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submitted by /u/EmergentCoding [link] [comments] |
source https://www.reddit.com/r/btc/comments/ktn97e/bitcoin_bch_accepted_at_the_australian_hotel/
Saturday, 9 January 2021
Bitcoin BCH - accepted at the Australian Hotel
source https://www.reddit.com/r/btc/comments/ktn97e/bitcoin_bch_accepted_at_the_australian_hotel/
BCH costs 490 usd at Bithumb
Hey,
What is the deal with Bithumb exchange? The price seems to be 65 usd higher (the price in other exchanges is 425 usd currently) there than in the regular exchanges... Is it going to blow up or what is the issue there? Why the price difference?
[link] [comments]
source https://www.reddit.com/r/btc/comments/ktmhlu/bch_costs_490_usd_at_bithumb/
Think Bitcoin is too expensive to get in now? Think about it this way..
First off I 100% believe Bitcoin will go to 100k+.
That being said when bitcoin was at $40 and had potential to go to $100 would you have bought? Of course you would have! If(when imo) Bitcoin makes it to 100k you’re still early even at today’s price.
Just because something is 40k doesn’t make it expensive. You have to see the potential as with anything in life.
Also you don’t need to buy a whole coin nor do you ever have to own a full coin. Buy as much as you feel comfortable with.
Happy hodling! H00nk!
[link] [comments]
Decentralized Voting/ Social Media
With all the censorship and the lost faith in elections in the us, is it feasible to get voting on one of the current block chains or build one from the ground up?
Also is there development into decentralized social media on Bch?
[link] [comments]
source https://www.reddit.com/r/btc/comments/ktlkky/decentralized_voting_social_media/
Shower thought: The BCH-BTC ratio is going down because BCH has finally decoupled from BTC and is going for the USD market
which is a big plus for me.
Granted, those that think via money go up will find it the opposite, haha.
Seriously, BTC trolls, look at the roads before you hit the people above the bridge.
[link] [comments]
source https://www.reddit.com/r/btc/comments/kthmbc/shower_thought_the_bchbtc_ratio_is_going_down/
Bitcoin was just an answer on tonight’s Jeopardy, Alex Trebek’s last episode!
The question was “what currency is the unit Satoshi derived from?”
No one knew the answer. We’re still early!
[link] [comments]
![[OC] never before seen footage of the start of the bull run](https://b.thumbs.redditmedia.com/c2_xDnD4yxDDFlWEcuZY_HlXLAQgMghIOifwHF1Ax3A.jpg "[OC] never before seen footage of the start of the bull run")
Just hit .1 coin!!! Super excited
Been DCA’ing since this summer. I know it’s not much but I plan to keep on buying and HODLing!
[link] [comments]
I know you’re excited and so am I, but don’t be stupid.
This rally seems to have legs and I am highly bullish over the long term and no one knows how high and how long it’s gonna go
Don’t be stupid.
Don’t put your grocery/rent $ into Bitcoin
Don’t borrow money that you don’t have to put into Bitcoin.
Don’t take a 1000x leveraged position, a 3% swing in the wrong direction could wipe out your entire position. (We’ve only had like 15 of those in the past 48 hours)
Don’t try to “day trade” crypto. Sure, there are some folks that can do it and get consistent returns just like there are people that can hit .290 against an mlb curveball but you probably aren’t one of them.
Don’t think that institutions are afraid of taking profits. If they see an opportunity to sell at $42k and buy back at $25k they’re gonna take it.
Every indication is that this bull run will continue, which is when you should be reevaluating your risk tolerance. The old saying goes “be greedy when everyone is afraid and be afraid when everyone is greedy”
If you’re in this to turn an intermediate profit, make a plan to start taking profits and stick to it.
As much as I believe in Bitcoin in the long term, it isn’t immune to extreme volatility and we’re still early in the adoption phase. Retail investors are finally starting to FOMO that they’ll likely be a big part of driving new price discovery. Institutional investors make their money by eating retail investors for lunch.
Please don’t be stupid. Every person that gets burned at the end of a massive rally is less likely to get involved in Bitcoin again.
Good luck!
