buy consumer goods now instead of waiting so the economy doesn't crash in a downward spiral from a lack of spending? I'm sure this is just a fluke and doesn't apply to other consumer goods like cars, TVs, boats, computers, kitchen appliances, Fluke multimeters, (and as King Mongkut of Siam once said), "etcetera, etcetera, etcetera." There really seems to be a dichotomy between the deflationary argument against Bitcoin and peoples actual p
Congress Advances Pioneering Anti-CBDC Bill To Curb Surveillance
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Running a full node on 2015 macbook pro?
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Hi friends. I want to run my own node (full node ideally), but do not want to buy a raspberry pi or spend money to do it. I have an old 2015 macbook pro that is my main personal computer, however i dont use it a ton now that i am no longer in school. Will running a full node on my macbook greatly effect its performance? Of course i will store the blockchain on an external hard drive. Has anyone tried this with a similar computer and had success? Also, if a full node is not possible would it run a pruned node with no issues? Thanks for your help! Submitted September 21, 2023 at 12:22AM by Honest_Poetry_9432 https://ift.tt/tvha2PW
Man forgets he invested $22 in Bitcoin, returns to a fortune
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Gensler laying the foundation to blame another spot ETF delay on someone other than himself…
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BTC at silver market cap
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It is often said that BTC would reach $100K per coin in the next bull run. Whether this would materialize or not is not the point of this post. At $100K the market cap of BTC would be around 50% higher than the current market cap of silver. Silver has been regarded (rightly or wrongly) as a store of value and indeed its price fluctuations are nowhere near those observed in crypto space. If BTC reaches a market cap that is 50% higher than that of one of the existing forms of stores of value why would anyone expect BTC to continue to exhibit the wild swings it has exhibited so far? I would expect the price to fluctuate within bounds similar to those of silver and the price to not fall much below $100K once it reaches there. Any thoughts? Edit: silver is a random example; I could have used gold instead and had the same argument. Submitted September 20, 2023 at 03:01PM by MeMyself159 https://ift.tt/rLJst70
Strike Bitcoin transaction cost me 0 sats!
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This post is for everyone who is struggling to find a decent way to buy bitcoin. I stacked a humble stack, transferred it to my cold wallet and chose the no cost option when transferring out of strike, and it in fact did not cost me anything! Jack Mallers you’ve done it again you son of a gun. Submitted September 20, 2023 at 06:58PM by Grouchy_Variation968 https://ift.tt/munP5lL
Bitcoin is unconfiscatable property outside the current system
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The older the “fiat-believer” is, the harder it is to explain Bitcoin to them….including people who works in finance for 20+ years…
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I think some of you may have experienced the same: Teens are more open to the idea of Bitcoin….relatively speaking….although they hardly have any significant amount of money to invest, nor do they have a big disposable income (or any income at all). People in their 20s is the largest group who understand Bitcoin and have the financial capability to buy Bitcoin. I personally think this is the group that will benefit big time in 10 years time when they reach mid 30s (thats 2033, so 3 more halvings later…..close to $1m by then perhaps….😎) From people who are 30s upwards…..they cant adjust to new concepts that easily….and the funny thing is, the people in finance are even more stuck in terms of mindset. Its not even like they benefit from the current system (most of them earn like $60-90k at a boring desk job and drive a Prius, mortgage to the hill for a tiny one bedroom flat in some downtown area), but they just turn their nose up whenever i speak of Bitcoin… So on a time/effort to
Homes aren't going up, the dollar is going down.
