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Inspired by Trump's First Bitcoin Transaction! Sharing my big Experiences and Advices to [ Alhaji Limo] a very rich,big business man in my community so far.

Although I normally sets a business deals with him which  made me to be among his trusted customers,i usually severs as his update giver on many cryptocurrencies,so some days ago I just thought of his main focused whenever I try to update him about new  rate of some cryptocurrency he always aim on USDT,GOLD,ETH and SATOSHI.However this man was a person I knew whom already gone so far in dealing with USDT and also trades with Dollars,as time may have it this man went on so many researches on other cryptocurrency he doesn't deals with,he studied very well on his research then he stated comparing some cryptocurrencies with one another:
USDT to GOLD
GOLD to ETH
ETH to SATOSHI and all to BTC,so he noticed and testified that BTC has the most  biggest value In terms of cryptocurrency.
Afterward this man started developing interest on dealing with Bitcoins and also trade with Bitcoins,well after his research and comparisons on cryptocurrency he started asking  a very nice and interesting questions in which I have to use my well comprehend experiences I had in Bitcoin.
Here are some questions he asked :
1."Ummsha". What do you understand about a Bitcoin cryptocurrency?
2.What gives Bitcoin value?
3.How does bitcoin works?
4.Is Bitcoin legal?
5.Can Bitcoin be stolen?
6.How convenient is Bitcoin Debit card?
7.Can Bitcoin be shutdown or hacked?
8.How does Bitcoin exchange works?

I have a lot of things to do but because of this questions I suspend them, moreover these questions were very interesting questions I have to answered.

>>Answers that was given by me based on so many researches and experiences I had here in Bitcointalk Forum,I have to make a good use my experience here and also make sure my good people of Bitcoin Forum members are proud to have me.
First of all,I started with number 1

1:Bitcoin is a decentralized digital assets.Bitcoin spans many traditional assets, such as cash and gold. For example, you can use it like money or as a store of value.
 *Also* :Bitcoin is a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.
Bitcoin has become a hot commodity among speculators and bitcoins can be used for online transactions between individuals.

2:The value of Bitcoin comes from two connected aspects that support and reinforce each other:

*Its features
*Its network effects

When a network grows, its utility grows also. The classic example is a telephone network. When there are only a few people on the network, it’s hardly valuable. But when you can call anyone, the network is more valuable. The same is true of money networks.
So 1BTC into Dollars =62,600.9 USD.

3.i will like to begin with how money usually appears in a bank. The money in a bank appears on a ledger.
Transactions such as salary and rent are recorded as deposits and withdrawals that modify the total balance,you must trust that the bank keeps track of all transactions and balances on their ledger. In this way, the bank is a trusted third party, or middle man. Unfortunately, banks make mistakes often enough to warrant the existence of bank reconciliation statements which are used by companies and individuals to catch bank mistakes.
Bitcoin also has a ledger, but it's a decentralized ledger. Unlike at a bank or credit card company, transactions on the Bitcoin ledger are verified by a decentralized network of (nodes.)
 Nodes are people who run the Bitcoin software, and anyone can be a node, without asking for permission.
Bitcoin’s ledger can only append new transactions. In other words, data can only be added, it cannot be edited or subtracted. This is important because it makes it next to impossible to change the history of the Bitcoin ledger.
The appended transactions are put into a block. The block is cryptographically connected to the previous block, making a chain of blocks (blockchain) that creates an unbroken record going back to the very first transaction.

4:Big YES:Bitcoin is perfectly legal to hold in most countries, including all Western democracies, where freedom of speech is enshrined (Bitcoin is, after all, nothing more than open-source code). Some countries have attempted to ban the use of Bitcoin, but due to Bitcoin’s decentralized nature, it’s virtually impossible to enforce total bans and it will be difficult to them to banned Bitcoin.

5:Holding bitcoin is extremely secure. The vast majority of instances of bitcoin being “stolen" involve the victim mistakenly sending it to the attacker rather than a bitcoin wallet being hacked or stolen.
You can also secure your Bitcoin on Cold wallet because Cold wallets are the best way to secure your bitcoins,  because they cannot be accessed. Once you transfer your keys to cold storage, only transfer what you need to your hot wallet. Also, avoid custodial storage arrangements unless you need to use it for trading purposes or want limited insurance coverage.

