After reading the entire write up, I thought I would be the only one who didn't get the message from the post. You didn't even state the name of the Bitcoin APK you were trying to log into. Ideally, most crypto mobile applications would give you a seed phrase, which serves as a backup process. Anything aside from that is clearly something to avoid.

You might as well come back to this post to make adjustments and simplify your write up.

I doubt if this online platform you are talking about accepts all crypto as form of payment. If they do, then i think Ltc, trx, doge and hive are coin that i am familiar with in terms of low transaction fee.

Good day, distinguished crypto enthusiasts on this forum, and a Merry Christmas to those who celebrate.

Recently, HODL has been running through my mind, and I definitely understand that most people consider it to be the way forward when planning on investing in Bitcoin. It is a method that can amount to good profit, especially when the period of holding is lengthy.

As 2024 approaches, two major events awaits us: The Bitcoin spot ETF approval and Bitcoin halving, respectively. with the occurrence of these two events, there is certainty that the market would be affected in positive ways, thereby seeing impressive pumps. The situation might also go the other way where the unexpected might happen.

Question: With the coming of these two major events, assuming the price of Bitcoin turns out to be very impressive and massively different from today's current price, will the majority of Bitcoin holders keep(continue) holding?, or might price temptation just result in them selling to make a profit?.

Thanks for your time.

This is a positive growth to the bitcoin community at large. I assume that some basic concept of Bitcoin was explained on the very first day of the seminar. It's literally impossible to touch all the basic areas, so encouraging them to carry out their own research would also expose them to the deeper side of it. Keep up with the good work.

My opinion...

Becoming your own bank wouldn't have been possible, until Satoshi Nakamoto can up with a brilliant idea. Third party interference has been a major issue affecting those who are not part of the governmental system, making them feel almost less important especially when it comes to accessing their own deposits.

Been your own banks literally gives you the same authority that financial institutions (banks) posses, such as:
1. Sending money to anyone around the world with out intercountry restrictions.
2. Sending any amount unlike banks that gives limit
3. Acting as a third party in approving your own transactions, etc.

The volatile nature of this form of money makes it a suitable investment option for those that believes in it. Interestingly, price increase and price decrease are both different opportunities that favors it's users. When the price goes up, those in possession makes  decent profit for themselves depending on how much they bought and how many they've acquired. When the price drops, people sees it  as an opportunity to accumulate more. I would say that Bitcoin is indeed a marvelous piece of art.

Is there anything more interesting than becoming your own bank, approving your own transactions and also enjoying both the positive and the negative price aspect of the currency ?. What more can be magical than this ?.

Generalizing them as digital currency gives us different options that sounds appropriate, but no doubt, bitcoin is going to be a leading figure among all. Interestingly, we are beginning to see cryptocurrency and bitcoin in movies as normal type of currency, though I understand that it is pure acting, but at least they've consider it as an option. Let's assume that we've all watched M.I.

Your opinion about the bull market isn't far from the truth, but I think almost everyone now picture the bull run with an idea of pure assumption. Too many expectations, but no certainty of what might happened. I would love to see the halving process come soon, so as to reduce the tension among those with too much expectations, and I hope the expectation of the majority doesn't turn to disappointment.

Says a person who isn't part of estate business...
Just like others have said, "Every investment has a risk factor attached to it".

In the case of the incident that happened in your country, the owners/founders of the estate project could be held accountable, but in the case of having a Bitcoin loss or other risky factors attached, then you should consider starting all over.

For me, I would say that: what makes me consider bitcoin a better investment is the fact that I know the risk factors and the volatility attached, but I am still willing to take the risk.

In conclusion, I would say that: both investment are profitable. The only thing that matters is how the investor understands and interpret the risk factors, because he/she must be ready to bear the cost.

Bitcoin halving has always been confused for crypto burning most especially by those who are new to the crypto space. If not carefully looked at, Bitcoin ethusiast might even fall in the same situation the very moment the two words are mentioned.

I would start by saying: Bitcoin halving is practically a mechanism that helps to reduce/cut the rewards of miners, thereby reducing the amount of bitcoin entering into circulation.

While crypto burn is a mechanism use by other cryptocurrency in reducing the amount of their digital asset already in circulation.

The two main phrases in both definition states the big difference between them. Halving helps to reduce what's entering into circulation, while burning helps to reduce what's already in circulation.
We should note that halving is an automated mechanism that would occur when every 210,000 blocks have been mined. It is practically used for bitcoin. While burning is intentionally done by the developers of that particular coin.

Though, they both have little similarities such that: both mechanism helps to activate scarcity. After burning, there are possibilities that the specific coin would increase in price or not, but what do you expect when there is scarcity ?. The same goes for Bitcoin halving.

If as a reader, you clearly understood the difference before coming across the post, then you should note that there are others that might have always confuse the two words.

My opinion...

Your explanation was brief and worth noting...

CZ is very right. I think new people have joined the crypto verse within the last 4 years, which literally means that large numbers of crypto ethusiast don't have halving experience. Halving news is gonna get more hotter as we drive closer to the very moment, which will put more pressure in the market, making most people want to buy more Bitcoin.

