Metaphysics is also complicated but that hasn't stopped anyone from delving into it. Bitcoin isn't the only complicated system but the misconception people have about it is that it's a shortcut to riches. That's not true. These ones want to rush in and out and then announce their new status as nouveau richés.

So, why aren't others who think it's a complicated system not taking their time to study it like you did before plunging into it then? The simple reason is because they think it's a shortcut to riches.

However you put it, it still gets down to the fact that the founder's behaviour was a bit snaky. How does one declare they already have a partnership with another person/company when the deal hasn't scaled through if not in their bid to deceive? From your narration, it's obvious that Centra's founder wanted to quickly latch on Visa Card's popularity and wide spread to market Centra and get many unsuspecting investors to wrongly think Visa was on the deal but that backfired. As for Mayweather getting penalized for his role, it didn't change anything because no money was refunded to investors. It was all a planned deal from the beginning.

I love this part. In fact, this should be the hard nut to crack for anyone who goes into business. Sadly, this is the part a great number of people don't even want to contemplate or find out. They want to assume that the path to profiteering should be easy and smooth. For me, the first step is even to think of loss before profit taking. The first thing I ask about any business I'm getting into is the risk and loss aspect before the "mouth watering" ROI which is often the one pushed forward. There's no business without risk, investors should seek the risk and loss out first to avoid unplanned outcome later.

Even a decade from now when Bitcoin will have gained more traction and visibility there are people who will still feel it's a scam. There hasn't been a time the entire world agreed on a particular thing; doing that will of course be boring. Difference in opinion helps raise questions and critical awareness on subject matter. So, I don't think there will ever be a time everyone will look at Bitcoin from the same lens and pass a verdict that it isn't a scam. Basically, I think ignorance of what Bitcoin is and can do is its biggest bane. Though I must add that the scam tag has drastically reduced now than it was pre-2017.

Those who still feel dissatisfaction against Bitcoin for their allegation that it enables scam or in itself is a scam should remember that there was scam centuries before Bitcoin was created and even if Bitcoin should go extinct now, scam will still be there.

I beg to differ on the part I bolded as it doesn't apply to every customer. There are some customers you wish you didn't have because of their irritant behaviour. No matter how hard you try to please these ones, they won't be appeased. Perhaps, OP hasn't met such unpleasant humans. I think that expression is a cliché that rests on idealism rather than reality.

Why would anyone sell below their goods at a loss and still call themselves a business person. OP didn't say sell at a loss but sell at a discount. Selling at a discount doesn't mean selling at a loss. What it simply means is that the business owner decides to lower their profit on the product.

Ignoring them is the best remedy, only the prudent make use of this. Those who salivate over mouthwatering investment are no different from those who scam them because they too are greedy. Otherwise, why would anyone think a random stranger they meet online can make them wealthy overnight because of the type of offer they make them if not that they throw caution to the wind once they hear it has a nice ROI.

I once got deceived into investing in Centra (I hope I got the name right as it happened a long time ago) because Flowd Mayweather was its poster boy, it was the same thing when I also invested in Electroneum (ETN) which a Premier League football coach also promoted. While Centra has since died off, ETN has continued to crash since it was created. In the past, I used to trust influencers and celebrities on whatever projects they supported or advertised but not any more. They're also humans like me and are probe to bad choices too.

Talking about ponzi, the thing is that most people who invest in ponzi projects are often aware of what they're getting into but they hope to get out fast before it crashes. Most people don't have the patience of waiting to reap from their efforts in crypto investment. They want it fast and sharp, the highway pattern but that's not how genuine businesses work. So, they turn to Ponzi schemes. If I know someone is a senior ranked user and they fell prey to ponzi, I don't pity them because they should know better.

Yes, that's the ideal situation but does it always work out that way? The answer is obviously no. OP is a Nigerian and we all know how impatient our compatriots can be once it comes to money. Both buyer and seller will become impatient when the usual Blockchain congestion happens during Bitcoin payment. There's no argument on this. I've had a few of my P2P transactions delayed for over 24hrs before escrow could release my money even when it was obvious at the receiver's end that there was a signalled incoming transaction to their wallet. They waited until deposit was fully confirmed. In a situation like that, will you let the buyer go without complete confirmation; knowing that the payment can be reversed through double spending?

