[Ordinals]

Ordinals

So lately I seem to have seen this word a lot more regularly than my few months in haven’t been around. This is not like from weeks ago but, just days after the halving and few days that preceded the halving. While it’s been trashed talked by some users to be some,
- Some rubbish that didn’t have a place with Bitcoin
- Referred as though, it’s got little or no value about it
- Something that should be dissolved or set loose from Bitcoin.

While, I don’t seem to really understand it as a whole but, how then did this very not well appreciated part of Bitcoin came to be this way? I don’t really get the concept but, it doesn’t seem very appreciated.

My searches on what Ordinals really is talks about, Ordinals being some Bitcoin NFT, where Satoshi Nakamoto assigned some signatures to the sats that could serve as an NFT (Non Fungible Tokens).
Should a currency of this nature really have that? Just a good for thought. I mean, Bitcoin is just as unique, precious and more adorned the way it is such that, it’s shadow will continue to be cast on whatever it’s tied or linked with.
Though, that’s not the point but,
While it talked about having certain signatures attached to the sats, isn’t this applicable to every other sats out there, to serve as a unique unit of there own with them signatures?

I don’t know where am getting it wrong but, the halving seemed to have brought this to light and so, I would want a little clarification on the topic. Thanks!

So I want to keep this really Brief but,

I was just reading some threads as I do often on the forum and I noticed a thread that talks about Bitcoin ATH and even so, recognizes that Bitcoin is still climbing. Of course it might be an ATH given that, it already broke the existing at the time. Even so, we know that it’s not going to be hooked there and price appreciation is still going to continue pushing for more.

So, exactly when can we have declare an ATH to be?
Is it really subjected to any price that just broke the previous ATH even when we know it ain’t going to hold for long? Because we just might have way too many ATH in the previous!

[You don’t loss by holding]

You don’t loss by holding

Preface: As someone who is familiar with the world of investment and investing, it’s important to have some basic knowledge about the field for which your invested in, accept the possibility of a loss and know how to prevent losses of you can.

This I have come to realize in Bitcoin to be the case when you evidently do nothing. It’s the concept that have backed holding and majority of the people we find holding today.

You do so much in doing nothing

It isn’t far fetched that the Bitcoin of cryptocurrency industry is enveloped in two major seasons which is the bears and the bulls. This is as a result of the volatile nature of the space which creates in the mind of investors several actions and inactions that could either lead to a buy, sell or hold.

Not so long ago, we enjoyed the thrills that comes with the bulls pushing price to highs and more highs, leaving investors with the joys that comes with haven’t bought Bitcoin at the time they bought it.
Now, the bears seems to have gained momentum and continues to drag price down. At the moment, the price of Bitcoin is about $60k. As unexpected as it is, it’s just a side to the market, a necessary correction as I see it from a  historical stand point as Bitcoin would always bounce back.

This reality is pushing weak hands to sell and have to regret haven’t bought Bitcoin at all or when they bought it but, I want to remind users within this line of thought something;

1BTC = 1BTC
0.005BTC = 0.005BTC
1mBTC = 1mBTC

It’s the ultimate calculation that matters. Every other thing else is just the dollar validation. A currency isn’t more validated by another currency and it’s only as strong as we perceive it to be.
While, we might be all worked up with the price per $ value of our Bitcoin asset, the asset itself remains unchanged.

What we could do about the dollar validation:
1. It could serve as a signaler to buy even more volume which agrees with the buy low and sell high principle.
2. It calls to mind that, you don’t have to sell low or at a loss as, that disagrees with the above principle (it’s the reverse of the above).
3. It calls for more holdings.
4. It should as well remind you that, you haven’t taken any loss by not selling. This agrees with the formula: 1BTC = 1BTC

Be careful not to feed the reason that would lead to your losses in your Bitcoin investment. You can actually do so much in doing nothing and just holding. Bitcoin does bounce back and that is a fact. Check price history through the years for proof, I wouldn’t give you any in specific but, just going online and checking across the years and you would find your proof.

