I don't have a crystal ball. Be aware that Twitter, etc. As such, it is more resistant to wild inflation and corrupt banks. There’s been a lot of fud surrounding Bitcoin ( BTC) and its “energy guzzling... Bitcoin And Its Energy Guzzling Network. According to Max Keiser, Biden’s weakness versus China is set to drop the dollar value, a move that should send Bitcoin to the moon sort of speak. This whole episode shows how destabilized the economy and traditional securities markets are right now. Do not use URL shortening services: always submit the real link. Honestly not trying to scam. The funds already donated will be spent on some sort of advertising, as intended. [â]Rube777redditor for 7 weeks 1 point2 points3 points 1 month ago (0 children). Or any of the other big platform? Bitcoin is also worth buying for those of us who need to make international transfers and don’t want to pay outrageous fees or wait a long time. 1 year ago. Bitcoin Magazine. My guess is this is actually good for BTC long-term. [â]PuzzleheadedAd2106 5 points6 points7 points 1 month ago (0 children), [â]AllInToWinBitcoinredditor for 3 months 8 points9 points10 points 1 month ago (1 child), stocks need decentralized exchange which cannot be shut down, crypto is the answer, good times ahead whatever useful crypto you like the most ... BTC will always be the gold of crypto so it will rise all together :), [â]runescaperulesok 2 points3 points4 points 1 month ago (2 children), [â]Readous 2 points3 points4 points 1 month ago (1 child), Bought my first .03 Btc today lol. Another example: you may regularly read articles criticizing the amount of energy bitcoin mining consumes. Money Reimagined: This Isn’t Good for Bitcoin No, blockchain does not fix this. How can that be good? It's centralized control of a trading market based on a fiat currency supported by debt. They created more dollars out of thin air than the total value of the bitcoin market. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. With Bitcoin, you can be your own bank. Expect Bitcoin well above $28k by … Run bitcoin miners which are hungry for that energy and earn bitcoins in return. The French government is going to sell $34.5M worth of Bitcoin seized in 2019. There’s another research firm Crypto Integrity that puts the number at 88% illegitimate, and another researcher TIE puts the number at 75%. Student debt weighs heavily on Millennials in the United States. Stimulus bill: $1,900,000,000,000. The article goes on to say how the market is "awash in [natural gas], to the point where some North American producers are paying people to take it away. 0X00390A79C6ED2C0DAE113AB05DD83D2B6D4E6953. [â]Marcion_Sinope 11 points12 points13 points 1 month ago (0 children), [â]imrlyslshbrd 9 points10 points11 points 1 month ago (2 children). This is good for bitcoin. News articles that do not contain the word "Bitcoin" are usually off-topic. Well neither is their bullshit, let's stay true to our culture. By now you’ve probably heard of the new “it” thing on the Internet: bitcoins. With bitcoin there’s another solution. When they hit that limit, they often shut down the well. The $1,200 stimulus check, given to American's last April, would now be worth $10,200 if used to buy bitcoin, If Bitcoin is going to be mainstream, we need to move on from "not your keys, not your coins.". Is this a bad thing or a good thing? This means that hash rate is a good indicator of the Bitcoin network’s health. Bitcoin’s price didn’t respond immediately, but the next decade looks bright for the digital currency and uncertain for the dollar. Also the fact that this was for an ETF proposal to the SEC (in a long line of ETF submissions) should be recognized as something positive. Software needed for this BitCoin … The rationales might include: this will flush out the "weak hands", this will bring better exchanges and teach people to not hold crypto on an exchange, this will force the west to take an opposing stance. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. Is anyone working on a decentralized exchange - one that isn't tied to a country and can't be shut down by regulators? Kristin Smith, executive director of the Blockchain Association, a trade group of industry leaders ‘advocating for the innovation and collaboration to support the industry,’ seems to think so. use the following search parameters to narrow your results: Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. First and foremost, WSB, for years, has been anti crypto and especially anti bitcoin. This is according to a report by Bitwise Asset Management, in its submission to the SEC for an ETF, that says it won’t be susceptible to fraud and manipulation, because Bitwise will only reference the 5% of trading that's legitimate. You can't shut down restrict a decentralized market. If this is not for you, then there are other ways to be a part of the ecosystem. What Are Bitcoins Good For? Even faster if people like Elon and Chamath tell them so. Get an ad-free experience with special benefits, and directly support Reddit. You buy at $2x,000, bitcoin falls 20%, you sell in terror, it bounces, you weep with sorrow and frustration as it heads up, but your money is gone and … Bitcoin and almost all tech is not good for environment. But we're not really in the phase of the bitcoin evolution right now. Share. This is not good for bitcoin. What the Fed Is Doing. - WSB losing: people