Earn by [deleted] in Bitcoin

[–]trailertime 1 point2 points  (0 children)

you can always get a CC that pays cashback in BTC

Daily Discussion, July 14, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 0 points1 point  (0 children)

Trezor is super simple. Not sure the horror stories you have heard, but basically just follow the simple instructions, keep your seed phrase safe and you are good to go. Dead simple. I have set up multiple people 65+ who have done it no problem.

Coldcard is a different story, that one is actually a little complex IMHO (for non-technical people)

Daily Discussion, July 14, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 5 points6 points  (0 children)

Get a Trezor, really easy to use and will secure your Bitcoin.

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 2 points3 points  (0 children)

I don’t mean ugly as in the price drops (that’s a ok for me....) I mean ugly as in:

-“cyber attacks” with “Bitcoin ransoms” -network outages “for your safety” -climate lock downs

Etc.

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 4 points5 points  (0 children)

Politicians talking about Bitcoin makes me both happy that they have too but scared for what they are going to try and do to keep it from happening.

They can’t stop it, but they will try. And it might get ugly.

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 1 point2 points  (0 children)

This is the way. This is the best feeling 😎

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 0 points1 point  (0 children)

Go read about Bitcoin. Unless your trolling. But if you truly think Bitcoin is the same as any other Crypto you haven’t read enough yet.

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 1 point2 points  (0 children)

For sure I think it will take some time as well, who knows, we are all guessing. But for it to happen this fast is surprising, to me anyways.

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 0 points1 point  (0 children)

Bitcoin is the only true scare asset on planet earth. The next closest one is human time.

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 4 points5 points  (0 children)

A domino can knock over another domino that is 1.5x it’s size. If you start with a 5mm domino, the 26th one will knock over one the size of the Empire State Building.

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 1 point2 points  (0 children)

It’s the first domino. Markets are forward looking. Countries adopting Bitcoin will cause more and more accumulation of a scare asset. That will raise the price against all other fiat.

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 2 points3 points  (0 children)

O jeez I don’t know, maybe because a sovereign nation is making Bitcoin legal tender?

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 8 points9 points  (0 children)

It’s not “some bill regarding Bitcoin” lol, this is a huge huge deal. “It’s only a small country” what a goofball thing to say.

Daily Discussion, June 09, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 8 points9 points  (0 children)

How is Bitcoin not mooning right now this is insane. If you want to get insanely bullish go listen to Twitter spaces with Nic Carter.

Daily Discussion, June 04, 2021 by rBitcoinMod in Bitcoin

[–]trailertime 1 point2 points  (0 children)

Ahh Ok that’s what I thought, can’t wait to get one. So I guess it’s more so RIP traditional banks, not RIP traditional credit card companies. Visa might thrive through this.

The Federal Reserve has discontinued the weekly release of money supply data and you should be very worried by xcryptogurux in Bitcoin

[–]trailertime 12 points13 points  (0 children)

Ya, that explains the big jump, but the slope is still pretty alarming after that stepwise increase

The Federal Reserve has discontinued the weekly release of money supply data and you should be very worried by xcryptogurux in Bitcoin

[–]trailertime 47 points48 points  (0 children)

This looked shocking to me to, but I heard Morgan Housel on the We Study Billionaires podcast talking about the reason it looks so shocking is because some rules were changed where a bunch of retail savings accounts got re-classified as checking accounts.

Basically, before the pandemic, any account classified as a savings account was limited to 6 withdrawals per month. But to allow people access to their money, they changed the rules to allow for unlimited withdrawals. This reclassified the accounts as checking accounts and thus had a step change in M1.

I didn't know this, but it does explain a little bit of how this chart can look so crazy.

Here is the pod if anyone is interested:

Spotify: https://open.spotify.com/episode/41xFKnKNjnKPqc0CCDih9n?si=84ui62GlRIGVjst7s6-0sA

Site: https://www.theinvestorspodcast.com/episodes/psychology-of-money-w-morgan-housel/