[Decentralisation of Financial Power]

I have been pondering on the motion of making bitcoin a legal tender, if bitcoin becomes legal tender, it can be used in place of fait currency to purchase goods, used  for transactions,etc.
      For me, making  bitcoin will take years because that motion will never be assigned by our financial institutions and central banks. The main reason is what we call;
    
    Decentralisation of Financial Power
   Removing the power to control money and financial asset from
   centralized body like; Central banks, and other financial institutions.
   Thus our fait currency begin to operate in a decentralized system as
    bitcoin.
   And we know that our governments,elites that take the will of the
   people at stake will be at the verge of losing everything if that occurs,
   meaning the system will be open and run by anyone at all that means f 
    freedom.
   We all know bitcoin runs in a decentralized system, so making it a legal tender simply means the government will also have control over it and it system which wasn't the original motive of it
   So two colliding forces, which can't be met at all.
 I know El Salvador has bitcoin as a legal tender, but can only be used as a means of payment and transaction which also works in other countries.
    IMF,World Bank, Central Banks of countries these are the major controllers and Most powerful institutional bodies,so imagine making this system decentralized.

  What do you think will be the fate of our Economy..?
 Let share our ideas on this guys.

Bitcoin as a currency over the years have experienced tremendous growth in it value, scaling through different policies and trials.

 Bitcoin price as of 2009 was $0.09, imagine holding bitcoin from 2009 till date,that would have been a very huge portfolio.
         As an investor you can't afford to think how others do, or structure your investment plans on the opinion of others.
Investment as we all know is risky, because it involves financial asset.
Investment is  like planting a tree that would bear fruit forever, this same way should be the pattern investors think, future prospects...
           Reasons why an investor need to think, align and see what others don't see?
    1)  investments  decisions are not your meal plan decisions, it involves resources to be put at stake, without proper decisions those resources can sink in a second.
Most persons that is still calling bitcoin scam is as a result of wrong decisions they maid earlier.
   2)  investors, bitcoiners that bought bitcoin as of 2010 when it was just $0.30, sometime didn't expect bitcoin would worth $72K  currently.
   As Investors you need to be visualistic and optimistic, imagine what would be going through there brains now, Bitcoin has thought me what I haven’t learnt in any financial class at all.
 That's why I buy the idea of Warrent Buffet  "investment outcomes should be expected after a decade".
    3)   Bitcoin is rallying to a new ATH some have grasp the opportunity and learnt from history about what is to  come and the bright side of this decentralized currency in years to come.Some are holding for;
a) profit making in short term
b) profit making in long term run
Under which category do you fall, if we call ourselves investors then we need to make right decisions and not rest on others decision,media and firms analysis.
        Let say we have an investor who is holding bitcoin from $0.09 till now  just imagine the portfolio of that investor.
        Making right decisions and being visualistic while investing in the right asset would save any investor that what bitcoin have thought me.
    Today the bitcoin market have many big firms,investor and holders that  are expanding the ecosystem and the bitcoin network at large.
 A coin that was once sold at $0.09 is now $72K.

Looking at the current price,Bitcoin has pumped to $69K with a very high bullish momentum. My concern is can we see bitcoin rally to 100K before halving, bitcoin has increased by 40% so far.
 Am anticipating bitcoin to surpass $72K before halving, but JP Morgan give a contradicting idea saying "bitcoin would drop to $42K before halving " ....amidst investors buying more bitcoins.
  Blackrock has now bypass Micro strategy in bitcoin portfolio,been the top player holding largest amount of bitcoin and currently getting half of the market share, which I think is influencing bitcoin pump.
Bloomberg releasing a statement saying "The rate of buying of computers by mining companies have increased and also the need of electricity by them".
What are we to expect this pre-halving season...?
Will bitcoin pump more than $80K to make a new ATH before halving.
Will bitcoin drop to $42K as speculated by JP Morgan..?
Blackrock holding more bitcoin will it not influence bitcoin pumping if we say bitcoin is affected by supply and Demand...?

Bitcoin reaching its new ATH after  Nov 2021. This was an after the halving events in 2020. That’s like a year after before it creates this ATH and later drops.
It’s a trend that checking through the history of the event, it’s been maintained but, there seems to be a huge change now.

Bitcoin is weeks away from its once in 4years halving and with that yet to begin, the market and price have been ever going towards a bullish trend. This is amazing as, people’s portfolio, accounts are getting bigger which is, what every investor would want.

My question is: what's the fate of late investors?
Does this new price or trend that seems to evade the usual of a bullish trend after the halving affect anything significantly?

