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Bitcoin being stocked at a little over $29k is getting a some people tensed... I know that may be the reason for the reactions here. But I have this to say: no need for the aggression, it's gonna be OK.
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It's really very simple and it applies in Bitcoin, and maybe to a very small set of those other coins that have an incentive structure that makes sense, but mainly Bitcoin.
Yes, In the long run BTC is here to stay and these are my thoughts about BTC but on the way i am also learning BTC also make people poor but only those become poor who enter without some aim and knowledge because at least a person with determined purpose of getting profits or saving money for longer period of time against inflation cannot ever become poor. The meme is just for fun here and i have some more in my phone here is another one to explain the situation: (i know its not meme)  This post enough for me to understand the potential BTC had but i did not had the opportunity to get that much BTC because i just entered market few months ago. But the person in the tweet made some next level mistake and i also watched another video which was uploaded on YT back in time where the representative of the video was begging people to buy BTC at least of $1 only. In his situation, he's the MEME. But to be honest, if I had Bitcoin during 2011, I don't believe that I would have the same conviction in HODLing Bitcoin as I have now. The biggest exchange was a website domain registered for Magic The Gathering cards, no one accepted it or was interested in it outside of the community, and was the Silk Road already online? The Silk Road might be the only service that might make smarter HODLers say, "This is going somewhere". But I'm the stupid one. Anyone who held Bitcoin from 2011 till date deserve standing ovation. It takes a great deal of courage, patience and faith to hold Bitcoin that long. Nevertheless, it is not still late to buy and hold. Perhaps, ten years from now, those who fail to join might be wishing they had joined in 2023 when Bitcoin was $29k. |
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This is what I want to say to everyone, if someone wants to contribute to the popularity of bitcoin happening faster. I mean, instead we find ways or solutions to spread bitcoin on social media or do big things to make bitcoin popular. What we need to do is share bitcoins with our loved ones, the closest people around us. If we all do that simple thing, I believe bitcoin will become more popular than we can imagine. Don't think we have to do something monumental and big to be effective, let's do things that are simple and within our capabilities.
The future of Bitcoin depends largely on the solution it offers and how well people understand and appreciate same. The moment many people begin to render and receive services through Bitcoin, then we can say we are there in the mainstream. Personally, I heard about Bitcoin because of needs... I had to send money across borders and the only option I could use was Bitcoin because their was restriction to FX in my country. PayPal, Skrill, Neteller and others was not possible as there was no way to fund them. I was amazed when a friend introduced me to Bitcoin and I was able to settle a payment I had almost lost hope on. I have also seen a lot of companies integrate payment through Bitcoin and this make them record astronomical sales. For instance, many prop firms such as MyForexFunds and TheFundedTrader that integrate payment in Bitcoin are doing far better than those who rely on conventional payment systems. As a matter of fact, over two thousand people from my country are trading with these firms according to their data. Therefore I don't really target the old age range, I target young people, adults and at least those generations where the Internet existed when it was born.
No doubt, Bitcoin resonate more with younger people... this is expected anyways. The Internet generation will always love anything Internet related so it will be easier communicating with them in this regard. Nevertheless, I know a handful of elderly that have interest in Bitcoin... but it is not worth wasting time teacher the older generation about Bitcoin unless perhaps the aim is to suggest to them to buy Bitcoin for their heirs which is a wise counsel. |
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This indicator has been very good at showing buy signals, but this may not have a fast action. That is, it may be too early to buy now and there may be a price drop. But after that in the mid term we can expect further growth. I would not be in a hurry to buy now, but the signal is definitely positive.
