/r/Bitcoin
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:
Sorted roughly by decreasing popularity.
Non-Bitcoin communities
Bitcoin Forum
Bitcoin Stack Exchange
Bitcoin Magazine
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.
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/r/Bitcoin
For those of you who use passphrases, are you using them with a 12 or 24 word seed? And on average, how many words are you using for the passphrase?
When comparing the examples below, is one more secure than the other?
Or
At $69K: ‘If it drops to $40K, I’m going all in.’
At $40K: ‘If it dips to $30K, I’m loading up.’
At $30K: ‘Might wait for $20K first.’
At $20K: ‘Let’s see if we hit $12K.’
At $12K: ‘Crypto is dead.’
At $100K: ‘Man, I should’ve bought at $30K.
I’m not complaining. Everything’s on sale in my eyes. What I don’t get is what tarrifs have to do with making money in the crypto market? Everyone had been through ups and downs before. What makes ppl panic sell? It seems crazy.
Like theres no way everyone thinks they need all their invested money back because tariffs are going to make us all broke. It just makes no sense to me.
If anything you should be buying more crypto knowing that fiat currency is getting weaker. Are people genuinely this stupid? Like everyone is going to dump and by next week or shortly after, everything will be up again. It’s fucking absurd lmao.
Right now is literally the time to stock pile crypto and make an insane amount of money in the near future. U don’t get a chance like this often.
It seems the price drop presents a great chance to buy on the dips. Is anyone taking advantage and stocking up?
With 195 countries in the world, Bitcoin crashes because of US tariffs—I’m curious, where are the members here from?
Drop your country in the comments below about why tariffs should or shouldn’t affect BTC! 🌍👇
As we are kind of entering a period where the dollar's value may be dropping rapidly soon. Does owning an etf that is tied to the value of bitcoin present any translational issues.
For example, buy 1 btc worth of value at 100k and btc goes up to 150k and cash out at 150k in usd. Was any value lost there?
At face value it seems like it's a 1 for 1 transaction, but curious if I'm missing something.
That's all, I started today. Let it rip, I've kept powder on the side for just this case.
So I completed a transaction in Bitcoin (btw) from a bet site and it hasn't shown in my mycelium wallet yet. My mycelium wallet still thinks that address is available to receive but it’s already been used and I’ve seen the hash on the blockchain. This transaction even shows 200+ confirmations on blockexplorer. Will this ever show up in my wallet?? Or am i doomed.
I’ve since stopped using mycelium, as I feel like this would not have happened on another wallet. Thoughts on if i can get the funds.
Too late to get on the train?
As described in the title.
I’ve been using Weex for trading, and recently I’ve encountered some serious issues that have made me question the platform’s legitimacy.
I initially deposited $35, traded futures, and ended up losing it all. Before I lost the entire balance, I withdrew $40 without any issues, and there were no problems with the cash out. After that, I left $25 on the platform and continued to trade. However, my account was recently frozen after depositing less than $50.
After reaching out to support, they accused me of violating regulations, including receiving trial bonuses for arbitrage, using multiple devices for trading, and illegally withdrawing activity rewards. These accusations are completely unfounded. I’ve never done any of that, and I’ve always followed the platform’s rules.
What really frustrates me is that I completed KYC verification less than three months ago, and now they’re asking me to do it again just to “consider unblocking” my account. This seems like a tactic to delay my funds, especially since I’ve already provided all required documents and was able to withdraw without issue before.
I’m starting to lose trust in Weex, and I’m considering sharing my experience publicly. Has anyone else faced similar issues with Weex? Is it normal for them to ask for KYC again so soon after verification? Is this legit practice, or is something fishy going on here?
I’d really appreciate any advice or to hear other people’s experiences with this platform.
Which is better for trading and holding btc and why? I remember Binance had legal issues in the past, but really having hard time comparing the two
I’m newer to crypto. I’ve been going back and forth on whether or not to believe Bitcoin has near infinite upside (several million a coin) or whether it will have a dark future. Saylor and Raoul Pal and many other Bitcoin maxis had moved me to the point of buying $4k worth and then planning $1k a week for a year, possibly further at weekly intervals.
