Aggressive Investment is not only putting all your funds in bitcoin without having reserved and emergency funds, sometimes investing %80 of your funds in bitcoin without considering the level of your discretionary and emergency funds can as well be seen as aggressive or over doing.
If you put 80% of your discretionary income into your investment is considered aggressive and I would say it is unwise. Because in such a way you can't have any emergency fund or reserve fund there will be nothing left to cover monthly expenses unless the level of income is high. For example, for an income of 300k to 500k putting 80% will be a risk but not as much as someone who earns 30k to 100k monthly he cannot survive with 20% which is very small to take care of oneself talk more having reserve and emergency fund. People earning 1 million and above can surely out 80% for investment as the remaining 20% is 200k and could be enough to cater for his expenses. After making an emergency fund up to 3-6 months the investor can go into aggressive accumulation just as you have stated without being considered too careless or unwise. During the dips like the one we are experiencing right now, investor who has set up his emergency fund can accumulate aggressively knowing fully well that he is covered even though he might not be adding to any other saving for the month, besides emergency funds should be up to 3 months of your monthly salary which means you can go extra 2 months, and start to refill your emergency funds after which you have finished accumulating aggressively. |
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Yeah of course Casinos has really improve there features now whereas making card deposit and withdrawal available for people to easily deposit or withdraw their funds, however I like the idea because in as much as most people are very conversant with cryptocurrency but their are people who doesn't understand it very well in terms of depositing through cryptocurrency so it will become very difficult for them and could reduce the inflow of people into the Casino but however by enabling the card deposit and withdrawal it becomes very easy for someone who doesn't really understand cryptocurrency to easily deposit and gamble because they no that they can easily withdraw their wining directly to there account without stress.
You're on point mate, we have several casinos who only accept fiat or cryptocurrency, but having both options is rear and it will give them and edge over other casinos. The fact that one could make a choice of deposit and goes on with it without stress is really relieving. It's obvious crypto has been introduced to make life much more easier and transactions secure and faster but not everyone accepts cryptocurrency but gambling in such site where crypto is also accept might trigger such persons to give it a try some day. If spinarium adds more features like swapping between coins and fiat currencies, I bet that they'll do great. In the line of business creativity is very important as there are several users with different perspective and satisfaction. |
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Inasmuch as Bitcoin don stay Tay for the world, we no fit overlook the fact say it's still relatively a new technology, compared to other technologies that have been and still in existence, and it'll still take several years for Bitcoin to gain mass adoption, although millions of people around the globe are actively involved in the cryptocurrency business, but compared to the overall population of the world, you'l go know say plenty people never even dey involved for Bitcoin, that is to say that bitcoin still need more time to reach that level of mass adoption wey traditional banking systems don attain.
So when time reach wey Bitcoin go gain such popularity for this world, both old folks them go follow use am too, but for now, the thing go too dey complex for them, even when you explain am for them, them fit talk say na scam self.
Not too go far, ma bro. Currently like this many of our old men for house still dey tell us say one day this tin fit crash come latter be scam, say make we mind the amount wey we put inside. No matter how hard we try to explain dem no dey gree, but if to say our government don legalize am to the extent wey we dey use am for our daily transactions sef e for make plenty person believe say Bitcoin no be scam and that go increase the amount of investors for this network. I no know why many of the governments dem no wan free learn from EL Salvador. You can imagine the growth and success wey Bitcoin don carry out for El Salvador body since when dem accept am as legal tender, but yet government go dey think say Na Bitcoin wan fall Thier economy. |
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interesting, however, basic knowledge about securing personal wallets, especially bitcoin wallets, is something that must be prioritized, just imagine when you start to have some bitcoins in your wallet but you can't secure them then it is certain that one day the bitcoin assets you own will be stolen or lost due to accident
Yeah, security is very important in this network. As enthusiast we must learn to keep and store our seed phrase well because scammers or hackers don't have pity or show Remorse for anyone they scam. In Bitcoin investment the most important data you have is your mnemonic seed and if anything probably happen to your mnemonic seed, all your holdings are gone, meaning you spent all th Se years and effort all in vain.buying a water proof safe shouldn't be a problem for those who wishes to secure their funds. Though most persons improvise by using other storage medium to keep their seed phrase safe but, if your seed phrase gets licked online you should consider moving all your Bitcoin to a new address and save your seed phrase manually. |
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Bitcoin can only reduce crime rate in the society for the ones who knows how to read and write because someone who don't go to school can't just wake up one morning and start talking about Bitcoin. The important thing is anything that has positive also have negative... Bitcoin can reduce crime and can not also reduce crime.
