Discussion: In your OWN words, how do you define BTC?

https://bit.ly/3bjXN17

Submitted August 01, 2022 at 04:51AM by ReitHodlr https://bit.ly/3bmUEh5

Wife told me to make a plate that means something to me! #bitcoinbull

https://bit.ly/3bfktje

Submitted July 31, 2022 at 06:39PM by Crypto-hercules https://bit.ly/3Qa0bGE

The banks are traitors..Bitcoin is liberty..

https://bit.ly/3oG4iP1 via /r/Bitcoin https://bit.ly/3bhw3tU

Discussion: In your OWN words, how do you define BTC?

https://bit.ly/3bjXN17 via /r/Bitcoin https://bit.ly/3bmUEh5

Approximately 1.34% of the world owns Bitcoin.

Global population is at approximately 7.9 billion: https://www.worldometers.info/world-population/

This group estimates that 106 million people own some Bitcoin worldwide: https://www.buybitcoinworldwide.com/how-many-bitcoin-users/

This article estimates that a maximum of 1.2 million people owned Bitcoin in 2014: https://www.businessinsider.com/heres-how-many-people-actually-own-bitcoin-2014-3

More people in the US own stocks (145 million Americans) than the total number of Bitcoin owners globally: https://www.fool.com/research/how-many-americans-own-stock/

There’s currently 5 billion internet users globally. In 2014 there were 3 billion internet users globally: https://www.statista.com/forecasts/1146844/internet-users-in-the-world

Bank account ownership increased from 51% of the global population in 2011 to 76% of the global population in 2021: https://www.worldbank.org/en/publication/globalfindex

Millennials and gen z are just as likely to own crypto as they are stocks: https://www.investopedia.com/younger-generations-bullish-on-cryptocurrencies-5223563

91% of existing crypto users plan to buy more in the next 6 months: https://finance.yahoo.com/news/crypto-users-plan-to-buy-more-in-next-6-months-115237324.html

---

Here’s some things I’m thinking about. Few people own Bitcoin worldwide. Those that do own BTC and crypto are likely to keep buying more. Younger generations are just as likely to buy crypto as they are stocks. As gen z starts earning money, they’ll likely increase their crypto positions as they age and their wages & salaries increase. Roughly 1/4 of the world is unbanked and lacks access to WiFi. There’s still billions and billions of people unconnected. I don’t think older people will buy BTC once they do get connected and banked, but their future offspring likely will, increasing the % of BTC owners.

TLDR: We’re early.

Submitted July 31, 2022 at 10:48PM by sleepapneainvestor https://bit.ly/3ONQHQ3

Approximately 1.34% of the world owns Bitcoin.

Global population is at approximately 7.9 billion: https://bit.ly/3JgyQQR group estimates that 106 million people own some Bitcoin worldwide: https://bit.ly/3oJAykc article estimates that a maximum of 1.2 million people owned Bitcoin in 2014: https://bit.ly/3oJ8OMp people in the US own stocks (145 million Americans) than the total number of Bitcoin owners globally: https://www.fool.com/research/how-many-americans-own-stock/There’s currently 5 billion internet users globally. In 2014 there were 3 billion internet users globally: https://bit.ly/3bgX8gQ account ownership increased from 51% of the global population in 2011 to 76% of the global population in 2021: https://bit.ly/3cUbu7x and gen z are just as likely to own crypto as they are stocks: https://www.investopedia.com/younger-generations-bullish-on-cryptocurrencies-522356391% of existing crypto users plan to buy more in the next 6 months: https://finance.yahoo.com/news/crypto-users-plan-to-buy-more-in-next-6-months-115237324.htmlHere’s some things I’m thinking about. Few people own Bitcoin worldwide. Those that do own BTC and crypto are likely to keep buying more. Younger generations are just as likely to buy crypto as they are stocks. As gen z starts earning money, they’ll likely increase their crypto positions as they age and their wages & salaries increase. Roughly 1/4 of the world is unbanked and lacks access to WiFi. There’s still billions and billions of people unconnected. I don’t think older people will buy BTC once they do get connected and banked, but their future offspring likely will, increasing the % of BTC owners.TLDR: We’re early. via /r/Bitcoin https://bit.ly/3ONQHQ3

Don't knock it till you try it!

https://bit.ly/3PPNFvU

Submitted July 31, 2022 at 10:03PM by TheRealSlimyrock https://bit.ly/3S7CfoW

Don't knock it till you try it!

https://bit.ly/3PPNFvU via /r/Bitcoin https://bit.ly/3S7CfoW

Daily Discussion, July 30, 2022

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!

