/r/Bitcoin

Photograph via snooOG

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki:

Community guidelines

  • Do not use URL shortening services: always submit the real link.
  • Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.
  • News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news.
  • Submissions that are mostly about some other cryptocurrency belong elsewhere. This subreddit is exclusive to Bitcoin.
  • Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted.
  • No referral links in submissions.
  • No compilations of free Bitcoin sites.
  • Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion.
  • Please avoid repetition — /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system.
  • Do not post your Bitcoin address unless someone explicitly asks you to.
  • Be aware that Twitter, etc. is full of impersonation.

Related communities

Sorted roughly by decreasing popularity.

Non-Bitcoin communities

Join us on IRC

web.libera.chat #bitcoin

Other Bitcoin sites

Bitcoin Forum
Bitcoin Stack Exchange
Bitcoin Magazine

Download Bitcoin Core

Bitcoin Core is the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet.

Style sheet credits

The CSS used by this subreddit is the Erdune Theme modified by /u/Annihilia and /u/konkedas. Logo design by /u/Annihilia. Check out his other work here.

/r/Bitcoin

6,779,690 Subscribers

2

Saw this image on /r/amoledbackgrounds and immediately felt it was lacking something...

2 Comments
2024/07/11
02:51 UTC

0

What are some ways I can earn free crypto?

I feel like I've read somewhere that it's possible to complete tasks to get free crypto

3 Comments
2024/07/11
02:49 UTC

1

Nashville Bitcoin conference ticket for sale. 275.

0 Comments
2024/07/11
02:48 UTC

5

Bitcoin Growth Potential

I was just curious what everyone thought about the growth potential of Bitcoin. It is currently the 10th largest asset by market cap. Bitcoin is at 1.13T USD. Gold is in first at 15.8T USD. Total USD (Fiat currency) in circulation is around 2.2T USD. If Bitcoin is to get to $1M, then it will surpass USD (Currently considered the global currency, but that could be coming to an end soon) and will also be the largest asset by market cap.

Though these aren't necessarily fundamental barriers that prevent Bitcoin from growing larger (since it's really driven by supply and demand), it suggests to me that Bitcoin is past the previous growth stages that we've seen and is probably going to stabilize around the kind of growth rate it will follow long term but continue to be volatile.

I think the biggest believers of Bitcoin don't buy it as an investment so much as with the idea that it is a more appropriate store of value than fiat currency since it's decentralized nature makes it more resistant to large-scale manipulation and the fact that it's deflationary reduces the amount of value lost long-term to inflation.

I'm just curious what everyone else's thoughts are.

12 Comments
2024/07/11
01:46 UTC

1

Aussies - What's your go-to bank for transferring funds to an exchange?

I'm thoroughly frustrated with HSBC, Westpac, and Commbank at this point. Every time I try to make a deposit to Kraken, they either put it on hold for 24 hours (Commbank), don't let me make the transfer at all (Westpac), or conveniently block my entire account (HSBC).

Just need some help with my options here. What bank(s) or other payment services can I use to fund a crypto exchange account and avoid these hostage situations?

11 Comments
2024/07/10
23:30 UTC

0

DCA

Just come into some regular money £400 every four weeks - thinking of DCA’ing into the holy coin.

What’s the best way to set-up and forget in the UK ?

Long term projections, say over the next 15-years ?

1 Comment
2024/07/10
23:04 UTC

96

Prince of Serbia: "We need to take the money away from the state"

7 Comments
2024/07/10
22:50 UTC

37

$100 per month Bitcoin DCA for 10 years - anyone?

25 Comments
2024/07/10
22:41 UTC

0

Cost to Produce

The cost to produce $1 usd is the same as the cost to produce $1 trillion usd. Let that sink in. Besides your needs, some wants, emergency fund, you should not be sitting on any fiat. Convert it into Bitcoin asap when you can and ignore trying to time the price swings. My opinion.

2 Comments
2024/07/10
22:31 UTC

0

Need help please

I have a situation where i attempted to send $50 worth of btc to someones wallet via Trust wallet. They received approximately $49.xx worth of btc but on my end it shows almost $420.00 being sent with $0.65 network fee. Anyone know how i can find the missing $370?

