BTC

zebrasv01

I wish I could give you that information, but as I wrote before, we don;t have any information about it at all. Even though this is being done with public money, the funds and the project are managed by a private company, this company is the one in charge of the development of the chivo wallet and its functionality, this means that we don't have access to any information other than what they want to publish, which isn't a lot. The government has passed a lot of legislation in order to keep information secret for up to 7 years, if I'm not mistaken, and has gutted other transparency mechanisms that were placed to avoid corruption in previous administrations. And since the president's party is the one that has total control over the government right now, not much can be done at the moment to revert this. The reality is that, other than the people working for chivo wallet, nobody in the country has access to the real numbers on what is happening, how much has really been invested and how much BTC is left.

DOG-ZILLA

This person could have hundreds of BTC…I dunno. It could be an early adopter who never sold. Or, it could be the scammer himself trying to appear legitimate??

Nostalg33k

When BTC was at the ATH in may it was spending 0.5 % of all energy produced by our species. Do you realize that a 100K btc or 250K BTC (in case of mass adoption it could go higher huh) would send these far higher. [https://www.businessinsider.com/bitcoin-mining-electricity-usage-more-than-google-2021-9?r=US&IR=T](https://www.businessinsider.com/bitcoin-mining-electricity-usage-more-than-google-2021-9?r=US&IR=T) Read this and start to understand that the rise in price which is inevitable due to BTC game theory, will end up biting us in the ass as BTC will eat more and more of the energy pie. We need a solution, it is not fud to say so. We can't have 10% of the total energy produced by our species backing BTC in 20 years and we can't produce ASICS non stop and lose valuable raw materials which are mostly not recycled. These are real problems

_jokermanu

100% BTC might be risky

zuzu2020

Plot twist that was was not a scammer but a way to avoid paying taxes now he claims he lost 26 BTC

gimmedatcrypto

What the fuck do I do? Another article from a popular crypto site just told me BTC is finding decent "support" and is back on track to hit 100k in the next few months. Lawl

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mangopie220

Just use renewable energy to mine Bitcoin. Renewables are actually getting lower cost than traditional fossil fuels, and BTC mining operations always look to optimize this cost (because that's where the majority of BTC mining cost came from). In fact, on site renewables like solar actually fit well with the motto of crypto - decentralization. This time, is the decentralization of energy productions.

RandomTask100

I've given up on being able to spot "solid projects"...... There's always so much hype on upcoming game-changers (rollups, bridges, staking tokens). I'm trying not to get attached to anything anymore. My alts will get sold for stablecoin when the time's right. I'll collect a little interest with the stablecoin until BTC drops. It's all about the BTC.

AgoraphobicAgorist

Ah, so your idea is that the power generated by renewable energy should be confiscated from the people who generate it, and used how you see fit? Because, if I build a solar grid on my property, it's really none of your business how much of it I choose to use towards anything. The only thing limiting production of solar panels, is the demand for them. BTC isn't changing. I'm all for you advocating increased use of solar panels... That's an achievable goal. Increase demand, so production in increased, and more renewable energy is generated... Demanding how people use their renewable energy is asinine. Or, start advocating for nuclear energy.

MotoMola

Fiat penny found from 1257. Worth 546,000usd today. That's 54,000,000% increase in value. Or 71,372% a year. [Penny worth more than Bitcoin](https://www.ctvnews.ca/mobile/sci-tech/metal-detectorist-finds-one-of-england-s-earliest-gold-coins-1.5743040) And you're here watching BTC lose value over last year. 😂😂

meeleen223

I'd go 50/50 but you can't go wrong with any amount of >50% BTC

anonymustanonymust

stack only bitcoin BTC - which is now a shitcoin! !lntip 100

zedaero

Like BTC 100k at the end of 2021 when it barely hit 66k

Ferdo306

But it is not all black and white There is so much energy in the world that get's wasted cause transferring it costs too much You can just put that energy into BTC and transfer it qucikly and efficiently

ipinchforeskins

If you have 26 BTC and fall for this, fucking hell..

