Topic: I'm happy I can finally say something about bitcoin. (Read 711 times)

On January 3rd 2009, Satoshi Nakamoto created the Bitcoin network as a form of cryptocurrency. It was the first time in the history of money that someone was introduced a form of money that is absolutely intangible, does not exist in a any physical form; which means that it was introduced as a form of money can be used as a means of exchange yet can not be touched or physically felt.

More importantly, Bitcoin was introduced as a form of money that is completely decentralized. Bitcoin network was introduced as a system of money that totally forbids any form of control by governmental or private institutions including the brain or brains behind it's existence. Bitcoin was created to run on a digital ledger called the  blockchain technology.

This system of money was completely new to human existence when it was first introduced as there's never been a similar system of money that was ever adopted as a means of exchange and that was why many people who got the knowledge of Bitcoin at it's early stage of existence never believed that it was going to be a successful project. It was because of the numerous uncertainties surrounding the possibility of the digital coin to succeed that made many people who got the first hand information about Bitcoin to  neglect it even when it would've cost them very little or no money to own hundreds and thousands of bitcoins then.

Despite the doubt by majority of the people who were introduced to Bitcoin as it's earliest stage about the possibility of the coin to achieve the projected purposes it was created for, Bitcoin went on to defile all odds and successfully become first cryptocurrency project that was approved as a means of exchange and store of value in global market.

Today, Bitcoin is currently used as a means of exchange many countries and provinces of the world and just 15 years after Bitcoin was launched, a piece of Bitcoin is currently a little above 65,000 US dollars. The people who never believed that it'll become a successful project hence failed to invest in it when it was first introduced are now living a life of deep regret.

Bitcoin today is considered as the future global currency because of it's ability to solve global financial problems like allowing people from different parts of the world to transmit money at will, anywhere in the world and at any given time. Bitcoin is no longer solving the financial problems of 50-80 million people in one particular country instead, it's now solving the problems of more than 7 billion people and that's why Bitcoin network will continue to expand across the globe until it finally becomes a legal system of money in all parts of the world.

Considering the rate at which Bitcoin is spreading across the globe, it might be globally accepted as a means of exchange in all parts of the world in 10 years to come.

Considering the rate at which Bitcoin is spreading across the globe, it might be globally accepted as a means of exchange in all parts of the world in 10 years to come.

I completely agree with you that there will be no success that can be achieved without knowledge and as you have said without knowing the right time to enter the market of course this will influence someone in making decisions so this will affect the results of the investments they make.
If someone makes an investment because they see the results that other people have gotten and don't have the slightest understanding about investment, of course this will make them make the wrong decision on the investment they make which will result in them losing money, so it is important for everyone who carries out their investments first. first learn so that they know the limits of what they can do and can prevent them from large losses when they invest.

I completely agree with you that there will be no success that can be achieved without knowledge and as you have said without knowing the right time to enter the market of course this will influence someone in making decisions so this will affect the results of the investments they make.

If someone makes an investment because they see the results that other people have gotten and don't have the slightest understanding about investment, of course this will make them make the wrong decision on the investment they make which will result in them losing money, so it is important for everyone who carries out their investments first. first learn so that they know the limits of what they can do and can prevent them from large losses when they invest.

There is no chance of getting success in any investment if you do not have the right knowledge, especially when it comes to bitcoin which is actually quite volatile so that it can affect people's decisions in taking an approach to it. We will get financial freedom if we understand the right investment pattern, not by looking at the success that people have achieved in bitcoin. The mistake of many people is not understanding investment and they only see people's success in taking investment opportunities and in the end they experience losses under certain conditions because they do not understand the journey of bitcoin which is so volatile.

Knowledge will give people the opportunity not to panic in a downturn because bitcoin has a repeating cycle that should not need to panic in such conditions. But because their knowledge does not know the journey of bitcoin, that is where the mistake lies in making the final decision to cut losses.

Agreed, many people know about Bitcoin but not everyone is aware. Because of which not everyone can succeed from it. But those who will stick with it consciously can definitely get a financial freedom in the future which is not impossible. However, Bitcoin is still not legal in most parts of the world. But the public's willingness to use Bitcoin continues to grow. Governments are not able to reduce its use by various restrictions. And while they are failing, many of them are also thinking about how to adopt Bitcoin. Bitcoin is a financial freedom that no one can stop, no matter how hard they try. Earlier, Bitcoin was purchased at the individual level, but now the interest of institutional investors is gradually increasing and will continue to do so in the future.

When do you think is that going to happen? The truth is, some governments will never be able to accept and allow Bitcoin in their countries as long as they don't get changed, maybe if the old rulers are removed and replaced with new ones who understand the potential of Bitcoin and the technology and realize how useful it can be for them and their country, then they may think of allowing it after putting strict regulations and laws around it.

