What I think about the outcome of bitcoin for the remaining of the year, well i don't see any much change from what we have on ground now. Although anything can happen in the space of one month, but all things being equal it'll be business as usual with small fluctuations. I think that the focus should be more on next year, when we'll be sure that halving will happen, and if you put past events after halving, it should give you the answer. ATH followed by massive bull run from the speculations that I'm getting, of course the analyses can turn out wrong, but given the precedence of bitcoin, we should be hopeful of cashing in on investment, anytime during or after next year.

Investments in crypocurrencies are risky, that is a fact that we have to keep in mind, so price pump and dump is to be expected, and it shouldn't be a source of worry to you. No matter how dip that price will be in the bear run, bull run will eventually override it. This is why bitcoin price has been appreciating since it's creation till now.

Economically di best time to buy anything wey you wan resale na wen price de low, so you g fit make double profit, normal profit for current price and additional profit for buying wen price de low. So as e concern  bitcoin, na for bearish run be di best time to de accumulate bitcoin, so wen bear run show face, na to cash in on plenty profit. Although recently i don de reason dat phrase wey say make we invest wetin we fit afford to loose, e de make am be like say bitcoin, no worth to invest with confidence. Anyway di important thing be say make we de invest di percentage of our income wey no go choke our basic needs.

Dem say if you no run walk, if you no walk crawl, so far say you de move. So i applaud your commitment to de comot something from your salary, to de buy bitcoin hold,  you de sow in tears, wen bull run come, you go surely harvest in laughter. So i no see any fear wey de inside am, something wey you buy wen market dip, na to wait for di perfect opportunity to sell wen price skyrocket.

I'm in agreement with what you said, because if OP doesn't have any knowledge about bitcoin, then how did he come to know about holding and accumulating bitcoin. Contrary to what he advised I'd have newbies to learn about bitcoin first, at least have some basic knowledge about it before investing. I didn't have any bitcoin experience when i opened my first wallet, i didn't even know the importance of seed phrase, i thought that they're part of the process to open a new coinomi wallet. I started to accumulate bitcoin inside the wallet, it was when i wanted to sell that I realized that I'd misplaced the passwords, anything that i tried to alternatively use the seed phrase to open the wallet it'd tell me that i should check if i misspelled any word. I got frustrated and just stopped  trying. I still have the wallet, but i might not be able to send bitcoin, ever from it. If I've had a proper knowledge of bitcoin, I'd have known the importance of seed phrase, and not be ignorant about it.

I want to use this opportunity to ask if anybody on this forum that uses coinomi wallet, has had this experience of trying to use seed phrase to send bitcoin, and the wallet is saying that the person should check for me misspelled word? I'm asking because i believe that it's the correct seed phrases that i copied and they're in the correct order.

I've never given a thought before about how bitcoin came to gain so much popularity without advertising it an any electronic means. But this should not really be surprising because I've neither heard of any fiat currency being advertised before. There are some fiat currencies that are not popular because of their low value in foreign exchange, but currencies like the USD, Euro and pounds are very popular because of their high values. I don't think that they've been advertised before, likewise bitcoin, that was created and has attained high value like these recognized fiat currencies. So bitcoin naturally don't need adverts too, since it is also known worldwide. What this valued currencies including bitcoin have in common is that they are used by more than one country.

Because of the decentralized and profitable nature of bitcoin will make it's adoption to be growing very fastin every corner of the world, which is an advertisement on it's own. A good product sells itself and bitcoin is doing just that.

I'm from Nigeria, and I know that groundnut oil and palm oil are abundant in the county, so if a person wants to go into the businesses, they'll be very profitable. But i know that a crop that can grow in one region will not grow in another, so in countries that groundnut can not grow has to rely on importation to be able to process the oil. Another factor to consider is if the business will be lucrative in other countries as it is is Nigeria, because every household in Nigeria, uses palm oil and groundnut oil to cook, also industries use it them as raw materials to manufacture things like soap. In countries that have their own means of cooking oil, investors their might not be interested in the business.

All the same it's a good business opportunity especially for those of us that are from Nigeria, and neighbouring counties. I believe that the investment will be more profitable in our region.

