2. For both trading or hodling to be possible you must own Bitcoin. Although trading requires a minimum amount of coins, hodling does not.
Trading doesn't require a minimum amount of coins, there's no minimum amount as you can trade with any amount but if you're using an exchange that's when you'll have to deposit money based on their deposit minimum of that exchange to trade. You can trade P2P directly without an exchange and you won't need a minimum deposit. Neither trading or holding needs a minimum amount of coin but to make profits you have to decide which amount you'll use to trade because the higher the amount, the more opportunity to get more profits when trading. Both Hodling and trading are guaranteed ways of making profits from Bitcoin but holding holds more pros then cons and that's why we're advice to hodl. You're stressing yourself when you trade when you could have just hodl and make profits. With all these being said it is important to note that hodling shitcoin is not advisable due to their exponentially high volatility which may lead to severe loss if not properly managed.
Trading and hodling is always a choice as they indirectly serve as balance to the Bitcoin ecosystem.
Shitcoins are to be avoided by all means, they should neither be traded or HODL because they bring nothing but losses. If you're trading them, you have to be very careful because their prices are more volatile and they're been manipulated by whales for their gains. Only trade or hodl bitcoin and you won't find yourself as a victim of the different scams that are becoming a frequent news in the industry. |
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We all know Binance is one of the best exchange in the world and there is a button called P2P Trade and there one can trade in their own local currency. I don't know how to do that so I'm asking for help from everyone. I hope you can explain me in detail. Binance exchange isn't the best exchange in the world, it might be the most popular exchange but that doesn't make it the best. They're not the best in security, Binance exchange is a centralized exchange and when we want to trade P2P transaction, centralized exchange are not the best exchange we should be using instead we should using exchange that are decentralized. If you want to trade P2P and enjoy full decentralization make use of https://bisq.network. You can make use of Binance exchange for your regular trading if you'll be comfortable submitting your documents for KYC but if you're not comfortable and value your privacy, you should make use of other exchange that don't require KYC for trading and withdrawals. We have many decentralized exchange that you can use and they can be found here; https://www.coingecko.com/en/exchanges/decentralized |
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Ps: Bold = Best post for the week. |
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Finally truth of the matter be say food wey dey last well well for our belle when nor dey make us hungry quick when we eat am, na because our liver dey struggle to digest am, to us we fit see am as economical food but to our health we dey over work the liver and this nor good for am eg akpoo, beans, red meat, fatty food etc. Even if e dey difficult to stop dem make we just minimize the wey we dey consume dem. You dun talk wey my brother, and the thing be say many of us sabi all this things but where the money dey to they leave this kind life, the only thing wey we fit do na to reduce the way wey we dey take them as we can't do without them. They're the easiest and most affordable food for the common man and no wonder dem say, rubbish food dey cheap. Red meat wey we dey manage, wey be say with the least 1k you dun buy meat to use chop eat. How dem expect poor man to avoid them. I know e no easy but make we try too dey follow this instructions dem because e good for us. White meat get less cholesterol than red meat and na one of the reasons wey dem say make we avoid red meat (e get very bad cholesterol but many of us no go sabi dat one). Make all this dieticians get out with their rubbish advice because e be like na almost everything we go stop to dey chop if we dey listen to all of this things
Little one to add @op, try make you edit your post and make it shorter if you want engagement because nobody go reason your matter or this thread with this length.