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The Revolution will not be Televised (but its a Bitcoin parody)
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You will not be able to stay home brother You will not be able to plug in, turn on and cop out You will not be able to lose yourself on skag and Skip out for beer during commercials Because the revolution will not be televised The revolution will not be televised The revolution will not be brought to you by Black Rock In four parts without commercial interruptions The revolution will not show you pictures of Joe Biden Blowing a bugle and leading a charge by Barak Obama General "Mad Dog" Mattis and Douglas Lute To eat hog maws confiscated from a Harlem sanctuary The revolution will not be televised The revolution will not be brought to you by Universal Studios and will not star Matt Damon and Connor McGregor or Eminem and Snoop Dogg The revolution will not give your mouth sex appeal The revolution will not get rid of the nubs The revolution will not make you look five pounds thinner Because the revolution will not be televised, brother There will be no pic
21 million is relatively small
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According to my Google-fu, there are about 40 million humans in California. 38 million in Tokyo. This means that if everyone in California rushed to buy Bitcoin, there is only about 0.5 to go around per person. If Tokyo wants in, everyone can only have 0.25 total. World population to 21 million BTC puts things in to perspective. Wholecoiners may be very very wealthy in the future. Submitted September 19, 2023 at 08:43AM by BWFree https://ift.tt/PnNQucA
How old are you and do you have an EXIT-Strategy?
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What motivates to you to continue to DCA into BTC?
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Ray Dalio is wrong. CNY will not be the next global reserve currency. Bitcoin will.
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How I made 1 BTC after 4 years and 163 days
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This is follow up post to this which got so much engagments. Thanks you guys for all the congratulations! Too many people for me to be able to answer asked about the approach I used and how I did it, so I will answer here. Below are the most important lessons I learned. So basically I finally reached 1 btc after 4 years and 163 days being from "almost-a-third-world-country". The best day to start is yesterday: I started to DCA in 2019 (not proper DCA, just bought a little here and there). So even if if my DCA was not disciplined, it didn't matter. Today, the absolute most important factor was that I started all the way back then. This is the main reason I have 1 BTC today. Use a wallet: I started using a wallet because to pass KYC on some exchanges back then when you are not from a "nice" country is very hard. I think this was luck because so many people have lost their BTC to centralized exchanges this past 2 years... Custom DCA Strategy: Most
Michael Saylor on the Significance of the Spot Bitcoin ETF
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Max profit alert? Bitcoin has a total of 32 halving events and we've only seen 3
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Daily Discussion, September 17, 2023
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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Please check the previous discussion thread for unanswered questions. Submitted September 17, 2023 at 11:06AM by rBitcoinMod https://ift.tt/T3UYEMy
Is this worth anything? Really worthless version
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Bitcoin has 32 halvings We've only seen 3. Let that sink in.
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I bought into the hype in 21’ and I’m still here
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I learned as much as I could. I wanted to own Bitcoin. Not some other crypto. Bitcoin. I bought high. Not over 60K USD, but my average purchase was about 45K. I lost a lot. But I did not sell. I’m not young. I’m not old. I’m middle aged, and plan to hold forever, and then give to my children. Long game is my goal. DCA every month. Submitted September 17, 2023 at 07:17AM by Kannada-JohnnyJ https://ift.tt/1DhJxXQ
Just bought a chunk of BTC after watching gold documentary from 2012
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Daily Discussion, September 16, 2023
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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Please check the previous discussion thread for unanswered questions. Submitted September 16, 2023 at 11:08AM by rBitcoinMod https://ift.tt/jqAYNHC
Remember the Bot /u/BitcoinTip ? A $20 (0.8 btc) tip 9 years ago is now worth $21,000. There were thousands of tips.
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Attention goes where the money flows.
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For 100 years power wealth success and prosperity has flowed to banks because they controlled the money. Its no surprise because every human on earth is controlled by money including presidents. This allowed banks the ability to essentially influence the laws of every country on earth. The tides are shifting, banks are now outdated incompetant institutions relative to the efficiency of bitcoin. Now all the power wealth success and prosperity is flowing to bitcoin! Bitcoin is the new global power because it is superior money. Most people do not comprehend this yet but going forward bitcoin and everyone who adopts bitcoin and builds on bitcoin will be influencing the laws of every country on earth. Money talks and bullshit walks. Bitcoin is money and fiat banks are bullshit. Submitted September 16, 2023 at 01:35AM by slvbtc https://ift.tt/xFUTYCH
2 of 3 multisig strikes a balance between security and complexity for long-term savings
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Institutional asset managers want your Bitcoin now
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Daily Discussion, September 15, 2023
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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Please check the previous discussion thread for unanswered questions. Submitted September 15, 2023 at 11:08AM by rBitcoinMod https://ift.tt/TvOlGZi
Have a 12 GB Bitcoin folder back from 2015.. Help?