17 Comments
2024/07/10
21:49 UTC

0

My seed phrase was generated by a hot wallet. Is it really necessary to have cold storage like a trezor?

I don't have the wallet installed on any devices. Just the 12 words on paper and i've DCAing for the same address everytime using P2P.

What's the need for a cold storage wallet?

6 Comments
2024/07/10
21:45 UTC

0

Should i delete my coinbase account and make a new one?

First got into Bitcoin in 2020 simply to buy certain things online. But now (since about 3 months ago) I have started to understand Bitcoin more and want to use it the same way most do here. However, if there's comes a time where I want/need to convert a large amount of my investment back to Fiat, will this be an issue using the coinbase account that has been involved in p2p transactions with potentially dodgy people? Would it be safer to delete this account and make a new one that I only use to buy Bitcoin, send to cold wallet, and then back to coinbase when I need Fiat?

4 Comments
2024/07/10
21:20 UTC

3

How South America and Africa are mining Bitcoin for free

0 Comments
2024/07/10
20:54 UTC

20

Sell bitcoin from self custody 🚀

Hey! I’m Adam from bitcoinwell.com 👋🏼

We’re a bitcoin-only non custodial platform recently expanded into USA. Today I’m particularly excited because we just launched our Auto Convert bitcoin address feature

What is it?

  • sell bitcoin directly from self custody
  • funds arrive in your bank same day (if tx confirmed before 3PM EST)
  • no need to login to your account

How does it work?

  • login to bitcoinwell.com account
  • get your personal Auto Convert bitcoin address
  • send bitcoin to your Auto Convert bitcoin address any time! Every sat gets converted to dollars and sent directly to your bank

If you have any questions please let me know or check out this blog post!

If you want to give it a try, make an account at bitcoinwell.com/signup

Stay sovereign 🫡 Adam

ps - every time you buy and sell bitcoin, you earn points which are used to redeem Lightning rewards, which, you guessed it, are sent straight to your Lightning wallet 😎

39 Comments
2024/07/10
20:24 UTC

16

How do whales purchase BTC?

I’ve been curious about this for awhile now. Are they just wiring tens of millions of dollars to an exchange? If someone wants to purchase $20,000,000 worth of BTC, how do they pull this off safely?

28 Comments
2024/07/10
19:52 UTC

204

Hindsight is 2024

The year is 2031. I rember suddenly how in mid 2024 I was contemplating if I should by Bitcoin at 61k or 53k. Yesterday the price closed at 1.358m after a 0.6% drop of about 8k USD.

90 Comments
2024/07/10
18:48 UTC

0

Get to 0.21 Bitcoin as Fast as You Can! (Why 0.21 BTC is a Big Deal)

6 Comments
2024/07/10
18:37 UTC

47

Do you even auto invest bro?

14 Comments
2024/07/10
17:36 UTC

45

Could bitcoin ever be replaced?

29 Comments
2024/07/10
16:52 UTC

0

(not trying to troll) Can't bitcoin theoretically deflate indefinitely?

These are all hypothetical. I'm not speaking for banks or against bitcoin (I'm stacking myself).

I know bitcoin can not inflate, but can't it basically "deflate" indefinitely? You can just keep adding 0's the other way around

1 btc = $100

0.000000000000000000000000000000000000000000000000000001 btc = $100

And you can literally add an infinite amount of 0's, but just in the opposite direction.

Then people can take out loans for say .5 btc and owe .6 btc at a certain point, but then the wages go down even though they theoretically still are worth the same since there is a cap.

Most of me loves the concept of bitcoin, but another small bit of me still doesn't see why this wouldn't be an issue in the future.

I'm too much of an idiot to debate/argue this, so if you think I'm completely wrong that's ok. I'm just putting it out there.

