Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
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v46ab0nd.
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- Have we finished flushing out the traders and weak hands, yet? Wouldn’t it be great if they would all dump everything so we could see where the BTC floor really is, and start building up from there with actual investors and hodlers? It would be worth the hit in my opinion to build on a known price that couldn’t be manipulated lower or get rattled.
Started by:
Hopeium_Littlefish- 2
- 12
- 1 year, 1 month ago
NukiousStar- How will strippers be tipped, in a hyperbitcoinized world? Serious question! One of the enjoyable features of physical cash, is that you can gently place it in the stripper's thong, to tip her. The stripper enjoys it (or at least acts like she does), and you get to feel benevolent and loving. It's just, a great feature. But, it's a whole lot less sexy, to ask her for a wallet address while she's pole dancing, you know? How will that industry be affected by the adoption of BTC? How will we tip strippers???
Started by:
RonPaulWasR1ght- 2
- 21
- 1 year, 1 month ago
yoyoJ- Since YubiKey v5.2 firmware support EC secp256k1, couldn’t it now be used as a Bitcoin wallet? Digging through the YubiKey site, I noticed they recently added `secp256k1` support. I know that GPG does payload decoration before signing that will break bitcoin, but it looks like the RAW dotNet SDK has a `SignHash` function that may be low level enough. So, as a purely theoretical, does the Yubikey API / SDK have enough support for `secp256k1` to sign a simple bitcoin transaction and service as a single-address HW wallet? Anyone want to give it a shot? ### References * [YubiKey 5.2 Enhancements](https://support.yubico.com/hc/en-us/articles/360016649139-YubiKey-5-2-Enhancements-to-OpenPGP-3-4-Support) * [GPG secp256k1 and bitcoin (why it fails)](https://bitcoindev.network/using-gpg-as-a-bitcoin-address/)
Started by:
brianddk- 1
- 1
- 1 year, 1 month ago
brianddk- Why I think we’re in a supercycle. BTC supply is growing at less than 2%. Previous cycles it was ~ 4 or 8 %. 90% is mined. BTC is now more scarce than gold, before it wasn’t due to the supply growth. That’s it, that’s the reason. No TA or anything dumb speculation over whether another country will adopt. Moon eventually 🌗
Started by:
yolodogewtf- 2
- 3
- 1 year, 1 month ago
Mark_Bear- New to it Bought in the last few months but even with dips just excited to buy more!
Started by:
LordDecrepit- 2
- 6
- 1 year, 1 month ago
scrauser88- So you think you know how long this dip will last? Spoiler: You don’t. If this cycle has taught you ANYTHING it should be that past performance is not always gonna predict future performance. Yeah 2013 and 2017 saw way frothier peaks. Now the same people who see that we may not have as frothy of a peak before the next halving cycle just assume we’ll be in a 2 year major downturn…based on…yep, again… the last two halving cycles’ performance. You nor anyone else doesn’t know what the next 2 yrs will bring. My personal belief is that we will have lesser volatility, and hence not as severe or prolonged of a downturn, but who really knows. Moon eventually 🌗
Started by:
yolodogewtf- 2
- 6
- 1 year, 1 month ago
eve_of_distraction- Should I sell or should I hold? Darling, you've got to let me know Should I sell or should I hold? If you say that you are mine I'll be here 'til the end of time So you got to let me know Should I sell or should I hold? ​ It's always tease, tease, tease You're happy when I'm on my knees One day is fine, next is black So if you want me off your back Well, come on and let me know Should I sell or should I hold? ​ Should I sell or should I hold now? Should I sell or should I hold now? If I hold there will be trouble And if I sell it will be double So come on and let me know.... Should I sell or should I hold?
Started by:
Waiwirinao- 2
- 7
- 1 year, 1 month ago
FirstTimeLongTime_69- Crypto.com Hey folks, nothing exactly to Do with bitcoin but can somebody explain why crypto.com has such a Bad feeling from many people? Many of my friends joined there, also for their own token and Credit card and i thought of reading into it and saw a lot of negative comments obout it but not with a special reason. Just like but dont go to crypto com, crypto.com is trash/ scam, be carefull etc . Anyone here Haß any information about it ? Thx and have a nice day :)
Started by:
Massakahorscht- 2
- 9
- 1 year, 1 month ago
my4coins- One day you will regret not having bought BTC at 40k I bought BTC when it was less than 1,000$, I keep on buying now that is 40k, I believe in its value and its future. I’m 99.9% sure that BTC will reach 400k within 5 years, 10 years maximum. It’s my opinion, not a financial advice. BUY SOME NOW.
