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source https://www.reddit.com/r/btc/comments/rdkrtt/exclusive_us_preparing_indictments_against/
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I am a beginner who just bought 200 dollars worth of bitcoin yesterday and invested it. I only know that you should hold on to it as it will increase over time. However, I'm hearing more about this bitcoin dip that's happening right now and how you should buy whenever there's a dip. I want to learn more about bitcoin, so it would be great if anyone could give some advice.
So this is my Earning Report:
I earned $605.16 in eleven months.
Time spent: Max. 5min per day while watching TV/Netflix or Youtube.
Full proof of my earnings & payouts directly to Coinbase: https://imgur.com/a/R895hgv
Is it worth the time? In my eyes yes.
You will receive most earnings in BTC (over $200). There are over 50 other coins (ETH, ADA, BNB, MATIC and many more) to earn but BTC brings the best ratio.Link: https://autofaucet.dutchycorp.space/
How does it work:
DutchyCorp let's you do tasks and surveys where you get awarded Dutchy Coins. With these coins you are able to let a Faucet running and you can get paid in over 50 coins. I only do payouts with the coins featured to be paid out to Coinbase. Therefore I don't pay additional fees.How are you able to get the best possible earnings on DutchyCorp:
- Do the Coin Rolls and Dutchy Rolls for daily Bonus
- Run the Autofaucet on weekend with 20% claim Bonus
- Do Surveys on Offerwall to be able to earn more DUTCHY and increase your own level
- be active to get some free Coins by the RainBot
- Go to the Shortwall and click on the pages on a daily base
- Run the AutoFaucet with Balance Mode for additional 10%
I did my payouts directly to Coinbase. Payouts are really fast and after about ten seconds you get confirmation of your withdrawal. If you are new to Coinbase, you can get an additional $10 of Bitcoin after you have bought Bitcoin worth $100 with this link: https://www.coinbase.com/join/lussy_u
They hold such large amounts. By simply selling some they can drop the price and those who are leveraged get stopped out, which drops the price further. Like a cascading effect.
Then the whale just buys even more Bitcoin again and becomes an even bigger whale.
I worry that this is what’s happening.
The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.
Here is the place to discuss and learn more about lightning!
Ask your questions about lightning
Provide reviews, feedback, comparisons of LN apps, services, websites etc
Learn about new LN features, development, apps
Link to good quality resources (articles, wikis etc)
Resources:
Here is an awesome list of resources compiled by Jameson Lopp: https://www.lopp.net/lightning-information.html
Want to test out your lightning fire power? tip the Bitcoin devs! https://bitcoindevlist.com/
Previous threads: Search
Lnbook getting closer towards being finished and can already be seen at: https://github.com/lnbook/lnbook
Lightning Dedicated YouTube Channel: https://youtube.com/renepickhardt
Also there is the playlist by chaincode labs: https://youtube.com/playlist?list=PLpLH33TRghT17_U3as2P3vHfAGL8pSOOY
Lightning stores: https://www.lightningnetworkstores.com/
Learn more and talk about lightning right here in r/Bitcoin, r/bitcoinbeginners, r/thelightningnetwork, and the r/Bitcoin chat
Here are a few reasons why Bitcoin debit cards outweigh your traditional debit card: What Are Bitcoin Debit Cards and Why You Should Use One
You can use crypto to pay for groceries, transport, and everyday goods without having to worry about the premeditated work of selling and converting it.
As the conversions from crypto to fiat take place on the backend, there are no hidden costs incurred for foreign exchange conversions.
Many Bitcoin debit cards allow users to onboard a fiat option too, allowing them to interchange between paying in various cryptocurrencies as well as fiat currencies and saving the hassle of switching between cards.
Bitcoin debit cards can bypass conversion fees, simply offering cryptocurrency payments when you’re out of your own country, or another fiat wallet internally linked that allows you to load and spend the local currency wherever you might find yourself.
Cryptocurrency exchange Coinbase announced that qualified customers in more than 70 countries can now earn income through DeFi.
Cryptocurrency exchange Coinbase announced that customers in more than 70 countries/regions can earn income through the world of decentralized finance (DeFi) through the cryptocurrency they hold. arrive
Coinbase said in a prepared statement: “We are making DeFi more accessible, enabling qualified customers in more than 70 countries to obtain attractive DeFi loan yields on their DAI without any cost, lock-in Or troublesome settings.