Bitcoin go always be bitcoin as OP talk, because despite di negative things wey people don attribute am to, di currency still de wax stronger, di adoption still de grow and investors and traders still de make profit untop am. So for instance if any major exchange wey de popular like binance come crash, people wey no too de informed about crypto matters go think say na cryptocurrency crash, unto say na crypto matters dem take know di exchange. Even di development sef go bring propaganda wey fit result in bear run wey price of bitcoin go dump, but if dat one happen na still normal thing for bitcoin, because if that season pass  e go became business as usual, as na one event go still happen to change di situation to bull run.

Bitcoin don withstand di test of time, because since im creation despite di volatility wey im carry come, people still de make profit for im investment and trading. Unlike most altcoins wey go come today and vanish tomorrow, and come de give crypt coins bad names.

True to your word, discipline is key to gambling responsibly, because without it there'll be no control to the gambling habitat. Even when you have designed your bankroll management, without discipline to follow it through then it becomes a wasted effort. Because i know that gambling habit is enticing, the more you engage in it, you'll still have the urge to continue, even when common sense and all the self thoughts that you've given yourself is telling you to stop. At that point it's only self discipline that can apply the final brake and guide you to make the right decision.

To be involved in healthy gambling as OP has pointed out, requires discipline too, because without it the gambling becomes unhealthy. Generally i think that gambling should mainly be for having fun, not as a source of income, because of the risk that is involved. So how can a family man with responsibilities rely on a business that is based on luck to take care of his resoinsibilies, that sounds like irresponsible to me. Because if the individual experiences a big lose then what happens to the people that are dependant on him to survive.

Crypto scams are happening everyday, it's only the ones that hits the headlines that we're aware of, it's really that bad that scammers are coming up with new tactics everyday to defraud people of their hard earned money. Imagine how many years that it took for this particular scam in India, to see the limelight,  further imagine if the scammers tracks and identities have been cleverly hidden, then there wouldn't have been any arrests. There is need for people to be more enlightened about cryoto dealings, in order not to fall prey to this wicked predators. I see a lot of WhatsApp and telegram adverts that will entice you with bogus promises of making massive profits in a short time if you invest in some crypto coin. And you'd be surprised that people will actually ignorantly waste their money in this scams, I think that governments should be monitoring these scam adverts and arrest the criminals before they commit their evil deeds.

One time an exchange called Patricia, floated in Nigeria, it wasadvertced on TV to gain trust, and people were using their exchange to facilitate their crypto transactions, all of a sudden the exchange collapsed with people's money in it. I think till date that people have not recovered their investments in the exchange, they came out and gave some assurance, but as far as i know, that was how the matter ended. We wouldn't know whether the intention of the exchange was to accumulate people's funds and go down, a ponzi in disguise.

Even if what I'm about to say will surely sound like a repetition of what most members have already told you on this thread, it's still the fact, because I'm retelling you what they've told you already. For now as a newbie, just focus on increasing your bitcoin knowledge and investment, all you need do is accumulate and hold, in bull run, you sell and make profit, sounds quite simple right, and that is what it is. Only difference is that you'll need to probably hold for a longer time to maybe wait for bear run to pass, then wait again time for the perfect opportunity for you to sell and make profit. Unlike bitcoin trading where you can can make that profit on a shorter term, but as you've already learned from your experience, it comes with it's own risks, of losing your hard earned investment capital, as is in your own case.

I've been in this forum now for a while, and despite the interest for me to venture into bitcoin trading, I always caution my self to still stick to the investment mode, I've however given my self a time frame before trying to trade, and that time has not come, i need to equip myself more about the dynamics of trading before going into it. I'm not in a hurry to take that risk now, despite its reward, because I'm not in a hurry to lose all my money.

I remember when i join dis forum di off topics for our local board no be like dis, infact na more of bitcoin related topics we de enjoy for di board. That time every month wey chairman Igebotz, go update our local board review, di kind comments wey our members de make for the thread na how happy wey dem de say di quality of posts for our board de increase. Plus di SatoPrincess, monthly btc reward for quality post, we im de take encourage upcoming members to de  focus on quality posts for di board. Di btc reward wey i don de privileged to win three different times,

Aldo i reason say we need some off topics  to de spice our bitcoin related discussions for here, so we go fit to digress sometimes discuss other meaningful topics wey we fit to learn something valuable from. But as most of our newbies and even some experienced members come de start off topics wey no fit to add any value for us come tire me. Dat na why i come de happy say our senior ogas dem come do di right thing to caution di new trend.