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Hey guys, back in 2015 I vaguely remember using my PC to generate Bitcoins. I have discovered a 12 gb Bitcoin folder on my PC. Containing following folders: "Blocks" "Chainstate" "6 Datas" - "debug.log" "peers.dat" "wallet.dat" "fee_estimates.dat" "lock" "db.log" How do I proceed from here? What is this? Submitted September 15, 2023 at 06:36PM by Soulfreezer https://ift.tt/VaecIAG
Going Fiat-Free?
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How would one go about living completely or nearly Fiat Free? Keep your main stack in Cold Storage and then spend as needed with something like a Coinbase debit card for monthly expenses? Assuming your stack is big enough to give you a big enough buffer for monthly expenses (even if the Fiat price of BTC goes down significantly). Does it make sense to do this if you actually believe BTC will go up significantly in the long run? Maybe just keep one month of expenses in a fiat checking account, and all other excess cash into BTC cold storage? What should the value of your BTC stack be VS your monthly expenses? (For example if all your monthly expenses are 5k, should your sat stack be worth at least 30k in fiat in order to cover 6 months of expenses? Submitted September 14, 2023 at 08:18PM by bitcointhruster1 https://ift.tt/6GZ8U9n
€1.3 TRILLION DEUTSCHE BANK TO OFFER BITCOIN AND CRYPTO CUSTODY FOR INSTITUTIONS
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How to leave BTC in a will?
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Anyone have any advice or suggestions on leaving BTC or crypto wallet to someone, possibly a noob, in a will? Are you leaving phrases to someone? Keeping stuff in a safe or safety deposit box and leaving that or instructions to someone? Any advice is appreciated. Searching for “will” in this sub just turns up a bunch of “will BTC moon/reach $X” posts, so I had no luck/patience looking for previous posts asking this. Submitted September 15, 2023 at 12:29AM by ImNicotine https://ift.tt/F6GTx1B
Curious to hear what people who understand Bitcoin think of 401k, Roth IRA, or 529 accounts
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Hi everyone, I have been involved in Bitcoin for about 5-6 years now and I have spent thousands of hours learning everything Bitcoin from a technology, social, and political point of view. However, to better educate myself, I am starting to learn more and more about traditional financial savings tools. I am really interested to hear what other people who understand Bitcoin say about 401k, Roth IRAs, and 529 accounts. I want to elaborate on my thoughts so please feel free to correct me if I am wrong or call me out if you disagree with me. For starters, the 401k has been the conventional retirement savings account in the USA. The government entices you to invest in your 401k by giving tax advantages to you as well as your employer by allowing them to match your contribution. The benefits sound good on paper, but are they actually worth it practically? Sure, you get a 100% guaranteed ROI if you only put in what your employer matches, but you have to hold your account until you are at l
It’s not your money.
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I have decided to go commando and sell all individual stock today. At a loss. In order to buy BTC. One thing I realized is that this is not my money.. You see, I can see the value of my stock but it says that I have .23 cents available to transfer. When will i get my cash so I can move it to my account? Who knows? Same with coinbase. I have some btc in there but for the past few days? It shows I can only move a fraction of it. As soon as I am able to, I will buy BTC and move it to my cold wallet. I just wanted to vent about this and say that even though you “have” money in the stock market or a crypto exchange, good luck. It’s not really your money. Submitted September 14, 2023 at 03:45AM by Budo00 https://ift.tt/sa6rv3N
US Congressman Tom Emmer Reintroduces Bill to Stop 'Unelected Bureaucrats' From Issuing A CBDC
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I used to have 20 btc, now I only have 1. It’s killing me on the inside.
