You're right about that. That's why they keep losing money because what they invest in, most times, turns out to be Ponzi. I've had people ask me how much they stand to gain if they invested in Bitcoin, making it sound like what those ponzi guys tell them ahead of time to get their attention. How can anyone predetermine what profit to make in cryptos if not that they want to run a ponzi scheme. Bitcoin isn't a get rich quick thing, and they should all know that.

Your response, going by that comment, wasn't what OP was asking and to which I responded. Let me refresh your mind on what OP asked again... 👇


OP wasn't referring to losing one's Bitcoin to  hackers or anything of that nature. Rather, what they were asking was if there was any situation that would make one's Bitcoin hedl to decrease in its unit. Let's say 0.005 BTC reduces to 0.004 and continues that way until it gets to zero or that it increases beyond 0.005 BTC.

It would've been better when written this way 👇 so that anyone can easily grasp the topics you're referring to at once...

Cryptomultiplier – 10 tips to manage one's emotions while trading crypto.
gentlemand – Trading, emotions and your fine selves
Sakanwa – Emotion and Trade?
Me – Emotions dealing.

To be able to do that, quote my post to see what stuff were added to get it the way it's. By the way, your suggestion isn't bad too.

Funny dude. But of course, you shouldn't stop at asking for just a rank upgrade. Ask to be made an admin too 🙄

This should be the way to go, archive the inactive boards instead of deleting them so that the forum doesn't lose any important topic in those boards.

I guess it was OP's way of drawing emphasis to the comments they made.

This reminds me of someone I tutored a few years ago. In one our classes I told him on no account should he release his passphrase or password to anyone, including me. Few days later, I tested him and asked him to release the passphrase to me. He refused. I told him I wanted to check for something. Guess what? He released it. I told him he just messed up. I was his tutor and I let him know he shouldn't do that. Then I wonder how those who release theirs to random strangers reason.

Frankly, I don't feel any pity for such people. Their greed got them into it. Those who always crave freebies as if money grows on trees will always be victims to such.

Well, let's say I'm one of the few lucky people who haven't got hacked or lost Bitcoin through inappropriate ways, except investing wrongly.

It should be very simple – winners don't quit and quitters don't win. Those who lose and give up are the real failures but those who aren't deterred by their losses never failed.

But of course, I will. All I've to do is to find how I got hacked and all that. I've discovered that most people get hacked through malware they unknowingly download. So, it's important to be weary of links one downloads. Again, once you find in your wallet anything that looks like tokens but you didn't buy them; don't attempt o claim then. Ignore or delete them at once. That's what I do.

Really? How's that so? In my books I think newcomers even come with a lot of baggage that the forum helps to dismantle and not the other way round. But that isn't jettisoning the fact that a handful of them have proved themselves beyond expectation upon registering here.

That's often the problem with people. I've invited several others too and almost all of them displayed this same attitude. Just ignore the unserious ones and move on. At the right time they will come asking to be led. Learning is always the hardest part for most people. They don't like to wait for the process. They want to jump the queue and into success with little or no effort at all. Life isn't that way.

Exactly! Remove that volatility from Bitcoin and you will see the entire market go to sleep. Bitcoin is on the driving seat in this industry. Most often when it bleeds, the entire market feel the pain; and when it's thriving the entire market comes alive. We've seen this happen many times. Now, to want it to become stable, as in, to expect to see the type of movements we find in stable coins with Bitcoin? Nah, that won't be exciting. We need this adrenaline pumping in our chests while trading this market. OP should seek other altcoins to trade if they really want something stable.

No, it isn't. You can check currency pairs in Forex trading and see how the dollar fluctuates against other currencies it's paired with.

As basic as your question is, I can say there are simply just two reasons people troop to this forum – learning and earning. I don't know which supercedes the other for you (or anyone else). To state it clearly, a great number of people come here to earn but won't admit it publicly. Those who stumbled on this forum by chance (like I did) became glued to it because of the perks it offers. I've yet to see a forum that allows you learn and earn. Again, I must confess, there's so much one can learn here for free. Those two points will keep attracting more people here and the influx gets even higher during the noise of bull rally.

Do you wear glasses? I'm just thinking of the screen time and its effect on the eyes.

Until we begin to think of Bitcoin as more of an asset than a means of payment, this type of reasoning will continue to inundate our minds. From the evidence of things around us, we can see that Bitcoin attracted people to it because of its power to replicate value in price and not necessarily because we pay for things with it. If it's as a payment option, there are several altcoins that can do that. No one stabilizes assets. They're meant to appreciate or depreciate in value, subject to the law of demand and supply. This is what I see with Bitcoin.

I'm in agreement with that, completely. It's the same tyranny of the financial institutions and middlemen that Satoshi aimed to dismantle and someone is asking for it to still be upon us?

That "juju" mention there reminded me of a recent comment Destalker (comedian) made about a fast rising comedian, Akpororo, where he said he thought the later was using juju as he was in constant demand to perform at events. The juju thing has always been the case with the black race, especially those in Africa who've soaked themselves in those obnoxious beliefs and cultural practices where every fast success is attributed to some mystic power.

Yes, there are people like that who will wish others evil. However, those people can't be called friends. They're pretenders. Friendship isn't defined as exchanging handshakes and banters with others. We shouldn't tag people as friends simply because we've exchanged something with them. Friendship goes beyond that.