Started by:
hugocrpto- 2
- 7
- 1 year, 1 month ago
Qiagent- Should every person in the crypto market buy bitcoin by default? Safe to say that BTC is king. Without it the market stagnates and few cryptos experience decent growth. Therefore should every single person in the crypto market hold btc by default? Interested in your thoughts....
Started by:
Beneficial_Career528- 2
- 8
- 1 year, 1 month ago
g0dr1c_- Question: What was the earliest time Bitcoin could have been made? What tech was necessary? I was reading through the BTC whitepaper and I was struck by how *simple* it all is. It's simplicity is beautiful. But then it got me wondering: what took so long? Was it literally just coming up with the idea? Would BTC have been possible in, say, the early 2000s? Or even before that? All you really need is an internet connection, a CPU and a small (at least by today's standards) amount of storage.
Started by:
bobbybobsonday- 2
- 8
- 1 year, 1 month ago
livingwithrage- How many more BTC will Michael Saylor buy during this dip How many more BTC will Michael Saylor buy during this dip, 2000 ?
Started by:
EyesFor1- 2
- 7
- 1 year, 1 month ago
irresponsible_owl- Bitcoin as a retirement account? I am 31, and wondering if anyone else around this age has chosen to not put money into a retirement account at work and instead put it into BTC instead? Obviously this isn’t a very traditional or risk-off approach but I believe in this thing and I think it could work. It’s been amazing watching BTC transcend into society over the past year. Or if not retirement, do you do anything against the grain or that is not very common with BTC that you don’t know anyone else does?
Started by:
Colombian_Meatsmoker- 2
- 4
- 1 year, 1 month ago
AtlasStakePool- Tracing Transactions Can I trace a transaction with just an amount and date? Story: A new platform which revolves around "virtual land" sales, has a stagnant market place, with a huge number of land plots for sale, but with no buyers. Every once in a while, the company will claim on their social media a massive sale of a famous land mark, thus creating FOMO. In spite of being asked, they refuse to give out any details. How can I see the truth behind this? What are the basics I would need?
Started by:
Putapest- 2
- 2
- 1 year, 1 month ago
Narmotur- how to place order if btc drops to certain amount i'm wanting to place a buy order for some btc when the price of one btc hits say a number lower than a current value. lets say i want to buy 500.00usd of btc when it drops 1000.0 less than its current value. do i use a buy limit or buy stop? on the exchange i have these options: --------------------------------------------------- [Buy Stop] Stop Price: usd Amount: btc Limit Price: usd [Buy Limit] Amount: btc Limit Price: usd
Started by:
3DCO69- 2
- 5
- 1 year, 1 month ago
Brettanomyces78- How high will Bitcoin go in 2022? Cast your prediction, win some sats! 20k sats to the wallet of your choice if you're closest to nearest $100 USD . How high do you think BTC will go in 2022? Only one prediction per person. Here is the contest: [https://predictany.com/tournament/](https://predictany.com/tournament/)
Started by:
HeraldDesk- 2
- 22
- 1 year, 1 month ago
Call-me-daddy247- Untrust… Seems about right. Untrust… Seems about right.
Started by:
shikolevy- 1
- 1
- 1 year, 1 month ago
shikolevy- Bitcoin is acting in a cyclical manner…ups and downs, like Wall Street, like Oil, like Cash…nice! But why hasn’t Real Estate dropped? BTC is acting in a cyclical manner…ups and downs, like Wall Street, like Oil, like Cash…nice! But why hasn’t Real Estate dropped?
Started by:
BuildingCrypto411- 2
- 10
- 1 year, 1 month ago
RogueTobasco- Cold Wallet: Now what? Just got my first cold wallet. Without asking you all your secrets, what are you all doing with them once you have a scary proportion of your value on it? Carrying it on your person, locking it in a safe? Just looking for ideas.