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Just need to get this off my chest. I had a good job that paid well and before discovering btc I basically put all my savings into stocks in 2011, my investments did well. Once I googled “what is bitcoin” I immediately sold all the stocks and went all in in 2017 around 5k. I continued to put my entire earnings into btc throughout the terrible bear markets. I even shorted btc with btc on bitmex the day it crashed from 7k to 3.5k and that was probably my best trade ever, which just gave me more btc. I then got very lucky and got a job that paid in btc and hodled as much as I could stacking up 20btc eventually. Fast forward to now and I only have 1… It’s because I sold some holdings to buy a house (after it dropped from 70k to 35k) and have been renovating it myself, that was my full time job (home renovating) it ended up costing me so much more and I was not working causing me to sell far more btc then I had anticipated… My ex wife sued me and I had to spend more btc on that too.
Daily Discussion, September 13, 2023
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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Please check the previous discussion thread for unanswered questions. Submitted September 13, 2023 at 11:04AM by rBitcoinMod https://ift.tt/DS1lfwE
Feedback needed: I created the „Bitcoin Tracker App“. All important stats in one App!
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Another spot Bitcoin ETF application: Franklin Templeton Investments
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Daily Discussion, September 12, 2023
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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Please check the previous discussion thread for unanswered questions. Submitted September 12, 2023 at 11:09AM by rBitcoinMod https://ift.tt/BI5Wyth
Crooks are Cracking Keys Stolen in LastPass Breach
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Everything that will ever exist ÷ 21M
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What do you guys think of that concept? If we fall on bitcoin standard, does that mean we all become rich (assuming we all hold some sats)? You guys think more capital goods equal to a higher bitcoin price? I was watching a Loni Appelberg video about this, and the way it's explained...It's fascinating! https://youtu.be/2pDlaOGA2ac?si=YUfCBe5_2jmrGOCm Submitted September 12, 2023 at 07:24PM by Anthony-027 https://ift.tt/FkMng6U
If you could ask Satoshi one question, what would it be?
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Former PayPal president David Marcus: "we are trying to turn bitcoin into a real global payment network"
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Bitcoin grows stronger with each block; ignore price for the time being
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Inertia is Bitcoin's greatest ally. The longer Bitcoin has been around, the more likely it is to stay around. It's a virtuous cycle unique to Bitcoin. The reason is not technical. It's economic and psychological. The Bitcoin system makes sense. Millions of people see its massive utility. They understand that Bitcoin is a very elegant solution - they have no reason to ever abandon it. Even in a nuclear apocalypse scenario, assuming just a few nodes survived, Bitcoin would likely be rejuvenated. It would become a link to the past that people would want to maintain. That's how sticky it is. Every day Bitcoin remains online is good for Bitcoin. Remember that. Submitted September 12, 2023 at 06:00AM by Impressive-Horse https://ift.tt/MCuTyto
Back of the Bitcoin physical bitcoin, thanks to everyone who provided advice
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Does anyone else feel a bit stagnant?
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I’ve been buying since late 2019 after being introduced to Bitcoin and I’ve never wavered. Today I woke up feeling beaten down and the price looks the same as I feel. I’m hoping the use case for Bitcoin keeps getting stronger but some days it feels like I’m only padding someone else’s bags. Any thoughts on turning this ship around? I love this community and have never had the courage to post anything before now. ily Submitted September 11, 2023 at 09:05PM by Grouchy_Variation968 https://ift.tt/KToIsLJ
Why Bitcoin loses value when there is inflation
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Is this worth anything? (found in old briefcase of mine)
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Outside of a 401k, Do you guys invest in stocks as well as Bitcoin or do you only invest in Bitcoin ?
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Be your own bank with Bitcoin. You have options, They do not have solutions.
