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Bitcoin now constitutes about 1.7% of money in the world today .
⭐ Merited by d5000 (1)
Bitcoin which where designed by the pseudonymous Satoshi Nakamoto sometimes in 2008 which was considered less fancy then as most people didn't give much attention to the idea which was designed primarily as a digital store of value which can be made to make digital transactions removing the place of a third party is today revolutionizing the world especially on the digital space , Bitcoin now accounts for 1.7% of the total money in the world world with a market cape of about 2.35 trillion dollars versus a global m2 of about 140 trillion dollars.
This milestone is a testament of Bitcoin ever growing micro economic importance which is deep rooted in institutional adoption what started as a fringe assert is now one of the biggest investment drives of the world today.
https://www.bitget.com/news/detail/12560604913470
WHAT IS BITCOIN MAXIMALISTS THEORY
Bitcoin maximalism is the belief that Bitcoin the world's most popular cryptocurrency is the only digital asset that will be needed in the future. Maximalists believe that all other digital currencies are inferior to Bitcoin. The maximalist ideology holds the view that other cryptocurrencies are not in line with the ideals established by Satoshi Nakamoto even though there are people who don't agree with this theory it's worthy of note that the other Altcoins is built on the bedrock of Bitcoin and Altcoins are actually an Appendix of Bitcoin
Bitcoin maximalists believe that there is no other block chain solution that will solve the world's problems because it has the best network the most value and the best design and programming.
Maximalists typically hold the following.
Bitcoin is the most secure and decentralized network
They see Bitcoin’s proof-of-work consensus long track record, and massive network effect as unmatched by any other project.
Other cryptocurrencies are distractions
Altcoins are often viewed as experiments that either reinvent the wheel, introduce security risks, or rely on centralized control.
Innovation should happen on Bitcoin
If new features are valuable
e.g. smart contracts, privacy tools maximalists believe they should be built on Bitcoin’s base layer or via second layers like the Lightning Network, not on separate blockchains.
Bitcoin is sound money
Maximalists see Bitcoin as a digital equivalent of gold a store of value and, eventually, a global reserve currency
rather than just a speculative asset or tech experiment.
Concerns About Bitcoin Maximalism
Bitcoin maximalism has its hurdles to overcome if Bitcoin is to become the only digital currency. Many of the altcoins and the subsequent variations of blockchain networks have come into existence because of the limitations of the Bitcoin network and its cryptocurrency. Some of the challenges and limitations of Bitcoin include the followings
Cryptocurrencies like Bitcoin use a proof-of-work process to add blocks of transactions to the blockchain. Those who are responsible for assembling blocks and proposing them to the network are called miners. Miners also act as the network's auditors by verifying the legitimacy of the transactions.
As Bitcoin's popularity grows, so too does the volume of transactions. Bitcoin's blockchain network can only handle a few transactions per second—the more transactions there are, the longer the waiting times and the higher the fees.
Additionally, an enormous amount of energy is needed to process the growing volume of transactions. For example, the energy required to power the Bitcoin blockchain continuously exceeds that of small countries.5
The slowness of Bitcoin's blockchain design prevents its scalability. Taking that thought one step further, Bitcoin's scalability issue prevents it from being accepted for widespread use for financial transactions because it cannot handle the volume. As a result, other blockchain networks and their cryptocurrencies are needed, which punches a hole in the Bitcoin maximalist ideology.
The Lightning Network
The Lightning Network is a technological solution intended to solve the problem of transaction speed on the Bitcoin blockchain by introducing off-chain transactions. Using Lightning Network channels as a transaction mechanism between two parties, these parties can make or receive payments from each other. Transactions conducted on the Lightning Network are faster and more efficient than those conducted directly on the Bitcoin blockchain.
Price Volatility
Another challenge to Bitcoin becoming a widely-used payment method is that the cryptocurrency's price fluctuates too wildly—this is called volatility. This volatility makes it difficult for companies and individuals to use crypto as a medium of exchange for day-to-day business transactions.
Intermediary businesses have developed payment processing gateways that convert payments to fiat at the time transactions occur rather than when the merchant can get time to convert them. This is necessary under current conditions because the crypto's market value can change so quickly that at purchase time, a merchant might receive enough payment, but when they go to cash in their bitcoin they might receive less or more based on its market value than they charged.
This is less than ideal for small businesses, as they'll need to pay more for the additional cryptocurrency payment services in addition to traditional methods.
Smart Contracts
In the early years, Bitcoin was limited in its usage and didn't provide mechanisms for building smart contracts or decentralized applications Other blockchains are specifically designed to support these applications. A smart contract is a program that executes the actions agreed upon by the involved parties.
Smart contracts can allow transactions to be automatically conducted between two parties, such as the purchase or sale of an automobile. As a result, no centralized authority is needed since the program only executes if both parties perform the required duties.
Smart contracts, which the Ethereum blockchain network was designed around, have gained popularity within the financial sector. Although Bitcoin's blockchain network has increased its capability by offering smart contracts, it lags behind Ethereum and others in decentralized financial applications.
Bitcoin maximalism is the belief that Bitcoin the world's most popular cryptocurrency is the only digital asset that will be needed in the future. Maximalists believe that all other digital currencies are inferior to Bitcoin. The maximalist ideology holds the view that other cryptocurrencies are not in line with the ideals established by Satoshi Nakamoto even though there are people who don't agree with this theory it's worthy of note that the other Altcoins is built on the bedrock of Bitcoin and Altcoins are actually an Appendix of Bitcoin
Bitcoin maximalists believe that there is no other block chain solution that will solve the world's problems because it has the best network the most value and the best design and programming.
Maximalists typically hold the following.
Bitcoin is the most secure and decentralized network
They see Bitcoin’s proof-of-work consensus long track record, and massive network effect as unmatched by any other project.
Other cryptocurrencies are distractions
Altcoins are often viewed as experiments that either reinvent the wheel, introduce security risks, or rely on centralized control.
Innovation should happen on Bitcoin
If new features are valuable
e.g. smart contracts, privacy tools maximalists believe they should be built on Bitcoin’s base layer or via second layers like the Lightning Network, not on separate blockchains.
Bitcoin is sound money
Maximalists see Bitcoin as a digital equivalent of gold a store of value and, eventually, a global reserve currency
rather than just a speculative asset or tech experiment.
Concerns About Bitcoin Maximalism
Bitcoin maximalism has its hurdles to overcome if Bitcoin is to become the only digital currency. Many of the altcoins and the subsequent variations of blockchain networks have come into existence because of the limitations of the Bitcoin network and its cryptocurrency. Some of the challenges and limitations of Bitcoin include the followings
Cryptocurrencies like Bitcoin use a proof-of-work process to add blocks of transactions to the blockchain. Those who are responsible for assembling blocks and proposing them to the network are called miners. Miners also act as the network's auditors by verifying the legitimacy of the transactions.
As Bitcoin's popularity grows, so too does the volume of transactions. Bitcoin's blockchain network can only handle a few transactions per second—the more transactions there are, the longer the waiting times and the higher the fees.
