Bitcoin On Air: December 2020

Thursday, 31 December 2020

I’m going to bed. Call me when we get to 30

202-456-1414Thanks. via /r/Bitcoin https://bit.ly/3rJ2RPZ

I bought the ATH in 2011: A decade of HODLing

---

Every number between 0 cents and the current ATH has been, by definition, the all-time-high at one point. Don't let that prevent you from taking a risk in something you believe in. Extend your time horizon to a decade and lock your coins away.

---

I've been a libertarian since I was a teenager. The expanding role of the State is something that I've been worrying about for most of my life. While learning about the immorality of the existence of the State, at some point I learned about monetary policy and how inflation is robbing everyone on an unprecedented scale. I tucked this knowledge away and was determined to figure out a way around it when I started making my own money. (This paragraph is the only one involving political philosophy, go ahead and continue reading)

I first heard of Bitcoin in 2010 on one of the many forums I frequented in my libertarian internet circle. It was an interesting concept to me, but I didn't pursue it at all. Again I tucked this knowledge away for future use.

I heard of it again several months later (2010). This time I decided to try it out. I remember downloading and syncing the reference wallet and using a BTC faucet to send coins to my wallet. I forget exactly how many it was... 5, maybe? That's as far as I went with it though. At some point I deleted the wallet and the downloaded blockchain - probably to make room for a Steam game or something. Those coins are gone.

That's right - Steam. I have been a gamer for most of my life as well. I owned a powerful graphics card at the time: The Radeon 5970.

The third time I heard about Bitcoin was in May 2011. I had heard that the price was lifting off and people were making a lot of money from it. This time I decided to dive in and see what I could figure out.

This was where I fell into the deep rabbit hole of Bitcoin. I remember getting so absorbed in it that I didn't sleep some nights. I was working my day job, going home and learning all that I could about Bitcoin. Learning about how addresses were generated, how wallets worked, how mining worked, how the difficulty adjustment worked, everything that I possibly could.

After a week or two of obsessing and reading about Bitcoin, I decided that this was the most important invention since the internet - the most perfect form of money ever created. One of the most ingenious systems ever designed by man - and NO ONE KNOWS ABOUT IT YET.

I can't recall if any other coins existed at the time, but between 2011-2012 I remember other coins like Namecoin, Peercoin, Feathercoin, and some others. I don't hear about any of those other coins these days... besides LTC and XRP, of course.

I decided that I wanted in. I needed to get some Bitcoin. I needed it NOW!! This would be like buying stock in the Internet itself but better - no counterparty risk, and I could be my own bank!

I wasn't making a lot of money at the time, so putting money towards anything discretionary wasn't going to be friendly to my budget. Yes, I owned a badass gaming rig, but that was my only luxury in life. I knew I was going to buy for the long term, so I decided to put aside $500 and go for it. I was going to buy Bitcoin.

At the time, Mt Gox was the only game in town that I can remember. I don't think BTC-e existed yet, or maybe I just hadn't heard of it.

I signed up for a Gox account and figured out how to fund it. There were a few ways to do this, one of which was another app called Dwolla. So I signed up for Dwolla and got verified. I then deposited my $500 and initiated the ACH transfer to Gox. BTC price at the time: $3.

I had initiated the transfer on a Tuesday evening after work. I was informed that the transfer would arrive at Gox on Friday.

I watched agonizingly as the price climbed hour after hour, day after day. $3.50. $4. $5. $6. I was missing the boat!!! By Thursday evening the price had doubled.

At work on Friday, I checked my email on my phone practically every five minutes. The transfer didn't go through the entire work day. I had plans with friends that evening - damn it, I was going to have to try and do this on my phone while hanging with my friends?!

I ended up making my first BTC purchase while sitting in a movie theater. I bought 50 Bitcoin for $10 each - during an all-time-high.

I still hodl every one of these coins today.

(The movie, for the curious: X-Men: First Class)

I couldn't stop there, though. The more I learned, the more I had to know. The more I had to DO. That's when I got into GPU mining.

This was a time before ASICs. I believe GPU mining was relatively new -- before this, miners were only using CPUs (which were in 2011 -- like GPUs in 2020 -- obsolete for SHA256 mining).

The next day I dove headfirst into Bitcoin mining. I downloaded the software and set up an account on Slush Pool. I ran my 5970 on full blast for a while and went out with some friends. When I got back, my bedroom was noticeably hotter than it was when I left. So that's what I was going to be dealing with? Ok, fine.

I also couldn't play any demanding video games while the miner was running. I'd have to dial the hashrate down, or disable it completely. Ok, I guess I can manage that.

After a few days of dealing with that, I decided to buy another 5970. If I got bored of Bitcoin, it would still make The Witcher 2 run better!

All told, between mining with Slush Pool and BTCGuild for a month, I managed to mine an additional 50BTC that month.

I still hodl every one of these coins today.

One day, my electric bill came. $350. For my 1BR apartment? That can't be right...

I called up the electric company and told them they double-billed me.

"Nope, that amount is accurate. That's what you owe for this month. Have a nice day!"

And that was the day I stopped Bitcoin mining.

I had been telling all my friends and gamer friends about Bitcoin the entire time. They laughed at me. I told them they wouldn't be laughing when I was a millionaire.

Soon after, Bitcoin crashed -- HARD. Dropping from $32 at its peak to $2 over the next few months -- one of the largest price drops in its history.

I was dejected. I stopped talking about it with my friends. The gamer communities I was a member of made fun of me relentlessly, trashing Bitcoin every day. News articles celebrating Bitcoin's death popped up everywhere. It was the first major public crash, and I felt all alone.

I uninstalled the Bitcoin price widget from my phone. I moved on with my life and tried to forget about Bitcoin. I left the wallet on my PC, but deleted my copy of the blockchain.

I barely thought about Bitcoin for the next two years. Any time someone brought it up at work or in my friend group, I changed the subject. I was completely demoralized and thought I had fallen for the biggest scam of all time.

After this unbearable TWO YEAR period... Bitcoin came back.

One day I opened r/Bitcoin and saw utter elation all over the front page. What the hell was going on?

Bitcoin had surpassed the last all-time-high and was climbing still. $50... $100. And it was still going!!!

