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Bitcoin: Does it have a future ?
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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rwitre wrote:Been a while
Checked back in to tell Wazuans to grab some popcorn.
So much pressure something has to pop.
Will it be this week?
Stay tuned and stack sats.
Current BTC price: $60550 That was a wild ride from november 2020!!! you and @mnadii were on the money literally. Bitcoin tested $63,000 after coinbase listing and has now pulled back to $55,000. Where to next for Bictoin, Ethereum and the major altcoins? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Today there is a see of RED, Bitcoin at $48,000 ( 10% down). Smaller cap coins upto 20% down. But I guess this is normal in crypto swings. Where to next, rebound after this drawdown? Or some more bleeding yet to come? @mnandii. We could use a chart now. Something is happening. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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At times like these, I fall in love with the words "Come Baby, Come". OR. Buy the dip.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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aemathenge wrote:At times like these, I fall in love with the words "Come Baby, Come".
OR.
Buy the dip. Once you believe in the promise Bitcoin holds, you pray for a dip to get more sats.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Aguytrying wrote:rwitre wrote:Been a while
Checked back in to tell Wazuans to grab some popcorn.
So much pressure something has to pop.
Will it be this week?
Stay tuned and stack sats.
Current BTC price: $60550 That was a wild ride from november 2020!!! you and @mnadii were on the money literally. Bitcoin tested $63,000 after coinbase listing and has now pulled back to $55,000. Where to next for Bictoin, Ethereum and the major altcoins? Went deep in the red Bitcoiners will buy. Altcoins with community + use case + growth will survive.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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aemathenge wrote:You too can own part of a #Bitcoin. Each #Bitcoin is made up of 100 million units called "Stats". Go to https://bit.ly/3vkvXXL, create your own account, verify it, then buy, sell, or hodl your stats of #bitcoin. You can buy with as little as Kenya Shillings 1,200.00 via Mpesa or any bank in Kenia. You should put a disclaimer through this link you gonna earn referral commission!  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Spikes wrote:aemathenge wrote:You too can own part of a #Bitcoin. Each #Bitcoin is made up of 100 million units called "Stats". Go to https://bit.ly/3vkvXXL, create your own account, verify it, then buy, sell, or hodl your stats of #bitcoin. You can buy with as little as Kenya Shillings 1,200.00 via Mpesa or any bank in Kenia. You should put a disclaimer through this link you gonna earn referral commission! Indeed I should have. Too late now.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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"When it rains gold, put out the bucket, not the thimble"
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Rank: Veteran Joined: 11/13/2015 Posts: 1,589
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sparkly wrote:wukan wrote:wukan wrote:Swenani wrote:wukan wrote:Swenani wrote:It appears to me bitcoin and other cyrpto-currencies are not backed up by anything apart from trust and hope So too is fiat currency just ordinary paper that we trust and hope holds value. As the people of Venezueala and Zimbabwe found out it's not backed by anything It's not backed by anything but it's guaranteed by someone/something that's why you will work to a mahindi choma guy take his mahindi and give him the 10 bob. Have you ever tried paying for your flight ticket with bitcoins? Isn't the zim dollar guaranteed by full credit of Zimbabwe govt. Venezuela's bolivar is backed by oil reserves and yet they announced they want to develop a virtual currency to replace it. Some companies in Venezuela are only exclusively accepting payment in bitcoin. It will only take massive currency printing by govt to make that mahindi choma guy to refuse your 10 bob. By the way what makes you accept m-pesa, it's not backed by anything just what is contained in the mpesa servers? M-pesa is a crypto-currency tied to the kenya shilling 1:1. You still use m-pesa currency for many transactions e.g paybills and only exchange for kshs when you withdraw from an agent. Bitcoin is like south sea company the eye-opener for joint stock companies. When the south sea bubble burst it didn't stop the formation of joint stock companies. Watch as bitcoin marches all the way to 60,000 dollars before any serious correction. Bitcoin is a concept whose future has arrived. It started off with gold farming #131 Posted : Monday, December 11, 2017 2:30:01 PM Bitcoin has reached the 60k mark and keeps rejecting the trendline. A throwover above 60k and then huge correction. It's been such a ride!!! information was here and wazuans didn't make money Bitcoin has a way of making people look like super-geniuses then like absolute fools. I am not interested in looking like either That correction came through right on time.