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A Dark Secret About Money That 99% of People Don't Know about:
Your whole life you're working a job and Trading your time for money.
But have you ever asked yourself how money is created?
For 12 months I worked as an investment banker and I learnt all the secrets the public doesn't know!
And you might get shocked about the truth...
First of all: money=currency.
Money is an intangible store of value. Think of gold, silver, platin, rice, salt etc.
Currency is a tangible form of money
Instead of trading silver for salt, you can buy salt with currency.
Now here's why that's important:
Before 1971, the central banks could only print as much currency as they had gold to back it up.
But it 1971, the US dollar has been removed from the gold standard.
Since then, currency has been backed by nothing (worthless)
Today, banks can print as much currency as they want.
Now here's the 2nd thing you need to understand:
Currency in the form of paper & coins only makes up 3% of the world's money.
The other 97%? It's debt.
Let me explain:
Imagine you want to buy a house.
A bank gives you a $500k mortgage.
that $500k didn't exist before. They simply "created" it by typing a few numbers on the screen.
So when you get a loan, you get money that has been created out of thin air.
Now, why is that important to know?
When the government needs money,
they go to the central bank and ask for a loan.
The central bank gives them money created out of thin air, in exchange for government bonds.
This newly created money floods the system and devalues the existing money
(Inflation)
Why am I telling you this?
You are getting wrecked.
While you're working hard to save money, the banks are printing it and ruining your savings.
The bankers atre making millions while you're working for a tiny amount of
money.
So what can you do?
Bitcoin is the solution
Chapsmart_tz every platform
Your whole life you're working a job and Trading your time for money.
But have you ever asked yourself how money is created?
For 12 months I worked as an investment banker and I learnt all the secrets the public doesn't know!
And you might get shocked about the truth...
First of all: money=currency.
Money is an intangible store of value. Think of gold, silver, platin, rice, salt etc.
Currency is a tangible form of money
Instead of trading silver for salt, you can buy salt with currency.
Now here's why that's important:
Before 1971, the central banks could only print as much currency as they had gold to back it up.
But it 1971, the US dollar has been removed from the gold standard.
Since then, currency has been backed by nothing (worthless)
Today, banks can print as much currency as they want.
Now here's the 2nd thing you need to understand:
Currency in the form of paper & coins only makes up 3% of the world's money.
The other 97%? It's debt.
Let me explain:
Imagine you want to buy a house.
A bank gives you a $500k mortgage.
that $500k didn't exist before. They simply "created" it by typing a few numbers on the screen.
So when you get a loan, you get money that has been created out of thin air.
Now, why is that important to know?
When the government needs money,
they go to the central bank and ask for a loan.
The central bank gives them money created out of thin air, in exchange for government bonds.
This newly created money floods the system and devalues the existing money
(Inflation)
Why am I telling you this?
You are getting wrecked.
While you're working hard to save money, the banks are printing it and ruining your savings.
The bankers atre making millions while you're working for a tiny amount of
money.
So what can you do?
Bitcoin is the solution
Chapsmart_tz every platform
Understanding the Bitcoin Dip
Bitcoin should be viewed as a savings technology, and not as an asset to be traded such as stocks.
Understanding the Bitcoin Dip
Bitcoin’s price is notoriously volatile, influenced by a myriad of factors including market sentiment, regulatory news, technological advancements, and macroeconomic trends. A dip refers to a noticeable decline in Bitcoin’s price from its recent highs. While these dips can be alarming, they also present buying opportunities for those who believe in the long-term potential of the cryptocurrency.
Why Buy the Dip?
* Long-Term Growth Potential: Bitcoin has shown remarkable long-term growth since its inception. Despite frequent dips, its overall trajectory has been upward. Buying during a dip allows investors to acquire Bitcoin at a lower price, potentially increasing their returns when the market recovers.
* Market Corrections: Dips often occur due to market corrections where prices adjust after a period of rapid growth. These corrections are natural and can present opportunities to buy at a discount.
