Posts

Showing posts with the label value

How much will 1 Bitcoin be worth in 5 years?

-
Image
Someone ask me on Quora: How much will 1 Bitcoin be worth in 5 years? My Reply: Given the fact that Bitcoin needs wide spread adoption, the minimum value of Bitcoin in five years time will be at $100, 000.00 in the least. These are my reasons: 1.        The last bull run nearly push the price of Bitcoin to $20, 000.00 2.       The fact that more people will learn more about Bitcoin most especially the millennial generation. 3.       The traditional institution by then would have invested in it pumping the price to the moon. 4.       Solutions to scalability problem. 5.       The lost in value and trust in state owned currency i.e. National Currency These are what I could think of right now that will drive the price up. It could worth more than that. Want to gift your love ones customized watch for this holiday? Visit our  website ...
Post a Comment
Read more

What is your recommendation for bitcoin? Hold, buy or sell? Is there any practical use for cryptocurrency?

-
Image
Someone ask me on Quora: What is your recommendation for bitcoin? Hold, buy or sell? Is there any practical use for cryptocurrency? My Reply : Funny enough to your question, I got two people at my office after teaching them on Bitcoin ask me the same recently. I always answer people like this. When it comes to what you can do with Bitcoin, you have three options. You can play the LONG TERM GAME if you are just trying to figure it out and not the get rich quick type. What I mean by playing the long game is that you should add Bitcoin to your savings. For example, if you earn $1000 a month and you save $200 in your savings at the bank monthly, I suggest you set aside $400 out of it to be buying Bitcoin and HODL for like a year. Let do a simple Maths here. If starting from today you buy $400 worth of Bitcoin for the next one year, then the Maths will go thus: $400 * 12 = $4, 800.00. You have invested $4, 000.00 worth of dollar...
Post a Comment
Read more

Do you think cryptocurrency is going to go back to being as valuable as it was?

-
Image
Someone ask me on Quaora " Do you think cryptocurrency is going to go back to being as valuable as it was? " Actually I can't just speak for every Cryptocurrency but Bitcoin is going to shoot past the previous All-Time high and set a new price record. Bitcoin is the next evolution of money. Even though it has not ticked off all the boxes of an hallmark of currency, it is currently serving as a good  store of value . With the rate inflation is destroying National Currency (Zimbabwe Venezuela, Turkey…) as just few examples the natural evolution of money is for humans to move   on to something that's scarce, fungible, valuable… Bitcoin is fitting the bill each day. So Bitcoin for me. Other cryptocurrencies I am bullish on includes: 1.        Ethereum 2.       BitcoinCash 3.       Dash 4.       Litecoin
Post a Comment
Read more

Guess the Oldest Fiat Currency

-
Image
The longest fiat currency in the world is the British pound. It has been in existence for more than 300 YEARS . I saw an article online talking about it. Not well articulated but draws out the fact that "the pounds sterling has lost 99.5% of its value". This goes to show that for someone who has decided to use the fiat currency as it store of value, it is in for the losing game. The constant devaluation of our currency make it the worst form of store of value. In this generation, savers are losers. You can not save your way to be a millionaire. You have to invest. This is not a Financial Advice!  Do your own research. One of the most liquid investment around is cryptocurrency. Bitcoin which is the oldest and most important of it all is working like Gold. Since inception, bitcoin has performed incredibly well against the US Dollar. As impressive as it sounds, it does not come without some demerits. It is highly volatile. The risk is solely yours i.e. you are resp...
Read more

Bitcoin Might Bottom to $5,000 Before Springing All the Way to $50,000

-
Image
Back in July, when Bitcoin was trading around $7,500 and the price was climbing, Arthur Hayes, co-founder and CEO of cryptocurrency exchange BitMEX, predicted Bitcoin could continue to drop. He marked $5,000 as a possible bottom, before a big market rally could propel Bitcoin to an astonishing new all-time high of $50,000 by the end of the year. While Bitcoin and the cryptocurrency market as a whole is searching for widespread adoption and critical developments tackling security flaws and solving scalability issues, Hayes made his assessment based on market behavior. In a July interview with CNBC, he explained why he believes the summer months and a financial world of globe-trotting vacationers is at play. His expectation: the markets will heat up in Q3 and Q4. Hayes is a former equity derivatives trader and market-maker for Deutsche Bank and Citibank’s Exchange Traded Funds (ETF). He co-founded Hong Kong-based BitMEX in 2014. The exchange is now valued at $3.6 billion on a ...
Post a Comment
Read more

Popular posts from this blog

When the game is rigged: The Helping Hand

-
Image
Part 4. It's July 1998, and we have reached the business end of the World Cup in France. France square it against current defending champion Brazil. Everyone knew what dangers posed by the Samba boys. It's not a fluke this nation has 4 winners medal to their name. And besides they had the deadliest attacker in the game, Ronaldo De Lima. In a charged arena, finally the whistle went for kick off. The French were on the attack from start to finish and they won their first trophy. Two goals from Zinedan Zidane and a third from Emmanuel Petit secured victory. Now why am I telling you this story? What's all this have to do with succeeding in business and life. Yes, hard working France won, big deal! They won their second trophy last year, what's the point? Yes, France won that trophy but its not that victory which is so important. It's the news that later emerged about how they won. In 2018 former UEFA president, Michel Platini, revealed how they ...
Read more

When the game is rigged: The Secret Formula

-
Image
Part 3: Studies shows that it's neither the best products that sell the most nor the best boxer which wins every bout. Yes, hard work, persistence, perseverance, a fiery passion and an impeccable altitude are all factors of success but then there is something more. A secret formula which can turn everything, even a sows ear into a silk purse. Every champion knows that despite the fact that they got themselves to the edge of glory relying on being dogged and long suffering, real success wasn't achieved until they discovered the little piece of rare magic that transformed their efforts into victory. An African adage says...that thing which the Elder are using to eat their pudding is under the leaf wrappings... And they also say...If a child knows how to clean his hands, then he would eat with the Elders.... True victory can only come if you have discovered that the games of wealth are rigged and you would need an 'Elder' who deem you clean enough to '...
Read more

Bitcoin, Crypto and Banks: Economist Says It’s the End of Government Monopoly on Money

-
Image
Jeffrey Tucker, economist and editorial director for the American Institute for Economic Research, is calling out banking elites and governments for their long-standing monopoly on money, which has led to “world wars, depression and inflation, enormous government indebtedness, and the rise of leviathan states that learned to print their way to power and riches.” In a recent report, Tucker advises central banks and governments to stop meddling in the world of crypto — where they’re not wanted, not qualified and not going to succeed. But banks are hardly lying down and rolling over. They’re lining up solutions to kick Bitcoin and crypto to the curb, challenging the fintech startups that are vying to take away their monopoly and world dominance. Tucker addresses their central scheme to stop the competition: issue their own digital currencies. But a government-backed, central bank-branded coin would have nation-state borders and would live on a permissioned blockchain. It would ...
Read more