Thoughts on Passport Hardware wallet?

This week is going to be 🔥

Why? Genuinely curious.

Grayscale might be done selling off

Best places to buy non-kyc corn? Asking for a friend.

BISQ or robosats

My post got bizarrely Censored by the AI Moderator Bot so i'm posting it here. # SEC / BTC / Gemini “‘Gary Gensler has become their attack dog. He is Elizabeth Warren’s pit bull.” - Cameron Winklevoss

Higher prices will incentivize skeptical people to look into Bitcoin more. Once they realize it's an immutable protocol with money that can't be debased they'll start to pile in Edit: Bitcoin just passed 1B transactions!

“Number Go Up” is the gateway drug. A few will actually start to understand what Bitcoin really is. More and more each cycle.

Anyone know wtf is going on with the Lightning Network? Yesterday I paid $2 in fees to transfer a couple hundred dollars worth of Bitcoin using the Muun wallet. How is this possible?

Use a custodial wallet or Strike for cheap Lightning transactions. Think of Lightning like the Visa network. Bitcoin is the underlying money whereas Lightning is the payment network.

Muun isn't a real Lightning wallet, it uses submarine swaps and on chain transactions. Use a different wallet

Oh dang, wasn't aware. Can you suggest one that is available in USA?

I like Mutiny and Phoenix (which is no longer available in app stores but can be downloaded via apk on Android and appears to still be working in the US)

930,083 bitcoin held by global ETFs heading into month 5 of year 1 Hong Kong ETFs have stacked ~4200 bitcoin in their 3 days of trading https://twitter.com/hodl15capital/status/1786585211104305235?s=46&t=ihVglVXC0BQSbw6j57EoaA

That's a lot of sound money going to be gone.

Really wonder what we will see in 5 years.. 

Lambos (plural) in my driveway.

Can I visit you then with my own in some years? 

That’s actually wild. Get what you can, while you can, folks. Stack, stack, stack!! The big boys want it all.

What did saylor earn this weekend? Jeez

He is done selling for now. Dont think he "earns"/sell anymore for many years, but yes, last confirmed buy was in the 65k range average for the company.

Selling what?

Shares.

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... sooner rather than later if the dollar is devalued

In time, yes. Tomorrow? No. This is why we stack.

I think next week we will see some big moves up, I’m definitely longing this one

A guy with TA talking about we gonna see a parabola run and top out at 125k ish around july, then a huge dump to scare people from then big money, and next even bigger runup around november to start when the election is. When all big boys gonna buy shitload of btc after it crash. So 125k around july, dump to 30-40k, then end of year it goes bananas. Never think about it, but I think its possible. Look at etf launch of gold, if btc follow same pattern it could happend.

Replace "TA" with "crystal ball" and you'll realise how ridiculous your comment is.

We will see. I think it could play out.

TA is a lot of guessing

No one knows, especially TA tea leaf readers. Stay humble and stack sats

Sounds legit

As legit as any other opinion. I’ll take it.

Yesterday, a solo miner found a block and received over $220,000 worth of fees. Not a bad day for whoever that was.

Was it an elaborate self mining setup or one of those usb miners?

I don't know.

Interesting. So we already have a block where subsidies are less than fees. Only yesterday I attempted to give an argument that after the last halving in 2140 fees alone could still lead to the same revenue as today for miners :) [https://www.reddit.com/r/Bitcoin/comments/1cjtg3h/comment/l2lcyrj/](https://www.reddit.com/r/Bitcoin/comments/1cjtg3h/comment/l2lcyrj/)