* Psychological Advantage: Buying the dip requires a contrarian mindset, going against the crowd’s panic-selling during downturns. This psychological advantage can lead to significant gains when the market rebounds.
How to Buy the Bitcoin Dip
* Stay Informed: Keep up with the latest news and trends in the cryptocurrency market. Understanding the factors driving price movements can help you make informed decisions about when to buy.
* Set a Strategy: Decide on your investment strategy before a dip occurs. This might include setting aside funds specifically for buying dips or determining the price levels at which you’ll buy more Bitcoin.
* Use Dollar-Cost Averaging (DCA): Dollar-cost averaging (DCA) involves investing a fixed amount of money at regular intervals, regardless of the price. This strategy can reduce the impact of volatility and lower the average cost of your Bitcoin investments over time.
Manage Risk: Only invest money you can afford to lose. Cryptocurrency investments are inherently risky, and it’s essential to have a diversified portfolio to manage risk effectively.
5. Stay Patient: The cryptocurrency market can be highly volatile in the short term, but those who stay patient and committed to their strategy often reap rewards in the long run.
Risks of Buying the Dip
* Further Declines: Prices can continue to fall even after you buy the dip, leading to potential short-term losses. It’s crucial to be prepared for continued volatility.
* Market Timing: Successfully timing the market is challenging, even for experienced investors. There’s always a risk of buying too early or too late. This is why we encourage the DCA strategy
* Emotional Decisions: Fear and greed can drive poor decision-making. Sticking to your strategy and avoiding impulsive trades is essential.
Conclusion
Buying the Bitcoin dip can be a lucrative strategy for those who believe in the long-term potential of cryptocurrencies and are willing to navigate the market’s volatility. By staying informed, setting a clear strategy, and managing risk, investors can take advantage of lower prices and potentially enhance their returns. Remember, the key to success in the volatile world of cryptocurrency investing is patience, discipline, and a long-term perspective.
Understanding the Bitcoin Dip
Bitcoin’s price is notoriously volatile, influenced by a myriad of factors including market sentiment, regulatory news, technological advancements, and macroeconomic trends. A dip refers to a noticeable decline in Bitcoin’s price from its recent highs. While these dips can be alarming, they also present buying opportunities for those who believe in the long-term potential of the cryptocurrency.
Why Buy the Dip?
* Long-Term Growth Potential: Bitcoin has shown remarkable long-term growth since its inception. Despite frequent dips, its overall trajectory has been upward. Buying during a dip allows investors to acquire Bitcoin at a lower price, potentially increasing their returns when the market recovers.
* Market Corrections: Dips often occur due to market corrections where prices adjust after a period of rapid growth. These corrections are natural and can present opportunities to buy at a discount.
* Psychological Advantage: Buying the dip requires a contrarian mindset, going against the crowd’s panic-selling during downturns. This psychological advantage can lead to significant gains when the market rebounds.
How to Buy the Bitcoin Dip
* Stay Informed: Keep up with the latest news and trends in the cryptocurrency market. Understanding the factors driving price movements can help you make informed decisions about when to buy.
* Set a Strategy: Decide on your investment strategy before a dip occurs. This might include setting aside funds specifically for buying dips or determining the price levels at which you’ll buy more Bitcoin.
* Use Dollar-Cost Averaging (DCA): Dollar-cost averaging (DCA) involves investing a fixed amount of money at regular intervals, regardless of the price. This strategy can reduce the impact of volatility and lower the average cost of your Bitcoin investments over time.
Manage Risk: Only invest money you can afford to lose. Cryptocurrency investments are inherently risky, and it’s essential to have a diversified portfolio to manage risk effectively.
5. Stay Patient: The cryptocurrency market can be highly volatile in the short term, but those who stay patient and committed to their strategy often reap rewards in the long run.
Risks of Buying the Dip
* Further Declines: Prices can continue to fall even after you buy the dip, leading to potential short-term losses. It’s crucial to be prepared for continued volatility.
* Market Timing: Successfully timing the market is challenging, even for experienced investors. There’s always a risk of buying too early or too late. This is why we encourage the DCA strategy
* Emotional Decisions: Fear and greed can drive poor decision-making. Sticking to your strategy and avoiding impulsive trades is essential.
