Posts

Showing posts from February, 2020

It's all gonna be over soon

Image
It's all gonna be over soon Source

Zoom in for a surprise

Image
Zoom in for a surprise View Reddit by spookiestevie - View Source

How much is enough?

In your opinion, when hyperbitcoinization arrives, how many sats would be enough to retire, lambo, etc.? View Reddit by yankthrough - View Source

BTC Price

Isn't it kind of paradox that we all expect BTC to rise heavily in the future, yet most of us won't spend any sats because we think it will hit like $100.000. How should "mass adoption" ever take place if we all think of gaining more value in the future by holding? Don't you think that's paradox in itself? View Reddit by slash312 - View Source

Gold/bitcoin ratio might become the single most important financial metric on earth.

Comparing the price of bitcoin to dollars when determining its value today is as pointless as comparing the price of bitcoin to a kilo of gold now, it tells you absolutely nothing.. yet.. In these early days those comparisons are irrelevant. Volatility and violent free market price discovery make them irrelevant. Bitcoin is like the earth back when it was still forming with meteorites raining down and volcanos everywhere constantly erupting creating an insanely volatile environment that couldn't harbour life, just like bitcoin can't yet harbour stable commerce. Once speculation and store of value use cases have driven prices up to highs that represent the amount of wealth needed to facilitate global commerce life will emerge. Stability will form, skies will clear, the meteorites will stop, volcanoes will turn dormant, and the first signs of life will form. Commerce will emerge and evolve faster than you can imagine. Then and only then will a ratio like the gold/bitcoin ratio t

Everyone already knows Bitcoin is valuable.

The reason the IRS can state "virtual currency" in their forms and people automatically understand they are referring specifically to crypto and not other virtual currencies like in game currency or reddit coins or membership points etc, is because people inherently (maybe even subconsciously) understand bitcoin is different and holds true global free market value unlike other centralized company issued virtual currencies. They understand this subconsciously but haven't yet come around to cognitively and consciously accepting it. Centralized company issued currency is valueless and only decentralized free market freely traded currency holds value. Wait until they realize the Fed is a centralized company! View Reddit by slvbtc - View Source

I bought crypto years and never sold or did anything with them. Do I need to report them on my taxes this year?

title. thanks! View Reddit by smallsean - View Source

Trying to spread the word talking about bitcoin in front of 12000 viewers on twitch by giving donation.

Image
Trying to spread the word talking about bitcoin in front of 12000 viewers on twitch by giving donation. View Reddit by Crypthomie - View Source

Should Millennials Invest in Bitcoin for their Retirement? - Bitcoinist.com

Image
Should Millennials Invest in Bitcoin for their Retirement? - Bitcoinist.com View Reddit by 2jgilpulg2 - View Source

Website that tracks large sell/ask walls across crypto market?

If not someone needs to make this View Reddit by rezivor - View Source

Closed Coinbase account and funds missing after more than 2 years of being a faithful user

I’m a Coinbase Pro user since it was still Gdax and I was a huge fan. I’m an active but non-professional trader and I own accounts at more than one exchange, yet, to all of my friends and family who showed interest in investing or trading with crypto, I always recommended Coinbase Pro. About 10 people have opened or are about to open their Coinbase Pro accounts based on my recommendation for their first encounter with crypto. Then, a few days ago, I received a letter of ‘gratitude’: **NOTICE OF ACCOUNT CLOSURE**. After the initial shock and a normal human reaction to apologize if I did something wrong, to try to find out what was the problem and to try to resolve the issue, I quickly realized, after contacting the Coinbase support, that that’s not going to happen: >“for security reasons we are unable to elaborate on our internal decision process”. Being a huge fan and a supporter, I was a bit heart-broken. But soon, using my reason instead of my feelings, I made peace with that. I r

Who believes this nonsense? Wikipedia lost revenue by adding bitcoin payment option.

Image
Who believes this nonsense? Wikipedia lost revenue by adding bitcoin payment option. View Reddit by cryptohoney - View Source

Privacy Bitcoin & Incognito mode: Anonymize Bitcoin in a new way

Image
Privacy Bitcoin & Incognito mode: Anonymize Bitcoin in a new way View Reddit by hancryptomax - View Source

Favorite places to use the Lightning Network?

I want to use the new strike app beta to pay a LN invoice with USD but I'm having trouble finding places I can directly use the LN to pay for a product. Help. View Reddit by nikolabs - View Source

Why does it paste a different btc address than the one I copy ?

