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We've had some discussions here regarding fix matches being real or not, but today something astonishing happened where I was watching today's game that made me start to believe this narrative about fix matches being true.
Today someone came in where we were watching the Crystal Palace vs. Liverpool community shield game, a fan of Manchester United, and joined our table of discussion. As the discussion was on going, the supporter said his friend gave him the Liverpool vs. Crystal Palace match to bet as a fixed FT draw. Most of us did not believe it until he showed us where he staked the game, and at that point Liverpool were already leading by 2:1, so he said he was about to lose #100,000 (Nigerian Naira), but he's not worried because there was an agreement they had that if the game did not play, his friend is going to refund him. Particularly, I do not totally believe in a possible fixed match of a thing, but to my gratest surprise, I couldn't believe how the game ended in a 90-minute draw.
According to the guy, he said this is not the first time, that he's friend trust he's source, whereas he never disclosed any information to us upon our efforts trying to get more info.
Any similar experience?
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Rumors about the lunch of Trump meme coin, the first meme coin to break a dollar and it hasn't been listed in major exchanges, having some liquidity taking out from Bitcoin into the Meme coin, however I saw the Trump meme coin count down about getting listed in the perpetual contract side on Bybit exchange. People are saying that this lunch was targeted at lunching when the SEC office was closed over the weekend and Gary Gensler is about leaving office, pre-Inaugration. Though there is no clear confirmation about wether this news is official or not. Anyone with insight as regards to this news should throw more lights. https://x.com/realDonaldTrump/status/1880446012168249386?t=H9hkprSmswf5MFwc2WNP0w&s=19
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Now that we have officially confirmed the bull market by breaking above previously ATH again.
But this, to me, is just the beginning of the party. However, one issue is that some of you may end up giving back the market all your profits by being too carried away or too excited about the ride.
Rules to try to stay safe
1. Remember to take partial profits when you can.
2. Don't trade against the trend if you are a trader, I prefer hodLling
3. Don't FOMO in while the price is pumping, wait for retracement, so you don't become the exiting liquidity. Take advantage of the price pullback because they will definitely come if you haven't bought any crypto yet.
4. Don't keep funds on a centralized exchange after trading if you're a trader and, for investors, don't store your cryptos on exchanges, learn from the FTX and Luna collapse.
5. Don't be in a haste to deposit and withdraw trying to catch the pumps, always remember to verify each depositing and withdrawing addresses before any transaction.
And while depositing on a newly created wallet addresses anywhere that you have never sent funds into before, please you can consider sending small amount first into the wallet and confirm if you can be able to deposit and withdraw in that particular wallet if you're doing a bigger transaction, else you may learn the hard way.
Lastly, Remember rule No. 4
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Looking at these couple of events coming months and years ahead of us, could drive Bitcoin way up more than our various expectations. Major Key events like MicroStrategy to raise $42B to buy Bitcoin in ‘21/21 plan’ over the incoming three years. https://cointelegraph.com/news/microstrategy-42b-capital-bitcoin-purchase-michael-saylor• Trump's Biggest Boon to Crypto Would Be Passing the Bitcoin Act: CoinShares Under the proposal, bitcoin would be established as a strategic reserve asset and the government could buy up to 5% of the cryptocurrency's total supply, the report said. • CoinShares said the bill, if adopted, would give bitcoin a similar reserve status as gold. • The passage of such legislation would lead to significant governmental and institutional interest in bitcoin, the asset manager said. https://www.coindesk.com/policy/2024/11/07/trumps-biggest-boon-to-crypto-would-be-passing-the-bitcoin-act-coinshares/My thought Looking at these key factors over the coming years, And the Institutional adoption and their continuing in buying of Bitcoin through ETFs. Secondly, other individual countries may follow suit, and looking at the fact the direction that the US government has taken in adding Bitcoin to their reserve and may start Buying Bitcoin to add into their various reserve portfolios. This way, Bitcoin won't have a breathing space going forward when such demand will be taking place other than to experience a significant rise in its price since the demand is on steady increase, coupled with a reduction in supply.
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Aside going to the stadium to watch life matches, I have seen this often happen, including me going outside to watch football games, whereas they have television set and subscription intact, yet they prefer going outside to watch football matches.
Here is my reason, for some games I don't normally enjoy watching it alone, especially when it comes to final games, Champions League, El Clásico and any clash of rival teams. Secondly, I used to enjoy that shout … Goal.....by viewers and supporters watching that comes immediately when a goal has been scored, so to me, it's boring watching football matches alone.
