Amidst the heavy taxation on cryptocurrency, the acceptance of cryptocurrencies have been increasing all around. A fine example for the same is the acceptance of cryptocurrencies by this street chai (tea) Shop accepting cryptocurrency. This is located in Bangalore which is one among the IT City of India. Hope this creates awareness and increase of usage among Indians. This is good though. I'm just wondering how the people would do about it when the India government has a strong and stringent policy on Crypto currency adoption. Come to talk of it, the market is not as favourable in terms of volatility how does he expects investors to transact. I believe most people bought high and do you think it would be possible using an investment to do such at bear market while you have a bull market in mind and lastly, I think this is a problem of enlightenment which should be given a proper review. |
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So I just stumbled across this post from Greg Maxwell on Reddit: https://www.reddit.com/r/Bitcoin/comments/ws8wfd/starting_september_12th_in_oslo_norway_hodlonaut/ikxqxoo/. Everyone with even a passing interest in bitcoin (which includes you, if you are reading this forum) should read this post. In fact, I would read the whole thread, because Greg has made a number of excellent posts. Next month a pseudonymous individual by the handle of Hodlonaut will go to court in Norway to defend himself against known fraudster CSW. For anyone out of the loop, here is an update on the case: https://bitcoinmagazine.com/culture/timeline-of-hodlonaut-craig-wright-case. The very abridged version is that Holdonaut posted on Twitter what everyone knows - that CSW is not Satoshi - and now there is a court case to determine whether these tweets are lawful and whether Hodlonaut has to pay damages to CSW. This case doesn't just affect Hodlonaut; it affects all of us. Hodlonaut is not just defending himself; he is defending us all, as explained in Greg's post I linked to above. So what can we do to help? Well, CSW is being bankrolled by Calvin Ayre and CoinGeek. Hodlonaut, on the other hand, is being bankrolled by nobody. Got some spare sats kicking around? I can think of no worthier cause than the defense of bitcoin itself. https://www.defendingbtc.com/https://nitter.it/defendingBTC#WeAreAllHodlonaut Hodling is part of the game. You want more profit you need to hodle. The more you hodle the more valuable it becomes. Hodlers are high earners. |
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After started my noddles DEPOT on January 2021, I started by accepting cash payment, mobile banking transfer and a POS marching so that customers could make payments just with their debit/credit card without having to carry cash about. my customers seem not to be satisfied with these Three payment method, they always have few complain like; 1: oh! I forgot my debit card at home 2: oops!! I don't have enough cash to make full payment 3: ah!! my bank network is not connecting, I can't make transfer. the problems I have had with this payment method are:1: receiving late payment as a result of banking network. 2: when customers pay with their Debit card using my POS marching, they get debited and I end up not receiving credit alart unless I go and lounge a complain in the bank for reversal. 3: some times I mistakenly take counterfeit cash 4: I got harassed by some street thief's following the ideaology of a Nigerian brother in this forum, I have made up my mind to be more practical as a Bitcoin believer. I decided to accept crypto as another means of payment in my noddles DEPOT. According to WINA (World Instant Noodles Association), Nigeria is ranked 12th largest consumer of instant noodles in the world with estimated annual demand of 1.79billion packets of noodles. Reports also put the number of Nigerians that consume noodles at 14million which is nearly 10% of population of Nigeria. I placed a Notice outside my shop front stating "We are now accepting Bitcoin for payment". first week of placing this notice was like no result achieved, most customers keep asking how I think this kind of idea would work and I said to them, nothing is impossible. lot of customers were also curious 🤨🧐 to pay in Bitcoin/crypto currency instead of carrying cash about. 3 weeks later, I received the first payment from 5 customers in Bitcoin, BUSD, USDT and BNB, transaction was fast and secure and my customers were happy 😁 as I was too. Those who wants to buy noodles and pay in Bitcoin, BUSD, USDT or BNB are welcome, transaction is so fast and secure with only little transaction fee. I am open 24/7 to receive your order, you can send DM and your order will be delivered. I hope this is a good step I took?     https://www.google.com/url?sa=t&source=web&rct=j&url=https://businessday.ng/amp/retail/article/income-time-drive-consumption-instant-noodles/&ved=2ahUKEwj_3YzQod35AhW6X_EDHY8jCNcQFnoECAQQBQ&usg=AOvVaw2jrFWG6zRhfM6Cr8Z33mbuThis is a welcome development. As you can see, it all takes a bold step to actualizing this goal. If we have a thousand of your kind taking this step towards making or accepting Bitcoin as a legal tender then there would be a fast and rapid adoption of Bitcoin in the society and world at large. |