I have come to a huge issue though with basic math. The argument for this huge valuation is that Bitcoin is rare. Only 21 million max. That is “somewhat” rare, but not extremely rare. There has to be other asset classes with a 21 mil supply that doesn’t put that off as being ectremely rare. Further, is the supply truly only 21 mil? Let’s assume BTC price is $100k for simplicity. Most dont buy a full btc. Let’s say a common purchase is $250. At current mcap rounded up to $2T, that would be 8B units if the whole supply was purchased at this rate. The simple fact that it won’t split like a stock doesn’t mean that the supply is only 20M units. If you can buy a fraction of a unit, then to me, there is more than 20M total out there. Far more
It brings me to this conclusion - if everyone on earth was given an equal amount of btc until it was gone, everyone would get $250 worth roughly. At $1M that equates to $2500 and at $10M (a hundred bagger from now), $25k. With that in mind, it’s so hard for me to see it go higher. Sorry about the TLDR - but how can you argue for btc values continuing to increase given that they provide no underlying tangible benefit and that it is currently valued at about $250 for every single person on the planet? I want to believe and invest heavily, but it seems almost impossible. However, where we’re at now seemed impossible 10 years ago. I may be wrong. I’d like to hear the counter to this. Not trying to start a shoving match here. Just dialogue. Thanks
Newish to Bitcoin and got started with an initial purchase while setting up a DCA on River. Like most people on here I quickly became obsessed with trying to make my wallets as secure and private as possible. Once I learned that all my BTC was purchased via KYC means I figured I should make it non-KYC, so I investigated CoinJoin options and P2P exchanges. Now I'm wondering if it's worth the headache and I should just keep stacking Sats the KYC way, especially since I'm planning on HODLing. Thoughts?
In the Bitcoin network, each block includes a timestamp indicating when the miner believes the block was created. This timestamp is set by the miner's system clock and is included in the block header. However, to maintain consistency and prevent manipulation, the Bitcoin protocol enforces specific rules regarding these timestamps:
These rules allow for minor discrepancies in individual miners' system clocks but prevent significant deviations that could disrupt the network. As a result, while miners do use their local time to set block timestamps, the protocol's constraints ensure that these times remain within an acceptable range, maintaining the integrity and chronological order of the blockchain.
Hey fellas. So a long time friend of mine decided he wants to get into bitcoin and wants me to help him understand or point him in the right direction. Can anyone help me out in explaining it to him aside from just telling him to read the white paper. Thanks in advance
On my iPhone I have Nunchuk hosting 5 wallets:
- 2 wallets generated by mobile Nunchuk (private keys for signing stored on iPhone - aka hot wallets)
- 3 wallets generated by Coldcard Q (private keys stored air gapped on Coldcard - aka cold wallets)
I am enjoying the Nunchuk app, however, as I learn more and more about UTXO's and general portfolio management, I'd like to use my desktop for more screen real estate. I've verified for authenticity and downloaded the desktop app (windows) to my computer (Surface Pro). However, I am having trouble loading the wallets. I haven't tried loading my cold wallets yet, however, trying to upload the hot wallets, I've already run into problems. My workflow has been the following:
On desktop: add key > add hardware key > continue > add air gapped key > scan QR code
I show my laptop the QR code generated by my phone (view wallet configuration > export wallet configuration > QR code > BC-UR2)
My desktop reads the QR code, then nothing. It says 100% read. Then nothing happens. I cannot click the continue button and there are no other options. I've also tried add add "air gapped key" > "import via file" and none of the file generated by my phone in Nunchuk are read (BSMS, Coldcard, Portal).
Looking for help. I understand the desktop app just needs the xpub file, but I'm having trouble connecting all these dots. Any help is appreciated.
Happy stacking