People that have been in the system are already used to a pattern of arrangement where, after the halving  comes a bull market that would produce an ATH and then it later drops for the bears. With this pattern gradually looking changed, probably due to more investors coming into the industry, where does that keeps new investors. It brings to mind the possibility of having to buy at a high and then watch it drop but, I wouldn’t want to entertain such idea.
I would like to believe and preach that, the new pattern is as a result of more and more investors coming into the industry with a possibility of tacking advantage of a known pattern and as a result, they are gradually shifting what is known to create a new unpredictable pattern that could soon be the order of the market.

What are we to expect in this market after now?

Sincerely the concept of savings has made some persons poor,but many won't realize the fact that saving don't make the difference but investing does.
 Am not saying saving isn't good, but my point is saving doesn't make one wealthy, the worst advice we recieve is  'save for tomorrow' but only few lay emphasis on the need to 'invest for tomorrow'.
So I would greatly say we invest some of our profits from bitcoin in to other stuff, than just holding it or using it for pleasure. The rare truth is how we believe bitcoin can change the game, so other systems are developing so we shouldn't be blindfolded.
Invest because savings doesn't increase or builds, investing is what gives you the life you want.
   Let discuss this guys..
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
 

What’s the possible way of growing your account size….
This is one of the problem that affects traders how to grow there accounts to a big size.
I came across a thread on x by a crypto guru who said the best way to grow your account is by having a strategic edge, proper risk management and Discipline as a trader.
And I buy his idea.
 Every trader wants a suitable account that why you see some traders over-risking, flipping and over leveraging there account.
What we just need in such case is catching high probability trades, having a working strategy and proper risk management.You are good to go and you grow that account, but we most know that it is a gradual process don’t expect to move your account to thousands of $$ in a day.
As traders we also need to trust and believe in what works for you, rather than jumping from one strategy to another or from different schools to another, this will help us develop our own edge.
Avoid pressure.



Let discuss on this guys, and enlighten ourselves.

With the vast improvement of technology across our world, finances, cryptocurrency, AI and even in the communication sector right now, from the time of 2G to 5G which is widely in use right now, our mobile phones, laptops, network servers now operate on 5G network with its high speed, high bandwidth, low latency and other improvement. 5G has shown great positive effects on the across the technology of our time, given at the speed in which, data is been generated and processed.

    I like to think this will help boost the Bitcoin network, I tend to believe Bitcoin servers are now running on 5G  which will help Bitcoiners in terms of as per:

 1) Network congestion: With 5G now the network congestion has reduced because of its high speed processing power which would therefore aid the rate at which, Bitcoin miners and the entire Blockchain network carryout it’s activities with less stress. Which in turn saves time while increasing efficiency.

 2)It would also ensure safety of data been stored in the network since it connects various devices at a time.

 3)It would also save cost, like some people interested in running Bitcoin core nodes can now access it without those secluded devices, with bigger storage or need some Blockchain free data servers which is expensive thereby making some person uninterested but now with 5G we don't really rely on the servers again, with 5G and it's improvement more man-power will be added making the Bitcoin network boost and improve.
 Amplifying the Bitcoin network with this technological advance is a great win for us.

What’s your take on this guys.
In what way is the Bitcoin, Blockchain technology and the whole cryptocurrency world taking advantage of this and improve the network systems?

To what extent is this concept really necessary or implied.

In course of my research, I get to find out that there is an address referred to as a change address in a Bitcoin transaction. I am not clear on how this came to be and as someone whom have never owned or have to spend a Bitcoin before, of course I hope not to spend that much anytime with Bitcoin serving as an asset but, I would like to own that much some day.

The concept of change address simply refers to an input address which is self generated by your wallet in course of a Bitcoin transaction between two parties where, the remittance from a Bitcoin transaction is remitted.

Now, it talked about you having to issue or sign a transaction in an agreed amount but, what’s actually spent is spent as a whole in your wallet’s content and you have a balance refunded to you.
Like, you own $50 and wants to pay for a purchase that cost just $5. What would actually be spent is $50 even without you inputting that as your actual paid amount but, would have $45 refunded to your wallet.

Why the need for this back and forth concept since, Bitcoin has smaller denominations that could be spent directly.

Wouldn’t it have been more easier to just send the exact amount in the acceptable denomination and that would be all to it without having any need for a refundable balance?

Like, I have a $5 note, I make a purchase of $5, paid for it in $5 without having any balance to be refunded to me.
Do we not have such cases in Bitcoin?

I would have liked to use Bitcoin directly for my examples but, bare with me, am not really inclined with the mathematics just yet but, I’ll get there.

