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1  Bitcoin / Bitcoin Discussion / Ukraine passed law to Legalize Bitcoin what does it mean for Bitcoin? on: March 16, 2022, 07:45:38 PM
Ukraine passed law to Legalize Bitcoin and crypto will have a positive impact on Bitcoin and on the crypto space.
The impact might not be seen happening immediately in the market but significant impact will definitely come.
This in total has a positive impact for the market in general.

Benefits of this Legalization
More countries will now pay very good attention to Bitcoin adoption unlike before and follow suit.

This will give people clearer picture of where we are heading to as most people are still doubtful of this very Technology.

Is this a great footstep taking by Ukraine Government to Cushion the effect of this war in your opinion?


https://www.coindesk.com/policy/2022/03/16/ukraines-zelensky-signs-virtual-assets-bill-into-law-legalizing-crypto/
2  Bitcoin / Development & Technical Discussion / Issues I Had With Bitcoin transaction As Newbie on: March 15, 2022, 11:39:15 AM

What issues have you encountered with Bitcoin  transaction and How do you think it could be improved?

One of my odd experience I had as a newbie around 2014 with Bitcoin Network transaction when I started using Bitcoin (Blockchain technology) are as follow;

[1].Sending Bitcoin to a wrong address that has never been recoverd till date.

[2].High transaction fees.

[3] .Having to wait for almost more than two days for a transaction to be confirmed.

              How could this issues be improved ?
My ideas......

‌[A]. Bitcoin transaction (Blockchain technology) in my view should be improved in such a way ,
That modifications can be to either where a wrongly sent transaction could be reversed when sent to a wrong address,

‌ The system could be improved in such a way that a unique name be attached to a partular address and anonymously the system would detect immediately that the name and address do not tally and hence tag it a wrong  address, A system where this  mistakenly sent transaction can be reversed if requirements for such reversal are met should also be created.
For example
 imagine having billion dollars transaction mistakenly sent to a wrong address where there is no system in place to reverse it.

.High Transaction Fees.

‌More system should be created to help cut down the transaction fees incurred when during a transaction so that someone can pay almost zero in the transaction fees.

‌What's your Good Ideas to solving Bitcoin transaction Issues let's discuss.
3  Economy / Trading Discussion / My Trading Strategy on: March 03, 2022, 02:22:59 PM
For many years of trading ,I have been looking for the perfect trading strategy , but I came to realize that there's no perfect trading strategy but you can create a rule base strategy that works when you decipline yourself and follow the rules even if at the end of your analysis and it finally becomes a lose trade, you're gonna be fine because you followed the rules base system you set for yourself and not trying to beat or out smart the market.
It is known that no one can actually predict the market but we can only react to the current market situation.
     All these years of my trading journey, I incurred huge number of loses and still never give up because I have passion for trading ,
I used most of loses as part of lessons until I developed a Rule Base trading system that works for me called..
                        "CEST"
Condition, Entery, Stops and Target.

Note:This is not a 100% working strategy because there is no strategy that works 100%. In this my trading system I ensure that all terms and conditions are met before I take any trade, Once this conditions are met,
Added to my strategy is...

"DCA" Dollar cost Average

In this DCA strategy what I do is using lowest X leverage and increasing my leverage as the market continues to have a pull back until my terms are met.
  for example..

let say I want to take a  trade on BTC with a maximum of 10x Leverage, my entry will be split into 3 or 5 depends on your trading capital, then I set my first buy order in these method.
A. 1st entry 40k with Isolated margin 2x leverage 20% of my capital,

B. 2nd 38k 3x leverage 30% of my capital and

C. 35k 5x leverage 50% and this is  base on demand and supply {support and Resistance} zone in the market, this is because most at times the market does pull back lower than your initial entry point,
should this be a profitable trade, you will realize that before your 1st entry point you're already on profit even if the trades turns out to be a lose trade it not gonna be same as taking a one time trade at 10x leverage at around 40k.

 Added to this, is Confidence and Patience.

How do you gain confidence?.
You gain confidence by backtesting your strategy with historical data not to check the amount you can make out of the but the amount you can lose and consistency of your trading plan.

 All these with other rules has helped me over this years become a more profitable trader than I was.
4  Bitcoin / Bitcoin Discussion / The Impact of Ukrain Bitcoin Donation and Support. on: March 02, 2022, 04:53:09 PM
Bitcoin as we may know is yet to embrace mass adoption and it still under valued asset class, but before this Mass adoption could take place there are series of events that could happen to trigger the very adoption we have been looking for, And such events could be pestilence like that of corona virus , high inflation rate, wars and Economic sanctions that could cause some fiat currencies to lose their value due to Economic sanctions impose on some countries.
Example of these, is that of recent sanction imposed on Russia which have caused Russian ruble to decrease in value  and will push some of investors to start looking for alternative way to hedge their funds in some asset class such like Bitcoin and other digital asset.

The impact of Bitcoin Donation to Ukrain.

[1.] The donation and support of Ukrain using Bitcoin and ETH has a significant impact and have also increased mass adoption.

[2.] The increase in the demand for Bitcoin recently to support Ukraine brought about a slightly increase in the price of Bitcoin.

[3.] It has also created more aweness for Bitcoin adoption hence causing people whom might not have heard about Bitcoin or  transact in
 Bitcoin, buy Bitcoin in order to render support or donate money to help the people of Ukrain to survive.

[4.] These will also attract the attention of some countries Government Authorities to  find  way and make laws to regulate bitcoin in their various countries and hence make Bitcoin easily accessible for their citizenry.

[5.] With the recent sanction imposed on Russia, Some countries will began to see Bitcoin as a store of value and alternative means for transaction to avert possible sanctions that could be impose on them and hence use Bitcoin for international transaction or even adopt Bitcoin as a legal tender like El Salvador.
        
In conclusion , though the Ukrain invasion has a negative impact on the people of Ukrain and it's residents, it also in other hands has a significant impact to the Mass adoption and aweness of Bitcoin.

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