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Reddit Post Reporting Tesla’s Bitcoin Purchase From A Month Ago Was A Hoax

CoinInsider is the authority on bitcoin, ethereum, ICO and blockchain news; providing breaking newsletters, incisive opinions, market analysis, and regulatory updates. A cryptocurrency Reddit user, u/Cryptorich13, has made nearly $25,000 USD in profit by using the platform’s cryptocurrency reward’s programme and converting his earnings into Bitcoin. A cryptocurrency user on Reddit made nearly $24,000 USD in profit by changing his Reddit Moons for Bitcoin before the surge. Credit cards provide a slight pseudonym from the public given by the credit card company. Some BTC developers are trying to build a second layer on top of Bitcoin, which offers optional privacy as a patch. For example, ZCash is often mistakenly advertised as a privacy coin.

The token exists to introduce users to cryptocurrency concepts as well as to encourage users to create content on the platform and partake in conversations about the industry. u/Cryptorich13 explained how he changed his Reddit Moons at a price of between $0.08 USD and $0.13 USD for stablecoin Dai in September. Following this, he converted his Dai holdings into Bitcoin to hold nearly 1 BTC. Since the bull run, the price of his cryptocurrency holdings have surged, and the market is showing no evident signs of correcting.

Data additionally shows large amounts of BTC leaving exchanges for private wallets, a classic indicator of the desire to hodl rather than trade or sell. “I’ve gotta watch what I say here; some of these things can really move the market,” he began. Nonetheless, some saw the potential if the same group of retail investors were to buy up silver en masse. For veteran trader Peter Brandt, a possible targetis $102 or 250% from current levels. A separate thorn in the side of U.S. policy comes in the form of continued disagreement over the size of a fresh economic stimulus package. New President Joe Biden’s $1.9 trillion plans have been challenged, and Republicans are instead offering a package worth $600 billion — almost 70% less. In what is likely to become a continued narrative, markets are still feeling the impact of a retail investor revolt which turned sour after regulators and trading platforms stepped in to stop them from participating. The moderator then concluded by highlighting that there are “more exciting things happening in Bitcoin” than a six-year-old post that had recently been edited. “It should be noted that there is no indication whatsoever that any ‘time travel’ is involved, and that the original unedited post was held in high regard solely as an imaginative piece of fan-fiction. It is also unclear whether the original thread was intended to be an ominous warning about Bitcoin as the edit portrays, or if the account holder’s motive and outlook shifted since 2013.

Bitcoin Cash: Peer

Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure. “Thanks for the heads up Elon,” noted one poster, Valoured, on Tuesday. “I told you so,” TSLAinsider wrote on Monday after the Tesla news on bitcoin. Reuters could not independently verify the user’s identity or whether his initial or subsequent claims were accurate. According to Bottlepay, a user needs only to tweet for the feature to send a specific amount of sats to another user’s account.

The user’s original post stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. But it received a second look Wednesday, a day after the electric carmaker and its CEO Elon Musk disclosed a $1.5 billion investment in the cryptocurrency that sent bitcoin to fresh highs. The user’s original post here stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. Tesla’s record-breaking bitcoin purchase stunned the markets earlier this week, causing the price of bitcoin to spike to a new high of over $48,000 per coin. Predicting a purchase of this size would require amazing foresight or https://forexarticles.net/beaxy-crypto-exchange/ insider knowledge, something which Reddit users were keen to figure out following a now-removed post from Jan. 2 by a user known only as Tslainsider. Not long after the surprise announcement, attention turned to a Jan. 2 post from a Reddit user named “TSLAinsider” who had claimed to have a hot tip about Tesla’s move into the cryptocurrency market. Tesla stunned Wall Street on Monday when it revealed it had acquired $1.5 billion in bitcoin to “further diversify and maximize returns” for the cash on its balance sheet. Tesla said it also plans to start accepting the cryptocurrency as a payment option for its electric cars.

