Wednesday, 17 February 2021

Grayscale owns 1.5 % of BCH

Hello!

I just updated the most recent numbers of Grayscale BCH trust.

It has been growing very nice.

It owns already 1.5 % of all the bch that has been mined since 2009 even though it has been around since August 2020. It is approximately 2 X the inflation. Meaning, the monster is eating BCH literally from our plates. Therefore, my advice is to think carefully what to do with bch.

BCH is probably the best thing that has happened for BCH. Especially if it can manage the growth and heck even grow faster.

For 401k savers, you might consider also BCH trust as a good option to diversify your stock portfolio. Despite the premium, in 20-30 years it will be most likely your best performing asset.

submitted by /u/JarmoViikki
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source https://www.reddit.com/r/btc/comments/llmy4j/grayscale_owns_15_of_bch/

It's seriously amazing how far technology has come since the scaling debate back in 2015-2016!

I remember first getting into Bitcoin back in 2015-2016 (somewhere around that time). I wasn't even in HS. I heard about Bitcoin through an app called slidejoy, which allowed you to get free money every time you unlocked your phone. At the time, I wanted to redeem my money for PayPal cards, but I couldn't get my PayPal account up and running. I had looked at the other options for redeeming money, and there was this option to redeem money in "Bitcoins". I redeemed a small amount, but never understood the actual concept of cryptocurrency. At the time I got my first few satoshis, I wasn't paying any attention to the "great scaling debate". I lost my Bitcoins, and didn't really think about them for a few years (until I got them back and spent them).

I remember being interested in tech over all, and hearing about SSDs and how they are a new form of digital storage that are going to replace normal HDDs. I was thinking about shopping for them, but at the time, they were ridiculously expensive, and I didn't have that money. I wasn't really old enough to work, and it seemed like a waste. Back then, even a SSD that had a capacity of 1 TB was almost a thousand bucks. I remember thinking "who in their right mind would pay 8x the cost for digital storage just to get it a little faster". Keep in mind that there were only SATA SSDs that were widely available at the time. Back then, my family's internet connection speed was only about 25 mbps.

Fast forward 5 years, and here we are today. I thought SATA SSDs were fast and impressive. Little did I know that we already have a "new" type of SSD that uses PCIe technology. Not only are they faster, but they make SATA SSDs look painfully slow. Today, I can get the same SSD I had back in 2016 for only about $150, (which has the same max speed of the SATA cap at 750 MB/s or 6 Gbps), and if I just want to pay a little bit more, I can get a PCIe/NVMe SSD, which is roughly 5x faster than a standard SATA drive, clocking in at roughly 32 Gbps or 4 GB/s. My internet home connection has also gone from 25 mbps to 300 mbps (and that is the slow option), an improvement of 12x. It really surprises me how far tech has come even in the last 5 years when I start looking back.

submitted by /u/1MightBeAPenguin
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source https://www.reddit.com/r/btc/comments/llmika/its_seriously_amazing_how_far_technology_has_come/

Me with no IQ in stock trading putting my money on Bitcoin:

Me with no IQ in stock trading putting my money on Bitcoin: submitted by /u/Ting1123
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First publicly traded German company buys bitcoin

First publicly traded German company buys bitcoin submitted by /u/Crafty_Supermarket15
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Passing $20,000 was more exciting than $50,000

Passing both of these ATH, were very different feelings. Hitting 20k felt great because it was a true struggle. It took about 3 years of a roller coaster ride to get there from the last ATH in 2017.

$50k on the other hand, came very fast and was not as exciting. We passed it and I was like, "Saw that coming".

Anyone else feel the same?

submitted by /u/The_Bitcoin_Dude
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Recently quit my job due in part to BTC

Just gave in my two week notice. Not going to say the amount, but my btc holdings have grown substantially this past year, enough for me to have the courage to leave a job that made me very unhappy.

I was wondering if others here have done the same. What have you all done since then?

I’ve told myself I will not work directly for someone else again. Only entrepreneurial work from here on out! 😁

submitted by /u/RedSquirrelGirl
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Most important lessons of being a bitcoiner for 5 years

I’ve learnt absolutely nothing cus I hodl’d

submitted by /u/Roastingisoverrated
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