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What do you tell someone when they want to argue that Bitcoin is volatile and worthless and will be gone in less than a decade? I'm quoting Robert Breedlove from now on:
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“People seek a money that is divisible, durable, recognizable, portable and scarce. And historically, monetary metals were the most divisible, durable, recognizable, portable and scarce monetary technology available to the world. Of all the monetary metals that were available gold was the most scarce. So that’s why we selected gold as money, as the best tool for the job over time. If you use that same framework to evaluate Bitcoin, we have a technology that has basically perfected all the properties of money. Bitcoin is perfectly divisible, it’s infinitely durable. It’s distributed information so no one know how to get rid of it. Infinitely portable because it’s just information. You can move it at the speed of light. Bitcoin’s also perfectly recognizable because you can audit the whole supply. Finally it’s perfectly scarce in that it’s a fixed supply asset. There’s no such thing as a fixed supply asset in the physical world, but in the digital world with Bitcoin, there is. So it’s mo
Bitcoin Strategy
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I've been holding Bitcoin for a few years now, and I was curious what others here do for their Bitcoin strategy. Do you guys mostly hold and keep buying more over time (dollar cost averaging)? Or do you take a take a more active approach and evaluate Bitcoin fundamental or technical indicators to determine whether it's a good time to buy more or sell some of your portfolio? If you spend time analyzing Bitcoin, what tools do you use and what are some of the pros and cons of each? Submitted September 09, 2023 at 06:27PM by Acrodemocide https://ift.tt/lYzPreX
Daily Discussion, September 09, 2023
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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Please check the previous discussion thread for unanswered questions. Submitted September 09, 2023 at 11:04AM by rBitcoinMod https://ift.tt/PH1SnCN
If you are worried about Wallstreet taking over Bitcoin... Run a Full Node
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This has been said a thousand times before and I'll say it again. If you think Blackrock and the others are going to take over bitcoin, your fears may be legitimate. It may go something like this. ETF approved. "IF"(Not sure that is even possible, but let's just say it is) Blackrock buys 51% of the miners and try to force a change... The last line is the NODEs.... Reject their code and get some free shit coin.... Run a node so you can cast your vote in the system. This is the last real vote you have left in your life. You get to choose the monetary system of tomorrow. If you own bitcoin and don't run and node ( and can afford it) you are doing this wrong. Nodes add to safety, security, privacy, etc. You can do it for the cheap on your own, open source. Or you can buy a rebuilt kit too. RUN a NoDe Submitted September 09, 2023 at 10:39PM by TheCryptoAccountant1 https://ift.tt/K37HYmN
I can't overstate the need to buy Bitcoin right NOW as soon as possible!
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The top three asset managers BlackRock, Vanguard, and Fidelity are accumulating Bitcoin right now; some chain analysis nerds have already found Vanguard's custodial wallet (Robinhood) which holds ₿118,300 . They're also majority shareholders in Bitcoin mining companies in the US. What they're going to do is get regulatory approval from the SEC to launch their own individual ETFs, then repackage it and charge you a fee for putting it in your retirement plan. You'll see a sudden influx of new marketing while Bitcoin becomes the 'new big thing' as if it hasn't already existed for over 14 years now. It makes infinitely more sense to own Bitcoin now instead of waiting for the TV to tell you to. Submitted September 09, 2023 at 05:03AM by HurricaneHarvey7 https://ift.tt/KP4y6ZG
Hodl… forever?
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I hear many people saying they’ll never part ways with the btc/sats they’ve collected. Just like fiat, you can’t spend it when you’re dead. So what is the purpose of trading in your fiat for btc if you have no intention of using it? Are you trying to build generational wealth for relatives? If so, will they know how to access your stash? I myself am saving btc as an investment to purchase land. Whether I trade the btc directly or sell it for fiat to purchase the land, that is the end game for me. Land seems to continuously go up in value, there is a limited supply of it, and if the sea reclaims more of it, it is deflationary like btc. Submitted September 08, 2023 at 11:49PM by ChipWaffles https://ift.tt/0hv3Kgc
🎫 Jack Dorsey unveiled Azteco bitcoin voucher sale and redemption service Anyone can buy themselves a piece of BTC starting at $5 without exchanges, exchanges, or stablecoins
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Bitcoin or Interest?
