Reddit Posts
‘MATIC can’t be compared to OP and ARB’, analyst weighs in
Does the latest Trezor Hack go further than they're telling us?
Newbie Guide to CheckTemplateVerify (OP_CTV) | BitcoinDocs
Bitcoin Filters Work By Default, and That's a Good Thing | To Filter Spam From Your Bitcoin Core Node, set “permitbaremultisig=0” & “datacarrier=0” in your Bitcoin.conf File | Use "blocksonly=1" to turn off your mempool entirely
Can someone confirm if the Taproot spend and tx signing explanation below is correct?
Day 3 after BTC spot ETF listing; not the market we expected?
The Bitcoin ETF news is massive, but no one is even talking about Bitcoin's BIGGEST Halving ever on 19 April 2024. GLTA!!!
All 11 bitcoin ETF tickers, for tomorrow. GLTA!!!
BitIDE - TapScript IDE with Local Testnet, Block Explorer and Custom Op Codes (OP_MUL on Mainnet P2TR!)
I'm trying to understand the exact mechanism of a UTXO spend...
UPDATE‼️! 9 Bitcoin ETF issuers have updated their applications today - which is the SEC's deadline for the first wave of Bitcoin ETF approvals... GLTA!!!
What happened to this sub? Have Moons doomed us?
How Victims get Phished through Reddit Forums, like this one!
Guys, My Portfolio Never Looked So Solid | BTC and ETH are the Big Guys | And, of course, Utility Coins, Meme Coins and Shit Coins
The first 2 sentences of the OP makes this hilarious imo
He lost his coins when hardware wallet spontaneously reset.
Polymer to use EigenLayer, the OP Stack and IBC to bring scalable and interoperable L2s to Ethereum
First blockchain Rick Roll incident? A tale about Cartesi, Espresso Rick Astley and Vienna OP
Mentions
Bitcoin Cash 1st block was 8 years after Bitcoin, not even close. [https://en.wikipedia.org/wiki/Bitcoin\_Cash](https://en.wikipedia.org/wiki/Bitcoin_Cash) And to answer OP, no BTC was not first. There was some digital gold thingy years prior that didn't go anywhere.
Dont see a source linked. I am not doing research for you. Saying "its from the fed" is not a source. That is saying where you found it. Provide the articles or data sources you used to come to your claim that OP is lying about data
>The best time to invest was back then. The second best time is now. Why, certainly. 😎 OP bought BTC ‘way back then’ and suddenly and unfortunately had to sell all of it due to diabolical reasons beyond OP’s control. Now back in the game, OP has amphibiously secured +24,725 new Satoshis and is implying a vow to never sell again. At least until they can be spent on something else equally regretful.
How come [something complex or risky] is mostly done by men? Yeah how come OP
And it is functioning perfectly in that respect. Yet OP is complaining about something… must be the weather? Im confused
No doubt there's plenty of women into btc too, but OP is talking about a majority being guys. It's kinda like if OP had said that it's mostly women that wear make-up, and I said I know a bunch of dudes that put on make-up. My claim doesn't refute OPs point.
Post subject is “2022 BTC” and OP said they had 1 BTC, so BIP39 would have been around.
Cashout in xrp, TRX, put it in OP, IMX, avax, LINK, pyth, ARB, near, Render, AI, Sand,
Everyone in this thread saying “oh yeah me too blah blah blah”, including the OP, the issue is you’re even looking at charts after buying. That tells me all I need to know about you guys and that is you think you were gonna get rich in the short term, WHICH YOU WILL NOT. Stop falling for it. At the very least stop shit-coining.
OP didn't absolutely ZERO research before making his purchase. Nice.
Maybe because those genuine did in fact buy at those prices. All you need to do is click on their names to see how long they’ve been talking about BTC. We didn’t get into BTC to sell it all for a down payment on a mortgage/liability. Perhaps learn from those geniuses rather paper handed OP here
I doubt OP believed in BTC to begin with hence why he or she only put tiny amounts in it and was pleasantly surprised it did well. Instead of doubling down, he/she sold it all for a down payment which still means OP still doesn’t understand BTC.