This was three years before bitcoin was thrust into the global limelight by its epic 2017 bull run that saw the bitcoin price soar from under $1,000 in January to around $20,000 by December—making it easily the decade’s best investment. Moderators in r/TSLA, a subreddit dedicated to posts on the electric carmaker’s technology and stock price, previously appeared to remove the post here. It was left up in r/bitcoin, where the cryptocurrency is discussed. When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open cryptocurrency discussion. Today, r/btc users can discuss any cryptocurrency topic without fear of moderator retaliation, while r/Bitcoin and r/CryptoCurrency are both still heavily censored.

“I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. Per the company, in the coming months, users should also be able to spend and transfer money via Reddit, Discord, Instagram, Twitch, Telegram, and Mastodon. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” a user with the handle TSLAinsider posted in the bitcoin subreddit. The post here received little attention when it appeared, with the date on it reading Jan 2, but it is getting a second look now, a day after the electric carmaker, led by Elon Musk, disclosed a $1.5 billion investment in the cryptocurrency. Meanwhile, some smaller Reddit cryptocurrency communities continue to closely reflect their respective digital token prices—and Gilbert reckons analysis of these could be used to predict the price of, for example, ethereum and litecoin. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. A Reddit Moon is the cryptocurrency of the r/Cryptocurrency subreddit. It is the official token which is rewarded to users for contributing content to the subreddit and is associated with Reddit users who are involved in discussing and analysing cryptocurrency on the social platform.

The last two years have seen global financial institutions from JP Morgan to Goldman Sachs buy into bitcoin, cryptocurrencies and blockchain technology. Once thought of as an alternative piece of financial technology, overheard bitcoin-related coffee shop chats are now more likely to involve startup CEOs and finance executives than grassroots libertarians and economic revolutionaries. Bitcoin’s subsequent sell-off throughout 2018 saw bitcoin mentions bitcoin auto trading fall along with the price. I write about how bitcoin, crypto and blockchain can change the world. Bitcoin touched its all-time high of $48,003.72 on Tuesday after the Tesla announcement. The cryptocurrency traded 0.10% higher at $46,392.83 at press-time. The user posted a link to the Post’s story and appeared to corroborate it. Oct 30th update he delivered $4,000 and now that money is in a whaleclub account 5–1 ethereum trade at 300.

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I also thought it would be fun to buy a call option for about 10 coins with a strike price of $2,000 in one year. If it goes to $5,000 I make decent money if not my losses are capped. The New York Post added that with the btc auto trading timeline on the Reddit post, Tesla would have had to start buying bitcoin in late December. “I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote.

You should consider whether you fully understand them and whether you can afford to take the high risk of losing your money. The content of Coin Insider does not constitute any type of investment advice. It also didn’t quite line up with Tesla’s Monday regulatory filing, which said the company bought Bitcoin after changing its investment policy btc reddit in January. The purchases spanning 72 hours would have had to start during the final days of December if TSLAinsider’s timeline were accurate. Hendrik provided The Post with a screenshot showing himself logged into the TSLAinsider Reddit account, which triumphantly posted “I TOLD YOU SO” after Tesla’s market-moving Monday announcement.

“I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. The company also stated that the app lowers the merchant charges and transfer fees associated with digital payments. As Bitcoin has been ranging for several weeks since hitting $42,000 all-time highs last month, commentators are still waiting to see if lower levels need a retest before the overall bull market can continue. As trading resumes around the world, the largest cryptocurrency is still lacking decisive momentum up or down. Reuters could not verify the user’s identity, whether the user is a Tesla employee or whether the post was modified from the original. Tesla did not immediately respond to an email to its press office. The moral of the original post was to implore the reader to reconsider their investment, as widespread Bitcoin adoption is to supposedly ruin the world beyond repair. social media analysis could be used to predict the price of smaller cryptocurrencies. “I suspect there are entities out there right now mining social data for insights,” Gilbert said. “I would expect it works best for medium sized market-cap cryptos and using more sophisticated sentiment analysis techniques on the comments than frequency counts.”