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Woke up this morning with insane anxiety regarding my finances. I’m deep in student loan debt currently at $61k (graduated 2017 with over $100k) and trying to launch a startup (mobile application). I’ve been buying bitcoin since 2016 but over the last 5 years have been buying more often (DCA) rather than paying down my interest which is now at 5.55%. Does anyone else do this? I obviously understand that this is extremely bad debt and would go back and kick my own ass if given the chance to undo this mistake. I find that the long term payoff makes sense even though any financial person (given they have no understanding of bitcoin) is going to tell you to pay down the debt asap. Give me your thoughts? Edit: When referring to pay down my interest, I meant to say paying down the principal. Submitted September 08, 2023 at 08:34PM by TheCyberHornet https://ift.tt/MqL4pE8
Cryptocurrency exchange Binаnce reported 588 thousand bitcoins in user reserves
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Texas paid a bitcoin miner more than $31 million to power down during heat wave
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Get TPR's best stories of the day and a jump start to the weekend with the 321 Newsletter — straight to your inbox every day. Sign up for it here . https://preview.redd.it/shgwjknvuumb1.jpg?width=960&format=pjpg&auto=webp&s=ed7ae335cd8c783bd5daeb22d34f5af871c0a7a3 The Electric Reliability Council of Texas (ERCOT) paid a bitcoin miner $31.7 million in energy credits in August to not mine bitcoin. Submitted September 07, 2023 at 08:52PM by Due_Tina_8866 https://ift.tt/UDjJ28x
Someone transferred 4 BTC to Satoshi Nakamoto's wallet.
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Bitcoin is the only asset where supply is unaffected by demand
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FASB Votes In Favor Of Fair Value Accounting For Bitcoin
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Do you agree with all these youtubers saying just own .1 or .01 bitcoin?
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I understand the premise of bitcoin and as a hedge against inflation, however I see crazy speculation of 10-100 million dollar bitcoin, even one guy saying 7 billion. I'm trying to understand how it could reach that price. Submitted September 06, 2023 at 10:37PM by Agitated-138 https://ift.tt/yb4jCop
Got bored at work and decided to crack open an old tire pressure sensor I replaced this morning. Does anyone know how to extract the private key from these things? I already told my boss I quit!
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Expensive night out
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Just thought I’d share this fun little story. I was catching up with an old friend in London in 2014/15 and he told me about this bitcoin thing and that there was a pub in London that took bitcoin via a qr code, he transferred 0.1 bitcoins into a wallet he set up for me and I bought a round. As if that wasn’t bad enough I bought a further 40 quids worth and between us we spent nearly 1 bitcoin on a single night on a few pints and a bit of food. He can now happily retire on bitcoin, I cannot. Submitted September 06, 2023 at 10:44PM by Mattcherrymusic https://ift.tt/5QbFxz3
El Salvador's Ministry of Education Creates a Bitcoin Course for School Students
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Bitcoin Depot is floating on the boundaries of illegality or Shark rates. on 10,000 ATM transfer they charged me 23.4238% Charge was hidden. ATM did not provide any warnings any objections any information. When called BD I have learned that working margin is up to 28%.
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Loaning Against Btc
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Let's go on the holistic idea that my widow is a quasi millionaire in a few years. Can somebody explain how she will be able to BORROW against her btc but not lose her key? In the face of the Celsius' et al - it seems completely unsafe. Will an established ETF ensure return of the btc collateral? Submitted September 05, 2023 at 02:42PM by Human-Contribution16 https://ift.tt/8rCJKAN
Do 6-Year-Olds Understand Bitcoin Better than YOU?
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This sounds illegal to me? Binance dodging Belgium's ban
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If 99% of humanity keeps ignoring btc.. won’t it lose value?
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Of course, now that soon Blackrock will have etf, it won’t be the case but just in case, if most people alive ignore it, BTC won’t get attention and slowly dies? How does it work? I mean, we still have gold, real estate etc It’s not like the world’s gonna collapse, it’ll only keep going like this with or without btc. Submitted September 05, 2023 at 12:53AM by Superb_Emu_6540 https://ift.tt/T9kMpd7
If BTC is finite and scarce, what are my incentives to spend it?
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Question from someone new in the BTC world. While it is true that an unlimited supply of FIAT decreases its value, it also encourages spending. However with BTC why would I spend it if I know that, if I keep my coins, they will be more valuable in the future? Thanks! Submitted September 05, 2023 at 02:03AM by Samwell_Ka-tet https://ift.tt/UQeyOE3
I need 0.37 bitcoin left. Do you think I can make this before the halving if I only make 20 an hour?
