You do not have to trust Bitcoin holders if your factors like anti-government and banks are to be put into consideration but only trust in the Bitcoin itself. If you buy Bitcoin today and plan to hold it for the time being, then you are already a holder. Now, do you trust yourself? Can people trust you on this holding? That's the situation. Do not totally trust anyone but your Bitcoin and your plans about it. Nevertheless, the holders have been so important in the sustainability of Bitcoin over the years, this is not the time they will suddenly abandon the coin, they will continue to add their quota even as they hold it more.

However, there are categories of holders, some are for the short term, many are for the medium term, and others are for the long term. In between, there are permanent holders as well, so naturally if some holders liquidated their asset due to one reason or the other especially when the time planned for the liquidation has lapsed regardless of the date such a plan has been set as no one is holding you from selling your coin at the time you want to sell it. For these, I believe that the holders should be trusted to a high degree as many had witnessed the thick and thin with Bitcoin and have not panickly liquidated their assets.

But I do not know if this will continue to be true if the government starts clamping down on Bitcoin, only fearless holders may stay in this situation.

I must say that I appreciate the few you just said here even though many may not value it if they did not read it insightfully, but it's indeed valuable. Investors should always be prepared for the good and bad, even as they also prepare for the worst-case scenario and for the best at the same time. This is because anything can happen in the investment world, but still, I implore all gamblers to be good speculators and their chart readers so that they are not just following the myths and mouth-trends, these always put investors in trouble. Also, we should learn how to limit the way we trust the tradition and history of the market. My investment experience has always taught me that what happened today is not an indication of future happenings, anything can change at any time, this is why the market is Dynamic itself.

As for the cryptocurrency status, we do not need a seer to tell us that it is bearish in sentiment, but with time, it may be bullish. However, the altcoin season of a thing should be expected with care, anything can happen now that tradition and history about Bitcoin is gradually changing. It may affect all the senses which people are exploring to speculate and expect some happening regarding the cryptocurrency at large, which includes the altcoinseason. I'm not saying this will not happen, but just being cautious about it. Lastly, I like your remark that "Investment success also stays with you," This is large and we should not entirely follow the style of others but ours alone to avoid mistakes, and the result will indeed be ours which may not be able to be replicated by another person.

Many factors are responsible for the death of those coins if that is the right word to use and many are intentional, while others are not intentional. It is intentional when the developers are attributary to this, it might mean that their intention was to scam initially but later changed their mind when the project gained some relevance, or they are just waiting for the right time to abandon it and get away with the money. But in some cases, it might just be their negligence and not particularly caused by their bad intentions. This is why we need to be careful in the selection of our crypto projects to avoid asset loss. At times too, it could be due to too many issues that are beyond their control, it may be legal issues, the lack of cooperation among the developers or financial constraints.

The investors are a contributory factor at the same time. You see, what makes all these cryptocurrency projects to appreciate in price is that people lay importance on them and invest their money in them. But if a project has been wasting away for too long without good relevance and capital inflow, it could cause some chain reaction on the negative side (bearishness and little or no activity) that will lead them to become a redundant coin/token.

Now I fully understand. All my thoughts were that you guys were referring to the dealing between the gambler and the casinos only, and the way some casinos could make their deposit and withdrawal flexible for customers made me think that way, needless to say also that it is also happening elsewhere, at least it is happening in the world of trading and investment. However, for the tax payment, it is a very good bargain for the casino to be paying according to the agreement with the country they domiciled, anything other than this could lead to sanction. How many countries of the world would even collect cryptocurrency from you in this current dispensation?

Except for a few that are now focusing their beam on a thing like that for investment purposes. And I think El Salvador will be an exception though since such is a legal tender in the country. But the rest of the countries of the world, or should I say the majority, they will frown at that as they may only regulate your cryptocurrency activity but when it comes to payments, they either accept the hard currency like the USD or their local currency that they are used with.

And you do not think that the "gambling within gambling" approach is such that can increase the risk of the gambler? As we are looking for a means to reduce risk, you are here advocating more risk, that's certainly not conservative. Just like the martingale approach you mentioned, it is such that puts the account of the gambler at a higher risk and martingale has never been a term in any risky activity to denote something done with ease but it always denotes something done in desperation. Are you now preaching desperation in gambling which we always advised against?