Haxton_Ultrich

What are your predictions for BTC EoW?

bkcrypt0

Anyone else excited by the idea of scooping up some BTC sub-$30K?

SpiritOf-A-WhiteWolf

What about the other one that’s from The Winklevoss twins giving away 5000 BTC. 1GemE7w77H7wP2x9R9x3w8HHLGprPYcVnq Apparently giving 10x for every BTC sent. A minimum of .002 to 100

SnooWoofers5376

thanks for the info! Has the government rolled out any plans of what they plan to do with the BTC they gather? Distribute to the population maybe? What time frame do they plan to hodl their BTC, etc?

babudo

Could the scammer send the BTC to himself from his other wallet to show he is a legit doubler?

IgorMacGreg0r

The key element to take into account here is The Merge for ETH, planned this summer. If it is once again delayed or its implementation creates issues, ETH might lose in value. But if it is successful, ETH should moon this year! BTC is safe imo The choice is yours :)

Ndivided132

The Average salary is $48K in America so if you had 75+ BTC right now realistically you wouldn’t have to work anymore And there’s people with hundreds- thousands of bitcoins. There pretty much set

Spartz

how do you even end up with 26BTC in the first place if you're so gullible

SPYalltimehightoday

BTC. ETH isn’t near as good

Ferdo306

But it wasn't mass adopted in the start There was a time when we actually walked barefoot and did everything manually Are you aware how much energy is spent so you could have a comfy life And you probably don't care and wouldn't want to give up any of these things But sure, let's attack the hardest money ever created cause you are 'worried' about the environment I would say that our current monetary system has negatively impacted the environment more than BTC ever will

fearisyourbestfriend

BTC ofc

Ganjamon17

BTC, a revolutionary technology- Old school lol

cryptokingmylo

I decided the best option was to sell all my growth stocks rather than my BTC, I, know BTC is going to get wrecked when the FED decides its time to enter the depression but I'm willing to hold because I am more bullish on BTC than ever as a long term investment.

flippingocdrip

I just turned 75% of my alt coin portfolio into BTC/ETH, it honestly looked like someone just chucked money at random coins without any thought.

WatermelonBestFruit

BTC is 789B not 1T... 200Billions++ approximations are a bit too much if you want to do math, don't you think ?

Laughingboy14

Exactly this, BTC Vs ETH is a false dichotomy

Nostalg33k

Then you don't understand that we have a limited possible output each year in terms of production. You are ignoring that Kosovo, Iran, and Kasaksthan have seen prices rise because of this consumption. The problem is not what I like, the problem is that BTC's share of the energy pie has rose hardcore. All of these renewables could have de-carbonated existing industries. We have a problem when 1% or 2% of all the energy output created by humans is invested in BTC just to make the network secure. This is overkill and we all know it. Instead of embracing this problem in order to find solutions we play a weird game of whataboutism.

pfcypress

Don't buy any of this bull crap. The BTC went exactly where it needed to go. Don't be stupid.

dcsignatus

It might be hard to believe, but there's people that greedy. Greedy and dumb is a common thinking. If someone, lets say, bought BTC 12 years ago @ $0.30 without understanding very much about crypto and only recently has made some minimal effort to get into this, and adding to that, see attractive to 'magically' double 1.5MM into 3MM, they can fall for this kind of scheme.

Grunblau

Amazing how no one here less that a year has experienced multiple days of parabolic gains on BTC or ETH. I hope you get to as it is truly remarkable. Almost makes bleeding for 3 months straight worth it…

Vendraco00

70% BTC, 30% ETH is the safest allocation you can give yourself as far as cryptocurrency goes.

Maleficent_Plankton

Coin Bureau is mostly good, but it is at least 20% because it does makes predictions, many of which have a 50-50 chance. Someone did an analysis and found they underperformed BTC + ETH.

