Bitcoin Forum
August 14, 2022, 10:09:27 AM *
News: Latest Bitcoin Core release: 23.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Bitcoin / Bitcoin Discussion / Re: Teaching college students about Bitcoin on: August 10, 2022, 07:56:09 PM
I actually havent been priviledged to tutor large set of students but i remember introducing BTC to my younger siblings and a few of their friends about bitcoin as as a long term savings plan for their graduation i told them that Warren Buffet said that one of the major things to do during an economic reccession such as we have now is invest in ventures that has low capital i now told them if they can buy 20USD worth of bitcoin and allow it remain that it will be their greatest graduation package in the shortest future and 3 of them downloaded their wallets and bought it with their disposable cash....
2  Bitcoin / Bitcoin Discussion / Re: Most BTC you've spent on something? on: August 04, 2022, 10:30:12 AM
I was shopping for my daughters dresses for the resumption of school and i paid some cash and then after long discussion on the way the economy of the world is i then told him that ive saved up some of my cash in btc as a long term investment and i also told him he can do so with any small disposable cash. He then asked me to use the remaining balance which was about 25USD to open a wallet of BTC for him i guided him through the process and did kyc for him and transferred 25USD worth of BTC for him
3  Bitcoin / Bitcoin Discussion / Re: Who is really controlling the Bitcoin market. on: August 04, 2022, 10:19:33 AM
Not only bitcoin, whole crypto market are controlling by traders. There are many big traders and teams of traders in the market who can increase and decrease the price of a coin at will.  Because they trades millions of dollars once. And we invest by looking at market hype and market condition which helps them to meet their target.
[/quote]
Well traders hardly influence or control the value of btc because of their short term profit mentality i could only agree that some whales can have a huge part to play in the btc market
4  Economy / Economics / Re: Social media, now looking more for business than for socializing. on: August 04, 2022, 08:35:52 AM
Social media made people more unsocial. People like to keep in contact with many virtual individuals but most of them are not very active in real-life social programs. Social media is not free, we actually paid them with the knowledge of ourselves which they sell or use for marketing.
[/quote]
I read in a book by stephen covey he emphasized that humans grow from being dependent to independent and that the best and highest form of human existence is interdependence what some people dont understand is that they can leverage on people they see physically because those people may be their key to succeed in the mainstream social media, we dont have to be rude wit people we meet physically and go online to pretend to be who we are not.... when we can leverage on all fronts
5  Economy / Economics / Re: Solar panels set to be mandatory on all new buildings under EU plan on: August 03, 2022, 07:51:20 PM
Yes, very often we see reports of new discoveries and developments that make solar panels cheaper and more practical, and also increase their efficiency. This direction of alternative renewable energy sources is not only very promising for the inhabitants of the planet, but also necessary for widespread implementation, taking into account the current sharp climate change, caused, among other things, by the massive and uncontrolled consumption of coal, oil and gas.
[/quote]
There is a double urgency to transform Europe’s energy system: ending the EU’s dependence on Russian fossil fuels, which are used as an economic and political weapon and cost European taxpayers nearly €100 billion per year, and tackling the climate crisis,” the European Commission said in a statement earlier this week. Currently, 40% of the EU’s gas is imported from Russia at a cost of over USD$110 million a day. Following the Russia’s invasion of Ukraine, the European Commission is turbocharging their original green energy transition with the aim of producing nearly half of the bloc’s energy from renewables by 2030 – doubling the current amount.
This excerpt is from Olivia Lai in Earth.com. So like youve rightly said theres and urgency to minimize usage of oil and gas but theyre basically doing this to eradicate thier depencence on Russian gas supplies.
6  Economy / Economics / Re: Solar panels set to be mandatory on all new buildings under EU plan on: August 03, 2022, 07:42:23 PM
European countries have developed a program for the gradual transition from conventional energy sources to renewable sources of "green" energy, and this is the right and long overdue decision.
[/quote]
Fabricating the panels requires caustic chemicals such as sodium hydroxide and hydrofluoric acid, and the process uses water as well as electricity, the production of which emits greenhouse gases. It also creates waste. These problems could undercut solar's ability to fight climate change and reduce environmental toxics....BYCHRISTINA NUNEZ NATIONAL GEOGRAPHIC.
So we can see that solar panels also has its negative effects on the climate.
7  Bitcoin / Bitcoin Discussion / Re: Micheal saylor and btc on: August 03, 2022, 01:27:59 PM
The father of btc leave btc
So bye bye btc see you at lowest price
Can btc disapeare now ? If micheal satoshi saylor leaves ntc company ?
Time for exit ?
[/quote]
According to coindesk desk hub updated on june 29- 2022 written by Stephen Alpher.
Michael Saylor MicroStrategy (MSTR) on Wednesday morning said it purchased 480 bitcoins for about $10 million – an average price of $20,817 per coin – during the period from May 3 to June 28.The new additions bring company holdings to 129,699 bitcoins (BTC) acquired for $3.98 billion, or an average cost of $30,664 each. At press time, bitcoin is changing hands at $20,100, making MSTR's stash worth approximately $2.6 billion.
So how can someone be buying more 480 bic be said that he is leaving he is more into stratigizing please
8  Bitcoin / Bitcoin Discussion / Re: Ignore the dip and Invest in Bitcoin for long term on: August 03, 2022, 01:16:52 PM
I've tried something like that and I've also run it so that I've felt the incredible amount of profit and have decided to die every shitcoin I've ever owned in the past.
Because Bitcoin has always been the best out of thousands of shitcoins so I have started storing Bitcoins and also trading them some of the assets I already own. Thanks for that really great idea.
[/quote]
you are right sir while some people are worried about buying or selling or hodling im doing all 3 and im doing it with BTC i bought a given value i hodl 50% and i used 50% to trade on a daily as i observe the chart bcuz i dont think this bear season will finish anytime soon but im making the most of my income in little stipends while observing and waiting for the bull run...
9  Other / Beginners & Help / Re: Time to Buy or Sell or Hodl? on: August 03, 2022, 01:00:38 PM