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I only make 20 usd per hour worked. I need 0.37 more bitcoin. If bitcoin continues to stay at these 26k levels, I might be able to do it before the april halving. Problem is, idk if it will stay at these levels. I'm so scared I might not make it. Submitted September 04, 2023 at 10:16AM by ILostHalfABitcoin https://ift.tt/GDRAMY1
Rising Phoenix: An Academic Review of Bitcoin's Ten-Year Bull Market
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Hey, guys. I initially did this thread on another sub, but I'd love to share it here. So I changed the title and here it goes. I'd love to hear what you think. It doesn't matter if you agree or not. TLDR: Over a decade of academic deep dives suggests that Bitcoin's not just digital gold, but the rockstar of modern finance with a hint of eco-controversy and a sprinkle of global appeal. Some important things to say first: 1. I've explored "bullish trends" as the title suggests and here is what I found. I didn't have time (yet) to go over the other 1000 or 1500 articles to collect the bearish views. But I can assure you that, one way or another, the majority of the views are bullish. A bullish view doesn't mean that the article says that Bitcoin will rule the world, but that there is some usefulness in its existence. 2. The chart presents the authors/co-authors who have been diving deep into this theme. Let's say I want to find out if creati
Banks in Taiwan get it: if you can't beat them, join them... Look at the ring on the right in the poster.
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It takes smart people for btc to succeed
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Gold doesn’t need that. It’s bling bling shiny and you just get it. BTC requires books and deep comprehension There’s this aha moment you need to really get it. Meaning the dumber humanity gets, the harder it will be to see btc success as the main stream. Submitted September 04, 2023 at 02:03AM by Superb_Emu_6540 https://ift.tt/gXpnfbm
Nostr: Decentralized Twitter & Bitcoin Lightning's Use Case
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Nostr is similar to a decentralized Twitter, with Bitcoin Lightning payments built in. Zapping someone is the ultimate form of love. This is finally a use-case for lightning as putting something like 20 cents on the layer 1 blockchain is usually a waste in transaction fees. The purpose of Nostr is that no central entity should own the public “town square” of free speech. By having different nodes host data around the world, with interoperability for different clients, it is simply a protocol that allows for censorship resistant communication. The key to Nostr is the encryption based identity. Nostr (and the privacy messenger Session) both work by having the public key as a username and the private key as your password. And the open source nature of Nostr clients, allows them to clearly not have access to your private key when they post. In fact, even the web browser Nostr clients let you use browser extensions such as Flamingo to sign transactions without the website itself se
Every Ledger Thing is Broken
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ARRGH. I have two ledgers. I cannot access either using Ledger Live to send BTC. (I have not used them in many moons... they are my cold storage, both seeded to the same wallet). Ledger Live can see my balance (on the Ledger I keep handy), but when I try to send it gives some bullshit unable to connect error. It says to update to latest Ledger Live. So I do. Then it says gives the bullshit unable to connect error and says I HAVE TO update my firmware. WTF? I HAVE TO UPDATE MY FIRMWARE? HAVE TO?? What kind of bush league bullshit is this that you refuse to work with your own device running your own firmware?!!?! Ok, so I do the firmware update,. except it bricks the ledger at the "bootloader" step. Multiple reboots, multiple "run as admin", you name it, no dice. the thing is bricked. So no way in hell I am going to update the backup ledger (I fished it out of where it was hiding). So I delete ledger live and reinstall v1.10.2 (I had the installer saved because
Make time every day to wash, floss, brush, recite your mnemonic seed, and thank God for bitcoin.
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Stretchy measuring stick
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Why do we hear "$1.5 billion worth of this Bitcoin" and "$1.5 billion worth of that Bitcoin", yet never is the actual quantity of Bitcoin mentioned? We know the "price" of world fiat is changing radically, so why do we seem compelled to state BTC in fiat terms? Is it because the "information" is being fed to us? Submitted September 02, 2023 at 07:45PM by clue5tick https://ift.tt/walnZz3
Does anyone else feel we are on the brink of some black swan event?