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12 years ago mined 50 Bitcoin just moved from address 18eXJskHRVvKrqmxD9T6K6UQ6GBC6ya2WS to 1Jr5UBqpQL63BwMgChK653q6pCrwrKVkzg (49.49999994 BTC) and 35tostxpUGa3NAzuuWMUjPF7jJacZ2FzGS (0.5 BTC) and used 0.000011 BTC fees. The transaction includes 2 dust inputs (0.00000547 BTC each, sent in 2020 and 2021), whoever sent them to this address and maybe thought that they won't move  Bitcoin address: 18eXJskHRVvKrqmxD9T6K6UQ6GBC6ya2WS mined: Jul 12, 2010 5:15 PM UTC - Coinbase Block id 65,974 txid: e791dd210ff6cfff912d6b1c6f4194df6ef79485580a01335b8e4840a5cf1940 moved after 12 years: Aug 22, 2022 1:31 PM UTC txid: 4b18f0224cf7607d962e6b1e40b07128c8aca0daa7ede146787a1aca9cdac4bd Valued 0.50 USD at the time of mining, more than 3 million USD last year and ~1 million USD now ... congratulations to the owner! btw. it wasn't me Sleeping wallets now beginning to activate. This goes to show how patient one could be to get more value to an asset. The owner of that wallet did just well. Congratulations to whom ever own that wallet. Patience is a virtue. |
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As the gap for Bitcoin adoption in the African Largest country Nigeria 🇳🇬 and also referred to as, Giant of Africa Nigeria get widening. Nigeria is among highest country in cryptocurrency trading volume, Next to countries like the United States 🇺🇸. Even though the government have not made a public announcement of cryptocurrency adoption. A large number of Nigeria 🇳🇬 citizens are now aware of the fact that Bitcoin proffered best solution as an alternative currency. PHCN the body responsible for energy control and collection of power revenue Bills and Pre-paid customers, have adopted Bitcoin and other cryptocurrencies for payment of energy consumption in Nigeria.  More reading and source: https://thecryptobasic.com/2022/08/10/nigerians-can-now-pay-their-utility-bills-with-bitcoin/If this you have said is genuine to go by then that's a welcomed development as others would follow suit. Though Nigerian government I have heard of has not really made any comment in respect to sanctioning Crypto currency but rather kept mute over it for long now but however, I heard the Nigerian national assembly I on the verge of passing a bill in respect to that and I pray it scales through for them. Though there are many Nigerians in the blockchain industry and are really ready to take this course serious in sensitizing their fellow Nigerians and mostly the government and law makers on the benefits of blockchain adoption and integration into the system. I pray this works out fast and good for Nigerians. |
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I was reading a post where financial professionals discussed their views on bitcoin. how it influences both people and the government's desire to impose regulations on them. Some people, however, supported its existence and the issue it resolves, while others continue to believe there are reasons why it is not advisable to invest in cryptocurrencies as a whole. Such criticism has always existed as bitcoin and other cryptocurrencies continue to expand, among others. What really impressed me about the post was the comment section, where readers shared their experiences utilizing bitcoin. One of the commenter named Paul Krebs described how he lost his bitcoin to a bogus blockchain.com imposter on Facebook, where they contacted him as blockchain official support. They gained access to his blockchain wallet, and 7.0938 BTC were taken. However, he claimed that the bitcoin was returned after he emailed a recovery expert with contact address - BLACKJOCKER10x @ PROTONMAIL COM. Different professionals who aid in retrieving stolen bitcoin were suggested by other commenters. This post explains how cryptocurrency newbies like me, who are also interested in learning more about bitcoin and other cryptocurrencies can receive assistance from professionals who can aid in retrieving monies that have been taken from their wallets. And how to spot bogus blockchain official supporters when they are dressed as one. We have experts in the forum who can shed more light on this as well as how genuine those commenters were and determine if their testimonies were not fake. By contacting such experts, people won't be persuaded to fall victim to another scam. This is a good topic for discussion. Unlike traditional fiat money which can be tracked, traced and recovered upon report of theft or laundry but I still have to be clear with OP are you sure it isn't an exchange the Bitcoin you are talking about was recovered because I am very much sure that once their is migration or movement of coin from a private wallet out to another private wallet which you have no access to and you do not know the owner of the wallet may be the wallet was hacked, we all know that fund is gone and gone forever unless it is tracked to a third-party wallet eg exchange and immediately reported then the exchange can take it up from there by freezing that account and not allowing any movement on and from that wallet if there is a substantial evidence or proof of theft or hack. I strongly believe OP understand what I am saying. Due to the sophisticated blockchain technology, it is very hard to be able to trace or track a stolen fund onchain unless if the details of the hacker is exposed or know di as to recover the funds. Now I ask the big hacks that have been going on for long have anyone been apprehended to be a prime suspect with verifiable fact or proof? |
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After reading so many topics that discuss who satoshi could be and why he would leave bitcoin from one day to another it made me think: What is he doing these days? It is really unlikely that he never ever came back to the forum again, just to read and look at the progress. Also it seems likely that he had at least one alt account that may even be sill active.
