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For anyone looking to invest in Bitcoin, it's crucial to read and understand its fundamentals fully. While the asset is experiencing exponential growth, it is still at the infancy stage where even minor shifts in capital can cause significant market volatility. Such a situation demands reading and analyzing relevant data while also paying attention to individual investment strategies that align with overall goals. Educating oneself on all aspects of Bitcoin can help mitigate risks from uneducated investments during its bumpy journey towards maturity as investors gain insight into risk management tools for portfolio optimization.#BTC #investing
This channel called #WHATBITCOINTAUGHTME,embodies my dedication to rising at 4 am, well before my job starts, to immerse myself in the world of Bitcoin.
Whether it's absorbing articles, podcasts, or videos, I delve deep into all things Bitcoin-related, distilling complex concepts into easily digestible insights for my followers.
If you resonate with my mission to fully embrace the Bitcoin lifestyle, I'd be grateful for any support in sats – after all, every contribution fuels our journey towards financial sovereignty! 🌟🚀
Thank you for reading me! 🤓🙏
#Bitcoin and #gold are considered forms of money due to their scarcity, durability, divisibility, portability, and recognition as valuable assets. They serve as reliable stores of value and mediums of exchange.
In contrast, fiat currencies and credit rely on trust in issuing authorities and lack the inherent scarcity and durability of Bitcoin and gold.
Therefore, while fiat currencies and credit may facilitate transactions, Bitcoin and gold are often regarded as superior forms of money due to their intrinsic properties, making them more resilient stores of value over time.
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#Bitcoin's genesis wasn't accidental but a result of deliberate developments and demands for money technology innovation. Beginning with cryptographic advancements in the 1970s-80s, it evolved through research on digital cash in the 1990s.
In 2008, Satoshi Nakamoto synthesized these concepts into the Bitcoin whitepaper, culminating in the launch of the network in 2009. Subsequent years saw Bitcoin's gradual adoption, spurring the development of exchanges and blockchain technology.
The cryptocurrency's surge in 2017 highlighted its intentional evolution, driven by societal needs and deliberate efforts, not chance.
#Bitcoin's value appreciation compensates for its inherent risks: extreme volatility, regulatory uncertainty, security vulnerabilities, market liquidity challenges, technological risks, and psychological factors.
Investors accept these risks for the potential of outsized returns, recognizing that the compensation in value growth offsets the risk they undertake.
Is never too late 🤓👌
Inflation is not the main concern for the existing financial system and global reserve currency; instead, deflation poses a severe threat. Central banks resolved past inflation issues through QE and negative interest rates. However, these measures may prove inadequate in addressing future deflationary pressures affecting the economy. Once monetary policy options exhaust themselves, central authorities might resort to unconventional interventions that could pose a greater risk to individuals' livelihoods and disrupt markets further. Bitcoin offers an alternative monetary solution as its supply is fixed, providing protection against rampant inflation or deflation-driven currency fluctuations that plague fiat currencies such as USDollar. #BTC #inflation
Be humble stack sats.
Banks, politicians and centralised networks were build on old beliefs by humans, same as you.
#Bitcoin #custody is a spectrum because it offers various levels of control and security. On one end, self-custody gives users complete control but requires technical expertise and responsibility.
Custodial services, on the other hand, offer convenience but sacrifice control to third parties. In between, multisignature wallets and hardware wallets provide a balance of control and security.
Each option caters to different needs and risk tolerances, forming a spectrum of custody solutions. Users can choose based on their preferences, balancing convenience, security, and control according to their individual circumstances and priorities.
#Fedimint
Thomas Jefferson's warning, "I sincerely believe that banking establishments are more dangerous than standing armies," highlights the potential peril of central banks. These institutions wield significant influence over a nation's economy, with the power to manipulate interest rates and currency values.
However, unchecked authority can lead to favoritism toward financial elites, exacerbating inequality. Central banks, lacking democratic accountability, risk undermining the very principles they are meant to uphold.
Jefferson's words serve as a stark reminder of the need for transparency, oversight, and democratic control to mitigate the dangers posed by central banks and protect the interests of society as a whole.
Dead Investors Outperform live investors 🤣. Invest in Bitcoin and act as you were dead 💀🤣
#Exponentialgrowth, driven by digitization, deception, demonetization, dematerialization, and democratization, is a transformative force in various industries.
Digitization enables widespread replication and distribution at minimal cost, while deception disguises modest beginnings before rapid expansion. Demonetization lowers barriers to entry, fostering exponential growth by making products or services more accessible.
Dematerialization replaces physical with digital, enhancing efficiency and scalability. Democratization empowers individuals and small entities to compete, catalyzing innovation.
These forces combine to create a landscape where exponential growth isn't just possible; it's the norm, reshaping industries and societies at an unprecedented pace.
#Bitcoin is difficult to understand because it challenges our traditional understanding of money and finance. Unlike fiat currencies, which are backed by governments and regulated by central banks, Bitcoin operates on a decentralized network using blockchain technology.
This decentralized nature, along with its cryptographic principles, can be complex for many to grasp initially. Moreover, Bitcoin disrupts conventional notions of value, ownership, and financial transactions.
It introduces concepts such as digital scarcity, peer-to-peer transactions without intermediaries, and censorship resistance, which can be difficult for individuals accustomed to traditional banking systems to comprehend.
Thus, #Bitcoin's disruptive potential lies not only in its technological innovation but also in its ability to reshape our understanding of money and finance.
Tether Boosts Bitcoin Reserves💸
https://cointelegraph.com/news/tether-boosts-bitcoin-reserves
He should 🤓🙏