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Ah yes so many wars around trump presidency and they all stopped with no new ones when Biden got in! | r/bitcoin | Ah yes so many wars around trump presidency and they all stopped with no new ones when Biden got in! | r/Bitcoin | 2024-22-05 |
Why would it be the worst? | r/bitcoin | Why would it be the worst? | r/Bitcoin | 2024-22-05 |
Can bunch much worse than Barrack Drone Bomber. How that guy hasn’t had to give back his “Peace Prize” is just mystifying. | r/bitcoin | Can bunch much worse than Barrack Drone Bomber. How that guy hasn’t had to give back his “Peace Prize” is just mystifying. | r/Bitcoin | 2024-22-05 |
If john Deaton can unseat Elizabeth Warren, I’ll celebrate. Trump? You’re out of your mind. I was just hanging out with a Trump supporter friend he’s full on crazy, dinosaurs aren’t real, these are not coherent thoughts I’m sorry but they’re oddly popular among that base, it’s scary | r/bitcoin | If john Deaton can unseat Elizabeth Warren, I’ll celebrate. Trump? You’re out of your mind. I was just hanging out with a Trump supporter friend he’s full on crazy, dinosaurs aren’t real, these are not coherent thoughts I’m sorry but they’re oddly popular among that base, it’s scary | r/Bitcoin | 2024-22-05 |
Hunter Biden is still funneling money through the bank accounts. The biden crime family is insanely corrupt. | r/bitcoin | Hunter Biden is still funneling money through the bank accounts. The biden crime family is insanely corrupt. | r/Bitcoin | 2024-22-05 |
idk, maybe they like wars and having a pedophile in office. Which we can say now that we know Ashley Biden's diary is real. | r/bitcoin | idk, maybe they like wars and having a pedophile in office. Which we can say now that we know Ashley Biden's diary is real. | r/Bitcoin | 2024-22-05 |
Her diary and Hunter's laptop were always real, people just never cared for some reason. Nobody likes to admit their wrong I guess. | r/bitcoin | Her diary and Hunter's laptop were always real, people just never cared for some reason. Nobody likes to admit their wrong I guess. | r/Bitcoin | 2024-22-05 |
Without evidence this is just brainlet blather. What we have proof of is that Jared kushner took home 2 billion from the saudis. A bigger group of anti liberty shitbags the world has never known. We also know trump routed all travel and secret service expenses through his hotel chains and that staying in his over priced dc shithole was an easy way to legally throw money into his pockets. So far we haven’t even touched on the criminal complaints for which he is at trial for. None of this is conspiracy, it’s all just good old fashion grift. Please bring your Biden crime family evidence forward or shut the fuck up. | r/bitcoin | Without evidence this is just brainlet blather. What we have proof of is that Jared kushner took home 2 billion from the saudis. A bigger group of anti liberty shitbags the world has never known. We also know trump routed all travel and secret service expenses through his hotel chains and that staying in his over priced dc shithole was an easy way to legally throw money into his pockets. So far we haven’t even touched on the criminal complaints for which he is at trial for. None of this is conspiracy, it’s all just good old fashion grift. Please bring your Biden crime family evidence forward or shut the fuck up. | r/Bitcoin | 2024-22-05 |
> Without evidence this is just brainlet blather.
Literally most of these points are under a 1 minute google search.
>We also know trump routed all travel and secret service expenses through his hotel chains
He didn't. That was dunked almost before it was claimed.
>So far we haven’t even touched on the criminal complaints for which he is at trial for.
Yeah, Biden sicced his DOJ to persecute the upcoming president so he's guilty of election interference again.
>Please bring your Biden crime family evidence forward or shut the fuck up.
Sure. You really wanna talk about hunter biden and the laptop from hell? The big guy? How we know the ashley diary is real and joe showered with Ashley?
I noticed you didn't bring up the two wars that started under biden, the insane inflation (was only 2% under trump) and how he's ushering us into ww3. You got something for wars? | r/bitcoin | > Without evidence this is just brainlet blather.
Literally most of these points are under a 1 minute google search.
>We also know trump routed all travel and secret service expenses through his hotel chains
He didn't. That was dunked almost before it was claimed.
>So far we haven’t even touched on the criminal complaints for which he is at trial for.
Yeah, Biden sicced his DOJ to persecute the upcoming president so he's guilty of election interference again.
>Please bring your Biden crime family evidence forward or shut the fuck up.
Sure. You really wanna talk about hunter biden and the laptop from hell? The big guy? How we know the ashley diary is real and joe showered with Ashley?
I noticed you didn't bring up the two wars that started under biden, the insane inflation (was only 2% under trump) and how he's ushering us into ww3. You got something for wars? | r/Bitcoin | 2024-22-05 |
I read a study that said the dumber you are, the more unlikely you are to admit you're wrong. Dumb people just stick to their guns. I don't know why, but they do. | r/bitcoin | I read a study that said the dumber you are, the more unlikely you are to admit you're wrong. Dumb people just stick to their guns. I don't know why, but they do. | r/Bitcoin | 2024-22-05 |
I read a study......lol 😆😆😆 | r/bitcoin | I read a study......lol 😆😆😆 | r/Bitcoin | 2024-22-05 |
r/bitcoin | r/Bitcoin | 2024-22-05 |
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How? | r/bitcoin | How? | r/Bitcoin | 2024-22-05 |
OP has no idea. He just desperately wants to sound clever. Next up he'll start posting 1btc=1btc x Game Theory | r/bitcoin | OP has no idea. He just desperately wants to sound clever. Next up he'll start posting 1btc=1btc x Game Theory | r/Bitcoin | 2024-22-05 |
LOL, your Bitcoin poser I go card is full. | r/bitcoin | LOL, your Bitcoin poser I go card is full. | r/Bitcoin | 2024-22-05 |
Record profit doesn't mean a lot when inflation has been realistically ~20% over the past several years. You'd have to look at profit margins.
This just sounds like the same hive mind nonsense I hear spewed all over every other reddit sub every day.
Also, how exactly does BTC fix this? | r/bitcoin | Record profit doesn't mean a lot when inflation has been realistically ~20% over the past several years. You'd have to look at profit margins.
This just sounds like the same hive mind nonsense I hear spewed all over every other reddit sub every day.