I snapped out of my multi-year funk right then and there. Somehow my paper financial loss had clouded my judgment and made me forget about the fundamentals that made me interested in Bitcoin in the first place.

"Bitcoin was back?" It had never left. It was still the same decentralized, unforgeable, instantly transferrable miracle asset that I had fallen in love with.

I got back into mining again, but I didn't leave my GPUs running 24/7 like I had before. Eventually, ASICs started coming out and obsoleted GPU miners, so I had to start mining LTC instead and selling them for BTC. I mined on a site called give-me-ltc and did my trades on BTC-e.

Eventually I got tired of managing my miners, paying extra for electricity, and dealing with switching stuff around for gaming. I stopped mining again and moved on to other things.

I exited this phase with an additional 30BTC and over 400LTC. I still hodl every one of these coins today.

Eventually, BTC hit $1000. I watched this live on bitcoinity.org. I remember this day vividly.

The graphic shown on bitcoinity for every price point was usually some sort of funny gif - someone dancing, someone acting crazy, someone making a funny face, Mr. Bean watching signposts fly past his car. This time, the gif was different - it was serious.

It was an astronaut on the moon. A flag was planted behind him bearing the Bitcoin logo.

Tears welled up in my eyes. This was significant. Bitcoin was being recognized for what it was - the most perfect form of money ever created.

My stack was now worth enough to pay off all of my six-figure student loan debt. I had thought that I would be paying this debt off for the rest of my life. Bitcoin meant potential financial freedom to me.

I didn't sell a single satoshi.

Of course, $1000 didn't last, and paying off all my loans with my stack was no longer a possibility. The price did not recover for almost FOUR years -- even longer than the previous crypto winter. During this time I bought a few more coins through Coinbase.

The 2017 run-up was a blur -- except for one day...

The day I became a crypto millionaire.

My family didn't grow up with a ton of money. I never had the latest clothes, toys -- well, anything. We weren't poor, but we scraped by. I didn't have a great education in personal finance.

Being a crypto millionaire went straight to my head.

Driving to work on that day, I remember thinking I was the most badass person on Earth. Somehow I had managed to manipulate some computer numbers around that were now worth over a million dollars!!

I couldn't help it - I told everyone at work. I was a crypto millionaire. I couldn't shut up about it. I told my family. I told my friends. I told everyone.

I went to the store to grab a few things. Walking the aisles, I couldn't stop thinking about it. "These people have no idea they're standing next to a MILLIONAIRE."

Of course, my crypto millionaire status didn't last long.

This time, though, I SODL a few coins at the peak. I bought a house and a car.

A month or two later, I was no longer a crypto millionaire.

Seeing the altcoin season was kind of crazy to me. For a few months, you literally could not pick a losing coin. Everyone was a winner. It was sheer insanity. I picked up a few ETH to get some exposure, even though I didn't (and still don't) believe in it long term.

I'm doing pretty well these days. I am numb to any price activity at this point. The last time I bought was the dip down to $4000 in March. I don't know how anyone could have resisted that one.

Other than what I SODL in 2017, I still hodl all of my coins.

You may be able to see a pattern here. There's always going to be another all-time-high. There's always going to be a crash or a correction. You're probably going to feel stupid more than a handful of times being a HODLer. But eventually these feelings go away.

I have a few more anecdotes and random thoughts to share, so I'll make them bullet points below:

- I held on to my BCH for a while. I will admit that I was TERRIFIED during the flippening. 6-12 months later, I sold them all for BTC.

- I immediately sold all my BSV for LTC.

- I hold BTC, LTC, and ETH. That's it.

- I don't believe in any of these centralized or "new and improved" shitcoins. I'm a BTC maximalist through-and-through. The only other coin I'd consider at this point would be Monero. I know almost nothing about it and I haven't done any research on it, so I don't hold any.

FUNNY

- I gave $5 of BTC to a friend in 2013. They forgot about it. I reminded them about it this year. They sold it for $175.

- I gave $30 of BTC to a friend in 2013. They sold it in 2017 for $750.

- I solo mined IxCoin (literal who?) for a few days because I wanted to feel what it was like to solo mine a block. I did not solo mine a block.

- My favorite Bitcoin meme is "This is gentlemen." Why don't people say that anymore?

REMINISCING

- Wallets I used: Bitcoin core -> Armory Offline (airgapped with TAILS) -> Electrum Offline (airgapped with TAILS) -> trezor

- Armory was flaky as fuck. I moved on to Electrum after the 20th time Armory failed to sync the blockchain. I remember having to manually export the private keys using some Python script because I couldn't get the wallet synced.

- Reddit is too slow for BTC sometimes, so I would go to the BTC-e trollbox to get some realtime action. Now that BTC-e is gone, I typically hang out in /biz/ when Reddit is boring.

REGRETS

- Not buying more. Not mining more.

- Not selling BCH for BTC immediately. That one still stings.

- Focusing a little too much on paying down debt vs buying more BTC.

- Buying precious metals in 2013. What a waste.

- Selling in 2017. But, I wanted a house and a car. Regretting taking profit is stupid, but I can't help it.

THOUGHTS

- I never once tried to convince anyone to buy Bitcoin, despite how much I talked about it. I tried to convince people of the potential and that the Fed was evil, but I never once said, "You should buy Bitcoin" to anyone.

- I see another 10x for BTC. Just buy BTC. Don't buy anything else. Just buy BTC and fucking HODL.

- HODL through these crashes. They make you stronger. After a few of them, nothing will faze you. Be a fucking man and HODL on to your coins!!!!!

- People just don't understand the network effect of the BTC protocol. No one cares that another coin has better features. No one cares that there are better internet protocols. They use what has the most infrastructure and support. Don't fall for these shitcoins.

- People don't understand the layering concept. Increasing blocksize simply isn't the solution to scaling Bitcoin - second layer and beyond is the solution.

- Taxation is theft.

Hopefully this was at least mildly entertaining.

Happy New Year!!!!!

Submitted January 01, 2021 at 08:54AM by Graphene_Hands https://bit.ly/383VLxN

Better late than never! Just bought my first $100 in BTC a couple days ago!

