1 Milliarde Dollar in Bitcoin-Options laufen am Freitag aus

SendMeBitcoins

Howdy. Wondering how you got here? I'm sure you are. You can't possibly want to spend your hard earned money on a complete stranger... Could you? My quest is simple, I want to be the first ever person to become a millionaire from doing literally nothing but people sending me bitcoin. I'm not demanding, not begging. I want to break the record. Anything you send will contribute to the million. 10 cents, 10 dollars, 1 dollar etc. It will all be stored in my Ledger and I will update as I go.
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PetroDollar (P$) Community

The PetroDollar (P$): Bringing the gold standard back to the world's oil industry.
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$1 at a time

If 1 million people gave a dollar to someone, they could be a millionaire. We are an embodiment of [this showerthought](https://www.reddit.com/Showerthoughts/comments/2mq94c/if_a_million_of_us_picked_a_certain_redditor_and/) Let's make a millionaire together! Every month, there is a drawing thread and a winner thread.
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Whale Moves $1.16B Bitcoin in Largest-Ever Dollar Transaction

Whale Moves $1.16B Bitcoin in Largest-Ever Dollar Transaction submitted by bench4rench to BitcoinCA [link] [comments]

Whale Moves $1.16B Bitcoin in Largest-Ever Dollar Transaction

Whale Moves $1.16B Bitcoin in Largest-Ever Dollar Transaction submitted by bench4rench to btc [link] [comments]

Just got in 1,200 dollars worth of bitcoin at 11,800. Good investment?

I saw some projections that BTC will be at 20,000 by the end of the year and 400,000 by 2030. Did I still get in at a good time even though it’s up right now? Wish I got in in March :/
submitted by kroenkeisadonkey to Bitcoin [link] [comments]

Whale Moves $1.16B Bitcoin in Largest-Ever Dollar Transaction

Whale Moves $1.16B Bitcoin in Largest-Ever Dollar Transaction submitted by bench4rench to CryptoCurrencyTrading [link] [comments]

Whale Moves $1.16B Bitcoin in Largest-Ever Dollar Transaction

Whale Moves $1.16B Bitcoin in Largest-Ever Dollar Transaction submitted by bench4rench to CryptoNewsandTalk [link] [comments]

Whale Moves $1.16B Bitcoin in Largest-Ever Dollar Transaction

Whale Moves $1.16B Bitcoin in Largest-Ever Dollar Transaction submitted by MetallyRetarded to CryptoCurrencyTrading [link] [comments]

Largest dollar value transaction in Bitcoin's history! $1.1B (88,857 BTC) moved for a fee of just $3.58 (x-post from /r/Cryptocurrency)

Largest dollar value transaction in Bitcoin's history! $1.1B (88,857 BTC) moved for a fee of just $3.58 (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Why invest in Bitcoin? 1. Bitcoin critics turning a 180° 2. Bitcoin is #34 in world currencies, beating New Zealand 3. Russia Dumping U.S. Dollar 4. Warren Buffet sells Banks buys GOLD🥇 5. It's just getting started 📉

Why invest in Bitcoin? 1. Bitcoin critics turning a 180° 2. Bitcoin is #34 in world currencies, beating New Zealand 3. Russia Dumping U.S. Dollar 4. Warren Buffet sells Banks buys GOLD🥇 5. It's just getting started 📉 submitted by TecuaniTec to Bitcoin [link] [comments]

Discussion: Has hyperinflation already begun for the dollar? Exponetial growth is hard to see in the beginning as it only starts off at 1% (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoin was $1 dollar 9 years ago. If someone told you than it will be $9000 in 9 years time, and people will still call it a bear market, would you think those people are crazy?

submitted by indiastockmarket to Bitcoin [link] [comments]