Reddit User Claiming To Be Tesla Insider Now Says Bitcoin Posts Were Not True

This trend would eventually lead a single Bitcoin to be worth $1 million by 2021. From then, there will be apparently no good way to express Bitcoin‘s value in dollars, as the dollar is no longer used. In this version of the future, “land and cryptocurrency” will be the only relevant assets of value left. There are dedicated subreddits for most major cryptocurrencies as well as broader forums like r/cryptocurrencies—all of which regularly discuss bitcoin and the bitcoin price. Reddit was once very important to bitcoin and the cryptocurrency community—but now that no longer seems to be the case. Back in 2014, at a bitcoin and cryptocurrency conference I attended in Dublin, Reddit’s r/bitcoin forum was mentioned many times on stage and even more by the audience. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.

As an Ethereum-based token, they are interoperable with other Ethereum apps and are interchangeable with other cryptocurrencies – as established by the profit u/Cryptorich13 was able to make. The US dollar accounts for 80% of the world’s trade, but contributes only 25% of the world’s gross domestic product. From an investment perspective, people have been rewarded for saving US dollars as savings over the last few decades. The monetary policy behind the US dollar turned out to be a fatal flaw. Wall Street doesn’t like the privacy aspect because it generates revenue based on the flow of assets. What’s important for Wall Street is that $ 100 billion worth of BTC is worth $ 100 billion, rather than $ 100,000 worth of $ 1 million worth of trade. Financial institutions earn their retention by making money as an intermediary, not by being out of control.

Bitcoin Is Inefficient, Bitcoin Cash Fixes That Buy Bch Its The Future

“Overall Supply weighing down market, until this subsides sellers in control as seen by lower highs and lower lows. LTFs show some attempt to break this but first 34k must be reclaimed,” he summarized on Saturday. Finally, technical analysis of Bitcoin produces clear levels which need to be either reclaimed or avoided to determine market direction. “I don’t have a strong opinion on other cryptocurrencies, I mean, I occasionally make jokes about Dogecoin but that was really just meant to be jokes,” he said. Bitcoin may have to fight for prevalence not with non-crypto investment options but with altcoins in the coming days.

“Nothing bolsters my faith in a currency like a crappy MS Paint doodle,” one Reddit user said of the ad when it was created. The ad was made by another still-somewhat-active Reddit user going by the name mavensbot. Treasury Secretary Janet Yellen last week said last week that financial market regulators needed to take stock of the frenzy surrounding GameStop and other stocks before taking any action, according to Reuters. The user told the New York Post late on Tuesday that he is in fact a prankster from Germany. Reuters could not independently verify the user’s identity or whether his initial or subsequent bitcoin auto trading claims were accurate. It’s a bit odd being told how energy inefficient bitcoin is, whilst watching tv and seeing several gigantic diesel machines churn up thousands of tonnes of earth in Alaska to produce tiny flecks of gold. Venezuela Workers is a website that uses Bitcoin Cash through its platform as a payment method to hire Venezuelan freelancers. We are currently looking for employers interested in considering hiring Venezuelans for any type of digital work under a very inexpensive budget. ~4 months ago, I got an eye infection and was not allowed to watch any screen for a couple of months.

As a result, crypto tracking companies such as Chainanalysis can document over 99% of ZCash transactions based on the resulting metadata . His initial post — which at first got no comments from other users on Reddit’s Bitcoin-focused forum — was dubious enough that moderators of the message board dedicated to Tesla stock removed it, according to Hendrik. The post looked like such a prescient prediction of Tesla’s bitcoin investment that financial news outlets including Reuters and Bloomberg picked it up this week. A German prankster claims that he was behind a mysterious Reddit post last month that appeared to anticipate Tesla’s blockbuster bitcoin buy this week — and that he was on LSD when he did it, The Post has learned. Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, previously appeared to remove the post. Since the app launched last month, users have made total transactions of more than GBP 1.7m (USD 2.37m), they added. Recently-launched payments app Bottlepay has revealed its new feature that enables users to send and receive bitcoin via Twitter. As rumors spread that Reddit investors plan to target XRP this week, the fourth-largest cryptocurrency began outperforming the major market cap tokens on Monday. 24-hour gains have hit almost 40%, marking a comeback for the embattled coin which previously dipped as low as $0.16 from highs above $0.60. Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, appeared to remove the post here.