Conclusion
Buying the Bitcoin dip can be a lucrative strategy for those who believe in the long-term potential of cryptocurrencies and are willing to navigate the market’s volatility. By staying informed, setting a clear strategy, and managing risk, investors can take advantage of lower prices and potentially enhance their returns. Remember, the key to success in the volatile world of cryptocurrency investing is patience, discipline, and a long-term perspective.
WHEN IS THE BEST TIME TO BUY BITCOIN?
In this article, we’ll explore some key considerations to help you make informed decisions on your journey to building a Bitcoin portfolio.
Understanding Bitcoin’s Volatility:
Bitcoin is known for its price volatility, and market fluctuations can be significant. While this volatility presents profit opportunities, it also carries risks. Timing your Bitcoin purchases can be challenging, as prices are influenced by various factors, including market demand, regulatory developments, and macroeconomic trends. It is extremely difficult to time the market hence we recommend the DCA (Dollar Cost Averaging) approach. More light on this soon.
Long-Term vs. Short-Term Approach:The decision to buy and save in Bitcoin often hinges on your investment goals. If you’re adopting a long-term investment strategy, timing may be less critical. Bitcoin’s historical performance has shown an upward trajectory over extended periods, suggesting that holding onto your investment for the long haul could yield positive returns. On the other hand, if you’re looking for short-term gains, staying informed about market trends and timing your purchases during potential dips may be more relevant. Irrespective of what your goals are, the ideal approach to a futuristic financial goal is to plan for it and one effective way to achieve that is by saving.
What is Dollar Cost Averaging Bitcoin?
Bitcoin dollar cost averaging consists in investing a fixed amount of USD, into BTC, on regular time intervals.
Purchasing $10 every week, for example, would be dollar cost averaging.
It’s January 1st, 2018, and John decides to purchase $5,000 worth of Bitcoin today.
The Bitcoin price at the time was $13,800 per coin, which means that John now owns 0.362 BTC.
Investing in Bitcoin using DCA (Example)
It’s January 1st, 2018, and Alice decides she wants to purchase $5,000 worth of Bitcoin.
However, instead of investing the entire amount today, she decides to purchase $500 every month, for 10 months.
10 months later, Alice owns 0.61 BTC.
That’s allmost twice as much as John, even though both invested the same amount.
Understanding Bitcoin’s Volatility:
Bitcoin is known for its price volatility, and market fluctuations can be significant. While this volatility presents profit opportunities, it also carries risks. Timing your Bitcoin purchases can be challenging, as prices are influenced by various factors, including market demand, regulatory developments, and macroeconomic trends. It is extremely difficult to time the market hence we recommend the DCA (Dollar Cost Averaging) approach. More light on this soon.
Long-Term vs. Short-Term Approach:The decision to buy and save in Bitcoin often hinges on your investment goals. If you’re adopting a long-term investment strategy, timing may be less critical. Bitcoin’s historical performance has shown an upward trajectory over extended periods, suggesting that holding onto your investment for the long haul could yield positive returns. On the other hand, if you’re looking for short-term gains, staying informed about market trends and timing your purchases during potential dips may be more relevant. Irrespective of what your goals are, the ideal approach to a futuristic financial goal is to plan for it and one effective way to achieve that is by saving.
What is Dollar Cost Averaging Bitcoin?
Bitcoin dollar cost averaging consists in investing a fixed amount of USD, into BTC, on regular time intervals.
Purchasing $10 every week, for example, would be dollar cost averaging.
It’s January 1st, 2018, and John decides to purchase $5,000 worth of Bitcoin today.
The Bitcoin price at the time was $13,800 per coin, which means that John now owns 0.362 BTC.
Investing in Bitcoin using DCA (Example)
It’s January 1st, 2018, and Alice decides she wants to purchase $5,000 worth of Bitcoin.
However, instead of investing the entire amount today, she decides to purchase $500 every month, for 10 months.
