/r/Bitcoin

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A community dedicated to Bitcoin, *the currency of the Internet*. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.Bitcoin - The Currency of the Internet
Updated: 17 min 2 sec ago

I'm not selling

2 hours 24 min ago

Buy on the dip

2 hours 33 min ago

Suggest all those that have been waiting for one do so now

submitted by /u/libebnocof
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Are miners just circlejerking to artificially keep tx fees high?

5 hours 1 min ago

Is that possible? Let's say 5 big mining pools come together to spam high tx fees transfers to each other, they'll lose on the transactions processed by other pools but they will drive the average tx fee up to an insane degree, which will actually make them much more money than they lose on the circlejerk expenses?

Is this a loophole that is being exploited right now? Is a large part of the current transfers just repeating transfers with ridiculous fees between giants to make everyone else pay more?

submitted by /u/KingKnee
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Bitcoin: the revenge of the millenials

7 hours 11 min ago

Our generation is getting the shaft. We are prospected to be the generation that is going to be worst off than their parents. The system is tuned for a generation that is not us. So how do we change it around?

Bitcoin. It's anti-establishment. It will disrupt the few who have gamed the system.

Let's devalue the horde of wealth they sit on.

submitted by /u/Gryioup
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Nobody cares you bought/cashed out (please sticky)

7 hours 33 min ago

So many posts "I got 0.01" "I'm cashing out 30%, you should too"

This forum is good for: - news - memes - Q&A - crazy stories

Lots of people are buying/selling... we get it! Some people want 1% bitcoin/networth, some want 99%. We're all big boys, please resist the urge to convince others your strategy is the right one. Some people will be smart/lucky, others will be foolish/rekt. Nobody knows the future.

Thanks for listening. Now... more memes please.

submitted by /u/stevev916
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IMPORTANT: Now that net neutrality is gone, why dont we as a community make our own ISP?

8 hours 27 min ago

If a single person like the pineapple fund can donate that much to charities ($93million), we as a community can raise enough money to make our own ISP (a net neutral one).

Only if someone like Andreas is in charge of funds and is on the board of decisions

submitted by /u/IshidaT
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/r/bitcoin saved a 14 year old crypto-starter from losing alot of potential profit. fuck /r/btc for almost persuading me to switch to bcash

10 hours 26 min ago

on the 5th november 2017 my 14 year old self invested around 400 gbp in bitcoin, sadly on the 11th nov 2017 - btc took another hit and fell but we came back even stronger; like a boomerang. my initial investment was 638$ since it had lowered. luckily thanks to this amazing subreddit, JUST before i was about to submit an order on bittrex for btc to bcash, a ton of users persuaded me with posts they'd made. right now - i check that investment, its worth a whopping 2.2k USD

submitted by /u/ColbyXOXO
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Community. We need to upvote this post so no one else loses money!

10 hours 32 min ago

This is a seriously important topic everyone is ignoring. Copay / Bitpay wallet has been having problems with their servers. In long story short. TONS of transactions have just gone missing from users across the world. If you go onto the copay help and support forum, there's tons of new topics of people losing funds or them being in limbo in copays system. I have lost over 3k and support is ignoring everyone's tickets... How is no one talking about this ?

TO BE CLEAR : COPAY IS USED AS AN INTERMEDIARY BEFORE IT IS SENT TO COLD STORAGE.

submitted by /u/crypt0hustle
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40 Years of Stanford Research Found That People who HODL Are More Likely to Succeed

12 hours 30 min ago

In the 1960s, a Stanford professor named Walter Mischel began conducting a series of important psychological studies.

During his experiments, Mischel and his team tested hundreds of children — most of them around the ages of 4 and 5 years old — and revealed what is now believed to be one of the most important characteristics for success in health, work and life.

Let’s talk about what happened and, more importantly, how you can use it.

The Marshmallow Experiment

The experiment began by bringing each child into a private room, sitting them down in a chair, and placing a marshmallow on the table in front of them.

At this point, the researcher offered a deal to the child.

The researcher told the child that he was going to leave the room and that if the child did not eat the marshmallow while he was away, then they would be rewarded with a second marshmallow. However, if the child decided to eat the first one before the researcher came back, then they would not get a second marshmallow.

So the choice was simple: one treat right now or two treats later.

The researcher left the room for 15 minutes.

