Bitcoin Bank: Erfahrungen, Test und was aus 300€ wurde
Wie funktioniert Bitcoin? - Bitcoin
Bitcoin - The Currency of the Internet
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.
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This is Why PayPal Won't Let It's 346 Million Users Send and Receive Bitcoin
Many of us rejoiced at the news that PayPal will soon let its 346 million users buy and sell Bitcoin. But the joy was short-lived after it became apparent they were not going to let people withdraw and send Bitcoins purchased on PayPal to other people. I mean, what the heck is that? https://i.redd.it/kncmj0q5cmv51.gif But think again? What would happen to the Bitcoin network if PayPal suddenly exposed millions of users all at the same nice. Your guess is as good as mine, Bitcoin transactions would probably take days to settle and that isn't good for all of us. If you're tried transacting with Bitcoin in the past few days, you'll understand its already taking long for transactions to settle. And mind you, we're still at $13k price. What will happen when we see $20k, $50k or $100k? The Point? Bitcoin isn't ready for the PayPal effect and PayPal knows this. In fact, they're being friends of Bitcoin by not enabling send and receive at this point. Therefore, instead of whining about PayPal, we should be happy about the good PR their adoption gave to Bitcoin and the millions that will probably be buying Bitcoin for the first time via their platform.
Do not let perfect be an enemy of good
The focus should now be on getting bitcoin ready for mass adoption
Let’s go boys, have a feeling that the 2017 bull run is going to look like child’s play due to the uncertain global situation, PayPals big news, and recent halving. Be on the lookout for other payment processors adopting similar strats as the market leader (PayPal) leads the way. All panning out to explode bitcoin. I actually went to the fucking zoo today, only saw bears, let’s keep them in those cages. #bullsontheloose
Congratulations to all the bitcoin hodlers. We held through the bear market. We held through the corona dump. Now first time closing weekly candle above 12k since all time high!! GREAT JOB!! BITCOIN FOREVER!!💥💥✌
I have bought bitcoin every day for the past 4 years - my journey buying wise is done
Tonight I hit my goal I wanted from the get go. I am more than comfortable with the position, and its locked away for my kids in cold storage. Literally every day didn't miss one. It taught me discipline and experiencing highs and lows. I won't even think about selling till 2028 at the earliest but hopefully if my job holds up and other investments do okay, i wont even have to sell the treasure that is bitcoin. Enjoy the journey, ill sit back and watch now for a bit.
Do you think that Bitcoin is a legit investment now that Square and PayPal seem to be promoting its mass adoption?
I made a topic on this last week, but it was removed as I made some incorrect statements.
I thought Fidelity was recommending allocating 5% of one's portfolio in bitcoin. But it turns out that a subsidiary of Fidelity, (fidelity digital assets) wrote an article recommending "considering the implications of holding 5% in bitcoin."
PayPal/Venmo hasn't fully rolled out bitcoin purchasing yet, but will sometime in 2021.
After seven years in Bitcoin, I have never been more confident that this network is now absolutely unstoppable. Nothing short of an extinction level event can stop Bitcoin from slowly but surely growing as a global, agnostic, alternative network for storing and transferring value.
Back in 2013 when the entire market cap hit $1 Billion for the first time, it was really scary to put a considerable amount of money in BTC. You might like Bitcoin and find it interesting but doubt would still creep up in your mind about its staying power and the fact that one bug could bring it all down. Mt. Gox got hacked, 800,000 BTC stolen, it crashed from $1200 to $190 by 2015, so how do you even believe that 5 years later it would be a sustained $200+ billion market? Yet here we are. As long as the Bitcoin blockchain is churning out new blocks of unstoppable transactions, that's all that matters. Naysayers don't understand that this is all Bitcoin needs to do: Churn out new blocks every ten minutes. And with every new block, a monumental amount of energy and work is stacked on top of the previous block, and so on, and so forth, making it stronger. At 99.98% uptime for 11 years, it's sticky enough to now last much longer than that. This network will be transferring and storing trillions of dollars within this decade and beyond.
Hey guys After many hours over the phone to my banks, dictating why i couldn't, shouldn't, buy any bitcoin with my money and constantly refusing to withdraw my money from my banks - I had a realization. Yes that's right, I have now instead of taking 20% of my money to withdraw I have withdrew 95% of my money and moved all of it into bitcoin and I feel better for it. Banks offered no help to the people during covid so i am moving my money into this instead, they aren't having my money. EDIT ( This is a little edit for how popular this post has become and I thank you for all your comments and advice for me I really appreciate it. But please if there is anything you can take from this post please take this; 2020 we have already lost 20% value of fiat printing and if you never invested that year from the crash you have lost another 30%, Plus every year since the housing crash (2008) fiat lost around 7% a year (Check s&p 500 growth during that time) also apparently 2021 and beyond it is speculated we will lose 10%+ a year on fiat currency. how many families are getting screwed who are too busy needing to work and feed their babies, never knowing this information. I feel sick
Expect a massive bull run today. I’m buying a house with Bitcoin. Also, expect a crash in the housing market.
The seller’s realtor was skeptical that it was legitimate money because my proof of origin of funds was from a crypto exchange Edit: Sorry I disappeared, I was buying a house! it is an investment property less than 50 miles away (and I’m not selling my home), and I’m retired so I couldn’t get a mortgage (you qualify by debt to income ratio only, assets don’t count for investment property apparently). I found out the day before closing. So I had to sell some precious bitcoin to pay cash. So yes, now I will have to pay taxes on my BTC gains, in addition to all the other taxes. Theoretically however, even if I straight up purchased with BTC, I would still have an obligation to pay taxes on the gains.
SQ - Square invests 1% of the company's assets into Bitcoin. $50 million dollars
Ticker SQ Payments company Square has invested $50 million into Bitcoin, according to an announcement today. It has bought 4,709 Bitcoin, with one percent of the company's assets.
“We believe that Bitcoin has the potential to be a more ubiquitous currency in the future,” said Square’s chief financial officer, Amrita Ahuja. “As it grows in adoption, we intend to learn and participate in a disciplined way. For a company that is building products based on a more inclusive future, this investment is a step on that journey.”
Square is owned by Jack Dorsey, the CEO of Twitter (and enthusiastic Bitcoin advocate). Square also owns CashApp, which has been offering Bitcoin for some time now. Dorsey has previously said that he regularly maxes out the weekly Bitcoin buy limits on CashApp. Square has been investing in crypto for some time. It set up Square Crypto in March 2019 to support the development of the Bitcoin network. It has handed out a number of grants to Bitcoin developers and companies working in the space. This investment follows business intelligence firm MicroStrategy buying $200 million of Bitcoin as an investment, before buying another $175 million of Bitcoin. source https://decrypt.co/44319/square-invests-50-million-in-bitcoin?utm_source=reddit&utm_medium=social&utm_campaign=sm
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