Chips.gg Username: Mpamaegbu
Your ETH address in Chips.gg: 0xDd9F98B065Ae517Cb7cD1686eF01CDB716aA0DdA
Your Prediction: $116,250

Betpanda.io ID: 36J6LX
Your Prediction:  $116,250

Casinopunkz.io ID: JXpatdGGsh
Your Prediction: $116,250

I guess you're right on that. A lot of early adopters and users of Bitcoin got to it through their gambling and gaming activities. One of the OGs in this industry I know said he started using Bitcoin because of certain Ponzi schemes he was running back then. He narrated how he would send 0.5 BTC to ponzi sites which was nothing then. Till date, each time he talks about it, it's always with regret how he wasted what would've been a generational wealth for him.

Perhaps, maybe because of Bitcoin's early years of romance with gamblers and those thought to be criminally minded that made notable people in finance stay away from it, and even spoke against it. Looking at it now, I can't say I truly blame them.

Sometimes we dey even make am look like sey d opposite of Bitcoin na bank or fiat. No, e nor be so. Just like d opposite of stand nor be sit or the opposite of short nor take be tall, or white nor be black. We just need to get that mindset corrected at once.

For my own part, I nor dey like leave money for bank sef even when I nor put am for Bitcoin. For Naija, inflation dey deal wit us well well and e go make sense make people nor dey leave dem money for bank. Instead, na to leave am for stablecoin. Na dat wan make sense die.

Everyone in business takes a hit once in a while. It must surely happen. Those who quit immediately they suffer losses without staying back to find out why they lost or are losing in order to fashion a way forward hardly grow in that business. Gambling is a business. Those who indulge it should be ready to stomach the losses that come with it. Knowing this, and to keep ourselves safe from elapsing into addiction, every gambler should know when they hit they limit and take some time off. Otherwise, continuing to play when one is in losses simply points to addiction.

Of course not. There's no way everyone will think alike. That will be boring. However, it may interest you to know that most traders have the same trading strategies and that's why big players, hedge funds, big banks trading FX, whales are able to hunt stop losses. They know where most traders will keep their SLs and go hunt them through price manipulation.

Well, I really don't think it's that difficult as you've misconstrued me. But for beginners, it's. Not even just for beginners, it's for most. What's the percentage of profitable traders, to start with? You and I know it's not encouraging at all. If trading were that easy, that wouldn't be the case.

I actually tried it out during my formative years in trading. It never worked because it kept hitting SL. The best way to go about trading is to have a working strategy that aligns with your thought. You can't be trading in opposite direction of what your strategy signals to you.

Oh, really? So, you think if it works that way every trader who has suffered losses wouldn't have turned their way around or you think it hadn't occured to anyone of them to think the way you just enumerated? Just so you know, trading and its psychology don't work that way.

Yes, Bitcoin is a good buy now. Don't look at how high it has got, it will still go up more by my expectations.

Having enough equity is a relative expression because what is scarce to you may be much to someone else. It would've been better you stated how much funds you had so the community could advise you well.

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Again, and more importantly, sometimes it seems we waste our time responding to newbie questions. OP hasn't been around here ever since they dropped this question on July 31st. Today is August 5th. What does that tell us? In my books, it shows that OP wasn't really serious with the question they asked.

You succinctly pointed it all out there. It's a wise council you've there. That comment there gives strength to the axiom – block by block a house is built. Those who like waiting for a convenient time to invest will hardly get into investment. But by the little they've they can start up something and then grow it from there. Those who say they don't have money aren't, in the true sense of it, saying they don't have at all but that they can't spare any to inconvenience themselves in the bid that they want to invest. If anyone is 100% certain that a particular investment would yield them profit within a few days, they would do all they can; including borrowing to invest, isn't it?

You guys shouldn't overrate those so-called influencers. Most of them are actually influenza(s) in the real sense of that word. That was how I listened to one of them as a newbie and quickly sold off a vital token as BNB that I should've hedl. The dude "FUDed" on it and I sold off in panic. Look at where BNB is today.

From the screenshot you shared, those months marked in red are supposed to be the real deal months to even get Bitcoin to its peak. Bitcoin is yet to hit $150k and someone is talking of bear season upon us? Come on, that shouldn't be true. Fundamentals are in favour of Bitcoin as of today that can even last it a few months. Just check out how whales are pilling up more Bitcoin. Every dump is quickly eaten up. So, how is Bitcoin going to dump that hard to the $90k region? I don't see it happening this year. Perhaps that may come in 2026.

