 Bitcoin which where designed by the pseudonymous Satoshi Nakamoto sometimes in 2008 which was considered less fancy then as most people didn't give much attention to the idea which was designed primarily as a digital store of value which can be made to make digital transactions removing the place of a third party is today revolutionizing the world especially on the digital space , Bitcoin now accounts for 1.7% of the total money in the world world with a market cape of about 2.35 trillion dollars versus a global m2 of about 140 trillion dollars. This milestone is a testament of Bitcoin ever growing micro economic importance which is deep rooted in institutional adoption what started as a fringe assert is now one of the biggest investment drives of the world today. https://www.bitget.com/news/detail/12560604913470 |
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Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).
Bitcoin accumulation is the next gold rush that is taking over the world especially on the digital space and there are many strategies or formulas that Bitcoin enthusiast can use in accumulating Bitcoin the above formula is a simplified approach or method that anyone who is interested in accumulating Bitcoin can use because when it comes to Bitcoin accumulation these four keys are critical knowledge+security+patience+Discipline= is the real deal because to become a successful Bitcoin investor there are characteristics that are expected of any Bitcoin enthusiast and this formula will be helpful to anyone especially newbies
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WHAT IS A COMPETITIVE ECONOMY
A competitive economy is an economy where no single seller or buyer has a monopoly over the market in terms of influencing the price of the market but market price is only regulated by the forces of simple demand and supply, It should be noted that a competitive economy is usually associated with free entry and exit without any interference or protection by an state a competitive economy gives all participants a level playing ground without any unfair advantage by any party a competitive economy is efficient because firms can't make excessive profit because Competition brings down the cost of production over time which gives rise to economic stability and prosperity.
I wrote this thread because of the tariffs that the united states of America has imposed on the rest of the world which is meant to protect their own economy but looking critically at this very move by the trump administration it is actually a suicidal attempt to put the United State
economy into problem going forward because the fact remains that the trump administration is aimed at protecting the United States of America economy from competition which is not a healthy one because a careful look at history and looking at how the super economic Powers of today such as China, Russia etc they where economies that where open to competitive so over time these economies evolved into a better competitors which has given them access to global economic dominance leading to a prosperous economy over the long period
BENEFITS OF A COMPETITIVE ECONOMY
Increased Efficiency and Innovation
Market discipline: Firms must improve productivity and reduce waste to stay competitive.
Innovation drive: Competition pushes companies to innovate in products, services, and technologies to gain a competitive edge.
Lower Prices for Consumers
Price competition _ With more players in the market, prices tend to drop which tends to benefit consumers.
Better value_ Companies are incentivized to offer higher quality at lower costs.
Greater Consumer Choice
More firms and products in the market result in a wider variety of goods and services for consumers to choose from.
Improved Quality of Goods and Services
Customer focus_ Businesses strive to meet consumer expectations which usually leads to better quality and service.
Accountability_ Firms that underperform risk losing market share or failing entirely.
Foreign Investment and Capital Inflow
Attractive market_ A competitive open economy can draw foreign direct investment which brings in capital, technology, and expertise.
Job creation_ Investment can lead to expansion and employment opportunities.
Economic Growth
Productivity boost _ Competitive pressures can increase overall economic productivity.
Dynamic markets_ The economy becomes more adaptable and resilient to change.
Better Resource Allocation
In a competitive market resources tend to flow to the most efficient and productive firms improving overall economic efficiency.
Integration into Global Markets
Opening up fosters international trade creating opportunities for exports access to global markets and economic diversification.
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With the new footballing season starting there are allot of expectations from sport fans especially supporters of different football clubs for some it's a season of rebuilding as their clubs where not that great last season but for some it's a season of consolidating on the victories of last season , Even to the Gamblers it's a season of expectation as some did not hit the jackpot last season on their gambling activities.
So this made me to create this thread what are your expectations this coming season that is just few day away from kickoff while others major leagues has already started the gambler is not even Left out to the gambler I think that it should be a way of restrategizing and see the area that you did not do well in your gambling last season maybe you are the one that doesn't have a gambling strategy, target or even your approach towards gambling because this season is a promising season a
which offers alot of promises to both the gambler and sports fans concerning their club.