Aswr like now everything dun bad, I remember when dem been dey advise us to eat red meat but now na white meat be the next agenda. Abeg the cow dun stop to dey chop grass wey their meat no good again but Las Las we need to listen to them because them get point for everything wey dem dey talk but normally you no go listen finish as you go do stop where your money reach. Na dem went us to dey buy online fowl and turkey wey dey cost like wetin I no know. PS: This post no long chairman, this is okay for an informative post like this, there's nothing wrong with the OP been big, some post are for informative purpose and if the OP been add more information e no go still bad. Na reply wey supposed dey short and straight to the point although e no bad when you have meaningful things to say to always express yourself. OP you try wella and I go revisit this thread in future. |
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1. connecting our wallet to unknown websites all in the name of free coins or airdrop. some dey call am faucets. Make I throw small wisdom here because airdrop and free tokens na one thing wey no fit leave Nigerian body because normally we like free things and we dun see or hear story of people cashing out from this airdrop on a thing wey be say no be lie because as far back as 2017 wey dem Bitcoincash and gold dem come out, I receive airdrop and e been worth like better dollars dat time and we still do small airdrop task dem wey give us something especially when Binance exchange been come out come dey promote some small task to get their tokens and e later worth something. Wetin I dey try talk be say, dat time airdrop been dey pay well but this days many no worth am and no be all wey dey ask you to connect wallet to wey you supposed participate in. If you come see better one and you wan connect wallet, no use your wallet wey be your personal wallet, just create another wallets specifically for claiming airdrop and make I say you get the tokens, you fit come transfer am go your personal wallet. Even when you wan trade for all this decentralized exchange dem, get a specifically wallet for that purpose as well. You no dey buy online wallet so no fear to create multiple for various activities and get a personal wallet for your Hodling. 3.storing you seed phrase the wrong way. we all know say our keys na one most important matter wey as a Bitcoiner or cryptocurrency person we no suppose use am take play at all. some people go just dey lazy to the extent of storing their keeps put for Gmail or online cloud apps. I no go blame anybody because we all grew up depending on people for our security and banks for your money so we too dey used to centralization already and others protecting us and na wetin make us easily dey trust those emails and other online ways wey we dey store our private keys and other sensitive information but make we try change because although we never too hear stories of them been comprised and Nigerians been affected but time go come and e go reach this side so make we dey avoid them and use method wey dey safe and easy for this side. Alot of recommended ways dey to store our private keys but the one wey dey too easy for us na writing them down on a piece of paper and that paper been protected like locking in a safe after laminating the paper or using an encrypted USD device that also has another secured backups like the paper go make sense. |
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Jobs for our country here sucks , just imagine person comot for house as early as 6 A.M go work and e comot for work by 4pm enter road, meet traffic congestion, come reach house by 6pm.
Dem dey call am 9 to 5, that's job wey you go do from 9 to 5 but for Nigeria na 8-5 as job dey start officially by 8 and end by 5, anything else no be working hours and we no suppose dey work to those time unless you dey work for where e demand you to stay pass that hour. Minimum wage no mean say na wetin dem dey pay people, na just minimum like people no supposed get pay lower than that amount and most job dey pay pass like dat. You no need to kill yourself my brothers, if you dey do job wey you no like no talk say you go manage am oh, commot for that job because e fit be that job wey dey weigh you back from achieving your goals for life. Some jobs dey like bondage and their boss dey use juju tire everybody down abi you never noticed say e get people wey go change job and immediately their life go dey better. Abi na like this e be for other countries? No wonder many person like dey self employed.
9-5 dey everywhere my brother, e no get country wey you go go wey you no go see people dey suffer like this. The only better thing for their side na say their money get better purchasing power and dem dey pay dem well. Here dem no dey pay us well and our money no get value. Money wey dem pay you, you no go fit use am buy anything for market but their side you fit survive on your salary and feed well (do other things too). All this one na because say our economy no good which is due to bad governance. Self employment no easy oh, e hard because you need to work before you chop and your working self no guarantee your choppings unlike when you go receive salary irrespective of how you work. |
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Buying and selling doesn't affect the fixed supply of Bitcoin but it affect the circulating supply. Just understand that selling = more people bringing their Bitcoin to the market (which increase the circulation supply on exchanges).
