Bitcoin For Beginners

The post is absolutely ridiculous, but surprisingly, it appears someone has recently doctored it to read as if OP themselves returned to edit the post, despite their account being deleted years ago. "I told you so,” TSLAinsider wrote on Monday after the Tesla news on bitcoin. Key to a currency of daily use is privacy, along with fungibility and ease of use. Privacy is what Pirate Chain is best at amongst all the digital currency options in crypto . Pirate Chain is the closest digital iteration of cash and is the best form of digital currency available to date . Bitcoin’s best value proposition is its scarcity and perceived demand. However, these are the same characteristics that have turned it into another tool of Wall Street as a commodity. In 2020, we heard about the multitude of Wall Street institutions jumping on the bandwagon. Within a six month period, commonly recognized names such Square, Paypal, Mass Mutual and most recently Tesla/Elon Musk announced their BTC purchases. These public pronouncements only serve one purpose, to induce fomo and more buying so as to keep driving up the price.

The user’s original post stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. But it received a second look Wednesday, a day after the electric carmaker and its CEO Elon Musk disclosed a $1.5 billion investment in the cryptocurrency that sent bitcoin to fresh highs. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” a user with the handle TSLAinsider posted in the bitcoin subreddit early last month. The user’s original post here stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. "I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. A Reddit user claiming beaxy crypto exchange to be a software developer at Tesla posted that the company had bought bitcoin more than a month before Tesla CEO Elon Musk formally announced it. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, asreported by Reuters. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, as reported by Reuters. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month.

Tesla’s record-breaking bitcoin purchase stunned the markets earlier this week, causing the price of bitcoin to spike to a new high of over $48,000 per coin. Predicting a purchase of this size would require amazing foresight or insider knowledge, something which Reddit users were keen to figure out following a now-removed post from Jan. 2 by a user known only as Tslainsider. As bitcoin and cryptocurrency prices spiked in 2017, bitcoin mentions across Reddit kept pace, data collected by analysts at cryptocurrency data platform ChartStar this week revealed. Tesla said in its annual report published Monday that the decision to move nearly 8% of its reserves into bitcoin was part of its broad investment policy as a company aimed at diversifying and maximizing its returns on cash, including holding gold. Moderators in r/TSLA, a subreddit dedicated to posts on the electric carmaker’s technology and stock price, previously appeared to remove the post here.

Given what started as a prank escalated into a story that captured the attention of international news outlets such as Reuters and Bloomberg, Hendrik may have feared legal ramifications if his “trollpost” escalated further. social media analysis could be used to predict the price of smaller cryptocurrencies. The last two years have seen global financial institutions from JP Morgan to Goldman Sachs buy into bitcoin, cryptocurrencies and blockchain technology. Once thought of as an alternative piece of financial technology, overheard bitcoin-related coffee shop chats are now more likely to involve startup CEOs and finance executives than grassroots libertarians and economic revolutionaries. Bitcoin’s subsequent sell-off throughout 2018 saw bitcoin mentions fall along with the price. I write about how bitcoin, crypto and blockchain can change the world.

Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, appeared to remove the post. A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. Meanwhile, some smaller Reddit cryptocurrency communities continue to closely reflect their respective digital token prices—and Gilbert reckons analysis of these could be used to predict the price of, for example, ethereum and litecoin. But bitcoin discussion on Reddit is bigger than r/bitcoin. There are dedicated subreddits for most major cryptocurrencies as well as broader forums like r/cryptocurrencies—all of which regularly discuss bitcoin and the bitcoin price. Reddit was once very important to bitcoin and the cryptocurrency community—but now that no longer seems to be the case.

To Bitboy Crypto And Related Youtube Clickbaiters: F*ck You For Toying With Crypto Beginners To Make A Quick Buck

And since I am interacting with people in various crypto chats, and see how most of them think Bitcoin Cash is a cheap copy, many are ignorant and don’t know the details of blocksize debate, many hate Bitcoin Cash. In my recent post about me finally understanding why some people were telling Bitcoin Cash is the real Bitcoin I was accused that I was supporting Bitcoin Cash for many years, and I am posting this to get more upvotes. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. The moderator then concluded by highlighting that there are “more exciting things happening in Bitcoin” than a six-year-old post that had recently been edited. bitcoin auto trading The moderator then went on to explain that there could be a number of reasons for the current status of OP’s account. r/Bitcoin subreddit, and such site-wide actions can only be performed by reddit site administrators,” they added. Bitcoin Citadels have evolved into a permanent part of the Bitcoin vernacular; a meme to help imagine what life would be like post-hyperbitcoinization. In 2013,a Reddit user appeared to present a bleak outlook of the year 2025, where rampant inequality and parabolic Bitcoin value has pushed the world to the brink of collapse. Rsk is the most secure smart contract network in the world and enables decentralized applications secured by the Bitcoin Network to empower people and improve the quality of life of millions.

reddit btc

Now I look at all these videos and feel intense scorn for them. Especially bitboy crypto, who is making wild fucking claims like "btc drop to 17k”, "cheapest altcoins to make you rich”, "insane breakout to $300k”. Thank god everyone in this sub says no one knows anything, I immediately got the message and massive FUD came in. News articles that do not contain the word "Bitcoin” are usually off-topic. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.

