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Messages - Celph

Pages: [1] 2 3 ... 13
1
Cryptocurrency Trading / Re: How beneficial is the cryptocurrency trading for a beginner?
« on: April 13, 2025, 09:34:08 PM »
Quote from: emma7488 on February 06, 2025, 02:51:08 PM
Cryptocurrency trading can be beneficial for beginners as it offers opportunities for profit in a rapidly growing market. By starting with small investments and learning the basics of market trends, beginners can gradually build their understanding. However, it's essential to be aware of market volatility. For those interested in mining, investing in a mining machine Crypto can also be a way to generate passive income over time, complementing trading efforts. Remember, education and caution are key when starting out.
   One thing for sure to know as a beginner or newbie before venturing into crypto is to be aware of how the market could be unpredictable at most cases while knowing that losses could also be analysed just as much as profit could be.
    This point is not to scare you or any beginner off particularly; it only emphasizes on how crypto could either affect you in both ways.Well; with the right investment decisions i’d always say that you could still enjoy the whole game.
   Also; as beginners;  consistency would be a very important skill that beginners should brew themselves with.Consistency involves not giving up even when the clouds seem to get darker.It is equipping yourself with more knowledge even while losses are incured while treating those mistakes.You can make crypto a bed of roses with the right choices and investments.

2
Cryptocurrency Trading / Re: How to Build Trading Capital.
« on: April 13, 2025, 09:18:55 PM »
Quote from: Minihustle on September 27, 2024, 07:15:29 PM
I think I'm getting to a point in trading where it's almost become automatic for me.
I find it a lot easier to notice trends and patterns compared to when I started years ago. I'm also a lot better with risk management but the downside is that I'm not making a lot of money because my capital is still quite low.

I understand that it takes time to build but it's a bit frustrating sticking to my risk strategy, I just wish there's some sort of magic spell to increase my capital.
   Well that’s the problem that most skillful traders face.Capital.
Capital is basically what we need to stake ir sacrifice to invest and earn profits right? But when these capitals aren’t there; how could profits then be earned?
  Back then in my school days; i could remember offering economics as a subject and methods of generating capitals were topics treated.i would however like to share some basic ideas with you.
    Firstly;  friends and family are a good method of analyzing capitals basically.People around you who share your personal ideals and goals could be a capital source when approached.
    We also have savings and investments.I consider this the important of all because it’s basically your own funds that is being laid down and mot other individuals thereby making it less pressurable while investing.You could ho into saving while making little investments that could generate profits to use as a capital to start up your trading. All these are just suggestions basically; you could still seek other platters through researches and more.
   

3
Nigerian Languages / Re: For now we need only crypto related thread
« on: April 12, 2025, 11:59:24 PM »
Quote from: Thyplaymaker on April 02, 2025, 08:09:55 PM
Like we should reduce the way we bring some off topics here , is getting old we should try and focus on crypto related topic , to make this our board to be more lively and interactive. Because some times the way some pro will just post any random things that comes to their minds is somehow and same time tiring , am not trying to say we should stop posting some stuff am only saying we should reduce the off topics and start posting threads that will bring real interaction relating to cryptocurrency.
   I actually see a reason for this to be talked about sincerely.
The forum is mostly directed for we members to discuss about crypto while sharing ideas with ourselves and building our knoledge particularly.
   However; I have noticed that our local board seems not to talk or discuss entirely about crypto dealings alot. Just like the author; thyplaymaker has said; i am not entirely disputing that discussions that has been going on about non related crypto topics should be halted; i just think we could talk more about crypto dealings and share ideas on how to make crypto a legal tender in our own country and alot of other interesting topics.
   This would make frequent participation in activities in this our local board as engagements here would increase for sure.
   Wetin una think about this one my brothers?

4
Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: April 12, 2025, 11:47:21 PM »
Quote from: rachael9385 on April 12, 2025, 11:12:55 PM
IMO even a short term investor is also a trader because they can't hold their Bitcoin for long term. However a trader is different from a Bitcoin investor because Bitcoin investor with a long term perspective knows that holding for long term will yield big profit for them in future. But a trader is after quick profit, they want it now and can't wait to have it in future. Although there a lot of profitable traders out there but I still choose to invest for long term.
  Well, i don’t seem to know what differs a trader between a bitcoin investor.Trading is simply buying and selling and that ; particularly is what a bitcoin investor does.He partakes in the activity of either buying or selling to invest in bitcoin basically.
   However;  I particularly prefer to hold my bitcoin rather than putting it out to trade at most cases particularly. The concept of holding is more risk free while still yielding profits rather than trading.Holding helps secure my funds at a less riskier rate while still yielding profits. Even though the tome span of yielding these profits might differ; i prefer not to rush it at all.well said; in most cases; trading could also be preferable when i deem it wise to partake in this activity particularly.I take my time to make this decisions to ensure I don’t make regrets later in the future.

