I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..

One of my older brothers bought bitcoin with that money, instead of keeping it in the bank, about 6 months ago, the price of bitcoin was 24-25k+, and he bought about 1 BTC. The price of bitcoin has increased to 34K+. In just 6 months, he has made a profit of 9k+ dollars, which would have taken more than 20 years to get from the bank. This means that bitcoin can become a millionaire if people invest in it at the right time. I also bought some bitcoins myself and did it by withdrawing money from the bank. Success is not possible if you do not take risks in life. I know how hard it is to make money and if it is to sweat your head and work day and night, then it is worth it. And we can make a lot of income by buying or trading bitcoin with the right rules. I think bitcoin is a bright future for us.

Till now my parents are bearing the cost of my education, I have recently completed my college education and my parents wish me to complete my graduation by studying in a private university. We have a small cow farm and we have some cows in this farm out of which some months ago my father sold one cow and deposited about one and a half thousand dollars (I said the value in dollars for everyone's understanding) in the bank for my education. It will take about four to five months to get admission in the university. I didn't plan to do anything with the money I saved for my education but recently the price of bitcoin has increased by about 10 thousand dollars and seeing this increase I think that I should invest in bitcoin now instead of leaving the money in the bank for these four to five months. Although I think it's a bit late for me to invest. Maybe I should have invested when Bitcoin was 26 thousand dollars then maybe I could have made a good profit at this point but there is no point in regretting what I didn't do Of course I will think about the present now. I think the price of bitcoin can cross 40 thousand dollars so investing in bitcoin now will not be a wrong decision for me at all.

First of all I am the only person in my area who has a basic understanding of Bitcoin. That is, in the region where I live, no one but me knows about Bitcoin.

The maximum number of friends I hang out with are unemployed. They are not uneducated they are all well educated in their respective positions but due to lack of adequate facilities they are unable to find any employment. When we walk together I talk to them about Bitcoin but they tell me that they have only heard about Bitcoin on various social media and they think that if anyone is involved in Bitcoin, the administration of our country will arrest them. Because it is through this kind of news that they are aware of Bitcoin. But when I tell them that I have a rough understanding of Bitcoin. Then they don't want to believe me when I tell them all about bitcoin they believe me. And I assure them if we all get involved in Bitcoin maybe our unemployment will go away. Because there are enough ways to earn money with Bitcoin.  

Out of all my friends two of my friends have some savings and when I told them about the investment they became very interested in investing but I didn't tell them only the positive aspects of the investment I told them the negative aspects. And I know the rest of my friends would also be interested in learning about Bitcoin but I just don't know how to start teaching them about it. Because bitcoin crypto currency is completely illegal in my country. So how can I help my friends in this regard?  

Hope you guys can give me proper feedback on this and help me move forward in helping them.

Keeping records and history is a very important aspect in the crypto industry, as it helps us know the the event that took place in the past.

So many people, when you suggest investment in the crypto industry, they will tend to make excuses of market volatility and coin performance in 365 days without even doing there own research, what about some years back?

In 2010, one Bitcoin was just $0.20, and buying 5,000 Bitcoin would cost only $1000.
Compare that price as of then to today's price $27k plus,  you would be obviously filthy rich.

I hope that this open the eyes of most newbie's the potential of Bitcoin, if you are already in the Bitcoin market just be happy because this market have a lot more to offer,

The most simple but effective way I use to navigate my way in the market is the DCA method I use, accormulate as much Bitcoin as possible because the bull run will definitely change the history of your finances if you position your self right and wait patiently for the bull run to come .

It's about 185 more days till a 2024 Bitcoin halving.

Bitcoin Block Reward Halving Countdown gives you an estimation and it is not completely correct but you can use its estimated date for the halving. It's not important to know when is a halving date because knowing the halving block is enough.

It will happen at the block 840000.


A chart that breaks down Bitcoin history price to past halving cycles (4-year cycles).
I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.

The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?

Don't exclude that risk and don't use leverage to Long Bitcoin because if you use leverage, open a Long position, you will be forced liquidated in such crash.

