Bernard got called to speak at one of the many forums where young and willing people usually assembled to learn about foreign exchange and how to venture into it, making as few losses as possible and of course maximizing profit through accurate predictions of the candles and knowing a bear market and a bull market.
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He was always talking to a gathering of potentially bloody _ rich young people and in the few years he had had to do the speaking, there had been more positive than negative results.
Bernard often preferred to talk about bull and bear markets, to enlighten young people on the importance of not being a greedy trader, understanding when to close a trade, cash one's earnings and exit, and when to keep on, but when Luke had told him he wanted him to talk about the History of Bitcoin first and then slowly draw the young people into the conversation, he had frowned, knowing how well histories made him sleep. But of course, Luke was the boss in that scenario and he was going to have to do what the boss had paid him to do.
It was no news that he was good at everything he did. A good broker and scalper. When he walked into the hall the next day with his left eye twitching behind his thick glasses in anticipation of the event, he almost turned around to leave. Not because he did not know what to say or how to stay calm by the projector and do his thing, but because he was clearly overwhelmed by the number of young boys and girls below twenty-six and above eighteen (from his estimation) who had filled the hall.
He took in deep breaths, willing to not disappoint himself. When he finally opened his mouth to start talking, the words flowed easily from his depths and well of inexhaustible knowledge of foreign exchange and Bitcoin as a cryptocurrency which he had spent the last three years of his life learning about.
He talked about how Bitcoin was first proposed in a paper that was written by the pseudonymous Satoshi Nakamoto in 2008. He saw the rapt attention on the faces of his listeners as he continued to speak.
He mentioned that the paper outlined the concept of a decentralized digital currency that would use cryptography to secure transactions and create a tamper-proof record of transactions on a public ledger. In January 2009, the first block of the Bitcoin blockchain was mined, and the first bitcoins were created. It marked the start of Bitcoin trading.
In the early days, Bitcoin was mainly traded on forums and message boards, before being listed on exchanges like Mt. Gox and Bitstamp. From there, it has continued to grow and evolve, becoming the world's first decentralized digital currency.
He stated that While Bitcoin was first proposed in a paper by Satoshi Nakamoto, who is thought to be a person or group from Japan, the first real-world Bitcoin transaction took place in the United States. In May 2010, Laszlo Hanyecz, a Florida-based developer, paid 10,000 bitcoins for two pizzas, making it the first recorded purchase of a good or service using the cryptocurrency.
That act grew to become known as Bitcoin Pizza Day and is celebrated by the Bitcoin community every year. Since then, Bitcoin has been used for all kinds of transactions around the world. He took a deep breath and stared across the hall, towards the doorway and then he continued his small lecture,
Starting this time by saying that Bitcoin Cash is one of those cryptocurrencies that many people have heard of but don’t really know what it is. Some members of the audience seemed to agree with him on that. He said that Bitcoin cash (BCH) is still often seen as nothing but Bitcoin’s sidegrade and is only spoken of in the context of discussing Bitcoin forks.
He concluded by reminding his audience that it is hard to decide for anyone willing to dive into cryptocurrency whether it will be a good investment or not.
Everyone had to do their due diligence and invest based on their risk tolerance level. Yet, most tokens have a market cap and solid technical foundation, as well as great potential usability, which can help to keep their price afloat if the market crashes.
Bernard noticed the expression on Luke's face when he reached the last paragraph of his small lecture. But the Truth was going to be told anyway. He was not going to paint it to be an all-profit market with investors never risking to lose their monies at some point in the market. But he was happy that a lot of people have recently started embracing cryptocurrency and they're willing to bet on it. He felt fulfilled. The first phase of the lecture had captivated his audience well enough.
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