6:Bitcoin debit cards are a convenient way to spend your bitcoin.One of the main advantages of using a debit card to buy Bitcoin is the speed of the transaction. Debit card purchases are processed almost instantly, so you receive your Bitcoin quickly, without the waiting period associated with other payment methods like bank transfers.

7:Shutting down the Bitcoin network would require shutting down the entire global internet and cutting all electricity. While it’s technically possible to (hack)or take over the entire Bitcoin network, doing such would cost billions of dollars and require a massive coordinated effort involving global chip manufacturers. Importantly, even if successful, a hacker would not be enriched by the attack since it would destroy the value of the Bitcoin network.

8:Bitcoin exchange is the process of trading bitcoin for local currencies, goods or services, or other cryptocurrencies. Your options range from peer->to->peer exchange to giant centralized exchange services that resemble a stock trading account.Also:Bitcoin exchange is a digital marketplace where individuals can buy, sell, or trade Bitcoin in exchange for other cryptocurrencies or fiat currencies. These crypto exchanges act somewhat like a stock exchange, but instead of trading stocks, users trade cryptocurrencies and other digital assets.

"My fellow Bitcoiners hope I have done a well great job,please you can also encourage me to put more efforts on my learning experience on Bitcoin's".

Afterward I also let's him know about Trump's historic first Bitcoin transaction at PubKey, a renowned crypto-themed bar in New York! As someone who's been following Bitcoin for a while, I'm thrilled to see mainstream adoption growing.

This news inspired me to share my own experience and advice with this man who's been skeptical about Bitcoin. I told him: "Alhaji",even Trump is using Bitcoin now! It's time to consider secure and decentralized transactions not only him other celebrities like:
Elon Musk,jack Dorsey and Ashton Kutcher etc.
Also Business Leaders like:
Mark Zuckerberg,Bill Gates etc. expressed interest in Bitcoin.
With all these comprehend and well clearly explained details on Bitcoin's this man said vividly that he will leave other cryptocurrency,so now Bitcoin becomes his best cryptocurrency.

I also advised him to go reserch on:
>>Research reputable exchanges and wallets.
>>Understand Bitcoin's volatility and risks.
>>Start small and diversify investments.
This man is now considering Bitcoin as a viable option!

Inspired by Trump's First Bitcoin Transaction! Sharing my big Experiences and Advices to [ Alhaji Limo] a very rich,big business man in my community so far.

Although I normally sets a business deals with him which  made me to be among his trusted customers,i usually severs as his update giver on many cryptocurrencies,so some days ago I just thought of his main focused whenever I try to update him about new  rate of some cryptocurrency he always aim on USDT,GOLD,ETH and SATOSHI.However this man was a person I knew whom already gone so far in dealing with USDT and also trades with Dollars,as time may have it this man went on so many researches on other cryptocurrency he doesn't deals with,he studied very well on his research then he stated comparing some cryptocurrencies with one another:
USDT to GOLD
GOLD to ETH
ETH to SATOSHI and all to BTC,so he noticed and testified that BTC has the most  biggest value In terms of cryptocurrency.
Afterward this man started developing interest on dealing with Bitcoins and also trade with Bitcoins,well after his research and comparisons on cryptocurrency he started asking  a very nice and interesting questions in which I have to use my well comprehend experiences I had in Bitcoin.
Here are some questions he asked :
1."Ummsha". What do you understand about a Bitcoin cryptocurrency?
2.What gives Bitcoin value?
3.How does bitcoin works?
4.Is Bitcoin legal?
5.Can Bitcoin be stolen?
6.How convenient is Bitcoin Debit card?
7.Can Bitcoin be shutdown or hacked?
8.How does Bitcoin exchange works?

I have a lot of things to do but because of this questions I suspend them, moreover these questions were very interesting questions I have to answered.

>>Answers that was given by me based on so many researches and experiences I had here in Bitcointalk Forum,I have to make a good use my experience here and also make sure my good people of Bitcoin Forum members are proud to have me.
First of all,I started with number 1

1:Bitcoin is a decentralized digital assets.Bitcoin spans many traditional assets, such as cash and gold. For example, you can use it like money or as a store of value.
 *Also* :Bitcoin is a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.
Bitcoin has become a hot commodity among speculators and bitcoins can be used for online transactions between individuals.