As for the betting style, this is not just a good style that denote good and careful speculation but gambling on a certain pattern. Mind you, who says since a team has scored, it has now guaranteed their winning? This is baseless and your argument is not just constructive in this regard, histories would prove you wrong millions of times.

Oh, nice that you know it doesn't work in the EPL. But I do not know what you mean by "FIFA" because that name is the entire football body which the guy claimed he is using the strategy for. So I don't even know if you are For or Against anymore.

When it comes to the market matters, there is nothing like Impossibility, anything can happen in the market, and even if we speculate against a thing, we are not perfect about the speculation, neither are we seers, but we are just speculating which doesn't guarantee anything. I said that for you to know that my stance is void of impossibility, the opposite may happen, that's the market for you, no one knows it all. For these, it is a matter of "trying" to expose what the market may do and not possibility or impossibility, this is why I often choose my words carefully when it comes to the market so that I will not be guilty of my own words.

Also, I do not relate to the market based on assumptions and feelings/instincts but based on what I can read on my trading chart and the market psychology at large, which is why I am always constructive in this regard. Though I never called so many strategies and levels out at the time I made the first reply to avoid ambiguity, but still, they were part of my resolve/dispositions, it was just a summary of what I believe the market could do, and most likely, that is what it would do. However, let's mark the support level at $56980 and the low of last week at $56,480. The breach of those levels downwards may not be cool for Bitcoin this month.

Well said. But these days, I do not think there will be a responsible person still living a carefree life without minding their future. The consequence is obvious around us and if we are not taking the future seriously to save towards it regardless of how many children we have, it could be an issue later on. There is nothing bad in committing a huge amount to this with at least 25 years of savings and investments plan. This is irrespective of where we work, our status and our pension, anything can happen, so it is better to get fully prepared for the unforeseen. But if the future becomes the present day and it starts settling itself, our plans would have been an added advantage at that time.

But still, your plan is still not without fault if it's Bitcoin you are relying solely upon. You mean you only plan your future on Bitcoin, an asset and a project that has not been tested and trusted for many decades. That's gambling if I must tell you. I would even like to know the price at which you started buying your Bitcoin. For those who started buying at lower than $5,000, it's still a very good deal for them compared to those who bought it after hitting tens of thousands. Without mincing words, the best approach is for you to diversify and randomise your investment in both online and offline investments.

We are still saying the same thing and what you explained still means that Binance has issues with Nigeria since the stances and policies of the government make Nigeria and whatever is happening in it or related to it. As for the OKX, I received the news with a heavy heart, but according to the latest meeting with the new SEC's DG, I realised that it has a presence in Nigeria, unlike Binance. And according to the Punch newspaper today, it was one of the stakeholders that joined the virtual meeting with the DG and it was claimed that OKX did not stop the P2P on their platform by force or threat but for solidarity with the government.

But I still wonder what that solidarity is for. Maybe it's because they have a presence in the country and want to obey the law of the land. But I doubt if some of the other exchanges will yield unless they sue them. Let's see how that unfolded over time. However the issue of Binance with the government is far different from that of the OKX with the government, you can't just compare that.

Well, their mismanagement of the economy and the commonwealth has put us all into this mess and now they are blaming dealers, exchanges and the P2P. Besides, the reason why they can't allow our bank cards to function as you said is because they do not have the FX to fulfil such international obligations which is gross and so annoying. And even if there was an option like that, someone like me would never go for it because it would be cheaper and can't mean a good business for me. I would rather locate a parallel market as it is in all countries of the world, only that our country missed it from the beginning which is why things are burning this way.

However, the P2P initiative is not the issue, the government through their poor reasoning and action believe it is, but it is not. Imagine, if the country is doing well and there are four places you can exchange your crypto which are; 1. Official/bank, 2. Parrallel market/BDC, 3. Normal local exchanges, 4. P2P. These mediums will merely quote their rates and anyone interested in such rates and the service they render will go for them without any issue. The P2P is working fine in every other country of the world, so why is Nigeria's situation different?

