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The greatest mistakes most newbies make is to pursue quick wealth which they believe they will get from low cap tokens since they assume that Bitcoin have become too expensive. Due to this approach, a lot of newcomers waste fortune to shitcoins and scams, chasing the next big pumps and before they realize that Bitcoin is the real deal and the asset that will guarantee that their money is not lost.
I am therefore encouraging newbies to start investing in Bitcoin and never yield to the hypes going on that there is a shortcut to wealth via newly lunched projects that will pump hard following some supposed expert marketing. While getting proper knowledge, you can start investing and set 5 to 10 years target and see how happy you will be with Bitcoin.
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Since the bull market started last quarters of last year, we have seen more increase and minor retracements(often gradual retracement) but the last seven days have been very challenging for the Bitcoin market. The same period should be the first time in a long time that we are seeing Bitcoin price drop by 24%, a figure I consider a retracement. In the last 24hrs, Bitcoin have dropped over 12% in price which is the highest drop in price experienced in24hrs since last quarters of last year. The picture below is the data gotten from Coinmarketcap. To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss? Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?
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Whenever I win, I usually feel this strong urge to gamble more and also increase the amount I'm using to gamble. I do fall for this urge most times and the result is always disastrous as I end up losing the money I won with great pain and regrets. The only time I can say I have won is when I make withdrawals and possibly use the money for something else. As long as the money is still in the platform, there is a high chance of using it to gamble more. I decided to create this topic to see how other people manage their winning in gambling. If I notice a better approach, I will switch immediately as I don't want to continue experiencing the pain of winning and later losing the money again.
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I have tried so hard on how to frame this post so that it will.be well understood. I will lock this thread the moment anyone directs me to where similar issue have been addressed because I have checked but couldn't see one.
So here is the issue, assuming someone made a post and others dropped their comments as usual. Now I quoted comment of someone and added my contribution that is in-line with the discussion but later the person I quoted came and edited the post. By the present forum setting, my quote will still bear the previous comment meanwhile the person would have edited the post and might have even change his opinion on the subject. So wouldn't it be nice if whenever a post is edited, it reflects on wherever it was quoted? Can this be possible? If yes what impact will this have on discussions in this forum?
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Bitcoin halving was one of the greatest events all Bitcoin lover have been looking forward to. The implication of this will be that miners will have lower reward for mining Bitcoin which will lead to reduction in the quantity of free Bitcoin entering the market. As expected, this is meant to create scarcity and in turn increase in the price of Bitcoin. Many predictions have been made and that leaves one to imagine: - What path will Bitcoin chose following the halving
- If this event will lead to more Bitcoin related innovations?
- If this will lead to more people getting involved in Bitcoin
While I am optimistic that market will respond positively to the halving, initial reaction does not seem to support that, hence many will be wondering what is going on.
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Gambling is definitely not good for children, that is why there is age limitation in virtually all casinos. Unfortunately, children are becoming too smart and inquisitive, so I was just thinking about the possibilities of protecting children from getting involved in gambling. My worries was increased by the fact that there are physical casinos and betting shops(as they are called in my town) in many streets with big signboards. Children passes these places and some parents do stop by with their children to place a quick bet. Is there anything that can be done to protect children from gambling with reference to physical shops that they see everyday?
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Many people are going through gambling addiction but they manage to keep it a secret from their families and loved ones. The only people that know about their gambling activities are their close friends. In the event that you are one of those close friend to a gambling addict, do you think it is right to tell their loved ones with the intention that they will be able to talk to him and help him overcome his addiction? Can the advice of loved ones even help? What is the most effective way of going about gambling addiction.
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As a Nigerian, parental advice is highly treasured and to a large extent, shape the future of their children. Most people grow up following the script written for them by their parents in the form of advice. Of course, the type and advice from parents depends on what was trending then and the exposure level of the parents.
People within the age bracket of 25-40years will agree with me that the main wish/advice of parents to their children in Sub Saharan Africa was "go to school, graduate and get a job". Virtually every child then will confirm to have received this kinds of advice from their parents or guardians. The problem with this is that people were so focused in graduating to get a job rather than really doing what they would have loved doing. This same advice made a lot of people chose courses they wouldn't have studied just because they heard it will be easier for them to get a job with them. People from the oil rich region of Niger Delta can confirm how most of them studied engineering because they want to work in oil company. A lot of people including parents actually regret this kinds of advice including myself, many of my friends and even my cousin who is yet to get a job after graduating from Uniport with 2.2 in Gas Engineering.