Why Bitcoin is Superior to Gold

There is a constant war being fought between goldbugs, like Peter Schiff, and Bitcoin enthusiasts so I decided to make an outline, with links, comparing and contrasting gold and Bitcoin. I made this in November of 2019 (thus the information therein is based on figures from that time) but, being scatter brained, neglected to post this for the Bitcoin community to see. The yardsticks I used to compare the two assets included the following: shipping/transactions costs, storage costs, censorship factor, settlement time, stock to flow, blockchain vs clearing house, validation, etc. I will also touch on Roosevelt's gold confiscation executive order in 1933, transporting gold during the Spanish Civil War in 1936, and the hypothetical cost for Venezuela to repatriate its gold more recently.
I will provide a brief summary first then follow that with the outline I made. This information can be used as a tool for the Bitcoin community to combat some of the silly rhetoric coming from goldbugs such as Peter Schiff and James Rickards. I would like to make it clear, however, that I am not against gold and think that it performed its role as money very well in a technologically inferior era, namely Victorian times but I think Bitcoin performs the functions of money better than gold does in the current environment.
I have been looking to make a contribution to the Bitcoin community and I hope this is a useful and educational tool for everyone who reads this.
Summary:
Shipping/transaction costs: 100 ounces of gold could be shipped for 315 dollars; the comparable dollar value in Bitcoin could be sent for 35 dollars using a non-segwit address. Using historical precendent, it would cost an estimated $32,997,989 to transport $1 billion in gold using the 3.3% fee that the Soviets charged the Spaniards in 1936; a $1 billion Bitcoin transaction moved for $690 last year by comparison. Please note that the only historic example we can provide for moving enormous sums of gold was when the government of Spain transported gold to Moscow during the Spanish Civil War in 1936. More information on this topic will be found in the notes section.
Storage costs: 100 ounces of gold would require $451 per year to custody while the equivalent value of Bitcoin in dollar terms could be stored for the cost of a Ledger Nano S, $59.99. $1 billion USD value of gold would cost $2,900,000 per year while an Armory set up that is more secure would run you the cost of a laptop, $200-300.
Censorship factor: Gold must pass through a 3rd party whenever it is shipped, whether for a transaction or for personal transportation. Gold will typically have to be declared and a customs duty may be imposed when crossing international borders. The key take-away is gatekeepers (customs) can halt movement of gold thus making transactions difficult. $46,000 of gold was seized in India despite the smugglers hiding it in their rectums.
Settlement time: Shipping gold based on 100 ounces takes anywhere from 3-10 days while Bitcoin transactions clear in roughly 10 minutes depending on network congestion and fee size.
Historic confiscation: Franklin Roosevelt confiscated and debased the paper value of gold in 1933 with Executive Order 6102. Since gold is physical in nature and value dense, it is often stored in custodial vaults like banks and so forth which act as a honeypot for rapacious governments.
Stock to flow: Plan B's stock to flow model has become a favorite on twitter. Stock to flow measures the relationship between the total stock of an asset against the amount that is produced in a given year. Currently gold still has the highest value at 62 while Bitcoin sits at 50 in 2nd place. Bitcoin will overtake gold in 2024 after the next halving.
Blockchain vs clearing house: gold payments historically passed through a 3rd party (clearinghouse) in order to be validated while Bitcoin transactions can be self validated through the use of a node.
Key Takeaway from above- Bitcoin is vastly superior to gold in terms of cost, speed, and censorship resistance. One could theoretically carry around an enormous sum of Bitcoin on a cold card while the equivalent dollar value of gold would require a wheelbarrow...and create an enormous target on the back of the transporter. With the exception of the stock to flow ratio (which will flip in Bitcoin's favor soon), Bitcoin is superior to gold by all metrics covered.
Notes:
Shipping/transaction costs
Gold
100 oz = 155,500. 45 x 7 = $315 to ship 100 oz gold.
https://seekingalpha.com/instablog/839735-katchum/2547831-how-much-does-it-cost-to-ship-silver-and-gold
https://www.coininvest.com/en/shipping-prices/
211 tonnes Venezuela; 3.3% of $10.5 billion = 346,478,880 or 32,997,989/billion usd
http://blogs.reuters.com/felix-salmon/2011/08/23/how-to-get-12-billion-of-gold-to-venezuela/ (counter party risk; maduro; quotes from article)
Bitcoin
18 bitcoin equivalent value; 35 USD with legacy address
https://blockexplorer.com/
https://bitcoinfees.info/
1 billion; $690 dollars
https://arstechnica.com/tech-policy/2019/09/someone-moved-1-billion-in-a-single-bitcoin-transaction/
Storage costs
Gold