Long-time lurker here, but I wanted to officially join the community with a posting. I know $100 is really small, however, it's all I can afford right now. I remember back when BTC was $350 a coin years ago, I almost bought in, and then again a couple years back when it was ~7k, but decided against it both times. Quite a bummer times two, seeing how it turned out, but rather than kicking myself about it, I'm not gonna ignore my instincts a third time. Better late than never! Happy New Year everybody. via /r/Bitcoin https://bit.ly/3pydO4W

I'm going to save John McAfee's dick.

I'm going to buy 0.00000001 bitcoin for $1 which would make the market price for bitcoin $1 million / bitcoin.

Enjoy the spike!

Submitted January 01, 2021 at 05:28AM by fknr https://bit.ly/3pyWKvy

Bitcoin hits 30K exactly when the NYE ball drops in NYC

Don’t quote me on this but this is no 🧢 via /r/Bitcoin https://bit.ly/3pI2OBY

I bought the ATH in 2011: A decade of HODLing

There have been a few other long-term HODLers sharing their stories recently and I've greatly enjoyed reading them and reminiscing about Bitcoin's past. Here's my story - I hope it's as entertaining as the others.---Every number between 0 cents and the current ATH has been, by definition, the all-time-high at one point. Don't let that prevent you from taking a risk in something you believe in. Extend your time horizon to a decade and lock your coins away.---I've been a libertarian since I was a teenager. The expanding role of the State is something that I've been worrying about for most of my life. While learning about the immorality of the existence of the State, at some point I learned about monetary policy and how inflation is robbing everyone on an unprecedented scale. I tucked this knowledge away and was determined to figure out a way around it when I started making my own money. (This paragraph is the only one involving political philosophy, go ahead and continue reading)I first heard of Bitcoin in 2010 on one of the many forums I frequented in my libertarian internet circle. It was an interesting concept to me, but I didn't pursue it at all. Again I tucked this knowledge away for future use.I heard of it again several months later (2010). This time I decided to try it out. I remember downloading and syncing the reference wallet and using a BTC faucet to send coins to my wallet. I forget exactly how many it was... 5, maybe? That's as far as I went with it though. At some point I deleted the wallet and the downloaded blockchain - probably to make room for a Steam game or something. Those coins are gone.That's right - Steam. I have been a gamer for most of my life as well. I owned a powerful graphics card at the time: The Radeon 5970.The third time I heard about Bitcoin was in May 2011. I had heard that the price was lifting off and people were making a lot of money from it. This time I decided to dive in and see what I could figure out.This was where I fell into the deep rabbit hole of Bitcoin. I remember getting so absorbed in it that I didn't sleep some nights. I was working my day job, going home and learning all that I could about Bitcoin. Learning about how addresses were generated, how wallets worked, how mining worked, how the difficulty adjustment worked, everything that I possibly could.After a week or two of obsessing and reading about Bitcoin, I decided that this was the most important invention since the internet - the most perfect form of money ever created. One of the most ingenious systems ever designed by man - and NO ONE KNOWS ABOUT IT YET.I can't recall if any other coins existed at the time, but between 2011-2012 I remember other coins like Namecoin, Peercoin, Feathercoin, and some others. I don't hear about any of those other coins these days... besides LTC and XRP, of course.I decided that I wanted in. I needed to get some Bitcoin. I needed it NOW!! This would be like buying stock in the Internet itself but better - no counterparty risk, and I could be my own bank!I wasn't making a lot of money at the time, so putting money towards anything discretionary wasn't going to be friendly to my budget. Yes, I owned a badass gaming rig, but that was my only luxury in life. I knew I was going to buy for the long term, so I decided to put aside $500 and go for it. I was going to buy Bitcoin.At the time, Mt Gox was the only game in town that I can remember. I don't think BTC-e existed yet, or maybe I just hadn't heard of it.I signed up for a Gox account and figured out how to fund it. There were a few ways to do this, one of which was another app called Dwolla. So I signed up for Dwolla and got verified. I then deposited my $500 and initiated the ACH transfer to Gox. BTC price at the time: $3.I had initiated the transfer on a Tuesday evening after work. I was informed that the transfer would arrive at Gox on Friday.I watched agonizingly as the price climbed hour after hour, day after day. $3.50. $4. $5. $6. I was missing the boat!!! By Thursday evening the price had doubled.At work on Friday, I checked my email on my phone practically every five minutes. The transfer didn't go through the entire work day. I had plans with friends that evening - damn it, I was going to have to try and do this on my phone while hanging with my friends?!I ended up making my first BTC purchase while sitting in a movie theater. I bought 50 Bitcoin for $10 each - during an all-time-high.I still hodl every one of these coins today.(The movie, for the curious: X-Men: First Class)I couldn't stop there, though. The more I learned, the more I had to know. The more I had to DO. That's when I got into GPU mining.This was a time before ASICs. I believe GPU mining was relatively new -- before this, miners were only using CPUs (which were in 2011 -- like GPUs in 2020 -- obsolete for SHA256 mining).The next day I dove headfirst into Bitcoin mining. I downloaded the software and set up an account on Slush Pool. I ran my 5970 on full blast for a while and went out with some friends. When I got back, my bedroom was noticeably hotter than it was when I left. So that's what I was going to be dealing with? Ok, fine.I also couldn't play any demanding video games while the miner was running. I'd have to dial the hashrate down, or disable it completely. Ok, I guess I can manage that.After a few days of dealing with that, I decided to buy another 5970. If I got bored of Bitcoin, it would still make The Witcher 2 run better!All told, between mining with Slush Pool and BTCGuild for a month, I managed to mine an additional 50BTC that month.I still hodl every one of these coins today.One day, my electric bill came. $350. For my 1BR apartment? That can't be right...I called up the electric company and told them they double-billed me."Nope, that amount is accurate. That's what you owe for this month. Have a nice day!"And that was the day I stopped Bitcoin mining.I had been telling all my friends and gamer friends about Bitcoin the entire time. They laughed at me. I told them they wouldn't be laughing when I was a millionaire.Soon after, Bitcoin crashed -- HARD. Dropping from $32 at its peak to $2 over the next few months -- one of the largest price drops in its history.I was dejected. I stopped talking about it with my friends. The gamer communities I was a member of made fun of me relentlessly, trashing Bitcoin every day. News articles celebrating Bitcoin's death popped up everywhere. It was the first major public