So which one do you prefer,
Watching football alone or watching in a beer parlor/view center?
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The goal is to play safe and not to make you rich, but to increase your chances of winning and minimize your losses and to avoid going bankrupt. Each gambler should bet according to your bankroll, let's say risking 1-3- percent of your income depending on what you can afford to lose. How it works, Before you start betting on crash games, study the pattern of the game for about a week to understand what that plays most of the time. Choose a profit target, let's say 1.5x - 5x, basically for me, I target nothing less than 2x - 5x profit target, and this is base on the strategy and the platform that I use, different platform varies with their crash Elevator games but study what works in the platform that you use. Note that in this casino crash games it all about strategy and luck, and nothing works 100% don't be afraid to take the risk when opportunity present, no risk, no reward, but moderate risking taking is the goal. Maintain a particular staking amount and can only be increased way up to 3x the stake amount when you find an opportunity to place a bet For instance, let's say your normal stake is usually $5 to target 2x multiplier, if it failed do $10x immediately and target 2x, and if it eventually failed the second time, do $15×2, if this cuts, then rest and take the loss and wait for another pattern to show up and never try to chase back your loses without seeing a pattern, but if this 3rd bet or round is eventually in the money, this way you have recovered not just your capital but also have made some profits 2x your stake $15x2 - $30. Now, it either you take a leave for next day or wait for the next round if you would want to continue betting. Ensure you have a target profit amount and loses amount your willing to take, and the way I approach it, whichever one that I hit first, I turn my system off and leave for the next day.
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For the majority of people in the gambling world, it's not always easy to handle a loss, let alone encountering a losing streak up to 5 times and above, This scenario happened recently, during last week, I chose some games that ran from last week down to this week and all my games was in the red, as the league competitions and the European football season of 2023/2024 has just ended and the games we have now on going happens to be the world cup qualifiers games and the international friendlies; However, I'm more of focused on football betting, so the teams I picked to win were, Egypt to win, France to win Canada, Switzerland to win Austria, Portugal to win Croatia and Sweden to win Serbia in their respective games, And reason to select these teams was that I was actually targeting odds that came up a bit, Well, to my latest surprise none of these games were in the money and I can't really recall the last time I had such a losing streak, and the annoying part was that I didn't place this game on same slip, it was a single game all through and secondly some had different match date. Now, assuming if I happened to be someone who doesn't manage risk or go way above my budget, this would have wrecked my betting balance. Lesson so far, the need to manage risk is highly recommendable, stick to plans and never go above your plan, all this while my profits have been much higher than my loses, but a single week took the majority of those profits, Therefore, even though you are these profitable person in gambling just as I have been all this while, there may be a rainy day for you and what would protect you are these strategies in place. Have you had this experience before, and how were you able to manage/handle it?
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I have witnessed two Bitcoin Halving cycles and going through its historical data about the price before the halving, Bitcoin created a new history this cycle, that is breaking through its ATH before the halving, however in as much as we anticipate future significant price growth as usual But we really needs to digest this new record that Bitcoin made.
So, What is your thought seeing the price of Bitcoin smashed the ATH a month before its halving?
1. Could this mean that we are on the verge of witnessing an explosive Bitcoin rally as a result of the Bitcoin ETFs approval.
2. Do you think that the Bitcoin Bull market is going to end sooner than later after the halving?
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What could cause a gambler to place a bet to the extent that he no longer has money to pay for the games he played?
This story happened in my presence on Friday, when I visited a physical betting shop to book some games after that my battery ran down in the process of trying to place some bets with my smartphone to bet on a game that will kick-start in some minutes. There I was, there was this gentleman who was there before me playing the visual game and to cut the whole story short at the end, the gambler started having issues with the person who placed the games for him, reason being that after playing the visual game the gambler no longer has the money to pay the person, and he optioned to dropping his smartphone until when he brings the money and the money amounts to about $15+ and this lead to the owner of the shop inviting the police to settle the matter.
So the question now is: What could really put a gambler in such a situation, addiction, or greediness?
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A few days ago, my friend luckily won a bet and have used the funds to open a business for his wife and himself And that's where my question is coming from because for some, they're into gambling to make money, whereas some gamble for fun, but if luckily for you, and you have won a bet in the past, or luckily, you win a reasonable amount of money, did you achieve something with the money?/will you try to sort out some of those problems that lead you to go into gambling, like using it to establish a business, or did you lavished the money because it was unexpected free money?
