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Showing 6 of 6 results by Bitsies02
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Topic
Board Bitcoin Discussion
Re: How Bitcoin's technical evolution impacts the modern economy
by
Bitsies02
on 29/08/2025, 22:56:01 UTC
I believe that sometime in the future, perhaps within the next 5-10 years, Bitcoin's role will begin to shift from being merely a speculative instrument to becoming a decentralized financial infrastructure. At the protocol level, this efficiency will increase through the adoption of taproot and layer-2 optimizations, perhaps like the Lightning Network, which will open up opportunities for low-cost, real-time transactions and potentially global scale. Modern integrated payments, open APIs, and user-friendly non-custodial wallets will make Bitcoin more compatible with the needs of the digital economy.
On the other hand, the influx of institutional capital through ETF and custodial platforms will strengthen Bitcoin's position as a digital store of value, in line with the current trend of asset tokenization and the penetration of CBDC. And network resilience is supported by node decentralization, increasing hash rates, and flexible market-based transaction fees.
As someone who enjoys analyzing and studying technology, I feel that these dynamics, along with the ever-evolving regulations, have led me to believe that Bitcoin has great potential not only as digital gold, but also as a foundational layer for transactions, value settlement, and global financial innovation.
what do you think about it?
Bitcoin is no more speculative instrument as stated above
Bitcoin is in decentralised transaction which makes it easier for transactions and widely accepted by many .
Post
Topic
Board Nigeria (Naija)
Re: Not advisable to invest in Bitcoin for the short term
by
Bitsies02
on 27/08/2025, 22:38:44 UTC
You made a very important point here
Because investing in bitcoin for short term can lead to heart breaking when the price drops.
It is very important to use Money that you will not be using for that time to invest and a leave the coins for long time inorder to maximise profits from your investment.
You may leave your coins like 10-15 years without withdrawing
Don't be in hurry to withdraw even when the bitcoin prices drops
Before those years it must have been added value.
Post
Topic
Board Nigeria (Naija)
Topic OP
Am new to this forum ans cryptocurrency
by
Bitsies02
on 17/08/2025, 23:32:38 UTC
From my research about blockchain and bitcoin
Blackchain is a chain of transactions that don't require a third party
It involves opening ledger where all the transactions are centralised and controlled by authorities.
When transactions are made in Blockchain everyone can see  the transaction where the miners will validate the key of the transaction.
The record transactions is linked chronological using cryptography
Why bitcoin is digital currency that is decentralised with recorded transactions without any authority, bank or government controlling it.
My question is how can a bitcoin digital currency transactions will be recorded when no authority, government or bank controlling it?
I appreciate for the reply.
Post
Topic
Board Beginners & Help
Re: Newbie Here, Ready to Learn, Contribute and Take Advice
by
Bitsies02
on 17/08/2025, 21:44:59 UTC
Hello everyone

I joined this wonderful place over a year ago, but I couldn’t stay active due to other activities. Now that I have more time, I am completely ready to give the fullest effort, learn as much as I can, and contribute to the community. Even if I'm still a newbie when it comes to Bitcoin and cryptocurrency, I'm ready to follow the forum rules and improve with the support of the amazing community. I'm also open and willing to hear any advice or help from more experienced members every bit of advice counts in this journey. I'm glad to be here and happy about the journey ahead. Thank you.
Welcome back to the forum.
If you can take the advice, procedures and rules that guides the forum you will understand more and also participate actively on bitcoin, Blockchain and cryptocurrency discussions.
Where trading is recorded in decentralised system.
Stay fous and be active.
Post
Topic
Board Beginners & Help
Topic OP
Am new to this forum ans cryptocurrency
by
Bitsies02
on 22/07/2025, 11:02:16 UTC
Am new to this crypto forum
And i wish to understand more about crypto and bitcoin.
  • How are transactions done in a decentralised way?
  • How are they verified and recorded?

I will appreciate your responses as this will help me to get more knowledge on cryptocurrencies and how they function/work

Post
Topic
Board Beginners & Help
Re: Newbie Here, Ready to Learn, Contribute and Take Advice
by
Bitsies02
on 18/07/2025, 12:29:19 UTC
Hello everyone

I joined this wonderful place over a year ago, but I couldn’t stay active due to other activities. Now that I have more time, I am completely ready to give the fullest effort, learn as much as I can, and contribute to the community. Even if I'm still a newbie when it comes to Bitcoin and cryptocurrency, I'm ready to follow the forum rules and improve with the support of the amazing community. I'm also open and willing to hear any advice or help from more experienced members every bit of advice counts in this journey. I'm glad to be here and happy about the journey ahead. Thank you.
Welcome to the forum bud, I am also a newbie like you and I am very eager to learn as well, I am completely new to bitcoin and cryptocurrencies in general, a friend of mine introduced bitcoin to me some few days ago ,and also told me to join this forum that it will help me learn about bitcoin faster, so here I am, wishing everyone of us who are to this goodluck , fingers crossed 🤞