Initially I was thinking that there is something we can do about this but a careful look at it shows we cannot do another. First, most beginner gamblers keep things to themselves and will never let anyone know they started gambling. You only get to know about their gambling when they have major win or major loss. Under this confidential arrangement, it becomes difficult even identifying beginners that you don't know. I feel that every gambler have to follow the natural process of learning from experience and any advice offered can only help to shorten the learning curve. When beginners experience continuous loses, they will begin to manage their risk properly and also put their greed in check. It is even rare for beginners to take advice, not when the driving force that got them into gambling is still very strong.
You have a point, it's difficult to to identify a beginner in gambling because they are mostly anonymous about their gambling life at the initial stage. But paraventure you come across any, it's would be of great help if you do a bit of explanation on the side effects of gambling if the person takes it too serious, or get addicted along the way. No matter how short your piece of advice might be, it would go a long way if the person is open to receiving advise. But the part were they learn from experience is one of the best way they can learn, because they can't easily forget what happened to dem along their gambling journey especially when it comes huge loss or win. |
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Some times, I dey forget how stressful to go bank be, especially when one or two don sup with your bank account. Based on say e don Tay wey I go bank or even get any issues with my account as e be say many minor transactions Na with all microfinance Bank Naim I dey use take dey run am. However the cashless period wey been happen before this time last year teach many people especially marketers and those small chops to dey accept transaction if not dem no go sell anything and perechable good go just dey spoil for their hand anyhow. That event really make am clear to us say, Nigerian dey very ready to adapt to any situation wey dem find their sef. Though many people still dey find am very difficult to understand some certain things but even both literate and illiterate people don already Sabi cashless business with only transfer. Though, majority of the crypto currency dey volatile in the sense that e no go too good for day to day business people as e fit make them run into loss after selling their goods finish, for instance now wey Bitcoin dey on price correction. But that Na why stable coins like USDT tether dey, for this kind of purpose. The USD Na currency wey dey very difficult to fluctuate with high volatile Na why most traders dey use USD stable coins before and after dem buy or sell their coin. USDT get a very big advantage of liquidity, Na why dem go be one of the best options for day to day business. But when we dey talk about large transaction business, Bitcoin Na I recommend. Today I been dey pass one bank, Na there I see how some person stand dey wait for ATM machine, I come dey jealous El Salvador. Assuming say our government see the importance of crypto currency before them dey waist all this precious time to fight against am e for make our lives much easier and secured.   I don hear of cases where by after person withdraw from bank or ATM finish as e dey go em destination, armed robbers go just ambush am collect everything for em hand because of exposure wey e don place emself for the bank. But when it comes to crypto currency, una fit dey house do the transaction wey no body go dey aware of sef. |
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Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.
I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.
It's obvious that after the bull we experience there would Na a price correction after the halving takes place, and I think we are actually experience the price correction but it's not yet intensive as predicted by some folks. However those who sold their Bitcoin might be trader who can utilise more profit by buying in the dip, but those who buy even at the ATH, they are those who have come to understanding of Bitcoin network and have seen the how trustworthy the network is. In fact, I can attest to the fact that they are not being Freaked anymore when the price dips or pump. |
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My country people, wonder sha never end. Finally we all suppose don find out say every treat from our today government na due to greed and selfishness. So recently our government demand 150 million dollars from oga kpata kpata for binance just to make the illegal Nigerian charges go away.
Op one thing wey go make your post dey very interesting Na when after you don write information like this, you go come drop link to where this one for dey happen, do that we go fit get enough knowledge and get the full picture of Wattin dey happen. This Na news, and dem fit charge you for plagiarism because source to your information no dey. |
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Bitcointalk Usermane: Makus
Blackjack.fun Username: Makus
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● lnvest when you know is on the bearish season
Op with the little knowledge I have acquired from reading about Bitcoin I disagree that investment should be made when it's on a bearish Season alone. Th n what about the Use of DCA strategy which implies that you are to make small chromatical installation of investment due to your ability. I doubt that Waiting for the bear season is the right thing to do when you have your funds at hand for investment. ● Invest what you can afford to lose
Investing what you can afford to lose? Really? Then what about those great Bitcoin enthusiasts who have thousands of Bitcoin worth over billions of Naira, do you insist that they should sell off their Bitcoin because of the risk associated? I think this statement should be directed to altcoins only, and it would have been much better if you segmented Bitcoin guide from altcoins because, they both have different price movements and reputation. ● Make a proper research before you invest bitcoin
It's essential that one know what he/she is getting emself/herself into before comitting their effort and finance to it. Well for Bitcoin you don't need much of knowledge before you can start investment, all you need is to know the basics of how wallet and transaction operates. But for altcoins you'll need to make extensive research which might not even be able to give a 100% prove that the coin would be a profitable coin. Wow, e just be like say you dey my mind to copy Wattin I get for head to write. Grace333 if you observe closely you go see say the op really segment the Bitcoin category from altcoins category, but the only issue Na be say most of the things wey dey the Bitcoin side supposed to dey for the altcoins segment because, if Bitcoin fit give you 5x or 10x what is the need of withdrawing when you can actually have more if you exercise more patient? Bitcoin no be like altcoins wey get trust issue and better coin wey you see today fit turn out to be scam project wey dey one corner dey wait for the right amount of market cap before e crash. Na why we need to dey very careful when we dey deal with altcoins investment. Op you don try well well to list all these point come outside, this thread go really help our newbies well well to know how to go about investment journey. |
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Another thing is that I keep saying that guys that got into bitcoin in the last year and a half are really somewhat spoiled since the BTC price has mostly just gone up in the last 18 months.. .. yet even though they are spoiled, there still can be a lot of dilemmas, especially for newbies who sometimes will feel that they need to cash out some profits, so I am not even suggesting that they might not be faced with some difficult decisions in regards to whether they are really committed to investing and building their BTC holdings over the longer term..
