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It is certain that Bitcoin price would definitely get higher than our expectations and calculations but I strongly believe it would gradually do so. While I said so is because as time goes on the world would definitely get to know about Bitcoin whereby more than %50 of world population holds a little fraction of it added to the demand and pressure on Bitcoin. When that happens, there would be much higher demand for Bitcoin but as it stands now, what Bitcoin needs more is creating awareness about it globally because the world is yet to get familiar with it. This little awareness done will go along way in getting more people onboard the system. This will also create more liquidity and also improve the market there by making higher trading volume. Also, as we may know, Bitcoin has strong value that is why it was tagged digital gold as a result of it's emergence as the first digital currency in the world. So your speculated price is not a barrier in any ways. It is achievable as we collectively do our job as pro Bitcoin enthusiast.
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Well no one can tell. Although he might be a Crypto Enthusiast and would want to make sure Crypto succeed in the UK and we pray it happens that way perfectly well. Come to talk of it, he is a lover of technology and would definitely want the system to be technologically inclined but winning the hearts of the parliamentarians to his side is the major target if he must be successful in achieving this. At such, he would need them to approve such bill if the motion is passed. As a youngest serving prime minister in the history of the UK, I believe he would have much task in making a difference as he has been chosen to take the lead by the people who deemed him fit for the job. Taking the economy of UK to the next phase is amongst the expectations of his people do therefore, he has been bestowed with the responsibility of taking up such task and currently, the world is going through economic crises which I believe is one of his major goal seeking solution to.
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There's nothing to loose there as both parties have every tendencies to win as it is a win win game. Come to talk of it, we are talking of an asset in Bitcoin with an estimated value of over $200 million here. Giving the government %25 of the asset as an offer is something worth it. However, this would go along way helping the government if it scales through. This is not a small project either as it requires more workforce because the dumpsite would be excavated as it is almost a decade since the hard disk was thrown there. I believe why the delay because lots of things needs to be put into consideration before embarking on the project as it is not an easy task. Another factor we need to look into is the health of the citizens who live close to the dumpsite. Excavating such site is more or less giving room for insects and pest invasion which will be of big detriment to the people living there so therefore weighing bot options, both parties needs to come to a term before embarking upon such task.
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Congratulations Man or your first purchase. I can see the Joy you have and in sharing your first experience. I know there are many of your type out there doing the same for the first time in their life. The experience is always fresh in the memory as it was the first time you ever did such a thing. I remember my first time of Bitcoin purchase that was years back. I initially was afraid so as not to fall victim or prey to scammers. I waited and waited sourcing for genuine site for purchase of Bitcoin until a friend whom I met long ago who was into Bitcoin and I had no idea. I told him about my discovery of Bitcoin and I am interested in it and I want to buy it he smiled at me and told me more about it there I realized he has been onboard the system for a long time. I trusted him so I gave him the money to purchase it which he did and transferred to my own private wallet. As at then I was so excited because it was my first time of purchasing Bitcoin as an enthusiast in the blockchain. I so much cherish that moment as it is still fresh in my memory. Currently now, anyone buying Bitcoin should be lucky and should find him or herself in a better position as the price is still down for a good purchase.
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As a smart investor you are, you should know what to do at this very season. The right time to buy more is now. When market is down, smart and wise investors fill their bags taking all necessary possible position to go for the future ahead while waiting for the next bull run. Meanwhile traders on daily basis take out profits on their own benefit. If I may say, the opportunity you are talking should be in the right direction of market bullrun. This i would say, Bitcoin has been testing resistance and also forming a strong price base for the next bullrun. That I know for sure we will definitely see and this time around, a new all time high would be successfully achieved and recorded. For the new price base, the new all time high will last for a long time before we experience or encounter any bear market again.
Well your decision is right in front of you to make while it is currently bear market make good use of this opportunity to bag more and wait for the next all time high.
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Username: cryptsafe
Gender: Male
Country and state of resident: Nigeria/Port Harcourt
Skills: Signature, Bounty management, Community management, Agro Allied consultant, Agriculture Extensionist/ Management. Security manager/ consultant
My country people i salute una. Una Weldon for the workshop o! Na so so hail i dey hail una. oga @brainboss you too much beta gbosa for you as you dey lead the ship sail. Make beta yanfu yanfu for you scatter. As we dey hustle make Oluwa bless our daily bread yanfu yanfu. One Love to you all
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How on Earth do you want Bitcoin to be a stable Coin. Sorry to say this, Bitcoin is a blockchain and therefore stands to get all benefit of a coin and not a token so you can see it yourself. It is near impossible to make Bitcoin a stable Coin as it was not built or financed on ICO or IDO neither was the founders identity known. Making Bitcoin stable can not hold any ground because it has no control or under anybody or government control. It is better it remains so as to allow for growth because I strongly believe Bitcoin will definitely grow much more than it's current price as it is going through a phase of by which it is building a strong price base and support. Come to talk of it, do you not know making it stable might likely cause a panic in market and scare away investors already holding giving them a Sense of loosing their investment. This would call for massive dump and I know and believe you would not like it so because nobody would want to buy it again. The major reason Bitcoin is so because it is not under any government control which is the sole reason Bitcoin was invented by Satoshi Nakamoto.