While sports in itself is skill based, betting on sports is a different ball game. I still maintain that gambling in itself generally is dependent on luck, whether it's slot or sports. Athletes may put in their best to win but results don't always turn out as planned. We get to find under dogs or minors take the shine off favourites, isn't it? That's the luck thing.

The only reason we see addiction as something bad is because those who are diagnosed to be suffering from it suffer loses. In the true sense of the word, anything one isn't able to control using is addiction. It will shock most of us to admit that several of us here suffer addiction to this forum. We frequent here and can't resist coming here daily. It's not just because we're in paid campaigns. I've seen members here who aren't in paid campaigns but they're like they sleep and bathe here. Why we don't take that as addiction? It's simple, we believe we aren't in harm's way; so, to say. But if constantly being here deprives us of quality time with family, then it's something to look into too. It harms the family. In a nutshell, I don't believe all addiction is negative.

Comparatively, it's the same thing. Whatever someone in a country with a hyperinflated economy wins in gambling doesn't make any difference like those who win in countries with controlled inflation because inflation will also diminish the win in hyperinflated economy The only difference will be if the win is in Bitcoin or some stablecoin. For instance, the Venezuela example. If the win is direct to the Venezuelan Bolívar, I don't think there's any advantage to it other than the excitement of winning big which still won't amount to much.

Overally, first off, what makes a good trader is profitability. It doesn't matter if one has acquired all the skills that you listed there or not. Win rate is the only thing that can prove that one is successful or not, not a mere understanding of those terminologies.

While I acknowledge that the three items you mentioned – TA, MM and Psychology, are of high necessity to achieving wins in trading, trading psychology or emotional control should come first.

Trading will test your patience. If you don't have the ability to overcome the necessary emotional control you're bound to make errors. Sometimes, traders have their technical analysis and Money Management techniques right but still end up not being profitable. The reason is because they're yet to get a firm grip on their trading emotion. Without a control of this, trading will always be done in panic. It's bad.

I won't even dare trade on those two exchanges you mentioned with Binance. Nah. There aren't in the same category with Binance. Trust me, those exchanges started getting mentions when Binance had issues over regulations with certain countries, even with its P2P getting banned in Nigeria. Before then, the ilk of Bybit, Bitget, OKX and Kucoin were smaller players compared to Binance. I got hooked to Bybit and Bitget because Binance got some issues with my country, though no regret using them now. But then, each to their own preferences. I can't say you aren't right in your preference.

Talking about hacks, Binance's funds are SAFU – Secure Asset Funds for Users. It simply means that funds are properly secured and investors there have nothing to worry about. That's what should matter to anyone. It's not about that an exchange hasn't got hacked before but that when it finally gets hacked can it bounce back? With Binance, I'm sleeping peacefully with both eyes closed.

What is influencing the growth in the number of traders?

Accessibility and little funds to start trading with are the two factors I can reference to.

In the past, exchanges and trading platforms weren't as ubiquitous as they're today. Even the few exchanges that were around didn't have the type of exciting offers and inducements as we've them today. I can remember how "normal" and "bland" the likes of Poloniex, Bittrex, Kraken, and a few others I can't remember now, were until Binance came and revolutionized the whole thing. It's exciting now with each modern exchange trying to outdo the other through healthy competition by enticing their subscriber with trading offers and incentives.

More so, as little as $10 now one can start trading.

It's normal for investors to take profit once they hit their targets, whether as collective action or as single whales. Whenever that happens, price must drop. It doesn't matter whether it's Bitcoin or not. Since Bitcoin is the rave of the moment, eyes are on it and every dip is easily caught. Now, here's where it gets interesting. Not every dump in price is caused by genuine drop in demand but by the manipulative activities of whales and market manipulators. That's why we ought to pay attention to the season we're in. Anyone who sells now because there's a dump in Bitcoin price doesn't understand what's happening. They've been played by whales.

You got me laughing there! What the heck did you mean there 😂. Anyway, whatever that's; it was nicely expressed.

If 5 being the 50% to go on the annual ROI, I will give it a 3. I choose 3 because I'm aware that very soon (perhaps after this bull season) there may not be anything as bull run as experienced in the past again. This run may be the last one. I expect a slow and steady growth in price movement and not this parabolic or active volatility we're experiencing now. So, I don't think we will be seeing that much spikes in the near future. Investors shouldn't be expecting that eye spinning type of ROI many experienced a few years ago.

Bitcoin is influencing the lives of the bold and courageous who take the risk and get involved in its use and investment. It doesn't matter whether they're tech savvy or educated. Once there's no investment, there's no expectation of reward. However, I must admit that those who are tech savvy have a better opportunity at understanding what it's and how to use it.