This might be a noobie question but it happens in two different desktop wallet now I realize it happens even in windows notepad : If I write the displayed address manually and delete the last letter, copy that and paste it still in the notepad, now its a whole different address again. Now if that's a security mechanism, it just doesn't work : I went along with the address that was copied to receive funds (luckily not much) and didn't receive cause this address isn't mine. So I tried with exodus wallet, manually copy the displayed address, but it wasn't valid so again I went along with an address that turn out to belong to someone else. Now on exodus I believe you owe two addresses : a segwit and a legacy one (correct me) So I took the second one (more conventional one that stars with a 1), manually copy it and it turned out to be valid and I received my money. But still I looked up the address that it copied and it stills belongs to someone else who used it 4 days a

Major german newspaper states that the euro will die to crypto

Image
Major german newspaper states that the euro will die to crypto View Reddit by Rapiz - View Source

Fidelity Acquires Stake in Hong Kong Crypto Firm BC Group

Image
Fidelity Acquires Stake in Hong Kong Crypto Firm BC Group View Reddit by localname1 - View Source

Wish you were here...

Image
Wish you were here... View Reddit by Blockpainbankgainmir - View Source

Simpsons Explain Crypto.

Image
Simpsons Explain Crypto. View Reddit by Kashpantz - View Source

Daily Discussion, February 22, 2020

Please utilize this sticky thread for all general **Bitcoin** discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. We have a couple chat rooms now! * [General](https://s.reddit.com/channel/872992_a777601838f7ede20d8fd0c831266eca4fcf2d31) * [Price Talk](https://s.reddit.com/channel/872992_7f67f22e296c2f65bd39f5af98f30a96b5e3e21e) Please check the [previous discussion thread](https://www.reddit.com/r/Bitcoin/comments/f77g7h/daily_discussion_february_21_2020/) for unanswered questions. View Reddit by rBitcoinMod - View Source

Bitcoin Optech Newsletter #85

Image
Bitcoin Optech Newsletter #85 View Reddit by chiefy81 - View Source

History Lesson

- People feared electricity - People feared first train - People feared first plane - People feared the internet - People feared hedge funds - People feared Bitcoin People fear what they don't understand. Don't get caught on the wrong side of history. View Reddit by Ruld1972 - View Source

The Five Laws of Gold

We live in an impatient age, and when it comes to money we want more of it now, today, not tomorrow. Whether it's a deposit for a mortgage or clearing those credit cards that sap our energy long after we stopped enjoying what we bought with them, the sooner the better. When it comes to investing, we want easy pickings and quick returns. Hence the current mania for crypto-currencies. Why invest in nanotechnology or machine learning when Ethereum is locked in an endless upward spiral and Bitcoin is the gift that keeps on giving? A century ago, the American writer George S Clason took a different approach. In The Richest Man in Babylon he gave the world a treasure trove - literally - of financial principles based on things that might seem old-fashioned today: caution, prudence and wisdom. Clason used the wise men of the ancient city of Babylon as the spokesmen for his financial advice, but that advice is as relevant today as it was a century ago, when the Wall Street Crash and the Gre

Practical Tips on How to Trade Cryptocurrencies

For some time now, I have been closely observing the performance of cryptocurrencies to get a feel of where the market is headed. The routine my elementary school teacher taught me-where you wake up, pray, brush your teeth and take your breakfast has shifted a little to waking up, praying and then hitting the web (starting with coinmarketcap) just to know which crypto assets are in the red. The beginning of 2018 wasn't a lovely one for altcoins and relatable assets. Their performance was crippled by the frequent opinions from bankers that the crypto bubble was about to burst. Nevertheless, ardent cryptocurrency followers are still "HODLing" on and truth be told, they are reaping big. Recently, Bitcoin retraced to almost $5000; Bitcoin Cash came close to $500 while Ethereum found peace at $300. Virtually every coin got hit-apart from newcomers that were still in excitement stage. As of this writing, Bitcoin is back on track and its selling at $8900. Many other cryptos have

Swap the Currencies With Forex Trading

Foreign exchange trading which is most commonly known as Forex trading deals with buying and selling of currencies. Forex trading generally occurs through an exchange and these exchanges facilitate exchange of currencies between the investors who are participating in the exchange deal from two different locations. These deals happen online and are traded at either at a pre-determined price or at current market price. Forex trading is the largest trading in the world after credit market trading. Various financial institutions and international banks are key participants of Forex trading. The trading occurs in different times in different parts of the world. The closure of Forex market in one country will be followed by the opening of another country market. This is the reason behind the fluctuations of Forex rates throughout the day across the world. And this is the reason many fear to invest in Forex. However, modern trading strategies cushion you and your investment to the

Trading Indicators: Fundamental or Technical Analysis?

