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SocialGrep

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reddit-r-bitcoin-data-for-jun-2022

like 2

1comment

iedx1lm

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voabzo/strike/iedx1lm/

Strike is good.

1comment

iedwx12

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedwx12/

So no one sells stocks or their house either? BTC is no different than other assets that appreciate in value. Financially savvy people generally hold on as long as possible until they need it for something. Financially illiterate people spend as soon as they earn it or even before. Same thing happens now. Assets increasing in value is not new. USD is fungible any dollar spent now could’ve been used to buy appreciating assets and people still spend plenty anyway.

1comment

iedwwl7

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedwwl7/

Simple. Wants are unlimited. Resources are limited. At a certain point, the amount of wants you can fill per satoshi will incentivize you to part with it.

1comment

iedwwav

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohgke/pulse_check_are_you_buying_selling_or_holding/iedwwav/

DCA every Sunday, plus a few impulse buys when the price drops (like today). Haven't sold a single sat since I started in 2019.

1comment

iedww00

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedww00/

Tech is sound, adoption, growth, security, and hashrate are healthy. A lot of speculative money invested, and now is being squeezed back out, and a lot of liquidation happening in all asset classes. Only if and when all of that goes negative and miners and nodes shut off in large amounts very suddenly is there reason to worry. But some people can't afford the risk or unrealized loss so they drop out, and that's OK everyone has their own risk tolerance. Personally I'm not worried, mind you I'm not here for the tech I'm here because the current system is a broken mess and this seems to be the best alternative ever developed. Will it make it and continue to evolve into something capable of being adopted worldwide? We'll see. I can't afford to not opt in because the only thing I'm certain of is sooner or later the current system is going to fail. Might not be this generation but yeah, anyway.

1comment

iedwvpk

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedwvpk/

🤖

1comment

iedwv5d

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedwv5d/

Stupid fucking bot

1comment

iedwuwi

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedwuwi/

I would rather get my paycheck in bitcoin than on usd so I don't need to convert it when I want to save my money. -> I need to pay with bitcoin because I no longer have usd or only little usd for when I can't pay with bitcoin

1comment

iedwuak

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedwuak/

The most annoying bot on Reddit.

1comment

iedwtgb

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedwtgb/

People will buy stuff if they need stuff. When they need food they will buy food. Need a car? Buy a car. People would likely save more and buy less stupid stuff to hoard.

1comment

iedws3f

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedws3f/

they do on bit coin lol

1comment

iedwrwy

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedwrwy/

3. Just spending your USD without touching your Bitcoin assumes you will never want to enjoy the accumulated wellness you have accumulated over the time. One day perhaps you want to go on vacation, buy a house, car, get more education, growth your professional career, help others, go party, buy a company, get a new supercomputer, whatever you want to do and satisfy your needs. Then you have to decide can you do all these with your USD budget only. If your answer is yes, the you have to ask, is that enough or do I want more? The moment you want more you will spend some Bitcoin to get more of what other things you want. No one want to go on life with a string of characters only.

1comment

iedwrae

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedwrae/

Savers end up spending more money anyway compared to reckless non-savers. Again, you are stuck in the fiat mindset. You do not need to spend your money for frivolous things to make "the economy" better. In fact, due to malinvestment which happens during credit expansion, wealth ends up being destroyed, which is what we are seeing right now. Mises, Hayek, even Friedman. Stop listening to Paul Krugman and fucking Samuelson, these people are lying to you.

1comment

iedwr17

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo9egt/would_you_rather_own_bitcoin_outrightly_or/iedwr17/

I believe Closed end funds do fit the GP point about redemption. They hold a specific amount of assets and publish their NAV which you can then compare against the offer price for the fund.

1comment

iedwph5

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo8na0/tell_me_we_have_no_reason_for_btc/iedwph5/

[removed]

1comment

iedwnch

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voizwb/hardware_wallet_for_hodling_till_death/iedwnch/

I use a trezor one and im very happy with it. But the price goes higher recently so maybe a ledger is a cheaper option. Since you are not interested in multisig or coin control and other features related to "use" bitcoin, all you need is a wallet that create a seed offline so you can store it safely and generate addreses for recieving your btc. A ledger is right now the best option since trezor one price increase a few months ago. I dont know if the UI of Ledger is good or not. Trezor UI is very friendly!