 Bitcoin core node is important in Bitcoin network some of it importance highlighted below;
  1) Ensuring client privacy
  2)Not requiring involvement of third party in our transactions
  But my concern is,what is the necessity of one downloading all Bitcoin dataset before processing any of your transactions,which will require more data, money,and the capacity of your computer or device,also matter...
Please i would love you guys to answer my question and don't hesitate to share educational contents on Bitcoin technicals..

    Am new in this community,the rapid increase in technology and mathematics related to Bitcoin makes me confuse,am also concerned  about the safety of clients data since all transactions are done on a single public network.
 I brought up this topic because I want more explanation,if there is any development or means outside of the public Blockchain that also stores client data to ensure more privacy. I also learnt about lightweight wallet that connects to full node before any transaction,why is it so.....
Pardon me,if am not expressing my points clearly
 The mathematical expressions is hectic,is there any method or recommendations for me  to begin with so I can assimilate on the Technicals of Bitcoin. And unravel it's possibilities,not for me to be just a Bitcoiner who knows only how to hold and sell but also technically oriented about Bitcoin

Bitcoin to rally more than $500k says some crypto analyst.
Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see  retracement to $40k before any move so as to gather enough momentum.
Bitcoin has more buying pressure on it now than ever because of;
       ETF approval which open room for more investors to invest and minimize there risk thereby holding more coins .
       Election would also have impact  on it move, because of general election coming up in over 50 countries of the world.
Inflation taking it lead.
Tension in economy of countries,etc.
But holding till September 2025 would be worth it since the bull run will last till then.
My question is who buys Bitcoin at that price..?
    Will the value of Bitcoin keep increasing after then?

Emergence from the ashes of predates

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I am only getting to learn more about Bitcoin lately as my confidence and interest about the system begins to grow.
It made me think to myself, how could something so new be almost perfected upon its first attempt and creation. Surely there should be some trier and error face before the emergence of what we have as Bitcoin today. So where was these triers been done?
Could it be that other digital currency existed before Bitcoin, well the answer is yes!
There were attempts to create digital assets as far back as the the 90s. Can you imagine, over the 80s, this technology have been forming and up till today, we are still getting to know and learn about it.

Well, it makes it rather interesting to most persons within my category as beginners in this space to learn that, Bitcoin wasn’t the first cryptocurrency. Bitcoin emerged out of the ashes of these pre-dated (2008/9) digital assets. There failures became what was perfected in Bitcoin and have been able to have a stronghold from its technological advances.

Some of the pre-date (2008/9) digital assets were:
1. eCash by David Chaum in the 80s. This guy conceptualized the digital money and from there, it was developed on by several developers until we got to the stage we are today. A striking fact I can relate to this name Chaum is that, it’s sounds Asian. So is the name of the Bitcoin pioneer, Satoshi Nakamoto.

2. HashCash which became largely one of the most successful cryptocurrency from its time until was hit by problems although, some of its technologies was adopted in our today cryptocurrencies.

3. E-Gold was another one and this was a gold pegged cryptocurrency at its time and became a means for transfer of value using the tech of its time but, eventually came by money laundering problems amongst others which lead to its fall.

These were just about the 3 that stood out although, there was yet another one called B-Money that came up with some good concept as well. You can source for some more information here: https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/#:~:text=Key%20Takeaways,very%20influential%20in%20Bitcoin's%20creation.

Problems encountered by these pre-dated (2008/9) cryptocurrencies where:
The issue of centralization as most of these currencies had a focal point of which, when it created problems for the government, it was easily attacked and brought down.
It experienced problems of a large or growing network of which, when not properly contained, it led to it crumbling behind the weight of wide coverage and growing popularity.
This is just a few of what I could provide but, coming to the contemporary,

Bitcoin and other cryptocurrency asset still encounters problems don’t they?

What are some of these problems and isn’t there a need to be concerned?

How are these issues contained to not erupt the existing system as pre-dated (2008/9) cryptocurrency assets.

In our society the increasing rate of immorality and nonchalant attitudes can be linked to improper upbringing of our wards by some parents compared to the time were traditional means of training was still practice.
This days you see children dictating what they want or how they want to live there life, spending less time doing house chores,am confused is that the improvement in technology is also increasing the rate of lazy, gullible,and immature children in our society
Children are been exposed to different materials present on the internet...what your take on this guys, should the traditional means be advocated for so we can have a better society.

Am new here,but all have seen is about crypto and recently I got interest in it but am a bit confuse wether one can use same strategy,and approach used in trading forex
And how can one become an affiliate in altcoins for exchanges,and also hold some Bitcoin for long runs maybe 2 yrs
What really differentiate forex and crypto in terms of it approach,is the volatility same.
I don't wanna miss the treasures in crypto Market and the more I try to dig, it gets more confusing
I need a strong, oriented and right take on this guys....

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades