submitted by /u/afiqazni [link] [comments] |
This blog brings you the best Cryptocurrency & Blockchain, ICO & P2P and Exchange & Laws news. Also contains technology and research based post from all around the world every single day. Get informed! Think Future!
Sunday, 14 March 2021
Need some explanation on what we call "settlement layer"
Let's talk about an use case of Bitcoin Cash, that is for remittances. This is how I think BCH would be used:
- An expat earns money in her local currency, then use those money to buy BCH.
- She sends those BCH to her family in her hometown.
- Her family then sells BCH for fiat.
Is BCH in this use case considered a settlement layer?
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source https://www.reddit.com/r/btc/comments/m4qpxm/need_some_explanation_on_what_we_call_settlement/
Why No-Coiners Should Buy $100 of Bitcoin
Because that's what I did.
Ok, there's more to it than that. Yes, I bought .04 Bitcoin for $100 in 2017. Surely I was pissing the $100 away because an imaginary internet coin couldn't possibly be worth that much.
I watched Bitcoin rocket to $20k, crater to $3k, and bounce back. Then, in early 2020 my outlook changed drastically. To my surprise, it was doggedly holding onto a $10k valuation. To rise and fall and years later be back up so high...that is not how a bubble on a weak asset plays out.
That's when I made a much larger purchase, giving Bitcoin a real place among my assets. I've accumulated more value on that purchase than any other investment of mine in the same time span.
But without that $100 purchase in 2017, I wouldn't have gained the education. And without the education, I never would have had the conviction to buy a more meaningful amount in early 2020.
The point of all this is that micro-sized investments are much more meaningful than you might think. What's $100 if it enables you to acquire knowledge or experience that makes you much more money down the line?
So, if you are too unsure about putting thousands of dollars into Bitcoin, try $100...or maybe $50...or $10. Whatever you are comfortable with.
Life is too short to stay on the sidelines.
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coin day destroy statistics, seems to indicate a shortage of BCH is imminent
more BCH coins now getting locked away in hardware wallet, sooner or later price will rise. As these coins are even more scarce than BTC. Once people getting use to spending bch, demand will push up price
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source https://www.reddit.com/r/btc/comments/m4p7pl/coin_day_destroy_statistics_seems_to_indicate_a/
3 weeks ago, everybody was panicking. Where my long term holders at?
If you value bitcoin you ain’t got nothing to worry about. I celebrate when the dip happens and I load up and buy more. Today it hit an all time high so here’s a virtual toast to my holders! Anyone else celebrating today? If you got this mindset and vision towards the future your here for the long run. For my new people browsing and thinking about investing. Ask yourself this. You probably wish you got some last year and 10 years before that so what’s stopping you now?
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