Sport fans let have a constructive conversation about your expectations this coming season.
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Africa a continent full of natural and mineral resources has been known only to be exporting raw minerals resources into the rest of the world without adding value to what they produce and so they buy what they give out cheap to the rest of the world in a costly price because when it gets back to Africa what they give out unrefined without thinking about adding value to what they produce becomes ten times the amount of what they sold it
Talk of oils and gas that is abundant in West and Southern Africa which includes counties like Nigeria, chad etc which has no refineries and still depends on processed import of petroleum products like PMS, cooking gas and with rear earth minerals like lithium cobalt, copper, diamond, gold, graphite, ilmenite, iron ore, kaolin, kyanite, lignite, limestone, manganese, monazite, quartz, rutile, salt, tin, and uranium in countries like Angola, Burundi, Chad, Equatorial Guinea, Gabon, Cameroon, the Central African Republic, the Democratic Republic of Congo, the Republic of Congo, Rwanda and Sao Tomé and Principe. at much more higher price than the once that they sold it out it's a sign that developing countries needs to add value to what they produce because adding value is the Gulf that exists between developing and the developed world
Until developing countries stops exporting raw minerals and import processed products at a more costly rate which is the order of the day that most of
African countries do they can't be talking about competing with the rest of the world because the world is a competitive place and until a country starts adding value to what they have such country will still be consuming and remains dependent on the rest of the world adding value in terms of production and processing of the natural and mineral resources through building of factories and industrialization which will lead to mass production and such countries becomes self sufficient developing countries will always depends on the rest of the world to survive.
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@OP, what is the difference between gambling fever and gambling addiction? From your post, I don't see any difference or any unique difference of things that have been discussed here before as a causes of addiction and how to prevent it. Both are too similar, if not the same.
Maybe OP is trying to modify the name, and obviously, I see no difference from what OP has called a gambling fever and gambling addiction, as all the listed factors or features are almost similar to those of an addicted gambler. Maybe OP should tell us what the new message he is trying to pass across is, because there is nothing new in what OP has mentioned here, as there have been lots of similar posts in the past with content similar to this thread. Gambling Fever and addiction is related but they differ in terms of duration, severity and even psychological impact that it has on the individual again gambling addiction could even be seen as a health condition because it's could be seen as a gambling disorder while gambling gambling fever is not |
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@OP, what is the difference between gambling fever and gambling addiction? From your post, I don't see any difference or any unique difference of things that have been discussed here before as a causes of addiction and how to prevent it. Both are too similar, if not the same.
Even though gambling fever and gambling addiction is related there is a difference in the two and so should not be confused with the together |
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Gambling fever entails the mental high and emotional intensity which is triggered by gambling where risk ,excitement, anticipation and dopamine spike in a way that overrides logic with a sense of reasoning It’s not just about wanting to gamble but it’s feeling like you have to gamble consciously with the hopes of making money. Gambling fever is one dangerous thing that all gambler's needs to look out for because when it enters an individual it can reck the life of an Gambler.
SIGNS OF GAMBLING FEVER
___Increased time or money spent gambling
___Chasing losses, convinced a big win will fix everything
Mood swings tied to wins/losses
____Feeling restless or irritable when not gambling
____Gambling to escape problems or emotional pain
____Gambling with the hopes of getting quick money
CAUSES OF GAMBLING FEVER
_____Dopamine Rush
Dopamine release occurs not just when you win but also when you are anticipating a win especially during unpredictable outcomes this anticipatory dopamine is what keeps people coming back even after losses the uncertainty the near misses and the small wins all fuel this reward system giving the brain a powerful rush.
____Near Misses and Random Rewards Games
Games like slots are designed to keep players hooked up continuously in a state of gambling which will keep such a
gambler in the gambling fever because he or she is almost winning but will miss out and so will such a person will continue to gamble slots games like jackpot, Virtual gaming etc are all designed to trick your brain into thinking you're close to winning and so you will continue to gamble
_____ False Beliefs and Illusions
There are people with allot of false beliefs which thinks that they will make it through gambling using others who has hit the jackpot while gambling so continues to gamble with the false hopes of winning .
