Actually I think investing in newly project is Worth it but it depends on the kind of project you participate because most of the newly project are mostly created by scammers. I prefer to investing in old project than new project because old project have been there for some years, by then people most have conduct a deep research about it and also make review about the old project, but for new project is going to take you a lot of time before you will know how reliable the project is.
Exactly,new projects are legit but few,those investors that invest on new projects take huge risks because most new projects are invented by scammers, personally I avoid all it takes to be vulnerable to scam(new projects) so I invest on what I know like Bitcoin,I know quite well that no matter how long the dip may take I still have the believe that the price will pump in the future.
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If the coins in your portfolio are not giving you the profits your expecting then you can diversify your portfolio to other coins that are less volatile that can give you your expected profits.The whole thing with altcoins is you can hardly predict new projects because most of these new altcoins were developed by scammers,so when you see continuous decline in price than you expected it simply means maybe the project has crashed or the developer has taken the money of those who invested,that it why it's good to invest on what you can afford to lose most especially new projects.
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The altcoin season isn't certain that all the altcoins will surge.You just have to choose the right coin that you know quite well that will offer huge returns and hold for the long term.As an investor you ought to have an investing goal and you shouldn't let greed to tarnish your investing goals.In addition,when investing on altcoins to reduce the losses and heartbreak it's best you invest on old coins that surged in the previous altcoin season and not on new coins you barely know.
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Bitcoin halving draw more adopters to invest on Bitcoin and cyptrocurrency,and the thing most early adopters don't know is that after every halving the price isn't affected positively immediately as they think.You don't have to let fear induce you when you know your holding a reputable coins that has the potential of huge returns.Even with the decline in price (Bitcoin) you can still take advantage of the dip to keep accumulating till it gets to the bull moment.
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Sharing stories all depends individually,the way I share my stories both successful and unsuccessful ones is different from yours.The listeners are also different,some listeners would want to hear the success and failure part of Bitcoin investment while some wouldn't want to hear the failure part of a story because it may serve as a form discouragement.Personally if would want to inform a person about Bitcoin investment I will tell the person the ups and downs of the market,the person needs to be informed so that when he/she get involved it won't look strange to the person when the price start declining.When a person is informed on the ups and downs of an investment it's left for the person to make a choice and face the outcome of the reality.
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The decentralized nature of Bitcoin means it's indestructible (it cannot be destroyed). Bitcoin is unique in it's form(Decentralization).Satoshi Nakamoto,I classify him as a best monetary inventor that knew that the government would go against his invention so he had to adopt the monetary policy of Decentralization.The power of Bitcoin being decentralized has some unique attributes (Limited supply, anonymity, accessibility, transparency).If Bitcoin is not a decentralized currency it would have been manipulated/controlled by centralized entities and it would also look like fiat.All thanks to Satoshi that knows the essence of decentralization as a monetary policy.
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For here we don already know why e good to invest in bitcon already but bcos of economy matter, we nor fit invest in bitcon as we want but thank God Airdrop and bounties don dey pay well again. We don see people wey dey cash out welll from them well well especially from the latest one wey be Not coin, people cash out well from m and other recent one like Ice and the others.
My advice be say make we nor dull put for Airdrop matter, do m wen the money come buy bitcon, nor go dey HODL Airdrop coins bcos most times the developers na to make money na concern them and so once the coin don dey listed they go sell wey them still cash out. Just take your cash out tel invest in bitcon so that go fit quickly reach your accumilation goal.
Also remember the risk wey dey Airdrop, use separate wallet for Airdrop, observe well before you do anyone bcos some na waste of time.
Omo the hype on airdrop and bounties choke.I just dey for huz na mah bro call me say you don hear say Notcoin don pay,and na dis same Notcoin wey most people think say na scam, Notcoin don create wave for the crypto space say airdrop na legit but the thing be say the airdrop con plenty like say na sand so with that how person wan take dictate which one be scam or not.Now na Tapswap, people don dey predict say Tapswap go give positive cashout no be small thing oh na tapping levels haha....... nobody wan dey left out.Since we no dey new to the cyptro space wan gat know say the wallet wey our coins wey get potential like bitcoin suppose dey different from these new projects.
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Crypto adoption in Nigeria is far beyond what we can imagine,just like you were surprised when the girl told you her knowledge on cryptocurrency.Our friends, neighbours, relatives are into crypto and most times you won't know if they haven't disclosed anything to you, everyone just have to appear anonymous just like the inventor Satoshi Nakamoto. The regulation of cyptro by the government is working for our good pardon me to say such but that's the truth, lately the government have been regulating popular centralized p2p exchanges and that wasn't enough, currently notifications have been sent to all Fintech users that any user involved in crypto transactions account will be banned and with the notifications I believe it has created awareness to those that came across the word for the first time,so the government may think the regulation would do otherwise but unfortunately it has created awareness and promoted adoption to Nigerians.
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Investment is a choice and not a do or die affair,like how it is said that health is wealth,our health should be our major priority because a sick person cannot enjoy his or her wealth,so what will it look like if your friend invest on shitcoins that is not 100% guaranteed of huge returns,and spends half of his profit on his health status,it absolutely makes no sense,while investing on crypto your health status should mean alot to you.Emergency fund is also essential when investing because it's from the emergency fund you take good care of your health and other expenses.
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With the hype on airdrop I can't assure anybody yet on any in the crypto ecosystem.I haven't heard of LayerZero,new airdrops are just pumping in the crypto ecosystem and it be hard to predict the right one,even the ones that looks so real to be called scam are most likely the scam projects.Lot of persons have earned cool cashout from airdrop and there are new tokens that are yet to be launched so Op you just have to choose wisely.