I know of a guy living in my street who won a huge amount of money in gambling last year, he lavished the whole money and now came back being broke.
I have seen many too that won big money, but they lavished the money by going to the nightclubs and started living all sorts of luxury life because they didn't stress to get the money. If you are a gambler, you should think about or write down a reasonable or memorable thing you would do with the money in case luckily for you one day you won a huge amount of money in gambling, so you will ever remember where the money did come from.
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If you are in dam need to invest in Bitcoin, you can buy with as little as $10 and above. Bitcoin is divisible, meaning you can own some fractions, and not a must you will buy the whole of it. I was inspired to write this topic seeing some of my close friends who had shown interest in buying some Bitcoin some time ago, talk about how they want to invest a significant amount of money, one of them even told me that the little he can start with is $200, and which he missed the opportunity to buy BTC when the price was around $25k in the process of waiting to buy when he has up to $200.
So I guess we have plenty of people who are interested in investing in Bitcoin today but have this kind of mindset, and they want to start investing only with a huge sum amount of money and in the end, the money never gets completed the way they want it and these make them keep missing out on buying opportunities at this cheap price we have for a year plus now.
Bitcoin is created in such a way that you can invest even with as little as $10. If You face this challenge, you can try out this method to achieve your investment goal in Bitcoin, which is saving some money in a Box and which some people found yielding positive results in the end, and believe me, with time, your goal will be met too if you properly apply this method of saving.
For instance, back then, There was a time when I wanted to save money for something crucial, so I gave myself a six-month target to achieve that, I started cutting down those unnecessary expenses of mine and started saving those side changes in a box, and after that duration of six months, guess what? I marveled at the amount of money that I saved in that box.
So what does that tell you?, it tells you that if you want to invest in Bitcoin but don't have that Big amount of money, give yourself a target and start buying with the little you have $10, $20, 30, $50 and above depending on what that suits your income, I promise you from my experience you would be amazed in the end with the amount of BTC you would accumulate for that 3 months, 6 months or even in 1 year you would give yourself.
The bottom line is that it is better to start buying now with the little money you have than waiting and the time passes by. Bitcoin is still fucking cheap right now to compare the price it would be in the future.
Hope this can encourage someone who may find him or herself in such a situation.
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Yesterday and Today the Nigerian naira has appreciated significantly against the United States dollar and I think this is the right time I should post this thread.
Since the past few months, the Naira has been on a steady crash against the United States dollar (USD), and the impact has not only been experienced by the increasing price of goods and services and the high cost of food prices but also affected by investors and traders looking into investing in Bitcoin because the high rate dollar has reduced the purchasing power of the Naira and some investors could no longer get their hands on Bitcoin, However as of the time of this post, the current rate of USD/NGN is 860/$1 and has traded as low as # 790/$1 as of today which is way cheaper than the price we saw weeks back, which was way high as $1/1,270. Right now, based on my view as a trader, I do see an excellent opportunity right in our face for those who intended to buy Bitcoin but were deterred by the increased rate we saw on the P2P platforms such as Binance and the other platforms.
Conclusion Therefore, if you wanted to buy Bitcoin weeks back but couldn't due to the high rate of the US dollar against the Naira, I do think that now seems to be the right time to do so and by applying a proper DCA strategy in buying BTC via P2P exchange as there is a high percentage chance that we might not see the rate go lower than what we have right now.
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The Level at which the price of Bitcoin is resisted @$31k is, technically, generally the critical and very decisive one for the entire cryptocurrency market. Based on the current Market structure, this pattern shown in the picture below is an inverse Head & Shoulder formation drawn from the weekly timeframe. An H&S pattern from the technical analysis perspective typically is a reversal pattern and inverse H&S is a bullish signal if found at the bottom of an extended trend, Which structurally suggests a possible endpoint to a trend if occurred in the major time-frames such as monthly, Weekly, and daily. The reversal of such a pattern is usually back to somewhere close to the beginning of the trend, which should be around ATH 69k. From my analysis and the overall picture of the market, 1. Bitcoin needs to break above $31k to correct this impulse and to complete the H&S pattern. 2. if failed it may result in the Double top formation known as the M pattern whose target is $25k, $23k, and $20k.