I guess you wanted to say stake to earn Bitcoin and not stake Bitcoin.

You're right. Staking bears more risk than its supposed reward. I learnt this valuable lesson  from experience last year and it shocked me to the marrows. Before then, I had thought earning passively by staking was a piece of cake until two sites owned by one source I staked on shut down last year. I lost all my tokens (KCLP, and other two tokens) on it. Still suffering from that shock, I used to check coingecko back then to find out the prices of those tokens I lost until I found out that they no longer trade.

No, you can't lose or gain your Bitcoin in your wallet. It remains the same all through. What changes is the value, either in loss or in gain but your Bitcoin remains the same. It goes to support the argument of those who say 1BTC = 1BTC. The two ways you can lose your Bitcoin is if it's hacked, either on an exchange or in your wallet. The second is if you trade it on Futures.

In Bitcoin, the chances of making someone poor is very (very) slim. The slim percentage is when those who invest in it get in at ATH and aren't patient to wait for a recovery time. It takes a maximum of four years in Bitcoin investment for every worse case scenario to turn positive. I've observed this keenly.

Well, those who think it's a shortcut to quick riches should've themselves to blame. It's never and should never be thought that way. This is one of the misconceptions of noobs. I see Bitcoin as an asset and for an asset to appreciate you've got to give it time.

Whatever that alters Bitcoin's maximum supply of 21 million (whether in reduction or in increment) will destroy the staggering trust it has gained. The trust people have in Bitcoin stems from the assumption that it can't be tampered with. Once anything tampers with it, I trust the media to run with it on end. Again, there will be a classification of it being the same as the rest of the altcoins that can easily be manipulated. The panache it carries will die off instantly. To your second question, I say no.

As answered above 👆

You can say Bitcoin fees are way cheaper than those of ETH but we still can't say it doesn't cause lack of interest for those who want to come in and invest in Bitcoin. It does. When someone tells you their transactions are stuck on the Blockchain for days, it should discourage you at the time to want to make any transactions in Bitcoin yourself. The major thing that caused me to move away from any project that has to do with paying transaction fees in ETH is because of ETH's exorbitant fees in the past. This has remained so till date. I know sometimes it comes down low but I don't want to take chances and expect that tx fees for ETH will remain down when I want out. Doing that will expose me to a certain level of vulnerability when I need to go out. I got like that.

How do you think Satoshi Nakamoto arrived at creating Bitcoin if not that he allowed his imagination got a better of him, and then followed it up with research? I don't think there's any issue with allowing one's mind run wild or amok with imagination. After all, there's a part of writing that's called fiction. We read books, and most of them in prose are fiction. Meaning that the stories in those fictious books never happened to the authors at the time the books were set. The only issue I see when users put up stories here that aren't real will be if the intent of those putting them up is to deceive. To that I condemn. Otherwise, let the entertainment begin. Behind every story there's a lesson to be learnt.

Doing that would be tantamount to bridling free speech (in this case, free post). I know how that feature will be misused if it's allowed here.

OP's prediction, together with majority of users here, takes a definitive angle that Bitcoin will sweep past $100k in 2025, at least. In my assessment (long before now), I had put it between $120k – $150k. I took my prediction from perusing past historical data and at what magnitude they've been able to surpass the ones before them. The current ATH is $69k+. There's every possibility of the incoming ATH doing more than twice the current price. That puts it above $130k. To be on the safe side, a starting point of $120k speculation won't be out of it. Anything short of $120k will mean that expectations were cut short.

If you knew all that, why then do you feel frustrated about your predictions not hitting the bull's eye? Except you're one who makes a boast of your predictions under certainty to your friends that they must come to pass but they don't happen that way. Everybody in this industry knows how unpredictable it's. So, I don't see why anyone should be flummoxed if it happens otherwise.

If you're better at monthly prediction, stick to it. By the way, price prediction should serve you a purpose of knowing what to expect so you can better prepare your trades or hodlings. It should be for your growth and betterment, not necessarily for applause.

Do nothing! Don't get depressed over it.

Get to work, learn TA and then keep an eye on fundamentals. This industry is influenced mostly by news (fundamentals) than TA. However, when there's no news coming, TA takes over. That's why the knowledge of both should be a necessity for anyone in cryptos.

I don't think you can categorically say the OP's post you quoted was plagiarized. What I read from it is someone who read something somewhere for a long time and internalized it to reproduce later.

It's their fault and they should bear the brunt. They got themselves where they're because of greed. According to Warren Buffett, I repeat in paraphrase, we should buy when others are scared of buying and sell off once we start seeing people rush into the market. Those investors you so referred to bought when people rushed in. They waited too long to buy in. It's the same way we've been chorusing that now is the right time to buy in because of the incoming Bitcoin halving next year. Sadly, many people are reluctant to do that now. Wait till 2024, you will see them chase the market. But of course, they will buy high then and discover that the market has dumped on them.

I understand the big brother role you're trying to play there by guarding newbies. That's great but don't you think it's better for them (everyone of us, actually) to know where things are, than not know at all? I'm one of those who like to tweak things around to find out where they're so I don't get lost around them during an emergency. However, to do that successfully I first of all take note of where they're before tampering with them. Sometimes, I take pictures of them before venturing in. It helps that way in case I get confused way in.

It's actually, meat. "One man’s meat is another’s poison."