.29% annually; https://sdbullion.com/gold-silver-storage
100 oz – $451/year
$1 billion USD value – $2,900,000/year
Bitcoin
Ledger Nano S - $59.00 (for less bitcoin)
https://shop.ledger.com/products/ledger-nano-s/transparent?flow_country=USA&gclid=EAIaIQobChMI3ILV5O-Z5wIVTtbACh1zTAwqEAQYASABEgJ5SPD_BwE
Armory - $200-300 cost of laptop for setup
https://www.bitcoinarmory.com/
Censorship factor (must pass through 3rd party)
Varies by country
Gold will typically have to be declared and a customs duty may be imposed
Key take-away is gatekeepers (customs) can halt movement of gold thus making transactions difficult
$46,000 seized in India
https://www.foxnews.com/travel/indian-airport-stops-29-passengers-smuggling-gold-in-their-rectums
Settlement time
Gold
For 100 oz transaction by USPS 3-10 days (must pass through 3rd party)
Bitcoin
Roughly 10 minutes to be included in next block
Historic confiscation-roosevelt 1933
Executive Order 6102 (forced spending, fed could ban cash, go through and get quotes)
https://en.wikipedia.org/wiki/Executive_Order_6102
“The stated reason for the order was that hard times had caused "hoarding" of gold, stalling economic growth and making the depression worse”
Stock to flow; https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25 (explain what it is and use charts in article)
Gold; SF of 62
Bitcoin; SF of 25 but will double to 50 after May (and to 100 in four years)
Blockchain vs clearing house
Transactions can be validated by running a full node vs. third party settlement
Validation
Gold; https://www.goldismoney2.com/threads/cost-to-assay.6732/
(Read some responses)
Bitcoin
Cost of electricity to run a full node
Breaking down Venezuela conundrum; http://blogs.reuters.com/felix-salmon/2011/08/23/how-to-get-12-billion-of-gold-to-venezuela/
“The last (and only) known case of this kind of quantity of gold being transported across state lines took place almost exactly 75 years ago, in 1936, when the government of Spain removed 560 tons of gold from Madrid to Moscow as the armies of Francisco Franco approached. Most of the gold was exchanged for Russian weaponry, with the Soviet Union keeping 2.1% of the funds in the form of commissions and brokerage, and an additional 1.2% in the form of transport, deposit, melting, and refining expenses.”
“Venezuela would need to transport the gold in several trips, traders said, since the high value of gold means it would be impossible to insure a single aircraft carrying 211 tonnes. It could take about 40 shipments to move the gold back to Caracas, traders estimated. “It’s going to be quite a task. Logistically, I’m not sure if the central bank realises the magnitude of the task ahead of them,” said one senior gold banker.”
“So maybe Chávez intends to take matters into his own hands, and just sail the booty back to Venezuela on one of his own naval ships. Again, the theft risk is obvious — seamen can be greedy too — and this time there would be no insurance. Chávez is pretty crazy, but I don’t think he’d risk $12 billion that way.”
“Which leaves one final alternative. Gold is fungible, and people are actually willing to pay a premium to buy gold which is sitting in the Bank of England’s ultra-secure vaults. So why bother transporting that gold at all? Venezuela could enter into an intercontinental repo transaction, where it sells its gold in the Bank of England to some counterparty, and then promises to buy it all back at a modest discount, on condition that it’s physically delivered to the Venezuelan central bank in Caracas. It would then be up to the counterparty to work out how to get 211 tons of gold to Caracas by a certain date. That gold could be sourced anywhere in the world, and transported in any conceivable manner — being much less predictable and transparent, those shipments would also be much harder to hijack. How much of a discount would a counterparty require to enter into this kind of transaction? Much more than 3.3%, is my guess. And again, it’s not entirely clear who would even be willing to entertain the idea. Glencore, perhaps?”
“But here’s one last idea: why doesn’t Chávez crowdsource the problem? He could simply open a gold window at the Banco Central de Venezuela, where anybody at all could deliver standard gold bars. In return, the central bank would transfer to that person an equal number of gold bars in the custody of the Bank of England, plus a modest bounty of say 2% — that’s over $15,000 per 400-ounce bar, at current rates. It would take a little while, but eventually the gold would start trickling in: if you’re willing to pay a constant premium of 2% over the market price for a good, you can be sure that the good in question will ultimately find its way to your door. And the 2% cost of acquiring all that gold would surely be much lower than the cost of insuring and shipping it from England. It would be an elegant market-based solution to an artificial and ideologically-driven problem; I daresay Chávez might even chuckle at the irony of it. He’d just need to watch out for a rise in Andean banditry, as thieves tried to steal the bars on their disparate journeys into Venezuela.”
submitted by cornish_roots to Bitcoin [link] [comments]