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Here is a post that drew my attention to writing this topic. The biggest hedge fund manager, BlackRock sometime in 2017 criticized Bitcoin, and presently they have filed for Bitcoin ETF approval and gradually becoming a Bitcoin evangelist, not only BlackRock, other folks like Jamie Diamond, the CEO of JPMorgan Chase, and Micheal Saylor the former CEO of MicroStrategy just to mention a few.
https://twitter.com/BTC_Archive/status/1677710039660855296?t=_GSHd-hYZ89mRszuoEu2UA&s=19
My perspective
Just as the future is uncertain and no one can predict the future, The government may seem aggressive today on Bitcoin and cryptocurrency adoption, and tomorrow change their stand due to high pressure and demands from their citizens to use a technology like Bitcoin in the coming years. If BlackRock CEO criticized Bitcoin in the past and later turns to embrace what he kicked against, the government may do so because the government is run by friends of these individuals or people who own these companies, and they may have influence When it comes to government matters. El Salvador is a leading example of government in the front run of Bitcoins adoption and when more countries' governments follow suit in the race, other ones will not want to be left behind, they too will join the queue.
Let's have a general discussion, what is your standpoint?
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My biggest challenge was convincing my close friend looking for a long term investment (10+ years) but don't like Bitcoin and you know Bitcoin is the right option for him.
I got a close friend who believes so much in me when it comes to doing profitable investment, during early May this year (2022) He asked me what kind of investment that one could go into for long term that he's looking into investing in the future and for his retirement period, He's rich and willing to spare/invest about $50000 into something that will grow over time ,that is in the long run. So when he asked me about the best investment which he could go into, I told him I'm gonna give him a feedback soon. I gave him a week to see if he's really ready on what he asked me for, within that time interval he called me that he's still waiting for my feedback. In my knowledge about Bitcoin I already knew that the best choice of investment for him in that regards is Bitcoin, then when I invited him to my house I gave him a list of 3 asset to invest in, which are:
•Bitcoin •Gold •Real Estate
I went futher to explaining which asset between the 3 assets is the best, I first of told him the purpose of that Bitcoin and problem is meant to (Uses cases), that Bitcoin is scarce and would outperform the two assets and yield more returns in the long term than the two if he gives the 3 assets 10+ years period of time as he's looking into long term. I equally told him that Bitcoin is more liquid than the two asset in the sense that buyers are always there and you can liquidate your Bitcoin as easy as ABC anytime.
Goiy further I equally told him that Bitcoin is revolution of money and being your own bank (the only freedom form of money in the world) That Bitcoin is more secure in the sense that you can have Bitcoin stored in hard wallets like Nano ledger wallet etc and move about with your money wherever you want to go with lesser cost of storage, While Gold for it cost you to move it around and land is immovable and will cost you more trying to secure them, in some cases in my area land may enter into dispute.
To cut the whole story short he categorically said he don't like Bitcoin..... Reason due to uncertainty of Bitcoin that it might get banned today or tomorrow, but I knew this is because of his misconception about Bitcoin and realized that I have a lot of Job to do on my friend to give him the right information he needs to know about Bitcoin.
What I did in getting him interested /convinced.
So during this crash I realized that it is the best opportunity to have him invest in Bitcoin,
1• Therefore I first started sending him an educational short write up of how the internet started 1999/2000 that this is a kind of thing involving with Bitcoin and Money.
2• I started sending him a link to Bitcoin YouTube videos to watch as he started asking me some questions which indicates he's beginning to have some interest , As they said a "prophet is not of worthy except in his home town". It's better he watches from other sources than from the only one I have been teaching him.
3• So lastly the one that spark his interest up was that recently I started by giving him list of billionaires who has invested in Bitcoin like Michael Saylor, Elon musk and other institutional investors like the world largest hedge fund manager Blackrock coming into the space.
I even paid an artist who customize a very nice gold colour Bitcoin wall frame for him that has big Bitcoin Logo and name on it which I gifted him ,same like the one I got in the house which he do much love.
Just yesterday I was amazed he told me that he now wants to buy the Bitcoin and I have helped him we've just started with buying 1 BTC at around $23k and the remaining balance will be bought using good dollar cost averaging (DCA).
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They said when you identify a problem then the solution is possible. Addition is a Big problem to Most gamblers out there and one very big challenge with gamblers is that they don't even get to notice they're already addicted to gambling even when they're told , I was a victim even to the extent I used most of my University school fees to gamble back days until when I realized myself and put a permanent stop to my addiction and now Play moderately. I have a lot of friends too currently involved into same addiction whom I have made necessary efforts to getting them out only few were able to buy the idea. So I'm talking from the point of experience. However, After lots of advice from my friends who saw where I was headed to coupled with the last bet that almost got me drop out of school then, had me took that bold decision.