At the core of this move is Coinbase's desire to make DeFi "more customer-friendly and approachable."
With DAI stablecoin, customers can choose to join to earn DeFi income. Customers' DAI assets will be stored in Compound Finance, which Coinbase describes as an "industry-leading" DeFi protocol. However, the interest on this rate of return is variable.
For example, in October, Compound's rate of providing DAI fluctuated between 2.8% and 5.3%. Coinbase stated: "Higher interest rates reflect both the unique way to obtain global liquidity and the increased risk that DeFi may bring."
Despite this risk, Coinbase is still optimistic about the prospects of DeFi. The exchange added: "DeFi has great potential to help increase economic freedom, and we are excited to provide a trusted and easily accessible way to participate."
However, this announcement has an obvious omission.
Although the service has been launched to 70 eligible countries, including major economies such as Germany and the United Kingdom, Coinbase’s DeFi benefits have not yet been provided to US customers.
U.S., Coinbase and DeFi
In September, when the U.S. Securities and Exchange Commission (SEC) threatened to sue the exchange, Coinbase CEO Brian Armstrong made a statement on Twitter on the premise that the exchange launched the Lend Income products.
"The SEC has recently seen some very rude behavior," said Armstrong, who regretted the SEC's statement that Coinbase's Lend would become a security, and his position was widely criticized at the time.
Cathy Wood -CEO of walls st. Juggernaut - Ark Investments mentioned on CNBC this morning that if institutions should dive into bitcoin with as little as 5% of their buying power…….bitcoins price could move to $500,000 Something to think about.
Not in it for the money, but what else can I do to help secure the network? What else can I do to contribute to the greater community?
Leaning towards running the Umbrel Bitcoin Machine. I try to orange pill everyone I know.
What else?
Join our EVP of Operations @Mariamoita as she shares her thoughts on the opportunities around #crypto adoption for financial institutions at @EBlockchainCon .
📆 13 Dec ⏰ 7pm CET 🎟️ https://eblockchainconvention.com
Like to do stable investment, coinbase company defi project is very stable, the use of USDT for mining revenue, the use of USDT without pledge is not to take any risk, there are 2%-5% of the daily earnings in your own wallet operation, want to earn how much you decide. message [link] [comments] |
It is never too late to invest in Bitcoin, especially if you are a long-term hodler. Always try to buy and hold BTC for more than 1-year, and you can get a decent return. If you invested in BTC 5-years back, your ROI (Return on Invest) would have been 8,000%, a return better than all other assets. 2018 was one of the worst years in the history of Bitcoin when the price went down from near US$20,000 level to US$3,400 level.
Even if you bought BTC at the peak of near-US$20K level in mid-December 2017) and held it till now, your investment would have increased by over 175% will now, which is again a better return than any other asset class including gold. The store value of BTC is amazing.
Almost the entire Wall Street believes that the price of Bitcoin against the US Dollar will increase anything from 2-folds to 10-folds by 2021-end or mid-2022. This means that each BTC price will be anything from US$100,000 to US$500,000 in the next 12-14 months. In fact, some experts also believe that in the coming 10-years (by 2030), the price of each bitcoin will become US$1-Million. This means you can always make a robust profit by investing in Bitcoins, no matter when you invest, till your investment horizon is holding for more than 1-year. The longer you hold BTCs, the higher the ROI.
My ROI got even better using NapBots.It provides me with well-designed trading strategies and increases my investment returns. Napbots currently provides exposure to 15 specific working strategies in an easy-to-use and very safe environment, with different time horizons.
Disclaimer: I’m not saying that trading bots are for everyone. I’m just sharing my thoughts and experience so please don’t attack me.
ps. I am not sure what flair to use opinion or discussion, thought maybe opinion is much appropriate.
Title. Basically, can we set a periodical archive of rBTC maintained elsewhere, ideally navigable and index-able?
The Austrian School of Economics defends that money should always arise on the free market.
Our current acquired view of money is set on it always being controlled by some sort of central entity (top-down via government). That central authority is in charge of managing both inflation and monetary policy.
Bitcoin, however, offers opposite paradigms. It has no central authority and its supply is limited, auditable, and known in advance.