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This was three years before bitcoin was thrust into the global limelight by its epic 2017 bull run that saw the bitcoin price soar from under $1,000 in January to around $20,000 by December—making it easily the decade’s best investment. Back in 2014, at a bitcoin and cryptocurrency conference I attended in Dublin, Reddit’s r/bitcoin forum was mentioned many times on stage and even more by the audience. “I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open cryptocurrency discussion. Today, r/btc users can discuss any cryptocurrency topic without fear of moderator retaliation, while r/Bitcoin and r/CryptoCurrency are both still heavily censored. “It should be noted that there is no indication whatsoever that any ‘time travel’ is involved, and that the original unedited post was held in high regard solely as an imaginative piece of fan-fiction. It is also unclear whether the original thread was intended to be an ominous warning about Bitcoin as the edit portrays, or if the account holder’s motive and outlook shifted since 2013. It also seems unlikely that one could contact the account holder directly since there is no way to send them a private message,” they noted.

The r/bitcoin subreddit, created in 2010, now boasts almost 1.3 million subscribers—more than double it had at the peak of bitcoin’s 2017 bull run. "Nothing bolsters my faith in a currency like a crappy MS Paint doodle,” one Reddit user said of the ad when it was created. The ad was made by another still-somewhat-active Reddit user going by the name mavensbot. The funds will be allocated towards developing Lolli’s mobile application, scaling to support a growing user base, and international expansion. The user told the New York Post late on Tuesday that he is in fact a prankster from Germany. Reuters reddit btc could not independently verify the user’s identity or whether his initial or subsequent claims were accurate. After waiting for things to be confirmed today I tried opening the app to find that I had been logged out. Our new 0.3 release brings big quality of life improvements, including fully featured keyboard navigation, improved hotkeys, a depth chart module, a clock module, longer-lasting user sessions, new config options and more. Last October we released our new native application Cryptowatch Desktop, a response to the bloated, CPU-intensive web applications crypto traders are stuck with today.

Bitcoin For Beginners

Everyone who buys BTC on Robinhood is giving them data that enables them to further manipulate the market – in addition to funding the negative media that just started coming out of nowhere recently. Think of the timing of all this bad press, it basically started the day that everyday people started receiving their stimulus checks. I have seen few comments in reddit btc Bitcoin Core GitHub repository, Lot of reddit posts but lot of things missing. Moons reward posters, commenters, and moderators for their contributions to the subreddit. They are distributed monthly and used to weight your vote on polls. I know this sub has been talking about this a ton, a few top page posts saying what an unreliable source these guys are.

Similar call for regulations were issued from Christine Lagarde of the European Central Bank and Janet Yellen, Secretary of the U.S. Regulations will likely outlaw any private usage of BTC. This will inevitably create an environment of colored coins, effectively splitting BTC into a class system of "white-listed” vs. "colored” bitcoins. Well, you will only be able to use it outside of countries https://forexarticles.net/beaxy-crypto-exchange/ that ban unregistered addresses. Alex Gladstein, a champion of human rights and Bitcoin maximalist, laid out his thesis on the NLW podcast . Unfortunately, it is inevitable that Bitcoin becomes a speculative tool of Wall Street, in a two class system of registered and unregistered Bitcoin addresses. Bitcoin will also always retain its transparency that is required for its immutability.

“However, depending on the technique that Reddit admins used to disable the account, the account holder is not prevented from editing previously posted threads and comments,” said the moderator. “The post was originally made on August 31st, 2013 and was edited by the original account on October 27th, 2019,” they said. The moral of the original post was to implore the reader to reconsider their investment, as widespread Bitcoin adoption is to supposedly ruin the world beyond repair. This trend would eventually lead a single Bitcoin to be worth $1 million by 2021. From then, there will be apparently no good way to express Bitcoin‘s value in dollars, as the dollar is no longer used. In this version of the future, “land and cryptocurrency” will be the only relevant assets of value left.

Privacy is an immensely critical feature of everyday money. Credit cards provide a modicum of pseudonymity from the public imparted by the the credit card company. Some BTC developers are trying to build a second layer on top of Bitcoin that provides optional privacy as a patch. However, we already know that optional privacy is no privacy at all.

You Can Now Purchase A Tesla With Bitcoin

Michael Saylor of Microstrategy is probably one of the loudest evangelists in this space. Notably, Michael favors government regulation and is also one of the first to denounce the privacy and censorship resistance aspects of BTC . Oct 30th update he delivered $4,000 and now that money is in a whaleclub account 5–1 ethereum trade at 300. I also thought it would be fun to buy a call option for about 10 coins with a strike price of $2,000 in one year. If it goes to $5,000 I make decent money if not my losses are capped.