Additionally, an enormous amount of energy is needed to process the growing volume of transactions. For example, the energy required to power the Bitcoin blockchain continuously exceeds that of small countries.5
The slowness of Bitcoin's blockchain design prevents its scalability. Taking that thought one step further, Bitcoin's scalability issue prevents it from being accepted for widespread use for financial transactions because it cannot handle the volume. As a result, other blockchain networks and their cryptocurrencies are needed, which punches a hole in the Bitcoin maximalist ideology.
The Lightning Network
The Lightning Network is a technological solution intended to solve the problem of transaction speed on the Bitcoin blockchain by introducing off-chain transactions. Using Lightning Network channels as a transaction mechanism between two parties, these parties can make or receive payments from each other. Transactions conducted on the Lightning Network are faster and more efficient than those conducted directly on the Bitcoin blockchain.
Price Volatility
Another challenge to Bitcoin becoming a widely-used payment method is that the cryptocurrency's price fluctuates too wildly—this is called volatility. This volatility makes it difficult for companies and individuals to use crypto as a medium of exchange for day-to-day business transactions.
Intermediary businesses have developed payment processing gateways that convert payments to fiat at the time transactions occur rather than when the merchant can get time to convert them. This is necessary under current conditions because the crypto's market value can change so quickly that at purchase time, a merchant might receive enough payment, but when they go to cash in their bitcoin they might receive less or more based on its market value than they charged.
This is less than ideal for small businesses, as they'll need to pay more for the additional cryptocurrency payment services in addition to traditional methods.
Smart Contracts
In the early years, Bitcoin was limited in its usage and didn't provide mechanisms for building smart contracts or decentralized applications Other blockchains are specifically designed to support these applications. A smart contract is a program that executes the actions agreed upon by the involved parties.
Smart contracts can allow transactions to be automatically conducted between two parties, such as the purchase or sale of an automobile. As a result, no centralized authority is needed since the program only executes if both parties perform the required duties.
Smart contracts, which the Ethereum blockchain network was designed around, have gained popularity within the financial sector. Although Bitcoin's blockchain network has increased its capability by offering smart contracts, it lags behind Ethereum and others in decentralized financial applications.
⭐ Merited by CryptopreneurBrainboss (1)
Knowledge + Security + Patience + Discipline = The real deal ( Bitcoin).
Bitcoin accumulation is the next gold rush that is taking over the world especially on the digital space and there are many strategies or formulas that Bitcoin enthusiast can use in accumulating Bitcoin the above formula is a simplified approach or method that anyone who is interested in accumulating Bitcoin can use because when it comes to Bitcoin accumulation these four keys are critical knowledge+security+patience+Discipline= is the real deal because to become a successful Bitcoin investor there are characteristics that are expected of any Bitcoin enthusiast and this formula will be helpful to anyone especially newbies
Bitcoin accumulation is the next gold rush that is taking over the world especially on the digital space and there are many strategies or formulas that Bitcoin enthusiast can use in accumulating Bitcoin the above formula is a simplified approach or method that anyone who is interested in accumulating Bitcoin can use because when it comes to Bitcoin accumulation these four keys are critical knowledge+security+patience+Discipline= is the real deal because to become a successful Bitcoin investor there are characteristics that are expected of any Bitcoin enthusiast and this formula will be helpful to anyone especially newbies
WHAT IS A COMPETITIVE ECONOMY
A competitive economy is an economy where no single seller or buyer has a monopoly over the market in terms of influencing the price of the market but market price is only regulated by the forces of simple demand and supply, It should be noted that a competitive economy is usually associated with free entry and exit without any interference or protection by an state a competitive economy gives all participants a level playing ground without any unfair advantage by any party a competitive economy is efficient because firms can't make excessive profit because Competition brings down the cost of production over time which gives rise to economic stability and prosperity.
I wrote this thread because of the tariffs that the united states of America has imposed on the rest of the world which is meant to protect their own economy but looking critically at this very move by the trump administration it is actually a suicidal attempt to put the United State
economy into problem going forward because the fact remains that the trump administration is aimed at protecting the United States of America economy from competition which is not a healthy one because a careful look at history and looking at how the super economic Powers of today such as China, Russia etc they where economies that where open to competitive so over time these economies evolved into a better competitors which has given them access to global economic dominance leading to a prosperous economy over the long period
BENEFITS OF A COMPETITIVE ECONOMY
Increased Efficiency and Innovation
Market discipline: Firms must improve productivity and reduce waste to stay competitive.
Innovation drive: Competition pushes companies to innovate in products, services, and technologies to gain a competitive edge.
Lower Prices for Consumers
Price competition _ With more players in the market, prices tend to drop which tends to benefit consumers.
Better value_ Companies are incentivized to offer higher quality at lower costs.
Greater Consumer Choice
More firms and products in the market result in a wider variety of goods and services for consumers to choose from.
Improved Quality of Goods and Services
Customer focus_ Businesses strive to meet consumer expectations which usually leads to better quality and service.
Accountability_ Firms that underperform risk losing market share or failing entirely.
Foreign Investment and Capital Inflow
Attractive market_ A competitive open economy can draw foreign direct investment which brings in capital, technology, and expertise.
Job creation_ Investment can lead to expansion and employment opportunities.
Economic Growth
Productivity boost _ Competitive pressures can increase overall economic productivity.
Dynamic markets_ The economy becomes more adaptable and resilient to change.
Better Resource Allocation
In a competitive market resources tend to flow to the most efficient and productive firms improving overall economic efficiency.
Integration into Global Markets
Opening up fosters international trade creating opportunities for exports access to global markets and economic diversification.
A competitive economy is an economy where no single seller or buyer has a monopoly over the market in terms of influencing the price of the market but market price is only regulated by the forces of simple demand and supply, It should be noted that a competitive economy is usually associated with free entry and exit without any interference or protection by an state a competitive economy gives all participants a level playing ground without any unfair advantage by any party a competitive economy is efficient because firms can't make excessive profit because Competition brings down the cost of production over time which gives rise to economic stability and prosperity.
I wrote this thread because of the tariffs that the united states of America has imposed on the rest of the world which is meant to protect their own economy but looking critically at this very move by the trump administration it is actually a suicidal attempt to put the United State
economy into problem going forward because the fact remains that the trump administration is aimed at protecting the United States of America economy from competition which is not a healthy one because a careful look at history and looking at how the super economic Powers of today such as China, Russia etc they where economies that where open to competitive so over time these economies evolved into a better competitors which has given them access to global economic dominance leading to a prosperous economy over the long period
BENEFITS OF A COMPETITIVE ECONOMY
Increased Efficiency and Innovation
Market discipline: Firms must improve productivity and reduce waste to stay competitive.
Innovation drive: Competition pushes companies to innovate in products, services, and technologies to gain a competitive edge.
Lower Prices for Consumers
Price competition _ With more players in the market, prices tend to drop which tends to benefit consumers.
Better value_ Companies are incentivized to offer higher quality at lower costs.
Greater Consumer Choice
More firms and products in the market result in a wider variety of goods and services for consumers to choose from.
Improved Quality of Goods and Services
Customer focus_ Businesses strive to meet consumer expectations which usually leads to better quality and service.
Accountability_ Firms that underperform risk losing market share or failing entirely.
Foreign Investment and Capital Inflow
Attractive market_ A competitive open economy can draw foreign direct investment which brings in capital, technology, and expertise.
Job creation_ Investment can lead to expansion and employment opportunities.