Started by:
Moboil- 2
- 17
- 1 year, 1 month ago
drdrew450- We are officially two months into the downward skid since the peak on November 7th. Guesses on when it will end?
Started by:
RealDonaldTru- 2
- 5
- 1 year, 1 month ago
brrrettonwoods- Why do people sell when it dips? How can someone invest into BTC and sell when it dips? Doing literally 5 minutes of research and looking at the history of the price you can see how it is common that the price dips but always bounces back higher. Do people really think it will just go straight up all the time? Everyone at this point knows crypto is still volatile. It just blows my mind
Started by:
msamuelem- 2
- 16
- 1 year, 1 month ago
WNC_Hikestrong- I’ve been living in El Salvador for the past 5 weeks using only BTC. No cash, no credit cards. It can be done! I’m an Italian podcaster and I’ve been traveling in the whole country to report the state of BTC adoption. You can read my chronicles on my website. We post in English as well as in Italian. Hope u guys enjoy. 👊🏻
Started by:
methodo_r- 2
- 5
- 1 year, 1 month ago
BoAndJack- My friend paid a guy 8k to create a new cryptocurrency for him… what are the odds this isn’t a total scam? My friend paid a guy 8k to create a new cryptocurrency for him… what are the odds this isn’t a total scam?
Started by:
outlier_ninetwo- 2
- 14
- 1 year, 1 month ago
boa67- Where do the exchanges get their Bitcoin from? I wanna know where big exchanges like Coinbase get their BTC reserves from. Do they have a big mining operation? Or do they buy from whales?
Started by:
namefacedude- 2
- 17
- 1 year, 1 month ago
n3p0muk- Apps to report payments over $600 per year to the IRS https://www.dailymail.co.uk/news/article-10372327/Venmo-PayPal-Cash-App-report-transactions-totaling-600-IRS.html Is the way forward to buy using cash on local stores?
Started by:
PToN_rM- 2
- 11
- 1 year, 1 month ago
rtheiss- Goldman Sachs Predicts Bitcoin Could Reach $100K as BTC Continues to Take Gold’s Market Share as Store of Value Goldman Sachs has predicted that the price of bitcoin could reach $100,000. The global investment bank believes that bitcoin will continue to take market share away from gold as cryptocurrency adoption grows.
Started by:
AmbitiousDecision552- 2
- 2
- 1 year, 1 month ago
readevola- This forum next week: Bull market back on, $100k confirmed, Lambo Crazy how bi-polar this sub is. Smallest amount of FUD and everyone loses their mind. Just wait until a meaning uptrend is confirmed again. FOMO gang will be back.
Started by:
Major_Bandicoot_3239- 2
- 5
- 1 year, 1 month ago
MasOlas619- Real HODLers and overall crypto market! Have been in this for ~7 years. I can't remember negative sentiment and overall negative comments towards BTC to have ever been upvoted as heavily. Also I can't remember the overall sentiment to have been this low ever. Not even in the mids of long bear markets. Bullish? It is somewhat "accepted" to mock people who sold BTC early (in 2011 etc). But they had no knowledge of what this could become. I think that hodling BTC was the easiest between 2013-current date. You had some price history to go by, and at the same time you could expect moon every 4 years. This period has now ended and we are again in uncharted waters that the OGs in 2011 faced. In 2032 those who sold now will look stupid. Just like those who sold in 2011. But being the one who didn't sell in 2011 was extremely hard. The same as today.
