The message wey this picture dey tell us be say, e no easy to be a long term hodler, because you go face so many challenges along your bitcoin journey for you to fit dey successful. If you no sacrifice get patient and discipline, you no go fit hodli because you be weak hand.
Now wey bitcoin price dey $66k, some people get money to invest but them dey feel reluctant to invest because them feel say na waste of time. In future, if bitcoin reach $500k, na those same people wey you tell to invest now wey no invest go dey say...o boy, you get luck o. Of which na sacrifice and commitment, not luck. No matter how hard the country be investment na e go make things easy for you tomorrow. No suffer for fun now, and still suffer for old age. Suffer now invest, and enjoy tomorrow.
Indeed you made great caption from the pic. This is just as said that what you dot know is bigger than you and when you fail to give those anticipated opportunities trial, then you'd always assume there're some tricks attached to it just to attract the masses while some would say it was just a luck. Sometimes I would of it's about luck as they may say, why don't they also give it a try if the can be lucky as that too? Some people has seemed to have proud excuses over their failures and reluctant to eject out of poverty which they're not even comfortable in. Indeed it's uneasy to invest cryptocurrency and watching it depreciating and yet you ignores to be sentimental with the market situation and still keep accumulating more to increase your asset values and maintaining disciplines not to temper with your assets until reaches a specific target.
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How do you even achieve full custody over your funds if you're a trader? You can do it through DEXs(almost impossible if you trade equities and not crypto) if your AUM isn't that large hence you don't need the huge liquidity that centralized exchanges have.
Self-custody is mostly for holders, not necessarily active traders.
You're right and if I stand before the Op, I'd propose on differentiating Centralization from Decentralization and then, I'll ask the trader what remark about he/she has for independency and privacy. I believe everyone wishes to be in-charge of their firms without such which the governments has always been the regulators and decision makers. It's awful that even the private sectors doesn't enjoy maximum self control of their firms but bitcoin has come a distance to break that historical records with its motive and capacity of being a non custodial and self control digital currency with the potential of making profits and also how it can confront economical inflations. To me traders are limited and conditionally governed by some entities like the governments deprivations.
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That's to your personal view or concept. They're are actually phones with Smart features which can as much offer those features of the computer system and in a more convenient usage, te phone would be more flexible to be used when accessing the forum during when you're not observing a complete Privacies. Accessing the forum using the computer system is also good because you can have a wider screen view which can utter a preferred and more comfortable views compared to using the phone. It can as well offer an internet speedy services. So also, using the computer system, you can hover over to execute multiple tasks in a short while navigating in the forum or other interests on your screen. It's most about individual conveniences.
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Why do you need this again he needs you to want this, because he wants BTS price to go higher... ...reported and hopefully will be moved to altcoin discussion No I don't think so, JJG maybe sceptical to minimize his assets and trading transaction taxations or fees. He's also obliged to have spread wings on diverses of decentralized storage networks where his bitcoins are storedd. So he needed a recording facility to enable him have his different portfolios being trapped in a particular or single network While taking adequate assurance of his assets being self custodial.
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With all that analysis being scaled and compared to my kind of person, I've found your this logics to be helpful for my bitcoin holding. It'd as much enable me to set up my financial portfolio in disciplinary measures with a specific goal of of how to maintain my desired bankroll also as foreseeing potentials self custodian on the indulgence. While I'm just diving in to this crypto pool recently, I'm submissive to adopt the ideal without any formative of corrections. Thanks @ JJG for the knowledge impacts.
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Investing in bitcoin is not something you can just start doing, proper knowledge and planning is needed. Knowing that it is best invested as a short term for beginners like me and long term for experience investors so as to make profit. As an investor, one need to have other means of earnings in other not to stagger when unforeseen occurrences comes like in the bear market(period when bitcoin price falls). Knowing all of these, my questions are: -When is it the right time to invest in bitcon? -How can one start planning? -How do you follow up your bitcoin investment and other businesses? -What are the assurance that you are ready?
Bitcoin investment indeed requires investors to have knowledges about it. Although mustn't be knowledges about the technical factors but the primary knowledges such as understanding that 1) it's not a get quick rich. 2) Awareness that it's a volatile digital currency which the price would fluctuate. 3) Investors requires other source of income. 4) Staying aware that bitcoin Investors emotional sentiments with the market condition doesn't affect the market price instead it drains your Investors vibes and energies. 5) Setting up a investment goal and be determined by it so that you can prosperously stay let your asset grow to meet that goal. 6) Most ultimate is being aware that you as a bitcoin Investor is holding treasures that could attract local and international scammers and thefts to do aware with your funds. So you should be concious with your crypto wallet details in order to stay safe. While I agree with you that it's necessary to be knowledgeable about bitcoin before Investing, so that you don't have to regret it on the run due to the fact that the market price may not always go according to your wills, I'll disagree with you for saying short term investment is for the beginners while long term investments is for the experienced. If you'd ask me, I'll even tell you that it's best that experienced investors are best good for short term goal because they must have figured the volatility of the marketing system to approach to the prediction of the market price. While the beginners have to stay trustful and unpanicks and just keep hodling to use the opportunity and to understand the market and alongside, you'd be potential t see your assets growing. So in all, long term holding is the best for both either beginners and experienced investors Bitcoin is a volatile digital financial technology which it's market price is unpredictable although its volatile potential is optimizing to increase in time to keep greater values of its ATHs. So for that, it's minded to investing on bitcoin doesn't have a specific period
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There're certain bitcoin investors that has always gazed at the coin market cap watchfully to see increase of price so that they could cashout the profits. So are due to lack of other source of income and some are on the act to say they're trying to achieve their capital rate gradually in case the industry crashes.
