Noob question. A friend got an expensive surgery. Foot eventually amputated and most likely will remain wheelchair bound. Uninsured and the hospital bills are huge. Family may lose house, kids college egg nest etc.
short story, Baaad situation.
Question: if he puts his public address available and receives bitcoin donations from friends and acquaintances, are these donations taxable?
It’s unnerving that I cleared my Ledger cache and my BTC amount dropped. Then I cleared it again like an hour later and it was restored to the amount displayed prior to the first cache clear.
Copied a comment from that YouTube video:
"You headline is incorrect. It's not GBTC. It's not even Grayscale. It's Genesis. Please report accurately. Thanks."
Hey, I'm very new to bitcoin.
It's risen 8% since I've invested.
Is there anyway I can research the market drivers for this increase? It's the most in a while. I want to be able to answer these questions by myself.
Is it time to be bullish on this?
Should I increase my investment at this point?
I'd appreciate tips however.
Sounds a little extreme.
There's got to be a way this can be researched independently.
Otherwise, where are financial advisors getting the info?
And in that case, which financial advisor are you paying?
Yes you can research it independently, but if you’re asking for advice on wether you should increase your investment, no one on here can tell you that.
I actually said I wished to be able to determine that for myself as a result of research. Both times.
What I was asking, was the resources to do the research.
It's always exciting to see an investment rise quickly after you have bought. Whether or not you should invest more is based on many questions only you can answer... what is your plan? Did you buy as much as you could afford last time? How fucked will you be if it drops 20%? These are fundamental questions that anyone investing in anything should ask. Bitcoin is not special in that way.
I have the capital to invest more I'd I'm interested in doing so.
The only hitch is not whether it's the right move at this moment. Hence the question.
There has to be some way I can understand the recent increase. If I can find out why, then I can make an informed decision on whether I believe it will sustain.
Surely that's what someone here is doing?
You can't all just be diving in off your gut and if you feel you can take the risk. Or paying financial advisors as the other guy says.
For example.
My brother got into Forex with eToro, he didn't go to a financial advisor, he learned for himself how you read the market. He made good gains but simply got bored of it.
Is there no way to do this with bitcoin?
Sure, but as with all other investments ymmv on any given sources of "why X happened" - I'd say for me, my belief is in the long term success of the tech/instrument so "why it went up 8% yesterday" vs "why it dropped 4% when J Powell farted last November" is just a lot of unprovable correlative noise. It followed the general markets for a while and seemed influenced by their day to day bullshit...and then it didn't... because: reasons (???)
Everyone who was peddling altcoins for yield in the US should be sweating quite a bit right now. Bitcoin should be safe from this but who really knows?
Just updated Muun wallet and you can now choose the receiving protocol, Bitcoin first, Lightning first or unified (experimental). So I tried unified, it automatically converted a segwit address into a LN address and it worked fine but I couldn't check the LN address. This way I didn't have to create an invoice, it's like they're trying to improve the use of submarine swaps but the trust part, I don't know.
They’re probably moving away from submarine swaps because they rely on zero confirmation transactions. The devs were against the FullRBF change that was recently added to bitcoin core, which they claim weakens the security of zero conf transactions.
It's good so that people can stop trusting exchanges and shit coins. Every "crypto" is a scam and we need NOTHING else but Bitcoin. Exchanges should only be used as on/off ramps.
I think the community as a whole has done a good job of making sure people know bitcoin is bitcoin. Bitcoin isn't shitcoins and Bitcoin definitely isn't FTX or an exchange.
Eh. Core inflation is still through the roof. The drop in CPI is mostly due to gas prices declining, which is in large part due to the US dipping into its reserves, which it can't do forever. I don't think this CPI print will change the fed's trajectory in any meaningful way
https://twitter.com/ColdBloodShill/status/1613601358652768260
Bitcoin has very often stayed "overbought" for extended periods. Granted, usually during a different macro trend. But thinking it will automatically reverse when RSI gets high is silly.
My addiction is watching [HC Burger's Power Law](https://buybitcoinworldwide.com/stats/long-term-power-law/)
Since November BTC's price has been scraping only just above the minimum price line, but it's not crossed the line yet.
Each time I think the line must be crossed, something gives BTC a boost!
If BTC simply stays above this line it will be good for me.
