So I just wanted to tell you guys a little bit about my intro in cryptocurrency. I got interested in the way high of December 2017, like most fiat normies. So I bought into an initial high of $ 16,000, using up all my savings for about 0.55 btc. You can imagine my initial disappointment in the following months. I got into crypto so late because I had not heard of it due to me always studying and not doing much else. But I started reading and researching about it, why we need it, and about blockchain in general; I even taught myself some technical analysis. I am fully commited to the project now and I am working full time now and investing all I can for more bitcoin. I will one day have a full bitcoin, this project is the next great technological and financial step, dont give up guys. We have the chance of being a part of something great. Remember everyone, HODL!
Within that discussion, Bitcoin and its ubiquitous symbol are bound to be a major talking point. The Bitcoin symbol is to the cryptocurrency world what …
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Hey guys, I wanted to share something many of you living in a 1st tire world countries might not relate to. I live in Egypt … a beautiful very old place .. with inflation rate constantly between 7% -20% for the past 40 years, and some times 35% like last year. The value of our fiat currency which is called the Egyptian pound compared to the US dollar is as follows .. 3.8 EGP/USD in 2001 , 8.8 EGP/USD in 2016 , 17.9 EGP/USD today. Saving money for future in our fiat currency have worked very very badly as you can tell, top 1% of our society control around 48% of the wealth, and those doesn't own fiat, they own land, gold, factories and other assets .. leaving us with the worthless fiat paper. Freeing the exchange rate for our currency in November/2016 wiped out half the value of the fiat holdings for all the Egyptians.
And here comes the moral of this little story, Letting the money valuation in the hand of some old stupid corrupt individuals in the government who wasted our hard earned money through their stupid selfish decisions is not right and can never work in the favor of the people, I as another 100 million Egyptians have seen and felt it. This story is very common if you looked closely to other countries like Greek, Turkey, Bolivia, Iraq, Argentina and many countless African nations.
I believe in Bitcoin because i trust Math and logic more than i trust my government corrupted officials. I believe in Bitcoin because i am okay with it going up or down, when knowing with my fiat there's only one way the DOWN way.
Have a nice day you all, and as always HODL 🙂
It is true the technology that allows bitcoin to function—the blockchain—is antifragile and resilient, but it still has an Achilles tendon. There is at least …
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Phil Egan. If your idea of a modern miner is a guy with a lamp-helmet and pickaxe, you may be a techie dinosaur – as I was mere days ago. That was before I learned about a technology that might be as revolutionary as the Internet itself. It's called hyperledger blockchain technology, and many believe …
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I'm currently traveling through South America, where credit cards are rarely accepted (only by really high-end restaurants and hotels). I normally take cash out of the ATM and use that, but I screwed up and forgot to take my card back from the ATM so it got eaten. I called the ATM's bank and they said it would take 5 days to get the card back, but I was already on my way to a different country. My bank said they could mail a new ATM card but that would also take 5+ days. So I found myself stuck with about $ 25 to last me for 5 days, maybe even more.
I looked at my different options, Western Union and MoneyGram wanted to charge about $ 15, plus a 3% fee on conversion rate – PLUS a bank wire fee of $ 25 by my own bank!
Then I had the idea to get on Coinmap, and lo and behold there's a cafe that accepts BTC. I stopped in for lunch and the owner asked me if I wanted to sell any Bitcoin. I was like hell yeah, that would be a lifesaver! He used a local exchange rate, which was worse than mine, so not only did I get a fresh stack of cash to hold me over for a week, I did everything completely "off the grid" and actually made a few percent instead of paying like $ 50 in fees.
It was my first cash sale of Bitcoin and it really showed me how useful and flexible having a decentralized currency can be. Anyways, just wanted to share my success story from today :] Cheers all