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It is not even necessary or compulsory that everyone must invest in Bitcoin or believe what you tell them about Bitcoin investment, everyone has the right to believe and chose whatever they want until they realize they are either making the wrong decision or choice or they are making the right choice. The way Bitcoin has grown and the way the world is getting civilized I don't think people who still sees Bitcoin as scam are that plenty as a matter of fact some people are striving to gain the knowledge on how to start because of the potential they have seen in Bitcoin there is no where you would mention Bitcoin that people won't see it as a big asset.
Well, you are right.. everyone has the right to make decisions of their choice, whether the results will be positive or negative, it's their choice. But there are still more people that don't get the idea of Bitcoin, even though they have heard the name but they are not interested to know what it's all about.So, just you have said, because of how potential Bitcoin is, it has also motivate some people to pick interest in it, which is good for people to have the idea or even invest in it, because it's going to be a very beneficial assets to them and others too.
Omo, u don really try to bring up this kind thing, people mind go dey busy now, and from this contest e go help to bring out the best from person, even though some people no fit do am but with the courage from other people and as e be wetin competitive, e go make people to buckle up and also from this contest, plenty of us go dey learn one or two things from each other and plenty positive things wey e go impact.
But, e dey pain me say I no go fit participate because of say my account never reach two months, but I wish everyone wey go participate GOOD LUCK!
HAPPY 65 INDEPENDENCE IN ADVANCE!!!!!.
But, e dey pain me say I no go fit participate because of say my account never reach two months, but I wish everyone wey go participate GOOD LUCK!
HAPPY 65 INDEPENDENCE IN ADVANCE!!!!!.
Imagine I am a person from the seventies. I know nothing about current technology and Bitcoin.
Hearing the talk of Bitcoin around, I felt that I also need to invest here.
Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?
In my case, questions are very important for beginners. You should provide your best opinion here. So that the opinions are useful for those who want to start investing in Bitcoin.
For me, I always ask them or instruct them to go and learn or study what Bitcoin is really all about, by studying what Bitcoin is, they get to understand that Bitcoin is a volatile asset, which is essential for one to be aware of the potential risks and rewards too and most importantly, it's important for them to get a wallets that will secure or protect their investment, but first they will have to research on which app they want to download that will be suitable for them to use.Hearing the talk of Bitcoin around, I felt that I also need to invest here.
Now what advice would you give me? Which advice will have the highest chances of profiting from investment if I follow it?
In my case, questions are very important for beginners. You should provide your best opinion here. So that the opinions are useful for those who want to start investing in Bitcoin.
Also,it's essential for them to practice discipline, self-control and patience, because this can support them to achieve their goals. So no matter any age one is, as far as you can be able to adhere to all this rules, you can go to go.
Re: The best advise given to a friend that needs to invest in any scheme .
You did well by telling your friend about Bitcoin investment but one thing I was expecting from you to tell your friend is that he needs to be fully aware of the potential benefits risk aspect of Bitcoin, Bitcoin is not a quick and get rich scheme, for him to see reasonable profit he must able to for a long term unless maybe you are encouraging him for a short term profits maximization which can be very risky especially for a beginners because of the volatility nature of Bitcoin, he might invest and Bitcoin can dip, I just hope that you are giving him more lectures about Bitcoin investment.
Exactly, if newbies have this mindset, it can protect or help them to be to navigate through challenges and be able to achieve their goals.Also, having the knowledge and understanding that Bitcoin is not something that brings quick money, because of how fluctuating it can be, which is it's also crucial for them to be aware that Bitcoin is for long-term investment.
Having all the necessary awareness is very important if one wants to succeed in Bitcoin investment, because education and awareness are the key to success.
Re: A newbie shouldn't think of profit making but building up Bitcoin portfolio
Op I agree with you on most points. Most new investors have high expectations of getting high profits in a short time, which makes them think in the short term. Every new investor should try to increase their income source through hard work and build a long-term Bitcoin portfolio with patience. Do not waste your valuable time and hard earned capital in the hope of quick profits. Start buying Bitcoin with a quick decision and try to ensure the right use of time.
Do not pressure yourself to reach the top. Set your goal and start Bitcoin with whatever financial means you have because if your goal is fixed to do it long term then you will succeed one day. Forced investment most of the time does not lead to success.
The mentality of getting quick profits makes you greedy and this is the biggest obstacle in the way of achieving your goal. I think that in accumulating Bitcoin for the long term you can easily reach the goal without feeling pressure.