Economies as a whole are complex and adaptive systems that flow from a different degree of top-down decisions (centralized) and bottom-up decisions (decentralized). It has been proved again and again that economies with an excessive top-down approach (centralisation) don’t allocate resources efficiently.
Problems with a Fiat standard
PRICE SIGNALS
All price dynamics in an economy are moved by an infinitely complex mesh of individual knowledge that a centralized entity cannot gather. The biggest problem of constantly manipulating the money supply is that it obscures and distorts price signals. It is impossible to find out whether the aggregate demand is growing naturally or because of the additional money injected into the economy.
When the money supply is constantly manipulated, the pure mathematical objectivity of its measurement cability is distorted.
Price signals, however, should always be just a pure mathematical coordinative force for free-market agents. If you measure a door with a measuring instrument constantly inflating its scale, then you don't know whether you measure the door or the instrument, you cannot distinguish the signal (the height) from the nouse (the changes in the unit of measurement).
With productivity gains, prices should fall naturally -we produce more with the same resources-. Price dynamics should only reflect real free-market dynamics. -economic preferences and real demand and supply dynamics-. However, constantly inflating the money distorts the mathematical purity of price signals. As a result, the precision of economic agents to make rational economic calculations is compromised, deriving inexorably in a less efficient economy.
DISTORTION OF TIME PREFERENCES & CAUSING BUSINESS CYCLES
Trying to plan monetary policy in a centralized top-down fashion also leads to the distortion of the time preferences of individuals. In the free market, a natural interest rate forms with the equilibrium between low and high time preferences, but in the fiat standard, borrowed money doesn’t come from someone else’s savings, it is just debt that gets created.
These dynamics make economic calculations less precise and cause the system to overborrow and misallocate capital. Today, interest rates are artificially lower without a lower time preferences. This according to the Austrian school causes the business cycles of boom and busts.
How does Bitcoin solve all these problems?
With a known, auditable, open-source and absolutely scarce limited monetary supply (mathematically objective), Bitcoin allows for pure pristine price signals, preventing inefficiency costs associated with monetary distortion. All price dynamics just reflect real free-market realities (productivity gains, scarcity, abundance,....) that come in aggregate from each economic agent’s decisions. Prices just reflect economic truth.
Interest rates also fluctuate according to real market demand and time preferences in the economy, smoothing the business cycle as a result.
In conclusion, Bitcoin not only allows for a more efficient economy to flourish as money just represents pure mathematical objectivity, it also takes the monetary power away from politicians, dictators, and bureaucrats back to the individual economic agents.
Autocrats like Erdogan in Turkey can corrupt the monetary policy of the central Bank of Turkey, but they will never be able to influence or alter Bitcoin’s monetary policy.
In this last regard, Bitcoin truly unleashes monetary empowerment for all economic agents.
Could this create a problem? Do old node miners still exist on BTC chain?
Hi I have an account on crypto.com I got my free coin, can u send them to my wallet on Coinbase? How? Thank u for answering
I’ve been into Bitcoin since 2016 and I rode that halvening then the following bear market like a boss. What we’re seeing right this second is no different than 4 years ago almost to the day. Halvening happened at the end of 2016 (2020).
Bitcoin touched a new ATH shortly after, then starts middling a little bit right before and through part of December of the next year 2017 (2021).
Finally, it surges to a whole new level that had only ever been speculated upon and most of the crypto market follows.
I’m not a Bitcoin maximalist, but I believed in BTC first and I always will believe in it as a store of value and the original founder of the financial revolution.
Keep HODLing and don’t you dare fucking sell!
Money Goals was created after Animal Capital founders Josh Richards and Marshall Sandman identified a lack of relevant resources for Gen Z that support knowledge of both traditional finance and new forms of finance like cryptocurrency.
"Kids today are less inclined to go to a textbook to learn about money - instead they want to learn from ...
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French here. Sold 13% of my stack to move & start my new life in Japan from January.
It was really hard to sell, heartbreaking. Bitcoin allow me to realise my dream.
For some time now, I've been getting reports from customers that Bitcoin mixers are stealing their coins. I now have a pretty good guess what's happening:
It's common for Bitcoiners to use Tor to anonymize their activity. Unfortunately, this has a major risk.
