Daily Discussion, June 06, 2024
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.
Please check the previous discussion thread for unanswered questions.
https://redd.it/1d9bcgx
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Bitcoin is never gonna stop 🔥🚀
https://redd.it/1d98j6e
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A bitcoin story
Greetings and salutations-
I don't post here ever, but I wanted to post this story for all those thinking about dipping their toes into the proverbial waters. I won't get to specific into dates and numbers because this is reddit and I don't care about the details that much. So forgive me if the numbers don't track exactly.
I am a New Englander and I started buying bitcoin right around when Donald Trump was elected. I had managed to stack about 8 coins over a year or two.
I sold around 7 coins for a down payment on a small condo. It was priced at 330k at the time. Maybe its worth like 400k now, I have no idea. I hadn't turned 30 yet, and buying a condo made me feel like a big shot. I sold the bulk of my BTC to put a 3.5% down payment on my condo... Not even 20% down. I still had PMI for a year!
Now here we are at 70k+ per coin and I could have just straight up bought the condo.
That's about the sum of my TED talk. Bitcoin outpaces all investments. Had I just kept my coins, it would have been a better investment. Better than my 401k, shares of facebook, condo, or just about any other investment vehicle.
Buy coins. save them. hold them. Wait & watch. The only regrets you will have is not buying enough.
Hodl my brothers and sisters
https://redd.it/1d8xxix
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Discuss the path to number 1?
https://redd.it/1d8jlki
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Don't stress about inflation. Save in bitcoin.
https://redd.it/1d8ttfb
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Australian Bitcoin ETF commercial.
https://redd.it/1d8ktsm
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The distribution of Bitcoin
https://redd.it/1d8n3c4
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US ETFs bought a month’s worth of Bitcoin mining supply, yesterday.
https://redd.it/1d8l7by
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Finally decided to take a leap of faith
I've been observing Bitcoin for a while (Almost 3 years, ever since the crypto bloom)
While I've never invested in anything, no gold or stocks, due to how complicated it is and concerns of physical gold being stolen, I've always been aware and worried about fiat slowly losing it's value
Decided to just say screw it and bought a Trezor One last week due to rumors of some major countries having concerns about the stability of USD, the world's major currency and wanting to hold talks to change from USD to something else
Finally got it today and set it up
While I'm not 100% sure if this was a great decision, I'm gonna invest about 100usd biweekly into bitcoin since I don't invest into anything else besides real estate
So yea, that's my story, hi I'm new and I hope Bitcoin is a good store of value for the future.
(I'm not from the US, I'm from Asia, I buy from Luno on the exchange, DCA 100usd every 2 weeks)
Would like to hear any advice and tips here and there
https://redd.it/1d8erjf
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Bitcoin On The Lightning Network
https://redd.it/1d8esyk
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Half a years salary in 6 months
https://redd.it/1d81jbk
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Self-custody isn't as complicated as people think
I mean people really seem to overestimate the difficulty of self-custody of you Bitcoin, I see lots of people relying on custodians and institutions to hold their coins for them when it's SO DAMN EASY TO JUST HOLD YOUR OWN PROPERITY SAFELY, Is it the technicalities? I mean for starters all you need is a computer, a piece of paper and a pen then you're good to go, you can increase security with more measures like cold wallets and multi-sig but you don't have to start with those from the get go.
https://redd.it/1d7xei8
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WTF 😳 for the love of God please buy some Sats!!!
https://redd.it/1d7xjlu
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Every Wednesday there is a hosted Bitcoin Core Pull Request Review Club on IRC. All welcome to join. Tomorrow's topic: Don't wipe indexes again when continuing a prior reindex (utxo db and indexes)
https://bitcoincore.reviews/30132
https://redd.it/1d7u9wx
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Slowly. Then Suddenly.
https://redd.it/1d9a2l3
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Political Support Soars for Bitcoin Mining: Cruz Leads Charge in Texas & Oklahoma Embraces Growth
Bitcoin mining receives substantial political backing as Senator Ted Cruz announces his entry into the sector, acquiring and launching three Bitcoin miners in Texas. Cruz's move underscores his ongoing support for Bitcoin mining, citing its role in securing the network and its adaptability during emergencies like extreme weather events. Additionally, Oklahoma lawmakers pass House Bill 1600, offering tax credits to digital asset mining operations and exempting commercial mining machinery from taxes, signaling the state's commitment to fostering growth in the industry. The bill's passage is expected to attract investments, optimize the state's electricity grid, and reduce power costs for residents, further solidifying the positive trajectory of Bitcoin mining within the political landscape.
https://redd.it/1d92dnq
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Saudi Arabia is going to be processing oil transactions outside of the US dollar for the first time in decades. Is Bitcoin on the table as a percentage of the substitutes?
https://redd.it/1d8yoqj
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Everyone should watch this short and boring interview on Bitcoin
https://www.fixthemoney.net/p/everyone-should-watch-this-short
https://redd.it/1d8pu3q
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3 years ago, President Nayib Bukele announced his plan for El Salvador to adopt Bitcoin as legal tender.
https://redd.it/1d8s7z5
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2 bedroom apartment in Asaka, Japan, listed for 3,500 Bitcoin in 2011. $70,000 then, $245 million today ✨
https://redd.it/1d8n39v
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Daily Discussion, June 05, 2024
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.
Please check the previous discussion thread for unanswered questions.
https://redd.it/1d8iyo6
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Bitcoin ETF went live in Australia yesterday. Bitcoin ETFs are sweeping the world!
I've been watching these ETFs pop up all over the world. Now that the USA has theirs, everyone follows suit. Big money is coming in. We have won.
Here's the News Article from Bitcoin Magazine
https://redd.it/1d8fous
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NEW: Private 🇺🇸 Texas institution University of Austin announces it will accept Bitcoin for tuition and create a Bitcoin long-term fund.
https://redd.it/1d87wi9
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This time is different…
https://redd.it/1d81gdp
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Monochrome launches Australia’s first spot Bitcoin ETF on June 4
https://dailycoin.com/australias-first-bitcoin-spot-etf-to-open-this-week/
https://redd.it/1d7uhyr
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How it feels hovering around $69,420
https://redd.it/1d7w9kt
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Thai SEC approves first Bitcoin fund
https://www.bangkokpost.com/business/investment/2804674/thai-sec-approves-first-bitcoin-etf
https://redd.it/1d7sx09
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