As you can imagine, the footage of the children waiting alone in the room was rather entertaining. Some kids jumped up and ate the first marshmallow as soon as the researcher closed the door. Others wiggled and bounced and scooted in their chairs as they tried to restrain themselves, but eventually gave in to temptation a few minutes later. And finally, a few of the children did manage to wait the entire time.

Published in 1972, this popular study became known as The Marshmallow Experiment, but it wasn’t the treat that made it famous. The interesting part came years later.

The Power of Delayed Gratification

As the years rolled on and the children grew up, the researchers conducted follow up studies and tracked each child’s progress in a number of areas. What they found was surprising.

The children who were willing to delay gratification and waited to receive the second marshmallow ended up having higher SAT scores, lower levels of substance abuse, lower likelihood of obesity, better responses to stress, better social skills as reported by their parents, and generally better scores in a range of other life measures.

The researchers followed each child for more than 40 years and over and over again, the group who waited patiently for the second marshmallow succeed in whatever capacity they were measuring. In other words, this series of experiments proved that the ability to delay gratification was critical for success in life.

And if you look around, you’ll see this playing out everywhere...

If you delay the gratification of watching television and get your homework done now, then you’ll learn more and get better grades. If you delay the gratification of buying desserts and chips at the store, then you’ll eat healthier when you get home. If you delay the gratification of finishing your workout early and put in a few more reps, then you’ll be stronger. ... and countless other examples.

Success usually comes down to choosing the pain of discipline over the ease of distraction. And that’s exactly what HODL is all about. Source: https://www.huffingtonpost.com/james-clear/40-years-of-stanford-rese_b_7707444.html

submitted by /u/everwhat1
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Kill your love for money

12 hours 59 min ago

(bad english warning)

Hi from Greece.

I just wanted to share my bitcoin story.

I am poor... My current job pays 530 euro a month. I am 34 living with the support of my family. Half my clothes are from my highschool days. My life is basically a timer until my parents die. Either I am set by then or... I'd rather not think about it. 1/3 of the population here is like this actually...

Poverty anxiety plus other less important reasons led to an anxiety neurosis or something. Extreme diziness, lack of appetite etc. Luckily I have a kick ass GP who helped me totally recover with the help of some medicine (ciropram) and oher methods.
Side note. DO NOT LEAVE PROBLEMS LIKE THIS WITHOUT TREATMENT!!! They will kill you.

Fast forward 1-2 months ago I lost my job (thankfully only for 2 weeks). As I was home sending CVs and stuff, I read an article about bitcoin reaching a new milestone. I knew about bitcoin before but this was the first time I'd care to read some more. Quickly, articles about bitcoin being possible to reach a million popped up and I wanted in.

I had some savings and decided to send 500 euro to kraken. I got some and transferred it to mycelium. That money to most people in rich countries might seem like a joke. Even for me 5 years ago would be. But now that money mean one to two months of surviving if unemployed.

A bit later I decided to get ledger nano s. They had an option to pay with bitcoin and I did. I loved how easy it was. Send, scan, pin done. No numbers, security numbers, sign ups...

After that I wanted to read more about the technology. I am not an expert. The most I have is some extremely basic programming knowledge. I knew I would never understand the core of the tech (and I didn't) but I gave it a try.

This is where the magic happend. As I read and read there was a point where everything starting making sense. It was a moment I felt like Neo in the first Matrix movie where he sees the matrix before kicking agent Smith's ass. I think I said "this is incredible" out loud though I'm not sure.

It was right there I decided that I wanted to be a part of this. Not as an investement anymore. I check my savings and see about 5000 euro in there (those were raised for years with the help of my family, alone I could not do this).

I send 2000 euro (about half, yes it is a lot for me but I didn't care). Oops, capital controls. I can only send 1000. Whatever.

It was different than the first time. In the blink of an eye 1000 euro were gone. Normally this would kill me inside. But no. I felt joy.

No joke bitcoin cured my anxitey.

And it saddens me to see people here talking about panic sells etc. Who cares? Fuck money. The world as a whole is suffering because all the wealth is in paradise papers. Trillions upon trillions. Sitting there. What kind of sociopaths have gathered all the money ffs?

Value the money that give you shelter and food. The rest do not matter. Bitcoin has a chance of changing the world. Do not hodl it back!

And if I ever end up in the streets, look me up in Athens with a nano s on my neck.

submitted by /u/protonion13
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