1comment

iedwl7j

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedwl7j/

Well if you have money and don't use it, it's actually of no value. You need to give it some use, even if you don't expend it, take a loan against or or something... ​ Imagine that you have a hundred million dollars... But you don't do anything with it, you merely have it... Might as well not have it in that case.

1comment

iedwl66

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo0kv1/buttcoiners_have_been_waiting_since_2018_to_feel/iedwl66/

Reddit sometimes sucks? Idk what you're getting at here bro

1comment

iedwkhn

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedwkhn/

https://endthefud.org/inflation If you have any new counter argument, expose it to the the community

1comment

iedwk9e

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedwk9e/

No, I don't have a childlike understanding of currency.

1comment

iedwjs5

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedwjs5/

There's nothing intrinsic to BTC that it will go "up 10%". It's always measured against something else. You should ask why would dollars go down 10% against BTC. The economics would likely make it obvious: fixed cap currency with growing popularity makes it more scarce and thus more valuable. As to why someone would spend BTC, it would be because everyone has expenses. As to why someone would invest money somewhere else other than BTC, it would be because you think you can get more than 10% return on that money. If you don't think you will make more than 10%, then yes it's better to just hold BTC. Flipped around: why would you buy X stock if they are going to return less than inflation? The answer is fairly obvious. BTC sets a new bar: do better if you want my money.

1comment

iedwis1

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/iedwis1/

No. Market cap is a formula that everyone can basically agree on. Valuation is subjective based on a number of things that can't be quantified. edit: wtf

1comment

iedwh68

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedwh68/

people would spend less, and demand higher value for their money. is that a problem?

1comment

iedwgi5

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/iedwgi5/

oh this has been smelling fishy for a few weeks, gtfo! i wonder though, should we worry about credit card balances with them...

1comment

iedwg4m

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vom29i/cryptocurrency_techs_security_weaknesses_could/iedwg4m/

Similar content has already been submitted several times. Please check the front page of r/Bitcoin and r/Bitcoin/new for previous submissions to help keep repetition to a minimum. You can also try using the search bar. Thank you. ^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions.

1comment

iedwfn8

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo9egt/would_you_rather_own_bitcoin_outrightly_or/iedwfn8/

Sure it does (I mean you're right it's better if you can add a few mainstream coins). A single coin ETF allows direct exposure to the crypto market through non traditionally crypto friendly avenues (eTrade, Ameritrade, Fidelity, UBS, etc.) So even if there was a eBTC and and eETH fund they would absolutely have value to the market.

1comment

iedwf9c

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo9egt/would_you_rather_own_bitcoin_outrightly_or/iedwf9c/

You can't sign a message with an ETF, so I would go with just buying Bitcoin, as usual. There's no need to add intermediaries between me and my Bitcoin. That's the whole point.

1comment

iedwe6l

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voly9r/toilet/iedwe6l/

I want to live like this, but I worry I’ll regret how much that toilet has cost me after 4 years…

1comment

iedwdtt

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vofdhj/right_now_the_us_dollar_is_winning_and_btc_is/iedwdtt/

But gold is a terrible currency. It is almost never used as currency. It's used as a store of value. Sure, on a long enough timeline, the US will no longer exist and the dollar will be gone. But that's not what we're talking about here.

1comment

iedwczx

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedwczx/

⚡️

1comment

iedwbv1

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vn7k2f/daily_discussion_june_29_2022/iedwbv1/

DMT

1comment

iedw9zq

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedw9zq/

This explains it well: https://youtu.be/2pDlaOGA2ac (Bitcoin: Everything divided by 21m)

1comment

iedw93f

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedw93f/

I think countries manipulated the value of their currency prior to the formal removal of the gold standard and it was generally a consequence of both sides spending more than they had available in order to sustain a war effort. There were certainly events such as implementing price controls and then rampant inflation once those controls were removed. Not normal times, certainly.

