Der Bitcoin-Millionär - ProSieben

$1 at a time

If a million people gave a dollar to someone, they could be a millionaire. We are an embodiment of this showerthought: https://redd.it/2mq94c Additionally, you can join our mailing list for monthly reminders at send.redditmm.com
[link]

Discussion for the /r/MillionaireMakers Posts

If a million people gave a dollar to someone, they could be a millionaire. We are an embodiment of this showerthought: https://redd.it/2mq94c If you are looking for the Drawing Threads, head to /millionairemakers
[link]

Bitcoin Price - April 27, 2020 || Top News: "... Bitcoin Halving: A New Class Of Bitcoin Millionaires May Emerge ..."

Bitcoin Price - April 27, 2020 || Top News: submitted by bitireland to bitcoin_ireland [link] [comments]

04-27 04:24 - 'Reddit niggεrs are blinded by their hatred of orange cheeto blumpf theres no point in arguing with them.' by /u/SIX_MILLIONAIRE removed from /r/Bitcoin within 207-217min

'''
Reddit niggεrs are blinded by their hatred of orange cheeto blumpf theres no point in arguing with them.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: SIX_MILLIONAIRE
submitted by removalbot to removalbot [link] [comments]

02-27 04:14 - 'Eminem, Snoop Dogg, 50 Cent, and Nas: Celebrities Who Could Be Bitcoin Millionaires - Bitcoin Gossip' (bitcoingossip.co) by /u/scurtel removed from /r/Bitcoin within 941-951min

Eminem, Snoop Dogg, 50 Cent, and Nas: Celebrities Who Could Be Bitcoin Millionaires - Bitcoin Gossip
Go1dfish undelete link
unreddit undelete link
Author: scurtel
submitted by removalbot to removalbot [link] [comments]

10-27 19:04 - 'Finally I'm a millionaire' (self.Bitcoin) by /u/GermanJava removed from /r/Bitcoin within 100-110min

'''
Oops I thought this was jokes
'''
Finally I'm a millionaire
Go1dfish undelete link
unreddit undelete link
Author: GermanJava
submitted by removalbot to removalbot [link] [comments]

@CNBC: "It's so ludicrous that you're like, 'what the f***?'" It's the Wolf of Wall Street vs. a crypto millionaire in "Bitcoin: Boom or Bust," premiering Monday, August 27 at 6 p.m. EST on CNBC. #BitcoinBoomOrBust #CNBCCrypto https://t.co/vgvshk41cq https://t.co/MmNLdvkeTs

@CNBC: submitted by -en- to newsbotMARKET [link] [comments]

02-27 16:52 - 'Guardian - 50 Cent denies reports he is a bitcoin millionaire' (theguardian.com) by /u/MBSWCrypto removed from /r/Bitcoin within 330-340min

Guardian - 50 Cent denies reports he is a bitcoin millionaire
Go1dfish undelete link
unreddit undelete link
Author: MBSWCrypto
submitted by removalbot to removalbot [link] [comments]

02-27 12:02 - '50 Cent Bitcoin Millionaire Claims Completely False' (themarketmogul.com) by /u/irinatmm removed from /r/Bitcoin within 77-87min

50 Cent Bitcoin Millionaire Claims Completely False
Go1dfish undelete link
unreddit undelete link
Author: irinatmm
submitted by removalbot to removalbot [link] [comments]

02-27 17:32 - 'Rapper 50 Cent Isn't a Bitcoin Millionaire After All' (bitcoinist.com) by /u/himadri-saha removed from /r/Bitcoin within 110-120min

Rapper 50 Cent Isn't a Bitcoin Millionaire After All
Go1dfish undelete link
unreddit undelete link
Author: himadri-saha
submitted by removalbot to removalbot [link] [comments]

11-27 21:43 - 'I wanna become a millionaire, too. Can someone tell me how?' (self.Bitcoin) by /u/Levinnart removed from /r/Bitcoin within 112-122min

'''
All that theoretical stuff is way too boring. I just wanna skip it and become rich. How do I do that?
'''
I wanna become a millionaire, too. Can someone tell me how?
Go1dfish undelete link
unreddit undelete link
Author: Levinnart
submitted by removalbot to removalbot [link] [comments]

05-27 11:42 - 'LOL love this title, Pissed You’re Not A Bitcoin Millionaire? You May Wanna Look Into Ethereum' (pedestrian.tv) by /u/olliec420 removed from /r/Bitcoin within 39-49min

LOL love this title, Pissed You’re Not A Bitcoin Millionaire? You May Wanna Look Into Ethereum
Go1dfish undelete link
unreddit undelete link
Author: olliec420
submitted by removalbot to removalbot [link] [comments]

DD: Predicting a Stock Leap

I wanted to share my thoughts on why I think we've been seeing these recent huge gains and a possible way to capitalize on them.
The Motivation
I too am trying to become a rich fellow autist, just like you. Usually, I'm late to the meme stock party and miss out on profits. So, I thought to myself "If I can think of the similarities between these companies, maybe I can beat the crowd and make some real wsb front page worthy shit."hopefully as gains
The Baseline Stock
As my first stock of analysis, of course, I took the latest meme stock $SPCE, Virgin Galactic. Founder Richard Branson is a multi-billionaire with the proper financial backings to make a company huge. But, I figured that is not enough drive for even the newest of new investors to buy calls/shares in the masses and the stock price to soar. With a quick background check, you could find that Branson tried sending tourists to space back in 2008. [ref] He even said he had over 250 people prepaid for $200,000 each. If that happened today, the stock would have probably rocketed to another dimension.
Even better, the market $SPCE is entering isn't controlled by a single company, leaving room for huge growth and a market with gigantic potential. Fox already reported this hype that the space market is projected to reach upwards of $1 trillion. This was even before Virgin Galactic took off in December, albeit this market cap projection included weather, Wi-Fi, shipping and logistics, television and radio rely on satellite-based services. [ref] This could be a factor.
Past Trends Analysis
It seems, especially nowadays, hype drives certain stocks through the roof. Even the slight thought of a company having a massive market cap leads to a huge response from investors. No news becomes good news for the company and good news creates huge share volumes. Most recently, $SPCE and $TSLA bulled their way to daily gains at unimaginable rates without much concrete news. Some meme stocks mentioned here do well ($AMD, $MSFT), those <10% daily gains have some premise, having solid financials to back it up. But, they do not demonstrate extreme leaps like $SPCE who hasn't even made a penny (since I'm Canadian, I should say a Nickel instead). To strengthen my original reasoning, I needed to think of other stocks that had this situation. Then, it all started to come together...
This is a list of stocks I can think of, irrelevant of their revenue, that showed the best of best short term gains and all had that similarity.
Ahead of the Party
If I want to get ahead of these parties I need to pick the $BYND or the $SPCE @ $8 before it runs up a 89.9° incline. Finding a company that has the potential to completely enter and control a market, without any actual revenue history. That's where this prediction comes in: $DEAC.
The market: Major sports betting on the US market is not yet available and this acquisition corporation plans to change that by merging with DraftKings. [ref] Before this merger was made public, CNBC wrote a huge article on the sports betting, including a market projection of $150 billion (the estimated current illegal gambling market size). DraftKings and FanDuel own 83% of the legal gambling market in New Jersey. [ref] This leads to a massive potential upside in having an IPO in the sports betting industry, projected to be $5 billion dollars.
The opportunity: $DEAC is an acquisition corporation meant exactly for this purpose. They plan to merge with DraftKings and change to a publicly-traded DraftKings. Not only is the market projected to be large, but this deal is also said to be priced in at a market cap of $3.3 billion. By the way, $DEAC is currently at an $840 million market cap. Now... I'm no mathematician, but those numbers are definitely far apart.
The challenge: While a supreme court ruling allowed any state their own legalization ability for sports betting, I believe NYC just turned down daily sports fantasy betting again. It most likely will be appealed but state legalization it is something to keep in mind. Currently, it shows 21 states have DFS regulations. [ref] Tax incentives could be a push for the other states to follow and legalize DFS regulations.
Conclusion/TLDR
There's one thing in common with these huge gaining stonks, They are breaking through to a market that's yet to be controlled. I'm not a millionaire yet, nor I may never be, but the potential upside of a $DEAC investment seems like a great way to make people millionaires, cough cough calls.
May the gains be with you all!
submitted by Dynamik_ to wallstreetbets [link] [comments]

