Lately i have read lots of news having lots of variants of malware being release, from just a software having malware in it, to messenger, telegram discord, stealing credentials, before its only data now its the money straight from wallets with funds, browser, reading some malware are just being rented as a service and then using by bad people, having percentage of the loot they get, we are now dealing with this kind of attacks that is more of a pandemic in digital world.
What are you're thoughts about it? are we gonna seeing more of this in the near future?
Like you, i’ve read and heard a lot, unfortunately including bad experiences that people have gone through. Sadly, i think this will only keep progressing and scammers will become more and more creative. It’s up to us to protect ourselves and also try to protect others. We shouldn’t be greedy, we shouldn’t give our data to anyone, and we should keep our crypto in a safe place, such as a cold wallet. There's always new people enter the scene and this is the target of those people spreading those malwares. What we hope to happen is the new people read also those past and present incidents happen regarding on these possible malware attacks, so that they would get aware on early stage then won't fall from those things spreading in internet. Common reasons for people to fall for this is their greed and those situations deceive them then lead to fall on the traps set by this criminals. Lack of awareness can really be a great factors in malware attacks. I believe if people are aware on how to protect there system, data against malware attacks then it will be very hard for attack actors. The best possible way to curb malware analysis is through awareness, staying up to date with the latest software and having and anti malware tools that prevent malwares attack. I believe it is not entirely greed most people are vulnerable to malware attacks as a result of ignorance, so what they need is to be enlighten on how to avoid or prevent possible malware attacks. |
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Likewise, as I always tell to those people who are playing gambling what's their agenda for playing gambling because there's always two perspective right here, the people who want to seek fun and entertainment only and neglect the money they are using or else the person who are seeking for profit gains and money with the form of gambling you must need to take seriously and choose the game you has a control with the risk management such as strategy base game or a skill base game so you can still have an idea which have the higher potential to win and of course not all gambler wins the game once they play and also its contribute to the stress of a person they didnt win the game, they lose their money and now they get emotional stress possible might do a wrong decision making such as make another game and losses more.
I doubt if there is any game in any casino that one can claim of having control over , them it is no longer gambling. If there are such games casinos owner won't even dare to include them because that will be the end of such casino. I think it will be best to stick within ones risk limit, that is by gambling with what one can afford to lose . The habit of chasing losses is due to emotional stress and not sticking to ones risk limit. |
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Manchester United is just unpredictable they will impresse you this moment then disappoint you the next moment their first game of this season against Arsenal even though they lost they were quite impressive but flop after words, the Manchester derby I was actually expecting them to have do more either win or draw but they messed it All up I was kind of wondering if truly this guys are serious till this previous match against Chelsea, they impresse me and I just hope they do same against Brentford then I will be sure of what ever they are doing.
If today United manages to win against Brentford, I am still not sure they can perform consistently. But they should indeed be able to secure a victory against Brentford, given the team's performance and the quality of players they have. It's just that we know United has been truly unpredictable over the past few seasons. United has changed coaches, and players have come and gone. Yet, their performance remains doubtful. I know Manchester United aren't to be trusted with their inconsistency, and they can disappoint you when you think that they will win their match, but I think Manchester United will win Brentford because even Brentford is struggling to be at their best this season, and they only won one match out of the five matches they played this season. But if Manchester United fails to beat Brentford, then they aren't ready to fight for the club this season. I don't really see the possibilities of Manchester United winning Brentford despite the fact that Brentford may be struggling. Manchester United has not also be doing well, so I think the best outcome of this match is draw. If the two team fails to draw then Brentford may likely win because I don't really see Manchester United winning this match. |
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I get you Proty, and of course, I’m not denying that having an emergency fund in life is important.. Everyone needs something put aside for unexpected events. But this particular discussion is about Bitcoin, and that is why I don’t agree with putting the emergency fund before actually owning any Bitcoin at all. The truth is, the first real step is to start stacking, even if it is very little.. you should not delay by saying let me first save this, let me first prepare that and by the time they’re done planning, the market has already moved.. the people who gained the most from Bitcoin are those who actually started, not those who kept waiting for the perfect moment..
