Sunday, 21 November 2021

Current amount of BTC lost in addresses that hold less than the fee?

Opened up a old mycelium BTC wallet from years ago, 1 of the address it controls has 0.0001 BTC, £4.40 worth currently. What's the fees like these days ( don't pay much attention to BTC ) could I economically send it ? Or is it just stuck there and if it is, how much BTC is sat in addresses that don't realistically have even enough in them to cover the transaction fee ? I'd take a guess and it's probably a lot !!

I think I would of sent that 0.0001 back in the day to just confirm the address before I transferred more to it, I doubt I was the only one to test addresses like that.

submitted by /u/CDSagain
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source https://www.reddit.com/r/btc/comments/qyggae/current_amount_of_btc_lost_in_addresses_that_hold/

69-Year Old Israeli Lady Turned a $3K Bitcoin Investment to $320K: Now the Bank Refuses to Deposit

69-Year Old Israeli Lady Turned a $3K Bitcoin Investment to $320K: Now the Bank Refuses to Deposit submitted by /u/magnuspetrus
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I want to share some Bitcoin on the Lightning network with people who never used it

Yay happy Saturday. I have a little btc left on my reddit LN tip bot wallet.

If you never used a Lightning app before, Download one. Muun, Breez, Phoenix, wallet of satoshi and more. Im using muun

Tell me which one you downloaded and I will send you a lightning tip with the ln tip bot.

I will try to send to accounts that have activity in the last days and look real lol

submitted by /u/10YOredditandbitcoin
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I just came here to say.... Oh man what happened to this coin, the wannabe bitcoin

I just came here to say.... Oh man what happened to this coin, the wannabe bitcoin submitted by /u/bitking74
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source https://www.reddit.com/r/btc/comments/qyfhc3/i_just_came_here_to_say_oh_man_what_happened_to/

**Last time that I'm posting this Last Time just in case anyone missed this** 💰💵🤑 Effortless Money 💰💵🤑 legit $5 instantly for signing up to Strike. No deposit. Instant Transfer. You're Welcome 👍🏻

submitted by /u/ScaredforFun
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source https://www.reddit.com/r/btc/comments/qyeoyy/last_time_that_im_posting_this_last_time_just_in/

Bitcoin futures and how they might not be able to suppress price.

It was raised earlier that the rise of bitcoin futures etfs could allow governments and central banks to suppress the price of bitcoin.

I do not believe in the long run this could work.

The shorting of bitcoin through selling of cash settled futures contracts only works through the arbitrage created between the spot market and the futures markets.

Any entity with a long term view on bitcoin could use this arbitrage to progressively buy greater amounts of bitcoin for the lower prices.

This would end up further restricting supply and eventually increasing prices.

The more the price is suppressed the more shorting is required to keep it down. This would end up being another way that printed money would enter the economy, which would add to inflation and increase the value of bitcoin relative to the money supply.

Whichever way you look at this as long as the buyers of bitcoin take ownership of it the price is very difficult to manipulate.

submitted by /u/Alekspish
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Bitcoin: Utility Trumps Speculation in The Long Run

Bitcoin: Utility Trumps Speculation in The Long Run submitted by /u/SnakeDoc25
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source https://www.reddit.com/r/btc/comments/qydrsj/bitcoin_utility_trumps_speculation_in_the_long_run/