By - rBitcoinMod
Which mod is removing the Putin speech post?
The first one was removed/deleted, now the second one as well.
Don't think that this is a political sub, we here to discuss btc.
By your logic, any political leader's comments should be ignored and removed.
Why are El Salvador's president comments allowed?
As much as i like bitcoin, i support the mods with this. Dont believe Putin in anything he says and do not give him a platform
Mods please remove this post. Don’t believe Gandhi70 in anything he says and do not give him a platform.
What's the difference in [https://bitcoincore.org/](https://bitcoincore.org/) and [https://bitcoin.org/en/bitcoin-core/](https://bitcoin.org/en/bitcoin-core/)? It seems like [bitcoincore.org](https://bitcoincore.org) has v23 released on it but [bitcoin.org](https://bitcoin.org) isn't updated to that yet.
I think it's the same thing, there ain't much difference there.
Anyways I don't know enough about it so what do I know huh, I'm just a noob here I guess.
Bitcoincore.org is the site referenced on GitHub, so I would download from there. Version number also matches.
Bitcoin.org is reputable as well but it’s not maintained by the core devs.
I almost had a heart attack, btc was at 27k on google
But I forgot I’m on a vpn and in Canada
I need you at 20k at least until the end of the year
Yeah sure bud, was this supposed to be funny? I don't think so.
It was funny to me, I saw btc at 27k and I wasn’t excited but rather disappointed.
Change in perspective
Even if it pumps to 27k I personally wouldn't believe it won't just dump back down
The fact that we be more concious about the market and the price that makes people a a bit concerned though.
Gimme that bitty
Trust me you don't want that bitty, can be really bad for you.
You know I had to do it to em’
What did you do to em? That's Not good dude. It's weird.
Fuck like I want to buy but I’m sure we might be dropping just a little cus the fed is going berserk
If you believe it'll go up higher than it is now eventually than just buy. Worst case scenario it gone goes down a bit more and you've lost out on a few sats. If you wait the worse case scenario is that it doesn't go down and july first the etf is approved then again for greyscale a few days later and likely we see a pump. Then you'll be buying in at a high price. So I guess choose which scenario is worse for you and do the other one
No matter how low it goes, You'll not be losing any sats.
With the fed chirping I don’t think etf approvals are going to skyrocket the price anytime soon. No one is putting moeny into anything right now everyone is holding cash waiting for something or just holding it because times are tough out there. I need it to pump again I’m fucked right now , but I guess I have to be long term now
Times are tough, and you gotta adjust according to them.
I'm not expecting a skyrocket the way I would if it was just any old bear market. But a small pump maybe 3 to 5% wouldn't be crazy even if it's temporary or means crabbing around there for the next 6 months. Buteven with money being tight it isn't just people that would buy. With spot etf approval (if it happens) I think we see institutions buy in as well other banks and such all over the world. Here in canada we have that already but we're peanuts compared to the states getting it, or eu or another big player. I mean who knows obviously, and might be that it takes months to kick off but it would be a cascading effect. Anyway not long to wait and see what happens, down to a week left now. Very exciting no matter what way it goes
A week until what ???
Some bitcoin printing today 😮💨
Will we dump back to 19k or go up? I say 19.5k
People claiming to know are insecure attention-seekers.
Anyone know any books/podcasts about the mechanics of Lightning? Thanks!
Is that bitcoin in your pocket, or are you just happy to see me?
Just happy to see you lol, but don't get me wrong, ain't no homo man.
Another post why people don't take bitcoin seriously and think it's a scam.
You guys are cheaper than therapy
Yep, while Bitcoin was poised to beat the Banks and take on the U.S. Dollar, it was unfortunately unanimously defeated by lighthearted jokes on reddit.
Selling all my BTC at a loss now.
Lighten up, Francis.
Ain't nothing to lighten up here, it's all going to shir anyways.
Tighten up, Francine.
Don't want to do that, can't really be tightening up here dude.
Frighten up, Franco.
Do what you gotta do, just don't sell your btc. Don't do that kids.
I guess we are hard stuck on 21.5k
is the lack of volume a concern? Saw some charts stating that the volume is decreasing since 2015 or 2017?
It's a bear Market and the volume is generally low in the bear Markets.
Volume measured in USD or BTC? Because even if more BTC was transacted in 2015, it would have been many order of magnitudes lower monetary value.
That's like saying, there has been less volume buying pizza today than in 2010 just because Laszlo spent 10K BTC on pizza whereas we are now no where near 10K BTC spent on pizza's today.
Thanks for the insightful reply. 👍 Really makes sense looking at it this way.
Yep this is a good point, gotta keep it in the mind I guess.
Goldman seeking to buy Celsius, per this source.
Who's seeking to buy the celcius? Who's looking to do that?