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jjpdijkstra

This point? BTC daddy. Everything moved accordingly.

saminorci

Go with both, since they do not address the same market in crypto space. ETH and BTC have different use cases.

tahiraslam8k

I would do 60% Eth and 40% BTC for max gains.

pyritejet

Well. In terms of how much you can make? ETH. For safety? BTC

Fearless_Ball_1951

BTC had last decade This decade belongs more to ETH

TrueDreamchaser

Are you planning on using your ETH for Defi/Dapps? If not then I don’t see why gas fees matter to you. You can’t go wrong with BTC but the flippening is always a small concern. I’d personally go ETH, but many would tell you otherwise

Pilsner12345

Don't listen to me but I'll buy more ETH than BTC.

jwz9904

more like BTC crap season.

Red-Flag-Potemkin

BTC double top on the weekly scale. The second top is a head and shoulders. 29k BTC in March?

Rickard403

Because BTC is down. Same sentiment we see in this sub when things are looking bearish.

zebrasv01

Great opportunity for anyone interested in what is happening in El Salvador to see [this video.](https://youtu.be/M5dYJAZ2zPM) I live in El Salvador and I can say that I'm not surprised by those numbers at all. People don't really use BTC here. I can only recall seeing 3 people paying with the chivo wallet or any BTC wallet in the last month or so. This is the result of a lack of a plan to inform the population about what bitcoin is and how it could be used. But that is giving way too much credit to this government. I still think this is all a big vanity project for the president and no planning was done other than "this would put my name on the spotlight on the world stage", and a way to launder any stolen money away as well. We still don't know how much BTC the government has, how much has been mined, or how much has been lost or gained, because there is no public information about it other than the president's tweets. If that doesn't raise a red flag about it, I don't know what will, considering this is being done with our taxes, instead of investing in things like better infrastructure or improving our precarious healthcare system.

watch-nerd

>\>Tesla kicked BTC to the curb > >Makes no sense when Tesla still holds more than $1 BILLION worth of Bitcoin on its sheets. > >\> El Salvador is an unpopular failed experiment > >Says who? lol > >\> spot ETF isn't happening any time soon. > >What's soon? SEC has indicated it will come. Its just a matter of time. ​ 1. You can no longer buy a Tesla with BTC and there are no official plans. Instead you can buy merch with DOGE 2. Says the people of El Salvador. Survey had 95% unhappy with the experiment. 3. SEC has not said that. They rejected the two most recent applicants, citing market manipulation and Tether as major concerns.

malaika-batool

Looks like BTC don't want me to stop eating Ramen

Nostalg33k

Once again, it is not a question of where the energy comes from. The problem is how much energy in volume is infused into BTC mining.

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gruffbear212

Likely an unpopular opinion on here, but the difference is that BTC was made and the creator left the huge lump of cash he made off it untouched (as the first million bitcoins have never moved from the original wallets). In contrast, all the following immigration alt cryptocurrencies put cash into the creators pocket and the beneficiaries are completely different. Bitcoin isn't perfect but we have renewable energy. That is the obvious solution rather than redoing the system which only benefits the person/group who revamped it IMO

Nostalg33k

You do realize humans can only produce a limited amount of renewable each year, the fact that BTC has become so high in energy volume means we can't decarbonize other industries. The problem is not as simple as you think and putting it in these terms is not understanding the challenge of dealing with the climate crisis.

Logical-Beautiful66

Hint: Only solid projects are BTC and ETH.

princepersona1

Didn't I see somewhere that about 75% of BTC is mined using renewable energy? This along with initiatives coming about like El Salvador's Geothermal mining and Wind farm mining like the one being buot in Morroco coming about, the environmental issues definitely are being addressed. It takes time though to get everything in place but it's not a situation where it's being ignored

caseyshreds

personally i believe one of the biggest factors for this downward trend is the rise of energy prices in households worldwide, people looking at BTC as being responsible.

KayzerNL

Sending 26 BTC likes it’s three fiddy, what in tarnation

anon_sexynojutsu

i fell for this scam while surfing youtube high as a kite. fortunately it wasn’t anything substantial. feel sorry for this guy 26BTC is serious money.

cosmic_censor

I don't use price as a factor very much at all because I have no clue what BTC or any other crypto's price should be. Instead I buy when there is a potential future catalyst that could rally the price. This comes with an understanding the any certainty about future events would already be priced in and so if I want to make money I need to take risks.