Exactly, you really nail it, one shouldn't put their mind in getting quick profits as soon as they start investing in Bitcoin. Instead they should work on themselves by building their mindset on focusing on steady progress, which it will easier for them to be able to navigate market fluctuations, because this can make them not to feel pressure just as you have highlighted.Do not pressure yourself to reach the top. Set your goal and start Bitcoin with whatever financial means you have because if your goal is fixed to do it long term then you will succeed one day. Forced investment most of the time does not lead to success.
The mentality of getting quick profits makes you greedy and this is the biggest obstacle in the way of achieving your goal. I think that in accumulating Bitcoin for the long term you can easily reach the goal without feeling pressure.
Also, once the spirit of greedy enter them, it will hard for them to chase their goals, that is it's crucial for them to discipline themselves.
Sometimes gambling becomes hope for other gamblers, because they watch or read in the news that someone who was once poor suddenly became rich because of gambling, so this is probably one of the reasons why they are inspired to play gambling.
Because they think they can imitate what the person who became rich playing casinos has experienced, but they don't think that the trend in the field
of the gambling industry that we live in here in the crypto space is not like that.
Well you are actually right but before they win like that, they have also loss more too.Because they think they can imitate what the person who became rich playing casinos has experienced, but they don't think that the trend in the field
of the gambling industry that we live in here in the crypto space is not like that.
And also, it's point for people to take note that it's not everybody who their luck always shine to win such a huge amount of money, especially those who are poor, can not win with a small amount of money, it's not they can win sha but those who bet with a huge amount are likely to win more and big amount than those who spend less.
Re: AI will not give you the opportunity to receive passive income.
And do you admit the idea that artificial intelligence will bring you money, lol?
When it comes to gambling, AI can not be used to make money. In fact, there is nothing that is presently existing that can be used to make money while gambly.Although, if you are not competing against the house but competing against other fellow gamblers, I have read that AI can be used to cheat. I do not know how truth this is.
But if it is about using AI to make money from the house, that is just a lie.
But, it's essential for one to be careful when it comes to gambling.
For me it’s the opposite. When I lose my bankroll I usually deposit more to chase my losses, and that ends up with me losing everything which turns into a bigger problem. I never really work hard just to finance my gambling, it’s more about losing patience. Greed kicks in, we break our own rules, and suddenly we gamble recklessly.
Gambling is not what will inspire you to get more, instead it will inspire you to lose more, which is why it's very important for one to always have self-control and discipline, because it can helps one to work or gamble within their budget.Also, discipline and self-control also helps one to gambling responsibly.
Re: Bitcoin is not just an investment asset, it's a global store of value.
At one time Bitcoin was considered only as one of the investment method. El Salvador has legalized Bitcoin through legal tender and its President Nayib Bukele is moving forward with a far reaching plan to use Bitcoin as a strategic reserve in the future. The most powerful country in the world the United States has passed bills to store Bitcoin as a strategic reserve in some of their states.
Gold and foreign currency reserves are held as the Federal Reserve of most of the country in the world to reduce inflation and maintain the balance of wealth. While most countries show gold and foreign currency holding as reserves the United States is taking its large economy to a stronger position by considering fuel oil and crude oil as reserves. Some of the new states that will be joined the plan consider Bitcoin as a strategic reserve along with gold and other valuable assets.
Based on demand and the US decision many around the world have started the process of implementing their plans in the same way, resulting in it becoming a global store of value. The number of Bitcoin users is increasing day by day and the number of investors is increasing.
Yes, you are right, the concept of Bitcoin as a strategic reserve is gaining traction globally.Gold and foreign currency reserves are held as the Federal Reserve of most of the country in the world to reduce inflation and maintain the balance of wealth. While most countries show gold and foreign currency holding as reserves the United States is taking its large economy to a stronger position by considering fuel oil and crude oil as reserves. Some of the new states that will be joined the plan consider Bitcoin as a strategic reserve along with gold and other valuable assets.
Based on demand and the US decision many around the world have started the process of implementing their plans in the same way, resulting in it becoming a global store of value. The number of Bitcoin users is increasing day by day and the number of investors is increasing.
Those countries which you mentioned above knows the benefits which Bitcoin bestows especially if they are reserved, because it can help them when inflation arises, also serve them as an financial innovation.
Re: How can we promote sustainable living in our communities?
Although people wey dey work to ensure say our environment dey clean dey but make we also put hands to also help them, because if everywhere clean and dey conducive for everyone to stay, na for the good of everybody too.
Advice are welcome.
Advice are welcome.
This is how we can promote a clean environment for us to reside in, it's not the responsibility of the government to do this for us. We're supposed to be practicing sanitation regularly and make it a common practice in our environment to keep the streets, gutter clean and after we have made this our duty, others will have no choice but to follow us in keeping the environment clean.