5
Cryptocurrency discussions / Re: when should you stop?
« on: April 12, 2025, 11:32:33 PM »
Quote from: Z-tight on April 12, 2025, 11:14:21 PM
Quote from: Vx1 on April 12, 2025, 02:11:44 PM
If someone asks me about cryptocurrency then I will tell them about crypto as I know it, If the person is serious there will be no debate later. But if the person starts to argue and argue with me about crypto then I will stop and no longer need to explain crypto to him.
Some people like to introduce their friends to crypto in the wrong way, and that is why they leave room for arguments and debates. If you tell someone about BTC's decentralized nature, it catches their attention and then you can send them articles to learn more about it themselves. However, if you begin to tell them how much money they can make, you are getting it wrong.
    Well; I honestly think the reverse is the case on my own side.
Basically; I dont quite know about other individuals; the money is always the catch. Introducing someone to an investment at first time while telling them about qualities of that investment could somehow catch the attention of thst person.But the main bait i think; is what they would tend to gain from that investment and that is the money.Money speaks for itself basically.
   Everyone are so interested in what generates money and profits for themselves even at the cost as the case may be.Most people don’t even seem to care how these money are made as far as they are aware that such will generate them large sums of money .
  And that is why we find criminals today(relating it to this case) .Majority don’t feel comfortable with the means they make this money cause we are humans.All they are happy about is that such generates money for then which could sustain them.
   The point is that money clouds the himan mind.It is like a fost that makes you not yo see how things really are.

6
Cryptocurrency Price Speculations / Re: Is $150k Before December 2025 Still possible?
« on: April 11, 2025, 11:59:26 PM »
Quote from: Legion on April 11, 2025, 10:06:46 PM
Quote from: dwyane36 on April 11, 2025, 06:24:20 PM
Quote from: Stuart on April 11, 2025, 04:55:40 PM
The change that can happen to Bitcoin and in the crypto market can be so shocking within minutes, hours, days, weeks and months. Within the space of November-December 2025, Bitcoin broke the $100k price mark, making the entire market hot and filled with green candles all round, with lots of new investors sweeping into the community.

The price mark of $150k I think it is still possible, as we are just in the beginning of the Q2 of the year. I have this believe because of the new investors and countries that has come to join the community

Although the end of the year is still far away. However, personally, I think it is unlikely that BTC will be able to reach $150k or at least just update the previous ATH. After all, due to Trump's recent decisions, the crypto market is in a state of uncertainty that hasn't been seen for several years.
It is impossible to deny the fact that the current conditions in the crypto market are very unstable, for example, due to some actions by Trump that influenced the market rather negatively. It can be rather hardly to expect such numbers in the following years given the current political and economical instability. The crypto market has a lot of influence from the outside environmental factors and when there is much doubt this is likely to slow down the rate of the increase in price. Although opinions about the further evolution of Bitcoin as an instrument of payment remain optimistic, which are quite reasonable to predict that during the nearest future its value will not skyrocket.
   Well i tend to ask; i know significantly influenced the way the market has been moving this year; but was it only this that has been influencing the market fkr this short while? Well obviously i know he plays a big role in these outruns but I’m curious to know if other factors still influences it.
  Anyways; without going side ways from the discussion; i really do believe that there’s still hole for bitcoin to emerge $150k before december. The first half of this year hasn’t not been preety obviously but i think theres still some magic there.It just needs time.

