If some countries decides to lay a ban on bitcoin or restrict bitcoin transactions in thier countries it won't affect bitcoin that much and like you say most big investors will have to battle with thier government about such decisions, and also if a country put a ban on bitcoin it will only make things hard for the crypto users in that country and there will always find a way to make transactions which means going against the rule of their government. The government puts a ban and can't carry out action checking if citizens are really obeying the rules because there don't have access to every one's phone and crypto users will still always find a way to transact which means the ban eventually does not have an effect on them.
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Wow you bought bitcoin at a low price very low compared to the present price which means you have really earned alot profit from holding the bitcoin you bought, for me I will suggest that maybe sell part of your bitcoin and then look for a coin which got a very good potentials which has been really doing well for a long time, buy it and hold along with the bitcoin you got because that new coin will surely fetch much profit than bitcoin since it's still low in prices, bitcoin will surely keep pumping but will fetch you profit depending on how large the amount you hold.
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It's sure and certain that people who hodl are actually the ones making the money and if you must hodl you will need to hold for a long term and try to look away a bit because always checking on the asset won't help it but always make u think nothing is happening or most time you might even get tired of holding or maybe panic and sell when you see a dump on the market, hodlers doesn't check on the asset there hold so often and there are never a panic sellers, it only in futures trade that much concerned and time is needed because if risk management isn't applied a slight movement in the opposite direction might liquidate an account. So if you want to hodl bitcoin you must not be a panic sellers and holding for long term would really beneficial.
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Meeting and discussing about bitcoin is really a nice idea and would actually boost the knowledge most people had about bitcoin, its really unfortunate that due to ignorance alot of people is really having a bad taught about bitcoin, most people thinks bitcoin is a scam or maybe isn't worth investing in. For sure there is really a need for conducting seminars about bitcoin and introducing bitcoin step by step, I think since people are having a wrong taught towards bitcoin there won't really want to hear the part of investing in it so I think it would be better to educate them on how bitcoin works and change the mindset of them thinking bitcoin is scam
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Bitcoin is decentralized in nature which means it can't be controlled, it's true china possesses great amount of bitcoin mining power but that doesn't give them authority over bitcoin, there are many other countries that mine bitcoin and more and more people are gaining interest in bitcoin and so the mining power will be increasing because more people who got the required facilities would like to take part and this will reduce the percentage of mining power from china. Besides if China decides to ban bitcoin and its activities it will only affect bitcoin to some extent and after some time bitcoin will bounce back again.
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Bitcoin really got a bright future take a look back in the previous years and compare it with the present state then you will be amazed at it's achievement, alot of big investors, companies and financial institutions has joined the race, more people are getting to know about bitcoin and its benefits thereby investing in it, bitcoin price will continue going up as far as investors keeps coming in for sure there might be a correction in the market which might make panic sellers rush and sell at loose and there will always be investors who are always ready to buy the deep. No matter the dump bitcoin will still rise again its just a matter of time and patience.
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Bitcoin has really proven to be better than gold is so many aspects, just imagine investing in gold for over 3years and investing in bitcoin for three years and see which will yield a bigger and better income of course it's bitcoin, gold is centralized and also the government is in control of gold which means there can even place some kind of restrictions to gold owners thereby making them not been able to be in full control of thier own assets but take a look at bitcoin which is decentralized, gives us full control of our asset. Bitcoin is much more better than gold in so Many ways
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Stop loss really helps in cutting loses when there is a massive dump in the market, stop loss is really essential if a trader isn't active to watch the trade closely, if a trader enters a trade the sets his stop loss and Maybe gets busy with something else then the market moves in the opposite direction and gets to his stop loss point immediately the stop loss will eventually cut the loss and close the trade. But it's better not to use stop loss if you are active and also got enough equity, most time when prices hits our stop loss after a little dump then a massive pump will occur, so its better if you got equity then no need for stop loss and also know the coin you trade with, make sure to trade with coin with good potentials.
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For sure there are many crypto trading groups with good signals and most times their calls move as there predicted but at same time there are still trading groups which aren't good enough and also there are scam groups as well too, so at first I would suggest u make inquiries from Maybe the group members to know how well the group has been fairing and not only that if you don't trust the signal group that well try not to use huge capital to trade, try with little capitals to test run their signals, tho no one can actually predict the price movement perfectly but some good analysts can actually predict the price movement to some certain point and it favours them, so what am saying is before taking the signals for trade be sure the source is a reliable one which has good records and also apply risk management.
