In this August, based on analysis we should expect price swings as august often comes with increased volatility as a result of low trading volume, swings can be both upward and downwards. What we are all supposed to look out for are; U.S. Interest rate decisions which could affect investors risk appetite, Exchange Traded Funds approvals or inflow, Adoption news examples, banks, companies nation-states e.t.c and Regulatory clarity in major markets.

Exactly, Bitcoin can serve as an alternative but not a replacement even it it's adopted by the central bank, Bitcoin value can fluctuate,market not stable, can fall or rise,, depending on different situation cannot easily predict it's store of value, and also security of fund can not be totally assured as cyber criminals always target crypto platforms as they have high value assets which is the coin, and movement cannot be easily tracked,, but if traditional banks are able to put in place  systems or platform that can effectively cut off the inadequacies of operating with crypto, it will go along way helping the adoption and also increase the trust in the use of bitcoins as a media for transactions and other financial actions.

Sorry it's coming a bit late, I have a lot of work on my table, but I was able to maintain my tempo and am happy I did

My Report:100k,Faazs,4,80,2025-08-06.

Exchanges are consistently being attacked by hackers, due to the the fact that they have high value and the security is vulnerable, other reasons are given below;

1) Consolidated trading platforms
Many trading platforms keep users fund in centralized wallets connected to the Internet. At any point in time hackers can break these defence system and steal funds in crypto.

2) Poor Security initiatives
Exchanges have been found wanting in other to reduce cost or increase speed, they tend to cut corners like having fragile user authentication, poor internal controls and vulnerable APIs or archaic software.

3) Enticing for Criminals
Transactions using crypto are worldwide with no borders, swift cause they are settled in short time and they have masked identity, in other words difficult to trace. Makes them constant target for cybercrimes.

4) Threats from within
Workers or people with inner knowledge may sometimes sell vital information, steal funds e t.c.

5) Lack of Rules and poor monitoring
Many exchange platforms lack proper rules to guide their operations and also monitoring is not done well enough so as to punish defaulters who breaks rules and guidelines.


** Prevention Tips for Users**
Users should always try to make use of exchanges with strong security and insurance and also two-factor authentication password should be enabled and I also encourage withdrawal of funds to personal wallets when not used for trading.

My report: 100k,Faazs,3,60,2025-8-5.

== Buying goods or services using crypto has become a trend in the world now, as people are looking to pay for services and goods using crypto. These are examples of platforms that can provide such services;

1) purse.io
You can purchase items on Amazon using Bitcoin, it helps to connect crypto buyers with gift card holders.

2) Bitrefill
You can use Bitcoin, ethereum and USDT to purchase mobile top ups, gift cards and other services. Offers cards for Netflix, Uber and Amazon and it operates globally.

3) Shopify
A lot of stores now make use of crypto for transaction via incorporation. Examples include; Bitpay, coinbase commerce e.t.c.
All dependent on the merchants.

4) OpenBazaar
It's a localized P2P marketplace that also accepts crypto, no middlemen involved.

==They are also platforms that pay for freelancing and services rendered using crypto. they include; Cryptojobs, LaborX and bitwage.

==They are also retailers that accept crypto for payment for services, either directly or via integration.They include; Newegg (electronics dealers accepting bitcoin for payment), Travala (booking of hotels,flight and tours using crypto), Overstock (works with Bitcoin and various currencies) and CheapAir (book travels with Bitcoin).

NOTE:
Always verify the and double check wallet address before making payments, also use platforms that provide escrow services when P2P is involved and always try to verify the seller or buyer using ratings, reputation and escrow.

A new day, at the start of a new week, I hope we all have a great day ahead of all of us ,as we continue to strive to keep Bitcoin strong, I was able to do 20 pushups today and it's like am starting to feel it at my arms and shoulders, it's not easy but am not giving up, I would probably get used to it in know time and step up a bit.

100k,Faazs,2,40,2025-08-04

=True,, things Bitcoin could do to reduce people's need for banks include;

1. Provide a greater reach, i.e with just a phone and network you can get access to your Bitcoin anywhere in the world reducing the need to go to a bank per say.

2. Allow direct transactions amongst users without the need of a middle man, i.e another body to aid the transaction.

3. Bitcoin grants you full access to your funds without strict regulations or policies like banks and it cannot be inflated by a regulatory body like the central bank, unlike currencies that can be inflated.

=Why Banks are still very difficult to replace;

1. Bitcoin stability is in question hence it's risky to save money their unlike traditional banks.

2. Banks also can provide lending services and mortgage, Bitcoin has not been able to do that yet.

3. The banking systems is in sync with government policies which is a regulatory body, businesses as well as the judicial system all built around the traditional bank, hence very difficult to replace.

4. The cost of carrying out transactions using Bitcoin is higher than traditional banking system and also transactions using Bitcoin is a bit slow unlike current payment facilities like mobile banks.

5. Unlike traditional banking system if you lose your pin or something you can easily request for another and your money is still safe but with Bitcoin once you lose your private key just start crying.

However, I feel the idea of Bitcoin replacing banks is still a talk for another day, but I think coexisting together for now is likely with banks accepting that Bitcoin has come to stay and also offering crypto-related services. Bitcoin cannot remove the traditional banking system, at least not yet.

Good morning everyone, I just joined this community, I want to participate in this challenge, I was able to do 20 pushups today ,I hope to be very consistent from today, aside the challenge these will be very good for me, in terms of my general body fitness, as I also strive to contribute my own quota to these community.


100k,Faazs,1,20,2025-08-03.

You have said it all sir, use what you can afford to lose, don't be in a haste to get it all at once , trading is a process you fall you rise till you can know longer fall hard again.

Constant practice and seeking for knowledge on your particular trade is key to success in that trade,when you now combine this with hard work, patience and discipline, the rate of success in that trade is now increased by a big percentage.

Start small, improve your understanding and general knowledge and the sky is just your starting point, while it's still very important to have a source of income while trading, because the market is not always favourable and you are not always assured of a win.

First of all, patience is key in all aspects of life, but for people who are looking forward to investing in Bitcoin or are about to invest in it ,patience alone cannot stand alone , general knowledge and understanding of Bitcoin is key , you have to read, learn, practice, have an open mind, if not their is still a chance u might lose everything in your journey.

People most times just invest without knowledge of the game,that's like pouring water into a basket it will not hold, we should all try to read more, so we can learn more and know more, better knowledge of Bitcoin, would help you in making better decisions with regards to your coin.

When you now have knowledge, things like discipline, patience and hard work now come to play and a little bit of luck.

Notwithstanding  patience is also an important factor for growth in your Bitcoin journey.

The evidence is clear, after years Bitcoin has continued to lead the cryptocurrency world, like sir Satoshi yakamoto envisioned, like you said sir, the weight of the voice is clear for all to see, Bitcoin is tested and proven, we absolutely don't need to try to convince naysayers on what they stand to gain from joining the moving train, with or without  them the train will still continue to move, and to those of us that are strong believer's, we should not relent or give up, we should all continue to trust in the future of Bitcoin and continue to hold Bitcoin,  and also with the support and teachings of our leaders in these blessed platform, we will take bitcoin to next level and our efforts invested will also be rewarded in due time.

Username: Faazs
State :Kogi state
Country :Nigeria
Skill: football analyst, dancer, singer and a biochemist.