Also, how exactly does BTC fix this? | r/Bitcoin | 2024-22-05 |
Yes, companies will have to be more competitive instead of profiting via bailouts, subsidies, interest free loans (benefit from from inflation theft) | r/bitcoin | Yes, companies will have to be more competitive instead of profiting via bailouts, subsidies, interest free loans (benefit from from inflation theft) | r/Bitcoin | 2024-22-05 |
Ok..if record profits are down to inflation why don’t we have record wages? | r/bitcoin | Ok..if record profits are down to inflation why don’t we have record wages? | r/Bitcoin | 2024-22-05 |
....we do
https://tradingeconomics.com/united-states/wages | r/bitcoin | ....we do
https://tradingeconomics.com/united-states/wages | r/Bitcoin | 2024-22-05 |
But wages haven’t risen at anything close to the same rate as corporate profits. When was the last time the US minimum wage was increased? Early 2000s?
If you account for inflation (which is what you’re suggesting OP should do) then wages are in the toilet compared to profits and productivity | r/bitcoin | But wages haven’t risen at anything close to the same rate as corporate profits. When was the last time the US minimum wage was increased? Early 2000s?
If you account for inflation (which is what you’re suggesting OP should do) then wages are in the toilet compared to profits and productivity | r/Bitcoin | 2024-22-05 |
**From 1979 to 2020, net productivity rose 61.8%, while the hourly pay of typical workers grew far slower—increasing only 17.5% over four decades (after adjusting for inflation).**
Bitcoin, as a decentralized digital currency, has the potential to address several issues related to wealth distribution and financial systems that contribute to the wage-productivity gap.
**Here are 5 ways Bitcoin fixes these problems:**
1. Decentralization and financial inclusion - Opens up financial services to individuals who are excluded from traditional banking systems, allowing them to participate in the global economy more easily.
2. Reduced transaction costs - Bitcoin transactions can be faster and cheaper, potentially reducing the costs associated with sending remittances or making cross-border payments.
3. Protection against inflation - Bitcoin's limited supply (capped at 21 million coins) provides a hedge against inflation, unlike fiat currencies that can be devalued by central banks through mechanisms like quantitative easing.
4. Financial empowerment - Bitcoin allows individuals to have full control over their funds without the need for intermediaries like banks.
5. Micropayments and fractional ownership - Bitcoin's divisibility allows for micropayments, enabling new business models where individuals can earn small amounts for various digital tasks or services. Additionally, bitcoin's ability to represent ownership rights digitally opens up opportunities for fractional ownership of assets, potentially democratizing access to wealth-generating opportunities like real estate or stocks. | r/bitcoin | **From 1979 to 2020, net productivity rose 61.8%, while the hourly pay of typical workers grew far slower—increasing only 17.5% over four decades (after adjusting for inflation).**
Bitcoin, as a decentralized digital currency, has the potential to address several issues related to wealth distribution and financial systems that contribute to the wage-productivity gap.
**Here are 5 ways Bitcoin fixes these problems:**
1. Decentralization and financial inclusion - Opens up financial services to individuals who are excluded from traditional banking systems, allowing them to participate in the global economy more easily.
2. Reduced transaction costs - Bitcoin transactions can be faster and cheaper, potentially reducing the costs associated with sending remittances or making cross-border payments.
3. Protection against inflation - Bitcoin's limited supply (capped at 21 million coins) provides a hedge against inflation, unlike fiat currencies that can be devalued by central banks through mechanisms like quantitative easing.
4. Financial empowerment - Bitcoin allows individuals to have full control over their funds without the need for intermediaries like banks.
5. Micropayments and fractional ownership - Bitcoin's divisibility allows for micropayments, enabling new business models where individuals can earn small amounts for various digital tasks or services. Additionally, bitcoin's ability to represent ownership rights digitally opens up opportunities for fractional ownership of assets, potentially democratizing access to wealth-generating opportunities like real estate or stocks. | r/Bitcoin | 2024-22-05 |
Thanks ChatGPT | r/bitcoin | Thanks ChatGPT | r/Bitcoin | 2024-22-05 |
Source: https://www.epi.org/productivity-pay-gap/#:\~:text=The%20result%20of%20this%20policy,(after%20adjusting%20for%20inflation). | r/bitcoin | Source: https://www.epi.org/productivity-pay-gap/#:\~:text=The%20result%20of%20this%20policy,(after%20adjusting%20for%20inflation). | r/Bitcoin | 2024-22-05 |
*"Hey ChatGPT, can you.."* ahh post lol | r/bitcoin | *"Hey ChatGPT, can you.."* ahh post lol | r/Bitcoin | 2024-22-05 |
r/lostredditors lol | r/bitcoin | r/lostredditors lol | r/Bitcoin | 2024-22-05 |
It doesn't. Bitcoin will be so limited in supply on a global level that companies won't be able to pay wages in it.
They won't have enough.
Historically a new company could take out a loan to pay wages. It earns money. It pays the loan back
Loans don't work in the deflationary world
Who would lend their bitcoin to a company knowing they are likely to never get it back. Bitcoin, the most valuable asset on the planet. I'm not lending it.
The company owes 100 bitcoins. It has 5 bitcoin profit in year one. Bit bitcoin only ever gets more valuable. So even though the company is doing lots of business and is growing, it still only makes 5 bitcoin profit. And the following year it makes 4 in profit, because bitcoin got more valuable again.
But Saylor wants his bitcoins back and obviously he's charging interest. Why would he lend it for nothing.
The company owes 110 bitcoins.
It will pay the workers less bitcoin but it has to sell its products for less and makes less profit. It could invest in a new factory to improve efficiency and profit. But... It doesn't have the bitcoins and a bigger loan is just suicide at this point, servicing the startup costs is already killing the company.
Meanwhile the workers have mortgages to pay. Their mortgages go from 6 bitcoins to 7 due to interest. But their wages go from 0.5 a year to 0.4. assuming the company can get hold of enough bitcoins to pay wages because no one wants to give these fuckers up. They are just too valuable.
No one is actually buying a car, or whatever, from this company unless they really really have to. The cost of the car will be less bitcoins next year and they are precious, I need all the coins I can get to pay off my increasing loan debt.
So the company isn't doing well. The whole economy doesn't do well because deflation slows everything down. Economies need money to move. But no one wants to lose bitcoins. Tax isn't collected. Governments can't print money so there is little they can do. They simply don't have the bitcoins to build that new airport which would boost the economy, and no one will lend to them.
