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Showing 20 of 915 results by Sonia_123
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Board Gambling discussion
Re: No Amount is Affordable in Gambling
by
Sonia_123
on 25/07/2025, 22:22:00 UTC
We are used to say that a gambler should gamble with an amount he can afford to lose but in the actual sense do we think there is any amount a gambler can afford to lose? When a gambler places a stake what he sees is not the stake but the potential win. This is why when he does not win he panics regardless of how little the stake is and he will always mention the potential win rather than the stake as the amount lost. The gambling system especially sports betting works in a way that as a game plays the value of the stake keeps increasing and what may appear to be what the gambler can afford to lose may rise and become what he can no longer afford to lose and this becomes a source of concern for the gambler if he losses the bet. In fact, if a gambler accumulates the total of what he thinks he can afford to lose he would know that he is losing what he cannot afford to lose. I think that any penny spent on gambling is a money the gambler have decided to sacrifice with the hope of getting a bigger amount and not because he can afford to lose it.

What's your position on this thought?
The reason why it is afford to lose is that, when gambling, it is either you lose or win and if you win, it's your luck, and when you lose you forget about it, you can play your game for a very long time before you win or you don't even win at all.

As a gambler you must have made a total amount of bank roll which you will be spending for the whole month and even the year, am sure it will not be compared to the total amount of your personal needs expenses, spending what you can afford to lose will amount to close to nothing even if cumulatively calculated will still be nothing .
 The money afford to lose is like money you use for ice-cream or any other fun that you see as not important to your life and will not affect your daily expenses.
Post
Topic
Board Nigeria (Naija)
Re: Procrastination of your Bitcoin investment
by
Sonia_123
on 25/07/2025, 15:27:32 UTC
As the title of this post implies, procrastination of your Bitcoin investment, as we all know procrastination has killed  more destiny than failure has ever done, most people falls for this easily because they will be saying that the price of Bitcoin is too expensive now, so they are willing to wait a little longer let it dip in price, but once it dip, they still wouldn't invest, they will say that it may still drop further, and at the end of the day, they wouldn't even buy a unit of Bitcoin, so we should try to act as soon as possible in what ever we planned doing, not just in Bitcoin investment.
I can still remember when I had the opportunity to buy Solana when it was $12 in 2023 when Bitcoin was $28k, I said that I will buy it once I receive my salary from a job I was doing then, when I was paid, I was still skeptical about it, so I didn't bought it, in 2 months after towards the end of the year Solana rose to $200 plus, so why am saying this is because of procrastination, we should try to avoid or overcome it by all means, because it kills destiny more than failure does
The problem is not procrastination but fear, like you said thinking the price will drop, and if it drops you will still not buy because you still will be thinking that the price will drop to zero where by making the money you have invested lost it value or everything and nothing will be left for you, that is the mentality most of us have, we don't see Bitcoin as an asset maybe because it is not physical to us, some persons still doubt the existence of Bitcoin, even if they are seeing people cashing out, they still believe that Bitcoin will crash one day, they so believe in physical investment on an asset, forgetting the fact that physical investment assets can easily crash without receiving any benefits from it.

Those persons having such mind set are not ready for investment, but just sitting at the edge watching and analyzing the market. They are not the serious minded ones
Post
Topic
Board Nigeria (Naija)
Re: Reason I prefer saving my money in exchange to Bank
by
Sonia_123
on 25/07/2025, 15:04:57 UTC
Saving your money in an exchange is not safe either because you are not in total control of that money, the exchange controls it for you, you don't own that money since it is not in your custody but the exchange custody, it's  more of not having your money in your possession like you are keeping the money in someone care or account, and so the exchange can do whatever they want with your money, and there is nothing you can do about it, what if the exchange computers get hacked, or decide to have maintenance exercise and in the process all you have is no more what will you do, who will be held responsible


Bitcoin was created and designed for you to have financial freedom and to be autonomous that is you having total control of your asset, that is why you are to withdraw your Bitcoin from an exchange into your wallet for safety and security purpose,you withdrawing means, having your keys that allows you to have total transaction and management control of your Bitcoin, which means no one else can control your asset other than you.

