I had a terrible start with Bitcoin and if not that I knew how helpful Bitcoin can be right from the beginning, I wouldn't be close to Bitcoin ever again. When I started, it was difficult buying Bitcoin due to FX restrictions in my country, so we relied entirely on third parties which are individuals that had found their way around it. Scammers seized the opportunity to deal with us ruthlessly. I fell into the hands of scammers on many occasions, loosing various amounts of my hard-earned money. I'm just happy I did not quit then.

Fortunately,  I'm not struggling to forget the terrible experiences I had joining Bitcoin... I have already forgotten them and moved on. There is a saying that "whatever does not kill you, only make you stronger". Perhaps those experiences form the basis for my trust and confidence in Bitcoin.

This reminds me of the dark days when the Central Bank of Nigeria directed all banks to close the accounts of people dealing on Bitcoin. It was not really easy being into Bitcoin and many people were actually scared. Even though they implemented this policy without any legal or logical justification, several people were actually affected. But like they say "where there is a will, there is a way" , this policy did not stop us from using Bitcoin... we just found a way around it.

I remember that Binance, Kucoin, NairaEx and many other exchanges were handy for Nigerians to use and Bitcoin penetration even grew during same period. Their attack on the Bitcoin community created some form of publicity and many people joined after making some inquiries about Bitcoin and how it could help in a failing economy like that of Nigeria. Well, it is a thing of joy that the present government have relaxed those ill-conceived policies, hence the latest explosive interest in Bitcoin by Nigerians.

The only difference between Bangladesh and Nigeria then is that the former placed a legal ban on Bitcoin while the later did not have any legal backing for attacking people using Bitcoin... I can just say it was an expression of fear of Bitcoin and also their way of discouraging people from getting involved.

The first thing anyone venturing into Internet related business should learn is security. By security, the issue of centralized and decentralized platforms should be taken seriously.  This hack have just proven once again that centralized platforms are not safe no matter how one view it.

I honestly wonder how someone will save sensitive information in am online platform. Anything connected to the Internet is already at risk, how much sensitive information that are willingly given to a third party.

Well, their loss is a lesson to others and I hope they recover the funds.

I don't know if this is the right place for this topic as I'm struggling to wrap my head around it.

Anyways, are you aware of the issue with MFF? They were reported to be a ponzi scheme thereby leaving many thinking that other propfirms are just like that.  That issue sends a very bad signal about propfirms. I learnt they have a pending legal case which I feel the outcome will determine the fate of the other propfirms. Nevertheless,  FTMO have been in the business for long and have earned a good reputation.

Many people including me is applying the DCA method so the accumulation is a continuous process. Bitcoin have been so nice by presenting us with many opportunities to buy.



I do not actually see any terrible thing that could happen imminently. Maybe the postponement of the Bitcoin ETF approval. This might actually cause some declines but since we already have the Bitcoin halving on the pipeline, huge declines may not be experienced. Interesting times are ahead for Bitcoin and it can only get better.Anyone still doubting should check recent market behaviors.

Anyone who ignores his health because he want to make investment is somehow saving the money for his burial! It is as simple as that. Before investing in Bitcoin or any other asset, you need to ensure your health is well taken care of so that you will be alive to enjoy the fruits of the investment.

There is a tendency for a lot of people think that there are somethings more important than life. This is a major error because like they say, every other thing have duplicate but "life do not have duplicate". Every other thing depends on it. By the way, if one invest in Bitcoin without first taking care of his health, it can get to a critical point where he has to sell even at a loss to be able to attend to his health that might have deteriorated.

In summary, investment is good but priority places health over everything. 

The percentage depends entirely on the income level of the individual as there cannot be a general rule for determine the percentage of income to set aside for investment. For those gainfully employed using my country as a case study, living expenses is not more than 20% of the total income so someone can even allocate up to 50% of their income to Bitcoin and will not be affected in any way. unfortunately, not everyone have this kind of job or business. On the other hand, there are people that their total income do not even meet their basic needs, this makes it practically difficult making investment when basic needs have not been met. Finally, the average people can allocate as much as 10% of their income and still do well with other needs.

