Question of thought...

I made a research recently, i found out that Bitcoin reached nearly $19,500 in 2017 and later fell below $3,300 in 2018.
Source https://www.forbes.com/advisor/investing/cryptocurrency/what-is-crypto-winter/

1) would've other crypto's survived during that time ?.
2) Why do Bitcoin survive during crypto winter and other crypto's finds it difficult to cope ?.

Everyone to his/her opinion.

But why should someone wait for interest rate to go down before buying bitcoin ?
even if you are going to benefit by buying bitcoin for low interest rate.
My question is -
is the time worth waisting ?
will the interest rate fall to the perfect rate that suits you ?

Let's not be ignorant, and capitalize on every given opportunity. Buying bitcoin anytime makes more sense.

I have been waiting to discuss something like this.

The government keeps taking advantage of us by creating an atmosphere where we do what they say.
Thank goodness for platforms like Bitcoin that has elevated so many people out of poverty. Bitcoin has now made people take control over their own asset.

Some Banks limit average citizens with the amount of withdrawer, while the rich can gain access to massive amount, but with bitcoin coming into the picture, every man can easily and accessibly get their asset.

Inclusion, there are still some greedy government that are not ready to make Bitcoin a legal tender asset, but poor citizens will find way to access Bitcoin and make it out of poverty.

Exactly, that was the reason the central bank in my country ban transaction of crypto to local bank, trying to increase poverty and suffering among the people, telling us that crypto is fraud.

High rate of crypto illiteracy still makes me sad.

I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.


My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.

Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.

What's your opinion ? .

Well, i don't have much to say.

But i think you wouldn't want to be anonymous while dealing with country own data, (e.g - creating of bank account,  national identification numbers, House address and others...) .

In terms of internet, anonymous would be a little bit difficult because of gmail, KYC verifications and more,
Even if so many people has fall into creating multiple or fake gmail accounts, face verification has started coming into the picture.

A private blockchain is controlled by an organization that works alone and only verified members can join their network.

A public blockchain is opened to everyone that is connected to the internet.

That's fair bro.

Even from the little you have, most people thinks that they need to have much before dishing out, but the truth is that if you can't give from the little you have, you won't be able to give when you have much.

Keep up the good work.

You are talking about creating a system to make scam harder.

Don't forget that bitcoin is not the only coin that uses block chain, Altcoins also used block-chain.
I am not in support of fraud or scam, but come to think about it, if bitcoin introduces traceable transaction into their block chain, will all coins do ??

Let's be realistic, Most transactions done on the dark web are more massive than the legit transfers, Dark web and dr*g activities produce more money that brought most crypto to their main level today.

And one thing i have come to noticed is that " Most people buying bitcoin and other crypto currency, just want to see an increase in price in months/years to come".

These set of people don't even make proper research before buying, they don't get current info after buying, all they want to see is the accumulation in price of their Coin been bought.

Not just bitcoin.

This is also applicable to other aspect of business - "marketing research before investment".

And note -
Not all traditional currencies are affected. Some countries have done more than enough in making their traditional currency stand out e.g (US dollars and Euro)

Congratulations bro.

This might seems small for those that has passed the stage, but it is massive for newbies like me.

I love your sincerity about lossing huge amount, not every one would admit they lost, you've come a long way, I hope i achieve same as you.

Congrats once more

In just concluded first quarter of 2023, Russia becomes 2nd most powerful BTC miner in the world generating 1 gigawatt mining power, after overtaking Kazakhstan.

No doubt, US remained in its position as the leading country with the most mining power, as it generates 3 to 4 gigawatt mining power.

Even with the current situations, Russia has proven that they can survive and make progress regardless of the situations.

what's your opinion ?

Crucial Topic.

Custodial wallet is a type of wallet that requires a third party to takes hold of private keys on behalf of every user.
Which makes asset more secure, because only the third party and the user knows the private key.
In a case where there is missing asset, the private key must have been shared to someone outside the third party and user.

As for Hardware wallet, just misplacing it could put the user at risk, because no third party to help checkmate the security.

Congratulations.
This shows that you've been consistent and ready for a life changing opportunity. it's just a matter of time.

Just keep update with bitcoin and figure out other trading tactics inorder not to make a loss.

Nice topics

But from my own opinion, the moment bitcoin transactions can be traced, lots of people will start lossing interesting.

I agree that so many people uses crypto for fraudulent act, but introduce means to trace them would be a bad idea.

Every decision we make today in dealing with bitcoin and other crypto currencies might have decisions in our lifes later.
We shouldn't jump into gold and silver just because they they've good market values, first you study, ask questions, before making approach.

I totally agree with this writer and the post.

Poverty has deprived so many innocent people from the good of life. I know so many users on this platform won't understand because they've made so much that makes them different from those that don't have.

Even if i am not a muslim, i think we as humans should show care to those in need. Lets put religion aside and do what is right. No man in life can eat all his wealth.

In dust we where made, and in dust we will return.

It is important to keep in mind that the cryptocurrency market is quite speculative and volatile and before making an investment in bitcoin and other crypto currency, investors should do extensive research and take their risk tolerance into account. 

Market demand and world economic events are some of the variables that might impact the price of bitcoin.
Also, it's crucial to remember that investing in cryptocurrencies has risks, so buyers should only make bets they can afford to lose. 

Excellent topic.

I remember working in an hotel as a receptionist. A customer booked for a room and paid with bitcoin. He didn't inform me that he paid with crypto, so i taught it was a normal bank transaction.
I tried checking for his payment, but didn't receive it on time. The transaction came very late after waiting patiently.

My main idea here is that for crypto currency transactions to run smoothly, Crypto Companies and local banks should figure out ways in which this transaction runs very fast.
Because, the more in delay of every transaction, the more users loses interest.