Basic services crumble, infrastructure is not maintained, there is civil unrest as gen z get older and realise that merely being born later means they will never be able to get hold of many coins. There are no new coins for them. They are slaves to coin holders.
Wait, I digress, what does bitcoin solve again? Gets me a Lambo you say? Got it. Let's go! | r/bitcoin | It doesn't. Bitcoin will be so limited in supply on a global level that companies won't be able to pay wages in it.
They won't have enough.
Historically a new company could take out a loan to pay wages. It earns money. It pays the loan back
Loans don't work in the deflationary world
Who would lend their bitcoin to a company knowing they are likely to never get it back. Bitcoin, the most valuable asset on the planet. I'm not lending it.
The company owes 100 bitcoins. It has 5 bitcoin profit in year one. Bit bitcoin only ever gets more valuable. So even though the company is doing lots of business and is growing, it still only makes 5 bitcoin profit. And the following year it makes 4 in profit, because bitcoin got more valuable again.
But Saylor wants his bitcoins back and obviously he's charging interest. Why would he lend it for nothing.
The company owes 110 bitcoins.
It will pay the workers less bitcoin but it has to sell its products for less and makes less profit. It could invest in a new factory to improve efficiency and profit. But... It doesn't have the bitcoins and a bigger loan is just suicide at this point, servicing the startup costs is already killing the company.
Meanwhile the workers have mortgages to pay. Their mortgages go from 6 bitcoins to 7 due to interest. But their wages go from 0.5 a year to 0.4. assuming the company can get hold of enough bitcoins to pay wages because no one wants to give these fuckers up. They are just too valuable.
No one is actually buying a car, or whatever, from this company unless they really really have to. The cost of the car will be less bitcoins next year and they are precious, I need all the coins I can get to pay off my increasing loan debt.
So the company isn't doing well. The whole economy doesn't do well because deflation slows everything down. Economies need money to move. But no one wants to lose bitcoins. Tax isn't collected. Governments can't print money so there is little they can do. They simply don't have the bitcoins to build that new airport which would boost the economy, and no one will lend to them.
Basic services crumble, infrastructure is not maintained, there is civil unrest as gen z get older and realise that merely being born later means they will never be able to get hold of many coins. There are no new coins for them. They are slaves to coin holders.
Wait, I digress, what does bitcoin solve again? Gets me a Lambo you say? Got it. Let's go! | r/Bitcoin | 2024-22-05 |
More competitive? So they could build a new more efficient factory for example? So take out a loan?
But how do they pay back a loan in bitcoins?
The lender will want interest, else why take the risk. You also wrote that you are against profiting from interest free loans, so this is even part of the appeal to you.
So the loan increases. But bitcoin gets more valuable so all things being equal a company makes less profits each year and pays its workers less coins.
But the loan is getting bigger! They can never pay off this loan. So no one would lend to them. So they aren't getting a new factory.
I mean, it's very easy to write that they'll "have to be more competitive" but when you start thinking about how this is achieved and how a company meets its obligations it falls apart *very* quickly.
There are so many holes. I can sit here all day. A company buys components/materials for the product at 0.9 bitcoin in advance. Hoping to sell the product at 1. But thanks to deflation the product can now only sell at 0.9. The company's profit is wiped out. What's more, it took a loan to buy the materials and now owes more, because we don't like interest free loans. The lender calls in the debt and the company collapses.
Bonkers. | r/bitcoin | More competitive? So they could build a new more efficient factory for example? So take out a loan?
But how do they pay back a loan in bitcoins?
The lender will want interest, else why take the risk. You also wrote that you are against profiting from interest free loans, so this is even part of the appeal to you.
So the loan increases. But bitcoin gets more valuable so all things being equal a company makes less profits each year and pays its workers less coins.
But the loan is getting bigger! They can never pay off this loan. So no one would lend to them. So they aren't getting a new factory.
I mean, it's very easy to write that they'll "have to be more competitive" but when you start thinking about how this is achieved and how a company meets its obligations it falls apart *very* quickly.
There are so many holes. I can sit here all day. A company buys components/materials for the product at 0.9 bitcoin in advance. Hoping to sell the product at 1. But thanks to deflation the product can now only sell at 0.9. The company's profit is wiped out. What's more, it took a loan to buy the materials and now owes more, because we don't like interest free loans. The lender calls in the debt and the company collapses.
Bonkers. | r/Bitcoin | 2024-22-05 |
Nooo averages are not really the averages… they are skewed by top earners. The real average is “median” here check this - https://www.statista.com/statistics/185335/median-hourly-earnings-of-wage-and-salary-workers/ | r/bitcoin | Nooo averages are not really the averages… they are skewed by top earners. The real average is “median” here check this - https://www.statista.com/statistics/185335/median-hourly-earnings-of-wage-and-salary-workers/ | r/Bitcoin | 2024-22-05 |
Too long homie, tl;dr? | r/bitcoin | Too long homie, tl;dr? | r/Bitcoin | 2024-22-05 |
Unfortunately wages traditionally lag. But they do rise.
I mean, the US has many problems and they won't be solved by Bitcoin. Unfortunately your democracy needs a complete overhaul and that just seems impossible. Yay, Trump or Biden as your next president of a system that is paralysed anyway.
Anyway, I've got pay rises matching inflation since forever. My company links rises to our inflation index.
This is awesome because my mortgage repayments are level. I used to really feel each payment but now I can sneeze one.
Personally, I feel better off.
It's a system that works for many, but not everyone.
Bitcoin would work for some, but not many. It will work for people who have coins. Those that don't will be slaves to the holders.
Which is better? I suspect I'll be dead before ever seeing bitcoin adoption. So I'll never know!
Lol I just got a news alert, inflation has fallen to 2.3% here. I think we will survive.
Inflation went crazy because of the pandemic. But that too shall pass as some wise guy once said. | r/bitcoin | Unfortunately wages traditionally lag. But they do rise.
I mean, the US has many problems and they won't be solved by Bitcoin. Unfortunately your democracy needs a complete overhaul and that just seems impossible. Yay, Trump or Biden as your next president of a system that is paralysed anyway.
Anyway, I've got pay rises matching inflation since forever. My company links rises to our inflation index.
This is awesome because my mortgage repayments are level. I used to really feel each payment but now I can sneeze one.
Personally, I feel better off.
It's a system that works for many, but not everyone.
Bitcoin would work for some, but not many. It will work for people who have coins. Those that don't will be slaves to the holders.
