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lixer
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March 23, 2023, 06:44:50 PM
 #41

Welcome to the forum and I love how positive you are about Bitcoin but why are you adapting to it this late when you have been in the traditional system for so long?
Well just as other users have also said earlier, Bitcoin isn't get a legal tender and until it is declared a global legal, I think people should minimize how much praise they sign of crypto and also try as much as possible to also educate people as well in the dangers possession of Bitcoin can cause due to it's very volatile nature.

I also want you to understand that Bitcoin being like a digital gold just as you mentioned should be seen as an investment option rather than pressuring it to wanting to make it a legal tender.
Not all are lucky to know Bitcoin early and he is into traditional system for so long, so his focus might only be there at all times and he forgot or he doesn't believe on other financial system but it's great that he woke up and realize that the traditional system that he always support is not doing the same thing or care for him.

Bitcoin is already a legal tender on some countries and it's expected that their numbers will grow later on but even if our country isn't among the list, it was still possible to rely only in Bitcoin. Bitcoin originally came out as a currency. This was its main use but being asset is only secondary. We are actually encourage to use BTC actively as a currency as this could help Bitcoin to grow more.

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March 23, 2023, 06:53:42 PM
 #42

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.
I remember the times that I made fiat transaction and it failed, going to bank several times before it was solved, this happens twice to me before.

It is true that fiat is flawed, but we still so much depend on it because people like to support what the government support. We still use fiat for many reasons, some people that are into crypto and receiving salary or wage in bitcoin or other crypto still depending on fiat and they convert their salary or wage to fiat for spending.

But fiat makes us lacks freedom from government, bitcoin gives the freedom. Fiat is also decreasing in value, unlike bitcoin which can be considered as a speculative asset and a  store of value.

I like your enthusiasm but bitcoin has not yet broken the financial system.
Nothing can break the fiat financial system. Bitcoin was not created to breake the financial system. It is just an alternative and we have many types of money, bitcoin belongs to one type which are a valuing asset.

We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it.
CBDCs are not different from fiat, why would bitcoin be banned because of CBDC/fiat when the fiat are existing before bitcoin.

Why is there always concern among some governments or central banks about the potential impact of Bitcoin on financial stability?

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March 24, 2023, 01:34:52 AM
 #43

Welcome to the forum and I love how positive you are about Bitcoin but why are you adapting to it this late when you have been in the traditional system for so long?
Well just as other users have also said earlier, Bitcoin isn't get a legal tender and until it is declared a global legal, I think people should minimize how much praise they sign of crypto and also try as much as possible to also educate people as well in the dangers possession of Bitcoin can cause due to it's very volatile nature.

I also want you to understand that Bitcoin being like a digital gold just as you mentioned should be seen as an investment option rather than pressuring it to wanting to make it a legal tender.
Not all are lucky to know Bitcoin early and he is into traditional system for so long, so his focus might only be there at all times and he forgot or he doesn't believe on other financial system but it's great that he woke up and realize that the traditional system that he always support is not doing the same thing or care for him.

Bitcoin is already a legal tender on some countries and it's expected that their numbers will grow later on but even if our country isn't among the list, it was still possible to rely only in Bitcoin. Bitcoin originally came out as a currency. This was its main use but being asset is only secondary. We are actually encourage to use BTC actively as a currency as this could help Bitcoin to grow more.

You're right senior but on the other hand, have you thought of the transaction fees and it's conversion to other local currencies? I guess no because I recently sent $150 and it almost my broke my heart that I was charged over $9 and when converted to my local currency at the rate of #730 per dollar, that's over 6000 naira, and I see no reason sending Bitcoin to someone in same country with me when I can easily trade my coin and send it to them as local Fiat.
Please don't get me wrong, I'm personally interested in seeing Bitcoin as a legal tender most especially globally even if it wouldn't be now but let it be soon.

R


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March 24, 2023, 02:49:34 AM
 #44

welcome to this forum friends, I hope you enjoy being in this forum.

bitcoin is a digital asset that is currently popular, and we must be prepared to accept the fact that bitcoin has a fluctuating nature.
and very suitable for long term investment.