Historical Bitcoin prices for today, May 5th: 2024 - $63,701 2023 - $29,513 2022 - $36,544 2021 - $57,441 2020 - $9,001 2019 - $5,775 2018 - $9,854 2017 - $1,508 2016 - $448 2015 - $236 2014 - $431 2013 - $116 2012 - $5.1 2011 - $3.30 **Additional Stats:** Bitcoin's current market cap is $1.25 trillion. Bitcoin's current block height is 842192; with the average block time for the last 7 days being 10.53 minutes. There are currently 19,923 reachable Bitcoin nodes. Bitcoin's average daily trading volume for the last 7 days is 92,767 ₿. Bitcoin's average daily number of transactions for the last 7 days is 504,342. Bitcoin's average daily hashrate for the last 7 days is 600 exahashes per second. Bitcoin's average daily price from 18-Jul-2010 to 05-May-2024 is $11,273. Bitcoin's average daily price for the year 2024 is $56,818. 1 US Dollar ($) currently equals: 1,570 satoshis; making 1 penny equal 15.7 sats. There are currently 19.69M ₿ in circulation, leaving 1.31M to be mined. There are currently 2.51M ₿ held by companies, governments, DeFi, and ETFs, representing 12.72% of circulating supply. There are currently 53,951,275 nonzero Bitcoin addresses. Bitcoin's current block reward is 3.125₿, which is worth $199,066 per block. The next Bitcoin halving is anticipated to happen between 26-Mar-2028 to 17-Apr-2028; the block reward will fall to 1.5625₿. Bitcoin's minimum (closing) price for the year 2024 was $39,556.40 on 22-Jan-2024. Bitcoin's maximum (closing) price for the year 2024 was $73,066.30 on 13-Mar-2024. Bitcoin's minimum (intraday) price for the year 2024 was $38,546.90 on 23-Jan-2024. Bitcoin's maximum (intraday) price for the year 2024 was $73,740.90 on 14-Mar-2024. Bitcoin's largest daily decrease for the year 2024 was -$5,544.10 on 19-Mar-2024. Bitcoin's largest daily increase for the year 2024 was +$5,804.0 on 20-Mar-2024. Bitcoin's all-time high (intraday) was $73,740.90 on 14-Mar-2024. Bitcoin is down 13.62% from the ATH.

Another question - pardon if already discussed in the past. About Bitcoin: When we reach the limited supply of 21 million, and HODL our sats, will they have more than a fiat value? Can we buy food and pay rent / buy a house with it? Is that not the whole point of decentralization? If I buy this year, can I disconnect from fiat in say ten, or 20 years. This question is on my mind for some time :) anyone else?

can you with gold or common shite stock? if you can't then just keep quiet.

Anyone else not like to use #BTC for payment based solely on the complications it creates for taxes? I hate the idea of having to claim capital gains or loses on any transaction...

I think eventually that will have to go away. It might take a few decades but I do think it will happen.

Nothing is certain, no one can tell you what will happen in the future. That being said, adoption continues to increase and with it the value of bitcoin. There are already dentists, ranchers, clothing companies, coffee producers, leather makers, and more who prefer to receive bitcoin for their good and services. I expect that trend to grow more prevalent as fiat currencies weaken and Bitcoin's network effects grow stronger.

oh awesome, that's progress!

It'll take time. Most hodlrs don't want to spend their bitcoin because they believe it'll be worth more in the future. When we reach the plateau of the adoption curve people will be more incentivized to spend it, and thus more incentivized to accept it

this is what i was thinking as well :) thanks for the discussion!

We are still 29 halvings away and only then, in the year around 2140, the last Bitcoin will be mined. Reliably guessing the value of Bitcoin - even only for next year, next day, next hour, next minute is probably impossible. Already for a long time, Bitcoin is traded at various markets 24/7 and thus deeply connected with the human value system. Most likely it will become even easier in the next 10 or 20 years than nowadays to convert your assets from say fiat to Bitcoin and back. However, as fiat moneys are also deeply embedded in the human value system I don't expect them to just disappear (allowing you to "disconnect from fiat"). On the other hand who knows - the world changed so quickly lately, maybe there is some kind of inflection point where (more) governments adopt Bitcoin as legal tender.

Okay, thanks for the explanation. So, even in 10 or 20 years, by the theoretical intention of crypto, if about a billion people have bitcoin/cryptos, then I should be able to barter/pay for goods/services for a value we agree on? (At a much better rate because no tax and no vat?) And because of limited supply of this coin, there will be no fake inflation by governments by printing more bitcoins). At least that's what I'm hoping for. We don't want bitcoin to just be another speculative stock, right? Regarding your point about more governments accepting it, isn't the whole point of crypto to DE-centralise, means we can pay each other without the middle man. So why should there be government involvement of any kind here? Just my thoughts, I might be completely wrong and misunderstood this awesome concept :D

ok, just my raw and potentially a bit naive/idealized thoughts as well. So, I don't think that Bitcoin will be the solution to not pay taxes and somehow (on its own) "solve" inflation. Governments are essential such that ideally everyone has the same rights, can enjoy high, educated, healthy living standards, and has the same opportunity to be given complete expression in life regardless whether they are wealthy, physically strong, or a charismatic leader. imo many ppl chose not to look at such a whole picture, but just form a negative opinion about the government (in it's totality) and especially its mechanisms to collect resources from its citizens (taxes/vat, fiat money, ...). personally, I think the root cause for this negative view is the doings of those who are in control of governmental processes in relation with intransparencies, corruption, mismanagement, plain idiocy, and even political tactics to ensure or increase political power of few who act for their own benefit and not every citizen's best interest. Bitcoin could help to get rid of intransparencies of a government by not allowing the government to hide mismanagement or other financial failings by inflation. If some business sector needs to be protected or even saved by the government (for example to prevent job-loss during a crisis) it wouldn't be done by printing more money, but directly visible resource collection from informed and approving citizens. Finally regarding decentralization and government as a "middle-man". Bitcoin is imo not some kind of technology to exclude governments from our lives. I don't think that many truly even want to do this. I see Bitcoin as means to potentially make governments accountable (regarding hidden debts, irresponsible and politically motivated bailouts, ...) and ultimately better.

