Bitcoin is not going away. |
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Money printing has allowed UNEARNED WEALTH to concentrate in the hands of a few power hungry, greedy people giving them the means to wage wars endlessly.
"Absolute power corrupts Absolutely".
Bitcoin is truly DECENTRALIESED the beauty of this is there is NO one attack surface. No office. No bank. No pile of coins to be stolen. No where the government can walk in and take over.
"Absolute power corrupts Absolutely".
Bitcoin is truly DECENTRALIESED the beauty of this is there is NO one attack surface. No office. No bank. No pile of coins to be stolen. No where the government can walk in and take over.
Although Cryptocurrencies are a bit of a roller coaster ride, the gains over the last 10 years have been undeniable.
I believe this is just the start. I believe the financial world will turn inside out over the next few years.
The excessive money printing and borrowing of all the major governments could lead to the collapse of the Dollar, Pound and Yen leaving your pensions and investments worthless.
There are no official experts out there. There are no training courses as the whole space is moving so fast, its a full time job staying up to date. The only real experts are the people that have been following the scene every day.
If you wish to DONATE some Bitcoin afterwards, that would be most welcome.
I believe this is just the start. I believe the financial world will turn inside out over the next few years.
The excessive money printing and borrowing of all the major governments could lead to the collapse of the Dollar, Pound and Yen leaving your pensions and investments worthless.
There are no official experts out there. There are no training courses as the whole space is moving so fast, its a full time job staying up to date. The only real experts are the people that have been following the scene every day.
If you wish to DONATE some Bitcoin afterwards, that would be most welcome.
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Why Bitcoin BTC
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Down sides are
Stick with Bitcoin (BTC) untill you have spent at least a year studying the subject. Beware copies like Bitcoin Cash (BCH, BSV or BCC) lurking on websites like coinbase pretending to be the real thing. If its backed by a bank or a company or some one rings you its not Bitcoin. Where to buy Bitcoin ?Privately or not ?
Most governments legislate that any money exchanging companys have to keep records of who and how much money was echanged this is known as -
Not Privately
BITTYLICIOUS https://bittylicious.com
Exchanges are more involved but you can get the best price and trade back and forth. https://www.kraken.com/ https://www.bitfinex.com/ Privately
No record of the transaction takes place. Its just between you and the other party. https://localbitcoins.com At LocalBitcoins.com, people from different countries can exchange their local currency to bitcoins. The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking. Bitcoins are placed in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly. https://bisq.network AKA Bit Square. A decentralised Exchange. At an ATM - Dont forget get to wear sunglasses and a moustach ! 99bitcoins.com/bitcoin-atm-near-me-map/ 
Bitcoin cannot defend its self as it is not a company or a personality is just a consensus of like minded people that want a free currency beyond the control of Banks, Governments and individuals.
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The Blockstream Satellite s (5 of) network broadcasts the Bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and providing anyone in the world with the opportunity to use Bitcoin.
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Scams and Frauds
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Is it a scam ?
Does it benefit a -
Then its a scam. |
ALL MONEY IS A SCAM.
Bitcoin is the only one that does not benefit a government, organization or individual. There's nearly 5000 crypto currencies, at least 99% are Deliberate SCAMS the other 0.9% will go no where. Leaving may be 0.1% worth while and in my opinion only 3 truly free currencies- Gold, Silver & BITCOIN BTC. These rely on Proof Of Work- You have to dig it out the ground or mine it with electricity or purchase it. Not POW = SCAM |
Bitconnect was the classic SCAM / Ponzi scheme. A very large quantity of pre mined. The price was pumped on the exchange. Seeing the price rocketing, people bought in on the way up until the rug was pulled out from underneath them. Coins where sold very quickly leaving you holding a "bag" of worthless coins. See "Bag Holder".
This is what governments do to your savings only much more slowly.
This is what governments do to your savings only much more slowly.
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Learning About Bitcoin.
To truly understand Bitcoin you need to understand it on several levels.
- Its nerdy internet geek money.
- Finance, who issues money.
- Why it makes Banks obsolete.
- How it will cut government spending down to size.
- The impending Financial melt down.
- Why decentralization is important.
- Proof of work.
Trusted crypto commentators
Andreas Antonopolis - is one of the best educators in the space. With numerous talks / videos on Youtube for all levels.
https://www.youtube.com/user/aantonop Learning about Bitcoin https://bitcoin.org/en/ The World Crypto Network https://www.youtube.com/user/WorldCryptoNetwork Jame Lopp (for in depth technicals) https://lopp.net/bitcoin.htm Learning FinanceMike Maloney - The hidden secrets of money
A great little YouTube series https://www.youtube.com/watch?v=iFDe5kUUyT0 Learning TradingSunny Decree
https://www.youtube.com/watch?v=BkZncTKQ8Ug Trace Mayer (advanced) www.proofofkeys.com What Bitcoin Did Podcast. Some great interviews with various influencers. https://www.whatbitcoindid.com/ |
Recomended ReadingSaifedean Ammous - The Bitcoin Standard
When a pseudonymous programmer introduced “a new electronic cash system that’s fully peer-to-peer, with no trusted third party” to a small online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralised software offers an unstoppable and globally-accessible hard money alternative to modern central banks. Andreas Antonopolis - The Internet of Money Bitcoin, a technological breakthrough quietly introduced to the world in 2008, is transforming much more than finance. Bitcoin is disrupting antiquated industries to bring financial independence to billions worldwide. In this book, Andreas explains why bitcoin is a financial and technological evolution with potential far exceeding the label "digital currency." Crypto Twitter Twitter is the battle ground for the harts and minds of the Crypto world. Scammers come and go trying to sell "THE NEXT BITCOIN" or Banksters trying to FUD bitcoin, the Bitcoin community rigorously defend the real Bitcoin.