Very funny question though but what he might be doing now is not what we should be bothering ourselves for neither should we be curious about it the simple truth is that he has done some of great impact in the world. His innovation has attained a great feat in the world and there is nothing anybody can do about it. His invention can never be surpassed by any technology till this world is over. To talk of his appearance here, you just can not tell who is who here. His safety is Paramount and second to none so therefore you don't expect him to start showing up for no just reason. |
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One billion people is a lot of users, especially when it comes to digital assets and cryptocurrencies. That's why the Boston Consulting Group (BCG), Bitget, and Foresight Ventures conducted a study to research the current status of cryptocurrency adoption. They discovered that while crypto adoption is still in its early days, the trend is pointing toward one billion users by 2030. According to the research, currently, only 0.3% of the total individual wealth is distributed in the form of digital assets. In comparison, 25% of people’s funds are allocated to equities such as shares of private companies. This stat highlights how undervalued cryptocurrencies still are. With more awareness and education, we believe that the number of cryptocurrency users will only continue to grow in the coming years. If the current trend of cryptocurrency adoption continues, it is not unreasonable to think that the number of users will indeed reach one billion in the next 10 to 20 years. After all, the total number of users has more than doubled in the first six months of 2021 alone. This is a testament to the growing popularity of cryptocurrencies and the increasing awareness of their potential. There are many factors that will contribute to the growth of the cryptocurrency user base in the coming years. For one, more and more businesses are beginning to accept cryptocurrencies as a form of payment. This is making it easier for people to use cryptocurrencies in their everyday lives. In addition, as awareness of cryptocurrencies increases, more people are likely to invest in them. Check out our newsletter at https://ambire-newsletter.beehiiv.com/OP didn't really specify particularly rather mentioning Crypto alone wasn't clear but it would have been better OP mentioned Bitcoin to be elaborate. Now looking at the rate of adoption, it can be said that gradually, Crypto and Bitcoin to be precise is gaining adoption globally. People are beginning to by the idea of Crypto. My opinion I that why there is delay in the Crypto adoption is the fact that most nations are anti Bitcoin so therefore most individuals see it as a big risk getting involved in it and if been caught up by their government, they would be made to face the law while some are skeptical of the Bitcoin development and still speculating around and waiting for the time of their assumption to be properly met so as to adopt it. But in all, it strongly believe with the gradual unfolding events going on within and around the blockchain, 2 billion Crypto holders would be achieved before 2030. |
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Metaphor of Bitcoin: Radio Frequency 93.1 Bitcoin Seminar July 23, 2022 Ignorant People are still falling for bitcoin seminars in the rural and some major cities in the world. I was listening to 93.1 Radio Station in my locality. And a programme pop up titled, "Metaphor of Bitcoin". Which the presenter and the sponsor of the programme were try to explain the Metaphor of Bitcoin and I was provoked, they provided a phone number for the interested people to send text. What the sponsor said that made me provoked was, he said, Metaphor of Bitcoin is an Investment Platform (wallet) whereby bitcoiners can used to make money. It is a decentralized system in which nobody can control another person coin (s) even the developer of the software. It also uses per to per (p2p) system. And the presenter was asked to explain the p2p system to the listeners and sponsor said, "it is just like meeting whereby members among themselves give money to the person that is due to collect". Later he put it in this way. It is a contribution of money among people. Although to some extend he was correct but I called the number which was provided and explained p2p to them in detail. Peer to peer means, it is the direct exchange of goods and services (asset) among users of digital currencies without the interference of the national authorities. I recorded part of the programme, I would have uploaded it but this forum doesn't accept audio. So I used another website to upload the audio. See link to the audio http://sndup.net/gchbFinally. Then I thought to myself. The Knowledge getting from Bitcointalk is enough for me. They can't deceived anymore. I have learned and known. See
My First Encounter/Experience With Crypto-Currency (Bitcoin) 2015 You did a good job OP. Just imagine how many thousands of listeners have been misinformed and decived by the so called " metaphor of Bitcoin" host and resource person without any prior knowledge of what they want to speak on publicly. As a result of such ignorance, people take advantage of situations and get away with it. I believe OP corrected some errors and blunders already committed by the presenters and also listeners at that moment would be very much enlightened from your explanations. With my level of understanding and experience on blockchain, I don't think I can fall prey to any novice whom does not know their left and right in the system. |
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Some weeks ago, I explained in a post how I taught my octogenarian and Septuagenarian parents about Bitcoin. One of the comments that caught my attention was made by Jet Cash. I'm 80 in June. Why are you guys surprised that older people can embrace the concept of Bitcoin? Many of us have enquiring minds, and are prepared to look at new concepts with an open attitude. This is why many older people have a better understanding of the 'rona scam and vaccination mania, and don't just accept government and pharma' propaganda.
