To me, I prefer cashing out than let the bet run to the end beside the cash out  amount is always bigger than the amount you used in making your stake. Though there are some situations whereby after cashing out the bet play to your prediction and you might have won bigger if you exercise more patient, and this is the more reason some person hate cash out because the big chance they got have been missed due to lack of confidence. Knowing that gambling I'd entirely about luck and just small percentage of your ability in predictions, I will cash out if I have to.

Rightly said, yesterday I say make I enter market to buy somekind things for my self. Omor wattin I eye see just trouble my heart, something of N6k in the month of December now Dem say na N13k when I waka like 5 place  and the price just dey stagnant na for there I take know say these people no dey play at all. So as dollar dey increase e dey affect us individually nobody go fit escape.

Omor the price of Bitcoin just dey shock everybody, because the price predictions and expectations don too many for the price to dip like this. Anyway we don get small hit why the price dey dump. Grayscale selling that huge amount of Bitcoin just be like price manipulation. But this na opportunity to buy more.


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Guy e be like say you dey mistake the definition of Bitcoin and shitcoin, before I clear you for that part, I go like make you know wattin shitcoin be. Shitcoin na coin wey be say dem create for the market wey come get small value come go back down, or coin wey since them create am e go gree get value at all, or you fit call all those scam project shitcoins. Many of those meme coins wey go pump until Dem go come start to dey dump until Dem mo get value again, we dey call those type shitcoins. And besides most of those shitcoins Dem volatile pass Bitcoin by far, in fact Bitcoin no even volatile reach some altcoins for the crypto network. If you observe closely when the market dey experience some pump, you go see say while Bitcoin dey like 6%increase some coins dey count 23% and when the market dey dump na so them dey use that same energy wey Dem use take pump take dump.  And coin like that nor dey too last for market before you go know them don turn shitcoin.

More years to come, altcoins no go fit take the place of Bitcoin for the crypto network. Some of them sef go fall after the halving event as the dump in price go take place after the halving some of those coin no go fit again their sef and na so them go just die like that, beside Bitcoin na long term while some of those coins na just for short period , maybe for just 1 month or 3 before them lost for the market. So una wey dey buy altcoin make una dey careful not to go buy shitcoin wey don already dey go down thinking say e go rise up one day.

Currently like this our boss them don dey take action move off topic threads to off topic board, and if them do you that kind thing, you supposed dey disappointed at your self. So make we try increase quality post and Bitcoin discussion for this board. Newbies una see say the merit distribution no dey flow well, and that na because na only one merit source wey we get for this local board. If to say we get reach 3 or 2 e for dey better, but as e don be, our boss them still go apply to become merit source. But Theymos never still accept am, and that fit be because of say e dey see shitpost them for the board, meanwhile we dey tell am say many quality dey wey no get merit.

So no be say we dey try to dey rude or we just feel like to wicked, the benefit of wattin we dey do na everybody go enjoy, by the time we get extra merit source we all go dey get merit for our quality post wey we sit down construct of more than 20min. So make una try una best to keep the forum clean from shitpost abeg.

As newbie wey you be, the advise wey I get to give you na be say, make you do enough reading rather than postings. You fit dey post one or two, but make your major work for now be reading, try they read quality informative threads especially the ones talking about Bitcoin, you go see say in no time you go get quality knowledge to fit dey contribute and that go eventually give you merit.

Almost everybody start from newbie, na only few person wey as Dem come the forum Dem don already get knowledge about Bitcoin, so their post from day one dey make sense with quality. But me I start with zero knowledge but I come go find material online dey read, plus the one wey I see for this forum. Before you know I don dey get small knowledge wey I take dey contribute for as comments. And one thing na be say make you make more of comment than posting thread. From Commenting on other people thread e go help you learn to build constructive post.

For sure, anything that has to do with crypto investment has to happen now, before the halving if not you might end up having regrets. Now the entire market is experiencing a dump in price which might be due to the selling of over 16k Bitcoin by grayscale. Those who are not newbie will definitely see this as opportunity to buy more cc oins at cheaper rate before this might be the lowest dip before the halving. Within this period of the dip I have used the opportunity well by accumulating more Bitcoin I to my portfolio.

