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.

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

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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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.

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 .

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.

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.

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.

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.

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.

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.

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.

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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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.

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.

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.

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.