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Submitted July 30, 2022 at 01:07PM by rBitcoinMod https://bit.ly/3cOZK63

the beginning of the bull run, be ready

https://bit.ly/3vtEOrT via /r/Bitcoin https://bit.ly/3oEFGGa

Raw Juicery would like you to stack that

https://bit.ly/3bkFwRh

Submitted July 30, 2022 at 11:00PM by Seeking_Adrenaline https://bit.ly/3ONw72a

But seriously, who is paying for network security in the future when block rewards are 0 and all users are on L2?

I don't buy the settlement layer argument, that aggregated L2 transaction fees will somehow contribute to L1 fees paid to miners. All network users are incentivized to pay minimum fees possible. Bitcoin only works as a global money system if essentially all traffic can be handled on L2, which means fees on L1 will also be near 0. The 400,000 transactions bitcoin can support per day on L1 is far far too few to support global adoption without L2, but also much more than is needed if it is only used as a "settlement'" layer. This is the primary design flaw in the miner incentive, because there is essentially a cap in daily transactions the network can handle, either fees will be near 0 if transactions are below the cap, or they will begin to skyrocket as demand goes above the cap. If L2 solutions work, this means demand on L1 will be below the cap and fees will be near 0. If L2 doesn't work, well then Bitcoin can't have mass adoption. For bitcoin to be the gobal money standard, there will have to be multiple entities in the future willing to operate at a loss to secure the network, and a huge loss at that. They will need to be spending 10s of Billions a year to make sure the network isn't attacked. Who is that going to be? via /r/Bitcoin https://bit.ly/3PQ8GXu

Bitcoin will dump to $ 12K

https://bit.ly/3cVgTv3

Submitted July 30, 2022 at 10:52PM by NeedleworkerNo2874 https://bit.ly/3zjE5uv

Be your own bank: U.S. Bank illegally used customer data to create sham accounts to inflate sales numbers for the last decade. Now they've been fined $37.5 million plus interest on unlawfully collected fees.

https://bit.ly/3OJFdwT via /r/Bitcoin https://bit.ly/3cUvExV

Raw Juicery would like you to stack that

https://bit.ly/3bkFwRh via /r/Bitcoin https://bit.ly/3ONw72a

59-year-old Jon Stewart finally learns how fiat money works, "Oh my lord! It's a mass delusion"

https://bit.ly/3zFDMLS

Submitted July 30, 2022 at 02:06AM by KAX1107 https://bit.ly/3cMQejU

US Senate Wants to Know Why Google and Apple REPEATEDLY FAILED to Stop Crypto-Stealing FAKE Apps in their App Stores...

https://bit.ly/3oLGBVb via /r/Bitcoin https://bit.ly/3OM6lLI

56.2 Million Santander Brasil Customers To Access Bitcoin Services

https://bit.ly/3vrHJkJ

Submitted July 29, 2022 at 07:26PM by hyperfreeto https://bit.ly/3vlnHbp

59-year-old Jon Stewart finally learns how fiat money works, "Oh my lord! It's a mass delusion"

https://bit.ly/3zFDMLS via /r/Bitcoin https://bit.ly/3cMQejU

Noticed that UK IP addresses can't download Bitcoin-core. Why ?

https://bit.ly/3Q4dV5D

Submitted July 29, 2022 at 01:45PM by IvomitOnMicrosoft https://bit.ly/3Q6DDWW

President Biden’s Redefined “Non-Recession” is the most surreal denial of reality, I have ever experienced.

https://bit.ly/3zHCmQY

Submitted July 29, 2022 at 03:41PM by poomata https://bit.ly/3BpgQl8

3 US Senators send letter to Fidelity warning against offering bitcoin in 401ks

https://twitter.com/SenatorDurbin/status/1552440585130504192

Submitted July 28, 2022 at 08:40PM by ningrim https://bit.ly/3Saf5yo

Rio De Janeiro Moves Forward With Bitcoin Integration

https://bit.ly/3JeN04T via /r/Bitcoin https://bit.ly/3PUJ3Vi

21 million chairs

https://bit.ly/3OG899c

Submitted July 28, 2022 at 05:31PM by KAX1107 https://bit.ly/3cNmx2d

Good strategy (much better than mine)

https://bit.ly/3SaRihO via /r/Bitcoin https://bit.ly/3vmryFt

Once you in ,never out.

https://bit.ly/3cNR2Ff

Submitted July 28, 2022 at 11:25AM by Dependent_Raccoon850 https://bit.ly/3S9fAsf

How to Invest in a Bear Market

https://bit.ly/3zEkfLC via /r/Bitcoin https://bit.ly/3S88VyJ

Use case confirmed

https://bit.ly/3vgfcyz via /r/Bitcoin https://bit.ly/3PUxkFY

Daily Discussion, July 27, 2022

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.