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There are different means every crypto users take their profit.The motive of making profits in greed is totally wrong.Making and taking profits differ,most investors/trader are looking for small profits with the fear that there's gonna be a decline in price while some are targeting huge profit with the belief that the price will keep increasing in the future,but at times expectations in the crypto space may not work out as planned due to the volatility,so greed shouldn't allow crypto enthusiast to miss out.
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Well, bitcoin is very famous now. Those who know how to use it are likely to accept bitcoin as a means of payment
Some people are already accepting bitcoin as a payment method. There was a time some businesses were accepting bitcoin in my country before the central bank started banning accounts that are linked to crypto transactions. Since then, even people accepting bitcoin as a payment method have stopped so that their accounts won’t be blocked. But the funniest part is that even as the central bank keeps on blocking accounts linked to bitcoin transactions, bitcoin keeps on getting more popularity in my country. I'm sure that with time, the government won’t just have a choice but to adopt bitcoin. Shops online and offline, companies are widely accepting bitcoin as a method of payment.Regulations by government in most countries have made it difficult for businessmen/women to accept bitcoin as a method of payment.My country is one of the top leading countries promoting the Bitcoin and other cryptos transactions but the regulation is strict by the government,it has gotten to an extent that it has been announced that users involved in crypto transactions account will be banned. Bitcoin and crypto method of payment can be explored in countries that are friendly to bitcoin and those countries that have adopted Bitcoin and cyptro transaction but in a country that it's restricted and regulated it seems impossible and unnecessary.
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Nigerian government are always up to amazing and crazy things.What would be the essence of demanding customers social media handles as KYC requirement?it makes no sense,ohh maybe they think it would reduce the rate of scam in Nigeria...... social media handles as KYC requirement is absolute rubbish because most users will still fake their identity online to fill in the gap.Nigerian government should stop all these KYC requirement stuff, that's not the problem of the country currently,even with the whole KYC requirement the rate of scam isn't decreasing so what's the essence.
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Investing in memecoins is like your gambling so it's either you have the chance of winning or losing.First I'll say Op think you're a newbie if your not I guess you've been seeing repeated post that investors should avoid investing on newly projects and if you want to take the risk of investing on newly projects it's best you invest on what you afford to lose.My advice to you is invest on Bitcoin or Ethereum these are reputable coins,you don't know the intention of most developers of memecoins,some are scammers.
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Good day, everyone. Here are my questions - - As a newbie, should I focus solely on Bitcoin, or should I also acquire basic knowledge of altcoins?
As a newbie that you're I will advice you to solely focus on Bitcoin because it's the leading, reputable and trustworthy coin in the crypto space.Bitcoin may take years to give you the returns you desire but trust me you won't regret investing your capital into bitcoin as a matter of fact most altcoins you see in the market cap may dump and never pump again, so it's better you focus on Bitcoin rather than being a vulnerable to scam. - Is Bitcoin gender specific ?(is it meant for a specific gender?)
Both genders can participate in Bitcoin.Being a female doesn't deprives you from participating in Bitcoin,the reason why you think that a specific gender can participate in Bitcoin is because everyone appear anonymous so you can't know any user except the user is using KYC(know your customer/client).
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Am new member. Hope everyone is well. I was very happy to see this beginner help and posted one. I am very interested to know about this forum, so I made an account.
First I say your welcome to Bitcointalk forum,this forum will help you know more on bitcoin and if your knowledgeable on Bitcoin it will also help broaden your knowledge on bitcoin.You just have to feel like your home,read more on Bitcoin on Bitcoin discussion or in your local board,the ones you know you can make contributions you can start as possible.And also as a newbie there are rules on the forum like one of the most discussed rule on the forum is plagiarism (avoid plagiarism) the consequence of plagiarism is ban of an account and also don't use AI.
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Cryptocurrency is even more open than any other currency you could think of.Transactions are stored on the Blockchain network and it cannot be tampered so it make it more easier to trace any form of illicit financial crime like money laundering.There is no room to hide illicit activities on the blockchain network that's one of the advantage we derive from it being transparent. It's best people learn skills instead of indulging in criminal act and stop being the topic on the internet.
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But if anyone aim to be Trader, then he or she shouldn't scared at first. And should continue learning and keep trading with small amounts from beginning.
Exactly if a person's aim is to be a trader there is no essence of being scared, tho we humans we are bound to fear.If a person has the strong desire to be a trader and then he/she is envelope with fear it will create nothing but indecision, it's best you make a move and get things done instead of being scared,no risk no gain.In trading you make a move by acquiring the fundamental and technical analysis of trading and start practicing with what you can afford to lose.
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The major reason why people get into trading is as a result of making profits.Trading is a choice people make,just like you said there other means of earning in the crypto ecosystem e.g mining, investing and airdrop,in the crypto ecosystem crypto enthusiast are aware of all these means of earning but they decide to trade their coin on daily to make quick profits and to add up to their source of income as it wouldn't be nice to rely on only one source of income due to the economic instability in most countries.Trading can be classified as a source of income but on a wise note it wouldn't be nice if a trader rely on trading as an only source of income because the chance of losses and risk is high in trading.
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Newbie traders get involved in trading with what they've heard from other platform that trading isn't hard.Lets call a spade a spade, trading is hard and the chance of losses is more than investing,so when newbie traders think trading isn't hard and skip the process of learning the fundamental and analytic work of trading that's where everything on trading will look so frustrating to them. Newbie traders should be informed that trading is less risky if only they acquire a legit knowledge on trading, with that it will help to ease the chance of losses.
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