Bitcoin Market - Tanzania

20/12/2023

20/12/2023

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People are becoming reluctant to spend their Bitcoin as its value consistently rises. However, merchants are adapting by offering discounts for transactions made with Bitcoin. This shift in behavior is driving increased demand for Bitcoin as a medium of exchange.

Merchants prefer receiving an asset that can be securely stored in a vault, rather than having to be exchanged for something like a stock or real-estate, saving them time and money while ensuring the preservation of their wealth.

The scarcity of Bitcoin prompts individuals to weigh the opportunity costs before spending. In contrast, spending dollars doesn't entail the same consideration, as dollars are abundant and known to lose value over time. On a Bitcoin standard, individuals are likely to prioritize purchases that truly bring them value, such as higher-quality foods and family vacations, rather than spending on things with diminishing value.

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12/12/2023

Money is a technology created to solve the problem of coincidence of wants. You exchange your labor for money, which in turn represents your contributions to society. The money you choose to store value is the technology you choose to value your life. Choose wisely!

28/11/2023

I post about Bitcoin because I genuinely believe in it and the positive impact it can have on your life (yes, YOU, the person reading this).

07/03/2023

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05/08/2021

A massive buy and must-have in your portfolio