If you want to keep your money safe in the bank, it is better to use one of our Fintech banks like Palm pay and others since they make banking process easy, faster,less risky and interest friendly for cryptocurrency users, unlike GT, FIRST BANK and others that are always there giving you problems withdrawing your funds without interest, no matter how long you bank with them.
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Board Services
Re: [OPEN] Spinly.io Signature Campaign || Full/Sr/Hero/Legendary - Up to $80/week
by
Sonia_123
on 25/07/2025, 09:40:22 UTC
Spinly.io Username: Sonia_123
Merits earned in the last 120 days:17
Post
Topic
Board Gambling discussion
Re: How can you enjoy the game when you are losing?
by
Sonia_123
on 23/07/2025, 23:57:45 UTC
Many users claim that they play for fun. At the same time, they do not hide the fact that all the money is lost one way or another, quickly or slowly. If you are losing money, then how can you enjoy it? I could never understand this. I would understand if a person said that now I am losing, but during the game I am learning and developing a strategy and a game system, and also testing this system during the game. In other words, you can play for research purposes and, losing money, enjoy the anticipation of future wins, since you have a promising strategy and a good consistent game system. But people generally do not play for research purposes. People just place bets more or less randomly, lose money and claim that they enjoy it. Is this stupidity or deceit? Maybe such people like the atmosphere of the game? But then why not play free games? But no, gamblers rarely play free games?
Why? The answer is paradoxical - because you can't lose money there, lol! And after that you say that gamblers are reasonable people.

Playing for fun is just a cover-up of our pains, we don't 100% play for fun.
As a new gambler or a learner in gambling we gamble to learn  strategies we can use in Winning even if we have read it in books we come live on board that is physical gambling or on computer to practice what we have read in other for us to be professional in the games, also playing with professionals in other to perfect our abilities, and so before you become perfect or professional you learn from others by continuously placing bet even though it's painful, you don't have a choice because that is the only way you learn to know if all what you have read or seen if been praticalized will work out .

 People gamble for knowledge, research purposes and others, but we have more of those that gamble for money than for knowledge because they see gambling as a get rich quick medium which is not true.
Post
Topic
Board Gambling discussion
Re: How quickly do you forget a loss
by
Sonia_123
on 23/07/2025, 23:27:30 UTC
There is no gamer that will say they haven’t lost a game at anytime. We have our different staking abilities, I am referring to what you consider your high staking power. Last season was my best season in sport gambling but I had days that i had bitter losses.

I will like to know how quickly do you forget a painful loss and bounce back. I hate losing and after a big loss I will be frank I don’t forget it immediately although I don’t let it define my next game but it takes a while for me to forget a big loss and the best way I forget about a loss is how fast I can have a win in my subsequent games. A win is like an antidote to my sadness after a loss. So how fast do you forget a loss and what can help you in forgetting about it.
Big losses are always difficult for me to forget, because I can't imagine after placing a bet with such an huge amount it will just go like that, it's always painful to see yourself lose,it takes time for me to forget about it, because of the financial impact it would have on my finance, but I don't allow  and base my next game on my last failure. I overcome it when am about to place a bet.

But when it comes to smaller loss, I quickly get over it since it will have no impact on my finance, although no one would wish himself loss in any game he his playing .
Post
Topic
Board Bitcoin Discussion
Re: Safely storing bitcoins
by
Sonia_123
on 23/07/2025, 23:05:23 UTC
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  ?

Let's imagine that we are criminals (in fact, honest people) and have access to the latest quantum computers capable of cracking modern encryption systems. Is it advisable for us (having such quantum computers) to hack bitcoin wallets of ordinary network users? At the same time, we even know in advance whether a specific bitcoin wallet contains satoshi for a large sum of money or not. Of course not! It is much more promising to hack the computer system of some large corporation that conducts an audit and inventory of its settlements once a quarter. During this time, many fictitious payments can be created in the corporation's accounting system, which will allow very large sums of money to be quietly stolen.  This is exactly what real criminals do, there have been such examples in history 👮

For real criminals who have received a super-effective tool for cracking codes, Bitcoin is far from the most interesting object for attack🦖

For example, if such quantum computers fall into the hands of state intelligence agencies (and this is most likely what will happen in practice), then their main interest will not be in Bitcoin, but in the military and industrial secrets of other states🥥

It is also necessary to take into account that the Bitcoin developers know perfectly well how to protect the network of the first cryptocurrency from such attacks. And if they have not yet changed the Bitcoin code, have not made the appropriate changes, it is only because these threats are currently potential, not real.💻
That is why it is very important to our for us to store our Bitcoin phrase properly without the knowledge of anyone because it can easily falsify your signature, the attacker can successfully steal your Bitcoin if the public keys exposed, they derived private keys from that exposed public keys by using a quantum computer without your permission .
Bitcoin is a Blockchain based system that validate transactions and secures our wallet because it rely on cryptographic algorithm with give quantum computers an edge to break through by allowing attackers to take over your asset.

