T O P

Daily Discussion, August 23, 2021

Daily Discussion, August 23, 2021

_pureguava

nice day to buy some btc


Goats_Papa

Hey guys what time is lift off? Woke up this morning and I was not on the moon.


Dramatic_Iron_4595

Does BTC flirting dangerously with the 1 trillion market cap make anyone high and excited ?


mattwes

Hopefully us Americans don’t paper hand it again tomorrow! Come on gents and ladies! Would you rather a few k profit a 50k profit ?


ganjaguy23

Booop


quietbutdifficult

Bitcoin Well get back I'm alright jack Keep your hands off of my-yy sats


bajakhana

Golden cross tomorrow. Predictions?


wastedyears8888

It's still at least 10 days away.. not tomorrow


Alfador8

Nothing will happen. Just like nothing happened at the death cross


[deleted]

[удалено]


cardboardboxcarracer

lol oh man I would buy that dip so hard


LordTender

Haha me too!! He's been a redditor for 3 months lol


SnooApples3306

He's on of these guys still waiting for his 20k limit order to fulfill 🤭


migbyo

When you check the price of bitcoin, how do you prefer to check it?


quietbutdifficult

Butt naked, as u/crispykfc would say.


crispykfc

i can neither confirm nor deny that i am butt naked as we speak


Tickles_and_giggles

This is the way


sve9mark

[bitcoinwisdom.io](https://bitcoinwisdom.io/)


SirVill

I like this cause numbers go brrrrr [https://trading.bitfinex.com/t?type=exchange](https://trading.bitfinex.com/t?type=exchange)


CaptainAntwat

Naked


Dont_Waver

Every minute


[deleted]

[удалено]


leesteapleton

Yep robinhood ui is unmatched. Can’t see the book but if I’m just checking the price 🤷‍♂️


cheese4brains

I like to have my supermodel girlfriend cut lines of cocaine in the shape of the current price on the hood of my Bentley.


phil-mahar

Lib Right wins again


Flippant_Robot

You and I would be great friends.


rockstargainz

Not the last chance to buy under 50k


Dildomuflin

What happened today?


quietbutdifficult

Not much. Played with the cats, had sausage with jasmine rice and steamed broccoli for lunch, took a very long walk.


Fuzzyfoot12345

mechanics supporting the bitcoin thesis we all decided made a good investment.


MiguelLancaster

pretty much nothing


[deleted]

[удалено]


EATYOFACE

Magic internet money, money for the free.


-Erasmus

2009


NeptuneLagoon

To me the most interesting part is that it somehow managed to naturally and organically distribute around the world on its own, and still is to this day. Never had an ICO, presale, DAO, “community fund”, or true figurehead.


LordTender

She's looking strong AF. 48.9 // 49 looks to be the new bottom and we go back up and above 50 from here


gainzsti

Great bounce


LordTender

Great bounce indeed!


leesteapleton

So if the Fed issues a cbdshitcoin, then bans all movement of their shitcoin to exchanges, what’s the move? (In the US) Not fud, genuinely curious. Is that the point you would have to use a vpn/tor and a non kyc exchange?


bogus83

A) Why would they do that B) Traditional banking will likely continue to exist. Just don't use the shitcoin.


MiguelLancaster

if they banned movement into an exchange, they'd be banning movement out of the exchange why would they want to do that?


leesteapleton

To stop people from moving their shitcoin into Bitcoin. People might be able to use it p2p for goods and services at grocery stores, but could this not limit ones ability to get more if they are not a producer?


MiguelLancaster

But don't they want to encourage people to use their shitcoin? Wouldn't they need to allow them to trade their bitcoin for the shitcoin?


leesteapleton

Not necessarily right? In my hypothetical situation, the economy still runs on the cbdc. People already have Bitcoin but the Fed can’t touch them. Everyone gets paid in cbdc. Nobody can convert their cbdc into bitcoins in the us unless using p2p, as it’s centrally banned from using an exchange. What’s the work around?


