First way to avoid getting scammed is to be Skeptical about everything, and unsolicited private messages or DMs should be treated with Skepticism hence if otherwise any dreams sold to you by anyone should not be bought, don't hesitate to leave such conversations that have too much of promise of returns to you.

I mainly want to be experienced in the technical aspects of Bitcoin. If I want to become expert in technical and development, please help me with information on what I need to learn and how I can move forward in this regard.

Res

If we can define well the kind of trader we are, then we are going to be profitable in it, to trade, we must understand the basics of doing it, also, it depends on the position taken and the direction at which the market is taking, for instance those that go for short position while the market is on downtrend will be in profit because they are accurate about the prediction taken and the market moves in their favour.

Criminal minded people has been there always as they will try and hide under the umbrella of Bitcoin to scam people so the most important thing is that investors in Bitcoin should be careful do that they don't fall victims to such people because alot of person's are leveraging on the opportunities that are abound in Bitcoin

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

I was reading a news article saying that bitcoins will not be safe once we have powerful quantum computers. Is there a good alternative way to store bitcoins safely in such a situation  ?

A friend of mine just got into Bitcoin, lucky for him, his successful. Before he started Bitcoin, he was actually into a good business of selling artwork which wasn't so bad. So he got introduced to Bitcoin and had a quick success. It's actually a good and exciting thing to see someone progress fast like that, but he quit selling artworks and other little businesses that kept him going he stopped, he now depends fully on Bitcoin. Bitcoin is the king no doubt, but From my Point of view I think that depending fully on it might be risky to you financially. I don't recommend anyone to depend solely on Bitcoin or any single asset. Bitcoin can fluctuate rapidly and market volatility might impact your financial stability. It is actually very risky to invest in a single asset. The part that scares me the most is that my friend has put all his resources into this one asset. If am wrong please correct me. Thanks

I have have seen similar threads like this on the forum and outside this forum about p2p merchants and their style of begging for funds. I have personally experienced different style of money extortion, incomplete payments, all form of excuses just to make make money from trades and this doesn't have anything to do with their rating and reputation, most of the time I don't trade with anyone below 97% rating and total trades in the last 30 trades, they turned to be the ones that engage in this practice the most.

Here is a list is similar things you can see from any p2p merchant and it doesn't have anything to do with their rating, reputation or even trades, it's even the ones with reputation that do this the most and if you are not careful, once you release coin to them, you can't do anything about it because you already agreed to have received the full payment. Here is a summary of things they do:

1. They begged to send you incomplete payment: If they are sending you money, let's say ₦52,000, they can beg you for the ₦2,000 on top to send you ₦50,000. This practice is very common in p2p traders. Here is one similar example on this thread.https://bitcointalk.org/index.php?topic=5551154.0

2. They purposely sent incomplete payments: I was a victim of this today and some happened months ago. I was expecting payment from this merchant, sent me incomplete payment and I didn't pay attention to the sent payments only to release usdt to him and I couldn't appeal despite the multiple complaints and report.

Here is one similar attempt that happened today.

https://www.talkimg.com/images/2025/07/22/UA5tZc.md.png

I was expecting the merchant to send me ₦49393 but instead he sent me ₦40323. You can see that the 9 is hidden, if I didn't pay good attention to the credit alert, I would have thought it was the agreed payment but they purposely did this to scam people. They know Bybit customer service is bad and wouldn't do anything about it, they know you can't report to the bank and this has been persistent with p2p, I can only imagine if they do this like 10 times in a day, scam each trade worth of ₦10,000, that's ₦100,000 in a day.

*Ways forward to stop this Pandemic scams and begging

Everything that happened on p2p exchanges seek for each party attention, only you the seller or buyer can prevent from been scam by anyone or when a trader tries to use emotional talk and pitty talk to extort you. How to prevent this:

1. Don't release payment until you confirmed payment on your mobile app: it's easy to for everyone to operate transactions on their mobile app these days, don't rely on sms alert, values can be altered, you might not get good view of your account balance. Make sure to use transaction history to check amount that came into your account before you release any coin.

2. Report traders that engage in fraudulent schemes and give negative reviews for begging: I do ignore traders that try to send me incomplete payment after sending the remaining amount or when they try to beg for money. However, I personally feel like it's because they are been ignored and actions are not taken against them is why they keep coming back. If for every trade they try to beg or scam and they are getting negative reviews, they will stop one day because their ratings will reduce.

https://www.talkimg.com/images/2025/07/22/UA5v6Z.md.png

This trader purposely sent me incomplete payment and when I complained, he later gave excuses and sent the rest. I still gave him the negative review; if they keep getting this reviews and ratings, they will stop these scam attempts.

