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101  Economy / Economics / Re: Do you have Same problem or you know someone who got same problem?To spend money on: July 24, 2024, 07:14:31 AM
-snip-
Do you think that's the issue ?
Money is volatile, we should spend it wisely irrespective of whether we can afford what we are spending it on or not. Luxury is a want, it will never be a necessity, I love to moderate everything no matter how rich I am. I can do the luxury once in a while, but I tell you, I will limit it to the bearers minimum because most of these luxury goods and services are ostentatious, they can't change who you are or hand you the ticket to the best health and other important aspect of life.

Even as we think of luxury, we should think of the future as well, money stays with those who are wise and who use it well, or else, you will be a yesterday rich man. Perhaps the luxury will save you at that time. Smiley By the way, I was referring to the middle-class people who would always want to feel wealthy without prioritizing the better use of the money. But if the person is truly wealthy, luxury is a must, and by then, it will happen naturally without coughing one's last card out.
102  Economy / Trading Discussion / Re: Should I Try Copy Trading? on: July 23, 2024, 04:38:44 PM
Lately, I've been using a feature that lets me copy the trades of experienced investors. It's been a game-changer! My portfolio's looking good, and I'm gaining valuable insights into different trading strategies along the way.  This has me curious - what are your thoughts on copy trading?  Have you tried it? What's been your experience?
Yes, that's an excellent advancement in trading and I believe it was conceived due to the desperation of brokers and exchanges to make people stay in trading. But I see part of your comments contradictory because the copy trade program is solely service provider-based and not educational-based, so how do you learn other than earn as you claimed?

That asked, I've known copy trade for about 15 years now and I love the way improvements are happening. For traditional financial market trading, I believe there is no copy trade service that has proven to have that long-term record per se. Although you might be seeing a huge return on their profile, but that could have been achieved years or months before their current performances.

In a nutshell, all providers I know always have four performances; 1) Those that will lose your money for you very fast, 2) Those that will earn so much for you initially but later lose your money, 3) Those that will be earning and losing for you without so much to show for it in the long run, and 4) Those that will maintain the gain but with a very little profits.
103  Economy / Speculation / Re: Biden out Bull run in??? on: July 23, 2024, 04:00:38 PM
Biden sudden move to abandon the 2024 presidential race could be a "hug boost" for cryptocurrencies and other assets said the crypto analyst predicted.
Guys what your take on this??
People will not stop to amaze me, Biden is still the US president and that will not change till 2024, not to mention the fact that he nominated someone with the same view. Why would the market react so much to that? People always like to point fingers at happening and just find whatever excuses that come to their heads for Bitcoins' woes and appreciation.

In my understanding of what is happening now, the trend of the market was already bullish before Biden declared his withdrawal from the presidential race. This will not magically stop the market trend, and more reason why this claim doesn't hold water is that the market didn't react strangely after the declaration till now. Besides, Biden's administration is not anti-crypto as widely spread, they are only trying to regulate it.
104  Economy / Gambling discussion / Re: Can't gambling addiction also be positive? on: July 23, 2024, 03:32:27 PM
Addiction is bad, I am not gonna backup any kind of addiction does something good even if someone is addicted to studying. The literal meaning of addiction is one can't live without doing that activity so if someone can't live without gambling on daily basis then he needs a rehab.
I picked interest in what you wrote because you speak generally and not only gambling-related. When we hear the context "addiction," we often believe it's entirely bad, I did as well until I started researching about it, even psychologists and those in the related fields recognise some addiction as good, but they always have their clause, and that is "if it's positive to you" regardless of whether or not you can control it.

And of course, this addiction of a thing is not so uncontrollable in all cases, it happens in stages and differently. You can imagine someone that can't stop reading books daily or exercising, are those addictions not damning, or do you think such people are not addicted to them as well?

Addiction can not be positive. This is simply because the very definition of addiction defines very negative consequences. Gambling addiction in specific is tied with financial ruin which in turn also has various societal effects.
Bro, do me a favour, research this and come back again to affirm that "addiction can not be positive." I don't just want us to believe this based on our interpretations. As for the financial ruin in gambling, yes, that is what we are used to, but are there no people still addicted to gambling and are profiting from it, whereby the profits are the major drive for their addiction? Is profiting not good? That's what I want us to look into.
105  Alternate cryptocurrencies / Altcoin Discussion / Re: Forget Bitcoin - Memecoins Like Pepe, FLOKI and Bonk Are the Big Gainers Now on: July 23, 2024, 12:14:09 PM
-snip-
The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...
For meme coins to be making the wave like this to the point that it's affecting the flow of money into Bitcoin and the first-rated crypto projects means that cryptocurrency is now increasingly becoming a joke. This shows that people are more interested in the money to be made rather than the additional benefits that individual projects have to offer, and above all, I agree with you that when it comes to money-making, meme coins have it.