1. Bitcoin critics turning a 180° 2. Bitcoin is #34 in world currencies, beating New Zealand 3. Russia Dumping U.S. Dollar 4. Warren Buffet sells Banks buys GOLD 5. It's just getting started

1. Bitcoin critics turning a 180° 2. Bitcoin is #34 in world currencies, beating New Zealand 3. Russia Dumping U.S. Dollar 4. Warren Buffet sells Banks buys GOLD 5. It's just getting started submitted by TecuaniTec to CryptoCurrency [link] [comments]

"Bitcoin will be leaving the regulatory twilight zone in favor of a highly supervised existence. Though Bitcoin’s network can transfer 1 dollar as easily as a billion, it’s unlikely, in our opinion, that governments will be highly accepting of unsupervised cross-border activity. "

submitted by qbisq to Bitcoin [link] [comments]

Send me BTC please, I only have $1 in bitcoin and I want to flex on my fam for having bitcoin but they’ll make fun of me for having only one dollar lol thanks

Address: 1J4tXbcMuZr6BfsXV3zu3ZRhMqkWL7qvho
Cheers
submitted by ummmwhatdoidonow to Beg4Bitcoins [link] [comments]

$68 trillion transfer of wealth may benefit Bitcoin (BTC) & $1 Billion dollars in Bitcoin moved..hmm

$68 trillion transfer of wealth may benefit Bitcoin (BTC) & $1 Billion dollars in Bitcoin moved..hmm submitted by The-Crypto-Portal to CryptoCurrency [link] [comments]

$68 trillion transfer of wealth may benefit Bitcoin (BTC) & $1 Billion dollars in Bitcoin moved..hmm

$68 trillion transfer of wealth may benefit Bitcoin (BTC) & $1 Billion dollars in Bitcoin moved..hmm submitted by The-Crypto-Portal to Bitcoin [link] [comments]

$68 trillion transfer of wealth may benefit Bitcoin (BTC) & $1 Billion dollars in Bitcoin moved..hmm

$68 trillion transfer of wealth may benefit Bitcoin (BTC) & $1 Billion dollars in Bitcoin moved..hmm submitted by The-Crypto-Portal to CryptoCurrencies [link] [comments]

$68 trillion transfer of wealth may benefit Bitcoin (BTC) & $1 Billion dollars in Bitcoin moved..hmm

$68 trillion transfer of wealth may benefit Bitcoin (BTC) & $1 Billion dollars in Bitcoin moved..hmm submitted by The-Crypto-Portal to CryptoMarkets [link] [comments]

$68 trillion transfer of wealth may benefit Bitcoin (BTC) & $1 Billion dollars in Bitcoin moved..hmm

$68 trillion transfer of wealth may benefit Bitcoin (BTC) & $1 Billion dollars in Bitcoin moved..hmm submitted by The-Crypto-Portal to CryptoCurrencyTrading [link] [comments]

Why invest in Bitcoin? 1. Bitcoin critics turning a 180° 2. Bitcoin is #34 in world currencies, beating New Zealand 3. Russia Dumping U.S. Dollar 4. Warren Buffet sells Banks buys GOLD🥇 5. It's just getting started 📉 (x-post from /r/Bitcoin)

Why invest in Bitcoin? 1. Bitcoin critics turning a 180° 2. Bitcoin is #34 in world currencies, beating New Zealand 3. Russia Dumping U.S. Dollar 4. Warren Buffet sells Banks buys GOLD🥇 5. It's just getting started 📉 (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

1. Bitcoin critics turning a 180° 2. Bitcoin is #34 in world currencies, beating New Zealand 3. Russia Dumping U.S. Dollar 4. Warren Buffet sells Banks buys GOLD 5. It's just getting started (x-post from /r/cryptocurrency)

1. Bitcoin critics turning a 180° 2. Bitcoin is #34 in world currencies, beating New Zealand 3. Russia Dumping U.S. Dollar 4. Warren Buffet sells Banks buys GOLD 5. It's just getting started (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Just got in 1,200 dollars worth of bitcoin at 11,800. Good investment? (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

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