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Bank of China (Henan branch) declared that people's savings in their branch are now investment products and can't be withdrawn."The world we are living in is far from perfect and issues like this where the institutions and FEDs take advantage of the people will always happen.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. |
|
|
|
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. |
|
|
|
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. |
|
|
|
|
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.
|
|
|
|
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. |
|
|
|
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. |
|
|
|
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. |
|
|
|
it's so I just opened up a coin base account (turned 18 a while ago) and I have been looking at the market Best Private Lenders for High Risk Personal Loans South Africa and shit is down bad, Has anyone got any advice on this? what coin should I buy and has anyone got any discord/telegram chats to join for these topics? There are lots of coin and tokens out there but Bitcoin is always the best because of it originality. If you are buying coin from your preferred exchange that's nice because you signed up with them but it would be on a safer side for you to transfer your coin immediately after purchase so as to avoid hearing stories that touches the heart because these days it is just funny how we sleep and wake to hear about sad incidence of hack and crack. OP I believe you must know how to set up a wallet so it would better you do that on your own so as to keep safe your passphrase because that's he key to your wallet rather allowing someone to install and activate your wallet for which gives them access to your assets. You gat to be smart. |
|
|
|
Finally I have used part of my campaign money to buy Laptop for the Village High School for Bitcoin Practical classes. The practical Class was so much fun. Even teachers came and participated and learn new things. The followings were taught and learned in the first practical class. 1. Bitcoin Core 2. Wallets 3. Basic Trading/Investment 1. Bitcoin Core. It is an open source of software which is used to connect bitcoin users as node. Bitcoin Core was created by Satoshi Nakamoto and developed by Wladimir van der Laan. https://bitcoincore.org/en/about/ , 2. Wallets. As the name implies, it is an object or application (app/sofware) which is used to keep, stored valuable things in one’s life. Such valuable things like, passport, ID card, coin, paper money, ring, documents etc. but in this context we discussed crypto wallets (bitcoin wallet) i. Crypto-Currency Wallets: as the name implies, it is a wallet meant to store or keep only for crypto currencies online. E.g. Trezor, Electrum, and Mycelium, etc. Crypto –Currency wallets are subdivided into two. Two types of wallets: 1. Online/hot wallet 2. Offline cold wallet Online wallets are of three types: 1. Web wallet: as the name implies, it is a wallet that uses online 2. Mobile wallet: as the name implies, it is a wallet uses mobile phones. Eg. Android wallet, Apple/Iphone (IOS) Wallet 3. Desktopwallet: as the implies, it is a wallet uses computer either desktop or laptop. Cold wallet are: 1. Paper wallet, if properly generated on air gapped device 2. Reputed hardware wallet 3. Wallet generated on air gapped device such Electrum cold storage     In conclussion Please permit me to appreciate these users that helped me to successfully did the transaction to buy the laptop and internet modem for the school to do bitcoin practical. Such users are: RickDeckard , Charles-Tim , nc50lc , NeuroticFish , DireWolfM14 , The Pharmacist , Pmalek , Cricktor, smartvirus on the thread https://bitcointalk.org/index.php?topic=5405437.new#new Really at a time I was confused what to do so I asked the question here and they helped me out. I really appreciate and grateful to them. My first theoretical class https://bitcointalk.org/index.php?topic=5403925.0This is great. Absolutely wonderful. You did a great job OP. You have really created an impart in them. I strongly believe they would never forget the experience so sudden as they grow. It is something that is part of them now which they would grow up with and live to tell the story which you would forever remain in their hearts. Now if I may ask OP how do you get them engaged so they don't forget most of what you thought. As you can see, they are little children that would mostly need to keep practicing what you taught them so they can be perfect band fluent in it. Come to talk of it most of them as I see can't afford a mobile or Android device. I think you should have a thought of it. |
|
|
|
Most countries are giving excuses and reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts
Well I feel it this way, government can come up with the excuses of terrorist, money laundry what have you etc but as we all know there is always a cockroach hidden in the cupboard and an ulterior motive by the government and power that be. The powers that be are just too afraid of wealth distribution within the masses and they are happy seeing the people in abject penury and this I believe is one of the major reasons why Satoshi can to settle and now the government are afraid of loosing grip of the masses they want to sing their praises. Another I believe is tax evasion for which you would not hear them talk. Blockchain has cut government assess to people's wealth no more monitoring hence the tax evasion reasons for condemning Crypto currency. I laugh loud because I know power and wealth is shifting and gradually the elites would have no say again. |
|
|
|
One can not conceive any constructive thought about crypto currency without picturing Bitcoin as the symbol of cryptocurrency, in fact, I always tell newbies that there are two types of cryptocurrencies in the world to which are.
1- Bitcoin= decentralized free ecosystem coin aka the king of crypto.