[Winner's Thread #45] Today is a good day

Hey everyone. I'll start by saying I still cant believe I won. Thank you so much to anyone who donates. I wont be wasting it.
Also thanks to lilfruini and everyone involved with this sub for the help and opportunity. I came across this sub a few months ago and subscribed for the hell of it thinking I'd get some good IRL karma by giving a dollar here and there. Never thought I'd win though! Waking up to a bunch of notifications was suprising enough cuz I dont post a ton but when I saw they all said congrats, etc and saw that I won I jumped out of bed and freaked out lol.
A little about me, I'm 27 and work at a burger joint, I love music, play guitar and drums, and video games. I've been working towards saving enough to go back to college and get a degree for a few months now but its been tough saving much because of bills and rent. Im looking to get a degree in cybersecurity or general software engineering to make music apps or games.
Once again, Thank you to everyone donating and everyone involved. I'm blessed to have this opportunity and will be donating in the coming millionaire maker drawings to pay back hopefully one of you next.
*** Everything listed should result in direct lines of payment to survivor256. We ask all users to donate at least $1 USD. The Drawing Thread is also listed for users who want to see the results and confirm the validity of the winner. Drawing: https://reddit.com/millionairemakers/comments/cs2fcz/draw_45/
PayPal: paypal.me/Survivor256 ([email protected]) if paypal.me doesnt work
Bitcoin: 3Cj9xoJ4wFKS77teKWJr2xSahLdSsDtgmb
Bitcoin Cash: qr2z59xunv6ums2w7m4phh2z4sahea5megnsw3n6qv
Ethereum: 0x68FB55FaFC1396A5E62d2e26c6bC1CdA4FeDeb55
Litecoin: MSkrWtqorTUKyqZSzxxcpucqYL6GhNqpSp
Dogecoin: DCyUdDUcwQhzcfsTQsNsdxGttBaD1m5sBT
Nano: nano_1jq6aoksycmpocbcz77h8turc73ddurd6knwnsmoamk3ogo5qqdx3sfz38ky
Edit: 3 days later and still getting donations. Yall are crazy. My totals as of now are Paypal: $507.63 Btc: $37.03 Bch: $7.98 ETH: $7.73 LTC: $3.84 Nano: $15.30
So over $550 as of now. I'm dumbfounded guys. This has been the best week I've had in a while. Thank you again.
edit 2: its Sept 8th now and a few more people have donated in the past couple days. All in all I received about $650! Thank you to everyone who donated again. This has been a great month and it's all because of you guys :D
Edit 3: So the next drawing thread is up and it mentioned my post. A few more people are donating so maybe I'll make it to a million before the next drawing in 3 days XD lol. Seriously tho this has been a great experience and I'm thankful for every dollar. Good luck to the next winner!
submitted by Survivor256 to millionairemakers [link] [comments]

Top-60 bitcoin/crypto quotes of the last decade, because reading them makes you feel good, and it feels good to feel good. Also one trading tip

First, number one trading tip for the next decade (in my opinion):

XXA/XLM trading pair, price is 5.20 XLM (0.3588 USD). Ixinium XXA is so undervalued right now. Target profit +300% for this year. Backet by precious metals. Precious metals 100% insured by Lloyd's of London. Target price levels for this year because of precious metals base value:
12.0 XLM (0.83 USD, +130.6%)
18.8 XLM (1.30 USD, +261.5%)
23.2 XLM (1.60 USD, +345.9%)
Price up since Coinmarketcap listing 7 days ago: 47.26%
XXA/XLM trading pair on Stellarport and StellarX exchanges with zero trading fee. It's not too late to become an Ixinium whale :)

My favorite bitcoin/crypto quotes, last ten years:

  1. Came into Bitcoin for the short-term dollar gains. Stayed in Bitcoin for the long-term bitcoin gains.

  1. Fiat addicts you to spending. Bitcoin addicts you to saving.

  1. There are 1,900x more dollars in existence today than there was less than a hundred years ago. Bitcoin has no top because fiat has no bottom.

  1. Most investors would be better off if they lost the password to their account and couldn’t log in for a few years.

  1. How I learned to stop worrying and love the bear market: Value your wealth in bitcoin not fiat.

  1. If I had a Bitcoin for every time someone asked me if I know who Satoshi is... I'd be Satoshi.

  1. Every second bitcoin stays out of the spotlight, is another second we get to build unopposed. We can't take this time for granted.

  1. You can't be excited about Bitcoin and fear the bear market. It's like being excited for Christmas but fearing winter. The bear market is a natural part of Bitcoin's mass adoption.

  1. Crypto is the only money that works on the internet. But it's also the only money that works in space. It's really expensive to bring gold bars to Mars.

  1. The fact that your normie friends don't think Bitcoin is cool yet is the reason why there is still massive upside potential.

  1. Feel free to print (fiat money) as much as you need, as I am already all in crypto.

  1. Satoshi walks in to a bar. Nobody knows.

  1. Fiat supply: unlimited. Gold supply: unknown. Bitcoin supply: 21 million.

  1. Most people still don’t know anything about Bitcoin except its price. But they don’t know why Bitcoin has a price in the first place. Hence the skepticism. When you don’t know why something has a price, it is impossible to understand how much it can really be worth.

  1. There can never be more than 17 million people who own 1 full bitcoin. But in practice, there will be far fewer.

  1. Internet allowed you to never have to go to the library. Bitcoin will allow you to never have to go to the bank.

  1. Google's CEO is Indian
Nokia's CEO is Indian
Adobe's CEO is Indian
Amazon's BOD is Indian
MasterCard's CEO is Indian
Microsoft's CEO is Indian
Pepsico's CEO was Indian indra nooyi
Nasa has 58% Indian employees
Do something towards $Btc bans in India! ENOUGH IS ENOUGH.

  1. When you trade trends, you can be the last person to join the trend & first person to leave the trend & you can still outperform everyone else in long term simply because others will keep guessing the tops & bottoms while you will keep riding confirmed trends.

  1. You don't need to fomo into positions, if you accumulate early.

  1. If your "financial advisor" doesn't advise you to buy crypto, fire 'em.

  1. Bitcoin doesn't care about your feelings. It also doesn't care about your gender, ethnicity, sexual preference or religion. Bitcoin just is.

  1. Want to prove to an investor that your crypto product is needed? Get people to use it. It is really hard to argue with usage.

  1. Is it possible to be a BTC maximalist and be Vegan? Asking for a friend..

  1. If you think that bitcoin is not going to the mainstream, think again.

  1. Most people don’t know what money is. This is why Bitcoin is still underrated. First, learn what money is. Then, you will be able to leverage the massive opportunity that is Bitcoin.

  1. If you think the people in charge know exactly what they’re doing, do nothing & continue on with your life. If you think those in charge may NOT actually be as smart as they want us to think, buy a little Bitcoin. The status quo is a bet on humans, but Bitcoin is a bet on math.

  1. Bitcoin is only risky to those who don’t understand it.

  1. Short term volatility doesn’t phase long term investors.

  1. If you manage your risk, your profits will take care of itself. If you don't, your parents will take care of you.

  1. For every person in the world, there are only 0.00225764 bitcoins.

  1. If you did your research, this bear market was expected. Bear or bull market, it’s business as usual for true Bitcoiners.

  1. For Bitcoin to succeed, the whole world doesn't need to understand its value proposition. Those who do will profit from its monetization. Those who don't will naturally adopt this better money.
Economic reality imposes itself onto the world whether you're aware of it or not.

  1. This is not financial advice. This is life advice. Buy Bitcoin.

  1. If Banks & Fiat are horse carriages, then Bitcoin isn't merely cars, it's fucking teleportation.

  1. How Bitcoin enables global prosperity:
Bitcoin makes you future-oriented
Bitcoin makes delaying gratification easier
Bitcoin makes saving & capital accumulation easier
Bitcoin makes investing easier
Bitcoin makes global trade easier
Bitcoin makes advancing civilization easier

  1. Bitcoin is the ultimate marshmallow experiment. People who are able to hodl for longer will tend to have better life outcomes.

  1. Other than your human time, Bitcoin is the scarcest thing on earth. Human time will become more abundant as life expectancy increases. Bitcoin, however, will only become scarcer.

  1. The energy cost of Bitcoin mining will pale in comparison to the improvements in the world’s productivity and prosperity that are enabled by Bitcoin.

  1. Pros of bear market:
-You can buy more Bitcoin
-Devs more productive than ever
-Weak hands driven out+hodler base strengthened
-Focus on fundamentals, not short-term price
-Overvalued shitcoins deflated
-Critical Infrastructure being built out, making next bull run even fiercer

  1. The more productive we are during the bear market, the harder Bitcoin will pump in the next bull market. Ignore short-term price action. Focus on Bitcoin fundamentals.

