Not to burst your bubbles, not everyone who uses Bitcoin is right; if I got what you truly meant there, anyway. I've a friend who has done skeletal transactions using Bitcoin but keeps bickering about Bitcoin in the negative sense. This friend of mine doesn't hodl a single Satoshi. He only transacts with Bitcoin grudgingly whenever he doesn't find an alternative to it. Do we say he's right about Bitcoin? I don't think so.

On the contrary, I think they should continue posting. That way, they will broaden their knowledge by remaining here and reading what others are writing, learn from them and be better at their own posts.

Truth be told, Martingale strategy will end up losing you more money than you bargained for. It's a strategy every noob trader should avoid. Why not just take a maximum of two trades at the same time, depending on one's capital and the lotsize/leverage used. I think one ought to wait till the first trades are in profit before entering more. There's no point chasing the market and trying to force it to obey. The market is king and we should know that losing trades have a way of affecting traders' psychology.

Another trading strategy no newbie should touch is Hedging. You get to find that in FX trading/Binary and now in Futures. It's when a trader is scared on placing a SL and instead opens trade(s) in the opposite direction as to balance their losses. The problem then becomes at what point to exit the winning trade(s) that the losing one won't hit more losses.

On the Risk/Reward thing, I won't take a trade if it's a 1:2. Nah! That's not a good ratio for me. I aim at 1:4 at the minimum.

Identifying reliable coins is the main issue. Otherwise, everyone in cryptos would be rich. There are few who had been lucky to identify some of these alts and most of them who did/do got/get their scoop from insiders who run the projects. It's called insider information.

You just identified some bottlenecks and those stuff make it easy to come to terms that trading isn't for everybody. Whatever has a restriction means there's a reason for that and that's why the restrictions exist. It's not that there exists intentional and tangible restrictions per se but these are things that have proved difficult for everyone to get on boarded. That's what happens with trading. Not everyone has that patience to wait through the period of skill acquisition. Conclusively, from the prism I see it, and as a trader myself, I've come to the irrefutable conclusion that trading isn't for everyone.

Well, that's an assumption but don't be surprised that so many of those early adopters cashed out a long time ago. They couldn't be millionaires. Even those hodling till now would've in one way or the other bought back except for a few who lost their wallet access and later regained it when Bitcoin gained value.

Anyway, I'm not surprised that a good number of pioneers in this forum aren't here anymore. Possibly, they've moved to other challenges that's less tasking than being here with all its bickerings. You needed to have been here pre–2020 to have witnessed certain boiling point situations. On the issue you raised, you can write on whatever topic and issues that catch your fancy provided you don't invade other users privacy or impugn on their personalities..

Those men wey get dat kain mindset supposed know sey d same thing wey dey for cheap women na so e dey for men too. E get men wey nor get single principle for life and na dem dey go for any type of women wey blink light for dem. We dey see many gigolo out there. Tall, fat, short, slim, far, fair, educated, noneducated, all good for dem as long as those women can afford to pay dem. But the funny thing be sey to get real woman to marry nor dey come cheap. Na wen dis men wey dey talk sey women dey easy wan settle down dem dey find out.

Red flag number one. My brain is wired in such a way that when I hear people say they won't scam me/others, that's when I'm much suspicious there's a scam coming.

Red flag number two. What profit was he talking about? Journalists are paid salaries or wages or commissions, they don't make profit. Possibly, the dude was taking about a profit making venture and not some writing gig as he was portraying earlier.

A journalist with zero knowledge of syntactic structure and punctuation marks 😏. That dude is far from being one.

Don't worry your head over those two. They will sort themselves out at the right time. Act like we don't know that game. We often get to see such stuff like OP's story whenever Bitcoin is in a great shape. Wait till the fever associated with bull run heightens, you will find more sob stories.

I'm making my comment in response to the title, Re: Why is Bitcoin the best asset for investment currently? My emphasis is on the underlined. We can see Bitcoin as a lucrative investment now that things are looking up and it's majorly due to the recent events surrounding it.amd the expectation of halving in about 10 days today. Wait till the bear season sets in and you find Bitcoin unprofitable once again. ATM, Bitcoin is the darling of the people. On the other hand, I think what gives Bitcoin its value isn't that it's decentralized or because it has a limited supply pegged at 21million max. I think it's because of its committed and trusting community. Bitcoin has got massive support from its community; a community that was out to continually advertise it even when the public was doubtful of it, until it gained traction. That community is what has turned the beam on Bitcoin and its value to get others in.

While I think nothing is impossible in this industry with price speculation, I find it hard to think Bitcoin can hit $100k before halving. My expectation of price is around the $80k level. If it goes well above it by then, I will do nothing even if it's going to dip after that. I'm not taking chances this time around until it hits my exit point around $150k. I don't want to sell off and not be able to buy in again. It's too risky playing that game on Bitcoin now. I would rather buy at dip if I've the means than sell off to rebuy. Nah!

Nothing stops the industry from being utility based and at the same time a speculative one. In fact, from all indications this industry has been more of a speculative one than utilitarian if we must follow facts as they're. Investors are coming into this space because of what ROI their capital will afford them within a specified or expected time range. Anyone who tells you they're only in this industry purely for its utility and not for the profit isn't being truthful.

I really don't know and I ain't sure anyone can confidently tell you that but I just wish it lasts forever. I like the excitement memes are causing in this space.