Give yourself reasons to hold and buy more. Looking for the dip, low counts for a dip too, buy while you can and device a long term plan for your Bitcoin holdings.

You’ve not loss, if you’ve not sold!

[Discussion]

Discussion

For the purpose of clarity, this thread is created due to the observed trends in some users within my category. Haven’t really spot this behavior within ranked users but, it seems common for beginners and I don’t seem to understand how it is possible or why (take that for a claim).

What might that be?
Some users don’t understand what is feedback system in a discussion. It’s an exchange of ideas and not a sole opinionated sort of sending out a message. This by some means is a disregard of what everyone else’s opinion on a topic especially when your the starter of the topic. It gets worst when you are the starter of that topic, it doesn’t show interest and in most cases, you live people just rambling and not knowing if you get it or not. Of course other users might take there interest but, as a starter of a topic, you should to some extent show interest in that topic, follow it up to some extent before you let loose.
I get it that some topics number into 100 of pages and one can’t or wouldn’t possibly follow through on all the responses that might amass in the topic but, at the beginning phase or before it gets a lot of attention such that it becomes overwhelming for you being the starter, a feedback system requires that your there in the discussions on going in the topic.

Definition of the term (Theme)
Discussion: The term refers to people being one or two or more having to talk(write) about a topic, exchange ideas about it in order to reach a solution on it. Look up in Cambridge Dictionary.

The key words to note here are: people, talking(writing), exchange, idea and solution.
Sums up to mean: people exchanging ideas for solution.

The problem:
This is BitcoinTalkForum and from the way I know it now as much as other communities on the web, it’s a discussion platform and where you come for exchange of ideas. Even while teaching, you expect questions and when not asked, you ask questions or seek understanding of a course to get diverse opinions. That’s how a discussion grows. People might be different, being an introvert and extrovert but, not on the web. It doesn’t apply in an online discussion where your anonymous and have got just you and whatever device your accessing the web with to contend with.

Attributes that could be assumed to spawn this behavior:
I. Hidden agenda,
II. Been forced to write and so you write even without interest in what your proposing,
III. You completely agree to every concept being said even with several inter and intra contradictions.

Would expect more from users on the forum

The expected:
1. It’s highly relevant that you respond to comments in your topic as a starter.
2. It’s more than unlikely that you agree to every argument because you can’t. Some wouldn’t seat well and others will.
3. The energy you give by virtue of response shows interest and spawns discussion.
4. It promotes more thinking when you discuss and brings up constructive argument.
5. The content is better developed and ideas promoted in this nature.

what more can you add

I have been in few boards of the forum and indeed spot some users with great attributes to discussing. Am speaking of users like: ABCbits, LoyceV, JayJuanGee, BlackHatcoiner, apogio, Pooya87, Lovesmayfamilis, upgrade00, hugeblack, philipma1957 and a few others too numerous to mention but, shout out to you guys that promote a healthy and make great conversationists in the forum. Your efforts aren’t unnoticed and you sure make good models.

These guys almost revisits all there topics and comments even to say the least. Offer more insights if need be and answer questions on them. Learning from these guys would definitely aid in self development and resilience when it comes to participation on the forum.

Note: This is just personal observation based on interaction and the places I habit on the forum. Am sure there are a great lot of other conversationists here but, from the few I’ve got to interact with or take into account I have mentioned and not all of them too for sure.

In conclusion:
Perhaps there might not be a final solution to every discussion but, your not in a discussion if all you do is create a topic or just drop a comment and your off. While in a discussion, you should discuss!

[Have more volume for less $value]

Have more volume for less $value

During my short time here and checking on Bitcoin back to its roots when it had barely any value, you would find out that, time spent in doing nothing continues to prove costly as the Bitcoin progresses.
Of course one might buy Bitcoin just anytime you like, but the difference in quantity will always make the huge difference.

Where:
Year starting 2020; $7,200 = 1BTC
Year ending 2020; $28,950 = 1BTC.