Las las for dis matter e go make sense if we get sub board for our local board, to de carter for off topics E surprise me say 90% of other local boards get dem own sub boards, and as we de active reach, we no come get any one.

For now bitcoin is the king of all cryptos, but we don't know about tomorrow, because before the emergence of bitcoin, i believe that we only had fiat as the only means of currency payments, and for currency trading purposes we have the forex market, that is also fiat. Then bitcoin came and changed the narrative, by introducing digital currency that is decentralized. So maybe one day a better version of bitcoin, that we have not imagined today, can be created, to put bitcoin in second place or even put it in the level to compete with altcoins. We're just analysing future events that can happen in the crypto space, but unarguably for no was we have said before bitcoin remains the cryptocurrency to beat.

Competition is good for crypto coins, so that developers can go to work on how to unseat bitcoin, it's all about innovation.

In my religion  they say that faith comes by hearing, so it doesn't matter how many times that we hear an important information, it is still very good, because out of sight is out of mind. So it doesn't matter that we hear about keeping our passwords and seed phrase safe and secured every time, the information should be ever green in our memory. One of the essence of holding bitcoin, is to safeguard it in our wallet, and if our the wallet address is lost or compromised, then the bitcoin is at risk of been lost forever or stollen.

The first wallet that I ever opened, which I ignorantly misplaced the piece of paper where I wrote the password that very day without knowing, and the seed phrase that I saw later wasn't complete, I still have the coinomi wallet and the bitcoin inside it, but I can not send it. I only use the bitcoin inside the wallet to see price fluctuations, nothing more. It is a very important and bitter lesson for me anytime that is open it. Now that bitcoin price is pumping, I can only watch it grow without selling it, probably forever.

Does this mean that altcoins exists to complement bitcoin? If it's so then what is their relevance without bitcoin? Because what you said means that it is not good that bitcoin should be alone in the crypto space, that it needs other crypto coins to make it relevant. I think that altcoins are on the own level where the emergence of new coins are limitless, and this makes it quite difficult for all investors to know which one of them to choose from. Because amongst them, some might start out as prospective coins to invest in, but later turn out to be worthless, thereby reducing the trust on them as being generally profitable. Unlike bitcoin that have proven it's worth in the crypto market.

Altcoins are important in there own respect, because you'll have many of them to choose from, i also hear that investors can make huge profit on them on a very short term, also that a coin can become worthless anytime and put it's investors at lose. In that regard i can say that it' more riskier to invest in altcoins than bitcoin.

When I first started learning about bitcoin, and heard about the phrase " invest only what you can afford to loose" i became aware that bitcoin is a very risky asset to invest in. I even likened bitcoin to gambling, because i know that to have a  right mindset to gamble means that you'd need to only bet the amounts of money that you can afford to lose, because of the major factor of gambling which is luck. Now that my knowledge of bitcoin has increased, i know that it has it's risks because of it's volatility, but it goes beyond luck to make profit in bitcoin. You have to understand how it's market supply and demand works, all other determinants of bull and bear runs, so with all this in mind, bitcoin should be an investment that guarantees profitability if the investors have accurate knowledge of the market dynamics.

We're expecting bitcoin halving by next year, after which ATH is expected to follow, and the energy is very high that it'll be a major bull run for investors to cash in heavily. I've even heard in this forum that people should get a second job to earn more in order to buy more bitcoin to hold in expectation of the coming bull run. So the question for me is if we should invest only what we can afford to loose, then what is the need for all the excitement about accumulating enough bitcoin to hold in anticipation of the coming bull run? For me it clearly shows that we're gradually passing the stage of that phrase, because so far as you actually have the correct knowledge of how the bitcoin market works, it's safe to invest more than what you can afford to lose.

A valid question that the OP asked, because it is only bitcoin bull and bear run that most of us know about. From your analysis it is understandable that bitcoin is the pacesetter while other cryptocurencies follows, so in this case altcoins follows bitcoin trends. So i think that bitcoin bull run will trigger the interests for altcoins, where investors  will also want to cash in on other forms of crypto coins. So this can be s sort of bull run also for altcoins, I'm guessing that when it's bearish run for bitcoin, then it'll also affect altcoins negatively. It's just speculations for me, because like the OP I've not  come across where we're expecting bull or bear run for for altcoins, unlike bitcoin that has its pattern.