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Submitted July 27, 2022 at 01:03PM by rBitcoinMod https://bit.ly/3BoGdUe

Bitcoin’s the one

https://bit.ly/3zwnDqX

Submitted July 27, 2022 at 11:27PM by NeedleworkerNo2874 https://bit.ly/3ODqVOv

Is YOUR BTC HER BTC too? 😂✨

https://bit.ly/3b7l9aj

Submitted July 27, 2022 at 10:12PM by InvestorAiAnalyst https://bit.ly/3J9dk02

Bitcoin’s the one

https://bit.ly/3zwnDqX via /r/Bitcoin https://bit.ly/3ODqVOv

When I look back I feel really dumb

I lived through the financial crisis of 2008, and as a mortgage broker, it was extremely difficult to keep my head above water. Mortgage activity was reduced to basically zero, and I cycled through several second jobs just to cover my own personal expenses.I heard about Bitcoin and like everyone in the beginning, I thought it was a novelty at best, more likely to end up as some sort of gaming currency than anything like it has become today. Plus, it took every dollar I earned just to keep no creditor more than 60 days in arrears. It was a REALLY tough time, for about 2 and a half years.I managed to keep the company solvent and was happy to enjoy the next decade or so of prosperity, and did very well, until the recent economic dumpster fire began earlier this year. Now I have time to think back....The painful part :I had a room full of Dell PowerEdge servers that either sat idle, or churned away completing SETI@home work units (for fun) while business was in the crapper. Had I understood what Bitcoin would become, or even considered the possibility, I could have mined more satoshi than Satoshi himself.Instead, I am still here sitting at my desk like the Maytag repairman, just staring at a phone that is not ringing... via /r/Bitcoin https://bit.ly/3baKgJ9

Jerome Powell: If some want to move away from the dollar, what would be the effect on us? I don't think we would feel right away but over time they would have to create an ecosystem whereby another currency becomes a better currency for them to use. It would diminish our status as reserve currency.

https://bit.ly/3cIcdZp

Submitted July 26, 2022 at 11:59PM by KAX1107 https://bit.ly/3z9vPNt

Jerome Powell: If some want to move away from the dollar, what would be the effect on us? I don't think we would feel right away but over time they would have to create an ecosystem whereby another currency becomes a better currency for them to use. It would diminish our status as reserve currency.

https://bit.ly/3cIcdZp via /r/Bitcoin https://bit.ly/3z9vPNt

The Argentine government is now tracking down who owns Bitcoin and banning them from getting dollars.

https://bit.ly/3b5zAeX

Submitted July 26, 2022 at 11:47PM by Darken-kun https://bit.ly/3zwTwR8

Until there is mass adoption of Bitcoin, yes, it will behave like a speculative asset. No- that doesn’t mean the thesis behind it is wrong, and I am still 100% bullish and holding.

My post will be long hope that’s okay but we need to clear the air on a few things for both the BTC haters and lovers so that we can all be on the same page.

Bitcoin, in a vacuum, does it’s job incredibly well. It is a transparent, decentralized form of exchange with a limited supply. It can be transferred anywhere anytime with no interference beyond two parties involved. There is almost no other infrastructure, digital or physical, that is even comparable to Bitcoin in this regard.

This has caused many to speculate BTC will eventually see widespread adoption as an alternative to fiat, and led to much investment into Bitcoin. This has recently caused bitcoins price to surge in comparison to the fiat it’s priced in. Currently, Bitcoin is behaving like a speculative asset, as it is one. This does not however make the thesis irrelevant or incorrect.

Fiat is still, over the long term, inflationary, and subject to unfair regulation, and cycles where we switch between the nation providing and backing the currency. There are many problems with fiat that aren’t being addressed that is being kept because those in charge benefit from the status quo. We are in a time of upheaval, in which it’s become obvious world wide income inequality nor inflation is going to be properly dealt with. There will eventually be an everyday person response that changes the dynamic in order to adjust to these circumstances.

In the digital age, I’m willing to take the bet that the service and value Bitcoin provides will eventually usurp that role. But the call is for yours to make based on the information provided.