Economic Growth
Productivity boost _ Competitive pressures can increase overall economic productivity.
Dynamic markets_ The economy becomes more adaptable and resilient to change.
Better Resource Allocation
In a competitive market resources tend to flow to the most efficient and productive firms improving overall economic efficiency.
Integration into Global Markets
Opening up fosters international trade creating opportunities for exports access to global markets and economic diversification.
With the new footballing season starting there are allot of expectations from sport fans especially supporters of different football clubs for some it's a season of rebuilding as their clubs where not that great last season but for some it's a season of consolidating on the victories of last season , Even to the Gamblers it's a season of expectation as some did not hit the jackpot last season on their gambling activities.
So this made me to create this thread what are your expectations this coming season that is just few day away from kickoff while others major leagues has already started the gambler is not even Left out to the gambler I think that it should be a way of restrategizing and see the area that you did not do well in your gambling last season maybe you are the one that doesn't have a gambling strategy, target or even your approach towards gambling because this season is a promising season a
which offers alot of promises to both the gambler and sports fans concerning their club.
Sport fans let have a constructive conversation about your expectations this coming season.
So this made me to create this thread what are your expectations this coming season that is just few day away from kickoff while others major leagues has already started the gambler is not even Left out to the gambler I think that it should be a way of restrategizing and see the area that you did not do well in your gambling last season maybe you are the one that doesn't have a gambling strategy, target or even your approach towards gambling because this season is a promising season a
which offers alot of promises to both the gambler and sports fans concerning their club.
Sport fans let have a constructive conversation about your expectations this coming season.
Why developing countries should add value to what they produce.
Africa a continent full of natural and mineral resources has been known only to be exporting raw minerals resources into the rest of the world without adding value to what they produce and so they buy what they give out cheap to the rest of the world in a costly price because when it gets back to Africa what they give out unrefined without thinking about adding value to what they produce becomes ten times the amount of what they sold it
Talk of oils and gas that is abundant in West and Southern Africa which includes counties like Nigeria, chad etc which has no refineries and still depends on processed import of petroleum products like PMS, cooking gas and with rear earth minerals like lithium cobalt, copper, diamond, gold, graphite, ilmenite, iron ore, kaolin, kyanite, lignite, limestone, manganese, monazite, quartz, rutile, salt, tin, and uranium in countries like Angola, Burundi, Chad, Equatorial Guinea, Gabon, Cameroon, the Central African Republic, the Democratic Republic of Congo, the Republic of Congo, Rwanda and Sao Tomé and Principe. at much more higher price than the once that they sold it out it's a sign that developing countries needs to add value to what they produce because adding value is the Gulf that exists between developing and the developed world
Until developing countries stops exporting raw minerals and import processed products at a more costly rate which is the order of the day that most of
African countries do they can't be talking about competing with the rest of the world because the world is a competitive place and until a country starts adding value to what they have such country will still be consuming and remains dependent on the rest of the world adding value in terms of production and processing of the natural and mineral resources through building of factories and industrialization which will lead to mass production and such countries becomes self sufficient developing countries will always depends on the rest of the world to survive.
Talk of oils and gas that is abundant in West and Southern Africa which includes counties like Nigeria, chad etc which has no refineries and still depends on processed import of petroleum products like PMS, cooking gas and with rear earth minerals like lithium cobalt, copper, diamond, gold, graphite, ilmenite, iron ore, kaolin, kyanite, lignite, limestone, manganese, monazite, quartz, rutile, salt, tin, and uranium in countries like Angola, Burundi, Chad, Equatorial Guinea, Gabon, Cameroon, the Central African Republic, the Democratic Republic of Congo, the Republic of Congo, Rwanda and Sao Tomé and Principe. at much more higher price than the once that they sold it out it's a sign that developing countries needs to add value to what they produce because adding value is the Gulf that exists between developing and the developed world
Until developing countries stops exporting raw minerals and import processed products at a more costly rate which is the order of the day that most of
African countries do they can't be talking about competing with the rest of the world because the world is a competitive place and until a country starts adding value to what they have such country will still be consuming and remains dependent on the rest of the world adding value in terms of production and processing of the natural and mineral resources through building of factories and industrialization which will lead to mass production and such countries becomes self sufficient developing countries will always depends on the rest of the world to survive.
@OP, what is the difference between gambling fever and gambling addiction? From your post, I don't see any difference or any unique difference of things that have been discussed here before as a causes of addiction and how to prevent it. Both are too similar, if not the same.
Maybe OP is trying to modify the name, and obviously, I see no difference from what OP has called a gambling fever and gambling addiction, as all the listed factors or features are almost similar to those of an addicted gambler. Maybe OP should tell us what the new message he is trying to pass across is, because there is nothing new in what OP has mentioned here, as there have been lots of similar posts in the past with content similar to this thread.
@OP, what is the difference between gambling fever and gambling addiction? From your post, I don't see any difference or any unique difference of things that have been discussed here before as a causes of addiction and how to prevent it. Both are too similar, if not the same.
Even though gambling fever and gambling addiction is related there is a difference in the two and so should not be confused with the together Gambling fever entails the mental high and emotional intensity which is triggered by gambling where risk ,excitement, anticipation and dopamine spike in a way that overrides logic with a sense of reasoning It’s not just about wanting to gamble but it’s feeling like you have to gamble consciously with the hopes of making money. Gambling fever is one dangerous thing that all gambler's needs to look out for because when it enters an individual it can reck the life of an Gambler.
SIGNS OF GAMBLING FEVER
___Increased time or money spent gambling
___Chasing losses, convinced a big win will fix everything
Mood swings tied to wins/losses
____Feeling restless or irritable when not gambling
____Gambling to escape problems or emotional pain
____Gambling with the hopes of getting quick money
CAUSES OF GAMBLING FEVER
_____Dopamine Rush
Dopamine release occurs not just when you win but also when you are anticipating a win especially during unpredictable outcomes this anticipatory dopamine is what keeps people coming back even after losses the uncertainty the near misses and the small wins all fuel this reward system giving the brain a powerful rush.
____Near Misses and Random Rewards Games
Games like slots are designed to keep players hooked up continuously in a state of gambling which will keep such a
gambler in the gambling fever because he or she is almost winning but will miss out and so will such a person will continue to gamble slots games like jackpot, Virtual gaming etc are all designed to trick your brain into thinking you're close to winning and so you will continue to gamble
_____ False Beliefs and Illusions
There are people with allot of false beliefs which thinks that they will make it through gambling using others who has hit the jackpot while gambling so continues to gamble with the false hopes of winning .
___Emotions
Some times our emotions can play with our senses so putting your emotions under check is one thing that is key because gambling fever and emotions are connected and is one good cause of gambling fever.
HOW TO GET OVER GAMBLING FEVER
____Talk to somebody
Talking to someone is very important because it can help in putting you in a good mental and psychological state which will take you away from the fever of gambling.
____ Pause and take a deep Reflection
Taking a break from gambling is one thing that people who feel always to gambling should do because when an individual takes a break and do a self evaluation process it can go a long way in telling the people how he or she is fairing especially taking when it comes to taking stock of how much you have used in gambling and how much you have lost and gained in the process.
