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81  Economy / Economics / Re: Do you believe in savings or investment on: April 23, 2024, 07:53:48 PM
Investmentt is better than saving money. When we save our money at the bank the bank invests our money and earns on our money and all profits go to the bank, instead, a person can invest his money by hand and take the benefits from it. But the problem is people do not understand this mindset at the beginning they are afraid of investment they think if they invest their ymmoneyhey might face loss and lose all their savings. This type of people cannot go upward, what if they give their money to the bank and the bank is robbed or burned due to fire, but still they take the risk, if you are taking the risk then at least make an investment which saves your money and gives profits as well.

Savings and investment are two different metrics and are not to be compare with each other but the reason why people often discuss it is that people save and think they are investing but doing that is total waste of value of your money because by the time inflation is done with you, the money will be worthless most especially if you are coming from a place where inflation is not minimize.

Savings is not to be confused with Investment, each of them has their own advantage. If you dare savings it should be for the purpose of keeping it for short period of time maximum less than a year and can be used at anytime, anything above a year it would have become less than the value you saves the money and price of things you have the money to use for might have increased.

Investment is money you are risking and you are not ready to use it for that particular time and you are looking forward to make interest after some time. Depending on the risk, you can make as much as high profits but with savings, you get nothing keeping the money, even the banks can't offer you anything because why would you accept interest rate of 3% per annum with inflation of 10%, that's a bad investment.
82  Economy / Gambling discussion / Re: Have you achieved anything from gambling on: April 22, 2024, 09:00:31 PM
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Lastly , i Dont know If you have achieved anything from gambling or you have same perception like my colleaques But for me i have achieved something reasonable and tangible from gambling , So please friends let me see your opinions on this .

If anyone who is into gambling has never achieved anything in life, just make sure that the money you are losing is smaller than what you have gaining, I mean your profit should be bigger than what the casino has gained from you, the essence of that is that you are not playing at loss and casino are not reaping you. That also signifies that you are playing healthy and not under some pressure and probably some gambling addiction that you might be struggling to fight silently.

I have seen some gamblers display the big amount they have won from casino, they look motivating and inspiring not to give up but I just play my style and the amount that's for me, you don't have to try thier style because the moment you do, you will realize that their style will not favour you but I used their bet slip as motivation anytime I see them celebrating, imagining winning an amount that a skill worker will work for 35 years in just a night and win another one the following days, some people are born lucky.
83  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: April 22, 2024, 08:23:07 PM
I agree that this is never going to be easy for Real Madrid, not at all. Real Madrid was struggling very hard against Manchester City and they scored two lucky goals in the first leg. No need to talk about the huge chance that De Bruyne left on the table in the second leg a few minutes before the game went into overtime. Bayern Munich has shown a tactical masterpiece in the second game and was strong in the first game, too.

Your analysis is a one sided analysis, if you watch Real Madrid and Manchester City match, you will understand that the way that match went is the only way they can win Manchester City, never in history has Real Madrid win Manchester City in Etihad but they did for the first time winning the Quarter Final. It's the only way, football is not all about statistics all the time, did you win the match or no, that's what matters in these kind of situation and Real Madrid chose that over any other thing in the game.

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I believe this is going to be a 50:50 game and PSG might have the upper hand against Dortmund, but I did not expect Dortmund to eliminate Atletico Madrid like that. So there is still room for surprises and it's especially the same in the semifinals. Nothing is set in stone and while Real Madrid has beaten Manchester City now, I think the game against Bayern Munich will be no easier.

Bundesliga has some tricks moves which they use to win matches, Bayern Munich knows how to do that very well on Real Madrid but seeing what they played against Arsenal, they might not be that good as they were before Tuchel came an toom over. The team I will like Real Madrid to meet in the final is PSG, I want to make PSG loose that match badly so Mbape can sign that contract with fast speed with Real Madrid without any further delays.
84  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: April 22, 2024, 08:12:40 PM
Girona's current situation is still uncertain especially with the current performance declining, it will be difficult if in the remaining 6 matches now it will be favorable for them especially if you look at the schedule that will be implemented Barcelona and Girona will still meet so that it can be a determination of who will deserve to be in position 2 at the end of the season.

