alright JJG, I get the sharp end of your point now. And about the metaphors  I'll think of something about that.
  There's a question I'll like you to lend your thoughts, something about cryptocurrency diversification and since you have raised the discuss I feel I use this opportunity to ask you for a clarification about it to get your thoughts.

Ii read a comment sometime this year that says investing in bitcoin and other altcoins isn't diversification, as in investing in different cryptocurrencies shouldn't be termed as diversification since they are all cryptocurrencies, that an actual diversification of Investment should be in different lines of businesses, example bitcoin and real estate.

JJG, what do you think?

Why will an experience trader that has been trading p2p before now agree to do a p2p trade out the exchanger she has been using to make successful trades. Never should you agree to trade p2p outside with anybody you don't know despite how much higher the price they will be offering.

Scammers are fond of using promises that are too good to be true is luring gullible newbies, never get greedy always use recommended and reputable channels for p2p. If anyone chat you on binance to trade outside binance never agree to it, you will be scammed if you do and you won't have who to report to.

If this is true about 96% of what we learn from school not used in our everyday real world then there won't be need for the fights  by nations to eradicate illiteracy among their citizens at all levels. Show me a country that is developed in science and technology through an uneducated people. 96% of all inventions we enjoying in our society's is due to education the 4% should be that of personal experiences from live.

The gamblers using maths to combine with gambling to make wealth for themselves the idea is gotten from the education they obtain studying mathematics formula's in school and using these formulas in synergy with their gambling experience to make success from gamble.

Mathematics involves a lot of calculation and anyone can only get it right with these calculation by being educated, an illiterate can't combine maths and gambling together and make a successful results of it, he won't even know where to begin with.

 
without a backed data verifying this it is just a speculation. There may be poverty in the South Asian countries but not in the way you make it seem from your expression of depression making the condition look so severe.

For you to investing in bitcoin you must have a good income flow, and for a poor people like you described them how do they now benefits from bitcoin since they can't afford the money to invest because there's no free bitcoin anywhere.

We have Asians in this forum but you can't tell me that the whole of the people of the regions of Asia are in this platform. Neither is the whole of Asians using bitcoin. If you must know, the adoption over there is still very low you can do your findings.

Op it seems you are the one misunderstanding the entire argument about profit making in gambling.

Yes! People can make profit in gambling if they are lucky. What people like myself is debating against in such arguments is when the word consistent is attached to the  idea of  profit making in gambling. Except the gambler is a cheater or has collaboration with the casino that he should be winning consistently making profits each time he comes around to gamble.

There's nothing like consistent profit making but there's profit making but not consistent... Like how do I have to explain this again.
Of course there are people that have made success in gambling but it wasn't out of a consistent profit making, it could be through a one time lucky big win that became a life changer for them.

The strategies of staying discipline etc etc only help in preventing the gambler from addiction, excessive losses and not that it's an assurance for profit making. You can be disciplined in all ramifications of a healthy gambling lifestyle buy yet haven't made a single win in all your time of gambling. Haven't you heard of stories of gamblers saying they have never experienced a winning before be it a small or big sum, since they started gambling.

I don't believe anyone can make consistent profit in gambling. The profit is possible but never consistent.

It would be advised we all lower our expectations on gambling and accept whatever fortune brings on our path as we gamble.

Altcoins are a distraction for someone that's already invested in bitcoin, it is like having the original of a product and still spending money on the inferiors of it type when you know it can develop fault at any given time as a result of the inferiority in value and standardization of the product.

At first when I started to draw interest in cryptocurrency i started with alts they all didn't end well, the rug pulls were always short-timed, if I had started off with BTC would have had more portfolio in crypto than I do today. The losses weren't funny mate, I know what am talking about. So yeah, it's better to stay focused not considering any other alt.


No doubt bitcoin is potentially volatile with its own peculiar risk and returns but investing (diversifying) in other different projects that's not cryptocurrency is another form of expansion that returns made from there can be utilize into accumulating and increasing your bitcoin portfolio, in my opinion a good diversification can be a supportive ground for a bitcoin investor not to tamper with his bitcoin investment at any  financial emergency storm that might hit.

If the money is there enough to diversify the risk factor shouldn't be an excuse not to diversify. None diversification of businesses is like driving a car on along journey without having a spare tire with you for flat tire emergency along the long.