So in my view, the smarter move is to get into Bitcoin first, even if it is just $20 or $50 a week. Once you’ve started building your bag, you can then think about balancing it with other financial tools like an emergency fund. But delaying investment completely just because of that will only hold you back. Bitcoin does not wait for anyone you either start stacking now and grow with it, or you keep postponing until the opportunity passes you by…
For someone with discretionary income that doesn't have an emergency funds, they shouldn't be deter from buying bitcoin simply because they don't have an emergency funds. They can be buying bitcoin and at the same time while working on getting an emergency funds,this can be achieved by investing a certain percentage of our discretionary income into bitcoin and the remaining percentage to our emergency funds. However, emergency funds is essential for everyone both those that are investing in bitcoin and those that are not investing in bitcoin since since unexpected events can happen to anyone. |
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If ya have any cash that you have been saving this is the dip you want to buy, got me some  There is nothing you would enjoy more than the feeling of buying the dip now, of course I would say that the best dip is now (which is a general statement) but truly this current dip is the absolute ticket dip we always talk about in this thread that we should buy them and hodl, if possible sell something and buy now! like the old meme that says "I'm all in" only you and your computer watching the market. Zero or little fiat with more bitcoin. This your advice to me is really funny and you make it look as if it is only during the dip that people can accumulate bitcoin. There is nothing wrong in buying the dip whenever it occurs as long as the needed discretionary income or extra cash is there . However talking about selling ones valuable in other to buy the dip is something that I think is a very ideal since we may not be able to hold for long and we may end up putting ourselves into unnecessary pressures. |
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I don't think it is possible for there to be a gambling addict without loss. When a gambler is addicted to gambling, the person is willing to do anything to gamble which include gambling with what they can afford to lose. So talking about gambling addiction without lose is something that is not possible because even gamblers that are not addict still incur loses while gambling talk less of an addict. Talking about time, time they said is money so if an addicted gambler is losing time instead of money. I think it is still the same thing as loosing money.
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I no really understand your plight that dollar to naira rate should remain fixed or what?. I think you should be happy that the naira is coming instead to dey feel bad because looking at it from another angle it will look as if you are only considering your self alone. If this changes will affect the price of goods in the local market then I see nothing wrong with it.
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This week started with a shock for BTC bulls as many expected the price to break 118k this week, but the week started with a huge dump that I didn't even expect to happen on Monday morning. Last week news wasn't so good for BTC, and it waited for days for it to take effect on the market.
From the look of things, do you think we will get a new ATH or price will head below 90k
The Market is always full of surprises and looking at the market I can't really predict were the price will be heading. One thing I know for sure is that it is not easy to predict the price of bitcoin with certainty we may try to speculate the price base on past market history or some charts. Bitcoin price won't really go below $100k talk less of 90k. |
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...There is no need building an emergency funds to protect your bitcoin investment when you don't have any bitcoin because you have nothing to protect...
I think this your statement is very wrong. Emergency funds is very important for anyone whether they are investing in bitcoin or not. Since emergency situation like paying of hospital bills, car repairs , accident etc, this are situation that we don't have control over hence there is need to have an emergency funds since since such emergency situation doesn't just occur to bitcoin investors alone. Having an emergency funds before investing in bitcoin will help in protect your assets. |
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Sounds has nothing to do with irresponsible gambling.Irresponsible gambling is caused majorly by lack of self control and it has nothing to do with sand . So I think trying to attribute it to sound is purely a means of rationalisation. The only thing I believe makes one an irresponsible gambler is when one has wrong mindset towards gambling and the best way is to be able to control ones mind and by so doing no sound can make one to become an irresponsible gambler is strictly base on ones decisions and actions.
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Man, I feel you on this one. The truth is most people step into gambling hoping to hit it big, even if they say it’s “just for fun.” Nobody’s really throwing their hard earned cash away just to kill boredom, we’re all chasing that little shot of luck. But at the end of the day, if you don’t treat it like entertainment and stick to only what you can afford to lose, it’ll eat you alive. That’s the real difference between having a good time and letting it control you.