I don't know who anyone who need to hear this that bitcoin is has come to stay as long as more investors are coming in because that's how more the blockchain is stretching reliably stronger and not a Ponzi schemes that you'd be deemed to act smartly to make sure you secures your capital while expecting a system crashes unawares. You that also Invests on bitcoin without previsions for other source of incomes, be let known that your bitcoin investment can only be fertile to profer you highly profits if you have other source of income so that your asset can accumulate more values from those generated profits and soar to yield you bigger incomes. Hodling is just the key to a better success in the industry of bitcoin investment.
Ponzi scheme is far away when we preach about bitcoin, it's never considered easy to watch crucial losses and profits in the system. Bitcoin is one of the top projects that every investor believes in and will do everything within their power to ensure they keep good holdings of the coin during the bear season. Invest in bitcoin when you have the chance and ensure you're having one of the solid touchy entries because this is basically one of the ways to stay foot in the market. I totally understand that it's never easy to focused on the system but there are couple of investment that's just grinded and raise our hope high enough to become confident in the system and ourselves. That's it. The point is that having that monitory insights on the market price at most times would always act like justifying the investors emotions according to markets speculations and probably could be overwhelming or sentimental. I'll always say it to the people that bitcoin isn't like the AltCoins that you'd have to be alerted on the market price on the view that you don't want to miss chances of when the coin would rise. Noting that AltCoins rise can be taken surprisingly to increase so high and can also fall so sudden like a game of luck with the probability of crashing like the Ponzi schemes which investors are by chance to harvest their funds profitably, I'd say bitcoin would act like a stable coin over that volatile nature of the AltCoins and totally have no comparison with the ponzi schemes.
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Exchange is a platform for assets storage and for execution of p2p transactions. So, It's unnecessary to pinpointing further errors from the he exchange after considering the legal and mismanagement errors.
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If Binance as a large exchange doesn't have that feature and so as Coinbase, then I'd fear but not doubt that you'd get one I don't know but I'm on that take that you shouldn't ignore the fees and just go for the p2p and then get rocking step up with your bitcoin to the market. I also wish you'd getting it if possible.
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Since you don't seek for recommendation of Coins you could invest on, I'd only say that if you're not urgent in need to make use of your funds that has got you all that profits, no need to exchange to the fiat so you can just automatically swap to your desired AltCoin but you'd have to check if the Coins are listed in the Coinbase else you'd need to research on the exchange that supports it. Sounds like you really made a lot of profits and if I'm right, I'd advice you diversify your investment probably consider bitcoin and I'd also advice that you make research before investing on those AltCoin. As for bitcoin, that's already a sure of you can invest and patiently hold, it'd do you better than expected.
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That's a good news for the Argentinians and of course hyperinflation would be a point of time when people doesn't need to be persuaded to adopt crypto currencies as it has long be emphasized where the crypto adoptors such as this platform has also been offering the speculation services. Meanwhile.... The crypto adoptors in my own country has contributed effortlessly ranking top six globally and ranks first on the trading of p2p exchange. While investors and the crypto adoptors are expecting more support from our government to facilitate on adoption to a official legal tender of the lucrative innovation, our government are busy shutting down the CEXs from associating with our fiat and asking the CEXs to disclose the names of Crypto users to them so curious and desperate like the crypto adoptors did some shit stuffs affecting the national in a negative count. But meanwhile this crypto invention has been offering sources by which the citizens facilitates of payments and also holds for investments that alternatively contributes to the economy in the society. Honestly we the crypto adoptor Nigerians do envy those countries that their governments in one way or the other supports the crypto industry.
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Only when Trump is scam or he's a disguise anti bitcoin before he can creat those loopholes to happen to the Crytop for selfish interest or to crashes the Crypto industry but I believe in Trump that he's a leader who understands the minds of the people and works towards satisfying the people's needs. I bet it that if bitcoin is compromised to be regulated by the authorities, the Satoshi's programs on bitcoin being a decentralized financial system has failed and majority of Investors who adopted the source of bitcoin and other cryptocurrencies for their savings and investments purposes would be disappointed and many would pool out of the crypto pool and better go with the fiats where they knows the government has been in total control of and then will be the chronic moment of blockchains.
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There're certain bitcoin investors that has always gazed at the coin market cap watchfully to see increase of price so that they could cashout the profits. So are due to lack of other source of income and some are on the act to say they're trying to achieve their capital rate gradually in case the industry crashes.