Our dirty environments is only affecting us and not others. For that reason, it's our responsibility to not throw away waterproofs or any waste on the streets and gutters. As you see someone doing this, correct them that instant and it'll send a strong message both to the users and other bystanders. The environment is ours to maintain and we shouldn't expect the authorities to do that for us.
Which we can also makes our country looks like that, so we should always keep ourselves and our country clean, because CLEANLINESS IS NEXT TO GODLINESS.
Re: What should be your primary goal with your bitcoin investment?
Yes you made a very good point but most of our problems are over greediness,in life we don't need to be too greedy,as long as you plan your investment and have some certain price in which the Bitcoin will rise to and you will sell your Bitcoin and take the profit and start up a fresh investment,if you can continue to maintain your stands and your plan believe me you will continue making progress little by little.
I know it May not always be at your faviour but the chances of losing totally will not be much, unlike what over greediness will cost you.. whenever you get to your target,you don't need to go further, make use of what you achieve no matter how little as you do that continuously so as to achieve your primary goal, and before you could know you will arrive at a point you can go beyond that.
Be contented with the little that have added to your capital investment and learning how are reduce risk in investment in order for you to be able to achieve your primary goal..
I know it May not always be at your faviour but the chances of losing totally will not be much, unlike what over greediness will cost you.. whenever you get to your target,you don't need to go further, make use of what you achieve no matter how little as you do that continuously so as to achieve your primary goal, and before you could know you will arrive at a point you can go beyond that.
Be contented with the little that have added to your capital investment and learning how are reduce risk in investment in order for you to be able to achieve your primary goal..
On point, if we try to exercise patience and discipline, things will be a little bit easy for us, especially when it comes to Bitcoin investment, because with these factors, we can be able to stick to our plans when we invest especially for a long-term and this can also help us to be able to navigate through challenges and be able to achieve our goals.
Re: When it comes to Bitcoin investment, prayer without effort is dead.
It's very unfortunate that most people still do not understand their stand till now. Because it is your effort in life that would going to lead you into what God plan for you in future, that is what most people normally forget. Hoping that whenever they just pray to God that everything would just work out for them easily, without remembering that heaven helps those who help themselves. More especially in this Bitcoin investment, you most definitely start from somewhere. Then as time goes on that is when you would start putting things in prayer, not when you do not have any good plans for yourself.
Exactly, in addition to this, they said whatever one wishes for themselves will come to pass, if you wish yourself good, good things will come to you, if you also wishes yourself bad, bad things will also come to you.So, we should always try and be positive, work towards our dreams and leave the rest for God, because faith without work is nothing, we can't be praying and be expecting miracle from above when we are not doing anything, even the bible also say it that LIFE and DEATH are in the power of the tongue.
How can we promote sustainable living in our communities?
We know say for this our country, we know really care if our environment dey clean or not, I don waka most places just dey too dirty to live and if person talk or tell them, they go reply person say dirty no dey kill African Man, which I think say na lie, dirty dey do plenty things for our body wey no good.
Which e go good if we put hands together to ensure cleanliness by reducing or recycling waste products, that is to keep am properly and not to dey littering am everywhere. Although people wey dey work to ensure say our environment dey clean dey but make we also put hands to also help them, because if everywhere clean and dey conducive for everyone to stay, na for the good of everybody too.
Advice are welcome.
Which e go good if we put hands together to ensure cleanliness by reducing or recycling waste products, that is to keep am properly and not to dey littering am everywhere. Although people wey dey work to ensure say our environment dey clean dey but make we also put hands to also help them, because if everywhere clean and dey conducive for everyone to stay, na for the good of everybody too.
Advice are welcome.
In gambling in general and in sports betting in particular, bankroll management is very important. It is really important because it helps to avoid financial disaster. But if you play not only for fun and thrills, then we should also remember about strategy. Many people implicitly try to replace strategy with bankroll management. But I think you will agree with me. We forget about strategies all the time. Bankroll management is not a strategy. Bankroll management only helps you not to lose your bankroll immediately. You will lose your bankroll gradually, slowly, but still you will not avoid losing your entire bankroll, because most likely you do not want to know anything about strategies or even replace them with bankroll management.
Do you agree with me? Or do you think that bankroll management is a strategy?
Do you agree with me? Or do you think that bankroll management is a strategy?
You are absolutely correct, bankroll management is not strategy, a strategy involves making a well informed decisions about which bets to place, etc. But bankroll helps one to preserve their funds, just as you have highlighted, gradually your funds will reduce but it can be spent entirely, because of your determination and discipline to focus on using funds without exceeding your budget.