I hope that by joining you here your knowledge about bitcoin will increase.
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March 24, 2023, 07:02:56 AM
 #45

now a lot of people admire bitcoin because they know the value of bitcoin is very expensive and bitcoin is very popular right now, but you need to look back when bitcoin had no value, even bitcoin was exchanged for burgers, was bitcoin as popular as it is now? of course not, bitcoin has become the talk of the world since its price has soared and if in the future bitcoin returns like it was first created by satoshi will there still be people who want to hold it? of course bitcoin will be lived by many people.
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March 24, 2023, 01:02:03 PM
 #46

I like your idea, but bitcoin is not that far, still very far from it, but people have put their trust in bitcoin which is a good thing, if people keep coming maybe it will be achieved someday.
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March 24, 2023, 01:32:27 PM
 #47

I am very interested in your decision, because before starting something you have learned more and weaknesses of something you want to follow, bitcoin does have a good future and currently very many investors are interested in investing in bitcoin, and bitcoin will not damage the money system and what will happen later economic development will increase with the existence of crypto currency, So to fix economic problems, the government will rely on Bitcoin and fiat currencies to build a more effective economy.

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March 24, 2023, 05:28:30 PM
 #48

We have 100% control over our own money, we do not need the initiative of third parties, we have semi-anonymity, we can protect against all kinds of global inflation and we can test the concept of financial freedom in an experimental environment...

Thank you so much Bitcoin and Satoshi for everything. We have many good reasons to support Bitcoin forever and we are really lucky to be here.

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March 29, 2023, 02:19:02 AM
 #49

how believing the post is but if you are here just to gain merits then surely you will not gather this just for claiming to be a Bitcoin supporter forever because there is no way to confirm that unless you are willing to put all your folio here  Wink
but any way , stay that way and you will help the whole market to increase its value by keeping holding and using bitcoin.

but remember that the world is not supporting bitcoin so you will still need to use fiat and that would change your manner
I like your idea, but bitcoin is not that far, still very far from it, but people have put their trust in bitcoin which is a good thing, if people keep coming maybe it will be achieved someday.
with your logic , then you must wait forever .


we need nothing to please everybody instead do your part, invest and let others follows you.

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March 29, 2023, 02:41:15 AM
 #50

Enjoy your stay here, in the BTT forum and hope you will get some knowledge and information regarding bitcoin and any crypto currencies as well. Bitcoin, will here to stay because it will fix the old ways of financial system we have right now and it is the future of finance that will change and revolutionize the money in form of digital currencies that no one governs and control by any form of entities and even government cannot control it.

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March 29, 2023, 03:14:03 AM
 #51

bitcoin is something new in my life and gives hope to have better finances, from this forum I can learn about bitcoin, its characteristics and how to make money from investing in bitcoin. until during the bearish season this time I didn't experience panic like during the previous bearish season. therefore maybe for the rest of my life I will always be friends with bitcoin which uses a decentralized system with all its advantages

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March 29, 2023, 05:55:41 AM
 #52

bitcoin is something new in my life and gives hope to have better finances, from this forum I can learn about bitcoin, its characteristics and how to make money from investing in bitcoin. until during the bearish season this time I didn't experience panic like during the previous bearish season. therefore maybe for the rest of my life I will always be friends with bitcoin which uses a decentralized system with all its advantages
A key confidence booster for me in the space is paying off debt with bitcoin revenues. I put my entire effort into bettering myself in the field, and I'm working on a strategy to make money throughout both the bull and bear seasons. It's a lifetime endeavor since I won't give up now or in the future. Bitcoin is a solid project, and there's no question that it's going to shoot to the moon; it has done that before, and it is capable of doing it again. Panic only occurs when there is FUD for the market. But as a pro trader with lengthy experience on the market, it's very easier to know and spot good entries on the market.

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June 19, 2023, 09:52:05 PM
 #53

Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

I strongly agree! In total, digitalisation of financial system has brought issues of centralisation. Now, due to this fact, "partly digitalised" fiats are at a high risk of inflation. The other problem is that the wealthiest dollar (and other fiats) holders tend to control BTC by hampering adoption and by setting exchange rates... This brings some centralisation, which, I hope, will be eliminated soon.

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June 19, 2023, 10:27:59 PM
 #54

bitcoin is something new in my life and gives hope to have better finances, from this forum I can learn about bitcoin, its characteristics and how to make money from investing in bitcoin. until during the bearish season this time I didn't experience panic like during the previous bearish season. therefore maybe for the rest of my life I will always be friends with bitcoin which uses a decentralized system with all its advantages

If one has learned the pattern of Bitcoin market, he will never panic sell or worried about its price during the bear market.  Instead, he should be happy DCA-ing as price fluctuate because we all know that after the Bitcoin price crash, Bitcoin has the ability to recover and rally upward which often breaks its ATH.