1comment

iedw8l3

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voltf9/libertarian_party_of_georgia_on_twitter_if_youre/iedw8l3/

I am always with the libertarians on this one. WTH 120 bases and fifty three thousand troops in Japan. Too bad the Libertarian candidate in my state is a republican running under a different party and is a cult45 member.

1comment

iedw88h

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voizwb/hardware_wallet_for_hodling_till_death/iedw88h/

Trezor

1comment

iedw89j

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vofdhj/right_now_the_us_dollar_is_winning_and_btc_is/iedw89j/

>...the **$2 dollar** note...... \> **$** \> **dollar** *Dollar Dollar Bill, Y'all.* --- ^(**This action was performed automatically.**) ^(If you appreciate this comment, please upvote it! If not, please downvote it! I only reply in subs where most users appreciate it.) ^(You can also let me know how I'm doing by replying to this comment with *"*𝘨𝘰𝘰𝘥 𝘣𝘰𝘵*"* or *"*𝘣𝘢𝘥 𝘣𝘰𝘵*"*, especially if you have something specific to mention!) ^(*DDBBot v0.4: Please view the*) [^(*Frequently Asked Questions*)](https://reddit.com/user/DollarDollarBillBot/comments/vnijlx/what_is_my_purpose_and_other_frequently_asked/ )^(*, or* )[^(*send a msg*)]( https://reddit.com/message/compose/?to=NickWrightData ) ^(*to*) [^( *u/NickWrightData*)](http://reddit.com/u/NickWrightData) ^(*with any questions or concerns.*)

1comment

iedw4t8

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vodzqz/ftx_closes_in_on_a_deal_to_buy_embattled_crypto/iedw4t8/

like MSM dont have the resources to call the ceo for comment before creating rumors no wonder people dont trust them may as well get news from a youtuber

1comment

iedw48z

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedw48z/

Such naive nonsense. You think human beings will invest only on those sorts of things? You think human beings are rational creatures when the entirety of their existence proves otherwise? I bet you also think human beings will stop using fossil fuels if they learn that continued use will destroy life as they know it.

1comment

iedw3o1

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo9egt/would_you_rather_own_bitcoin_outrightly_or/iedw3o1/

What do you mean exactly by tax-free growth? You get to invest in it before income tax?

1comment

iedw3g7

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedw3g7/

Wat? You can buy and sell fractions of btc to use as currency...

1comment

iedw35a

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedw35a/

People will sell a little BTC to buy what they want, until it makes more sense to just use the BTC itself, because if you save dollars, they will be worth less when you go to spend them( Inflation).

1comment

iedw31s

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedw31s/

Not necessarily related to crypto, but if the USD (or any other currency) is constantly losing value (inflation, etc), the question I always have is “why would anyone ever accept one”. It isn’t just “why would anyone ever spend X crypto”.

1comment

iedvyy3

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vojyfh/buy_the_dip_right/iedvyy3/

Trezor for simplicity. Coldcard for absolute security.

1comment

iedvypp

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvypp/

I think you're right that inflation is not great for an economy, although i think you arrived at the right conclusion for the wrong reason but that's beside the point. I do however think that deflation is worse for an economy than inflation, at similar rates at least. I've also yet to see someone counter the argument of OP that even a small economic downturn will lead to a net negative for the people living in said economy

1comment

iedvxjf

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvxjf/

The best thing about bitcoin is that it shows how primitive and bad banking system is. Im not well versed about economy but bitcoin has a value simply because how objective, trustable and efficient it is.

1comment

iedvvg4

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voc52v/explaining_bitcoin_when_it_was_about_20/iedvvg4/

With Bitcoin you don't need to trust anyone though, so it's even better.

1comment

iedvuv6

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/iedvuv6/

Get your coins off exchanges. Richard Heart is a doofus but he said it perfectly: "Do not stand in front of freight trains picking up pennies". "Yield farming" is dogshit.

1comment

iedvtyd

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vom29i/cryptocurrency_techs_security_weaknesses_could/iedvtyd/

[removed]

1comment

iedvthr

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvthr/

and once it is more predictable any deflation gets priced in, aka, if everyone in the world is gaining 5% a year goods/services also increase in price

1comment

iedvseg

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvseg/

The value would increase at the rate of productivity growth.

