I greet ona o. I just dey reason how many coin don surface for air after bitcoin. So many of them don fall finish. If you go coingecho or any crypto website, you go see say na everyday coin dey enter market and naso them get short life spam. People wey never know wetting the happen go dey buy am dey Happy say there future don bright not knowing say na junk then they buy. Tera Luna and FTT coin show people shegge and other ones wey I no no. Now people come dey realise say na bitcoin be the Koko. So I come they think wether na these things wey happen to people naim increase bitcoin adoption pass the way e been dey before or bitcoin for just grow without these things wey I talk.
Abeg make ona shear ona idea on wetting ona think dey increase bitcoin adoption
I been make one post like that for the Bitcoin Discussion board where I said that it is Bitcoin and nothing else. Omo my experience with shitcoins no be wetin I go wish my enemy self. Na the hard way I take learn say Bitcoin na peace of mind. I been dey think say person fit make plenty money from some kind coins them but before you see those coins, you fit done lose wetin no good. Anybody wey dey start this journey should focus on Bitcoin first because those plenty other coins them na trap. Them dey suck your money blow you breeze like one bad rat like that. |
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Bitcoin is king because :
1) It was the first crypto coin. People associate crypto with Bitcoin. Bitcoin was not the first crypto coin to appear, but Bitcoin was the first crypto coin that succeeded in capturing a lot of public attention so many people thought Bitcoin was the first. The first cryptocoin was eCash which was developed by the DigiCash company in 1990 https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/Thanks for sharing this information. Before now, I never knew that there were cryptocurrency before the creation of Bitcoin. Now I know better and one thing that stood out is that fact that Bitcoin is the oldest surviving cryptocurrency as the others died according to the source you gage. While not the first cryptocurrency, Bitcoin is the oldest surviving one as it was released via a whitepaper in 2008.
Base on the above, the caption is not out of place, Bitcoin still remain the king. It drives the entire market and also have wider acceptance which is still increasing everyday as seen from the Bitcoin dominance that is above 50% as of today. |
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Sometimes our approach towards investments could be our greatest fall because when you have a predetermined negative mindset about a certain investment, you definitely will approach it wrongly and may possibly make mistakes you may have to learn from the hard way.
Talking about approach I believe the phrase "HODL WHAT YOU CAN AFFORD TO LOSE" should be a guide when investing in Bitcoin.As it would go a long way in preventing trauma which may be caused by possible fatal losses especially when investing in shit coins. Bitcoin still remains the OG of the crypto space so it's never a bad option to invest in it. Someone suggested that, when it comes to investment in Bitcoin, using the word "invest what you can afford to lose" is not too suitable and makes it look like Bitcoin is gambling or some sort of unserious business. According to him, the phrase should be "invest such amount you can hold for long, at least five to ten years". I tend to agree with him because if we maintain the phrase of what people can afford to lose, it means low income earners are not supposed to invest in Bitcoin because I doubt that they have some money they can through away even though they can afford to keep small fraction of their money in Bitcoin while expecting it will become something worthwhile in the future... this can be some sort of motivation. The various methods of Bitcoin accumulation being discussed so far are all aimed at encouraging people to invest some fraction of their money to save for the future (HODL). |
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How do I take advantages over the gambles while I am not gambling anymore?
I tend to invest in the gambling. How?
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of funds and willing to bet more if they have more money.
I tends to make this a deal with interest charges with concrete agreement to be secured and I will be opened to also accepting collaterals.
I verily know that I will succeed more of the inexperienced and those gamblers who doesn't have gambling budgets including those who can't take control over their gambling emotions
I have a colleague that ran this type of business in the hostels during his university days. He was not involved in the gambling but only lend money to the gamblers at exorbitant interest rate. By the time the gambling was over everyday, he was usually the richest among all the participants. As a matter of fact, 70% of the total funds usually ended up with him. I don't know if it is the same model the big casinos use but I see a lot of similarities |
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Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.