Though you correct sha, as people need education to be able to understand and thrive in crypto but I just wan ask you weda, people wey no go school, no dey use bank? For our country both the educated and uneducated persons dey fit use phone, sometime our mama dem go call is to help dem dail person number or save number wey dem fit dey call. And small small dem fit do am by them selves. But talking about Bitcoin even if then no fit make trades and transactions by themselves dem fit call one of their trusted children to help dem dey make transactions. Majority of persons in this world are getting digitalized but the few wey no fit meet up, no problem, because no matter how people adopt reach, no be everybody go fit hold Bitcoin, some by choice while others Na by restriction. |
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On the other hand, whatever the outcome will be, as long as you have agreed with yourself from the start that whatever the outcome will be, you will accept it, so even if, for example, in the last game you lost, it still won't be too much of a problem, even if, for example, previously you won and the amount The win is lost again in the last game because your luck has run out. This means that the main thing that must be prioritized is self-acceptance of various situations and conditions, especially defeat.
I can't tell for sure your intentions towards gambling, but I prefer to make my cash outs when I'm given the opportunity with a worthy profit upto %50 or more, and after I have cashed out I'll use some of the profit I got to make a rebet on the remaining matches, rather than loosing the entire stake. The possibility of winning a bet cannot be determined except luck Favours you and we need to have this at the back of our minds and gamble with what we can afford to loose and not be greedy when we have the chance to take profit. Though most person also would exercise patient until the entire games finishes and what ever the outcome is they'll accept but that's too risky for me to take in. |
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I advised a friend to close a gamble a few months ago instead of waiting for the outcome of the remaining match, and thankfully he agreed and closed it. Fortunately for him, the last match became negative, that's how he would have lost the whole money initially made including his wagered amount. For this, I say we should continue to follow our instincts but most important be managerial conscious in situations like this.
Considering the topic of this thread and your above post, I'll say that, exercising patient on cases of cash out is not necessary. I've done lots of cash out in sport betting that the remaining games latter ending resulting to loss, though there are sometimes where the entire games in the bet all resulted to won but I have already cashed out. I might blame myself at first for cashing out when I could exercise a little bit of patient but, when next I encounter thesame instance I also cash out  . The fact that the money I put in might have doubled or even increase to a valuable profit. I just hit the cash out Botton. I know of few folks who lost millions because they were too greedy and confident of the last game. |
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Op you are welcome to the forum, this is a wonderful place were you'll be able to receive guide and learn so much from experience crypto enthusiast. I urge you to continue reading and learning because it's the only way to excel in your holding or trading journey. As a beginner I don't recommend you go into trading first, you can start up your investment by accumulating Bitcoin and learn from it so you can understand the basics of cryptocurrency. Here are few materials that can help you further your learning: https://learnmeabitcoin.com/ Mastering Bitcoin Anything you don't understand from your research you can ask questions And we'll be here to give a an answer to aid better understanding. |
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The advice I do give to newbies is that, they should stick to Bitcoin before trying to trade or investment in another cryptocurrency, because they'll eventually loss their funds when they don't have the . basic knowledge of investment especially in a reputable coin first. And when creating a seed phrase, always ensure to manually back up your phrase so you don't save it online where it's vulnerable for hackers to manipulate. The best way to save your seed phrase is either save it in a hardware wallet or save it in a piece of paper and store it in a safe.
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Op you get very good and valid point, Bitcoin Na the saviour to all those kind conditions. This Na one of the reasons why Bitcoin an better invention, any small thing you go hear say bank no get network and all of that. Though is war start the price of Bitcoin go drop due to the bad new but yet Bitcoin is the best alternative for transaction for those kind times. One thing wey you supposed to consider also Na your seed phrase, war Na even wey dey cause destructive disaster and e fit affect your seed phrase or your device wey your wallet dey inside. But e still better pass to keep all your money for bank.
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Indeed, that's a common reaction when you are not ready with your expectation, I mean when you gamble and you are not willing to lose your money the chance that you will keep adding more just to try recovering your money, and that's how you increase your apetite for the game and the end point will be a possible addiction if you won't be able to resist.
Better to have that limitation and accept your fate whatever the outcome to avoid losing a lot and lead you into addiction.
One thing gamblers should be aware of is that, the will to win or loss is not in their hands, they can decide to chase after their loses all they want but if they aren't luck, they are still bound to experience loses. Gamble is an interesting game to them that have good financial management skills. You cannot be chasing after loses when you know that luck is the only guarantee that you'll be working out of the casino with profit, in fact, majority of the time we gamble, we experience loses more and yet we still come back to gamble again why is that so? When you have good financial management and your discipline, it would be help you avoid getting played on or g5or irresponsible gambling strategy |
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For the beginner investing for long term period is the best way to invest in bitcoin behind lack knowledge about bitcoin and still do not know more about any aspect make bitcoin will drop or pump.