___Emotions
Some times our emotions can play with our senses so putting your emotions under check is one thing that is key because gambling fever and emotions are connected and is one good cause of gambling fever.
HOW TO GET OVER GAMBLING FEVER
____Talk to somebody
Talking to someone is very important because it can help in putting you in a good mental and psychological state which will take you away from the fever of gambling.
____ Pause and take a deep Reflection
Taking a break from gambling is one thing that people who feel always to gambling should do because when an individual takes a break and do a self evaluation process it can go a long way in telling the people how he or she is fairing especially taking when it comes to taking stock of how much you have used in gambling and how much you have lost and gained in the process.
____ Impose Barriers when Gambling
It's important that everyone gambling has a gambling barrier or set out limits that they will use in gambling this will cut short the time that an individual will use in gambling especially having a gambling budget and following through it , this means that when ever you gets to such limits you stop gambling this is another way to helps getting over gambling fever.
____ Seeing a therapist
Most people don't agree with this but this is another way that people can get over gambling fever a therapist is someone who is trained to evaluate people so seeing a therapist will be helpful as you will have a mental evaluation of your self and get some recommendations from a psychological specialist
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Investment has become one integral part of the Nigerian environment as people are looking for a way out of the current economic situation that we have found ourselves in naija so they see any thing that sounds good especially things that seems to profers solutions to their economic situation like investment especially in crypto currency which has become one good escape route to those who where for sighted enough to invest in crypto currency like Bitcoin. Sadly to note is the ever increasing and growing trends of scams which has been associated with allot of ponzi schemes which sounds too good most times taking the form of crypto currency which has made away with the hard earned currency of goliiable Nigeria with the hopes of giving them financial freedom through investment, SEC the Nigeria security and exchange commission has released seven platforms that we naija people should not invest as they pose a threat to your finances. Here are seven platforms that you as should not get involved in if you are not ready to lose your money. 1. Pocket Option Flagged: July 21, 2025 Promoted as an online investment adviser/fund manager, SEC noted that Pocket Option lures investors with promises of profitable investment opportunities. were demanding $200 from their subscribers with balances above $1,000, and $100 from those with less than $1000 balances before withdrawals could be processed. 2. Forsman & Bodenfors LTD (F&B) Flagged: July 14, 2025 Parading as the Nigerian arm of a Swedish advertising firm, F&B, the SEC said promoters of this fraudulent Nigerian entity go about promising Nigerians automatic employment in the company as compensation for recruiting more members who are lured to pay various sums of money for various positions in the company. The Commission, in a public notice to investors, said its preliminary investigations found that the platform was a front for a pyramid-style scam and warned the public to stay away from it entirely. The Commission hereby restate unequivocally that neither CBEX nor ST Technologies International Ltd (or Smart Treasure/Super Technology) is registered with the Commission or authorized to offer investment related services to the Nigerian public,” the SEC stated 3. Value Growth Platform Flagged: June 30, 2025 Operating under the guise of offering market analysis and trading services, Value Growth Platform attracted investors with “guaranteed returns” and monetary incentives for referrals. The SEC described its operations as exhibiting typical Ponzi scheme features and confirmed the platform is unlicensed. “Investigations have revealed that VALUE GROWTH PLATFORM’s operations exhibit typical indicators of a fraudulent Ponzi scheme, which includes promises of guaranteed returns, heavy reliance on a referral system with promises of monetary rewards for referrals, and desperate requests for subscribers to fund accounts,” SEC stated. 4. CMTrading Flagged: June 20, 2025 According to SEC, the platform claims to be licenced as GCMT SOUTH AFRICA PTY LTD by the Financial Sector Conduct Authority (FSCA) of South Africa and as a securities dealer by the Financial Services Authority (FSA) of Seychelles. The platform uses cloned websites of reputable media houses such as the Punch Newspaper, Vanguard Newspaper, BBC, Channels Television and Arise Television to attract unsuspecting victims. It also posts cloned videos and pictures of prominent Nigerians on social media, promising monetary benefits to subscribers. The SEC revealed that CMTrading’s operations heavily rely on high-return promises and a referral-based payout model—key red flags of Ponzi fraud 5. Sapphire Scents Limited Flagged: June 19, 2025 The SEC stated that Sapphire Scents Limited, which holds itself out as an Investment Adviser/Fund Manager promoting an unregistered investment scheme, is not