____ Impose Barriers when Gambling
It's important that everyone gambling has a gambling barrier or set out limits that they will use in gambling this will cut short the time that an individual will use in gambling especially having a gambling budget and following through it , this means that when ever you gets to such limits you stop gambling this is another way to helps getting over gambling fever.
____ Seeing a therapist
Most people don't agree with this but this is another way that people can get over gambling fever a therapist is someone who is trained to evaluate people so seeing a therapist will be helpful as you will have a mental evaluation of your self and get some recommendations from a psychological specialist
SIGNS OF GAMBLING FEVER
___Increased time or money spent gambling
___Chasing losses, convinced a big win will fix everything
Mood swings tied to wins/losses
____Feeling restless or irritable when not gambling
____Gambling to escape problems or emotional pain
____Gambling with the hopes of getting quick money
CAUSES OF GAMBLING FEVER
_____Dopamine Rush
Dopamine release occurs not just when you win but also when you are anticipating a win especially during unpredictable outcomes this anticipatory dopamine is what keeps people coming back even after losses the uncertainty the near misses and the small wins all fuel this reward system giving the brain a powerful rush.
____Near Misses and Random Rewards Games
Games like slots are designed to keep players hooked up continuously in a state of gambling which will keep such a
gambler in the gambling fever because he or she is almost winning but will miss out and so will such a person will continue to gamble slots games like jackpot, Virtual gaming etc are all designed to trick your brain into thinking you're close to winning and so you will continue to gamble
_____ False Beliefs and Illusions
There are people with allot of false beliefs which thinks that they will make it through gambling using others who has hit the jackpot while gambling so continues to gamble with the false hopes of winning .
___Emotions
Some times our emotions can play with our senses so putting your emotions under check is one thing that is key because gambling fever and emotions are connected and is one good cause of gambling fever.
HOW TO GET OVER GAMBLING FEVER
____Talk to somebody
Talking to someone is very important because it can help in putting you in a good mental and psychological state which will take you away from the fever of gambling.
____ Pause and take a deep Reflection
Taking a break from gambling is one thing that people who feel always to gambling should do because when an individual takes a break and do a self evaluation process it can go a long way in telling the people how he or she is fairing especially taking when it comes to taking stock of how much you have used in gambling and how much you have lost and gained in the process.
____ Impose Barriers when Gambling
It's important that everyone gambling has a gambling barrier or set out limits that they will use in gambling this will cut short the time that an individual will use in gambling especially having a gambling budget and following through it , this means that when ever you gets to such limits you stop gambling this is another way to helps getting over gambling fever.
____ Seeing a therapist
Most people don't agree with this but this is another way that people can get over gambling fever a therapist is someone who is trained to evaluate people so seeing a therapist will be helpful as you will have a mental evaluation of your self and get some recommendations from a psychological specialist
Do a proper search before investing. Seven things you must not invest in 2025
Investment has become one integral part of the Nigerian environment as people are looking for a way out of the current economic situation that we have found ourselves in naija so they see any thing that sounds good especially things that seems to profers solutions to their economic situation like investment especially in crypto currency which has become one good escape route to those who where for sighted enough to invest in crypto currency like Bitcoin.
Sadly to note is the ever increasing and growing trends of scams which has been associated with allot of ponzi schemes which sounds too good most times taking the form of crypto currency which has made away with the hard earned currency of goliiable Nigeria with the hopes of giving them financial freedom through investment, SEC the Nigeria security and exchange commission has released seven platforms that we naija people should not invest as they pose a threat to your finances. Here are seven platforms that you as should not get involved in if you are not ready to lose your money.
1. Pocket Option
Flagged: July 21, 2025
Promoted as an online investment adviser/fund manager, SEC noted that Pocket Option lures investors with promises of profitable investment opportunities.
were demanding $200 from their subscribers with balances above $1,000, and $100 from those with less than $1000 balances before withdrawals could be processed.
2. Forsman & Bodenfors LTD (F&B)
Flagged: July 14, 2025
Parading as the Nigerian arm of a Swedish advertising firm, F&B, the SEC said promoters of this fraudulent Nigerian entity go about promising Nigerians automatic employment in the company as compensation for recruiting more members who are lured to pay various sums of money for various positions in the company.
The Commission, in a public notice to investors, said its preliminary investigations found that the platform was a front for a pyramid-style scam and warned the public to stay away from it entirely. The Commission hereby restate unequivocally that neither CBEX nor ST Technologies International Ltd (or Smart Treasure/Super Technology) is registered with the Commission or authorized to offer investment related services to the Nigerian public,” the SEC stated
3. Value Growth Platform
Flagged: June 30, 2025
Operating under the guise of offering market analysis and trading services, Value Growth Platform attracted investors with “guaranteed returns” and monetary incentives for referrals.
The SEC described its operations as exhibiting typical Ponzi scheme features and confirmed the platform is unlicensed.
“Investigations have revealed that VALUE GROWTH PLATFORM’s operations exhibit typical indicators of a fraudulent Ponzi scheme, which includes promises of guaranteed returns, heavy reliance on a referral system with promises of monetary rewards for referrals, and desperate requests for subscribers to fund accounts,” SEC stated.
4. CMTrading
Flagged: June 20, 2025
According to SEC, the platform claims to be licenced as GCMT SOUTH AFRICA PTY LTD by the Financial Sector Conduct Authority (FSCA) of South Africa and as a securities dealer by the Financial Services Authority (FSA) of Seychelles.
The platform uses cloned websites of reputable media houses such as the Punch Newspaper, Vanguard Newspaper, BBC, Channels Television and Arise Television to attract unsuspecting victims. It also posts cloned videos and pictures of prominent Nigerians on social media, promising monetary benefits to subscribers.
The SEC revealed that CMTrading’s operations heavily rely on high-return promises and a referral-based payout model—key red flags of Ponzi fraud
5. Sapphire Scents Limited
Flagged: June 19, 2025
The SEC stated that Sapphire Scents Limited, which holds itself out as an Investment Adviser/Fund Manager promoting an unregistered investment scheme, is not registered to operate in any capacity in the Nigerian Capital Market.
“Accordingly, the public is advised to refrain from engaging with Sapphire Scents Limited or its representatives in respect of any business in the Nigerian Capital Market, as any person who does so is at his/her own risk,” it warned
6. CBEX (Crypto Bridge Exchange) / ST Technologies International Ltd
Flagged: June 11, 2025
After its collapse in April, with many Nigerian investors’ funds trapped, CBEX resurfaced under the name ST Technologies or Smart Treasure. The platform reportedly demanded payment from users before processing withdrawals.
According to reports, CBEX promoters were demanding $200 from their subscribers with balances above $1,000, and $100 from those with less than $1000 balances before withdrawals could be processed.
“The Commission hereby restate unequivocally that neither CBEX nor ST Technologies International Ltd (or Smart Treasure/Super Technology) is registered with the Commission or authorized to offer investment related services to the Nigerian public,” the SEC stated
It added that enforcement action has already been initiated against CBEX and its promoters following its previous unauthorized investment activities, and the Commission was collaborating with relevant Law Enforcement Agencies to properly investigate the company, adding that it would take appropriate actions in line with the provisions of the Investments and Securities Act 2025.