Listen this sub is clearly now filled with idiots who don’t even think anymore and rationalize bad financial choices as OP by saying “atleast the house is an investment” without actually looking at the stats about housing returning the worst CAGR. Plus a house you live in is not an asset but a liability so I don’t for the life of me understand why these folks are saying it’s some investment when it is clearly not.
ARB, OP, ZK, POL all going to get crushed if Base does this.
OP said they are just starting to buy it so they are very early on and I'm assuming don't have much, a person like that is right to welcome such an opportunity.
Im buying coins that have basically bottomed out with utility. Optimism network is 75% down from about a year ago. Ethereum basically depends on OP to process 80% of all Layer 2 transactions for lower fees and faster transactions. Buy low and sell high. Hopium
Folks wondering when this is from, you have the power of the internet at your disposal. It would have been nice if OP had included an air date, but given that OP also fabricated the post title quote we can assume they are being disingenuous. Practice assuming this is an adversarial environment, just like all news. Trust but verify. A search like 'obama swiss bank account' will bring up relevant articles with a date. A better search would be something like 'obama talks on encryption and swiss bank account in pocket'. The former includes other results while the latter is hit after hit. You gotta practice this stuff.
"I don't know how quotation marks are supposed to work" - OP
It sounds like a quarter point reduction is priced in, at least based on what OP said. There’s always the chance it’s more or less than that, which I assume would impact the price one way or another.
OP… you’re adding works to fit your M.O. He does not mention BTC.
That's wise. I wish that was how all OP's operated. I didn't necessarily direct that at you. My bad.
As OP, I never downvote comments on my posts as every comment adds value to the discussion.
bitcoin does’t do hard forks, you can run old version of core if hou want. There are people running nodes without taproot or even without segwit because they don’t agree with it. I think the idea of knows is to follow other updates core does while keeping flexibility to not include things that don’t have OP_RETURN limit
Alternatives to OP\_RETURN are worse. Those can lead to the data ending up in the UTXO so that nodes are forced to store that data forever.
Some big entity just spun up big amount of Knots-nodes. Propably (just speculating here) someone affiliated with a big mining pool as running knots adds additional disadvantage to small miners and leads to more mining centralization. In addition blocking OP\_RETURN encourages users to use worse alternatives that can lead to the data ending up in the UTXO so that nodes are forced to store that data forever.
I see this as a competition between both Knots versions and Core 29.0.0 and 29.1.0 Everyone running Core <29 is up for grabs, no reason to expect them to upgrade to Core 29 or 30 based upon simple inertia, not given the penetration of this debate in Bitcoin circles. That means Core 30 is likely to hit 20% of nodes if one assumes that everyone who upgraded to 29 is likely to consent to the removal of the OP\_Return limit in 30. I would question whether that is a good assumption, but in their favour is that if some people running 29 migrate to Knots they will still pick up upgrades from <29, of which there is 46% up for grabs. In knots favour is that this whole debacle has had the positive net effect that lots of Bitcoiners who never ran nodes now understand why its important not just for personal utility, but for contributing to network hygiene,, so while Core is unlikely to pick up any nodes from people not currently running one, Knots is likely to. So I would say that the current state of play is: \- Knots: 27.5% \- Core 29: 18.1% And in a year it might look like this: \- Knots: 48% \- Core 30: 20% \- Core <30: 30% \- Other anti-spam implementations: 2%
Haha exactly what I was thinking to reply to OP, 2021's 200k to 300k per BTC minimum as a start, like, how? Didn't make too much sense then, and it absolutely doesn't make any sense now.
Filters however don't work. OP-return is preferred.
So tired of people trying to manipulate, OP no you didn't. Your sole reason to post this is because you're shorting. There's multiple accounts saying the exact same thing on other stocks. Stop trying to manipulate the market thx [https://www.reddit.com/r/wallstreetbets/comments/1ngvs9w/sold\_all\_pltr\_and\_bought\_house/](https://www.reddit.com/r/wallstreetbets/comments/1ngvs9w/sold_all_pltr_and_bought_house/)
"Regimented" I learned a new word. Thanks OP
It’s just another version of a life burden. His point still stands though, it may not be a blessing in all situations. That assumption though does not take into account what OP put in for down payment, could have been 50% or more with a really small mortgage vs the income. 🤷🏻♂️
I’m voting for OP on this one. I think all the smarty-pants thinking we’ve reached the top of the bell curve are probably still young enough to learn that they will be wrong. Innovator/early adopter stage currently.