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Let me get this right, there is 23 billion Tether in existence total. Daily buy/sell volume of Tether is 130 billion, which is 560% of total suppply. So it's like all of tether gets traded almost 6 times a day? How can this even happen?
opportunity for uncensorable, bch blockchain-based social media solutions?
with the recent banning/purging of right-leaning groups/users from popular social media platforms, would now not be a great opportunity for them to start building uncensorable, blockchain-based solutions (the bch blockchain in particular)? thoughts?
also, i don't lean in either direction. just putting it out there.
[link] [comments]
source https://www.reddit.com/r/btc/comments/ktdtgk/opportunity_for_uncensorable_bch_blockchainbased/
Get Off Coinbase ASAP
So randomly coinbase just canceled my $10k order. My account is verified, 3 years old, connected my bank to do ACH buy of $10k for Bitcoin. They say it’ll take 5-10 days to show up in my account and it never does. Then I check order history and it shows up as pending and that it was to arrive a couple days prior (never did) and now today it says it was canceled altogether. My bank is chase and I called their support and they said CONbase never even attempted to fill the order and there would’ve been no problem on their end. Price of Bitcoin was $31k at time of purchase and now it’s over $41k. What a disgraceful company. No support. No responses anywhere. Constantly crashes. Complete clown-show. Cost me thousands. Can’t imagine I’m the only one. Good luck to everyone!
Case# 03997077 if anyone at coinbase cares
[link] [comments]
Just bought my first dollar of Bitcoin :)
I Finally got a dollar in coinbase!! I’m 13 and spent literal months trying to get around 5 dollars in my account! Just wanted to share because I didn’t know who to tell it to lol
[link] [comments]
Narrative Economics: How Stories Go Viral and Drive Major Economic Events September 1, 2020 by Robert J. Shiller
I have not read this yet, but it looks like it may be worthwhile reading:
From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events―and why financial panics can spread like epidemic viruses
Stories people tell―about financial confidence or panic, housing booms, or Bitcoin―can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril―and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior―what he calls "narrative economics"―may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.
[link] [comments]
source https://www.reddit.com/r/btc/comments/ktepij/narrative_economics_how_stories_go_viral_and/
Friday, 8 January 2021
I sent BCH to sideshift for less than a cent and 3min later received Tether (SLP) in my Bitcoin.com wallet, BEFORE the BCH transaction even has been confirmed in a block! This is the way.
Just wanted to test this with a small amount of BCH myself after reading about the complains about the high Ethereum fees for days now.
Tether running as a SLP token on Bitcoin Cash. Exchanged through the now decentralized sideshift platform.
0 confirmations needed because Bitcoin Cash works!
Less than 1 cent in fees needed because Bitcoin Cash works!
This is the way.
[link] [comments]
source https://www.reddit.com/r/btc/comments/ksz745/i_sent_bch_to_sideshift_for_less_than_a_cent_and/
Realized I had 18,293,532 Bitcoin at my grandpas house from 2004 - I’m crying!
Literally shaking right now
I was in my grandpa’s office checking all the major exchanges.
I noticed in the corner of my eye a single note on the desk. Clearly it was ancient, stained yellow and smelled like the paper from the days before Facebook. I reached for the scrap, careful to reload the page again with my JO hand - just in case the price spiked to $50k.
I turned it over to see my own handwriting: “survey 12,773 complete...that makes 18.3 million bitcoin for me!”. Stunned, I reeled back remembering my stash of bitcoin I had saved for robux (you could only exchange bitcoin for them then)
I got my shirt back on and went to www.google.com, quickly clacking in “bitcoin locator old 2003”, the first result was the private keys I had stored in my grandpas computer on the internet.
...shaking...I navigated to the Kracken exchange (what everyone used in 2004 before Coinbase was discovered), and entered my keys...slowly...methodically...ohhh...
IT WORKED!! My nearly 18.3 million bitcoin were lost to me as I totally forgot where my private keys were!!!!1! I bought my dad a house and his wife too. My grandpa said I could keep the office, and I got him a car in return!! Thank you guys so much for everything - Botcoin to the mooon!!
Disclaimer: This is satire, just poking some fun at all the posts like this recently, I don't actually have 5x Jeff Bezos' net worth in Bitcoin :')
And seriously, Quantbase >>> Coinbase, screw Coinbase and their "random" outages
[link] [comments]
BTC trade maxed out on shapeshift due to an error with their exchange?