As for the performance, I think no one knows emphatically, we can only guess what would happen. But judging by this bull run's performance and their consistent reactions, I believe PEPE, FLOKI and BONK still have good prospects, while PEPE seems to lead them all.
106  Bitcoin / Bitcoin Discussion / Re: Will bitcoin be affected if the internet gets disrupted? on: July 23, 2024, 11:43:44 AM
-snip-
My question was born out of curiosity and I’m not actually inclined on the technicalities of bitcoin and I just want to know the fate of bitcoin if there was no internet for maybe 24 hours
This is not new to me, what do you expect with anything that is reliant on the internet? Bitcoin is not perfect and this is another evidence of that. But it's a very good development and of course in this modern day, which financial service can be successful without the Internet? So this is not peculiar to Bitcoin. In fiat arrangements, they might try to use physical assets during times like that, but can that serve the global population anymore? This is especially true when we are already cashless and heavily reliant on digital financial transactions and services

You can imagine what recently happened with the global IT issue, a lot of operations and services had to stop, including several flight delays. Let's just pray that we do not have a general global internet outage, which is more reason why the world is not depending on a single source for the internet.
107  Economy / Exchanges / Re: Passed KYC from "prohibited country" on MEXC? on: July 23, 2024, 11:31:54 AM
So what is going on here? MEXC terms of use CLEARLY STIPULATES that it is not available in Canada and it is listed as a "Prohibited country". I just KYC'ed in Canada using my 100% legit, real, authentic KYC information, with real details and it said I passed KYC verification. Can someone shed some light on this?
Whoa!!! But don't celebrate yet, you might be falling for the Greek's gift. Instead of asking this question here, from those who do not have a say in MEXC, why not ask the exchange directly? This is money we are talking about, you should get to the root of this before you are relaxed. However, if I go by the way of my suspicions, I think they are luring you into a trap and when there is a sizable amount there, they will start telling you stories and lock your account, beware!

I've heard many bad stories about MEXC and they're all pointing to the fact that they are implementing cheating techniques along with their legitimate business. This is not the first time companies have done that, it's you who should be smart. By the way, must it be MEXC? Any company that doesn't accept your country should be avoided to avoid later issues.
108  Local / Nigeria (Naija) / Re: Do you agree with this Bitcoin price analysis? on: July 23, 2024, 08:25:04 AM
Happy Sunday my people. Doing some research then I saw this analysis about Bitcoin.https://coincodex.com/crypto/bitcoin/price-prediction/ hitting 300k by 2030.  Let's analyze together. How you see am? With all this regulations & unfavourable laws in crypto..is this feasible long term?
This will happen in his dreams, Bitcoin can't hit $300,000 in 2030, but it may hit that level in some decades, certainly not earlier than 10 years in my view. But your reason is not the factor to consider because regulation is not a clampdown, it's just a means to make Bitcoin more accountable. Have you seen the government restricting anyone's investment in Bitcoin? Gold is well-regulated, but you can see it today, it's just hitting new all-time highs yearly.

However, my reasons for disagreeing with the guy are many but let me share two out of them. First, Bitcoin has not hit a certain level that would warrant it to be technically speculative. Speculators like that are just talking randomly and presumptuously based on their instincts, nevertheless, his prediction is too outrageous. Second, liquidity issues will cause a slow price climb in Bitcoin, such is hinted already this year. The coin may climb above $100,000 with time, but seeing $200,000 will take longer than most people anticipate.

109  Economy / Speculation / Re: Road to 100k? on: July 23, 2024, 08:06:35 AM

Im not recommending trading, I wouldnt do that any more then recommending the next horse to win a race.  There is a parallel in trading and gambling I agree, but people do want to discuss the market direction  and I think that is fair to discuss and whether people act with conviction to buy more or less is upto them.   I agree people should be doing DCA in growth assets & I would have agreed with that strategy even before BTC was invented.

 Majority of people wont be good at trading, if BTC is a bull market - it is, then there is a higher danger of missing out elevated by trading.   Iam interested in trading but nobody should be betting they are correct with all their BTC, its such a volatile market that would be very difficult to achieve .
Well anybody can choose to do what they want to do but there is somuch risk in trading I wouldn't advise anybody to be interested in trading Bitcoin seeing Bitcoin as a tradable coin can be very wrong for Bitcoin is more profitable if hodl for long and not to trade in a short term perspective for there is no how you can compare those investors that held there Bitcoin for long and those that go for short term purpose for those that hold for long will be happier compare to short term traders.
You sound like an inexperienced trader. Though it's good advice if one can not handle trading, investment is less risky, so why not opt for it? Still, you do not have to discourage people, especially with Bitcoin trading which I deem to be one of the easiest assets to be traded in the financial market. But the issue with people is that they would want to trade Bitcoin in the regular way, that's off. Any margined products will always be risky, which is why one may plan the trading according to the nature of Bitcoin.