Which is better? I suspect I'll be dead before ever seeing bitcoin adoption. So I'll never know!
Lol I just got a news alert, inflation has fallen to 2.3% here. I think we will survive.
Inflation went crazy because of the pandemic. But that too shall pass as some wise guy once said. | r/Bitcoin | 2024-22-05 |
I never understood why people say the supply is too limited. If the supply is low the price just goes up until people are willing to sell. There’s always going to be a price that people will be willing to sell. | r/bitcoin | I never understood why people say the supply is too limited. If the supply is low the price just goes up until people are willing to sell. There’s always going to be a price that people will be willing to sell. | r/Bitcoin | 2024-22-05 |
This chart literally proves my point also though? I'm not highlighting the hourly amount between the mean or median, I'm highlighting the trend. | r/bitcoin | This chart literally proves my point also though? I'm not highlighting the hourly amount between the mean or median, I'm highlighting the trend. | r/Bitcoin | 2024-22-05 |
You’re right In the sense. Wages have been increasing but inflation has been outpacing it. | r/bitcoin | You’re right In the sense. Wages have been increasing but inflation has been outpacing it. | r/Bitcoin | 2024-22-05 |
??? | r/bitcoin | ??? | r/Bitcoin | 2024-22-05 |
Not really tho. The two are unrelated lol | r/bitcoin | Not really tho. The two are unrelated lol | r/Bitcoin | 2024-22-05 |
Hola queria consultar si hago un deposito de beth ya que no puedo convertir ni retirar, me va a llegar el dinero que habia invertido en beth? O que alguien sepa como retirar el dinero que inverti en beth | r/bitcoin | Hola queria consultar si hago un deposito de beth ya que no puedo convertir ni retirar, me va a llegar el dinero que habia invertido en beth? O que alguien sepa como retirar el dinero que inverti en beth | r/Bitcoin | 2024-22-05 |
A que refieres con que te llego deposito? No explicaste suficiente de la situación para poder entender que sucede. | r/bitcoin | A que refieres con que te llego deposito? No explicaste suficiente de la situación para poder entender que sucede. | r/Bitcoin | 2024-22-05 |
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I’m trying to buy crypto on tails/tor, is there any exchange websites or apps I’d be able to download that I can buy btc on and doesn’t require verification and stuff. Thanks. | r/bitcoin | I’m trying to buy crypto on tails/tor, is there any exchange websites or apps I’d be able to download that I can buy btc on and doesn’t require verification and stuff. Thanks. | r/Bitcoin | 2024-22-05 |
Robosats and bisq | r/bitcoin | Robosats and bisq | r/Bitcoin | 2024-22-05 |
I have personally used Binance and Coinbase which is centralized with KYC unfortunately and non-KYC like Localcoinswap when it comes to that. I haven't used Bitmart before but I have heard similar solution also as Localcoinswap.
I hope you find the solution you needed. | r/bitcoin | I have personally used Binance and Coinbase which is centralized with KYC unfortunately and non-KYC like Localcoinswap when it comes to that. I haven't used Bitmart before but I have heard similar solution also as Localcoinswap.
I hope you find the solution you needed. | r/Bitcoin | 2024-22-05 |
Doesn't that save your details on the app somehow? | r/bitcoin | Doesn't that save your details on the app somehow? | r/Bitcoin | 2024-23-05 |
How does a bitcoin atm work? Do you receive a printed receipt? I saw one last week at a store near me but didn’t have time to check it out. | r/bitcoin | How does a bitcoin atm work? Do you receive a printed receipt? I saw one last week at a store near me but didn’t have time to check it out. | r/Bitcoin | 2024-22-05 |
r/bitcoin | r/Bitcoin | 2024-22-05 |
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Wow, seeing it on a graph really puts it in perspective | r/bitcoin | Wow, seeing it on a graph really puts it in perspective | r/Bitcoin | 2024-22-05 |
My friend told me that someone hacked into his coinbase account through sim swap and stole $200k using 2FA. Has anyone had this happen? Only want to hear from people who had a similar experience with large sums of money please.
| r/bitcoin | My friend told me that someone hacked into his coinbase account through sim swap and stole $200k using 2FA. Has anyone had this happen? Only want to hear from people who had a similar experience with large sums of money please.
| r/Bitcoin | 2024-22-05 |
Trusted 3rd parties are security holes. Not your keys, not your coins. | r/bitcoin | Trusted 3rd parties are security holes. Not your keys, not your coins. | r/Bitcoin | 2024-22-05 |
Who can you trust anymore…. | r/bitcoin | Who can you trust anymore…. | r/Bitcoin | 2024-22-05 |
Yourself. That is why bitcoin exists, to self custody.
The whole point is that you can verify yourself and hold yourself. Not your keys, not your coins. | r/bitcoin | Yourself. That is why bitcoin exists, to self custody.
The whole point is that you can verify yourself and hold yourself. Not your keys, not your coins. | r/Bitcoin | 2024-22-05 |
With that much money your friend should have had some sort of authenticator app sim swap is very common and he was most likely targeted | r/bitcoin | With that much money your friend should have had some sort of authenticator app sim swap is very common and he was most likely targeted | r/Bitcoin | 2024-22-05 |
Surely coinbase swallow this loss? Otherwise etf is better if you dont hold yourself. | r/bitcoin | Surely coinbase swallow this loss? Otherwise etf is better if you dont hold yourself. | r/Bitcoin | 2024-22-05 |
If you are going to keep that much on an exchange. Should be using a YubiKey or something similar. Not SMS or even an authentication app. | r/bitcoin | If you are going to keep that much on an exchange. Should be using a YubiKey or something similar. Not SMS or even an authentication app. | r/Bitcoin | 2024-22-05 |
Authenticator app has issues too. Should be using a YubiKey or something similar. | r/bitcoin | Authenticator app has issues too. Should be using a YubiKey or something similar. | r/Bitcoin | 2024-22-05 |
I wish Coinbase wasn't absurdly greedy by rehypothecating user funds. If they actually had the best interest of their customers in mind, they would go out of their way to make sure people know how to self custody their BTC. Its fucked, cuz if you have $250,000 stolen from your bank account, FDIC replaces it. But there isn't a goddamn thing insurance can do about stolen BTC. If you know how to properly store 12 words, then NO ONE can steal your BTC. Theres SIGNIFICANTLY more 12-word seed phrases than atoms in the Milky Way Galaxy. On the other hand, there's only a small handful of steps to hack into someone's crypto exchange account. Given those are a difficult handful of steps, compared to the 5,148,978,970,000,000,000,000,000,000,000,000,000,000 possible 12-word seed phrases, I think self custody might be the safer route, but im not a mathematician, so yeah...
