I believe Satoshi had big dreams regarding Bitcoin, and he knew Bitcoin would change the society, but I think it went above all his expectations
Bitcoin did not only change society it also became a tool for financial freedom
People who had the foresight bought bitcoin in the early stage, while others had to tag along as time went on
Bitcoin exceeded everyone's expectations

I'm happy you know that investing in Bitcoin is not a get rich quick scheme
I myself recently started
I was into alt cryptocurrencies before, but I had the opportunity to meet someone who taught and told me a lot about Bitcoin
Now
I'm also very happy you are starting young. I wish I knew better back then. I would have started in the early days
I would advise you to take your time to research more about Bitcoin. It's not just about buying Bitcoin. There's more to it, so I was told
Try to understand how it works, risks involved,how to save you seed phrase, the list is endless
I know this may sound unnecessarily stressful, but I believe this forum will come in handy in that aspect
I have been going through the forum during my free time and actually found a lot of interesting topics that have helped
For instance, I saw a topic talking about how a person was scammed. I had no idea someone could be scammed that way ( from an online account)
You could also try reading some books on it
Most importantly, don't use all of your income. Use an amount you don't need at the moment
As my friend will always say, investing is a marathon, not a race

I wish you good luck on this journey you are about to embark

1 i believe the segwit protocol was implemented between 2017/2018

2 average size of a block is 1mb

3 yes, that is true
true

4. I don't know this one

5 because he is unknown (easy)

6 I don't know, I just joined

7 2015

8 😅😅

9 I think between the rang of 50-60 I can't remember the actual number

10 due to the way it was coded, making It unspendable

11 2007

12 yes of course

13 false (I think)

14 true

15 true

I dey really grateful for all of una help im very happy to know that I'm not the problem just that na so e dey be
Me self I go learn to dey patient ad una talk
And I go try ro improve the quality of my post and also follow some few points wey people don drop for me here
Una happy new month

good day my brothers and sisters im very sorry i created this thread here but i dey fear say if i put am outside i go receive plenty backlash person wey tell me about the forum tell me say na so dem dey do there
But i just wan beg for una advice i know say i never stay long for the forum but according to what i read i will receive merits if i create quality post i have been doing just that since i entered this forum or are my posts not meeting the standards of the forum please if you can please enlighten me if im doing something wrong
thank  you for your time

On 31st October 2008, Satoshi Nakamoto officially introduced Bitcoin White paper  to the general public as a peer to peer electronic cash system
This crypto currency has come a long way from being a digital experiment to now becoming a global sensation
Although it wasn't easy but she fought her way through all trials and tribulations and against all odds Bitcoin is now the number one cryptocurrency and has reached a market value of over $1.4 million making it the 10th largest global asset and can be regarded as the new digital gold
It is well known to be the best currency for financial freedom
Well, all these won't have been possible without the great Satoshi Nakamoto
I'm happy I purchased my first Bitcoin, and I'm proud to call myself a bitcoiner

Yes
Neither the owner nor anyone else will have access to the coins
Well atleast it's not with someone else

In the early hours of today, the x owner (Elon Musk) made a post on twitter showing he's support for the doge coin
Well in my opinion I'm happy he did this because this will not only increase the awareness of doge coin to the public but will also increase the trust people have for the cryptocurrency
Hopefully this will be enough to show people that doge coin has never been a shit coin

https://x.com/elonmusk/status/1850718973564006767?t=3AZXJZATpJMud32ZCCltxA&s=19

Firstly, let's try and understand what this law is talking about

This law is basically trying to explain to us that when 2 currencies(bad and good) have equivalent value is available in an economical system, the bad money will eventually drive out the good money from circulation

Secondly, let us understand the difference between the terms "good money" and "bad money
Well, by the law, I think good money is referring to money with more value or better quality
While bad money has less value in the economy

Now let us understand why the bad money ends up overthrowing the good money
And to me, the fundamental reason for this according to what you explained is due to the fact that people tend to hold the good money to themselves and spend the bad money and this will eventually lead to bad money being more circulated than good money

Now, to the matter at hand
You believe that this can end up happening to Bitcoin, but I'm here to tell you that you have nothing to worry about. This law can't apply to Bitcoin
Why? You may ask
Well
1-by the definition I made, they said 2 currencies of equivalent value
Bitcoin has no mate, has no competition, and has no other crypto currency with equivalent value
I know you may say fiat can be considered it's rival but to me, Bitcoin itself is above any fiat, or is there any currency that a single unit of it costs $67,000
Well, if you still have doubts about that reason, let me go for 2
2- Bitcoin is limited, unlike fiat, which can be printed endlessly by the government
The last point I can think of would probably be the fact that Bitcoin, unlike fiat, is a digital currency so.i ser nor reason why this law can affect Bitcoin

The only scenario where I think this can occur is if there's a law worldwide that is basically against Bitcoin and causing fiat to be more favourable to Bitcoin

In all sincerity, I pity people who still have doubts about bitcoin
Bitcoin has proven itself over and over again
The price of Bitcoin was literally around $20,000 just 2 years ago and now has hit a mark of $67,000 this is double the initial price there are only few investment options that can actually render you such a profit in such a short amount of time  what other proff does a person need
Well, I consider such a person as being foolish and ignorant, and I don't even bother convincing them to invest in bitcoin
Bitcoin has been on an up trend for years and is still going, but you still do not want to invest in it?
My prayer is very simple : Bitcoin keeps rising and keeps proving doubters wrong