The word investment doesn't apply literally to altcoins as they are not viable and reliable for long term plan. Altcoins are liken to gambling, so in my opinion it's better for anyone to use the money he's planning on investing in an altcoin to rather use it for actual gambling in a casino, in that case you are conscious that you are now gambling with your funds so it's a 50-50 chance of loss or profit if your lucky.

As the bullrun is getting closer we shouldn't be taken aback seeing some altcoins doing better all in disguise only to carpet flat after many would have innocent invested their money. I bet that many of the altcoins prices won't be rising along with bitcoin when the bullrun eventually kick start, they rather be doing the opposite. I rather be doing my little DCA holding strategy with bitcoin  with the little % from my monthly income while waiting for the bullrun, it better to partake in it with the little you can  than sitting on the fence.

It is funny criticizing the use of centralized exchange but celebrating banks to be their bitcoin holder. The rhetorical question is: who are the CEX? Who are the banks and? Is it not the same centralized authority that's regulating them both? So what difference will it make in terms of operations.

Figuratively, it is like the Isrealites (in the Bible) going back to slavery in Egypt but in another dimension. All what most persons pay attention to about bitcoin is the price, whatever that may occur to affect the price of bitcoin to rise is fine by them, never taken time to contrast if it's in line with the tenets behind the creation of bitcoin - financial freedom and privacy - these are precepts that you can't get from traditional banking system under a centralized control.

I haven't requested for a loan before  from right when I got to the forum till now so I don't know how the loan processes in the forum works for anyone to be granted a loan but generally there must be criteria and rules to be fulfill to be eligible for a loan.

You don't just pop up from a nowhere to demand for a loan and expect to be given, be it $1 you're requesting for, be it he's the real owner of the account or not; equally in the traditional banking system it doesn't work like this. And am certain no one will take him serious to give him the loan he's seeking for. Better to be ignored.

it hàs now becomes a torn in one's side to convincingly know for sure which is a non kyc casino and which one is not. If a casino claims not to request for kyc when in the process of registration they should maintain the status quo of their claim to the end and not when a player made a win after depositing that's when kyc policy requirements are made known to the gambler, for me that's insincerity on the part of the casino.

 There are people that are not comfortable sharing their data and in such circumstance you're forcing them to go against their own policy of wanting to live a private life. If they had wanted to share their data at liberty in the initials they wouldn't be seeking for a no KYC casino to register with. Hiding kyc policies from new intended users is not a reputable way of attracting customers it gives a casino a negative repute after these customers finds out they have been deceived.

just an emphasis on what @mk4 said, for any business transaction to occur there must be buying and selling. If all bitcoiners (holders) had to sell their bitcoin it would be accumulated in other bitcoin accumulators wallets (who are the buyers) . The bitcoin you have didn't fall from the sky to you, someone sold it to you, and by buying it you invariably turned to a potential seller.
Where is this speculations emanating from. Some of us will love to know.

 it is to be expected that people will be withdrawing their funds from the exchange given what happened.  Binance won't shutdown as a result of this present crisis they are facing, even if they do go down they aren't the first exchange to go Bitrex is a fresh reminder but that doesn't mean cryptocurrencies will see it's armageddon, the only cryptocurrency that will be going down with binance is it's coin BNB.

Freebitco is well known for her provably fair gaming system as a casino with prizes randomly won based on gambler's luck, that being said, from I grasp concerning the generosity @Pawanjain is talking of is how out of their own  volition  they (Freebitco) constantly  throw out different prizes for lucky users to randomly win. A habit in my own lens I view as something that gives the community a feeling of a sense of belonging.

I normalize checking my seed phrase every three months in the different locations I have them stored this because I don't want to take chances, people notion about the regular check of our seed phrase may differ and this could be base on where they are stored and how impenetrable. If not for anything, a seed phrase should be stored in a position where only you alone have access into that a strange entity can't access without your consent, and for printed seeds on paper it should be done with an immutable ink hat wouldn't fade off with time.

Our seed phrase is same as our bank account PIN number for transactions and it is what verified you as a real owner of a certain fund that's why the famous  phrase " not your keys not your funds".

Binance is one of the exchange with the largest trading volume of over $70b if not the leading exchange in cryptocurrencies, known for their low trading and transaction fees changes when compared to other exchanges. It  can be argued that despite binance being a CEX it enjoys a bigger trust level than some Dex exchanges and this is as a result of the reputation it has been able to established, preserve and it's pivot role to crypto adoption since it's inception.