Look closely into Girona performance, the only problem I have with them is that consistency they are not having they are not having in winning matches but atleast they are winning and they are 7 points ahead of Atletico Madrid and by the way, Atletico are not that good as well so top 3 will go well for them but I'm not sure about overtaking Barcelona, if not for Real Madrid, they would have continue to move up.

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In terms of quality even though for the first match Barcelona lost to Girona but still they are still the favorites and Girona will only be in the third position option for this season but indeed if the impressive performance can return Girona get then indeed there could be a chance to win again against Barcelona for the match later but clearly I still feel for position 2 it is still held by Barcelona and position 3 belongs to Girona because it has also become a good thing for Girona.

The only way to encouraging Girona is for them to continue to win any match that comes there way, even if they manage to overtake Barcelona, it still doesn't make them any special except for the price of been in the second place and that's going to be money, and there is no way that money will be valuable like winning the league because it will be there forever in history but nobody talk about second place in the history, just title winners.
85  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: April 22, 2024, 08:00:19 PM
Arteta did managed to take this team further than anyone else since Wegner, so that is why he has the benefit of the doubt, a lot of Arsenal fans knows that the history of this team is filled with losing out on the last minute, that's not even a recent thing, that was true twenty years ago as well, this team lost a lot of seasons where they played amazing most of the season and lost on the last games.

People need to forget that the Arsenal team of 2010 is different from the team of 2020, the team Wenger was using back then, none of them are here today and I believe that if you have a good team, you will go far in the league, that's the benefit Guardiola is using today, if you have good team you will do wonders. Not only that, the doubt of taking the first place in the league will reduce. If Arsenal should win this Premier League for this year, all this benefit of doubts will get erased.

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All in all, I think it's quite fair to say that we are talking about a team that will have trouble by the end, and they know that this season is long gone, and looking for the future. Arteta has brought them so far, and I am sure they will trust him at least a few more seasons and give him more chances, he may get the league eventually.

This season was not fair for Arsenal especially now that they needed points badly, had it been they don't have this line up features, I will be over confidence in what they are going to do this season but I guess we just have to watch and accept the result the way we see it but Arsenal and Liverpool has low chance of taking this league trophy.
86  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: April 21, 2024, 09:41:14 PM
It is a good game with quite a lot of action, but it is not over yet. Ball possession shifted slightly in favor of Barcelona, but we will see whether they can turn it into an advantage. So far both teams are about equally dangerous, but it looks as if Barcelona has a bit more control and they got a lot of corners, but couldn't convert them.

Good speed by both teams and the young Barcelona players are interesting to watch. There are some good talents in the team now. Could be Barcelona's future for sure.

You underestimate El classico, like you did consider statistics in this kind of match when two teams are always aggressive towards each other with primary aims and objectives to score goal, statistics doesn't count much unless for short on targets and shorts on goals. Bellingham Real Madrid the lead and they have covered their eyes in shame both in home and away this season, we now know who the real kings of Spain are and who are truly the king of Laliga.

With 6 games to go in Laliga, even if Barcelona used Magic for the rest of the match even though we know that it's unachievable, there is no way that any team is going to overtake Real Madrid right now, it's too early to make an announcement for them but if Real Madrid is able to win their next two games without suffering any loss, they will be force to announce as the winners.
87  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: April 21, 2024, 09:26:06 PM
Arteta is the coach he learned a lot when he was working with Guardiola at Manchester City but he is still not experienced enough like Guardiola and he needs to learn more. But I think he is performing much better than last season in Arsenal and considering the games we have seen so far from Arsenal I was even expecting to see Arsenal beat Bayern Munich in the Champions League because technically they had much better sitation than Bayern Munich.
However, the race is not just between Arsenal and Mcnshter City but Liverpool is also close to these two teams and Klopp doesn't want to leave Liverpool without a trophy at the end of this season. But I think Arsenal has much harder games ahead compared to the two other teams.

