My country people I throwaway salute give all of una for this morning/afternoon/evening depending on when you see this post. This morning I dey listen new for radio I come hear when dem dey do newspaper review, them come read in headline say federal House of representatives don dey make move to discuss say dem wan stop sports betting, them no give full details and reason why this move wan happen because I no know weda diswan follow dey affect our economy wey dey cause hard time. This thing if e happen say dem stop am e go get negative and also positive effects on the street and by extension the whole country population.

So my own na be say how in see this move?? Wetin be the advantage and the disadvantage wey dis move fit get on the society especially the young people them, make we discuss our ideas how una see am.

[1. Discipline 2. Patience 3. Confidence.]

Trading is something most persons have diverse idea, perception and biases about, especially with cryptocurrency most persons will rather want to invest (HODL) than trade because they feel safe and profitable more with that method of engagement within the cryptocurrency space. Today I will be taking a leave from the norm into some essentialities that could rather help your trading journey just Incase you see an opportunity with it some day, there are various opportunities with trading not minding the risk and volatility involved, these opportunities to be explored could be seen in spot trading or futures trading and sometimes currency cross pairs (BTC/USD). I will be highlighting three points I consider very essential if you must succeed and stay profitable trading.

Specifically I will be talking about three things I think if you consider and fix them, there's no limit to how successful you can be trading, they includes 1. Discipline 2. Patience 3. Confidence. After proper studies and gaining the much needed knowledge to trade you need the above to helping your trading journey turn out a success.

1. DISCIPLINE: The ability to sticking to your strategy and risk management while trading can be considered discipline, in trading discipline entails a whole lot that if it were to be discussed it will have a thread of its own. After much learning and developing a strategy which cuts across your risk Management and your trading set ups which includes signs you see in the market before you take a trade, it's very important that you stick to this strategy especially your risk management strategy, it may not work some days but it definitely will some other days but sticking to it and maintaining it long enough gives you that edge of profitability whenever you set up shows up and you take good advantage of it, switching in-between different strategies does not maximize profitability staying true to one does.
2. PATIENCE: You must know that you strategy will not work in all market conditions depending on the kind of trader you happen to be and you are definitely not going to see your set up playing out all day on the charts and this is where patience comes in. You have to learn to be patient to waiting to see the signs and the set ups that tells you it's the best market conditions to trade and if you don't see these do not trade regardless of what is happening in the market, you shouldn't trade until you see your set up then you can maximize the opportunity to make good money from the market.
3. CONFIDENCE:if you have been patient enough to see your setup play out you can confidently execute your trades without doubts or waiting any further and having to trade emotionally due to FOMO. Confidence in that your set up over a good period of time has proven to be profitable, know that on the chart history repeats itself most often and your profitablity depends greatly on how you understand how it played out before and why it did happened that way, this will further boost your confidence into taking trades without fear and staying profitable, entering rightly and exiting rightly aswell.

Staying simple on the chart makes trading much more easier and less emotional avoiding so much complexity helps your confidence while trading. The above isn't a must but you will be profitable if you stay simple with that which is stated but if you find a different way suitable for you then stick to it and stay profitable Trading is dynamic but have its own basics you must follow els you may just be gambling.

My country pipo I use better greetings take salute every one of una wey dey here, I sure say as Bitcoin enthusiast wey most of una be, una go don hear about d news say government don remove the ban ontop cryptocurrency which includes Bitcoin so now we fit transact Bitcoin freely without fear say anybody go hold you say you dey run street or illegal. Now my own be say make we discuss how dis new development go take benefit all of us, me I see am say one of the way e go benefit us na to create a safe space for us to save our money make d value for no too come down because we know how our naira dey behave now but if ur moni dey crypto e no go too fall.

Some persons now fit openly come out come run dia crypto business, dat wan now go create employment and even government organization and other big organization now fit put head for the crypto mata so the future of crypto for we coutry now go get head and investors go enter our economy well well... Wetin you think ?? How we fit take utilize dis opportunity for our own good??.