Imagine this happening in the same year. You’ve got a difference of:
$28,950 - $7,200 = $21,750

Now, you’ve bought at the year ending, same one unit of 1Bitcoin and it’s cost you $21,750 more $ than you would have by buying at the start of the year. That would have meant;
$28,950 / $7,200 = 4.02BTC.
That means, you’ve got 3BTC more to account for your $21,750 more value.

In successive year, it continued in an increasing order and reduced in 2022. Giving investors a buying opportunity yet again.

Coming to recent time,
In this month, we’ve seen Bitcoin at $73,000 value and today it’s dumped to around $63,000 and from the look of it, the bulls is gaining some momentum in today’s market. This speaks of the more volume you would accumulate for your $value to buy now rather than wait on the market for the market for more examination and it could push through to $70,000 in the next minute (could be exaggerated), giving you less volume for more $value.
Hence, buying at current price gives:

Starting today 20th March: $63,000 = 1BTC
At a later time when price is up $73,000 = 1BTC
A difference of $10,000 = 0.16BTC as more value at a later time. That is also what you stand to loss by not taking chances with the price at the moment.

If the plan could be holding as it’s mainly advocated and most of the precedents to this time continues to do, gains are not far behind. Thought it might dump, it would rise as it’s evident in its history and what better time to not wait but buy before the halving.

Buying to hold today is not having get less volume for more $value but rather, more volume for less $value.

[Price modification]

Price modification

Hi guys, I am relatively new here haven’t been around only months of this year but, in light of suggestions as to modifications that might instill some consciousness on users of this space, I want to make a suggestion that could prove useful in updates and not necessarily require users to look up other sites for something as vital and utmost necessity like the Bitcoin price.

Personally, I have to look up the Bitcoin price every other day, of course I have done that several times today and the price at the time of my writing this is about $67k - $68k.
I am sure there are a lot other individuals that does this on a regular as well. Especially given the fact that, Bitcoin has been bullish lately.
We have a Wall Observer thread, though it’s got most of its discussions relevant, the most take or point of argument that seems to make the thread it’s best fit is one that isn’t largely looked at on the page or so I think is, the Bitcoin price update. Most of us, using myself for a reference point often goes to other sites like Coinmarket.com, coindesk.com or popular exchanges like Binance et. al to seek price update.

Meanwhile, this is something that could or should be accessed rather easily on the forum. Perhaps the forum don’t hope to consider itself hooked with any site for price update as this would relatively serve promotional purpose to the site indirectly, I think we could have an all in one purpose site that could increase clicks here none the less even though, this isn’t the aim or the community isn’t in any particular need of this but, it would aid users to be here more often.

Format for display:
While this remains open to suggestions,

 

I don’t know what it’s like for you guys with higher ranks and already has an avatar display but, I think we’ve got a good enough spaces in two places designated by rectangles on my page.

Edit: Would have liked to edit my suggestions into places but, the device am using at the moment doesn’t have that function. Maybe someone who understands what am postulating can come up with the design.

Possible Results we could get from this:
The forum would be subjective to Google search engine for price update to anyone and everyone.
Possibility of influx of new users
Increased participation as users no longer need to go to other sites for something as little as price update which would in turn, push towards looking up what is new on the forum.
There would be some accurate and more trust in what price the forum is displayed to be authentic.
Increased awareness on what Bitcoin price is doing and this could lead users to invest and hold more.

The good thing this far is that, we’ve got Chartbuddy doing something similar in the WO at the speculation board, perhaps the user should run it on a more open space or some other community staff.

Conclusion:
It would be a plus and more signatory to what the forum is about I think.

[Introduction]

Hi Guys,
Welcome to my BookSpace!

Introduction
So this is going to be a challenging of myself kind of space for my personal development as intended although, I hope it could be helpful for people within my category and perhaps motivate others to try out some books in the cryptospace. Just for motivation sake,
A saying goes, he/she who does not know, acknowledges that he/she doesn’t know and seeks to know should be taught! Maybe I just coined that from something similar that does exist, lol… but, I hope to be seen for that person right now, here on a quest to acquire as much knowledge as I can get within much possible time my schedules could allow me. Maybe it takes my while time here to unravel I can’t say but, I hope it does some good as well.