Try as much as possible to give credit to where it's deserved. Which of that coach in Europe do you think is capable to mold Arsenal the way Arteta has done today? Many of the coaches were running away from the club because of failure until Arteta bring them to limelight, the club is now a worthy one that any coach even Guardiola will happily accept to work with them. You don't compare people all the time because each of them are kings but they have their own lane that they walk on.

Arsenal didn't Beat Bayern Munich, they drew and if not for the home dominancy they used to equalized the second goal, it would have been a shame on Arsenal to lose to Bayern Munich in Emirate and you can see that they finally lose to Bayern in their home, that shows Bayern was well prepared and focus for the Semi final.
88  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: April 20, 2024, 04:50:54 PM
Many users seem to underestimate Barcelona in the upcoming El Clasico match. Real Madrid are considered favorites because of their performance and they are also playing at home, but I expected something different. The atmosphere in the match is expected to be very tight with both teams scoring goals, but to be honest I hope Barcelona can win the match later.

My dominance nature when it comes to defending Real Madrid want me to tell you to stop defending them but somehow, I don't want to argue like Barcelona fans, they obviously hate Madrid when they are winning in every situations.Cheesy I swear down, if Barcelona was to face Manchester City the way Real Madrid did in thier last match, they wouldn't last a second in that match, this is to tell you how good Real Madrid has been this season. There is nothing different that will happen other than Barcelona going home with 2 goals conceded to nothing or 3 goals to 1, this I have seen.

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I know Barcelona's performance is unstable this season in big matches, but there is always good hope that Barcelona can win points. El Clasico is no longer as good as the Messi and Ronaldo era, but the El Clasico atmosphere is always interesting to look forward to.

El clasico used be tough because of the rival between Messi and Ronaldo and that's in the past, the future players are just trying to emulate what their successors has done but one team remain mid and that's Barcelona. Since Ronaldo left Real Madrid, they have won many Champions League after that but since Messi left Barcelona, they have won nothing. This is to tell you that Real Madrid build on with quality players while Barcelona build with past glory.
89  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: April 20, 2024, 04:29:41 PM
That lost could be causing them to lose the title. You know what really frustate me last week? watching both Arsenal and Liverpool lost when theya re already ahead of City in terms of points but now they gotta trail back hoping that City lose atleast one of their last 6 fixtures. EPL is extremely boring right now with City keep dominating the space, we really need a new club to win this year though and Im hoping it would be Arsenal

You know what's thrilling about week 33 matches, away teams win more match than home teams. The reason behind this is something I can't really explain but last week match day was shocking to everyone and now it seems Arsenal, Liverpool and Manchester City doesn't have any important league to play again except for City that is currently playing against Chelsea in the FA cup and by performance agility, Manchester City definitely will put this on the bag in the next 1 and half hours. minutes.

What if Arsenal turn around and win the league, will you look surprised? I think we are too focus and support Manchester City on winning the Premier League when we know how Arsenal were hot at some points and had 7 winning streak without conceding any goals, what I'm saying is that things can still change for Liverpool and Arsenal within this 5 weeks remaining games.
90  Economy / Services / Re: [OPEN] FreeBitco.in Signature Campaign | Sr./Hero/Legendary | on: April 19, 2024, 10:01:08 PM
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91  Other / Beginners & Help / Re: Benefit of non additional charge on: April 18, 2024, 12:19:03 PM
Have we ever considered the advantages of Bitcoin's insignificant fees? I utilized Coinbase in the UK to send some coins to my younger brother, and the transaction was completed successfully in less than 15 minutes which is like instant transfer. Previously, I had to wait three working days for Western Union to validate my transaction. With Bitcoin, the days of going to the bank and waiting in line have vanished, and I can now send something to him without incurring any additional fees. In the past, I had been using Western Union to do this, but the extra fees were ridiculous, so I didn't have to complain because I didn't know about bitcoin. I'm happier now that i could save some extra charges.

You might even check that your transaction and still found out that you have paid more than what is even required of you to send a transaction across the Bitcoin network. I mean centralized exchanges request more than what is needed to send a Bitcoin transaction. If the transaction is offchain(Internal transaction/sending between coinbase user to another coinbase User), you might be ash for any transaction fees as they are always free but external transactions always required a fee.

