So my take on having an expensive gadget like a phone!!
Why would anyone buy an iPhone 15 or any good phone, costing above 500k, solely to fit in or want to make everyone feel they are rich? The only time I could agree to buy such an expensive phone is when I want to use it for business or to create content that will give me money because of its high camera quality. Otherwise, I can't buy such costly phones. Some people buy these phones due to peer pressure because their other friends have them and they want to too. I would suggest that, if you do get one, utilize it to create content for social media platforms like Facebook and Instagram until you gather a significant audience and become eligible to earn from it.

I understand that some people enjoy luxurious items, which is perfectly fine if they can afford them with their hard-earned money. My concern is why some people go to great lengths to get these expensive phones solely for the sake of fitting in.

Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.

Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.

I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.

I have won many trades and I've also lost many trades but I have never used a stop-loss for a single time and that has helped me as a trader to improve the areas that needed that improvement. I'm not really against stop-losses but I believe they can cause fear in the mind of a trader and the trader might not take risks if he/she fears about the losses that take place if the trades go wrong.

I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?

Hi everyone,

Bitcoin price is going up, resistances are being converted into supports. I want to share my advice and personal experience with beginners and newbies on this forum and explain what is good for them in the long term. If you are an experienced member/trader, take it lightly.

Alright, Newbie, I will start without wasting your time. Bitcoin Trading will never be profitable in the long term as compared to HODL.
You will never win or become a millionaire if you decide to take leverage, use Future Trading, or even Spot Trading. You can never catch every move perfectly.

If you are new and making a profit, that's called beginner's luck. That doesn't mean shit and no, you do not LEAVE your job to become a full-time trader.
Always collect Bitcoin, Spend at least 20% of your savings on collecting sats.

And once again, Leverage is your biggest enemy. Even 2x leverage is dangerous.
Bitcoin Halving is approaching, I would suggest all of you focus on buying more, avoiding selling, as these prices will never come in the future.


All the best! <3

Seems like you’ve finally figured out that you’ve been wasting your time in the bounty section and that they are lots of information you’re missing out on… but now that you’ve asked let’s start from the basics.

Here’s the rules of the forum you don’t actually need anyone to explain it to you, just take your time and go through it you’ll be able to understand different sections of the forum, type of posts that are accepted in that board, and also make you realise what you’re supposed to avoid to prevent you from getting banned.

Some other threads that I think you should read

• Read before posting
• Everything you need to know about forum 'activity, account ranks and merit

You should navigate round the forum and see if anything piques your interest.

Greetings my gallant fellow Naija people in the local board, 2023 is coming to an end soon and many plans for this year look as if it will not come to pass in the life of hodlers to achieve a huge amount of profits from their investment. I was hoping that the price of BTC will reach $50k before the end of November which remain few days to the end of November but the price is still low in the market and, the way the price was running in the market recently for the price to stop at $38k and, it look like the bull run will not come this year 2023 but it will surely come early next year for those that invested in the bear season to have good opportunity to earn a good profits. Next year will be a good year for me because, I really embraced many opportunities that helped me to buy BTC whenever the price decrease in the market but I know good opportunity will come that will make the price hit above $50k for long hodlers to smile again next year.

Hope you have prepared well for the bull run that is about to show up in the market next year? Or you don't believe that there will not be bull run 2024?, If what I observed in the market few weeks ago is real, I think bull run that will make people to make big money will surely show up next year 2024.

Well I think at this point in time we go dey very careful with the people wey we dey call our friend or bestie because this particular set of people go fit do you waiting no good. Things they happen well well for this world,  some go dey behave like say them care but deep down dey wan cripple you.
Pesin wey you dey eat with for the same plate fit deny you tomorrow  say him/her no sabi or never see you before. Pesin wey you dey show your account balance fit arrange assassin for you and again pesin wey you call bestie or friend fit see something wey dey come your way him block am so make ona dey very careful even with things wey you dey share with them.

The way e dey for we country now,e be like most persons wey no get hope again for life don turn attention to fraud,known as street,and because the thing dey pay,majority of persons wey no been pick interest from the beginning don dey pick interest now.Oibo people don know us say anytin we wan do,we dey doam well.But the most amazing thing about the stuff be say most of those people wey been don almost dey give up on life,and dem later go embrace yahoo as the huzzle,God no shame dem,e come dey like say na dem dey live well pass.
Abeg make una help me put mouth for this matter.
Na d last hope of a common man be that?or e get any other thing wey dem fit do,we go make dem dey alright like the way Yahoo dey do?

I am so elated each time I come into this forum and see thousands of members who are already outside the matrix doing great things and doing everything possible to get the novice and beginners up in the crypto world. I want to put it out here Iro know if possible we can get to know the intending coins that one could invest into against 2024. We need a good crypto analyst of wall street standard.