I think I agree with you on this as captured in a thread I just made here . I gave two case scenarios: a drop to the $26k region and a rally from the zone it is. However, I am in favour of the later but not almost immediately as there is no fundamental yet to sustain a surge in price. |
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The market -be it stock, forex or cryptocurrency - does not move in vertical line; The movement is always impulse(upward or downward) followed by consolidation (compression or side-way movement). Market goes into consolidation to build up orders and the longer the consolidation, the more explosive the move will be. It is during the period of consolidation that patience, faith and greed are tested. It is during this time that people despair and give up. But should it be that way? Well, your guess is as good as mine... until you handle your emotion, the market will always defeat you. Looking at historic data for Bitcoin: -Consolidation from 10th of November 2022 to 4th of January, 2023 lead to impulse that move price from $16,326 to $23,375 -Consolidation from 22nd of January to 10th of March 2023 lead to impulse that move price from $19,568 to $28,478 -Consolidation from 18th of March to 13th of June, 2023 lead to impulse that move price from $24,750 to $30,700. As shown below, the consolidation have always lead to growth in the prize and this sequence is expected to continue.  At present, Bitcoin have been in consolidation from the 23rd of June,2023 till date, what do we expect? Two case scenarios are possible. Case 1A sharp drop in price to $26,000 region to test the lower major zone before the impulse move to the upside in line with the historic data  Case 2A rally from the major zone that have already been tested, the $29,000 region, and this will see the impulse move to the upside in line with the historic data.  My SuggestionFrom the forgoing, I am of the opinion that the consolidation will linger a little pending when we will see a major fundamental that will propel the impulse move. I do not see case 1 above happening as I am tilting in the direction of case 2. Furthermore, from the above historic data, Bitcoin will rise even though the "when" is not known, it will happen. If you are already in, do not panic especially if you have some form of faith in Bitcoin. Note: This not a financial advice but an opinion you might integrate into your planning if you find the information useful. Always do your due diligence. |
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There is no point that might be convincing to talk about diversification for anything else because here we only believe in BTC and nothing else, so our unanimous decision is only for BITCOIN. But know we're in the middle of Q3 where we've done a lot of buying periods and I hope you guys don't get tired of applying DCA throughout your target stages.
This is the right conclusion of this matter. Discussing other areas of investment here is totally irrelevant and the energy and time spent doing that is akin to a waste because we are entire here for Bitcoin. How come it took me this long to realize this conclusion!  These are the whales... the people that saw the future early. Inasmuch as this is so motivating, it makes me feel I have wasted a lot of opportunities not buying enough when I first heard about Bitcoin. Imagine I had started buying when I was in high school and had access to free money! That would have saved me the stress of working for somebody which is tiring. Then Bitcoin was even cheap and affordable for a student from a low income family. Well, it is not yet late... the future is truly bright. |
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Omo nawa ooo, this country e get as e be ooo, people nava recover from the first fuel price way be 520 naira and they increase it to 620 e nava do them just this morning it was announced that fuel should be sell on the rate 720 naira per litter, things are really going to be though in this country, maybe the only way for us to survive is to diversify our means of transportation by going for electric car or motorcycle just like a topic created on this thread on how electric car will help to remedy lack of movement caused by increase of fuel, this is actually the time for it.
The cost of living in this country is something else ooh Very soon the price will rise to 1000 per litter, and the annoying part of it is that the increase has greatly affected food stuffs, things we normally buy on a certain amount is no longer sell on that way. Even gas price has also increase, the question now is that how much more can Nigerians take?
The truth is that we don enter we don enter. As long as APC remain in power, we should not expect anything different. From 2015 till date, na so so bad news we hear... from one problem to the other. According to Vanguard, more people were killed in Nigeria during Buhari's eight years in office than in any other country where there was war. Now this one don come to kill the remaining Nigerians through hardship and suffering. I just pray people do not turn to massive crime as a quest to survive.... if that happens, anarchy is in sight. |
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Copy trading always end in tears! The market is so dynamic and require regular adjustments and fine-tuning of even profitable strategies. This is what computer programs do not do... they are fixated on the initial data and the result of this initial successes followed by disastrous failures.
The only people who make profit in the entire process of copy trading is the owner who never commit any money to the system.They enjoy the initial signup fees and are very fast in withdrawal the initial profits before the doom sets in.
I will advise anyone venturing into trading to learn and grow through the process...it is a skill that will pay you for the rest of your life.
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If government like make them listen to those Bureau De Change people wey said make them ban Binance that one na there problem because Binance has come to stay we go still dey use VPN run am thank God say transactions na anonymously, trust Nigerian youths now them know how to bypass anything, wetin consign Binance with naira depreciation and loss of value instead of those Bureau De Change operators to digitalize their operations using P2P make them enter competition with Binance they come dey talk rubbish, they no reason am when CBN announced floating of Dollar against Naira which cause naira to start falling because we are important dependent country.
I think if government ban Binance, they will be mandated to stop Nigerians from using their exchange. Unless you never used Nigerian documents to do your KYC, that is the only way you can use the exchange. Our hopes and prayer is that they should not ban Binance.... |
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My approach is basically telling people what Bitcoin is and how it can help them in their businesses and also the opportunities it present for people who want to prepare for the future. I do encourage them to start building their portfolio because I have the belief that Bitcoin will grow massively on the near future given the line up of events that support rise in price.
