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Showing 20 of 2,919 results by EluguHcman
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Board Nigeria (Naija)
Re: Bitcoin Na Still the Chairman for the Crypto Street
by
EluguHcman
on 24/07/2025, 12:44:27 UTC
For this crypto space, Bitcoin na the only coin wey still stand gidigba. No be coin wey no dey follow hype or crowd, and today we go yan why Bitcoin na still the Oga on top for crypto, and why others still dey learn work.
You call Bitcoin Oga and I call it Chief of honorary staff in the crypto industry because, it is the first succeeded digital currency in the cryptography which existence and potentials has brought excellent performance for decentralized utilities given user the privilege being self custody with a high tendencies of users Privacies in the crypto ecosystem.

Not just limited to the above mentioned but has interestingly become a global asset whereas, it is situated amongst one of the fastest global growing asset with the potential to hold/store values against inflations and as well a most dominance crypto currency in the history of digital currency.

And it still holds the staff of honour as there had been no crypto currency to contend with it instead, other of the crawling digital currency are imitating to secure recognitions and valuability through the awareness of the Bitcoin.
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Board Gambling discussion
Re: Crypto Betting vs FIAT Betting
by
EluguHcman
on 24/07/2025, 11:57:42 UTC
What do you prefer in 2025?
Any new development in the 2025?

OP let me assume of all you have said is a talk about between regulated and unregulated casino/gambling platform you have been trying to emphasize about.
See... In my country, crypto is not illegal and the government are either not making tough policies for gamblers.

So on the quest of online gambling, I will always prefer to gamble in a regulating providers so as to secure a level of trusts that the crypto casino or gambling sites I am betting on has a legal reputation as the case maybe that they are operating government watch. So providing a KYC would not be my problem to me while my concern is genuineness and transparency of the provider.
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Topic
Board Beginners & Help
Re: Are Stablecoins Undermining Bitcoin's Original Mission?
by
EluguHcman
on 24/07/2025, 10:45:16 UTC
To me, that kind of holds Bitcoin back from becoming an alternative to fiat. What do you guys think? Does the dollar’s presence in crypto hurt more than help? I feel like it should be the opposite, Bitcoin taking over in a fiat-dominated world.
Nice topic OP. The most interest speculations about Bitcoin use case is it decentralizations, but what you need to understand that Bitcoin did not come invoke to replace the fiats rather acts as alternative form to facilitate transactions just like the traditional currencies but of it decentralized mode that users would be custodian to their funds there in Bitcoin.

The essence of stable coin pegged with the decentralized currency does not hold potential of contradicting the decentralization of Bitcoin rather, the associate is to profer price stability since Bitcoin is volatile and the interaction of the stable coins help digital currency users as alternative of exchange for users across the globe to process transactions effectively on the regard that there is still necessity of using the fiats.

That practically is to provide sustainability in the digital finance limiting the need to process your transactions with the banks and also a showoff of the variety that Bitcoin can friendly and convenient be used.
Although the stable coins as mentioned are Centralized values and not compulsory that every Bitcoin users have to use it. It is a choice but generally used to evaluate the values of Bitcoin.
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Board Gambling discussion
Re: The "Lottery Ticket" Mentality
by
EluguHcman
on 24/07/2025, 08:11:26 UTC
Somedays are just like that when we don't have to stress out brain too much especially when you have spent a lot of times just trying to figure where the winning tricks lies but yet never make it successful as thought.

I don't think if there is a difference from picking random teams without analytical thoughts and making decisions when your eyes are closed. By so doing, you are totally hopeless that you are going to win rather, you will only let luck decide for you.

To me I enjoy such strategies as far sport game is concerned because even with those energetic efforts you will still lean your hope of winning ok n luck. So I can say yeah, I am of that mentality of blindly betting in such cases m
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Board Speculation
Re: Youtuber said best time to sell bitcoin is when altcoins rally? Is this true?
by
EluguHcman
on 24/07/2025, 07:42:42 UTC
Basically, it was when altcoins start rallying this happens late stage bitcoin rally and this signals that bitcoin will have a correction and it makes sense to sell your bitcoin at that time.

Can anyone please let me know if there is any truth into this because I don't buy or care about altcoins and think they are junk. So when I hear that they are exploding in value and even in polls bitcoin is not the #1 pick or even #2.
I will advice you stay were you are, hold on to your Bitcoin portfolio and never be so emotional with the media news and jump into Alt Coins out of greed by selling your Bitcoins.
Although the affirmative Alt Coins are good utility and use assets due t their exponential potentials but I bet those are only feasible to bring investors profits after a pullback of Bitcoin.