It also seems unlikely that one could contact the account holder directly since there is no way to send them a private message,” they noted. “However, depending on the technique that Reddit admins used to disable the account, the account holder is not prevented from editing previously posted threads and comments,” said the moderator. r/Bitcoin subreddit, and such site-wide actions can only be performed by reddit site administrators,” they added. “The post was originally made on August 31st, 2013 and was edited by the original account on October 27th, 2019,” they said. Bitcoin Citadels have evolved into a permanent part of the Bitcoin vernacular; a meme to help imagine what life would be like post-hyperbitcoinization. The post is absolutely ridiculous, but surprisingly, it appears someone has recently doctored it to read as if OP themselves returned to edit the post, despite their account being deleted years ago.

Reddit User Claiming To Be Tesla Insider Appeared To Reveal Bitcoin Buy A Month Ago

But bitcoin isn’t “weird” any more and its “magic” is being dissolved by corporate interests. The individuals who made bitcoin what it is today, discussing bitcoin developments on r/bitcoin and BitcoinTalk threads, have lost control and lost interest. At the time, the bitcoin wizard no longer featured prominently on the forum, sitting at the bottom-right of the newly redesigned site. “It’s a sign that bitcoin has matured and is starting to hit the mainstream.” The r/bitcoin subreddit, created in 2010, now boasts almost 1.3 million subscribers—more than double it had at the peak of bitcoin’s 2017 bull run.

• u/Cryptorich13 explained how he changed his Reddit Moons at a price of between $0.08 USD and $0.13 USD for stablecoin Dai in September.
• The moderator then concluded by highlighting that there are “more exciting things happening in Bitcoin” than a six-year-old post that had recently been edited.
• In this version of the future, “land and cryptocurrency” will be the only relevant assets of value left.
• social media analysis could be used to predict the price of smaller cryptocurrencies.
• We are currently looking for employers interested in considering hiring Venezuelans for any type of digital work under a very inexpensive budget.
• r/Bitcoin subreddit, and such site-wide actions can only be performed by reddit site administrators,” they added.

In 2013,a Reddit user appeared to present a bleak outlook of the year 2025, where rampant inequality and parabolic Bitcoin value has pushed the world to the brink of collapse. Hendrik went on to praise Musk for “getting Tesla into the bitcoin game” in the rest of the interview. It’s unclear why the original poster, who we now know is a German national named “Hendrik,” decided to come clean about the post. Given what started as a prank escalated into a story that captured the attention of international news outlets such as Reuters btc reddit and Bloomberg, Hendrik may have feared legal ramifications if his “trollpost” escalated further. But the identity of that poster has now been revealed by the New York Post, in an article which includes a rather shocking revelation from the 24-year-old political science student stating he was “high on acid” when he wrote it. Now, the bitcoin wizard can’t be found anywhere on the bitcoin subreddit. For better or worse bitcoin has outgrown this “weird” niche—the suits are firmly in control and the Big Money has arrived.

The user offered an explanation about how he converted his reward tokens into Bitcoin, and that the value of his cryptocurrency now has shot up to boast a figure of $23,736 USD at the time of his post. The key to the currency we use every day is privacy, as well as substitutability and ease of use. Privacy is the best of all cryptocurrency digital currency options in the Pirates chain . Pirate Chain is the closest digital iteration of cash and the best form of digital currency ever available . Treasury Secretary Janet Yellen last week vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. As bitcoin and cryptocurrency prices spiked in 2017, bitcoin mentions across Reddit kept pace, data collected by analysts at cryptocurrency data platform ChartStar this week revealed.