7. Punisher Coin ($PUN)
Flagged: June 5, 2025
Promoted as a meme coin in unauthorized presale campaigns, SEC said Punisher Coin lacks any legitimate use case or project backing.
The SEC warned that such coins are prone to “pump and dump” scams, where promoters hype a coin to inflate prices before offloading their holdings, leaving unsuspecting investors with worthless tokens.
“Accordingly, the public is advised to refrain from engaging in the purported presale of PUNISHER COIN ($PUN) as any person who invests in the scheme does so at his/her own risk,” the Commission warned.
In all seven cases, the SEC has reiterated that these platforms are not authorized to solicit funds or offer investment services in Nigeria. Investors engaging with them do so at their own risk. The Commission also reminded the public that the presence of a company online or on social media does not imply legitimacy
https://nairametrics.com/2025/07/21/see-7-investment-platforms-flagged-as-ponzi-scheme-by-sec-so-far-in-2025/
Sadly to note is the ever increasing and growing trends of scams which has been associated with allot of ponzi schemes which sounds too good most times taking the form of crypto currency which has made away with the hard earned currency of goliiable Nigeria with the hopes of giving them financial freedom through investment, SEC the Nigeria security and exchange commission has released seven platforms that we naija people should not invest as they pose a threat to your finances. Here are seven platforms that you as should not get involved in if you are not ready to lose your money.
1. Pocket Option
Flagged: July 21, 2025
Promoted as an online investment adviser/fund manager, SEC noted that Pocket Option lures investors with promises of profitable investment opportunities.
were demanding $200 from their subscribers with balances above $1,000, and $100 from those with less than $1000 balances before withdrawals could be processed.
2. Forsman & Bodenfors LTD (F&B)
Flagged: July 14, 2025
Parading as the Nigerian arm of a Swedish advertising firm, F&B, the SEC said promoters of this fraudulent Nigerian entity go about promising Nigerians automatic employment in the company as compensation for recruiting more members who are lured to pay various sums of money for various positions in the company.
The Commission, in a public notice to investors, said its preliminary investigations found that the platform was a front for a pyramid-style scam and warned the public to stay away from it entirely. The Commission hereby restate unequivocally that neither CBEX nor ST Technologies International Ltd (or Smart Treasure/Super Technology) is registered with the Commission or authorized to offer investment related services to the Nigerian public,” the SEC stated
3. Value Growth Platform
Flagged: June 30, 2025
Operating under the guise of offering market analysis and trading services, Value Growth Platform attracted investors with “guaranteed returns” and monetary incentives for referrals.
The SEC described its operations as exhibiting typical Ponzi scheme features and confirmed the platform is unlicensed.
“Investigations have revealed that VALUE GROWTH PLATFORM’s operations exhibit typical indicators of a fraudulent Ponzi scheme, which includes promises of guaranteed returns, heavy reliance on a referral system with promises of monetary rewards for referrals, and desperate requests for subscribers to fund accounts,” SEC stated.
4. CMTrading
Flagged: June 20, 2025
According to SEC, the platform claims to be licenced as GCMT SOUTH AFRICA PTY LTD by the Financial Sector Conduct Authority (FSCA) of South Africa and as a securities dealer by the Financial Services Authority (FSA) of Seychelles.
The platform uses cloned websites of reputable media houses such as the Punch Newspaper, Vanguard Newspaper, BBC, Channels Television and Arise Television to attract unsuspecting victims. It also posts cloned videos and pictures of prominent Nigerians on social media, promising monetary benefits to subscribers.
The SEC revealed that CMTrading’s operations heavily rely on high-return promises and a referral-based payout model—key red flags of Ponzi fraud
5. Sapphire Scents Limited
Flagged: June 19, 2025
The SEC stated that Sapphire Scents Limited, which holds itself out as an Investment Adviser/Fund Manager promoting an unregistered investment scheme, is not registered to operate in any capacity in the Nigerian Capital Market.
“Accordingly, the public is advised to refrain from engaging with Sapphire Scents Limited or its representatives in respect of any business in the Nigerian Capital Market, as any person who does so is at his/her own risk,” it warned
6. CBEX (Crypto Bridge Exchange) / ST Technologies International Ltd
Flagged: June 11, 2025
After its collapse in April, with many Nigerian investors’ funds trapped, CBEX resurfaced under the name ST Technologies or Smart Treasure. The platform reportedly demanded payment from users before processing withdrawals.
According to reports, CBEX promoters were demanding $200 from their subscribers with balances above $1,000, and $100 from those with less than $1000 balances before withdrawals could be processed.
“The Commission hereby restate unequivocally that neither CBEX nor ST Technologies International Ltd (or Smart Treasure/Super Technology) is registered with the Commission or authorized to offer investment related services to the Nigerian public,” the SEC stated
It added that enforcement action has already been initiated against CBEX and its promoters following its previous unauthorized investment activities, and the Commission was collaborating with relevant Law Enforcement Agencies to properly investigate the company, adding that it would take appropriate actions in line with the provisions of the Investments and Securities Act 2025.
7. Punisher Coin ($PUN)
Flagged: June 5, 2025
Promoted as a meme coin in unauthorized presale campaigns, SEC said Punisher Coin lacks any legitimate use case or project backing.
The SEC warned that such coins are prone to “pump and dump” scams, where promoters hype a coin to inflate prices before offloading their holdings, leaving unsuspecting investors with worthless tokens.
“Accordingly, the public is advised to refrain from engaging in the purported presale of PUNISHER COIN ($PUN) as any person who invests in the scheme does so at his/her own risk,” the Commission warned.
In all seven cases, the SEC has reiterated that these platforms are not authorized to solicit funds or offer investment services in Nigeria. Investors engaging with them do so at their own risk. The Commission also reminded the public that the presence of a company online or on social media does not imply legitimacy
https://nairametrics.com/2025/07/21/see-7-investment-platforms-flagged-as-ponzi-scheme-by-sec-so-far-in-2025/
Volatility give more opportunities to the investor of making profit because volatility actually gives opportunity for people to hold for the long term which gives people the opportunity to hold on to your Bitcoin for the long term holding on for the long term means that you allow the price of Bitcoin to appreciate more than the way that you bought it, volatility is a period for investors to create wealth by allowing you to invest at a lower price because one thing that volatility does is that it brings down price of Bitcoin allowing investors to buy at a cheaper price
Make I conclude with this- For our newbies in the crypto space, if you dey em very serious and intentional about.wealth protection and financial freedom, just know say Bitcoin na one of the surest road to achieve am.
But still no forget(Beginners take note):
👉 Always do your own research (DYOR). You can do this by belonging to a strong community wey Dem dey discuss real updates (like Bitcointalk), and also by reading articles and post from sites/ forum like cointelegraph, decrypt.co, altcointalk, and even this our our very bitcointalk.org
👉 No invest wetin you no fit lose or wetin no go make you sleep for night (This one dey very important)
👉 And you no necessarily need $10,000 before you go start Bitcoin acummulation, one very sweet thing about Bitcoin be say you fit start small, dey build your wealth.
The Challenge of Crypto Inheritance
Why traditional wills don't fully address digital assets like crypto.
Key Steps to Take Before Death
Secure storage: wallets, hardware devices, seed phrases.
Documentation: creating a "crypto inheritance plan" that's understandable.