registered to operate in any capacity in the Nigerian Capital Market. “Accordingly, the public is advised to refrain from engaging with Sapphire Scents Limited or its representatives in respect of any business in the Nigerian Capital Market, as any person who does so is at his/her own risk,” it warned 6. CBEX (Crypto Bridge Exchange) / ST Technologies International Ltd Flagged: June 11, 2025 After its collapse in April, with many Nigerian investors’ funds trapped, CBEX resurfaced under the name ST Technologies or Smart Treasure. The platform reportedly demanded payment from users before processing withdrawals. According to reports, CBEX promoters were demanding $200 from their subscribers with balances above $1,000, and $100 from those with less than $1000 balances before withdrawals could be processed. “The Commission hereby restate unequivocally that neither CBEX nor ST Technologies International Ltd (or Smart Treasure/Super Technology) is registered with the Commission or authorized to offer investment related services to the Nigerian public,” the SEC stated It added that enforcement action has already been initiated against CBEX and its promoters following its previous unauthorized investment activities, and the Commission was collaborating with relevant Law Enforcement Agencies to properly investigate the company, adding that it would take appropriate actions in line with the provisions of the Investments and Securities Act 2025. 7. Punisher Coin ($PUN) Flagged: June 5, 2025 Promoted as a meme coin in unauthorized presale campaigns, SEC said Punisher Coin lacks any legitimate use case or project backing. The SEC warned that such coins are prone to “pump and dump” scams, where promoters hype a coin to inflate prices before offloading their holdings, leaving unsuspecting investors with worthless tokens. “Accordingly, the public is advised to refrain from engaging in the purported presale of PUNISHER COIN ($PUN) as any person who invests in the scheme does so at his/her own risk,” the Commission warned. In all seven cases, the SEC has reiterated that these platforms are not authorized to solicit funds or offer investment services in Nigeria. Investors engaging with them do so at their own risk. The Commission also reminded the public that the presence of a company online or on social media does not imply legitimacy https://nairametrics.com/2025/07/21/see-7-investment-platforms-flagged-as-ponzi-scheme-by-sec-so-far-in-2025/ |
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Volatility give more opportunities to the investor of making profit because volatility actually gives opportunity for people to hold for the long term which gives people the opportunity to hold on to your Bitcoin for the long term holding on for the long term means that you allow the price of Bitcoin to appreciate more than the way that you bought it, volatility is a period for investors to create wealth by allowing you to invest at a lower price because one thing that volatility does is that it brings down price of Bitcoin allowing investors to buy at a cheaper price
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Make I conclude with this- For our newbies in the crypto space, if you dey em very serious and intentional about.wealth protection and financial freedom, just know say Bitcoin na one of the surest road to achieve am.
But still no forget(Beginners take note):
👉 Always do your own research (DYOR). You can do this by belonging to a strong community wey Dem dey discuss real updates (like Bitcointalk), and also by reading articles and post from sites/ forum like cointelegraph, decrypt.co, altcointalk, and even this our our very bitcointalk.org
👉 No invest wetin you no fit lose or wetin no go make you sleep for night (This one dey very important)
👉 And you no necessarily need $10,000 before you go start Bitcoin acummulation, one very sweet thing about Bitcoin be say you fit start small, dey build your wealth.
Making research before going into investment is one team that people should do as it's very important because if anyone is to succeed in making profit then having a good knowledge about crypto is needed and reading and asking questions about crypto will be helpful investing what you can lose is one thing that people should take note of because crypto is one thing that takes time before getting profits and due to the nature of crypto which is volatile people should not invest what they can't lose |
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Losing is part of gambling so it should not be an issue to get over it because eventually we know that as far as gambling is concerned two things are involved it's either you lose or win people should not kill themselves over losing because it all parts of game even though sometimes it's hard for you to get over it when it's close to you winning the ticket
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The current situation of Real Madrid is very bad. After a trophyless season, there is a feeling of dissatisfaction among the team's players. There is a lot of discussion among them about the issue of releasing one of the team's forward players. But Vinicius has a contract with Real Madrid until 2027. But when the new contract between Vinicius and Real Madrid came up, Vinicius demanded double the current amount. At that moment, Saudi Arabia made the offer. But Vinicius did not agree to the offer now. He wants to play for Real Madrid.