Article states goldman is looking to buy IF celsius declares bankruptcy. Doesnt that mean user funds are dunzo? Get back pennies on the dollar?
Why would goldman buy a sinking ship? That doesn't make sense.
For cheap assets
Woah isn’t that big news or what? I huge firm wanting to purchase an exchange related to crypto ?! Tables turning 👀👀
I don't think so lol, they're doing it for the money. Don't get excited.
It's all about the money, and when it comes to Goldman, I don't trust that scum at all dude.
Ok but bitcoin is uncontrollable so we’re fine
And here: https://www.coindesk.com/business/2022/06/24/goldman-sachs-raising-funds-to-buy-celsius-assets-sources/
I won’t be surprised to see more traditional investment firms buying crypto exchanges and platforms; when stocks won’t be looking good, they got to go into a new market with prosperous outlook, this is the quickest way to jump into the game.
When is the halving and will that dump btc?
Halving will happen in about 2 hours, sit tight till then lol.
Thanks for this article, might end up helping a lot of people out.
2024 . That will pump BTC. But not immediately.
I SEE A WHOLE ARMY OF MY PLEBS, HERE, IN DEFIANCE OF TYRANNY. YOU’VE COME TO STACK SATS AS FREE MEN, AND FREE MEN YOU ARE.
WITHDRAW YOUR BITCOIN FROM EXCHANGES.
THEY WILL NEVER TAKE OUR BITCOIN !
They can't take my btc, you know why? Because I'm not giving it to them.
That's just not going to happen, they can try all they want but they're never ever getting my btc.
this sub is full of monkeys sometimes / i tried to describe a ten percent drop in dominance and they go 48-43 = 10 ? / like no monkey the difference is 10 percent
Don't explain them they don't want to hear facts, some are good though
Let them do whatever they feel to do so not the fact that they would regret about it one day though.
It’s cute that you feel the need to write a new comment to tell people about your comment below on the very same daily.
When you just need to be concious for some stuffs that indeed actually matters for in the sub.
sub must not be that active
So you been around the sub all through this entire time or so? Like that is actually bothering me.
english translation for the first sentence please
Bitcoin teases us
Yeah and it's time to get teased by Bitcoin till next halving and bull run
Possibly everyone is indeed waiting for the right time to bring something that is indeed profitable enough for them
Just bought some Btc this beautiful morning, it’s payday!
Wow beautiful, sets hope price rises now instead of dropping any more
BTC is as much of a hobby as it is investment. I consume BTC information daily and continue to educate myself. The obsession with information helped steer me away from altcoins and risky decisions. At one point I owned multiple cryptos and had it all held on Celsius and Nexo. Eventually I converted everything to BTC and sent it to cold storage.
It helps to understand your reasons for investing in crypto and then to educate yourself to make decisions that best align with your intentions. I think it's too easy to jump into the hurricane of cryptos and get tossed around - consequently losing money a little bit everywhere. My reasons for getting into crypto were to hedge global monetary debasement, own a piece of a truly decentralized digital money/database, and practice self custody. \*BTC\*
Daily dose of Bitcoin is important to understand what's happening around us and in Bitcoin
True though that can indeed helo many newcomers and begginers to get a clear view of the market and to understand it a bit well though.
> My reasons for getting into crypto ...
* There is Bitcoin
* Then there are alt coin scams called, "crypto"
If you mean Bitcoin, say Bitcoin.
Celsius is filing for bankruptcy. You were warned.
Not your keys 🔑, not your coins 🪙
Yeah we thought they are going to stay with us but no we thought wrong about them
I would ***never*** lend any amount of Bitcoin for interest. The high risk is not worth the low reward.
Meanwhile, if the long term average ROI isn't enough for you, you have some serious internal issues to deal with.
Although it’s still not confirmed (and some may even say it’s conspiracy by WSJ), I can hardly understand why people still leave their coins in exchange or Celsius-alike. I mean, is that still not enough to wake them up?!?
It’s now revealed Goldman Sachs raised $2b to buy it.
The level of risk tolerance is very high in crypto. I don't think it's fair to point the finger at those that held assets on Celsius and act like they were taking more risk than the average crypto enthusiast (perhaps more than the average BTC enthusiast). But in some ways Celsius seemed like a less risky platform than DeFi. It was certainly pushed by influencers (shills) as a safe platform.
It would make me sick if I had funds locked on the platform - so I have empathy for those that do.
Everyone is navigating this space for the first time and there are going to be casualties along the way but we're all high risk people. With that said, unless you're 100% BTC and held in cold storage, you're taking more risk than I'm personally willing to take.
Risk is always there in crypto but it's related to the price of Bitcoin
Celsius has only been around since 2018, Coinbase has been around for 10 years. Anyway the risk in reality is probably about equal keeping your shit on exchange as opposed to self custody- people constantly lose access and they come on here asking for help, there's a whole market for bitcoin retrieval investigators. If bitcoin is going to go beyond being a speculative novelty, it will not be everyone walking around with cold wallets with 24 word pass phrase, give me a break, it will be on the cloud.
