Get free crypto from Coinbase's Earn program. Convert to BCH. Give to friends.

submitted by /u/Systm11 [link] [comments]

source https://www.reddit.com/r/btc/comments/iw85xr/get_free_crypto_from_coinbases_earn_program/

Did you know that every day I pick a winner of The Golden Nugget ($10) for the best post on member.cash? Well, now you know 😉

submitted by /u/theamazingnuggets [link] [comments]

source https://www.reddit.com/r/btc/comments/iw7m1a/did_you_know_that_every_day_i_pick_a_winner_of/

Where to buy

I looked at the cryptocurrency market a couple years ago, but didn’t buy in then. Now seems like a good time. What’s the best way to buy BTC?

I’ve done some research and seen that some bitcoin are worth $10,000, but other bitcoin are worth $200. Why is there such a big price difference? Can I sell the $200 one in the $10,000 market? I feel stupid asking that... how can there be such a huge price difference?

submitted by /u/galmeg2
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source https://www.reddit.com/r/btc/comments/iw7lvn/where_to_buy/

Let's talk about Bitcoin price volatility.

The idea of that as more people adopt Bitcoin the price will stabilize to its long term exponential curve.

Here's why I think that's true.

1. We're already seeing this. Check out the price charts to confirm.

2. It makes sense. The ratio of seasoned Bitcoiners to new investors increases over time. N00bs are far more likely to panic sell for a loss. So as more and more Bitcoin users develop their strong aversion to selling, the sharp downward swings (caused by panic selling n00bs) are reduced in severity and frequency.

3. Plus now we have larger, more wealthy entities who buy the dip. Microstrategy already publicly announced that they're doing this. So large dips are cut off before they gain any momentum. You'll only see large downward swings if someone cashes out a few million dollars in BTC all at once. But the severity of those dips will be blunted.

4. Regular buyers: Grayscale Bitcoin Trust alone is buying more than 100% of the newly mined Bitcoins. Where do you think the extra Bitcoin is coming from? (BTW glorious nation of Kazakhstan just invested $700,000,000 in Bitcoin mining gear). Eventually this pool of existing Bitcoin that they're buying from will dry up more and more. That's without even considering the massive effect that the 4 year halving cycle creates.

5. At the next halving 31months from now, the amount of new Bitcoin created gets cut in half again for the 4th time. This will run the well even drier. Let's say Grayscale continues to buy the same amount (even though they will definitely keep increasing their investment and other players will join in too). The faster the reserve of already existing Bitcoin is getting bought up, the faster the price goes up. The halvings increase this every 4 years.

It is an absolute certainty that Bitcoin will outperform every alternative investment and one day replace or completely dominate every other type of money.

And for the Bitcoin scaling issue, the lightning network has already solved that. It does a million transactions per second, and has the capacity to send 10 BTC at once, instantly, for a few Satoshis (practically free). The Bitcoin blockchain will always run right about at capacity. The lightning network has private transactions. How do we know that Bitcoin together with Bitcoin lightning aren't doing as much business as Visa?

There is no limit for how high Bitcoin will go.

Compare this with TSLA. Today they have a P/E ratio of 1145. Many will consider this to be overvalued. That limits how high the stock price can go. Plus, you can't spend stock. You HAVE TO sell it first.

Bitcoin has no such limits. The price of Bitcoin can and will continue to go up exponentially over the long term. As volatility improves, the pace of price increase should increase as well. Accelerating acceleration. You never need to sell Bitcoin. Just spend it, unlike stocks or other financial instruments.

Eventually, after 6 or 7 more halvenings, Bitcoin will have a market cap of higher than the rest of the world's wealth combined. Every step is there between here and then. Eventually government created fiat money will be nearly entirely worthless by comparison.

This halving period will create another bull run as more institutional investors adopt the hold forever strategy. Volatility goes down. Bitcoin becomes more famous for its performance, draws deeper attention, converts more believers/investors, more people hold forever, Bitcoin price goes to infinity with no limit. It's just a matter of time.

Bitcoin is the most genius thing I've ever seen.

submitted by /u/BlandTomato
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Bitcoin Daily News Sept 18,2020

Simply Bitcoin, a channel that breaks down all the daily Bitcoin news. From twitter to important updates to cringy daily fails we have it all.

https://www.youtube.com/watch?v=14XFEL_hBMk&feature=youtu.be

submitted by /u/Simplybitcoin1
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Face masks just arrived fresh in 🇬🇧 from USA, love em ❤️

submitted by /u/D1verboy [link] [comments]

Problems with Crescent Cash and BIP47 payment codes

Hello, everybody! I just came back from a long recess from Reddit.

This is kind of complicated, but I’ll try to express myself the best way I can. I had a phone in which I downloaded Crescent Cash. I cautiously saved my seed in order to recover it later.

When I later changed my phone, I wanted to recover the funds stored in that wallet. What I did was to install the app on my new device and restore it with my previous seed.

I found I had no balance, which was weird because I clearly had some BCH. I double checked my seed with my old phone (that phone had Crescent Cash still installed and I could see my balance and my recovery phrase). Then I thought, “hey, I could just ‘send’ my money to my new phone.” I did that and scanned the BIP47 code in my new phone with my old phone. I sent all my balance and then waited.

Not a single notification came and I then had my new and old phones telling me I had no money. Apparently I’m misunderstanding something about payment codes and BIP47 (which seems to be Crescent Cash default), but where did my money actually go? I now think that I should have used another method to transfer my coins, but that was what I thought of in the moment because the amount wasn’t too big.

I would be glad if you could help me. Maybe this isn’t the best place, but I couldn’t find other way to ask about this problem.

submitted by /u/LeoBeltran
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source https://www.reddit.com/r/btc/comments/iw4i2i/problems_with_crescent_cash_and_bip47_payment/