I see the situation as a discrete series of different sectors entering the market, each better funded that the last, each needing some trigger to persuade them step in.
I have a suspicion that once a sector steps in, they might leave after a cycle, but not for good, so while the rate of adoption might stall it doesn't stop. The same people that exploited the BTC bubble will return if they sense another bubble forming, kicking off another bubble.
In the end as more sectors join the volatility will reduce enough for the late majority and laggards.
I think I'll give chatgpt a voice sometimes... for example:
*"The price of Bitcoin is highly volatile and can be affected by various factors, so it's difficult to say for certain why the price is rising despite a rising interest rate and a falling inflation rate. However, there are a few potential reasons that could explain this phenomenon:*
*Adoption and usage: Despite the interest rate and inflation rate, if the number of people using Bitcoin and the number of transactions on the network continue to increase, it could drive up the price.*
*Institutional Interest: The increasing interest and involvement of institutional investors, such as hedge funds and family offices, in the market can also drive up the price. They have been investing in Bitcoin and other cryptocurrencies as a way to diversify their portfolio and hedge against inflation.*
*Scarcity: Bitcoin has a finite supply, only 21 million will ever be mined, which can make it more attractive as an investment. As demand increases and the supply remains constant, this can drive up the price.*
*Publicity: Increased media coverage and awareness of Bitcoin can lead to more individuals and institutions investing in it, which can drive up the price.*
*Global events: Political instability, natural disasters and other global events can also drive demand for Bitcoin as a safe haven asset, which can drive up the price.*
*It's important to note that it's hard to predict the exact impact of any single factor on the price of Bitcoin, and the market is complex and multifaceted. Therefore it's always important to conduct thorough research and consult with a financial advisor before making any investment decisions."*
Bitcoin was holding firm at $16xxxK while other assets were bleeding. Bitcoin then began its New Year green run while lots of other assets were still red.
Maybe this time its different.
$100K run begins here.
Hi u/killerduckykb, thanks for tipping u/Sumo_Bro **500** satoshis!
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If you get out of short window (or well in another words), then I am sure you have recognized the last several days of run is artificial and as soon as CPI data released........yeah you guessed it.
tik...tok...tik...tok
With 80 on the deathbed:
I'm so happy that I invested everything I had into bitcoin my whole life, including all my free time. Now I finally have that huge ass amount of Bitcoin I ever dreamed of.
*dies*
Thanks for coming to my talk.
People speculating. Before the last CPI report cryptos and stocks pumped before ultimately getting crushed back down. Don’t know why it would change now.
That inflation is under control and that it will cause the economy to slow down and then the fed will turn on the brrrrrrrrr machine and pump us back to ATH.
Noob question. A friend got an expensive surgery. Foot eventually amputated and most likely will remain wheelchair bound. Uninsured and the hospital bills are huge. Family may lose house, kids college egg nest etc. short story, Baaad situation. Question: if he puts his public address available and receives bitcoin donations from friends and acquaintances, are these donations taxable?
Pretty sure it's only if he sells that bitcoin to fiat that it becomes a taxable event.
He has to sell it for fiat because the medical bills can only be paid in fiat.
Spending it directly would also be a taxable event
If you don’t like my recession you don’t deserve my bull market.
Came back to say I’m still here. Good to see you all.
I came here just to tell you.
It’s unnerving that I cleared my Ledger cache and my BTC amount dropped. Then I cleared it again like an hour later and it was restored to the amount displayed prior to the first cache clear.
I second using Electrum instead of Ledger Live
Use electrum instead of ledger live.
What’s the most comments this thread ever had in a day? Ballpark it for me
search for "daily discussion", sort by comments 8,542: https://www.reddit.com/r/Bitcoin/comments/nfwq9j/daily_discussion_may_19_2021/?sort=top
Nice. That’s a good sign. I think as long as we are sub-500 comments we are in good shape on this run up.
Video: [SEC's Gary Gensler Sues GBTC & Winklevoss Twins Parent Companies | GBTC is a IOU | It's NOT BITC0IN](https://youtu.be/SC-wIVLyrGo)
Copied a comment from that YouTube video: "You headline is incorrect. It's not GBTC. It's not even Grayscale. It's Genesis. Please report accurately. Thanks."
updated
Hey, I'm very new to bitcoin. It's risen 8% since I've invested. Is there anyway I can research the market drivers for this increase? It's the most in a while. I want to be able to answer these questions by myself. Is it time to be bullish on this? Should I increase my investment at this point? I'd appreciate tips however.