For now we don't know when next rally of Bitcoin will come again after the last two weeks experience. It is hard to tell that investors will rollover to the Alts now or soonest because Bitcoin is only in a temporary price decline and a resistance level of $117K and $118K with a significant to skyrocket again as a matter of fact ...the bull market is not over yet.

Maybe those Alt Coins rally will come after the Bull run season and then set to dump which sensitively may drive investors FOMO to sell and having a strong look to diversify on the Alts. Everyone need to think well because the dimension of investing a lot like that in Bitcoin can be critically ill since Alt seasons is not periodical like Bitcoin market cycles occurs every 4 years.
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Board Gambling discussion
Re: When gambling what do you measure? Luck or chances?
by
EluguHcman
on 23/07/2025, 16:24:44 UTC
What's usually your pick as a gambler since sometimes some persons are luckier than others?
As noted that some bettors are just being luckier, sometimes, I don't really make out my time to analysis the games to consider which team in the sport bets has the potential to win, I just pick on random teams although, but I do still practice on the effort of analysing the games because I applies whatever strategies that I have think would make good outcomes.

But I don't see any of these a better strategy because the winning in sport bet can not be undermined from luck no matter how good we are in analyzing those games or how lucky we have been in past experiences. Being lucky to win can be seasonally undefined to determine when we can win.
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Board Economics
Re: The Ultimate Scarcity
by
EluguHcman
on 23/07/2025, 15:34:37 UTC
This text should be shown to every new user on social networks or to those who spend hours playing computer games. If someone asked themselves what they could do or get if they did not waste their precious time surfing Instagram, TikTok, and other similar networks. How much time is wasted on computer games that do nothing for a person except harm their eyes? It is difficult to explain the value of time to today's young generation. I try this on my children, but so far to no avail. Many people think that they can do everything, but the more enterprising ones are always one step ahead and take the best places. Therefore, OP, you have very subtly noted the value of time; it is necessary to value every minute, since today's life does not allow us to relax much.
The saying that "opportunity comes but once" is the look out to time that can not be reversed and not every past opportunities might not be reoccur those opportunities that may not be repeated but as for the time, once it is gone, it is gone.
So as human with every activities on timing, it is important to treat every given time expensive with accountable values on how it was spent or utilized.

Spending a whole time on computer Games and social networks which obviously, a lot of persons may prioritize their interests over the entertainments.
Being aware of this as a parent, it is our duty to guide our kids that playing computer games should be aimed on the educative potentials which could ignite our mental and social faculties with some quality and productive opportunities that can be applicable in real life. That is why I recommend kids to the imaginative creative games to prepare them productively instead of burning those energies just for the fun.

And that of the social media can also be explore with creativities and content creations which can be monetized too.
Nowadays is a thrive of accountability because time waits for nobody and every given opportunities should be utilized for good.

So I am on the ideal that we can still utilize those entertainment times but that is if only we foresees it possibilities to explore through them as we can not also deny the kids from those entertainments.
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Board Gambling discussion
Re: What is the cost of your mistakes?
by
EluguHcman
on 23/07/2025, 12:08:20 UTC
~SNIP~
I was addicted to gambling for a long time which caused me a lot of cost. And I have not been able to recover that damage till now. And during that time I also took some loans which I have not been able to repay till now besides losing my savings of about $10k. These were very bad moments for me. Sometimes I would go there for fun and lose money, sometimes I would get greedy and sometimes I would get emotional and continue gambling. All in all I was completely psychologically sick. But when I lost my entire savings then slowly I started to regret and from that I was able to slowly come out of my deep addiction to gambling. When I remember those previous incidents, I still feel very guilty.
This is a very sad incident where it is very difficult to forgive yourself. But since you have been able to come out of that deep addiction, forget your past and start a new life and try to control yourself from now on. If you go to gamble again, then definitely remember your previous history and never use more money than you can afford. And I will give you an honest advice that is that you take a break from gambling for some more days so that your previous addiction cannot affect you in any way. And when you become completely normal, you should enjoy gambling if you want. But of course it should be to the extent that you can control yourself from there.
Taking a break to fight addiction as a matter of gambling out of self control is not really the best move because it is not easy to take the break and even when the victim is encaged, the high urge of gambling will always be there and banging unconsciously in their head like gambling has become part of the routine of their lives there by if deprived that chances to gamble could be traumatic and a heavy psychological blow.