If we look at Real Madrid, they are very worried about themselves. Without Vinicius, the team will be weak, but Real believes more in reality. Under the new coach, it may be possible to bring in someone new without spending so much money. Since the coach is new, I think everything will be done anew. Real Madrid is going to make an incredible bet on the new coach. As a result, we may not see Vinicius in the team.
If Vinicius is the one asking for a sizable salary increase, even double. Maybe he himself is planning to leave Madrid. He should be more reasonable for a contract extension with an offer of an increase that should be more reasonable to keep playing in Madrid. If the situation is true, won't it get negative comments from fans? Offers from Saudi clubs must make every club tempted, but losing Vinicius is definitely a loss for Madrid. Although they do not lack talented players, Vinicius is still an important figure for Madrid. But with a new coach, yes, maybe the team's situation is now different. No one can deny Vinicius's great performance, but now if Real Madrid somehow lets Vinicius go, it will bring about an even more negative situation for Real Madrid. Now if he himself indicates to leave the club, then naturally there will be a negative reaction from a section of the fans, but Madrid should make every effort to keep him. Look, not every player's performance is always the same, Vinicius' performance may not have been very good now, but losing a player like Vinicius means losing something valuable, so along with the player, the club should also manage this situation by balancing reality, emotions and the future, because this wrong decision could affect Madrid even more negatively than it right now. Vinicius is one player that madrid can't afford to lose because for the past two seasons Vinicius has been the best player in this madrid setup if madrid is eventually going to let one of their forwards to go it should not be Vinicius because that is going to hurt them and it will not be easy getting a replacement for Vinicius currently in the market |
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 Trading psychology in forex trading refers to the mental and emotional aspects that influence a trader’s decision-making process it encompasses the mindset, behaviors, and emotional discipline required to execute trades successfully and consistently even with solid technical and fundamental analysis, poor trading psychology can lead to mistakes and losses. trading psychology is as important as market analysis mastering your mindset can be the difference between long-term success and consistent losses. What most traders are more concerned is how they can make instant money while trading but one thing that I have seen and noted from most traders is that they don't have the right trading psychology to handle a trade and make profit because the psychology of the trader is the underlying difference between success and loss the mental state of the trader plays a role in trade because most people see trading as a ponzi schemes where they will put money and double it while others seeing it as a get rich quick thing. Key Elements of Trading Psychology Discipline The ability to stick to a trading plan and follow predefined rules regardless of emotions or market excitement for anyone to be successful in trading then discipline is one thing that should be followed sticking to a trading o Plan and strategy is very crucial here. Patience Waiting for the right trading opportunities instead of forcing trades out of boredom or fear of missing out should be avoided you should enter the market when after your analysis everything is indicating that the market is going to go your way that is when you should enter the market and not because you wants to make People or you just wants to trade Emotional Control Handling emotions like fear, greed, anger, or overconfidence is very important because these emotions can cause irrational decisions like exiting trades too early due to fear ,Overtrading due to greed or Revenge trading after losses Confidence vs. Overconfidence Confidence is necessary to trust your strategy but overconfidence however can lead to ignoring risk management or deviating from your trading plan which can lead to lose at the end of the day Risk Tolerance and Management Understanding and accepting that losses are part of trading is important as it will help guide the trader proper risk management prevents one loss from wiping out your account. Focus and Mental Clarity Distractions and stress can lead to impulsive decisions so a clear and focused mind is crucial for evaluating trades objectively if one is to make gain. How to Improve Trading Psychology Stick to a written trading plan Keep a trading journal to review emotional decisions Use demo accounts to build confidence Set realistic goals Take regular breaks and avoid overtrading Practice mindfulness or stress-reduction techniques |