2:The value of Bitcoin comes from two connected aspects that support and reinforce each other:

*Its features
*Its network effects

When a network grows, its utility grows also. The classic example is a telephone network. When there are only a few people on the network, it’s hardly valuable. But when you can call anyone, the network is more valuable. The same is true of money networks.
So 1BTC into Dollars =62,600.9 USD.

3.i will like to begin with how money usually appears in a bank. The money in a bank appears on a ledger.
Transactions such as salary and rent are recorded as deposits and withdrawals that modify the total balance,you must trust that the bank keeps track of all transactions and balances on their ledger. In this way, the bank is a trusted third party, or middle man. Unfortunately, banks make mistakes often enough to warrant the existence of bank reconciliation statements which are used by companies and individuals to catch bank mistakes.
Bitcoin also has a ledger, but it's a decentralized ledger. Unlike at a bank or credit card company, transactions on the Bitcoin ledger are verified by a decentralized network of (nodes.)
 Nodes are people who run the Bitcoin software, and anyone can be a node, without asking for permission.
Bitcoin’s ledger can only append new transactions. In other words, data can only be added, it cannot be edited or subtracted. This is important because it makes it next to impossible to change the history of the Bitcoin ledger.
The appended transactions are put into a block. The block is cryptographically connected to the previous block, making a chain of blocks (blockchain) that creates an unbroken record going back to the very first transaction.

4:Big YES:Bitcoin is perfectly legal to hold in most countries, including all Western democracies, where freedom of speech is enshrined (Bitcoin is, after all, nothing more than open-source code). Some countries have attempted to ban the use of Bitcoin, but due to Bitcoin’s decentralized nature, it’s virtually impossible to enforce total bans and it will be difficult to them to banned Bitcoin.

5:Holding bitcoin is extremely secure. The vast majority of instances of bitcoin being “stolen" involve the victim mistakenly sending it to the attacker rather than a bitcoin wallet being hacked or stolen.
You can also secure your Bitcoin on Cold wallet because Cold wallets are the best way to secure your bitcoins,  because they cannot be accessed. Once you transfer your keys to cold storage, only transfer what you need to your hot wallet. Also, avoid custodial storage arrangements unless you need to use it for trading purposes or want limited insurance coverage.

6:Bitcoin debit cards are a convenient way to spend your bitcoin.One of the main advantages of using a debit card to buy Bitcoin is the speed of the transaction. Debit card purchases are processed almost instantly, so you receive your Bitcoin quickly, without the waiting period associated with other payment methods like bank transfers.

7:Shutting down the Bitcoin network would require shutting down the entire global internet and cutting all electricity. While it’s technically possible to (hack)or take over the entire Bitcoin network, doing such would cost billions of dollars and require a massive coordinated effort involving global chip manufacturers. Importantly, even if successful, a hacker would not be enriched by the attack since it would destroy the value of the Bitcoin network.

8:Bitcoin exchange is the process of trading bitcoin for local currencies, goods or services, or other cryptocurrencies. Your options range from peer->to->peer exchange to giant centralized exchange services that resemble a stock trading account.Also:Bitcoin exchange is a digital marketplace where individuals can buy, sell, or trade Bitcoin in exchange for other cryptocurrencies or fiat currencies. These crypto exchanges act somewhat like a stock exchange, but instead of trading stocks, users trade cryptocurrencies and other digital assets.

My fellow Bitcoiners hope I have done a well great job,please you can also encourage me to put more efforts on my learning experience.

Afterward I also let's him know about Trump's historic first Bitcoin transaction at PubKey, a renowned crypto-themed bar in New York! As someone who's been following Bitcoin for a while, I'm thrilled to see mainstream adoption growing.

This news inspired me to share my own experience and advice with this man who's been skeptical about Bitcoin. I told him: "Alhaji",even Trump is using Bitcoin now! It's time to consider secure and decentralized transactions not only him other celebrities like:
Elon Musk,jack Dorsey and Ashton Kutcher etc.
Also Business Leaders like:
Mark Zuckerberg,Bill Gates etc. expressed interest in Bitcoin.
With all these comprehend and well clearly explained details on Bitcoin's this man said vividly that he will leave other cryptocurrency,so now Bitcoin becomes his best cryptocurrency.