Bitcoin is something that the government can't fight it directly but can fight it indirectly through the Centralized Exchanges and Centralized Mixers. And anything that is centralized and connected Bitcoin they can fight against it. And that is the case in your country. The government is fighting against Bitcoin through the exchanges yet the youth and other users if the digital currency is still active and because of the self custodial wallets use by these people the government can't stopped Bitcoin and the uses is continues.

And day by day the number of people using Bitcoin in the country increase tremendous. And the knowledge of Bitcoin about Bitcoin is widen. And the good part of if it all is that whether government accept or approved it or not, people are using it and government can't stopped them.

I can tell you vividly that this has been the situation in my country and Bitcoin. The government have continually tried to fight Bitcoin and even cryptocurrency at a general but the whole thing is actually centered on Bitcoin. But the good thing is that the whole youth and citizen of the nation have proven resistance to this as everyone continue to find other strategy that would provide effect use of Bitcoin no matter what.

Just consider the fact that we are going to be seeing a lot of the best things possible happening to bitcoin by governments not only accepting its existence, but putting good laws into it as well, saving people from scammers and also keeping it legit and a commodity as well. So all in all, I think we are on the right direction.

The newest revelation that has led many to accept BTC is the fact that the government of any country can either chose to adopt it as a legal tender or use it in addition to their countries currency by merely regulating its activity. Now, that's a big plus for something that was seen as a chaos waiting to happen, hence why many governments created their CBDCs to prevent or discourage their citizens from patronizing cryptocurrencies like Bitcoin for real because of the lure of what digital currency stands to represent and project.
It's now very potent, in that all the sayings and thought of the first and popular cryptocurrency, Bitcoin failing, has been disproved.

A time will come when the world governments would have no choice than to adopt BTC and cryptocurrencies as a recognized means for payments after transactions because because of its consistency in proving regulators wrong and doing the needful where our regular commercial Banks fail or fall short.

Agreed, many people know about Bitcoin but not everyone is aware. Because of which not everyone can succeed from it. But those who will stick with it consciously can definitely get a financial freedom in the future which is not impossible. However, Bitcoin is still not legal in most parts of the world. But the public's willingness to use Bitcoin continues to grow. Governments are not able to reduce its use by various restrictions. And while they are failing, many of them are also thinking about how to adopt Bitcoin. Bitcoin is a financial freedom that no one can stop, no matter how hard they try. Earlier, Bitcoin was purchased at the individual level, but now the interest of institutional investors is gradually increasing and will continue to do so in the future.

Almost all humans know about Bitcoin, but not everyone is in it, Bitcoin is still an alternative not a medium of exchange in all parts of the world because there are still countries that prohibit the use of Bitcoin. No one knows what will happen in the next ten years, especially for the issue of medium of exchange. Bitcoin will definitely continue to find a place for everyone because the potential it has continues to show positive changes for everyone who dares to get involved in it.

Bitcoin provides space for anyone to achieve financial freedom and Bitcoin also excels in maintaining value so that many people are aware of saving Bitcoin. Let's hope that in the future bitcoin will continue to be as it is now so that people have the option to achieve financial freedom by getting involved in it.

Why I said you replace another people threads because what you have said have been said or created by users so all what your said is just like a duplicate from those ones. I don't mean that you copied exactly what they from them no but others have created it. But nothing bad what we all need is the knowledge in the technology because without the knowledge nothing will come. But when you have known then to participate and defending oneself is possible but if you are not knowledgeable in bitcoin then it is not possible for you to say something about bitcoin in the public domain.

We are all learners here but there are some threads we wouldn't create again because it looks childish. But as a newbie like you are free to create to know more.

Not only you have been helped by Bitcoin during difficult times, but there are many people who have believed in Bitcoin and they have all felt helped by Bitcoin when times were difficult. And if you are one of the many people who have been helped by Bitcoin because you already believe in Bitcoin, now is the time for everyone (including you too) to return to buying Bitcoin whenever you have the money and ability to do so. Because saving money alone will not save you from unexpected difficulties in your life.

A general knowledge that every newbies should know about Bitcoin is exactly what this sounds like to me, a professional Bitcoin holder or trader most likely have this basics if not they wouldn't have gotten to their current levels with Bitcoin investment and trading, you must have understood Bitcoin enough to a very great extent to be able to know how well to trade or invest to the point you will be called a bitcoins trader or an investor. Bitcoin is something we shouldn't be seen as our job opportunities except as a full time trader because I believe you can still be able to make a whole lot of such knowledge as it's been expected,but anything aside trading of Bitcoin, just an investor can never be a reason you will have to say you are working or seeing Bitcoin as your occupation because as an investor you will have to wait a while for profits.

Thank you for your words of encouragement. I actually did not rephrase any initial post on the forum or did I copy this particular post from anywhere. I was finding it extremely difficult to understand the basics of Bitcoin in general until recently that I had to read few journals and documentaries about Bitcoin and what I posted was my own little way putting out what I understood. Going forward, I'll continue to learn more about one of the greatest innovations of man(Bitcoin)