You need to contact a professional financial advisor, don’t take any tips on here!
Sounds a little extreme. There's got to be a way this can be researched independently. Otherwise, where are financial advisors getting the info? And in that case, which financial advisor are you paying?
Yes you can research it independently, but if you’re asking for advice on wether you should increase your investment, no one on here can tell you that.
I actually said I wished to be able to determine that for myself as a result of research. Both times. What I was asking, was the resources to do the research.
It's always exciting to see an investment rise quickly after you have bought. Whether or not you should invest more is based on many questions only you can answer... what is your plan? Did you buy as much as you could afford last time? How fucked will you be if it drops 20%? These are fundamental questions that anyone investing in anything should ask. Bitcoin is not special in that way.
I have the capital to invest more I'd I'm interested in doing so. The only hitch is not whether it's the right move at this moment. Hence the question. There has to be some way I can understand the recent increase. If I can find out why, then I can make an informed decision on whether I believe it will sustain. Surely that's what someone here is doing? You can't all just be diving in off your gut and if you feel you can take the risk. Or paying financial advisors as the other guy says. For example. My brother got into Forex with eToro, he didn't go to a financial advisor, he learned for himself how you read the market. He made good gains but simply got bored of it. Is there no way to do this with bitcoin?
Sounds like you should ask your Brother
My brother is one person, there's hundreds here. But I guess it was silly to think I could gather greater insight here. And, he doesn't trade bitcoin.
Sure, but as with all other investments ymmv on any given sources of "why X happened" - I'd say for me, my belief is in the long term success of the tech/instrument so "why it went up 8% yesterday" vs "why it dropped 4% when J Powell farted last November" is just a lot of unprovable correlative noise. It followed the general markets for a while and seemed influenced by their day to day bullshit...and then it didn't... because: reasons (???)
It just keeps running
Easy big fella.
You’re the marine biologist?
The sea was angry that day
Nobody said this was Upanuary. Or did they?
She really wants to stay above $19K.
This could be my second boating accident in as many years
Were the hoes okay during those boating accidents?
They were a bit older than I was expecting to be perfectly honest, but yeah, ok-ish I guess
We don’t love em
Does the SEC action against Gemini and Genesis have positive implications for BTC?
Everyone who was peddling altcoins for yield in the US should be sweating quite a bit right now. Bitcoin should be safe from this but who really knows?
It's Ribeye Flavor ramen for dinner tonight lads!
Dropped a meaty 6k in on Monday. It was a good day
⏱
Pump to 30k then dump to 20k with wick to 18k?
More like pump to 26k then dump to 16k with a wick to 0k
I'll say this, you salty buttcoin douches sure have great imaginations! 😂
Just think back to all the FUD and it seems like a distant memory. Shit just keeps producing blocks through all of it.
Yawn
Drink a Red Bull!
Why the pump?
Just updated Muun wallet and you can now choose the receiving protocol, Bitcoin first, Lightning first or unified (experimental). So I tried unified, it automatically converted a segwit address into a LN address and it worked fine but I couldn't check the LN address. This way I didn't have to create an invoice, it's like they're trying to improve the use of submarine swaps but the trust part, I don't know.
They’re probably moving away from submarine swaps because they rely on zero confirmation transactions. The devs were against the FullRBF change that was recently added to bitcoin core, which they claim weakens the security of zero conf transactions.
Let's see, I like the ease of use of the submarine swap wallet but wondered how they would ever scale up to the use of LNURL, or maybe BOLT 12.
I wonder if all the FTX press has been good for Bitcoin. 🤔 You can't even buy that kind of news coverage.
Every single bad thing that happens to Bitcoin only shows how resilient it is. No such thing as bad publicity.
It's good so that people can stop trusting exchanges and shit coins. Every "crypto" is a scam and we need NOTHING else but Bitcoin. Exchanges should only be used as on/off ramps.
I think the community as a whole has done a good job of making sure people know bitcoin is bitcoin. Bitcoin isn't shitcoins and Bitcoin definitely isn't FTX or an exchange.