10 months later, Alice owns 0.61 BTC.
That’s allmost twice as much as John, even though both invested the same amount.
Dola na fedha za Kiafrika
Nchi nyingi za Afrika zinategemea dola ya Marekani.
Nchi moja ya Kiafrika haitakubali sarafu ya nchi nyingine ya Kiafrika lakini watakubali dola ya Marekani tulifanya utafiti wa sarafu ya amana katika benki na kuona jinsi viwango vya dola vinakufanya kupoteza nishati inayohifadhiwa kwenye sarafu yako ya malipo Tanzania shilling
Tarehe 30 Septemba 2023 tuliweka shilingi za Tanzania milioni 1 kwenye benki ambayo wakati huo dola 1 ya Marekani iligharimu shilingi 2510.37 za Tanzania. Kwa hivyo milioni 1 iligharimu karibu $ 398.35
Tuliacha pesa hiyo kwa mwaka moja na kujaribu kuzibadilisha. Bei ya dola ilipanda hadi
$ 1 = 2655.00
Hiyo inamaanisha basi milioni 1 iligharimu karibu 376.84
Tuliweka 398.35 na sasa ni 376.84
Hiyo ina maana kwamba tumepoteza karibu $21.7 sawa na shilingi 57613.5 ya Tanzania.
Kumbuka
Hatukujumuisha kodi, ada za benki, kiwango cha riba na ada za Huduma
Tunaamini Bitcoin ndio suluhisho la tatizo hili kwa Udanganyifu wa dola ya Marekani
Nchi nyingi za Afrika zinategemea dola ya Marekani.
Nchi moja ya Kiafrika haitakubali sarafu ya nchi nyingine ya Kiafrika lakini watakubali dola ya Marekani tulifanya utafiti wa sarafu ya amana katika benki na kuona jinsi viwango vya dola vinakufanya kupoteza nishati inayohifadhiwa kwenye sarafu yako ya malipo Tanzania shilling
Tarehe 30 Septemba 2023 tuliweka shilingi za Tanzania milioni 1 kwenye benki ambayo wakati huo dola 1 ya Marekani iligharimu shilingi 2510.37 za Tanzania. Kwa hivyo milioni 1 iligharimu karibu $ 398.35
Tuliacha pesa hiyo kwa mwaka moja na kujaribu kuzibadilisha. Bei ya dola ilipanda hadi
$ 1 = 2655.00
Hiyo inamaanisha basi milioni 1 iligharimu karibu 376.84
Tuliweka 398.35 na sasa ni 376.84
Hiyo ina maana kwamba tumepoteza karibu $21.7 sawa na shilingi 57613.5 ya Tanzania.
Kumbuka
Hatukujumuisha kodi, ada za benki, kiwango cha riba na ada za Huduma
Tunaamini Bitcoin ndio suluhisho la tatizo hili kwa Udanganyifu wa dola ya Marekani
LIGHTNING WALLET
lighting network ni mfumo rafiki unaowezesha uharaka,unafuu wa gharama za miamala ya BITCOIN, na sifa kemkem tulizoziona kweny majarida yaliyopita kuhusu lighting network. Na ili kufaidi haya na kufanya miamala katika mfumo wa lightning network inahitajika pochi ya lighting(lighting wallet).
Lighting wallet ni nini?
Hii ni programu yenye aplikesheni inayokuwezesha kutuma,kupokea na kuhifadhi sarafu bitcoin Kwa kiwango cha satoshi (satoshi ni kiwango kidogo cha bitcoin kwa mfano centi kwenye shilingi).