The developers of Bitcoin will not allow this to happen and so they must be working to create a solution or prevention from allowing these from happening.
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Topic
Board Bitcoin Discussion
Re: Has El Salvador been lying to the world?
by
Sonia_123
on 23/07/2025, 21:57:34 UTC
Quote
El Salvador has not made any new Bitcoin purchases since February 2025, according to a new report released by the International Monetary Fund (IMF) on July 15.

The disclosure directly contradicts President Nayib Bukele’s long-standing public claim that his government has been buying one Bitcoin per day.

The IMF’s findings were included in the first formal review of the country’s Bitcoin program since El Salvador secured a $1.4 billion loan agreement in December 2024.

[...] The report noted that although on-chain activity shows BTC moving between wallets, these are not new acquisitions. Instead, the transactions reflect internal transfers between cold and hot wallets.

The IMF emphasized that these movements had led to a “misinterpretation” of El Salvador’s Bitcoin activity. Officials further argue that reallocated reserves or assets obtained through legal seizures do not qualify as state-backed Bitcoin buys.

El Salvador probably wanted to keep their image as a bitcoin friendly country. Not only do they want to appear friendly to bitcoin, it seems like they want to be a country known for having a lot of bitcoin and possibly get investors in their country. I have seen some people doubt IMF's reports but what do you think? It makes sense if bitcoin has become El Salvador's political move.




Right now it's is even difficult to believe who is saying truth, if it's Elsalvador or IMF, because agreement is an agreement, I don't think after the loan agreement deal , Elsalvador will want a bridge of contract, which is wrong because there might be a huge consequences for their actions.

IMF says that the Bitcoin office has counted one same coin twice, making the world to believe that they are increasing in riches daily, that it's all a game maybe politics within the government,but on the other hand, Bukele says Elsalvador has being buying Bitcoin daily, which we see daily on news, who do we believe now , or what is the IMF trying to do.
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Topic
Board Beginners & Help
Re: How do people gain profit when crypto is dropping?
by
Sonia_123
on 22/07/2025, 23:58:30 UTC
Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?
You gain profit from your previous purchase which you have made when the price was far lesser than what it is presently .
Take for example, you bought Bitcoin when the price was $40 and has risen to $100, and the price of Bitcoin started dipping till $74, the price difference between $40 and $70 has given you a huge profit.

Also making profit when market price is dropping has to do with the type of investment pattern you adopt either short-term or long-term, but the most preferable is the long-term investment of 4-10 years or more, because it gives room for  making more profit in as much as all you have to do is keep accumulating and holding without reasoning the market price or selling off at any point in time.
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Topic
Board Beginners & Help
Re: Why are you taking profit on bitcoin?
by
Sonia_123
on 22/07/2025, 23:46:29 UTC
Bitcoin reaching new ATH and with possibilities of multiple ATH to come again there will be some investors who will be taking profit from their bitcoin investment. This shouldn’t be surprising or be discouraged by anyone, we all have different strategies in this market, some are taking profit because they wanted just 2x from the market some more. For me bitcoin is still at an early/mid stage and will increase in price as the demand and adoption increases, but that doesn’t stops one from taking profit base on their strategy.

But the real question is why are you taking the profit:

Some are taking profit to actually invest into other assets which is what we call diversification or to build their businesses which is a great idea as profits from this business can still be used to invest into bitcoin yet again. But are you familiar with this investment or business, if not why take profit.

Some can take out profit to either help to Carter for their needs like building or buy themselves houses if what they have now is a rented property or to renovate the property if it is theirs, certainly there is nothing wrong with this.

Why you shouldn’t take profit is:

1. Using the money to actually spend it on unnecessary luxuries (emphasis on unnecessary, as there is nothing bad to get some luxury for your self).

2. ⁠It is wrong to take profit and abandon it on fiat currency, that’s going from an asset with a store of value to one with devaluing characteristics.

3. ⁠Taking profit to actually invest into altcoins because there is predicted alt season coming with some Altcoins been rumored to be able to do 5x or more is a capital gambling which mostly results more into losses than profits.
 