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WHAT IS THIS ALL ABOUT This is a new initiative by Bitcoin developers that is aimed at safeguarding the block chain against potential threats from quantum computers because Quantum computers still in their early stages of development pose a future risk to Bitcoin because they could theoretically break the cryptographic algorithms protecting user funds specifically those exposed in certain address types.When you send Bitcoin your public key becomes visible on the block chain a quantum computer could use Shor’s Algorithm to compute your private key from your public key allowing theft of your funds. QUANTUM VULNERABLE ADDRESSES Some older Bitcoin addresses particularly those that have already revealed their public key by spending coins are considered quantum-vulnerable they include P2PK ,P2PKH once spent, the public key is exposed Quantum computers could in theory, derive the private key from the public key, allowing them to steal funds from those addresses This proposal is forward-looking because it's a defensive mechanism or step against a potentially massive cryptographic shift. It’s still in early discussion stages and would require broad consensus to implement via a soft fork. What is your view on this development on the Bitcoin block chain by developers, you can read more about this on the link below https://www.coindesk.com/tech/2025/07/16/bitcoin-devs-float-proposal-to-freeze-quantum-vulnerable-addresses-even-satoshi-nakamoto-s |
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Opportunity Cost
Tying up your money in Bitcoin during a prolonged dip can mean missing out on other investments that perform better during the time of the dip because one can use the capital used in buying in the dip to invest in other areas such as stocks, real estate etc so buying in the dip can make one to miss other investment prospects when the price is not up early
Are you for real buddy, there is hardly a better investment setting currently better than getting some good amount of Bitcoin if you're lucky to find a good dip? Investing into Bitcoin during the dip isn't tying up your money since Bitcoin is designated for long term investment, on the contrary finding a good dip and lump summing on it is a blessing. For the record, stocks and real estate investments aren't for short term benefits either. Your investments into it still takes time to appreciate. Catching a Falling Knife
Dips can turn into deeper declines not all dips recover on the short term there are some dips that falls dip before recovering so buying in the dip is like catching a falling knife which could be dangerous trying to time the bottom can lead to multiple mistimed entries and larger losses without a solid strategy you could buy too early and suffer bigger setbacks
Now this is your main problem and you literally don't understand Bitcoin investment, Bitcoin investment is slated for long term to get good profits, the price history validates it. Those that are really very profitable today are the long-term holders. If you want a short term activity, then you can fit in as a trader Dips May Not Always Recover
Bitcoin price can remain low for as much time as possible or even experience a longer time period It's important to be aware that not all dips are followed by a recovery and that there is no guarantee of future performance examples was when the price of Bitcoin fell from $20,000 in 2017 to $3,000 in 2018 a dip that lasted over a year which affected alot of investors which where only concerned about catching in on the short price fall to make some gain if you buy the dip too early you might be stuck for a months or even a years as the case may be depending on how long the dip may last.
At least in the past 15 years, Bitcoin has proven that dips always recover and the price goes soaring again and even attains ATHs during bull run, an obvious example is this period when Bitcoin had hit $119k+ ATH after having several dips before now. See this chart below as a proof that dips have been recovering  Don't get me wrong I was only trying to drive a point that is that to there is no better time that is good enough as far as Bitcoin investment is concerned one can invest at anytime you don't necessarily need to wait until it's a dip before investing. Of off course Bitcoin has always bounced back stronger after each dip period |
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When it comes to Bitcoin investment it's common knowledge and believe that one has to wait till there is a dip so that one can actually buy as much Bitcoin as possible and wait till the bull run start and sell when the price has appreciated. I can be corrected if am wrong but one thing that I have come to realize is that one doesn't necessarily has to wait till the dip to buy it's not always advisable to do so because not all dip are actually for price correction and there's no particular time that is best when it comes to Bitcoin investment. Here are some facts you need to know about investment in the dip
Opportunity Cost
Tying up your money in Bitcoin during a prolonged dip can mean missing out on other investments that perform better during the time of the dip because one can use the capital used in buying in the dip to invest in other areas such as stocks, real estate etc so buying in the dip can make one to miss other investment prospects when the price is not up early
Catching a Falling Knife
Dips can turn into deeper declines not all dips recover on the short term there are some dips that falls dip before recovering so buying in the dip is like catching a falling knife which could be dangerous trying to time the bottom can lead to multiple mistimed entries and larger losses without a solid strategy you could buy too early and suffer bigger setbacks
Dips May Not Always Recover
Bitcoin price can remain low for as much time as possible or even experience a longer time period It's important to be aware that not all dips are followed by a recovery and that there is no guarantee of future performance examples was when the price of Bitcoin fell from $20,000 in 2017 to $3,000 in 2018 a dip that lasted over a year which affected alot of investors which where only concerned about catching in on the short price fall to make some gain if you buy the dip too early you might be stuck for a months or even a years as the case may be depending on how long the dip may last.