I perceive that most of us have forgotten or should i say don't understand the concept and the primary purpose of Bitcoin. I had to made this conclusion after reading several post from different communities including Bitcointalk. Most post I read were meant to promote the use of bitcoin, but failed to apply the primary concept.

Interestingly, almost every bitcoin promotion article we see today contains HODL, Investment, Bull Market, 2024 Halving, etc, but only few talks about the basics.

You must be wondering what the primary concept is all about ?. The bitcoin white paper which was released far back had the answers to what bitcoin was primarily meant for. The heading of the white paper  stated Bitcoin: A Peer-to-Peer Electronic Cash System. While reading through, the writer's primary intentions was to fix the issue of third party transactions, by making Bitcoin another form of transaction entirely. The most interesting part was how the writer explained vividly how the transaction would work in relation to security matters.

HODL, bull market, etc isn't bad, but how many of us still talk about using bitcoin as a regular medium of transaction ?.

Don't get this wrong, I am not against HODL or others because everyone deserves to make profit. but if everyone chooses to hold, then how do we promote ?, Just by using our mouth ?, Who believes what is not seen ?.

I think we are very lucky with satoshi's brilliance, but sadly, majority now consider bitcoin as an investment only, which makes me wonder if Bitcoin is still a p2p electronic cash system.

My opinion...

It's so surprising to see how matured crypto ethusiast fall for fake write up on centralize platforms. What makes you think that Satoshi would pass information directly to the world through a centralize platform when there are forums that talks randomly about the foundation he/she had played down.

As a neophyte to the Bitcoin community, asking questions shouldn't be a thing to be shy of.

I have come across series of articles/post, and I have noticed how HODL have been genuinely encouraged. The bull market which is also talked about in most articles: happens to be a condition of the financial market where there is certainty that the price of Bitcoin and others might be positive.

My question goes to the bitcoin holders and those who have gained experience.

1. Why do most people anticipate for the bull market when they clearly encourage HODL ?.
2. What happens when majority of the bitcoin holders sells a larger portion of their bitcoin during this bull market?.
3. What happens when only few chooses to sell little portion of their bitcoin ?.
4. And lastly, how will question 2 and 3 reflect on the market ?.

If you find the questions too much, please do well to answer the ones you know. I would love to read lots of opinion.

Keeping your wallet safe is not something new or a topic to start emphasizing on, we just have to stick to the process of running a continuous reminder just like you did in this post. For sure, hacking has to be part of everything since digitization is attributed to it, but those who expose their keys are very common among us and are likely to fall victim.

This is quite hilarious, because of how different opinions and publications as caused unnecessary confusions among the masses.
Someone claimed to be Satoshi, how does that even concerns us, when we know very well that some of those people at the top are against decentralization, so what makes you think that Satoshi would reveal him/herself.

And lastly, every information we've gathered today was clearly written by someone who thinks but literally had no concrete evidence. Satoshi Nakamoto is a mysterious person... Ooh no... They are group of hackers. Satoshi doesn't use twitter... Ooh no... That twitter account is operated by Craig Wright. He is just somewhere, living among us, maybe using the same popular social medias, but we can't literally tell because he/she/they are mysterious.

I assume when you see this topic, the first thing that must have come across your mind is to figure certain errors in my post, but make we try dey rest for once so that we go fit reason sum kind matas as naija people. Bitcoin for everyone no mean say I get anyone to give you, na how we fit help out fellow citizens b de reason for this post.
The economy done bad, which everyone of us are quite aware. Millions of Nigeria youths they out there they strive and still nothing to show for it. Online financial platforms don dey available for piple to dey make money. This platforms done turn some youth to self independent people.
Another interesting way of having something to live for is the accumulation of Bitcoin and other crypto currency. We can all attest that this has also helped several youths among us.

But the sad thing is that, there are certain people who choose to hold financial information to themselves instead of sharing it with the people around them. This issue has become the common habits of Nigerians which has increase greediness among us.
Watin e go cost me if I tell you where I dey get my money ?, As long as I no put hand for bad thing, then I suppose fit give reasons to anybody why I dey buy some cryptocurrency.

Money na watin we no go fit chop finish, na just information, pass it to who so ever is interested. It's better to share a financial information than to help someone financially. And note, it's not by force, so don't force anything on anyone, but only those who are interested.

Abeg make I hear from una too and happy Sunday...

It is interesting to know that large number of Bitcoin and none Bitcoin holders are looking forward to 2024/2025. This is the year which so many experts has predicted to be the halving season, where price of Bitcoin will definitely hit a higher price due to scarcity.

You must be wondering why none Bitcoin holders are also looking forward to that same year,... Well it's because of how effective Bitcoin price will be to the crypto market entirely.

In other words, Bitcoin has the power to make a great price impact in the crypto market in general, which makes it the father of all.

So what's your opinion ?

I am quite glad few people could read and understand this post, because I wasn't referring to myself, but I wrote it base on general observation and assumptions.

Your comment was transparent and has manners, I appreciate you for that.

Sir, it seems you didn't read the post or maybe you couldn't process it. Try reading it again.