The person is working hard and spend the money he earned on gambling and he is not moving forward but stagnant like someone that has no job. That is enough to be a good lesson for him. If you still see that he continues to gamble, let him know that the ending will not still favour him. He will be regretting and thinking that he can still make money from gambling thinking that his strategies might work, tell him not to be deceiving him than not to gamble again until he has control over it. Gambling budget should not be more than 1 to 5% if his weekly income. If he is not gambling for fun, he should not be gambling is the best.
Gambling indeed can be a way to essentially throw away all the hardwork someone has put into earning some money. It's true that there are people who do earn a lot from gambling but at what expense? We all know that you'll need to put yourself in a very compromising state and risk losing your money, sometimes your risk pays off and you win and sometimes you lose everything having nothing left thereby putting yourself in a very bad financial position. And the more people gamble, the more they're likely to lose because chances of losing are way higher than that of winning, and the further and deeper they'll keep walking into the hole. |
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I also see investment as something very different from games, I can very well invest and make a good profit, things are different, these two things should not be confused, one thing is investment and another thing is gambling, I I have seen many who invest these concepts and make the investments as if it were a game, that is, they invest in each thing regardless and thinking that it will give them profits, it can be said that it is not the same because it can cause confusion in many people.
What I see in this is that investors are something more delicate because a person who wants to invest in anything, invests a lot of money and in the game and the investment unless they take the Native tokens of a caisnoy and invest, That is what I think can be mixed only and with enormous risk.
Investment is different from gambling or games. If someone wants to invest, he should learn about the investment before choose his investment. If he wants to gamble, he can visit the casino to gamble using some money, but he must strictly spending his money so that he doesn't lose much money. He can lose much money if he gambles without restriction but he can make money from his investments especially if he get the investments that have the potential to provide profits for him in the future. If the investor willing to learn more about the investment program, he will not find it difficult to start investing. He only needs to use the money he can afford to invest and after that he only needs to wait for the results within a certain period. If he can get a profit from his investment, he can continue his investment or he can look for other investments that can give him more profits. Indeed, that's a really important distinction to make between gambling and Investment. Gambling is mostly a game of chance and luck, where the odds are stacked against the player, because we already know that gambling was designed to always favor the casino more than the gamblers, while Investing is more about making calculated decisions based on research and analysis, in investing, you're guaranteed to make profits along the way, even of you incur a few losses, but gambling is different because winning isn't guaranteed and you even stand a chance of losing all your funds. |
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They can create as many as they can since no one can stop them from doing that but there's a way for other people not to become a victim which is to share the scam gambling sites that you have found so that people who may encounter the site will know what to do which is to avoid it. Knowing scam gambling sites have helped me before when I still gamble and stay at the gambling sites that are legit or not scam. This should be in gambling discussion since it fit there. You should share the link so that people will know and stay away from it.
Suggesting that there should be a centralized platform for people to share information about gambling scams and also a way for people to rate and review different gambling sites. That is sure gon be really helpful and a very powerful too for improving transparency and accountability in the gambling industry. Now just imagine make such a tool a decentralized platform, it'd have even more advantages than it being a centralized platform because it could be more resilient to censorship, since there wouldn't be any particular entity to control the activities going on there. |
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That deep conversation and sweet talks and words are likely a romance scam which is popular to the oldies but goodies. They're easy to trust people and even if a random stranger comes to them, they are not going to ignore them if they find some interesting words that they say. One attracting words they'll use is about making easy money and even if we've been reminding a lot of people to avoid such, there will always be those gullible people that will fall for these scams. An experience is what they need but sadly, even some of them have experienced these scams and fake investments, they never their lesson. I've read how many times with these stories that they've fallen to a stranger online that have asked them to invest on specific platform that's not even known, and obviously those fake platforms have been made specifically for their victims.
You're entirely correct that victims of these scams may suffer greatly. The reason it's commonly referred to as a "romance scam" is that the con artist usually pretends to be in a romantic connection with the victim for several months or even years before requesting money. They might even pose as someone else totally or use a fictitious profile photo. It's a terrible scenario, and because the con artists are frequently very skilled at what they do, it may be very challenging to identify these scams. |
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I appreciate any comments, feedback and/or criticisms of those hypos.. so yeah, thanks for looking through them.