For me, the logic is simple. Everyone wants to win, but I'm intrigued by a phrase from one of our seniors, saying try to moderate your excitement. If we interpret this as trying to resist temptation. Don't bet too much just for the adrenaline rush. Ironically, this often makes us more susceptible to taking excessive risks beyond our expectations. So, whatever the type, from a psychological perspective, the simple answer is why so many people come and participate. There's something appealing about gambling, and gambling is indeed tempting. It is true that people get greedy by winning money by gambling and the risk of losing money increases manifold by betting repeatedly. Gambling is mainly for entertainment, not an easy scheme to make money or get rich quick. Every person should gamble within his means because we do not know anything specific about the future and we do not know how much is the guarantee of winning by betting, so we should gamble with money that we can afford to lose. People lose self-control while gambling because of excitement and temptation, so it is very important to always be careful while gambling. This idea that people gamble for entertainment only is not true. The primary reason why people gamble is to make profit while some people may claim that they may gamble to entertain themselves, entertainment should be the secondary aim and the primary aim of gambling. Also it may not be all true that people gamble only to entertain themselve. I believe if it is so whenever one is feeling bored the only thing to that may comes to there mind is gambling. The people will not put the money they are investing in gambling if it is only to entertain themselves. |
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How regular has your instinct leads you to a successful winning or has led you to more loses?
Instinct really do plays a role especially on how we make decisions as regards our choices of a game. There are times my instinct about a particular game maybe correct sometimes it may be wrong. So there are times I have actually lose as a result of my instinct, there are times too it has really saved me from loosing too. I think it will always be best for one not to really totally on instinct, I believe making research will really help alot in making decisions and not just taking a decision based on our instinct without proper research. |
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I think the best way is to keep your bitcoin holdings secret without exposing it to the public. To avoid unnecessary stress and feelings of unrest it will be best we keep our investment secrets because non of this things stated by the OP can really help in securing our bitcoin holdings. However if it happens that our holding is no longer a thing of secret I would recommend moving it to a different wallet address that will be unknown to the person that was aware of our bitcoin holdings by so doing they may think that we have sold it out.
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What are the basics that the newbie needs to learn about bitcoin before getting started?
I think as a newbie what I need and require to start investing in bitcoin is a discretionary income and a little details and knowledge, how to buy bitcoin and also knowing a safe wallet to hodl our Bitcoin, discretionary income is very important, because some newbies makes that mistake of investing in bitcoin with money meant for paying for their expenses which I think it’s really not an effective way of investing into bitcoin. I think we can be learning other things while we have already started investing into bitcoin. Yes as a newbie before you start accumulating bitcoin you need to determine whether you have discretionary income to invest with. If there is available discretionary income then you are set to start but if not you are not ready to start investing. Also having a basic knowledge of bitcoin will be of great help as this will guide you along the way while you increase your knowledge with time. |
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So as you said, a person should only get into gambling if they know they have taken care of everything else, all the expenses, bills, savings, etc., and they still have some money left that they can use. It's better if they can use it on something else like an investment or something, but it's like $20 or maybe $50 which isn't a big amount for them, they can gamble with it, knowing that even if they lose that amount, it's not going to cause any problems for them.
Well yes, those who apply this strategy don't have as many problems, It's difficult to have the money for mandatory expenses and risk it in the casino You may be lucky, but it's very likely that the money will be lost. And if it is lost, where will it come from ? That's what needs to be seen Players get carried away by emotions a lot, and that's the bad thing because if we don't control them, we lose our money. it is an irresponsible or an addicted gambler that will use money that is meant for his or her expenses for gambling. This is a very wrong way to approach gambling, it is advisable to gamble with what we can afford to be lose by so doing we indict ourselves or put ourselves into unnecessary pressures. Yes it is very crucial for a player to be able to control his emotions to avoid taking unnecessary risk especially by using money that is meant for important projects to gamble. |
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Well said,I agree with your point except where you said Exchanges are safe to hold Bitcoin. I believe this is not the first time investors have been warned never to use centralize exchanges to Hold their Bitcoin assets because they can be hacked. Its fine if your using this exchanges to buy Bitcoin but it's not ideal to hodl because of the risks. Rather than Hodl your bitcoin stash with this exchanges where you don't have complete control over your asset,I prefer you start making use of a non custodian wallet to store you Bitcoin. A non custodian wallet is safer and it allows you to have complete control over your asset through your seedphrase.
