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Showing 20 of 77 results by Olayinka2225
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Board Bitcoin Discussion
If Bitcoin is an inflation hedge, why are prices struggling?
by
Olayinka2225
on 16/12/2021, 04:16:49 UTC
On Friday, the U.S. Bureau of Labor Statistics reported its largest 12-month jump in Consumer Price Index (CPI) numbers since 1982. You might expect Bitcoin — which was designed to be resistant to inflation — to rise on news of the highest inflation metrics in four decades, but after jumping around 4% in the hours after the CPI report, Bitcoin forfeited its gains over the weekend. And since reaching a new all-time high near $69,000 in November, the cryptocurrency has been broadly trending downward even as global inflation has surged. So has Bitcoin’s value as a hedge investment been overstated, or is something else going on? Let’s dig in.
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Board Bitcoin Discussion
Re: What will a coin cost if the USA abandon the US dollar today and switch to BTC?
by
Olayinka2225
on 16/12/2021, 04:00:13 UTC
Though definitely not going to happen for the USA to abandon US dollar and witch to BTC, but let's say it just happened for just a day, the price of 1btc will skyrocket in a matter of hours before going for correction.
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Board Bitcoin Discussion
Re: Have you spoken to Satoshi ?
by
Olayinka2225
on 16/12/2021, 03:55:54 UTC
Even if all btc adopters wonna reward Satoshi for giving them BTC, he has went anonymous ever since and nobody knows him or know where he is talk less of talking to him. I will say, anybody saying that they're Satoshi are not Satoshi because nobody is Satoshi.
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Board Bitcoin Discussion
Re: Do you even want all your BTC to be anonymous.
by
Olayinka2225
on 16/12/2021, 03:39:48 UTC
Is btc or crypto even Anonymous again. Because so many of us have done KYC on so many of decentralized exchanges and if regulation should come into crypto, Everybody will be required to pay taxes on whatever amount of crypto he's having in his decentralized wallet
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Board Bitcoin Discussion
Re: Lost Bitcoin a donation to everyone
by
Olayinka2225
on 16/12/2021, 03:29:08 UTC
Forgotten bitcoin in a wallet is not lost but rather it will cause a decrease in it's supply there by increases it's supply there by giving it more value. But this doesn't say we should all forgot or lost our private keys for this to happen. It is also required that bitcoin must also be moving around just like fiat does and not just stay stagnant in a wallet doing nothing.
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Board Bitcoin Discussion
Re: 11 years without Satoshi
by
Olayinka2225
on 15/12/2021, 04:42:29 UTC
11 years without satoshi, I say NO because since when he went anonymous and some many people were claiming to be him failed because those people claiming to be him are only looking for cheap awareness or fame of which they don't have the fundamental to be SATOSHI. And even though Satoshi went anonymous, am sure he's still us, just don't know how, where. He gave us BTC and BTC is still what we're doing till today. All thanks to the great brain of SATOSHI.
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Board Bitcoin Discussion
Re: "Only invest an amount you can afford to lose"
by
Olayinka2225
on 15/12/2021, 04:35:26 UTC
This is one of the most words I used in crypto quite often every time to the newbies I get to introduce crypto to.

"Only invest any amount you can afford to loose".
For some newbies that has followed it, it has really worked for time and some that went ahead to invest their life savings especially during the bull market run are troubled presently.
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Board Bitcoin Discussion
Re: WHEN DO YOU BUY BITCOIN?
by
Olayinka2225
on 15/12/2021, 04:25:53 UTC
If you have an altcoin that has done some, let's say x5. You can take the profit out and use it to buy bitcoin. Now is even the best time to buy bitcoin as we're in the bear market. Bitcoin is now around  $47k+ which is far from the previous ATH. This is the great dip to buy bitcoin if one really want to hodl some if not 1btc.

NFA
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Board Bitcoin Discussion
Re: Childrens Wallets
by
Olayinka2225
on 15/12/2021, 04:21:10 UTC
Children are children and they will always behave as one.
In DEX, we don't create wallet there, we only connect our already created wallet to the DEX exchange. Only CEX allow you to create wallet on there website, all some assets in it before you can trade. Which is far more suicide because this CEX website can go down and never bounce back again.