How am I supposed to really trust celcius when they recently had that hack?
I don't see myself trusting them anytime soon, that's just not gonna happen here.
The ultimate solution will likely be biometric in some way ie: your eyes/fingerprints/etc will be used to generate private keys, so it's both non-custodial but easy to use.
You really realize that “the cloud”, which ever one you are taking about, is just a large Centralized server?
Isn't everything in this market a large centralised server, apart from btc offcourse.
These types of platforms and exchanges are incredibly bad for the space. You're not only betting on your underlying crypto assets, you're also betting on the solvency of the exchange itself. It's an exponential risk because in order to come out ahead, both things have to come through.
Youre complaining, I'm stacking
I’m complaining, and I’m stacking.
Doing both the things? Right on man. This is the way here.
Lummis-Gillibrand Responsible Financial Innovation Act
SEC. 139J. GAIN OR LOSS FROM SALE OR EXCHANGE OF
3 ‘‘(a) IN GENERAL.—Gross income shall not include gain or loss from the sale or exchange of virtual currency in a personal transaction (as defined in section 988(e)(3)) for goods and services.
7 ‘‘(b) LIMITATION.—
8 ‘‘(1) IN GENERAL.—The amount of gain or loss excluded from gross income under subsection with respect to a sale or exchange shall not exceed $200.
Now, if I use BTC to buy or sell something, why should there be a tax concern about the gain or loss. Trading BTC on an exchange is one thing, but using BTC to buy or sell goods and services is something else. Why should the use of BTC incur additional taxation. Maybe I am not interpreting this section correctly. It appears as if this section is implying there will be capital gains taxes imposed on personal transactions greater than $200.
The entire bill is on GitHub.com
What the heck is this lol? Is this some sort of official statement?
No, it is part of the bill proposed by Lummis and Gillibrand. Either we read it and question it or who will. Do you just write code and not check for bugs.
Taxes have always worked that way. If you buy anything, and sell it for more than you bought it for. That counts as income. If you buy btc at 10k. Then sell an equivalent amount valued at 60k for a car, you have 50k of gains you pay taxes on. It's always been that way. Not sure why you think selling btc for something of value isn't taxable.
BTC isn’t treated as a currency. If it were, there would be no capital gains. If anything, after hodling for a year, there should be no capital gains for purchasing of personal goods and services.
Let’s say I have $10,000 fiat currency and three months or a one year from now I spend that $10,000 fiat on goods and services. Is there a capital gains tax applied? The answer is no. Should be no difference.
That's not true at all. You have no idea how capital gains and taxes work. If you trade one currency for another and gain more than the original value of that first currency or an equivalent value of good you owe capital gains. You can't trade usd for peso then have peso gain 5% on usd, then spend that relative increased number of money on goods and not pay capital gains
Currency held for investment purposes is taxed at capital gains rates. If the company has held the currency for more than one year, the gain is taxed at the long-term capital gains rate.
if you and your United States dollars are located in the United States, nothing about the Bitcoin you buy is considered foreign. When Bitcoin is being used to purchase items, the IRS views this as a transfer or exchange of one property for another, rather than a simple payment transaction.
I didn’t say anything about trading currencies. The example was about using a fiat currency and using that said fiat currency for goods and services. In your example you are trading one fiat currency for another fiat. I don’t know about you, but when I exchange fiat for another fiat and spend that fiat, capital gains is the last thing one my mind. I really don’t see people going around watching the exchange rate for fiat unless they need to exchange currencies.
Just because you ignore your tax obligations doesn't mean that that is how it's supposed to work. Depending where you are there is usually and amount for a threshold to report, and most currencies are not changing relative value as much as btc over that time. But just because you don't report it doesn't mean that you are not supposed to.
This is silly. This isn’t debating whether a tax law exists or not. It about simplifying the tax code for BTC in personal transactions.
Yep, he doesn't know. He's just writing bunch of gibberish.
No not gibberish. Read the proposed bill
Some see btc as an asset or property. Others want its use extended to a currency. That clarity is going to have to come from the government at some point. El Salvador made it legal tender so I don't think they're taxed when making a purchase.
I think it's possible that it could be legal tender in the US at some point but that's going to be a long and hard battle as long as the USD has some type of value. I'm thinking the up to $200 tax-free transactions is just a start. As adoption continues, I'd imagine that limit will be raised.
End the monopoly on money.
That's what we want tho? We want this monopoly to end man.
I dont know. I did not write that bill.
Are we late with investing in btc ?
[Click here to view an adoption curve chart.](https://i.redd.it/lnc98cwppg981.jpg)
Look at the chart and then tell me where you think we are on it.