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Like it's always said that knowledge is power, someone who has no experience in trading but has gotten enough knowledge about trading can actually kick start and make out profit, with no knowledge the experience has no effect because same thing will keep occurring because of ignorance, trading with no knowledge can actually lead to loss because lack of knowledge will eventual make a trader not know when to enter and when to leave tho a trade might trade based on luck and the recent experience he had but it might not always go at his direction most times the reverse might happen and cause him alot
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It's obvious that crypto does more good to a country there is actually little or no negative effect, it's just so bad that bank and government sees crypto as a treat, banks are afraid of crypto taking away their customers because crypto services seems to be more preferred and even save users some stress there get from banks services while government dislikes crypto because there can't get full control of it and also find It difficult on laying taxes on crypto users not only that most rich people in government are just too jealous when there see the young ones making it big from crypto, their crave to be superior makes them hates crypto because it can't make anybody rich within a certain period of time.
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Well there both have their differences and usefulness, it's certain that we can't buy most of our daily needs using bitcoin why? Because not every one accepts bitcoin as payment instead people see bitcoin as an asset which will yield profit if it's been invested on tho bitcoin solves some problems which humans are having with fiat currency and banking systems, using bitcoin it saves us the stress of always going to bank and also gives us full control of our money, there are actually much more problems we have with fiat which bitcoin can actually solve but at same time we really need the fiat currency. So presently now there is no point comparing the two because making transactions we use the both.
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This is good news but the fact is the Central Bank of Nigeria couldn't really stop the transaction of bitcoin or any other cryptocurrencies in its County, what there did was restricting crypto users from making crypto transactions with their bank account but unfortunately for CBN crypto users was still making transactions through P2P which eventually means their ban really had no effect because it didn't changed anything. Well it's a good news at least Nigerian citizens can now make transactions with their bank account and even purchase crypto with their debit cards it's a good news for Nigerian citizens.
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Cryptocurrencies has really been of help to the Nigerian citizens, in the country there is lack of job opportunities for most citizens and crypto had made most of them self employed making them more richer than even the ones working in companies, there involvement of Nigerian citizens in crypto has made the country to be among the top countries which trade cryptocurrencies. If the government really cares about the citizens and the well being of thier Country then there should uplift the ban CBN place on crypto related activities because that's where most of the citizens survives from.
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Bitcoin adoption is something which has been happening for a while now, many people are getting to know about bitcoin and its usefulness and these is making bitcoin get more adoption, the demand of bitcoin will keep increasing because more and more people will always see the need to invest and most big companies will accept bitcoin as payments because there know the value of it and what there stand to achieve from holding bitcoin. It's sure and certain that bitcoin is an asset so people will always wants to invest in it.
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For me I think investing in bitcoin isn't that risky like most altcoins when bitcoin prices hits a new all time high and starts retracing in prices its deep isn't that deep and would surely bounce back, while for some altcoins after hitting a new Ath prices start dumping and will keep going down and coming up again would become very hard because alot of people has dump huge amounts of the coins, this mostly happens to coin with low liquidity . There are people who will always buy bitcoin regardless of the price because there believe bitcoin will always keep pushing higher
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Well for long term holders and strong hands investing in bitcoin is never late, remember when bitcoin hit $20k people who didn't buy earlier refused to buy and said it has reached its peak after a while bitcoin hits $30k and Keeps moving till it hits $60k tho it has retraced a bit and soon expect more pump, big investors and companies never sees bitcoin being too late to invest because there are looking foward to the future and not the present. Everyday people gets to know about bitcoin and its popularity is going worldwide which means more investors will keep coming in, this will make the population and popularity of bitcoin to keep increasing pushing its price to new Alth.
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This is great and a big movement, you know if schools start teaching student about bitcoin, crypto and blockchain it will actually add more values to student lives because once there acquire knowledge about crypto, blockchain and the origin of bitcoin there will also get to know the benefits and also will want to pertake therefore this will actually make most students to be independent because there are many opportunities connected to crypto which can fetch them good income in return. In some countries most graduates hardly find jobs due to lack of job opportunities and there are left with no choice but to switch and start doing mini or labor job but for a student who got knowledge about crypto and blockchain won't get affected by lack of job opportunities because there will surely make out good income from crypto and would be self employed.
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Almost every crypto exchanges got thier own token , most of them are really worth investing on, it's certain that the progress of the exchange token depends on the welfare of the exchange. Most times this Exchange tokens doesn't have any usefulness tho some big exchanges makes their token more uselful in their exchange by adding some nice features which will make the token appears very useful, just like binance which got a staking launch pad where participants can only pertake by staking BNB and also there are certain fees which are reduce when transacting with BNB and if we take a close look we could see BNB has really been doing very fine so its certain that exchange tokens progress depends on the success of the exchange.
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Trading and investing in crypto are really very profitable, investment in crypto isn't that much complicated and doesn't require skills or high knowledge to earn all you do is buy the deep and sell at the top, invest and hold for a long term but must be a potential coin which got a good back up, while in trading you need knowledge and skills to earn from it, you actually need to learn technical analysis so you can be able to read candle sticks. In trading you need to be available to check on your trades and know when to take a required action but in investment you just buy and let it flow.
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