IMO, I think hardware wallet is the best option here.
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Board Bitcoin Discussion
Re: Indian Prime Minister Promoting Bitcoins Giveaway
by
Olayinka2225
on 14/12/2021, 05:43:45 UTC
I heard it over BBC news channels that the prime minister Twitter account was slightly hacked and this tweet about bitcoin adoption or
bitcoin giveaways was tweeted. I should say that, this news shouldn't be given any consideration and should be neglected as it is not true.
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Board Bitcoin Discussion
Re: What can you actually buy with Bitcoin?
by
Olayinka2225
on 14/12/2021, 05:38:29 UTC
Yes volatility and price fluctuation is what I see as the hindrances to bitcoin adoption as a Leger tender or payment option for most reputable or small businesses. And I don't think this can be removed from crypto. Volatility is what we need, price fluctuation is what we need also....so how do we wonna deal with this?
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Board Bitcoin Discussion
Re: Elon Musk wants to find out the identity of Satoshi Nakamoto
by
Olayinka2225
on 14/12/2021, 05:13:38 UTC
I don't kind of get what you're pass across

Elon is just a business mogul
He create FUD for his own sake alone, create panic in the crypto industry in other for people to panic sell their btc for him to pack more than enough from the panic seller.

Just a crypto influencer/business man.
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Board Bitcoin Discussion
Re: A good man/woman leaves an inheritance
by
Olayinka2225
on 14/12/2021, 05:07:51 UTC
I think the first approach is to bring around one child or a trusted family, sit them down and teach them all about crypto before that time. One thing is dying and leaving with them the seedphrase of the wallet holding the crypto assets another thing is knowing what to do about it, whether to sell it instantly for fiat or continue the crypto journey left by their father or relatives.
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Board Bitcoin Discussion
Re: Reasons for newbies loss in bitcoin
by
Olayinka2225
on 13/12/2021, 04:51:55 UTC
To me, the main reason why newbies loss in bitcoin, is that so many of them think that btc or crypto is a get rich instantly thing maybe teaching from their teacher or facilitator, but it isn't. It is a thing of patient and market endurance.

Another thing is greed.
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Board Bitcoin Discussion
Re: Satoshi Airdrops 1 Million BTC to the Poor
by
Olayinka2225
on 13/12/2021, 04:45:39 UTC
Analysis shows that Satoshi might be hodling a very considerably less amount of bitcoin which might be at around 200k, so where is the 1m coming from, is he going to buy them of the market, from which exchange and with what wallet?

Moreso, I don't think Satoshi is still very much around us, he's vanished into the thin air.
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Board Bitcoin Discussion
Re: What can 1 Bitcoin buy in your country?
by
Olayinka2225
on 13/12/2021, 04:33:37 UTC
In my country NIGERIA, 1btc can buy a lot and do alone of things. 1btc at present price is around #27.8+m. With this huge amount of money, one can start a very lucrative business, invest in an idea, own a good house, own a simple car, give money out to the orphanage, give to the elderly etc.
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Board Bitcoin Discussion
Re: Bitcoin - Is HODL the only strategy?
by
Olayinka2225
on 13/12/2021, 04:24:58 UTC
Hodling alone is not the only strategy in crypto.
Swing trading is also part of it.
It is just like having your fiat in your bank account dormant in there for years without moving around, it has to move around.
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Board Bitcoin Discussion
Re: Bitcoin is for Holders!
by
Olayinka2225
on 12/12/2021, 05:39:54 UTC
Bitcoin is for everyone
If you hodl one, it is yours to sell or decide not sell
But the saying as been that  "if you can't hodl in crypto, you can't be rich in crypto".
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Board Bitcoin Discussion
Re: How many bitcoins are needed to buy a house in your country?
by
Olayinka2225
on 12/12/2021, 05:32:10 UTC
In my country NIGERIA, 0.5btc in price right now is enough to a good and well furnished standard house. Nevertheless, $5000, $7000, $10000 can also buy a house here, but just might not be as standard as that of $20000+.
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Board Bitcoin Discussion
Re: Can China Ban on Bitcoin have any negative effect on Bitcoin in future?
by
Olayinka2225
on 12/12/2021, 05:25:03 UTC
Considering the fact that China has one of the largest population, China ban is not a thing of today, they have been banning bitcoin for a number of years back, they even did few months ago. Bitcoin miners were asked to stop mining which they relocated to another country, this had a little drop in price for a while, perhaps FUD was caused into the market. Price was back up after a while which says there ban and FUD doesn't really strike us again.