The government are just clueless and I wonder how P2P will be the only issue when there are still other three channels quoting similar rates with the P2P. This is the problem we've been facing with the country from the beginning, they never have any solution to problems but just proving smart. As for the news, just do not waste your time, it was never a good one, it's another waste of chance by SEC.

Let me say that I appreciate your wisdom and insightfulness about words from the main OP and your subsequent replies. Many take the ideology of Bitcoin to the extreme even though it is not perfect and I think I am one of the few who tells some facts about it here since I've been in the world of investment before the crypto era, unlike many of them who's eyes are just being opened to investment due to cryptocurrency.

But from the main OP, your narration was not without faults but I still say that I give you 85%, you are indeed a thinker. Well, you might be wondering why the denial of the remaining 15%, it's because (though risky) whether physical or virtual, anything could be related and referred to as an asset. All the things that are being labelled assets today are because of the importance/relevance people place on them, and whether virtual or not, once people appreciate it to the point of investing and holding their money in it, they are assets and valuable, which is also applicable to Bitcoin in this context.

That said, Bitcoin as an asset can do almost everything that fiat money can do as well, all you need to do is to convert it one way or the other and the debt, loan, and mortgage as you cited them in the main OP will all be paid. Obligations can be fulfilled with Bitcoin, for real! About the bonds and other collateralized arrangements/agreements, what is happening in the crypto space is not any different, only that it is not so popular in governance and since many centralised systems have nothing to do with cryptocurrency but fiats, the popularity of such arrangements/agreements, and dependency in such can't be as though you are dealing with the fiat currencies like the USD.

Lastly, I give you 100% in this current OP, and my reason is simple, I 100% agree with you (in summary) that the fiat can do without Bitcoin but Bitcoin can't do without fiat which makes the fiat the master regardless of whatever anyone interprets to it. I've always indicated this even as some always preach Bitcoin as the supreme of them all. Let's be realistic!

Thanks for this question, after all, we are all speculating and the opinion of people at times counts whether it is in agreement with ours or not. For me, I believe that Bitcoin is still very young and we should continue to take a look at its behaviour for the time being. It has started showing some unexpected movements/behaviours now by hitting its former ATH again which has never happened before and we do not know the extent to which that might delay the rising of the coin this season that people expect halving to help it grow further. Also, what happens between now and next year will determine what will happen afterwards to know whether or not it will break the tradition that people have already known Bitcoin for.

Also, my concern goes to the lack of liquidity to push the asset higher. Though many are not looking towards that angle and many will attack others for it, but the truth be told all the time. Bitcoin needs more investors who are ready to push it to the next important level of $100,000 which is also a psychological level. But if it is unable to hit the level of the bullish season but slips to a long-term bearish mode afterwards, then I can't have such a serious bullish on Bitcoin in 2030, it might hold below $100,000 by then in that sense. But if it does otherwise and breaches above $100,000 this bullish season even if it later slips below it during the bearish season, then in 2030, I will not be surprising to see Bitcoin between $100,000 and $135,000.

Let me be frank with you now, we can't exclude the safety of people securing a job before engaging in trading, this is the only way they can calm their nerves doing it. Many would say that they can do it, but after many years, have they done it? That is part of the issue. Trading would have been better in terms of the money people gain and their consistency in it if they were not so desperate about it, and this desperation is as a result of the lack of a quality job they can fall back on if the money they are trading with was lost. This will always cause emotion for traders and no matter how you think you are good, once the emotion creeps in, then your trading account is technically finished because sooner or later, you will hit the margin call and will be stopped soon after. That is why the psychological part of trading must first be taken care of before trading if you have the opportunity, you can't just remove that from it.

However, if your view is to be enforced, then it could be good that they at least engage in some menial jobs still, there is no alternative to that. What helped me in trading today was my persistence in depositing one way or the other and I am happy to tell you that I would have blown more than 100 trading accounts before I became a consistent earner. If one has no job or a means of replenishing the trading account to continue learning, do you think it will be easy? Regardless, such a person may still engage in some posting for bonus activities of some brokers and try demo contests to try and gain funds. If they work for him, then it is still a good bargain.