And also, this helps one to be able to gamble or bet responsibly.
Our leaders don't have anything to think on regarding alleviating the masses than taking from them rather, which is absurd in behavior, all they knows best to do is to impose tax on the people without having the conscience of they are been affected by this or not, this is not making sense honestly, we have been always deprived of what belongs to us and the right to public opinion in democracy has been denied, because whatever then government want wanted to do will always come in place without the reasoning whether it cost the people or not, very soon, they will be implementing on policies that will be chasing away the people from active compliance in their regulations when they are all unbearable for the masses to pay.
You are right, the way the government are demanding for taxes is very gets people worried, they keep demanding without knowing the impact it's giving the people, they don't know how troubling is it and they don't care about how they are struggling to survive in this life and they are also making things difficult for people by putting a burden to them by paying taxes.
Before I will take our government seriously on issues relating to bitcoin and cryptocurrency in general, they should lift the ban on exchanges by removing the restrictions they placed on their various websites. Incase you don't know, you cannot access any crypto exchange in Nigeria without VPN, if you don't it, give it a try. That is because our government did that intentionally. When they lift this ban, then we will see them matching their words with actions. For now, we rather operate with care and keep our bitcoin activities as private as possible.
For me, I don't believe anything that comes out from the government concerning Bitcoin, they only talk about Bitcoin, they only change temporarily because of elections or they know what their it, Bitcoin has always be a torn in their flesh, even if they are doing it at the back corner.
solutions that allow shop owners to accept Bitcoin and auto-convert to naira instantly to avoid volatility.
What I know is when you receive Bitcoin you convert it to USDT or you leave it in Bitcoin and then trade it using P2P exchange, so if a supermarket is interested in accepting Bitcoin they should employ someone who will be in charge in doing the P2P trading, for now I don't think there's an auto-convert to naira app or device, however it can still be developed.
Having auto-convert to naira will be helpful because shops can now be accepting payment through Bitcoin without fear of volatility.
Some people may say it those not matter and that why should a shop owner be scared of Bitcoin volatility when even if Bitcoin falls in price it will surely rise again, if you are having this thought you need to understand that this is a business and they sell and restock there goods and they do this with the money they have already sold so you see they need to always have there money complete.
I'm happy to be here, I never knew we have Nigeria discussion place here.
Other forum I join don't have a place like this.
What I know is when you receive Bitcoin you convert it to USDT or you leave it in Bitcoin and then trade it using P2P exchange, so if a supermarket is interested in accepting Bitcoin they should employ someone who will be in charge in doing the P2P trading, for now I don't think there's an auto-convert to naira app or device, however it can still be developed.
Having auto-convert to naira will be helpful because shops can now be accepting payment through Bitcoin without fear of volatility.
Some people may say it those not matter and that why should a shop owner be scared of Bitcoin volatility when even if Bitcoin falls in price it will surely rise again, if you are having this thought you need to understand that this is a business and they sell and restock there goods and they do this with the money they have already sold so you see they need to always have there money complete.
I'm happy to be here, I never knew we have Nigeria discussion place here.
Other forum I join don't have a place like this.
You are right in what you said but for me, I don't think everyone will be interested to participate in Bitcoin or any crypto related discussion, because they see it as another me hint or ways to scam people, no matter how many times one explain to them, they won't adhere to it or will even change their mindset on anything crypto, instead they use the old method to get what they want.
Of course, money is hard to get but easy to spend, because some people will want to do things to feel among or to impress people.
And people hardly use or spend their money on what should be beneficial or what will generate money for them, instead they use their money for lavish things are not generate money for them that will grow them.
And people hardly use or spend their money on what should be beneficial or what will generate money for them, instead they use their money for lavish things are not generate money for them that will grow them.
⭐ Merited by Julien_Olynpic (1)
I'm really thrilled to have had the opportunity to invest in the CHAMBY token some time ago, and thankfully, I'm still holding, with high hopes of adding more CHAMBY token to my portfolio. I decided to visit this thread today and just figured out that the information on the new site said that the token operates on a decentralised model, and this has just strengthened my confidence in the potentials of this token in the long term. Because from what I know about decentralised tokens, they offer their users autonomy and more control over their assets, which of course promotes transparency and reduces the need for intermediaries, just like Bitcoin.
This is a great step by the Chamby team because the decentralised nature of this token aligns pretty well with the core principles of the Blockchain Technology and crypto and I'm glad to have had the opportunity to be part of this great project.
This is a great step by the Chamby team because the decentralised nature of this token aligns pretty well with the core principles of the Blockchain Technology and crypto and I'm glad to have had the opportunity to be part of this great project.