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It is never too late to invest in Bitcoin. This is the very right time to do so as it is still low. However, there is indications of possible near end of bear market soonest which real is unpredictable currently. Though for sometimes now the price has been stable and trying to breakthrough but meeting resistance. But of lately there has been a steady increase or pump if you may like in Bitcoin price. There has not been much verified channel attributed to this sudden rise or increase in Bitcoin price but there has been indications of possible increase in the nearest future. As a wise and smart investor it is nice one holds his or her position very firmly so as not to be taken unawares. Time to fill your bags while waiting. Do your own research.
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Seems the bear market is likely going soonest. Congratulations in advance to those who bought low and those hodling for a long time. There is likely going to be a new all time high to be achieved before this year comes to an end. If you can, fill up your bag but do your own research.
What do you all think about the sudden bounce back and price increase on Bitcoin of lately?
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The fact does not change in the sense that we are in 2022. 2024/2025 is way too far for buying or investing in Crypto. That research seems to be lacking or the correspondences seems to be lacking insight into the blockchain and Bitcoin to be precise. How can one say they would not to invest or get serious about an innovation that is currently trending globally and itself is an economy on its own which is booming and has changed lives all round the globe. Such a response coming from such a well placed person sounds funny though or probably,they did not conduct any research.
As the OP has stated, this is truly time to hold Bitcoin in the sense that one needs to nag more as it is currently down as there are indications of a possible bull market approaching soonest. So if anyone deems it alright and you are good to that, you can go for it. I am not a financial advisor not a financial expert so you will have to do your own research properly before going into it.
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There's no market that is not important. Both bear and bull run are quite interesting for the blockchain/ Crypto industry and holders. As we all know, bear market are major down trends are as a smart trader it is expected that it is the time for filling up of bags for the next bull season. I personally have come to learn alot from the bear market as it has thought me a whole lot of lessons on perseverance and consistency. I learnt to be patient in trading and investing. I learnt to do proper research before engaging in anything for fact finding and authenticity . This have guided me through my time as a blockchain Enthusiast.
So therefore, neither bull nor bear market is important than each other. The both works hand in hand for a smooth scaling. Remember the bear market comes before the bull so it invariably means that both depends on each other for a successful season. As a Crypto investor you know what is obtainable in the system so nobody should tell you what to do when it's time.
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For Satoshi Nakamoto to have sat down to create Bitcoin, he must have pundered over happenings in the world. How to solve economic crises, how to create wealth, how to save the stress of joining the cue and waiting for your turn to make payment, high and outrageous charges from Third parties, fast scalability, easy access to your savings, portable movement with your assets, unnecessary taxation by government and other agencies, to stop the monetoring of ones assets, all these put together I strongly believe made Satoshi to come up with the Bitcoin innovation which led to blockchain Genesis with Bitcoin as the first digital currency to be developed.
Bitcoin has solved a whole lots of problem. It had made many millionaires upon it's inception, early adopters are very fortunate to have had early access to Bitcoin then and it alleviated most of them from poverty and making them millionaires. Not only that, in terms of payment for goods and services, it helps saves stress of going to the bank to get the fiat while with your digital assets in your phone, you could make payment very fast and easy without stress. Never the less, exhorbitant charges by third parties is drastically reduced when making payments from your own wallet directly and it's scalability is faster compared to the traditional way of payment
With these few points if mine I believe you can get more clues on problems Bitcoin solves.
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Crypto currency has been very consistent for years now and still yet has no much awareness. Crypto education is quite alright and very much good for proper understanding and clarity on how it works but work needs to be done in creating awareness so people would be much more aware of it's existence and how it works. When called to their awareness, then they would be willing to learn about it instantly without any much stress. Curricular activities can be set up in the universities for Crypto currency just like OP has mentioned that there are universities around the world that has already set up curricular/courses dedicated to crypto currency education in their various universities. This would go along way making the people more interested in it and increasing more adoption of Bitcoin globally. When the people gets educated in schools about Bitcoin and Crypto currency, they will go about educating others and this would lead to a wide and fast spread of Crypto because information is passive and dynamic. So therefore, it is expected that such information goes viral after being circulated through awareness and education in a classroom settings. This way, we can be rest assured that the message about Crypto and Bitcoin would definitely reach to the nook and crannies of all part of the world.