Will this time be different when Bitcoin broke $30,000 resistance? Let's see.

That Bitcoin Bull wants to see a big bull run as soon as possible but I don't expect too early bull run this year. He even tried to borrow something in textbook (Bump & Run Reversal Bottom pattern) to convince us that a bull run is very closely to start.
.

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

I have a strong interest in innovation, pushing the limit of what is possible, and perhaps what the future holds. Regarding promoting gender diversity and inclusivity, I would definitely like to see more. I'm quite curious in the projects you come across where the use of cryptocurrencies has broken new grounds and motivated people to think outside the box. Which of the projects you've seen has inspired you the most and helped others to see and think beyond existing limitations?

The cellphone companies have found people's weakness and they are exploiting it. Everyone wants the latest model cellphone, because they want bragging rights or they want to impress other people... but nobody cares.

So, they will fork out the money for one of the most expensive phones... but they will not invest in the best Crypto currency in the world.  So, next year cellphone manufacturers will come out with a new phone and people will fall for that again. 

I am not suppose to say this here but i want forum members to advice and tell me on how I can go with my bitcoin journey as a newbie and become successful in it without losing my bitcoin. My Dad is late and he left us a building which I and my siblings inherited. I rented my own apartment because I stay in a more civilized area. Whenever my tenant pays me my rent, I just keep the money in the bank and sometimes it stays there for more than six months in my account because I have a job that takes care of my responsibilities. This year when I joined this forum, after reading through topics and comments from forum users on bitcoin investment, I said to myself that it will be wise if i give bitcoin investment a trial and see how it will feel like holding a bitcoin.

Last week Monday, I recieved my rent, but guess what I was scared of investing it on bitcoin because I was having so many thoughts in my head telling me to invest and not to invest. I continued with my forum activities and kept on reading, at a point, I got to realize that what will I gain, if I have the knowledge of bitcoin and I don't invest in it to have the experience on using bitcoin and to also have the experience of holding in long term, so that i can talk about bitcoin from experience. This means that it is important for me to buy bitcoin to acquire more knowledge,and this will be an advantage for me  to buy bitcoin now that the price is dip, before it pumps back. Yesterday, I used 60% of the money my tenant paid me to buy bitcoin and I was relieved and happy. I have also created an electrum wallet which I have transfered my coins into, the reason why I chose electrum wallet because it is noncustodial with RBF and Ligthening Network features, which can allow you to double spend,incase the network is congested and your transaction fee is low,since sometimes bitcoin blockchain used to be congested with dust transactions.

I intend to hold by bitcoin for long, because I just started my bitcoin journey and, I know that it isn't going to be an easy one for a newbie like me. I will use 10% of my income to DCA every month, because I also noticed that fiat currency is depreciating due to inflation and that it is better that I save in bitcoin than to keep it in fiat. The moment my bitcoin reaches $1000, I will look on how to transfer my coins to a cold storage wallet for safety. I couldn't keep this to myself and I said let me bring this to the forum for advise from experienced members on precautions I need to take for me to achieve my bitcoin goal target.

If you haven't invested in bitcoin yet, you should try and do so, if you have the resources so that you can feel the vibes that am feeling right now.

Let's discuss.

It's about 185 more days till a 2024 Bitcoin halving.

Bitcoin Block Reward Halving Countdown gives you an estimation and it is not completely correct but you can use its estimated date for the halving. It's not important to know when is a halving date because knowing the halving block is enough.

It will happen at the block 840000.


A chart that breaks down Bitcoin history price to past halving cycles (4-year cycles).
I don't mind about reasons for a next bull run because market will have many 'reasons' to rise during a big bull run with parabolic curve but I quote some idea in the tweet.

The funny idea is "Bitcoin Bears still waiting for $12k". I don't wait for that price but if you knew the March 2020 crash, will $12k be seen in 2024 before a halving with some bad news to shock the market?

Don't exclude that risk and don't use leverage to Long Bitcoin because if you use leverage, open a Long position, you will be forced liquidated in such crash.

Will this time be different when Bitcoin broke $30,000 resistance? Let's see.