1comment

iedvs1l

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vofdhj/right_now_the_us_dollar_is_winning_and_btc_is/iedvs1l/

So your $1 note will have collapsed and fade out of existence, your coins will be melted down for their commodity value and you'll wait for the collapse of the $2 dollar note... and then the next, and the next. In the best case your dollar gets reformed. In any case your current notes will become worthless. If you want to argue reform is not collapse and it will still be called dollar, fine. I'm German an we had 5 versions of a 'Mark' in the last century. All are dead now, through war or reform, the paper being worthless **always** the same. [https://www.goldtelegraph.com/fiat-currency-fails](https://www.goldtelegraph.com/fiat-currency-fails) [https://www.dinardirham.com/the-rise-and-fall-of-fiat-currencies/](https://www.dinardirham.com/the-rise-and-fall-of-fiat-currencies/) [https://www.bitrawr.com/demonetized-currencies](https://www.bitrawr.com/demonetized-currencies) **Only commodity value can stand the test of time. Your coins will find new use, your notes get burned. Commodity persists, fiat burns. Inevitably!** It is not government power that gives a currency strength. There will always be people that don't trust the government. A strong currency does not need a government. If no one require trust in the government, both sides can use it. Old example: gold. New example: Bitcoin.

1comment

iedvqlv

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo0kv1/buttcoiners_have_been_waiting_since_2018_to_feel/iedvqlv/

Lol these people can't do anything in their shitty life.

1comment

iedvo2g

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvo2g/

True and that is why nobody buys shoes with gold or real estate. Same is true for bitcoin.

1comment

iedvmur

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vojyfh/buy_the_dip_right/iedvmur/

True but it’s non-mutually exclusive.

1comment

iedvlhi

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvlhi/

as bitcoin gains relevance to more people, the deflationary aspect of bitcoin gets mitigated by market forces. eg: if all money was converted to bitcoin, bitcoin increasing 100% in value every year would change what the markets price things at the key metric that is ignored when you see the shitposts about 'the value of the dollar decreasing over a century' is the ease of obtaining that dollar, aka, the value of a work-hour. as population and automation / tech increases, the value of that work-hour decreases. as bitcoin becomes less volatile and more predictable, that work-hour and all of the goods around it, will modify to match that deflation. in other words, that can of coke doesn't become cheaper just because in the future currency that deflates becomes more predominant

1comment

iedvk3i

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedvk3i/

Imagine gloating about ur 40% bitcoin gain and now ur down 50%

1comment

iedvjwu

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvjwu/

2. Because you can't buy all basic things with Bitcoin. Think about a regular day. Can you buy any of these with Bitcoin: - Coffee - Eggs - Bacon - Water - Electricity - Internet - Transportation - Gas - Meat . . . - etc So at some point you need to sell your bitcoin, get some USD and pay for your daily expenses

1comment

iedvjo3

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvjo3/

It doesn't matter if you spend Bitcoin or USD today as the price you're paying would be the same for both. What matters is which one you use to save. Another way of thinking about this is "spend & replace" where you pay with Bitcoin and buy the same amount or more Bitcoin with USD.

1comment

iedvj8b

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvj8b/

This is exacly why we left the gold standard. You get deflation instead of inflation and you dont want that if you want to grow an economy.

1comment

iedvit6

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvit6/

....and yes, USD would be spent first for the most part.

1comment

iedvie8

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voj5kf/im_honestly_starting_to_lose_hope_for_these/iedvie8/

^ This

1comment

iedvhyg

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voizwb/hardware_wallet_for_hodling_till_death/iedvhyg/

What benefits do I get with coldcard? Considering I will never spend my bitcoin.

1comment

iedvg2s

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvg2s/

Interest rates reflect inflation. Lenders set an interest rate to compensate for risk of non payment, opportunity cost, and devaluation of the currency. In a deflationary environment, lenders could set lower interest rates. Borrowing is and will remain valuable only when it allows investments that grow faster than the interest costs or if people have a high time preference. Payday loans are incredibly bad deal financially but tons of people still utilize them. Those people will still have high time preference with a deflationary currency.