This is one of the funniest thing I have ever read. I don't know if the more educated these scientist get, the more stupid they become. The heavy industries in China, the open gas flaring in Nigeria and the various coal and nuclear powered turbines do not cause global warming bit Bitcoin mining farm? These guys are really making mockery of science just the way they did during covid19. Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
I have always known it will come the point where governments will conjure all manner of theories and hypothesis to be fully in charge of Bitcoin and all that has to do with it. Mixers actually make this impossible, hence their outburst against mixers. Before the advent of Bitcoin and tumblers, terrorism have always been financed through the conventional payment systems, NGOs, charity and religious organisations and others. Linking Bitcoin to terror financing is just a case of "giving a dog a bad name in other to kill it" |
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Overtime i see that whenever there is a dip in the price of bitcoin, other altcoins tends to follow suit by also dropping in their prices and whenever there is an increase in the price of bitcoin, other coin as well increase in their value. Does it mean that other altcoins cannot be dependent on their own? Like must the activities of bitcoin affect the alternate coins at all time? I really want to understand why alternate coins like BNB, ETH, TWT, MATIC, XRP, LTC, DOT, ADA, SOL AVAX and so many other alternate cryptocurrencies are always affected whenever there is a change in the price of bitcoin like can't they be dependent on there own? as they are all cryptocurrencies despite the fact that bitcoin is more volatile than the rest of the cryptocurrencies.
You be omo Naija and there is a popular saying that you should "follow who know road". So we fit talk say other coins dey follow Bitcoin wey know road, e no supposed hard you to understand? Even though say some of these coins fit dey gain when Bitcoin dey drop in price, such gains na usually because of hype wey no dey last. Memecoins sabi do that thing wella but many of them dey die as fast as them rise meaning say na busy body them dey do. If Bitcoin no support the move, no put body o, make you no enter one chance. |
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1st... 0.2 btc for free like no exchange offer you that much amount for free..hehe  2nd... they want me to deposit first into their wallet. Maybe after this deposit i would lose my money. My suggestion to you guys avoide these kinds of scam and stay safe.I saw a notification about something like this yesterday, I guess the scammer posted it here with a brand new account of which the moderators have deleted the thread. Anyone who fall for this scam is surely greedy and deserving of being scammed. Who will give you $7k for free just because you signed up in a website? ... that is really funny! As a guide to all, "if it is too good to be true, then it probably isn't ". |
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What percentage of bitcoin investors are gamblers ? Where will this figure be if we consider worldwide users ? I think it will be somewhere between 10-20% ? Also, it is possible that most of gamblers are still not bitcoin investors ? I see less chances of the later happening.
Most people who hold Bitcoin,the majority of them are sure gamblers.The reason is simple,the gambling industry being the most widely accepting Bitcoins as a form of payment and only few other industries are as open as gambling platforms to accept cryptocurrencies in general.That is why I think it is in the 70-80% of the users not just 10-20% as most people who hold a large amount of Bitcoins,also have some set aside to entertain themselves and what better way than gambling to have some fun. I don't know how you arrived at 70-80% of Bitcoin holders being into gambling, there is no source for that information and I feel it is completely wrong. Holding Bitcoin and being a gambler are two different things. No doubt integration of cryptocurrency payment has helped in the proliferation of gambling platforms and also make a lot of people to start gambling, that is not enough reason to conclude that 70% of Bitcoin holders and into gambling. In my country for instance, crypto gambling is not a thing and the percentage of people using such platform is minimal compared to the numbers holding Bitcoin. Gamblers are many and are mostly using conventional payment systems in doing their business. Similarly, Bitcoin holders are many too and are not much into gambling. Many of the people that are using crypto for gambling are not holders but can be regarded as users because their winning are easily converted to the local currency via Binance P2P. Investors are people who invest in different businesses and I doubt Bitcoiners are also investors.
You need to add more clarifications to this. Investing in one business also make you an investors. Many successful businessmen are specialised in one commodity, why can't you calk them investors? Because they do not invest in many businesses? Bitcoiners who bought Bitcoin are also investors because their committed their money in the expectation of some profits. |
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If to say I be girl, this your post for make brain wella because the the job for be how to just find one honourable and piam, I don enter Dubai go flex. Unfortunately, I be man so e never enter my head how I wan get an all-paid trip go even if na Benin Republic.
Another thing we enter my mind na when I still small, then person fit carry me say make we go on trip no be now wey I be adult and according to that song "Adulthood na scam" by Omolade, nothing come free now o.
Make I carry chair sit down dey wait for people wey know somebody wey know another person wey sabi the politicians make them come tell us how them dey run am take travel for free unto say another person or people don pay everything.
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The question is how exactly does bitcoin obey the bear and the bull seasons. Because I have come to realize that after some certain number of years bear season will take over and same goes to bull season. Does it mean the same people that has been investing in bitcoin in the bull season take a break from the bitcoin investments and this makes the prices goes down for the bear to return or is there something that is build in the bitcoin blockchain that makes it obey these two seasons naturally?