HOW I DID GET TO SOLVING THAT PROBLEM
1• I penalized myself by having myself deassociated from all kind of gambling friends and taking up a new friends who was into Bitcoin and have that time transferred to things related to crypto currency activities and it was actually part of what lead me into my discovery of Bitcoin and today here I am.
2• I stopped visiting betting shops in my locality and online betting sites too.
3• I stopped myself from watching football and anything related to footballing activities for months and I used those time to engage in other valuable things like going to the gym and reading more books during the time when there are important football matches going on.
4• Relocating from my house to another area where my friends could not find me easily because there was this pressure from them why I suddenly started to ingnoring them so I had to relocate.
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Bitcoiners and cryptonuers are like warriors against Government and the banking system of today.
I believe Most of us here do have passion for Bitcoin.
These current monetary system has failed because Government e.g FED, SEC Regulates and sets monatary policies ( lowers or hikes interest rates), Using these great depression for Instance and super hyper-inflation currently in place that is leading to the collapsing of various economies, Therefore , FED has been hiking interest rate even up to 75 basis point as at on Wednesday 15th June last fed meeting, Which I do think maybe is the highest since 1994 (28 years) ago , Which could futher lead us to economic catastrophe as so many people have warned about the looming economic resection and stag-flationary inflation , insane right?. So with this policies they almost control all your money, it can be seen just like a metaverse where they can control your whole reality by controlling your money using these monatary policies they set.
Therefore, having our dreams come through for BTC's wide adoption involves our collective efforts. Despite the fact that the market is currently on the down side and as we continue to wait for the future market recovery which is for sure, will bounce back. The bear market shouldn't bring some kind of doubts into our minds if BTC is gonna recover or not , A lot of people here has been in this journey and can testify that this isn't the first time we've had this kind of Bear market, So when there's a crash there's equally opportunity for people to become rich if you do recognize the opportunity and utilize it.
As a Member of the largest Bitcoin Community which is established by Satoshi, (the creator of BTC), You have access to much info than most people out there do. However, we should be doubling our efforts in helping Bitcoin become a success.
Since you've got to know Bitcoin,
• How are you in your own strategy contributed or Trying to contribute to Bitcoin becoming successful in the future in your Area ( become Bitcoin ambassador) and fighting to win these war for our freedom ? or • In your little effort what value could you add in helping the growth of these forum?
I do think these are questions we need have in mind as beginners when coming into this platform because it's meant for discussing issues around Bitcoin.
My Journey and little countribution to Bitcoin's success in my area.
Back then, I heard about Bitcoin around 2014 but didn't pay much attention to it as that time, But later in 2016 I started researching on Bitcoin and the Blockchain technology, Studying how it works by going through BTC's white paper and seeing the problems it has come to solve in the financial system, Therefore later embraced the technology that very year.
From that time to now
• Have been advocating for the success of Bitcoin by teaching people the purpose of creation of BTC.
• By Bringing in new people into the ecosystem and to invest,
• Teaching people how to trade BTC volatility and transact using BTC.
• And I'm currently working on carrying out Seminars on Bitcoin to many people across the states in my country to educate and
re-educate them that there is more opportunity in Bitcoin than in other asset e.g real estate ( BTC has more Liquidity than the real estate)
and other asset where you can't immediately liquidate your asset due to no instant buyers.
It was the passion I have for BTC that actually brought me into this forum and so far I have in my little way have shared my trading experience and knowledge about BTC in the forum.
Conclusion
Therefore, My little advice to fellow beginners here though we might have different reasons of being here Is, Don't because of the side income that comes from these forum and defocus on the purpose why BTT was created "Which is making Bitcoin a success" FREEDOM , look at what Satoshi did solving decades of economic financial problem , you too can contribute to the future success ,if you play your own part and
• become creative,
• have quality contribution and
• Focus on the fight for BTC , because Bitcoin is the only freedom form of money and power we have in the world as individuals.
Therefore fight for the success of Bitcoin and you are ............
• Fighting for your freedom and power
• The freedom of your Children and unborn children.
• Freedom of your siblings
• Freedom of your parents and
• Freedom of your friends
#BTC is "freedom" and Power to speak freely, cheers!.