For several years now, an unknown attacker has been running malicious Tor nodes to steal users Bitcoin: https://nusenu.medium.com/how-malicious-tor-relays-are-exploiting-users-in-2020-part-i-1097575c0cac
Here is how the attack works:
Solutions:
Hello everyone, I and a few of my friends made an app for crypto traders/investors. It's Crypta.ai and free to use right now and very newbie-friendly.
Anyone can participate in the market with just a few clicks by investing in/swinging/scalping themed cryptocurrency baskets put together using logic, math, algorithms, and professional expertise.
So... baskets on Crypta.ai can be seen as similar to "real world" ETF's. And are an easy method for capturing capital growth and riding the market.
Our app is available on desktop and mobile devices. We currently support Binance only. Our service is very secure and new features are coming.
For more information on where Crypta.ai is headed, including roadmap, and to join our community. Please visit our website.
Also, it is important to note that we do not have/hold access to user funds via Crypta.ai.
Any help appreciated.... I have Coinbase but...
Location: Somewhere in northern Germany I have built a "heater" which digs Bitcoins for me and warms my living room at the same time. Since I spent quite a bit of time on this project and it wasn't clear in the beginning if what I came up with will work, I would like to present the project so you can benefit from my experience. I run 2 hashboards. These have a hashrate of 9.4 TH/s and would generate 0.00000220 BTC / hour according to a mining calculator. With an electrical power of 0.78kW. Let's say we produce 1000kWh of heat with the hashboards. Then we have to run the hashboards 1000kWh / 0,78kW = 1282 hours. This costs us 0.27€/kWh * 1282 h = 346€. We get 1000kWh in heat and 0.00000220 BTC/h * 1282 h = 0.0028204 BTC So at a rate of 50000€/BTC we get 141€ in the form of bitcoin. Compare this with gas heating: 1000kWh gas heat costs 90€ 1000kWh Electric heat costs 346€ and we get 141€ in Bitcoin so 346€-141€ = 200€. The rate of Bitcoin would have to be around 90000€/BTC for it to cost the same as gas heating. Gas price about 0.09€ / kWh Electricity price about 0.27€ / kWh Bitcoin price about 43700€/BTC Green electricity share in the power grid about 45%. Hardware: Antminer S9j (3 hashboards) with power supply. 30 liters tin bucket 20 liters Addinol white oil WX15 Radiator height: 60cm width: 80cm depth: 12cm Fabric hose, pipe fitting etc. Hot water pump Small PC fan Fan Simulator At first I wanted to operate the power supply in the oil (see the picture of the aluminum frame). But since I did not know how the thing runs, I have the power supply first left out. Conclusion: The system has been stable for a few days now. I usually use it in the morning and a couple of hours in the evening, when I am at home. The fan of the power supply I have also throttled a little (5 diodes soldered into the line of the fan) so he is still a little quieter. The volume of the hot water pump is very low. This I operate with an old notebook power supply with 19V. I bought the 24V version, there is also a 12V version. The power supply is the loudest component. The radiator I bought used. Keep in mind that in the radiator may be impurities which are then deposited in the bucket. This was not a big problem, but I recommend to consider this and maybe install a filter in the beginning. In the oil I also operate a small fan that circulates the oil. Thus, the temperature in the bucket is evenly distributed. After about 3 hours, the system is at maximum temperature. The oil temperature is then about 58°C, the chip temperature of the hashboards is max. 86°C and the radiator is about 45°C. The outside temperature is about 0°C at the moment and the Bitcoin heater manages to keep about 21°C in the living room. Next I will build a platform with casters and put the system on it. I plan to run the hashboards in spring with my own photovoltaic modules to reduce the mining costs. It is an interesting project and I have gained some experience. If you found this post helpful and maybe want to donate some satoshi here is my bitcoin address: 1DhNAhyd69PuqodLGCX4hz2EqGugFkqrPy Otherwise, stay healthy and HODL feel free to ask questions Aluminum frame to support the hash boards in the oil [link] [comments] |
Market sentiment has already dropped off substantially in just a few days. Fear and greed is at 18, which we haven’t seen since July. I think it’s reasonable considering the state of the stock market with the fed on the cusp of tapering, Evergrande just continuing to persist, risking contagion in the credit markets and oh yeah let’s just throw in a new variant that’s hyper-transmittable. Should be a fun little twist to the end of the year.. yay. I really do think we could chop sideways for some time or simply just bounce around in a range until the macro economic landscape changes (also I have 0 idea so don’t listen to me)
What I do know is that what Bitcoin does in the short-mid term will depend on the fed’s decision, tone and stance on tapering and how the broader market reacts to this. Everyone should be paying attention to this, yes it’s great to “buy the dip” and not worry about anything. Yes this is a good long term strategy but you should always be aware of major economic events like this. It impacts all of us drastically and by doing this you can make sure you take advantage of pivotal moments to better your financial life.