I'm dey really grateful for all una responses and I like as una nor treat me like outcast because say I be newbie
Well this matter be just dey my head but now.i Don understand how companies take dey do am

Thanks everyone

In as much as i am a Bitcoin lover and have more Bitcoin than any other cryptocurrencies i won't say I would be happy to see Ethereum collapse
I, for one, do not consider Ethereum as a shit coin, but rather, I consider it as an alternative to Bitcoin
One thing is for sure Ethereum will never be able to surpass Bitcoin, but it still has a lot of potential, and is one of the few cryptocurrencies that has actually been doing well aside Bitcoin so i believe Ethereum will actually get back on its feet sooner than later this is just a rough time for the cryptocurrency

"Bitcoin is well-known and trusted because it is decentralized and not controlled by a third party. If Satoshi (he/she/they) were to reveal himself, I think it would kill the entire purpose of Bitcoin being decentralized. Although he may not actually be able to control people's Bitcoin, there would be a number of people who would doubt Bitcoin if he made himself known. Additionally, it would have made him a target, especially for governments and organizations. So, it's pospossible that anonymity was chosen for the creators safety

It just shows us how smart these fraudsters are actually becoming and how they have adapted swiftly to these things soon new precautions will have to be taken or else more people will fall victim
Before now I download apps from.play store with all assurance that's they are safe bur since I came across that article it really made me to think about some of the decisions I've made or some of the apps I have downloaded
The only thing I can say is we should try to be more careful and do.more research before engaging into something new
Because the fact that the app made it to top 100 really shows that no one is safe anymore
Stay safe

Well let me just summarise it
I didn't actually join the forum for a noble course like some other members here I was duped recently of some of my cryptocurrencies so a friend of mine advised me to join the forum and told me that if I had asked questions on the forum before engaging in some of those activities I would have been able to avoid being scammed
So yhh basically I'm here to acquire more knowledge abd experience from people who have been in the game longer than I have and hopefully be of help to the forum in return

First thing you need to know about bitcoin and cryptocurrencies as a whole is that its not a get rich quick scheme
There are different aspects of cryptocurrencies but the main 2 is buying of a crypto currency and holding on to it until the price goes up in as much as this is very easy to engage in, it takes time and it comes with a lot of attributes which you may lack as a beginner 1 of these attributes is Patience
Because you are new to investing you might see the value of your money depreciating and decide to sell Because you are scared this literally leaves you will less money than you initially had
That aside any attribute is the tendency of you getting scammed
Trust me the rate of people getting scammed recently has surged over the passed few years and you can actually fall a victim don't think that you're very smart because the fraudsters have also developed smarter ways to scam you
So before you even attempt to invest you should make sure you seek proper information ask questions don't be scared to do that its better safe than sorry and you are actually in one of the best forums to gain these knowledge from people here have all the experience you need and are here to help you out when you need them just be respectfully

Another way you can make money through cryptocurrencies is by taking advantage of the volatility of the prices of these currencies this is known as trading I'm sure yiu may have heard of it
In as much as it is a very fast way to make money it is also a very fast way to loose money as well as a newbie I won't even advice you to venture into the world of trading right now especially considering the fact that you are in urgent need of money

So my little advice to you is to venture into something else for now since you're in desperate need of money and when things get better and you have some money you can afford to loose either to trading or to investing then come back here I'm sure people in this community will be happy to guide you through on what to do and steps to take

This advice is actually for everyone despite the rank because the country doesn't care about your rank😅 nether do the sellers at the market who sell things at outrageous prices
Well recently my dad lost his job and although my mom works but depending on just her had not been easy we have had to cut out alot of expenses changed some kind things etc and it has not been easy for my dad
But imagine if my dad had more than 1 source of income surely it would have not been this bad
It's not bad to actually have just 1 source.of income because sometimes just that 1 alone drains the life out of you but I think the best thing you can do for yourself is to have a plan B because anything can happen

Then you see people who fall under the category of full-time house wife and leave every single expenses for the man omo anything can happen oo I won't even advice that in this age because if any thing do your husband or his job it won't be funny

Let's put heads together and actually analyse this thread of mine I understand that if more and more companies are to accept Bitcoin as a means to pay for goods and services ots good for Bitcoin and Will have positive impact on Bitcoin but if we look at it from some other angles as a business owner I don't actually find it totally worth the risk because in as much as Bitcoin’s price is always going up.and it is considered a.form of investment the price is still very volatile and you have a business to run
If someone pays 1 btc for a goods you offer (I'm just making an example)
And let's say the cost of the  good is actually equivalent to.the price of.that Bitcoin what will happen when the price of Bitcoin is in a bearish trend won't he be in a lose for.that good or.will he just have to hold on to.the btc till the price goes up but if he does this he has a shop to.run and needs the money to get more goods
Abi na lie I talk
What is your take on this?

Hey everyone
Username:Trilli7777
Gender:male
Country :nigeria
I'm glad to be here hopefully I do well on the forum I've heard alot about how some people are mean on the forum and how I need a thick skin to survive
Omo I nor get thick skin oo I go just cry 😅
Hopefully I develop it soon

In more news, please be careful when using these apps. There has been a surge in the amount of fraudulent apps now available on the Play Store and apple Store

Polen CM, another fraudulent app, successfully scammed some people even after being flagged
You can't blame the individuals as some of them may not be aware that these apps are fake,
So please do well to stay safe and try and find more information about an app before entrusting it with your money

https://x.com/pooniawalla/status/1850095709023793616?t=PP3TtocyLgoFVihN1JEhAw&s=19