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Understand the problems, before understanding Bitcoin
There’s something sinister on the horizon for global markets right now. Any rational person can see it.
Bitcoin has been grappling with the Macro outlook, Faketoshi’s lawsuit and the lingering after effects of Luna and other scams that gobbled up the leverage throughout the crypto system.
However, when chatting with Bitcoiners who ignore the noise and focus on the long-term; there is still a strong presence of positivity and patience.
Let’s take a look at a few things that have been happening recently…
Only the Strong Survive
This bear market has ruined a lot of people. Many have been liquidated. Many have lost fortunes (but many of those fortunes were based on nothing in the first place).
As the crypto world flounders, there are some who simply don’t care what has transpired. They don’t care that Bitcoin has reached $20,000. Because they know the end-game.
Musings in a bear market
The bear market. Here we are again. Or, to some, welcome for the first time.
It’s that time of the cycle, where conviction is being tested and a reality check is needed for most.
To many readers, you are here because no matter what price you bought at, whichever friend you listened to or whatever reason you think you may have bought Bitcoin; you actually bought Bitcoin for one reason. You may or may not realise it yet, but you made a bet against the current system. You hedged against manipulation. Bear markets make investors realise this. And unfortunately, this bet you made is the furthest thing from being easy.
Tips to avoid scams
Last week, a massive scam broke out where many users of Trezor hardware wallets were affected.
Yes, most scams/hacks occur when holding your Bitcoin on exchanges or with custodians but when custodying your own Bitcoin. The highest risk comes with human engineering. There are steps you need to take and a mindset you need to maintain, to avoid scams when custodying your own Bitcoin.
Russia, Exonn and 19 Million Bitcoin
We are about to see the 19 millionth Bitcoin enter circulation sometime in the next week. And there’s only another 2 million to go, by the decade ~2140 AD, based on the supply and halving schedule.
19 million Bitcoin in supply. 2 million left. 21 million Bitcoin only. And 56 Millionaires worldwide.
In the words of Greg Foss, ‘it’s just math’.
Nation states are awakening to the new world order (and a new world money)
The long term repercussions of this, are going to be frightening to many who like things to remain the same. Because this was the point of critical mass for the US Dollar and America’s hold on nations through their reserve currency. ‘After this war, money will never be the same.’
What the f#ck happened in 1971?
To put it simply, it was the moment Richard Nixon moved off the gold standard and the fiat system was born. I firmly believe that the next generation/s will look back and deem this as a dark, dark moment in mankind’s history and yet, most people don’t even know what it is.
Regulation and Altcoins: from Facebook to Failure
With regulation looming, altcoins are in for a rude awakening. They will most certainly increase regulation on Bitcoin exchanges over time, but Bitcoin itself will keep evolving and circumventing. This is what it does best. Decentralisation is everything. It is the entire point of crypto. But most people fail to realise what this actually means. It is what makes Bitcoin indestructible and thus, so valuable. It is what makes Bitcoin the only competitor to the Plutocrats. Bitcoin is Us. Everything else is Them.
What can we expect from Bitcoin this year?
There are a lot of possibilities this year and the biggest short-term factor will undoubtedly be what Central Banks decide to do. Dovish or Hawkish – either will drive the price.
In the long-term, however, it doesn’t matter. This is why we implore people to have a long-term perspective on their Bitcoin holdings.
As Bitcoin adopters put in more time and effort to understanding this asset, we will likely see this asset move from risk-on to risk-off, with a lot of volatility in between.
Sit back, focus on the things that matter, don’t try to time the markets, stack more Sats, have a long-term perspective and enjoy the ride.
Have a great year ahead!
A new year, a new Bitvice
Happy new years, happy 13th birthday to Bitcoin and finally we would like to introduce you to the new Bitvice – where we’ve made buying and securing Bitcoin simple.
Whilst Bitcoin’s price has been boring people to death, we’ve been hard at work and have partnered with Stitch to make buying Bitcoin the right way – as easy as possible.