'marketplace' can't determine the perfect time for you to either buy, sell or hodl, it is you that will make that decision after examining so many factors some of which is personal to you, we do not even know the coin you intend to hold or sell or buy, how can you then be given ideas, dyor, it is not too hard to do, after doing your own research you'll gather information, and if you are to ask questions about investment, it will be questions that other members can act upon and give you assitance on.
[/quote]
Youre so right i personally believe that if anyone does dyor and see the charts you can actually decide to do all 3 these season without fear or of loss... for example this is what i did personally i have so much confidence in BTC and i know that we are still in a bear season so theres going to be ups and down before we finally get bullish on BTC so i bought at 20USD worth, i hodl 10USD and ive been trading with the other 10USD by doing so even in the bearish market im earning some units
10  Economy / Economics / Re: Henan Bank decides to use citizens money for investment on: August 03, 2022, 12:47:31 PM
Imagine a situation where you have worked for your money and put in the bank but at the end of the day can't access them simply because your government decided that it would be the best fund to cater for development of the country!! That's the rude awakening citizens of the Henan village of China got.
 
I beg to differ Sir ive gone through a few materials on this and from the info ive gathered this is more of a fraudulent/embezzlement case than investment. According to a Marxist column KST 01/08/2022 the police had been on the hunt for Sun Zhenfu a former VP of Xuchang rural commercial bank which sponsors or controls about 5 subsidiary rural banks of which henan bank is included he was wanted for serious economic crimes which has affected  about 400000 depositors. The China Banking Regulatory Commision(CBRC) has stepped in to do some refund due to the massive protest. There are also speculations that the Chinese Communist Party has a hand in whats happening because during this protest the Covid-19 health code of all the rural depositors turned red suddenly. and when this happens the person is being banned from public places... Although the Communist have come out to arrest those who tampered on the health code of the protesters none of them has been prosecuted. so its assumed that the Government has an idea of whats going on
11  Bitcoin / Bitcoin Discussion / Re: 1 Billion Bitcoin users by 2024 is possible with increased access to electricity on: August 03, 2022, 11:51:50 AM

The economies of developing nations might be very insignificant when compared with developed nations but it can have a positive impact on the Bitcoin space. And this can be achieved if developing nations have access to electricity. Seeking cheap alternative and innovative means of power such as solar powered phones and computers can be a good starting point. Instead of buying an entire solar system which includes batteries, inverter, panel, etc, an affordable phone or laptop with inbuilt solar system would be ideal. These developing nations might no have the financial power, but they have the population.    