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I have never had such experience onchain neither have I had a Bitcoin failed or double charged transaction. Blockchain chain is quite different from the banking system whereby failed transactions or double charged transaction are recorded. I believe you were trying to make I payment via the bank and there was no likely a poor connection when it took place hence the double charged deduction was recorded. It happens so often on the Normal fiat transactions as such is a norm and not new in the system but nevertheless, blockchain is not so. Bitcoin is not so was a transaction is sent, I goes through there by creating transaction harsh onchain which serves as a ledger for such transaction and it is recorded for life. It contains the source, sender and receiver address and also note that once a transaction is sent via a private wallet, it goes through but sending from an exchange, it requires you to verify the wallet address and with your approval before it could be sent to the destination where you want it to go to. In the overall, I have not Bitcoin double charged as I do not buy or pay through financial organization but rather exchanges where Iit could be very easier for me to transact without any form of stress just like the financial institution.
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I can confidently, comfortably, conveniently and boldly say yes to you question. You would agree with me that Crypto is blockchain and you will also believe and agree that Blockchain has created a platform for itself, it is now an industry very much bigger in revenue and amongst the first ten economy in the digital world. I must say Crypto has created more job opportunities than most government institution all over the world. One can remote in without going no where, one can transact without going no where one can do things at their convenient without going no where. There are lots of jobs Crypto has created. It has set the pace for more digital jobs, finance, economy and is going as far as digitalizing more activities. With the comfort Crypto jobs gives, one can easily give in for the jobs and come to talk of it, Crypto has create many jobs such as; website designing, graphics designing, moderator jobs, community manager, programming etc. There are lots too many to mention. All of them are accredited to blockchain which Crypto can not be exempted.
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Exchanges are still very much important. They are as good as their name implies. Exchange evolved as a result to bridge the gap between buyers and sellers. In my opinion, I think exchanges was majorly opened as a result of the increasing scam activities in the crypto industry. Not only that, government wants to keep track of holders of cryptocurrencies and know what they are doing with it in terms of transaction and money movement. As a result of the international money laundry act exchanges had no choice than to comply with the existing laws so as to be on the safer side. Also, it has aided in many ways to run ICO, IDOs, for crypto and blockchain projects which has paved ways for successful projects currently running on the blockchain space. With exchanges, your fund is guaranteed to be safe and secured as your assets are saved in the hands of a third party which in the reality they are equivalent to the bank where money and other valuables are saved and safe.
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No one on Earth knows when their time in Earth would be over. So while you are still alive breathing, you should be able to do the right thing in the sense that as a Crypto Enthusiast, you will have to let your next of kin know more about what you are into. Your heir should be able to access your private keys when you are no more so that they can also enjoy the fruits of your labor. It would be very sad that you accumulated massive wealth onchain as a result of your investment in project at their early stage and gradually, those projects turns out to be a mega projects and you had no idea and your next kin by privy of information guy to know you had such investment, they should be able to make a good earns with it to remedy what ever situation they are in so as to cushion their current predicament. If you know it would cause issues amongst your children, you make a Will and instruct your lawyer on what to do when you are no more there. I is as simple as that.
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I myself personally have done a lot in teaching people. Not just people I have also taught my family members down to school friends then. I have been practicalistic not just theoritical. I have took part in many little gathering of Bitcoin class enlightenment. I took part in seminar and conference talking about Bitcoin. I have made reference for people to hook up programs, seminar, YouTube channels very educating and self explanatory to newbies coming onboard the blockchain industry. Most times when I unveil newbies, I do it practical for them to see how it works. I open wallet, I show them what it looks like and how it looks like, I do transfer from one wallet to another, I show them transaction harsh as the recorded ledger on the chain for them to know how it works. I do and try my possible best to making sure they understand how blockchain and Bitcoin works. I go as far as telling them about exchange being a third party and how they operate. I give them instances and also do a practical trading for them to see so as to know how to buy and sell, do withdrawal to their private wallet likewise transferring from their private wallet to exchange wallet too.
In as much I do get them onboard the Bitcoin and blockchain platform I do my best to teach them all they need to know about how it works but I do not give them investment advise as I am not an economist neither am I a financial expert to do so. I have witnessed a situation where a newbie that was onboard the system accused the person who brought him onboard of giving him wrong financial and investment advise which led to his loss.
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Binance setting a loan for Miners is not bad. Of lately, it has been bear market and Price of Bitcoin is on the decline which has affected the Miners and investors. This loan would help them get back on their feet to continue the mining and also cushion the adverse effect they already have.
Never the less, $500 million sounds enticing but this is a bear market and we all know making profit as a miner is very miniut and there's no assurance or possibility of recovering the loan within the stipulated time interval as stated by binance. What I think and suggest binance does is to extend the repayment time for the loan so that Miners can confidently go for the loan without any fear as they would have time for repayment and also be able to manage the available resources they have gotten.
No doubt this loan would help them go along way in getting more equipments needed by them and for those already packed up as a result of lacking in one way or the other, they too can be able to have access to the loan for a restart with more sophisticated equipment which will aid boasten their mining capacity and setting them for more profit when it is bull market. So I urge every miner wanting more equipments for their mining activities to make use of this opportunity binance has made available.
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