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I am always hearing many good things on Microstrategy and its big, splashy strategy of acquiring more Bitcoin especially if there is a big dip in the crypto market. From now on, when you hear the saying "buy in dip" one name that comes to mind is Microstrategy of Michael Saylor. Now, when Bitcoin will soon rise beyond its last ATH, am sure that Michael will be celebrating with its windfall of profits...and if there can come a time when Bitcoin can go beyond $100K all shareholders of this firm will surely be smiling from ear to ear.
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Yes, there is no doubt we are now entering the era of CBDCs with the successful launch in China and soon we can see other countries to also have their own version of it and some more now in the planning stage. But this nothing to be afraid of as CBDCs are just actually digitalized version of countries' fiat monies with some touch of technology...their own version of the blockchain technology under a very centralized setting where control is definitely a lot, way better than the original fiat money. I don't think this will be competing directly with cryptos...but can even enhance the people's interest with cryptocurrency and maybe there can come a time when cryptos and CBDCs can be seamlessly integrated by many platforms. Certainly, am sure PayPal can be integrating the two, who knows?
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This can be another attempt to put all people who are into cryptocurrency under just one box or category...maybe with the intention of putting shame to us people and stopping those others who can be interested to get onboard just because they don't want to be associated with "Machiavellian psychopaths with an inflated ego" which of course can be disgusting in the first place. Now, looking at the so-called survey, it is easy to conclude that it is very flawed and therefore any derivative out of it is also the same. Or maybe the people behind this study are actually the real psychopaths...though I do not have a good study or survey for that. Or maybe this is just another manifestation of the expanding and very influential "cancel culture" we are in? But overall this is very funny and should not be taken seriously.
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New York is the best example of how the government can be able to regulate a certain industry to the extend that it is already virtually choking it with so many requirements that must be submitted before one can do business. You are not only overtaxed here, the policies can be changed anytime those in power wish to do so. Now, what is the best thing to do? Get out of New York and go somewhere else where regulations can be really friendly like Texas or maybe Florida which are politically under the influence of the conservatives. I am sure there is a bigger market away from New York.
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Looking at how many Bitcoin could have been lost already...meaning they are not anymore recoverable and lost in the digital space...I feel that they are a huge waste of something that is already valuable. And for now, there is nothing we can do about it. On my own experience, I have a minute amount of Bitcoin somewhere in an exchange - I think it is Bitmart - and I was then so naïve that I lost my Google Authenticator and then I never safeguarded the special code and then when I contacted the exchange about it, they send me so many things that I must submit even including the very date and the source of the assets I have in their exchange...and since I could not comply I just considered my BTC to be lost forever.
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This post made me cry and it is because I can really feel the extreme hardships and difficulties that people of Ukraine are experiencing right now due to mad invasion by Putin. And that is why we must really be supporting the people in there so they can survive this ordeal and one day get back to their normal lives. The outpouring of support for the cause can be heartwarming and is a big reminder to all of us how Bitcoin can be a big tool for the good of humanity. Bitcoin can be the best tool for humanitarian concern and I am sure that people will always remember this into the future. I am also particularly happy to note of that rice farming project right here in my own country courtesy of people who extend their generous help...am thinking right now of maybe also putting up a project for my own community now reeling with a lot of challenges including the increasing prices of foods and common commodities. Thanks for this post.
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Offering your house for sale using Bitcoin in this forum can just be a futile exercise. I am advising that if you are serious with the idea, the best thing to do is to maybe post the same in your local online forums or any means to get the message (like social media) out for you to be able to meet a local buyer as no one will be buying your house from international market. Now, am sure that not all people got Bitcoin in buying a house so that best alternative is to sell your house in your local money and then buy the Bitcoin you want. Anyway, good luck on your endeavor. And if ever you eventually find someone as buyer and the transaction get through please update us here.
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I am taking this good news as another milestone for Bitcoin even if the recognition as a legal tender is just for a small economic zone under Honduras but if proven successful am sure there can be a big push to make it officially a legal tender in the entire country. Now, am sure that many maybe looking at Honduras as just another small country just like El Salvador but considering that for Bitcoin to be recognized as such is a long and winding process...I would still consider this move as a victory for BTC. Can we expect more small countries to be the ones leading the pack for Bitcoin as a legal tender? You bet and there can be more coming maybe even within 2022.
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