1comment

iedvf1m

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvf1m/

It’s not helpful to answer a question by restating it. How does btc achieve mass adoption as a form of currency when it currently behaves as a wealth asset with no incentives to be used as a currency? You can’t just jump to “if/when btc achieves mass adoption as a form of currency.”

1comment

iedvaai

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedvaai/

It would be spent. It's just that our monetary "energy" would be spent and invested way more wisely.

1comment

iedv9ml

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedv9ml/

Hey, how many transactions can Bitcoin complete a second? Just curious. I assume since it’s cutting edge tech and will replace traditional currency it has to be some high number. I know Visa does thousands a second. I’m sure Bitcoin has to eclipse that, right?

1comment

iedv95d

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedv95d/

Human ingenuity, curiosity and aspirations make the economy run. Inflation just lights a fire in everyones butt to make it run faster without thinking. Bitcoin is still inflationary (disinflationary to be exact). But the fact that the inflation rate will be predictable forever lets humans make sound decisions about where to allocate their money, while thinking about the long term. Imagine a board game where the rules keep changing after every move vs something like chess. Which game has been played for 1500 years?

1comment

iedv6tf

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedv6tf/

If you could hold cash and earn a return on it, there would be little incentive to invest in anything. If you don't invest in anything or take some level of risk, then it's rather difficult for capitalism to thrive.

1comment

iedv6jf

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voj5kf/im_honestly_starting_to_lose_hope_for_these/iedv6jf/

[removed]

1comment

iedv5ui

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedv5ui/

Bitcoin has a more stable monetary policy than USD. What is USD's monetary policy? Better go overanalyze ever word out of each of the Federal Reserve governors in the hope of figuring that out. I don't have to guess about what Bitcoin's monetary policy will be because it is stable. What you really mean by "stable" is market price. The market price is not an attribute of Bitcoin but rather an attribute of the market. The market is not stable. Well what makes you think markets should be stable? Market prices reflect a dynamic environment with many different variables. If you have stable prices, then your price singling function is not working properly. Bitcoin fixes this.

1comment

iedv5c2

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo9egt/would_you_rather_own_bitcoin_outrightly_or/iedv5c2/

Outright but I'd also rather not have the government sniffing up my ass for tax revenue, so as a Canadian I'm taking as much advantage of my registered account as possible with the Purpose ETF before going heavier in direct ownership. Sympathies to my fellow Americans. Fuck the SEC.

1comment

iedv58v

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedv58v/

1. Because people have to eat. You have needs, so at some point of time you have to exchange the currency for other goods and services

1comment

iedv4kq

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedv4kq/

gresham's law

1comment

iedv4ad

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedv4ad/

Based on the continued printing of it? Do you understand how our economy works? The raising of interest rates causes recession - a decrease in the volume of economic activity. This is one of the tools that the Fed uses to combat high inflation rates. But don’t worry, you’ll always have something to complain about because when inflation goes down, unemployment goes up. There is a balance to the economy. It would help to take a class on macroeconomics at your local university so that you can see how a change in one graph affects many of the other graphs - often in very significant ways.

1comment

iedv2lc

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedv2lc/

Bitcoin is a hedge but people just not catching up yet with the idea because a barely 13 year old asset class is still hard to grasp for people who have had decades of (put money in the bank, trust the gov discourse) inserted into their brains!!

1comment

iedv1kz

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo809u/coinbase_sucks/iedv1kz/

Like I said, there is too much friction in the Strike app to make the zero fee thing worth it. It's not just a race to bottom, it's a race for ease of use.

1comment

iedv12p

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedv12p/

I didn’t know it took enormous balls to lose money. Hmm. Cryptobros never struck me as the type.

1comment

iedv07j

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/volht1/bitcoin_is_deflating_as_a_currency_then_why_would/iedv07j/

Are you spending your bitcoin right now?

1comment

iedv037

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/iedv037/

Yeah it seems particularly bad at the moment. Just goes to show if you're a hedge fund and want to do some market manipulation. It's not that hard to get these so called news sites to perpetuate what you want.

1comment

ieduvis

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/ieduvis/

Bitcoin is immune to it. The people investing in Bitcoin however, just like Moses leading his people through the desert. First sign of volatility in their lives...and panic!