I was always aware of the war happening between BCH/BTC but I never knew enough to pick a side, so I kept quiet and read more. Most of the people don’t do reading and possibly don’t even beaxy crypto exchange care about the original Bitcoin model. Bitcoin Cash is hated in crypto space, it is being avoided, big blockers are being mocked, because they support the original idea by Satoshi.|

Bitcoin Vs Wall Street. Reddit Bitcoin

But bitcoin isn’t “weird” any more and its “magic” is being dissolved by corporate interests. The individuals who made bitcoin what it is today, discussing bitcoin developments on r/bitcoin and BitcoinTalk threads, have lost control and lost interest. At the time, the bitcoin wizard no longer featured prominently on the forum, sitting at the bottom-right of the newly redesigned site. “It’s a sign that bitcoin has matured and is starting to hit the mainstream.” The r/bitcoin subreddit, created in 2010, now boasts almost 1.3 million subscribers—more than double it had at the peak of bitcoin’s 2017 bull run.

The user offered an explanation about how he converted his reward tokens into Bitcoin, and that the value of his cryptocurrency now has shot up to boast a figure of $23,736 USD at the time of his post. The key to the currency we use every day is privacy, as well as substitutability and ease of use. Privacy is the best of all cryptocurrency digital currency options in the Pirates chain . Pirate Chain is the closest digital iteration of cash and the best form of digital currency ever available . Treasury Secretary Janet Yellen last week vowed to protect investors, but said financial market regulators needed to fully understand https://forexdelta.net/cryptocurrency-exchange-beaxy-review/ the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. As bitcoin and cryptocurrency prices spiked in 2017, bitcoin mentions across Reddit kept pace, data collected by analysts at cryptocurrency data platform ChartStar this week revealed.

“I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. Per the company, in the coming months, users should also be able to spend and transfer money via Reddit, Discord, Instagram, Twitch, Telegram, and Mastodon. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” a user with the handle TSLAinsider posted in the bitcoin subreddit. The post here received little attention when it appeared, with the date on it reading Jan 2, but it is getting a second look now, a day after the electric carmaker, led by Elon Musk, disclosed a $1.5 billion auto trading investment in the cryptocurrency. Meanwhile, some smaller Reddit cryptocurrency communities continue to closely reflect their respective digital token prices—and Gilbert reckons analysis of these could be used to predict the price of, for example, ethereum and litecoin. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. A Reddit Moon is the cryptocurrency of the r/Cryptocurrency subreddit. It is the official token which is rewarded to users for contributing content to the subreddit and is associated with Reddit users who are involved in discussing and analysing cryptocurrency on the social platform.

You should consider whether you fully understand them and whether you can afford to take the high risk of losing your money. The content of Coin Insider does not constitute any type of investment advice. It also didn’t quite line up with Tesla’s Monday regulatory filing, which said the company bought Bitcoin after changing its investment policy in January. The purchases spanning 72 hours would have had to start during the final days of December if TSLAinsider’s timeline were accurate. Hendrik provided The Post with a screenshot showing himself logged into the TSLAinsider Reddit account, which triumphantly posted “I TOLD YOU SO” after Tesla’s market-moving Monday announcement.

• I also thought it would be fun to buy a call option for about 10 coins with a strike price of $2,000 in one year.
• Tesla said it also plans to start accepting the cryptocurrency as a payment option for its electric cars.
• LTFs show some attempt to break this but first 34k must be reclaimed,” he summarized on Saturday.
• Venezuela Workers is a website that uses Bitcoin Cash through its platform as a payment method to hire Venezuelan freelancers.
• Bitcoin Cash is hated in crypto space, it is being avoided, big blockers are being mocked, because they support the original idea by Satoshi.
• CoinInsider is the authority on bitcoin, ethereum, ICO and blockchain news; providing breaking newsletters, incisive opinions, market analysis, and regulatory updates.

As an Ethereum-based token, they are interoperable with other Ethereum apps and are interchangeable with other cryptocurrencies – as established by the profit u/Cryptorich13 was able to make. The US dollar accounts for 80% of the world’s trade, but contributes only 25% of the world’s gross domestic product. From an investment perspective, people have been rewarded for saving US dollars as savings over the last few decades. The btc reddit monetary policy behind the US dollar turned out to be a fatal flaw. Wall Street doesn’t like the privacy aspect because it generates revenue based on the flow of assets. What’s important for Wall Street is that $ 100 billion worth of BTC is worth $ 100 billion, rather than $ 100,000 worth of $ 1 million worth of trade. Financial institutions earn their retention by making money as an intermediary, not by being out of control.

