The idea that Bitcoin is risky is what I find so confusing. In what ways do you think Bitcoin is risky? If you invest in real estate, you will give it some years before you break even. But if the investment is in Bitcoin, the profits will be expected within a short time... why the double standard? Since the advent of Bitcoin, anyone who invested in Bitcoin and allow a period of five to ten years is surely in good profits, where then is the risk?

The post gave a good example of the risk associated with real estate that was never envisaged. That is to show that even though Bitcoin is erroneously assumed to be risky and real estate safer, the reverse might actually be the case.

This is true especially those that knew when it was $16k and lower prices. Another thing is when they notice that the market have been moving up consistently for days now, they might be tempted to just put in money, make profit and then get out. Indeed, there is no difference between this and gambling. They often finally make the decision when Bitcoin is about to retrace and that is where the pain comes in intensely.

There are also many skeptics that do check the price of Bitcoin once in a while to know if they should be happy they refused to invest in Bitcoin. When the price goes lower they celebrate their supposed wisdom but when the price rises, there is this regret and pain they feel that they will never share with anyone. I knew this because I have seen few of them.

We are happy to have a thread like this one where various methods of Bitcoin accumulation have been discussed with emphasis on the DCA method that is suitable for majority of the people.

That is the problem! They don't put these conditions during registration and anywhere in their terms and condition. It is usually conjured during withdrawal of huge wins. Maybe they felt no one will win such huge amount, hence the reason they never bothered to add those conditions.

It is really a big weakness on the part of those casinos and I don't know if there is any possibility for gamblers to seek legal action against them regarding this supposed sharp practice. 

I have noticed that the number of panic sellers are steadily on the decline, maybe the fud about Bitcoin being a bubble, and bla bla bla are all dying. People are now waking up to reality that Bitcoin have come to stay. Recent findings shows that a lot of Bitcoin are stashed in various wallets and not being traded frequently.  This shows that Hodlers are seriously on the rise.... this is expected though because Bitcoin have proven to be resilient and reliable.


You are right on the aspect that we are not yet in the bull market. The recent response of the market demonstrates how rapid the bull will dominate when there is a favourable fundamental.  Like I always say, Bitcoin have been so nice and considerate for those who are willing to take the chance, it offered us too many opportunities to secure as much as we can at good prices.

The behaviour of Bitcoin this year is actually wonderful and suitable for any type of method of accumulation... I don't think there is anyone employing any method of buying that will saw he had a problem.

It is expected because from past history, Bitcoin have always recorded good gains in October.  This year just confirmed that with the signs of the bull gradually dominating the market.if history is anything to go by, we will surely end this month well and those who bought this year will all be in profit.

From all indication, the bull run is upon us. History might just be getting set to repeat itself. Well, it is too early to conclude, but the market has shown great reluctance to go lower.

Indeed, coming weeks will really show the face of where we are going and I am optimistic we are on the right track. The moment the $32k resistance is shattered, the coast is clear for a decent sail towards the north. 

By population wise, Singapore is a small country as someone presumed it would be insignificant. But what I feel is that if Bitcoin is deeply rooted in Singapore with attending successes in various businesses that integrated it, other progressive countries will follow that direction and that is good for Bitcoin.

Sincerely, if Singapore joins El Salvador and Central African Republic,  it will really be something to celebrate because it means Bitcoin is truly make its way into the mainstream.

First, any casino that do this is not to be trusted and the intention might likely to deny you the money or make the conditions a little difficult to check if you will give up on the funds.

Personally, I will submit the documents and do the KYC, provided I will be paid my winnings. We do KYC for minor things talk more of when $70k is involved. I know there are people that will think twice before submitting  such KYC but I don't belong to that category because the amount involved is huge and it is my wish I get to such a situation.

When using the word "cryptocurrency " please be specific so you don't mislead the uniformed.  In other words, Saying that cryptocurrency have outperformed most asset classes is actually equivocation because many people have be wrecked by cryptocurrency.  This is why it becomes very important to be specific when using that term.
If you say Bitcoin have performed better than stock and many asset classes, it is understood because that is the fact.... many people have had their lives transformed through Bitcoin. On the other hand, Luna and other cryptocurrencies that failed, have destroyed many lives.

I will encourage anyone willing to start building their portfolio to consider Bitcoin that is the pioneer and most reliable digital currency.

It makes sense to me now because I couldn't understand the angle he was coming from. Obviously he missed buying Bitcoin when it was cheaper, now he is looking for a way and people that will join him in spreading fud so that the price cab dump for him to buy.
The forum is actually a good place to recruit agents for that misinformation but what he forgot is that many people have developed thick skin as far as Bitcoin is concerned. More people are already well positioned for what is coming.

Inasmuch as I wouldn't want to get involved in a sensitive discussion such as you have brought, I don't really know how the entire Arab people dumping Bitcoin will lead to price rise. Beside, do we really need people to sell their Bitcoin or we want more people to get involved? I am really seeing some contradictions that need clarification in this posts.

