The Lightening Network has really shown to be a successful Alternative, Since it enables users to establish channels between parties and carry out transactions off-chain without having to wait for confirmations on the Bitcoin network, . In this way, you avoid paying expensive transaction fees and also avoid having to wait a long time for your transactions to be confirmed on the network. It is undoubtedly a pretty great alternative for dealing with the issue of excessive TX fees.

There's a reason Bitcoin is the safest asset to invest in, the crypto market is highly volatile, It's very difficult to predict the trend of these Altcoins and that's why the safety of your investment isn't guaranteed when you choose to invest in Altcoins. But investing in Bitcoin gives you more assurance because you know that even in the next 10, 20, 40 years to come, Bitcoin will still be there and reaching new heights, but Altcoins can't guarantee you such assurance.

And regards to planning your DCA. You don't need to have any specific amount in mind to DCA, just put in a particular amount from your weekly, or monthly income, don't know how much your income is so I can't tell you how much to DCA. But just like saving in a piggy bank you can make your evaluation and then come up with a reasonable amount, but what's important is being consistent in whatever amount or percentage you choose.

Nothing like talking down on Naija Football, person wey see truth make e talk am. Naija na we country  and I love our country but the truth be say our country no dey try when it comes to Sports. How many better stadium we get for this country? The government no dey really look eye that side because them no believe say football or sports fit benefit them directly so them no dey invest for that side.

Them no need tell you before you know say our government greedy come still dey selfish join, if no be something wey go fit benefit benefit them directly, them no go put body. You dey talk about South African sports, if them tell you how much them dey invest for their Sports, your leg go first shake. Na e make if you watch them play for TV, e dey be like say na Pro football you dey watch.
If our government and top men for this country look eye for that sector, you go see say change go enter asap, you self go confirm am.

What exactly do you mean by controlling crypto gambling what we're talking about here is ways to stay responsible in gambling and avoid gambling addiction, not controlling crypto gambling or whatever you mean by that.

And  saying the ONLY way to achieve this is by setting a gambling limit is what I cannot agree with. There are so many other effective ways one can stay responsible in gambling, even more effective than setting a gambling limit for yourself. Hope you're not also ignorant of the fact that there are people who have set those limits for themselves but fail to keep em, you still see them gambling way outta their set limit .

Well I can't say whether you made the right decision or not, Samsung may be a reputable tech company, but they don't have any history with crypto, if they do, then I'm not aware of it.

There are wallets that come highly recommended here on this forum and electrum happens to be one of those wallets, so moving your Bitcoin from your electrum wallet to your Samsung Wallet, whatever that is. I literally don't know what to say to that, but what I can tell you is that your funds are better off in your previous wallet. I've never used a Samsung Wallet before and I believe not everyone here has even heard of it before. But if you feel safe with your Bitcoin there, then it's your choice.

In every organization or association the importance of unity and oneness can never be overemphasized. If there's no unity in a successful organization or group of persons, then it's certain there'll certainly be a division amongst them thereby causing the organization to collapse, that's exactly how it is in the Blockchain network.

The Blockchain network is a system in which a record of transactions, especially those made in a cryptocurrency, is maintained across computers that are linked in a peer-to-peer network, and it might also interest us to know that these computers are scattered across the globe, so that tells us that the Blockchain network isn't centralized in any particular geographical location. the Blockchain network is best known for its cryptocurrency capabilities such as the popular Bitcoin and other related currencies (Altcoin) But that's not all, The Blockchain is more than just that, it's also know for its efficiency  in the process of verifying, recording, managing and monitoring information. It is also important to note that the Blockchain network is can classified into two major categories which are the private Blockchain network and public Blockchain network, But I believe we probably know this so I won't go further as I'll just go straight to the point.

In order to ensure the smooth running of the Blockchain Network, there need to be some sort of agreement between those several computers scattered among different geographical locations, Hence the introduction of the CONSENSUS MECHANISM.


You may also want to look at https://builtin.com/blockchain/consensus-mechanism

The Consensus Mechanism is a process employed by the Blockchain Network to reach some sort of agreement on the validity of transactions on the network as well as the order in which they are added on the Blockchain. With the help of the consensus mechanism, new blocks can be verified and validated and it also ensures everyone on the network is using the same version of the Blockchain.

To ensure the smooth running of the Blockchain then everyone in the network must be in complete agreement on which transactions are valid and invalid. They act as a verification standard through which each Blockchain transactions gets approved.

Although, While designing a network's verification standard, there are many consensus mechanism to take into account, but all of them are designed to undermine the credibility of those who try to falsify the record.

HOW THE CONSENSUS MECHANISM WORKS.

Generally, the Job and purpose of a consensus mechanism is to maintain the security and stability of the Blockchain. Ensures that the entire network runs smoothly in a unified and cooperative way within the network. It's also a way of ensuring that every user in the network follows the same rules and makes the same decisions without being controlled by a central authority.