4. ⁠lastly Buying Altcoins are not diversification means so do not take profit from bitcoin to buy Altcoins.
Taking profit is not a bad idea, most of them most have gotten to their accumulation stage of investment and needed funds for personal needs.

Some persons also takes their profit due to health challenges since they could not have anywhere to raise fund to pay their bills, therefore instead of taking a bank loan or lending money from lenders to secure more debts, it is better to take the profit to solve your pressing needs.

Taking profit is not harmful in as much as you are not selling of all your investment and starting from the scratch to become a no coiner or low coiner, because you will continue to accumulate your investment which will grow to your desired target.
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Topic
Board Bitcoin Discussion
Re: The Harsh Truth: Losing Your Keys Means Losing It All Are You Ready?
by
Sonia_123
on 22/07/2025, 23:27:43 UTC
One of the greatest strengths of Bitcoin is that it allows individuals to take full custody of their wealth, no intermediaries, no gatekeepers, and no need for permission. But with that freedom comes absolute responsibility.

If you lose access to your private keys or recovery phrase, there is no support line to call, no way to reverse the loss. Your assets become permanently inaccessible, no matter how much they’re worth or how long you’ve held them. It’s a harsh reality. Many people in this space still underestimate   until it’s too late.

As adoption grows, it’s crucial that we begin to talk more seriously about secure key management, inheritance planning, and realistic recovery strategies. Writing your seed phrase on a piece of paper and hiding it under your bed may not be enough. Trusting a single individual might also be risky. And for those with significant holdings, not having a plan in place could mean their family loses everything if something unexpected happens.

So I’d like to ask the community how you have personally prepared for the possibility of loss? Do you have an inheritance plan? Have you implemented multisig or other secure fallback systems?

These are uncomfortable conversations, but they’re necessary  because Bitcoin won’t forgive a mistake, even if life does.
Storing your seed phrase for inheritance has to be done wisely, if not any mistake of not properly storing your seed phrase, then your Bitcoin is gone, having several write ups of your seed phrase which has to be your backup and kept in different directions and storing in a cool dry place in your homes is very important, and you must entrust it to a very trusted person in the family, showing the person how to go about it, that you are sure of carrying out your wish when you are no more, because not informing anyone but just keeping it will be of no use to whoever you are securing your Bitcoin for in future.

Having various types of engraving on metals or wood than can serve as beautification in your homes could also be a good method of preserving your seed phrase for inheritance purpose.
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Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Sonia_123
on 21/07/2025, 23:57:11 UTC
money to buy BTC.
You can invest your entire discretionary income if you want. But it would be better for an investor to invest 25% of his discretionary income. If a person uses 25% of his discretionary income, then he can build an emergency fund with the remaining 75% and if the emergency fund is ready, then he can keep that money with him and when he sees a decline in the market, he can buy aggressively.

I think that with time an investor does everything. Maybe a new person may not do this, he may not be aware of this. But a person who has been investing for some time may set aside money to buy aggressively. Because he knows how to use the decline.

Older investors often don't take advantage of price drops if they want to buy Bitcoin more aggressively, although they don't dismiss them as a good opportunity for those who haven't been afraid to buy without the market dropping. And such investors are usually not afraid to use half of their income to buy Bitcoin because they can still manage their lives with the remaining half. Therefore, this will never be the same for one person as the mentality and courage to buy assets like Bitcoin always differ from person to person.

Furthermore, there are differences in income levels among individuals, and this can influence how they use their money to buy Bitcoin more aggressively on a regular basis and less focused on price declines in the market. So, I'm not at all surprised to see investors who invest half their income in Bitcoin every week . Even though they are still concerned about their own livelihood and emergencies, their courage in regularly investing half their income every week is truly admirable.
It's your discretionary income that you are to use to invest in bitcoin and not your income, because if you use half of your income to invest, what if you are unable to meet up with your basic needs and monthly expenses. It means that you have to sell back the bitcoin that you bought which you can run at loss when selling.

After receiving income and have deducted the money for your monthly expenses and basic needs, the leftover is what you can use part of it to invest in bitcoin through DCA for regular weekly purchases. However, nobody is in the position to tell anyone how much of his discretionary income that he should use to invest in bitcoin. We all know our own financial situation playing around us and our different decisions and target in our long-term bitcoin accumulation journey, therefore, we are in the right position to choose how much from our discretionary income that will can use to invest in bitcoin to keep our accumulation ongoing for 4-10 years and above.