  1. Bitcoin bear market is the best time for buying, learning and staying miles ahead of the normies who will once again be late to the game and will buy the top.

  1. Before you invest in Bitcoin, invest in educating yourself about Bitcoin. Understanding Bitcoin will make your conviction much stronger and enable you to maximize your gains.

  1. There are 2 ways you can adopt Bitcoin:
  2. Early on & willingly-> result: allows you to capture upside as Bitcoin grows & becomes widely used or
  3. Much later & not having another choice-> result: failing to capture most upside from Bitcoin's monetization.
The choice is yours.

  1. The overwhelming majority of highly intelligent people I talk to still have no idea why Bitcoin is valuable. We are extremely early. The ability to identify opportunity before others and take advantage of the information asymmetry is key.

  1. Bitcoin will succeed with or without you. Don’t be left behind.

  1. In the 90s people couldn’t imagine that the Internet would replace newspapers, TV, phone calls, shops & many other things. Today, people can't imagine Bitcoin becoming mass adopted money. Bitcoin will do to money what Internet did to information. And money is a way bigger market.

  1. If every millionaire in the US wanted to have just 1 bitcoin they wouldn't be able to. There will always be fewer bitcoins than there are millionaires in the US (let alone the whole world). Ignore this at your own risk.

  1. The corporations & institutions that stand to lose from Bitcoin adoption are made up of individuals who stand to benefit massively from Bitcoin adoption. Realizing that every group or entity is made up of self-motivated individuals is key to realizing why Bitcoin will succeed.

  1. Bitcoin self-selects for people with:
* Low time preference
* Long attention span
* Commitment
* Authenticity
* Patience
* Persistence
* Ability to focus
* Ability to go against the mainstream
Bitcoin is a marathon, not a sprint.

  1. If you don’t have a deep understanding of:
  2. What money is
  3. Functions of money
  4. Monetary history
  5. Money properties that fulfill its various functions
Then don’t you dare criticize Bitcoin.

  1. Bitcoin doesn’t care:
- what color you are
- what sex you are
- what age you are
- what your religion is
- who your parents are
- which university/school you went to
- who you’re friends with
- how expensive your lawyer is
Bitcoin cannot discriminate.

  1. You chase money every single day. You stress over money all your life. You worship money.
But you have no idea why money is valuable. Money controls your life because you have no understanding of what it is. Once you ask yourself “What is money?”, Bitcoin will make sense.

  1. Satoshi Nakamoto deserves:
- Nobel Prize in Economics
- Nobel Peace Prize
- Nobel Prize in Physics
But thankfully the last thing Satoshi needs is the validation of the establishment.

  1. Bitcoin is doing better than corporations & altcoins though it never had:
- CEO
- Marketing
- Salaries
- ICO
- Partnerships
- Headquarters
- Customer support
Bitcoin is an emergent superorganism. Members contribute according to their ability, driven by passion more than greed.

  1. July 2011 - $31
- “Damn, I should've bought bitcoin earlier”
Apr 2013 - $266
- “Damn, I should've bought bitcoin earlier”
Nov 2013 - $1,242
- “Damn, I should've bought bitcoin earlier”
Dec 2017 - $19,891
- “Damn, I should've bought bitcoin earlier”
2022-2023 - ...
- “Damn..”

  1. Successful crypto trading boils down to correctly predicting how the whales will torture the normies next.

  1. Bitcoin doesn’t wait for anyone. It’s up to you if you want to learn this the hard way.

  1. Percentage of world using the Internet in 1995 = 0.4%
Percentage of world using the Internet in 2019 = 58.8%
Bitcoin is to money what the Internet is to information.
Percentage of world using Bitcoin in 2019 = 0.4%
If you thought you are late to Bitcoin, think again.

  1. I didn't choose the dollar.
I didn't choose the euro.
I didn't choose the pound.
I didn't choose the yen.
I didn't choose the ruble.
I didn't choose fractional reserve banking.
I didn't choose central banks.
I didn't choose quantitative easing.
I choose Bitcoin.

  1. Using Bitcoin
  2. Download wallet
  3. Receive funds
Using Banks
  1. Go to location
  2. Identification card
  3. Social Security #
  4. Hidden fees
  5. Initial deposit
  6. Proof of address
  7. Unreadable legal docs
  8. Wait a week for your funds
Which one will the next generation choose?

Many of these wisdom quotes are from the author of the new book called “This ₿ook Will Save You Time”, and he's donating all of the proceeds from the book sales to a Bitcoin developer.
submitted by crypto_trading_stats to CryptoCurrencyTrading [link] [comments]

Weekly FIREUK Blog posts

UK FI blogger posts from the last 7 days
Reddit app allows sideways navigation to view across the table
FI Blogger Last Posted Latest Post Posts This Week
The Escape Artist Fri, 14 Feb 2020 The Compound Advantages of Hard Choices 2
7 Circles Fri, 14 Feb 2020 The Most Important Thing 2 – Risk and Cycles 4
South Wales FI Fri, 14 Feb 2020 What is a financial bridge- and do I need one? 2
fiukmoney.co.uk Fri, 14 Feb 2020 Net Worth update of 21 year old on the path to FIRE 2
Gentleman's Family Finances Fri, 14 Feb 2020 Child Benefit Sadface: the perils of BIK 2
Monevator Fri, 14 Feb 2020 Weekend reading: Many shall be restored that now are fallen and many shall fall that now are in honour 3
Skint Dad Fri, 14 Feb 2020 Wilko Half Price Pick and Mix (February 2020) 7
The Young Money Blog Fri, 14 Feb 2020 Two bits of personal news from Young Money Blog! 6
The Frugal Cottage Fri, 14 Feb 2020 Life Update #27 2
FIREMusings Thu, 13 Feb 2020 SIPP vs ISA – The Tax hit and benefit of deliberate drawout 1
Money-Side Up Thu, 13 Feb 2020 Productivity Hacks To Help You Save Money And Live Better: Feeling Heavy? 1
Banker on FIRE Thu, 13 Feb 2020 What Your Employer Doesn’t Want You To Know: Loyalty Doesn’t Pay 2
Pursue FIRE Wed, 12 Feb 2020 Each Way Betting Home Page 2
The Humble Penny Wed, 12 Feb 2020 Why Your Lack of Consistency Is Keeping You Poor 1
MoneyGrower Wed, 12 Feb 2020 Have A Little Patience – Blue Chip Stock Investing 1
The Mini Millionaire Wed, 12 Feb 2020 How To Get A Makro Card Without Being A Business 2
Finumus Wed, 12 Feb 2020 What if my broker goes bust? 1
theFIREstarter Wed, 12 Feb 2020 resigned to my fate 1
The FI Fox Tue, 11 Feb 2020 Let's talk about Bitcoin (Part 2) 1
The FIRE Shrink Tue, 11 Feb 2020 The Financial Dashboard – January 2020 1
{ in·deed·a·bly } Tue, 11 Feb 2020 Not very sporting 2
Having Fun Cracking Retirement Tue, 11 Feb 2020 The 2010’s – What A Decade 1
TuppennysFIREplace Tue, 11 Feb 2020 How To Successfully Live On One Income (With 30+ Helpful Tips) 5
Foxy Monkey Tue, 11 Feb 2020 Why you Should Invest Even If you Have No Money 1
Monethalia Tue, 11 Feb 2020 How to calculate your FIRE number 1
Money Bulldog Tue, 11 Feb 2020 Shawbrook Bank Savings Review 1
Inspiring Life Design Tue, 11 Feb 2020 How Did I Get On With My January Goals? 1
Hustle Escape Mon, 10 Feb 2020 The Frequently Ignored Productivity Benefits of Walking 1
Disease called Debt Mon, 10 Feb 2020 Loans with no Credit in South Carolina for your Emergency Situation 1
Much More With Less Mon, 10 Feb 2020 Five frugal things to start February 1
One Million Journey Sun, 09 Feb 2020 Hola Dividend Portfolio 1
FIRE v London Sat, 08 Feb 2020 Fighting complexity 1
Frugal Brits Sat, 08 Feb 2020 A small 20 minute investment in a hobby has sparked my interest in passive income 2
Money Mage Sat, 08 Feb 2020 January 2020 Savings Report 1
Full list of blogs included in checker - here
submitted by reckless-saving to FIREUK [link] [comments]

Get on board with massive transfer of wealth in the wave of current crisis.