EDIT: at least one down vote and 18 comments, I'm a bit afraid to scroll down. Sorry if I offended anyone

33 Comments
2024/07/10
16:16 UTC

11

Bitcoin Optech 309 Podcast: Murch and Mike Schmidt are joined by René Pickhardt

0 Comments
2024/07/10
16:01 UTC

228

“GOD BLESS BITCOIN” documentary coming out JULY 25th. Mark your calendars. Who’s watching ?

77 Comments
2024/07/10
15:51 UTC

16

Incoming Recession?

Hi All, I have been in and out of the crypto world since 2017 when the December rally happened. I was very naive and didn’t think Bitcoin would be worth buying at 20k and ended up wasting a lot of time trying to find the next shitcoin to make me a millionaire.

Anyway fast forward many years and I have decided to get my shit together. I have been focused on paying any debt I owe since January this year and in August I should hopefully be debt free!

My question is: as a newbie looking to stack some Sats, is this a good time to start accumulating? I only ask as I see many sources pointing to an overvaluation of the us stock market (AI bubble) which could see a huge correction (some even claiming a Great Recession…. again). The two main points they seem to mention is:

  1. Bitcoin has a strong correlation to the us stock market in general.

  2. Bitcoin is yet to be truly tested under a substantial recession albeit the last one being in 2008.

Would love to hear everyone’s opinion!

57 Comments
2024/07/10
15:43 UTC

7

"It said all of these things you can't use your money on"

1 Comment
2024/07/10
15:02 UTC

20

What do people exactly mean by Binance being "shady' and not safe 

Okey I get the horror stories, money stolen, stop loss not activating, hacked etc etc.. and don't get me wrong they are terrible and I would not wish for anyone to experience BUT having looked over a lot of similar exchanges (kraken, coinbase etc.) they all seem to honestly deal with similar problems at least in terms of anecdotal evidence. Is there really any hard data to say "Yea finance is objectively worse and you should not use it ?"

As a clarification one might say that Binanance seems to be in center of those stories more often but since they are as of now biggest exchange in the world it's statically more propable that stuff like mentioned can happen especially if a lot of it can be actually accredited to user doing something wrong -> not knowing it-> blaming on finance.

To be honest I'm just looking for my first exchange and debating kraken vs binance thus the post.

20 Comments
2024/07/10
14:54 UTC

0

Bitcoin mining on laptop is NOT a good idea.

Firstly, I downloaded EasyMiner on my personal Dell Inspiron 15 5518 and it didn't go really well. It does a hang and I need to restart laptop to restore functionality.

After the first attempt, I went to office and brought 27 HP ProBook 440 G7s. These laptops have 10th Generation i5 and i7 processor, some of them have 256 and 512GB SSD and some of them have 1TB 5400, 7200RPM HDDs, Windows 10 Enterprise LTSC 2021 installed and 32GB maxed RAM. Unlike my personal laptop which had 11th Generation i3 Processor, 8GB RAM and 512GB SSD and Windows 11 Home on my personal laptop.

I finished downloaded EasyMiner on these 27 laptops in April 4, 2024 and start mining in tomorrow at 12AM with 24/7 power on, plugged in and stayed in large desk in my room at office.

After about 3 months, 21 laptops turned off and won't startup but having 3 long beeps and 5 short beeps alongside with flashing Caps lock and Num lock light (CPU failure) and 6 laptops have an error message says thermal shutdown occurred but (al)most of them still fully functionally. Also, one in six of survived laptop have burned screen... might caused by heat and random crashes with the WHEA_UNCORRECTABLE_ERROR stopcode... (processor might be fail or something)

I learned and never did this stupid thing again and...

Thanks for reading, remember and tell your friends at office to not attempt to do this stupid thing. I made a big mistakes that money could buy my laptops...

13 Comments
2024/07/10
14:34 UTC

278

It’s crazy to see the fear & greed index at 28 (Fear) while Bitcoin at 58k

What a time to be alive.

(I’m sorry if this is low effort, it’s just wild to me)

92 Comments
2024/07/10
14:06 UTC

122

On this day in 2014, it would take 14 million android phones to mine a Bitcoin in 24 hours.

11 Comments
2024/07/10
13:56 UTC

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