"NOT YOUR KEYS. NOT YOUR COINS."
Sorry for your friends loss. | r/bitcoin | I wish Coinbase wasn't absurdly greedy by rehypothecating user funds. If they actually had the best interest of their customers in mind, they would go out of their way to make sure people know how to self custody their BTC. Its fucked, cuz if you have $250,000 stolen from your bank account, FDIC replaces it. But there isn't a goddamn thing insurance can do about stolen BTC. If you know how to properly store 12 words, then NO ONE can steal your BTC. Theres SIGNIFICANTLY more 12-word seed phrases than atoms in the Milky Way Galaxy. On the other hand, there's only a small handful of steps to hack into someone's crypto exchange account. Given those are a difficult handful of steps, compared to the 5,148,978,970,000,000,000,000,000,000,000,000,000,000 possible 12-word seed phrases, I think self custody might be the safer route, but im not a mathematician, so yeah...
"NOT YOUR KEYS. NOT YOUR COINS."
Sorry for your friends loss. | r/Bitcoin | 2024-22-05 |
app is much safer than sim | r/bitcoin | app is much safer than sim | r/Bitcoin | 2024-22-05 |
Happened to my friends boss. Lost around $150k. He went to the fbi and he filed a lawsuit against his cell phone carrier. He will recoup some but not all his money. Shitty situation all around. | r/bitcoin | Happened to my friends boss. Lost around $150k. He went to the fbi and he filed a lawsuit against his cell phone carrier. He will recoup some but not all his money. Shitty situation all around. | r/Bitcoin | 2024-22-05 |
Trust a hard wallet ledger my friend | r/bitcoin | Trust a hard wallet ledger my friend | r/Bitcoin | 2024-22-05 |
coinb.in | r/bitcoin | coinb.in | r/Bitcoin | 2024-22-05 |
Just google Reddit crypto sim swap there have been enough posts for a warning | r/bitcoin | Just google Reddit crypto sim swap there have been enough posts for a warning | r/Bitcoin | 2024-22-05 |
Do you know if he’s paying the attorney by the hour or is it a contingency arrangement where he gets 35% of whatever he recovers for him? | r/bitcoin | Do you know if he’s paying the attorney by the hour or is it a contingency arrangement where he gets 35% of whatever he recovers for him? | r/Bitcoin | 2024-22-05 |
That’s a tough one bro honestly, Bitcoin does have different 2FA’s he should’ve had that on for Coinbase for sure | r/bitcoin | That’s a tough one bro honestly, Bitcoin does have different 2FA’s he should’ve had that on for Coinbase for sure | r/Bitcoin | 2024-22-05 |
So attorney is getting 30% off whatever he recovers for him | r/bitcoin | So attorney is getting 30% off whatever he recovers for him | r/Bitcoin | 2024-22-05 |
*of | r/bitcoin | *of | r/Bitcoin | 2024-22-05 |
Yo you know what, I might’ve been mistaken in my understanding. Instead, adding a pin code to your carrier account will help prevent this (not a pin code on the card itself). Sorry for sounding confident while not being accurate. And thanks for pointing it out | r/bitcoin | Yo you know what, I might’ve been mistaken in my understanding. Instead, adding a pin code to your carrier account will help prevent this (not a pin code on the card itself). Sorry for sounding confident while not being accurate. And thanks for pointing it out | r/Bitcoin | 2024-22-05 |
My friend told me Coinbase put too much in his account and he doesn't know how to spend the extra 500k. I hear this happens regularly. | r/bitcoin | My friend told me Coinbase put too much in his account and he doesn't know how to spend the extra 500k. I hear this happens regularly. | r/Bitcoin | 2024-23-05 |
Not coinbase fault. They alert you to this everytime you sign in and prompt you to set up passphrase. Tell him to sue Verizon. | r/bitcoin | Not coinbase fault. They alert you to this everytime you sign in and prompt you to set up passphrase. Tell him to sue Verizon. | r/Bitcoin | 2024-23-05 |
Nobody covers stupid. Etf broker would release finds as well if left unsecured like this. | r/bitcoin | Nobody covers stupid. Etf broker would release finds as well if left unsecured like this. | r/Bitcoin | 2024-23-05 |
Listen to the most recent episode of What bitcoin did. Junseth had an entire conversation with one of these scammers and recorded it.
https://fountain.fm/episode/KPbtJEcjY3ZxHkL8Ix7W | r/bitcoin | Listen to the most recent episode of What bitcoin did. Junseth had an entire conversation with one of these scammers and recorded it.
https://fountain.fm/episode/KPbtJEcjY3ZxHkL8Ix7W | r/Bitcoin | 2024-23-05 |
This is what happens when people dox themselves and brag online. They get targeted. Should have had it on a hardware wallet. | r/bitcoin | This is what happens when people dox themselves and brag online. They get targeted. Should have had it on a hardware wallet. | r/Bitcoin | 2024-23-05 |
What is the HODL / Full-send bitcoin-er’s response to some of the traditional investing world’s top personalities - IE: Buffet, Munger, Pabrai, etc.?
Additional question, what is the purpose of bitcoin for you; Store of Value (like a commodity), currency replacement, or something else?
I’m 29 with a job that enables me to max out a traditional 401K and 2 Roth IRAs (1 for my wife & 1 for me). For the sake of not driving myself crazy I’ve basically stuck to a soft-Boglehead method in order to avoid constant emotional distress on “stock go up, stock go down”.
I’ve bought and sold bitcoin a few times since 2019. However, I haven’t held any bitcoin for over a year now. Now that their is institutional acceptance through the ETFs, I’ve been reading more & watching long format videos on bitcoin over the last few months. The most compelling content I see has come from Saylor - however, the content he features in is so compelling that I’m finding my “too good to be true” senses tingling. This feeling seems to fall in line with what some of those more famous traditional investors say.
I’m still refreshing and getting some more knowledge since the space, tech, exchanges, etc have continued to evolve since I first got into it.