Submitted July 26, 2022 at 10:22PM by _RetroDigital_ https://bit.ly/3PQC7bs

The Argentine government is now tracking down who owns Bitcoin and banning them from getting dollars.

https://bit.ly/3b5zAeX via /r/Bitcoin https://bit.ly/3zwTwR8

Avik Roy on Inflation’s Compounding Impact: "From 1978-2021 the wages of the bottom 10% incomes have risen 4% total, while the wages of the top 10% incomes have risen 81% total" The Federal Reserve has caused massive wealth inequality via inflation inequality.

https://youtu.be/zd9_kiXdcX8?t=511 via /r/Bitcoin https://bit.ly/3J6Uwi4

Mentor Monday, July 25, 2022: 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/3cH9sr9

Dollars priced in Satoshi's

https://bit.ly/3zv3EKc

Submitted July 25, 2022 at 09:52PM by nowuknoimpaperthin https://bit.ly/3S2qb8k

Bitcoin is the most reliable network on the internet with a 99.99% uptime since January 3, 2009. Let that sink in.

https://bit.ly/3vfDGI2

Submitted July 25, 2022 at 10:52PM by flylikelucyinthesky https://bit.ly/3RZoXuJ

Today I found out my dad bought 3 bitcoins back when he seen that video of the bloke ordering dominos with them. He handed me a usb and said he saved them on it. I gave it a quick look and it’s got wallet.dat and a word file that is obviously his access code. What do I do?

No text found via /r/Bitcoin https://bit.ly/3OuGI1X

Michael Saylor: "When Satoshi invented something that allowed you to transfer value from two parties without an intermediary, not only did Satoshi invent the ability to transfer energy in cyberspace, Satoshi invented the ability to manifest energy in cyberspace."

https://bit.ly/3zviVus

Submitted July 25, 2022 at 08:30PM by PodClips https://bit.ly/3Pyf4CJ

I made my first Bitcoin payment irl at a teahouse in Tibet!

https://bit.ly/3opmqfQ

Submitted July 25, 2022 at 09:19PM by cheemspizza https://bit.ly/3ctCRVy

Bitcoin is the most reliable network on the internet with a 99.99% uptime since January 3, 2009. Let that sink in.

https://bit.ly/3vfDGI2 via /r/Bitcoin https://bit.ly/3RZoXuJ

There's a 1 in 3 chance that the next UK Prime Minister will be a supporter of Bitcoin

https://bit.ly/3ooXbKH via /r/Bitcoin https://bit.ly/3vcLWsB

The bitcoin network is secured by 900 bitcoins being printed a day

The 900 bitcoins a day are the block rewards given to miners to secure the network and process transactions. This block reward decreases by a factor of 2 every 4 years. Daily transaction fees have hovered around 10 bitcoins a day for most of bitcoins existence, only spiking during periods of heavy bull runs, where price increases made paying high transaction fees tenable. Over the long term I would expect transaction fees to average around this 10 BTC mark. Is 10 BTC a day enough to secure the network 30+ years from now when block rewards are 128th (2⁷⁾ what they are now and still declining?

Submitted July 25, 2022 at 12:06AM by jefecaminador1 https://bit.ly/3IZSKzo

Just updating this weeks numbers. 35 BTC were traded in Venezuela last week only measured using LocalBitcoin. Monthly minimum wage still at 23 USD.

Hi guys, as I have been doing for years, updating this week numbers. I usually post it in crypto, but lately have been posting it here, as it talks directly about bitcoin !A big drop from 45 BTC to 35 BTC, I don't see a reason considering price has been almost constant this week.Binance trades way more but they do make public the stats. This is only being measure using LocalBitcoin.Monthly minimum wage is 23 USD, average is around 100 USD.People use crypto to get rid of Bolivares and escape inflation, also to receive money from abroad, exchange their mining profit (mining here in theory is legal, but not safe anyway, electricity is free but unreliable).Any question, let me know!Some sources,https://bit.ly/3auOcnF via /r/Bitcoin https://bit.ly/3OqNx4E

House priced in bitcoin

https://bit.ly/3RWXqtI

Submitted July 25, 2022 at 12:15AM by DocumentingBitcoin https://bit.ly/3J0kWlA

House priced in bitcoin

https://bit.ly/3RWXqtI via /r/Bitcoin https://bit.ly/3J0kWlA

Attacking Bitcoin’s supply limit

One of the key ingredients of Bitcoin’s success is the fixed supply. And I’m not here to suggest it’s possible to alter Bitcoin’s legitimate supply.