If you have your own personal wallet or hardware wallet, you can always send Bitcoin to anyone at any part of the world and when the mempool is less congested, you will be paying less than a dollar for a transaction for a single input and output transaction.
92  Other / Beginners & Help / Re: Bitcoin vs centralized Coins like Ripple on: April 18, 2024, 12:04:52 PM
SEC needs to crush Ripple

Ripple is a centralized shitcoin operated by fraudsters. It was confirmed multiple times, where Ripple’s CEO, Brad Garlinghouse, was involved in fraudulent shilling techniques.

I don't know why this looks like some kind of vector attack on Ripple because Bitcoin has never made any competition against any altcoins. The primary goal was to bank the unbank people and people who traditional financial system has failed and shut because of censorship and unfriendly policies.

It's not new to everyone that majority of altcoins are shitcoins, only few has manage to follow the growth of Bitcoin but they are too centralized and not that secured as Bitcoin but let's leave all that side. SEC has been a headache on Ripple and calling them a security commodity is unfair, they went to court and Ripple won that's to tell you that Security exchange commission is wrong. I don't understand your own side of the story when you don't even share any evidence of Ripple doing what you said.

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Ripple is clearly a centralized project and SEC needs to take action against Ripple. Hopefully, SEC will win against Ripple because Ripple has committed lots of fraud already.

Screw SEC, this fight is more of a personal terms than fighting for the cause of people and investors. If SEC is actually serious and think Ripple is what they claim, then they need to raid 90% of altcoins and bring them to order for doing the same thing, the more they fight Ripple the more they belittle the organization.
93  Economy / Trading Discussion / Re: A trader lost over $1 Million + on Binance Future trading on: April 17, 2024, 06:00:23 PM

This is one disadvantage of future trading. You can make a fortune over night trading on future, but you can also lose it all if you don't apply good risk management. It's obvious that this man did not set a stop-loss point; his greed overshadowed him with too much confidence that the bitcoin price can't dump since the halving is just around the corner.

It's hard to experience total liquidation like this on spot trading, but if I thought Binance by default doesn't allow 100% liquidation on future trading, at least it will automatically stop in the range of 85–90% of the trader's total assets they always tries to leave you with something.

Binance don't liquidate traders 100%, this was a technical error because the liquidation usually stop around 85% and you will be left with the 15% which is fair. After the trader cried on X, the correction was made for him and the remaining assets worth $180k was returned. I guess he had a second chance to start over again and learn form his silly mistake.

I'm not sure I will take such kind of risk even on a spot trade, he obviously lack good knowledge of trading, you can't just opened position a million dollar of all your wallet, it doesn't make any sense. I repeat  even in a spot trade where there is no leverage, it doesn't make sense to trade a million dollar on a single trade, it would be wise diversify to reduce risk of investments. The more I look at the trader situation, I see him as a pure gambler and not a trader.
94  Economy / Trading Discussion / Re: Trading is not a lifetime job. on: April 17, 2024, 05:47:20 PM
I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
 1. It is quite stressful - old traders will soon give up due to mental health problems
 2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
      Most of the time we feel this during bear season.
 3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.

Your opinion are yours and not everyone would agree with you but your trading orientation is very odd to me, the reasons doesn't makes an iota of any sense.

The first one, you said quite stressful. Like is there literally any job or skills out there that is not stressful? All of em are stressful but if you are used to doing something over and over, it becomes a hobby and something you enjoy doing rather than just a job and because money(profits) is there it will serve as a motivation not to see trading as a stress.

The second illogical reason you said it's not enjoyable. Are you sure you have trade before and make money? Because I don't understand why you will say there is no enjoyment in making money, that's a lie or you just trying to defend your mind because you didn't succeed in trading.

The last lame excuse you said scam, you just verified that you don't understand trading, your reasons are far from what even a newbie trader would compose, I'm sorry to say but you don't know deep understanding of trading.
95  Economy / Economics / Re: Insurance is important on: April 17, 2024, 05:18:36 PM
Not that people don't like Life insurance, health insurance and investments insurance , just that they know that to approach them require huge amount of money before they can get registered to have full access to those insurance in your country.