I can't remember how it's properly put but the saying means – we've to wake up to chase our dreams (it's a play on words). There's nothing wrong in dreaming big or imagining it. The problem will be with the approach of fulfilling it. No one dreams and folds their arms to have it come to pass. Of course, every physical manifestation would've its conception in the mind first and that's the dream. Dreams are intangible but what they birth are obvious (and could be felt) for others to see.

Yes, the halving expectations are often fever pitch. We find this influence on price both in pre and post halving situations. A year before halving sees price rallying up and then its crescendo is in the post halving that produces fresh ATHs for every circle.

It's a Deja Vu. We saw this same pattern in 2017 (after halving in 2016) and 2021 (after halving in 2020), expectedly next one will be in 2025 (after halving in 2024). I started with 2017 because that's when I started following Bitcoin happenings.

More exchanges are going to shut down, while many more are going to be established. More cryptos will go extinct while many more will be created. Ups and Downs, Going and Coming. That's the reality and beauty of life. Yes, some people will sadly be caught up in the web of closure of any exchange just like some will also miraculously escape it. There's no fool proof how these things run.

For those who categorically condemn Cexs, I think they should review their condemnation and set it properly. There's no active trader who doesn't leave their cryptos on exchanges. One can't be withdrawing and depositing every now and then as a trader simply because one is adhering to the "Never leave your cryptos on centralized exchanges." It doesn't work that way, realistically.

TikTok used to be a place I dispised a lot because of loose display of near nudity until recently when I started seeing some nice educative contents there. Till date I dare not watch TikTok without my thumb on the flip or skip tab, especially if I'm watching with my kids because you never can tell what obscenity that can turn up. Notably, I'm glad things are beginning to take a better turn and it's good to have more of these educative contents out there for kids (many of them want to learn "this Bitcoin").

Going forward, I think it's also good to have such contents on YouTube and Twitter to further spread them out.

I've got to that point where I don't care so much about governments' attitude towards cryptocurrency because most of them expectedly will want to protect their local currencies against cryptos. China scared me in 2017 with that same attitude. It was my first time witnessing so much bad press against cryptos and it actually did scare me. So many crypto businesses including Binance moved out of China that year because of that. Bitcoin took a beating for that but rose to do an ATH that shook everyone that year. If the US likes, let it become anti-cryptos I don't see it destroying the industry. Of course, it will cause it to dip but certainly it can't cause its end.

From my observation, the price at launch is arbitrary set by the project team during the prelaunch time with various marketing channels like ICOs, IDOs or even IEOs and teams test the waters to see how it goes. The projects become immediately sold out if the price is deemed to be too good for the project. Some times the projects don't get sold out too and it can be from negative assessment of what they tend to bring to the market. I've participated in several launchpads and such reactions are made clear there too.

I feel you on dat. Somehow somehow we nor need to dey wait until things soft because things nor go everly soft for dis life oh. As life don programme be sey "the more money we make the more problems we get." Those small small things wey we fit do fit go a long way in other people's struggling life.

Na dat koko don dey as my avatar text for long oh. Na true principle of life be dat and as dem dey play am, e dey show korokoro.

You do well my guy. E show sey you get sense. Our people sey pikin wey sabi cover im parents shame na pikin wey get sense be dat. I sure sey granny go don pour ororo for your head join too.

No how wey you go take torchlight old woman wrapper wey you nor go see shit there.
Meaning: In life, everyone has their own shortcomings. Sometimes, it's good to look pass these inadequacies.

Nothing lasts forever. It's the same way nothing can be adjudged perfect in all ramifications without one or two slips of bad doing. Sometimes these things happen but they aren't preplanned. If we continue to use the FTX case to adjudge the entire crypto space and Cexs then we're biased because there are cases where certain cryptos over performed but they don't get mentioned.

Except for long term hodlers, otherwise it doesn't make sense to regular traders to keep moving their funds out of exchanges to their wallets for safety measure each time they buy.

I don't think there's any aberration comparing them at all (or any other). In comparing them, one draws out the similarities and difference in them. That can help further enhance interest or abate it. Whichever one it does, at least the participants or those who trade them should know what they're getting into or what they're already into.

Yes, that's true. We also need to mention that the FX market is a regulated one unlike what obtains in cryptos.

Speculating about Bitcoin price for May, it doesn't look like what will favour Bitcoin much because from the monthly candle close on the chart, price seems indecisive. It's a contest between buyers and sellers with wicks both ways. So, I don't expect to see much in price movement to the upside this May. It's more likely that price will end up with what it's now at the end of the month than breaking out of the $30k region and staying above it. I expect price correction more this May.