will go ham due to the short sellers or Robinhood being bailed out, but BTC will be bought because a bail that huge would devalue fiat. The Apocalyptic Environmentalist Fudsters. If you believe banks offer slow and outdated money transfer services -- like I do --, then Bitcoin is a good investment. The Three Major Governments That Hold Millions In Bitcoin - Duration: 11:57. REDDIT and the ALIEN Logo are registered trademarks of reddit inc. π Rendered by PID 11179 on r2-app-0dda690a80d0ea045 at 2021-03-12 19:21:17.100686+00:00 running 1ebdfbe country code: SG. [â]Ienjoytoreadit[S] 0 points1 point2 points 1 month ago (8 children). [â]Ienjoytoreadit[S] 1 point2 points3 points 1 month ago (6 children). Keiser said: A Biden win will lock China’s global supremacy, crash the US dollar, send Bitcoin to $400,000. March 31, 2020. [â]Itriednoinetimes 0 points1 point2 points 1 month ago (0 children). Well, in another article this past weekend in The Wall St. Journal, "Bitcoin, Powered by Cheap Gas", it describes mining as "a perfect marriage between supply and demand," with "power [coming] from natural gas with nowhere to go". The CSS used by this subreddit is the Erdune Theme modified by /u/Annihilia and /u/konkedas. People can use bitcoin right now to buy goods and services, without any exchanges involved. They'll short squeeze themself into oblivion, [â]maximus2183 8 points9 points10 points 1 month ago (0 children). People have been knocking around the idea of taking loans out against it, sort of like how people do that with stocks. [â]angrydanmarin -1 points0 points1 point 1 month ago (1 child), [â]TheMoonMoth 1 point2 points3 points 1 month ago (0 children). **The minimum is calculated from the total network hashrate, assuming the only machine used in the network is Bitmain’s Antminer S9 (drawing 1,500 watts each). Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. New model of the asic for bitcoin mining. - WSB winning: people will see how rigged the market was and probably a lot of them will buy/invest in BTC for ideological reasons. [â]Brilliant_Kiwi1793redditor for 3 months 0 points1 point2 points 1 month ago (0 children). And some even ban you permanently. Our two cultures could not be more different. Cryptocurrency bitcoin There’s a meme in the bitcoin world that goes "this is good for bitcoin". When is RSI good for Bitcoin? Logo design by /u/Annihilia. Antminer U3 is quite a good BitCoin miner especially for learning purposes. © 2021 reddit inc. All rights reserved. Therefore if any powers at be mess with the exchange, it will not effect you. This negative sentiment is what sent bitcoin into a downward spiral. Coronavirus “is good for bitcoin” Why a mass global pandemic is just the means to a better end if you’re a cryptocurrency investor. This is good for Bitcoin Restriction of a free market trading will be good for Bitcoin short term. With or without Bitcoin, we are still moving the same path if we don't switch to sustainable energy sources fast enough. You can also use Bitcoin Core as a very secure Bitcoin wallet. "This Is Good For Bitcoin" is a catchphrase used online to describe how issues with and risks in the cryptocurrency Bitcoinare a strength. As Bitcoin became more popular, the phrase has been used sarcastic, applying the expression to any negative event, whether or not it is related to bitcoin. You don't use an exchange to buy goods and services - that's not what they do. Trading Bitcoin is riskier than holding it if you lack good knowledge of fundamental and technical analysis. The first-ever Bitcoin post on Reddit got downvoted. 0. What I'm saying is, your points are moot. [+]nosteponsnekbrahredditor for 6 weeks comment score below threshold-6 points-5 points-4 points 1 month ago (1 child). For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. Oil producers are setting up shipping containers packed with mining rigs next to their wells. This digital-native generation faces $1.5 trillion in student debt, rising from 3.5% of gross domestic product in 2006 to 7.5% of gross domestic product in 2016. I remember when Terry & Kim Pegula bought the Buffalo Bills for $1.4 billion, or when Disney bought Star Wars for $4 billion. It is the old joke about the man who jumps from the Empire State Building, and on passing the 80th floor on the way down says, "Well, so far, so good." Perhaps RSI will be a good tool during this period. Worst case scenario several countries try to shut down exchanges, it would be opportunity for a small nation state to keep them. Their logic was BTC is not relevant. Payment is accepted only in Bitcoin Cash. Check out his other work here. But it's a deflationary currency, so as it rises in value you can take more loans pay the originals and continue. The article says most volume is "questionable" and over a 4 day period in March only $273 million was legitimate. You can sell bitcoin on a cryptocurrency exchange like Coinbase or Kraken. Innovations like the Lightning network will help this. Just six years ago, it was only worth about 21 days of the same work. Enterprise adoption is ONLY good for the massively scaling original Bitcoin BSV ecosystem. Yeah I had the same thought. The Chainlink against Bitcoin chart as also been very parabolic, even more parabolic than the Chainlink against the U.S Dollars pair. This is because $100,000,000,000 in global managed funds will start allocating into Bitcoin to escape.