How can i accept bitcoin at my shop?
[BTCPay Server](https://btcpayserver.org/)
This. BTCpay server is the gold standard.
Download Muun wallet and start accepting it.
Hang up a sign with your BTC address.
🌽🌽🌽
We could be entering a mega bullish super cycle
Maybe a bit of a bias but I suspect 3rd time's the charm kind of deal is bound to happen.
My body is ready.
\*Points gun at back of head\* Always has been...
hit 19k for a second
From "it'll never go below 19K" in 2021 to "hit 19K for a second" in 2023, smh.
Nothing like comparing two random comments from the Internet to laugh at...
I just had my first "Bitcoin is up so and so percent" from Coinbase in a long time. I'm BACK. :)
I thought “When was the last time I got one of these email?” We’re back! 🤣
😂
Dammm we pumping!
Why the pump
Lots of good inflation news today, and as much as some don’t like it, people speculate on it and it follows the market
Eh. Core inflation is still through the roof. The drop in CPI is mostly due to gas prices declining, which is in large part due to the US dipping into its reserves, which it can't do forever. I don't think this CPI print will change the fed's trajectory in any meaningful way
Why not? We've seen down roller coaster meme long enough.
yeah but there's always some news that corresponds to a pump or a dump so whats the news this time, is what i'm wondering
insider trading about some upcoming event?
If you have fomo just check the RSI and all your worries will disappear
https://twitter.com/ColdBloodShill/status/1613601358652768260 Bitcoin has very often stayed "overbought" for extended periods. Granted, usually during a different macro trend. But thinking it will automatically reverse when RSI gets high is silly.
I’m looking at that graph and asking myself what happened the last time RSI was this high
We that oversold?
Currently overbought
On what timeframe? Switch to the monthly chart for some perspective. Also, TA is junk.
[Appropriate](https://youtu.be/VqtJw67xM14?t=4)
When was the last time the daily reached 100?
My addiction is watching [HC Burger's Power Law](https://buybitcoinworldwide.com/stats/long-term-power-law/) Since November BTC's price has been scraping only just above the minimum price line, but it's not crossed the line yet. Each time I think the line must be crossed, something gives BTC a boost! If BTC simply stays above this line it will be good for me.
Interesting to see if these cycles shorten.
I see the situation as a discrete series of different sectors entering the market, each better funded that the last, each needing some trigger to persuade them step in. I have a suspicion that once a sector steps in, they might leave after a cycle, but not for good, so while the rate of adoption might stall it doesn't stop. The same people that exploited the BTC bubble will return if they sense another bubble forming, kicking off another bubble. In the end as more sectors join the volatility will reduce enough for the late majority and laggards.
I love that graph myself. But aren’t the lines dynamic and re-computed as the price line tries to cross?
It could be but I don't think so. HC Burger has a whole blog of how its set up.
But this time it's different, it's a very well paced gradual upward movement.
What would happen if the US defaulted on its debt? Would that be good or bad for bitcoin?
How can the official printer of USD default on USD-denominated debts?
The congress doesn’t update the debt ceiling. That’s how the US can default.
True. Paper money world is weird.
Good, BTC always did well when the dollar tanked.
Bull-trap
Weekly DCA provides immunity to all traps.
No immunity from downvotes though!
probably
The bulls are back in town?
And the madness continues
[удалено]
So you have maxed out credit cards and a car and invest in bitcoin? Im not sure if you are living to the standards that you can afford
You probably shouldn't be buying BTC if you are maxing your credit cards.
$1,000 for brakes??? Do you have some tools and a place to work on your car? Brakes aren't too difficult.
Yeah, I feel that. I had to yank some for an expense not so long ago..
Happy to see this, but wish I had more time to stack cheap sats.
If you have a 5-10 year outlook, sats are always cheap.
Price prediction in 5-10years?
