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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 potent
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 potent
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 macroeconom
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 macroeconom
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African dollars and currencies
Many African countries depend on the US dollar.
One African country will not accept the currency of another African country but they will accept the US dollar. We did a study of the deposit currency in banks and saw how the dollar rates make you lose the energy stored in your payment currency Tanzania shilling.
On September 30, 2023, we deposited 1 million Tanzanian shillings in the bank at which time 1 US dollar cost 2510.37 Tanzanian shillings. So 1 million cost about $ 398.35
We left the money for a year and tried to replace it. The price of the dollar rose to
$ 1 = 2655.00
That means then 1 million cost around 376.84
We put 398.35 and now it is 376.84
That means that we have lost about $21.7 equal to 57613.5 Tanzanian shillings.
Remember
We do not include taxes, bank charges, interest rate and Service charges
We believe Bitcoin is the solution to this problem with US Dollar Fraud
Many African countries depend on the US dollar.
One African country will not accept the currency of another African country but they will accept the US dollar. We did a study of the deposit currency in banks and saw how the dollar rates make you lose the energy stored in your payment currency Tanzania shilling.
On September 30, 2023, we deposited 1 million Tanzanian shillings in the bank at which time 1 US dollar cost 2510.37 Tanzanian shillings. So 1 million cost about $ 398.35
We left the money for a year and tried to replace it. The price of the dollar rose to
$ 1 = 2655.00
That means then 1 million cost around 376.84
We put 398.35 and now it is 376.84
That means that we have lost about $21.7 equal to 57613.5 Tanzanian shillings.
Remember
We do not include taxes, bank charges, interest rate and Service charges
We believe Bitcoin is the solution to this problem with US Dollar Fraud
See original
LIGHTNING WALLET
lighting network is a friendly system that enables speed, cost relief of BITCOIN transactions, and the features we saw in previous magazines about lighting network. And in order to benefit from this and make transactions in the lightning network system, a lighting wallet is required.
What is lighting wallet?
This is a program with an application that allows you to send, receive and store bitcoins at the level of satoshi (satoshi is a small amount of bitcoin for example cents in a shilling).
The two main types of wallets are;-
1. Custodial wallets;
these n wallets in which the management of private keys lies with the authorities of the respective wallets. They make it easy to send and receive online currency. Also, the beauty is that if you forget to open your wallet, you can request new keys from wallet owners via e-mail and you will not have lost your coins that were in your wallet. With this feature, it helps people who are starting the journey of Internet currency (Bitcoin). An example is the wallet of SATOSHI, blue wallet etc
2. Non-custodial;
these are wallets in which the management of private keys rests with the user himself. These are used by the most experienced in online currency. And if you forget your password or lose your private keys, you will not be able to find them again, causing you to lose your coins completely. Examples are Muun, Phoenix etc
These two types fall into two categories:- mobile wallets (hot) and hardware wallets (cold)
1. Mobile wallets hot..
these are wallets that can work with the presence of the internet and work on devices such as phones, computers and browsers. The advantage of these is that you will be able to use your coins anytime. You can also change to get cash or make online currency payments. 🎯These are very useful for people who use their coins in daily transactions.
2. Hardware wallets cold
These are wallets that keep bitcoins for a long time in specialized equipment. When someone needs their coins, they transfer them to mobile wallets and then you will be able to use them.🎯These are suitable for people who keep their internet coins for a long time without using them
lighting network is a friendly system that enables speed, cost relief of BITCOIN transactions, and the features we saw in previous magazines about lighting network. And in order to benefit from this and make transactions in the lightning network system, a lighting wallet is required.
What is lighting wallet?
This is a program with an application that allows you to send, receive and store bitcoins at the level of satoshi (satoshi is a small amount of bitcoin for example cents in a shilling).
The two main types of wallets are;-
1. Custodial wallets;
these n wallets in which the management of private keys lies with the authorities of the respective wallets. They make it easy to send and receive online currency. Also, the beauty is that if you forget to open your wallet, you can request new keys from wallet owners via e-mail and you will not have lost your coins that were in your wallet. With this feature, it helps people who are starting the journey of Internet currency (Bitcoin). An example is the wallet of SATOSHI, blue wallet etc
2. Non-custodial;
these are wallets in which the management of private keys rests with the user himself. These are used by the most experienced in online currency. And if you forget your password or lose your private keys, you will not be able to find them again, causing you to lose your coins completely. Examples are Muun, Phoenix etc
These two types fall into two categories:- mobile wallets (hot) and hardware wallets (cold)
1. Mobile wallets hot..
these are wallets that can work with the presence of the internet and work on devices such as phones, computers and browsers. The advantage of these is that you will be able to use your coins anytime. You can also change to get cash or make online currency payments. 🎯These are very useful for people who use their coins in daily transactions.
2. Hardware wallets cold
These are wallets that keep bitcoins for a long time in specialized equipment. When someone needs their coins, they transfer them to mobile wallets and then you will be able to use them.🎯These are suitable for people who keep their internet coins for a long time without using them
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 ne
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 ne
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.