Thread by @LiyanaMohtar

Since tengah hype about #Bitcoin these last few months, I've spent some time learning about Bitcoin (BTC) and Cryptocurrency as a whole.

Every time I read something about Bitcoin,
MY MIND IS BLOWNNN🤯
It is INTERESTING AF.

Thread 👇

Bitcoin is a digital currency. It is decentralized. Means that it is not owned by any body. Macam our ringgit Malaysia, it is centralized, our government controls it. Masalah bila duit dikawal oleh bank/gov, anytime they can print more money, which can lead to inflation.

Plus, bila gov/bank kawal duit, bank and gov can easily manipulate the money because they have the power to do so. Bitcoin is invented to be deflationary, perasan tak makin lama day-to-day price makin naik

For example last year nasi lemak RM1, this year jadi RM1.20, that is inflation. Bitcoin dicipta supaya buying power increases over time, macam gold. Sbb tu ada juga use the term "Digital Gold" for Bitcoin.

Dulu zaman nenek/atuk kita, masa dorang muda dorang beli emas, and skrg harga emas 1KG= RM200K. That is the baby boomer era for "simpanan masa hadapan". For us Millennials, it is Bitcoin. Skrg harga 1BTC = RM150K, by tahun 2025 ada predict 1BTC = RM1 Juta

For me, it does makes sense for our generation to have a "safe heaven" in digital currency, we are in fact born zaman internet. It's only right for us to have a currency using the internet, a digital currency.

Harga Bitcoin memang naik turun sebab BTC baru 10 tahun, masih volatile. However, naik turun harga BTC boleh dipredict (more or less) sebab ada Bitcoin halving.

Bitcoin Halving ni berlaku setiap 4 tahun. Boleh tengok graph dekat bawah, lepas halving harga BTC akan peak then akan turun balik. Last halving is on May 2020 sbb tu skrg harga BTC tengah naik and naik tapi anytime boleh turun balik.

Bitcoin direka oleh Satoshi Nakamoto. Takde siapa tahu dia ni siapa. Anonymous. Dia reka Bitcoin Halving supaya nak make sure harga BTC makin lama makin naik. Here's how:

Bitcoin ni boleh dihantar dari A to B without bank, but on the journey from A to B, kena ada "confirmations", which is like a math problem that need to be solve by miners guna PC. Yes they use the word "miner" sbb mcm gold, kena mine gold dulu baru boleh guna

So setiap kali miner dapat solve the math problem, they are being rewarded with BTC. Tapi Satoshi limitkan supply of BTC for 21Million je. Sampai bila bila supply of BTC in the world is 21Million. Tak akan ditambah. Tak macam duit kita skrg, bila bila government boleh print lagi

1st having, miner was rewarded with 25 BTC then 2nd halving dapat 12.5 BTC and so on. Tapi, setiap 10 min, math problem tu lagi susah nak solvekan, sebab to make sure kita tak dapat build a very powerful PC to mine BTC overnight.

The last Bitcoin to be mined is expected to be tahun 2140. That's another 100+ years. So it is truly our era, just like how baby boomer and their gold.

Bitcoin ni drug dealers je guna? If pernah dengar statement ni, actually tak. BTC boleh send/receive without bank account means takde nama each other on the transaction but that doesn't mean it could not be tracked down

Setiap transaction on Bitcoin, akan encrypted dlm Bitcoin itself, it is called "Block-Chain". Setiap Bitcoin ada Block, and setiap Block is connected to each other, hence the name Block Chain. Setiap Block, our transaction is stored there.

So no one can tipu any transaction sebab anyone around the world (with the knowledge) - known as ledger, can see siapa yang hantar and siapa yang receive and no one can edit it sbb is encrypted. Contoh BTC address is like this 👇 Just some long random numbers and alphabets

Paling awesome pasal sending and receiving BTC is that, you can send/receive BTC across the world without kena go through bank and kena exchange fee. And the process happens within minutes je.

Bitcoin as of now, is on the 9th world market capitalization, more and more big companies are accepting Bitcoin. The world has started to accept Bitcoin 🥳

PayPal dah accept Bitcoin, Singapore bank pun dah accept. Dekat US dah banyak ATM machine for Bitcoin.

As for Malaysia, Security Commission Malaysia dah accept Cryptocurrency trading app; Luno .

If belum start invest dalam Crypto, easiest way is to use the Luno app. Trading fee pun rendah

1. Sign up with my invite link
2. Deposit and buy MYR 250 in BTC (Luno exchange not included)
3. We both get MYR 25.00 free BTC

luno.com/invite/5H5ZXP

Masih belum terlambat untuk invest in Bitcoin eventho you see "Bitcoin hits ALL TIME HIGH" news like almost every week, this is because if you believe in Bitcoin like me, I buy now as a long term investment.

Ada yang predict Bitcoin will hit 100K USD in 2021 (now it's 40K USD). Ada yang predict it can go until 300K USD, but as always, high risk high return, based on previous chart, bila hit peak, harga BTC akan continue to turun for about 1year tapi bila next halving akan peak balik

So..if nak selamat, only invest not more than 10% of your total net worth. Unless you understand the risk, you can always invest more.

My strategy is Dollar-Cost-Averaging (DCA), I will buy BTC every month despite the up and downs market price. I'm in for the long term.

If you want to read more on Bitcoin, written by Malaysians, you can refer to
ringgitohringgit.com/investing/faq-… and
mr-stingy.com/why-invest-in-…
@surayaror @mrstingy2014

If you prefer to watch YouTube, you can watch
and
@mrmoneytv3 @themillennialf_

And this is Andrei Jikh explaining "Why Millennials Are About To Become The Richest Generation"

This Ted Talk on Bitcoin was made on 2016 but it is still relevant, must watch

This is on Bitcoin Halving

Ni perkongsian Bitcoin dari Tuan Azizi Ali facebook.com/AziziAliCoach/

If nak study fundamental analysis of the crypto market, boleh visit coingecko.com/en . P/S this website is made by MALAYSIANS! Proudd. @coingecko