Bitcoin is a long term asset and HODLing without considering its long term trajectory at every phase of the investment will only mean failure. The Bitcoin market is very volatile and fluctuates a lot within the short term and if you allow yourself be distracted by these short-term volatility, then you'll definitely end up making a terrible mistake that may likely result to serious losses.

That portion of you decide to put have in fiat is called a backup fund, and back up funds are characterised in 3, the emergency funds, reserve funds and the float funds, these funds are essentially built to cover live expenses just as you called it earlier. Although there are certain things one should take care of first before thinking about leaving funds in Bitcoin, essential expenses should be covered first, like food and other essential expenses,then after taking care of those expenses, you can put aside a percentage of  your income for backup and whatever that's left could be used to purchase Bitcoin, that way you'll have cushion to protect your Bitcoin investment whenever future emergencies or expenses arise.

Exactly.
Alcohol addiction can indeed have more disastrous consequences and implications than gambling addictions, and the fact that alcohol influence can make people do stupid things that they may not even be entirely aware of is even more scarier. We've heard of how wild and crazy people can get when under the influence of alcohol, some even go as far as hurting others, only to sober up and start regretting their actions, some don't even remember everything that happened during their drunken state and you don't see this happening with irresponsible gambling, so I guess that settles it.

those gamblers who are incapable of accepting losses when they gamble are naive and ignorant because every gambler is meant to acknowledge the fact that gambling losses are inevitable and unavoidable, and gamblers are meant to lose more than they even win, so if a gambler is still crying over losses or is unwilling to accept losses, then that gambler isn't really ready to gamble because they'll keep chasing losses and lose more on the process. Learning to accept losses will potentially help a gambler take calculated risks and will critically consider the magnitude of every decision before taking it.

I have every reason to disagree with you on this assertion. Both alcohol and gambling are safe when done moderately and responsibly, and they can also be very harmful when abused, so invariably, they've both got same as one effects on an individual, depending on how they are approached and you'll be wrong to claim one is way better than the other. even if I'm to choose which one is better than the other, I'd even say gambling is better because gambling addiction can only mess up your finances, which could be rebuilt and regained with time, bit alcohol addiction will not only mess up your life but is also capable of influencing a person's behaviour negatively, leading them into making impulsive decisions. Plus, it's also capable of damaging your vital organs too, so how exactly is that better than something that is only capable of damaging your finances and maybe your relationship with people around you.

It's just like you rightly stated, it just all about getting lucky and mostly not about whichever strategy you choose to approach gambling with. Not like the strategy isn't needed or important, it is, but the truth is that gambling can be very unpredictable and you just never know when you'll make that big win. You could be using same strategy with someone and win more frequently than that person or vice versa, and then you might wanna ask why it's like that, inasmuch as your strategy may potentially give you an edge or increase your chances of winning, the fact still remains that in the long run, only luck may guarantee that win and realizing and acknowledging this fact would potentially help a gambler to set realistic expectations and also help them make more informed decisions.

Well it depends on the purpose of the money and how reputable that exchange really is. If it's funds you intend to hold for a long time then it's absolutely unsafe to hold your funds in an exchange, whether it's a reputable exchange or not. The only situation I'd advise leaving funds on a Centralised exchange is if it's funds that you have very short term plans for, or money you intend to use pretty soon, and you should make sure in that it's actually a reputable exchange. Other than this, it'll be a very foolish choice to want to leave funds on an exchange.

Inasmuch as there's actually sense in what you're saying, the truth still remains that every government has the right to decide on what's best for them and their people, as well as to decide what is to be banned and allowed within their jurisdiction. There are several reasons why some people would feel as though banning gambling within their region would be the best option. For those who have accepted the common misconceptions of gambling, which is that gambling can automatically reshape their financial status (making them reach) gambling becomes problematic to them and in this case, it may not only affect them alone but also the society at large in one way or the other. It could be that there's a widespread of this scenario, which may have led the government of that region to believe the best option would be to place a permban on gambling, and if you really get to consider the situation and weigh the options, you wouldn't really have to blame them that much.

I also find this reasoning to be flawed and misleading, I mean, why would anyone even think that those who make use of underground casinos are Yes it's true that some illegal sports or gambling can go in some underground casinos, like illegal fighting and more, but that doesn't mean that's the case with all underground casinos, neither does it mean that those gamblers who choose to go there are criminals. I mean there are several reasons why normal gamblers can choose to go to an underground There are areas where gambling is highly prohibited and people who wants to gamble would have no other choice, other than to make use of these casinos and that doesn't make them bad or criminals at all..

While that's true. The fact still remains that you just won't be able to know exactly when it'll crash, some believes that it pays off the first few persons, but how then would you know you're actually among the first few, how would you know you're among the first comers and now the other way around, this uncertainty makes Ponzi schemes very risky, and there are actually those that targets everyone, even those that are newcomers, so it's best to stay away completely from such high risk investments.