Legal considerations
integrating crypto into a will or trust Its important that you incorporate your crypto assets into your will so that it will not be difficult for your beneficiary to access your crypto assets for inheritance purposes
Tools and Services That Help
Crypto estate planning tools (e.g., Casa, Safe Haven, TrustVerse).
Multi-signature wallets with delayed activation.
Dead man's switches and automated smart contracts.
Why you need a crypto inheritance plan
If you own cryptocurrency, creating a crypto inheritance plan is essential this is important because failing to address this means risking your sweat to waste ad your children May not likely inherit it because of the way that crypto currency is set up because it set up as a self custodial asset not like your traditional bank accounts, cryptocurrencies are often self-custodial meaning only you hold the private keys or seed phrases. If you pass away without sharing this information with your love once your assets could be lost forever. A digital asset will ensure proper sharing of altcoins and Bitcoin private keys after death because statistics has shown that around 1.57 million Bitcoin are likely lost due to failure of holders to set up an inheritance plan after death which is approximately 7.5% of the total supply of Bitcoin traditional wills often fail to address cryptocurrency related requirements, and heirs may lack the technical skills to access or manage digital wallets.
Key take aways
A crypto inheritance plan is vital because losing private keys or seed phrases can permanently make assets like Bitcoin, Ether and NFTs unrecoverable.
A strong inheritance plan includes asset inventories, secure access instructions and a trusted executor, ensuring heirs can safely and legally access holdings.
Privacy must be protected using encrypted files, sealed documents or decentralized identity tools rather than exposing sensitive details in public wills.
Balancing custodial and non-custodial solutions helps secure assets while simplifying transfers, avoiding mistakes like storing everything on exchanges or sharing keys insecurely
Security vs Accessibility
Balancing protection from hackers with ease of access for heirs.
Choosing the Right Executor or Beneficiary
Do they understand crypto?
Educating your family or trustee.
It's important that you enlightened your family most importantly your children so they are fully aware and know what crypto currency is all about using Bitcoin which is the most adopted and trustworthy crypto currency in the world because it's very important that the person you are passing your Bitcoin assets to is fully aware of what Bitcoin entails because we can't downplay the role of knowledge is to me is the first thing to consider because you living your Bitcoin assets to someone who is not fully enlightened about crypto is is like labouring for nothing because such a person will not even fully appreciate what you have done for him or herself plus there is the risk of such a person losing it to scammers due to lack of sufficient knowledge so it's important that you create time and educate your children about crypto related activities as that will position them in a better way to handle your crypto sweat because the fact is that death is one thing that people don't give much attention to but we done know when it will comes.
Legal Recognition and Jurisdictional Issues
Country-specific rules about digital asset inheritance.
Avoiding Common Pitfalls
Lost seed phrases.
Non-compliant wills.
Trusting the wrong person.
Trusting the wrong person to one thing that can make all your hard work of many years to go down the drain so before you trust anyone with your bitcoin assets you have to make sure that such a person is deemed fit of handling crypto you one way to do that is by exposing such a person to crypto currency related activities such as crypto investment and trading which will position such a person in the right direction to handle your crypto wealth.
https://cointelegraph.com/news/how-to-set-up-a-crypto-inheritance-plan
Why traditional wills don't fully address digital assets like crypto.
Key Steps to Take Before Death
Secure storage: wallets, hardware devices, seed phrases.
Documentation: creating a "crypto inheritance plan" that's understandable.
Legal considerations
integrating crypto into a will or trust Its important that you incorporate your crypto assets into your will so that it will not be difficult for your beneficiary to access your crypto assets for inheritance purposes
Tools and Services That Help
Crypto estate planning tools (e.g., Casa, Safe Haven, TrustVerse).
Multi-signature wallets with delayed activation.
Dead man's switches and automated smart contracts.
Why you need a crypto inheritance plan
If you own cryptocurrency, creating a crypto inheritance plan is essential this is important because failing to address this means risking your sweat to waste ad your children May not likely inherit it because of the way that crypto currency is set up because it set up as a self custodial asset not like your traditional bank accounts, cryptocurrencies are often self-custodial meaning only you hold the private keys or seed phrases. If you pass away without sharing this information with your love once your assets could be lost forever. A digital asset will ensure proper sharing of altcoins and Bitcoin private keys after death because statistics has shown that around 1.57 million Bitcoin are likely lost due to failure of holders to set up an inheritance plan after death which is approximately 7.5% of the total supply of Bitcoin traditional wills often fail to address cryptocurrency related requirements, and heirs may lack the technical skills to access or manage digital wallets.
Key take aways
A crypto inheritance plan is vital because losing private keys or seed phrases can permanently make assets like Bitcoin, Ether and NFTs unrecoverable.
A strong inheritance plan includes asset inventories, secure access instructions and a trusted executor, ensuring heirs can safely and legally access holdings.
Privacy must be protected using encrypted files, sealed documents or decentralized identity tools rather than exposing sensitive details in public wills.
Balancing custodial and non-custodial solutions helps secure assets while simplifying transfers, avoiding mistakes like storing everything on exchanges or sharing keys insecurely
Security vs Accessibility
Balancing protection from hackers with ease of access for heirs.
Choosing the Right Executor or Beneficiary
Do they understand crypto?
Educating your family or trustee.
It's important that you enlightened your family most importantly your children so they are fully aware and know what crypto currency is all about using Bitcoin which is the most adopted and trustworthy crypto currency in the world because it's very important that the person you are passing your Bitcoin assets to is fully aware of what Bitcoin entails because we can't downplay the role of knowledge is to me is the first thing to consider because you living your Bitcoin assets to someone who is not fully enlightened about crypto is is like labouring for nothing because such a person will not even fully appreciate what you have done for him or herself plus there is the risk of such a person losing it to scammers due to lack of sufficient knowledge so it's important that you create time and educate your children about crypto related activities as that will position them in a better way to handle your crypto sweat because the fact is that death is one thing that people don't give much attention to but we done know when it will comes.
Legal Recognition and Jurisdictional Issues
Country-specific rules about digital asset inheritance.
Avoiding Common Pitfalls
Lost seed phrases.
Non-compliant wills.
Trusting the wrong person.
Trusting the wrong person to one thing that can make all your hard work of many years to go down the drain so before you trust anyone with your bitcoin assets you have to make sure that such a person is deemed fit of handling crypto you one way to do that is by exposing such a person to crypto currency related activities such as crypto investment and trading which will position such a person in the right direction to handle your crypto wealth.
https://cointelegraph.com/news/how-to-set-up-a-crypto-inheritance-plan
Losing is part of gambling so it should not be an issue to get over it because eventually we know that as far as gambling is concerned two things are involved it's either you lose or win people should not kill themselves over losing because it all parts of game even though sometimes it's hard for you to get over it when it's close to you winning the ticket
The current situation of Real Madrid is very bad. After a trophyless season, there is a feeling of dissatisfaction among the team's players. There is a lot of discussion among them about the issue of releasing one of the team's forward players. But Vinicius has a contract with Real Madrid until 2027. But when the new contract between Vinicius and Real Madrid came up, Vinicius demanded double the current amount. At that moment, Saudi Arabia made the offer. But Vinicius did not agree to the offer now. He wants to play for Real Madrid.
