I think this topic would have been better in Trading discussion....
Nevertheless,  trading can be a very profitable venture if the skill set is mastered.  So, if you are able to develop a winning strategy, keep it up and ensure you are consistent.  Follow your rules and good luck.

Unfortunately, I have not been involved in any of the meme coins that did well. In my days of Ignorance, I have invested into several of those meme coins,  even some with solid marketing and huge hype yet they all failed. My experience is enough to make me conclude that they are not worth it.

I am not disputing the fact that some would have made money from meme coins, I know few that did.... I guess luck played in their favour.


I think 20% to meme coins is way too high for me. Why will I commit 20% of my investment funds to something I don't believe in.... pure low probability gambling. Even though I will not even give it a thought, I think single digit percentage of investment funds should not be bad. After all, it is believed that meme coins can easily give x100 in profits. Assuming you have $10k to invest and you decide to use 5% of that, that will be $500 investment. If you split this into five meme coins and one of them achieves x100, that will be $10k representing a profit of $9,500. This is huge.

Anyone who have been in crypto for a year now will most likely have a share of those scam tokens. I think they have bots that monitor when wallets are dropped in forums,  airdrop website or giveaway threads. If this is not how they get the wallets, then I'm a kind of confused how they get the wallets that they send thousands of transactions at random.

The purpose of these phishing wallets is definitely to steal your funds. Some are even listed in PCS and when you try to sell it, they will gain access to your wallet or drain your BNB as gas fees after you authorise the transaction. 

As the blockchain technology is evolving,  scammers are also upgrading their skills because thieves hide under something genuine to unleash their wisckness. We just have to be careful!

It will be safer if the Facebook page bear the same name as the forum username. In that case, people will know it is from the same person.

The safe thing to do is to add the statement, " as I have posted in my Facebook page before" then add the link if possible. I am saying this from experience in the academic world... the issue of plagiarism is a serious one and it is not taken likely anywhere. Since the consequences here is immediate, it is good to exercise caution so you don't get your account messed up.

I have searched for this before and the best answer I got was that "there's no way of knowing when a private key corresponding to an address was generated. It can be done offline. It can be done years in the past".  So,you can only know when the wallet first receive the first transaction, a response in this article also support this.

I will be keenly waiting to see what others have to say too.

This topic have been discussed in details in several threads, although in the bigger thread. One example of such is This one where several suggestions have been given on how to transfer Bitcoin wealth to heirs and the next generation. Even LoyceV gave a very good and technical perspective in This thread. I suggest you go through both threads so you understand the contribution that have been made so far in this regards.

I don't know if it is necessary to start the discussion all over again in this local board or perhaps we can give Naija twist to it considering our peculiarity. Well, let me see what others have to say.

I think you have to make the correction that Bitcoin always see a new ATH the year after halving. If you Check your data correctly,  you will notice that Bitcoin made new highs in 2013, 2017 and 2021, the next years after the first, second and third halving respectively. Going by that record, selling next year will be a poor decision to make because there are chances that 2025 will see BTC at an ATH. This is my suggestion based on historic data, it can change anyways.


Rather than cause devaluation, the halving will reduce miners reward and this will reduce the quantity of Bitcoin in the hands of those that are willing to sell at any time for a profit. This reduction in supply will invariably lead to imbalance that will push demand up. So halving will surely lead to a rise in price and  not devaluation.

It is so disheartening that people are growing increasingly lazy and unwilling to think and be committed to something worthwhile. They just want to enjoy easy life without putting in any effort. Unknown to many is the fact that what appears to be free on the surface may actually come with huge consequences.  Scammers hide under this guise to get their victims.

I rarely pay attention to them because I understand that they are 99% not worth the time. I realised this when I was actively participating in airdrops.

I don't know why I always have the feeling that most of these hacks are done by the developers of these wallets. I can be wrong but I think there is always an insider in all these as it is easier for the developers to find any loopholes than an outsider.  

If you love your funds, I will advise you stay away from that wallet because this is a very bad signal. One of the ways to avoid regrets is in this digital space is to be sensitive to red flags such as we have seen in atomic wallet.

This rule will likely be broken in the coming bull market. Bitcoin dominance is increasing and many altcoins are failing... this means investors are realizing that most of these altcoins are shitcoins. If this trend continues, the hyped altcoin season may never come even when Bitcoin will be soaring. Ofcourse there will be few of the altcoins that will attempt to following Bitcoin but the number is steadily reducing. FTX is out, Luna is out.... these were solid projects yet failed. Who knows the next!

I know a lot of smart guys including the founders of most of these shitcoins are already converting their bag to Bitcoin as that is the only way to have peace. Anyone hoping to go to the moon with a bag of over-hyped altcoin might actually meet his Waterloo

You don already know say Bitcoin na the koko... I no know wetin you dey find again. Abi you dey find insider information of coin wey go pump like PEPE?

Base on say Naija no dey carry last, plenty smart guys don already dey buy Bitcoin to prepare for the next bull run.