Started by:
1Lost_King1- 2
- 3
- 1 year, 1 month ago
Halo22B- Why am I so bullish on Bitcoin? It's easy to get fearfull about BTC when your main interface with it is its price action. What has made a huge difference for me is to actually start experiment and building with BTC and with Lightning in particular. Once you go down this rabbithole you'll actually learn what the BTC network has to offer. I'll share with you some insights I have gotten so far and hopefully it inspires some of you to also start building 1. Lightning allows you to circumvent the banking system. For hobbyist entrepreneurs like myself this is actually a pretty big deal. Setting up a business bank-account is no easy task. Especially if you want to set up a small business to check market interest, being able to use a lightning address for payments is ideal and has allowed me to work on business ideas without the red tape of having to deal with institutions. 2. If you get yourself familiar witht he lightning CLI and you know a bit of Python you can already start doing interesting stuff that your average bank won't let you do. For instance automating refunds and payment forwarding. With just a few lines of code you can already start a payment processing business and make money on routing fees (which is essentially a smart contract). 3. Last but not least I believe that an underexposed feature of the BTC network are its nodes. I see nodes becoming much more than just for running the BTC and Lightning software. They're basically a personal always-online server that offers a scalable solution for hosting decentralized applications. Where Ethereum for instance hosts its smart contracts on their basechain (which is hugely inefficient as every node needs to host a copy), bitcoin nodes allow for decentralized hosting of smart contracts and other applications on the nodes hardware. The difference being that only a relevant subset of the network has to run the smartcontract. Use cases being things like self hosting your webshop, blogs, social media profile, videos, images and applications so you don't have to rely on software giants like Amazon, Youtube and Facebook anymore. This is of course all far from reality, but I think this is where BTC will have a huge advantage over many other blockchains and frankly where many other blockchains have made a huge mistake in choosing for a bloated basechain and a more centralized node system.
Started by:
Bureaugewas- 2
- 2
- 1 year, 1 month ago
siffythejetz- Bitcoin news sites are awful Every time you go to look up anything about bitcoin, articles pop up in the news feed, that based on the title alone should contain the answers you are looking for. However, it is almost always extraneous information about where to buy bitcoin, what wallet to use, or other news that was relevant months ago. There never seems to be an answer to current events. I understand that this is most likely just clickbait to attract people that don’t have the greatest understanding of how bitcoin works, but it is every site. Are there any sites or sources that offer bitcoin news that is somewhat relevant and more in depth than these surface level articles? Just a quick rant about my frustration.
Started by:
Southsideswag16- 2
- 3
- 1 year, 1 month ago
igadjeed- These are the times to just log off. I’m going to keep DCAin’ every week. It can be tempting for a lot of us, rather than panic selling, we panic buy. Blow our load too soon, shall we say. I’m just going to not get tempted, keep to my plan. Keep up the weekly buys.
Started by:
despotteapot- 2
- 3
- 1 year, 1 month ago
Zahis10- FOMO the Dip What upsets me most about the January 2021 dip is I don't have the cash right now to BUY MORE BITCOIN.
Started by:
LMFAOontheinside- 2
- 5
- 1 year, 1 month ago
FutureNotBleak- Fed creates endless dollars and buys endless bonds the govt creates…news says capped supply bitcoin a scam. The current fear narrative is absurd. I guess "tapering" from creating massive, massive, massive amounts of new money to just creating massive, massive amounts of new money should be bad for bitcoin. Clown world driven by fear.
Started by:
tz22rz- 2
- 3
- 1 year, 1 month ago
Dr-Slay- Panicking P*****s As if BTC didn’t slip below 30k in July. The panic is exhausting to hear about. Everything is going to be fine! Act like you’ve been here before…
Started by:
Revolutionary-Tax776- 2
- 10
- 1 year, 1 month ago
Jaded_Register_4591- I just tipped my delivery driver in bitcoin! I know we have to HODL and all that but I figured maybe if I start giving away sats, it might speed up adoption. Would you guys ever give away bitcoin as a tip?
Started by:
onlygotpointfivebtc- 2
- 11
- 1 year, 1 month ago
toadhall81- This should be a lesson to everyone If this type of volatility is making you nervous, sick to your stomach, losing sleep, etc.. basically anything other than relaxed - then you should not have invested your money. Number 1 rule - only invest what you can afford to lose. Look, we all want to make lots of money, and we may someday, but let's be realistic, it could be 2-3 years, or maybe more before we hit $100K. We don't know when it's going to be - that's why you buy, and hold. But, during this process - be prepared for things like this to happen. Too many people on here losing their shit!!!
Started by:
BradL30- 2
- 10
- 1 year, 1 month ago
Acceptable-Analyst30- What is the process an exchange uses to aquire Bitcoin? Specifically where do they get it from, how do they set that up and what are the other steps?
