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If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
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Please check the previous discussion thread for unanswered questions.
I'd love to hear some stories about how Bitcoin is helping you.
The Bitcoin price has gone up a lot over the past year, so why not prove that the new economy is better than the old one by giving some of your gains to worthy causes? This year, /r/Bitcoin is a sponsor of The Giving Block's #BagSeason event, and the first ~12.155 BTC in donations made on this special page will be matched from the /r/Bitcoin ad fund. You can donate to any of the hundreds of charities supported by The Giving Block, and /r/Bitcoin will match it.
(There are also significant tax benefits to donating crypto.)
Let's change the world for the better! Donate here. Make sure that you donate on that specific page, or your donation won't be matched. Whether or not you donate, let us know in the comments which charities supported by The Giving Block you think are the best.
About the ad fund
In 2010-2011, the previous top mod of /r/Bitcoin collected BTC donations with a vague idea that this BTC would be used to promote /r/Bitcoin and/or Bitcoin itself using AdSense ads or something like that. About 22.5 BTC was collected, at the time worth less than $300. When he resigned and made me top mod, he also gave me the MyBitcoin account containing the ad fund. (I luckily moved the BTC out of MyBitcoin right away... a few weeks later they ran away with everyone's BTC.)
In the past, some of the other mods used parts of the ad fund to promote /r/Bitcoin by sponsoring some eSports tournaments and by buying some Reddit ads. But I was personally never very interested in the whole ad fund idea, and there haven't been many other people interested in spearheading ad-fund projects, so the remaining ~12 BTC has been sitting around collecting dust for the past several years. I decided this year to finally empty the ad fund, and this donation sponsorship/matching event seemed like a good way to use the BTC for something worthwhile while also maintaining the spirit of the ad fund.
I know, dopamine, hopium… wait until the bear market!
I lived the bear market. Lived through three actually. I got involved in 2011. I’ve seen the way our tribe has grown, and I’ve seen the way sentiment has shifted towards the shitcoin casino.
But in this subreddit, I feel ratified. After 12 years, here we are, still strong, the majority espousing the original ethos. I couldn’t be prouder.
We have a country behind us, soon to be countries. We have writers and philosophers. We have presidents, we have CEOs, we have economists. Hell, we even have city planners.
I just want to share this feeling. We have created a movement. In the face of hurricane headwinds, we persevere. Because Bitcoin is antifragile, because Satoshi saw what we all see now.
I will die on this hill brothers and sisters. I’m here til the end. And what a glorious end, I truly believe, we will have.
Now what? Keep on scrimping and saving and dca-ing, that’s what.
…. Ey, it is what it is.
Risk Management is a priority.
"Jack Dorsey to fully focus on Bitcoin after announcing Twitter departure" https://www.cityam.com/jack-dorsey-to-fully-focus-on-bitcoin-after-announcing-twitter-departure/
Hi, it’s time for another update!
At this point in time the hype is fading away and things are settling down.
For starters, the chivo app still have problems doing transactions (tx) to external wallets like muun or coinomi. Tx between chivo wallets are fine, although they use a btc L1 QR code, the transactions are instant and without any issue, so it’s logic to assume chivo doesn’t use the btc blockchain at all.
I personally think chivo app is becoming something similar to a bank app, you can send and receive money, it has 0 fees between the same app, you contact customer support for any issues, and it’s a pain in the ass to make transaction to other banks (external wallets)…
Many of you might say this is just the beginning and that things will change…and you’re probably right, I also hope the development of btc as currency take a step forward.
Moreover, I imagine what many of you are thinking, why do you need to use chivo? Just use another wallet.
Yes, I can use other LN wallets, however the main issue is the fee, a $0.50 coke can become $1.50, all of you already know how fees work. So, by using chivo app you omit paying fees and the transaction is instant…
The most used wallets aside chivo are muun and wallet of Satoshi, only on the beach and nearby places you might find bitcoin beach wallet. Many people asked me about strike, but no one really use it, it requires your ID to register aside other personal information, you also can´t send less than $5 so…it’s not a wallet for daily use.
Some people also asked about the implementation of other crypto currencies, there are some interesting projects like nano but as long the coin doesn´t show any advantage in a daily use I find it harder to succeed.
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Probably the big news as for today is bitcoin city, since I don´t have more information than what Bukele explain I’ll only share what people is saying…
As always, there are many who thinks this will help develop the country attracting investors and foreigners, I think this is true. On the other hand, there’s also people who claim the country need investment in areas like education, security and so on rather than building btc city which probably only benefit a small group of people…I also think this is true.
El Salvador needs to improve in many ways, government needs to plan in short and long term. There´s no good or wrong answer at the moment, after all you do what you can and what you think will bring the best outcome.
Fun fact, the image of bitcoin city is actually a stock image with a volcano over it…this became trendy in social media days ago.
Probably the most eye-catching feature is the tax exemption, bitcoin city seems to be a haven for local and foreign investors, I personally think Salvadoran government is saying “I don’t care how you get the bitcoin…just come”.
Will btc city became a crypto version of Las Vegas? What are your thoughts? Leave your comments below!