I also advised him to go on reserch on:
>>Research reputable exchanges and wallets.
>>Understand Bitcoin's volatility and risks.
>>Start small and diversify investments.
This man is now considering Bitcoin as a viable option!

Thank you for reading! if you found this helpful consider to share this knowledge with me,i will be grateful for any additional guidance and willing of your efforts,I am eager to learn and dedicate my time to practice more.🙏

Bitcoin Volatility in September

September is a challenging month for Bitcoin, with declines in 7 of the last 12 Septembers.
Historically, the third quarter has been a difficult period for Bitcoin and the cryptocurrency market, with September often yielding the worst returns. Some researchers noted that Bitcoin experienced declines in seven of the last twelve Septembers.
Bitcoin Price September Performance Since 2012
In 2024, this trend has continued, with Bitcoin dropping 7.5% in August and an additional 6.3% so far in September. As of this writing, Bitcoin is trading 20% below its all-time high of nearly $73,500, which was recorded over five months ago.
However, according to Research been made, the upcoming U.S. interest rate cuts could serve as a catalyst for risk assets like Bitcoin.
From the research I made.
At the Jackson Hole meeting, Federal Reserve Chairman Jerome Powell hinted that it might be time to adjust policy, sparking expectations for future interest rate cuts. The U.S. Dollar Index responded with a sharp decline and is now hovering around 100. With a rate cut in September becoming a consensus expectation, the official start of rate-cut trading could enhance overall market liquidity, providing momentum for cryptocurrency assets,...... said Kan.

According to the report, September is likely to be highly volatile, with Bitcoin’s 30-day historical volatility soaring to 70%. This metric tracks the price fluctuations of an asset over the past 30 days, highlighting the significant price swings during this period.
Bitcoin And Ethereum 30d Volatility
Bitcoin’s current volatility is nearly double that of last year and is approaching the peak levels seen in March, when BTC reached an all-time high of over $73,000.
Ethereum (ETH) has also experienced increased volatility, surpassing both March levels and Bitcoin’s, driven by ETH-specific events such as Jump Trading’s liquidations and the launch of an Ethereum ETF.

With these I have just 3 questions to table here:
1.. Please shade more light on Ethereum [ETH] Volatility driven by specific events!
2..How will U.S.Election debates may triggers market fluctuations?
3..What are your thoughts on Bitcoin's  Volatility in September?
>>>Share your thoughts please.

Good day everyone.

I want to share my experiences we had in occasion with my friend,I checked my friend's phone and I saw a bitcoin wallet in his phone though he doesn't know how to use it and he  has the prevelage to ask me how to use it then I went ahead and explained in details to him from the little experiences I have here.

Here are some comprehensive tips I gave him on how to use it.

Firstly:
I consider on highlighting him on:

>Wallet types (software, hardware, mobile, web) and there being used
>Wallet security measures (such as: encryption, cold storage e.t c)
> Transaction fees and confirmation times which is very important
>Bitcoin units (BTC, mBTC, satoshis) and more...

Then explained all these in details:
Create/restore wallet
Set password/PIN
Enable 2FA

Receive Bitcoin
Go to Receive
Copy Bitcoin address
Share with your sender

How to send Bitcoin
Go to [Send]
Enter recipient's address
Enter amount then you
Confirm it

  Note:
Use strong passwords/PIN
Enable 2FA
Update software
Backup regularly
Use secure internet

Keys terms
Private key
Public key (Bitcoin address)
Transaction ID (TXID)
Blockchain.

Please my good members of Bitcoin Forum,hope I have shared a well comprehensive quides with him?
Please if there's any additional guides from you am also eager to learn.

Good day everyone.

Here are some  little experience I shared with my father's politician friend.
Though this politician has a lot of money and he usually deals with Dollars,so we had a very interesting discussions with him concerning the values of some cryptocurrencies he actually trades on,I served as an adviser to him and also navigating the complex World of Bitcoin to him with my little experience here.

As a trusted advisor, i have the opportunity to guide this my father's politician friend through the intricate landscape of Bitcoin and its potential implications for their political career and personal investments.

