CRYPTOCURRENCY - LEARN BOX LIVE CHAT



 A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography  to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

Our Learn box live chat contain feedbacks from Key financial Analyst on  whether the market is being manipulated or not and their opinion about the digital currency; 

1.  Mr Bola Kolade:

Learn Box: is the market being manipulated?:

Respond: The market is always manipulated, You can loose money the same way you gain it, but it always pays in the long run.

 has cryptocurrency come to stay?

Respond: : The other day Elon musk announce he bought bitcoin in order to more the market up. People rushed to it and price went up only for he to divest after the price reach it breaking point.

Sadly! In the coming years, it might compete with real currency. China is already looking to creating it own crypto and it workability.

Learn Box: Sir, What effect will it have on Dollar or Pounds, which are the major exchange currency.

Respond: : COVID 19 (which I believe was an instrument by the powerful to cripple world economy and test run the next world order)has shown where the world is moving to - INTERNET OF THINGS..
So whether we like it or not, currency is needed to run IOT. That is where crypto comes in. How it will eventually play out is what I do not know yet.

Possibly. It depend on how they are able to bring crypto under control (they are not bale to do that a the moment though).
USA is still gaining because the dollar is the base currency for the major crypto (BITCOIN).

Learn Box: Yes, that is true sir Crypto still need Currency to function...People buy and sell

Respond: Yes





2.  Mr Charles Manufor:

Learn Box:   is the market being manipulated?:

Respond: Purchasing power mainly, but of recent we are seeing investment as a huge pulling force,
With a prime example of Elon musk's investment in Bitcoin and other crypto currencies and boom the prices goes up significantly.
His company, Tesla also approved for the use of Bitcoin to purchase their cars,. So that in turn affects it's purchasing power.

Now for instance,. Elon wakes up angry and decides to sell all his BTC,. Then boom,. The whole world goes into panic mood and starts selling, thereby pushing the value down,. I pray that never happens though,. So to me,. It's so so artificial, and it's even more scary, it's future is sole dependent on just a few individuals.

Learn Box: In the Long run. It might become a digital currency.

Respond: Yea, It might . Already pulling towards that, But it's so so unpredictable and not stable to be termed a "currency" a currency has to have that "stability" about it,

Learn Box: Last question Mr Charles: What is the meaning of block chain?

Respond: It's a digital ledger to sum it up,  But you can't hack this one or have unauthorized access to it.

Learn Box: That mean Extremely secured?

Respond:  It's like a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions,. It's like your advance ledger,. It's used in crypto world well.  

That's why Yahoo boys use crypto, You can't trace it.

Learn Box:  Some world leader see it as illegal.

Respond: Yes,  It is used to perpetrate so many crimes and for ransom. Why because you can't trace it.
Once it's on the Blockchain: It exchanges hands, the authorities can't hack it or access it

Learn Box: I remember Hushpuppi (Ramon Olorunwa Abbas) and Woodberry (Olalekan Jacob Ponle) case.
they converted there fund to Bitcoin.

Respond:  Yes, Omo  more to come from it.

Learn Box:  woa more to come from it., thanks so much Brother.


3.  Mr Jamiu Fatoyinbo:

Learn Box: is the market being manipulated?

Respond:
The market cannot be manipulated. It can only be control by those that have significant influence.

The major thing that moves the market is trading activities and it happens every seconds.




Thanks for Reading.

by SOWANDE SAMSON OYEDELE













Comments

Post a Comment

Popular posts from this blog

AN INVESTOR

Image
  Investors play a key role in the growth of any economy. Who is an  #investor ? Investors are individuals who spend less than what they earn, and who save their surplus. They can be referred to as  #Savers . savers who invest their money are called Investors. There are three categories of Investors. I. Retail Investor (Individual) 2. High Networth Investor (wealth Individual) 3 Institutional Investor Mr. A needs a sum of #250,000 to start up a small. He approaches his Uncle who works in a company. His uncle is a saver, who saves 65% of his income. If Mr. A's uncle decides to lend him the money. The Uncle can be referred to as a  #RetailInvestor Mrs. B owns a Printing Press company, the company is in need of cash, in order to sustain her Business. Mrs. B approach her Church member Madam Fish, she is a successful and Multimillionaire Fashion Designer with Companies across the 6 geopolitical zones. If Madam Fish decides to invest her money, she can be referred to as...
Read more

Community-led growth: The key to business growth.

Image
By Samson Sowande  ACA ( Author) "Customer is King" is an age-old adage that emphasizes the importance of customers or consumers in all businesses. They are critical stakeholders in the growth of a business and can serve as the best advocate for the business product by sharing their experience with the product with their peers and community. Having a strong community is beneficial to both the customers and the business. What is Community Led Growth - CLG? Community-led growth is a marketing strategy that relies on a supportive community to drive customer acquisition, expansion, and retention. Users of products promote and recommend them to others, which can lead to more customers and create brand awareness. Why Businesses need to build a community Brand loyalty, improved sales, and customer feedback have all become the norm for strong online communities. Here are five reasons why businesses need to invest in community-led growth: Encourages growth: The presence of...
Read more