Started by:
mybed54- 2
- 3
- 1 year, 1 month ago
BTC_sha256- Be careful if you use Bittrex! Do not use Bittrex! They have the WORST customer support. They have been holding my funds hostage for an entire YEAR now and counting. My support case (which they are ignoring) is 2207214. Be careful if you use this exchange! I was a loyal Bittrex customer for many years until they disabled a wallet i use regularly. Under maintenance forever now with no explanation. I cannot withdraw my coins. Absolutely maddening!
Started by:
BitcoinBiskit- 1
- 1
- 1 year, 1 month ago
BitcoinBiskit- How I Opted Out of Fiat Been seeing a lot of threads the last couple of weeks about people wanting to opt out of fiat but not sure how. Thought I'd share my experience. It might sound more like prepping, but this is ***what I did*** to be able to transition out of the fiat system ***for the long term***. Might not work for everyone. My experience is a culmination of what I learned from the North East Black out in 2003, GFC in 2008, Hurricane Sandy in 2012 and Hurricane Irma in 2017, and of course more recent events. # 1. Get out of Consumer Debt Debt is slavery. Do whatever you can, as fast as you can, to get out of debt. The only debt I've ever taken on was student loan debt and got out of that as fast as I could, but I've seen people get wrecked, and I mean to the point of breakups and near suicide, because of how much debt they've taken on. Those suggesting that you can "borrow" against your bitcoin... Unless your a financial savant and can predict the future... # 2. Build a Base **Food and other provisions** At minimum, having 3 months worth of provisions is enough to get through short term crisis. But as of recent events, 3 months wouldn't cut it. Personally, it's a 1 year food and provisional supply... The motto is two is one. One is none. So that year could end up being 6 months depending on how things go. **Precious Metals** I know around these parts, people sub the precious metals. But there's a saying... >*In an financial crisis, you sell what you can, not what you want.* Precious metals won't make you rich, but they'll keep you from being poor. It's financial / economical insurance. Much like BTC where 1 BTC = 1 BTC, 1 oz of gold/silver = 1 oz of gold/silver yesterday, today and tomorrow. And much like food stuffs and provisions, you want to keep a few months worth on hand and tucked away. Example: *You have $3,000 in monthly expenses, and gold price at a low is $1,700 an ounce, you're looking at 2 oz of gold to cover yourself for the month. For 3 months, that's 6 oz. You can do the same with silver, or you can divide it up between both gold and silver and then tuck them away.* A little bit here goes a long, long, long way. *And no, I don't regret having them nor do I intend to get rid of them any time soon.* **Physical Cash** Yes, it's dirty fiat, but we still live in a fiat world. The most important thing to do is TAKE IT OUT OF THE BANK and keep it in physical cash. Before BTC, I was holding 3 months of expenses in cash. Then I got into precious metals, and only keep a months worth of physical cash now. More on BTC as reserves later. Cash is more of a rainy day fund. Yes, it's losing 15% (according to shadow stats) every year, but this is the kind of funds you want to use first if there's any kind of emergency. Having a good sound base or foundation helps you become **antifragile**. It helps you sleep at night when the markets are taking a massive dump or the weather decides to go all ex-girlfriend/wife (or boyfriend/husband). Physical cash and precious metals are great to have on hand as they are both private, off the grid and very liquid. Having a good food and provisional supply of goods helps your resources last longer. When the lockdowns in 2020 happened, and even now with supply chains broken, you'll still have what you need to maintain your every day and stay comfy. **Grow your own food** We recently started doing this. We have our own little vegetable garden (in the city), and my brother raises egg-laying chickens where he lives (in the suburbs). It helps reduce the cost of food each week, and we trade often. My brother recently made a connection with a rancher, and we both went in on a half-cow to split between our families which is about a years worth of meat. # 3. Accumulation mode With the above taken care of, you can go into **beast mode** for accumulating. *Note: You can build your base while accumulating as well. It just takes a while as you're spreading yourself thin.