At that point, some of the questions that came to mind were, at what age did he start learning about bitcoin? What role did age and prior experience play in helping him learn about bitcoin and cryptocurrency? With his current knowledge about bitcoin and cryptocurrency, does he wish he started at an earlier age? I was 29 when I started learning about bitcoin and it has been one hell of a ride. I know other members of this community also have their unique experiences which I am interested in reading about. So, I may just as well throw these questions open for discussion. 1. At what age did you start learning about bitcoin? 2. What role did age and prior experience play in helping you learn about bitcoin and cryptocurrency? 3. With your current knowledge about bitcoin and cryptocurrency, do wish you started at an earlier age?
Dear Jet Cash, I wish you a very happy birthday in advance. Thank you for all that you do for the community.This is quite interesting though. As there's no barrier in learning so there's no barrier in knowledge. Age is not a hindrance in learning new developments and technologies. I did get to know and learn about Blockchain in early 2009 when the system was just starting though. At first I saw it as a fiction and unrealistic. After some time of observation and graduation assimilation I found it very interesting. I had to start doing my own research and findings in respect to what I just got myself involved then. I was very fast in getting acquainted to it as I was technological inclined so learning about such innovation was not an issue as I was very interested in learning new things. So therefore age is not a challenge in learning new thing anybody willing to learn and have knowledge of anything will definitely achieve it as long they are willing to learn. |
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The government of Finland reportedly sold 1,900 BTC worth $47 million Finland has offloaded 1,900 BTC that was seized from drugs-related crimes.
The country had announced the plans earlier this year, and was seeking two crypto brokers to assist with the transaction.
Unfortunately, the delays have caused the value of this Bitcoin to fall rather substantially — with a final selling price of about $47 million.
Finland says that the cash is going to be donated to Ukraine, in what will become the biggest crypto-related contribution that the country has received.
https://coinmarketcap.com/alexandria/article/finland-sells-1-900-btc-and-says-47m-will-be-donated-to-ukraineSo this is for a good cause after all, they wanted to help Ukraine in it's war and I think majority of us didn't support the war. There is also a good thread by @paxmao regarding donations- Donate to Ukraine.Donation is not a bad idea anyways. I think Finland did a great humanitarian and charity work by making donation of such amount of money by selling of their Crypto assets so as to support Ukraine in their ongoing battle with Russia. I strongly suggest part of the donations be channeled into food provision as it could help sustain the Ukrainians and their soldiers in time of war because one needs vitality and energy so as to engage in activities so as to be focused. Now my second thought is this, though this amount traded was huge and I believe would have impact on the market. Currently speaking the market is gradually regaining from being bearish at this point in time trading such amount of coin at the instance don't you think it isn't quite a little bit more panicking. |
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Hello everyone,
I am trying to learn about Bitcoin and Crypto, so some guidance would be great. Can anyone recommend where I should start or things I should read or watch etc.