3. Please pay attention to some numbers, ₦99000 is different from ₦90000, ₦89321 can be confused with ₦80321, they have ways of playing around with digits that if you don't pay good attention to them, you will think it's actual amount. This is my experience and this how you should deal with them to save other people from all this begging and scam attempts.

You've probably come across this kind of message "Send us your BTC and we'll double it" trick either on your Facebook, WhatsApp or Telegram. The painful part be say our Nigerian people still they fall for these kind scams every single day. And e dey make we wonder why abi wetin go drive you to go invest or send money inside one audio platform wey go promise to double your money within hours. Reason someone telling you to just send ₦100k worth of BTC and they will turn it to ₦200k for you within few hours or like some will claim they want to bless you.

Their Format
Some even hide under government backed empowerment Promos or programs to make this offer, while others hide under fake celebrity accounts to make it look like giveaway offers and even use words like sow your crypto seed today and reap double under 24 hours, etc. The aim is to prey on your frustration and financial desperation to scam you.

The Red flags
But here are also some red flags you should notice in this kind off message offer:
Make you know say these kind of offers dey always come attached with some urgency such as 'Only 5 slots left, grab now '. Some will even send you fake transaction receipts and fake testimonials from telegram users that never existed to in a sense lure u into believing in their tricks but it's all lies every time.

The real truth
The truth be say, there's no real crypto investment company or a legit trader, protocol or app which will tell you to double your funds magically, none of the real guys or companies can guarantee you that. Once you see person wey dey promise guaranteed instant profits with just a deposit, run away because it's a pure scam alert.

The reason why people still dey fall for these tricks be say plenty of our people have little knowledge on how these crypto works while many of them are in poverty and looking for ways they can escape from poverty.

But if you ask me also, I will tell you the reason why it's lucrative for the perpetrators is because there's no solid regulations around online promotions in Nigeria and because of that many become victims while the perpetrators go unpunished.

But what we can also do is to:
1. Educate ourselves about these scams
2. Do more of digital literacy advocacy online in our local dialects
3. Report scam accounts once you recognize one because we need more voices to protect the powerful reputation behind crypto in our lives.

Our solution
I will like to engage us in two exercises on this thread:
1. Share your personal experiences around a similar incident or case of crypto doubling scam you encountered
2. Once you see any advert of a crypto related scams like this, take a screenshot of it and drop it here for our more experienced members here to kind of debate or authenticate, before we end up falling for it.

Be it CEX or DEX it's not fine to leave your coins on an exchange because that way you don't control them since most times you don't have the keys and for the ones that give you keys it's still not fine since you are not the only one with access to those keys. They are called exchanges because you use them for exchanges and trading as the case may be but never are they fit for a hodling wallet.

As for wallets, when you choose a wallet choose an open source wallet avoid working with custodial wallets and some that use KYC verifications. Mostly importantly don't forget to keep your keys safe (brute forcing seeds is a nightmare).

I've heard that Bitcoin will finish mining in 2140, which is certainly a long way off. There's still a chance for us to continue dca BTC, as there's a strong possibility that in the future we'll see a higher BTC price than today, as BTC is constantly being mined, and we'll eventually see the BTC supply dwindle. Currently, I know there's only a small amount of unmined BTC left, approximately 1,100,000. While the number currently mined is 19,900,000, there's still time to accumulate BTC.

However, I'd like to know if there will be BTC miners once the supply is fully mined, and will the fees for sending from wallets to exchanges be high? I also wonder if the price fluctuations will be similar to the current bearish and bullish market. Currently, BTC is widely traded, buying at a low price and selling at a high price. But will BTC trading be possible in the future, similar to daily trading? I think this is worth discussing...

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Hi all

Looks like a short term draw back is in order for BTC.
I am thinking of selling to then buy back.
I am reluctant to do that, to be honest, before asking knowledgeable people about whether there still be Bitcoin waiting to be bought by me in next correction? I mean BTC availability due to its growing scarcity.
(Considering the volumes in which Black Rock, Michael Saylor and other big players are gobbling down BTC...)

Your thoughts please