When a request is sent by a user to the Blockchain, Nodes receive data from that request, processes the data and then decides whether the request is valid or invalid. Let's say for example, a user requests to withdraw a token that has already been accounted for, with the help of the consensus mechanism, the request will be processed and evaluated and then takes the decision that the request is invalid and not worthy to be honored.

DIFFERENT TYPES OF CONSENSUS MECHANISM

We have different types of Consensus Mechanism, but I'll be talking about the two major types which are the
1. PROOF-OF-WORK and
2. PROOF-OF-STAKE

PROOF-OF-WORK


Proof-of-work (PoW) is the Blockchain network's most widely utilized consensus mechanism. In this procedure, miners compete with use of computer power to solve challenging mathematical puzzles. The first miner to solve the puzzle adds the next block of transactions to the Blockchain and is rewarded with cryptocurrency. While this technique was primarily created for the Bitcoin network, other cryptocurrencies have since embraced it.
The reason this approach is the most often used is that it contributes to network security and virtually eliminates the possibility of transaction manipulation on the Blockchain.

PROOF-OF-STAKE

Another popular consensus method that was developed as a substitute for Proof-of-Work is Proof-of-stake (PoS). This one chooses validators based on how many coins or tokens they Stake, in contrast to the PoW. Therefore, in this instance, your mathematical expertise are not required because it doesn't qualifies you to be a validator; instead, the quantity of tokens you have staked is what counts. In other words, the more token a validator stakes, the more his chances he has to be a validator and to create the next block of transactions on the network, and then rewarded with more tokens.

PROS AND CONS OF DIFFERENT CONSENSUS MECHANISM

In as much as the PoW is the most popular and the most secured Consensus Mechanism, some people still believe that the PoS is more preferable and more convenient because

1. The PoW, unlike the PoS is energy intensive. You need work your ass and brain out on the computer before you can be able to add another block of transaction.

2. Requires lots of computational power. Unlike the PoS you really don't need all that computational power.

3. Most significantly, because only big mining pools with powerful computers can afford to join, the high operational costs of the PoW network may cause centralization.

But in my opinion I still think that the PoW is way better and more effective. What do you think?

Just to be clear, are there provisions that avails forum members to learn these skills or do you mean he should learn it outside and then come back to the forum to publicize his skill and hope to be employed by people who'd need such services here on the forum, I'm a kinda confused.

You bet it was quite an exciting ride, and yes I have learnt a few lessons from the experience too, although this wasn't the first time I'm encountering such a scenerio but this one was a tough knuckle. Like I said earlier OP if I'm faced with the same situation in the future and my instincts tell me not to cash out, I would follow it, that's one thing about instincts, sometimes they lead you to making her right decisions and sometimes they don't. And yeah next time I believe I'll get it in the bad

You're absolutely right OP, the decision is entirely mine to make, but what if what I already decided to do isn't completely the right thing to do or maybe I'm missing something. It wouldn't hurt to use an extra POV right?


Exactly one of the exact reasons I decided to let the game play through, if I had cashed out, I would've still used the money to place another bet, so it's technically the same thing as the outcome would still be uncertain, so that's why I decided not to take the cash out and let the game play through

Thanks Mate. And yes it does sting a little sometimes, but have you as a gambler ever felt defeat whenever you took a decision to make a cash out, regardless how mouth watering the cash out might be? Sometimes in gambling, it's really not about the partial compensation that gives us that satisfaction we desire but the full potential win, so it's like, it's either that or nothing, that way, no matter how much the cash out is, you'd feel like you'd be making a great mistake if you took the Cashout. That'd be cutting out the fun part lol.

Most precisely OP, you're not far from the truth lol.


My cashing out would be dependent on a few facts which I'd be putting into consideration, first of, how much did I use to make the stake, could I afford to loose it, is 16,000,000 enough compensation for me? These factors and a few more would determine if I'll d he cashout or if I'd still stick to letting the gam play through, i believe you understand what I mean

Indeed, I was fully aware of the risks behind my decision before taking it. You know what they say, too much expectations comes with too much disappointment. If I hadn't expected that I'd loose and only expected to win the game, then you bet the disappointed would have been way more than unbearable, but I expected it. And everyone one knows gambling is a risky trip not for the feeble minded lol. I've lost way more than this so it's nothing new.

And for those that'd think or say I made the wrong choice, well good for them, everyone is entitled to their own opinion and it will be well appreciated. But just like you said, I did what I felt was the best thing to do at that point, and you bet I'd do it again if I get the chance.
Thanks for your words mate, it's well appreciated.