[/quote]
Research has shown that as at 2020 100% of the population in china had access to electricity and considering their population1.45trilion which is slightly higher than african population 1.40 trilion 73% of them has access to the internet while in africa 22% has access to the internet yet this doesnt neccesarily reflect the number of chinese using Bitcoin. The factors that determine or affects the population of bitcoin users(especially in africa and other underdeveloped regions) is far beyond power generation it includes also the following:1. Affordability of handset, data 2. Lack of digital skills and literacy 3. Lack of content in local languages 4. Governmental policy and other internal regulations 5. Inflation etc
12  Local / Other languages/locations / Re: Nigeria (Naija) on: July 18, 2022, 02:27:55 PM
One of the biggest mistakes we nigerians are making is that we think that structures are only applicable to election polling units and electoral process but thats not true. even if the youths move and votes PO the senate and house of reps are the internal organic structures that is the key to a successful tenure, PO will likely spend the first four years trying to lobby the already existing political structure APC and PDP in the senate to pass his bills and the masses will then begin to complain that he is not delivering on time. this is why many elite prefer the already established existing structure. even obama quietely followed same route to the top... my problem with obidients is that they think he will salvage nigeria.... NO he will only do his part even if it was Tinubu he will do his part ... even Abraham lincoln with all he did na person been get mind go assasinate am... i beg make we lower our expectations and vote for the best.. emilokan
13  Other / Off-topic / Re: Which sport interests you!!! on: July 18, 2022, 02:12:55 PM
I use to play Dart, and Chess , but now what i love to play is Outdoor and that is Badminton ,
i can clearly see why youre different from the rest of us newbies... the choice of sport that a person loves can relate to a persons ability to succeed in this forum. most of us love team sports like football, basketball etc but i believe if a person loves individual sports like tennis, badminton you must have mastered the art of staying consistent without needing any form of encouragement by so doing you have the qualities to thrive in this forum... psycologically
14  Other / Beginners & Help / Re: Why it's so hard to rank-up? on: July 18, 2022, 02:04:21 PM
I  as a newbie may not be in the best position to educate another person on how to rank up but every passing week my impression about this forum evolves i gain more knowledge from the system and it helps me to modify how i put out post constructively, also another thing that has helped me to keep comin back is when i see how my mentor made 40USD and keeps telling me about campaigns it motivates me to keep improving, when i asked him how he grew to the level he is he told me he creates 4 hours every early morning hours and he works in the night too to put out posts whether they merited or not he keeps going...  think if i apply same grit i would get similar result if not better
15  Economy / Economics / Re: The interest in Bitcoin in Turkey on: July 18, 2022, 01:42:37 PM
Some people are seeing the last year ban of crypto in Turkey as a wrong signal for crypto investment but we should know that this is in no way affecting them from investing in cryptocurrencies because as it is they can leverage on crypto to achieve 2 things viz; they can either get into crypto to secure their assets knowing that its safer or they can also go into crypto currency as an investment. the current slump in crypto market may seem discouraging but its assurance is far better than their 24 years of continous economic downturn or inflation.
 