crash, and I felt all alone.I uninstalled the Bitcoin price widget from my phone. I moved on with my life and tried to forget about Bitcoin. I left the wallet on my PC, but deleted my copy of the blockchain.I barely thought about Bitcoin for the next two years. Any time someone brought it up at work or in my friend group, I changed the subject. I was completely demoralized and thought I had fallen for the biggest scam of all time.After this unbearable TWO YEAR period... Bitcoin came back.One day I opened r/Bitcoin and saw utter elation all over the front page. What the hell was going on?Bitcoin had surpassed the last all-time-high and was climbing still. $50... $100. And it was still going!!!I snapped out of my multi-year funk right then and there. Somehow my paper financial loss had clouded my judgment and made me forget about the fundamentals that made me interested in Bitcoin in the first place."Bitcoin was back?" It had never left. It was still the same decentralized, unforgeable, instantly transferrable miracle asset that I had fallen in love with.I got back into mining again, but I didn't leave my GPUs running 24/7 like I had before. Eventually, ASICs started coming out and obsoleted GPU miners, so I had to start mining LTC instead and selling them for BTC. I mined on a site called give-me-ltc and did my trades on BTC-e.Eventually I got tired of managing my miners, paying extra for electricity, and dealing with switching stuff around for gaming. I stopped mining again and moved on to other things.I exited this phase with an additional 30BTC and over 400LTC. I still hodl every one of these coins today.Eventually, BTC hit $1000. I watched this live on bitcoinity.org. I remember this day vividly.The graphic shown on bitcoinity for every price point was usually some sort of funny gif - someone dancing, someone acting crazy, someone making a funny face, Mr. Bean watching signposts fly past his car. This time, the gif was different - it was serious.It was an astronaut on the moon. A flag was planted behind him bearing the Bitcoin logo.Tears welled up in my eyes. This was significant. Bitcoin was being recognized for what it was - the most perfect form of money ever created.My stack was now worth enough to pay off all of my six-figure student loan debt. I had thought that I would be paying this debt off for the rest of my life. Bitcoin meant potential financial freedom to me.I didn't sell a single satoshi.Of course, $1000 didn't last, and paying off all my loans with my stack was no longer a possibility. The price did not recover for almost FOUR years -- even longer than the previous crypto winter. During this time I bought a few more coins through Coinbase.The 2017 run-up was a blur -- except for one day...The day I became a crypto millionaire.My family didn't grow up with a ton of money. I never had the latest clothes, toys -- well, anything. We weren't poor, but we scraped by. I didn't have a great education in personal finance.Being a crypto millionaire went straight to my head.Driving to work on that day, I remember thinking I was the most badass person on Earth. Somehow I had managed to manipulate some computer numbers around that were now worth over a million dollars!!I couldn't help it - I told everyone at work. I was a crypto millionaire. I couldn't shut up about it. I told my family. I told my friends. I told everyone.I went to the store to grab a few things. Walking the aisles, I couldn't stop thinking about it. "These people have no idea they're standing next to a MILLIONAIRE."Of course, my crypto millionaire status didn't last long.This time, though, I SODL a few coins at the peak. I bought a house and a car.A month or two later, I was no longer a crypto millionaire.Seeing the altcoin season was kind of crazy to me. For a few months, you literally could not pick a losing coin. Everyone was a winner. It was sheer insanity. I picked up a few ETH to get some exposure, even though I didn't (and still don't) believe in it long term.I'm doing pretty well these days. I am numb to any price activity at this point. The last time I bought was the dip down to $4000 in March. I don't know how anyone could have resisted that one.Other than what I SODL in 2017, I still hodl all of my coins.You may be able to see a pattern here. There's always going to be another all-time-high. There's always going to be a crash or a correction. You're probably going to feel stupid more than a handful of times being a HODLer. But eventually these feelings go away.I have a few more anecdotes and random thoughts to share, so I'll make them bullet points below:- I held on to my BCH for a while. I will admit that I was TERRIFIED during the flippening. 6-12 months later, I sold them all for BTC.- I immediately sold all my BSV for LTC.- I hold BTC, LTC, and ETH. That's it.- I don't believe in any of these centralized or "new and improved" shitcoins. I'm a BTC maximalist through-and-through. The only other coin I'd consider at this point would be Monero. I know almost nothing about it and I haven't done any research on it, so I don't hold any.FUNNY- I gave $5 of BTC to a friend in 2013. They forgot about it. I reminded them about it this year. They sold it for $175.- I gave $30 of BTC to a friend in 2013. They sold it in 2017 for $750.- I solo mined IxCoin (literal who?) for a few days because I wanted to feel what it was like to solo mine a block. I did not solo mine a block.- My favorite Bitcoin meme is "This is gentlemen." Why don't people say that anymore?REMINISCING- Wallets I used: Bitcoin core -> Armory Offline (airgapped with TAILS) -> Electrum Offline (airgapped with TAILS) -> trezor- Armory was flaky as fuck. I moved on to Electrum after the 20th time Armory failed to sync the blockchain. I remember having to manually export the private keys using some Python script because I couldn't get the wallet synced.- Reddit is too slow for BTC sometimes, so I would go to the BTC-e trollbox to get some realtime action. Now that BTC-e is gone, I typically hang out in /biz/ when Reddit is boring.REGRETS- Not buying more. Not mining more.- Not selling BCH for BTC immediately. That one still stings.- Focusing a little too much on paying down debt vs buying more BTC.- Buying precious metals in 2013. What a waste.- Selling in 2017. But, I wanted a house and a car. Regretting taking profit is stupid, but I can't help it.THOUGHTS- I never once tried to convince anyone to buy Bitcoin, despite how much I talked about it. I tried to convince people of the potential and that the Fed was evil, but I never once said, "You should buy Bitcoin" to anyone.- I see another 10x for BTC. Just buy BTC. Don't buy anything else. Just buy BTC and fucking HODL.- HODL through these crashes. They make you stronger. After a few of them, nothing will faze you. Be a fucking man and HODL on to your coins!!!!!- People just don't understand the network effect of the BTC protocol. No one cares that another coin has better features. No one cares that there are better internet protocols. They use what has the most infrastructure and support. Don't fall for these shitcoins.- People don't understand the layering concept. Increasing blocksize simply isn't the solution to scaling Bitcoin - second layer and beyond is the solution.- Taxation is theft.Hopefully this was at least mildly entertaining.Happy New Year!!!!! via /r/Bitcoin https://bit.ly/383VLxN

After holding since 2017 ($4000), I sold.