The third bitcoin halving could be a major catalyst for monetary change, resulting in a generation of new crypto millionaires.

Get on board with massive transfer of wealth in wave of current crisis.

#Blockchain
#Crypto
#YNN


https://www.forbes.com/sites/lukefitzpatrick/2020/04/27/bitcoin-halving-a-new-class-of-bitcoin-millionaires-may-emerge/
submitted by yangglobal to u/yangglobal [link] [comments]

r/Bitcoin recap - June 2019

Hi Bitcoiners!
I’m back with the 30th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in May 2019
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Understanding Tether: Why it accounts for a substantial part of the crypto market cap and why its the #1 outstanding issue in crypto markets today

In this post I will go in-depth on:
  1. How Tether got to be what it is today
  2. Why Tether's market cap is a lot more than 0.5% of the total market cap for crypto you see on CoinMarketCap
  3. Tether printing timing
  4. Tether reserves
  5. What could happen to the market if Tether is found to not be backed by reserves
Tether is incredibly important to the cryptocurrency market ecosystem and I've noticed far too few people understand what is going on.
Very little actual discussion of the 2nd biggest crypto by volume happens here and whenever someone starts a discussion they most often got slapped for "FUD". Tether themselves recently hired the major New York based PR firm 5W to spread positive information online and take down critics, I'm sure some of their operatives are probably on Reddit.
But its absolutely critical you understand the risks behind Tether and especially now with the explosion in reserve liability, breakdown in relationship with banks and their auditor and recently announced subpoena.

What exactly is Tether and what happened so far?

Tether is a cryptocurrency asset issued by Tether Limited (incorporated in the British Virgin Islands and a sister company of Bitfinex), on top of the Bitcoin blockchain through the Omni Protocol Layer. It is meant to give people a "stablecoin", for example a merchant who accepts bitcoin but fears its volatility could shift bitcoin into tether, which can be easier to do than exchanging bitcoin for dollars. Recently they've also added an Ethereum-based ERC20 token. Tether Ltd claims that each one of the tokens issued is backed by actual US dollar (and more recently Euro) reserves. The idea is that when a business partner deposits US dollars in Tether’s bank account, Tether creates a matching amount of tokens and transfers them to that partner, it is NOT a fractional reserve system.
Tether makes the two following key promises in its whitepaper on which the entire premise is build:
Each tether issued will be backed by the equivalent amount of currency unit (one USDTether equals one dollar).
Professional auditors will regularly verify, sign, and publish our underlying bank balance and financial transfer statement.
Tether is centralized and dependent on your trust of Bitfinex/Tether Limited, and that the people behind it are honest people. For the new entrants to this market it will be greatly beneficial understand the timeline of Tether and their connection to Bitfinex.
A brief timeline:

Most common misconception: Tether is only a small part of the total market cap

One of the most common misconception people have about cryptocurrencies is that the "market cap" amount they see on CoinMarketCap.com is actually the amount of money that is invested in each coin.
I often hear people online dismiss any issue with tether by simply claiming its not big enough to cause any effect, saying "Well Tether is only $2.2 billion on CoinMarketCap and the market is 400 billion, its only 0.5% of the market".
But this misunderstands what market capitalization for cryptocurrency is, and just how different the market cap for Tether is to every other token. The market cap is simply the last trade price times the circulating supply. It doesn't take into account the order book depth at all. The majority of Bitcoin (and most coins) are held by those who either mined or purchased for a very low price early on and simply held on as very small portions of the total supply was rapidly bid up to their current price.
An increase in market cap of X does NOT represent an inflow of X dollars invested, not even close. A 400 billion dollar market cap for crypto does NOT mean that there is 400 billion dollars underwriting the assets. Meanwhile a 2 billion dollar Tether market cap means there should be exactly $2 billion backing up the asset.
Nobody can tell for sure exactly how much money has been invested in cryptocurrency market, but analysts from JPMorgan found that there was only net inflow of $6 billion fiat that resulted in $300 billion market cap at the time. This gives us a roughly 50:1 ratio of market cap to fiat inflow. Prominent crypto evangelist Julian Hosp gives the following estimate: "For a cryptocurrency to have a market cap of $1 billion, maybe only $50 million actually moved into the cryptocurrency."
For Tether however the market cap is simply the outstanding supply, 2.2 billion USDT is actually equal to 2.2 billion USD. In order to get $50 USDT you have to deposit $50 real U.S. dollars and then 50 completely new tokens will be issued, which never existed before on the market.
What is also often ignored is that Bitfinex allows margin trading, at a 3.3x leverage. Bitfinexed did an excellent analysis on how tether is entering Bitfinex to fund margin positions
There are $2.2 billion in Tether outstanding and the current market cap of the entire market is $400 billion according to CoinMarketCap. You can actually calculate Tether as a % of total fiat invested in the market according to the JP Morgan estimate, the following table outlines for a scenario of no margin lending and 15/25% of tether being on a 3.3x leverage margin account:
Fiat Inflow/Market Cap Ratio Tether as % of total market (no margin) Tether as % of total market (15% on margin) Tether as % of total market (25% on margin)
JP Morgan estimate (50:1) 27.5 % 36.9 % 43.3 %
Even without any margin lending Tether is underwriting the worth of about 27.5% of the cryptocurrency market, and if we assume only 25% was leveraged out at 3.3x on margin we have a whole 43% of the market cap being driven by Tether inflow.
A much better indicator on CoinMarketCap of just how influential Tether is actually the volume, its currently the 2nd biggest cryptocurrency by volume and there are even days where its volume exceeds its market cap.
What this all means is that not only is the market cap for cryptocurrencies drastically overestimating the amount of actual fiat capital that is underwriting those assets, but a substantial portion of the entire market cap is being derived from the value of Tether's market cap rather than real money.
Its incredibly important that more new investors realize that Tether isn't a side issue or a minor cog in the machine, but one of the core underlying mechanisms on which the entire market worth is built. Ensuring that whoever controls this stablecoin is honest and transparent is absolutely critical to the health of the market.

Two main concerns with Tether

The primary concerns with Tether can be split into two categories:
  1. Tether issuance timing - Does Tether Ltd issue USDT organically or is it timed to stop downward selling pressure?
  2. Reserves - Does Tether Ltd actually have the fiat reserves at a 1:1 ratio, and why is there still no audit or third party guarantee of this?

Does Tether print USDT to prop up Bitcoin and other cryptocurrencies?

In the last 3 months the amount of USDT has nearly quadrupled, with nearly a billion being printed in January alone. Some people have found the timing of the most recent batch of Tether as highly suspect because it seemed to coincide with Bitcoin's price being propped up.
https://www.nytimes.com/2018/01/31/technology/bitfinex-bitcoin-price.html
This was recently analyzed statistically:
Author’s opinion - it is highly unlikely that Tether is growing through any organic business process, rather that they are printing in response to market conditions.
Tether printing moves the market appreciably; 48.8% of BTC’s price rise in the period studied occurred in the two-hour periods following the arrival of 91 different Tether grants to the Bitfinex wallet.
Bitfinex withdrawal/deposit statistics are unusual and would give rise to further scrutiny in a typical accounting environment.
https://www.tetherreport.com
I'm still undecided on this and I would love to see more statistical analysis done, because the price of Bitcoin is so volatile while Tether printing only happens in large batches. Simply looking at the Bitcoin price graph over the last 3 months and then the Tether printing its pretty clear there is a relationship but it doesn't seem to hold over longer periods.
Ultimately to me this timing isn't that much of an issue, as long Tether is backed by US dollars. If Bitfinex was timing the prints then it accounts to not much more than an organized pumping scheme, which isn't a fundamental problem. The much more serious concern is whether those buy order are being conducted on the faith of fictitious dollars that don't exist, regardless of when those buy orders occur.

Didn't Tether release an audit in September?