* **Build your BTC base** My goal was to build a **years worth of expenses in BTC**. This is my permanent Hodl savings. I based the amount of BTC needed on the LOWEST price point at the time ($15K at the time) in order to weather severe market down turns (80%) and crypto winters. Because I had a solid base built up, no debt, I just stacked hard and stacked fast, foregoing all the "fun" stuff, got to my goal and continued stacking. I'm still stacking. **Get educated** Learn as much as you can about BTC. Don't just look at it as "*number go up*" or "*muh hardest money ever*," but really learn about its all about. Learn how to... * create and keep to a budget * learn about taxes * protect your privacy and stay private * coinjoin and how to manage your coins * create your own banking system of hodl wallets and spending wallets * start and operate a node * trade peer-to-peer in person or on platforms like Bisq * get off the Coinbase / Cash App / Strike tit. Those are good places to start, but those aren't places you want to stay in for long. Especially if you're looking to actually LIVE on BTC. More importantly, **learn to measure and price things in Sats**. This is a simple one, but a real tricky one that takes practice. If you want to see true value of goods and services, measure it as stuff-against-stuff. # 4. Transition mode **Earn BTC** It's one thing to constantly buy/exchange your fiat for BTC, but it's another when you start actually EARNING BTC. **Start small** Ask your employer or clientele to pay you in BTC or, if you're still stuck in fiat land, get a portion of your net wage in BTC. The worst thing they can say is "No." But in the case that they do want to pay you in BTC; they can either (a) start accumulating BTC and then from their reserves, start paying you or (b) you can refer them to places like BitWage or Strike. The former is the better IMO. If they say "no" and refuse to even bother, then maybe look for another place of employment or find another way by either converting your wage yourself or finding another place of employment that will work with you. **Pay yourself first** When you start earning bitcoin, PAY YOURSELF FIRST. That goes into a permanent hodl wallet. No acceptions. **Spend / Replace** If you've never been to the gym; you don't go to the gym and immediately squat 200 kilos on day one. You warm up with small light weight. Same deal here. Start small. * If you're earning BTC: Then spend/replace doesn't really matter here. * If you're still in fiat: Using platforms like Cash App/Strike to swap out of fiat immediately is a second best way to go. **Learn to use the market highs and lows to your advantage when you make purchases** Example: Was paid recently in BTC when the price was at $46K (roughly). Price dropped to $45K. Went out to lunch with the misses at a place that accepts crypto (we helped them set it up), and while we're spending, we're also taking on capital loss too which I will definitely use come tax time. Another example: I bought some BTC when it was at $36K and then it spiked to the high $60K. I used the opportunity to purchase some equipment for my business and I also made a charitable contribution. I was able to deduct my business equipment and take the deduction for the charitable contribution. # 5. Continuation **Stay educated** Keep learning about monetary history and BTC. The ocean of knowledge here is vast and deep. **Increase your skillset** Learning a trade, a craft or a skill will definitely help you in the long run. A friend of mine spent time learning to become an electrician while working in construction. He wanted to be paid in BTC, but because his job won't, he decided (after getting his certification) to go out on his own as an electrician and charges his fees in BTC. I've been at this since 2010. It took me a long time, slowly and steadily, to build a base. It wasn't a smooth transition too and there were a lot of mistakes made, but ultimately, because of all the things I've done above, I was able to completely transition out of the fiat system a few months ago and started to live on BTC entirely. Market down turns like what's happened in the last few days (and will probably drop lower) don't impact as much when you know you've got a good foundation to stand on. This goes doubly so when you look at things in terms of sats and not dollars. See where the REAL volatility is. I'm not saying or suggestion that you have to do what I did, but my experience from 2008 lead me to do things this way. **You need to find your own.** Hopefully, this helps inspire or sparks some ideas. If you've got any ideas, or experiences of going off the fiat ship, I'd love to know too. Happy stacking.
Started by:
FalconPunched007- 1
- 1
- 1 year, 1 month ago
FalconPunched007- How can Iranians buy Bitcoin? Hi, my girlfriend is from Iran but living permanently in Berlin, Germany. When she wants to open a wallet in let’s say Bitpanda or Coinbase to buy BTC, she is being asked for her residency. As she doesn’t have German nationality, she has to upload her Iranian ID, which won’t be accepted and her account cannot be verified. Now, I was wondering, which exchange accepts Iranian people to trade crypto? Does anyone know? I googled it and only found a platform called LocalBTCs but it seems it’s not a real exchange.
Started by:
Bandleader86- 2
- 15
- 1 year, 1 month ago
Opening_Cow_1783- You must be logged in to create new topics.