At this point, I’m mostly viewing bitcoin as a store of value. As I just don’t see (or maybe don’t understand) the way it replaces fiat. I’m considering the idea of DCA until it hits 5-10% of my retirement portfolio value, as my risk tolerance can withstand that money being lost (worst case scenario). However, I’m not sure at this point if I’m buying bitcoin to “hold forever” or if I’m buying it because I just want the “gains” I’ve been seeing over its initial 15 year period…
I guess a follow up question to all of this is how are folks that are traditionally investing AS WELL buying BTC, feelings and going about their diversification?
OR
How are folks that don’t traditionally invest at all anymore feeling and why don’t they hold any value in any sort of traditional investing.
Thanks for your time & for sharing your thoughts in advance!
| r/bitcoin | What is the HODL / Full-send bitcoin-er’s response to some of the traditional investing world’s top personalities - IE: Buffet, Munger, Pabrai, etc.?
Additional question, what is the purpose of bitcoin for you; Store of Value (like a commodity), currency replacement, or something else?
I’m 29 with a job that enables me to max out a traditional 401K and 2 Roth IRAs (1 for my wife & 1 for me). For the sake of not driving myself crazy I’ve basically stuck to a soft-Boglehead method in order to avoid constant emotional distress on “stock go up, stock go down”.
I’ve bought and sold bitcoin a few times since 2019. However, I haven’t held any bitcoin for over a year now. Now that their is institutional acceptance through the ETFs, I’ve been reading more & watching long format videos on bitcoin over the last few months. The most compelling content I see has come from Saylor - however, the content he features in is so compelling that I’m finding my “too good to be true” senses tingling. This feeling seems to fall in line with what some of those more famous traditional investors say.
I’m still refreshing and getting some more knowledge since the space, tech, exchanges, etc have continued to evolve since I first got into it.
At this point, I’m mostly viewing bitcoin as a store of value. As I just don’t see (or maybe don’t understand) the way it replaces fiat. I’m considering the idea of DCA until it hits 5-10% of my retirement portfolio value, as my risk tolerance can withstand that money being lost (worst case scenario). However, I’m not sure at this point if I’m buying bitcoin to “hold forever” or if I’m buying it because I just want the “gains” I’ve been seeing over its initial 15 year period…
I guess a follow up question to all of this is how are folks that are traditionally investing AS WELL buying BTC, feelings and going about their diversification?
OR
How are folks that don’t traditionally invest at all anymore feeling and why don’t they hold any value in any sort of traditional investing.
Thanks for your time & for sharing your thoughts in advance!
| r/Bitcoin | 2024-22-05 |
Bitcoin is the best performing asset over the last decade. I see no reason why that won't be true for the next decade or two. It certainly will destroy any index funds for the next 30 years.
I model my own investment approach to Buffet. When people are greedy be fearful (stock market at all time high) and see value where others don't. Put all your eggs in that basket. Become wealthy. | r/bitcoin | Bitcoin is the best performing asset over the last decade. I see no reason why that won't be true for the next decade or two. It certainly will destroy any index funds for the next 30 years.
I model my own investment approach to Buffet. When people are greedy be fearful (stock market at all time high) and see value where others don't. Put all your eggs in that basket. Become wealthy. | r/Bitcoin | 2024-22-05 |
I saw that it’s performing better than anything by a long shot since inception and that’s great if that continues for the next 30 years. What is the reason you see for why it has out-performed and why it will continue?
I often see the ideas of “fiat replacement” & “store of value” (as stated in the original post) get thrown around but I’m highly skeptical of it becoming a fiat replacement & if it’s only a store of value then at what point does the asset level off or become less desirable? Follow up, what is propping the price of the asset other than demand and FUD? | r/bitcoin | I saw that it’s performing better than anything by a long shot since inception and that’s great if that continues for the next 30 years. What is the reason you see for why it has out-performed and why it will continue?
I often see the ideas of “fiat replacement” & “store of value” (as stated in the original post) get thrown around but I’m highly skeptical of it becoming a fiat replacement & if it’s only a store of value then at what point does the asset level off or become less desirable? Follow up, what is propping the price of the asset other than demand and FUD? | r/Bitcoin | 2024-22-05 |
I think that Jeff Booth sums this up very well. I may not be as binary on my views as he but I do agree with one statment he makes all the time.
It is impossible to see all solutions to a problem from within the paradigm of that problem.
i.e. it is impossible to see both: how toxic and dangerous our global financial system has become; nor how it can be saved/fixed/reformed from within it.
One has to make a leap of cognitive courage to first acknowledge the extent to which we exist within the current global fiat financial system, and secondly how that limitation is preventing you from seeing solutions that come from outside it.
Its not easy! economically the financial system is like air and water is to us biologically. We have trouble thinking about life outside these things. But unlike benign and physical things like air and water, our financial system is wholly a human construct. It was conceived using both the awesome human imaginative intellect and with all of our human frailties like greed and fear.
What we see in Bitcoin is an amazing immaculate conception of a protocol (a set of rules embedded in and expressed as a specific form of computer communication) which removes to as great an extent as possible the human frailties like greed and fear permanently from the operations of money.
How do we know it was an immaculate conception?
We don't.
But we do know that we can see the hard rules of the protocol and examine them (network software is always subservient to the protocol). 15y of examination, and study, and debate, and attack have not managed to undermine the operation of Bitcoin, nor expose any fatal flaws in its protocol.
I cannot say that a flaw may not appear - neither can I say that Bitcoin will still be running as we know it today in 10-20y.
But can we say this of anything?
I see it as a comparative argument. How likely is it to survive in its current state is it vs debt based fiat money? | r/bitcoin | I think that Jeff Booth sums this up very well. I may not be as binary on my views as he but I do agree with one statment he makes all the time.
It is impossible to see all solutions to a problem from within the paradigm of that problem.
i.e. it is impossible to see both: how toxic and dangerous our global financial system has become; nor how it can be saved/fixed/reformed from within it.
One has to make a leap of cognitive courage to first acknowledge the extent to which we exist within the current global fiat financial system, and secondly how that limitation is preventing you from seeing solutions that come from outside it.
Its not easy! economically the financial system is like air and water is to us biologically. We have trouble thinking about life outside these things. But unlike benign and physical things like air and water, our financial system is wholly a human construct. It was conceived using both the awesome human imaginative intellect and with all of our human frailties like greed and fear.
What we see in Bitcoin is an amazing immaculate conception of a protocol (a set of rules embedded in and expressed as a specific form of computer communication) which removes to as great an extent as possible the human frailties like greed and fear permanently from the operations of money.