Purpose
I am having to create this space for the sole purpose of not having to create a topic every time I encounter some complications or contrasting idea that could require a simple question and answer format to its patterns. It also follows the fact that, most of these books might not avail readers the chance to get certain questions across or have feedback in no time.

Hence, my approach to this would be, having to drop updates from time to time in this topic when I am reading a book and have my questions pop up from time to time in the comments. Hope this is acceptable and this is being done in the right section of the forum as well. I would be posting the books and links so, anyone could read too. These where already recommended and links provided by some users on the forum and I hope to have more recommendations to see if I could keep up as well. Thanks.

Book
1. Mastering Bitcoin (https://github.com/bitcoinbook/bitcoinbook/blob/develop/BOOK.md). In progress…
2. Bitcoin: A Peer-to-Peer Electronic Cash System (https://bitcoin.org/bitcoin.pdf). (a referenced deviation). In progress

As said by my topics title,
I don’t wish to be sorry!

Sometimes, it’s entirely very hurtful, not just the fact that you might have lost a vital part of your funds or capital into an investment but, having the mind of being outsmart by whom ever or the system that works a specific field. Well, not the system as, it’s often impossible to beat most systems but, it just hits differently when you have a sense of security about an investment but still goes ahead to loose it all.

I just don’t want to be sorry!
Now Bitcoin is not entirely new to me, I’ve heard it come up a few times and only now have I built an increasing desire to know the pros and cons about it. I’ve had to invest in various things in the past, online and offline, have my share of profit and loss but, I so don’t want to loss. Especially a loss that might amount out of my ignorance, that would be most painful although, I get the fact that lessons would be learned from such experience on how costly ignorance could be.

Here I am, not a single Bitcoin tide to my name, am not so proud about it especially, being here where I just have the vague idea that, the members here just might have so much. I guess what I’m looking out for is a sense of security and some comfort that, it’s really better late than sorry.

Help me not to be sorry!

The vastness of Bitcoin leaves me with the question of if I could really grasp what it’s all about. I have come to understand that most individuals have come to like it out of the profits or gains it could accord them and truths be told, I would like that as well but, not having a peep into it’s technology or how it actually works is something I feel is important and a need to know. This gives reasons as to why I dived into this part of the platform. It’s almost a fascination to me as I’m trying to erase hear say and what I might have thought to be over the years of the technology as well as, take up Bitcoin investments.

I beacon on you guys to not mind my language if I get most things wrong but, I’ve been greatly confused reading on here and the more I read, the more lost and complicated it gets as there isn’t a clear definition to things here. Maybe to my layman’s understanding.

One term I have seen reoccurring in this section is the term NODE. Just a glance at this section and you would find it repeating several times. I tried checking it up on the web and this is said about it is that,

A NODE is a physical device such as the computer or a device of its equivalent that participates in the confirmation and storage of Bitcoin data. In essence, this is to mean that, any computer device that is used in Bitcoin confirmation and data storage is a node right?

If that is correct, how then do one gets to link his personal home computer to a sophisticated network such as the blockchain network, in essence, run a node and do confirmation tasks.
Is this achievable with one computer device or one must have more than one device linked by some cable to perform these tasks.

Hi, I suppose that’s in order.

So I finally succeeded in creating an account that allows me to post after 2 attempts as, I feel unsuccessful with the registration as I saw something like an evil IP or something of that nature, coupled with other write ups in red ink captions.

Does that mean I did something wrong on my previous attempts?
What did I do please and how do I avoid that?

It came with posting restrictions. Why? Those attempts actually did restrict me from posting which tells me something went wrong. When I finally succeeded with this one days ago, I must say I’ve been a little skeptical on writing anything less I do something wrong and trigger another evil IP.

What do I need to know to be safe here, just briefly please.
I’ll be in the comments.