7
Cryptocurrency discussions / Re: Who can really give a Financial advice?
« on: April 11, 2025, 11:54:29 PM »
Quote from: 0t3p0t on February 21, 2025, 03:53:42 PM
Quote from: alltalk on February 20, 2025, 03:20:25 PM
Yep, experienced one can give suggestion or advice. Sure, we have the right to follow it or not. It should be adjusted with our condition, we can do a self analysis to know it. For the financial advice, it should be from an expert or an experienced person in this field. For the risk management, it should be learned through a specific lesson. It is not an easy matter to be learned, sometimes it takes times to understand it.
True. And we just need to observe if these individuals are really experienced and not the fake one's. Background checking will also help us to identify if the one who is giving advise needs to be heard or just a piece of copy paste from other successful people. I agree that it is hard to apply someone else's strategy we got from their advises because we need to make it compatible to our own understanding and capacity because sometimes it won't work for us that is why we need to improvise. And learning or applying someone else's skill, lessons and ideas isn't that easy to adopt and embrace.
    Once back then;  I was strongly against the idea of taking financial advices from people.K had reasons which i cannot actually defend today and part of those reasons where being the cause of an eventual downturn and not having anyone to blame but myself.
   Well; fast forward to today;  I strongly detest the idea of not relying on someone for financial ideas.We are all humans and we grow everyday.The more we feed ourselves with knowledge from books as well as knowledge of individuals around is is what makes us grow.
  Just like you have said; background checks as well as other criteria mentioned are really important when seeking financial advices.Just not everyone is capable of handling out such advises that would have an impact in your life.
   I feel if you find a good advisor who meets this criteria; you’re sure to excel in that aspect if you put in your all best.
   

8
Cryptocurrency discussions / Re: when should you stop?
« on: April 11, 2025, 11:43:13 PM »
Quote from: bitterguy28 on April 11, 2025, 03:57:15 PM
when someone is asking you about wanting to earn some extra money and you try to recommend cryptocurrency because it’s what you have been focusing on for quite a few years now but then they already have a preconceived notion about crypto and they are already acting like they know everything about crypto and just overall remains uninterested, wouldn’t you be less motivated to teach them about crypto?

at that point, i’d know that this person is not open minded and doesn’t want to actually learn something new so honestly i should just stop at that point and not teach them about crypto what about you? will you keep teaching this kind of person?
    No for real.
  I for example is a type of person that wouldn’t stress his self over an unwiling person.If i’ve introduced you to a legit del and you still acting tough; a win for myself is still a win for me.
   I have cone across this people whom so not see any light or future in cryptocurrencies for no particular reason or just fir the mindset that they have refused to adapt.Stuck on one position basically moving forward; neither backward.
    I believe that if by 2025; someone still doubt the power of crypto with all it’s magnificency lat year; then I particularly don’t know what’s popping with you frls.
    Crypto is the future basically fam!

9
Nigerian Languages / Re: Waiten you think about naija government concerning Bitcoin/crypto
« on: April 10, 2025, 10:27:19 PM »
Quote from: Cryptsafe on April 09, 2025, 11:25:50 PM
I think the government is up to something because, from the onset, they have always had issues with crypto enthusiasts and traders coupled with CEX as well, all in the name of raking in tax and other benefits due them. I would not be surprised if the government would tell the bank to allow their customers to do direct crypto trading to take statistics of the overall crypto traders in the country so they could begin their dirty work.

Using direct transfer from any CEX would be the last thing I would ever do because the moment you do that, the bank already knows and would take record of your transactions, waiting for the government to come after you. It is better to stick to p2p than to get yourself entangled in such a situation.
   For real brother.
  I still dont seem to understand why the Nigerian government are so uninterested on crypto affairs.Developed countries like America and the rest of them seem to be very interested in it’s (crypto) dealings but our government does the direct opposite for reasons i dont seem to understand till now.
   Transactions of funds made with the description of crypto from out local banks and the rest of them would be seized or withheld by these firms.It’s almost as if the government is against us winning for real.
   I hope by the next election; a good president would be voted for; someone who puts crypto to mind just like other good presidents.We sef don tire!

10
Cryptocurrency discussions / Re: What age is ideal to let my kids into crypto
« on: April 10, 2025, 10:04:09 PM »
Quote from: Flydove on April 07, 2025, 04:32:48 PM
I was wondering what time is right to introduce my son in particular into crypto, is it ok at 10,12,15 or perhaps at adulthood 18yrs.I was advised to first get them acquainted with digital currencies and blockchain, their meanings and value in a relatable way they can assimilate and grasp. I was told to begin spurring their interest with simple tools, so I searched and came across kits like blockchain and cashflow for kids, crypto kitties and monopoly and some digital games as a good start. The aim is to use these to educate them about digital currencies, things associated with them before letting them into investing properly.
Is it worth the try? you may have a better idea.

what do you advice?
    Involving your kids into crypto at a young age is a very good and opportunistic thing for them particularly. I think it would be of great benefit to your kids as many parents of nowadays especially africa fail to see the potential of introducing their children to the digital world at young ages while their brain are still nurturing.I particularly; i’m a victim of such.
   Anyways; while nurturing and teaching them all about crypto; I doubt if it would be suitable to allow these kids stake these funds or manage real funds at an underage.This is however based in the amount of tryst you have on them to carry out specific tasks.I specifically think that they should be nurtured till 16 or 17 when their brain is developed well to a certain extent on money management.
   I picture this as a great idea as a benefit to both you and your kids.