During learn more about bitcoin for beginner invest as long term way become most effective how to earn profitable in bitcoin than becoming daily trading with difficulty how to manage market price condition.
But all beginner have huge ambition when investing in bitcoin want to earn faster profitable with large amount, its too difficult dreaming how possibility still beginner and want to earn much profitable when investing in bitcoin but has short term moment.
a huge ambition no doubt but some of them with little experience or strategy to go about it, sometimes many people feel they can just go all out in the crypto market and purchase any coins with their mentality already fixed on the fact that crypto is like a short cut to making huge profits and thats totally a wrong view especially for a newbie in the space. Trading isn't the best option for a newbie who is just gaining basic knowledge of cryptocurrency. They should try to focus more on holding and at the same time studying the market to know how the charts are being read and some crypto terminologies to improve their vocabulary also. One of the major mistakes I hear newbies make is searching for an online group, page, video or depending on someone for crypto signals. As crypto enthusiast we should learn to stay self motivated and dependent on ourselves and that why more of research and study is needed to thrive in this line of field. Some of those influencer were paid to make ads on these newly launched project and if you fall for their tricks you are on your own. |
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True, everyday we learn and this is a good update. But it still seem a bit impossible because I have underestimated the computing power of programmers/hackers. I believe there are more of hackers in crypto than any other fields because the frequent occurrence of such news and stories is becoming too alarming and the only way to protect ourselves is to learn their tricks and take precautionary measure to avoid them. I feel pity for the person than got his coins stolen by just responding to update that popped up on his phone. I think one of the best way to also save our assets is to use an air gapped device to save our wallets I wouldn't advice anyone to save his electrum wallet in his mobile phone that he carries around. But you can do that for exchanges since we only use them when we want to make exchange. This is an important lesson that we should learn from and make adjustments to our anonymity and security.
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Patience is a critical skill that can make you stand out from the crowd as this means you can quit anytime even in the heat of the rage after having lost a lot of money.People who do not have patience will most likely continue to play leading to more lost money by chasing the loses.In this context patience can help a lot the people who have such determination to stop,determination that comes only from having a great amount of patience,it helps these people not go in ruin or go in gambling addiction,so yes patience helps a lot for real for the people who are strong enough to have it and apply it when needed.
As gamblers, patient is very important to be exercised as it will help you think critically and make good decisions. Aside gambling, patient is very important in our lives. Before making any critical life decision, take time to think about the merit and demerit of the outcome from the decision you're about to make. Before making gambling decision it's important to plan and strategize so you won't easily fall for addiction trick by gambling excessively. Greed is one of the reason why most gamblers are not being patient, the urge to get back at the casino in chasing your loss will definitely make the gambler Impatient. |
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as you said, they can search for it online without our knowledge or with us allowing it without any restrictions, of course that allows them to get to know and do it, so I think it's better to tell them first when they already have outside relationships.
I second this idea as well. Children of nowadays are very curious and can easily learn things even on their own. This gambling of a thing is not as bad as people are meant to believe in our society, it's our approach to it that makes it look bad. Children are supposed to be taught about it when they are at right stage to know than we allow them to find out themselves. In one way or another, they might find out about it no matter how keep it secret from them. It would be a disaster if they find out about it outside because they won't know it's consequences. As a parent, there is nothing wrong in educating your children on gambling and it's consequences when you do it too much with reference to how it has destroyed some people's life who did not control themselves while gambling. Some children are very stubborn and might want to try it out even if you paint it black, it's better to tell them the reality about gambling and how responsible gambling can be practiced. You're on point mate. Gambling is not as bad as the society deems it to be, and the only reason they have this conception of gambling being a bad influence to the society is because of the greed expressed by gamblers. Most gamblers would want to gamble more thinking luck can last forever, and they eventually loses everything and if greed still strikes in they can also borrow or sell some valuable properties in chasing their loss. It's important that we teach our children about gambling and give them enough reasons and fact why they shouldn't gamble for any reason. Though when we were still children we were adding gamble to games we play but we didn't know that we were actually gambling, our parents try to stop us from playing those games but all we could see was just having fun as children, though no monetary value was added but you can sell off your wins to a salon store and use the money to buy chocolate sweet. It was fun but little did we know that we were actually gambling and that also gave me an hedge to understand gambling better. If your children out of curiosity finds their way out and get exposed gambling by their peers, they will keep it from you and that could be disastrous. |
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Maybe by write his lose or wins in the file can explain him about how much money he already used to playing gambling. That file can also helps him to calculate how much lose and wins he already got so he can start to reduce his money to prevents the big lose.