This is naive logic. Imagine I came on here and said "hey everyone, I just sold my bitcoin for dollars and I'm so proud I own dollars now!" you'd laugh in my face. But I could use your logic to justify it and my return would be only a little worse than OP's.
OP needs attention. Lot of sick people running around.
nah OP needs to get a HELOC and a 2ns mortgage and buy more BTC
Interesting OP, that multiple other subs such as wall street bets have similar posts up about selling certain stocks using almost the exact same wording and then using that profit to buy their first house. Interesting that your post and comment history is obscured, also.
What a fantastic Sunday to pop a kid out, great idea OP 😊
Ja feel, OP. I had 6 or so coins left over that I mined on my AMD Crossfire 7970 back in 2012 and then sold it all off last year for the entire cost of a 3b2b house and spent the rest paying off my wife's car.
:facepalm: First, OP sold all of their bitcoin for a down payment on the house. They have no more to sell so I don’t know where this comment came from. Second: What number is bigger, 80 or 5.5? This is the CAGR difference between Bitcoin and a house over the past decade which doesn’t even include house maintenance or taxes which reduces the CAGR even more. A house is a terrible investment compared to the S&P, Nasdaq, let alone, a superior asset such as Bitcoin.
there was no point for you to comment. OP played it out like i said. you felt like offering an irrelevant opinion. you sound like a nut bag .
Congrats OP. Just curious, did you consider or look into borrowing against your btc to pay for the house?
Not sure why anyone would be talking about that OP. I’ve been around here 12 years & never heard of them.
Good that you did it before someone changes the fundamentals of number theory 🫠 Great job OP 🩷
Missing the point entirely. Bitcoin isn’t just a “savings system,” it’s p2p money. If I could pay for a house entirely with Bitcoin rather than converting to USD; that’s literally the point of the entire protocol in the first place. Trading it into dollars / deteriorating assets will always be a losing proposition, but people do require a place to live. The type of post OP is disagreeing with is the anecdotal proof that inflationary economics remains wrong about deflationary productivity and time preference.
It does. But if you go to a bank (or any trusted third party)again, they can debank you again. OP is not using bitcoin directly, he's using (was using) a trusted third party.
So why shit on OP for doing the same thing you did?
These comments are so pointless. They already sold. Besides making a snide remark and seeming like you're jealous, what purpose do these comments serve? They're not helpful. People need a place to live. OP is excited about this next big step in their lives. We should be happy for them, not tear them down.
Fantastic post. Well done OP.
Totally agree with you, OP. I made a decision to sell my house 5 yrs ago and have been renting since. I can't explain in words the 'freedom' I feel. And guess what, I was orange pilled just a year ago. Imagine what I might have felt if I had put all my money at that time into bitcoin! And in most parts of the country, especially in desirable neighborhoods, it is cheaper to rent the same house than pay mortgage. And the additional costs (property taxes, maintenance and upkeep) always keep going up. I've decided that I'll probably never buy a house, and keep renting.
I know OP is not doing both. I do REALIZE that he sold all of his Bitcoin to buy a house. But my statement was not referring to to what OP did, I was stating that owning BOTH is a good idea. In my area, homes average a growth rate of 5% per year at the lowest so over time real estate has given a decent return. That is why I own both real estate and bitcoin. And I love home ownership
OP your post could be interpreted a couple of different ways. If you mean cash out 100% then I think everyone here would agree with that. I’d *never* recommend people sell their entire stack (nor even most of it). Having said that, I sold a minor % of my BTC holdings to buy a beach house, & I don’t regret it. And no, I’m not a “slave” to debt. I have no debt. Thanks to Bitcoin, we were able to buy it without a mortgage. I’ve always kept a diversified portfolio of stocks, real estate, Bitcoin & precious metals. I’ve kept a nice enough stack of BTC I feel very well positioned for the continuing inflation we know is coming. It’s not always wrong to use a small portion of your BTC for real estate.
The OP wasn’t giving advice, they were just sharing what they used their bitcoin for that THEY are proud of. The fact that some of you in the comments are so adamant in the comments telling them they are wrong for for-filling a dream of theirs is weird as hell. Why the hell do you care what they did with theirs? Either congratulate or stfu because they weren’t asking for financial advice nor trying to give it to you.