The industry is already doing well with it. Whatever congestion in the Blockchain we see now will subside when the bull season is over.

Why would anyone wait till an alt pumps before investing in it, in the first place? The great idea behind investment is to get in before others begin to notice a project and that's akin to what Mr Buffet believes. I like that principle of his. Let me rephrase it – Buy when others are scared and sell when they become greedy. It's like what's happening within Ton chain at the moment. A few months ago, Toncoin was begging to be picked up. Right now, there's much noise in its direction and price has stated moving up. Toncoin is >$6 as I type this.

Anyway, back to your question. The alt I won't buy no matter what events are hyping it is XRP. My reason being that with so much hype behind it in the past and even now, it still hasn't lived up to expectation. I hate time wasters.

I can't even view the thread. I guess it has either been deleted or it's in a board that I've on my ignore list. Well, from the topic on it; anyone who will fall for such is also a greedy person themselves. If anyone will be careful not to rush to reap where they didn't sow, it will be extremely difficult for scammers to prey on them. Greed and inordinate ambition is what rope victims in.

The last Bitcoin ATH in the last circle stood above $68k and that happened in 2021. I don't believe the USA election had any hand in that. Like I stated earlier, it's pure coincidence that both events – Halving and the US election – come up the same year every four years. Also, we know that in the past (maybe it will be different this year) new ATHs had always happened a year after halving. If we follow that logic and historical data it means that Bitcoin hasn't seen its new ATH in this circle yet. That a new ATH will come in 2025. It's the expectation. Whether the US election holds or not, it won't prevent Bitcoin attaining it's ATH. Who knows, we may have it also pushed into 2026 as the emergence of institutional presence is changing the dynamics and narratives now.

But of course, he wouldn't give you a concrete answer because he must've lied there. If I were an employer, I wouldn't employ anyone who had Forex Trading on their CV as their extracurricular activity, whether as a hobby or as a side hustle except it's a job that's related to Forex.

My reason being in two folds. One, what will someone with that type of skill be doing in an 8-5 environment? It simply means they're either lying to show off or they've not transcended past that level of mediocrity and haven't a mastery of what they claim they know. Two, they're going to use company's time to indulge their hobby if they're actually trading. You know how it's with trading. They will often want to monitor their trades and that's going to distract them from whatever their paid job description is all about.

Of all the suggestions you listed, thay in quote should be first among them. You don't settle an emotional problem with emotion. You come intentional with facts to confront reality. This is what happens when profitable traders have losing streaks and decide to stay away from trades just so they can go back and analyse every step that earned them money and those steps that lost them money. Sadly, amateur traders and trader–wannabes find this simple fact incomprehensible. They want to be seen trading always to be able to adorn that garb of that they're trading. Wrong mindset.

Nah! All that won't do anything. In fact, it will bring more stress and unhappiness to anyone practicing it. What's the essence of working when you can't feed well? People move from their work place to another so they can be paid better to enable them afford the basic necessities of life. The remedy to the issue at hand should be for one to get another source of income and expand one's frontiers. Limiting or restraining oneself from eating well won't save one any more. It will endanger one's health, if anything. Get extra digs. That's the way to go.

While I believe that whatever people eat or buy with their (own) money shouldn't be judged wasteful, I'm of the opinion that anyone who says let's enjoy today because we don't know what tomorrow holds for us isn't a wise person. Tomorrow can come with its own vicissitudes and anyone without saved up cash may not be able to deal with it. Tomorrow shouldn't be toyed with. That man wasn't a man of wisdom for allegedly making that comment.

We don't know what took him to that joint, it could be wife's nagging at home and he wanted to get his peace of mind. If it was that, I can't judge him harshly. However, if he ordinarily left home to hang out with his friends and to spend heavily on them and then refused to pick or return his wife's call he acted childishly.

What that user said wasn't about ranking. It's about "the number of merits gained" within the period you've been here. I don't think anyone will lampoon anyone for having merits but not being able to rank up. Basically, I too don't believe the dichotomy in ranks is a testament of how knowledgeable anyone is. I even think getting merited is subjective but that doesn't mean a dedicated user can't get more merit than what you've within the period in question. So, don't get all emotional about it. The reason users are dragging you here isn't because of your low merit but because you're teaching something you don't even practice. That's just it.

It's obvious your insights have gained you more backlash that admiration. Was that what it was intended for?

That had already happened and confirmed. Before now, Bitcoin never broke its previous ATH before halving but it happened this year. That goes a long way to show that the dynamics have changed in this industry. I expect it to set another record of breaking its fresh ATH less than two months later. Halving is in April 20, I believe Bitcoin can blow passed 80k before then.

I don't expect anything different from that happening after halving. I'm of the opinion that price will dip as it was in the past. That dip will afford many investors time to buy into Bitcoin while some will be very scared to buy, thinking it's a falling knife situation.

Yes, trading is exciting. In fact, nothing excites like trading. The fact that one can make money from the confines of their homes or anywhere at all should excite anyone. I think people should endeavour to learn how to trade and jettison the 8-5 mentality, if they can. Add FX Trading and Stocks to the mix and you won't find the need to look elsewhere for a source of income.

Always find a way to take partial profit whenever your investment goes into profit. Then convert some to stablecoin and leave for the days of decline to buy the dip. That's how to survive this space.