He must accepts his lose and not trying to gets his lost money by keeps playing gambling more than usual. He will not have a big chance to gets his money back instead will lose more money. But some people will not wants to write their gambling activity in a file because they thinks that's not important. I also not makes a file to record my gambling activity because I don't playing gambling too often and only use small money. If we only use gambling for have fun and only playing gambling occasionally, we don't have to record our gambling activity.
If you're a responsible gambler there is no need for recording your gambling activities because you're only having fun. And if you actually want to check your gambling activities you also don't need to record anything down. After all, all casino has their bet history where you can access the data of all your gambling activity in that casino. So there is no point recording his losses in a file, what the op needs is restructure his mind so that he don't exceed his limit gambling and there will be no need to record his gambling activities. When you make small stakes and gamble responsibly, you won't even be interested in checking you bet history because you are still within your risk tolerance zone. |
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No be only YouTube get this kind hype my brother, Twitter and other social media platforms, even crypto influencer on Twitter follow dey into this game, na paid service from the project/team to do that job for them. Na newbies dem dey target wey never know how them be and operate dey mainly fall victim thinking say him dey the right place and choose the best coin. Na foul
I don fall victim for this kind play before when I started crypto, I buy LOFI, a token built on Binance smart chain just because say them appear on cointelegraph crypto news channel, I believe say them get potential and go do well, not knowing na paid service from the project to cointelegraph to hype and bring them to the public. To me all these small small mistakes go teach and build you to be better investor tomorrow.
Na make I dey always advice newbie to always make serious research before they jump and make any hasty decision because they are so many confusing people out there that can lead you to getting involved in something that not going to yield you profit. Sometimes people easily get influence just because of the personality actually telling about that particular project and a case sample is the event that happened with $Davido coins that he made lots of naive Nigerians buy and later dumped the whole project. Some newbie when dem tell dem to go make research dem go enter YouTube dey watch all those motivation speaker wey call dem self crypto enthusiast 😂, dem go whyne you but no panic. And most of those social media influencers wey dey do crypto ads Na pay dem pay dem to over hype the project so that plenty person go buy the project. Na why I no dey even border to watch any of their video, I pre my own research den come forum come here the opinion of others toward the coin den use my perspective take make judgement. Nothing sweet pass when you do your own research say your analysis come dey correct about the project. As crypto enthusiast you suppose dey independent, because Na the only way wey you go take survive for this line of field. |
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Many of us that have been in the crypto market for sometime, we have come across different seasons in the market which can be increase in price and decrease in price. I just hope our interest in the market is not just only anticipating to make profit in the market, but we should be able to learn from the market and observe the market very well. Observing the market gives good knowledge about the crypto market, knowledge that can help one to stay calm even when the market is going down knowing that it will later come up. With the movement of the market investor needs to understand that crypto profit is not what one needs to rely on.
I urge every beginners to take note of every even that has been happening in the market, it will change the wrong mindset of about cryptocurrency and it will also help one to make good plans for every investment. Getting profit shouldn't be all we are waiting for but to also learn from the market events .
Normally as crypto enthusiast wey we be, if you no Sabi analyse the market to know what's next and Wattin the price chart dey do den you still dey for the beginners level, and that stage you no supposed to dey think of to invest for any other project other than Bitcoin because of the risk wey dey inside. If the person wan really go far for crypto holding then e no get any other option than to learn how to read chart, make e for know when coin get potential to increase or dump. Na why plenty traders dey loss be this for this our country so, though many dey try but some person feel say Na to just buy the coin keep Na there e take end, this mindset is an error. |
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Something just came up in my mind and I feel it will be good for me to bring it up here because it can benefit some people to make a better decision or adjust gambling habits.
Do you take record of every game played for the year or month or week, then calculate the number of total games that was won and lose. I feel calculating the total amount of lose can help one to adjust gambling habit of playing frequently and also to reduce the amount of money that is spent on gambling. I think when the amount of lose is too much in gambling it is either affecting one financially or turning one to become addictive to gambling.
Do you think keeping record of gambling activity will play a good role to someone's gambling lifestyle?
Op this is complete waste of time why should a gambler sit down to calculate the amount of game played in a month or year. It's seem as though you are calculating to get back at you loss, because after making your calculations you are likely to arrive at a conclusion that you have lost more than your win, and making such calculation for a year, this might leave you heart broken. I don't gamble much but if I want to I might spend more than an hour depending on how luck hits me with my small stakes. There is no need to access such data when you gamble with small stakes and for fun, except you give room for greed and irresponsible gambling then you should be bordered about how much you have wasted and make Amendments to your addiction. |
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