Understanding Bitcoin's Volatility.
I emphasize the importance of understanding Bitcoin's notorious volatility. I explained how its value can fluctuate rapidly, resulting in significant gains or losses. This will help him approach investments with caution and a clear understanding of the risks involved.

The Decentralized Nature of Bitcoin.
I calmly highlight Bitcoin's decentralized nature, operating independently of central banks and governments. This characteristic has sparked both interest and concern among politicians and financial regulators. I encouraged him to consider the potential benefits and drawbacks of this decentralized system.

I discussed the limited supply of Bitcoin (only 21 million will ever exist) and the increasing adoption by businesses, institutions, and individuals. This combination can drive up demand and, consequently, the value of Bitcoin.

Security and Transparency which is very important,I explained the security features of Bitcoin's blockchain technology, ensuring transparent and secure transactions. This aspect can be particularly appealing to politicians looking to understand the technology behind Bitcoin.

I confidently addressed him on the growing demand for Bitcoin and the impact of government policies and regulations on its value. Encouraged him to stay informed about regulatory changes and their potential effects on the market.

I offer guidance on investing in Bitcoin, emphasizing the importance of:

1. Diversification: Spread investments across various assets to minimize risk.
2. Research: Stay informed about market trends and updates.
3. Consultation: Seek advice from financial experts before making investment decisions.
4. Caution: Approach investments with a clear understanding of the risks involved.

The potential political implications of investing in or endorsing Bitcoin, including the following:

1. Public Perception: Consider how constituents may view involvement with Bitcoin.
2. Regulatory Stance: Be aware of the politician's public stance on Bitcoin and its regulation.
3. Transparency: Ensure transparency in investments and decision-making processes.

By these comprehensive advices and guidance, i think I have  helped my  father's politician friend navigate the complex world of Bitcoin and make informed decisions about his investments and political stance.

Please my good members in Bitcointalk Forum I think with all my little adivices been given hope I have convinced and impacted the little experience I had,consequences and  values on Bitcoin.??

WITH THESE,OTHER GOVERNMENTS CAN LEARN MORE.

 Even if governments try to ban or restrict Bitcoin within their jurisdictions, it can continue to operate and thrive globally.....(Fact)

From my research I discovered China's Goverment made an attempts to banned Bitcoin,which is not going to be possible.
China's attempts to ban Bitcoin are a prime example of this. Despite multiple crackdowns and restrictions, Bitcoin continues to be used and traded in China, often through alternative channels and workarounds.

A coordinated global effort to restrict or ban Bitcoin would indeed be monumental and likely impossible to enforce. The internet and cryptocurrency technologies are borderless, making it difficult for governments to control or restrict their use.

Moreover, attempts to restrict or ban Bitcoin could even have the opposite effect, driving more people to use it as a form of protest or to maintain their financial freedom. This is often referred to as the " Streisand effect" - where attempts to censor or restrict something only serve to draw more attention to it.

Overall, or let's say nationally,Bitcoin's decentralized nature and global reach make it a highly persistence  and adaptable system that can continue to thrive despite attempts to restrict or ban it.
 Bitcoin,its one of the most cryptocurrency that has biggest value in which we cannot do without.

What's the most exciting development in cryptocurrency right now? I'm eager to gain insights on:

1:notable instances of cryptocurrency integration in every day life.
2:advances in cryptography,wallet,security or user-friendly interface.
3:What currently generating buzz in the community.
4:what developments hav3 the potential to drive significant growth or changes.
5:How might these advancements impact the future of cryptocurrency.
6:I will like the community members to share their expertise and enthusiasm on the latest developments.
7:A better understanding of cryptocurrency landscape and it's future direction

Thank you for the wonderful advices.🙏

"Hello everyone,

I'm Ummsha by name an accomplished newbie to the world of cryptocurrency. I stumbled very well upon BitcoinTalk while researching Bitcoin and i was impressed by the communities knowledge and passion. I'm eager to learn more about cryptocurrency such as  investing, trading, and the technology behind it. I'm looking forward to absorbing informations, asking neccessary questions, and contributing to discussions.Also I will learn to accept my errors or mistakes rather.Please bear with me as I navigate this new space!

Thanks for having me!🙏