Discover and read the best of Twitter Threads about #buybitcoin

Most recents (9)

What does it mean when the Federal Reserve changes interest rates and why is it important?

The most educational thread you will see on your timeline today:đŸ§”
1. By definition:

“The Federal Funds Rate is the interest rate at which depository institutions lend reserve balances to other depository institutions overnight, on an uncollateralized basis.”

Okay so that is the scientific jargon. What about the version we can understand?
2. First, what is an interest rate?

An interest rate is a percent of a loan that is given out charged to the person or institution borrowing money.
Read 19 tweets
I’ve been buying #bitcoin for +5 years. I got many things right and many things wrong..

So here are 5 of the most important lessons I have learned along the way. 👇
Lesson 1: Cheap ≠ Value

Don’t get distracted by the per unit price of AltCoins.

#Altcoins are cheap due to their excessive supply. #Bitcoin seems expensive due to the limited supply.

Supply & demand is important. You want limited supply & increasing demand.

#BuyBitcoin
Lesson 2: I am not a trader

Drawing triangles on a chart is cool, but let’s leave the technical trading to the professionals, like @PeterLBrandt & @aspentrading10

Treat Bitcoin as a long term savings a/c. What you already have will be worth an incredible amount in years to come
Read 6 tweets
Kelmarin kita dikejutkan dengan berita Security Commisions Malaysia akan mengharamkan Binance di negara ini. Perkara ini membuat ramai penggemar kripto mengamuk, sebab Binance merupakan exchange yang paling accessible di Malaysia. Tetapi kenapa Binance begitu popular?
Kenapa asset kripto menjadi gilaan ramai sekarang? Apa beza matawang kripto dan wang kertas seperti Ringgit Malaysia? Ianya semua bermula dari Bitcoin.
Pada era digitalisasi ini, kemaraan wang kripto merancak apabila harga Bitcoin mencanak ke 60K USD pada Mei sebelum jatuh 50% dan kini makin pulih. Bitcoin merupakan aset digital yang muncul tahun 2009 selepas 2008 housing market crash di US yg menyebabkan krisis kewangan dunia.
Read 29 tweets
My current weekly view on #Bitcoin: potential bullish engulfing candle forming after testing the 1.618 Golden Ratio of the 2018 decline. Watch this as the weekend closes on Sunday. If proves to be a bullish engulfing, this is an indication of trend reversal
(1/?)
(2/?)
Long-term logarithmic growth line intact since March '20, potential support as we move on.
Weekly resistance level at about $39k; $30-39k being the same price range we have been in since late May.
Weekly RSI remains mildly overbought and approaching a descending resistance
(3/?) Some context: 1.618 Golden Ratio forms a support level during a mid-summer 4th wave correction in each #Bitcoin cycle.
Read 12 tweets
Today: 1 Goulash kroket = 25.000 satoshi

#buybitcoin Image
I had a good deal! Today, the same Goulash Kroket = 27.000 satoshi!
Today, 1 Goulash kroket = 34.500 satoshi.
Read 4 tweets
1/ Draft of a Congressional bill titled "Keep Big Tech Out of Finance" Act is significant.
Note out this announced is right on the heals of Trump tweeting his feelings about #Bitcoin and #Cryptocurrency in general and specifically called out #Facebook #Libra...
2/ FB jumping in the financial industry with their 2billion userbase to tap into *is* a wakeup call. They laughed at #Bitcoin because it was small, but with FB they see a threat.

I'm no fan of #ZuckBucks but I think the #Crypto industry needs to get on #TeamFB with this bill.
3/ This knee jerk reaction to #BigBanks not liking their domain being disrupted by #BigTech, so they're getting Congress involved. It's clearly an overreach in govt trying to coddle #BigBanks, a relationship that needs to seperated more through disruptive tech, not less.
Read 8 tweets
1/ If you have a net worth over $1 Million and own 0 Bitcoin, you need to read this.
2/ Bitcoin is the next and final evolution of money. It will usher in a new economic paradigm that will fundamentally disrupt the existing fiat banking system.
3/ Bitcoin has a radical built in incentive mechanism. It's called scarcity. Almost nothing in life is absolutely scarce other than loved ones, fine art and Bitcoin.
Read 14 tweets
Les taux d’intĂ©rĂȘts des banques centrales sont dĂ©jĂ  Ă  0% dans de nombreux pays. Pour contrer une nouvelle rĂ©cession il faudrait baisser les taux de 3% Ă  6% ! Peu de pays auront cette marge de manƓuvre en cas de crise.
blogs.imf.org/2019/02/05/cas

Dans un monde sans cash il n’y a pas de limite nĂ©gative aux taux d’intĂ©rĂȘts. Actuellement le cash agit comme un plancher contre les taux nĂ©gatifs. PlutĂŽt que de dĂ©poser sur un compte (-%) Ă  la banque il vaut mieux possĂ©der des espĂšces qui ne se dĂ©prĂ©cient pas (=).
Comment dĂ©truire ce palier ? SĂ©parer le cash et l’argent en banque. Établir un taux de change entre le cash et le e-money en banque. Un taux nĂ©gatif peut ĂȘtre pratiquĂ© sur l’e-money, et en mĂȘme temps le taux de change du cash contre l’e-money est dĂ©prĂ©ciĂ©.
Read 6 tweets
Just watched a news report about how 40% of jobs will be replaced by AI in the next 15 years.

Jobs mentioned were:
Drivers
Waiters
Retail shop employees

I actually think the number could be much higher.

Let me explain.

**Thread👇**
Every1 thinks of automation replacing lower end job, and it will, but it will also replace many white collar jobs in the near future as well.

My list would have included the below as well:
Data entry
Accounting
Financial Planning
Accounts Payable
Accounts receivable
Call centers
Currently it is my 9-5 (lol) job to redesign systems in those areas of business to eliminate the need to hire new employees as the company grows.

*disclaimer* I work for one of the largest privately owned companies in the world.
Read 15 tweets

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