Bitcointalk username: odohu
Forum rank: Full Member
bech32 address: bc1q33lqka5f3g2easxykrm4wwkh0cmrd8zv42n9l9

How do you factor I risk to reward ratio with single bet option? What has been your win rate? Do you consider it profitable on the long run? I do believe that gambling requires strategy thats why I use the bet builder and focus in winning one bet in at least ten bets and this covers all the losses and still keep me in good profits.

There are other factors I do consider too which I might not be able to detailed here. So far, it has been working for me and that's the most important thing.

What I see is a deliberate attempt to spread fud with the aim of discouraging more buys so price can give them a discounted entry. I know JB Morgan have interest in Bitcoin even though they have not had the boldness to come out openly. The rally they referred to actually caught a lot of them unawares and also show them that Bitcoin is not to be written off as most of the big cooperations are making people think.

They will continue to be wrong as far as Bitcoin is concerned and soon they will realise that "if you can't beat them, join them"

I was thinking in this direction but there is no substantive evidence to support the claim. When the erroneous tweet by Cointelegraph came out, market responded vigorously leading to a gain of over $5k with few hours before the news was debunked and clarifications made that saw price drop abruptly. This is much of the effect I know the ETF news had on the Bitcoin market. After few days the market rallied and even exceeded the price the ETF news took it to. So I will not assume the news of the ETF is entirely responsible for the gains recorded in Bitcoin price recently... there should be other factors which are yet to be clear.


There may be exception this year unless perhaps, the ETF applications get rejected which will send a shock to the market. However, should the ETF get approval by January 2024, we might not see any serious dip prior to the halving. Nevertheless, it is always safer to keep an open mind and watch the market do what it pleases even as we prepare for whatever be the outcome.

$1.7k drop in price is not what I consider a major dip for a volatile asset like Bitcoin, however, any price below the ATH is still a good entry point for me. The problem with buying the dip is that at the point we are now, it is not clear if price will drop further or continue to uptrend that it has been on for weeks now. For those who buy the dip and hope to profit on the short term, they might enter and price drop further thereby putting them in a situation of anxiety and worry.

To be clear, even though I don't consider this recent drop as the dip, I still consider the price a good entry point because, to me, buying anywhere below the ATH is still perfect entry for me. I think my view also agree with the caption of the thread because every point at this moment is a dip, hence we can buy as much as we can at this moment.

I actually have been using the DCA method for some months now and so far, it has been a wonderful journey with my portfolio in net profit because majority of my holdings were bought below $30k.

Recent developments have brought some form of uncertainties regarding the future of Bitcoin. Consequently,
several posts have been raised to that effect yet they are left with no clear answers. If we were to go back to the roots, Satoshi himself would have been in the position to answer some of the key questions such as:

1. The fate of Bitcoin as regards to high fees when the block reward gets to zero

2. If He envisaged things like Ordinals being launched on the Bitcoin Network.

3. If he actually projected mainstream adoption of Bitcoin in term of the features of Bitcoin such as speed, security, accessibility as cost effectiveness, base on present realities.

There should be others so I feel we can make this a discussion while I expect answers from those who have.

Are you then confirming that the fate of Bitcoin is high fees? My answer is yes, not immediately but it will eventually get their. Mining is a business and all businesses thrive on profits. When block reward hits zero, miners must find a way to remain in profits as without them there will be chaos.

I don't know if this was set out ab initio by Satoshi himself, and if that be the case, it makes the whole thing complex. How do we push for mainstream adoption of Bitcoin when the fees sending a Bitcoin transaction is triple that of conventional payment system? How do one opt for Bitcoin transaction when it takes days to settle payments if the high fees are not paid?

There are many things that are not so clear about the future of Bitcoin

The event is available in several betting sites such as Sportybet, MegaPari and others. MegaPari accept crypto deposit and withdrawal.

However, the odd for the two platforms I check is about 1.64 which is far less than what flashscore is giving. Maybe the odd is reducing upon the perception that the game will play. I will check to see if to join you and play the game too.