The most important thing is that you shouldn't use an amount that will make you sell your bitcoin before your own time or something that will make use regret in the future for the wrong actions taken.
a lot of people still don't understand that the money that they are suppose to invest in bitcoin is their discretionary income, the left over money after they must have settle their basic needs and expenses either for the week or for month. Any investor that fails to invest only his or her discretionary income is investing wrongly, which things many not end well for the investor. Immediately your income comes in the first thing you are suppose to do is to settle your basic needs and expenses, then after that the left over money is the you will use to invest in bitcoin, and from the same left over money you allocate money to your emergency fund and backup fund.
Therefore, it is generally advised for newbies who are still struggling to invest only money that remains after paying for necessities because, based on my observations, some novice investors truly have the wrong mindset. They should make sure they take care of their basic needs and expenses before investing in Bitcoin because this can lead to unclear misunderstandings after the investment has been made. In actuality, they could have misjudged the window of opportunity to recoup the gains, which might have been too short.  To avoid such blunders, it is therefore important to acquire a fundamental understanding prior to investing in Bitcoin.
As a newbie if you are still finding it difficult to invest from your left over expenses that is you don't have a left over from all your expenses, you are only trying to avoid some expenses which are important and necessary to you that means you don't have a discretionary income, then it is adviceable to sort out for more income or avoid investment in Bitcoin for that period of time until you are financially stable to have a discretionary income, you work towards having more funds and be stable in your expenses before coming back to invest so that it will not affect your investment or your are being forced to sell of all that you have invested within a short period of time and become a no coiner due to lack of proper planning.
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Topic
Board Gambling discussion
Re: Have you been addicted to gambling in the past.
by
Sonia_123
on 21/07/2025, 23:34:28 UTC
This question is for those gamblers that were once addicted to gambling and was able to come out from addiction.

How did you go about it?

Was someone there to help you out or you took the bold step all alone?

How long did your addiction last?


What's your best advice to gamblers fighting with addiction?
No I haven't been addicted in gambling but had gotten someone that has been addicted, the problem was that he kept it away from everyone until family members started suspecting him because of his constant complain of money, and this is someone that has a good job, unknown to us that he has used all his salary to gamble and has even borrowed all his salary,now at the end  of the month there is no income coming any more aside from bank loans and other lending agent with much interest, so there was no way he could survive with his family, which eventually leads to divorce, it was at this point family members were able to understand that he has become an addicted gambler.

Therefore it is adviceable to have a specific bankroll that you gamble with, avoid borrowing or taking loan to gamble, open up when things are not going on well with you, gamble with what you can afford to lose since gambling is mainly for fun, don't chase your losses because it very dangerous.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Sonia_123
on 21/07/2025, 23:10:54 UTC

Income source is important for Bitcoin investment but more important is discretionary income. You have a reliable source of income but if you don't have discretionary income at the end of the week then that source of income can be worthless. Many folk don't have a stable source of income they have an unstable source of income but have some discretionary income at the end of the week and can accumulate Bitcoin from it and I think it's more potential. Over time they have the intention to increase their Bitcoin accumulation and in the future when a stable source of income is created they can more Bitcoin. It is true that it is not important for us to start big but it is important to start with discretionary income initially. Long term Bitcoin thinking teaches us discipline and patience that is more important in increasing holdings and even which is a much better way than risky trading ideas.
Man how would you say discretionary income is more important than reliable income source? Like, what actually gives birth to discretionary income in the first place? is it not the income source? If you don’t have a stable way money is coming in, how would you now have anything left to invest? That source is still the foundation at the end of the day.

And again, I get what you are trying to say about people with unstable income still managing to invest a bit from what is left, but honestly that's not sustainable. It is not even advisable in most cases. Someone with no steady income should focus first on sorting that out, get a job or a side hustle that can at least cover basic needs consistently before talking about discretionary anything. Otherwise it is easy to end up stuck or even worse, frustrated.



It is not mandatory to have a steady income or a job before having a discretionary income to invest in Bitcoin, for example, a student in college that does not have a job or side hustle, that is focused in his/her academic, he gets his weekly or monthly stipends from his parents or friends and well wishers for a well serious and focused student that is not willing to rely on the parents after he must have graduate, while in school from his stipends can decide to start investing right from the day he entered school or along his academic journey of 4-5 years would have invested reasonable amount of his stipends that has served as his discretionary income using the DCA strategy to accumulate regularly and at his final level or when already graduated must have accumulated reasonable amount of satsh in his portfolio, instead of lavishing those extra money on unnecessary expenses or buying double the items he had already.
At his graduation, he would have gotten reasonable amount of fund to startup his life without depending on his parent for survival again.