Crafty_Supermarket15

It’s going to take 30 yrs for something like this to happen according to people in the know. Fed coin is a pipe dream right now


leesteapleton

Well that just doesn’t seems like a realistic timeline. Not trying to be rude or anything but sending an email 30 years ago wasn’t really possible, now grandma can do that with a few taps on her tablet


brown_diesel

Lettuce hands making salad tonight with their Bitcoin. I had a cheeseburger, fries, and a beer for dinner. No lettuce. Cast iron stomach.


Fuzzyfoot12345

totally off topic, I bought a CBD and THC beverage, but I'm too scared to drink it because the last time I did edibles I tripped massive balls and it was a bad time lol. Now the drink just taunts me sitting in my cupboard. Anyone here have experience "drinking" pot? does it last as long as edibles or is it short lived like beer?


notnotjamesfranco

Just like an edible


Tater_Tot-

I’m guessing it will be similar strength to edibles which means it will be strong and last a while. Start small, you can always do a little more, but once you over do it you just gotta ride it out. Edit: how many milligrams total?


LordTender

It will be long lived like eating an edible


SellYourSatsToMe

Had a 10mg THC soda and it was great.


reddituser1234566789

I might buy a coin


LordTender

Don't tease yourself with a good time get on the damn train and buy it.


Hefty_Jicama

I sold my gold. The second I let it go I didn’t miss it. Time to buy some bitcoin. Buying and selling gold costs a lot of money. If you want jewelry it’s fine but if you want to invest in something long term bitcoin is the way to go


bajakhana

BTFD!


YesXplain

how low will we go until we destroy 50k


no-UR-Wrong23

It should be closer to 51k to celebrate the 50k level because this ALWAYS happens and always will


sledrunner31

Of course these dips happen before I get paid for the week. By Wednesday it will be back to pumping I'm sure.


_bulletproof_1999

Where dip?


sledrunner31

Exactly, it's already over


Stack_Johnson

Every time some corn gets shaken loose some of it finds its way into the hands of someone who will never sell it again


Hesoldpumpet

My cold storage 🧊 Once it enters I already consider it gone. 😎🔒


gford333

Good. Shake the paper hands looking for 50$ profits. The smart Bitcoin investor is holding until 2030+ to live a life of leisure and freedom.


dandiestweed

Also semantics - but it’s $50 not 50$. It helps to write structurally when trying to make a point. Also also, if you think it’s people taking $50 profits causing the minor retracement then bless your cotton socks. I hope this helps.


gford333

Wow your really triggered over a random comment on Reddit. You must be a classic swing trader who will die for the chance to secure 10$ in profits. Congrats and enjoy losing money in the long term.


dandiestweed

Not triggered. I’m just pointing out your gross misconception of a process you seem to struggle with. Every 4 years the charts do the same thing. I’ve been in the space 8 years... how much longer do I have to wait before I lose money?


gford333

The cycles are over… we have institutions buying Bitcoin, countries adopting Bitcoin as legal tender. Bitcoin isn’t a retail phenomenon anymore. It’s the future and will soon be integrated all over the world.


bogus83

Soon™


dandiestweed

Bahahahhahahahahhahahahahaha. Okay, tell me that again when December triggers the 80% correction. I told you so.


ProfessionalWelcome

Hahahahahha you're so salty! Get rekt.


dandiestweed

Is he really though? Kinda seems more smart to use profits to buy Bitcoin rather than your slave money. Just saying. Buy high, sell low... stack.


EDC86

Paper handed fucks have no shame.


Alfador8

Bitcoin don't care


dandiestweed

Taking profits while diamond hands cry cos they wants-it


rockstargainz

So true


hateschoolfml

To send #Bitcoin  from your River account, paste a Lightning invoice or on-chain address and River handles the rest. You can send up to 0.1 BTC using our Lightning channels. Enjoy Lightning and on-chain interoperability from the same interface. Just download the app. https://twitter.com/river/status/1429879148911206403?s=21


dandiestweed

Only .1 BTC at a time or on the daily? May as well ask for only 5cent pieces.


Tron_Passant

.1 BTC is like 5 grand


dandiestweed

Cool so I can only use it to buy trivial stuff?