Yesterday when I went back to them, I was having a little bit of difficulty remembering why I had created them in the first place, and I had thought that they had some other information in them, so I was a bit frustrated when I needed to add a summary regarding the results of each of the categories.
I believe that my initial idea in creating the categories in the way that I did was because once the frameworks were established, then guys should be able to extrapolate other kinds of results.. but the main points were being made that involve showing how various investment approaches would vary over time, and of course, I wanted to be able to mostly emphasize ongoing DCA into each of the models because historically it has remained an important constant in bitcoin that can be measured in terms of its historical results, and I still believe that historical results does not guarantee future results, even though we can see through the various hypotheticals where guys would currently be based on varying timelines and perhaps whether they might have had some abilities to lump sum invest and/or DCA.. and most people should be able to employ some version of DCA as long as they have some discretionary/disposable income.
There surely are going to be some guys who would have had been able to beat strict variations of DCA, even within the timelines of the given hypotheticals, and so I don't have any problems with that, but I do have some problems with guys making arguments that proclaim some kind of generally applicable system that involves suggestions that they are able to beat DCA.. or they have it all figured out when to buy and when not to buy, and to suggest that newbie normies should follow such systems that they are likely not even able to articulate with any kind of clarity, and likely more than 90% of people are not even capable of developing some kind of a BTC trading system that would match or beat some variation of ongoing consistent buying that involves DCA, especially over longer periods of time such as when we are getting into 5-10 year timelines.
Sure there are ways to trade and even be profitable and even to be able to consistently beat the market or to beat some kind of a strict DCA approach, but those tend to be both specialized people and also not applicable to around 90% of the population who might not have time and/or abilities to engage in such tactics or to learn such tactics.
I find it remarkable that you paid attention to the emotional side of investing. This is very significant, yet I believe it is frequently ignored. DCA can help you control your emotions and make more logical decisions during the sometimes difficult and emotional process of investing. I think that fostering discipline is another way that DCA may assist with the emotional side of investing. It can assist you in staying true to your goal and preventing hasty decisions because you're investing a fixed sum of money on a regular basis. The way you addressed the issue of those who believe they can "time the market" with Bitcoin or any other investment is also very impressive. These assertions contain a great deal of survivorship bias: individuals who timed the market well will talk about it a lot, while those who didn't will probably say less. Since most people are unable to time the market effectively, DCA can help reduce the risk associated with attempting to do so. I really appreciate how you make the point that it's not reasonable to anticipate that beginners will create a profitable trading method. DCA is a considerably more approachable and controllable tactic. Basically, investment ought not to be done with emotions that's why beginners are always adviced to go for a long time investment rather than short term investments or trading because long-term investments gives one the ease to make investments and watch it grow as time goes on whereas a short term investor is just after the short term peanut (profit) that would be gotten forgetting to understand the high risk that is associated with it and they always get acquainted to monitor the activities of their investments thereby not giving them time for other things rather always watching the activities of the market. JayJuanGee have been a good motivator of long term investment in this forum and has made few who are interested in the buying and hodling process to understand the basics of being a long term hodler. With the use of the DCA have also made it easier for everyone to be involved in buying and hodling at regular intervals unlike some persons that only wants to buy and hodl at ones and maybe stop buying again and the consistency in this DCA method have even helped a lot of Bitcoin investors to acquire as much Bitcoin even more than their expectations. Indeed, the emotional aspect of investing has been often overlooked but it happens to be one of the most important aspects of Investment, it can indeed be very tempting to make certain rash decisions concerning your investment due to a few reasons you feel should be tackled immediately, but that's often a recipe for disaster. But with the help of long-term Investment, you'll be able to take a more levelheaded decision because those decisions are not products of tension and anxiety. Rather than getting caught up in the dramatic trends of the market, you'll focus more in the big picture with your eyes on the goal and that's what will help you make the right decisions. Short-term Investment on the other hand can be really emotionally draining and very stressful too, especially for new Bitcoin investors and newbies. Long term investment is a lot more stable and less stressful, you can just set it and forget about it and then you just have to check in on it periodically which isn't even mandatory, because whether you do or not, the Investment would still be going as it should. Indeed, JayJuanGee has been an incredible advocate for Long-term Investment and DCAing. And without a doubt, his levelheaded approaches has definitely inspired a lot of people on the forum and has also provided helpful guidance for people to make the right decisions on the right Investment approach to employ to ensure they minimize the risks involved in Bitcoin Investment. It's amazing to see how one person makes such an impact to this community. You are ONLY closest to Hypo 7 if you have been in BTC for 2.5 years, and if you are somewhere in the ballpark of August 2022 for your registration date, then from my perspective, you would be closer to hypo 10, even if you are working towards getting closer to hypo 7 - especially since one of the main factors in terms of differentiating 7 and 10 is how much time that you have been in the process of accumulating BTC. So you tell me? What is your time in service (BTC accumulation)? Are you really closer to 2.5 years as compared with 1.25 years or is it that you are prematurely presuming your results prior to doing the time?