Insurance companies doesn't work like that and not all of them are that expensive. If you earn enough to put food in your mouth and has a place to put your head, there are some basic insurance you should be able to pay for especially health insurance. The health insurance companies I know here knows for.a fact that percentage of couples are monthly dependent on pay check, so introduce monthly alternative break down for people but you must not default it else you risk your insurance with them and they are working perfectly, you don't need to break a bank to get yourself registered for health insurance.

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Like Health insurance is very important for business men or women to adopt, and it will make them to stay long in their business because when you have good health, you can monitor your business to continue earning till you get old.

Health insurance isn't just for business men and women, literally everyone should have health insurance because you don't know the kind of health complications that you may have and may not be able to afford to pay. It's very essential for people who has a lot of health generation problems

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And, investment insurance is very important to those that what to be wealthy because if anything happen to your goods or company, insurance company will restore everything back to you in a way you will not have pressure over the issue.

Investment insurance is good as well but the number of successful firms of investment insurance are far less than to that of the fail investment insurance, what I'm saying is that you need to be cautious of such insurance and not end up in a scam situation.
96  Economy / Economics / Re: Inflation is the main cause of financial depression on: April 17, 2024, 05:09:27 PM
According to the IMF, the world has experienced four global recessions since World War II: 1975, 1982, 1991, and 2009.

Financial recession is caused by financial inflation
If the blockchain system was attached to the government created currency, then the global economy would never have seen a recession.
Maybe a day will come when every country will publicize the blockchain system as their official currency and the price of Bitcoin will skyrocket may be that time only satoshi will be 1$ or more .........  Smiley


So much is happening behind government closed door policy, they don't want the people to see what is happening, they called it "confidential information" but it's under that they disguise and steal money meant for public, that's where they do their moves without the public intentions, if indeed they actually make use of blockchain for currency transparency, a lot of revolution will keep happening because there is a lot going on under government umbrellas.

Inflation is mathematics and if theoretical analysis points where the problems comes from and gives solutions, the it should definitely work but because they don't do what they are supposed to do, that's why inflation go beyond what they can't control. For instance, printing of currency out of tin air will do more harm to the economy but you think they do listen to all this warning? They don't.
97  Economy / Economics / Re: Will inflation become big challenge for retired people after 10-20 years? on: April 16, 2024, 09:50:27 PM
It is already causing lot of problems for retired people. How much will this problem intensify in future ?

Which country are you using as a reference to describe the age you described above because inflation is different in each country. For instance, in the United State the inflation is averagely 3.15% for the month of March and in Nigeria, the inflation for the month of March is 33.20%. Retired people in Nigeria will be more frustrated with inflation than people in the US because that's like 10 times inflation of what US is experiencing and that's bad for the economy, not just retired people that will feel the impact, everyone will feel it.

Either retired or not, high inflation will only frustrate the hell out of everyone, it discourage investors and forced existing companies to closed down because doing business in such places is very bad. You might be making profits but inflation is destroying the value of their currency. By the time you do the conversion back to another currency e.g dollar, you will regret doing business in such countries.
98  Bitcoin / Bitcoin Discussion / Re: Bitcoin becoming Legal tender on: April 16, 2024, 09:37:48 PM

The Government you talk about can give Bitcoin special treatment because it a valuable asset worth investing.


So every other cryptocurrency or digital currency in the world--and every other form of investment known to man--is a "shitcoin"? Is that what you think?

He is not wrong completely, if the government want to used Bitcoin to make a beat, we the holders will dance to it because their conclusions is what gives some people confidence to invest. Look at this way, you think that if the government doesn't want to see Bitcoin around and tackle it, you think the institutional investors will come closers or you think the ETF that were approves will be here today. The government has never been friendly about Bitcoin from beginning else the likes of Blackrock that are here today would have bought Bitcoin when it was cheaper back then, the government lack of transparency made them not to do buy back to then.

