Post
Topic
Board Bitcoin Discussion
Re: Bitcoiners will one day hawk bitcoins on the streets
by
SquirrelJulietGarden
on 24/08/2025, 13:43:55 UTC
Soon Bitcoiners will start selling Bitcoin the way dollars is been sold in the local market. It might sound unrealistic but the future is not far fetched.
Bitcoin is different than the US. dollar and all fiat currencies as bitcoins are created by Proof of Work mining activities from Bitcoin miners while the US. dollar and fiat currencies are created by governments and central banks.

Compares Bitcoin to US. dollar or fiat currencies is wrong and new bitcoins appear from Bitcoin block subsidy are not actually sold on the market. It's wrong to say it is dumped on the market too as Bitcoin miners can hold or sell bitcoins from their block rewards, we can not know it. There are times Bitcoin miners hold their bitcoins and there are other times they sell their bitcoins. There are also times for Mining Capitulation with many small and weak Bitcoin miners sell their bitcoins on the market.

Quote
This will happen mostly in the less developed nations especially African countries. With all due respect to Africa and Africans but this will happen someday. You see the way airtime is been sold across the streets with different prices ranging from one hundred naira to one thousand naira? that is how it be.
Whether you are living in either big or small nations, if you realize inflation issue of your national fiat currency and want to find a way out, you can consider some good investment assets in long term like Gold and Bitcoin. It's depends on you but with me, Bitcoin is a better investment asset than Gold.