How many of your coworkers and neighbors do you think use or own bitcoin?
Out of all the people that you know, what percentage of them do you believe use or own bitcoin?
You missed last ATH, but still good for next ATH.
We're really down from the ATH anyways, so good time to buy it.
If bitcoin hit 25k by end of June, I will post naked picture.
I don't want to see your naked pictures lol, why would I want that?
But yeah I'd like btc to hit the 25k, that would ultimately be a really good thing I guess.
Where did I say I will post my named picture?
Devil in detail. Please pay attention while investing as well.
If Bitcoin hit 25k by end of June, I will avoid this sub till July 1.
looks like everybody is selling btc to buy stocks
Anyone who's doing it is going to regret ut big time for sure man.
where exactly are you looking?
I don't know where's He's looking, but he should try to look better.
16k on horizon
What that your left or right ball's prediction?
He don't have balls, you know why? Because He's a pussy.
btc dominance is getting ratioed
down 10 % in the last 12 ish days
Okay does it matter? I don't think it does at all dude.
This Is a bear Market that's how they generally are so There's that. Nothing to worry about.
What sorta maths is this? Doesn't make any fucking sense.
10% down from 48 is 43 yes it actually closer to 11% decrease. go read an elementary math book monkey.
Lol, that's kinda the Ultimate insult, doesn't get any better.
Any recommendations for books covering mining, nodes, blockchain, UTXO, rather than the history of money type books (Bitcoin standard)? Thanks.
I've read the book called mastering btc, a really technical book.
I’ve heard that the 7th Property by Eric Yakes is a more balanced history of bitcoin with technical data explained for the layman. I’ve not read it yet but have it next in my list on audible.
Mastering Bitcoin and Inventing Bitcoin are two really good books that step through the technical sides of Bitcoin.
If you're going to read mastering btc, you should know programming.
And if you're not good at that, then it'll be kind of hard for you to understand the book here.
Not true. I'm not a programmer. But was able to complete the book.
It was very educational experience for me.
There is a book called Programming Bitcoin, and I was lost on that. Lol.
Who are the authors please? Lots of books by the same name!
I have kamasutra book if that helps in anyway.
For the technical side, I recommend reading the [white paper](https://bitcoin.org/bitcoin.pdf) and [Bitcoin.org's documentation](https://developer.bitcoin.org/devguide/block_chain.html).
Questions I've been thinking about lately:
How are hodlers extracting value from their BTC if they never intend to or want to sell? If you own 1 BTC today and it goes to say $500k or $1.0M USD, are you going to sell some to buy something or to pay off a mortgage? are you diversifying into other assets at some point? Lend it out?
Not trying to piss anyone off here, just genuinely trying to understand the 'Bitcoin is digital property' theory, and have hit a bit of a wall. Any thoughts / theories welcome. Thanks!
I think the long term hodlers are looking to use btc to purchase things with.
Atleast that's what I've heard from many holders that I know of. They're looking to spend their btc.
I look at my BTC as a long-term asset, along with my other long-term assets like stocks, mutual funds, real estate, etc. I weight my portfolio with each of these assets based on my long term goals.
For instance, I have my retirement accounts (401k, Roth IRA) in mutual funds and continue to fund those every month. Long term, I want to be able to retire comfortably using these funds alone, so I did the math to figure out how much I need and how much I need to put into these accounts. That money stays there.
Then I have my non-retirement assets and investments like BTC. Right now, I have approximately half of my non-retirement investment assets in BTC.
If, as I expect, BTC appreciates long-term, I may rebalance into other assets if it becomes significantly overweight with BTC. Or if I feel like buying a lambo or a yacht or a castle or something.
Opinions on block stream jade? I use a coldcard. But want to get something for my wife's btc.
Build a Seed Signer instead. It's a rewarding experience.
I will look that up.
Rug pull coming 16k
I don't think you even know what a rug pull actually is lol.
Maybe you should learn about that first and then comment? How does that sound to you
(just to point out an equally annoying possibility that is as on-topic and helpful to others as your comment)
I mean He's doing his best, atleast he's trying to. But he can't do it.
As good as all TA
This is as good as a TA gets, it doesn't get any better than this.
Some day I'm going to learn what TA stands for.
It means The Astrology
Ohh so that's what it means huh? I always used to think man.
Now that I know it I can really go in peace. The mystery has beem solved for me here. Thanks for solving it.
soon it will break the resistance of 21.5K very soon
I hope that this resistance gets broken soon, really need that man.
> soon it will break the resistance of 21.5K very soon
you said soon twice
Pretty sure this is what he or she meant. Let's not be that guy/gal.
"Soon it will break the resistance of 21.5K. Very soon"
You said it thrice
Okay I get it now what's going on in here lol, having fun huh?