I don't think this one is the reason the Naira is strengthening against the dollar. The Naira gain is as a result of massive influx of dollar into the market as a result of CBN directives to clear foreign-direct contracts that were long overdue. These contracts involved big fish like Tony Elumelu, Dangote and others and resulted in poor flow of dollars. Since they were mandated to pay back their dollar, there was sharp increase in supply of dollar hence Naira had to strengthen... simple demand and supply theory.

This is rhe right thing to do and not to stop old notes when the new notes are not available, exactly what Buhari did and scattered the country.  I remembered that President Jonathan redesigned the Naira note several times yet we never noticed because he never stopped the use of the old notes but only directed banks to retrieve and stop issuing them as well.

I'm happy this new administration is not adding to our suffering with their policies like the last administration. Even though we are yet to see much improvements in the key indices of development, the suffering should not be worse than they met it else people will go into depression.

I'm really happy to know that a cooperate organisation will accept to pay workers in Bitcoin even though it is a remote job. This is in-line with the reason for the creation of Bitcoin itself. For a country like mine where there is no tax on Bitcoin, it will be a major deal for you because you will be taking your complete money home without paying tax, I know it might not sound nice to some patriots, but then, anything that can add more money to our pocket is a plus to us provided it does not contravene the law.

Bitcoin has actually made life easy by offering a whole new dimension to cross borders payment

When I saw the post I thought your aim was to find a way of earning more Bitcoin just like people earn when they stake their tokens. This response narrowed your post down to psychological challenge. Well, I will suggest you go back to why you even started your Bitcoin journey.

If you still panic when price of Bitcoin is dropping,  most likely you are overinvested in Bitcoin and that is an error. You are expected to only invest amount you are not in urgent need of, amount you can leave for years and still live your life normally. Make the necessary adjustments and have peace of mind. You can adopt the DCA method that takes care of this emotional burden.

Every true Bitcoiner must give Bitcoin a chance to grow by developing a long term perspective that should withstand the periods of consolidation and corrections.

This is an old format that scammers use with the intention of gaining the trust of their victim before scamning them. I usually see it in Facebook and how this work is that they will hack several Facebook accounts, then use one account to make the proposal then several accounts to share testimony of successes... same person or group of persons controlling all the hacked accounts. If you are not smart, they might convinced you into thinking that it was a genuine offer only to find out when they are done with you.

Their targets is usually to steal your money or sensitive information and where that did no lt work, they will attempt to hack your account.  Like you said, trusting random people offering help in the internet is dangerous.

Let's be specific, which of the altcoins yield more profit than Bitcoin? If I remember correctly, the profits of altcoins are more when you buy at the early stages not when the market is already saturated, so are you suggesting we invest in ICO? If yes, do you realise that more than 98% of token fail? Is that a risk worst taking?

What's the difference between this suggestion and gambling? I don't think it is wise to gamble with money this way when you can simply accumulate Bitcoin and wait for halving that is happening next year.

Actually, a lot of Bitcoiner with fat portfolios are noisy especially on social media and that is not safe. However, I'm wondering how someone as big as Client Executive of Binance can be private without being known. I serious doubt the possibility.

This is a very important suggestion that will take much of the burden in the Beginners & Help Board since security issues usually take bulk of the discussion. Perhaps you can create a topic about this in Meta so it gain more attention. The ropsed cyber security and privacy board can come as a sub board under Beginners & Help.

In the case of the topic of discussion, I'm of the opinion that
Went too far in their bid to helping their brother. You can't help someone by destroying his name and reputation.  You don't cure an addiction by making it public, that's a wrong approach.

Do you know that even if such person manages to overcome his addiction after the family exposed his problem to the public without his consent, he will easily be reminded of his past by people at any little argument. This will immediately make him depressed and remorseful. 

While family help is important, the approach must be carefully chosen to avoid creating a bigger problem while solving a problem.

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.

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.

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.

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).

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

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.  

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"