Inflation: a tale of two countries
We are taking a thorough look at what’s happening in Turkey and what similarities it has with South Africa’s past, present and potentially, it’s future. The ANC is not the only corrupt government on this planet. Unfortunately, the fiat system has led central powers down a dark road where greed is endless, money printing is easy, and thus the fiat roads are all leading to zero. We can exit all of this madness. There is an incorruptible, uncontrollable, decentralized, scarce asset called Bitcoin, that is the complete antithesis to this all and the ultimate hedge against inflation.
El Salvador’s president becomes a ‘toxic Bitcoiner’ and trolls the Bank of England
The funny news for the week… It seems that El Salvador’s president Bukele has become a ‘toxic maximalist’ who’s taking a liking to trolling world powers. In other news, Microstrategy bought the dip – big time and a Bitcoin price floor model by Plan B has just been broken.
South Africans creating incredible projects on Bitcoin
We want to let you know about some South Africans working on Bitcoin – domestically and globally. Most of the Bitcoin news is from the US or Europe, but at home, there are smart South Africans trying to bring Bitcoin closer to the people.
The basic guide to setting up your Bitcoin Will
This is a topic most Bitcoiners have thought about, but few actually implement. The brutal reality of being a Bitcoiner at this point in time …
Taproot is activating soon!
The latest weekly Bitcoin News including Bitcoin’s upcoming activation of Taproot this month, Zimbabwe considering Bitcoin as a legal payment service and the Bullish indicators of Q4!
What is the Bitcoin ETF and what does it mean?
The Bitcoin ETFs are exchange-traded funds that track and mimic the value of Bitcoin. These are traded on traditional market exchanges and allow individuals and more importantly, institutions to indirectly invest in Bitcoin, without having to own or custody it themselves. In other words, the Bitcoin ETF will allow investors to seek return via the Bitcoin price, without actually owning the asset themselves.
What does the world look like at $1million per Bitcoin?
First of all you’re probably wondering if Bitcoin could possibly reach $1million? The short answer is yes, it could. The only real questions are how long would it take to reach that mark, how volatile will the journey be and how far will the US Dollar be devalued against what it is today?
Bitcoin Self-custody Essentials
A basic guide for Bitcoin self-custody. The do’s and don’ts of managing your private keys to ensure that you always remain in control of your Bitcoin. It is a vital step in the direction of self-sovereignty. Bitcoin was designed exactly for this method of ownership. Self-custody brings the promise of freedom, but requires that you take extreme ownership of the assets under your control.
Bitcoin is sovereignly accepted
This week we want to focus on one thing that happened yesterday, the 7th of September. A day that might be remembered in the history books of the future.
Bitcoin was officially adopted in El Salvador as legal tender and the country became the first to officially buy Bitcoin in its sovereign capacity!
Bitvice’s Bitcoin Basics – Blockchain
Introducing a new instalment to our newsletters: Bitvice’s Bitcoin Basics.
For those that are new to Bitcoin we will be covering the basics in a simple, bite-sized way to help you learn more about this complex subject and to give you the tools to explain the topic to friends and family in a concise manner. This week’s topic: Bitcoin’s Blockchain.
Open networks benefit everyone
Open networks are networks that do not require permission to build on top of, or use. These are inherently better than permissioned or closed networks guarded by gatekeepers, as the sheer volume of people able to access and build new innovations on the network dwarf any benefits given by a closed network.
The biggest week in the year for Bitcoin
A round up of the top news stories this week including:
– Annual Bitcoin conference
– Germany to raise food prices by 20-50%
– 19 millionth Bitcoin was mined on Saturday
Bitcoin: a candle in the dark
Other cryptos are not a hedge against hegemony. There is only one tool for that – Bitcoin. In a world gone dark, thank goodness there is something that shines a little bright with hope.
The CEO of one of the biggest exchanges in the world tells everyone to get their Bitcoin off of exchanges
Regulators in Canada have come out in full force to request Crypto Asset providers to provide info or lock accounts for individuals linked to the protests and those who have donated to the movement. Jesse Powell, the founder of one of the biggest exchanges in the world, Kraken, has publicly advised people to move their crypto assets off of exchanges and into self-custody.