Some online posters have recently tried to spread the notion that Tether has actually been audited by Friedman LLP and that a report was released in September 2017. That was actually just a consulting engagement, which you can read here:
https://tether.to/wp-content/uploads/2017/09/Final-Tether-Consulting-Report-9-15-17_Redacted.pdf
They clearly state that:
This engagement does not contemplate tests of accounting records or the performance of other procedures performed in an audit or attest engagement. Our procedures performed are not for the purpose of providing assurance...In addition, our services do not include determination of compliance with laws and regulations in any jurisdiction.
They state right from the beginning that this is a consultancy job (not an audit), and that its not meant to be assurance to third parties. Doing a consultancy job is just doing a task asked by your customer. In a consultancy job you take information as true from the client, and you have no mandate to verify whether your customer's claims are true or not. The way they checked is simply asking Tether to provide them the information:
All inquiries made through the consulting process have been directed towards, and the data obtained from, the Client and personnel responsible for maintaining such information.
Tether provided a screenshots of twp bank balances. One of these is in the name of Tether Limited, and while the other is a personal account of an individual who Tether Limited claims has a trust agreement with them:
As of September 15, 2017, the bank held $60,919,810 in an account in the name of an in individual for the benefit of Tether Limited. FLPP obtained an engagement letter for an interim settlement plan between that individual and Tether Limited and that according to Tether Limited, is the relevant agreement with the trustee. FLLP did not evaluate the substance of the letter and makes no representation about its legality.
Even worse is that later on in Note 1, they clearly claim that there is no actual evidence that this engagement letter or trust has any legal merit:
Note 1: FLLP makes no representations about sufficiency or enforceability of any trust agreement between the trustee and the Client
Essentially what this is saying is that the trust agreement may not even be worth the paper it’s printed on.
And most importantly… Note 2:
FLLP did not evaluate the terms of the above bank accounts and makes no representations about the clients ability to access funds from the accounts or whether the funds are committed for purposes other than Tether token redemptions
Basically Tether gave them a name of an individual with $60 million in their account according to a screenshot, Tether then gave them a letter saying that there is a trust agreement between this individual and Tether Limited. They also have account with $382 million but no guarantee that this account holds to any lien or other commitments, or that it can be accessed.
Currently Tether has 2.2 billion USDT outstanding and we have absolutely no idea whether this is actually backed by anything, and the long promised audit is still outstanding.

What happens if its revealed that Tether doesn't have its US dollar reserves?

According to Thomas Glucksmann, head of business development at Gatecoin: "If a tether debacle unfolds, it will likely cause quite a devastating ripple effect across many of the exchanges that see most of their volumes traded against the supposedly USD-backed cryptocurrency."
According to Nicholas Weaver, a senior researcher at the International Computer Science Institute at Berkeley: "You could see a spike in prices in tether-only bitcoin exchanges. So, on those exchanges only you will see a run up in price compared to the bitcoin exchanges that actually work with actually money. So you would see a huge price diverge as people see that only way they can turn tether into real money is to buy other cryptocurrency then move to another exchange. That is a bank run."
I definitely see the crypto equivalent of a bank run, as people actually try to secure their gains an realize that this money doesn't actually exist within the system:
If traders lose confidence in it and its value starts to drop, “people will run for the door,” says Carlson, the former Wall Street trader. If Tether can’t meet all its customers’ demand for dollars (and its Terms of Service suggest that in many cases it won’t even try), tether holders will try to snap up other cryptocurrencies instead, temporarily causing prices for those currencies to soar. With tether’s role as an inter-exchange facilitator compromised, investors might lose faith in cryptocurrencies more generally. “At the end of the day, people would be losing substantial sums, and in the long term this would be very bad for cryptocurrencies,” says Emin Gun Sirer, a Cornell professor and co-director of its Initiative for Cryptocurrencies and Smart Contracts.
Another concern is that Bitfinex might simply shut down, pocketing the bitcoins it has allegedly been stockpiling. Because people who trade on Bitfinex allow the exchange to hold their money while they speculate, these traders could face substantial losses. “The exchanges are like unregulated banks and could run off with everyone’s money,” says Tony Arcieri, a former Square employee turned entrepreneur trying to build a legally regulated exchange.
https://www.wired.com/story/why-tethers-collapse-would-be-bad-for-cryptocurrencies/
The way I see it, this would be how it plays out if Tether collapses:
  1. Tether-enabled exchanges will see a massive spike in Bitcoin and cryptocurrency prices as everyone leaves Tether. Noobs in these exchanges will think they are now millionaires until they realize they are rich in tethers but poor in dollars.
  2. Exchanges that have not integrated Tether will experienced large drops in Bitcoin and alts as experienced investors flee crypto into USD.
  3. There will be a flight of Bitcoin from Tether-integrated exchanges to non-Tether exchanges with fiat off-ramps. Exchanges running small fractional reserves will be exposed, further increasing calls for greater reserves requirements.
  4. The exchanges might slam the doors shut on withdrawals.
  5. Many exchanges that own large balances of Tether, especially Bitfinex, will likely become insolvent.
  6. There will be lawsuits flying everywhere and with Tether Limited being incorporated on a Carribean Island whose solvency and bankruptcy laws will likely ensure they don't ever get much back. This could take years and potentially push away new investors from entering the space.

Conclusion

We can't be 100% completely sure that Tether is a scam, but its so laiden with red flags that at this point I would call it the biggest systematic risk in the crypto space. Its bigger than any nation's potential regulatory steps because it cuts right into the issue of trust across the entire ecosystem.
Ultimately Tether is centralizing one of the very core mechanics of the cryptocurrency markets and asking you to trust one party to be the safekeeper, and I really see very little reason to trust Bitfinex given their history of lying and screwing over their own customers. I think that Tether initially started as a legit business to facilitate the ease of moving money and avoiding regulations, but somewhere along the lines greed and/or incompetence took over (something that seems common with Bitfinex's previous actions). Right now we're playing proverbial hot potato, and as long as people believe that Tether is worth a dollar everything is fine, but as some point the Emperor will have to step out from hiding and somebody will point out they have no clothes.
In the long term I really hope once Tether collapses we can move on and get the following two implemented which would greatly improve the market for all investors:
  1. Actual USD fiat pairings on the major exchanges for the major currencies
  2. Regulatory rules on exchange reserve requirements
I had watched the Bitconnect people insist for the last 2 years that everything about Bitconnect made perfect sense because they were getting paid daily. The scam works until one day it suddenly doesn't.
Tether could still come clean and avoid all of this "FUD" by simply getting a simple review of their banking, they don't even need a full audit. If everything was legit with Tether, it would be incredibly easy to have a segregated bank account with the funds used solely to back up Tether, then have an third party accounting firm simply review the account and a bank reconciliation statement then spend a few hours in contact with the bank to ensure no outstanding liabilities are held on that balance. This is extremely basic stuff, it would take a few hours to set up and wouldn't take a lot of man-hours for a qualified account to do, and yet they don’t do it. Why? Why hire a major PR firm and spend god knows how much money to pay professional PR representatives to attack "FUD" online instead?
I think I know why.
submitted by arsonbunny to CryptoCurrency [link] [comments]

Top Posts and Comments of the Day

Top of the Day for 02/01/2020

For frequently asked questions, please click here. Times shown on this page are in UTC, and dates are displayed as Day/Month/Year.
There are some limitations with the Reddit API that still need to be worked around, you can help contribute to this bot through its GitHub page.

Most Upvoted Posts of the Day

First Place
The Fast and the Feline
posted by wheel_turner on /memes
Click here to view the post. ● 118,977 Upvotes ● Posted: 01/01/2020 at 13:32:55 UTC
Second Place
Get prepared for this new year!
posted by Beloni_BR on /wholesomememes
Click here to view the post. ● 93,214 Upvotes ● Posted: 01/01/2020 at 13:12:41 UTC
Third Place
You're given the option to drop what you have and return to 12/31/2011 as yourself at that age, but with the extra 8 years of experience. Do you take it? Why or why not?
posted by BaddestofUsernames on /AskReddit
Click here to view the post. ● 92,714 Upvotes ● Posted: 01/01/2020 at 01:44:27 UTC
Fourth Place
THE LAST MEME OF THE DECADE (posted with 14 seconds left to spare)
posted by lawrence_jacobs on /memes
Click here to view the post. ● 90,041 Upvotes ● Posted: 01/01/2020 at 10:07:25 UTC
Fifth Place
Dad off to fight fires in NSW.
posted by meehaulahoolahine on /pics
Click here to view the post. ● 87,103 Upvotes ● Posted: 01/01/2020 at 06:40:41 UTC

Most Downvoted Posts of the Day

This section is currently being worked on.