If we look at Real Madrid, they are very worried about themselves. Without Vinicius, the team will be weak, but Real believes more in reality. Under the new coach, it may be possible to bring in someone new without spending so much money. Since the coach is new, I think everything will be done anew. Real Madrid is going to make an incredible bet on the new coach. As a result, we may not see Vinicius in the team.
If we look at Real Madrid, they are very worried about themselves. Without Vinicius, the team will be weak, but Real believes more in reality. Under the new coach, it may be possible to bring in someone new without spending so much money. Since the coach is new, I think everything will be done anew. Real Madrid is going to make an incredible bet on the new coach. As a result, we may not see Vinicius in the team.
If Vinicius is the one asking for a sizable salary increase, even double. Maybe he himself is planning to leave Madrid. He should be more reasonable for a contract extension with an offer of an increase that should be more reasonable to keep playing in Madrid. If the situation is true, won't it get negative comments from fans?
Offers from Saudi clubs must make every club tempted, but losing Vinicius is definitely a loss for Madrid. Although they do not lack talented players, Vinicius is still an important figure for Madrid. But with a new coach, yes, maybe the team's situation is now different.
Look, not every player's performance is always the same, Vinicius' performance may not have been very good now, but losing a player like Vinicius means losing something valuable, so along with the player, the club should also manage this situation by balancing reality, emotions and the future, because this wrong decision could affect Madrid even more negatively than it right now.
Trading psychology in forex trading refers to the mental and emotional aspects that influence a trader’s decision-making process it encompasses the mindset, behaviors, and emotional discipline required to execute trades successfully and consistently even with solid technical and fundamental analysis, poor trading psychology can lead to mistakes and losses. trading psychology is as important as market analysis mastering your mindset can be the difference between long-term success and consistent losses.
What most traders are more concerned is how they can make instant money while trading but one thing that I have seen and noted from most traders is that they don't have the right trading psychology to handle a trade wand make profit because the psychology of the trader is the underlying difference between success and loss the mental state of the trader plays a role in trade because most people see trading as a ponzi schemes where they will put money and double it while others seeing it as a get rich quick thing.
Key Elements of Trading Psychology
Discipline
The ability to stick to a trading plan and follow predefined rules regardless of emotions or market excitement for anyone to be successful in trading then discipline is one thing that should be followed sticking to a trading o
Plan and strategy is very crucial here.
Patience
Waiting for the right trading opportunities instead of forcing trades out of boredom or fear of missing out should be avoided you should enter the market when after your analysis everything is indicating that the market is going to go your way that is when you should enter the market and not because you wants to make People or you just wants to trade
Emotional Control
Handling emotions like fear, greed, anger, or overconfidence is very important because these emotions can cause irrational decisions like exiting trades too early due to fear ,Overtrading due to greed or Revenge trading after losses
Confidence vs. Overconfidence
Confidence is necessary to trust your strategy but overconfidence however can lead to ignoring risk management or deviating from your trading plan which can lead to lose at the end of the day
Risk Tolerance and Management
Understanding and accepting that losses are part of trading is important as it will help guide the trader proper risk management prevents one loss from wiping out your account.
Focus and Mental Clarity
Distractions and stress can lead to impulsive decisions so a clear and focused mind is crucial for evaluating trades objectively if one is to make gain.
How to Improve Trading Psychology
Stick to a written trading plan
Keep a trading journal to review emotional decisions
Use demo accounts to build confidence
Set realistic goals
Take regular breaks and avoid overtrading
Practice mindfulness or stress-reduction techniques
What most traders are more concerned is how they can make instant money while trading but one thing that I have seen and noted from most traders is that they don't have the right trading psychology to handle a trade wand make profit because the psychology of the trader is the underlying difference between success and loss the mental state of the trader plays a role in trade because most people see trading as a ponzi schemes where they will put money and double it while others seeing it as a get rich quick thing.
Key Elements of Trading Psychology
Discipline
The ability to stick to a trading plan and follow predefined rules regardless of emotions or market excitement for anyone to be successful in trading then discipline is one thing that should be followed sticking to a trading o
Plan and strategy is very crucial here.
Patience
Waiting for the right trading opportunities instead of forcing trades out of boredom or fear of missing out should be avoided you should enter the market when after your analysis everything is indicating that the market is going to go your way that is when you should enter the market and not because you wants to make People or you just wants to trade
Emotional Control
Handling emotions like fear, greed, anger, or overconfidence is very important because these emotions can cause irrational decisions like exiting trades too early due to fear ,Overtrading due to greed or Revenge trading after losses
Confidence vs. Overconfidence
Confidence is necessary to trust your strategy but overconfidence however can lead to ignoring risk management or deviating from your trading plan which can lead to lose at the end of the day
Risk Tolerance and Management
Understanding and accepting that losses are part of trading is important as it will help guide the trader proper risk management prevents one loss from wiping out your account.
Focus and Mental Clarity
Distractions and stress can lead to impulsive decisions so a clear and focused mind is crucial for evaluating trades objectively if one is to make gain.
How to Improve Trading Psychology
Stick to a written trading plan
Keep a trading journal to review emotional decisions
Use demo accounts to build confidence
Set realistic goals
Take regular breaks and avoid overtrading
Practice mindfulness or stress-reduction techniques
WHAT IS THIS ALL ABOUT
This is a new initiative by Bitcoin developers that is aimed at safeguarding the block chain against potential threats from quantum computers because Quantum computers still in their early stages of development pose a future risk to Bitcoin because they could theoretically break the cryptographic algorithms protecting user funds specifically those exposed in certain address types.When you send Bitcoin your public key becomes visible on the block chain a quantum computer could use Shor’s Algorithm to compute your private key from your public key allowing theft of your funds.
QUANTUM VULNERABLE ADDRESSES
Some older Bitcoin addresses particularly those that have already revealed their public key by spending coins are considered quantum-vulnerable they include P2PK ,P2PKH once spent, the public key is exposed Quantum computers could in theory, derive the private key from the public key, allowing them to steal funds from those addresses
This proposal is forward-looking because it's a defensive mechanism or step against a potentially massive cryptographic shift. It’s still in early discussion stages and would require broad consensus to implement via a soft fork.
What is your view on this development on the Bitcoin block chain by developers, you can read more about this on the link below
https://www.coindesk.com/tech/2025/07/16/bitcoin-devs-float-proposal-to-freeze-quantum-vulnerable-addresses-even-satoshi-nakamoto-s
This is a new initiative by Bitcoin developers that is aimed at safeguarding the block chain against potential threats from quantum computers because Quantum computers still in their early stages of development pose a future risk to Bitcoin because they could theoretically break the cryptographic algorithms protecting user funds specifically those exposed in certain address types.When you send Bitcoin your public key becomes visible on the block chain a quantum computer could use Shor’s Algorithm to compute your private key from your public key allowing theft of your funds.
QUANTUM VULNERABLE ADDRESSES
Some older Bitcoin addresses particularly those that have already revealed their public key by spending coins are considered quantum-vulnerable they include P2PK ,P2PKH once spent, the public key is exposed Quantum computers could in theory, derive the private key from the public key, allowing them to steal funds from those addresses
This proposal is forward-looking because it's a defensive mechanism or step against a potentially massive cryptographic shift. It’s still in early discussion stages and would require broad consensus to implement via a soft fork.