This thread is open for suggest and correction.
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FED is recently pricing goods in Bitcoin.Though this news came out last week. A YouTube video published by a bitcoiner and crypto enthusiast -Anthony Pompliano and article I read online regarding this news. https://youtu.be/XyCdearSTbsThe St. Louis Federal Reserve published a post. "Which Shows that Bitcoin is a Unit of an account" for measuring things like price volatility. Cracking Bitcoin-Volatility CaseAccording to the post “Buying eggs with bitcoins – a look at currency-related price volatility,” the Eggs/BTC graph, The FRED graph, essentially compares egg prices in USD versus bitcoins. (i.e trying to show that Bitcoin price is volatile) But Misses the Big Picture: Which shows Bitcoin is a Unit of an account"Further, crypto Community Reacts:Deemester admitted that the Eggs/BTC graph was created to diss bitcoin’s volatility but also said that it did manage “to add another notch in the credibility belt of hard digital cash.” https://cryptopotato.com/fed-prices-eggs-in-bitcoin-but-misses-the-big-picture-crypto-community-reacts/Generally, in my own view this News could trigger a shift in the mindset of people to start thinking pricing things in value of Bitcoin rather than in dollar. How would you feel if you have (BTC),goods and services other asset are no longer priced in US dollar (fiat) and eventually priced in BTC ? Share your thoughts.
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I'm so happy today and Just decided to share this senario about how I made my first ride payment in Bitcoin.
Here is the story,
I took a ride for very long distance journey for a presentation and we both agreed a price which cost me about ( $37 ) in my local fiat
currency, and we both agreed on making a transfer to him on getting to the destination , When we got to the end of the journey,
then I requested his details for the transfer but I got a failed transaction, I tried the second
transaction and had same issue, I was actually running out of time regards to the presentation because our car got over heated
sometime along the road and we took some minutes to cool down the car.
therefore, After this several attempts I had no option than to use the nearest ATM, when I slotted my card I eventually got my account
debited without getting paid all was as result of my bank having network issues, I was really fustrated at the moment and I said
"this is why I like Bitcoin" , the guy replied and said are you a "Bitcioner" ?
I said Yes, I'm 75% exposed to Bitcoin and he said wow!, therefore you don't have an issue, I will accept your payment in #BTC
the guy brought he's phone, I scanned the wallet and made my payment of ( $40 ) swiftly to him instead of ( $37 ) in order to encourage
him in case of such senario in future with other people.
These was how I had my first ride payment made in Bitcoin.
With this experience I'm working on getting a ride that will accept Bitcoin in my area
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We had news this weekend , Monday and Tuesday that the stable coins UST depegs from dollar USD and has collapsed and continue to plunge in price even Luna price is currently trading around ($9 - $11) this morning as at the time of writing. The UST stable coin is not really back by anything, so people do need to get out right away. HOW MUCH WOULD THESE NEGATIVELY AFFECT BTC AND THE ENTIRE CRYPTO ?. IN MY VIEW Doing this may cause the crypto death spiral and it means that there will be a panic selling and could just collapse Bitcoin ,Ethereum, and the entire Crypto market and trillions of dollars life savings could be wiped out just in a moment and currently people are loosing money on crypto Twitter right now, companies have started selling millions of dollars of UST existing , exchanging their UST back into other pegged dollar USD coin and have lost thousands of dollars just in a single transaction conversation process and the spread wasn't just very good looking at exchange rate between UST to Dollar, they just exited that position for the fear of UST finally collapsing or having a free fall , So in a worst case scenario these companies like. Jump capital, Luna foundation guard (LFG), Do kwon the founder of Terraform labs and others are going to be selling hundreds of millions of dollars worth of Ethereum to try to prop up this struggling Terra ecosystem and then they may also go into their Bitcoin reserves which some of have started doing already and may also be sold to prop up Terra. Summary.... Therefore going further, If the UST peg cannot hold, then I think LFG will have to dump its bag of Bitcoin it loaded and this will cause more panic selling and cause Bitcoin to spiral down and further crashing down the price of Bitcoin and the entire cryptocurrency as well. Please throw your own opinion on this as we have great panic right now. Link for more details https://www.coindesk.com/business/2022/05/09/ust-stablecoin-falls-below-dollar-peg-for-second-time-in-48-hours/https://twitter.com/crypto/status/1524268467448389634?s=19
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