I lost a friend this week; he was meant to be 30 years old today, but he died a few days before his birthday today and was actually buried today. It is terrible news, and it got me thinking that death can be untimely, and it is not only the old or terminally ill that are close to death but also anyone; most investors in bitcoin will not get to old age to actually enjoy their investment. Thinking about that, it has to be said that planning for who to own your bitcoin after your death does not have to be when you are old but when you have accumulated bitcoins to a sufficient amount.

As your investments begin to mature into a considerable amount, while you consider the security and safety of it, it is also important that you consider the situation where you die suddenly and your Bitcoin gets lost; no investor would want that except they have no family and friends worthy enough for it.

The newly signed Investments and Securities Act (ISA) 2025 go make am hard for people wey dey start Ponzi for our country, and those wey dey promote am  to continue as they can serve jail term up to 10 years for it and even pay huge fines up to 20 million.

The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, stated this during an interview in Abuja, noting that the goal of the new legislation is to strengthen the legal framework governing Nigeria’s capital market, better protect investors, and introduce reforms that will promote market integrity, transparency, and sustainable growth.

Dr Agama explained that, previously, the SEC lacked the legal power to prosecute Ponzi scheme operators, which made it difficult to bring offenders to justice. However, under the new law, those convicted of operating Ponzi schemes face a minimum jail term of 10 years.

“With the new law, they now face a 10-year jail term and beyond,”

Read here

Nigerians have been victims of ponzi for a long time, and it is mostly because the economy has made it so hard that people abandon common sense in search of quick money.

I have seen many forex traders (crypto traders are not excluded, of course) venture into opening up physical trading academys. It is almost like the next step for them after establishing that they are now making some profit. Do you think traders who start up trading academys and signal groups are more interested in helping people gain knowledge and make money for themselves than their selfish interest in profiting from these people who come to learn?

I think most start these academy's more as a way to generate funds for themselves to trade with, not really with the intention to help. What do you think?

As someone with an interest in trading, in order to succeed as a trader, you will need to be ready to overcome the mental obstacles that others who have tried trading and failed at it or who have not been as successful as they would have liked will put in front of you. You will hear a lot of statements that, although true and a warning, will be discouraging to you.

I, as an individual, have certainly contributed through my statement to discouraging another aspiring trader because I failed to end my warning with a positive statement that can be reassuring.

So recently, I have made it a habit to end my statement regarding trading always positively so I don't end up being a discouragement to others.

If I say to newbies, for example, that trading is something dangerous to venture into because of the potential to lose all they have invested in it, although very true, I will end the statement on a positive note with something like, "But someone like you can do well in it with proper knowledge and guidance.".

The positivity at the end of the statement goes a long way.

Who is watching this Fake Michael Saylor live crypto giveaway event?
https://www.youtube.com/watch?v=AHD3YYDZpyc

The offers are too good to be true; I feel it is AI-generated.

Promising double in five minutes of whatever amount in bitcoin or Ethereum that you send to an address that is on a website that you can access by scanning a QR code.



Scammers have used the same methods before to steal bitcoin many times, targeting new crypto users, tempting them with these offers, and putting them under pressure that the offer is time-sensitive.

If you wear the signature of any casino on the forum that has proven themselves to be serious about their reputation, have you ever made the effort to recommend them to someone outside the forum who is a gambler and has knowledge about cryptocurrency but has never tried using cryptocurrency to gamble? What was their reaction? I like to know if they were excited by the idea or did not even consider it. If they started using the casino on your recommendation, did you check back with them to know if they continued?

What reason(s) will you give to support your recommendation to someone interested in trading to choose crypto trading ahead of Forex?

EDIT: The discussion is for those who would recommend crypto trading, not those who won't or have neutral opinions.

There was a recent mention of VAT on withdrawals from Kucoin from this
discussion; if you missed it, the quoted text below is for you so you can catch up on the discussion.

How does the VAT on Kucoin works cause I've made several withdrawals without being charged.

You will find the VAT added to the regular amount attached to the transaction fee.

If the Tx fee is 1 USDT, for example, on the BEP20 network, the VAT will make it 1.6 USDT. If you don't look well, you will miss it.

After that discussion, I noticed that the BEP20 network was unavailable for a while, and then when it was back up, this is the new development.

There is no longer a fee or even VAT on the BEP20 network; it is now zero fees, but on the other networks available, TRC2O, ERC20, SOL, even TON, that was free, and the others now have VAT on them. Can someone explain this change and why the BEP20 network is tax-free?

(I will upload a screenshot for those who do not use Kucoin immediately Talkimg.com is done with their maintenance.)

As an individual considering to start trading, understand that the money you can lose trying to learn to trade on your own when you know that learning on your own is a difficulty will be more than the amount of money you will spend if you decide to get a mentor, teacher, or guide early.