Different people with different appetite as far as investment is concern and what governs the general approach is the target. If you target to accumulate a certain quantity of Bitcoin in like five years, it becomes easy to calculate your income and how much you can set aside to buy through the DCA method or any other method that seems convenient for you. So, the target, conviction and faith in Bitcoin are some of the things that determine the percentage of income to be allocated to Bitcoin provided basic needs as well as provision for emergencies have been made.

This seems to me like a mixed up or something close to that. The technical aspect of Bitcoin is totally different from the investment aspect of Bitcoin and both require different approach as well as psychology. The technology behind Bitcoin is easier for those who are tech savvy or have committed so much time learning it while the investment aspect resonate more with those who understand how to create and sustain wealth. The later sees Bitcoin as money and pay little to no attention to the programs or code behind it.

Let me draw your attention to fiat payment systems where people use cards implanted with chips. More than 90% of the people using these cards do not know the tech behind it neither do they understand the electronic circuit configuration of these cards. The best they know about these cards is how to protect their pin, and other sensitive information as well as the physical cards. This is like the basic knowledge of Bitcoin... how to buy, secure and protect the wallets.

Like many people have already commented here, investment in Bitcoin does not require so much knowledge of Bitcoin... just the basic knowledge. Meanwhile, being too knowledgeable in Bitcoin without actually investing in Bitcoin make you somehow incomplete as you will not fully appreciate the practicality of the knowledge you have.

I am as surprised as you but I don't want to believe that the match was fixed. Ngannou did served Fury some hot punches.  Assuming it was UFC fight, with a kneel kick from Ngannou, Fury would have landed in ICU already.

Now there are speculations that Ngannou is planning a match with Anthony Joshua. Even though this has not been confirmed, if it ever happens,  I smell a rage filled match that will see Ngannou unleashing hell on Joshua in other to save his career.

I hardly make any withdrawal from welcome bonuses, and I am not a lone in that. I don't know if it is a psychological thing, but I tend to be too reckless with bonuses and easily waste them away without any form of caution. Therefore, my choice is loyalty programs.

With a loyalty program in place, there will always be incentives for joining and helping the online casino grow. It gives a sense of ownership because if the casino succeeds, the users will, so it is a win-win for everybody.

You cannot heal from pain by venturing into gambling,  you will loose so much that you might be depressed. His wife leaving him has had a great effect on his mental health , his focus should be how to get his mental health back and not to complicate things. It is urgent for him to seek the services of a therapist.

 Gambling requires a stable mind as much as it requires luck.  Financial decision making is something that should be made with a clear and undistracted mind. Hope he bounces back soon and become the best ge can be.

You get luck say them no scam you o. Wetin I take eye see untop scammers ehhh, I no fit share am finish. Na only WhatsApp them no scam me but I don collect woto woto from Facebook and Telegram. If I dey see people wey dey join Bitcoin now, I dey envy them because the road don soft now... the various formats of scammers don cast finish so them no fit get those terrible experiences wey we get.

The major challenge now na hackers and phishing... those people dey worry wetin no good. Make we just dey careful because the street no good at all.

There are still many grey areas to accepting Bitcoin by businesses. From what I have seen in my country, it is easier for holdlers of Bitcoin who also own businesses to accept Bitcoin than those who are not already into Bitcoin and need cashflows for their day-to-day businesses. At the centre of these challenges is the volatility like you rightly stated. Many businesses are not just comfortable with the volatility of Bitcoin as it distort their financial projections and balancing of books like in weekly or monthly basis.

The aspect of taxation is a kind of complex and various across various jurisdictions. 

In April 21, 2001 Alf-Inge Haaland, the father of Erling Haaland, who was playing for Manchest City,  received one of the worst injuries of all time from Roy Keane of Manchester United.  As a matter of fact,  many people are of the opinion that this injury ended his football career.

Fast forward to today, his son Erling Haaland is now a superstar in Manchester City, the club from where his father retired. From recent matches between Manchester United and Manchester City,  it is looking like Erling Haaland have come to revenge his father's injury. We can see it in today's match where he has scored the two goals of the cities and still showing willingness to score more.

Do you think it is possible that Haaland is on a revenge mission against Manchester United?