How do we know it was an immaculate conception?
We don't.
But we do know that we can see the hard rules of the protocol and examine them (network software is always subservient to the protocol). 15y of examination, and study, and debate, and attack have not managed to undermine the operation of Bitcoin, nor expose any fatal flaws in its protocol.
I cannot say that a flaw may not appear - neither can I say that Bitcoin will still be running as we know it today in 10-20y.
But can we say this of anything?
I see it as a comparative argument. How likely is it to survive in its current state is it vs debt based fiat money? | r/Bitcoin | 2024-22-05 |
The world has been in a Fiat experiment since 1971......news flash it's not working. You can't have a monetary system in place that allows countries to literal print money on a whim. It skews everything from inflation data to worldwide prices. Add the fact that they lie about the inflation numbers anyways so it's worse than what they are saying. Bitcoin is going to gobble the world and reprice everything I think it will even take golds store of value property. Gold will have value cause well gold has value. I just don't see it being so widely used as a store of value when Bitcoin is far superior. What people should be doing is studying our current financial system, after that it's pretty obvious what you should do. The clock is ticking.... | r/bitcoin | The world has been in a Fiat experiment since 1971......news flash it's not working. You can't have a monetary system in place that allows countries to literal print money on a whim. It skews everything from inflation data to worldwide prices. Add the fact that they lie about the inflation numbers anyways so it's worse than what they are saying. Bitcoin is going to gobble the world and reprice everything I think it will even take golds store of value property. Gold will have value cause well gold has value. I just don't see it being so widely used as a store of value when Bitcoin is far superior. What people should be doing is studying our current financial system, after that it's pretty obvious what you should do. The clock is ticking.... | r/Bitcoin | 2024-22-05 |
For me, it's savings and implies a hedge against currency debasement. I will not sell any bitcoin but instead borrow against it in retirement. | r/bitcoin | For me, it's savings and implies a hedge against currency debasement. I will not sell any bitcoin but instead borrow against it in retirement. | r/Bitcoin | 2024-22-05 |
This is a great episode of Bitcoin Audible that I like to show to my trad-fi friends. This podcast is a very high level show when it comes to the philosophy of Bitcoin's value and utility. Highly recommend
Its a reading of something written by a trad-fi guy and why he can't see the value in Bitcoin, and it gets broken down to where the disconnect is in all of his statements and thought processes.
Really ties things together for people who already have a good grasp of investing etc.
[https://open.spotify.com/episode/5cKQETQdvvoYy5WJfBNB7q?si=3ce13676f51e4066](https://open.spotify.com/episode/5cKQETQdvvoYy5WJfBNB7q?si=3ce13676f51e4066) | r/bitcoin | This is a great episode of Bitcoin Audible that I like to show to my trad-fi friends. This podcast is a very high level show when it comes to the philosophy of Bitcoin's value and utility. Highly recommend
Its a reading of something written by a trad-fi guy and why he can't see the value in Bitcoin, and it gets broken down to where the disconnect is in all of his statements and thought processes.
Really ties things together for people who already have a good grasp of investing etc.
[https://open.spotify.com/episode/5cKQETQdvvoYy5WJfBNB7q?si=3ce13676f51e4066](https://open.spotify.com/episode/5cKQETQdvvoYy5WJfBNB7q?si=3ce13676f51e4066) | r/Bitcoin | 2024-22-05 |
Monetization takes 100 years or more usually, so not something that happens fast at all.
Harder, more functional money has always won in society. If a harder money like Bitcoin became widely used, regular currencies would slowly be absorbed into it until it is in fact a Bitcoin standard.
Right now that standard in our world is obviously dollars, but we can already see how unsustainable a fiat standard really is. Another 85 years seems unlikely | r/bitcoin | Monetization takes 100 years or more usually, so not something that happens fast at all.
Harder, more functional money has always won in society. If a harder money like Bitcoin became widely used, regular currencies would slowly be absorbed into it until it is in fact a Bitcoin standard.
Right now that standard in our world is obviously dollars, but we can already see how unsustainable a fiat standard really is. Another 85 years seems unlikely | r/Bitcoin | 2024-22-05 |
Following up. Just finished this episode today and really enjoyed it. I think it gave me a few things that may seem simple or obvious to others that went over my head.
I definitely plan to give it another full listen.
Thanks again friend! | r/bitcoin | Following up. Just finished this episode today and really enjoyed it. I think it gave me a few things that may seem simple or obvious to others that went over my head.
I definitely plan to give it another full listen.
Thanks again friend! | r/Bitcoin | 2024-25-05 |
Definitely worth a second time though. I listened to it twice myself.
Glad you checked it out because it really is one of the best episodes to change perspective on investing in a trad-fi world vs holding a harder money during early stages of monetization. | r/bitcoin | Definitely worth a second time though. I listened to it twice myself.
Glad you checked it out because it really is one of the best episodes to change perspective on investing in a trad-fi world vs holding a harder money during early stages of monetization. | r/Bitcoin | 2024-28-05 |
#brisbane [meetup.com/bitcoinbrisbane](http://meetup.com/bitcoinbrisbane) | r/bitcoin | #brisbane [meetup.com/bitcoinbrisbane](http://meetup.com/bitcoinbrisbane) | r/Bitcoin | 2024-22-05 |
I've been searching for tamper evident bags and not found any helpful reviews.
What are you using?
Would you recommend it or not and why? | r/bitcoin | I've been searching for tamper evident bags and not found any helpful reviews.
What are you using?
Would you recommend it or not and why? | r/Bitcoin | 2024-22-05 |
https://bitbox.shop/en/products/tamper-evident-bags-27/ | r/bitcoin | https://bitbox.shop/en/products/tamper-evident-bags-27/ | r/Bitcoin | 2024-22-05 |
14 years ago, Laszlo Hanyecz made a history. 🍕
He bought two Papa John's pizzas with 10,000 Bitcoin, making it the first commercial cryptocurrency transaction.
Back then, 10,000 BTC was worth just $41. Nine months later, it was worth $10,000. After five years, it was worth $2.4 million. Today, those two pizzas are valued at $698 million.
Celebrate this historic day with a slice of 🍕!
https://preview.redd.it/l06h4c7gzw1d1.png?width=4000&format=png&auto=webp&s=16c51ec7c89f5f36a310f19d1b6970685b0c9de3
| r/bitcoin | 14 years ago, Laszlo Hanyecz made a history. 🍕
He bought two Papa John's pizzas with 10,000 Bitcoin, making it the first commercial cryptocurrency transaction.