Yes, buying and selling of bitcoin does not affect the total supply of bitcoin but neither do they affect the the circulating supply of bitcoin. The circulating supply of bitcoin which is currently approximately $19.5 million is affected by nothing than mining reward, but the supply can have have effect on the price of bitcoin as lost coin among them will make bitcoin scarce and which can have positive effect on bitcoin price. Again if you read and understand my statement you'll see that I clarified that it's the circulating supply on an exchange. Buying and selling affect the circulating supply on an exchange and the circulating supply of Bitcoin currently is showing on coingecko as BTC19,508,837. Circulating supply can't be measured in fiat value but actually figures. The circulating supply mightn't be accurate as well because I don't see how possible it is to track all Bitcoin in circulation as some might be lost or not on the market circulating (as a result of investors hodling). Buying and selling affect the circulating supply of Bitcoin on an exchange as when they're more buyers, technically more Bitcoin are leaving the exchange while when there's more sellers more Bitcoin are been introduced to the exchange. |
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And you're still misunderstanding as I noticed you're editing and reposing your replies multiple times and I received notifications each time which means you're correcting whatever you previously wrote. This is getting funny  . I think you have the mindset that I am correcting you there. I am not correcting you. The only correction which I do not even admit that it is wrong, but not entirely right is what I quoted. But I will not refer to it again because I do not want to keep repeating myself. And you're misunderstanding again which is why I said you should read well and understand before writing, not correcting whatever you wrote then reposting. You didn't understand the statement or didn't get the idea I was passing across. You don't quotes and correct what isn't wrong. I gave you an example as you wrote what wasn't entirely correct but I understood the angle you're coming from because I calmed down and read your reply and not just having a glance and immediately quoting to respond. Your statement of the house having the edge in gambling isn't entirely true for all gambling but I understood you're talking from an angle of a part of gambling and so is my response of the timing. Next time calm down to read and not rush to respond and keep editing for reposting as you can edit without reposting. I don't enjoy writing in English on the local board so I'll stop responding on this thread as well.   |
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So when verifying the transaction using your private key will the private key be known or seen by others on the network? If so then is it not risky letting others know our private keys. Nope they won't be known, they won't be called private key if they will be exposed when you used them to authorize a transaction from your wallet. You're the only one that should know your private key and they should be stored offline. And also in a case where the owner loses his/her private key and is unable to verify the transaction what will happen to the coins. Are they gone forever? Or is there a way to recover the private key. They're gone forever and don't believe any service offering to recover your private key for you because they're scammers and in a situation they do recover the keys for you (very unlikely to happen) why do you think they'll send you back the coins? |
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There are three types of scams, which I'm going to share here today. There is no point in creating three different threads for each of them, as I will try to make it brief.
Tips: When you mention this scams like dis, e for make sense if you give some tips and guidance on how we fit use dey prevent them. Also no think say everybody know every scam wey dey so, some fit popular but many of us no sabi dem and some of this scams dey come in different way but na still d same thing (but different format) so as you dey see the format make una dey share am and no dey assume say we sabi am. For the Whatsapp own, make we no dey believe everything wey we see online. We supposed know say we dey country wey everybody dey try find their belle and sometimes dey no care weda wetin dem dey do dey call am hustle they hurts others, they're only after making themselves comfortable. I no just understand why people never realized say security measures dey to protect your WhatsApp number from been added to random groups by people wey you no sabi. Do this; - Login your WhatsApp
- Navigate yourself go settings
- Navigate yourself go privacy, group.
- Look through the options and select your preference (only your contact to add you to groups
When you do am like this, only your contact fit dey add you and random users no fit add you to groups. Preventing this guys from adding us to random groups go well because scammers dey for those groups and dem fit get your contact come your DM. The rest has been discussed and if na you fall mugu na you do yourself because why person go call you say him from your bank and in this 21st century you go believe am. Dem no even use all those bank special code call you and you still dey believe them, this one no mean say if dem use special code make you believe oh. Bank no dey ask for sensitive details on phone, take note. |
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For the time being I have joined bitcointalk and also the bitcoin market. I always hear that, when the market is buying there will be an increase in price of bitcoin and when it is selling there will be a decrease in the price.
My question is that, what makes the price go up as people are buying and the price goes down as people are selling because what I understand is that this action cannot increase or reduce the quantity of bitcoin available, so what action actually makes it to increase or reduce in price, is it the marketers, miners or who does that? Is there any technical reason behind that actually?
More clarification on this will be appreciated.
Simple reason; Demand and supply. Both buying and selling happens when the price of Bitcoin is increasing and when it's decreasing but the difference is that when the price is increasing, there's more of buying going on and when it's decreasing, there's more of selling going on. The action of buying and selling can actually affect the quantity of Bitcoin available on the market because the more we have more people selling (a larger quantity of Bitcoin will be available on the market) but when we have more of buying going on, they'll be reducing the quantity available for trading as more people are buying. Buying and selling doesn't affect the fixed supply of Bitcoin but it affect the circulating supply. Just understand that selling = more people bringing their Bitcoin to the market (which increase the circulation supply on exchanges). |
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I do not know this is existing. Which means there are P2P gambling sites online. Although, if they are online, the are likely to be online always as well, but gamblers are the ones to determine when to gamble or not, and the games to gamble with or not. I have just known this right now.