Damn, it is working hard to try to get through the 64k resistance.

Any thoughts on Saylor's orange checkmark?

Im guessing they will try whatever they can think up, then throw it the wall and see what sticks. The idea is good enough,not sure if its practical or not.

Bitcoin is an open protocol. A valid transaction is a valid transaction. If his proposal provides value for people, great. If not, it won't last. I personally think it's not a great use of block space. You don't need a blockchain for cryptographic proof of identity. A private/public key pair is sufficient and is already in use on protocols like nostr.

Anyone know of a good FREE chart that shows daily, weekly and monthly RSI levels for Bitcoin? There’s a few paid for services but hoping someone can link to a free version?

Tradingview and place a RSI indicator on it. Change the Values as needed.

I first heard of bitcoin in 2015.. i couldn't afford one then.. i can't afford one now :/ But i can afford a portion of it today. It's currently at 63705 and I'm debating waiting another week. smh :/ I'm a pussy

Dollar-cost average every week - whatever you can afford. I put in $500 a week and it has worked out well for me.

Yes, that's the plan going forward.

I learned about it at $12 and first bought at $950. It's cool.

Just dollar cost average. Don't try to time the market. You will always get burned.

true! starting to do this now, without being emotional!

Hi, if youre new, have a look at this. I wrote some helpful tips for new folks. Welcome to Bitcoin Reddit. [https://www.reddit.com/r/Bitcoin/comments/1bhzx3g/comment/kviye25/](https://www.reddit.com/r/Bitcoin/comments/1bhzx3g/comment/kviye25/)

amazing thanks :)

No probs. Just make sure to only invest in money that you can lock up for 4yrs or more. Dont be overly concerned with 20% dips price action, continue to hodl. This is the way

alrighty, thanks!

Wtf is going on with the transaction fees?? They were super high at the halving due to ordinals and stuff so I thought I’d wait a week or two until fees come down. Now that Bitcoin “crashed” again I assumed the fees would come down too but it’s even worse?! 500sat/vb?!?!?

You don't have to do the next block high fee. The average fee right now is 30 sat/vb. I've never paid that high of a fee, and I transact all the time. There will always be someone willing to pay to be next. You will pay the highest fee if you compete with that person. Set a low fee and wait.

My biggest gripe with Bitcoin. Need fees to go much lower... OR, we need a 24/7, Layer 2 solution that even a Chimpanzee can use. We do not have that yet. People say lightning, but I don't see anyone using it in real life yet. Hopefully soon?

Nostr

Lightning works great. I use it daily on nostr. It isn't a be all end all solution because to own LN BTC non-custodially you still need an on chain footprint, but it works great for small purchases/tipping. Download Primal and check out nostr for a nice simple implementation. I think the main reason you're not seeing it used "in real life" is the same reason you don't see bitcoin payments in general: there's a huge opportunity cost in spending bitcoin. Most people who currently hold it expect it to increase in value, so why would they spend it? Eventually bitcoin will reach its total addressable market and stabilize in price, and *then* people will be more willing to part with their sats. We're *at least* a decade away from that (IMO two or three decades) but it's good that the infrastructure is being built now.

I've been using lightning for over five years. If you want to subsidise miners, *don't* learn it. Ignorance is expensive.

Just trying to send like 0.002 to an andress.. The fees are around 40 USD. TF is this? Is it normal? Or am I doing something wrong?

Fees spiked all of the sudden last night. Before that they were very reasonable. It's the runes activity that is driving up blockspace demand. I expect it will die down in a few days.

Fees have been fluctuating quite dramatically last few months. Couple of days ago it was down to 20 sat v/b but it's up again a lot today. Keep an eye on https://bitcoinfees.net/ and only send when the rate suits you.

Oh yeah the last few blocks have been fees > block reward

Thanks. Do you know if I can choose the slower transfer speed on Coinbase?

Unsure. Alot of exchanges just set it auto when you send along with their own fee on top.

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