There are also some persons that does not have a steady income or even job yet are being paid stipends for their upkeep from their rich family and don't see any need of getting a job, such money can be used from the there to start investing in Bitcoin.
Are you now saying that persons like this can't invest in Bitcoin.
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Topic
Board Services
Re: [OPEN] Rainbet.com | Crypto Casino & Sportsbook | Signature Campaign ~ Sr. +
by
Sonia_123
on 21/07/2025, 22:23:09 UTC
Bitcoin Profile Link : https://bitcointalk.org/index.php?action=profile;u=3623127;sa
Current post count including this one): 838
bech32 BTC Address for Payouts: bc1qfv2rdvuq23y0353sazq6za3p0wc5lh8cws9k99
EARNED merit in the last 120 days:22
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Topic
Board Beginners & Help
Re: Important questions for anyone using a crypto exchanges
by
Sonia_123
on 21/07/2025, 22:18:25 UTC
Hello everyone!

A lot of cryptocurrency exchanges these days ask users to go through KYC checks, mostly to follow the law and keep things secure.

But have you ever wondered why exactly they do this? Is it just about obeying rules, or is there something more to it?

Cryptocurrency exchanges typically need name, address, passport, photo ID, etc. to ensure you are who you claim to be, which aids in the prevention of fraud and money laundering.

But do they handle this process themselves, or are they hiring other companies to check your details? And how safe is your information once you hand it over? Some platforms also set limits on your account if you haven’t completed KYC.

If you’re curious about these things, it’s fair to ask of course: Why does the exchange really need your data, what do they do with it, and who actually gets to see it? These are important questions to ask for anyone using a crypto exchange today.
KYC verification help protect your funds from fraudsters, laundering activities and scammers not to have access to the customers finance, it also helps the banks to have good knowledge and management of their customers within their financial transaction period in other to avoid/manage risk .

Hiring companies to do the job for the exchange should not be of concern, in as much as they are able to properly secure and protect your funds and your details properly without any issues of fraud or laundering should be your interest of the registration, because criminal and hackers are always at alart looking for who to be their victims.

This process of KYC helps the financial institution s to be able to identify, register and verify their customers through the banks when these policies and procedures are being implemented, although it is a bit complex but they are very important for the customer for their safety since they monitor your transaction, and are able to manage your risk, identify their customers and accepting the policy by the customer also in other to create and have a good and friendly working experience , therefore it is important to follow this procedure for the safety of our details and funds and the financial institutions from financial crime risk.
KYC verification help protect your funds from fraudsters, laundering activities and scammers not to have access to the customers finance, it also helps the banks to have good knowledge and management of their customers within their financial transaction period in other to avoid/manage risk .

Hiring companies to do the job for the exchange should not be of concern, in as much as they are able to properly secure and protect your funds and your details properly without any issues of fraud or laundering should be your interest of the registration, because criminal and hackers are always at alart looking for who to be their victims.

This process of KYC helps the financial institution s to be able to identify, register and verify their customers through the banks when these policies and procedures are being implemented, although it is a bit complex but they are very important for the customer for their safety since they monitor your transaction, and are able to manage your risk, identify their customers and accepting the policy by the customer also in other to create and have a good and friendly working experience , therefore it is important to follow this procedure for the safety of our details and funds and the financial institutions from financial crime risk.
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Topic
Board Beginners & Help
Re: How do you invest small amounts outside of crypto?
by
Sonia_123
on 21/07/2025, 21:35:35 UTC
Curious to hear how others manage small capital outside the crypto space.

What did you start with when you had limited funds?
Where do you park or grow your money now?
Any strategies or assets you'd recommend for someone starting small today?

Looking forward to learning from your experience.  Roll Eyes
In as much as am concerns, the only business that one can start with little fund is Bitcoin, investing in Bitcoin using your DCA strategy to accumulate and hold it for a long-term within 4-10 years, gives you a better advantages over those that are not in Bitcoin forum,because there is no any business of my knowledge that I can remember, you will start with low capital without stress of looking for finance to stabilize it, but in Bitcoin all you have to do is keep investing from your discretionary income, and after your have reached your accumulation stage, you must have gotten a very reasonable amount of profit that will help you diversify you investment into any other one of your choice without stress, Bitcoin is the only trusted investment for now that is sure of solving your financial problems now.