Just so we make this a discussion, what do you consider the worst advice you received from your parents or the people you looked up to even though you know they meant well for you?
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I have come to understand and appreciate the saying that "little drops of water make a mighty ocean", the DCA method of buying Bitcoin brought me to that understanding. I have had this poor mindset of making huge profits from trading thereafter, invest part of it into Bitcoin holding as a hedge to my trading. This mindset have held me moving round the same cycle of profits and losses for over two years with no progress despite the pains and psychological torture that comes with losing streak in trading. Little did I know that buying little by little would have made me achieve even bigger results than I was targeting through trading. It was when I started being active in this forum I noticed that there is something called Dollar Cost Averaging (DCA) that enable someone buy Bitcoin even with small amount of money on a regular basis. I embraced it and it has changed my life!
Today I am a proud Bitcoin investor, with a portfolio that I can call an achievement even though it may not be something too big for some people. I am not making this post because of Bitcoin is rising in price, my focus is on the quantity of Bitcoin and not necessarily the dollar value. Besides, the DCA method has molded me to appreciate bear markets because that is the opportunity to collect more Bitcoin at lower prices.
I am sure there are many people with similar thing to say about the DCA method because I have engaged in many discussions where a good number of forum users confirmed to be using the DCA method, so I expect they will also be proud of what they have achieved through it.
To those who really helped in sharing their wealth of knowledge free of charge in this forum like @JayJuanGee, @Wind_FURY, @tranthidung and many others, you are all highly appreciated.
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There is a popular myth that after Bitcoin bull market comes the altcoin season with the altcoin season being a season where huge capitals flow into altcoins for those who would have missed buying Bitcoin at lower prices. There is some sense in this line of thought because it has happened that way in the past. From last year till now, Bitcoin has made over x3 and other cryptocurrencies has followed it but not all of them experienced this same level of growth.
So are we still expecting the altcoins season or the gains some of the altcoins made following Bitcoin is already classified as the altcoin season?
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It is a general believe in the cryptocurrency community that Bitcoin bull season is usually followed by altcoins season. I don't know the logic behind it hence the reason for this post. The present bull run seems to be dominated by Bitcoin and its already taking too long without corresponding rise in price among the notable altcoins.
So, should we also expect altcoin season following the current bull run? If yes, what are the best altcoins to focus on?
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It has just been reveal that BRICS nation have approved the admittance of Argentina, United Arab Emirate, Saudi Arabia, Iran, Ethiopia and Egypt following the summit in South Africa. Why many believe that this changes everything in the global politics, some believe that NATO have just infiltrated the BRICS in order to weaken them. According to Jackson Hinklle, while Egypt have receievd millions of dollars from US as aid, Argentina linked IMF that is controlled by the West and Saudi Arabia is the ally of the US that controls OPEC and the petrodollar while Iran is the enemy of the USA. Now that friends and enemies of the USA and NATO have joined the BRICS, is there no chances that one or some of the allies may be mole in BRICS, a way NATO's infiltration? Interesting times are really ahead for the world!
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The more businesses begin to integrate crypto payment in their daily activities, the more we see real progress regarding the entire concept. As of today, over 60,000 electric vehicle charging stations now accept Bitcoin across Europe, thanks to Lightening Network (source: https://mycryptowallet.com.au/news/bitcoin/bitcoin-now-accepted-at-60000-ev-charging-stations-across-europe/). Many businesses are also joining this trend as they realise the advantages offered by this amazing technology. Gradually, we will see even deeper penetration of Bitcoin and cryptocurrency at large.
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There have been a positive response of the market following the court rulling in favour of Ripple (XRP). The crypto market cap gained as much as 6.5% in the last 24 hours. Truly, we cannot deny the excitement that comes with this among crypto enthusiasts. But are we truly out of the woods? Is this enough fuel to sustain an upward trajectory? Well, there is still the case against Binance where over 60 other cryptocurrencies are classified as securities ( source: https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit); Sincerely, I am optimistic that the rulling on XRP will give a direction to those cases and in the end, crypto will win. Indeed, the future is looking promising for
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