11
Cryptocurrency discussions / Re: Questions to answer before venturing into crypto
« on: April 10, 2025, 08:57:06 AM »
Quote from: Flydove on April 09, 2025, 12:57:45 PM
As a newbie and baby in this very exciting crypto educational forum, with a desire to increase my knowledge bank and drive to invest in cryptocurrency. I needed to answer these key questions about bitcoin:

  what factors influence the value of bitcoin?
   
   What factors influence the price of bitcoin?

   what factors influence the supply of bitcoin?

   What factors influence the demand of bitcoin?

 I stumbled upon bits of information in my personal study that the price of bitcoin is determined by its market value at any given time. And its value is directly affected by the demand and supply flow in the economy. Also, that traders resolve to sell bitcoin to other buyers and not hold back more than its necessary drives its demand and supply.

Obviously, there is still more I need to learn! 

   
    There isn’t much to say here cause other members have spoken all and alot here.
  Anyways; as a newbie; i think it’s important to feed yourself with knowledge and ask questions also.There’s basically no harm in doing that as it only improves what you know as well as add to your personal growth; so kudos in that firstly.
     Now for the questions asked; i think these two are actually the firsthand knowledge you need to know while investing in crypto.there are actually two questions laid down cause just like everyone has said;  question one and two are quite similar basically they both have focus on the same concept.
   There are alot of factors that influences the price and value of bitcoin either positively or negatively. The growing demand and adoption of bitcoin in several institutions and countries influences the value of bitcoin as well as it’s scarcity; there are only 21 million bitcoin with 19 million being aquisited or mined already.  These factors influences the price and value of bitcoin.
   The block reward halving is also a factor that influences the supply of bitcoin.This is an event that happens every four years that reduces the number of bitcoin awarded to miners.
    There are alot of factors that influences the demand of bitcoin basically.Factors such as investors sentiments, crypto related news and most importantly; market volatility amongst others.
   

12
Signature Campaigns / Re: [OPEN] MixTum.io - Premium Bitcoin Mixer 🛡️ Sig Campaign
« on: April 06, 2025, 07:22:39 PM »
Have you visited Ann : yes
BTC Segwit address   : bc1qhy23hc89p7k89yu9qzd9cum8ffnl6jfrvr6hxn

Reapplying.

13
Cryptocurrency Trading / Re: Trading Mentors = Scammer?
« on: April 06, 2025, 07:16:46 PM »
Quote from: Rruchi man on April 05, 2025, 12:02:49 AM
Quote from: Findingnemo on April 04, 2025, 07:38:16 PM
I consider them as scammers. What do you think?
They're not all scammers; there are mentors that are actually imparting knowledge and helping people who want to become traders, and there are those who are focused on making money from the people they are teaching and making them dependent on them. This is why it is necessary for you to be very selective with someone who you decide to call a mentor and trading partner because not all mentors deserve to be called one.
   Truth is no matter how this matter is coated; i still attest to the sole fact that these so called “trading mentors” are nothing else but scammers.These are people who might have been on their A  game for a while and crashed one way or the other .These individuals then tend to use the public who are basically majourized by wealth-seeking individuals and thus; more vulnerable to assist these scammers in getting back to their game through payments which could be exhorbitant with the promise of making you also; financially stable just like them.
   Well speaking without shading completely; the trading mentors who offer these courses might have in built knowledge of the course they offer, thus not making them completely scammers if you look at it from a different level.Anyways; the motives of this individuals is undoubtedly to gain from the mass while prioritizing theirselves first.

14
Cryptocurrency discussions / Re: Becoming crypto millionaire, changes increased or decreased?
« on: April 06, 2025, 05:11:07 PM »
Quote from: Findingnemo on March 21, 2025, 02:44:18 PM
Anyone who invest in the crypto has this thought of becoming rich one day so let's discuss whether it's still possible in 2025 or it has been decreased due to the changes and new projects popping up.