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The housing market, credit markets, bank failures, the focus on covid, China being in a recession, double top inflation potential, and so much more... Something just doesn't feel right. All this talk of a soft landing seems to be only to calm people. I feel as if Bitcoin will act negatively in the short term but sky rocket long term if such a black swan happens. Similar to 2020. Anyone else feeling the same? Submitted September 03, 2023 at 02:25AM by fnetma https://ift.tt/8bWiXU7
The proposed 'California bitlicense (AB 39),' another proposed assault by Grayson on innovators in California, has passed Senate Appropriations Committee, and will now pass from Legislature to Governor's desk. Request the Governor veto AB 39, the latest CA Bitlicense bill.
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New raspiblitz node setup
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Hey guys Have just fumbled through setting up a full node with lightning and tor. Seems to be running ok . Was hard to keep cool during syncing. Sat it on rotating ice packs lol I have around 16 peers and 4 lightning peers. Do I need to set anything up to be more helpful to the Bitcoin eco system ? Or just let it run? I tried to fund my lightning wallet with a few Sats from Binance but it gave a Bitcoin address not a lightning address . Which i wanted to use. Have done some reading and I think if I join a mobile lightning wallet like zuse to the lightning node then can get a lightning address to send to to add funds? I’m very basic with computers. 1st time trying any computer stuff since 94 when I was a teenager lol Any help is appreciated Submitted September 02, 2023 at 09:06AM by my-daughters-keeper https://ift.tt/GJWNIZH
Say "Thank You" to the SEC and Gary Gensler for Postponing a Decision on Bitcoin Spot ETFs.
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What is your diversification strategy if any?
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For a couple of years I've been 90% bitcoin 10% sp500. and then enough cash for emergencies. The reason I haven't gone 100% all in on bitcoin is only because I get a 401k match, and the best thing to get in that 401k is sp500. Many have said that an all-bitcoin portfolio is a terrible idea, even in this sub. But I still do it because I believe that other asset classes will bleed against bitcoin overtime because I think on the macro-scale, it will be bitcoin to back the value of all other assets. sp500, although it grows 7-10% a year, so does inflation. So after inflation, sp500 has only returned 1% According to SPX/USM2. I think bitcoin will demonetize gold and people will leave gold in favor for bitcoin as a store of value over the long term. I think that real estate is good, but you need a lot invested, and it comes with it's own problems. These are my reasons for wanting to go 100% bitcoin even though people in this sub tell me not to do it. So, since you guys don&#
Early Days: This Bitcoin OG Sold 30,000 BTC for $0.03 Per Coin
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What Are the Best Arguments to Help People Focus on Bitcoin Rather Than Other Coins?
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My top arguments: Information asymmetry makes it incredibly difficult to make *any* money trading altcoins. Bitcoin's long-term returns outpace gold, US Treasuries, and the S&P500 by a healthy margin. Bitcoin's uses as Store of Value + Medium of Exchange (just the beginning for MoE) > smart contracts on other chains. Bitcoin is simple and works as designed; only protocol devs know how an alt-chain works & HIGH rug potential. What do you guys think? Full article with more detail on the above arguments here 🔗 https://river.com/learn/crypto-vs-bitcoin/ Send this to your Newcoiner or Nocoiner friends 🤝 https://preview.redd.it/ls6okht2mnlb1.png?width=3795&format=png&auto=webp&s=90cfa1ed207be7b2a9ca03eb3a683fade035296e Submitted September 01, 2023 at 07:32PM by bitdern_River https://ift.tt/u6owqAt
I love this sub, but it often feels like an echo chamber
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Is it just me, or does the constant stream of positivity about Bitcoin here sometimes seem a bit overwhelming? I understand we're on r/bitcoin and passion runs deep, but shouldn't there be room for diverse perspectives and healthy skepticism? I often feel like this isn't something I see enough here, if not at all for most of the time. Submitted September 01, 2023 at 11:43AM by Laiteuxxx https://ift.tt/iVTlCXF
SEC Delays Spot Bitcoin ETF Decision for All Applicants Including BlackRock, Fidelity
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