Am I being too harsh on you? hahahahahahaha
It is possible to view Hypos 7 and 10 as distinct turning points in the Bitcoin accumulation process, and time is definitely an important factor. It's critical to have a realistic perspective on your current stage of the journey and avoid putting yourself ahead of yourself by making comparisons to those who have traveled a longer distance. Nevertheless, even if you are aware that reaching your objectives will take time, it is still crucial to set and work toward them. Thus, it is reasonable to aim for both Hypo 7 and 10. Long-term goals can benefit from being visualized in terms of stages and levels. More like a video game. Think of each stage or level as a kind of "boss fight" that signifies a distinct turning point in your adventure. Hypo 7 would be equivalent to Level 1 in this instance, and Hypo 10 to Level 2. As you advance through the stages, you gain strength and resilience. Each level has its own set of obstacles and rewards. |
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This had been bugging me for months now. Every Wednesday in my own timeline (GMT+8) I always lose money at every casino game that I go to.
It is as simple as you should not gamble again on Wednesdays. I will say I believe you because when I was gambling very well which was daily, Saturdays and Sundays has been my bad days. I will make money on Monday to Friday and lost the money during weekend. So I will say I believe. There's actually been some research done on this topic. According to one study, there is a higher concentration of weekend gamblers and higher average gambling amounts. The reason for this, according to the study, might be that people tend to "break from routine" and overspend during the weekend. This may also be the reason why some people lose more money on the weekends. |
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Gambling during working hours isn't that insanity? Because your attention would be divided between your job and the gambling you are playing as it will make you not to concentrate in your work place. No matter the passion you have for gambling never gamble at your workplace as anything that would put your job at a stake should be avoided because that's where you earn your major income from so you shouldn't joke with it all.
There are different sets of workers we have in society: those who take their work very seriously and do it with passion, and those who are just there for the pay and are not deriving joy from the work. They always end up doing other things whenever they are left unsupervised. Most of this set of workers are those who work in government sectors. Anyone who cherishes their job and focuses on how to bring maximum productivity to the industry will focus on improving the organisation and not on things that will drag it back. Only those who are not concerned with organisational goals can gamble in their work place, and such people can always end up bringing setbacks to the organisation. It’s also possible that someone who still respects their job can gamble out of addiction (even if they are trying to be free from it). But like I said earlier, anyone who gambles during work for whatsoever reason should get fired, unless the job is not a professional one. You can gamble before or after, not just on duty. If I was the employer, I’d assume such person doesn’t have respect for the company and doesn’t know work ethics. Stigma is a big issue when it comes to gambling addiction. Many people are afraid to talk about it because they're worried about being judged or shamed. They may also be afraid of losing their job or damaging their reputation. But the reality is that gambling addiction is a treatable condition, and it's important for people to get the help they need. Employers can play a big role in breaking down the stigma by educating their employees about the signs of gambling addiction and encouraging them to seek help if they need it and not to fire them on charge of unprofessionalism. |
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many gambling addicts have lost their minds because their desire to continue gambling overpowers their common sense, hence the importance of "gambling responsibly"
Ironically when there are people who cannot control addiction in gambling, this is just a small example of many gamblers that ended worse and there are some who end their lives because they are in debt when gambling. Gambling is responsible when you are not addicted and when it cannot be controlled, in my opinion it is difficult to be responsible for gambling choices. The problem is how you put gambling, if done only for fun in spare time is not a problem. But when gambling is done as a substitute for permanent work, this will be far more problematic and it is very difficult to control, the decision is in each of us and as much as possible avoid addiction in gambling. Gambling addiction can have tragic consequences. It's not just about the financial cost, it can also lead to depression, anxiety, and even suicide, we've seen and heard of people who committed suicide simply they have incurred debts they have no idea of how to repay, all because of their gambling addiction. And it's not just the person with the gambling addiction who is affected - their family and friends can also be affected by the emotional and financial consequences. |
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Even with a rich guy gambling, still has this regret he just made, so how much more for an average guy to take the risk of spending his hard earned money just to gamble?