Feel I was scammed on a BTC trade maxed out on shapeshift due to an error with their exchange. This situation is urgent and has been dragging on for over 3 weeks waiting on response from the shapeshift support team. Meanwhile ive been waiting patiently and letting the USDC sit which has cost me over $20k in BTC value so far. Ive been told they are looking into but have not been responding to my emails asking for an update, and also my BTC returned from the trade. They have offerd to refund the miners fee's, which doesnt resolve their error of taking all my BTC. I am requesting for the trade to be cancelled due to their system error, or at least correct it to the $2k amount i input. I'm hoping someone can help or advise what can be done to correct this situation? Its been giving me major anxiety waiting to hear back from their investigation while everyday BTC soars higher, and meanwhile i cant reinvest the USDC until i get this resolved an answer. Its unacceptable they have kept me hanging this long!
In late Dec i had attempted to trade $2k worth of BTC into USDC from my keepkey wallet. After i input the amount and hit confirm, the platform seemed to "freeze up" and didnt complete? I attempted again with another error. When i finally attempted again, i received a confirmation for the amount of $2k the amount i had input. I remember receiving multiple messages to update my keepkey right after the trade, and I was instructed to update it multiple times in a row which is weird? the shapeshift website/ exchange was giving many errors on that day. I never have traded large amounts, and in fact was not even aware they have a max BTC button since i always input an amount
Does anyone know if there would be record of me inputting that amoun ($2k)t in the system trade log when it was giving errors ? or do they record a screenshot of the transaction so I can prove I input $2k as the amount to trade ? How else can i get more details on this trade ? Can anyone advise on how to get a deeper investigation into this transaction that left me feeling scammed by the Shapeshift exchange. Or someone who i can turn to help with this situation. I will be forever grateful for anyone who can help me out!!!
Below is the unacceptable response i received, since shapeshift is attempting me to buy back my BTC at a higher rate
"Hello,
Thanks for that information. What we can suggest is that you trade back the funds and we will process a refund for the Miner fee. Will that work for you?
Stay Foxy! "
[link] [comments]
source https://www.reddit.com/r/btc/comments/ksvj3a/btc_trade_maxed_out_on_shapeshift_due_to_an_error/
A friend asked me if he should buy $175k worth of bitcoin...
So my friend asked me this question. I am sure others of you have had similar questions asked
This was my response:
"Imagine buying in December 2017
You would now have over $350k
But not before you watched it slowfall to $40k over a 3 year period.
This is what you need to be prepared for, because it's a very real possibility.
Should you buy? ... That's your choice not mine. I bought and have had my share of ups and downs."
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Today I reached my Moon
I am a hodler. This is my story of how $15 USD got me a house. The common mortgage in my country is 30 years at 12%. Thats a lot. I bought 2 years ago at that rate.
Years ago there were "revenue share" scam sites popping up everywhere. I knew they were a scam, but heard of a couple that were actually paying. As you know, these scam sites really pay out at the beginning to draw in more people. I decided to give it a go with $15. These sites allowed to withdraw either dollars or Bitcoin. I completed my 'daily tasks' (clicking on ads) and managed to withdraw about 4 BTC before they scammed out and disappeared.
It wasnt worth a whole lot at the time, but I hodled. I eventually bought a little more here and there when the price seemed good and had some extra cash around. I also spent a little, but held most of it. I was very tempted to sell in December 2017, but I HODLED. It dropped like a rock, yet I hedled.
After I bought the house I set a figure so that if my btc ever totaled more than x amount I would sell to pay off my mortgage. Well early today I reached and exceeded that amount. I sold and still have some btc left over.
TL;DR
I just paid off my mortgage, saved 28 years of interests, I have reached my moon.
[link] [comments]
BTC transfer 153 confirmations but still Pending??
I sent a btc transfer 24hrs ago. It now has 153 confirmations but my merchant says they can't collect the coins because it's pending?
I've never heard of such a thing. Has anyone had experience with a situation like this?
[link] [comments]
source https://www.reddit.com/r/btc/comments/ksrf3p/btc_transfer_153_confirmations_but_still_pending/
Why do people short in a Bull Market?