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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wukan wrote:sparkly wrote:wukan wrote:wukan wrote:Swenani wrote:wukan wrote:Swenani wrote:It appears to me bitcoin and other cyrpto-currencies are not backed up by anything apart from trust and hope So too is fiat currency just ordinary paper that we trust and hope holds value. As the people of Venezueala and Zimbabwe found out it's not backed by anything It's not backed by anything but it's guaranteed by someone/something that's why you will work to a mahindi choma guy take his mahindi and give him the 10 bob. Have you ever tried paying for your flight ticket with bitcoins? Isn't the zim dollar guaranteed by full credit of Zimbabwe govt. Venezuela's bolivar is backed by oil reserves and yet they announced they want to develop a virtual currency to replace it. Some companies in Venezuela are only exclusively accepting payment in bitcoin. It will only take massive currency printing by govt to make that mahindi choma guy to refuse your 10 bob. By the way what makes you accept m-pesa, it's not backed by anything just what is contained in the mpesa servers? M-pesa is a crypto-currency tied to the kenya shilling 1:1. You still use m-pesa currency for many transactions e.g paybills and only exchange for kshs when you withdraw from an agent. Bitcoin is like south sea company the eye-opener for joint stock companies. When the south sea bubble burst it didn't stop the formation of joint stock companies. Watch as bitcoin marches all the way to 60,000 dollars before any serious correction. Bitcoin is a concept whose future has arrived. It started off with gold farming #131 Posted : Monday, December 11, 2017 2:30:01 PM Bitcoin has reached the 60k mark and keeps rejecting the trendline. A throwover above 60k and then huge correction. It's been such a ride!!! information was here and wazuans didn't make money Bitcoin has a way of making people look like super-geniuses then like absolute fools. I am not interested in looking like either That correction came through right on time. we will all be here when the correction gets to Zero If Obiero did it, Who Am I?
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Thank you, Elon. Thank you, Shaina. Bought the dip.
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Quote:"To all who are wondering what happened, Chinese government just announced sanctions against crypto mining and transactions in a top-level conference."
Also, I believe Musk must have known such sanctions were in progress, that’s why he stopped Bitcoin transactions for Tesla to kiss the Chinese government ass.
That’s a huge market for Tesla, and electric car companies are rising in China.
News is Short term, bearish, Long term, bullish.
Mining needs to move away from China.
Bitcoin is a direct threat to the upcoming Chinese CBDC.
China wants a CBDC to challenge the US dollar as reserve currency, but just as importantly, to control the population more closely through a digital renminbi.
Bitcoin can never exist within China, and a break is inevitable, for Bitcoin is freedom from that control narrative." Conclusion. Thank you, China for the dip. Buy the dip. Buying the dip. Source: https://www.reddit.com/r..._what_happened_chinese/
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Please run away as fast as possible. A New Kenya
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Wacha kelele ya chura! Kelele ya chura haizuii ng'ombe kunywa maji! Cryptocurrency is here to live. Embrace it or else you are doomed!!! https://www.nbcnews.com/...latest-crackdown-rcna987John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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Just be serious and go plant avacados and macadamia or keep chicken/bees/pigs/rabbits or rear goats. A New Kenya
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Rank: Member Joined: 12/2/2006 Posts: 658
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aemathenge wrote:Thank you, Elon.
Thank you, Shaina.
Bought the dip. @Mathenge I would like to buy... How do i go about it?
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Julie wrote:aemathenge wrote:Thank you, Elon.
Thank you, Shaina.
Bought the dip. @Mathenge I would like to buy... How do i go about it? Step One: Obtain/seek consent from Guka to use his Thubu Wa Marenge monthly expenditure. Step Two: Pick an exchange or P2P platform where you can buy or sell through mpesa. Step Three: Start buying and selling. CAUTION: Do NOT use your own money, or if you do, use the money you are prepared to lose. I am personally on Paxful under the handle Mahegoat. My referral link is: https://bit.ly/3vkvXXL
If you use that link, I shall be obligated to guide you every step of the way because if you make money, I make some to.
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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True, it is money and currency, but worth currently only 3K to USD Max 5k. A New Kenya
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Congratulations to holders...you survived the largest capitulation event in Bitcoin's history. Those who bought in 2021...yours has been a baptism by fire  Welcome to the rodeo. #StackSats 
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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El Salvador becomes first country to adopt bitcoin as legal tender after passing lawLINKQuote:Lawmakers in the Central American country’s Congress voted by a “supermajority” in favor of the Bitcoin Law, receiving 62 out of 84 of the legislature’s vote.
“The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private natural or legal persons require carrying out,” the law reads.
Prices can now be shown in bitcoin, tax contributions can be paid with the digital currency, and exchanges in bitcoin will not be subject to capital gains tax.
"Bitcoin is a bubble/internet fad/tool for criminals/too complicated...etc." You can keep burying your head in the sand. The Bitcoin Standard is coming. The internet will have a native currency.
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