1comment

iedus2o

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedus2o/

Just like any asset, people eventually sell to purchase things. Say you bought btc at $100, it's now $20,000, you may sell 0.5 off for a new car, mortgage, clothes, whatever it may be. Even if you had hundreds, you may sell some off to buy a yacht, new home, etc.

1comment

ieduqr9

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/ieduqr9/

And FTX has deep pockets... People's stack can be effected by chicken littles

1comment

ieduq7z

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/ieduq7z/

Game over... It's going down.. staying down We all drank the koolaid

1comment

iedun3e

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedun3e/

I think you are looking at the snapshot of the past and now and drawing a line in which it will continue indefinitely forward. This is unrealistic. Value is increasing now because adoption rate is increasing at a high percentage to current use. Once adoption to use ratios plateau, then price increases will stabilize and it will be more comparable to USD is stability. As stability increases, and thus price growth and volatility decrease, it would look more attractive as a currency for daily use. As to why, once stable, you wouldn’t just hold the currency for appreciation, ideally there would be better investment opportunities in the real economy. If bitcoin stabilizes in a deflationary space, say 1% increase in purchasing power annually, then it doesn’t mean you won’t spend your money, it just means you will expect a higher rate of return than in a deflationary setting (like you see currently with the USD).

1comment

iedun0p

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo77up/serious_how_was_bitcoin_supposed_to_be_traded/iedun0p/

Not hard, scan a QR code and send from your wallet to the dealers. Orrrrr for even cheaper get a LN wallet and send that way.

1comment

iedumor

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedumor/

See my earlier comment above. Hard drive storage gets cheaper every year, yet people have continued buy them for decades. Billions of people buy phones and laptops every year even though they would definitely get them cheaper if they waited a year. Your logic makes no sense when you think about these examples. The prevailing truth in all this is that people compare the price to the benefits of having it now. They don't compare it to the future price.

1comment

iedulb6

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohd5t/this_is_what_you_can_buy_when_you_hodl_bitcoin/iedulb6/

Everyone who bought before Dec 2020 is in profit, thats a helluva lot of survivors

1comment

iedul3l

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedul3l/

[removed]

1comment

iedujet

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/iedujet/

[removed]

1comment

iedujci

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/voizwb/hardware_wallet_for_hodling_till_death/iedujci/

Ledger Nano or a ColdCard.

1comment

ieduj2d

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/ieduj2d/

You’re right tbh, this post is exactly why I never see crypto ever being a currency, just an asset

1comment

iedufuw

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vojyfh/buy_the_dip_right/iedufuw/

If you keep buying eventually you really buy the deep

1comment

ieduevj

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo9egt/would_you_rather_own_bitcoin_outrightly_or/ieduevj/

Is rather have my own bitcoin

1comment

ieduewl

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/ieduewl/

haha msm put out an article [https://www.cnbc.com/2022/06/30/ftx-closes-in-on-a-deal-to-buy-embattled-crypto-lender-blockfi-for-25-million-in-a-fire-sale.html](https://www.cnbc.com/2022/06/30/ftx-closes-in-on-a-deal-to-buy-embattled-crypto-lender-blockfi-for-25-million-in-a-fire-sale.html) just goes to show the standard of todays 'journalism'

1comment

iedueea

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vohluz/blockfi_is_bankrupt/iedueea/

Not your keys not your coins 🪙

1comment

iedueep

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo9egt/would_you_rather_own_bitcoin_outrightly_or/iedueep/

Is this even a serious question?

1comment

iedud6g

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vojyfh/buy_the_dip_right/iedud6g/

how do you do that??

1comment

iedud4x

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vo066b/daily_discussion_june_30_2022/iedud4x/

Someone get China on the phone pls, I need them to ban Bitcoin again

1comment

ieduce3

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vog2c1/if_bitcoin_were_to_consistently_rise_in_value/ieduce3/

[removed]

1comment

iedubwy

2s3qj

bitcoin

https://old.reddit.com/r/Bitcoin/comments/vojyfh/buy_the_dip_right/iedubwy/

Cheapest/best wallet for guy making 500$ purchases instead of 5k? What do you like?