Changpeng Zhao made a smart move in the interest of binance and it's community by resigning from his position as CEO giving way to a new era, and with his resignation some tensions and sentiments that are mounted on the company owing to CEO position  might  be withdrawn with a new phase of business for binance.


It is common to see binance users expressing FUD as a result of this tragedy  making rapid withdrawals of their funds, it's a critical moment for the community but saying that binance will crash based on this event is an impossible projection for a multi billion dollars company with such financial details as quoted below (as at the time this comment was made).

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3474400
BSC Address: 0x2B7f5e52949133398eBa761DcC2E668B1f6Bc5E3
BTC Address:bc1qf9vm9mhw0w6a78tv7as0aww47h3zqj5g5zt8yr

You can say that again!

Multiple times this topic has been discussed a good percentage of contributors made it clearly that it's a No for an answer, there's no way anybody, absolutely anybody can make a steady in with gambling.

Be it in sports betting where the assumption is that with a good knowledge of the particular sport and team/league you are betting on, your chances of regular wins against the house are high  great yet no gambler has acquired that regular enablement with winnings it's rather random and irregular winning times.

Never a brilliant idea to take gambling as a source of income, if you must then it should be a part-time thing among other multiple sources of income you have. There's no guarantee in profit making with gambling.

The ending part did delivered the message plainly.
The decentralization of bitcoin is what still opens a window of opportunity for us to take part in the technology today and I'll say same for those persons that will be adopting bitcoin tomorrow too. If a circle of men called an authority were to dictate the price of bitcoin a whole lot of people wouldn't have be able to get onboard as they would have as many times as they want manipulated the price to their gain frustrating new interested coiners.

With the divisibility of bitcoin anyone can accumulate at their own speed based on their income flow without panic. On the brighter side the next halving circle for anyone that is buying now can bring them some profits which makes them not late compared to those that will be buying after the halving, by then the price would have been twice what it is now.

I am tying the knot with what you have said, the purchase of the motorcycle doesn't mean you are going to save from much spending, before we buy anything machine we should take into consideration the cost of maintainance and the necessity of it. How often do you go out? How long is the distance you cover going to work each day?

There are unnecessary movements we make that can be terminated and it will save us money that we would have spend on transportation only. Someone jokingly said, " for this Port Harcourt just the decision to step outside alone nah 5k", it sounds funny but it's a fact. If we can cut some outings, visits, and journeys we frequently make particularly the ones that can be avoided it will save us cost in transport alone. The Nigeria of yesterday is not the one of today.

I agree with you about the variations that exist. Nevertheless, there are antecedents to consider while proposing an aggressive Investment up to a 25% of ones income into bitcoin.

Some with a lofty income but occupied with other responsibilities entangled on him that demands money it is unlikely that he will be capable to make such percentage even after 4 or 6 years invested in bitcoin, and for a college student it is a worse case scenario to assume that they can invest what should be said to be enough BTC as a student.

Majority take it that it is whatever the government is backing that it is genuine thing to be part of without fears, and so for their government not giving bitcoin that support that they had been on the watch for they get skeptical about it. The restrictions and ban policies faced by bitcoin from different countries of the world is part of what is affecting the (increased global) adoption of bitcoin. For those who have heard/knew about it are skeptical to take part and for some others they have no clue of it and are not interested to get enlightened about it because their government doesn't approve of it in their country.

However, the number of adoption all over the globe is not that bad only that the number is not as much as many bitcoiners are exaggerating it. And it's pretty much to note that a greater percentage of entire bitcoiners are people with not much soaring income flow that could have 25% of their income  invested in bitcoin even if they chose to go aggressive about it.

Money is like a child you have to train it well to have a good profit from it. When you often put or spend your money in the wrong places no matter how abundant the money is it will eventually finish and you go bankrupt and next step in maintaining that elevated standard of a lifestyle is by auctioning a few valuable properties you have, and many gamblers are hooked in this nest.

Silly when I see gamblers spend their winning money anyhow and when you attempt talking to them about it they tell you that they're going to have another win again so let them spend this very one, forgetting that there are some gamblers like them in the queue for luck waiting for their own turn to have a lumpy win too.