 

However, I am concerned with malicious attempts to sway Bitcoin buyers into alternatives to BTC. Alternatives such as derivatives like futures, options, and ETFs that may hold only a fractional reserve of BTC or none at all. Even holding BTC on an exchange or in some other form of custody than a personal wallet allows for fractional reserve where you may think someone is holding your BTC but they’re not. Theyre just holding a promise to give you BTC should you ask for it back. One could even make the argument that a lot of altcoins are designed to distract investors from buying BTC with promises of being similar to BTC but with faster gains.

 

So you might be thinking, so what? My point with all this is that these alternatives to BTC provide potential BTC-investors a synthetic, always increasing supply. Any synthetic BTC investment that persuades an investor from buying BTC, is providing a synthetic supply of BTC. And these types of investments have no limit.

 

The only solution to preventing this synthetic supply of BTC is persuading and educating potential BTC investors to self-custody or purchase a spot ETF when one becomes legal and available.

 

TLDR Any investment into a BTC alternative that does not actually make it to the BTC blockchain is a synthetic creation of BTC supply. The only defense against this synthetic, unlimited supply is to educate investors to self-custody.

Submitted July 24, 2022 at 10:32PM by coldhazel https://bit.ly/3BanWd9

These are proposed symbols for satoshis/sats. Which do you prefer or what else would you prefer?

https://bit.ly/3OuDsnk via /r/Bitcoin https://bit.ly/3IYIZl0

What would make you sell all your bitcoin?

https://bit.ly/3cH3Pta

Submitted July 23, 2022 at 11:29PM by AntiqueWolverine4345 https://bit.ly/3IZFFpA

Jerome Powell: I think we now understand how little we understand about inflation. This was unpredicted. Our models have been broken for 40 years

https://bit.ly/3aZ1pp1 via /r/Bitcoin https://bit.ly/3zsU2Q5

Daily Discussion, July 23, 2022

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!

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Submitted July 23, 2022 at 01:02PM by rBitcoinMod https://bit.ly/3J00ilC

How scarce bitcoin is

https://bit.ly/3onDy5y

Submitted July 23, 2022 at 09:17PM by DocumentingBitcoin https://bit.ly/3aY3mSE

What would make you sell all your bitcoin?

https://bit.ly/3cH3Pta via /r/Bitcoin https://bit.ly/3IZFFpA

It’s time.

https://bit.ly/3zt4uap

Submitted July 23, 2022 at 09:55PM by flylikelucyinthesky https://bit.ly/3yUPiRW

when the DeFi platform says it's 100% secure

https://bit.ly/3PR7S43 via /r/Bitcoin https://bit.ly/3PKfwNR

Signs you should get off crypto lending platforms

Figured I share a couple of observations regarding current state of crypto lenders:

1. Bear market: CeFi wasn't built for crypto winter

2. Near competitor liquidation/insolvency: this is the contagion effect. We have seen this w/ Celsius, 3AC, Bancor, Vauld, Voyager.

3. Increase in customer complaints: this is all over Reddit w/ lending platform customers complaining that they cant access their accounts, takes days to get a response, changing terms and conditions

4. Bank run: this includes indications others are pulling their token off the lending platform, you don't want to be the one holding the bag

5. Questionable business practices: a lot has come out lately about corruption regarding Celsius leaders and I've been seeing the same about Nexo leaders, including a co-founder taking off with $61M.

This is something I feel worth sharing and I'm curious to hear your opinions as well. Please keep it civil and constructive, if possible.

Submitted July 22, 2022 at 03:56AM by Character_Golf https://bit.ly/3vwBdcH

We always hear about how bad Bitcoin is for the Environment - But is it arguably the greatest economic incentive towards a greener world?

https://bit.ly/3S7bdyf via /r/Bitcoin https://bit.ly/3Ba13ql

This 98 year old fuck mad bc people other than him are making money and he doesn’t understand it. Sounds like the rich are getting concerned….

https://bit.ly/3BfpJOp

Submitted July 22, 2022 at 11:12PM by Diligent_Record_1726 https://bit.ly/3J25pBJ

This 98 year old fuck mad bc people other than him are making money and he doesn’t understand it. Sounds like the rich are getting concerned….

https://bit.ly/3BfpJOp via /r/Bitcoin https://bit.ly/3J25pBJ

Spending Bitcoin at Costa Coffee Gibraltar - Possibly the 1st global franchise to accept Bitcoin physically in Europe

https://bit.ly/3aVMmMQ

Submitted July 22, 2022 at 10:37PM by CoinCorner_Sam https://bit.ly/3OudNet

It's Time To Meme Back Bitcoin

https://bit.ly/3PFHI4c via /r/Bitcoin https://bit.ly/3v7sA86

A private island in the Bahamas, Chub Cay, is seeking to adopt the Bitcoin Standard due to a lack of financial inclusion, being isolated from traditional banking services.