What is the point of these massive shorts? Don't they want bitcoin to increase in value? What is the sentiment?
[link] [comments]
source https://www.reddit.com/r/btc/comments/ksudps/why_do_people_short_in_a_bull_market/
My family have turned into haters
So many feels right now, y'all. My family knows I own bitcoin. They get louder the more the price goes up about how scammy/fad this is and how dumb I am if I don't sell. I'll admit I don't have the thickest skin and life would be easier if they at least partially agreed with me, but this is the first time I don't give a sh*t what anybody thinks of my conviction. I don't care if the price drops 50%. I'm in.
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I'm in IT but is only new to Crypto - don't shame. Started in December. Started on Bitcoin Cash.
I'm in IT but is only new to Crypto - don't shame. Started in December. Started on Bitcoin Cash.
Spent a week studying it. Played around making INSTANT and COSTLESS fund transfers between fully anonymous wallets from different apps on my different phones. Also played with BIP38 encrypted Paper Wallets as a means of Cold Storage. Made INSTANT and COSTLESS deposits/withdrawals from online "merchants" like blockchain.poker and cashgames.bitcoin.com. I know some physical retail merchants in my area that accepts BCH will give that a try soon. BCH makes me a believer in crypto. I'm spreading the words (and small amount of BCH - there's no better way to understand it until you have some to play with) to family and friends.
Researched a bit about the toxicity between BCH and BTC. As newbie crypto user I don't care about this history (though I favors BCH due to phisolophical ideals). What I cared about is speed and fee. I haven't tried BTC because the fees would have eaten up the amount I wanted to test it.
The way I see it : BCH is currently $450. This is the same as BTC at $45. Because the Cash Market is 10x the Gold Market.
[link] [comments]
source https://www.reddit.com/r/btc/comments/kss3eg/im_in_it_but_is_only_new_to_crypto_dont_shame/
Roger, when SLP USDT support on your bitcoin.com exchange?
BTC and Ether fees are ridicoulous!
[link] [comments]
source https://www.reddit.com/r/btc/comments/ksp7of/roger_when_slp_usdt_support_on_your_bitcoincom/
My favorite thing about Coinbase
When btc pumps and you think you might sell.... NOPE Coinbase goes down and forces you to HODL. Thank you Coinbase for keeping me disciplined.
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I found the private keys to my 127 Bitcoins I lost 8-9 years ago. I’m at a loss for words.
Back in 2011-2012 (I can’t remember exactly which year it was,) I was playing a game with my friends called Dark Orbit. Within the game was this valuable in-game currency called Uridium that allowed you to by premium space ships and high-tier ammo and whatnot.
To get Uridium you had to actually buy it with real money. Being just kids at the time, me and my friends couldn’t afford to buy it so we started looking online for sites that give you free Uridium.
This one site (I can’t remember what it’s called it’s been so long,) lets users buy Uridium with Bitcoin. We had no idea what Bitcoin was, but we found out ways to get free Bitcoin through surveys, watching videos, and completing random online tasks.
I managed to “earn” 127 Bitcoins by doing this but never ended up buying the Uridium. I don’t know why I didn’t buy it, but holy fucking shit I’m so glad I didn’t.
I used to play Dark Orbit mainly at my grandpa’s house, and I was there for around a week during the holidays. While I was there I was going through his old Dell computer that I used to play the game on and came across a .txt folder that was labeled “Keys”.
I’m at a complete loss for words. I sold all 127 Bitcoins on January 3rd for a little under $34,000 per coin and the USD just arrived to my checking account this morning. At the time I’m writing this, Bitcoin just surpassed $38,000.
Literally took me 2 hours to write this because I’ve been constantly balling my eyes out while typing. Made a Reddit account just to share this story with you all. Thank you to all the believers of Bitcoin who made this possible.
Hold On for Dear Life.
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Thursday, 7 January 2021
I have more money in Bitcoin then I’ve ever had in USD.
Which isn’t a lot, I’m 15 and always spend money as soon as I get it.
Feels good, as of today I’ve essentially doubled what I first put into Bitcoin.
I essentially put in all my birthday money, then have been DCAing (not sure if that’s the right term but oh well) part of my allowance since then.