2- altcoins=shit coin highly centralized and controlled cryptocurrencies aka altcoins.
A close look and observations of both will tell you what their both stand for, their strength and weaknesses e.g
Bitcoin is a highly decentralized digital currency that gives its user total control, this freedom is possible because the Bitcoin network is on an automatic pilot mood. That is to say, no individual owned or control its network, so the room for influence is zero since the Bitcoin creator remain anonymous a long time ago.
Altcoins on the other hand are suffering from the grips of capitalization, over the controlled and highly unsecured method of network protocols, since their creators are known and they have 100% control of the coins, this has made the altcoin market become a dumping ground for bad projects and coin development.
These factors of Satoshi's lawlessness have made Bitcoin stand out and become the image representing cryptocurrency today and if Satoshi is identified today I think Bitcoin will start losing its position as number one.
Satoshi being faceless gave blockchain and Bitcoin precisely a great time explosion ie growth with global recognition. Let's assume he owned up by showing himself do you think he can be able to withstand the heat? Only God knows what would have happened to him by now maybe he might just be in jail cooling his feet with government charges against him. It was a nice move he took by not unveiling his identity and funny enough he was that smarter to have been able to manage his ip till he suuceeded the Bitcoin show. I believe he is somewhere now seeing the good works of his hands. He's a legend and the greatest technologist of all time. I give that to him. |
|
|
|
Mexican senator Indira Kempis proposed a bill to accept Bitcoin (BTC) as legal tender in Mexico. The proposal document focuses on the fact, that over 67 million individuals in Mexico still do not have access to a bank account, which means that 56% of the country’s population still does not have this most fundamental of the financial system. Bitcoin would indeed provide a good opportunity for this high un-banked population to gain access to cheap, fast and reliable financial transaction. This is good news for Bitcoin because in the face of the bearish market, it is still acknowledged as a potent solution or option to financial challenges of nations. Although this bill would face a lot of hurdles to go through the legislative and executive processes, but if it is finally passed into law, it would be a big win for Bitcoin because Mexico would be a bigger catch. This is quite interesting. We have long been anticipating the gradual adoption of Bitcoin globally. This is just one of the major and bold step taking its course gradually. I strongly believe most law makers in various nations are pro Bitcoin enthusiast but are not bold enough to take the step in passing Crypto bill in legalizing crypto currency as a legal tender but with time things would unfold and we would start seeing the reality of speedy adoption of Bitcoin in various nations and spearheaded by their own lawmakers then we would be rest assured that Bitcoin has has taken it's legitimate Stand in the world economy as was predicted. |
|
|
|
Real-time incident of an user who trained himself to be a trader. Got addicted and lost everything. Steven is the person who kept adding more cryptocurrency to his portfolio. In an interview he mentioned drug, cryptocurrency and alcohol has destroyed his life. In the beginning Steven knew what he's doing. Later he ended up losing around 5-10 bitcoins. He don't know any information about the addresses and now struggling to recover it. He says trading is gambling. He has learnt by his own and has always been a good trader. Now he spends day in one of the rehabilitation centre in Scotland. Data : Man Lost Everything to CryptoI think this would serve as a teacher and lesson to the newbies. You should know that Crypto is volatile and then trading do due diligence before embarking on it. Do well to trade or invest with funds or money you would not mind to lose ie use spare cash so that if you run at loss it would bother you in any way and when trading, trade with caution so as not to run as at loss. In all, we have no clues how he lost his Crypto assets so it's uncertain the circumstances surrounding the situation on how it happened, when it happened and where it happened. |
|
|
|
|
No doubt your speculations definitely might just be right. You know many Crypto projects are just shut projects they are valueless and worthless without any vision. Most of them are scam as well and are pump and dump with faceless team members and owner. Some are in the movement of meme coin with no tangible direction and founders strategically positioned to unsurp investors ha d earned money and run away with it. It is a pity that most victims of these acts as mostly new need with no knowledge and guidance in the industry.
|
|
|
|
|
This illustration is quite interesting. This really shows the down play of Crypto in reality. There must be ups and downs in every circumstances but your ability to cussion the effects matters. Now talking about Crypto, as a smart investor, bear markets are normal and that is the most suitable time to buy or bag more Crypto with real use case as the case maybe. The bear markets are avenue for investment as a smart investor here you should know when and what to invest in though it is also wise that you do your due diligence before jumping into any of the project because most of them fall as the bear comes and fail to rise up again even when it is bull run. In all it pays to exercise patience with due course.
|
|
|
|
|
Thank you for the timely update. This requires timely intervention as soon as possible. Waiting any seconds may result to delay and loss. I wonder what really is happening on Crypto space. It is quite unfortunate that exchanges now are becoming something else other than the initial purpose it was meant for. I would advise against holding assets on exchange anymore as it seems not safe these days. Better still holders should save or keep their assets in their native wallet which they have access to and are sure of the safety of their Crypto assets.