What is your view on this development on the Bitcoin block chain by developers, you can read more about this on the link below
https://www.coindesk.com/tech/2025/07/16/bitcoin-devs-float-proposal-to-freeze-quantum-vulnerable-addresses-even-satoshi-nakamoto-s
Opportunity Cost
Tying up your money in Bitcoin during a prolonged dip can mean missing out on other investments that perform better during the time of the dip because one can use the capital used in buying in the dip to invest in other areas such as stocks, real estate etc so buying in the dip can make one to miss other investment prospects when the price is not up early
For the record, stocks and real estate investments aren't for short term benefits either. Your investments into it still takes time to appreciate.
Quote
Catching a Falling Knife
Dips can turn into deeper declines not all dips recover on the short term there are some dips that falls dip before recovering so buying in the dip is like catching a falling knife which could be dangerous trying to time the bottom can lead to multiple mistimed entries and larger losses without a solid strategy you could buy too early and suffer bigger setbacks
Now this is your main problem and you literally don't understand Bitcoin investment, Bitcoin investment is slated for long term to get good profits, the price history validates it. Those that are really very profitable today are the long-term holders. If you want a short term activity, then you can fit in as a traderDips can turn into deeper declines not all dips recover on the short term there are some dips that falls dip before recovering so buying in the dip is like catching a falling knife which could be dangerous trying to time the bottom can lead to multiple mistimed entries and larger losses without a solid strategy you could buy too early and suffer bigger setbacks
Quote
Dips May Not Always Recover
Bitcoin price can remain low for as much time as possible or even experience a longer time period It's important to be aware that not all dips are followed by a recovery and that there is no guarantee of future performance examples was when the price of Bitcoin fell from $20,000 in 2017 to $3,000 in 2018 a dip that lasted over a year which affected alot of investors which where only concerned about catching in on the short price fall to make some gain if you buy the dip too early you might be stuck for a months or even a years as the case may be depending on how long the dip may last.
At least in the past 15 years, Bitcoin has proven that dips always recover and the price goes soaring again and even attains ATHs during bull run, an obvious example is this period when Bitcoin had hit $119k+ ATH after having several dips before now. See this chart below as a proof that dips have been recovering Bitcoin price can remain low for as much time as possible or even experience a longer time period It's important to be aware that not all dips are followed by a recovery and that there is no guarantee of future performance examples was when the price of Bitcoin fell from $20,000 in 2017 to $3,000 in 2018 a dip that lasted over a year which affected alot of investors which where only concerned about catching in on the short price fall to make some gain if you buy the dip too early you might be stuck for a months or even a years as the case may be depending on how long the dip may last.
When it comes to Bitcoin investment it's common knowledge and believe that one has to wait till there is a dip so that one can actually buy as much Bitcoin as possible and wait till the bull run start and sell when the price has appreciated. I can be corrected if am wrong but one thing that I have come to realize is that one doesn't necessarily has to wait till the dip to buy it's not always advisable to do so because not all dip are actually for price correction and there's no particular time that is best when it comes to Bitcoin investment. Here are some facts you need to know about investment in the dip
Opportunity Cost
Tying up your money in Bitcoin during a prolonged dip can mean missing out on other investments that perform better during the time of the dip because one can use the capital used in buying in the dip to invest in other areas such as stocks, real estate etc so buying in the dip can make one to miss other investment prospects when the price is not up early
Catching a Falling Knife
Dips can turn into deeper declines not all dips recover on the short term there are some dips that falls dip before recovering so buying in the dip is like catching a falling knife which could be dangerous trying to time the bottom can lead to multiple mistimed entries and larger losses without a solid strategy you could buy too early and suffer bigger setbacks
Dips May Not Always Recover
Bitcoin price can remain low for as much time as possible or even experience a longer time period It's important to be aware that not all dips are followed by a recovery and that there is no guarantee of future performance examples was when the price of Bitcoin fell from $20,000 in 2017 to $3,000 in 2018 a dip that lasted over a year which affected alot of investors which where only concerned about catching in on the short price fall to make some gain if you buy the dip too early you might be stuck for a months or even a years as the case may be depending on how long the dip may last.
Emotional Investing
Dips often trigger fear in the market making investors to act emotional which will make investors to take irrational decision which may be quick in nature due to the fact that investors wants to catch in on the fall in price poor judgment decision making investments is one thing that is associated with wanting to buy in the dip because there are people who might panic and sell after buying the dip if the price continues to drop.
Market Sentiment and External Factors
Bitcoin's price can be influenced by other external factors such as economic factors, regulations, market sentiment and even major world political affairs Such as the just concluded united states of America election that affected the price of Bitcoin external events can keep the price down longer than expected, and investing during a dip may require a strong belief in Bitcoin's future prospects.
Opportunity Cost
Tying up your money in Bitcoin during a prolonged dip can mean missing out on other investments that perform better during the time of the dip because one can use the capital used in buying in the dip to invest in other areas such as stocks, real estate etc so buying in the dip can make one to miss other investment prospects when the price is not up early
Catching a Falling Knife
Dips can turn into deeper declines not all dips recover on the short term there are some dips that falls dip before recovering so buying in the dip is like catching a falling knife which could be dangerous trying to time the bottom can lead to multiple mistimed entries and larger losses without a solid strategy you could buy too early and suffer bigger setbacks
Dips May Not Always Recover
Bitcoin price can remain low for as much time as possible or even experience a longer time period It's important to be aware that not all dips are followed by a recovery and that there is no guarantee of future performance examples was when the price of Bitcoin fell from $20,000 in 2017 to $3,000 in 2018 a dip that lasted over a year which affected alot of investors which where only concerned about catching in on the short price fall to make some gain if you buy the dip too early you might be stuck for a months or even a years as the case may be depending on how long the dip may last.
Emotional Investing
Dips often trigger fear in the market making investors to act emotional which will make investors to take irrational decision which may be quick in nature due to the fact that investors wants to catch in on the fall in price poor judgment decision making investments is one thing that is associated with wanting to buy in the dip because there are people who might panic and sell after buying the dip if the price continues to drop.
Market Sentiment and External Factors
Bitcoin's price can be influenced by other external factors such as economic factors, regulations, market sentiment and even major world political affairs Such as the just concluded united states of America election that affected the price of Bitcoin external events can keep the price down longer than expected, and investing during a dip may require a strong belief in Bitcoin's future prospects.
Chelsea beating PSG is a serious upset and I actually did not expect this from them but beating PSG by 3:0 is something out of this world.
Football is crazy, who would have thought that a team that beat real Madrid and atletico Madrid heavily is going down 3 goals to nil against Chelsea.
As a neutral I am actually happy, it is a sense of joy to see PSG take what they usually give to other teams.
Chelsea was determined and there's nothing that the power of determination can't do this is a spirited performance from Chelsea from the blow of the first whistle till the end Chelsea was energetic and running this is to show that they where well prepared coming into this game this is indeed a great upset what exactly went wrong with this PSG team that they could not even score a single goal Football is crazy, who would have thought that a team that beat real Madrid and atletico Madrid heavily is going down 3 goals to nil against Chelsea.
As a neutral I am actually happy, it is a sense of joy to see PSG take what they usually give to other teams.