16  Economy / Economics / Re: Regulation seem like the only option left on: July 18, 2022, 01:07:23 PM
Although the anonymous and decentralized nature of crypto makes it hard to be regulated, crypto is a global force that every nation is directly or indirectly identifying with and the popularity, acceptability is on the rise irrespective of the season(bullish or dump). The IMF, UK and USA are fully aware of how their actions and inactions can easily influence the crypto market, so although they may not be able to regulate it from the inside they will create a policy that will appeal to human consciousness and thus change the course of things, if comments from individuals can cause massive impact on the crypto market how much more this world economic power houses?. Secondly, crypto is also a safety net for the every governments because there are certain underlying financial activities that they may carry out and would want to keep a low profile so they may never subscribe to a regulated crypto market. So i dont see any form of regulation in the forseable future   
17  Economy / Economics / Re: USA dollar and USA economy are Not Same on: June 22, 2022, 10:35:57 AM
its not the same the economy depends on the value of the dollar there are many other internal factors that determines the economy; Personal Consumption Expenditures. Consumer spending contributes almost 70% of the total United States production, Business Investment, Government Spending,Net Exports of Goods and Services.
18  Bitcoin / Bitcoin Discussion / Re: The Paper Money Revolution on: June 22, 2022, 09:54:23 AM
Both usage and form of money has evolved over the ages before money, people acquired and exchanged goods through bartering. The world’s oldest known, securely dated coin minting site was located in Guanzhuang in Henan Province, China, which began striking spade coins sometime around 640 BCE, likely the first standardized metal coinage. Parts of Europe were still using metal coins as their sole form of currency until the 16th century.
The first paper currency issued by European governments was actually issued by their colonial governments in North America. Because shipments between Europe and the North American colonies took a long time, colonies often ran out of cash. Instead of going back to a barter system, the colonial governments issued IOUs that traded as currency. The first instance was in Canada (then a French colony). In 1685, soldiers were issued playing cards denominated and signed by the governor to use as cash instead of coins from France.14
Around 700 CE, the Chinese moved from coins to paper money. By the time Marco Polo—the Venetian merchant, explorer, and writer who traveled through Asia along the Silk Road between 1271 and 1295 CE—visited China in approximately 1271 CE, the emperor of China had a good handle on both the money supply and its various denominations. Due to the tangibility and assessibility of paper money it will be difficult or nearly impossible to phase it out any time soon...


The History of Money: Bartering to Banknotes to Bitcoin
https://www.investopedia.com

19  Bitcoin / Bitcoin Discussion / Re: The Paper Money Revolution on: June 22, 2022, 09:15:15 AM
Both usage and form of money has evolved over the ages, before money, people acquired and exchanged goods through bartering. The world’s oldest known, securely dated coin minting site was located in Guanzhuang in Henan Province, China, which began striking spade coins sometime around 640 BCE, likely the first standardized metal coinage. Parts of Europe were still using metal coins as their sole form of currency until the 16th century.
The first paper currency issued by European governments was actually issued by their colonial governments in North America. Because shipments between Europe and the North American colonies took a long time, colonies often ran out of cash. Instead of going back to a barter system, the colonial governments issued IOUs that traded as currency. The first instance was in Canada (then a French colony). In 1685, soldiers were issued playing cards denominated and signed by the governor to use as cash instead of coins from France.14
Around 700 CE, the Chinese moved from coins to paper money. By the time Marco Polo—the Venetian merchant, explorer, and writer who traveled through Asia along the Silk Road between 1271 and 1295 CE—visited China in approximately 1271 CE, the emperor of China had a good handle on both the money supply and its various denominations.


The History of Money: Bartering to Banknotes to Bitcoin
https://www.investopedia.com

20  Bitcoin / Bitcoin Discussion / Re: Real-estate & Crypto on: June 20, 2022, 02:44:22 PM
We can juxtapose(compare and contrast) both crypto and real estate as key areas of modern investments in real estate maintenance, supervision and leasing of the facility on yearly basis can be can sometimes prove to be cost effective but in crypto the only issue of concern is the volatility so as a long time investment crypto is better. According to Forbes list of 2022 Richest real estate owners we have the following as te top 3:
Donald Bren Net Worth: $16.2 billion (Up from $15.3 billion in 2020)
Stephen Ross Net Worth: $8.3 billion (Up from $7.2 billion)
Sun Hongbin Net Worth: $6.9 billion….
These men are not among the top richest men in the world but the richest man in the world Elon Musk has not only invested in crypto but also publicly identifies with it. This shows tat crypto is a veritable area of investment.
Also while real estate is a tangible area of investment crypto can be used to buy this assets also for long term sales
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!