In as much as I started last year September and have Seen a bit of sideways and more of the bull, I can say for sure that I have gotten enough experience to challenge my decision and emotion because, I was on a high profit especially when Bitcoin broke the new ATH. But here is my belief, knowledge is usually stronger than assumption and predictions, however my knowledge I have about Bitcoin in relation to the reputation it has attained over the years is concrete enough to convince me that Bitcoin can still do more ATH. Experience starts only after taking actions, I am glad you get this far but one thing is missing here, where are you keeping your Bitcoin? I hope you know the difference of a open source Bitcoin wallet and a closed source Bitcoin wallet.
Sure mate, like I said earlier, when I started this thread I was a bit of a novice who had only little experience or idea in the crypto network, but as of today, I know the importance of security and the penalties that follows if you disregard any caution in safe guarding your mnemonic seed. I'm currently using an electrum wallet to store my Bitcoins but when it gets to a certain level I'll consider the use of a hardware wallet. |
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Hello community,
The community has been supportive of my work here since its creation, from my monthly statistics for the local board to giving free escrow services to the community and to fighting scammers and spammers. As you are all aware, the community has been targeted by a small number of spammers, making it difficult for genuine members to communicate and provide useful information in order to promote Bitcoin and the community.
As a dedicated member of our community, I decided to become your local board moderator in order to combat spam and scammers and make all topics worth to discuss. With your help and trust, we will have a clean community again. .
What do you guys think?
This thread will collect feedback from the community regarding me becoming a moderator.
congratulation boss as the moderator of the nigerian local board, indeed your face show your shoe shine, your during clear like like say we wear glasses. you deserve more boss, once again congratulations to our own moderator. |
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actually na normal thing say after bitcoin halving we go come experience the price correction wey go make the price of bitcoin waka come down, just like how e come down after bitcoin reach the previous ATH of $68k. so normally the price of bitcoin fit go down well well but person wey know em left and right know say bitcoin go still rise again because after the price correction na better pump in price naim we go see. the news and some social media talk dem fit present the matter in a scary way but make una no panic especially the newbies, if your aim na to invest for long term then you no suppose get issue with this changes because every great story start from somewhere and if to say some of those big holders quit them for no dey where dem dey today. i no too like the idea of selling bitcoin to buy altcoin this period because na now we go see many of those altcoins turn to shitcoins, and since bitcoin go experience some dip why not channel more fund to buy at a cheaper rate so that when the price pump again you go get better profit for hand?
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Are you too concern about failing? Are you afraid of making mistakes? Because you sound confused, you don't know which way to go about it, the thing is you have no past experience with Bitcoin investment, I understand but you need to start somewhere, so that you can also have past experience with Bitcoin.
You called your old phone useless, how will that turn into a good amount of money? I bet it won't be much after you sell the phone, see if you want this to be easy on you, it's better you get a source of income first, and start dollar cost averaging on Bitcoin after your pay days.
Sacrifice some percentage from your paycheck into Bitcoin every week or every month, this way you won't have to worry about what price you are buying Bitcoin at, you are simply scooping it up at the available prices, and make sure you hold until Bitcoin makes a new all time high.
If you are confused you should do your own research on DCA, and go on from here, it is very important that you have a source of income, this is the only way that Bitcoin investment will be easy for you, panic and unnecessary actions will be far away from you.
