Daramola Abiodun T

Thanks for this explanation. One of the best explanation as regards the differences between different bitcoin measuring units. I really understood it perfectly now. Kudos for such deep and indepth explanation. God bless you richly. Stay blessed

The emergence of bitcoin has created prosperity for the youth and the unemployed. It is truly a blessing in this 21st century. Up to an extent, it has lifted many families out of poverty on a daily basis. It has also given anyone around the world opportunity to own digital money. It has given opportunity to third world countries to spend digital money on like Paypal and other payment processors that limited some part of the world. Once again, I join others to say thank God for such initiative and thank God for bitcoin.

Yeah! Indeed, bitcoin and indeed all crypto currencies are blessings for African countries. Most of the countries in Africa have leaders that knows about their pocket only and careless about the masses. They will do everything to block any means by which prosperity can come to the people so that they can continue to rule and their children. They don't want the poor to get rich. But thank God for bitcoin initiatives that made close the wide gap between the rich and the poor through trading.

Yeah! You are right.trading is the best way to make cool cash online. However, it require expertise in trading successfully and making meaningful profit. If you gamble with trading without adequate knowledge, you can lose your whole capital under few minutes. Therefore beware of trading despite its high potential of making you rich.

This is a good reasoning. There is no doubt about it, the anonymous nature of BTC made it possible for it to become means of transaction for evil ones. The truth now is that Government of the world cannot stop it. There are many wallet provider that doesn't require registration of any sought before you can use it. This therefore will make it more difficult to trace the person that did the transaction. However, we cannot throw away the business where we are getting our daily needs settled. So many people depends on crypto currency to survive. I think the best way to deal with this issue is for all blockchain technologist to come together and see what can be done to trace any suspected or large some amount of crypto or fiat transaction.

Yeah I have multiple wallet where I can store BTC. I think you have raised a very good suggestion. It will ensure anonymous type of transaction. It will protect your fund as well. Much more than that, it's good to use different phyaical storing devices.

Presently now we even have coin that is expensive to get than bitccoin. It is called yfi. I think bitccoin follows and many other coins that are below $1k. The like of ETH, BCH, Yo, and many others. But the fact remains that BTC now has senior coin.

Actually, there is cheating in the traditional financial system of the world. This alone is sufficient to enable people accept anything that is different from that system. People trusted BTC because it allows them to conduct transaction anonymously. Not only that, you can own 1billion worth of BTC in your wallet without government knowing and tracing you. All these contributed to the reason why people trusted BTC even without knowing the creator.

Reaching the maximum mineable amount will not make people to drop it. But rather becomes scarce and highly value asset. Only the rich will be able to afford it then and it be like gold now. Also, it will give room to other coin to rise in value especially ETH and few others that are well known too.

I do not support manually regulating bitcoin. It will violate the decentralization aspect of it. So many things will be at stake. So I will say it shouldn't be regulated manually. And the crypto industry should stand against such move by any government or agent.

To my best of knowledge, beginners will only invest in either btc or ETH because these are the two they likely to have heard about. It is after they are familiar with crypto world that they will beging to think of other coins. This is my own thought though.

I do not think it depend on China. Of course the creator is not even known and the name of the creator doesn't sound like Chinese name but rather like Japanese name. So China can't even claim the ownership. However, the main reason that is causing the upward move or downward move when China talk about crypto currency is because of their large market potentials. Anything China approves and engage in will boom with population of over 1.3billion people.

If that happens, it will be a miracle, as it will broadcast bitcoin even more that it is now. But we should not deceive ourselves, world bank cannot accept bitcoin nor will they accept any decentralized digital money. You know why, it doesn't suit their style.

I believe this depend on what you want. Some may decide to sell it and some may decide to hold it. However, I believe if one can study and analysis its movement very well using critical levels like support and resistance, one should be able to predict how far down will it go and at what price is it likely to make a uturn. If you have this basic info, you will not be panic to sell but you will rather buy more at that lower price and then ride it up again for more profit.

As for me, I hold different view. I dont think it's possible to create fake btc. For to be done, certains things are needed. It range from getting the source code, running on different blockchain. I dont think it's possible to have the same coin with the same name running on blockchain

Very well. There are many coins that the fluctuations of btc also affect.. In fact 2017, as bitcoin was rising and hit $20k, that influenced ETH to reach above $1300 too. I have discovered that as btc goes up in value, many coins follow suit and as it come down, many coins drop in value too.

I don't trust all these bitcoin generating site at all. I don't think it worth the effort. After you're asked to perform certain task, you later discover that you can't withdraw your fund. So I dont believe them. Some will also say that you should firstly deposit certain amount first which I believe they will scam you of your hard earned money.

Nothing is in impossible. You see, just recently, yearn finance coin yfi surpassed the price of Bitcoin. As a matter of fact in about 4weeks ago, one yfi coin can almost buy 4 btc. It's that crazy. Though the its price has gone down too but any coin can surpass bitcoin both in price and in market capitalization in the nearest future. However, bitcoin will remain the most popular in the crypto space till a very longtime to come.

My believe is that any asset that draws the attention of traders like bitcoin will be volatile. The volatility there is as a result of huge volume of daily trading. It accounted for the majority of daily trading crypto. Millions trade it around the world every day.

Though I appreciate you for the detail explanation of paper wallet. But don't you think it's also dangerous since you said that once the paper is gone for one reason or the other, one will lose the coin, that is a great disadvantage to me. There should be a way to back it up just like other ways too.

Converting bitcoin for cash is the easiest thing to do now in crypto space. With many exchangers services that permit you to withdraw directly to your bank has solved that puzzle. You can use to buy things online. You can convert it other coin and then sell for cash

Before now, I use to believe that satoshi Nakamoto is the creator. However, reading now that a man came out to claim its ownership is surprising. Though I can't complete fault the claim, but it doesn't look real. The real owner wouldn't want himself to be identify since he created bitcoin to be decentralized.

Tether stable isn't the most used crypto currency but the most used stable coin in the world. This coin found its way among the top crypto currencies in the world with huge market capitalization.

For me, I don't see bitcoin failing at all. Why will it fail when it's decentralized and it's not under any government control. Till now, government of the world are looking for its downfall. Since it did not support their evil system and practices of injustice

Maybe I would have chosen gold some years ago. But why will I choose gold in the presence of bitcoin. Let's say gold is even valuable serious too, but it can't beat bitcoin in price or value. Bitcoin also has huge potential to bring profit to the owner quickly than gold. This is obvious