Have you experienced this kind of situation wherein you spend huge amount of money and then regret after the loss? Is your reaction the same with that guy on the video?
This video is proof of how quickly people get into debt after gambling. The man in the video was very greedy due to which he bet a huge amount of money at once in a gambling game as a result of which he lost the game. The social media video link you posted was on 16th February where he lost money like 250K in his native currency which is a lot of money for a man. But there is another video of him that he released on February 13 in which he breaks his headphones in frustration after losing. Yes, I believe that some of the risks associated with problem gambling are highlighted by the YouTuber's example. He neglected to think about his chances of losing because he was too preoccupied with the promise of a huge win. And despite his significant loss, he was unable to stop himself from gambling since he was so engrossed in the "gamblers high." It's the ideal illustration of the endless circle of gambling addiction. In my opinion, it's important that people acknowledge early warning signs of problem gambling so they can seek assistance before it's too late. |
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In life, their is always a starting point to everything including gambling, so i can tell you to the fact that so many of us gamblers have our own side of our stories how our gambling life style all started, to me gambling is not a bad thing if you can gamble only what you can afford to lose, because by doing so it wouldn't get to your head, once gambling start getting into your head and you start seeing it as a means of income, that is path to addiction.
You've said it all mate. gambling can be okay as long as it's done responsibly. The problem comes when people start chasing losses or viewing it as a way to make money and earn a living. Then, it can quickly get out of control and become an addiction. I think the way we talk about gambling makes it more likely that people will develop a problem, For example, we often glamorize big wins in the media, but we rarely talk about the negative consequences of problem gambling and this is what mostly gets us into problems. |
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I appreciate any comments, feedback and/or criticisms of those hypos.. so yeah, thanks for looking through them.
Yesterday when I went back to them, I was having a little bit of difficulty remembering why I had created them in the first place, and I had thought that they had some other information in them, so I was a bit frustrated when I needed to add a summary regarding the results of each of the categories.
I believe that my initial idea in creating the categories in the way that I did was because once the frameworks were established, then guys should be able to extrapolate other kinds of results.. but the main points were being made that involve showing how various investment approaches would vary over time, and of course, I wanted to be able to mostly emphasize ongoing DCA into each of the models because historically it has remained an important constant in bitcoin that can be measured in terms of its historical results, and I still believe that historical results does not guarantee future results, even though we can see through the various hypotheticals where guys would currently be based on varying timelines and perhaps whether they might have had some abilities to lump sum invest and/or DCA.. and most people should be able to employ some version of DCA as long as they have some discretionary/disposable income.
There surely are going to be some guys who would have had been able to beat strict variations of DCA, even within the timelines of the given hypotheticals, and so I don't have any problems with that, but I do have some problems with guys making arguments that proclaim some kind of generally applicable system that involves suggestions that they are able to beat DCA.. or they have it all figured out when to buy and when not to buy, and to suggest that newbie normies should follow such systems that they are likely not even able to articulate with any kind of clarity, and likely more than 90% of people are not even capable of developing some kind of a BTC trading system that would match or beat some variation of ongoing consistent buying that involves DCA, especially over longer periods of time such as when we are getting into 5-10 year timelines.
Sure there are ways to trade and even be profitable and even to be able to consistently beat the market or to beat some kind of a strict DCA approach, but those tend to be both specialized people and also not applicable to around 90% of the population who might not have time and/or abilities to engage in such tactics or to learn such tactics.