Literally they don't fight addiction with forces but technically on gradual processes While victims conciously remarks that they are really into trouble by realizing resources they have lost at the course of gambling for fun and chasing profits are unrecoverable. So, he have to move on and forget about the past.
It is a matter of gathering courage by limiting your interests and not implying your emotions while gambling.

Then when you finally realized what gambling as a game of risk is all about, then you will understand that it is not worth leveraging all that unaffordable values or taking that high risk of borrowing and using your savings to gamble.
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Board Politics & Society
Re: Pregnancy before marriage or after marriage, which do you prefer?
by
EluguHcman
on 23/07/2025, 10:58:14 UTC
Let me take this up from the insight of my culture as an African. We prioritizes marriage as a union to live together and forever affirmatively to bear children and whereas the wife is been unable to conceive, they both begin to worry about which of the partners fault it is which would lead to medical test running to resolve whatever that maybe the problem and if by means all sorts of tests and research has been made and to no avail, the man may have no option than to pick another wife because bearing a biological parent is very necessary in the African culture unlike some cultures that are not bothered about biological children Instead they prefers to adopt.

And nowadays that youths has not been careful about their health especially the abuse of sexuality, both males and females has become fond of drugs intake to support their performance which substance may have reproductive side effects between between both the male and the females organs.
And one of the effective cause of the females being unable to conceive in marriage is the repercussions of abortions during their youthful life when they were single.

So as for me, I will feel the real man having my own biological children and not adoption and so, I would not want to pick a second wife either due to her inability to conceive and with the trends of nowadays that youths has become neglected health wise and only look out to fun, I suggest pregnancy before marriage but if partners has checkmate on themselves and are sure of no negative effects to breach reproduction, it is okay to go marriage before pregnancy because by then, all reproductive fitness is assured in orderliness.
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Topic
Board Gambling discussion
Re: What is the cost of your mistakes?
by
EluguHcman
on 23/07/2025, 08:50:01 UTC
So, how much did your mistakes cost? Did they cause you a serious psychological blow? What were your mistakes, did you learn from these mistakes and do you apply this knowledge in practice now?
First I will say every form of mistakes being risk and financial management experienced by every gamblers is accompanied with a level of psychological effects, although we would not know how heavy it is to say it is a blow but the truth is that at some points, we tend to let go while some may keep struggling over dealing with it.

Everyone of us from the beginning has fallen victim to this from the start as beginners but due to how much aware we are about the psychological effects, we have to apply some terms that is to guide us through, beat them up and take absolute control over them so that it does not install traumatism that would reshape us from gambling without self control and effortlessly nothing good to write about as acknowledgeable experiences or fun.
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Board Gambling discussion
Re: Why some countries gamble more than the others?
by
EluguHcman
on 22/07/2025, 23:47:09 UTC
1. Support from the government.
Countries who gamble a lot has solid laws protecting their players so gamblers in those countries can just freely gamble as much as they want without having to worry about their rights. This doesn't mean that the countries have very free and loose rules but it just means that they have clear frameworks. Some other countries have some limitations but since their rules are clear, many still gamble.
This is a 50/50. Some countries are liberty to gamble freely and friendly with a massive population of gamblers because their governments are strongly behind the gambling regulations and had set-up terms that would responsibly let the citizens gamble responsibly while the gambling companies reputations are highily and strictly in accordance unbiased.

Meanwhile... In some countries, the gamblers in the regions gambles without the government concerns or the players well-being. No responsible conducts instead, the regulations of the governments is prioritizes or taxing the companies on the issuing ot licences.

This is why we have addicted gamblers in surplus and yet, governments plays less concerned over their welfare.

.
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Board Bitcoin Discussion
Re: your bitcoin is not yours.
by
EluguHcman
on 22/07/2025, 13:26:34 UTC
one way is writing off your bitcoins as not yours. that money is not yours to spend. just forget about it. the more you look at it, the more you will just want to sell it especially when you see the value of bitcoin.