And you're still misunderstanding as I noticed you're editing and reposing your replies multiple times and I received notifications each time which means you're correcting whatever you previously wrote. Maybe you should understand the sentence well before replying as mistakes can be made in spelling (not intentional but due to auto correction) but if you pay attention without rushing to reply you'll get what the person is trying to say. Again your statement of a P2P gambling site been online regardless isn't responding perfectly to my statement of we having a P2P gambling site. I made that reply in response to your point below; Gambling:
Gamblers are losing to gambling site owners and share holders
What I'm trying to say is not all gambling leads to you losses going to the site owners or share holders, we have decentralized gambling and it's growing just as online gaming/gambling grew to the multi-million industry it is. The point isn't about gambling been online always but about where the losses goes to. |
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In continuation, I have not seen this type of gambling online before that does not have a closing time. The last time I saw it was when I was in school, students and some other people that like crazy things like that. The gambling OP is referring to gambling on online sites and the ones on the gambling board on this forum which I have stated already. But using timing to compare between gambling and forex is not totally correct, not totally correct means not that it is wrong, but not entirely true. Nobody spoke about gambling not having closing time, I said trading doesn't excluding weekends and that's because the discussion here is Forex trading and not cryptocurency trading. Like I also said just because I didn't specify the type of gambling I meant which is (sport betting) doesn't make me wrong because we all have been generalizing here by just saying Gambling. The OP is talking about forex so crypto trading explanation has no merit here, crypto trading and forex are different. You're not a gambler so you don't know, gambling goes beyond what's happening on casino and sportsbooks. Haven't you heard about gambling tournament held online, even the ones gamers gamble by betting on who wins the games and those prizes, the house has no say sometimes they take commission and other times the players get everything without involving the house and all this are done online not manual. We said gambling which should cover everything gambling and not just casino games or sport betting. We have decentralized games were users bet P2P, it isn't very popular among the forum users but it's happening and just because you don't know about them doesn't mean it isn't happening. I could name sites but I don't what to promote any site that'll make people lose money and if you browse online (which everybody can do), you'll see platforms offerings such services. Here's an article posted on August 2023 which will let you know P2P betting are gaining momentum; Peer-to-peer sports betting is crypto’s next killer app Decentralized sports betting enables gamblers to not only beat the house but also own it
• Users can offer and accept bets as they compete against each other through peer-to-peer betting instead of endlessly challenging The House Web3 betting is taking betting from the house having the edge to the players to own it. Timing also has an impact in sport betting which is also gambling but mightn't have in casino games but they're all gambling. |
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This is not entirely correct. You can gamble on casinos anytime that you want. There are many in-play matches. There is sport virtual bet which is a available everytime. For people that are gambling in sport, matches are always available until around 1 to 2 am that north and south American countries will finish playing. I think you are not the casino type and you prefer only the big leagues is the reason that makes you think if gambling like this. Crypto trading can be anytime but forex will be closed during weekends.
Everything is evolving, development are affecting how we knew things, before now a bet can only take place when a game starts and when it ends but we now have cashout prices as specific duration of games, you can bet on specific events that happens during a sports game etc We aren't speaking about crypto trading, here but forex trading and everybody knows crypto trading happens 24/7 unless an exchange stops trading that's when you can't trade on that specific exchange. Gambling:
Gamblers are losing to gambling site owners and share holders
If you went to be specific this is also incorrect since when we talk about gambling generally, you can also lose directly to your opponent when you bet. We have games that are like tournament that when two or more people join and the rest lost, the winners takes it all. We have DEX platforms that organized games between players while they just take a commission from the price money won. In today's world, nothing is as exactly as we know them before as different things are been introduce to satisfy our tastes. |
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If you are becoming a billionaire in 2025, buying a large ship should not be not be a goal, it should not be your manifesto, Because money doesn't matter, but humanity matters, Money will increase with time, (While we should talk about equal resources, equal wealth for all people) maybe we are traveling towards the free world?, Because of me, many people have become whales in the last 4 years, governments have become financially strong in the last 4 years, And now they are all doing good, Regardless of all these things, what should be your manifesto? Let's look at all these things So let say my investment all turn out the way I wanted and I become a billionaire, you don't have the right to tell me how to spend my money. If I want to buy islands, large cruise ships and other luxury items, I'll do that. Money is meant to be spent but obviously I won't spend all without thinking about my tomorrow and also carrying out some charity in the best way I can. Everything can be done, you can enjoy yourself and also assist the world but instead of providing for people needs by giving them fish, you can teach them how to fish. Taking care of a guys meal will be a one time thing but teaching him how to get his own meal will be forever ability if he uses the opportunity wisely. The world is a short place as we won't stay here forever so we should enjoy our stay on earth. Gift yourself a good ife while you're here and also assist others in the best way possible. Don't take it upon yourself to help everybody because you can't do that. Help those that you can help and they'll help those they can help and the cycle continues. I encourage helping others but we shouldn't deprived ourselves happiness because we want others to be happy, the Bible says " we should love our neighbors the way we love ourselves" which translate to making ourselves happy because only when we're happy can we make others around us happy. You can buy a ship and employ workers on the ship which you have provided job opportunity for those employees. Having a ship is just couple of millions and you will still have thousands of millions left to spend on charity. I'm not encouraging future billionaires to get themselves ships but if that's what will make you have a happy life, do it so you pass on your happiness to others. We shouldn't make the world about others only, you made money to have the life you wanted so enjoy that life while you have a good heart towards others. |