yes it is really a bad idea to hold bitcoin in an exchange since we don't have complete control of our assets aside from the fact that it can be hacked the exchange itself can come up with one policy or they can just decide to disable one account without any tangible reason. If I should recount my experience with kucoin, it was not really funny at all they just wake up one morning and then decide to place my account on withdrawal suspension without no just cause. Luckily for me I wasn't using it to hold bitcoin, so I was actually wondering what would have been my faith if I was actually holding my bitcoin there. What you are saying is right non custodial wallet is the best because one can never encounter this kind of problem I had with kucoin in non custodial wallet. |
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There is no benefit in anxiety than getting being frustrated at the cause, we should also avoid anything that can lead to being anxious of the way we gamble, having the knowledge that gambling is expected to be seen as a way of being entertained, we should not let anxiety set in all because we couldn't afford to make a win upon any bet we place, this will hep us set the priority right and gamble more responsible.
The feeling of anxiety mostly set in when people are not sticking to the best gambling practices. Gambling with more than we can afford to lose, the feeling will definitely set in as a result of the fact that we have failed to stick to the best gambling practices. Also having a proper knowledge what gambling really is, will definitely help alot in controlling one anxiety and it will also make us to take inform decisions when gambling. |
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BITCOIN IS MORE THAN AN INVESTMENT IT IS A BELIEF
When Bitcoin was sold at $5.27 in 2012 many people did not believe in it. At the end of the year Bitcoin was sold at $13 from there it skyrocketed to $1000 in 2013 hitting a milestone. When it reached $60,000 in 2021 some said it is too late to invest in bitcoin.
The truth is that Bitcoin isn't all about price but vision, courage and patience.
I'm happy now that people no longer doubt the possibilities of bitcoin, we have now come to the realization that what separates bitcoin from whatever price we have in mind is just time. People who have this mindset are not even bothered by what the price is now, they know that when they own bitcoin and are willing to give it time, bitcoin will not disappoint them. This is where I agree with you that bitcoin is more than an investment but a belief. There are people that don't really believe in bitcoin they still have this fear that the coin will turn to dust one just some crypto currency they might have come across. So know matter the market performance there are people who will always doubt the potentials of bitcoin. Although there are some who are still buying but they are afraid to hold, there motive is just to make quick profit by gambling with bitcoin. Such set of people fail to understand what bitcoin is and the potentials of bitcoin. |
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The poor people usually gambling with low money on high odds because they were hoping to gets big win from gambling and some of poor has the mainset that gambling can be a good solution to out from poverty that's why i th.ink the main reason of poor people to gambling not look for the entertainment and they look serious and more ambition to earn more money in gambling
But it's clearly different to the rich which usually they did gambling for fun and they can earn money outside of their usual gambling activities so, lost or win probably there is no big difference for them because basically they were rich and poor people are more vulnerable to addiction because they have an illusion will gets rich someday from gambling
When it comes to gambling the rich and the poor have equal chance of winning and equal chance of loosing Also it is not only poor people that are vulnerable to gambling addiction even the rich do get addicted to gambling. Gambling was not made to favour any class of people, therefore is about making the right decision and sticking to the best gambling rules. Talking about rich people loosing that it doesn't make difference to them, I think this is wrong because there is amount a rich man will lose in gambling that it will definitely affect him more the way it will affect a poor who is gambling with what they can afford to lose. So you will see that at the end it all boils down to one thing which is to stick to what one can afford to lose. |
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