[Here are some myth(false information) about Bitcoin you should note:]

It has become important that we begin to seek and gain the right information so we don't get mislead by some stories or false information been circulated by some people with mixed intentions which unsuspecting newbies fall pray and become victims of circumstances.

Certain information about Bitcoin has caused some persons to make wrong decisions, take unreasonable risk and sometimes end up in situations where they loose all there fund. So in this thread I would want us to discuss some popular myth about Bitcoin that has been put out there in the public, some of which are very misleading and could cause people to get into big mess especially newbies. Below I will be stating a few after which you can add any which you know about Bitcoin let's help save people from future problems.

Here are some myth(false information) about Bitcoin you should note:


1.  Bitcoin is a Ponzi scheme:: Bitcoin is not, it's never and can never be a Ponzi scheme. Rather Bitcoin is a digital asset, which can be used as a store for value or a means of payment for services and other financial transactions ,in some countries, it's regarded as a legal tender so Bitcoin is legit, real and not shutting down any time soon in the nearest future, Bitcoin has come to stay. It's the new and best innovative financial technology.

2.  Bitcoin is scam: it's really sad that most scammers are using Bitcoin to get at unsuspecting individuals but the idea that Bitcoin it's self is scam is false and not true, Bitcoin is real legal and very legitimate

3. Bitcoin is a get rich quick scheme: no doubts you can get Rich hodling but it's not something that happens almost immediately especially when you buy during the dip, but if you buy Bitcoin with a good sum of money and hodl for a long term you could definitely get rich hodling but it's not within a very short period of time with little capital.

4.  Bitcoin is on only DEXs: Bitcoin is actually on both DEX's and CEX's so it's falsehood to say Bitcoin is only on DEX`s

5.   Bitcoin isn't real money: like I said earlier, Bitcoin is considered legal tender in some countries and most stores and employee accepts Bitcoin as a mode of payment so Bitcoin is real money.


These are a few I could point out at the moment, but if you know of any, for the sake of education please post under this thread so others could learn and stay very much informed.

[1. Mindset.]

Personally I define Trading as the exchange of value for value this is because at the end of the day we trade small money to get bigger money and they are both valued at a price. Before I proceed any further it's important to know that sometimes our knowledge outside this forum may not equate our ranks here so  that doesn't mean quality information cannot be gotten from a low ranked person on this forum, some of us are good at what we do outside here. That been said let's quickly dalve dip into the subject matter.

Before you consider going into trading fully as a full time hustle or a hustle on the side, I advise you put the following to consideration first, I will be considering just two points and they are as follows:
1. Mindset.
2. Learning.

MINDSET:
This has a lot to do with the information you got earlier about trading that has caught your interest enough to want to go into trading. There are so many wrong perceptions about trading out there, one of which is, you get rich quick as soon as you venture in to trading. This has to be the height of falsehood in trading. It's true you can get Rich trading no doubts, but then you will have to put in some work as the wealth doesn't come suddenly or as soon as you start trading, so one should take off such mindset, have a change of such mind set if you did have such before as you may be disappointed sooner than later. Trading is not a Ponzi scheme, Rather just like every others, it's a skill and requires time to acquire after which you can then make a fortune out of it. This leads us to our next and last point.

LEARNING:
It's very important to know that your success in trading depends so much on how much information and education you have about trading before and while you are still trading. As a beginner trader, invest so much in learning before thinking of earning, this is very important. Get good quality education and information about trading, read books, take courses online or offline and make sure to get every good information possible about trading as this will greatly influence your success in your trading journey. Understand that you are acquiring a skill and that means it requires some time to gain mastery of the skill, so dedicate the necessary time required to Learning just as you do in college and soon you will be glad you did as you will be enjoying the results of learning first. Learn before you earn  so you don't have to spend all your earnings learning.