Most Upvoted Comments of the Day

IMPORTANT NOTE: This section may be not be accurate as it is under development. Currently this only gets the most upvoted top-level comments from the most upvoted posts today.
First Place
I’m the bitcoin investment comment.
posted by pastatini on /AskReddit
Click here to view the post. ● 50,169 Upvotes ● Posted: 01/01/2020 at 02:35:27 UTC
Second Place
Yes, those were the skinny years I wasted thinking I was fat.
posted by karenthesoccermom on /AskReddit
Click here to view the post. ● 35,102 Upvotes ● Posted: 01/01/2020 at 02:47:47 UTC
Third Place
I turned 21 in 2011. You're saying I could redo my 20s, with a 29-year old brain and experiences? Hell yes I would. ` I wasted a lot of energy, time, money, my youth being too stupid to move forward.`
posted by ThatDogIsNotYourBaby on /AskReddit
Click here to view the post. ● 34,708 Upvotes ● Posted: 01/01/2020 at 04:03:37 UTC
Fourth Place
Yes. With everything I know now, I could easily go back and be a millionaire.
posted by StarsCanScream on /AskReddit
Click here to view the post. ● 23,417 Upvotes ● Posted: 01/01/2020 at 01:47:36 UTC
Fifth Place
That was 6 months before i got seriously injured for the fist time... I think i'd take it.
posted by Bobbinapplestoo on /AskReddit
Click here to view the post. ● 17,630 Upvotes ● Posted: 01/01/2020 at 02:55:15 UTC

Most Downvoted Comments of the Day

This section is currently being worked on.

Most Gilded Posts of the Day

IMPORTANT NOTE: This section may be not be accurate as it is under development.
First Place
When I’m Liverpool: World Champions Edition
posted by elmo26 on /LiverpoolFC
Click here to view the post. ● 2,508 Upvotes ● 3 reward(s). ● 1 silver reward(s), 1 gold reward(s) and 1 platinum reward(s) ● Posted: 01/01/2020 at 11:30:08 UTC
Second Place
THE LAST MEME OF THE DECADE (posted with 14 seconds left to spare)
posted by lawrence_jacobs on /memes
Click here to view the post. ● 90,047 Upvotes ● 3 reward(s). ● 1 silver reward(s), 1 gold reward(s) and 1 platinum reward(s) ● Posted: 01/01/2020 at 10:07:25 UTC
Third Place
The story about labiaplasty you haven’t heard
posted by jessica_pin on /TwoXChromosomes
Click here to view the post. ● 23,082 Upvotes ● 3 reward(s). ● 1 silver reward(s), 1 gold reward(s) and 1 platinum reward(s) ● Posted: 24/12/2019 at 08:25:17 UTC
Fourth Place
[Release] It is finally here! Zebra version 1.0!
posted by xTheMaster3x on /jailbreak
Click here to view the post. ● 326 Upvotes ● 3 reward(s). ● 1 silver reward(s), 1 gold reward(s) and 1 platinum reward(s) ● Posted: 01/01/2020 at 17:28:46 UTC
Fifth Place
Dad off to fight fires in NSW.
posted by meehaulahoolahine on /pics
Click here to view the post. ● 87,107 Upvotes ● 3 reward(s). ● 1 silver reward(s), 1 gold reward(s) and 1 platinum reward(s) ● Posted: 01/01/2020 at 06:40:41 UTC

Most Gilded Comments of the Day

IMPORTANT NOTE: This section may be not be accurate as it is under development.
First Place
\"You cant tell me what to do\" `_He says with loud and pronounced breaths, he feels as his three ching gather moisture, the smell of cheetos rolling down his chins, accompanied by the green tint of mountain dew._` \"I will show them, ill show them what i think of their PC character!\" `_He pronounces loudly, his voice echoing through the walls in his moms basement, stoped by the seemingly endless bottles filled with liquids, and the cabinets of jars and ponies._` _Somewhere in the overworld, where **normies** dwell, a muffled cry of his mother as she rethinks the choices she made for him to be here._ `_He gets up from his double sized chair, the workings and spring for adjusting the height creak and shiver, the sound of something snapping remembers him to ask mom for another one._ ` \"Aw damnit, the second one this week!\" `_He waddles towards the boxes beside his bed, the sound of moist cardboard hitting the ground, he digs, his grubby hands flailing to grab something amidst the sea of thrash, but he succeeds._ ` \"I may be a bit dusty but ill show them.\" ` _He pulls out his wacom tablet, not the finest machinery but itll do its job, he treks back to his seat, connecting it all and booting up paint tool sai, the computer trembles as he sits back down and connects the tablet._` \"Ill fucking show them.\"
posted by DoomCogs on /Cringetopia
Click here to view the post. ● 1,800 Upvotes ● 3 reward(s). ● 1 silver reward(s), 1 gold reward(s) and 1 platinum reward(s) ● Posted: 01/01/2020 at 19:27:31 UTC
Second Place
You all are very kind. I remember that post well, like it was yesterday. The site was just a side project, but you all had different plans. It’s been quite a ride. Still so much to do - I feel like the site is about 10% of what I’d like it to be.
posted by pcpartpicker on /buildapc
Click here to view the post. ● 8,450 Upvotes ● 3 reward(s). ● 1 silver reward(s), 1 gold reward(s) and 1 platinum reward(s) ● Posted: 01/01/2020 at 02:07:58 UTC
Third Place
Cool. I joined this community to ban people like you.
posted by -Ph03niX- on /vaxxhappened
Click here to view the post. ● 10 Upvotes ● 2 reward(s). ● 1 silver reward(s), 1 gold reward(s) and 0 platinum reward(s) ● Posted: 31/12/2019 at 18:35:37 UTC
Fourth Place
Mandalorian armor
posted by NotCreativeWithNamez on /AskReddit
Click here to view the post. ● 8,698 Upvotes ● 2 reward(s). ● 1 silver reward(s), 1 gold reward(s) and 0 platinum reward(s) ● Posted: 01/01/2020 at 17:30:28 UTC
Fifth Place
You literally stole my exact same post with the exact same title on the exact same subreddit [here](https://www.reddit.com/trashy/comments/bjbvip/throwing_the_community_electric_scooters_into_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
posted by iGrantastic on /trashy
Click here to view the post. ● 217 Upvotes ● 2 reward(s). ● 1 silver reward(s), 1 gold reward(s) and 0 platinum reward(s) ● Posted: 01/01/2020 at 22:40:20 UTC
submitted by TopOfTheBot to TopOfThe [link] [comments]

For all the newbies here: Relax, you are an early adopter, never 'panic-sell', corrections like this one are a good entry point of for 'Dollar Cost Averaging'. And no, Korea didn't just "ban" Bitcoin.

It is always a good time to buy (the real Bitcoin, not Bcash), we are NOT in a "bubble" (fiat is the real bubble), the answer is: Buy now, always Hodl in FUD times (Bitcoin has "died" many times, but Moneybadger don't care, buy the dips and never panic-sell, stuff like: "China/Korea ban Bitcoin...again!" will keep happening again and again.
Stick to the real Bitcoin through all the 'forks' and 'splits' that accomplish nothing but new mediocre, unsafe and centralized altcoins, strengthen/immunize Bitcoin and give you free altcoins to buy more Bitcoin.
All Central Powers look silly trying to control or ban it. Learn from history and listen to this absolute Boss. There will never be enough Bitcoin for every existing millionaire to own just ONE SINGLE BITCOIN, Total number of millionaires (in USD value) worldwide is around 33 million. BTC is the best money.
Also relax, you are actually an early adopter, BTC is still relatively small, mentally prepare yourself for healthy and expected market volatility/dips/corrections/"crashes" (check out this amazing 'Corrections Trends Perspective') and remember all this:
Follow this basic rules of Bitcoin:
It is always a good time to buy Bitcoin if you are hodling long term and not just for day trading, so this is a great strategy. Remember that Bitcoin has practically been up most of the time, and the road to the moon is paved with minor corrections (Bitcoin is never really "down" when you zoom-out).
Everybody parroting: "The bitcoin bubble is about to pop, not linear.
When they bring up the "2000 Dotcom Bubble collapse", tell them: I hope so! Look at these past decentralized/disruptive tech adoption "bubbles". Hyperbitcoinization is coming.
So is not farfetched to say that it will be at 100,000 by 2020, since it came from less than $1 to $5,000 in less than 10 years, and it hasn't even hit the bottom part of the exponential 'S-Curve' of adoption. Check out this great 2017 MIT study: "The Cryptocurrency Market Is Growing Exponentially". Patience pays, don't listen to most "Expert Analysts" or MSM".
Bitcoin is a Moneybadger that get's stronger and immunized with every new attack and this broad picture of its price since infancy (1 year candles on a logarithmic scale) shows Bitcoin growth is not a "bubble" but it's exponential (bigger "bubbles" every time), this old logarithmic scale has been accurate so far, as well as analysts like Wall Street strategist Tom Lee by using Metcalfe's Law: "The value of a telecommunications network is proportional to the square of the number of connected users of the system (n2)" wiki-link. He explains it clearer here.
Learn the difference between Inflation (dollar) and Deflation (Bitcoin) and just take a look at the fiat >20 trillion (and growing fast) debt clock to get a visual shock of unlimited fiat supply (vs limited Bitcoin/Gold supply). BTC is secured by the laws of the Universe.
Bitcoin has outperformed every other currency, commodity, stock and asset since its inception in 2009. Bitcoin, the Moneybadger, is the first unseizable store of value in human history, unlike gold, equities, or fiat, it can't be confiscated if stored correctly. How banks think blockchain will disrupt their industry. Check out these Bitcoin Economy and Bitcoin Transaction infographics.
Also, remember its fixed, limited supply of 21 million coins ever, there are just ~4.5 million (~20%) bitcoins left to be mined till 2140 and the production will keep decreasing ("halving") every 4 years till then. So, remember this and don't wait for the Bitcoin "bubble" to burst or for the price to drop significantly again, because you could be waiting forever:
“The best time to buy bitcoin was in 2009...”.
Don't be -- this guy
Edit: Stay away from fake "Bitcoin" stuff like "btc", "Bitcoin".com (Bitcoin.org is the legit site), Bcash ("Bitcoin" Cash/BCH), "Bitcoin" Gold, etc.
submitted by domelane to Bitcoin [link] [comments]