A couple of months ago, for $14000. My brother talked me into abandoning my long term strategy at the start of the bull run.

Very disappointing, can't stop thinking about this mistake.

Submitted January 01, 2021 at 05:53AM by Sh0stakovich https://bit.ly/385rvCK

Family member passed away and I found a 12 word seed phrase

Hi guys. I have been hodling since 2016 and recently found out my brother also had been. He passed away recently but we never actually talked about crypto.In his emails I found a 12 word seed phrase, but no reference to a ledger etc.Does anyone know other wallets that use a 12 word seed phrase (i have only ever used a ledger). via /r/Bitcoin https://bit.ly/3hxNdlH

Bitcoin Price Inches Closer to $30,000 after Proving Warren Buffett Wrong

https://bit.ly/2X1KkQU

Submitted December 31, 2020 at 06:56PM by SorenStephenson https://bit.ly/34ZoqBX

Guys be careful, this one time Bitcoin went from less than a penny to $29 thousand dollars, and

https://bit.ly/3rIFs15

Submitted December 31, 2020 at 02:45PM by ShldVBoughtBitcoin https://bit.ly/34YODAN

Sold at 10k.

https://bit.ly/3rGMdQV

Submitted December 31, 2020 at 07:35PM by forthesexx https://bit.ly/3hB5FtY

Guys, BTC is way more scarce than you think. Only 2.4 Million BTC on all exchanges WORLD WIDE.

https://www.blockchaincenter.net/bitcoin-supply/

2.4 Million BTC on all exchanges WORLD WIDE.

2.5 Million Left to mine(by 2140)

70%+ of Circulating is NOT FOR SALE

1.7 Million assumed to be lost forever

500,000 JUST IN GRAYSCALE ALONE!!!!

2024 - ONLY 450 COINS WILL BE MINED PER DAY WORLD WIDE

This is simple math. You don't need to be an accountant to figure this out. Get your head out of the sand.

Guys, stop waiting. Buy Bitcoin Now.

Submitted December 31, 2020 at 09:54PM by Nossa30 https://bit.ly/38MxCLm

I'm going to save John McAfee's dick.

I'm going to buy 0.00000001 bitcoin for $1 which would make the market price for bitcoin $1 million / bitcoin.Enjoy the spike! via /r/Bitcoin https://bit.ly/3pyWKvy

After holding since 2017 ($4000), I sold.

A couple of months ago, for $14000. My brother talked me into abandoning my long term strategy at the start of the bull run.Very disappointing, can't stop thinking about this mistake. via /r/Bitcoin https://bit.ly/385rvCK

IQ bell curve

https://bit.ly/2WY7zez

Submitted December 31, 2020 at 03:13PM by nitra007 https://bit.ly/3hAfdoP

BTC All Time High $29k! HODL

BTC just hit $29k. Next stop $30k before 2021.

Submitted December 31, 2020 at 04:52AM by Mari0805 https://bit.ly/3o5lHOU

Bon appetite John McAfee

https://bit.ly/383tbN6 via /r/Bitcoin https://bit.ly/2WX2ovt

Guys, BTC is way more scarce than you think. Only 2.4 Million BTC on all exchanges WORLD WIDE.

https://bit.ly/3rKJPJ9 Million BTC on all exchanges WORLD WIDE.2.5 Million Left to mine(by 2140)70%+ of Circulating is NOT FOR SALE1.7 Million assumed to be lost forever500,000 JUST IN GRAYSCALE ALONE!!!!2024 - ONLY 450 COINS WILL BE MINED PER DAY WORLD WIDEThis is simple math. You don't need to be an accountant to figure this out. Get your head out of the sand.Guys, stop waiting. Buy Bitcoin Now. via /r/Bitcoin https://bit.ly/38MxCLm

At New Year's Eve party

https://bit.ly/2L8obgW

Submitted December 31, 2020 at 05:02PM by callmejari https://bit.ly/34WPKkz

$50K next?

https://bit.ly/2JxxuXj

Submitted December 31, 2020 at 02:19PM by SilverCommand1 https://bit.ly/3n1QyL5

IQ bell curve

https://bit.ly/2WY7zez via /r/Bitcoin https://bit.ly/3hAfdoP

BTC goes brrrr

https://bit.ly/381upZd

Submitted December 31, 2020 at 03:07PM by fitness_first https://bit.ly/350QXay

At New Year's Eve party

https://bit.ly/2L8obgW via /r/Bitcoin https://bit.ly/34WPKkz

BTC goes brrrr

https://bit.ly/381upZd via /r/Bitcoin https://bit.ly/350QXay

$50K next?

https://bit.ly/2JxxuXj via /r/Bitcoin https://bit.ly/3n1QyL5

$29,000 Bitcoin 🚀

https://bit.ly/3n6qWfT via /r/Bitcoin https://bit.ly/3hz0Dy6

Daily Discussion, December 31, 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.Join us in the r/Bitcoin Chatroom!Please check the previous discussion thread for unanswered questions. via /r/Bitcoin https://bit.ly/2WY5krE

Wednesday, 30 December 2020

Anyone else feel bittersweet seeing the price go up? You know it’s what you always wanted but you feel like you don’t have as much BTC as you would want...

Feels bad man! I can’t be happy about the bull market because I don’t have the amount of BTC that I really want. It’s a bummer

Submitted December 31, 2020 at 05:26AM by Kierkegaard_Soren https://bit.ly/34Wb61t

PIMP MY PORTFOLIO

https://bit.ly/3aUmONE

Submitted December 31, 2020 at 02:40AM by jon-z-dinglebat https://bit.ly/34Y4yPN

The monster has returned

https://bit.ly/3hvf06h

Submitted December 31, 2020 at 08:16AM by LactatingJello https://bit.ly/3pCNnuS

Anyone else feel bittersweet seeing the price go up? You know it’s what you always wanted but you feel like you don’t have as much BTC as you would want...