https://bit.ly/3RSVwu3 via /r/Bitcoin https://bit.ly/3B96VjN

We will never know if Satoshi Nakamoto sent this email, but the point remains

https://bit.ly/3PsovDC via /r/Bitcoin https://bit.ly/3z0MS4j

Disappointed to see that Bitcoin has been plotted on the left vs. right paradigm. Guess this is what happens when we hit the mainstream stage of adoption.

https://bit.ly/3OpOWbI via /r/Bitcoin https://bit.ly/3PQ2D4Z

Lettuce hands!

https://bit.ly/3cxHVIs

Submitted July 21, 2022 at 11:17PM by WillianBo https://bit.ly/3OpmWF2

Justice Department Arrests Former Coinbase Manager For Insider Trading

https://bit.ly/3Bahrr2 via /r/Bitcoin https://bit.ly/3Bd61mp

Lettuce hands!

https://bit.ly/3cxHVIs via /r/Bitcoin https://bit.ly/3OpmWF2

Micheal Saylor debunking Peter Brandt's FUD about Bitcoin energy consumption in a 3 sentences tweet.

https://bit.ly/3v44gUu

Submitted July 21, 2022 at 09:49PM by _CypherIO https://bit.ly/3v5wGO0

Tesla has announced they sold 75% of their Bitcoin

https://bit.ly/3Olf9bd

Submitted July 21, 2022 at 04:15AM by giugiacaglia https://bit.ly/3okGKic

'Crypto' turned me into a gambler, bitcoin turned me into a saver

Here's the long-form post I made about my personal struggle with gambling addiction and the role bitcoin played in helping me keep that addiction at bay.

https://bitcoinfire.substack.com/p/bitcoin-helped-fix-my-gambling-addiction

I'm sure there are a lot of newcomers out there who have been disappointed with their returns so far with bitcoin, and you've probably heard this advice before, but just stay consistent and stay in the game. Don't try and 'win it back' elsewhere. You haven't 'missed the boat,' bitcoin is THE thing you want to be owning this next decade. Learn from my cautionary tale. DCA and HODL in cold storage. Sounds simple, very difficult to execute over a long period of time.

Submitted July 21, 2022 at 12:35AM by ittsysk1975 https://bit.ly/3ctB5Ui

Tesla has announced they sold 75% of their Bitcoin

https://bit.ly/3Olf9bd via /r/Bitcoin https://bit.ly/3okGKic

Yankees will now be able to collect their salary in bitcoin

NYDIG, the financial services company specializing in bitcoin (BTC), announced on July 14 its partnership with the renowned New York Yankees professional baseball club. This agreement will allow its employees to access their savings plan in the market's leading cryptocurrency.Interestingly, just a couple of days later, according to the numbers of Exeno, a popular crypto ecommerce, its most used and resorted means of payment during these days was the same Bitcoin.In the press release they announced that Yankees employees will be able to convert part of their payment in bitcoin through the NYDIG platform.The alliance will allow these transactions to be free of charge. This situation comes in the midst of the bear market that the cryptocurrency is going through, which is trading around USD 20,000 these days. via /r/Bitcoin https://bit.ly/3B4mDwp

'Crypto' turned me into a gambler, bitcoin turned me into a saver

Here's the long-form post I made about my personal struggle with gambling addiction and the role bitcoin played in helping me keep that addiction at bay.https://bit.ly/3v1scru sure there are a lot of newcomers out there who have been disappointed with their returns so far with bitcoin, and you've probably heard this advice before, but just stay consistent and stay in the game. Don't try and 'win it back' elsewhere. You haven't 'missed the boat,' bitcoin is THE thing you want to be owning this next decade. Learn from my cautionary tale. DCA and HODL in cold storage. Sounds simple, very difficult to execute over a long period of time. via /r/Bitcoin https://bit.ly/3ctB5Ui

“Whale #3” Is Tricking Everyone

I think there’s a large number of people that knows/follows “Whale #3”, which used to be the largest non-exchange Bitcoin wallet. People would try to watch their moves and try to get a better understanding of the market, me included.Recently, there has been significantly large outflows from this wallet, which demoted this wallet to now “Whale #8”. YouTube influencers and Redditors alike have all been assuming this whale has been selling into the recent market pump. (This would make sense, specially considering that some of these outflows are going to a Coinbase address).However, I have some interesting findings that shows “Whale #3”, intentionally or not, has been tricking all these people.They are not selling. Just splitting their wallet!If you look at “Whale #3” (now “Whale #8”), and compare it to, at the time of writing, “Whale #11”, you will notice that all recent large outflows from the first, match the recently inflows on the second. In fact, you can confirm (based on block #) that some of these transactions are happening directly between these addresses (while others are going to Coinbase first, and then to the second address).“Whale #3”“Whale #11”Although this doesn’t mean anything about where the markets are going, I thought some people would be interested in these findings. via /r/Bitcoin https://bit.ly/3B5ceAL