Thank you
As we all know that learning is a continuous process as long as humans still exist on earth. No one is above it be it an old man or a youth. It is nice you inquired about what you want to know in this platform and come to talk of it, it seems you are new here so you would need to be guided by those whom have been through the system already. I would advise that you do a proper research on blockchain so as to gain a clean knowledge on what it is all about then secondly Crypto currency so you could gain a broader understanding on how it works. Knowing the basic fundamentals would guide you through before going into trading and buying of tokens and coin for holding as investment. You can go online in search for guidelines as there are lots of article and published works in blockchain and Crypto currency. Also, there are lots of YouTube channels and documentaries to watch so as to gain knowledge on the evolution of blockchain and Crypto currency. I think this little piece of information can guide you through. |
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Prevention is better than cure Perhaps it is best to try to reduce your access to the Internet and provide as little data as possible.
We can first blame users for providing their data to neglected third parties, and then to the state for not protecting customer data, and finally to the platforms for being interested in profit in exchange for privacy.
But do not forget that any system can be hacked, so if you want to maintain privacy, do not share your data.
It is rarely impossible to avoid the internet this dispensation. Talking of data access, most people got themselves engaged in activities that requires such steps and process so therefore they would need to undergo the process to have access to their funds. You cannot for the fact about data breach ignore your funds for that matter so you would need to undergo the process so as to have access to it having it in mind that you are not the only one undergoing such process so therefore you would be at ease doing your task fulfilling the requirements. i just think all these data breach is as a result of negligence and carelessness of the organisations entrusted with the data of individuals. like you have said that any system could be hacked. That is certainly sure because it just can happen t anytime but the custodians of data should be able to protect the data of their clients with utmost care and trust. |
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A couple of days ago all I have seen are a lot of threads where people ask questions about the possibility of Bitcoin going down to $1 or coming to an end because they are panicked that Bitcoin may not experience another surge in price due to how the market downtrend a lot in just a few days ago. Are you wondering the reason behind this sudden surge in the price? It's because "CCP tanks protecting banks because the Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen. This will make people realize the purpose of BTC and before that happen hold your bag when you can. Always remember, not your key not your coin. Holding bag is not as easy as you think. You know bear markets takes time before it picks up and come to talk of it, most times people buy at high price and with the thought of it going higher than as they had purchased but to their greatest surprise, the market heads towards bear direction which causes panic selling and the at the entire end run at loss. The most people falling victim of these actions are the new bees. it only takes a strong hand to hold bag because they have already been groomed in the system already. So they know when to buy and when to sell. The market situation doesn't effect them rather it makes then hold their bags and also fill their bags more if the needs arise because they know it is the right time to buy more as panic sellers would be on the verge of selling most of their bags. |
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Despite the fact that just a few countries have made Bitcoin a legal tender, the truth Bitcoin is going to be adopted by the whole world as a decentralized global digital currency.
But One of the set back for Bitcoin adoption is the lack of proper awareness about Bitcoin and the stereotyped opinion of most newbies in Bitcoin that make Bitcoin look like a get-rich-quick scheme, this assumption about Bitcoin has made many frustrated when their investment/holdings in bitcoin go down during a bear market. So there is a need for enlightenment on the key features and purpose of bitcoin adoption.
I have tried my best to educate people around me on the basic concept of Bitcoin and make them aware of the advantages and disadvantages of Bitcoin adoption and how best to minimize the risk associated with Bitcoin, to attain some level of self-satisfaction through Bitcoin.
Merely teaching them and not carrying out any practical means another setback though. Like when I engaged some of my folks on bitcoin adoption, I had to be practical while teaching them for easy understanding, I had to download a wallet, how to setup a wallet, how to transact by sending and receiving of bitcoin, I went to the extent of opening my exchange account for them to see how I received my bitcoin on exchange after I had transferred from my custodial wallet to exchange and also how to trade bitcoin on exchange. I did all these in their very before so they could see. I also engaged them in a practical session so they could also do it themselves while I supervised them. This was how I put them through. I also encouraged them to do research online while I recommended some website and YouTube channels they could follow and watch to get more insight on how the blockchain and crypto space works. |
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We know what time we are going through right now, but we believe everything will be over very soon. And we are hearing lots of FUD and what we are doing is only sharing the news and creating this FUD viral, but those who need opportunity, they just make something else happen. But it's true that this 900B down makes the times very tough for us. But those who believed in crypto saw an opportunity at this time. who we call the strong hand. And they are grabbing much more this time. In the meantime, two of the most powerful crypto influencers added more bitcoin to their treasury. And that is called strong hands grabbing bitcoin.   it is nice this discussion was raised. This period ought to be the best time for investment and only the wise, smart and sharp investor know this strategy and investment secret. This is bear market and this happens to be the best time to load your bags as an investor. many people are currently at loss as a result of this market decline, FUD and other activities which basically affect the crypto trading so therefore causes a downward trend in price action which doesn't favor the crypto market in anyway. this occurrences causes panic sellers to sell while the diamond hands bag more and keep enlarging their bags. These diamond hands are otherwise called strong hands as earlier mention by the OP so therefore no season or occurrences on blockchain the would cause them t panic. |
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If it is one to go buy then Samsung has achieved a mile stone but if it's not then this publication should not deceive the populace. Come to talk of it, mining with app directly from phone show's how reliable and. Environmental friendly the app would be. Then it means that the greatest challenge of mining has been settled being it the energy consumption and environmental degradation. This means that mining would be environmental friendly now as against it's back drop. But however, does this really mean that you can mine any Coin with the Samsung mining phone or otherwise because there are other mineable coin on blockchain. So OP I think you should update us to know more in this development. This is a big achievement by Samsung company.