Only those who do not understand nor are willing to understand Bitcoin sell in an instant whenever the price crashes and I find this a good thing because in the end only people who have strong trust on BTC that will be left.


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June 20, 2023, 06:48:12 AM
 #55

bitcoin is something new in my life and gives hope to have better finances, from this forum I can learn about bitcoin, its characteristics and how to make money from investing in bitcoin. until during the bearish season this time I didn't experience panic like during the previous bearish season. therefore maybe for the rest of my life I will always be friends with bitcoin which uses a decentralized system with all its advantages

If one has learned the pattern of Bitcoin market, he will never panic sell or worried about its price during the bear market.  Instead, he should be happy DCA-ing as price fluctuate because we all know that after the Bitcoin price crash, Bitcoin has the ability to recover and rally upward which often breaks its ATH.

Only those who do not understand nor are willing to understand Bitcoin sell in an instant whenever the price crashes and I find this a good thing because in the end only people who have strong trust on BTC that will be left.


I couldnt agree more. Understanding the Bitcoin market's rhythm is a prerequisite for surviving the volatile waves. Those who cant weather the storm might as well stay at the shore.

DCA is indeed a savvy approach during the bear market. It mitigates risks and averages out the investment costs over time. And with Bitcoin's proven track record of rallying after a crash, DCA has the potential to yield remarkable returns.

The selling spree following a crash often results in an environment where only the resilient hodlers remain. This not only creates a robust Bitcoin community but also reinforces the foundation upon which the cryptocurrency thrives. Your views echo the very sentiment that underpins the spirit of Bitcoin and the wider crypto world.

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balotelli
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June 20, 2023, 07:17:02 AM
 #56

Nothing Is Forever.  Grin

What Was Your Reason On Earth?
Gulttam2a2
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June 20, 2023, 10:46:50 AM
 #57

I pray that Bitcoin will last forever. Bitcoin is a platform that fulfills the needs of many unemployed people. Now many people are making a lot of money by trading in this Bitcoin. I am new to this platform but I have been involved with Bitcoin for many days. Bitcoin is really a wonderful platform which in one word is awesome. I think people who don't know about bitcoin should know about this Bitcoin. Bitcoin price goes up and down. Bitcoin price will go up more in future.
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June 20, 2023, 11:26:48 AM
 #58

Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.
Unfortunately, the world government does not share our interests in Bitcoin(( They are doing everything they can to make Bitcoin strictly regulated, although they themselves are making transactions on exchanges in the shadows))
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June 20, 2023, 12:18:11 PM
 #59

I am very interested in your decision, because before starting something you have learned more and weaknesses of something you want to follow, bitcoin does have a good future and currently very many investors are interested in investing in bitcoin, and bitcoin will not damage the money system and what will happen later economic development will increase with the existence of crypto currency, So to fix economic problems, the government will rely on Bitcoin and fiat currencies to build a more effective economy.
Without a doubt many people and institutions have become quite interested in and invested in bitcoin. As a decentralised digital currency it has showed promise but it is crucial to appreciate both its advantages and disadvantages. The future of bitcoin is still up in the air because it trades on a shaky market and encounters regulatory issues. Other express concerns about its scalability energy consumption and possibility for illicit activities while some think it has the power to revolutionise the economy. Although it is hard to foresee how governments will approach the cryptocurrency world it is possible that they will look into incorporating digital currencies into their current systems rather than relying entirely on Bitcoin.

In order to address economic difficulties and encourage sustainable growth the road to a more effective economy needs a diverse strategy that integrates many financial tools and technology including cryptocurrency.
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June 23, 2023, 05:06:51 PM
 #60

I don't think bitcoin can disrupt the traditional financial system at present but maybe in the near future when people become completely dependent on digital currency then it possible i think. Our current financial system is backed by a centralized government whereas Bitcoin is still a decentralized currency. Moreover, there are still many questions regarding the acceptance of Bitcoin among the users which may not provide transparency to the users. Due to the additional and unexpected ups and downs, it is still challenging for everyone to accept. Some countries accept Bitcoin and some countries reject Bitcoin. They are still relying on their own management instead of accepting Bitcoin.

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