Tell in the comment who does this every time?

https://bit.ly/3PIhdve

Submitted July 20, 2022 at 07:12PM by jyorge_maccaline https://bit.ly/3B4eOqn

Those who waited for Bitcoin to reach $10k before buying

https://bit.ly/3AZoQt5 via /r/Bitcoin https://bit.ly/3of9LMn

Nobody is worried about inflation. It will only have a temporary, transitory impact.

https://bit.ly/3uZcQnx

Submitted July 19, 2022 at 11:02PM by Brief-Brain-7652 https://bit.ly/3Oj3KZE

Proof of Work matters

https://bit.ly/3PlWX2K

Submitted July 19, 2022 at 08:04PM by AdNational7013 https://bit.ly/3B1MrJG

This is the first Bitcoin cycle I haven’t heard a single hater say this.

https://bit.ly/3OjMzaf

Submitted July 19, 2022 at 09:11PM by polloponzi https://bit.ly/3aWAqKG

Nobody is worried about inflation. It will only have a temporary, transitory impact.

https://bit.ly/3uZcQnx via /r/Bitcoin https://bit.ly/3Oj3KZE

What are things that could actually kill Bitcoin?

I’ve been following this page for a couple weeks now and allready have a very small amount of bitcoin myself but don’t feel like i really know enough about how it works.

Online you can really only find 2 opinions on bitcoin. People either absolutly love it or they totally hate it so i thought it would be interesting to hear what the bitcoin enthousiast think the dangers of Bitcoin are.

So what do you guys think that could actually kill bitcoin?

Submitted July 19, 2022 at 06:09PM by Miserable_Strike_457 https://bit.ly/3RKZx3H

This is the first Bitcoin cycle I haven’t heard a single hater say this.

https://bit.ly/3OjMzaf

Submitted July 19, 2022 at 09:11PM by polloponzi https://bit.ly/3aWAqKG

Proof of Work matters

https://bit.ly/3PlWX2K via /r/Bitcoin https://bit.ly/3B1MrJG

45 BTC were traded last week in Venezuela using (only) LocalBitcoin

Hi, guys I post this on the cryptocurrency subreddit but I noticed some people here don't read it and this is almos 100% Bitcoin focused. I'm Venezuelan and yes, I live here.

I just put only one data point in the title because some people really hate that I put several data points there (I guess you should make people happy sometimes)

Last week 48BTC were traded, so we care close to 200BTC monthly. Also, monthly minimum wage keeps going down, now under 23 USD.

One BTC trades around 125,000 Bs. (Bolivares, national currency)

LocalBitcoin is not the most used or popular, but it works as a gauge because it has an public stats updated weekly. I think the current king is Binance, after that comes AirTM, Reserve and others.

People use crypto to get rid of Bolivares and escape inflation, also to receive money from abroad, exchange their mining profit (mining here in theory is legal, but not safe anyway, electricity is free but unreliable, yesterday I just had a several hours blackout).

Last month inflation was 14%. High but better than that we had years ago.

Why no millions? Where are the zeroes? By law government removed six zeroes so 1,000,000 "old" Bs. is now 1 "new" Bs.

Yes, MONTHLY minimum wage is 23 USD, plus you get 45 Bs of food bonus in cash (that would be around 8 USD more) and in theory you should get a bag of food monthly worth around of 20 USD (rice, beans, oil, tuna, sugar, flour and so on). So if you don't have any extra income (other work, someone helping you and so on) you have to "survive" with that.

Average wage is around 100 USD monthly, a really good wage is 500 USD monthly (My dream hehehe).