If you wan joy, begin dey buy Bitcoin small small because next bull run go dey massive... no go borrow money o!

This is the secret many people have not known... the moment you have the mindset that you want to make money from gambling and you add some kind of desperation, hell will be let loosed and the cycle of doom will set in. On the other hand, when you are playing for fun and do not desperately need the money, the winning will flow naturally over little efforts. I don't know why gambling work that way, but I am sure it has to do with psychology.

This is risk management in practice. It requires a great deal of courage and discipline to implement but if fully implemented, it will lead to a kind of balanced psychology, peace of mind and better performance. Many people missed it in gambling when they play without setting the targets and calculating their acceptable risk exposure before even getting started.

I am struggling to understand the correlation of the topic to the body of the post. Honestly,I was expecting to read how Bitcoin gives life or is life itself; perhaps I would have been aiming for immortality by accumulating more Bitcoin

All the same, your point is noted as there is a clear distinction between accumulating Bitcoin and gambling. The chances of success for the former is far higher than the later. Besides, there is historic data to support Bitcoin unlike gambling.

Consistently looking at the market sentiment before buying is itself a sign of panic and lack of strategy. When I was not using DCA method, I spend too much time on the chart looking for dips and setting price level alerts. This comes with serious anxiety, pain and consume so much time.

On a second thought, market sentiment can be deceptive sometimes considering how volatile Bitcoin is. The prolonged consolidation should not make us forget so fast that Bitcoin can jumb $2k -$5k within a day; that is how volatile Bitcoin can be. How will someone using market sentiment to make investment decision cope with this level of volatility?

Perhaps, most of the people watching market sentiment are scalpers who are just looking for quick profits.

Chelsea is about to mess my bet up again; I guess I am done playing Chelsea. Even without Gusto's red card, it is looking like Chelsea was prepared to loose this match. At this pace, there are high chances of Chelsea going to relegation for the first time since 1988. I don't know where the problem of Chelsea started but it is increasing appearing that there is no solution in sight.

Aston Villa beating Chelsea in Stamford Bridge is actually the worst of it!

You are lucky to have arrived here before sending them the requested file. Hopefully you have learnt that you would have made a serious mistake sending the data to them. 1BTC is a huge amount of money to loose. I'm glad you shared this here so others can learn.

Thanks for this clue. I have been in this situation before and I actually lost my funds to the scammers. I was just lucky it was not huge amount so it was very easy moving on. There always people out there waiting to take advantage of others and that make it necessary for people to put extra effort in terms of security.

Harry Kane will be better playing for Bayern Munic than Tottenham where he has made so much input yet no results. It actually look strange to me that he has all it takes to play for top team in the world yet stayed in Tottenham that have never shown any consistency both in their league and other competitions. One thing that makes a successful playing is knowing when to move.  Cristiano Ronaldo is a good example of a player than understand when to move as he has demonstrated at the peak of his career. If Harry Kane had continued playing for the Spurs, he might end his career without winning any major trophy.I can say joining Bayern Munic was the best move of his career.

Well in my country, Bitcoin is helping the banking sector make more gains in terms of bank charges from regular transactions. Binance p2p business and other p2p platforms are booming seriously with the volume of these transactions running into millions of dollars monthly. Meanwhile, banks enjoy fair share of this in terms of transfer fees and other charges including value added tax to goes to the government. 

The only threat Bitcoin pose to the banks in my country is that many people now save their funds in Bitcoin and not in the banks because inflation have killed the local currency as well as other previously profitable investment methods such as fixed deposits, treasury bills and bond markets.

Furthermore, restriction on FX by our government further gave Bitcoin edge because people resorted to Bitcoin for their international transactions and as well know,  Bitcoin never fails. Consequently,  even our Bureau De Change cried out that Bitcoin via Binance p2p is killing the country's local currency.

I know say this thing dey very important but e no dey easy to do.  E dey hard to tell your people every of your waka o. As a young bobo, once once you must involve in illegal movements,  how u wan take tell your people say you wan enter Casablanca?

Even as person wey don marry, you gat chill out sometimes make family stress no kill you.... base on that, how e go be to tell wifey say you dey enter some kind illegal place? Abi you wan scatter your family?

Wetin I go advise be say, person suppose get one trusted person wey you go dey relate your illigal movements to wey no go cast you o. Then wifey and family members fit know the normal movements them. Na sense them take dey survive for this life,  meanwhile, my comment na for the guy men them... no be for our Deeper Life members o 

This is very correct and in-line with what I have always maintained here. Gambling is more of psychology than anything because a bad gambling habits destroys every other thing. Someone cannot gamble with his entire savings and expect to win at once because gambling does not lead to a world of eldorado when one jettison risk management and other vital factors. The failure of his father was entirely his fault and not that of gambling.

This is the part that many are missing... gambling requires strategy and courage to follow the strategy without allowing greed to creep in. Some people actually like using small capital to target big wins

It's funny how people forget that there is risk in everything and anything that is not certain is just another form of gambling. It is good he brought this topic here... from the discussion,  others too can learn.