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There’re also some people who asked me about land and the safest locations in my country, it´s hard to answer in detail to everyone so I will create a post around Friday titled
“Almost everything you need to know to buy land in El Salvador and not dying (literally) in the process”
With such a catchy title it will be difficult to miss it….
I will try to summarize the most relevant information about my country geography and social context. There are many misconceptions about how dangerous El Salvador is. I´ll also give you some insights about real state, I wonder if anyone is interested where btc city will be built.
As always, I’ll try to answer all your questions.
How the hell have we all been lied to and convinced that steadily rising prices would ever be a benefit to an economy? Isn't the whole point of technological and societal advancement to make things cheaper? Just like in technology, shouldn't we be rooting for a deflation in prices of healthcare, housing, and food?
As we all know crypto is bad for government's .The government in Egypt control religion so they banned it and made it Haram
EDIT: Guys stop down voting I'm not hating on Islam I'm hating on the government Wich uses Islam to control the masses
I don't want to be specific, but I have four digits worth of FIAT that I'm saving for UNI. This money is in my bank doing nothing.
Considering that BitCoin has high chances of being more valuable in the future, instead of having my saving be eaten by inflation wouldn't better to put it into my exchange and let it grow in value?
The only problem is that I'm a bit anxious about the idea, I don't want mom to be disappointed in me. :(
We’ve all lost money. It’s a hard pill to swallow. And we know there is absolutely no way of getting our money back. However, with Bitcoin or crypto, it’s so much worse because you know the money is there, but completely irretrievable because you’ve forgotten a simple password. Ouch!!
Programmer, Stefan Thomas has been locked out of his Bitcoin wallet. Thomas had 7,002 bitcoins stored on a secure hard drive and he can’t access them because he forgot the password.
The value of the inaccessible Bitcoin is said to be around $220 million. The coins were stored safely with an IronKey device that gives you 10 chances to enter your password correctly. Thomas had tried several times, with no luck and the last update in January 2021, was that he had 2 attempts left.
He’s made peace with the potential loss, but we’re not sure we have. It’s a shame there is no prompting question, like what is the name of your first pet? Or what was your favourite toy as a child?
We all Heard "Not your keys, Not your Coins". Well let's break it down what's the best way to Store your Bitcoin. Exchanges, Hot, cold Wallets etc.. What's the best?
Given the new investment, there are 1220 BTC on the balance sheet of the state fund (about $ 67.3 million at the rate at the time of writing). “100 additional coins were bought at a discount,” wrote Bukele.
The other day I happen to mention to my manager that I was in to Bitcoin, his reply was 'Bitcoin is the biggest ponzi scheme ever and I won't be touching it, people must be stupid to buy it.' I just smiled and stayed silent, no need to try and change his mind, I'll look forward to when Bitcoin is $1 Million, quit my job and enjoy watching the sorry look on his face 😁 See ya!
When they finally add the Bitcoin symbol to the keyboard, you know we've made it!!! The question is, where to put the key? Just replace the $ as the shift+4 key? Or make a whole new key for it? It's gotta go somewhere, what do you guys think.
Forenote: I identify as a lefty as I believe in improving society as a whole, but Hilary was just absolutely clueless in her remarks about cryptocurrency.
https://youtu.be/CpryzusXnHM?t=179 - 2:59 for the time stamp...
https://www.youtube.com/watch?v=NXqUQq7z2YY - her echoing similar
"Cryptocurrencies may destabilize the dollar." hmmm... is that so?
https://www.latimes.com/archives/la-xpm-1992-12-27-op-4906-story.html - this is the story where her husband's administration enabled banks to give out predatory bank loans that eventually became the entire plot behind the film The Big Short. This, in turn, led to an entirely necessary initial bail-out package from the U.S. Government, and then a series of quantitative easing that I think would have come regardless of red or blue parties holding the white house and the senate.
Hilary: Your husband enabled destabilization of the dollar! The dollar itself will continue to destabilize! Do not be so oblivious! Please learn, at the very least, what bitcoin is as a store of value and how it functions and get your eyes off of money that comes from your campaign trails!
PlanB's popular cryptanalyst recognized his “first miss” because bitcoin in November never reached its target of $ 98,000.
A popular analyst known in the cryptocommunication community as PlanB predicted that in late November, the Bitcoin (BTC) would reach $ 98,000. Now he admitted that this could become his "first miss.".
Title says it all, to name and shame its HSBC, won't even let me put £20 in a week.. haha what a joke. Im jn the UK, does anybody know a good bank that will let me invest in crypto? Ofcourse they had to stop me RIGHT AT A 10% SALE lol, so frustrating, any help will be appreciated as I am closing my account with them :)
Step 1: Corporations with large amounts of money borrow thousands of BTC.
Step 2: They take the BTC and dump it on the market. This blows through buy walls and causes leverage traders to be liquidated.
Step 3: Fear and panic spread through the market. Shills and salty traders alike will flood social media with FUD. The price further dips.
Step 4: The hedge funds close the loop: they buy back the BTC they borrowed, pay back their lenders, and generate a profit.
They can do this because they have capital that you and I do not have. And they do it over and over.
Don't fall for their tricks. Just hodl. Or better, buy whenever you see a -10% price dip. You can be assured that this was NOT a bunch of ordinary individuals, who happen to take profits at the same time.
Bitcoin is truth.
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.