Some sources,

https://www.caracaschronicles.com/2022/04/21/is-venezuela-doing-better/

https://www.caracaschronicles.com/2022/04/20/the-bizarre-figures-of-venezuelas-economic-recovery/

https://coin.dance/volume/localbitcoins/VED/BTC

https://coin.dance/volume/localbitcoins/VED

https://www.caracaschronicles.com/2020/10/23/you-need-285-minimum-wages-in-venezuela-to-feed-your-family/

https://localbitcoins.com/country/VE

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

Submitted July 18, 2022 at 09:02PM by WorkingLime https://bit.ly/3Pyd7Wm

The only way to become truly mainstream.

https://bit.ly/3OflHZ1 via /r/Bitcoin https://bit.ly/3J1YZCV

The Cantillon Effect

https://bit.ly/3cnaQiC

Submitted July 18, 2022 at 11:46PM by _CypherIO https://bit.ly/3IMH3fe

Expect ‘Bitcoin Lightning Accepted Here’ in Stores, Manager Says

https://bit.ly/3AYS5vR via /r/Bitcoin https://bit.ly/3PGoc81

Hong Kong Central Bank: Crypto is likely to be 'important for future financial system'

https://bit.ly/3uWjoU3 via /r/Bitcoin https://bit.ly/3uWjjzB

The Cantillon Effect

https://bit.ly/3cnaQiC via /r/Bitcoin https://bit.ly/3IMH3fe

The elephant in the room that critics never address. If Bitcoin is worth zero, why does the free market say Bitcoin value > 0 ?

Markets are assumed to be irrational short-term but efficient and rational over the long-term.

Speculative mania phases never last very long and once the bubble burst reality sets in quickly.

Over the long term markets are very efficient truth finding machines.

The collective wisdom and intelligence of markets is bigger than the intelligence and wisdom of the average investor in the same market.

If you make a price prediction and you are wrong after 1 year you can still argue that the market is wrong and you are right but if you make a price prediction and are still wrong after 5 or 10 years chances are very high that you were wrong and the market was right.

Bitcoin critics like Peter Schiff have been claiming that Bitcoin is worth 0 for 10 years and the market has been telling them they are wrong for 10 years.

Assuming that Schiff is right that would not only mean the market which is an efficient pricing machine over the long term is irrational and getting even more irrational over time. Historically this is not how markets have worked.

If we look at other bubbles in history we find the railroad mania, the tulip bubble and the dotcom bubble. All of these had speculative mania, unsophisticated investor participation and overpriced shares and assets which turned out to be worthless. Collapse of the market was seen within 2 years of mania onset. The market was very good at figuring out that the assets were mispriced and corrected itself like it should have.

Bitcoin has seen several bull markets so far that ended in what resembled a speculative mania which corrected itself in less than 2 years. The market corrected itself like it should have.

Bitcoin had listings in major futures exchanges since 2017. It's not a closed or small obscure market.

I don't think in history of finance there have been cases of speculative mania phases that lasted over 10 years and had several 70% corrections and longer bear markets.

If someone believes the value is 0 they believe in perpetual and complete failure of the market to price a fairly large market cap asset, essentially they don't believe in markets at all.

If they don't believe in free markets, what do they believe in then? Central planning?

Submitted July 18, 2022 at 08:20PM by Agile-Caterpillar421 https://bit.ly/3ohLqoZ

The Central African Republic Makes Bitcoin a Reserve Currency

https://bit.ly/3AYdnd3

Submitted July 18, 2022 at 10:28PM by castorfromtheva https://bit.ly/3aJYKj9

Is Craig Wright afraid of the compelling truth in my new nonfiction book, Finding Satoshi, The Real Story Behind Mysterious Bitcoin Creator Satoshi Nakamoto? He certainly doesn't want anyone to read it. He posted this message to my LinkedIn account.

​

https://preview.redd.it/0yrf5jlfd5c91.jpg?width=862&format=pjpg&auto=webp&s=5099a3b3dd5012a0051946b5a2f0fd3e1627297d

Submitted July 17, 2022 at 11:33PM by Satoshi2022 https://bit.ly/3uXegPw

How is michael saylor a legit CEO?

I love the guy dont get me wrong but he does like 16 podcasts a day? Doesnt he have to work lol ? He talked to robert breedlove for 17 hours and goes on a podcast every day it seems

Submitted July 17, 2022 at 08:06PM by Timely_Cucumber1703 https://bit.ly/3AWGRYL

Is Craig Wright afraid of the compelling truth in my new nonfiction book, Finding Satoshi, The Real Story Behind Mysterious Bitcoin Creator Satoshi Nakamoto? He certainly doesn't want anyone to read it. He posted this message to my LinkedIn account.

​https://bit.ly/3aLrV5e via /r/Bitcoin https://bit.ly/3uXegPw

How is michael saylor a legit CEO?

I love the guy dont get me wrong but he does like 16 podcasts a day? Doesnt he have to work lol ? He talked to robert breedlove for 17 hours and goes on a podcast every day it seems via /r/Bitcoin https://bit.ly/3AWGRYL