You are attempting to separate Bitcoin from the seasons you talk about as if they exist independently. Both bull and bear seasons apply to Bitcoin and simply mean the market condition for a particular period of time. When we say a bull season, it means for that period of time, the bulls (buyers) dominate the market and the price will continue to go higher. On the other hand, bear season means that sellers dominate the market and price continues to go lower as time passes. If at any point within any of the period, market reverses and continue to move significantly in the opposite direction to the prevailing direction, then we have a reversal or transition from bull market to bear market and vice versa. The key point to note is that it is the state of Bitcoin that determines what season we are in. The season does not exist independent of Bitcoin but Bitcoin price movement will make us call a particular period bull or bear season. There is also a period of consolidation in which the market moves within a range. Such range market is where the market build the momentum to start a bull or bear season. We experienced this ranging market few months ago when price lingered between $25k and $29k. In conclusion, Bitcoin does not have to obey these market season because they are not like the conventional season where we have to change our dressing code in obedience to the demands of the season... It is the price moment of Bitcoin that we call the season. I hope this make some sense to you |
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Very normal thing for a family to do such measures and i agree on some post above that they dont really care on what are the steps or things that they'll be doing as long they could help out one of their members.
Family might not be perfect but we do know on whats the best for us, gambling isnt bad but on the time that they've been seeing that you are really that getting addicted too much because they've obviously see you
that become impulsive into your actions like selling your possession or things just for the sake of gambling then this is a solid indicative sign that you are really that addicted to it.
Family is very important in the life of anyone as they are the people that will support you in time of need. However, it is important to put in mind that family can take the wrong decision when watching out for their own. This very action might not be right even though the intention may be good. The man is an adult and has right to his decisions as much as he should be ready for the consequences for his actions. You cannot change an adult with force, especially when he is not ready to change. The best approach will be to continue to talk to him and appeal to his conscience to see the need to stop and change for God. Another approach will be to inform the people he listens to, those are the people that can talk some sense into him. |
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I'm confused and looking for answers
If you are lonely, can you have interest in gambling simply because of your loneliness?
A feeling of loneliness can easily lead to depression. Somebody in that situation can do anything to feel better; some resort to drinking, some play games and I wouldn't be surprised if some can choose gambling as a solace. So, yes loneliness can be the reason for some people to indulge in gambling and if that be the case, their are chances such person will perform so badly in gambling. This is because the are not with the right frame of mind and that will affect their decision making. How would you judge someone who says they don't gamble because it's fun, is that a sign of a gambling addiction?
I'm not among those who think they can gamble for fun because there is no fun in loosing your money. The winning rate is very low and the only thing that makes the difference is that win to loss ratio for gambling is very high which is as high as 1:10 to sometimes 1:1000. Meaning one win can offset several losses. Gambling is a serious business and should be treated as such and not like some random video game. I saw a ticket of a $100k bet shared here...that make me begin to wonderful who will place a bet of such amount and call it al for fun! |
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This is part of the reason Bitcoin was created, to offer a better alternative to conventional payment systems. Personally, it was the need to send money across borders that led me to Bitcoin because accessing FX for other needs was restricted in my country apart from education, medical needs and some selected businesses. I found Bitcoin which was easier, cheaper and more convenient to use. I am curious to know if (and how much) Bitcoin is adopted in low- and middle-income countries.
People in my country see Bitcoin more from the angle of investment than what it was actually meant for, however, there is growing awareness on the usage aspect of Bitcoin, it may be slower than expected but there is progress. When the Russian-Ukraine war broke out, a lot of people repatriated their money home through Bitcoin. Some that were also stranded were able to receive funds through Bitcoin as well According to these, do you feel like Bitcoin has helped? Do you use it to avoid all those remittance costs?
Bitcoin has helped me and a lot of people I know but the percentage of people using Bitcoin is still very low. Not many people know that Bitcoin is a cheaper option for cross borders transaction. I feel we still have a long way to go. |
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Buying every dip is easy to say, but difficult to identify the dip (for me at least!)
Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!
If you exhibit this character of extreme fear when price of Bitcoin drops, it is a sign that you have invested much more than you are supposed to invest in Bitcoin and that is not a healthy practice. It could also mean that you are not well aware of that price of Bitcoin goes up and sometimes down and never in one direction. Whichever be the case, I think you need to make serious adjustment in your investment approach if you must have peace of mind while being invested in Bitcoin. It is character like yours that have motivated people to start working on different methods of investments that will take away things like this fears. If you spare some time to learn about the DCA method, you will realize the focus is to eliminate the kind of fear that you expressed by allowing you invest just little amount of your money per time and done consistently. When the amount invested is not a huge burden to your financial obligations, you will not fidget when price is going down and you will also be able to continue buying since you are already convinced that the investment will require some time before you begin to expect some profits. I seriously recommend the DCA method for you. |
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I think the Bitcoin market may not go below $30000 in 2023. Currently, since the end of 2023 is just one month away, we can definitely say that the price of Bitcoin will rise upwards. We've seen the Bitcoin market rise rapidly over the past few days and it's not going down much, but rather up. If currently the Bitcoin market can grow further and touch $40k dollars, then we can say for sure that there is a possibility of further growth in 2024.