From your friendly neighborhood 15 year old that’s obsessed with Bitcoin, have fun HODLing.
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Don’t take advice from my dad...
So, the first time I learned about Bitcoin was around in 2011 or 2012. The end of the Mesoamerican Long Count calendar was nearing and I wanted to invest in something as a hedge against bank issues (silly, I know, but led me to Bitcoin). It was a video or article by Max Keiser that convinced me.
I was NOT wealthy, but had $1,000 and wanted to buy 100 bitcoin. Yet, alas, my dad told me I was a fool and talked me out of it. (my ex husband agreed with him).
I was mad when it went to $19k in 2017. I thought I missed the boat and I forgot about it, especially since I was on the precipice of getting divorced.
When it crashed to $5k earlier this year, I went on Reddit and you all convinced me to buy. I did, a full Bitcoin.
When it went to $20k again after the election, my dad, again, scared me into selling. I did.
When it went to $23k I was upset, but my dad assured me it would “crash.” It didn’t. I wanted to buy, but didn’t.
When it went to $27k I was upset, but again, my dad assured me it would “crash,” but it didn’t. I wanted to buy, but didn’t.
When it went to $30k I was like, fuck it, I’m taking the loss and buy back in. I don’t have a full bitcoin, but I have a chunk.
Moral of the story, fuck my dad’s advice. He may know stocks, but doesn’t know jack shit about crypto.
I learned my lesson the hard way.
HODL, bitches.
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How The Banks Bought Bitcoin
Just thought I'd upload some very important info from this subreddit that I had seen in the past on here, now that I have been starting to pay more attention to the scene recently.
The bankers are very much involved in bitcoin.
The sooner we get this out, the sooner ppl will start to realize that Bitcoin Cash is the real Bitcoin that Satoshi intended.
How The Banks Bought Bitcoin [video]
https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&ab_channel=DecentralizedThought
He talks about how Blockstream took over bitcoin.
r/btc posts:
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been *chairman* of the Bilderberg Group since 2012.
https://www.reddit.com/r/btc/comments/47zfzt/blockstream_is_now_controlled_by_the_bilderberg/
details:
Bitcoin Startup Blockstream Raises $55 Million in Funding Round
Horizons Ventures and AXA Strategic Ventures are among the investors in the company, which is developing blockchain technology.
Blockstream, a bitcoin-focused startup founded by some of the industry’s most high-profile developers, raised $55 million in one of the largest funding rounds in the history of the virtual currency.
Investors including Horizons Ventures, Tokyo-based Digital Garage and AXA Strategic Ventures, the investment arm of insurance giant AXA SA, contributed to the funding. ...
http://finance.yahoo.com/news/blockstream-announces-55-million-series-140000240.html
Blockstream Announces $55 Million Series A Investment Bringing Total Capital Raised to $76 Million
SILICON VALLEY, Calif., Feb. 3, 2016 / PRNewsWire
The round is being led by Horizons Ventures, AXA Strategic Ventures, and Digital Garage, with participation from existing investors including AME Cloud Ventures, Blockchain Capital, Future\Perfect Ventures, Khosla Ventures, Mosaic Ventures, and Seven Seas Venture Partners.
https://en.wikipedia.org/wiki/Bilderberg_Group
Bilderberg Group - Chairman of the Steering Committee: Henri de Castries (since 2012)
https://en.wikipedia.org/wiki/Bilderberg_Group#Criticism
Partly because of its working methods to ensure strict privacy, the Bilderberg Group has been criticised for its lack of transparency and accountability.
Due to its privacy, Bilderberg has been accused of conspiracies.
This outlook has been popular on both extremes of the political spectrum, even if they disagree about the exact nature of the group's intentions.