I disagree with the motion of forgetting it is yours because, you can not be regularly depositing on the wallet holding your assets with your hard earned funds and have such mindset that it is not yours.
It is your and it is yours which will even give you a more zeal to keep holding in the long term because it would be your hope in the uncertain future.
On that note, if you are a consistent and undistractable investor, it would encourage you to keep up holding and hopeful in the long term. But I agree on the side that we have to regularly paying attention on the market price because it drives the act of emotions exempt for those on the accumulation strategies of buying at the dip.
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Board Gambling discussion
Re: Which is more regrettable?
by
EluguHcman
on 22/07/2025, 13:17:27 UTC
Let's say when gambling, you follow a specific pattern. Let us use lottery for example. You bet on the same specific set of numbers. What would be more regrettable? Betting on the same set of numbers for the rest of your life and not winning or... changing up the set you bet on only for your old set to win?
OP I understand the point you are going and I experience this kind of regrets on the casino spinning.
You keep on betting on a specific odd or color overtimes but the spinner arrow never comes to my direction but once I bet on the other outcome is when the spinner arrow points on the formal segments I have been betting on and was loosing.

What I do in such scenario is to opt out in the main time because I will begin to have that mindset that the house edge is doing some manipulations and not to have a bad time I just exit until other times.

In that case I can not tell what decision feels more regrettable because no either way is guaranteed to assure winning instead I hope on better luck in other times.
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Topic
Board Bitcoin Discussion
Re: your bitcoin is not yours.
by
EluguHcman
on 22/07/2025, 10:20:02 UTC
i am aware we all have different strategies and goals for our investments but i am sure that a lot of us are planning to hold bitcoin for the long term and it got me thinking what ways could we do to prevent us from being tempted to sell our bitcoins and spend it on unnecessary things
First you need to understand that the fact someone who had initial plans of holding their Bitcoins for the long term but sold in the short term does not mean unnecessary expenditures.
They sold for vital and necessary reasons that are best known to them but we can only say they deviating from your investment plans of long term to Short term is not encouraging. Especially to those who takes the decision out of emotions.

So literally if you want to be strictly abides to your long term investment goal, build your emotions resist FOMO and investors sentimental behaviors and also strive on maximizing your source of active Income so that you either don't have to sell out of emergency needs.
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Topic
Board Beginners & Help
Re: Why are you taking profit on bitcoin?
by
EluguHcman
on 22/07/2025, 08:34:52 UTC
Holding a long time is key to get profit with your investment in Bitcoin but people mostly shake their hands in corrections, dips during a bull run or in a bear market with panic sell. It is very easy to say hold while practically it is really hard to do with people who are newbies and lack of knowledge of Bitcoin market cycle as well as power of holding.

If you have profit and want to take it, is it bad action? I really don't think so but my advice is if you can try to hold your bitcoin over some market cycles like two or three, you can get very good profit and also feel less headache than trying to time the market within only one market cycle.
And most times, what thrives this behavior is pegged on the investors source of active Incomes because once it is negatively affected, even those who strives of holding for a longer time would have no choice than to sell their assets for their short term needs.
 
And this is why there is need for diversifications for source of Incomes so that on no account should you be prompted to sell out of emergency needs that would cut you off from your earlier On investment plans.

However, we literally can no troll on those selling in the short term because every investors reacts according to their emotions and their active incomes which everyone must not have to be long term investors even though we know long term investment plans is the best for investors to maximize their profits.

Indeed there is always that term of garbage in and garbage out in the crypto markets as long the retailers are there.
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Board Gambling discussion
Re: When you're winning you can't sleep
by
EluguHcman
on 20/07/2025, 12:42:45 UTC
Emotion is never advised to be implied in gambling and where we have spent or stake values that we can not tolerate to loose so easily can be tormenting that we would feel restless.

If you ask me OP, I will say Loosing is what could trouble gamblers from having peaceful bed rest because the depression of loosing their values on chasing profits can be emotionally draining and destabilizing the good state of the heart beat to let you have peace of mind to sleep.

Winning is accompanied with excitement that I think will even make you sleep like a baby with less worries. So anyone on winning should have peaceful sleep with a good state of mind.
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Board Beginners & Help
Re: How do people gain profit when crypto is dropping?
by
EluguHcman
on 20/07/2025, 11:51:15 UTC
don't let anyone deceive you by telling you that even when they predict that the market will go up and it goes down that they are still making money, some people tell lies about there trading situation so you can see them as smart people and some also tell this lie's especially online so you can pay for them to teach you and when you pay they teach you opposite of what you paid for, it has happened to a friend of mine before similar thing like this and he paid to learn it and at the end of the day they taught him a different thing he was so angry because he has lost his money to something he didn't ask for, so I will advise you if you have not been taught about trading fine a good teacher that will teach you everything that you need to know very well so you won't be getting confused always.
OP is actually thought about how to stay risk free from Bitcoin investment otherwise, I don't see how anyone would be aware that investors are only in position of making profits when the market price increases above their buying entries will still think of making sam profits even when the market is going down.