I agree with everything that you are suggesting Crypt0Gore, except, with bitcoin, I have my doubts about any kind of need to consider a specific exit price - even though surely it is good to know that you have abilities to buy and abilities to sell, but you would not necessarily plan on selling until maybe 4-10 years or longer down the road... and even at any point of starting to choose to sell some BTC, it would seem rash to be planning on selling large amounts of BTC rather than mostly erroring on the side of holding and/or selling small amounts... .. but surely, these are differences between an investment and a trader mindset and also difference in terms of how a person might consider BTC as perhaps being one of the best investments known to man... .. and yeah, it is not guaranteed to stay in such category... .. there are surely attacks against it.. especially in the self-custodial direction, which is what actually gives bitcoin its power and/or value. crypt0Gore I appreciate your concern, but if you check closely, this thread was created on the 8th of September and I had very little knowledge about bitcoin then, but all thanks to Mr. JJG and the "buy the dip and hold" thread that expanded my knowledge on bitcoin accumulation strategies. at first I use the money from my sold phone to buy some sats and I was a bit confused because I only knew about the lump sum strategy, but after my exposure to Mr. JJG teaching I begin to employ the DCA strategy and that helped me till today, though I deviated a bit and use the combination of more than just one strategy which kept me in a more comfortable state. today, I am proud of my bitcoin accumulation and holding and plan to keep it for long term close to a decade. |
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in as much as gambling is also considered a source of earning by winning a bet, it cannot guarantee that you'll be lucky forever, and the idea of gambling with one's last or when you are on the verge of being broke, it's not advisable that you should gamble with such money, except the only explanation is that the person is actually addi ted to gamble, because I see no reason to take such risk. for a truth, gambling is enjoyed when you don't have any pressure around you.
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I'm not against social media influencer promoting gamble, but what I'm complaining is the fact that, most of these influencer do lots of exaggeration on the casino or site thus making it seem very easy to make money from. But one thing is for sure, it is left for you to make the decision whether to check it out or just ignore it. But for beginners, they'll definitely want to check it out. However some influencer have lost some of their reputation by just running ads for a low quality casino site.
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Being a drug addict and also a gambler or gambling addict is one of the worst combo to be applied in this life, because both are huge problems to be solved and when you combine the two of them you're only gonna get yourself into trouble all the time. We most have thugs in the category of combining both drug addiction with gambling, and they are easily persuaded to involve in criminal acts to get money to sponsor their gambling or drug addiction. Psychological drug addiction can even make you loss your mind, so the possibility of a drug addict to make good selection in gambling is no way close to making good choices.
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For sure, some gambling site do run affiliate program in form of referral which in turn have a specific reward for referral. You and the referee might get the bonus, or any you in some cases. However this is just an advertisement strategy employed by the developers to gain more customers by promising each of the users of their platform the chance of getting a bonus/ reward if they meet the specification. How do you know that there is no young people here? This forum can be accessed without any age restrictions, even my 7 years old son can access this forum to read and watch everything (including gambling ads) in this forum if he wants. Not only in this forum but in wider place (the internet), there are many gambling ads out there. My opinion, we cant blame what people do in the internet that may lead others into bad things but we as viewers are those who responsible to ourselves. For kids, parents are those who are responsible for what their children watch in the internet.
The internet is indeed a place for all varieties of information and we are responsible for the outcome of what we allow to sink down into our head/mind. Though there are some ads that pops up on their own without you permission and you'll have to wait until it done before you can access your destined search, this is common on the YouTube app and some other apps which runs ads. |
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Good morning my fellow Nigerians, from my little experience for this industry I fit boldly tell you say if you no follow this principles e go hard you to make am for this industry. Nine make I say make i put down the 5 major keys way person need to make am for this crypto space. The first one na
saving and investing: many of us know this one but we no dey do am. This one na to keep small of your income aside for future use no be to chop all , and then investing na to put some of you income into some thing way go make that money increase value over time. save at least 10% of your income and invest like 20%, you go surely see changes, and then the second one na
Education and continuous learning: this one dey very important because na this one go keep you up to date , this one na to dey continuously gather knowledge and skills way go fit help you get more money.Then The third key na
entrepreneurship: Most of us know This one too , this one na to start and run your own business , so that you fit get other streams of income. So you no go dey depend on only one. the fourth key na
strategic planning and goal setting: This one na matter of setting clear financial goals and to create plans way go fit help you to achieve them. And the last one na
financial literacy: This one dey very important , make we tell ourselves the Truth, to get am clear for this industry, we really need to understand how money dey work , how to make am, how to manage am, and how to invest am. If you know this things e go really help your finance. And take you to the next level.
Op well done, I like the subheadings dem wey you create because, Na dem be the main Koko for person wey wan really start to invest for Bitcoin. the one wey I like pass Naim the education and continuous learning. dem say learning never ends and that Na true fact, even at old age we can still learn. |
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Bitcointalk Username: Makus
Blackjack.fun Username: Makus
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Just the way I dey hear of am for the first time, e fit be say person sef never hear of am, and that na because of the circulation of this scam for people ear no dey sufficient enough. Abeg make una still try dey update this scam matter for this board so that those wey never get the latest update fit identify one wen e see am. Them say one of the way to solve some problems na when you know the basic or don get experience before. Infact knowing the problem alon don give you hint on how to avoid am in the first place, so make we try update each other.
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