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thatbitcoin_guy
@Square-Creator-ff0e90fbdad2
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Short sell
IO/USDT
ENTRY : 6/CMP
TP: 4.167
SL: 6.6
Short sell
IO/USDT
ENTRY : 6/CMP
TP: 4.167
SL: 6.6
BLOCK 840,000
So the much anticipated Bitcoin halving is done! the bulls and bears are still fighting it out on socials, but one thing worth noting is that with every halving BTC inches closer to digital gold and farther away from cash/p2p.
The transaction fees have surged almost a 1000% post halving and while some have attributed this to projects like Rune(which was minting on the BTC chain around the same time the halving took place), it is normal to expect that fees will remain considerably higher henceforth as miners will have to rely on this to make up for the decline in the reward per block. What this means is we can expect smaller transactions to utilize other smaller/younger chains or layer 2 solutions while the big boys get to continue using BTC. This will not only discourage the sale of smaller units of BTC(satoshis) but make it harder for BTC to be used for small scale purchases like a cup of coffee, hence pushing it to Gold status as it should be.
Now might just be a great time to key into projects that integrate digital gold(BTC) and physical gold! 😉 #BTC
So the much anticipated Bitcoin halving is done! the bulls and bears are still fighting it out on socials, but one thing worth noting is that with every halving BTC inches closer to digital gold and farther away from cash/p2p.
The transaction fees have surged almost a 1000% post halving and while some have attributed this to projects like Rune(which was minting on the BTC chain around the same time the halving took place), it is normal to expect that fees will remain considerably higher henceforth as miners will have to rely on this to make up for the decline in the reward per block. What this means is we can expect smaller transactions to utilize other smaller/younger chains or layer 2 solutions while the big boys get to continue using BTC. This will not only discourage the sale of smaller units of BTC(satoshis) but make it harder for BTC to be used for small scale purchases like a cup of coffee, hence pushing it to Gold status as it should be.
Now might just be a great time to key into projects that integrate digital gold(BTC) and physical gold! 😉 #BTC
How I moved from making 70k(naira) a month to $1200 ……….#BTC🔥🔥🔥🔥🔥🔥 #Futures_Trading #binancenigeria #NigeriaVsBinance #NigeriaCrypto
😄 what in the name of flash crash was that?
530ac92a790c8d76c4125fccb2b828b48a5c617acc3e3c3ace5510a25c392afe
(continuation)
After a visit with my Dad to the school they finally let me continue with my life and I got called up to camp. At the camp I got a picture of just how messed up the Nigerian education system was and swore to myself once again that I wasn’t going to further my studies in any Nigerian university. Before I left for my service year, I told one of my mentors how I planned to use the service year to make as much money as I could to get back into the crypto game. My service year turned out to be a waste of a year which I spent teaching(for free) in an upcoming community school where I taught math, English, any other subject I could, and Ironically bettered my math 😄 (guess the whole best way to learn is to teach thing isn’t BS after all), all while staying at my uncles place which was literally a stone throw away from the school. My uncle on the other hand was a whole different story whose daily routine consisted of waking up, calling up his political contacts to tell some crazy story which usually ended up with him asking for some financial assistance that he’d usually spend 70% of on beer (which always angered me cause of the fact that he’d usually send me to go buy cause he was ashamed to send his 18 year old kid who was in the very least a great artist). Anyways I like to think I impacted some kids lives in my time there and of course told them all about this promising new digital asset called bitcoin. At this time BTC was trading for about $3000 and I remember reading “The bitcoin standard” and becoming even more convinced in the potential of BTC, this was when I thought up the idea to create a token which would be backed by physical and digital gold(bitcoin) and got so frustrated by my Satoshi count that I told my Dad my plan to sell the Honda element he had basically left for me to handle/drive and buy a miner and some more BTC if possible, problem was the car had proven a lot to handle prior to my service year so I figured…
Tbc
(continuation)