No doubt one of many key indicators for a successful Foreign replace alternate is by precisely predicting the upcoming value movement of a market. There are a astronomical assortment of programs which would possibly maybe presumably well be extinct when trading. Some traders observe patterns and some observe the a vogue of reports to recordsdata them in their determination-making.  But these programs are gentle labeled if it makes expend of technical evaluation or traditional evaluation. Some traders expend traditional evaluation, some expend technical evaluation, some even expend a aggregate of both. As a dealer, you will want to perceive this two evaluation. It can support bolster programs that can further provide consistent income to your story. Technical Evaluation Technical evaluation is a methodology that forecasts the direction of market prices thru the ogle of historic market recordsdata. It's a ways one amongst the most customary programs in trading

U.S. Dollar's Effect on Commodities

Novices in procuring and selling, most ceaselessly request why the US dollar impacts the cost of many commodities available within the market. To retort to this keep a question to, it is wanted to comprehend first what a reserve currency is. Reserve currencies are currencies that are saved by Central banks and vital financial institutions in very dapper quantities. These currencies are ancient for vital investments, huge transactions, and all aspects that are related to the realm economy. One in every of the most critical reserve currency on this planet is the US dollar. It's widely known for its liquidity and it is a ways the currency of The US, one in every of the field's most critical and stable economy.  Commodities are most ceaselessly priced in reserve currencies. Gold, oil, metal, platinum and tons others are priced with the US dollar. Oftentimes, commodity consumers use the US dollar to get varied commodities. Thus, a sudden trade within the cost of

An Economics Education by Bitcoin - Part IV

Lawful as one can bewitch historical commodities on a more than a few of different exchanges in a more than a few of different countries, and now and then there could be keep variations between these exchanges, so too, there are a complete lot of Bitcoin exchanges, and there could be keep variations between them.  Arbitrage gamers pronounce excellent thing about keep variations to bewitch commodities in markets where there's surplus, and to sell commodities in markets where there's dearth. An identical opportunities exist in Bitcoin markets. You wouldn't demand of that to be so with a digital commodity, but where the rubber the truth is meets the road, there are exterior components. Most clearly, different exchanges in several countries feature in several fiat currencies, so as an illustration, when we overview the Bitcoin keep in US bucks between a Canadian-essentially essentially based alternate and a Hong Kong-essentially essentially based alternate, part of

Your Second Chance to Invest in Oil

There's a reason why oil is called black gold. Like bullion, it's difficult to find in large quantities, hard to get out of the ground, and - relative to all the people who want or need it - there never seems to be enough to go around. There's one key difference though: Bullion can be sliced, diced, melted, cooled and reused again. Oil? We just keep burning more of the stuff every day. All of which means - given the fearful headlines about a new "bear market in oil" - this is a second chance to buy into petroleum stocks or the commodity itself ... and be well rewarded. Oil's Zigs and Zags In case we've all forgotten, oil basically doubled in price - climbing to $ 51 a barrel - in just four months' time earlier this year. Did we think further advances were going to come without a pullback (or three)? The oil market is justifiably famous for its volatility, especially when rocketing out of its periodic bear-market cycles. It happened

From My Cold Dead Hands

Image
From My Cold Dead Hands [embed]https://youtu.be/8io-ViEZkok[/embed] View Reddit by manantial - View Source

Prepping for a Cryptocurrency World: China Edition

Over the past year, the cryptocurrency market took a series of heavy punches from the Chinese government. The market took the hits like a warrior, but the combos have taken its toll in many cryptocurrency investors. The market lackluster performance in 2018 pales in comparison to its stellar thousand-percent gains in 2017. What has happened? Since 2013, the Chinese government have taken measures to regulate cryptocurrency, but nothing compared to what was enforced in 2017. (Check out this article for a detailed analysis of the official notice issued by the Chinese government) 2017 was a banner year for the cryptocurrency market with all the attention and growth it has achieved. The extreme price volatility forced the Central bank to adopt more extreme measures, including the ban of initial coin offerings (ICOs) and clampdowns on domestic cryptocurrency exchanges. Soon after, mining factories in China were forced to close down, citing excessive electricity consumption. Man

Gold is Not Going to Be Cheap Anytime Soon

Imminent Sovereign default by countries like Greece and the real estate fiasco in the gulf country Dubai provided opportunities for the doomsayers to come out into the open and shout that gold would finally loose its shine. The price of gold did correct a bit as a knee jerk reaction but now gold is again flying high. Technically gold has convincingly broken the barrier at $1105 per ounce after a brief spell of correction and is now hovering in the range of $1120. The big relief has come from the U.S. Federal Reserves, as it sees no convincing reasons to raise the rates. Low interest rate regime is likely to continue for some more time and is likely to provide a comfortable background for gold prices to break their historical highs pretty soon. Having spent billions of dollars on revival of core industries and banking sector the Federal Reserves chairman is in no mood to throw a spanner into the painfully slow economic recovery process. The U.S Dollar would continue to be weak with moun