NoScreenNamesLeft

@[email protected]#!!! Dont look at the 1-minute chart! AHHH


uni_tutor

This some bull shit


Stack_Johnson

Yeah I’m switching to the daily


One_2_Three

Monday night Bitcoin sale?


brown_diesel

Ok well it looks like I’ll be having another $50k “watch party” again tonight. One big green candle is all it will take. Guess I’ll get drunk 2 nights in a row!


WeedSexBeerPizza

WeedSexBeerPizza approves as well.


obi_wan_baracus

Do it. You deserve it. Bitcoin deserves it.


AppleSalty2916

Half of me is devo I've got no spare $$ to chuck in at the moment, as we've certainly got some momentum behind us. But the other half is glad I dropped as much as I could (probably over did it a little, in fact) in at $33k a month or so ago.


Jeremiah_Vicious

It would be sick if the NWO came back in WWE and they did a story line where they were fighting for the honor of Bitcoin and the McMahon’s were trying to push shitcoins and then in the end the NWO won a big match at Wrestle Mania and the McMahon’s had to allow merchandise to be purchased with Bitcoin on the Lightning Network. www.nwo4life.com


Webbie93

Takes on lack of on-chain activity? Maybe I’m being biased but I think as lightning takes off and hits critical mass, less transactions made up of high value transactions on-chain makes sense. Furthermore, if everyone is currently hodling then on-chain flows should be weak. Thoughts?


dandiestweed

Need some bigger rockets.


YesXplain

Anyone else bummed we lost 50k?


obi_wan_baracus

Each time you pass it it gets easier and grows in conviction. This actually is good for BTC


ajhimmler

No


[deleted]

4 days worth of comments from people saying "this is the last day under 50k you're warned" You'd think at some point people would just stop making predictions lmao


dandiestweed

lol ‘shorters get rekd’ Uhuh.


obi_wan_baracus

People will stop making those comments around the same time bears stop saying sub 20k… so never


guryfitze

Bitcoin gonna be an ogre. Will have layers.


[deleted]

[удалено]


The_Paul_Allen

Cmon broh…


WatchOutForShredder

About to dive into some tedious research on the matter but figured I'd start this bullshit filled adventure here first for the hell of it. Does anyone have some experience with Roth IRA's with regards to BTC investment? Situation being that my father is now interested in purchasing some BTC. He has a solid portfolio within a Roth IRA structured account through Wells Fargo, but is currently unable to come up with the liquid cash necessary to make the purchase without incurring taxable events & the various fees associated with these accounts. I am not fully informed about how all of this works yet, but ultimately I am wondering if there is a way to purchase BTC, preferably through a non-custodial route, using Roth IRA structured funds but without any early withdrawal fees or taxable events etc. Has anyone done this successfully or have any general insight regarding this? Cheers.


Legonitsyn

I looked into it a few months ago. IRA Financial seemed the best bet. Fixed annual fee (which can be paid outside the ira),and can trade directly on Gemini. Can hold keys or earn the 2% Gemini yield (which is great). There are some jokers in the industry so make sure to do your due diligence. I ended up sticking with a normal ira and buying micro strategy and bitfarm. GBTC is the value play this way though (can’t buy it on my platform atm).


bittabet

I thought about all the crazy options out there but ended up just buying GBTC. Somewhat unfortunately the last time I bought it was at a slightly premium whereas it's now at a discount, but I've actually traded it a little bit so I'm still doing better than just having held spot, and I had a lot more money to work with since my Roth IRA has more funds in it than my regular accounts. Hopefully someday we get a lower cost ETF to invest with our IRAs to avoid taxation lol.


MiguelLancaster

You can convert Roth IRA investments to cash at any time and you have 60 days to put them back into an IRA without penalty. You can do this once per year. If Wells Fargo doesn't offer GBTC, you can move funds to a broker that does. If you truly want self-custody, you will need to set up a 'Self-Directed IRA' -- there are fees involved in setting this up, but the above rule should still apply as far as moving funds into it is concerned


[deleted]

[удалено]


MiguelLancaster

There's at least more than one in-the-box solution for "Bitcoin IRA" if you were to google that, I'm sure. I cannot speak to their reputability or their fee structures, though. But a Self-Directed IRA literally lets you buy just about anything, even real estate I think. You'll avoid more fees just going with GBTC though.