I find it remarkable that you paid attention to the emotional side of investing. This is very significant, yet I believe it is frequently ignored. DCA can help you control your emotions and make more logical decisions during the sometimes difficult and emotional process of investing. I think that fostering discipline is another way that DCA may assist with the emotional side of investing. It can assist you in staying true to your goal and preventing hasty decisions because you're investing a fixed sum of money on a regular basis. The way you addressed the issue of those who believe they can "time the market" with Bitcoin or any other investment is also very impressive. These assertions contain a great deal of survivorship bias: individuals who timed the market well will talk about it a lot, while those who didn't will probably say less. Since most people are unable to time the market effectively, DCA can help reduce the risk associated with attempting to do so. I really appreciate how you make the point that it's not reasonable to anticipate that beginners will create a profitable trading method. DCA is a considerably more approachable and controllable tactic. |
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It's also possible that Kraken might be experiencing a bit of a technical malfunctions, which may be delaying your transaction. Its also possible that something else is wrong but ill advice you go with these options first and see how it goes.
Best of luck.
While this is a possibility but he's told that it's an address that didn't appeared on his electrum wallet for receiving. Then he should try putting the other possibilities into consideration, or do you have better options to be considered? |
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Omo despite say our government bad, but me is still like the doings our country men dey show, when it comes to music our country dey number one, even no sef our starts na most recommended world wide burna boy, omay lay, rema etc. These our brothers continues to make us proud. But no be music I come yan here. E get two things wey dey burst my head, one of them na when I hear say e get time wey we no get local board for this forum, we where unrecognised here but our senior men them come together go fight war for us come out success, the thing dey sweet me because b4 now e get many of our senior men wey I no even know say them Niger men wey be say if you see them post for other places you go very high level of professionalism for their write up, men like CryptopreneurBrainboss, nwada, hugeblack, Charles-Tim omo I hail una, the example una dey show dey really motivate me to work on my self.
Secondly now na say Nigeria na number 1 African country wey dey use crypto, y this one sweet me specially na say as government Don decide to frustrate men, we sef Don choke head another place, the strong gene for survival dey our country men body, even as other country dey wey dey do well pass us, the. Go still pass them call us as number 1, I no even wan enter the percentage of successful Nigerians wey dey do well for outside country. Omo I hail our country me. Make I no too talk if not the way e be me the post go long.
Normally anywhere Naija dey, no matter where, them dey always dey stand out make them notice us, them no call us Giant of Africa for nothing, na this thing make some oyibo people dey para for us, say we too dey overdo, Na so Naija man go US go study computer engineering, them give am chance, the Igbo man wey him name na Philip Emeagwali go build the fastest computer for the whole world, even till today, nobody don break him record. Even for the forum, na true say if you dey count people wey hand clap for the forum, you count Naija people put, our boss them still fight make we for get child board for this our local board and I know say small time them go get am and we go get child boards here. |
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Make e no be like say my mouth too sharp, I go reasone say e go fit enter 2k to 2.5k. before that time , area fit don scatter oo because as e be now , people dey vex, hunger wan kill people, joy no dey again. Make dollar fall back or make Nigeria find another means before the country go turn something else. No matter how e go be , dollar no fit pass 2.5k
Oga make you no dey too sure say dollar no fit pass 2500 because with wetin my eye dey see now, fear don grip me oo, I never fear for this country like this before, the kyn speed dollar dey take run, and like the OP talk, our government never even know wetin them wan do to solve this wahala wey wan kill us, or maybe them don already sabi wetin to do but them no wan do am, maybe because e go fit comot bread for their mouth so them go just sidan one place and do nothing even when them get the solution. The country don porous, make everybody fyn way guard themselves cos our government no ready help us and if this continues, naira go fall pass 3k self. |
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e just dey scary how 99% of the world's data dey on the internet. Even our incognito(private browsing) data sef dey on the internet with our digital fingerprints. Me and person being dey discuss how easy e dey to actually track anybody for this earth as long as say the person dn active for internet before. if no be say some laws dey cover how this big tech company dey take collect our data, some of us wey think say we dey untracable for dn go jail sef. Everything about us actually dey internet as of now, even your "view once" for whatsapp sef. Infact any things wey you thinks say you delete still dey there only say you no get access to them again. Just dey careful of things wey you dey post for internet.