Normally anyone new into the crypto network would like to use lump sum to accumulate Bitcoin or other crypto. But when you learn of other strategies, you'll find out that there are some which are even better than just lump sum. Take for example, using the DCA( Dollar cost Averaging) which simple allows you to make little deposit to your comfort without affecting your other financial activities. Or you might even consider DCA combined with buy the dip, or even Lump sum and buy the dip. You can go as far as combining two strategies to form a new one that might suite you, based on your financial abilities.

E be like say I don dey see some moved topics, great action. Na like this small small we go take dey clean the local board from original off topic post. Any post wey you know say off topic well well, abeg una fit even report am to the moderator make e for move am to off topic. But this action go really work faster when the account wey dey report get reputation. That is, if na higher rank the moderator go reason am pass when na just newbie, jr member or member rank. Let's work hand in hand to help our local board.

Don't get me wrong, the fact that you haven't heard any talk about being scammed those mean they have experience it, besides the scam I mentioned earlier is one binance exchange, and not everyone uses binance exchange here. We were told not to keep our coins in exchanges so we only trade but not keep to keep our assets there for long.and beside that, I believe we Nigerian are very intelligent enough to fall for some scams that even an advanced outside man can't resist falling for. Some time I wonder if those who fall for some certain scam are so dumb enough to be blinded with enticing words.

Absolutely correct mate, they are actually trying to manipulate the market by selling very large amount of Bitcoin out. As of yesterday, they sold not less than 16,450BTC worth $656M. I don't think there is another reason that might justify this action if not to create panic in the market and and newbies who don't know what Bitcoin is would start selling their coins instead of buying as the price decreases.



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Anyway, these changes and price dump are only opportunity for real Bitcoin enthusiast, but those new or without proper knowledge of what Bitcoin is might sell their asset.


I saw a post recently were a user is expecting more dip before he will buy. I don't know where they are getting that courage from, it seems the social Media is now winning some investors into believe their predictions that are created by human which are prone to error. Predictions cannot be 100% accurate all the time, that is why we need to be careful what we receive from the Media and social gathering. Some persons who seem friendly are big haters of Bitcoin.

Newbies are not the only one who fall for those scams or hacks, especially hacks. Hackers don't plan on hacking a newbie, but rather they aim higher at those who have accumulated more coins over the years. That is, they target exchanges and other businesses. Just like one of the post boss Charles Tim posted, talking about a scam in binance  exchange. Even an experienced user could fall for that scam. The scam is all about the scammer generating a Bitcoin address that look almost like your own, and keep it in a position were you can easily pick it up and use it thinking it's urs. And if you are not careful you might accidentally credit the scammer thinking it's your own address.

My review resubmission



Utopia una too much, wattin dey burst my head pass na their AI wey you fit ask any question and e go deliver asap, as I register I come ask question na so the answer come immediately. Another tin wey Dem do wey I like well well na the security and privacy wey the site dey offer. Normally e dey easy for person to crack you password, but when we dey talk about seed phrase e dey very difficult for person to crack am. Their security na blast, if you be persons wey love anonymous tins, utopia is ok.

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Utopia team has done a great job, what I like most about the application is that, they offer AI technology in which their users can ask any question and will immediately get response. Another feature of the android application that I like is the security and privacy the app offers. Normally it is easier for a hacker/scammer to crack your passwords, but when it comes to using advance security like seed phrase, the possibility you'll can be cracked is very minimal. I give their security a thumbs up. If you admire anonymity then, utopia is ok for you.

Just as boss Charles-Tim don talk, based on say we never get child's board naim make off topics them still they full this part of the local board, but by the time wey Dem don give us our own moderator we go separate am then, creat board specially for off topic. But for now, newbies are bound to make mistakes, even me sef start with mistake, but to remain for that mistake say you no wan gree learn or take other people advise na there e take bad so. Highest off topic wey supposed dey for one page naim be just 1, then make the rest of the thread then get relevant information wey we dey pass, or Bitcoin related discussion. But currently like this if we observe the local board, you go see say the off topics for this first page sef many die. Na why we dey complain say make the give newbies proper oriented before them dey come here come post anything wey Dem see for social media or news.