This reminds me so much of my academics years as an Engjneer. We had theoretical classes and practical classes to put to practice the theories we learnt. The theory forms the basis and gives life to the practical, the later being what people actually see. This can be likened to knowledge of Bitcoin and investment in it. While the knowledge is the theory, investing and holding Bitcoin is the practical... both goes together. But the investment is what people actually see, it is like the result of the knowledge. 

If you are so knowledgeable about Bitcoin yet you don't own Bitcoin, I doubt if there is anyone that will take you serious when discussing Bitcoin. Instead those who actually own Bitcoin will be treated as authority in that field and given listening ears when they speak.


This is another aspect of this I just realised. There is a popular saying that "where your money is where your mind is", this means those who are invested in Bitcoin will take the knowledge aspect seriously than those who are not. By this I mean, one tend to seek for more knowledge in a business he has committed his finances to.

The knowledge of Bitcoin is a continuous one as many new things are still discovered on daily basis. From software wallets, hardware wallets, mining tech and others, the knowledge is evolving and those invested in Bitcoin will not want to be left behind. So, truly, investment in BItcoin is the real proof of the knowledge. 

This matter tie wrapper my brother. The thing be say, religion don do a lot of damage in our psyche here. We tend to be more religious than even God that is why we put everything intop spirituality. See as the country keep face, God give us everything as a country yet we allow the worst people to rule us while we pray to God to come down from heaven and help us. It is a thing of religious colonialism.

No blame our parents, their own parents also pass the same thing to them... na chain reaction. Wetin you dey even expect from a people wey think say the poorer you are, the more righteous you become just because Bible talk say "it is easier for a camel to pass through the eye of a niddle than for a rich man to enter into the Kingdom of God"

The one wey dey pain me be say no how you go to any spiritual house that they will not tell you there is a problem. It must be either your forefathers, your village people, your mama, uncles etc, there must be somebody after you. They will see all these problems yet they cannot offer solution.

The earlier we focus on God a lone and forget about all these plenty fakes around, the better for us.

Me I know plenty people wey dey mine all these free token them but the thing no move me for body at all at all. Not only say majority of them na scam, they are pure waste of time. The people wey manage collect small money na like once in five years, the money self no reach anything.

If you consider the time you dey spend, the data you use, the memory space of your phone or laptop and the risk you dey exposure yourself to connecting your system to those networks or downloading and installing some of those softwares, it will become clear say na direct waste of time.

As me I no dey do am, I no fit advice anybody to put body for that thing.... e no worth am walahi talahi

Funny enough, most of the things we do are gambling. Starting a business is gambling because you are not sure you will make profit. Getting married is gambling because you are not sure if it's gonna work and give you the peace and blessing of marriage. Going out of your house is gambling because you don't know what risk awaits you as you go. Life itself is gambling because you are not sure of anything. Investment in BItcoin, real estate, stock and anything is pure gambling. Each of these scenarios have their level of risks and measures in place to mitigate them.

When people hide under religion to condemn gambling, It actually makes me marvel at their level of ignorance. Gambling is way bigger and broader than many people actually think. 

Seems you want to apply the DCA method but your means of achieving this seems to be risky. Like many have already advised here, centralized exchanges is not the right place to save your Bitcoin.

I understand that withdrawals can eat up significant portion of the investment if you have to be buying small amounts regularly and transferring to your private wallet. You can do it cumulatively to reduce the fees. You can deposit and buy then withdraw I two months interval or as you choose but never to save the coin in the CEX. 

Alternatively, you can use any of the numerous decentralized exchanges.

Once again, never save your funds where you do not control the provate key

Thank you for this update wey you carry come so. This na correct informate for we wey never too tey for the business. When I joined my first signature campaign, e no really dey easy knowing where to post before you go yan off-point. That time sha, I no been consider many of the points them wey you carry come out so, I just needed to start from somewhere.  I thank God say we dey grow small small for the work.

No body fit deny say information na power; this forum na good example. If you read well, ask question and follow advise, you no go get plenty problem. So I appreciate the information wey you carry come so.

Another area I go like make people put mouth small na the one wey concern wetin person go do so them go accepted am for signature campaign easily. That side no get direct answer because e dey like say different campaign managers get different things wey them dey find before them go accept person put for their campaign.