OP isn’t doing both as they sold all of their bitcoin to buy a house. Also, in my area, over a 20 or so year time period, real estate increased at annual rate of 5.5% while bitcoin is closer to 100% (85% over the past decade). Also, houses have additional costs for maintenance, taxes, etc… which decrease the CAGR even more and bitcoin has none of those fees. Ideally, it’d be better to rent a house than get a mortgage as OP now has a negative rate of return as the mortgage interest rate is higher than their return plus maintenance costs. At best, OP has a 0% rate of return. Historical, unless you’re in a very high cost of living area, houses are a poor investment and the people that took the 20% or more down to put into an S&P and then rented have had a higher return on their net worth than the people buying a house. Don’t get me wrong, I plan on buying a house as well in the future but it’ll be a small percentage of my net worth rather than selling it all for a down payment. The goal is to only sell a small percentage to keep a good amount of skin in the game and not all of it.
OP bought at 15k but he only bought 1k
That's called gambling. No one knows for sure. You know what OP knows for sure tho? His family has a roof over their heads. Selling at a profit should always be considered a win.
So where do I put my head down to rest? OP I understand your concern but to me and many others, Bitcoin is freedom. The world in its entirety is broken and there is nothing wrong with purchasing a house in full from Bitcoin. In all honesty it's a smart move because you remove your biggest expense entirely. Unless you live in an RV, travel abroad, or are homeless, you'll either pay rent to someone or at a minimum pay taxes and maintenance on a house you own in full. I would choose the latter.
I was thinking the same thing, OP. My Bitcoin holdings are under 0.1, LOL. I keep debating whether I should double my position if BTC grows, that could really boost my stack. That said, with all due respect, even having 0.21 BTC already puts you ahead of many people. Of course, owning a full 1 BTC gives a stronger chance of significant upside if it ever reaches $1M in the future. But at around $115k for one Bitcoin today to invest, that’s a huge investment for me, LOL.
OP, congrats! No one knows what tomorrow brings and you made the choice to LIVE and fulfilled a dream. Reflect on that achievement. Enjoy your blessings. “An old man, turned 98, he won the lottery and died the next day”-Alanis Morrisette
Is a bitcoin maxy some one who looks at this and thinks “ no, i would not and will not. Bitcoin is the future of money and I’d rather be on the train to freedom than get off this early”? Cuz while I understand OP and I’m happy for them. I know I COULD NOT buy no damn house knowing what I know about btc and where I think its going to go.
Yeah sorry OP. Really early was back when BTC was under 1k Some legends even got it for pennies at one point. 100k is not really early
Congrats OP. I was forced to buy some bitcoin by peers LOL. I own some bit sound, but not life changing. Glad I did because my investment grew more than 100% of my original investment. Last I checked it was like 135% Now the yucky part is I did not invest more when it was the time.
Everyone makes their own choices. Please respect everyone's opinion instead of pretending to have complete knowledge! Congratulations OP on your new home
God this sub sucks so much ass sometimes with arrogance after seeing comments tearing you down for buying a home with Bitcoin. Congratulations on your new home OP.
You truly talk nonsense. You dont even know where OP lives.
BTC is supposed to be used for stuff like this. Congrats, OP!
OP spent all of his savings while saying he doesn’t plan on buying BTC until few months down the line. This means OP spent all of the best savings with no future plans of replenishing said savings and you think there’s nothing wrong with that? BTC IS the savings tech, the best one at that. He or she sold it all for a liability when he or she could’ve just rented and kept investing in BTC long term and this sub is applauding it lol
The guy commenting this lives with mom who pays the rent and has gambling addiction. The OP made great achievement in life, and he should be proud, and I bet he doesn't give a fck about those stupid comments. Let the gamblers live in delusion of becoming millionare one day while the other slowly build their wealth and life.
I never said OP failed. I said **if OPs goal** was to buy a house mortgage-free, then OP failed that goal.