Of course, I will always advise them to do their due diligence nefore venturing into Bitcoin as that is necessary for all business activities.
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There are many services that are concerned with the issue of inheritance, even some of them are decentralized services such as Mixin Safe (Decentralized Multisig+MPC+Timelock solution) and all of them are basically based on the idea of Multisig and Timelock so from a technological point of view, you already have decentralized and centralized services (such as ledger recovery has a feature The presence of a third party or several parties that can access your currencies if something happens to you.)
This is more like it. Well, it seems there is no way around this without integrating latest technology. So far, your suggestion is great and I will think in that direction. Much appreciated. And even if you do not use these solutions, all you need is to trust the heirs and give them access to your key, or create a multi-signature wallet and leave some expectations in a subscriber's locker that they only have access to by more than 50% of their number.
Don't you think giving the heirs early might defeat the purpose? Besides, the heirs might not really have a need for it when one is still alive. I feel the best would be to adopt the multi-signature wallet. |
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For me there is no sign of truth or evidence of reality to which the body of the content is directly explaining, why because there are some individual who made their home a personal office does it mean that these sets of people aren't making great inputs to their lives?
No! Because lots of people do love working from home as a matter of fact there could be more productivity and improvement while at their basic entities because there is nothing to worry about.
Lemme draw a little attention to those who worked at office, most times they aren't that open due to some personal issues or wanting to be free some kinds of worries even though they are in their place of work their minds and thinking are still channelled to their problems making it too difficulty to be productive and to get a meaningful results.
But that notwithstanding, most times it all depends on individual mindset and orientation, anyone who is determined to progress in life would definitely make it without any barrier or having to choose the best place to seat and work from. Lets say, in a family of 4 why is it that either 1 or 2 persons are making progress whereby almost all are graduates does it mean that the persons aren't determined to make success? No it's just a matter of heart "Dearing to succeed", therefore productiveness comes from heart orientation personal desireness [ permit me to use this word "Desireness' if there's a word like that] hence I would say working from home or having an office from doesn't determined how resourceful a woman should be or maybe how resourceful a man should be.
Apparently, there are sets of lazy bunch of banana's who doesn't like to work and knees to successful in life, and these sets of people fall under the category of "lemme manage the work at hand while my dream job come fort" are the people who may make the job looks very stressful and not yield any meaningful results to the entire organization and company, and if I am the CEO of such organization the only options I had is to get them fired off and to get them replaced by people who are knees to make progress in the company and, or the organization.
I totally understand and agree with your submission. A lot of young people I know are entrepreneur and work from home. If these ones are unproductive, it means they will fail... but a lot of them succeed and even work harder and smarter than those going to the offices or sites of their employers. Those who are unproductive because they are working from home are lazy or never loved what they do. |
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Sure. No problem with the conclusion that increased sentiment is likely going to result in increases in buying actions and upwards BTC price pressures, even if we might not see it so much in BTC's price performance data at this particular time.
The is all I am saying. Many of them may not be buying Bitcoin at the moment but just knowing about Bitcoin is good for the future. I actually know a handful of them who do but then, they are not whales and are low income earner like me. I have Bitcoin but the quantity is insignificant when it comes to moving the price. |
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Before the invention of Bitcoin, people traded online currency pairs, stocks, and gold. Although, after the invention of Bitcoin, other digital currencies came in also, leading to the creation of cryptocurrency. Since the inception of crypto trading, there has been a significant rise in those who are into forex trading and even some forex brokers accept bitcoin as a payment method.
question
I would like to know how else Bitcoin has affected forex trading and what the growth of forex trading would have been like if Bitcoin had never existed
Well, Bitcoin actually made many people to be able to trade forex. You remember that it was very difficult funding forex account with Naira debit cards as there have been restriction on FX by our government. Paypal which would have also been another option is also restricted in Nigeria. Fortunately, Bitcoin came to the rescue as alot of Nigerians are now able to pay for prop firms such as MyForexFund , TheFundedTrade and others. More Nigerians actually got into these firms because of Bitcoin else Otilo o |
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Well, you say popularity, but I am not even sure if it would be very accurate to describe bitcoin as popular, even if it might be "popular" within some segments of society, and even if it seems to get quite a bit of press in recent times in light of it still being a baby in terms of the level of adoption.