Back then, 10,000 BTC was worth just $41. Nine months later, it was worth $10,000. After five years, it was worth $2.4 million. Today, those two pizzas are valued at $698 million.
Celebrate this historic day with a slice of 🍕!
https://preview.redd.it/l06h4c7gzw1d1.png?width=4000&format=png&auto=webp&s=16c51ec7c89f5f36a310f19d1b6970685b0c9de3
| r/Bitcoin | 2024-22-05 |
So recently there was an inflow of pro trump memes and posts. While few weeks ago this sub was pretty against him. So don't buy into this manipulation. He clearly says anything that he thinks would get him into the office. He was against crypto last run and pretty sure still is. | r/bitcoin | So recently there was an inflow of pro trump memes and posts. While few weeks ago this sub was pretty against him. So don't buy into this manipulation. He clearly says anything that he thinks would get him into the office. He was against crypto last run and pretty sure still is. | r/Bitcoin | 2024-22-05 |
But Biden propaganda is ok?
Two wings of the same bird. | r/bitcoin | But Biden propaganda is ok?
Two wings of the same bird. | r/Bitcoin | 2024-22-05 |
Its ok bro, caring about a president is like caring about who wins the grammy awards, just another turd in a bowl. | r/bitcoin | Its ok bro, caring about a president is like caring about who wins the grammy awards, just another turd in a bowl. | r/Bitcoin | 2024-22-05 |
I haven't seen anything pro biden posted here at all and why would there be anything. as far as i know he is also not pro crypto | r/bitcoin | I haven't seen anything pro biden posted here at all and why would there be anything. as far as i know he is also not pro crypto | r/Bitcoin | 2024-22-05 |
Trump is bad for crypto but Biden is worse.... simple as. | r/bitcoin | Trump is bad for crypto but Biden is worse.... simple as. | r/Bitcoin | 2024-22-05 |
Most other subs say the anti-Trump stuff "isn't political" I don't see this is any different if that's true.
Don't get me wrong, I would prefer no political stuff, but there's some clear favoritism on Reddit. | r/bitcoin | Most other subs say the anti-Trump stuff "isn't political" I don't see this is any different if that's true.
Don't get me wrong, I would prefer no political stuff, but there's some clear favoritism on Reddit. | r/Bitcoin | 2024-22-05 |
Yeah I'm just saying not to buy into the lies that he is pro crypto, he isn't. Neither is biden. But one is not lying about it | r/bitcoin | Yeah I'm just saying not to buy into the lies that he is pro crypto, he isn't. Neither is biden. But one is not lying about it | r/Bitcoin | 2024-22-05 |
I don't care if anything pro biden gets posted here. That's literally my point. Why are you making the argument that posting something pro Trump here is propaganda? Wouldn't that also mean that if someone posts something about Biden, it is also propaganda?
Open your eyes. | r/bitcoin | I don't care if anything pro biden gets posted here. That's literally my point. Why are you making the argument that posting something pro Trump here is propaganda? Wouldn't that also mean that if someone posts something about Biden, it is also propaganda?
Open your eyes. | r/Bitcoin | 2024-22-05 |
He doesn’t care about bitcoin. He just needs money. | r/bitcoin | He doesn’t care about bitcoin. He just needs money. | r/Bitcoin | 2024-22-05 |
That's the point nothing pro biden is posted here. And then suddenly there are many posts saying how great trump is for crypto completely ignoring his past statements about it, seems very much like a propaganda that is trying to influence the subreddit rather that to initiate a discussion | r/bitcoin | That's the point nothing pro biden is posted here. And then suddenly there are many posts saying how great trump is for crypto completely ignoring his past statements about it, seems very much like a propaganda that is trying to influence the subreddit rather that to initiate a discussion | r/Bitcoin | 2024-22-05 |
Trump is still less bad for crypto. Also creepy Joe is just a puppet for the woke left agenda. And fuck that shit. | r/bitcoin | Trump is still less bad for crypto. Also creepy Joe is just a puppet for the woke left agenda. And fuck that shit. | r/Bitcoin | 2024-22-05 |
What is woke left agenda anyway? Trump Is arguably worse in every other way. If you are a single issue voter just say so | r/bitcoin | What is woke left agenda anyway? Trump Is arguably worse in every other way. If you are a single issue voter just say so | r/Bitcoin | 2024-22-05 |
Post, comment, and vote brigading (i.e. coordinated participation in a sub-reddit by people who don't belong there) often gets worse around election season, however I've seen a lot of it from liberals as well - the NYC sub-reddit has been getting a lot of it from the homo-trannie weirdos.
Don't worry about it, it will pass and rarely reflects the real views of a community (for example, even conservatives are increasingly anti-trump). | r/bitcoin | Post, comment, and vote brigading (i.e. coordinated participation in a sub-reddit by people who don't belong there) often gets worse around election season, however I've seen a lot of it from liberals as well - the NYC sub-reddit has been getting a lot of it from the homo-trannie weirdos.
Don't worry about it, it will pass and rarely reflects the real views of a community (for example, even conservatives are increasingly anti-trump). | r/Bitcoin | 2024-22-05 |
Nevermind.
After reviewing your other comments, it's pretty obvious that you're just a biden shill. Nice job in downvoting me while I was giving you an olive branch, btw.
Seems Biden propaganda is ok in your book, but Trump is bad. Keep the narrative going and see how the US keeps crumbling down right in front of your eyes. | r/bitcoin | Nevermind.
After reviewing your other comments, it's pretty obvious that you're just a biden shill. Nice job in downvoting me while I was giving you an olive branch, btw.
Seems Biden propaganda is ok in your book, but Trump is bad. Keep the narrative going and see how the US keeps crumbling down right in front of your eyes. | r/Bitcoin | 2024-22-05 |
Better trump than a halfwit mummy. | r/bitcoin | Better trump than a halfwit mummy. | r/Bitcoin | 2024-22-05 |
Yeah, why aren't they pumping their blue chip, DJT Media. | r/bitcoin | Yeah, why aren't they pumping their blue chip, DJT Media. | r/Bitcoin | 2024-22-05 |
I hope you're right. | r/bitcoin | I hope you're right. | r/Bitcoin | 2024-22-05 |
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