Aina mbili kuu za pochii ambazo ni;-
1.Custodial wallets;
hizi n pochi ambazo usimamizi wa funguo binafsi upo kwenye mamlaka za pochi husika. Zina rahisisha kutuma na kupokea sarafu mtandao. Pia uzuri ni kuwa ikitokea umesahau fungua za pochi yako unaweza kuomba funguo mpya Kwa wamiliki wa pochi kupitia e-mail na utakuwa hujapoteza sarafu zako zilizokuwa kwenye pochi yako . Kwa sifa hii inawasaidia watu wanaoanza safari ya sarafu mtandao(Bitcoin). Mfano ni wallet of SATOSHI, blue wallet nk
2. Non custodial;
hizi ni pochi ambazo usimamizi wa funguo binafsi upo kwenye mamlaka ya mtumiaji mwenyewe. Hizi hutumiwa na wazoefu zaidi katika sarafu mtandao. Na ikitokea umesahau password au kupoteza funguo binafsi bas unakuwa huwez kuzipata tena na kusababisha kupoteza sarafu zako kabisa. Mfano ni Muun, Phoenix nk
Hizi Aina mbili zinaanguka katka makundi mawil;- mobile wallets(hot) na hardware wallets (cold)
1.Mobile wallets hot..
hizi ni pochi ambazo zinaweza kufanya kazi kwa kuwepo interneti na hufanya kazi kwenye vifaa kama simu, computer na browsers. Faida ya hizi ni kuwa mda wowote utaweza kutumia sarafu zako. Pia kubadili upate cash au kufanya malipo ya sarafu mtandao.🎯Hizi zinafaa Sana kwa watu wanaozitumia sarafu zao kwenye matunizi ya kila siku.
2. Hardware wallets cold
hizi ni pochi ambazo hutunza sarafu mtandao bitcoin Kwa muda mrefu katika vifaa maalumu . Mtu anapohitaji sarafu zake huziamishia kwenye mobile wallets ndipo utaweza kutumia.🎯Hizi zinafaa kwa watu wanaotunza sarafu mtandao zao kwa muda mrefu bila kuzitumia
lighting network ni mfumo rafiki unaowezesha uharaka,unafuu wa gharama za miamala ya BITCOIN, na sifa kemkem tulizoziona kweny majarida yaliyopita kuhusu lighting network. Na ili kufaidi haya na kufanya miamala katika mfumo wa lightning network inahitajika pochi ya lighting(lighting wallet).
Lighting wallet ni nini?
Hii ni programu yenye aplikesheni inayokuwezesha kutuma,kupokea na kuhifadhi sarafu bitcoin Kwa kiwango cha satoshi (satoshi ni kiwango kidogo cha bitcoin kwa mfano centi kwenye shilingi).
Aina mbili kuu za pochii ambazo ni;-
1.Custodial wallets;
hizi n pochi ambazo usimamizi wa funguo binafsi upo kwenye mamlaka za pochi husika. Zina rahisisha kutuma na kupokea sarafu mtandao. Pia uzuri ni kuwa ikitokea umesahau fungua za pochi yako unaweza kuomba funguo mpya Kwa wamiliki wa pochi kupitia e-mail na utakuwa hujapoteza sarafu zako zilizokuwa kwenye pochi yako . Kwa sifa hii inawasaidia watu wanaoanza safari ya sarafu mtandao(Bitcoin). Mfano ni wallet of SATOSHI, blue wallet nk
2. Non custodial;
hizi ni pochi ambazo usimamizi wa funguo binafsi upo kwenye mamlaka ya mtumiaji mwenyewe. Hizi hutumiwa na wazoefu zaidi katika sarafu mtandao. Na ikitokea umesahau password au kupoteza funguo binafsi bas unakuwa huwez kuzipata tena na kusababisha kupoteza sarafu zako kabisa. Mfano ni Muun, Phoenix nk
Hizi Aina mbili zinaanguka katka makundi mawil;- mobile wallets(hot) na hardware wallets (cold)
1.Mobile wallets hot..
hizi ni pochi ambazo zinaweza kufanya kazi kwa kuwepo interneti na hufanya kazi kwenye vifaa kama simu, computer na browsers. Faida ya hizi ni kuwa mda wowote utaweza kutumia sarafu zako. Pia kubadili upate cash au kufanya malipo ya sarafu mtandao.🎯Hizi zinafaa Sana kwa watu wanaozitumia sarafu zao kwenye matunizi ya kila siku.