Some on the left accuse the Bilderberg group of conspiring to impose capitalist domination, while some on the right have accused the group of conspiring to impose a world government and planned economy.
https://en.wikipedia.org/wiki/2015_Bilderberg_Conference
Henri de Castries, Chairman, Bilderberg Meetings; Chairman and CEO, AXA Group
https://en.wikipedia.org/wiki/Bilderberg_Group#Chairmen_of_the_steering_committee
Chairmen of the steering committee
Prince Bernhard of Lippe-Biesterfeld (1954–75)
Alec Douglas-Home, Baron Home of the Hirsel (1977–80)
Walter Scheel (1981–85)
Eric Roll, Baron Roll of Ipsden (1986–89)
Peter Carington, 6th Baron Carrington (1990–98)
Étienne Davignon, Viscount Davignon (1999–2011)
Henri de Castries (since 2012)
Here are all the CEOs and politicians going to the top secret Bilderberg Conference this week (Jun. 10, 2015)
Here's the full list:
Henri de Castries, AXA Group, Chairman and CEO
...
Henri de Castries might just be the most powerful man in the world. He is chief executive and chairman of one of the world’s biggest insurers, Axa, and a member of France’s illustrious noble house of Castries. But De Castries is also chairman of the Bilderberg group, a collection of political and business leaders from Europe and North America that meets in private every year to debate “megatrends and major issues facing the world” – or which is secretly running the world if you are a conspiracy theorist.
Blockstream is funded by the bankers that bitcoin was born to defeat.
https://www.reddit.com/r/btc/comments/7d8pjq/blockstream_is_funded_by_the_bankers_that_bitcoin/
Blockstream is controlled by ex-JP Morgan, Federal Reserve, Mastercard Banksters
https://www.reddit.com/r/btc/comments/7dsfvg/blockstream_is_controlled_by_exjp_morgan_federal/
Is segwit2x the REAL Banker takeover?
https://www.reddit.com/r/btc/comments/743qb8/is_segwit2x_the_real_banker_takeover/
https://www.reddit.com/r/btc/comments/75s14n/is_segwit2x_the_real_banker_takeover_part_two/
[link] [comments]
source https://www.reddit.com/r/btc/comments/ks7gva/how_the_banks_bought_bitcoin/
Stealth tipping in err bitcoin
BTC's barrier to new users through the 4/s tx rate is also a barrier to the upside in value for the coin
Click on this link, preferably on your mobile, and you get 30 cents in Bitcoin Cash (BCH)
Hey, selfish lurkers, take only one!
https://branch.wallet.bitcoin.com/oZ2h5t8lQcb
https://branch.wallet.bitcoin.com/mWbX6ebmQcb
https://branch.wallet.bitcoin.com/qcZ2f7cmQcb
https://branch.wallet.bitcoin.com/qnV3U9emQcb
https://branch.wallet.bitcoin.com/kAcPLMgmQcb
https://branch.wallet.bitcoin.com/3VnVzkimQcb
https://branch.wallet.bitcoin.com/2rByUPjmQcb
https://branch.wallet.bitcoin.com/4boeZ4lmQcb
https://branch.wallet.bitcoin.com/OvOiOxnmQcb
https://branch.wallet.bitcoin.com/gUiCw9omQcb
https://branch.wallet.bitcoin.com/IfT5WqqmQcb
https://branch.wallet.bitcoin.com/XfECbMrmQcb
"One meatball to each, and potatoes as many as you want"
(Sunday dinner at my single mother grandmother's home with her 9 children)
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source https://www.reddit.com/r/btc/comments/ks5y48/stealth_tipping_in_err_bitcoin/
I’m officially in.
I’ve always had a little bit in Bitcoin but with how high it is climbing I wanted to have more but had no money. I sold my high end gaming pc for the better and invested the whole 4K into Bitcoin
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Spend it!
It's p2p cash. If you want to make money on speculation go buy orange coin. Put your money where your mouth is and spend it.
[link] [comments]
source https://www.reddit.com/r/btc/comments/ks64l8/spend_it/
Twitter and Facebook have temporarily blocked Trumps accounts. Censorship is not good and whoever controls the platform should not control the narrative.
Bitcoin Cash Argentina on Telegram
A todos los hispanohablantes, y sobre todo a la gente de Argentina, los invitamos a unirse a la conversación en Telegram: https://t.me/BCHArgentina
Contexto: Argentina es un país que actualmente está pasando una crisis económica y cuya moneda (el peso) se devalúa fuertemente. Las características de Bitcoin Cash ofrecen una oportunidad para liberar de la crisis financiera a millones de personas.
¡Te esperamos!