If ihave 1k how much to use margin for safe trade

To hold position for say two days

And which safe laverage to use

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already  from it  begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

As we all know the transaction fee continues to get high as the mempool remains congested for almost a month now due to reoccurring ORDI tokens on the bitcoin blockchain. This has left some people a bit furious and some newbies making costly mistakes of setting high transaction fees.

A transaction that was in block 818087 had actually paid a whopping sum of 83 bitcoins as the transaction fee. I would say this is a costly mistake but for someone having that huge amount of bitcoin in their possession I don’t get it. The transaction was first broadcasted with a fee of 70 bitcoins and then later was replaced with that of 83 bitcoin as fees.

My guess is the sender was probably trying to set is fee as 70 and 83Sats/vbyte and then mistakenly set out that high fee. The block was mined by Antpool, hopefully they would treat it as mistake and return the funds.

1. TXID for the 83 bitcoin fee: b5a2af5845a8d3796308ff9840e567b14cf6bb158ff26c999e6f9a1f5448f9aa

2. The replaced transaction ID: 0c35f3c8a0c38f45629940ee9ab2b1c93d408be113845a735043261ad20f3351

Advice to newbies check properly the amount your setting as fee and make sure you are looking at the right fees estimator, use wallets that allows bumping of fees in case you set a very low one

Maybe at least tell us what platform so we can help you? Because It'll totally depend on the exchange you're using. And chances are, whatever platform you're using has an article on how to use their stop-loss function so you're better off Google-ing it first.

There is no restriction to who can own a Demo trading account, a new trader or an expert trader. I know many traders may feel like they are now bigger than demo accounts, and only new traders should have demo accounts for demo trades, but I think that to avoid losses still, expert traders should also have demo accounts for trying out new strategies before they try it live. What do you think?

Do you as an experienced trader that has made profit from the market repeatedly, do you still have a demo account for trying out new strategies?

To what extent do you believe in the long-term viability and stability of Bitcoin as a leading cryptocurrency, considering the impact of decentralized finance (DeFi) and non-fungible tokens (NFTs) on its perceived value, adoption, and regulatory landscape? How do you perceive the potential influence of DeFi and NFTs on the trustworthiness and growth potential of Bitcoin, and how does this factor into your overall level of trust in the digital asset ?
To make it simple from 0 to 100  how much do u trust on Bitcoin ?

Understanding and identifying market structure is one of the major key we traders must have in other to succeed in the crypto market.

In as much as most traders claim to be experience, they are still lagging behind because they were never trained in the craft.

Not all experience traders as they claim can identify consolidation in the price chart, which to me it's a killer of our account.
Try not to be in the market when the market is consolidating, because there is a higher possibilities of you losing that trade.

It's one structure we traders look down on not knowing the danger it pose to our account,  during consolidation in a higher timeframe like 4hr is the most dangerous because it can go either way.
If we must succeed in trading it very essential we know market structure so as to know when to enter and when to exit the market.

What is liquidity? Any idea some tips ?

I am not that active here but I really want to know if can this be possible?, I am not a time traveler but as it is said on the comments at the source page, where I get the photo from, some said most of the investors are time travelers,, so can the chat be possible?

The truth be say I nor first trust CZ, he dey everything to gain more the Stori way them don talk about am I know e dey deeper than this because he nor just fit Resign like this. Most of us for local board dey use binance but I go advice make we find another alternative to binance for trading and p2p. If binance na be your only trusted place for p2p, be like say CryptopreneurBrainboss fit help out for here (nor go do p2p with person way you know or trust), remember say physical meeting for p2p don cast, so dey cautious of who you dey do p2p with o

I don't know if it's only in this part of the world but from what I have seen, it's becoming very difficult to find someone who had a great bond with his father while growing up.

I understand that the father is the breadwinner of the home and that this demands that he work very hard to provide for the financial needs of the family. I also know that because of the nature of most work our fathers do, it doesn't give them that much chance to become available for the emotional, psychological, and the rendering of certain discipline to their children, but I think this shouldn't be enough reason why they will not bond with their kids once in a while.

I grew up in a house where my dad was always busy with work to the point where we only see him three times a year and because he feels he has been sending money across for upkeep, he doesn't seem bothered that the kids have missed the role of a father in there lives.

I also know so many youths that we grew up together that had similar and some, worse off experiences growing up with their parents, and now that we've grown and some of us have started a family of our own, some have started repeating this circle in their homes.

How do we balance the part of providing finance for the home and the responsibility of being there for our children as a father?

Abi  if we de provide for the financial need of our homes, e mean to say we don fulfill our role as fathers?