2. Hardware wallets cold
hizi ni pochi ambazo hutunza sarafu mtandao bitcoin Kwa muda mrefu katika vifaa maalumu . Mtu anapohitaji sarafu zake huziamishia kwenye mobile wallets ndipo utaweza kutumia.🎯Hizi zinafaa kwa watu wanaotunza sarafu mtandao zao kwa muda mrefu bila kuzitumia
Why should an African Bitcoin
One of the most asked questions in most of the forum we attend is Why should I Bitcoin? This is such a very deep question and can be varies from person to person, your earning power, the currency you earn and spend in and even the country/continent you live in. In this blog post, we will try as much as possible to simplify and generalize the reasons why you should Bitcoin
Why should I Bitcoin? We will try as much as we can to itemize reasons why we believe you should Bitcoin as as African, we need the asset the most cos most of the problems it solves affects us the most as Africans.
Financial Inclusion: Africa has a large unbanked population, with millions lacking access to traditional banking services. Bitcoin enables these individuals to participate in the global economy with just a smartphone and internet connection, making it widely accessible.
Inflation Hedge: Many African countries face high inflation, eroding local currencies’ value and complicating saving and investing. Bitcoin, with its fixed supply and decentralized nature, offers a hedge against inflation. Unlike unlimited fiat currencies, only 21 million Bitcoins will ever exist, making it scarce and valuable. As the saying goes, the lower the supply, the higher the demand which in turn drives prizes upwards.
In Nigeria alone, the inflation is seriously on the rise with food inflation over 100% in less than 1 year. Seeofficial rate for March 2024
What is inflation? Inflation is a general increase in prices and a fall in the purchasing value of money
This means that if you had your savings in Bitcoin in January when it the prize of Bitcoin USD 29,000+, your asset would have appreciated by at least 80% with current prize at USD 67,000.
Bitcoin is a savings technology, you appreciate the prize increase in Bitcoin when you have a 3–5 years savings plan on this asset. Having a long term perspective is a better strategy when it comes to saving in Bitcoin.
Security and Privacy: Bitcoin transactions are secure and private due to its blockchain technology. This is crucial in regions with prevalent government surveillance and censorship. Bitcoin allows individuals to transact freely and securely, peer-to-peer, without third-party interference.
Investment Opportunity: For many Africans, Bitcoin offers a chance to invest in a rapidly growing asset class. Despite its volatility, Bitcoin has shown resilience and provided significant returns to early adopters. As its value becomes more recognized, adoption and acceptance are expected to increase, potentially leading to further price appreciation.
The Bitcoin slogan goes, the best time to buy Bitcoin was yesterday, the next to best is NOW. We are still very early. Invest now.
In summary, Bitcoin offers various benefits that make it appealing for Africans seeking financial stability and independence. Its decentralized nature, low transaction costs, and potential for significant returns make it a compelling choice in a digital and interconnected world. As more people in Africa and globally adopt Bitcoin, its role as a safe haven asset is expected to grow.
Why should I Bitcoin? We will try as much as we can to itemize reasons why we believe you should Bitcoin as as African, we need the asset the most cos most of the problems it solves affects us the most as Africans.
Financial Inclusion: Africa has a large unbanked population, with millions lacking access to traditional banking services. Bitcoin enables these individuals to participate in the global economy with just a smartphone and internet connection, making it widely accessible.
Inflation Hedge: Many African countries face high inflation, eroding local currencies’ value and complicating saving and investing. Bitcoin, with its fixed supply and decentralized nature, offers a hedge against inflation. Unlike unlimited fiat currencies, only 21 million Bitcoins will ever exist, making it scarce and valuable. As the saying goes, the lower the supply, the higher the demand which in turn drives prizes upwards.
In Nigeria alone, the inflation is seriously on the rise with food inflation over 100% in less than 1 year. Seeofficial rate for March 2024
What is inflation? Inflation is a general increase in prices and a fall in the purchasing value of money
This means that if you had your savings in Bitcoin in January when it the prize of Bitcoin USD 29,000+, your asset would have appreciated by at least 80% with current prize at USD 67,000.
