Buying bitcoin is always a great idea and a good investment.
But I want you to know that in every investment there's always a risk.
It is always advised to buy what you can afford to lose.
It is a festive season,  don't forget to have fun as well.
Also, don't forget to transfer your Bitcoin to your wallet.  
Binance is not a wallet but an exchange platform.
Happy new year to you too.

Trading and gambling are two different entities.

Trading is investing in a business or stock in hope of it rising so you can make some profit.
Gambling is investing or spending on a game and hoping for it to fall out right.
In trading, there are fundamental analysis and critical analysis you have to do before putting your money into it.
But in gambling, you've got zero power or control over it.

This is an awesome list. Thank you for putting this together.


You may like to check this out too: https://www.tradingview.com/
This is a useful site I found. this site helps to guide you through ways of investing, and how and when to.
It gives ideas based on technical analysis and fundamental analysis of bitcoin and other assets. Also, helps in the understanding of the market and why it's like that.

Thanks for your reply and suggestion, I'll try to read more.

On the little research, I did that's what I got. Can you please point out where I can get more accurate content?

INTRODUCTION TO BITCOIN MINING

Bitcoin mining is solving a series of complex puzzles and confirmation of blocks of transaction.  In this case, the miner gets a reward for every puzzle solved which leads to a confirmed block. This has always happened back in the early days of bitcoin. Some school of thought has it that bitcoin mining involves minting cryptocurrency and verifying or creating a new blockchain. We know that on average, every ten minutes a block is confirmed. This is one of the concepts that support the decentralization of Bitcoin or cryptocurrency in the world since no one has central authority to stop or influence the creation and verifying a blockchain.


AVERAGE COST OF MINING BITCOIN
Mining Bitcoin is very expensive and may not be profitable for an individual miner. On average, it cost over 20,000 dollars or more to set up a bitcoin mining business. An average person can’t afford this. The ranges at which the mining machine cost are:
Brand new ones: $10,000 – $20,000 and fairly used or old ones: $2000 - $8000, depending on the brand in question.


EFFECT OF AMOUNT OF ENERGY CONSUMED IN MINING BITCOIN
•   Mining bitcoin is expensive because of the amount of electricity needed to run a system or mining machine.
•   According to an article written by, Shawn Tully, 2021 states that “The report states that each Bitcoin transaction kilowatt-hours of electrcity. That’s the volume of energy that could “power the typical American home for six weeks,” the authors add. The Bitcoin mining that enables a purchase, sale, or transfer, it posits, uses a slug of electricity that costs $176. That number is based on an average worldwide cost per kWh of 9.0 cents over the past 12 months”.


SOURCES OF ENERGY USED IN BITCOIN MINING AND THE EFFECTS ON THE SOCIETY.
1.    Electricity: This is one of the most used sources of energy by bitcoin miners because of its availability and durability.
Effects of mining Bitcoin using electricity:
•   It wastes a lot of energy that would have been invested in other sectors of the economy the society.
•   Depending on location and cost of electricity of the miner, mining bitcoin may not be profitable.
•   Radiation from those multiple mining systems emits a lot of radical rays which contain cancerous substances that can cause harm to society.
2.   RENEWABLE ENERGY:  These are energies gotten mostly from natural sources which are converted to one form or the other. They don’t have any harmful effects on the greenhouse(ozone layer). Examples include solar, wind, and ocean tides.


EFFECTS OF MINING BITCOIN USING RENEWABLE ENERGY:

•    It’s efficient.
•   It saves cost when compared to electricity.
•   It’s expensive to set up.
•   It is affected by the geographical location of the miners.
•   Carbon emissions are not totally eradicated.
•   It’s not reliable, because it’s based on weather and seasons.
•   It produces a safer environment for people to live in.
•   More jobs are provided for the people in society.
•   Maintenance services are low when compared to electricity.
•   Miners make more profit.


CONCLUSION
In conclusion, bitcoin mining has a lot of pros and cons varying from the cost of electricity to carbon emissions. I suggest people go into mining using a renewable energy sources. But I’m open to suggestions and questions from everyone

Hey my people, how una dey?? I sai make I hail una.

My name Nah pouvoirp and i be confirm naija pikin.
I don dey for this forum for some time now and I still be newbie and just dey discover sai Nigerian board dey the forum.

I don dey hear about this crypto stuffs, like bitcoin, nfts, defi, metaverse and the whole matter dey scatter my head, so I go need  help of senior men and women here to understand am better. Abeg, make una no vex for my questions because I still be newbie.
 I wan thank @CryptopreneurBrainboss for creating this platform. I appreciate your work for this forum and for our Nigerian people for hear.

I honestly agree with that. Bitcoin being a decentralized currency, I.e it's not controlled by anyone and transactions can be viewed by all. It offers the freedom to do whatever you wish to do. I think the concept of bitcoin does not support dictatorship.
Bitcoin gives us the basic human rights attribute( freedom) which was the first thing that lured me into the crypto market.
Citizens should be allowed to make their own choices. As well as choosing their medium of payment.
If they're not adopting it as a better medium for a transaction exchange;
Are they adopting it for PUBLICATION purposes (since they're not a popular nation)??
Are they adopting it to gain an increase in the nearest FUTURE??
Do you think it's a negative move on the crypto market??

-El Salvador has just bought 200 new sets of bitcoins.
-Making it their official medium of financial exchange
- They now hold a total of 400 BTC.
- I wish other countries would adopt this method of transaction.
- They made sections on businesses that don't use chivo wallet and refuse to use BTC as a medium of financial transaction