HELLO EVERYONE

I PROMISED I'D COME BACK WITH UPDATES ON THE OUTCOME AND RESULT OF THE GAME. I SHOULD HAVE UPDATED Y'ALL EARLIER THAN THIS ( YESTERDAY) BUT I'VE BEEN PRETTY BUSY WITH STUFFS. AND SO I DECIDED NOT TO CASH OUT AND LET THE GAME PLAY THROUGH AND I DID. BUT UNFORTUNATELY ONE OF THE GAMES TOOK A NEGATIVE TURN AND RUINED EVERYTHING. I'M A BIT DISAPPOINTED BUT I'M STILL NOT REGRETTING MY DECISION BECAUSE THAT'S GAMBLE FOR YOU, SOMETIMES YOU WIN, SOMETIMES YOU LOOSE, SOMETIMES YOU'RE KEPT IN A TIGHT CORNER TO MAKE CERTAIN DECISIONS, SOMETIMES YOU MAKE THE RIGHT ONE, AND SOMETIMES THR WRONG ONES BUT THAT'S THE WORLD OF GAMBLE. I DON'T KNOW WHAT Y'ALL WOULD GONNA LEARN FROM MY EXPERIENCE BUT I DON'T REGRET MY ACTIONS AND IF I'M TO BE FACED WITH THE SAME SITUATION AGAIN, I'D STILL CHOOSE TO LET IT PLAY THROUGH.


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Well first, you sound like you got everything all planned out pretty good, but what if there's a loophole in your plan and at some point things go bazaar and then you end up either being flagged or even worse. I don't know about your country but in certain countries of the world tax evasion is considered criminal, regardless the technique you adopt, that's why it's always advisable to involve a professional or an expert in matters like this.

 But if you eventually seek professional advice on the matter and confirms you're not breaking any laws then that brings to the part where you're asking if you can take out the Bitcoin without your mother in law's fingerprints or some sort of verification. In this case, there are several DEXs that really don't require any form of verifications before you can take out your BTC as long as the Wallet Phrases are in your possession.

Honestly, my instincts tells me to let the games play through, I'm optimistic it'll turn out good, and I've just decided that's what I'll do. The first game starts in a minute. And I'll be sure to update the outcome of the game here on this thread.

If one of those games involved teams like Barcelona vs Real Madrid. Then I sure wouldn't have opened this thread, I would have taken the cashout without a single hesitation.

Thanks for the tip, it just helped reduce the tension and gives me more assurance to follow my heart, which is to let the games play through.

Good day everyone.

I'd really need your advice on something I'm debating within myself. Okay the screenshots below is a running ticket that's been on since Sunday, I carefully selected 2 games for each day using the same market options for all the games( Home or Away to win).  I've been carefully watching the game every single day as everything has been going as planned, although there were times I panicked as some matches almost went bazaar. But thankfully everything went well. So today's the final day and I've been given an incredible amount as my available Cashout, so I've been waring against myself since morning if I should take the cash out or if I should just allow the game to finish playing. Honestly I want to leave the game, besides it's just 2 games left and the games are likely to play in my favor, but who knows, these things can be so unpredictable. What if I take the cashout and then the game plays ( which I believe will happen) then I'd be loosing over half of my winning, and then what if I leave the game to finish playing with intentions of taking everything and it goes otherwise. Please guys I need your advice, the first game starts in a couple of hours and I still can't decide on what to do right now.

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                                                                                                 BET'S OUTCOME/RESULT

HELLO EVERYONE

I PROMISED I'D COME BACK WITH UPDATES ON THE OUTCOME AND RESULT OF THE GAME. I SHOULD HAVE UPDATED Y'ALL EARLIER THAN THIS BUT I'VE BEEN PRETTY BUSY WITH STUFFS. AND SO I DECIDED NOT TO CASH OUT AND LET THE GAME PLAY THROUGH AND I DID. BUT UNFORTUNATELY ONE OF THE GAMES TOOK A NEGATIVE TURN AND RUINED EVERYTHING. I'M A BIT DISAPPOINTED BUT I'M STILL NOT REGRETTING MY DECISION BECAUSE THAT'S GAMBLE FOR YOU, SOMETIMES YOU WIN, SOMETIMES YOU LOOSE, SOMETIMES YOU'RE KEPT IN A TIGHT CORNER TO MAKE CERTAIN DECISIONS, SOMETIMES YOU MAKE THE RIGHT ONE, AND SOMETIMES THR WRONG ONES BUT THAT'S THE WORLD OF GAMBLE. I DON'T KNOW WHAT Y'ALL WOULD GONNA LEARN FROM MY EXPERIENCE BUT I DON'T REGRET MY ACTIONS AND IF I'M TO BE FACED WITH THE SAME SITUATION AGAIN, I'D STILL CHOOSE TO LET IT PLAY THROUGH.

I agree with you that Manchester City are very skeptical about their signings... You don't see them signing players just because the player has scored a number of goals, unlike some teams I wouldn't wanna mention. Not that they don't have the money to go around signing up players, but you don't see Pep doing that. Before you see Pep sign in a new player, then it means he has observed a vacuum that only that person can fill in perfectly. I'm not a Manchester City Fan but I respect Pep so much for his experience in the job.