Bitcoin is a savings technology, you appreciate the prize increase in Bitcoin when you have a 3–5 years savings plan on this asset. Having a long term perspective is a better strategy when it comes to saving in Bitcoin.
Security and Privacy: Bitcoin transactions are secure and private due to its blockchain technology. This is crucial in regions with prevalent government surveillance and censorship. Bitcoin allows individuals to transact freely and securely, peer-to-peer, without third-party interference.
Investment Opportunity: For many Africans, Bitcoin offers a chance to invest in a rapidly growing asset class. Despite its volatility, Bitcoin has shown resilience and provided significant returns to early adopters. As its value becomes more recognized, adoption and acceptance are expected to increase, potentially leading to further price appreciation.
The Bitcoin slogan goes, the best time to buy Bitcoin was yesterday, the next to best is NOW. We are still very early. Invest now.
In summary, Bitcoin offers various benefits that make it appealing for Africans seeking financial stability and independence. Its decentralized nature, low transaction costs, and potential for significant returns make it a compelling choice in a digital and interconnected world. As more people in Africa and globally adopt Bitcoin, its role as a safe haven asset is expected to grow.
This is how I feel about BITCOIN
Bitcoin is the solution for the separation of money and state. By cutting this umbilical cord between money and state, power hungry bureaucrats lose one of the critical levers they use to control the lives of their citizens.
While Bitcoin is also a censorship-resistant monetary network, it’s also resistant to corruption by those that wish to turn it into another system of control. It’s the largest and most successful peaceful protest in the world today against central bank...
tyranny that transcends national borders, race, religion and political affiliation. Bitcoin succeeded where Occupy Wall Street failed by offering anyone and everyone the option to voluntarily exit the fiat ponzi.
This stateless money was created to replace the current immoral financial system along with its fiat currencies and institutions.
Bitcoin is a parallel, permissionless monetary system that was engineered from the ground up and everyone who holds bitcoin today does so freely. No state compulsion or legal tender laws required.
The Bitcoin network confers upon each participant equal irrevocable property rights regardless of their financial status. It’s a global, neutral money accessible to all.
Bitcoin is freedom.
Bitcoin is the solution for the separation of money and state. By cutting this umbilical cord between money and state, power hungry bureaucrats lose one of the critical levers they use to control the lives of their citizens.
While Bitcoin is also a censorship-resistant monetary network, it’s also resistant to corruption by those that wish to turn it into another system of control. It’s the largest and most successful peaceful protest in the world today against central bank...
tyranny that transcends national borders, race, religion and political affiliation. Bitcoin succeeded where Occupy Wall Street failed by offering anyone and everyone the option to voluntarily exit the fiat ponzi.
This stateless money was created to replace the current immoral financial system along with its fiat currencies and institutions.
Bitcoin is a parallel, permissionless monetary system that was engineered from the ground up and everyone who holds bitcoin today does so freely. No state compulsion or legal tender laws required.
The Bitcoin network confers upon each participant equal irrevocable property rights regardless of their financial status. It’s a global, neutral money accessible to all.
Bitcoin is freedom.
TODAY LETS TALK ABOUT DCA
What is Dollar Cost Averaging Bitcoin?
Bitcoin dollar cost averaging consists in investing a fixed amount of USD, into BTC, on regular time intervals.
Purchasing $10 every week, for example, would be dollar cost averaging.
It’s January 1st, 2018, and John decides to purchase $5,000 worth of Bitcoin today.
The Bitcoin price at the time was $13,800 per coin, which means that John now owns 0.362 BTC.
Investing in Bitcoin using DCA (Example)
👇👇👇👇
It’s January 1st, 2018, and Alice decides she wants to purchase $5,000 worth of Bitcoin.
However, instead of investing the entire amount today, she decides to purchase $500 every month, for 10 months.
10 months later, Alice owns 0.61 BTC.
That’s allmost twice as much as John, even though both invested the same amount.
#bitcoin☀️ #DCA #Tanzania $BTC
What is Dollar Cost Averaging Bitcoin?