Winner Thread #28

This is an edit for 02/27/2017 at 3:35 pm eastern time USA. The total amount between Google wallet $470.88, PayPal $1,655.46 , Bitcoin 0.25314 or $301.76 usd, Doge-coin 45,001.00 or $9.67 usd and Lite-coin 0.300 I did not do the math for this one. The total so far is $2447.77 usd. Thank you so much this will really help.
I was watching the drawing for a minute or two then I got board so I started looking at YouTube Aquachigger videos he is a good guy and then I got an orange envelope. My eyes have been messing with me for a few months so I haven't been as active as I like to be but I still scan all and my front page everyday. I didn't think I would win the MillionaireMakers drawing but I have watched it from the beginning and thought it is an ingenious concept that has turned into a reality. I abandoned Diggdotcom about 8 years ago and have seen some of the bad thing that were happening over at digg come to reddit but I don't think MillionaireMakers could have happened over there.
About me and the things I will do with the funding from this drawing. So at this point in my life I have become a burden to my S/O and unable to work. I will be paying medical bills and helping with the grocery's. If you don't or can't donate to me try to do something of value locally to make it a little nicer where you live. Thank you.
This part is written by the mods:
All of the amounts below should result in underthebug receiving about $1 USD
Methods of payment:
Tipbots
Guide Amount Comment this to donate
Dogetip Guide 5000 Doge "+dogetipbot 5000 doge"
Litetip Guide $1 "+litetip $1"
Cryptocurrency transfer
Guide Amount Address QR Code
Bitcoin Guide 0.001 BTC 37pmpPQAQsCnaM1eunxFHZb7vykvip44Dr http://i.imgur.com/jwvfjzF.png
Dogecoin Guide 5000 Doge 9u7adZj7gDQJ2coTz4D5qPb9ipewdCusq7 http://i.imgur.com/H3afoRE.png
Litecoin Guide 0.3 LTC 3QBjoGdHMnWPk3Dih3kxbXvhGofSURb3Hz http://i.imgur.com/DrTzICp.png
Cash transfer
Guide Amount Address
PayPal Guide $1.40 [email protected]
Google Wallet Guide $1 [email protected]
submitted by underthebug to millionairemakers [link] [comments]

Subreddit Stats: cryptocurrencymemes top posts from 2018-12-31 to 2019-12-30 21:54 PDT

Period: 364.37 days
Submissions Comments
Total 1000 3412
Rate (per day) 2.74 9.34
Unique Redditors 354 1081
Combined Score 35766 8616

Top Submitters' Top Submissions

  1. 6640 points, 167 submissions: jaggedsoft
    1. relatable (207 points, 11 comments)
    2. I like guys who take big risks 😨 (137 points, 7 comments)
    3. Altseason (129 points, 8 comments)
    4. Shoulda took the money (124 points, 6 comments)
    5. Time travel ⌛ (122 points, 14 comments)
    6. i read the whitepaper 📰 (118 points, 5 comments)
    7. You never know what someone is going through (110 points, 10 comments)
    8. next alt season 🦖💥 (108 points, 7 comments)
    9. Wake up call 📞😱🔊 (106 points, 1 comment)
    10. Now that's what I'm talking about 😇 (103 points, 4 comments)
  2. 2877 points, 104 submissions: definitelynotdeleted
    1. I bought bitcoin for 20,000 and sold for $ 3000 (114 points, 5 comments)
    2. 18+ (89 points, 7 comments)
    3. Binance lottery ))) (83 points, 15 comments)
    4. BTC Dominance: 62.0% (71 points, 3 comments)
    5. BTC Dominance: 65.3% (65 points, 6 comments)
    6. Keanu won’t give you bad advice😉 (62 points, 4 comments)
    7. BTC Dominance: 69.2% (60 points, 3 comments)
    8. BTC Dominance: 70.1% (59 points, 15 comments)
    9. Bitcoin 11000$ (59 points, 2 comments)
    10. My deposit... (55 points, 4 comments)
  3. 983 points, 16 submissions: Frix13
    1. How DARE you :D (128 points, 12 comments)
    2. Nothing can scare us anymore! 💪 😎 (121 points, 8 comments)
    3. How I imagine most of us 😅 👊 (110 points, 9 comments)
    4. Do you have the same problem? 😅 💸 🚀 (107 points, 8 comments)
    5. Just HODL guys!!! 😆 (96 points, 14 comments)
    6. Every Crypto Facebook group right now :D (85 points, 2 comments)
    7. When Moon??? 🚀 (75 points, 6 comments)
    8. Im certainly not in it for the profits, that's for sure :'D (58 points, 10 comments)
    9. What is this "profits" you speak of?! 📈 (54 points, 4 comments)
    10. Don't miss the train, Bull-market here we come!!! 😂 (45 points, 3 comments)
  4. 922 points, 23 submissions: hodlorcrypt
    1. Disgusting (95 points, 65 comments)
    2. You have been visited by the nice duck (94 points, 66 comments)
    3. Point Break: Crypto Edition (83 points, 0 comments)
    4. My alts' sats whenever BTC spikes (77 points, 7 comments)
    5. Sweet, sweet airdrops (75 points, 0 comments)
    6. Shots fired (60 points, 11 comments)
    7. Trying to laugh away the pain (54 points, 2 comments)
    8. Lookin' for some lovin' (50 points, 3 comments)
    9. Marilyn Cryptoe (50 points, 4 comments)
    10. Me rollin' up to alt season (50 points, 8 comments)
  5. 746 points, 31 submissions: cryptoparody
    1. Current mood in crypto (77 points, 2 comments)
    2. Binance to block US 🇺🇸 users! (75 points, 10 comments)
    3. When Bitcoin went over $9k 💪 (54 points, 8 comments)
    4. Who wants to be a millionaire? (49 points, 7 comments)
    5. Crypto pump and dumps 🤑😵 (45 points, 3 comments)
    6. How we all feeling? (43 points, 6 comments)
    7. Throwback Thursday to 2017 💸😱 (32 points, 0 comments)
    8. The struggle is real in crypto (29 points, 6 comments)
    9. Tough road ahead for Libra 🤣 (29 points, 6 comments)
    10. They hate what they can’t control. Top 10 banks got fined a combined $174 billion for violations — dwarfing the MC of Bitcoin (27 points, 1 comment)
  6. 726 points, 21 submissions: cooriah
    1. Get out of fiat. (72 points, 2 comments)
    2. Told ya so. (72 points, 24 comments)
    3. Current financial situation (62 points, 8 comments)
    4. When someone asks for financial advice and you tell them about Bitcoin. (60 points, 4 comments)
    5. There will always be new people coming in with questions. (50 points, 16 comments)
    6. Feeling every dip after buying at the last peak. (47 points, 2 comments)
    7. Oh, it's such sweet trolling to say it back at the same smug, fiat statists. (43 points, 4 comments)
    8. If I had $267,000,000, I'd keep it on the blockchain. I would not trust any fiat bank to hold it for me. (40 points, 16 comments)
    9. Saying crypto is too slow and difficult for mass adoption is just like when they said nobody will carry a "cinder block" mobile phone around everywhere, and with that low battery capacity. (38 points, 6 comments)
    10. ♪Thats the way, a-huh a-huh, I like it, a-huh a-huh. ♫ (38 points, 3 comments)
  7. 701 points, 11 submissions: resonantseed
    1. No pain, time for gains (128 points, 8 comments)
    2. Getting help as crypto noob (106 points, 17 comments)
    3. Alts today (100 points, 11 comments)
    4. EOS birth of an ecosystem (77 points, 4 comments)
    5. Being at party with no crypto people (74 points, 9 comments)
    6. Thy holiness giveth and taketh (51 points, 2 comments)
    7. Asking shills legitimate questions (44 points, 1 comment)
    8. How it feels every time I get more crypto (41 points, 1 comment)
    9. Clutch your coins tight (34 points, 5 comments)
    10. Holding heavy alt bags (24 points, 1 comment)
  8. 654 points, 12 submissions: minecoins247365
    1. Dollar Cost Averaging into Crypto Right Now (190 points, 20 comments)
    2. How It Feels To Hold Altcoins Right Now (159 points, 18 comments)
    3. Altcoins Right Now... (70 points, 10 comments)
    4. my crypto bags right now (68 points, 6 comments)
    5. How the US Copyright Office Filed the #Faketoshi Application (52 points, 4 comments)
    6. Countdown to Altcoin Season Like... (42 points, 11 comments)
    7. Every time Craig Wright claims to be Satoshi Nakamoto (21 points, 2 comments)
    8. TFW buying $BCHABC $BCHSV $BTG (14 points, 0 comments)
    9. When Google Knows You're Drunk And Want Bitcoin (12 points, 0 comments)
    10. ...Then You Win (11 points, 1 comment)
  9. 593 points, 15 submissions: nathanielx9
    1. Found this yesterday and thought this was funny (102 points, 5 comments)
    2. Happy Valentines Day Everyone (84 points, 4 comments)
    3. Here we go again... (73 points, 5 comments)
    4. When you decide to start day trading in a bear market (70 points, 3 comments)
    5. All I want is Ramen :/ (46 points, 2 comments)
    6. Time to reuse our 2017 memes? (40 points, 2 comments)
    7. Oof (39 points, 2 comments)
    8. Shitcoin communities be like (36 points, 3 comments)
    9. Too soon? (25 points, 5 comments)
    10. Take money from banks. Deploy the fud. Take all back (21 points, 0 comments)
  10. 472 points, 17 submissions: RideYourChart
    1. Whales (68 points, 4 comments)
    2. “Fear Of Missing Out” (67 points, 6 comments)
    3. You here also because of "technology"? (65 points, 3 comments)
    4. Paid Groups (55 points, 2 comments)
    5. "it's just correction, bro" (50 points, 2 comments)
    6. Bottom again (44 points, 3 comments)
    7. This time will be x100 for sure (18 points, 0 comments)
    8. Bitcoin in last hours: (16 points, 1 comment)
    9. Initial Exchange Offering (IEO) (16 points, 0 comments)
    10. Stop Loss (13 points, 4 comments)