Feels bad man! I can’t be happy about the bull market because I don’t have the amount of BTC that I really want. It’s a bummer via /r/Bitcoin https://bit.ly/34Wb61t

My first Bitcoin Node! Proud to be my own central bank :P

https://bit.ly/38LDAvL

Submitted December 31, 2020 at 04:27AM by SertB https://bit.ly/3n0MASQ

My first Bitcoin Node! Proud to be my own central bank :P

https://bit.ly/38LDAvL

Submitted December 31, 2020 at 04:27AM by SertB https://bit.ly/3n0MASQ

The monster has returned

https://bit.ly/3hvf06h via /r/Bitcoin https://bit.ly/3pCNnuS

Just sold so I can buy a house mortgage-free!

It’s been a wild ride but I’ve sold all my holdings so I can buy a nice house without need to take out a mortgage.

And the money I would be paying into a mortgage... will be spent on BTC instead babay!

Submitted December 31, 2020 at 04:24AM by ahmfaegovan https://bit.ly/3b1CJKp

Bitcoin is 1% away from flipping Warren Buffett's Berkshire by Market Cap

https://bit.ly/344SH2R

Submitted December 31, 2020 at 03:16AM by TeenaCrossno https://bit.ly/3aVWD9C

PSA: If y'all stop selling we'll get to 100k faster

Stop delaying the inevitable, I don't want to go back to work. Thx.

Submitted December 31, 2020 at 02:02AM by mcfly20151021 https://bit.ly/2WWDX19

Can't withdraw from Bitrue and they don't respond!

Hi guys,

I have been trying to withdraw my btc from Bitrue for some time now without any luck. Every withdrawal gets rejected. Been writing to support without response (while it says they respond in 24 hours). Don't know if it is targeted scam. This have been going on for months. I have about 1.7 btc in the account so it is a pretty large amount of money. I have no clue what to do but I saw some people get help from exchanges/support when their post got alot of attention on reddit otherwise they just ignore you. So please upvote this and help me guys! Any other advice is also appreciated!

How the withdrawals look.

Submitted December 30, 2020 at 03:35PM by AcoTropical https://bit.ly/3hwjKJ8

Is everybody still sleeping today or what? 28.000 are here...will we reach 30.000 before 2021?....

Clearly this reedit is full of americans still sleeping...

To Da mooon

Submitted December 30, 2020 at 02:50PM by Asequamor2 https://bit.ly/3rHKPNV

Think this fits well for the hodlers

https://bit.ly/2KGsCQq

Submitted December 30, 2020 at 05:21PM by 91TB https://bit.ly/391TPFp

Warren Buffett Called Bitcoin 'Rat Poison' — Now It's Closing In On Berkshire Hathaway's Valuation

https://yhoo.it/34SyYTm

Submitted December 30, 2020 at 12:27PM by CtrlAltDefeat22 https://bit.ly/3rHqLv5

Anyone else have to check the bitcoin price every 30mins? This has been going on for a couple years now, think I need Rehab 🤦🏻‍♂️

No text found via /r/Bitcoin https://bit.ly/2JvIXql

Finally bought BTC

Bought my first substantial amount, over 0.1 BTC and will be making BTC my defacto savings. I'm ready for those 2021 gains 💪 let's do this!

Submitted December 30, 2020 at 08:38AM by UserNovem https://bit.ly/2KKUgvu

Bitcoin surges to record $28,500, quadrupling in value this year [mainstream media - Guardian)

https://bit.ly/3b74b9F via /r/Bitcoin https://bit.ly/3hu1BLJ

Think this fits well for the hodlers

https://bit.ly/2KGsCQq via /r/Bitcoin https://bit.ly/391TPFp

The legend of satoshi nakamoto's private key

One of the most fascinating aspects of satoshi nakamoto is that he has still never moved his coins. It was once estimated that his fortune is between 1M - 2M btc, most of which has still not been spent. The ultimate HODL.His known wallets & blocks have never moved. Which begs the questions!is satoshi still alive & simply watching his creation unfold, wisely knowing that moving those btc could cause a panic?are these private keys stored somewhere, or... were they deliberately destroyed? with great power comes great responsibility and all.what if he buried the private keys as a treasure and it's the legend of satoshi nakamoto's pirate private keys treasure hunt of the era via /r/Bitcoin https://bit.ly/2L74vKe

Can't withdraw from Bitrue and they don't respond!

Hi guys,I have been trying to withdraw my btc from Bitrue for some time now without any luck. Every withdrawal gets rejected. Been writing to support without response (while it says they respond in 24 hours). Don't know if it is targeted scam. This have been going on for months. I have about 1.7 btc in the account so it is a pretty large amount of money. I have no clue what to do but I saw some people get help from exchanges/support when their post got alot of attention on reddit otherwise they just ignore you. So please upvote this and help me guys! Any other advice is also appreciated!How the withdrawals look. via /r/Bitcoin https://bit.ly/3hwjKJ8

Is everybody still sleeping today or what? 28.000 are here...will we reach 30.000 before 2021?....

Clearly this reedit is full of americans still sleeping...To Da mooon via /r/Bitcoin https://bit.ly/3rHKPNV

Warren Buffett Called Bitcoin 'Rat Poison' — Now It's Closing In On Berkshire Hathaway's Valuation

https://yhoo.it/34SyYTm via /r/Bitcoin https://bit.ly/3rHqLv5

Tuesday, 29 December 2020

$28,387 a new ATH just now

And again and again and again via /r/Bitcoin https://bit.ly/37WPUtW

Daily Discussion, December 30, 2020

Finally bought BTC

Bought my first substantial amount, over 0.1 BTC and will be making BTC my defacto savings. I'm ready for those 2021 gains 💪 let's do this! via /r/Bitcoin https://bit.ly/2KKUgvu

Buying Bitcoin Now at $27K Is Less Risky Than Buying Bitcoin When Its Price Was $27

https://bit.ly/3rCEaES

Submitted December 30, 2020 at 01:02AM by sylsau https://bit.ly/38LAZ4V

Sold my condo and went all in with every last penny on Bitcoin last year. Put in 127k and held through the March low of 4K. Today I have more money than I’ve ever imagined at 428k! HODL till I die!