Bitcoin dollar cost averaging consists in investing a fixed amount of USD, into BTC, on regular time intervals.
Purchasing $10 every week, for example, would be dollar cost averaging.
It’s January 1st, 2018, and John decides to purchase $5,000 worth of Bitcoin today.
The Bitcoin price at the time was $13,800 per coin, which means that John now owns 0.362 BTC.
Investing in Bitcoin using DCA (Example)
👇👇👇👇
It’s January 1st, 2018, and Alice decides she wants to purchase $5,000 worth of Bitcoin.
However, instead of investing the entire amount today, she decides to purchase $500 every month, for 10 months.
10 months later, Alice owns 0.61 BTC.
That’s allmost twice as much as John, even though both invested the same amount.
#bitcoin☀️ #DCA #Tanzania $BTC
Dollar and African currency
Most of African countries depend on the United States dollar.
One African country won’t accept another African country currency but they will accept the United States currency dollar we did a research of deposit currency in bank and see how the dollar rates makes you’re energy that is saved on the currency your paid falls
On 30 September 2023 we deposited 1 million Tanzania shilling on a bank which at that time
1 United States dollar cost 2510.37 Tanzania shilling Tzs. So the 1 million cost around 398.35$
We left the money till today and tried to convert it
1$ = 2655.00
That means then 1 million cost around 376.84
That’s means we have lost around 21.7$ equivalents to 57613.5 Tanzania shilling
Note
We did not include tax, bank fees, Interest rate, and Service charges
We believe Bitcoin is the solution to this problem to the Manipulation of the United States dollar
Most of African countries depend on the United States dollar.
One African country won’t accept another African country currency but they will accept the United States currency dollar we did a research of deposit currency in bank and see how the dollar rates makes you’re energy that is saved on the currency your paid falls
On 30 September 2023 we deposited 1 million Tanzania shilling on a bank which at that time
1 United States dollar cost 2510.37 Tanzania shilling Tzs. So the 1 million cost around 398.35$
We left the money till today and tried to convert it
1$ = 2655.00
That means then 1 million cost around 376.84
That’s means we have lost around 21.7$ equivalents to 57613.5 Tanzania shilling
Note
We did not include tax, bank fees, Interest rate, and Service charges
We believe Bitcoin is the solution to this problem to the Manipulation of the United States dollar
If you save in dollars, your costs will go up forever
As more dollars are produced the value of the dollars YOU have decreases
Dollars are easier to produce than every other commodity
We've been brainwashed to believe that pieces of paper and plastic have value because they have specific markings
The answer to this problem is finding something that appreciates MORE than your cost of living
What is that thing?
Based on thousands of hours of research, I've come to the conclusion that it's #Bitcoin
Most people don't see it
As more dollars are produced the value of the dollars YOU have decreases
Dollars are easier to produce than every other commodity
We've been brainwashed to believe that pieces of paper and plastic have value because they have specific markings
The answer to this problem is finding something that appreciates MORE than your cost of living
What is that thing?
Based on thousands of hours of research, I've come to the conclusion that it's #Bitcoin
Most people don't see it
#MyFirstFeedPost Hello, Binance Square!
Satoshi is the smallest unit of Bitcoin, which the world’s first and most well-known cryptocurrency. Each Bitcoin consists of 100 million Satoshis.
This currency, which represents 0.00000001 Bitcoins, allows microtransactions using digital currencies, as it is more affordable and offers greater flexibility. It has been named after the Bitcoin creator, Satoshi Nakamoto.
Additionally, this currency can be used for buying or paying for products and services where Bitcoin is accepted.
Satoshi is the smallest unit of Bitcoin, which the world’s first and most well-known cryptocurrency. Each Bitcoin consists of 100 million Satoshis.
This currency, which represents 0.00000001 Bitcoins, allows microtransactions using digital currencies, as it is more affordable and offers greater flexibility. It has been named after the Bitcoin creator, Satoshi Nakamoto.
Additionally, this currency can be used for buying or paying for products and services where Bitcoin is accepted.