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Bitcoin is recorded as the first and most well known crypto currency in the world.not disputing the fact that there have been so many controversies surrounding it,it is still believed that Bitcoin will always survive and continue to be a leading form of digital currency cutting across the World globally. Although there are certain risk factors involved with Bitcoin but it's not been limited by that and most likely will tend to survive and thrive in the future,moreso reasons why Bitcoin will likely survive are thus;
1. Decentralized Nature 2. Security 3. Limited supply 4. Potential adoption.
Decentralized Nature: This means that no single entity such as a government or bank has control over it,and this makes it resistant to corruption or interference by any centralized authorities.
Security: Bitcoin uses cryptography to secure the transactions that happens in the network making it highly resistant to fraud and hacks.
Limited supply: Bitcoin has a fixed supply of coins of over 21 million that makes it not inflated and scarce like fiat currencies.
Potential adoption: Generally a massive number of business owners and individuals are accepting Bitcoin as a mode of payments thereby reducing it's demise. In conclusion since Bitcoin has survived such attacks from government ,hacks,criticisers, scammers,covid, insurgency etc.bitcoin will still survive in the years to come even if the World war begins and it will do so due to its decentralized Nature,technological advancement and lots more and thus skyrocket to being the leading digital currency.
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Hello everyone, talking about this Bull run that we all have been anticipating along time ago is finally coming to our door steps and I guess we're all excited about it and want to make it all out this time around. Who's for sighting this like I do that this Bitcoin halving will birth so many into wealth and looking at the market I think Bitcoin has gown down which is favourable to various sectors.
I want to know what we are excited about,and to know if we're slacking over this opportunity. I presume alot of investors are purchasing more coins too in regards to this.
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Bitcoin has grown massively since its existence and as cut across the bull markets as well which has made it a favourable economic conditions where the market experience consistent growth by rising. And has resulted to the rise in prices in the bull market.
Key Accelerators that characterise the Bitcoin bull markets are:
*Halving *Education *Devaluation/inflation of fiat money *Spot ETF *Regulations *US presidential elections *Institutional adoption *Utility/Utilisation of Bitcoin
1.HALVING: it's a period where investors,earners and miners of Bitcoin get their rewards for mining being shared or cut into halves.and this procesd takes place during every four years, so when this is done the market prices for Bitcoin rises and reduce inflation.
2.EDUCATION: Education is versatile "if your not informed you are deformed". Saw a video of miss bitcoin,educating her kids on bitcoin .so enlightenment and educating on bitcoin will lead to the adoption of utility.
3.DEVALUATION/INFLATION OF FIAT MONEY:inflation the general increase or rise in goods and services has caused the fall of bitcoin prices.and then the increase in money supply will devaluate the currency that is more money in circulation should be controlled as it promoted bull markets because small increase caused by inflation will encourage people to spend more of their money rather than investing or saving it.
4.SPOT ETF: In the next 12-14 months would cause a rapid effect prior to the bull market bringing in both large and small investors leading to high demands causing a rapid hike in price. It's good thing for wherever segments yo get into Bitcoin.
5.REGULATIONS: Favourable regulations that supports Bitcoin fairly should be accepted, yes the crowd and the people finds the control/power of the government tiring, but then this would be a good push. United States should make Good regulations, for they are far behind unlike Europeans who are doing better at this.
6.US/ARGENTINE PRESIDENTIAL ELECTION: They might be out for themselves but what they do with bitcoin politically during campaigns and after campaigns can cause increase since they are positive new bitcoin supporters.
7.INSTITUTIONAL ADOPTION: Seeing top financial boys like Blackrock,Finetech and fidelity in bitcoin will sure lead to investors keeping billions of dollars aside to invest in Bitcoin. Also ETF from financial goals like Blackrock,fidelity and others is definitely a good thing for bitcoin adoption that could lead to increase in price. Which is a good thing for those accumulating these Satoshi's for years now.
8.UTILITY/UTILISATION OF BITCOIN: Having bitcoin in your wallets does not necessarily guarantee you ownership or having it in your wallet is not about holding it,it is your daily usage of it that matters.that is your day to day Utilisation of it is also good and that will generate its increase.
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I wrote this Poem sometime ago concerning politics and its ravaging storm in the Society,and would like to share to the group.
Oh! Politics Roaring like a lion That is as hot as iron
Oh! Politics You bring conflicts You make rivals To be on trials
Politics of great confusion To our great nation You cause the erosion You gave us blind vision and decision
The masses of great people We lack perfect peace We lack good fertility Because we are not worthy.
The future awaits the few That will make the nation new Oh! But the wind blew It took them and forgot them
We forgot our land Cause we don't stand To claim But we blame The soil In which we toil
But what we need is Unity To conquer our country.
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Fiat money is a money or currency that is unable to change its function or pattern,which is signed and decreed as a legal tender.having this money is like owning an asset because you cant change it,but it can be use as an exchange for something.
This fiat money is a meduim of exchange in the form of coins,paper and all of that.since its existence it has been an easy way of exchange for demands and wants and has helped in reaching to the goals of oneself.which have made the approach and desires for this fiat money to be over emphasised. But the insurgency of inflation have empowered the devaluation of this money.
Inflation is the general increase or rise in the prices of goods and services,when inflation is encountered it cause a total increase and alters the prices of goods and thus amount to the devaluation of fiat money.
What Causes inflation: For example when the demand for a particular products is higher than the supply,that way inflation has taken place. Another one is when prices goes up and affect everything including supply. And dont meet up to a persons or country needs and wants.that way inflation has ocurred. Then Devaluation: The main power engine for inflation of this fiat money.This happens when a particular country is trying to adjust to the tendency of balancing the fiat money to balance with trade(Good and services).when this is done money or currencies value is reduced and make importation of goods to be downgraded and exportation of goods and services to be reduced. The devaluation of this money has made exports to increase and importation to decrease,because since the money is devalued as inflation arised,the neccessity of meeting to that demand is reduced,and so therefore encouraging exportation of this goods would help in keeping It at a balance.
So i think this should be thrown into the house for better enlightenment and better discussion.
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When a leader dreams,he give rise to achievements and realities.
Right from the origin of christianity, history may have it that the founder was a dreamer,who breakdown the visions and imagination into a realistic form. Dreaming first start with your mind,your imagination,your thoughts then into actualization.
Leaders dream out their success,this is not by merely sleeping and dreaming,but it is achieved by consistent nurturing of the inner workings of your mind. as a leader your dreams come alive when you so desire it in your mind,your thoughts that way your nurtured dream is cultivated into actions and a working body.
Like great success activist,when they have a particular dream,they plan out how to achieve and attain that dreams, inorder to get results and evidence. Leaders are not afraid of practicalizing their dreams,they are practical dreamers,nevertheless they oppose every forces and make that dream a physical reality.
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Hello guys,I learnt that pi network is a crytocurrency that is beneficial in the community ecosystem that you can mine with,I want to know their clarified differences and if the pi network and bBTC does same functions.
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During my research about bitcoin,I was acquainted with the paraphrase BULL RUN, which from a wide range of meaning it's a state or period of time when the prices of stock's and shares rise above normal. Then Reflecting it back on bitcoin I learnt it is when crypto prices increase rapidly and significantly, so when the bitcoin prices increases what happens to the stock market?? Which drive me back to this question that "WHY IS BITCOIN ALWAYS IN A STATE OF BULL RUN"BTC
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Hello,I'm a newbie. As a newbie i don't really know much about this forum yet,so i would like to know the rules governing this forum,like what is to be done and what not to. I urge to be clarified on it and vividly get a full knowledge of what am about doing and how to go about it.
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