Dear OP, what you ask for is absolutely impossible and I support what @SuperBitMan has said here that you should not let to be "deceived" by anyone with the claim that you can make profits even when the market is gone DIP also as when the market goes against your predictions as a trader.

The only profitable move you can take as an investor on the DIP is to buy more ane hold or if you are a swing trader you can also buy at the DIP and keep the market on monitor and sell when price increase.
If you are a future trader you can predict on what outcome will the price result in a specific time then if it falls against your predictions you wins but if it goes contrarily you loose. This is not prioritized on the DIP
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Board Gambling discussion
Re: Had my gambling history on track recently.
by
EluguHcman
on 20/07/2025, 10:32:30 UTC
I don't understand why people are congratulating @OP for being discipline and responsible with his gambling activity? Huh

Didn't you guys read @OP didn't set a limit how much he can gamble at that time with his friend? if he was discipline/responsible, he won't spent more than what he can afford to lose and he won't need to take a break for a month.

From this story, I would say @OP lacks of discipline, but the good thing he's not fallen to addiction.
It is what it is.
I am still that responsible gambler who has always be in control of himself regardless that I was almost in the trap of getting carried away with the entertainment feelings with my friend.

So I guess i deserve the congratulations from everyone who appreciated my endeavor of self control because not every gamblers who has gotten to my limit are successful of recalling back their lost emotions in gambling. At some points, it ends to addiction.
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Board Speculation
Re: Retail investors paticipation. How to monitor it?
by
EluguHcman
on 20/07/2025, 09:44:24 UTC
Anyhow, does anybody know what's the best way to check what's the retail investors' participation in the Bitcoin (or crypto in general) market?
I've seen crypto commentators and crypto news outlets commenting on retail participation being much lower than before but I don't have a clue how to check it at source.


Do major exchanges publish their detailed trading data anywhere, or is monitoring addresses with low balances the best proxy? If the latter, what would be the best range (e.g. addresses with more than 0.0001 but less than 0.01?) and does anyone knows a free website that publishes such info? I don't fancy paying for Premium account on Glassnode.
I think it would be important if we first understand who retailers are and their vision.
Retail investors could be those users who buys little amount of Bitcoins probably fractions (Satoshi) and holds for a short term goals. They don't tend to Invest on Bitcoin for a hedge of values like the instituional investors or companies do.

Likely, there are also Bitcoin or crypto users who are not investors. They are either not holding against inflation neither to make profits but literally using Bitcoin on their every day transactions payment purposes. They are either not traders too.

So looking at this, no exchange can detect who are retailers or whatsoever of investors because they don't know the reason of users owning Bitcoins.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
EluguHcman
on 19/07/2025, 16:42:45 UTC
It’s not entirely true. Bitcoin price is volatile so you can have profit as quickly as 1 day or shorter if you manage to purchase Bitcoin right before the price rally started.

It’s not necessarily true that you will only have profit on Bitcoin when holding long term while in fact Bitcoin price pump happened in spread time frame which means you can gain profit regardless how long or short you hold.

What you are saying is not true except that you have a trusted portfolio to give you the kind of profit you are saying on those rally, what they said about only getting profit in a long time is true, let me explain from the angle of those people who are using DCA on bitcoin, so actually there are people whom there monthly entry on bitcoin is not  up to $30 so actually even a 12 months is still nothing to give the person the kind of profit that would make them see that they have benefited on Bitcoin so actually is only when the person continue to hold will you see them having some profits, so yes long term holding is the answer.

Both of you opinions are still directing to one perception in the area of Short term profitability.
My contribution is that the crypto market is volatile and since we don't know when that rally that is to bring profits will happen, engaging on long term goal is what would assure investors the certainty of making profits.

And while we may also consider short term possibilities regardless of the volatility, the value of our portfolios should also be considered because it determines the rate of your profit which I am sure 1% of profit will not be enough when the value of our invested capital is insufficient to give us appreciable incomes.

While our discretionary incomes may not be sufficient that we can acquire a large amount of Bitcoin on our first and only entry to purchase the Bitcoin, there would be no choice than to engage on long term investment which discretionary incomes nomatter how little it may be will give us the opportunity to be accumulating little amount of Bitcoins on the DCA while the volatility market is revolved in the uncertainty in maximizing your profits.