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Why do people not promote Tether instead of Bitcoin?
Is it because there is no money to be made in Tether?
Isn't the whole idea of Bitcoin to have a decentralized network that is useful and fair? Isn't that Tether?
1:1 seems fairer than 1:20,000 ...
OP I think you really have to do more findings so you could understand what you are saying. For a clear understanding, tether is a stable coin with a smart contract on the ethereum blockchain. Please you should nite this that tether however is a token and not a coin as you presumed. Tether can be controlled and has millions of it in circulation. It is equivalent to one us dollar in real life. Now back to Bitcoin. Bitcoin as we all know Is a blockchain on it's own void of any centralized authority and has a scarce supply of 21million in supply. It has more appreciable value than tether as it is not controlled by any authority. |
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Before the USD was accepted as the world currency, there used to be the British Pound as the main currency.
And before that, the Spanish Real.
Those are the latest 3 world currencies. We're about to enter the fourth one, Bitcoin.
It will take some time, but it will happen.
Before the inception of Fiat, there have been other source of money which was acceptable in the world and they gradually faded away giving room for new generally acceptable currencies. The world is gradually evolving likewise the economy and finance too. Paper money era would soon fade away too giving room for Crypto currency too. From my own point of view, though it would take a little time for Crypto currency to be adopted buy it would definitely be adopted by many nations but the few nations adopting it currently would be ahead of others and it would drive their economy far much better than others. So there both good and Bitcoin are precious treasures but you would agree with me that both are inline with their dispensation in terms of monetary value. Good which is the first valued physical natural asset is gradually fading away for the new digital asset to come inplay. |
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Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year. Interesting is that they rate Bitcoin as more valuable than Gold, they compare Bitcoin as rare as Diamond.  https://www.bloomberg.com/news/articles/2022-06-29/deutsche-bank-says-bitcoin-could-reach-28-000-by-year-end Personally, I think both Gold and Diamonds will not be comparable to Bitcoin. Gold is still abundant on earth that humans have not yet exploited, You know, Diamonds are something that we can make if we want more, Bitcoin is not, there is a limited 21 million Bitcoins and then no one will be able to generate more than one new BTC. The Republic of Uganda, is a country located on the African continent. On June 8, 2022, Uganda said it had discovered 31 million tons of gold ore, which could generate 320,158 tons of gold, more than the current total gold in the world is 201,296.  This is only one-way information from Uganda and has not been recognized by the world gold council, but it shows that it is difficult to know exactly how much gold is in the world, there may be a lot more out there. Regarding Bitcoin, no one can deny that there is only 21 million BTC. https://news.bitcoin.com/uganda-claims-exploration-surveys-discovered-31-million-metric-tons-of-gold Good luck Duke In reality, gold should be more expensive and costly in terms of exchange for Fiat and other commodities but the reality is that gold is currently excess in circulation this alone would gradually reduce the price of gold in time to come. Now looking at Bitcoin, We all know that it was the first blockchain and digital currency to first emanate. For that reason, it was tagged digital gold and a store of value which prompted the gradual increase in btc price. Now as we all know, Bitcoin is just 21million total supply which means that there is scarce supply of Bitcoin with the world population of 7.8billion people now if gradually the demand for btc starts increasing, the more valuable the price of Bitcoin and so it would continue to increase because of its limited supply. So now with the comparisons, you can we for yourself that Bitcoin got more edge than gold. |
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