A mentor, teacher or guide will not only teach you the basics in the order of importance and how you should know it, but will also share with you their experience, and that can be very invaluable.

Some early mistakes in trading are capable of ending your trading career. A mentor, teacher, or guide can help you avoid some of these major pitfalls.

Together with the other charges, The Nigerian government used the excuse of Binance and some other exchanges having a hand in affecting the exchange rate of the Naira against dollars to pursue Binance p2p from operating in the country. Much has not changed ever since and the Dollar exchange rate is as high as it was even without Binance.

Don't you think our government should allow Binance back into business in Nigeria and drop the money laundering case?

Please just state your opinion without trying to advise me as a reply;

How do you consider the last quarter of the year? A time to take more financial risk or be reserved and more cautious.

It is the opinion of some people that the last quarter of the year is a time to gather and save up money for the expenses of the festivities, and January can be tough. What do you think about starting up a business in this last quarter of the year as someone who is an average income earner?

[Do you consider gamblers who bet on fewer games that they can watch to be gambling more for fun than to make money?]

This discussion is mostly about sporting events, for instance, football.

Do you consider gamblers who bet on fewer games that they can watch to be gambling more for fun than to make money?

My answer
It is a yes for me, because fun is not just in betting on these games, but following up with these games by watching them contributes to the fun you intend to have. If you bet on so many games across many leagues that have kick-off times clashing, then you are obviously betting with more intention to make money than have fun because there is no way you are going to watch all these games at the same time.

What do you think? Is it possible for a gambler with a long bet slip to be gambling for fun?

It is not my intention to add to the number of post already in this forum about the upcoming elections in the US, but this is a topic that I consider interesting and found it in AltcoinTalks. I am quoting it because I think the responses here will be unique to every individual who loves bitcoin.

This is a polltopic for cryptoBitcoin people/crypto owners that are not living in the US and do not participate in US elections.

Just to see if cryptoBitcoin as a single issue is strong enough to even motivate non-US voters.

I do not agree with many of Trump's stances and opinions, but his support for crypto made me reflect: is this issue strong enough for me to cast a vote for him, and I am wondering about the rest of crypto owners around the world.

If you had the power to cast 1 magical vote for Trump, would you do it ?

(slight modifications have been made to the topic, to make it best suited for this board.)

For a trader who trades only one cryptocurrency pair, how do you think he/she can profit from trading only that pair?
- opening multiple positions?
- or trading with high leverage?

(I know trading with a low leverage and exercising patience can still be profitable, but that is not an answer I am expecting to see.)

EDITED

Considering risk and regret, which do you think will be the most painful for a gambler?

- the pain from taking a risk that they take on a bet and they lose, or the pain from regret of not taking a bet that ends up as the winning option, a life-changing amount?

These days, networking has been made easier with social media, where you can easily make a referral, and people on your contact list take it seriously based on the level of trust and reliability that they have for you.

If you make a referral and people who follow it are satisfied, their level of confidence and trust in you increases, and they value you more.

There is a need to be careful about the referrals you make, because some referrals are capable of ruining your image and the trust that people will have in you.

I have seen people question why bitcoin is still the first choice that is referred to new people in cryptocurrency who want to invest, and one reason for that is that bitcoin can be relied on when compared to other cryptocurrencies, especially the new ones, and you don't want to gamble with your referrals.

I know we always have to advise people to do their own research for any referral given to them, but still, you do not want to give someone a referral on some altcoin just for them to do their own research and find out that they just dodged a bullet.

Do not just refer to any cryptocurrency; refer to bitcoin when introducing a newbie to cryptocurrency.

There is a chance that the nature of the game has something to do with the gender that plays in that game most. There is no official study for this yet, but I am thinking that we will find more females playing and drawn to luck-based games than skill-based games because of how difficult the process of learning skill-based games may be.

Another observation about luck-based games that a new gambler with an interest in them has to know is that they have the potential to make you, as a gambler, spend more money gambling than skill-based games.

What do you think?

From my observation of some older traders who are consistently profitable in the market, I have observed that they usually are very consistent with their strategy or approach to the market.

Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.

One trading strategy is enough to make you successful until it is no longer working.

It is important as a gambler to review the trust that you have in a casino or gambling platform that you gamble on simply because casinos or gambling platform can change over time in the service quality that they deliver due to laxity in management or a change in management, or some other reasons.

Trust should never be absolute, your trusted casino can start failing without your knowledge if you do not follow up with them and the reviews that are receiving from their most recent customers, or new complains from other old customers.

When a casino or gambling platform earns your trust through the quality of service delivered, it is not impossible for that trust to be broken.

A recent conversation between me and @slaman29 on a topic in this forum(read here) showed me that we hold different opinions on the topic of diversification of investments. What is your opinion on the diversification of crypto investments?

Are you of the opinion that diversification is totally bad? or
The opinion that diversification is good if done correctly?