Reddit Doubles Valuation To $6b Amid Wallstreetbets, Gamestop Frenzy

As a result, crypto tracking companies such as Chainanalysis can document over 99% of ZCash transactions based on the resulting metadata . His initial post — which at first got no comments from other users on Reddit’s Bitcoin-focused forum — was dubious enough that moderators of the message board dedicated to Tesla stock removed it, according to Hendrik. The post looked like such a prescient prediction of Tesla’s bitcoin investment that financial news outlets including Reuters and Bloomberg picked it up this week. A German prankster claims that he was behind a mysterious Reddit post last month that appeared to anticipate Tesla’s blockbuster bitcoin buy this week — and that he was on LSD when he did it, The Post has learned. Moderators in r/Tesla, a btc reddit subreddit dedicated to posts on the electric carmaker, previously appeared to remove the post. Since the app launched last month, users have made total transactions of more than GBP 1.7m (USD 2.37m), they added. Recently-launched payments app Bottlepay has revealed its new feature that enables users to send and receive bitcoin via Twitter. As rumors spread that Reddit investors plan to target XRP this week, the fourth-largest cryptocurrency began outperforming the major market cap tokens on Monday. 24-hour gains have hit almost 40%, marking a comeback for the embattled coin which previously dipped as low as $0.16 from highs above $0.60. Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, appeared to remove the post here.

It also seems unlikely that one could contact the account holder directly since there is no way to send them a private message,” they noted. “However, depending on the technique that Reddit admins used to disable the account, the account holder is not prevented from editing previously posted threads and comments,” said the moderator. r/Bitcoin subreddit, and such site-wide actions can only be performed by reddit site administrators,” they added. “The post was originally made on August 31st, 2013 and was edited by the original account on October 27th, 2019,” they said. Bitcoin Citadels have evolved into a permanent part of the Bitcoin vernacular; a meme to help imagine what life would be like post-hyperbitcoinization. The post is absolutely ridiculous, but surprisingly, it appears someone has recently doctored it to read as if OP themselves returned to edit the post, despite their account being deleted years ago.

I Am In! Bch Is The Real Bitcoin

The last two years have seen global financial institutions from JP Morgan to Goldman Sachs buy into bitcoin, cryptocurrencies and blockchain technology. Once thought of as an alternative piece of financial technology, overheard bitcoin-related coffee shop chats are now more likely to involve startup CEOs and finance executives than grassroots libertarians and economic revolutionaries. Bitcoin’s subsequent sell-off throughout 2018 saw bitcoin mentions fall along with the price. I write about how bitcoin, crypto and blockchain can change the world. Bitcoin touched its all-time high of $48,003.72 on Tuesday after the Tesla announcement. The cryptocurrency traded 0.10% higher at $46,392.83 at press-time. The user posted a link to the Post’s story and appeared to corroborate it. Oct 30th update he delivered $4,000 and now that money is in a whaleclub account 5–1 ethereum trade at 300.

“Nothing bolsters my faith in a currency like a crappy MS Paint doodle,” one Reddit user said of the ad when it was created. The ad was made by another still-somewhat-active Reddit user going by the name mavensbot. Treasury Secretary Janet Yellen last week said last week that financial market regulators needed to take stock of the frenzy surrounding GameStop and other stocks before taking any action, according to Reuters. The user told the New York Post late on Tuesday that he is in fact a prankster from Germany. Reuters could not independently verify the user’s identity or whether his initial or subsequent hummingbot auto trading claims were accurate. It’s a bit odd being told how energy inefficient bitcoin is, whilst watching tv and seeing several gigantic diesel machines churn up thousands of tonnes of earth in Alaska to produce tiny flecks of gold. Venezuela Workers is a website that uses Bitcoin Cash through its platform as a payment method to hire Venezuelan freelancers. We are currently looking for employers interested in considering hiring Venezuelans for any type of digital work under a very inexpensive budget. ~4 months ago, I got an eye infection and was not allowed to watch any screen for a couple of months.