No text found via /r/Bitcoin https://bit.ly/3nYJd0d

"70 percent of lottery winners end up bankrupt"

Making a lot of money is not the same as managing a lot of money; People screaming about lambo's and how they want this and that, it's a stupid way to go about receiving the beautiful gift of bitcoin.

Avoid liabilities, gain assets.

If Bitcoin teaches you anything, be weary about spending tons of your money on things that can be replicated. Cars, clothes, tv's, computers. They won't make you happier.

During this journey everybody should be learning on how to gain, and hold onto wealth.

Edit: apparently the statistic isn't correct. Some some news spewing it around. Credit to u/itsnotlupus for pointing it out (Also happy cake day).

The point still stands though.

Submitted December 30, 2020 at 03:59AM by floorcondom https://bit.ly/2WW4X0Q

The 8 Laws of Bitcoin (updated)

https://bit.ly/3aPx8Xm

Submitted December 30, 2020 at 06:21AM by Deathstaroperatorguy https://bit.ly/2L92T2A

The 8 Laws of Bitcoin (updated)

https://bit.ly/3aPx8Xm via /r/Bitcoin https://bit.ly/2L92T2A

Greenpro CEO says firm will invest $100 million in bitcoin

https://bit.ly/3hpJ6Z5

Submitted December 30, 2020 at 01:17AM by StevenRad https://bit.ly/3pCotMb

My investment is now over 100%.

Since I was 17 I saved money working to buy bitcoin. I slaved at my job with closing shifts and put 80% of my money into ETH and BC. Now I am about to turn 20 and my 10,000$ I invested is worth 20,000$. Let’s just hope we’re all 5X richer by 2022 and I’m at 100,000$! Goodluck everyone :)

Edit: Thanks for my first Reddit gold!

Submitted December 30, 2020 at 02:33AM by plebsinc122 https://bit.ly/3hsW08w

"70 percent of lottery winners end up bankrupt"

What does this have to do with you? Everything. If you are fortunate enough to make a or have made a ton of money in Bitcoin, you need to understand why so many lottery winners end up broke. They have little to no idea on how to manage money.Making a lot of money is not the same as managing a lot of money; People screaming about lambo's and how they want this and that, it's a stupid way to go about receiving the beautiful gift of bitcoin.Avoid liabilities, gain assets.If Bitcoin teaches you anything, be weary about spending tons of your money on things that can be replicated. Cars, clothes, tv's, computers. They won't make you happier.During this journey everybody should be learning on how to gain, and hold onto wealth.Edit: apparently the statistic isn't correct. Some some news spewing it around. Credit to u/itsnotlupus for pointing it out (Also happy cake day).The point still stands though. via /r/Bitcoin https://bit.ly/2WW4X0Q

Miami’s Mayor ‘Open To Explore’ Investing 1% of City’s Treasury Reserves in Bitcoin

https://bit.ly/2WRmsiP via /r/Bitcoin https://bit.ly/3pqhw0y

NFL Player to receive half his salary in Bitcoin

https://twitter.com/RapSheet/status/1343929946918543363

Submitted December 29, 2020 at 10:52PM by keepingitonehunnid https://bit.ly/38J50m6

Getting my first whole bitcoin. Please tell me I didn’t come too late to the party

This month I started getting 0,68 BTC for 10k€ (I’m living in Germany) and another 11 grand is on its way to my coinbase wallet. So in the coming days (given it wont skyrocket again) I‘ll reach my first full Bitcoin. Few questions:Y‘all advise me to stay on Coinbase?Even though I’m getting in so late and need 21k for 1 BTC, will it still be worth it?I read several projections and I’m certain long term it will be going way up, still it’s a lot of money that I put in so someone calm me down. via /r/Bitcoin https://bit.ly/3o2VGzS

Russell Okung becomes first NFL player to be paid in Bitcoin

https://bit.ly/2WVFTH2 via /r/Bitcoin https://bit.ly/3nXw8UF

Wife agreed on buying Bitcoins with the stimulus check!

Previously tried to invest in XRP and you guys have seen where that left me... didnt had much only 1,000 XRP, but yea screw that shitcoin, any form of centralization will be used by those who want to control the rest of us.

Anyways, I'm very glad to be part of the future and here's to a great future!

Submitted December 29, 2020 at 02:48PM by wingsofthygiant https://bit.ly/34RKVJk

1 BTC = 5400 chickens

At $27,000 per BTC and $5/chicken, each Bitcoin is worth 5,400 chickens.

The global chicken market cap is 50 billion chickens times $5/chicken. That's $250 billion.

The Bitcoin market cap is twice that.

Submitted December 29, 2020 at 09:32AM by testiclespectacles2 https://bit.ly/3aSPPto

NFL Player to receive half his salary in Bitcoin

https://twitter.com/RapSheet/status/1343929946918543363 via /r/Bitcoin https://bit.ly/38J50m6

PSA: Change (reduce) the transaction fee in your wallet when sending. Stop sending with the default sats/byte

Now that we're entering a new bull run, it's going to get crazy again on-chain. Please be conscious about the transactions you make. Most if not all wallets all the setting of the transaction fee. If you transaction isn't urgent, save yourself and everybody else some money by sending with a lower sats/byte.The main reason prices peak is because of the default fees, vert few ppl actually change it. Your wallet automatically tries to fit your transaction in the next block, every wallet doing this at the same time quickly pushes the average next-block fee up.I usually aim for 10-20 sats/byte for my transactions and they are usually cleared overnight at the very least. via /r/Bitcoin https://bit.ly/3pxDE9j

Back in 2016 my friend told me bitcoin is a scam

Luckily i did not listen to him and made my best investment ever.What i don’t get is that people are still saying bitcoin is a ”scam” which it’s clearly not lol via /r/Bitcoin https://bit.ly/37WCY7x

Bitcoin ready to the moon on Saturn V rocket

https://bit.ly/2WSViYJ via /r/Bitcoin https://bit.ly/3pprLSO

Wife agreed on buying Bitcoins with the stimulus check!