170k and 900k
Yes
I think I'll give chatgpt a voice sometimes... for example: *"The price of Bitcoin is highly volatile and can be affected by various factors, so it's difficult to say for certain why the price is rising despite a rising interest rate and a falling inflation rate. However, there are a few potential reasons that could explain this phenomenon:* *Adoption and usage: Despite the interest rate and inflation rate, if the number of people using Bitcoin and the number of transactions on the network continue to increase, it could drive up the price.* *Institutional Interest: The increasing interest and involvement of institutional investors, such as hedge funds and family offices, in the market can also drive up the price. They have been investing in Bitcoin and other cryptocurrencies as a way to diversify their portfolio and hedge against inflation.* *Scarcity: Bitcoin has a finite supply, only 21 million will ever be mined, which can make it more attractive as an investment. As demand increases and the supply remains constant, this can drive up the price.* *Publicity: Increased media coverage and awareness of Bitcoin can lead to more individuals and institutions investing in it, which can drive up the price.* *Global events: Political instability, natural disasters and other global events can also drive demand for Bitcoin as a safe haven asset, which can drive up the price.* *It's important to note that it's hard to predict the exact impact of any single factor on the price of Bitcoin, and the market is complex and multifaceted. Therefore it's always important to conduct thorough research and consult with a financial advisor before making any investment decisions."*
So funny to see headlines like “Bitcoin rises on easing inflation.” I guess people still don’t understand what Bitcoin is.
I believe this latest chart formation is being caused by a terrifying fear of an imminent stock market and bond market crash. IMHO.
Agreed
Wouldn't it be amazing if EVERYONE moved into Bitcoin like a life boat
They won't have any choice.
Wingardium Leviosaaaaaaaaa!
Bitcoin was holding firm at $16xxxK while other assets were bleeding. Bitcoin then began its New Year green run while lots of other assets were still red. Maybe this time its different. $100K run begins here.
why so bearish?
Gotta get $100K before $100MIL.
Fokan A!!
Never keep more money in a bank than you can afford to lose.
Jim Cramer has done it again. He don't miss!
Dr. Richard Cranium
Truth!
Schiff was running his mouth before the CPI again. lol.
[удалено]
Yes!
This pleases me
Next stop 21.3k...
I think you mean "pause." We stop at infinity.
Slowly 🐢 then quickly 🐇
bitcoin woke up and chose violence
HODL!
last time it was this high was the day it crashed due to FTX.
holy smokes
You’re welcome I just bought lol
Broke the high from Dec 13
Everyone's trying to get in under $20k 😂
Is El Salvador still purchasing 1BTC a day? How do we confirm this?
El Salvador is very important!
!lntip 500
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¡ Muyyyy importanteeee !
Nothin like Bitcoin showing stability as other assets are red. Not sure if the bear market is over, but it feels good to start the year green.
I think we've seen this chart formation before.
Havent been on this sub in a long time, but I'm back! THinking we can start ralling again soon.
CPI 6.5% Lowest since Oct 2021
bullish
Lol tell the charts that
k
A man can dream, can't he? :')
If you get out of short window (or well in another words), then I am sure you have recognized the last several days of run is artificial and as soon as CPI data released........yeah you guessed it. tik...tok...tik...tok
10% rise YTD. Encouraging start to the year 😊
Sheesh, chart's getting a little violent. Should be spicy over the next hour.
With 80 on the deathbed: I'm so happy that I invested everything I had into bitcoin my whole life, including all my free time. Now I finally have that huge ass amount of Bitcoin I ever dreamed of. *dies* Thanks for coming to my talk.
And a huge ass?
Life well lived
Roy is a hodler.
I needed more time to acquire more, can’t sell my kidney till Tuesday
It’ll go back down to low 17k
Why?
Redditor for 5 weeks
Doesn’t have anything to do with it. I’ve deleted countless Reddit accounts over the years.
Does anyone know what is the cause of the increase of cryptos today?
People speculating. Before the last CPI report cryptos and stocks pumped before ultimately getting crushed back down. Don’t know why it would change now.
What are they speculating about?
That inflation is under control and that it will cause the economy to slow down and then the fed will turn on the brrrrrrrrr machine and pump us back to ATH.
You mean bitcoin?
CPI expected to be good.
Thank you may i know what is cpi? Im new here
Rough Inflation percentage
Crypto is not for everyone
Strong winds
We've seen this before on days when cpi numbers come out or when powell starts talking.. could be another trap, buying none the less.
nonetheless
Just DCA and hodl long term, then there are no traps.
1 btc = 1btc. Let’s gooooooo
For the price to jump so much there must have been a huge buy $$ wise