Consider that the stock market hasn’t seen one correction this year (a drop of 10-20% from highs). Yes the NASDAQ saw a 10% correction earlier this year but not all major markets. This is a statistical certainty it will happen just a matter of when. Don’t be naive and just disregard this because Bitcoin is a risk-on asset so it’ll be one of the first ones to go (in the short term of course)
We’re getting literally like 5x the amount of bad news all at once. Fed tapering earlier than expected, CPI being released next week (which is almost certainly going to be a higher reading than last month, which will just further push the fed to taper, more covid, end of year rebalancing and wash-sale shenanigans, horrible payroll numbers, and then China being China.
I think the sheer speed of Friday’s drop is not to be scoffed at. I mean yes we’ve seen much worse drops but a nearly 20% drop in like 2 hours is not nothing. A 15% drop in 10 minutes is crazy, especially considering the market we’re at now compared to the past. Yes I know it was liquidation cascade and stop loss hunting to clear out the high order book bids. Overall it was necessary, we had far too much leverage and optimism for way too long. Definitely a positive going forward.
That being said I’m loving seeing the sentiment swing from hype to extremely negative. Not on here of course since most of us actually know what we own and have done our own research. I’ve been seeing a ton of, “We’re now in a bear market for the next 3 years”, “I’m selling it all before it’s too late”. The more and more people start to say things like this the more I’ll begin doubling down. Once a large majority is bearish that’s when I want to be balls deep. Remember the past 3-4 months when everyone was guaranteeing that we were going to be at 100k by the end of the year no questions. It never plays out how you think it will. Also we knew for months that the leverage was never flushed out. It was bound to happen. I could still feel myself feeding off the hopium and I know it. When this happens just show some caution. Try to be neutral in the short term. Just keep your head on your shoulders and think rationally. Continue to buy the dip and if you believe in Bitcoin average in with more on these amazing discounts.
Fight the urge to follow the herd.
Be aware of outside factors that can influence Bitcoin
Whatever the crowd is shouting, you should probably do the opposite or at least consider that they have no idea
How do I import the Litecoin transactions in my Coinbase Wallet into Cointracking to correct for the "Missing Transactions" being generated in he Cointracking software? Thanks, Ray..
Our team has been openbazaar community for more than 3 years , we are not anonymous . After Ob1 gave up, we continued to develop.
We will fix bugs, but we are not liars.
https://www.reddit.com/r/btc/comments/o3edw1/openbazaar_has_been_reopened_it_still_supports_bch/
https://www.reddit.com/r/Bitcoincash/comments/qyrmy3/the_mobile_app_of_openbazaar_will_soon_come_to/
Meet Bob. Bob is not smart, but he bought Bitcoin when it was $30k and feels really smart now. He has enough paper profit to buy a Corolla, but he is holding out for that Lambo at Xmas that PlanB promised him.
Meet Jim. Jim dismissed Bitcoin as a Ponzi scheme when it was $30k and didn’t buy. Jim regrets it every day and has massive fomo, but being smart Jim finds he can borrow Bitcoin for 0.01% per day from the Bobs of the world so he borrows a ton. He then sells the coins into an illiquid order book at midnight on a Friday EST. The price action takes out a cascade of stop loss orders sending the price down 20%.
Faced with losing his Corolla, Bob sells his coins. Jim buys the coins at the 20% discount, returns the borrowed coins and fills his own bags.
Jim repeats this every few weeks until there are no Bobs left with Bitcoin.
Eventually, Bitcoin reaches Bob’s Lambo price and Bob fomo buys some coins from the profit taking Jim. Bob never gets his Lambo, Jim does.
Don’t be Bob.