I was always aware of the war happening between BCH/BTC but I never knew enough to pick a side, so I kept quiet and read more. Most of the people don’t do reading and possibly don’t even care about the original Bitcoin model. Bitcoin Cash is hated in crypto space, it is being avoided, big blockers are being mocked, because they support the original idea by Satoshi.

The token exists to introduce users to cryptocurrency concepts as well as to encourage users to create content on the platform and partake in conversations about the industry. u/Cryptorich13 explained how he changed his Reddit Moons at a price of between $0.08 USD and $0.13 USD for stablecoin Dai in September. Following this, he converted his Dai holdings into Bitcoin to hold nearly 1 BTC. Since the bull run, the price of his cryptocurrency holdings have surged, and the market is showing no evident signs of correcting.

I Just Bought A $2,000 Bitcoin call Option From A Stranger On Reddit For $300

In 2013,a Reddit user appeared to present a bleak outlook of the year 2025, where rampant inequality and parabolic Bitcoin value has pushed the world to the brink of collapse. Hendrik went on to praise Musk for “getting Tesla into the bitcoin game” in the rest of the interview. It’s unclear why the original poster, who we now know is a German national named “Hendrik,” decided to come clean about the post. Given what started as a prank escalated into a story that captured the attention of international news outlets such as Reuters and Bloomberg, Hendrik may have feared legal ramifications if his “trollpost” escalated further. But the identity of that poster has now been revealed by the New York Post, in an article which includes a rather shocking revelation from the 24-year-old political science student stating he was “high on acid” when he wrote it. Now, the bitcoin wizard can’t be found anywhere on the bitcoin subreddit. For better or worse bitcoin has outgrown this “weird” niche—the suits are firmly in control and the Big Money has arrived.

Data additionally shows large amounts of BTC leaving exchanges for private wallets, a classic indicator of the desire to hodl rather than trade or sell. “I’ve gotta watch what I say here; some of these things can really move the market,” he began. Nonetheless, some saw the potential if the same group of retail investors were to buy up silver en masse. For veteran trader Peter Brandt, a possible targetis $102 or 250% from current levels. A separate thorn in the side of U.S. policy comes in the form of continued disagreement over the size of a fresh economic stimulus package. New President Joe Biden’s $1.9 trillion plans have been challenged, and Republicans are instead offering a package worth $600 billion — almost 70% less. In what is likely to become a continued narrative, markets are still feeling the impact of a retail investor revolt which turned sour after regulators and trading platforms stepped in to stop them from participating. The moderator then concluded by highlighting that there are “more exciting things happening in Bitcoin” than a six-year-old post that had recently been edited. “It should be noted that there is no indication whatsoever that any ‘time travel’ is involved, and that the original unedited post was held in high regard solely as an imaginative piece of fan-fiction. It is also unclear whether the original thread was intended to be an ominous warning about Bitcoin as the edit portrays, or if the account holder’s motive and outlook shifted since 2013.

Defi On Bitcoin Cash Is Here!

“Overall Supply weighing down market, until this subsides sellers in control as seen by lower highs and lower lows. LTFs show some attempt to break this but first 34k must be reclaimed,” he summarized on Saturday. Finally, technical analysis of Bitcoin produces clear levels which need to be either reclaimed or avoided bitcoin auto trading to determine market direction. “I don’t have a strong opinion on other cryptocurrencies, I mean, I occasionally make jokes about Dogecoin but that was really just meant to be jokes,” he said. Bitcoin may have to fight for prevalence not with non-crypto investment options but with altcoins in the coming days.

This was three years before bitcoin was thrust into the global limelight by its epic 2017 bull run that saw the bitcoin price soar from under $1,000 in January to around $20,000 by December—making it easily the decade’s best investment. Moderators in r/TSLA, a subreddit dedicated to posts on the electric carmaker’s technology and stock price, previously appeared to remove the post here. It was left up in r/bitcoin, where the cryptocurrency is discussed. When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open cryptocurrency discussion. Today, r/btc users can discuss any cryptocurrency topic without fear of moderator retaliation, while r/Bitcoin and r/CryptoCurrency are both still heavily censored.