I was of this opinion before but for the fact that Bitcoin is heavily influenced by news, it is safer to keep an open mind. A single negative news can send the price dropping by over $10k. At present, it is not clear if the much awaited Bitcoin ETF will get approved, if that be the case, market will react rapidly heading south. This is not my expectation though but it is a safe way of approaching the market. As Bitcoin halving takes place in 2024, we may see the market turn somewhat bullish again. According to the current position of the market, we can say that the market will touch $40000 dollars by the end of this year.
Indeed 2024 is an interesting year for Bitcoin and as usual, expectation is high. If by any chance the Bitcoin ETF is approved together with the halving activities, chances are that Bitcoin may record a high that is beyond expectations. |
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It is important to emphasize the fact that with or without ETF approval, Bitcoin will always continue to make progress; this clarification is needed so that those relying solely on it to make their investment decision will have a rethink.
No one can be sure of that, not even you. I had such expectations, but I knew anything could happen. Indeed, in technical analysis, the curve shows almost the same movement and always repeats. In terms of supply and law supply, the development of the crypto industry, even adoption are all supportive. But I still believe that there is still a 1% chance that crypto could go to zero. So at least you have to stay alert. Nothing is certain in a crypto industry right now even though some countries have recognized crypto as a commodity. Maybe you are few of the supposed Bitcoiner that do not believe that Bitcoin will continue to make progress. Maybe you believe Bitcoin will die someday. By the way, I hope you are not mistaking my statement for price prediction? Making progress could be in terms of adoption and penetration such as we have seen in El Salvador and Central African Republic. Anyone in this forum who does not believe that Bitcoin will continue to make progress might not really be a believer in Bitcoin and that is unfortunate. |
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Bitcoin was never connected to FTX as both are two different entities, and representing different interests. It is rather unfortunate that some people might attempt to categorise both as cryptocurrency, hence the reason the uniformed will assume that cryptocurrency is full of scams and risks.
It has become very necessary we make the clarification regarding the use of the word "Cryptocurrency" because it is obvious that Bitcoin usually pays the price for the various scam perpetrated through the various shitcoins.
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While the Bitcoin ETF is a hot topic, its important to realise that Bitcoin's worth and possibilities extend beyond this event. The whole picture counts. Bitcoin is popular due to its decentralised structure and limited supply, regardless of market swings or financial instruments like ETFs.
If we dig deeper, the ETF rejection could just a hiccup in Bitcoin's trajectory. Bitcoin has historically thrived in uncertainty. Bitcoin is a technology, movement, and new way of thinking about finance and autonomy, not just an asset. Holders understand this.
Its critical to comprehend Bitcoin's underlying ideas and long-term vision, but market dynamics and ETF approvals or rejections are also important. Your suggestion to hold on during tough times fits a long-term investment approach. Patience and a solid grasp of Bitcoin's fundamentals often pay off.
You have a very sound understanding of Bitcoin and that I commend. It is quite unfortunate that over 80% of the Bitcoin community rarely see Bitcoin beyond the price and what can possibly make same to rice. Just few people are paying attention to the bigger picture; this is the reason the issue of Bitcoin ETF dominates, Bitcoin halving and Bitcoin discussion across the community. It is important to emphasize the fact that with or without ETF approval, Bitcoin will always continue to make progress; this clarification is needed so that those relying solely on it to make their investment decision will have a rethink. |
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This looks like a leak of the Ledger database, only with the difference that the images of ATMs users are also included here. If we take into account that ATMs are usually the most expensive way of selling/buying cryptocurrencies, I wonder why all these users agreed to such KYC and did not use some CEX where they should still do KYC, but the fees would be many times less?
At first, I felt that Bitcoin ATM I'd one innovation that will Foster greater acceptance and adoption of Bitcoin as it offers more flexibility and accessibility to Bitcoin. Unfortunately, events surrounding the operation of these ATMs and issues such as this one leaves nothing to be desired. Also, considering that the company behind everything went bankrupt, is it possible that they (or one of their employees) actually sold that database?
This is likely the case...it was an easy money for whoever was involved since the company was already bankrupt. This may benthe fate of most platforms hence the reason for my fears regarding KYC. |
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