That Bitcoin Bull wants to see a big bull run as soon as possible but I don't expect too early bull run this year. He even tried to borrow something in textbook (Bump & Run Reversal Bottom pattern) to convince us that a bull run is very closely to start.
.

Before a 2024 halving, you must make your preparation for it.

Checking your wallet. Do you still have access to your wallet?
Making some wallet backups.
Storing backups safely.
Be ready for a 2024 and 2025 bull run with usable wallets.

If you are a witness in a big bull run but you lose access to your wallets, it's damn terrible.

There are no experience mate you lose  as a beginner to become a stronger trader  so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days "

Altcoin is not a single coin, its a term used for every cryptocurrencies apart from bitcoin so even if 50% of market dominance under bitcoin still there is room for another 50% that is the factor drives the investors to make money apart from bitcoin. Investing on cheap coin can go as complete loss or can give 100x returns in very short term.

anyone here heard about the DingDang Bubble project it is upcoming meme coin i read this project and it looks interesting because they are offering utilities that no other meme coin have also the project and team looks solid and most of the utilities they claim will be live before launch but still i am afraid of losing money because i already lost too much so can some experts read this project and give me a suggestion should i have to ape in this project or not because i missed pepe shiba doge many solid meme coins but i have good feeling against this project. I also share website and whitepaper links
Website: https://dingdang.io/
Whitepaper: https://dingdang.io/whitepaper.pdf

Yes, I agree with you say with the depreciation of our Naira currency, it can create a massive adoption to people who don't want their money to lose value, but I don't think will be of any warning to our government.


Yes, it's true on what you said that as the value of our Naira falls against dollar, so do the price of commodity increases to meet the current status of our money, but at least you stand at better advantage to someone whose fund just kept in fiat.

For example, imagine someone whose salary has been #100,000 month for the past 5years, and a forum member who has been on a signature campaign for same past 5 years and earning $50 consistently, because you will notice that while the salary of a civil servant remains constant from year's to year's, the value for the money for people earning in dollars increases as the value of dollars keeps increasing. (i.e imagine you were earning $100 while the value was #700/$1, that is #70,000) and now that the value has increased to #1140/$1, that will be #114,000). Which is an added advantage, making it possible for you to be able to cope with an increase in the price of commodities in the market.

DCA is good, but there are sometimes that you will leave DCA alone and invest big amount. Let us say that you gave been DCAing since some months ago and the price of bitcoywkthon one week fall to $20000, if you have money that you can use to invest at once, you will not hesitate but invest it immediately becuase you have speculated that bitcoin price may not fall further.

DCA is good when you do not know if the price if bitcoin will not increase or decrease. Or if you do not have enough money to invest at once.

You may invest at once if you think the price of bitcoin is low.

Investors may go for either of the two, it is what the price of bitcoin is at that will determine that.

There is also a time that investing is not good, when bitcoin has increased significantly several times.

I think in the future cryptocurrency will be legalized in all countries and most companies will accept cryptocurrency as payment.Also all banking systems will integrate cryptocurrency transactions.  The future of cryptocurrency is bright and its demand will continue to grow day by day. Bitcoin is expected to become a major part of the global financial system in the future.I am heavily dependent on Bitcoin in the future to fulfill my dreams.

There are a lot of Crypto Signal Providers - about 5 of them are at the top of the list.
They claim 80% accuracy.
I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.

If they do have 80% accuracy, then anyone who uses them would become wealthy in a short time.
Do you use any crypto signals?

Niger State where I come from, one of Nigeria's nineteen northern states and known for its vast landmass, is not isolated from the challenges facing the region.

According to statistics, the unemployment rate in Nigeria is on the rise as shown in the statistical diagram below. The northern part of Nigeria also contribute to the rate of unemployment and a significant lack of skills among young people.


Source

Following the 2023 general elections, Niger State formed a new government with a clear agenda and manifesto to promote and support technology hubs across the state. This commitment was later extended to encompass the financial technology (Fintech) sector.