Sure, we have some BIG players who hold a lot of bitcoin, but still overall, I doubt that there is any convincing evidence that bitcoin is experiencing overall adoption levels of greater than 1% of the world's population having exposure to it.. and at the same time, if we consider companies, there are some BIG players talking BIGGEDly about bitcoin, but their ongoing "BiG" talk on the topic does not really seem to reflect in bitcoin's numbers - including but not limited to price... so it seems very questionable in regards to how much actual bitcoin that some of the BIG talkers have.. whether Blackrock and various persons and institutions associated with that and maybe some of the other BIG players who likely do not even have very much exposure to directly owning bitcoin, otherwise it seems that the BTC prices should be reflecting those kinds of acquisition dynamics... so anyhow, my point is to question the use of the term to describe bitcoin as "popular."
I don't know about your end but from my end, Bitcoin is enjoying the greatest popularity ever... it is talk about in schools, markets, and different gatherings within my neighborhood. Social media platforms is no exception to this because Bitcoin have remained consistent as a trending topic in my Twitter day in day out especially as we entered the second half of the year. I can assure you that Bitcoin awareness have gone deeper than you can imagine even among the unbanked population. Lest I forget, Bitcoin dominated the discussion of a Human Resources Manager Town Hall Meeting of the company where I work; they were deliberating on alternative source of income for the staff to augment the salary that they refused to increased amidst daunting economic challenges. I intend to make a thread for this to seek the inputs from other members of the forum as I was given a role to play in this regard. So, even though it is looking like Bitcoin is popular among the believers, it has made its way into the hearts of many and with time, a lot of people will adopt Bitcoin given the beauty and promises it holds. Yes, bitcoin has been and is becoming more popular than in previous years. In my country, it is mentioned everywhere as you say, from schools, and offices to every corner of the market. But the problem is people just know about it and discuss it as a high return investment or can make people rich. There are very few people mentioning other features or benefits of bitcoin as a decentralized currency or helping us to control our own assets and get rid of the control of the bank...So to say that bitcoin is gaining in popularity is neither entirely true nor entirely false. This is where you and I that know more will come in... we can help in expanding the knowledge starting from our immediate families, friends and associates. It requires a concerted effort and I feel one way of demonstrating love to humanity is by teaching them about Bitcoin, which undoubtedly, is the future. ...So to say that bitcoin is gaining in popularity is neither entirely true nor entirely false.
There is a saying that "bad publicity is better than no publicity". I am not saying that there is bad publicity for Bitcoin rather I am saying that even though many people, like you said, just know about Bitcoin without knowing how it can be beneficial to them outside seeing it as investment opportunity, such awareness a lone is good for Bitcoin. Imagine how excited they will become knowing that beyond the returns on investment aspect of Bitcoin, there is so much more they can do with it. Imagine how relieved many of them will be knowing that they can save a fortune for their children by just buying and keeping Bitcoin for them instead of real estate that would have become obsolete before the children even grow up? |
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but I still think that bitcoin is a way better investment than property in the coming 10 years..
