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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: 6 min 15 sec ago

PSA: This is the calm before the storm.

Fri, 03/16/2018 - 12:42

A lot of fringe “investors” and “believers” are losing interest and hope right now. Maybe they got in unwittingly during the fast march up from 10-20k, who knows.

The sentiment right now from mainstream types is quickly waning. Meanwhile, the groundwork that is currently being laid is FAR greater than even 3 months ago when we were at our all time high.

Let’s also not forget the active price pegging the futures markets are providing on a DAILY basis to give institutional grade requirements for the inevitable ETFs that may eventually be approved.

The fact that we are waddling between these prices and hitting even 12,000 with little fanfare leads me to believe the next leg up towards $100,000+ , we will then see some true FOMO.

Stay strong boys, we are the captains of this ship.

submitted by /u/Romeo_the_Dog
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CDs bowed down to Spotify. Taxis bowed down to Uber. Visa/Mastercard will bow down to Bitcoin.

Fri, 03/16/2018 - 11:51

In a perfect world, that's what would happen.

But no. They all fought back. Taxis sued Uber in court. Taxis got politicians to try to Uber illegal. CD companys claimed Spotify was violating copyright. Sound familiar?

Industries that are getting taken over will always fight back. They will get the government to help them, but the better industry always wins. Don't be afraid of the government. Many technologies overpowered the old industries. With Bitcoin, we're still in the early stages.

submitted by /u/trontonian
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First Month in Bitcoin

Fri, 03/16/2018 - 11:47

Hello All,

Thanks for your advise in a previous thread. I have been using Bitcoin for 1 month as of today, so I wanted to check in and thank all of you for the support that this community provides as a repository of news, advise, and fun commentary. I was able to save a fair deal of fiat over the last two months to convert to BTC, and in just a month I've converted fiat into the equivilent of 0.74 BTC with an average purchase price of $9,555. Not great, and like many, I wish I knew when the "real" dips were coming, but c'est la vie.

For now, as most people have advised, I'm HODLing, regardless of price fluctuations, with Fiat to BTC conversions happening as often as I can afford.

My current goal is to have at least 1.0 BTC (which will be harder to get to than a I though, as I had money squirreled away for the first 0.5-0.6, but now I'm just on my regular budget) before this thing starts the next run to the Moon.

Obviously my long term goal is to acquire and use as much BTC as possible in place of fiat.

I am still maintaining my "I'm not a day-trader" rule. Purchases only on the exchanges, no selling.

Also, as I mentioned in my last post, I got a Trezor, so I'm keeping my BTC off the exchanges once purchased.

Just wanted to say thanks to the community after my one month anniversary. I know I joined at an interesting time. Hoping for nothing but the Moon and Lambos for us all.

submitted by /u/foxyjim99
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New webshop accepting Bitcoin, best cheese from Spain!

Fri, 03/16/2018 - 11:24

Dear fellow bitcoiners, I just helped a friend to add Bitcoin payment on his website. His family make special cured Manchego Cheese for about 100 years.
Recently we discuss why not adding BTC as payment method and in few minutes was done. No intermediary, no extra fees, wallet to wallet.
Please come, visit and don't forget, is the best cheese in Spain!
You could use a discount code for all BTC orders: DARTHCOIN

submitted by /u/Cipix-Ordesa
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Warning: Fake emails to PayPal users with a "cryptocurrency warning"

Fri, 03/16/2018 - 10:32

I got this message from "paypal@paypal.com"
Addressed to my name with proper text and graphics. It fooled me until I call their phone support to verify it's fake.

"While reviewing your account, we noticed that your activity involves the trading or transfer of crypto currency which is prohibited under our Acceptable Use Policy. As this is not permitted on the PayPal platform we ask that you cease any activity that results in the trading or transfer of crypto currency. If you continue to engage in this activity on PayPal, we’ll be unable to continue offering our services."

PayPal confirmed to me over the phone that the email is fake. Paypal is NOT banning accounts with cryptocurrency activity. This is a sophisticated attempt to manipulate the price of Bitcoin.


submitted by /u/HeroicLife
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It's happening boys !!!

Fri, 03/16/2018 - 10:08

Why are people literally humiliating each other for a coin?

Fri, 03/16/2018 - 09:22

Hello, 4th grade computer engineering student here from a 3rd world country. I am reading about bitcoin and altcoins for years and i just dont or dont want to understand one thing. Why are these people on specific subreddits always shitting each other? I love the idea and goal of bitcoin and i believe this technology can lead us brighter future.I just can't understand why people literally humiliating each other for believing the same cause with slightly different technologies. I feel really sad for those guys because everyday i am trying my best to teach people blockchain and yet they can't understand how effective their posts to a new person who tries to read from those subreddits. Can someone please explain is this fight necessary? Can't they just focus the main goal here? Because if they are not billionare or something, they are just making things worse for couple tousand dollars at the end of the month. Again in my opinion, nearly everyone can work for one simple common cause: talking wholesome for every successful blockchain project.This would spread the knowledge faster. Thanks for reading and sorry for my english.

submitted by /u/barisazalea
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