Source

Since I joined this forum, I have been encouraged to take the knowledge I have gathered over here and in life to my people especially to my younger ones back home having recognized the global adoption of Bitcoin technology, I took the initiative to propose to the state Governor the introduction of Bitcoin technology into our secondary school system as a core entrepreneurship subject.

By introducing Bitcoin technology, it will benefit our students in so many ways. Firstly, it will equips them with essential skills for the future. In an increasingly digital world, understanding cryptocurrencies and blockchain technology is becoming crucial. If the government can implement my initiative of providing this knowledge at the secondary school level, we will empower our students to be more competitive and prepared for the evolving market.

Submission of Proposal Letter and My Visit to the Governor's Office

On September 12, 2023, at around 11 AM, I submitted my letter of proposal to the Governor and with the help of the Chief of Staff and through our cordial relationship, we were invited to meet with the Governor on September 13, 2023.


The images above shows the written proposed letter, when it was submitted and the final acknowledge copy.


The Governor's Commendation

Yesterday being the September 13, 2023, I had the privilege of meeting with the Governor himself. During my meeting with His Excellency, the Governor expressed keen interest in my innovative idea and commended my efforts. He called it a laudable effort that will bring about a monumental technological advancement to the state.

He assured me that he would consider my proposal and pledged to include technological advancements like this in his future policies. As a sign of his support and encouragement, the Governor extended an executive handshake.


Taking Executive handshake with my State Governor

My plan on how to make this a reality should the governor gives a call back for implementation

1. We would organize a retreat with the relevant government and non governmental stakeholders

Aim: To enlighten the governor and other stakeholders on the fundamental knowledge they need to know about the Bitcoin technology.

Process: We will invite Bitcoin experts within and outside the state to attend this retreat programme as panelists as we pick and discuss the relevant topics.

2. Upon the success of the retreat programme, we will organize a Train-the-Trainer bootcamp programme.

Aim: From the independent research  I've been able to gather that there are about 500 secondary schools in Niger state. To get at least 2 teachers per school trained on how the Bitcoin technology operate wherein the secondary school teachers captured to carry out the trade subject across various schools will be trained on the basic knowledge of the Bitcoin technology. This is similar to the CISCO Networking Academy Program implemented in various unity schools.

Process: Invite resource persons to the state to train the trainers who are in turn the teachers that will go into the classes.

These are the plans i have mapped out should the governor gives a call back for implementation. I am open to more suggestions on this forum to commiserates my ideas in actualizing this.

---

In conclusion, my proposal to integrate Bitcoin technology into secondary school education in Niger State has received a positive response from the state government.

I am optimistic that this initiative will not only provide valuable skills to our youth but also contribute to the broader goal of promoting technology and entrepreneurship in our region. As I eagerly await further developments, I remain committed to working towards a brighter and more technologically advanced future for my state and my country at large.

Even though you have never experienced a bull season before, your perspective on the market is very good, completely different from others.  people just cling to history and insist that everything will repeat itself.  People ignore other factors such as the popularity of bitcoin, large companies entering the market, especially the world economic situation...all of which are not the same as history.  therefore, it is difficult to predict what will happen to the market, we should not be too subjective because history does not represent the future.

I can see many people focusing their certainty on Bitcoin pump after the halving, I wasn't here in 2012 halving and that's the only halving period I missed in the past, I noticed that Bitcoin gain momentum some months later after the halving, so if you are thinking that Bitcoin will spike after the halving you are going to be disappointed, all I can say is bear market can be very hard, I believe 2024 will be the hardest part of the bear season where many people will give up.

I am simply emphasizing on what has happened before, and I believe it will happen again, maybe people will get tired of holding, and many will take their losses and move out of the market, the momentum always returns when people don't expect, and that's where big investors will start coming back into crypto, I missed making the biggest gains in 2021 I believe I never made enough and I won't let this change slide again.

If you are smart you will keep DCA into Bitcoin gradually, as we are now in a crossroads where we don't know which way Bitcoin will go next, instead of trying hard to know it's better to be prepared for anything, keep buying Bitcoin as time goes by is the best investment strategy.