Exactly. Don’t worry you’ll get downvoted for common sense. OP will have nothing but taxes, insurance, maintenance costs to worry about for the duration of that mortgage term. I own a home and I’ve been in the space as long as OP(a year earlier) owning a home(new one at that) was the single worst decision I made and I’m glad I never sold any sats for it. People here glorify owning even when they’re not truly owning said home. This sub is not what it used to be when I joined.
congrats OP! don’t listen to the people who live in their parents house telling you how much you’ll regret selling.. now start stacking again
Telling someone they failed when they are clearly excited about a personal achievement is huge loser energy. OP didn’t specify what his DP was. Shame on you for raining on someone’s parade.
Isn’t that why you SAVE? OP selling all of his savings technology today for a house is a bad idea no matter how you spin it.
You don’t know his timeline. Having your house paid off is extremely important for retirement in my opinion. If Bitcoin truly does go up forever (which I believe it does) if you ever sale, you technically could be missing out. It’s meant to hold the value of your money till you need it and that’s what OP did. GO OP!
You can't retire with just 1 house and a mortgage though. OP got impatient and sold too early.
That is just a guess, and I also think that is true. but again, i THINK that is true. OP made a good call
Hey OP u/AndyR1chy12 quick tip if you want more reach and awareness for your neat project/product here. Go on Twitter/X and post a tweet about it and include #BuildwithCoinGecko, the official CoinGecko team might retweet or quote tweet it. Nice one, keepitup\~
Ha ha yeah I'll assume the OP didn't quite mean it that way but it's pretty funny to read.
Likewise solana and eth they both also surpassed Aths imo OP do your research don't listen to others regarding your own money thats why they say DYOR.
You have 100k to gamble, not invest. Pleae make sur eyou acknowledge the risks, OP.
HODL or FOMO, the choice is yours OP!
Obvs the post is real but is there a reason the OOP’s account age is 12a instead of 12y in screenshot? Actual account is 12y. Why would OP change this?
What OP means is that BTC is valued at the marginal price, much like residential real estate. And like residential real estate, most of it trades infrequently, yet the value of all of it is priced based on the most recent sale. This probably explains BTC's volatility - its price spikes when there are spikes in demand, and then that higher price makes more BTC available from persons who did not intend to sell when it was priced lower.
Yeah but in case of Bitcoin some coins are not accessible at all, therefore they can be subtracted from the total supply. OP has a good point. The part about institutional holders not wanting to sell is a bit more shaky, but still kind of makes sense
I’m a bit nervous about the Bitcoin core v30 OP_RETURN update. Any opinions on this, or in general the knots vs core discussion?
Maybe in 2021 when it was around 4000 usd per bitcoin. a years income would get him around 10 btc at 15 dollars an hour. 15x40x52 =31,200. Just about-ish, maybe 2 years. Bit sus tho still, would be nice if OP could explain.
But then… Bitcoin is on your radar. You’d buy back in. Even OP has seen a 15X from the “price you deserve”. I just think people overestimate the number of people that were really that early. Think pre Mt. Gox. or Silk Road. Then wax poetic if you need to. Post it to Reddit. The message is: keep stacking!
That "malware" transaction was just a proof that it's all FUD. Also Core30 hasn't been released yet and people are broadcasting large OP\_RETURNs like this just fine by enabling it in their Core. So filter it out doesn't work at all except if it was a proper consensus change via soft fork.
OP and newbies - don't trust anyone like this guy who claims to know exactly what's going to happen. No one knows for certain what's going to happen. Do your own research and invest what you're comfortable with.
US long-term capital gains depend on income, but most will pay 15%. 15% of 27 is just over $4k, so OP wins. They've also reset their cost basis higher, which means less tax when they sell in the future. Even if OP were in the top tax bracket, they end up paying just $400 per coin to reset their cost basis, so they still win unless future tax changes bring cap gains to almost zero. Much more likely it goes the other way.
Wrong, OP is increasing dollar holdings not BTC. I bet he has less BTC now than before he ever sold the first time and all the "dollars" profit wouldn't be able to buy the same or greater amount of bitcoins today. Therefore, it's reducing their btc holding over time.
No. OP is increasing their btc holding by being smart.
Optimism network OP Stack the backbone to Ethereum. space and time is backed by Microsoft, Filecoin and bankrcoin is backed by Coinbase. All great projects with alot of potential.
OP this is just gonna be people spamming their shit coins at you. Don’t listen to any of this nonsense.
Tbf I just saw the same ad and the url OP put is not actually the url, it’s similar but the first letters wrong