is their anything like privacy on the internet? Just do your thing and live your life without being bothered on what on what your data is being used for because the reality is that your data is no safe and the exploitation is increasing at an alarming rate with no one saying anything about it or planning how to stop or reduce it. If we start to talk about the the rate of intrusion into our privacy, you will even get tired of using your phone. Their are some that believe that your camera takes regular picture of you on a regular bases while you're using your phone, are you talking about the recommendation you get as Facebook ad that comes from the private conversation you had with someone in your chat? I have never considered my data safe no matter if I deleted it or not. Normally person wey no get anything to hide no dey reason privacy, na person wey get skeleton for cupboard na e dey reason all these ones, like all these fraudsters wey don flood the internet like mosquitoes wey dey fly around. The. Talk say person wey get clear conscience no dey fear anything, as long as we dey sure say e get laws wey dey prevent people wey supposed fit access our personal stuffs wey we put online from doing so, like for those people wey dey store bank details online or other valuable informations. Before them go fit even override protocols for your head to fit release your informations wey dey online, e mean say the person don really do something wey attract international attention for e body. So as long as person just dey live en normal life dey do en things, i no sure if we go get anything to worry about or if we go dey for any danger because we dey use internet. |
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I'll completely disagree with you.
Did I mention any where that we shouldn't discuss about the problem of the country? We can do it the right way and not litering the Localboard with same topic of discussion. Just comment under already created discussion. And I never said you did. I understand that you have the interest of the board at heart but on the other hand, different people have different perspective and viewpoint about things, if you check most of those threads you consider to spam, you'll in one way or the other learn a thing or two from each of them. Again, some of those threads are buried beneath other threads on the board and we know that it's not everyone that has the luxury of scrolling all the way down just to look for a topic when there are other topics you can talk about above. This could be menacing if the likes of this topic is flooding the whole board but we know that's not the case here. |
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My country people good afternoon, today e get one impression wey most of our newbies get, wey I feel say Dem need to correct, if not, this coming bull run go pass Dem by even though say them prepare for am, but due to wrong preparation, the bull run fit pass Dem.
I know say as an investor wey we be, our main intentions na to make money, but dat one no mean say we no go use our head.
See eh, during the bull run, no be all coin dy rise oo, most of this alt and shit coin wey dy in your possession fit frustrate the haven day light out of you during the bull run, so to me if you wan dy sure say you self go benefit from this bull run, I suggest you accumulate like 95% more of Bitcoin, than park alt and shit coin wey fit disappoint you during the bull run, abeg newbies like me make ona follow who know road so that ona no go lost.
Person tell me say na Mumu dey HODL Altcoins, I been just laugh over am as the person talk am but if you look the statement well, truth dey there sha, Altcoins and shit coins be like time bomb, e fit explode anytime, so na to take am, trade am asap, because if you too HODL am, e fit explode for your hand and as e explode so, your funds don go, whether na Bull Run or na Cow Run, e no concern shit coins because those tokens only escort Bitcoin come and to benefit from am, na to just trade am that time wey e dey hot, because if you wait for too much, you fit dey disappointed. Most of those tokens na Pump and Dump, so if them pump am and you come dey greedy say you go HODL make we grow more, them come Dump am, your money don go be that. Although e get some Altcoins wey get solid foundations, like Ethereum and a few other tokens, but if we go tell ourselves the truth, na only Bitcoin be the safest asset to HODL. Make nobody whyne you say e dey safe to HODL shit coins. |
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Do we all really need to start creating threads about the economy  I've noticed for the past few days now, there's been many post about the economic state of the country which Im now considering as spamming. If you do have something to add about the bad economy of the country, you should just make your comment on other threads. Please we should be wise enough to know this. This one was just created hours ago and I see little difference from yours. Nigeria and the Current State of its EconomyDon't blame anyone creating threads about the country's economic conditions, because take a look around you and see if there's anything else that's more important than this pressing matter now, I mean what else should we be talking about? The country is in chaos and you wanna be talking about something else, c'mon, just look at the way the naira is crashing down the dollar and you still think there's still something else worth talking about. everyone is talking about how well Bitcoin is doing on the Bitcoin Discussion Board and yet it's not considered as spamming the board, so why would you consider people talking about the most important and pressing issue in Nigeria as spamming the Nigerian Board. I'll completely disagree with you. |
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So I downloaded the official Electrum, copied the address from the receive request generated. added that to Kraken to download the btc.
I waited and waited and nothing happened so after advice I checked that address in the list of addresses in Electrum (33 of them) and that one doesnt appear anywhere so;
where has my btc gone, where has that address gone? is all lost? sorry my first transaction!