I had a very short but meaningful talk with my wife today and she agreed that whether is $600 or $2000 check, my part of the check will be going towards Bitcoin! I will be putting the whole thing into the future and become a true HODL'er. This will be my biggest investment yet and seeing how Bitcoin has performed, has left little doubt in my mind that this is going to be a very good decision.Previously tried to invest in XRP and you guys have seen where that left me... didnt had much only 1,000 XRP, but yea screw that shitcoin, any form of centralization will be used by those who want to control the rest of us.Anyways, I'm very glad to be part of the future and here's to a great future! via /r/Bitcoin https://bit.ly/34RKVJk

Bitcoin displacing Gold as a store of value will free up literal TONS of gold for industrial, technology, and science applications. We’re making the world better in so many ways!

With that being said, the price of gold today reflects its increasingly obsolete role as a store of value / safe haven asset. If folks stop hoarding gold for those purposes, the price will plummet and productive entities in science and engineering will have greater access than ever before. The ensuing wave of innovation will be dazzling.

Regarding the dated argument that gold is intrinsically more valuable than Bitcoin, remember that we are more scarce, more fungible, more trustworthy, and increasingly more in demand... Among other points.

Keep calm and HODL on

Submitted December 29, 2020 at 09:02AM by TenderGod https://bit.ly/34QhuqV

Daily Discussion, December 29, 2020

Monday, 28 December 2020

The Fed right now

https://bit.ly/3nXj8P4

Submitted December 29, 2020 at 07:33AM by SatOnMyBalls_ https://bit.ly/2JrrAqN

Bitcoin displacing Gold as a store of value will free up literal TONS of gold for industrial, technology, and science applications. We’re making the world better in so many ways!

For those who are not familiar, gold is an amazing anti corrosion conductor and has numerous other properties that give it productive value. Years back, I would hear the argument that gold is more intrinsically valuable than BTC for this very reason.With that being said, the price of gold today reflects its increasingly obsolete role as a store of value / safe haven asset. If folks stop hoarding gold for those purposes, the price will plummet and productive entities in science and engineering will have greater access than ever before. The ensuing wave of innovation will be dazzling.Regarding the dated argument that gold is intrinsically more valuable than Bitcoin, remember that we are more scarce, more fungible, more trustworthy, and increasingly more in demand... Among other points.Keep calm and HODL on via /r/Bitcoin https://bit.ly/34QhuqV

The thing I'm looking forward to most in the price going up is the money it provides for really smart people to do their thing.

Of course, some will buy Lambos but bet there are people desperately awaiting the funding for their ideas with full creative control which excites me.

Submitted December 29, 2020 at 05:47AM by RobbWhite_ https://bit.ly/3hokBvf

I will sell at 100k

When BTC reaches 100k I will have enough money to live off 4% for the rest of my life. (I will reinvest everything it in stocks/etf/real estate)

Sure, I think BTC will go higher but at this point it becomes a gamble for me. At this point I have nothing really more to win but everything to lose. So, selling is the only logical conclusion for me.

Submitted December 29, 2020 at 12:02AM by 0xCuber https://bit.ly/3hq06OX

Coinbase: Please allow customers to participate in IPO

This is a request for Coinbase to do like Airbnb did and give their customers the option to participate in their IPO.

Proposal: give customers the option to buy up to $20,000 of Coinbase stock at IPO price.

I have a strong feeling that Coinbase will be pressured by Wall Street against this idea. Please upvote if you agree with this.

This is about an even playing field. We do not want to see the traditional IPO with bankers buying the stock at IPO price and selling it at a 50 percent or 100 premium to the general public.

We the users who have contributed to Coinbase’s success deserve this.

EDIT: to all those who say this isn’t technically possible... AIRBNB just did this 2 weeks ago at their IPO. I know because my friend (who is a host and not an accredited investor) bought 150 shares at IPO price.

Want proof? Okay: https://www.cnbc.com/2020/12/10/airbnb-hosts-profit-from-ipo-pop-spreading-wealth-beyond-investors.html

Submitted December 29, 2020 at 08:29AM by xav-- https://bit.ly/3mZZAYW

Coinbase: Please allow customers to participate in IPO

This is a request for Coinbase to do like Airbnb did and give their customers the option to participate in their IPO.Proposal: give customers the option to buy up to $20,000 of Coinbase stock at IPO price.I have a strong feeling that Coinbase will be pressured by Wall Street against this idea. Please upvote if you agree with this.This is about an even playing field. We do not want to see the traditional IPO with bankers buying the stock at IPO price and selling it at a 50 percent or 100 premium to the general public.We the users who have contributed to Coinbase’s success deserve this. via /r/Bitcoin https://bit.ly/3mZZAYW

The Fed right now

https://bit.ly/3nXj8P4 via /r/Bitcoin https://bit.ly/2JrrAqN

F.O.M.O. Alert reminder!

This is a message for all newcomers to crypto. Invest responsibly. Only invest what your willing to lose. People have killed themselves in the past over chasing this. Nobody knows exactly where this is going to go, people that say they do are talking with emotion. You can get crushed in the blink of an eye. If you don’t have the money to lose it. You don’t have the money to use it!

Submitted December 29, 2020 at 01:31AM by megazach https://bit.ly/3hs5HEq

US Firm Marathon Buys 70,000 Bitcoin Miners for $170 Million

https://bit.ly/3nVJSzp

Submitted December 29, 2020 at 03:55AM by NabilahFelix https://bit.ly/2L2IUTc

The thing I'm looking forward to most in the price going up is the money it provides for really smart people to do their thing.

Of course, some will buy Lambos but bet there are people desperately awaiting the funding for their ideas with full creative control which excites me. via /r/Bitcoin https://bit.ly/3hokBvf

Mentor Monday, December 28, 2020: Ask all your bitcoin questions!

Ask (and answer!) away! Here are the general rules:If you'd like to learn something, ask.If you'd like to share knowledge, answer.Any question about Bitcoin is fair game.And don't forget to check out /r/BitcoinBeginnersYou can sort by new to see the latest questions that may not be answered yet. via /r/Bitcoin https://bit.ly/2WMDM8C

Thursday, 31 December 2020

Wednesday, 30 December 2020

Tuesday, 29 December 2020

Monday, 28 December 2020

Sunday, 27 December 2020