Chalino_Sanchez777

Dads of the World unite with Bitcoin!


BitChick

We converted a Roth IRA into GBTC with Fidelity. Not sure if that's an option for your dad? It didn't create a taxable event since it's still a Roth IRA. Absolutely no regret doing this either. We are up almost 4x what we started with. I think it's still a great time to get in, even though it's trading a bit below market price. Rumors are once GBTC becomes an approved ETF then the price will rise in conjunction with the exchanges.


Hefty_Jicama

I know fidelity was one of the first ones to offer bitcoin so I would look into them. Also look at gbtc for an ira.


YesXplain

Not trying to sound like a bigot, but do women know anything about Crypto or investing in general?


Metal-Head24

Are you serious Clark?


NeptuneLagoon

I'm sure many women are knowledgeable when it comes to cryptocurrencies. They're probably smart enough to know blabbing about it all day like us idiots on the internet isn't going to get them anywhere.


The_Paul_Allen

@marenaltman


The_Paul_Allen

Cathy Woods, Ark, god teir investor


bittabet

Well, FWIW [female hedge fund portfolio managers actually outperform their male peers](https://www.forbes.com/sites/jacobwolinsky/2021/07/31/female-hedge-fund-managers-get-boost-from-are-less-confident-which-may-boost-returns/), but there are fewer female fund managers, so you might just be seeing like the very best of female investors versus a broader pool of less good male investors. And the reason they outperform is that they HODL longer, so I would actually think that females who do invest in crypto might actually outperform males who invest in crypto. Except fewer women invest in crypto to begin with.


Dotsmantooth

First, *bigot Second, why wouldn’t women know about Crypto or investing? Why would you even ask this question?


doobur

I mean, this is of course anecdotal but I'd say 4 of every 10 of my guy friends own or are knowledgeable of crypto while probably 1 in 20 of my female friends are. Absolutely anecdotal and in no way represents the general population. I think it might have to do with the general cultural lack of interest (which I would impact the lack of representation) in the tech or financial fields Not saying it to generalize or anything I just think it's probably due to a long standing, but changing, cultural dichotomy between men and women. Plus there's a lot of studies that, whether culturally or due to the average hormonal differences between what we define as "man" and "woman", indicate women tend to be more risk averse than men. And the general perception is that bitcoin is an extremely risky investment.


Dotsmantooth

Here’s another perspective to consider: 1. Studies have also shown that women are just as willing as men to take risks when the stereotypically male conventions of risk are replaced with those that women would be more likely to consider. Example: instead of measuring how risk averse women are by their willingness to ride a motorcycle without a helmet, measure by how willing they are to make a risky purchase online. When biases are addressed, women and men are often found equally willing to take/avoid risk. 2. Consider that women may not have a lack of interest in tech or finance; rather, they may not want to expend the effort to break into the boys’ club or deal with the trenchant sexism found in those spaces. Women have been long excluded from these spaces; we need men to stop asking things like, “why aren’t they interested?” and instead ask, “what can I do to show women this is a place for them too?”


doobur

I don't necessarily disagree with this, but you did give a reason why women may not gravitate toward bitcoin So whether you blame it on personal interest or male gatekeeping, it's still a reason as to why we see less women in the space - which might lend to OP's observation The more the merrier too. I just don't like to think of women being disinterested in a particular field is an absolute direct result of a malicious coordinated "boys club" effort. Nor do I think that because of a generalized statistic that an individual who happens to be female would fall into the average of the category. And I certainly wouldn't like to make a generalization towards them by thinking that I, because I'm a man, need to show a woman, because she's a woman, that crypto likes women too. I'm a big proponent of treating others as I'd like to be treated, and I'd personally dislike being handled with kid gloves because I fall into a demographic that is underrepresented in a given field. I'm sure this sounds a bit verbose, just trying to accurately summarize the point of view. I really dislike the idea that someone could be misconstrued as a "bigot" for asking a legitimate question just because it reads as ignorant without elaboration.