After a visit with my Dad to the school they finally let me continue with my life and I got called up to camp. At the camp I got a picture of just how messed up the Nigerian education system was and swore to myself once again that I wasn’t going to further my studies in any Nigerian university. Before I left for my service year, I told one of my mentors how I planned to use the service year to make as much money as I could to get back into the crypto game. My service year turned out to be a waste of a year which I spent teaching(for free) in an upcoming community school where I taught math, English, any other subject I could, and Ironically bettered my math 😄 (guess the whole best way to learn is to teach thing isn’t BS after all), all while staying at my uncles place which was literally a stone throw away from the school. My uncle on the other hand was a whole different story whose daily routine consisted of waking up, calling up his political contacts to tell some crazy story which usually ended up with him asking for some financial assistance that he’d usually spend 70% of on beer (which always angered me cause of the fact that he’d usually send me to go buy cause he was ashamed to send his 18 year old kid who was in the very least a great artist). Anyways I like to think I impacted some kids lives in my time there and of course told them all about this promising new digital asset called bitcoin. At this time BTC was trading for about $3000 and I remember reading “The bitcoin standard” and becoming even more convinced in the potential of BTC, this was when I thought up the idea to create a token which would be backed by physical and digital gold(bitcoin) and got so frustrated by my Satoshi count that I told my Dad my plan to sell the Honda element he had basically left for me to handle/drive and buy a miner and some more BTC if possible, problem was the car had proven a lot to handle prior to my service year so I figured…
Tbc
530ac92a790c8d76c4125fccb2b828b48a5c617acc3e3c3ace5510a25c392afe
Am sure you're wondering what sort of weird title this is for a first square post but if you copy and paste this into the blockchain explorer, you will find my first transaction on the Bitcoin Blockchain. I got introduced to the term BTC when a friend of mine(Dopeboy) told me about a token that was gaining ground then(TBC ), I quickly went online and typed "TBC" in on google and to my surprise was greeted by a lot of links to "BTC", I immediately clicked the wikipedia link and went on to learn about the most economically viable means of payment/currency(to me at least). I immediately told dopeboy he had the wrong coin and should instead stack BTC(he stuck with TBC), I then started to look around at ways to earn BTC and got introduced to faucets, cloud mining, ASIC mining, ponzi schemes such as Zarfund etc. Made a few sats from faucets, lost money(both mine and my unfortunate cousin’s who finally decided to give this BTC thing i had been filling their ears with, a try) to a scam cloud mining site, then decided I was going to stack sats through affiliate marketing in Zarfund but even then struggled with selling because I knew I was selling a ponzi scheme to friends and family. I then realized it wasn’t going to be easy to stack the satoshi’s I had in mind. I then decided to take a break and just observe (All this while I was in school). After I wrote my last paper for some reason, my university decided to exclude my name from the graduating list so I left on a new mining adventure(not ASIC/cloud) with an old classmate from highschool, he had some chinese investors coming in and knew almost nothing about mining so I decided to tag along and help with. Millions of naira into the deal our investors decided to up and leave the country, resources started dwindling and we had to improvise to get through those hard times. On going back to school I learnt my name was once again omitted from the NYSC list and had to wait for the next list…..
to be continued
Am sure you're wondering what sort of weird title this is for a first square post but if you copy and paste this into the blockchain explorer, you will find my first transaction on the Bitcoin Blockchain. I got introduced to the term BTC when a friend of mine(Dopeboy) told me about a token that was gaining ground then(TBC ), I quickly went online and typed "TBC" in on google and to my surprise was greeted by a lot of links to "BTC", I immediately clicked the wikipedia link and went on to learn about the most economically viable means of payment/currency(to me at least). I immediately told dopeboy he had the wrong coin and should instead stack BTC(he stuck with TBC), I then started to look around at ways to earn BTC and got introduced to faucets, cloud mining, ASIC mining, ponzi schemes such as Zarfund etc. Made a few sats from faucets, lost money(both mine and my unfortunate cousin’s who finally decided to give this BTC thing i had been filling their ears with, a try) to a scam cloud mining site, then decided I was going to stack sats through affiliate marketing in Zarfund but even then struggled with selling because I knew I was selling a ponzi scheme to friends and family. I then realized it wasn’t going to be easy to stack the satoshi’s I had in mind. I then decided to take a break and just observe (All this while I was in school). After I wrote my last paper for some reason, my university decided to exclude my name from the graduating list so I left on a new mining adventure(not ASIC/cloud) with an old classmate from highschool, he had some chinese investors coming in and knew almost nothing about mining so I decided to tag along and help with. Millions of naira into the deal our investors decided to up and leave the country, resources started dwindling and we had to improvise to get through those hard times. On going back to school I learnt my name was once again omitted from the NYSC list and had to wait for the next list…..
to be continued