This is called apprenticeship and every tribe have their own version of it. However, the style the Igbos adopted is more effective and produce greater result than others practiced elsewhere.

I don't know if the apprentice pays, how I know it to be is that the apprentice (in their youth age or even children) are given to their master to serve them for certain number of years without payment... at the end they are taught the trade of the master and upon completion of service, the master will settle them by either giving them money to start up the same business or setting up the business for them including giving them the contacts and connection that will help them succeed.

This model actually play a huge part in making the Igbos very rich and prosperous with the money spread among them and not just in the hands of few.


I agree with you that this will make good impact if looked into. I understand that there is a growing interest in it already both home and abroad; in the near future,  we expect some good news to that effect.

Omo survival instinct no be your mate o... everything don cast so bride price gat follow them. Like this now, I dey pity people wey never marry o because from rice to meet to wedding gown and down to drinks, everything don cast. Now come add bride price wey them don remove subsidy untop.... omo people go either turn reverend father or marry for credit later them pay.

Well, if it is in the aspect of being in net loss, I agree with you, and my response did not really cover that. The bookies are generally in profits as the odds is in their favour else the companies will collapse.  But for those who never won yet continue to gamble, that is an error.


A simple self appraisal will easily show them that gambling is not for them... they should find what they are good at and stop wasting their money. Gambling is serious business and not something that depends on luck entirely. Hence, it is either they change their strategy or quit. Do you know the pain of putting in money continuously without getting anything in return? It damages the mental health so the best is to quit and look for something else.

The challenge with seeking the bottom is that there is no technique that is accurate in predicting what the bottom is. If you remember, just few months ago Bitcoin price was stuck around $29k qwhich made many people assumed that was the bottom. Many bottom seekers went long in line with what you have said. Little did they know that price will dip lower to even below $25k thereby proving once again how difficult it is to determine the bottom.
I was actually tempted to go all in that period before I learnt DCA and setting limit orders following conversation in this thread and WO. I have to spread my position to lower prices and when the dip finally happened, most of those positions triggered at lower prices thereby giving me more Bitcoin than I would have gotten.

Now I apply the DCA completely and I hardly pay attention to the price, the dips, news or whatever... I just buy the amount set aside for Bitcoin. This truly brought a whole different feeling and peace.


I can tell you for a fact that the DCA method is always a good strategy irrespective of the market condition. The advantages far outweighs any disadvantage you might envisage. Just know why you are buying Bitcoin and allow DCA help you achieve your target with less worries.

So far as the fund is passing through CEX, it is possible to seize them. To cash out cryptocurrency, you need KYC through which the identity of the user is known. It is just a matter of running background check on the user to check their activities and affiliations. 

As soon as the details about the user are gotten,  Isreal through the West will act through the exchanges since they control the global system, no body want to be in their bad book.

Are there really people like that? It seems strange to me that someone will continue in gambling when failure is experienced in every gambling activity. That does not seem reasonable to me. Maybe they have had a major win before the series of losses....

I think many people will prefer casinos as it seems easier to win than sport betting that Red card can spoil the outcome of the match. Considering that he has limited resources, dividing the funds might not really give him the results he expect.... so I will suggest he look inward and check which option gives him greater peace and confidence as regards his target.

Buying at once seems more favorable for those who have bulk capital and have already made up their mind to invest same in Bitcoin. They don't see any need keeping those funds or employing DCA since the fund is readily available. This is not a bad strategy provided the intentions are to hold for long to be able to realize profits. Unlike this method, the DCA seems to be more of a continuous process that is suitable for those with a predictable cash flow system of which certain part will be set aside to invest in Bitcoin. Both approaches or a combination of both is not bad because the target is to build a Bitcoin portfolio that will be preserved for the future.


I am also using the DCA method as well and I can say I have not seen anything like it before. It is easy and convenient to apply, enabling me build a portfolio I never thought I could have because there is no way I can save such amount of money at once.


For weeks you could not buy due to constraints like traveling or work, you can use the following week to cover that by buying twice the size since the funds for the DCA has already been budgeted. You don't have to start all over again because of a little constraint. This is what I think unless there another way to it.

Peradventure we enter WW3 following recent happenings, we might need something to protect our treasure from bomb 

I a kind of agree with you that those protections are not really necessary; there is no need complicating things.

I'm glad you are able to corroborate on my earlier submission;  I have been following Australian government policies for a while and I know how they subtly bring regulations that look good on the surface but with clandestine motives that is not far from control and censorship. Several companies that I know have been badly hit by such rules and those that have their headquarters there have to make changes to their conditions of service that it even affected those outside Australia.

I know they will have a hard time with Bitcoin and cryptocurrency in general considering that many people are opting for DEX over CEX. Well, in the near future, many things will become clearer.