I completely agree with you that Bitcoin is better and more profitable. Bitcoin have been around for less than two decades and have experienced astronomical growth in value. With the events lined up for Bitcoin and the popularity it is enjoying, we will see huge and rapid growth in Bitcoin in the new future. Well, you say popularity, but I am not even sure if it would be very accurate to describe bitcoin as popular, even if it might be "popular" within some segments of society, and even if it seems to get quite a bit of press in recent times in light of it still being a baby in terms of the level of adoption. Sure, we have some BIG players who hold a lot of bitcoin, but still overall, I doubt that there is any convincing evidence that bitcoin is experiencing overall adoption levels of greater than 1% of the world's population having exposure to it.. and at the same time, if we consider companies, there are some BIG players talking BIGGEDly about bitcoin, but their ongoing "BiG" talk on the topic does not really seem to reflect in bitcoin's numbers - including but not limited to price... so it seems very questionable in regards to how much actual bitcoin that some of the BIG talkers have.. whether Blackrock and various persons and institutions associated with that and maybe some of the other BIG players who likely do not even have very much exposure to directly owning bitcoin, otherwise it seems that the BTC prices should be reflecting those kinds of acquisition dynamics... so anyhow, my point is to question the use of the term to describe bitcoin as "popular." I don't know about your end but from my end, Bitcoin is enjoying the greatest popularity ever... it is talk about in schools, markets, and different gatherings within my neighborhood. Social media platforms is no exception to this because Bitcoin have remained consistent as a trending topic in my Twitter day in day out especially as we entered the second half of the year. I can assure you that Bitcoin awareness have gone deeper than you can imagine even among the unbanked population. Lest I forget, Bitcoin dominated the discussion of a Human Resources Manager Town Hall Meeting of the company where I work; they were deliberating on alternative source of income for the staff to augment the salary that they refused to increased amidst daunting economic challenges. I intend to make a thread for this to seek the inputs from other members of the forum as I was given a role to play in this regard. So, even though it is looking like Bitcoin is popular among the believers, it has made its way into the hearts of many and with time, a lot of people will adopt Bitcoin given the beauty and promises it holds. |
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According to "contacts" from inside BlackRock and Invesco spot Bitcoin ETF approval a matter of "when, not if" likely in "four to six months - Galaxy CEO Mike Novogratz on earnings call this morning. Source  My thoughts are that the SEC will play the same BS game with the Spot ETFs that they played with the first round of derivative ETFs:
1. The first or two spot ETFs will get shot down for some BS reason. Complete head fake in the price, as per usual.  2. Then the first of the spot ETFs will get approved in December of this year, and/or as we round the corner into the first of next year. 3. All of them will get approval before the halving (Gee, what a shocker.  ) 4. Bitcoin price will start to take off pre-halving. 5. The derivatives market may flash crash in 2024. Some completely bullshit, "The-sky-is-falling-and-Bitcoin-is-the-hedge-play" narrative will get spun up in the MSM to support all this. As per usual. Bullshit step 1 complete: https://www.cnbc.com/2023/08/11/sec-delays-decision-on-bitcoin-etf-from-cathie-woods-ark-invest.htmlSolid fundamental filled with so much optimism. I expect bullish market but I never thought it would be this fascinating? If this happens as planned, that could maybe point us to the people controlling the market. I will save this link and monitor it to the later. |
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Abeg make we no call d economy situation on ground inflation.
Wetin me I know na hardship
My brother the situation of the country is becoming terrible everyday. A lot of people are going through a lot, the worst part being that there is no hope in sight. The removal of fuel subsidy was a very wrong move for a government that just resumed power... they would have done extensive studies of the impact and plan on how to caution the effect. Abeg make we no call d economy situation on ground inflation.
Wetin me I know na hardship
Indeed the situation is hardship.... depression is getting serious o. I just pray this does not get to civil unrest. I know Nigerians are very resilient people but this one seems to be stretching them beyond the endurance limit. Starting this hardship again after surviving 8 years of Buhari torture of a government is not something I find funny. |
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The recent accusation by US Ambassador Reuben E. Brigety that South Africa sent arms to Russia is making investors sell off the South African rand and bonds. Investors are scared that the US and its allies will hit the country with severe economic sanctions. The rand has lost value since the news was published, the currency is now 19.3250 against the dollar, its weakest in three years. If it is confirmed that South Africa sent weapons and ammunition to Russia, the country will suffer economic problems because of sanctions. It will also be a big blow to the African economy because South Africa is the economic powerhouse of Africa. Many South African countries like Zimbabwe, Botswana Mozambique, Namibia, Eswatini, etc, depend on South Africa economically. South Africa also employs a greater number of Africans because they have many striving multinational firms. As an African, I pray this accusation is not true because a sanction on South Africa is a sanction on the entire Africa. If you remember that South Africa is a member of BRICS nation, then such news will not be a surprise to you. Part of the reasons for joining bodies like BRICS, NATO, AU, ECOWAS and what have you is primarily to support member states in terms of trade, information and material sharing and other areas. Therefore, it should not be strange if this news is true... maybe people will just become political about it because when NATO member states share resources, it does not cause much problems. Anyone paying attention would have notice that the world is heading towards two dominant powers: "Army of the East and Army of the West". As a matter of fact, nations are already aligning to reflect this realities. All the proxy wars happening here and there is between both powers: from Syria to Ukraine, Sudan and Niger (in the pipeline). I believe South African government already know a day like this will come and should be prepared for the consequences. Indeed, the future of humanity is looking bleak everyday and I wonder when the world will ever be peaceful again. |
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