It also didn’t quite line up with Tesla’s Monday regulatory filing, which said the company bought Bitcoin after changing its investment policy in January. The purchases spanning 72 hours would have had to start during the final days of December if TSLAinsider’s timeline were accurate. His initial post — which at first got no comments from other users on Reddit’s Bitcoin-focused forum — was dubious enough that moderators of the message board dedicated to Tesla stock removed it, according to Hendrik. Hendrik provided The Post with a screenshot showing himself logged into the TSLAinsider Reddit account, which triumphantly posted “I TOLD YOU SO” after Tesla’s market-moving Monday announcement. GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of "meme stocks” looks to take advantage of a more-than-800% surge in its stock price since January. GameStop commented on the potential share offering in a regulatory filing for fourth-quarter earnings which showed a return to profitability, with 175% growth in e-commerce sales. Grapevine, Texas-based GameStop’s shares have skyrocketed this year as retail traders bet against Wall Street hedge funds that had shorted the stock. Contrary to what people might say, there’s nothing wrong with putting stimulus money into the stock market — if it’s the right financial decision for you.

Wall Street does not like the privacy aspect because it generates revenue based on asset flow. It matters more to Wall Street that $100 billion worth of transactions are conducted in BTC valued at $10k, than $1 million worth of transactions valued at $100k. Institutions earn their keep not by hodling, but by making money as the middleman. Dec 5th Update, whaleclub is a scam and they stole $20,000.

Global Chip Shortage Chokes Chinas Bitcoin Mining Sector

Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure, with some even joking that Musk might have written it himself. The investment bank responds to complaints of a long-hours culture, while rival Citi starts Zoom-free Fridays. Private sector PMIs, Eurozone consumer confidence, and COVID-19 news in focus in the day ahead. Intel CEO Pat Gelsinger offers an update tone on the company’s relationship with Apple. Goldman Sachs and other investment banks have pledged to ease up on junior bankers before. President Joe automated trading Biden’s $1.9 American Rescue Plan will certainly give the economy a jolt, but he may regret not spending the money differently. In 2020, COVID spending raised the federal deficit to $3.1 trillion in 2020 from $1 trillion in 2019. Treasury Secretary Janet Yellen last week said last week that financial market regulators needed to take stock of the frenzy surrounding GameStop and other stocks before taking any action, according to Reuters. Hendrik went on to praise Musk for “getting Tesla into the bitcoin game” in the rest of the interview.

Follow our special coverage of Coronavirus pandemic in India and get news updates from around the world. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure. "Thanks for the heads up Elon,” noted one poster, Valoured, on Tuesday. Reuters could not independently verify the user’s identity or whether his initial or subsequent claims were accurate. Create your free account to unlock your custom reading experience. We have already seen that governments will never condone private currencies that they cannot control. Securities and Exchange Commission regulations sparked outrage from privacy concerned groups .

  • Follow our special coverage of Coronavirus pandemic in India and get news updates from around the world.
  • They are distributed monthly and used to weight your vote on polls.
  • Now, the bitcoin wizard can’t be found anywhere on the bitcoin subreddit.
  • Privacy is what Pirate Chain is best at amongst all the digital currency options in crypto .
  • In 2013,a Reddit user appeared to present a bleak outlook of the year 2025, where rampant inequality and parabolic Bitcoin value has pushed the world to the brink of collapse.
  • “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, as reported by Reuters.

— Still using coinbase though, and giving money to founders. I have a coinbase account that I am reasonably happy with, but for various reasons related to BTC itself and specific to coinbase, I found it difficult to “trade a position”. I also wanted a bit of leverage, nothing crazy but I wanted to risk all of the capital for a 5x return rather than try and make 20%. Hendrik said he’s not otherwise active on Reddit but he decided to pull a prank on the site because “everyone goes to Reddit to troll people.” He is, however, an active Bitcoin investor and has been since he was a teenager, he says. Civil insider trading cases typically hold tippers to a standard of benefitting from the sharing of information. That may put the Reddit users in a rare and relatively untested legal area of criminal but not civil liability, Wolfe said. US Treasury Secretary Janet Yellen last week vowed to protect investors but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action.

I’m just getting started in crypto and have seen many posts encouraging me to DYOR. This makes sense as it’s the approach you’d take with any investment but there seem to be few trustworthy bitcoin/crypto news sources. Most of what I’ve found is widely speculative or just plain cheerleading. I know folks in this space tend to be skeptical of mainstream sources but it’s hard to make informed decisions without quality, fact-checked information – the type most investors base their decisions off of. A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. The post looked like such a prescient prediction of Tesla’s bitcoin investment that financial crypto trading news outlets including Reuters and Bloomberg picked it up this week. Not long after the surprise announcement, attention turned to a Jan. 2 post from a Reddit user named “TSLAinsider” who had claimed to have a hot tip about Tesla’s move into the cryptocurrency market. Tesla stunned Wall Street on Monday when it revealed it had acquired $1.5 billion in bitcoin to “further diversify and maximize returns” for the cash on its balance sheet. Tesla said it also plans to start accepting the cryptocurrency as a payment option for its electric cars. As the post was focused on bitcoin, the tipper may benefit from a grey area in oversight and enforcement, as the US Securities and Exchange Commission does not treat the cryptocurrency as a security, one expert said.