Film2021

Women are typically more risk-averse than men. Short answer: generally, no.


dikgumdur

Caitlin Long. I mean, the list is pretty short. But I have to say that the latest Caitlin Long interview with George Gammon was one of the most informative Bitcoin videos I've ever seen, and I'm into the low hundreds for videos watched/podcasts listened to. https://youtu.be/Nu04oDtbc8M


SellYourSatsToMe

Most Starbucks customers seem to be women, so NO.


SirVill

Man you did a good job without even trying, nice work. Cathie Wood might know a little


YesXplain

Thanks!


SellYourSatsToMe

Triggered


mattwes

Right !


EffectiveCoin

Sure what would you like to know? I have lots of women friends who own bitcoin and other investments (myself included of course)


YesXplain

To be clear, I'm not saying women are idiots. They just seem disinterested in general.


EffectiveCoin

I never implied that.. I was just answering your question. Yes, women are in the crypto/investing space, AMA


Lawncareguy85

Not much in general. They are not interested as a group. However once it becomes more established, easier to use, and the benefits clear they will start showing up. In the beginning risky experimental stages when it's mostly "computer nerds with their crazy ideas" women are rarely involved.


_bulletproof_1999

Yeah plenty. Lots of good ones on Twitter. https://twitter.com/rafaela_rigo_?s=21


dikgumdur

C'mon man


TerpOnaut

Fuck I’m late .


Hello_there_friendo

Better late than never


destinationexmo

lol if you think that.


Mintleaf89

I mean, he is late as fuck. once btc his 100k the amount of new whole coiners every year will be basically zero.


TerpOnaut

Ya I mean I was watching it when it was 3k a coin and then when I was 13 I knew about btc just didn’t care to dabble in that realm .


Mintleaf89

i mean 13 y/o dont have any money anyway. I wish btc was out when I was 13.


TerpOnaut

Fair , I always had some cash here and there though


Ghostserpent

I think 60k is the price target where everyone will agree that the bull market isn’t over


Stack_Johnson

Nah that will probably be about 300,000. Then once everybody agrees - there will be no more people left to buy.


dikgumdur

I can definitely buy plenty of people with my Bitcoin


the-derpetologist

Any reason for all the almost empty blocks being mined so rapidly in the last few minutes or is it just random noise? Seven blocks were just mined in the space of 13 minutes, from 697272 to 697278.


destinationexmo

Just RNG doing its thing. If you look at like the last 100 block times you will probably see at least one that took over an hour which is RNG doing its thing the opposite direction hence the emphasis that the block time is an AVG


uni_tutor

Anyone else relieved that Elon decided to shut the fuck up about Bitcoin on Twitter?


Mintleaf89

um no? he was pumping the fuck out of it. why would we want him to stop.


theghostofdeno

Isn’t he still “pumping” it by hodling almost all of what he bought? His words are often inane and of an almost drunken character, so they often cause strife, but his actions speak loudly


Mintleaf89

who cares if he has drunken rants, He's a fucking chad. Are you mad because he's rich or something?


Lawncareguy85

Yes thank God although I feel like hes just lying in wait to strike.


MiguelLancaster

if you don't follow him it's like he's always shut the fuck up who cares?


uni_tutor

The media picks up anything he tweets about.


Hefty_Jicama

Since anonymous called him out it seems


obi_wan_baracus

I thought that was proven fake


Makonnen91

Is 1.12 BTC a lot


bogus83

As compared to three dozen Satoshis? Yes. As compared to 20,000 BTC? No. This question is like saying "is an inch of string a lot?"


brown_diesel

Consider a whole Bitcoin as a denominator of $1M USD fiat in the next 7-8 years. Probably by 2028 halving. So yeah it’s “a lot”. But at the same time $1M won’t go as far 7 years from now.


GrindingGearNerfs

I think it's quite far from a lot but it's a very fair amount


_bulletproof_1999

If you have a whole Bitcoin, you’re doing damn good mate.


1tex

He doesn't. Anyone with one Bitcoin wouldn't ask such a dumb question.


Makonnen91

Lol


Whatever3999086543

Why?


MiguelLancaster

it's more than 21 hundred-millionths of the total supply


chaseg22

Yes