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Author Topic: How does Bitcoin work in a way that everyone understands  (Read 220 times)
Zanab247
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December 26, 2025, 08:45:19 AM
 #21

Everybody no say BTC is a decentralized asset that is not control by federal government or state government, e pump and dump through d influence of supply and demand in d industry. Everybody understand say your key is your BTC, nobody can have access to your BTC without your approval, because u are d only one that no d password to your wallet address and it will be hard for other people to have access to your BTC. Through bull run and bear run make people to no wen to step into d market to buy or sell their BTC, because during d bear market u will be seeing investor buying BTC and hodl for long years while bull market is a favourable market for those that have been hodling BTC to sell some part of their BTC or all the BTC in d bull market to earn profit at the moment.

Na so BTC dey take dey work to favour Bitcoiners in d industry.


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December 26, 2025, 02:06:18 PM
 #22

Everybody no say BTC is a decentralized asset that is not control by federal government or state government, e pump and dump through d influence of supply and demand in d industry. Everybody understand say your key is your BTC, nobody can have access to your BTC without your approval, because u are d only one that no d password to your wallet address and it will be hard for other people to have access to your BTC. Through bull run and bear run make people to no wen to step into d market to buy or sell their BTC, because during d bear market u will be seeing investor buying BTC and hodl for long years while bull market is a favourable market for those that have been hodling BTC to sell some part of their BTC or all the BTC in d bull market to earn profit at the moment.

Na so BTC dey take dey work to favour Bitcoiners in d industry.

An investor is always ready to buy. An investor never waits for a market to fall or will never wait for a rising market. An investor is always ready to buy at any price.

The biggest reason why everyone is moving towards Bitcoin and everyone is interested in investing in Bitcoin is that Bitcoin is completely decentralized and the supply of Bitcoin is very low. Due to which everyone is moving towards Bitcoin. No bank or government has any control over Bitcoin. The supply of Bitcoin is low and Bitcoin is decentralized, so everyone is moving towards Bitcoin and due to the increase in demand and the low supply, Bitcoin coin has now transformed into a digital asset.

Mekie21
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Today at 03:08:32 AM
 #23

I personally think Bitcoin is really easy to understand. Anyone who is knowledgeable enough to make use of the internet literally can be a bitcoiner.
The concept is just like that of normal currency only that you have a lot of control unlike fiat that government controls everything. No central authority that decides how your money moves... This is what makes it secure and private.
The concept of Bitcoin is one to be embraced.

You're right, if you can operate the Internet you can easily understand Bitcoin, you don't need to start reading to understand, you just need someone to tell you what to do. because is not demanding , if you are not a trader. You have to learn how to buy and sell, that's all you need nothing more.

Bitcoin is very easy to invest in, because you're not going to fill any form, zero stress and full control of your money, nothing hard about it, Bitcoin should be taught in our primary school to help the young ones to understand it at early stage of life.

I disagree with you on this, it’s not every one that can operate the internet that’ll easily understand Bitcoin, you’re forgetting the technical aspect of it, if a newbie knows how to operate the internet and start accumulating the Bitcoin with the idea of just buying and selling, when the market is on a bearish trend, they’ll easily back off because they’ve zero knowledge of what they are embarking on, you let them do their on findings and not follow the speculations so they’ll be well equipped to phase the bearish momentum.

Also, what you control per say is your private key, the blockchain stores your assets for you. Once your private key is compromised any other person can get access to your money.
Bishop Victor (OP)
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Today at 05:44:17 AM
 #24

In addition to what you just stated above, another factor that made Bitcoin work in a way that everyone understood it is the fact that Bitcoin is transparent, that is it's transaction can be track on the Bitcoin Blockchain. Bitcoin is universal, that is Bitcoin doesn't below to any region, but rather belongs to all, which is one thing that have strengthen it's community right from day one. Because the few people that started the Bitcoin development trusted it so much and never gave up on it.
Bitcoin succeeded because it is open, global, and built on trust in code rather than trust in authorities, and that early believers played a big role in strengthening the system.
Bishop Victor (OP)
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Today at 05:55:32 AM
 #25

I personally think Bitcoin is really easy to understand. Anyone who is knowledgeable enough to make use of the internet literally can be a bitcoiner.
The concept is just like that of normal currency only that you have a lot of control unlike fiat that government controls everything. No central authority that decides how your money moves... This is what makes it secure and private.
The concept of Bitcoin is one to be embraced.
Bitcoin, you are in charge of your own money. Transactions happen directly between people, without needing permission from a third party. This lack of central control is what he believes makes Bitcoin more secure and more private than traditional banking systems.
Bishop Victor (OP)
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Today at 06:01:07 AM
 #26

I personally think Bitcoin is really easy to understand. Anyone who is knowledgeable enough to make use of the internet literally can be a bitcoiner.
The concept is just like that of normal currency only that you have a lot of control unlike fiat that government controls everything. No central authority that decides how your money moves... This is what makes it secure and private.
The concept of Bitcoin is one to be embraced.

You're right, if you can operate the Internet you can easily understand Bitcoin, you don't need to start reading to understand, you just need someone to tell you what to do. because is not demanding , if you are not a trader. You have to learn how to buy and sell, that's all you need nothing more.

Bitcoin is very easy to invest in, because you're not going to fill any form, zero stress and full control of your money, nothing hard about it, Bitcoin should be taught in our primary school to help the young ones to understand it at early stage of life.

I disagree with you on this, it’s not every one that can operate the internet that’ll easily understand Bitcoin, you’re forgetting the technical aspect of it, if a newbie knows how to operate the internet and start accumulating the Bitcoin with the idea of just buying and selling, when the market is on a bearish trend, they’ll easily back off because they’ve zero knowledge of what they are embarking on, you let them do their on findings and not follow the speculations so they’ll be well equipped to phase the bearish momentum.

Also, what you control per say is your private key, the blockchain stores your assets for you. Once your private key is compromised any other person can get access to your money.
When people say you control your Bitcoin what you truly control is your private key. The Bitcoin itself is recorded on the blockchain, not stored in your wallet. If your private key is compromised, anyone who has it can access and move your funds, which means responsibility and security rest entirely on the user.
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