To all Spanish speakers, we and particularly people from Argentina, we invite you to join the conversation at Telegram: https://t.me/BCHArgentina
Context: Argentina is a country currently facing an economic downturn. Our currency, the peso, loses value strongly each day. The characteristics of Bitcoin Cash make it ideal to free millions of people from the financial crisis.
We are waiting for you!
[link] [comments]
source https://www.reddit.com/r/btc/comments/ks4efw/bitcoin_cash_argentina_on_telegram/
Using Applied Economics to Bitcoin and why it matters.
Let me first start out by thanking this subreddit, as it truly has changed my life. The information sharing and passion found in this community is something that is awe inspiring.
Just a little background - I graduated with an applied economics degree and have been working in finance for over 10 years. I first heard about Bitcoin from a friend during the 2017 run up to the previous ATH and told him he was a fool to invest in it. I advised him to go read up about tulip mania and get back to me. I also felt pretty vindicated when it eventually “crashed” in 2018. The problem I had was that I only looked at Bitcoin and cryptos in general, from a very surface level perspective. I also was worried about no central authority, network security, and no regulations. Fast forward to 2020 and I’m now literally begging my friends and family to buy some before it’s too late.
What changed? My fears about the global economy has been growing rapidly the last few years. We are at a time when an estimated 17 trillion dollars worth of debt is producing a negative yield (I don’t want to get too technical here, but trust me this is insane). Meanwhile we have 28 trillion dollars in US debt alone - with that number growing rapidly ever year. We are getting to a point in which every dollar the government receives in a year will go to paying interest on that debt. The federal reserve can’t raise interest rates, basically ever at this point, because they will bankrupt the government with higher interest rates on those debt payments. So the only way for the fed to pay our debt is to print more money to meet those obligations. We are truly at a moment of no return (please don’t listen to the MMT crowd, as they are a bunch of ass hats). The dollar being used as the global reserve currency is where this massive problem comes into play.
What does this have to do with Bitcoin? Since inflation is inevitable, where do you put your money to preserve it’s value? Of course there is gold, and that was my first thought. But then sometime in June I ran across an article about Bitcoin, that led me to this subreddit and then down a rabbit hole that I will never escape. Bitcoin is superior to gold in every way, so it truly is the most logical choice. But in economic terms Bitcoin is a pristine piece of collateral that honestly will become the new global base collateral for all of finance. In the financial world Bitcoin solves a ton of problems: everyone can audit it, it is immutable, no double spend of collateral (trust me this happens all the time with government bonds today), the entire system is deflationary, it has a fixed total amount, and a massive amount of value can be sent across the globe in minutes (try taking self custody of gold and sending 100 million dollars of it anywhere).
Let me stop here because I could go on and on...but can hear my wife in my head right now saying just stop there and let them digest this post. If for some reason this post is worthy of your attention, then I would love to do a second one about how I see this space growing from an economic standpoint.
You all are amazing and I really do hope my first post on Reddit is of value. I promised I wasn’t going to say it...To the Moon ladies and gents!!!!
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Bitcoin is hitting all time highs while the capital is being stormed
Strange isn't it, it's almost like people think Bitcoin is an insurance policy for the future society :)
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Wednesday, 6 January 2021
I'm trying to visualize the BCH goals, players & operations. Who does the actual work to develop and maintain BCH? A team of a few people working pro bono, or larger orgs with financial support? For example, who would increase the tx rate, and how much work would that take?
My questions stem from reading the below pieces, which you guys sent in reply to my past questions. This is fascinating to me. Thanks!
https://news.bitcoin.com/three-years-in-a-bitcoin-cash-update-from-one-of-its-founders/
https://read.cash/@Melis/whether-you-like-it-or-not-bitcoin-cash-is-your-only-chance-f02c4ad2
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source https://www.reddit.com/r/btc/comments/krgy0d/im_trying_to_visualize_the_bch_goals_players/
Thank you Bitcoin, you have now officially wiped out my student loans
When I was getting my MBA, I had to sell all of my assets to pay for school and took out over $100K in student loans. The only thing I didn't sell was my Bitcoin. Today Bitcoin surpassed $35,386 triggering my sell order of 1 BTC that is equal to my current student loan balance. Now I am debt free and can switch focus from paying off my student loans to saving for my daughter's college fund so she never has to take on debt for college. Thank you Bitcoin, you have changed my life and the life of my family forever!