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We know the oil market is booming and countries with oil resources are really making a huge fund out of it and sometimes they do it at the negligence of another local natural resource. This is not entirely true, just because they're not putting attention on agriculture doesn't mean they're forgetting about it. When there's natural resources that's more profitable and the strength of a nation, more attention is been given to that resources and that's what the oil producing national are doing. The money gotten from the sales of the oils is used to develop other sectors of the country including the agricultural sector because to work effectively on agriculture, you need funding and this funds can't be printed unlimitedly or you'll bring about inflation to your country's currency. Other countries that focus on agriculture and exportation of their goods need others to buy it and that's what the money gotten from selling oil is used for by the country that has oil as their main export. The needs for balance in the world is necessary, every nation can't have everything, importation and exportation is necessary among nations for human survival. No matter how blessed a country is with oil minerals, if its agricultural sector isn't working and she has to rely on other country for her food and agricultural resources then in event of war or political differences they might suffer During those war times there'll still be importation and exportation going on between countries that are allies, as Russian and Ukraine are fighting, while it seems every nation is cancelling Russia, they still have countries that they're allies to and trades are going on between the two or more nations. As a country you have to focus on the national resources that you have as your strength and develop it to the point that it gives you leverage. The Arab nation have been able to turn the fate of their nation around because they built on the oil they found, others can do the same with the national resources they have. Both agriculture and oil is important until something else takes over. Agriculture though is more important for human survival and every nation has a little bit of it but we have nations that agriculture is their main export. |
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Bitcoin no go fit finish for crypto market, no matter the demand way investors go demand for Bitcoin, Bitcoin go still dey plenty. (Itz plenty), so I no dey fear at all but I go buy am one-day.
Who dey deceive you like this, we can only have 21 million Bitcoin and make we say everybody buy 1 that mean na only 21 million people wey go fit get Bitcoin but this one no be the reality as no be everybody wey go fit afford one Bitcoin and some people go wan buy more than one. Also no forget say some Bitcoin will be lost forever as people go die leave am or sent to wrong address that are in unaccessible wallets. For market no be everybody go put their Bitcoin for market for trading, some Bitcoin will be held in wallets. Make those volume dem wey dey exchange no deceive you because most of dem na wash trading. When you trade Bitcoin on centralized exchanges no be the real Bitcoin wey you dey trade but just numbers, na until you withdraw na when dem go send you real Bitcoin that's why we're encourage to always withdraw our Bitcoin from exchanges. Bitcoin no dey unlimited instead e dey limited which means e go fit finish so no dey play with the one wey you get. No rush go invest in Bitcoin until you understand am well and no go use money wey you go need urgently go invest inside Bitcoin but no dey wait to invest as that's not how smart investors dem dey think. Smart investors buy and wait and make profits. That's why you accumulate Bitcoin in the bear market and wait to take profits when your target price dun reach. No think say Bitcoin go wait for you oh as any minute you procrastinate to invest inside na yourself wey you dey do. You no need to buy one Bitcoin one time, you fit dey DCA wey be Dollar cost average and how you go do this one na to dey buy small small Bitcoin of the same amount anything you get money until you dun hit the traget of Bitcoin wey you wan HODL. |
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However, Forex is same thing as betting. Betting can turn someone to millionaire, billionaire etc likewise forex. You analyse in forex likewise in betting. Because say two things fit give you the same thing on mean say dem be the same. Forex and betting na different things but e get people wey dey gamble when trading forex like dem dey gamble when betting too and dem dey succeed but e no dey last long for forex because at a time the market go catch you and if you no get stop loss you go lose everything wey you get. Here are some different between forex (trading in general) and betting; - For most betting na the house wey get the winning odds like na dem get the higher chances of winning but when trading na the trader get the odds of winning and not the house (infact na the traders be the house)
- For difficulties: Gambling dey more easier than forex trading. Person wey no get any experience go fit dey bet and dey win but for forex e dey very unlikely and even though you win e no go last as last last the market go get the last laff
- Forex trading na the betting on currency pairs but you need knowledge of the currency pairs for you to profit but betting (gambling) na playing of games wey no need you to get much knowledge or skills on am and with just your luck on probability games you fit win
- Timing: some betting requires you to join the game as e dey start but trading no get timing, you fit enter and exit the market anything and make your profit. Betting get time limitations but trading no get expect say the market no dey open Saturday and Sundays.