The user’s original post stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. But it received a second look Wednesday, a day after the electric carmaker and its CEO Elon Musk disclosed a $1.5 billion investment in the cryptocurrency that sent bitcoin to fresh highs. The user’s original post here stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. Tesla’s record-breaking bitcoin purchase stunned the markets earlier this week, causing the price of bitcoin to spike to a new high of over $48,000 per coin. Predicting a purchase of this size would require amazing foresight or insider knowledge, something which Reddit users were keen to figure out following a now-removed post from Jan. 2 by a user known only as Tslainsider. Not long after the surprise announcement, attention turned to a Jan. 2 post from a Reddit user named “TSLAinsider” who had claimed to have a hot tip about Tesla’s move into the cryptocurrency market. Tesla stunned Wall Street on Monday when it revealed it had acquired $1.5 billion in bitcoin to “further diversify and maximize returns” for the cash on its balance sheet. Tesla said it also plans to start accepting the cryptocurrency as a payment option for its electric cars.

“I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. The company also stated that the app lowers the merchant charges and transfer fees associated with digital payments. As Bitcoin has been ranging for several weeks since hitting $42,000 all-time highs last month, commentators are still waiting to see if lower levels need a retest before the overall bull market can continue. As trading resumes around the world, the largest cryptocurrency is still lacking decisive momentum up or down. Reuters could not verify the user’s identity, whether the user is a Tesla employee or whether the post was modified from the original. Tesla did not immediately respond to an email to its press office. The moral of the original post was to implore the reader to reconsider their investment, as widespread Bitcoin adoption is to supposedly ruin the world beyond repair. social media analysis could be used to predict the price of smaller cryptocurrencies. “I suspect there are entities out there right now mining social data for insights,” Gilbert said. “I would expect it works best for medium sized market-cap cryptos and using more sophisticated sentiment analysis techniques on the comments than frequency counts.”

This trend would eventually lead a single Bitcoin to be worth $1 million by 2021. From then, there will be apparently no good way to express Bitcoin‘s value in dollars, as the dollar is no longer used. In this version of the future, “land and cryptocurrency” will be the only relevant assets of value left. There are dedicated subreddits for most major cryptocurrencies as well as broader forums like r/cryptocurrencies—all of which regularly discuss bitcoin and the bitcoin price. Reddit was once very important to bitcoin and the cryptocurrency community—but now that no longer seems to be the case. Back in 2014, at a bitcoin and cryptocurrency conference I attended in Dublin, Reddit’s r/bitcoin forum was mentioned many times on stage and even more by the audience. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.

Musk: I’m “late To The Party” With Bitcoin

CoinInsider is the authority on bitcoin, ethereum, ICO and blockchain news; providing breaking newsletters, incisive opinions, market analysis, and regulatory updates. A cryptocurrency Reddit user, u/Cryptorich13, has made nearly $25,000 USD in profit by using the platform’s cryptocurrency reward’s programme and converting his earnings into Bitcoin. A cryptocurrency user on Reddit made nearly $24,000 USD in profit by changing his Reddit Moons for Bitcoin before the surge. Credit cards provide a slight pseudonym from the public given by the credit card company. Some BTC developers are trying to build a second layer on top of Bitcoin, which offers optional privacy as a patch. For example, ZCash is often mistakenly advertised as a privacy coin.

I also thought it would be fun to buy a call option for about 10 coins with a strike price of $2,000 in one year. If it goes to $5,000 I make decent money if not my losses are capped. The New York Post added that with the timeline on the Reddit post, Tesla would have had to start buying bitcoin in late December. “I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote.

Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure. “Thanks for the heads up Elon,” noted one poster, Valoured, on Tuesday. “I told you so,” TSLAinsider wrote on Monday after the Tesla news on bitcoin. Reuters beaxy crypto exchange could not independently verify the user’s identity or whether his initial or subsequent claims were accurate. According to Bottlepay, a user needs only to tweet for the feature to send a specific amount of sats to another user’s account.

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