wow this is a very great news, i see plethora of good and great happenings happening to the crypto community lately, that has a smiling and cooling effect on me.

There is a principle of trend i propound it goes this way;
when a trend becomes trendy, it is already too late.

Every organisation that has good team knows that the next financial revolution is cryptocurrency. So, if they don't take advantage of first mover, they may be negatively affected.

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As Adams Smith wrote in his famous book "the wealth of nation" he stated as i paraphrase that the service of a butcher is not to the benevolence of the consumers, he does it for a selfish interest.

This is means that every business is operated to make profit. One of they ways they do this is through continuous innovation. You know a business that will continue to survive and win in the market must innovate ad infinitum.

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I have been reflecting on the combined outcome or the compounded outcome of the recent happenings in Bitcoin adoption.
Here is my reflective thought.

I have relearned that btc price increase will not only be caused by the four years periodic halving.

1.   The btc halving was a major cause of btc price increase because it reduces the number of btc supply by ½ in every four years.

2.   The Adoption of institutional Investors: I have realized that btc will continue to rise and perform well as an asset due to the activities of these powerful financial entities. By extension, that means btc price will rise and the value will increase more frequently.

3.   The Elon Musk and Public Corporation Adoption: I feel this factor is higher in ordinal ranking than factor 2. With the investment of $1.5 bn by Tesla in btc and acceptance of btc as a means of payment for its product has led to the surge in the value of btc. By extension, other companies like mastercard, Amazon, Uber etc will follow such epic leadership.

Deductively, btc has a very powerful growth force supporting it. So, if one should predict that it will rise to $100k this year I am not surprised.

What do you think? 

This is not a good news for our economy (Nigeria). I don't know why Nigeria always like to be the last to explore a beneficial technological trend such as the blockchain and the cryptocurrency.

I read in another Tweet on the 11th of February 2021 that the Senate has summon the governor of CBN, Godwin Amiefele, to answer some questions regarding the probable impact of cryptocurrencies to the economy and why the ban.

At a time like this when Kenya had provided regulatory guiedelines as regards crypto and express their support for it, Nigeria is still sleeping.

Hmm...

While that is a very bold vision and a noble that will be supported by the young, here are the two reservation i do have;

1. The Minining of btc and other cryptocurrencies consume high rates of electricity. This does not support environmental sustainability and the fight against climate warming.

2. if he wins, he will become a political leader and not a business man. So, what i feel he should have said is that if he wins he would make policies that will promote btc and cryto businesses.

Well, it will be great he wins.

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Politicians use promses durng electioneering campaigns as leverage to get to the position. Most times, power corrupts and absolute power corrupt absolutely. So, they may decides to change their mind once they get to power. You see what Donald trump became after he won the election to become the president of the United States of America.

Well, he may change his mind, who knows. what can people do when he does that?

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Wow, this is one of the outstanding and amazing news of the week.

i use to think that CB use to keep their money in USD and gold reserves. Is this one an unconventional practice for SNB to have his reserves in equity of companies such as GameStop.

There is an Israeli professor of economics that wrote one time that Speculation or arbitrage is a form of entrepreneurship. Well, the goal of SNB is to make money, as such it has to be entrepreneur in strategy.

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What a line of good thinking that spur reflection. Come to think about it, fiat money has existed in digital format for a long time, when there is a need to print money, i feel what need to be done is to add digital numbers to the amount of money supply (MS). So, i see that there would be very slim difference between CBDC and the current currency. The only difference may be the technology supporting the two and what the people use it for.

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One thing i love about Kenya is that it provides an enabling environment for her entrepreneurs to thrive. I wish Ngeria follow this leadership of Kenya and their school thought regarding Cryptocurrencies.

I know that the IMF always ask developing economies to devalue their currencies as a requirement for IMF loan. I feel with crypto business activities, there would be more flow of digital hard currencies such as btc.

Wow, that is absolutely a great financial advise. I did a course lately on personal finance,  was told that i need to save to invest in order to be able to meet my short and long term goals. That is also in line with The book The richest man in babylon.

Connecting these two sources to your thread, what one needs to cultivate a habit of investment is discipline. It takes discipline to save and invest, but it take indiscipline to squander the money. Thanks

I have two reasons why btc will never drop as slow as that $20k again. This is the same thing i told my friend who invested in btc and he dscovered to be through after like two weeks.

1. Due to the adoption of institutional investors and their investment activities btc would always be rising at a frequent rate than when it was only halving event that usually lead to its surge in price.

2. The corporate adoption factor. We have started seeing great events happening around btc. The first was Tesla moving part of its balance sheet to btc and announced the acceptance of btc for Tesla product payment. Now when other companies follow suit it will lead to increase in the volume of btc transaction.

Hence, i am not sure if btc will get to that very low level.

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To me, i feel he may be waiting without ever seeing btc correcting to as low as $20K again, though it will correct but the correction will be higher than that.

If i were him, what i would do is to determine a percentage of correction, once the time comes i will take position.

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That is through, this is because Uber is more like a utility company as we have our water board and electricity companies, we use them always. If this plan work, i also see that other aggregating digital companies such as Amazon, Facebook and Google will follow suit. You follow what the consumers deem good for them.

To me every company have different aversion to risk and different investment philosophies too. While Tesla may be very eager and ready in investment in volatile asset like btc, others may not have that gut to do that. You know Elon Musk is always associated with big things.

If Uber should accept btc as a means of payment it does have great impact. The impact is that a publicly traded company is accepting btc as a means of payment, others that are yet public like the SMEs will follow in smarm. It is a sure great news for the btc community.