I don't know who anyone who need to hear this that bitcoin is has come to stay as long as more investors are coming in because that's how more the blockchain is stretching reliably stronger and not a Ponzi schemes that you'd be deemed to act smartly to make sure you secures your capital while expecting a system crashes unawares. You that also Invests on bitcoin without previsions for other source of incomes, be let known that your bitcoin investment can only be fertile to profer you highly profits if you have other source of income so that your asset can accumulate more values from those generated profits and soar to yield you bigger incomes. Hodling is just the key to a better success in the industry of bitcoin investment.
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What are the project you wanna test and how do you tends to trust any newly launch project without knowing their true intentions towards their testing service especially altcoin projects. Whatever you are doing with any altcoin can be seen as gambling because anything could likely happened at the cost of doing the test run.
I've also wondered about what the projects are. Maybe the Op could've just gone on detailing about the so new projects and there potentials so they interested users can go on research before capitalizing on it So between users and developers who's test running? Okay interestingly to the Op, is the project rewarding users on the peak of the testing? Like as Adbitico has said, AltCoin projects are kind of flexible networks to be careful about because it can be a game some times.
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No otherwise thinking, I'm straight diversifying to basically on the conciousness not to lost it all and also to partake on the profitable potentials that the rest of th coins may be potential to.
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If Bitcoin was in note, it wouldn't be special anymore, because the essence of it creation is it privacy and the inability for the government to track and monitor it like the fiat currency that have no privacy, because if it was in note, it will definitely be stored in the Bank which will eventually makes it less different from the fiat currency..... Bitcoin is an invention to execute financial transactions electronically as an financial technology uniforming global monetary tenders as a unique form of money by which its obligation is to foster decentralization and keep Privacies unlike the centralized fiats. And asking if people will walk around with it in their pockets? To me it's a big No, because you don't see someone that is mentally ok walking around with an asset like Bitcoin in his pocket that is worth 100 million plus, no right thinking person will do that, however that can never happen in reality, because Bitcoin is a digital currency, it can never be in note.
If bitcoin was actually printed of course people would walk around with it and you wouldn't have to blast on such people afterall there're people with jewelries Worth of millions just for fashions. The fact remains that bitcoin can't be one of those which one can physically hold because it's a unique technology to be digital currency.
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E get one big thing wey you dey forget, if you get $10 worth of BTC today and bitcoin drop till your $10 turn to $0.0 that amount of BTC wey you buy still dey the wallet, let's say na 0.00016 as of today price this your 0.00016 BTC go remain this number e no go ever change but the price in dollar don drop to zero. So if bitcoin still rise after many years wey you get I'm for that wallet you go see say your money still dey or e go even planty pass the normal na one big thing wey plenty people never understand about bitcoin.
As long as say you get your wallet phrase secured just keep that small thing wey you get hodl to any time of your life as long as say you fit do without that money. Just keep hodling one day you go see the benefit, for that your own na because you still need the money na why U thing say e dey very necessary to remove every dime from your wallet.
This is basically why Investors can Invest reliably on bitcoin believing that despites the volatile potentials that the market may fall below little Investors invested value, just stay reliances because there's always tendencies to recoup when the market pops up again. That's why it's always advisable for investors to always do research before Investing their funds and the ignorantic ones always falls victims to the MemeCoins that once the market Price falls below Investors holding, the asset value vanishes to total lost of no recovery.
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Sorry dear, I can feel how bad it feels regaining your health and finding out your asset coins are gone. Even took those measures and yet there was no remedy to recover your funds. 😏. I also heard that transactions can be tracked through the public ledgere but I've no details about it. While I've followed your thread up to date that there had been no good news, I think the fund is gone and I don't know also think if there was any necessity of trying to communicate with the scammer because whoever that's responsible for that theft would never return it back to you. So the Only recovery option was if the network online desk was to come in for it.
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It's good getting update from the Media but it doesn't feel safe when you reacts to those media influences without making research and then you just bump into investing. I'm generalizing it because not only in bitcoin that influencers can disguise their selves on a logic to divert investors funds and disappear with it. I've always heard about Bitcoin since 2018 but I haven't heard it time because I was ignorant to believe it was real. I actually got into bitcoin through a friend who's also a forum memeber here so when I got to adopt investing on bitcoin I was few know only that I believe they my friend so much soo couldn't have further doubts. He indeed explored me by introducing me to this forum where I learnt more and felt more reliable with the bitcoin industry.
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The need to cut cost of our expenses is because we don't have enough fund to our savings. Actually buying is the better than renting because you can use it as many times you wanted without that reminder that times running out to return it and every single hesitation of return has tendencies of paying more which Could never had been on budget and besides you could need it multiple times which is over and over. The stress of picking and returning would be much. Let's also consider possibilities of damage which you'd be expected to replace it. Although buying would be much expensive so like I said, you can go for buying if you can afford it and also consider your income if it can handle the purchase. Renting can actually save you chances to manage your income and make certain savings While you're renting since the funds are not going in bulk. So by algorithms it'd be economical for an average earner although you'd spend more than who buys.
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