One thing about forex na say, if you no learn am well you go lose but gambling is mostly about luck, you no need to learn am per se. Weda na forex or gambling wey you dey do or dey interested in, know say both of dem dey very addictive and if no discipline yourself well you go lose your focus which is to make money. In forex you fit master a strategy wey go work for you constantly and can be thought to others and una dey use am dey make profits together but when you dey gamble, there's no proven strategy wey you fit teach people wey una fit dey use make money. Everyday for gambling na try your luck but for forex, same strategy can be used multiple time to make better profits them. |
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When we look at the state of our country's economy, it's obvious that relying on one particular source of income cannot really be enough to pay your bills, especially when you have a family. In most countries when you have a good skill, or a stable job can take good care of you even if you have a family. The only thing you need to work more for is promotion. However, it is different here. Make we no dey think say outside na heaven because even for that side you go need do multiple jobs if you wan get a better life, abi you never hear people dey do multiple jobs as shifts just to get enough to survive, make we no dey think say e easy for anywhy. E get good paying job for Nigeria here wey dey pay well and you no need multiple sources of income to survive but just that the jobs dem no plenty and we dey overpopulated for this side for job to do us. I wan correct something, if you want to get out of poverty, no be plenty jobs go solve your problem but investment will, because investing the bare minimum can help you elevate your financial situation but person wey dey do multiple jobs fit still dey inside poverty as all the money him dey make is going to sort a bill or wasting them on liability. If there is a way that working salary would be increased, tit would at least reduce the need for multitasking because all these things are part of those things that gradually affects our health and reduce life spam. Multitasking isn't bad, it's a type of hustle that when you do it very well you can generate enough capital to be used for you to start a business or investments to help better your standards of living and takes you out of poverty through your investments. Dem dey multi task for everywhere but as you dey do am, no go over do your own. Know your limit and stop at a point because there's no point in making the money and you won't enjoy it. Always look after your health and don't do jobs that'll stress you out. You can have a salary jobs and do some bot hustle on the side and when you get home do some trading or working online. When you multi task like dat e no go too weigh you but if you wan do all as manual work, you'll be stress out. |
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Institutional investors can bring stability and liquidity to the Bitcoin ecosystem. They can also help to legitimize Bitcoin and make it more mainstream.what you think about this as a crypto guy ?  Institution investors will bring centralization to the industry, institutional investors would want their money to be protected since they'll be coming in with a large sum of money then regular investors so they'll want the market to be regulated. The institutional investors have power and connection so they'll use that to draw the attention of lawmakers to the market. Their involvement in the market will bring about more mainstream adoption and popularity but it'll come at the cost of decentralization of the industry. They'll want to take control of the market so they can manipulate it as they do to other markets that they're fully Involved in. Who wants Bitcoins to become mainstream? We all are happy with the current status of bitcoins. We know how valuable Bitcoins are and we know how to take maximum profits from it. Bitcoins are limited in number and hence very rare. So we don’t want it to become mainstream or become legalised. We will just accumulate the coins and when the price goes up we will sell in very high price.
That's not what we want, maybe that's what you want but the industry want Bitcoin to get more global adoption by going mainstream, if we're talking about profit we'll make more when Bitcoin gets more popular because that'll exposed the currency to more investors and they'll invest thereby increasing the value of Bitcoin and we (the early investors that bought Bitcoin and hodl) get more profits. More global adoption does us more good in everyway because we get to get more opportunities to not only Invest in Bitcoin but spend our wealth globally without having to convert it first to fiats. When Bitcoin get globally accepted, you can use your Bitcoin more frequently than how you can use it now because there'll no limitations. |
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