Michael Saylor is a great guy and i think he believes in the future of finance and currency to be defi and crypto respectively. I also believe he was responsible for Tesla investment of 1.5 USD into bitcoin. He once tweeted where he asked Elon Musk to move part of Tesla balance sheet into btc, he added that he would love to show his playbook with Elon Musk.

He is one of the advocates of bitcoin that has really helped bitcoin achieved alot in few months.

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 i went through the course and  i saw its relevance from two perspectives.

1. it helps to educate people on the economics of bitcoin, which is what the world really needs to know.

2. It also help to educate people on the technology of bitcoin, which is like the second equal halves of a probability.


With this knowledge many people will be able to judge accurately what btc is and what it is meant to do.

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Great news and congratulations to you for that. But, i do have a lesson for everyone from this winning investment story.

Lesson 1: He was held his investment until it got to the price appreciation where he was ready to take profit. We can only make profit via bitcoin investment if we are patient to HOLD and also be attentive to TIMING.

Lesson 2: He avoided GREED. He took his profit when he discovered that the time was suitable to do that. He would have waited more had he became impatient.

Hence, having the patience to hold and the ability to suppress greed, given the right timing are critical to success in crypto space.

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Good advise. But, i believe what he should do in this case is to take his capital, and then reinvest the profit or part of the profit. who knows he might have needs that are pressing to meet with the return from the investment.

Also, still having some btc is a huge asset for the future. so, it will be great to reinvest back and wait for more appreciation.

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I support the need for Nigeria local board for many noble and credible reasons.
Before stating the reasons, we should know that Nigeria is one of the leading countries in Africa in terms of crypto usage and adoption.

Here are the reasons.

1. We need to regulate our community. Since there are many players in this space, we need to introduce authentication to the crypto transaction. One of best approaches is the establishment of local board. This will help to facilitate exchange and members of the platform will acts as escrow.

2. We need to build a TRUST SYSTEM in our crypto system. Hence, we need a local to act as a trust system.

3. I am a copywriter as such many in Nigeria like CryptopreneaurBrainboss and others may need my services either to write copies, do research or write a whitepaper. We have other experts that are good in many other skills that can be valuable for everyone in the community.

Hence, I support 💯 % the establishment of a Nigeria local board.

I am a Nigerian 🇳🇬

This article is like analyst recommendation or perspective of what Apple Stock price will be it invest in bitcoin. Well, Apple is a very great company in the tech space, which we all know that the crypto and blockchain are part and parcle of the tech.

Apple has a history of performing better when it enter a new industry, like the iTune, when he entered the podcast industry, the Odeo Corporation could not continue due to the stiff competition.

If things go as they predicted that means that Apple would make good money for its sharholders.

To me i see this move to be beyond moving the market like wales. I see this as a trail blazer and a pace setter. being the first publicly traded company to invest in Btc means he has created a new way of investing for others to consider.

By being objective about my analysis, i feel this would create an enormous growth for btc. In the coming months, we shall see how other entity will follow suit. Congrats to the btc community.

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Which is very true. We all know that Dogecoin is created purposely to be used for jokes. So, making fun with it by anybody shouldn't be an issue because that is its original purpose.

But, btc is not created for joke nor for entertainment, so its for serious investment such as this by Tesla.

Hence, while Dogecoin is for serious joke, bitcoin is for serious investment by serious entities like Tesla.

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I have always been told by mentors and coaches that the way to the top is from bottom. what do i mean, the first thing to do when you want to make the big buck in crypto is to seek knowledge. if you are not knowledgeable about this space you will likely fall to scam and you will part with your cash.

when that is done, here are the ways to make money.

1. Be a crypto analyst

2. Be a crypto trader.

3. Be a crypto investor.

when you know how to do this very well, you will start your journey to making the big buck in the crypto space.

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The probability of gambling success is to me is 0.0001, very slim. So, whoever that want to use gambling as a means of making the buck in crypto might end up gambling himself out of the industry.

Even though you want to gamble, be the expert in it. The common denominator of expert is Knowledge.

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I love the Nigeria for certain reasons;

1. The youth are very creative and are highly adaptable to prevailing situations. When the CBN issued the circular restricting cryptocurrencies transaction in the country, the youth took over twitter to discuss how possible they could continue trading crypto. Honestly, crypto is one of the opportunities for the young in the country.

2. The Youth are very outspoken. During the EndSars protest, they spoke against the government that lack the adequate leadership skills to lead the country to an enviable height. so, this digital right lawyers will support the youth in terms of how to properly regulate the space.

But, how do you regulate what you lack sufficient knowledge about?

This is one of the greatest event to happen to the crypto industry. t is the adoption of btc by the world's richest man.It is beyond adoption, he invested and he is making it as a means of payment for his products. wow, i am very excited about this.

no wonder, he said during the club house event, that he was late to the party but he is a supporter of bitcoin, that btc is being adopted by the public. I also see how strategic is Michael Saylor in ensuring that Tesla invested in digital assets.

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Another perspective which will act as guide is that during bubble mostly created by Elon, must people tend to dump after few hours, so, those following such trends should not be victims of such massive dumping because when it happened the price crashes.

Though, there is huge value in trending but that value is only in timing.

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This is a very great news and a big congratulations. Well, here is what I can deduce from this smart investment decision.

We should sell when we feel that the profit is good enough, and it's covers the cost of Time Value of Money.

That's one of the smartest ways to minimize risk in any investment.