Looks like the Bitcoin you sent didn't make it to your electrum wallet. This happens sometimes due to technical errors or maybe you should check if you're using the right Electrum version. There are a lot of fake versions out there and if you're unfortunate to have downloaded one of them then this is bound to happen. It could also be that you may have sent the Bitcoin to a wrong address, even if you copied and pasted the address, it's possible that you may have pasted the wrong address. It's also possible that the transaction might still be pending, so you should check the status of the transaction, if it's still pending, then it may take a while to reach the recipient wallet but if it's confirmed, then the Bitcoin should definitely be in the correct recipient wallet. It's also possible that Kraken might be experiencing a bit of a technical malfunctions, which may be delaying your transaction. Its also possible that something else is wrong but ill advice you go with these options first and see how it goes. Best of luck. |
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Rightly said, every investor (Both Bitcoin as well as other assets) needs both knowledge and patience. It's not enough to just buy Bitcoin and hope for the best, you need to understand the market and the technology behind it because if you're not fully equipped with the knowledge you need to make certain decisions, you'll be exposed to lots of dangers that is capable of negatively impacting your investment and you might end up making wrong decisions and putting your investment in jeopardy.
And you're also right that the key to success is often HODLing for the long term, rather than trying to time the market or make quick profits and it takes a great deal of patience to HODL. This is a lesson that many new Bitcoin investors learn the hard way.
Right now everyone is happy with Bitcoin price as its going up (52k$ as I am writing). But not everyday is Sunday, there can be times when Bitcoin goes bearish and it can last for months. What should be the strategy during that bearish season and what to do when Bitcoin goes bullish? These are all questions one has to address when investing in Bitcoin. One can answer these questions only if he has sound knowledge about Bitcoin. Also one don't need to study books or go for extensive study to understand Bitcoin. There are very simple scenarios out there that tells how Bitcoin has behaved over a period of time. Based on these scenarios one can easily define his future strategy. One scenario is JayJuanGee 6 different Hypo's that gives idea of accumulating Bitcoin for 5 to 10 years in DCA manner. https://bitcointalk.org/index.php?topic=5132720.msg63394117#msg63394117Mate, you raise a very good point. In fact, one of the most popular pieces of advise offered to novice Bitcoin investors is to wait for a bear market and purchase at lower prices rather than making a purchase during a bull market. This is due to the fact that Bitcoin prices frequently rise sharply during bull markets before plunging once again during bear markets. Of course, timing the market isn't always simple, and there's no assurance that the price will rise again following a collapse. However, this method may have a flaw in that it takes a lot of patience. The price of Bitcoin might decline for several months or even years in a bear market. So, this might not be a good choice for those trying to make a quick profit. It's also important to remember that not everyone who obtains Bitcoin does so with the intention of investing in it; some use it for other things, like making purchases or sending money internationally. Therefore, while waiting for a bear market can make sense for some people, it might not be the best course of action for others. I just added a link to the above linked post, since yesterday - in this post, I clarified Hypos 1-6 and added scenarios for Hypos 7-15 (which largely bring down the timeline with Hypos 7-9 as 2.5 years, Hypos 10-12 as 1.25 years and Hypos 13-15 as newbie status. Even though the overall theme is to attempt to show both how the difference of time can play out, but also how the difference in wealth at the time of getting started with bitcoin, I realize that some of the information might be a bit too confusing for some people to follow, so I may go back through the Hypos from time to time to try to edit and clarify the presentation of the contents. You are correct that they all use DCA, but also ONLY the wealthiest incorporates both lump sum and DCA, since he can.. the others are exclusively DCA. The wealthiest who starts out with both DCA and lump sum is reflected in Hypos 1, 4, 7, 10 & 13. The medium only does DCA is reflected in Hypos 2, 5, 8, 11 & 14. The poorest only does DCA is reflected in Hypos 3, 6, 9, 12 & 15. I appreciate the effort you've put by taking the time to clarify this. It can be tricky to present complex information in a way that's understandable and easy to follow. I appreciate you also taking the time to go back to edit the Hypos, and I think your approach of separating them into three different categories based on the wealth of the person is really helpful. Could you tell me more about why you chose to include lump sum and DCA strategies in the wealthy category, and only DCA in the other? Not just me, I believe some other persons would be curious to know. |
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