Top Commenters

  1. jaggedsoft (569 points, 194 comments)
  2. Thefriendlyfaceplant (161 points, 37 comments)
  3. MD5HashBrowns (118 points, 36 comments)
  4. cryptoparody (108 points, 38 comments)
  5. parakite (83 points, 37 comments)
  6. snoop_Odin (83 points, 25 comments)
  7. nathanielx9 (81 points, 29 comments)
  8. NOWPayments (74 points, 34 comments)
  9. coinminingrig (71 points, 24 comments)
  10. ChangeNow_io (70 points, 32 comments)

Top Submissions

  1. relatable by jaggedsoft (207 points, 11 comments)
  2. Dollar Cost Averaging into Crypto Right Now by minecoins247365 (190 points, 20 comments)
  3. When you buy Bitcoin at 19K by rewardstoken (181 points, 23 comments)
  4. How It Feels To Hold Altcoins Right Now by minecoins247365 (159 points, 18 comments)
  5. You gotta believe me! by gabi9900 (155 points, 8 comments)
  6. I’ve seen some shit by ZipZapBeepBoop (154 points, 10 comments)
  7. Yup. by diegojoke88 (151 points, 15 comments)
  8. I think this meme deserved a repost by NinjaDK (145 points, 7 comments)
  9. USD vs Bitcoin by coinvvolf (139 points, 9 comments)
  10. I like guys who take big risks 😨 by jaggedsoft (137 points, 7 comments)

Top Comments

  1. 31 points: T1Pimp's comment in Time travel ⌛
  2. 28 points: Iron0ne's comment in Stock trader vs crypto HODLer
  3. 24 points: yeahnoworriesmate's comment in You have been visited by the nice duck
  4. 23 points: Pr1max91's comment in Shoulda took the money
  5. 21 points: Gforcetuga's comment in Member when ____ happened in crypto? (fill in the gap)
  6. 19 points: I_Like_Tech_Drawings's comment in Dollar Cost Averaging into Crypto Right Now
  7. 18 points: Skoopitup's comment in Dollar Cost Averaging into Crypto Right Now
  8. 18 points: Thefriendlyfaceplant's comment in Yup.
  9. 18 points: kokomeows's comment in Me rollin' up to alt season
  10. 17 points: Citizen52's comment in relatable
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

r/Bitcoin recap - September 2019

Hi Bitcoiners!
I’m back with the 33rd monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in September 2019
Adoption
Development
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Bitcoin Millionaire Scam BITCOIN MILLONAIRE Erfahrungen 2020 - Betrug Oder Seriöse Software Millionär mit 27: So wurde er reich!  Was macht Geld mit ... Bitcoins Millionaire - YouTube Bitcoin Millionaire - from $1000 to $1,000,000

Diese Schlagzeilen machten vor kurzem die Runde. Norweger wird mit Bitcoin zum Millionär. Kristoffer Koch, Student aus Norwegen entdeckte im Jahr 2009 die damals noc Bitcoin Ilia Nikolaev-Donnerstag, 27.02.2020 Bitcoin hat bereits jetzt schon Geschichte geschrieben. Die herausragende Entstehungsgeschichte, die charakteristischen Eigenschaften, so wie die Kurs-Entwicklung der letzten Jahre sprechen für sich. Four years ago, Oslo-man Christopher Koch's girlfriend scoffed at his purchase of $27-worth of Bitcoin. Chances are she was singing a decidedly different tune last April, when Koch checked back in ... Now a Bitcoin Millionaire With over $800K sitting in his account, Koch traded one-fifth of his total purchase and bought himself an apartment in Toyen, a posh area in Oslo. In 2017, if he still has his remaining 4000 Bitcoins, Christopher Koch Net Worth would now be over $25 million. Bitcoin Billionaire ist ein einziger Betrug, dessen Ziel darin besteht, Geld aus Ihnen herauszulocken. Wir sagen klar und deutlich: Finger weg! Wir sagen klar und deutlich: Finger weg! Falls Sie sich tatsächlich einmal im Bitcoin-Handel oder im Handel mit anderen Kryptowährungen versuchen möchten, sollten Sie damit auf einem Demokonto bei einem regulierten Broker beginnen.

[index] [42215] [1664] [13187] [19849] [25316] [43304] [38931] [28378] [26477] [26162]

Bitcoin Millionaire Scam

Bitcoin Millionär Handelskapital zur Verfügung hat, um Trades für Sie zu machen. Denken Sie daran, dass dieses Geld Ihnen gehört und es kann jederzeit mit Ihren Gewinnen, stressfrei, abgezogen ... Blockchain Dude is an infographic youtube channel about crypto currencies and blockchain technology. In this episode of Blockchain Dude the TOP 3 biggest winners in Bitcoin. Peter Saddington Erik ... After $100,000 bitcoin score, 15-year-old creates startup - Duration: 3:27. ... How did people become Bitcoin Millionaires TOP 5 Bitcoin Millionaires - Duration: 2:56. All 4 One 48,028 views. 2 ... 27:23. The 1 Bitcoin Show- Experimentation beats stagnation! Dissenter! Altcoins, Cryptopia, adoption by BitcoinMeister. 34:25. Bitcoin, kryptowaluty i blockchain - wiadomości z 4 marca by ... Bitcoin Millionaire is defin... Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next video is ...

#