Starting your small scale business, you have to check around your area which business is suitable that fits in your capital and grow little by like from there with you continuing with your bitcoin investment, because you don't need to sell it off in other to start a new business but part of it, therefore you continue to accumulate while going about your new investment outside Bitcoin.
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Topic
Board Beginners & Help
Re: Ways on how to be financially protected and secured.
by
Sonia_123
on 20/07/2025, 23:57:31 UTC
With the possibility of the federal consumer financial protection bureau being diminished or eliminated,I offer the following for your consideration;

Protect yourself and all your assets from scams.As AI takes hold,the number of scams that will come over the phone,in email,in real mail,in internet searches,in text messages,in link on web pages between news stories is beginning to multiply exponentially.
So if you have not already frozen your credit,please do it,it’s not difficult to do and turn off temporarily and refreeze.Thereafter,run your free annual credit report and check it for bad or suspicious information.

Make sure all,and i mean all access to any of your financial accounts including banking,credit card, investment and retirement is protected using 2 factor or multi factor authentication and pass keys are supposed to be state of the art.
Stop answering calls from unknown callers,let them go to voice mail and i think that alone will allow you to screen out scams.

And be extremely wary of AI generated search results,they cannot yet be trusted without verification.
Keep all your electronic devices up-to-date making sure all operating systems,security updates and applications are checking and updated frequently.

In conclusion;
Remember,there are perhaps millions of human and maybe billions of electronic bots out there that are trying to steal from what you have worked-out your life to build,so is time to put in some effort to protect yourself and your assets against any potential attack.
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Topic
Board Beginners & Help
Re: Something is far more valuable than Bitcoin.
by
Sonia_123
on 20/07/2025, 23:32:09 UTC
I don't argue that life is more important than Bitcoin but from the way you sound, it's like you're saying that people who have invested or who are trying to shouldn't do so because at the end of the day it won't be necessary when they pass on? The thing is, death is certain but while you are alive, what did you spend your time doing is what counts. Hey, you won't tell me that because that death is inevitable and that things people fight so hard to get is vanity doesn't mean you won't hustle or make a living where you can lead a comfortable life.
 I didn't want to take read too much into this but I could not help it. If you have the opportunity to invest in Bitcoin, do so. If there's another thing you want to do, do it and don't let the fact that we'd all die some day stop us from living. The only thing that should count is in whatever you do, try to be content with what you have achieved.
That is true, nobody is arguing that fact, but as long as we are in this life and we have to sustain our livelihood, for now nothing is more valueable than Bitcoin .
Investing in Bitcoin does not mean that we don't me know how important our life is but financial sustainability remains the ultimate to our daily lives, and so investing in Bitcoin gives us and reason to secure financial stability for your future, and coming out of financial stress was one major thing Bitcoin has given to the world, we survive to live without money we cannot sustain our livelihood or our existence, therefore we should continue to invest in Bitcoin, life without money does not worth it.
Post
Topic
Board Bitcoin Discussion
Re: Biggest Bitcoin holder
by
Sonia_123
on 20/07/2025, 22:50:31 UTC
Currently, person with highest amount of bitcoin in the world is Satoshi Nakamoto and he is the 12th richest man in the world. Can his number one spot be taken by some other person anytime soon ? Who can be that person to replace Satoshi ? Elon Musk ?


Do not mention Elon Musk because Elon has already dropped in ranking while Satoshi climbed to the 11th position, taking over Michael Dell, the CEO of Dell Technologies. However, Satoshi would keep climbing high as long as BTC keeps appreciating in value over time, and believe me, the space at which Satoshi would become the world's richest man would happen just within the twinkling of an eye without any competition or a contender, all courtesy of Bitcoin.
I don't think anyone will have more Bitcoin than Satoshi Nakamoto since he is the owner, Elon Musk is only an investor in Bitcoin, do you think that someone that has created wealth like Bitcoin for the universe will easily be surpass by one of his holder, being rich and creating wealth are two different things entirely because I see the wealth creator as the richest and can't be surpass because that ideology is always there to create more wealth for himself .

Remember the rise of the price of Bitcoin also determine the increase of Satoshi's wealth, Elon Musk might be close to Satoshi but can't surpass him and nobody can replace him.