The 8 billion people are too large a number to agree on a thing, even a million is an issue. There will be disparities among such a large number so I will not pretend on that here. Aside from that, I think we should live in the present and not in the future, especially when the future is too outrageous. Bitcoin reaching a $1,000,000 price is too outrageous to me and I wonder what the world leader would be looking for Bitcoin to reach that inflationary level, this will cause another issue for it if care is not taken. Have you ever thought of the reason why Gold has such a huge market capitalization but maintains a low price? It's because it was well-planned from the beginning, unlike Bitcoin which was just structured by Satoshi. A lot of things related to economics were not planned but just for it to continue to increase in price and people make more money, just because of the way it was structured.

Gold was compressed but Bitcoin was never compressed, and if it is reaching a too high level, you might see some regulations in that regard. That's by the way. One thing I will continue to consider before I can believe that Bitcoin will reach a far high level like that is for it to first breach $100,000 and hold above. Then $150,000, and $200,000 and $250,000. If the asset can do that consistently, then I might begin to believe that it can reach $1,000,000 in a matter of time, maybe in decades. But for now, I would like to live in the present reality and not in my dream world. I even wonder where it will gain such a huge liquidity to achieve that huge climb.

Let me pretend that you do not know what you are saying, maybe you are not in the crypto world to know what is really happening but just spitting out what you do not know. The three important projects in the crypto world that developers are working tirelessly on and investors are investing their money in are Meme, Defi and Infrastructure. I wonder where you see fewer meme projects and how they are beautifully performing in the market. This year alone, the meme coins like PEPE and Floki moved more than x10 of their year's opening price, and the others like Dogecoin, and Shib moved so nicely to the point that their investor will earn at least x4 of their investment.

The same thing goes for BONK which moved more than x200 in a year plus, or BOME which is even a new project that moved almost x30 in just a few weeks. You should name it, it doesn't matter whether it is old or new meme coins/tokens, they are doing well. But of course, it is not all projects that will be successful or behave the same way, but still, those successful ones are too many to be ignored and they are performing even better than the coins/tokens with better projects than memes.

I pray there is an altcoin season once again, but let us not be so expectant of it to avoid disappointment, things may change this time. Truly, altcoins have helped so well in the past and if you are sensitive enough, you would know that some altcoins this season, especially the old ones have moved about 50 times of their prices in a year and some months now. What else does any investor want more than that? More surprises later happened and are still happening and many more are expected for real.

There are times when Bitcoin would somewhat stop moving with huge volatility but some altcoins will be performing well, which is why I am cautious of the altcoin season of this time, it may not be like before when people will now turn to it as a true tradition. Well, if altcoin season will truly come into play like before where people will earn significantly, let this season's halving first be encouraging, if not, a lot of tradition/myths about the cryptocurrency market will stop completely and people will start facing the reality of it.

I just voted No for the May disposition of Bitcoin in reaching $75,000, I certainly do not think so. Bitcoin has its own trouble and halving that many rely upon will not be an automatic saving grace as quickly as possible and Bitcoin is facing a whole lot of liquidity issues at the moment (additional capital much enough to breach the ATH) which might tarry for a while more. In case many do not know, it was helped to rise last week due to some factors, which include the FED's Dovisness on Wednesday and the many important news on Friday which later attracted a positive outlook in a short-term disposition, but for how long?

We should be so thorough in our reasoning here and do not think that it will hit the ATH of about $73,850, talkless of moving above it to hit $75,000. I also suspect a scenario where the market will move sideways, it might be moving within $73,850 (ATH) and $56,480 (bottom of the recent fall). A break of either side will announce where the market will truly be biased afterwards, but for now, it is too early to say it will rise or fall.

Nevertheless, unless there is strong news/event that will shake the market, I do not think that $75,000 is feasible, it doesn't have that prospect to garner such liquidity that will make that level to be encouraging in my opinion.

That's thoughtful of you to bring this out from a different standpoint for people to understand better. I've iterated the same thing many times on this forum, especially for those who do not understand the rudiments of trading and investments but just forcing it. They often engage them anyhow, and maybe a standpoint like this will be an eye-opener for them to know what trading truly is and change their ways. Whether physical/offline or online, or risky or almost guaranteed dealings, we should all know that the same business sense is applicable to all of them. But the fact that the scope of trading and investment like cryptocurrency is so informal to the point that anyone can just decide today and start participating on that very day is the issue. This doesn't make many people appreciate it, learn it as they should and engage with it the right way.