Emotional Investing
Dips often trigger fear in the market making investors to act emotional which will make investors to take irrational decision which may be quick in nature due to the fact that investors wants to catch in on the fall in price poor judgment decision making investments is one thing that is associated with wanting to buy in the dip because there are people who might panic and sell after buying the dip if the price continues to drop.
Market Sentiment and External Factors
Bitcoin's price can be influenced by other external factors such as economic factors, regulations, market sentiment and even major world political affairs Such as the just concluded united states of America election that affected the price of Bitcoin external events can keep the price down longer than expected, and investing during a dip may require a strong belief in Bitcoin's future prospects.
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Chelsea beating PSG is a serious upset and I actually did not expect this from them but beating PSG by 3:0 is something out of this world.
Football is crazy, who would have thought that a team that beat real Madrid and atletico Madrid heavily is going down 3 goals to nil against Chelsea.
As a neutral I am actually happy, it is a sense of joy to see PSG take what they usually give to other teams.
Chelsea was determined and there's nothing that the power of determination can't do this is a spirited performance from Chelsea from the blow of the first whistle till the end Chelsea was energetic and running this is to show that they where well prepared coming into this game this is indeed a great upset what exactly went wrong with this PSG team that they could not even score a single goal |
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When it comes to Bitcoin investment it's always advisable that investors should always go for a long term investment plan because Bitcoin as an asset is volatile and this Volatility helps in making the price of Bitcoin to appreciate on the long run another reason is panic buying there are people who buy Bitcoin when they see that the price of Bitcoin appreciates to a particular amount, historically it has been proven that long term investment is more profitable So here's why you should use a cold wallet which is a wallet that is not connected to the Internet for storing your long term investment because it's important the type of wallet that you use in storing your long term investment in Bitcoin because most of wallet are subceptible to attack which can lead to you losing your bitcoin assets.
Offline Storage = Maximum Security
A cold wallet is not connected to the internet, which makes it virtually immune to hacking, malware, and phishing attacks.
Common cold wallets:
Hardware wallets like Ledger, Trezor, Paper wallets like printed copy or a hand written copy ,Air-gapped computers never connected to the internet
You Control Your Private Keys
Cold wallets give full ownership and control over your private keys it's always not your keys and not your coins if you leave your crypto on an exchange (a hot wallet), you're trusting someone else with your funds.
Ideal for Long-Term Storage
Since they’re not used for frequent transactions, cold wallets are perfect for "Holding you reduce exposure to risks that come from regular internet use that is for wallets that are used for short term investment so cold wallet is the Ideal wallet when it comes to Long term hodling .
Peace of Mind
Knowing your funds are stored in a device or medium that’s disconnected from online threats brings a high level of reassurance this will help you to be at rest and not be too concerned about the safety of your investment especially from scammers .
Benefit
Offline____ Immune to online threats
Private key_____ ownership Full control over funds
Less attack surface____ No software vulnerabilities online
Great for large holdings____ Best for storing large amounts safely
Demerits of using a cold wallet
Less convenient for everyday use ___you need to connect the wallet and authorize transactions manually.
Requires secure backup __if you lose your cold wallet and recovery seed, your crypto is gone forever.
Can be damaged or lost physically __paper can burn, hardware can break.
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This is a welcome development because this move has been over due in the country crypto currency has been one thing that Nigerians has been interesting since but due to the fact that there was no legal backing there has been some set backs as the crypto community has not been given the freedom to operate even though people where into crypto currency so this move is a welcome development as in the Nigerian crypto community
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