- who to follow :- @saifedean @TraceMayer @WhalePanda @lopp @CaitlinLong_ @AnselLindner @POMP @hodlonaut Fund Rasing / Patreon Alternative
https://tallyco.in Welcome to the Bitcoin alternative of Patreon and GoFundMe! Start fundraising today. Incentivize donations. Get paid instantly! ZERO fees. |
Bitcoin Storage
Software Wallets
Small amounts storage could be on your Mobile phone App EG green address. A true open source Segwit enabled wallet.
As this is connected to the internet It could be hacked! GreenAddress on IOS Bluewallet IOS and ANDROID Samourai Wallet https://samouraiwallet.com/download https://www.wasabiwallet.io Very privacy orientated. |
Or a desktop App such as Exodus
As this is connected to the internet It could be hacked! So best for small amounts. 
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Hardware wallets.
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Larger amounts should be stored on a dedicated storage device EG Ledger Nano s or Trezor. They make transactions easy. Of course your Bitcoin is not stored on the device. Its stored on the block chain so IF you loose your device you can buy a new one - Log in with your 12or24 word seed and you have access to your Bitcoin again. This is generally true for all devices as long as you have made a copy of your 12/24 word seed IN HAND WRITING ON PAPER. Do NOT type them into a spreed sheet and save or print. Remember your computer can be hacked, your printer can be hacked.
Never keep your Bitcoin on an exchange!
Remove it to your storage device ASAP. Exchanges can and do go bust or get hacked or an employee can “loose” the currency. In crypto your private keys are everything. Not your keys - Not your bitcoin. 
https://tangem.com
Phisical Bitcoin. Revolutionary ? How do you know they havent copied your key before hand ? |
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Storing Really large / Institutional amounts of Bitcoin.
You could store Billions on any one of these devices / wallets, but institutions are unable to because of legislationary reasons Like where do you keep the Keys in an office draw? a safe? a paper wallet ?
1 Billion Dollars on your smart phone is not going to cut it !
Some company's are now filling this gap such as -
Fidelity - Is the first up and running Bitcoin storage firm.
https://www.fidelity.com/viewpoints/active-investor/beyond-bitcoin
Bakkt - www.bakkt.com/index
Institutions Buying large amounts of crypto could make the prices EXPLODE UPWARDS !
1 Billion Dollars on your smart phone is not going to cut it !
Some company's are now filling this gap such as -
Fidelity - Is the first up and running Bitcoin storage firm.
https://www.fidelity.com/viewpoints/active-investor/beyond-bitcoin
Bakkt - www.bakkt.com/index
Institutions Buying large amounts of crypto could make the prices EXPLODE UPWARDS !
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Public Keys -
A bit like a email address. The wallet address you want people to send money too can be represented in 3 ways. Its purest original form. Very tricky for humans to read. - 3FtenCiXpSLqD8L49intRiXUgjRoH9sjXa A 12 or 24 word seed eg - cradle squeeze wrap web speed bottom laptop response blanket glance silk usefull 
This can also be in the form of a QR code. The most popular way. Easily read by smart phone.
Private keys -
Your key to your wallet NEVER TO BE SHOWN eg - 3ykeICiXpSLqD09hL7Jk9intRNXUgjRoH9sjXaf53hagSd4Dha This has been made easier for humans and computers to read in the form of a 12 or 24 word seed phrase or QR code. Jargin Buster
Altcoin Crypto currency thats not Bitcoin BTC Bag Holder Person left holding bag of worthless coins. Bankster A banker that hold governments/economies to ransom BULL Market Price going up BEAR Market Price Going Down BTC Bitcoin Trading Identifier (the real Deal) BCH Bitcoin Cash Trading Identifier (Bcash) ( Bitcoin copy scam) BTD Buy The Dip (also see BTFD) CRYPTO All things relating to Cryptocurrencies DOXX Doxxing is exposing your personal info DUMP Mass selling makes price go down Eighty percenter Believes in bitcoin 80% maybe has 20% Alts FUD Fear Uncertainty Doubt (FUD Debunked) O G Original Gangster ( early bitcoin adopter ) HODL Hold On Dear Life HODLer Some one who owns Crypto currency Lightning Network A second layer solution for speeding up Bitcoin. Maximalism Believes there is only one true Bitcoin Maximalist Maximalish Believes theres probably only one true Bitcoin. Mining The machinery that makes it work NOCOINER Some one who does not own Crypto currency POW Proof Of Work - You have to do work to get some. PUMP Mass buying makes price goes up DUMP Mass selling makes price go down REKT Lost all your money on Crypto Shitcoin Ultimately worthless coin or every coin other than BTC |
Bitcoin price / investmentNow could be a good time to buy at less than $4,000 (I'm just going to leave this). Whilst the lame-stream media are slating it, people have forgotten about the epic rise to $18,000 & Before the next run up, which could be epic !
THERE IS ONLY ABOUT 3 MILLION BITCOINS LEFT - EVER ! Or should I say theres only 300 Trillion Satoshi left - EVER ! 
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