About shitcoins, we can both agree that plenty of altcoins that result to shitty has done more harm than good compare to what Bitcoin has done. Bitcoin don't just crash unless something terrible must have happened and the last I checked most of the Bitcoin down fall were as a result of altcoins negligence, 2018 bull run crash was a result of ICO scams, 2020 bull run was a result of Terra Luna and FTX collapse and not just Bitcoin collapse on it own.

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And you really think the government should be in the business of deciding which assets are "valuable" and which are "shitcoins"?

The government can't but decision on any market can influence such market, if today they don't want any asset to remain on the space of Ethereum blockchain, trust me man they have the resources because it's more centralized but Bitcoin isn't possible but can affect the price movement, that's what government power can do.
99  Bitcoin / Bitcoin Discussion / Re: Will increasing banking restrictions lead to a rise in P2P transactions? on: April 16, 2024, 09:12:57 PM
I keep reading about bank accounts in the UK, US and EU being frozen due to crypto associations. This is concerning me, and I am reluctant now to use any exchanges to purchase Bitcoin. However, I am happy to purchase crypto via P2P transactions. These can be either cash payments in a face-to-face meeting, or by bank transfer to a trusted person's personal account. Will this be the future of Bitcoin for us mere mortals, or will sanity prevail and allow us to return to using exchanges?

Now, what about crypto-to-crypto exchanges? Will government oversight and intervention restrict those. This could lead to decentralised swop services, and surely this is contrary to the wishes of the banking puppet masters?

This campaign of banks avoiding crypto transactions aren't only in those locations alone, Nigeria has followed the bad wagons and has instructed Banks to closed down any banks associated with crypto transactions. I specifically had some issues with my bank and I was given a form to fill and I saw an option that ask if I do crypto and online gambling. The option specifically stated due to Central Bank new reviews on cracked down cryptk activities, they have the right to close down my accounts and I just select NO because even if I do, they don't expect me to admit.

P2P transactions are actually on the increased but then again to show you that Nigerian government is not playing around with crypto transactions, they have force Binance to take down P2P for Nigerians and NGN other trading pairs. They have also ban Binance from web and other crypto exchanges like Kucoin, crypto dot com, and Coinbase including Blockchain Explorer, the government is sick to be sincere.

With all these campaigns and ban, most crypto traders are now used to sending crypto funds through banks and yet no one will ever know about it because they don't include crypto in the transaction reference, what they do is just to add the sender name and everything is good to go.
100  Bitcoin / Bitcoin Discussion / Re: Has BTC really become more attractive than gold? on: April 15, 2024, 08:44:52 PM
I would say yes, it's becoming more attractive in this recent years if you check its performance over the couple of years and comparing its performance with Gold existential, and if you think of the market cap and what the price would be if it eventually reaches the market cap of Gold, and furthermore, if you look at the monetary problem that Bitcoin have come to solve, and its true decentralized nature and the fact that it is deflationary, no one would ever kick back at Bitcoin, So I believe this is what institutional investors have come to realize about Bitcoin and that's why we've beginning to see more interest on Bitcoin institutional side.

The ETF spots are been approved in developed countries like US and China, it's now a attractive assets to even many institutional investors but there is no his character of Bitcoin I want it change badly, other traditional assets pump with high volatility but they ar  been careful on how they crash but bitcoin is both side ways, the way it pumo is the same the way it fall if there is any bad news, if that can be reduced or of its a manipulation, the exchanges should find a way to reduce them because they gave the platforms to them to play with the way the want.

The market of Gold you mentioned isn't a smaller one, it's probably around $15T market cap and when I see Comparism of Bitcoin to other assets that are large in market cap, the next question that comes to my mind is where will they see such kind of liquidity to make Bitcoin that big unless if  more institutional investors with billions sitting around the corner buy more Bitcoin, only retailers alone can't make Bitcoin to that level and even if they do, there will be sell off.

We also need the government to stay away with all their shenanigans, they scare investors anytime they become tough with Bitcoin regulation most especially the US SEC, other countries are always scared of US when they are involved in anything related to Bitcoin.
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