I believe that there are altcoins out there that can have their own bull and bear seasons, but since my interests are not in altcoin, I wouldn't know much about them. I really think that if there is a sort of regulation for altcoin development, and we don't have plenty of them, then we can understand and predict their seasons better. But crypto is decentralized, so it's easier to mix valuable coins with worthless coins together as altcoins, making it quite difficult for investors to have trust and know their trends.

Your talk carry plenty weight my person, all of dem na wetin we suppose carry for mind as we de expect di coming bull run. Anybody wey de into bitcoin things and e never de prepare for next years halving and ATH wey de follow am, de live under the rock. So na to find money through any legal means to de accumulate bitcoin now before di bull run go come bulldoze plenty profits enter for di investment. Who no get source of income wey sabi bitcoin, make im try get one and Begin de save to buy am, if you get job wey you no fit to save anything, find side hustle join am, because if you know wetin de and come miss out na real shame be dat.

But make we no take because of di expected bull run come give ourselves hypertension, because beta things no de finish, if we no participate for dis one wey de come, oda ones plenty wey go still come in the future. So if di fund de to buy plenty bitcoin to hold, that one de fine, but if e no work out, life goes on. Investments na secondary needs e be, so I advice to meet your primary needs first, before investment.

Yes fiat can not be associated with ponzi, because it is a means of payment for ponzi and any other item or services anywhere in the world. You can not put blame on fiat currency for Inflation, devaluation or mismanagement in any economy, because as I said earlier it is just a means to to exchange goods and services. Blames for any negatives that affects any fiat currency is as a result of other factors that determines it's value, and these factors can be by minting of excessive new currency into an economy that is stagnant, and the excess money released will devalue it's worth, where excess money will be chasing few commodities. Another is when a country so much dependant on other countries for imports of it's goods and services, it's currency will be devaluing while enriching the currency of the exporting country.

I also agree with you that fiat is better invested than holding it in a bank account, where it is not adding any value to the economy. If a lot of money is hoarded and doesn't circulate, it causes artificial scarcity that will cause the prices of goods and services to increase. So in all you can not blame fiat for any inflation in a country.

Personally I've really not put much interest on altcoins, because of the many negatives that are attributed to them. You'd hear people call them shitcoins,, that their used to scam investors and so on, this has really discouraged me to have interest on anything altcoins. But if I were into altcoins I'll consider buying the ones that have the potentials of staying long in the market, i also know that the best and most profitable time to buy anything crypto related is in the bearish run, so I'll take advantage of it and invest what i can afford to loose, because of the risks involved.

Risk is a factor in any investment, but some investments like altcoins carries more risks, so if new altcoins are minted I'd look at the outcomes of similar coins that were minted during bearish markets and see how they fared afterwards, that'll at least be a guide on how to invest in new altcoins. For now I'm just content in bitcoin investment, because it has proven to withstand the test of time.

In agreement too with all that have been said, we get root causes of the naira devaluation, and except say we tackle di problems from di root, na so di naira go just de devalue de go. Intact naira devaluation na di effect of all dis things dem wey una mention so, because e no de gree me comprehend why we be oil producing country, wey even get excess to de export to oda countries, still we de import di finished products wey be fuel. Because our refineries don turn to artifacts for museum, wey im only usefulness na to de view am, instead of am to de refine products optimally. I believe say corruption follow do us for Nigeria, dat na why refineries, power sector, local manufacturing no fit work, because if e work, di corrupt officials dem no go see opportunity embezzle money again.

So if dem kill of minimize corruption in high places for Nigeria, hopefully di naira, go gradually de gain strength again, because if people wey dey for government go make our refineries to work, power sector to work, create enabling environment for investors, encourage local manufacturing and so on,  di economy go de beta.

It's more of greed than risk for most gamblers, because they can imagine that if they can come that far without failing then their luck will lead them all the way to winning the bet. Not remembering that gambling is a game of chance, that the table can turn around at any moment, in an instant winning can turn to lose. Any thing that depends on luck to achieve is not a reliable thing to depend on, because luck can change at anytime whether for good or bad, so it's more reasonable to cash out if given the opportunity to do so.

Taking the risk to continue a game that you have no control over is not advisable, unless the gambler does not care about winning or loosing, but in rare cases, people who care about winning and yet continuer to play after been given the chance to cash out are the real risk takers, because if they lose, they probably have ways of getting over the lose.