|
|
|
|
The movement of critics who deliberately take advantage of the bear market to attack. Anti-crypto, including the core I believe they want to attack Bitcoin at all costs and erupt in September 2022 in London which they will host. Did you know that people try to cover up the truth where we know it? According to Arthur Schopenhauer's perspective, truth has 3 phases: First: being laughed at The appearance of Bitcoin for the first time became a joke to the elite who didn't believe that Bitcoin was going to be big in the future. Then Second: completely rejected, we still feel this phase until now. many anti-Bitcoin and crypto critics consider Bitcoin to be the enemy, threatening the nation's centralized economy and of course, these elites are paid for their work. Now we will come to the ideal phase Third: Where Bitcoin will be accepted, without needing us to brag, because it has been proven that several large companies, which once mocked and mocked Bitcoin, have now turned to invest most of their money in Bitcoin. A group of journalists claiming to be pioneers of the crypto critique movement which you can see on their faces here https://crypto-policy.tech/ and with their background. We know they are nothing if they are not heavily funded. Like the words I often get on social media from the crypto community: " everything will crypto in time". Well all these are part of the makings. There have never been a smooth path to the top. The more the critics the more publicity it gains and the more stronger it gets. I am no in any way worried about it because I know fir sure that Bitcoin is only preparing to bounce back and coming back with full momentum. Never the less, Crypto has come to stay and it is the only way to the rescue now. I think in less than no time the world would be well acquainted with it and many would start seeing the importance of blockchain and Bitcoin in the making. Blockchain was never a mistake in any ways. |
|
|
|
Who is to be blamed for funds hacks, data leak/hack?
Statistics claim the majority of electronic data breaches are inside jobs. Disgruntled ex employees or current employees. A good percentage of ransomware attacks involving crypto are state sanctioned attacks credited to north korea. Electronic attacks planned and executed by nations are difficult to defend against. In the past we have also seen the united states and israel credited with carrying out stuxnet attacks on irans uranium fuel centrifuges. There is an arms race of electronic vulnerabilities being collected and stockpiled by countries who have zero day attacks stored in vaults. There are many undocumented and unknown exploits to software applications and operating systems used by millions worldwide. There is simply no defense for it. Being patched up to date, won't defend an undocumented vuln that was never released to the public. Of course governments, intelligence agencies, the corporate sector and approved security practices also factor in. Government and intelligence want backdoors built into everything. The private sector wants monitoring so they can earn extra profits selling end user meta data to the highest bidder. The electronic world is opaque with the inner workings of software and devices being a mystery. If people want things to change, they could push for greater transparency and broadscale adoption of open source code to avoid exploitation and abuse. But I don't think people would recognize the importance. Do you really think so that disgruntled employees can be able to mutter up such gots to that extent of doing such? It's unfortunate that such occurrence can be tracked to employees of organizations if they do such. I think if such should occurr as a means of negligence from their employer, the should seek other means for a redress instead of taking such wicked and drastic measures against their employer and organisation. No doubt as you have stated that organization want to make profits by letting government in through the back door seems this is most likely a point and spot for such but it's disturbing after luring customers into kyc verification and also involving in such act betraying the trust of your customers on you. It's quite unfortunate. |
|
|
|
Recently, there have been series of data and financial hack by hackers from exchanges and kyc verification firms entrusted with customers data, information and funds. The most recent is that of the 1billion Chinese data hack and hacker demanding for 10 btc as ransome. I strongly believe that information and data of citizens are to be treated with utmost care because it's a private affairs so must be accorded due respect but when the third party entrusted with such information can't show any credibility and reliable feature in playing their role what happens? It is unfortunate that data information of clients can't be protected with utmost care as a result of breached security measures. Now I ask though it sounds funny but to be realistic, this is the reality. Who is to be blamed for funds hacks, data leak/hack? Is it the government, security agencies or the kyc firms or the sole organization that demands all customers must under a kyc verification process. Your genuine opinions are all welcomed. https://www.washingtonpost.com/business/2022/07/06/china-hack-police/ |
|
|
|
|
This is quite worrisome that data was hacked from the security data base. It isn't alright that the security that ought to protect such information with utmost care could encounter such incidence. It's unfortunate this happened but paying such ransome wouldn't help in any way because the hacker(s) are already in possession of the data and the would still trade it as long as they have it still with them.
Come to talk of it, after thrse series of data hack and data leaks can these kyc firms be trusted anymore to properly secure the information of their clients. This goes to show that personal information supplied during kyc verifications are no more safe.
|
|
|
|
|
Show Posts