In those days someone who bought bitcoin for $100 or even turned them into millions or even in billions and now Bitcoin is out of reach for average folks so they just move towards the altcoins with similar hopes and to be honest some of them made fortune with altcoins too like meme coin trend made some new millionaires however the trends are getting out of reach, new projects everyday so the trend keep changing makes it harder than ever.
    We’ll thats the concept of life basically.Change.it keeps getting harder as the days count by.
  Relating to crypto now; well yes.I think it’s very much possible of hitting that million jackpot; very much possible.It all takes a developed mindset, good decision as well as determination. A farm that produces a healthy harvest would still produce a good harvest in ten years, the strategies might just be different as well as the setting it takes to achieve this goal..So yes.I think it is very much possible comrade.
Quote from: Azharul on April 04, 2025, 04:01:58 PM
Quote from: sampoerna on April 01, 2025, 11:44:58 PM
Quote from: Ojima-ojo on April 01, 2025, 11:01:52 PM
Quote from: Stompix on March 21, 2025, 05:13:45 PM
Absolutely decreased.

It's a thing of math, at first it's easy to multiply $1 into 1 million because of the initial share versus possible growth.
People enjoyed 20x profits from 3 cents on 60  cents on bitcoin while the whole market cap was below 10 millions, now to do a 20x you need 20 trillions, at one time is the payday of a NBA player at the other it's the GDP of the USA.
We may have missed the early morning party that offers the sweetest juice in Bitcoin/crypto investments, and as such we may thinks that we are no longer among the early Bird and needing tons of dollars to cover up if we aim at positioning our investment into making us a millionaire as thoughts.

Between we have to agreed that we still have some rear opportunity to cash in on a few good projects that could still give us that early opportunity to buy low and be able to do a 20x profits in a short while or medium time to long term investments base.
Yes, this is every moment has its own moment. Well, we should also be grateful because there are indeed many people who have not even entered and enjoyed all the advantages of the crypto space. and here, yes, we just try what we can do since we are in the crypto space. because, there are still many opportunities and this is what allows us to take our own moment. and we also have to be smarter and wiser in optimizing all chances to get the best results from crypto.

of course there is a sense of regret related to being too late, it's just that, we can't repeat life. what we can do is optimize what is available for now.
Actually, your comment is also very prefer in this moment. I am also believe that day by day all situation of the world will be change. If we follow in cryptocurrency market, we can see that few years ago bitcoin price is remain very lower position in cryptocurrency market, but if we follow in cryptocurrency market now we can see that many difference between this time. So if we want to invest in one bitcoin it will be very difficult. But in this time altcoin will be very prefer for cheap, and we also investment in this crypto easily for this change people maybe looking into altcoin.
   I think it’s all about the funds that we’re talking about undeniably.Stake more; receive more  and buy what your funds can get you.All hands arent equal basically.Anyways, through investment in either bitcoin, altcoin or thereabouts; it is still very much possible.Strategies and mindset are what matters.

15
Cryptocurrency Trading / Re: Never Be Greedy!
« on: April 06, 2025, 04:33:39 PM »
Quote from: Dr.Bitcoin_Strange on April 06, 2025, 04:04:22 PM
Quote from: Mr. Magkaisa on April 05, 2025, 06:28:34 PM
Quote from: DragonF on April 05, 2025, 12:44:22 PM
Quote from: doc on March 23, 2025, 02:28:56 PM
risk management is very important in trading, because we must be able to minimize the risks we take.
because in trading there is always a risk. We can't always win but we can minimize the losses we suffer, that's the function of risk management.

True, risk management is crucial because of the risks involved in trading and other types of investments. The trader will be able to trade emotionally-free and make better decisions as a result. The trader should be able to afford to lose any money that is allocated for trading.

Trading will not always go the trader's way, and when it does, the trader loses money. Events such as these are constantly occurring, which is why it is crucial for traders to adopt risk management.

      -      It maybe a crucial one but once we learn it correctly it will be a great help to our traders for sure every time we do the trading activity we want. When we really master this risk management for sure we can teach it to other people so they can also benefit.

Because we know that its effect on us we will know how to control the profits and losses that we can experience when we do trading activity on the exchanges that we will use to trade cryptocurrency.

Yes, I agree with you both. Some traders are just trading randomly , that is why they have not become profitable in trading yet. If a trader masters their emotions and also learn how to properly manage risk, then they will have more profit from trading than losses. I can remember that when I didn't know much about risk management, I had more losses than profit but now it's better. Those who are profitable in trading have already master risk management and don't allow losses be more than the profit they make.
   Well said comrade.
  Thing is; when talking about risk management; investors tend to combine risk with greed.i think they are almost of the same branch.one gives birth to another basically.Before  an investor takes certain decision; i think it’s important to not allow your emotions define your decisions.Emotions are tricksters i would always say.I dont take certain risks while investing just cause i would like to gain alot from that investment; I consider other basics which i think it is important to do before making some certain decisions.The platter could be very tempting but what benefit does if derive if you loose at the end?

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