S58: Your way out of legacy market/system

09-FEB-2024 || URL: https://twitter.com/i/spaces/1eaKbgelOjkGX

This is Sirflex speaking, Your Host! GM everybody, i officially welcome you today's space.

FIRESIDE CHAT (EP 4)

the opening price of bitcoin today is $47,300.95, with a total trading volume of $39.29Bn

In today's series, I have one poll & one question for you.

// POLL QUESTION
If you have $1,000 right now, what do you wish for? 

a. Naira should further depreciate, so i can cash out more 
b. Naira should appreciate, i will convert my money to Naira
c. Make i chop first

// QUESTION (ENGAGING)

drop one advice, warning, or word for someone starting out with cryptocurrency: 

WHAT IS YOUR WAY OUT OF LEGACY MARKET/SYSTEM

You have had it at the back of your mind, what is legacy market/system, How does it affect me, how can i understand it, what do they do in legacy market, what alternative market do i find myself, what can i do to help my self, can i help my close pals too.

imagine someone who started a retirement plan, or a 9 years savings/investment plan. look at the economy for example. what was dollar 9 years ago? what will be the value of your investment/savings plan in 9 years.

You are bound to have questions run in your mind.

Today, we will dive deep into legacy market, and what you can do to come out of it.

Remember the rules

1. Engage the polls, engage the comment section, and show reactions so we can all have a wonderful experience today.

2. Today's series is sponsored by ADEWALEFLEX,

Icebreaker:

$100 question. What do you think the price of $Bitcoin will be by January 1, 2024.

At the end of today's series, we will have looked at

1. What legacy market really means

2. How we get stucked in it

3. What you can do to get out

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Let's get started!" 💡🚀 #BreakfastWithBlockchain

Let's get started

What is legacy market?

before i get to that, i saw a news while preparing for this series, and it's huge. Naira can now be used for international transfers.

i am compelled to read you a thread i saved for today, on how lebanon loss currency value from a pegged 1,500 pounds/$ to 34,000 pounds/$ all in 2019.

Legacy Market/System is simply the traditional established market or sectors that operate using traditional methods.

we are talking about the school system, the old way of teaching, imagine the curriculum used in schools these days as against evoluting in the education space.

we are talking about transportation system, imagine the old ways of hoping into an along, or the old planes we fly in our country,

we are talking about Judiciary system, importation and exportation sectors, the job and finally the system of govt.

but today, more importantly we are talking about the financial sector, the govt way of handling the economy. what is the way out!!

How did we find ourselves here?

Govt.

What can we do to get out of it?