Hence, this is the cause of the losses of the majority since they are not able to be patient, think and give it all it takes, which is why they need to change their ways. There is no need to be in a rush, and first, the buyer or seller must be experienced, smart and speculative in nature. You do not just buy any asset, you must first know it will rise or fall, and that is where the speculation comes. If you buy your crypto through investment or trading, you must ensure you have the right margin and managerial plans that will cater for your intention and never buy when the price is too expensive or at the peak unless it retraced. The same goes for the selling, you sell upon the right speculation and still resist the urge that states otherwise.

OP, I understand your plight but let us not be blinded by the love for Bitcoin. The advert may not go down well with you, but it's still cautious advice that is not peculiar to Bitcoin investment alone but all other investments as well, and above all, it doesn't hurt in a way. We all have to be careful with all investments no matter what we believe in them or hope for about them. Come to think of it, if you are sincere enough, more time is still needed with Bitcoin, it's still very young and still withstanding the test of time, which is why we still need to give it time and continue to study it.

Also, the 15 years you called is way too little for an asset to be entirely trusted whether you like it or not, what about those assets that have spent centuries and millenniums, can you compare them in a time-tested trusted level if you are sincere? Bitcoin is popular, well-appreciated and celebrated because it was introduced in this digital age, we should now be patient with it.

It has not even celebrated the silver jubilee yet, not to mention the golden jubilee and 100 years. And don't be surprised that the person who wrote that remark may be a Bitcoin lover and holder as well, but may also be a true investor who does not want the love of it to cloud his sincere judgement. This is the wisest approach in the investment environment if I'm asked.

This is no longer a secret warning, the Nigerian government through all their possible actors and agencies is fighting the exchanges in the open. Only that some exchanges are more adamant than each other because by now I believe they must have served all the top-rated ones their dissatisfaction and warning to desist from providing the services that are NGN-related. But still, many of them are still providing the service, let's see who's is next.

Besides, the Nigerian government has taken this matter with a kid's glove, they are not just mature about their approaches. Regulations, I mean a strict one is the solution here, or don't they know that we will always find alternatives to do our P2P thing? One way or another, our cryptos must be exchanged whether they like it or not, this is even as we are finding opportunities to make extra money in the tough economy they've created for us.

As it is now, I think the new SEC's DG, Emomotimi Agama may be going somewhere now with the virtual meeting planned between himself and the blockchain and exchange business in the country. I even heard the foreign ones are invited as well (https://punchng.com/crypto-regulation-sec-chief-to-meet-foreign-local-crypto-exchanges-others-monday/). The meeting has been rescheduled again to a later time today which means it is serious and will hold (https://punchng.com/blockchains-industry-meeting-with-sec-dg-rescheduled/).

Let's see how things unfold even as Nigerians are not panicking due to the threat by Fintechs to block people's accounts. Cryptocurrency is legal in our country, period! It's the government that should fix the economy and find the means to bring in huge FX to stabilise the exchange rate. I hope the new DG will be wise enough to regulate and not do gragra like EFCC and CBN government that are clueless about the whole issue.

It's true that one may earn money through gambling, but gambling is not a source of getting money unless we are deceiving ourselves. Those who have the notion that they can make money through gambling are the most affected by it. Gambling is a risky activity, it doesn't guarantee anything for the gambler, so we should always perish the idea that it is the place to make money but rather a source of having fun and trying our luck if we can earn money from it. Also, women are being marginalised and stereotyped regarding gambling, and region is another factor we can think of here, but technology has helped well in bridging that these days.

Now, if a woman is gambling in her closet, you may never know unless she tells you she is gambling. After all, we are all human beings, so what a man is doing, women should have that opportunity to do it as well, and I love that. Thanks to technology for a whole lot of things and I hope that women will continue to apply wisdom in their gambling so that they do not regret their participation like most people do. With time, if it continues this way since the population of the world's men and women are roughly the same, the percentage of women and men gambling will roughly be the same.