Crypto 360°

Saturday 27 November 2021

When an asset drops 10% in a matter of minutes, here's what happened:

Step 1: Corporations with large amounts of money borrow thousands of BTC.

Step 2: They take the BTC and dump it on the market. This blows through buy walls and causes leverage traders to be liquidated.

Step 3: Fear and panic spread through the market. Shills and salty traders alike will flood social media with FUD. The price further dips.

Step 4: The hedge funds close the loop: they buy back the BTC they borrowed, pay back their lenders, and generate a profit.

They can do this because they have capital that you and I do not have. And they do it over and over.

Don't fall for their tricks. Just hodl. Or better, buy whenever you see a -10% price dip. You can be assured that this was NOT a bunch of ordinary individuals, who happen to take profits at the same time.

Bitcoin is truth.

submitted by /u/nonce--sense
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Why Bitcoin Has Value?

Question

submitted by /u/Jem_colley
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source https://www.reddit.com/r/btc/comments/r2tjjk/why_bitcoin_has_value/

BTC breaks previous low at $56,000, drops 10 percent for COINBASE:BTCUSD by BernardMikhail1

submitted by /u/BernardMikhail
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source https://www.reddit.com/r/btc/comments/r2sonn/btc_breaks_previous_low_at_56000_drops_10_percent/

Friday 26 November 2021

Bitcoin Cash Merchant Adoption - Phill's Logistical Service

submitted by /u/BitcoinCashCity
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source https://www.reddit.com/r/btc/comments/r29wsr/bitcoin_cash_merchant_adoption_phills_logistical/

What's the worst thing the US government can do against bitcoin?

Serious, theoretical discussion. I'm not claiming to be an expert on bitcoin, but just want to hear some thoughts. Let's say bitcoin is a big threat to the dollar's status as a reserve currency, what is the worst case realistic scenario? Let's not discuss "US government waltzes into your homes and takes your hardware wallet" because that's not a realistic scenario. If we reach that point, we have much bigger problems.

From what I can see, they've already done the worst and it's set capital gains against purchases by bitcoins. No one in the US wants to pay capital gains every time you buy something, most people don't want to fight the federal government believe it or not. This is fine with me, because it still allows bitcoin to be an asset class.

With how many billionaires, institutions, giant companies, jobs now revolve around bitcoin and crypto, could anything else harmful really be done? I doubt very much anyone in the US govt would want to rock the boat much at this point when their major donors and friends are becoming invested.

submitted by /u/butwhystherumgone
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ELI5: I've tried to research but why is BTC more popular than BCH?

I understand that there are several factors which favour BTC

Its the original
Branding/public perception
Social/Market buy-in (this is the biggest reason)

But when I look at BCH it is just so much cheaper per transaction. A $150 purchase of BTC had a total fee of $3, whereas the same $150 of BCH had a fee of less than a cent (not buying on exchange, I'm outside the USA)

So whats going on here? Is it faith in the system? The BCN and BCHSV thing would have shaken plenty of confidence. But when I look for IRL crypto spending, BCH is the one being adopted in South America

I've heard an argument that BCH has loo low fees, which means there are fewer miners, but surely the lower fees give more potential for transaction volume

Also, what is a lightening network?

So.... what's going on?

I'm an idiot btw, and purchased BCH at the peak this year thinking I was getting BTC. I'm now DCA into BTC and hodling the BCH

submitted by /u/ArtyDeckOh
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source https://www.reddit.com/r/btc/comments/r29sk4/eli5_ive_tried_to_research_but_why_is_btc_more/

My first in person purchase with BTC! (Manchester, UK)

submitted by /u/Captain_Isolation
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source https://www.reddit.com/r/btc/comments/r28r74/my_first_in_person_purchase_with_btc_manchester_uk/

An awesome visualization - https://ift.tt/3HNsN57

An awesome visualization - http://bits.monospace.live

submitted by /u/CoinCorner_Sam
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How to put bitcoin in your will, so your loved ones can inherit it?

I wonder if anybody has thought of this and come up with a safe, yet functionally guaranteed plan?

submitted by /u/behi66
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Bitcoin Processed 62% More Transactions Than PayPal in 2021

Bitcoin is showing more signs of adoption and growth as the cryptocurrency processed 62% more transactions in terms of dollar value than PayPal in 2021. The new information comes as critics continue to discuss the viability of bitcoin for a global level of payments.

The data was revealed by Blockdata, which published a report on Nov 23 comparing bitcoin with payment Mastercard and Visa. Blockdata primarily focused the report on whether bitcoin could compete with the two payment networks, to which it concluded in the affirmative, but with the caveat that it would take time. In 2021, the Bitcoin network processed about $489 billion per quarter. PayPal processed $302 billion per quarter, while Mastercard and Visa were significantly ahead at $1.8 trillion and $3.2 trillion per quarter.

submitted by /u/Nasty_slutX
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