E get the way you go structure off topic come put Bitcoin inside, e go come make sense and the thread go come dey very interactive. This forum post them na sense you go use, and from there you fit by God's grace get merit for that post. I believe one of the things wey dey affect newbies na be say, them dey feel like say topics don finish, but na for still here naim person go bring out very fresh and innovative work come wey get educative and good information for inside.  Motivational speakers say na only you fit carry your hand limit yourself and that na true. If you think critically outside the box, you must definitely come out with good solution.

So newbies abeg make una try, e no easy to come up with genuine quality post but nothing is too impossible.

For me na Bitcoin I go recommend for per wey wan invest that kind of amount oo, because if that person fit get patience keep em investment for only two years sef e go hit better profit. Through the price dey volatile and we no go fit give 100% predictions accurately but make we get that believe say e go go up due to the law of demand and supply. Even minus the halving bull run sef, Bitcoin naim be still th best wey I fit recommend give anybody. Especially now wey the price don go down small naim be the best time to buy so that any small increase go reflect for your portfolio.

All I talked about is the scams and hacks aspect of cryptocurrency, I never got the opportunity to mention the volatility of the market. Indeed one can minimize it's risk of losing in the market first by learning and studying the market, study a coin before you buy, watch the market behavior of the coin, don't be too greedy to take little profits. These tips I just mentioned doesn't apply for Bitcoin, because investment doesn't require you to become a trader. You can buy Bitcoin and keep the investment for years without worrying about the price movement, and you'll still reap your profit. But in altcoins/ shitcoins, you have to keep track of the market to sell your profit before the coin start experiencing losses.

In as much as they all requires luck to win a bet, introducing him to sport betting would be a better option rather than him just playing slot. But you advising him should also give him full details about the gambling, so you'll not present it as though sport gambling is a sure way of making money. Because most person make the mistake of emitting the part were they experience loss, and only share their wins, and by so doing, the other person might feel it's another easy way to make money and by the time he ventures into sport gambling, they find something else other than what they have been told.

Bro it seems you are referring to other investment and not crypto. Because as to stands, crypto is one of the greatest target by hackers now, and they are effortlessly looking for a way to either bring down an exchange or create a scam project that after it must have gained some reputation by passing KYC being listed by exchange and must have gained a good market cap, they will just run with your money, and that is the end of your asset or money. So this crypto despite say, Bitcoin dey very friendly and very impossible to hack the network, no be all coin for the network be like that oo

This na matter wey need to dey come up all the time because almost everyday naim newbie dey enter this forum, and no be every body get this update. Of anything happen to any exchange wey your money dey inside, my brother e don go be that oo. The major target of hackers na exchange and if them successfully get one down, the amount of money wey Dem dey commot no be here oo, and you fit be victim. Even if say you use exchange take receive money, make you move the money comot for your safety. Had it been I knew, naim bad pass oo.

Last year the amount of hackers matter wey we hear too many, for person to dey loose guard for that kind matter. E before to make the right changes now, than make life teach lesson before you go know wattin dey for ground.

It has always been advised that you don't put too much into stable coins, since they are pegged with traditional currency, inflation might hit one day. Beside stable coins are less volatile so why would someone invest in a coin that can even stay for a month without any increase or decrease in price. But USDT has not shown any characteristics of a scam project and it is doing well till today. What I admire of stable coins is there fast transaction rate. They can be used as intermediaries from your bank to the coin you intend investing on.

Keeping money in the bank is indeed safe, but just that inflation might strike anytime. I have some experience in keeping all money in the bank before I came into the crypto network. And my experience wasn't far from good because they are intermediaries and your money is not fully anonymous. So I prefer keeping majority of my saving in Bitcoin while the remaining one in my bank, is for emergency fund, should Incase anything happens unexpectedly, I have some were to return to rather than disturbing my holding.