GuytFromWayBack

Honestly I hope that BTC incentivises much more green energy production. Imo the problem isn't with BTC's energy usage, the problem is with the ways that we use to create energy in the first place. If it weren't for the massive profit potential of fossil fuel derived energy then we could already have the renewable energy infrastructure we need to greatly reduce the environmental impact. BTC could provide a real incentive to shift more towards green energy production.

aa_tree

>It’s essentially a new technology. Yeah, and a severally outclasses one at that. So many cryptos can do what BTC can and in much better ways. Favouring Bitcoin because it was OG is like saying that the first car ever made was the best and we need no other car. Also, unless the largest crypto asset is something that accomplishes something most investors won't take this space seriously. At the moment, the largest project by market cap is an outdated payment system processing 7 tps and pretending to be a hedge against inflation and a better "Store of value" than Gold after existing after barely more than a decade.

s101063530

People will buy that cheap BTC in bulk and get huge returns after it hits track

zippyteach

Attention: BTC may be volatile

RedditBullshitter

Lmao what dumbass just send away 26BTC

Abhishekgarg0

Several smaller payments add upto the total of 87BTC. The largest payment was of 26BTC.

ebaley

Buterin claimed Bitcoin's five cent fees were too high. Why didn't he just make a layer 2 for BTC instead of foisting ETH on us?

Nostalg33k

That is a risky post but I totally agree. We can't have BTC eating more and more share of the energy pie. Even if they do their best to be clean, the quantity of energy spent is so huge. If BTC were 100K or 200K we would have worldwide energy crisis all day. We need a solution or this magnificent beast will go tumbling down...

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parakite

\>Tesla kicked BTC to the curb Makes no sense when Tesla still holds more than $1 BILLION worth of Bitcoin on its sheets. \> El Salvador is an unpopular failed experiment Says who? lol \> spot ETF isn't happening any time soon. What's soon? SEC has indicated it will come. Its just a matter of time.

Fearless_Ball_1951

Ever since elon fucked up BTC in May 2021, BTC is going greener, we are trying and its happening

zippyteach

Attention: BTC is not a bank and has environmental issues, but baggers do not care.

LaughingOctopus_

How the fuck do you own 26BTC and still falls for the oldest scam on the internet? That's beyond comprehension

FineIntroduction8746

Oh yah I know, but it being BTC 'branded' ATM they may not have noticed. All irrelevant. Cheers

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watch-nerd

Tesla kicked BTC to the curb, El Salvador is a failure, spot ETF isn't happening. What bullishness?

escodelrio

Moving your BTC to your cold wallet is NOT a taxable event in the USA.

Jc_28

Yeah I know it goes against the whole use case for Bitcoin yet it just seems like a bad design whereby you can see a thief’s wallet who have through deception conned people to enrich themselves and we all just sit back and accept it. There needs to be middle ground surely. When Satoshi created this his vision was the above but at some point designs need to change and adapt and through extreme instances like this the funds can be retrieved, transaction reversed and people get their BTC back. I got one would be behind such a change

silentdriver78

Why is every BTC article on r/technology a hit piece? I know the answer but I’m asking here anyway.

Endogamy

It’s nothing like a bear market. Look at the wider market currently. During this cycle BTC has tracked the market. S&P down, DOW down, BTC down.. The only way this is the beginning of a bear market for BTC is if the wider market rally is over, which I don’t believe it is. I think this is a healthy pullback. There’s still so much money sitting on the sidelines.

Mahoganyjoint

Unfortunately these scammers aren't idiots and their live videos sometimes look legit. [There are hundreds of these live videos online all the time](https://youtu.be/xqS1-7I7iDU) It's just crazy to me that someone holding 26BTC doesn't know the basic tricks.

AbsolutBadLad

How did that guy think the other 26 BTC was gonna come into his account?

evilninjarobot

The time for speculating has come and gone. BTC is now a proven store of value asset.

FreeMemez

Ight let's do the same thing again BTC can't make you rich anymore OP.