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Max Keiser says $220k by year end
So 5 BTC could make you a dollar millionaire....... (Max has been the most accurate with his predictions recently).
Thoughts ?
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Magic trick to pay NO TAXES on bitcoin...
Just don’t sell it.
Edit: Whoever gave me a silver, that’s my first reward thingy ever. Thank you so much!!!
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Took out equity in my home to pay off high interest debt, and buy Bitcoin in November. Made my money back and then some. HODL till the end.
I see a lot of people paying of their mortgage with BTC. That's great, that's fine. I did the reverse. It's "risky" I know all the B.S. But if BTC crashes and never returns, I'll have no regrets. I'll take the risk, and be happy knowing I believed in something and went for it. I'd much rather live with a regret of going with my intuition and not having it pan out, than ignoring it, and later wishing I had for the rest of my life. Money lost is a lot less painful than an opportunity missed.
- - - edit - - -
I didn’t technically make my money back. I should say, if I sold today, I would. But I’m HODLing till the end.
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Newcomers, stay away from bitcoin.com and blockchain.com
Both sites are notoriously bad, anti-bitcoin and will try to sell you bcash trash.
bitcoin.org is a great start.
Also, not your keys, not your bitcoin.
And do your own research.
Stay safe and welcome to the wonderful world of bitcoin.
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Bitcoin Cult
I'm new to the crypto-community, though I've been casually following Bitcoin since watching "Banking on Bitcoin" around Dec. of 2018. At that time, all my accounting professor would talk about is blockchain technology, though I first heard about it in high school.
I want to preface with the fact that I think in the long-term, there will be shifting demand for a de-centralized currency.
However, it seems the bitcoin community (r/Bitcoin) has a cult-like obsession with HODLing no matter what. I have nothing against HODLers or purists, and if people can stomach the volatility, as long they don't buy high and sell low, then good for them. But the idea of HODLing is a little counter-intuitive to me. If they hold at all costs, is this in anticipation of using Satoshis as currency? Or do they actually just plan on cashing out into USD and using their earnings? Even the official whitepaper for bitcoin on Bitcoin.org
has the title "Peer-to-Peer Electronic Cash System". We'd be naïve to say that HODLers are using it for its intended purpose, and instead as an investment vehicle, or like digital gold.
Further, Bitcoin has a high correlation with the S&P 500, yet it's supposedly supposed to be cash. It's not an equity, not cash, not gold.
The following are my concerns:
Environmental sustainability/Scalability of
- Bitcoin is notorious for using lots of energy. While a shift towards renewable resources will help, it seems bitcoin is inefficient when compared to VISA or even Ethereum. https://www.bbc.com/news/technology-48853230
What I think bitcoin promises: a universal, de-centralized currency.
However, there are regulatory concerns, such as money-laundering.
Is a deflationary currency one we really want?
I have my hardware wallet, I'm interested in de-centralized currency, but especially with the echos of previous rallies (and crashes) with bitcoin, I still remain skeptical. (Even with the institutional investment).
For instance, the market-cap has surpassed VISA, yet VISA is much more widely used.
In closing, I guess my message is for the crypto-currency, specifically Bitcoin enthusiasts to consider other crypto-currency as viable. Clearly, bitcoin has some utility, but as cash, I remain a little skeptical (unless it's satoshis).
I think that to dismiss other cryptocurrencies/altcoins as "shitcoins" is short-sighted.
My questions:
Aside from Bitcoin's supply being established as finite, can its scalability problems be solved?
So long as it has a finite supply, is it actually possible for it to be used as currency? Or will people HODL indefinitely, causing deflation and economic stagnation. (Of course the infinite supply of USD is not ideal, but perhaps the Bitcoin community hasn't even heard of John Keynes!)
Most importantly, is there an alternative crypto-currency that is more scalable, practical, etc.?
(Now I'm an accountant, not a scientist, economist, or computer scientist, so I'd appreciate any corrections if I make any inaccurate claims!)
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source https://www.reddit.com/r/btc/comments/kr9y8e/bitcoin_cult/
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