What you're saying is true, but the truth is that there are people who came in here through friends who didn't actually give them comprehensive information on how to navigate the forum, I remember when I came in here as a newbie, it was also hard for me to navigate through the forum because just like the OP, I was invited by a friend, I loved to play around with shitcoins and he recommended this forum to me as a guide, so I can learn more about Bitcoin and crypto at large, he didn't necessarily tell me where and where to visit here, but when I got registered, I had to discover all that myself, it wasn't easy but with time I got better and more familiar with the boards and other important things about the forum. So what OP needs is time to get well acquainted with the forum, that's all.

You're absolutely correct. And the problem with some of these folks is that they wouldn't even acknowledge their actions as being greedy, they'd rather see themselves as people who are taking risks. I have a friend who is so deeply into Ponzi schemes, he'd always jump at every single earning opportunity without first conducting an extensive research to know whether it's actually legit or not, and when he's asked, he'd say that he is simply taking risks and that life is all about risks, that's usually his comment when you try to talk to him about the dangers of his actions.

Yeah, quantum computers are indeed powerful computers that have the ability to potentially break the cryptography that Bitcoin uses, and this is something that can actually put people's Bitcoin at risk.
But some projects are actually working on using different kinds of cryptography that will be resistant to the power of the quantum computers. For example, some are actually looking in hash quantum cryptography or even other post quantum digital signature techs. If this is achieved, then the safety of crypto will be guaranteed, even with quantum computers around.

Around last year, I watched a video online where a young man was complaining bitterly about how shares which he inherited from his father was now worth nothing. According to him, his father bought the shares around 20 years ago and these shares were bought with lots of naira, and instead of these shares to yield interest and appreciate over the years, reverse was the case, it depreciated till it was almost worthless. I pity people who are still stacking up millions of naira in their bank accounts because they're making a terrible mistake that they'll regret in subsequent years.

Even if your estimation fit no really dey accurate, you still get point for wetin you dey try talk. We Naija people really get a long way to go for Bitcoin investment, only few for we Naija don really understand wetin Bitcoin really be about, and inside that few self wey understand, Na still few dey actively involved for Bitcoin, so the statistics supposed show say say very small number of people for this our country actually dey invest for this asset called Bitcoin. But this no be really bad thing altogether, Bitcoin I believe say Na still new technology wey still dey rise, especially for this part of the world, time still dey, and with time, more people go adopt Bitcoin and others go also see the amazing opportunity wey dey involved, and them too go also wan involve too, and small small, the number go drastically increase.

Even if them no necessarily carry you reach station, them go really put am for your body, just to make sure something come out from your Besides, person wey dey do Bitcoin something supposed get better funds Abi? So them go just wan collect their own share, even some of these men in black when them apprehend these yahoo boys, them no dey even carry them reach station, Na there there them go just collect their share or them go just make sure say them ginger you, put pressure for body and waste your time unnecessarily. You as a guy man no go wan go through that kyn stress so you go just bread them to go your way. Na why e good to just try as much as possible to just avoid them as much as you fit.

That's right. Who cares about losing a few bucks? I'm sure very few people would care if they lose around 0.5% of their bankroll in a session. A loss is mostly felt when the amount lost is severe, that's when you see a gambler finding it hard to forget a loss. And this is why an effective bankroll management is very essential to every gambler, and also gambling with an amount that they can actually afford to lose, gambling losses are unavoidable so it's only wise to prepare and anticipate those losses, so that when they come, you wouldn't have to feel much of the impact.

A lot is happening in the world today, especially in the online world, and it's quite unfortunate that scamming people have become very normal amongst youths in some part of the world and they even consider it as a source of livelihood, some even have some kind of schools where people go to learn how to do fraud, and thus why it's important to always monitor our kids' online activities and make sure that they don't get corrupted by these bad eggs in the society. Very soon, the fight against online scams would be way more serious that what we see today and those who are involved will definitely have serious penalties melted on them, and the least we could do is protect our young ones, and even when we find out that our kids are already involved, it's crucial to educate them, advice them and lead them towards a more better path.

Yeah, gambling has more disastrous and negative effects on the gambler when they indulge in irresponsible gambling, and when this happens more often, you'll tend to make more bad decisions that'll definitely affect your life negatively. I totally agree with you on what you said about even responsible gamblers making bad decisions and losing huge amounts of money sometimes, it happens to everyone and that doesn't always mean you're an irresponsible gambler, the difference between a responsible gambler and an irresponsible gambler is their actions or reactions after losing huge amounts in gambling, just like you said, some people evaluates and reassess their strategy and then take necessary steps towards avoiding they don't repeat the same mistakes, while others feels unbothered and wouldn't mind taking the same actions that led to their loss over and over again.

You're absolutely right. It only takes those who take calculated risks to really understand the implications of risk, because they know that taking bigger risks can potentially lead to to bigger possible outcomes, and these outcomes could either be positive or negative. There are those gamblers who rely heavily on luck and there are those who believe their strategy will guarantee them wins, which of course isn't necessarily how gambling works. Inasmuch as strategies can potentially influence probabilities, the fact still remains that gambling outcomes are mostly based on chances and no matter how good your strategy is, it can never eliminate risks completely.