It's a well-known fact that Bitcoin moves in season/cycle, so why not wait till a bearish season ends and buy your Bitcoin on the futures market with the right plan and management? This trade is set to be left alone for at least a year and many months. Any trader who can do this regularly will not have any reason to be sad about Bitcoin trading, it's only the short-term traders who have enough to worry about.
110  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Are Airdrops Still Worthwhile? on: July 23, 2024, 07:19:19 AM
Bounty hunting seems dead in Bitcointalk. Are there members still making money via airdrops?
Hahaha...that aggressive way of pushing people to do some bidding? I don't like it. Well, just like we see today on the internet, airdrops are still happening, but you may want to rely on luck most times, too many lies are out there, and they are only using people to gain relevance for their marketing purposes.

Airdrop was at its best when cryptocurrency was newly introduced, and of course, some are still scaling through. You can imagine the recent Notcoin airdrop and this month's PIXFI. They are good ones among the many failed and scam ones. There is no way such like them will not continue to happen amid the ugly trend of fake airdrop promises, it's you who will decide whether or not you are in for the stress and the uncertainty.
111  Other / Meta / Re: Will the idea of sharing referral links be as effective? on: July 23, 2024, 03:28:23 AM
Will referral links shared as invites for newbies not be a way to help add content quality to this forum?

It is in the sense that, referral links from seniors or old knowledgeable members automatically bestows the responsibility of mentorship on the person sharing the link to the newbies of whom accepts and clicks to join through the referral links they were shared to join this Bitcoin talk forum with?

What's your opinion?
How exactly could referral spam affect the quality of the forum?
Allowing the placement of referral links would only bring more off-topic spam posts, and that has nothing to do with newbie accounts only. Many legendary members have such status only because they had enough activity before merit introduction.
All these centres on the benefits attached to the referral programs to determine the attitude of users to it. If the benefit is not juicy, people will not misuse it, just as we see now. But of course, if it wouldn't be juicy, why implement it? People will not even think it twice to look away if it is not juicy since one can naturally invite anyone they want directly through the direct website of the forum.

For this, it can only mean that the incentive attached to the referral programs will be attractive enough, and behold, many users will misuse the advantage. So we should expect spam, more worthless accounts and most importantly too many abandoned and banned accounts.

112  Economy / Economics / Re: Russia can evade sanction through cryptocurrencies on: July 23, 2024, 03:12:33 AM
Ukrainian Vice Prime Minister Mykhailo Fedorov demand crypto exchanges to freeze all Russian accounts so that the sanction can be effective, but most exchanges did not support this. I read few days ago that cryptocurrencies may not help in Russia sanction but FinCEN concluded that Russia can attempt to use cryptocurrencies to evade sanctions.
In this regard, I believe the Western power and their allies are not so particular about the sanctioning of Russia through exchanges, because if they do, it will be more severe, they always have their way in cases like this. I can only think that they were smart enough to know that many cryptocurrencies are decentralised and can be accessed through a VPN. This means that people can perform crypto transactions that will be difficult for the authorities to decipher. Even the little they will know will be so stressful for them to achieve that. So why stress exchanges when there is an alternative (non-custodial) that can naturally mix the transaction?

Quote
What is your take? What role can cryptocurrencies play in helping Russia sanctions evasion and to what extent can this be?
You can see today that the Western sanction has almost no effect on Russia anymore. The world is evolving and cryptocurrency is the latest development around financial dealings, so all fingers are pointing to it in helping Russia to lessen the effect of the sanction.
113  Economy / Trading Discussion / Re: Trade multiple trading pairs or only a few trading pairs? on: July 23, 2024, 02:52:01 AM
In the crypto market, there are many trading pairs. After trading only two pairs for a year, I discovered that it is good to focus on a few pairs. Why? It has allowed me to master those two pairs and understand how they really move. It has also taught me patience because when your favorite setup does not appear, you can avoid entering a trade. Remember, jack of all trades, master of none.
What is your opinion about this?

All altcoins are almost the same therefore if you can master two altcoins, you can also be able of trading other altcoins. They all move in response to Bitcoin and other news that affects them either to make them pump or dump. If there are chances to make profit from another altcoins don't ignore that chance only as you want to monitor your two chosen altcoins or you'll be missing chances to make money. I don't have altcoins I kept for only monitoring them and not all tokens but I change the tokens I trade as the market changes. When there's a hype on this particular types of tokens, I'll start trading them and I make profits.
You are making a common mistake, you do not use one market to judge another, and no matter how you believe they correlate, they are still not perfectly moving alike and that simple difference could cost you a lot. I also noticed that most times altcoins follow the pattern of Bitcoin, but this can only be risked with an investment plan and not a trading plan. Trading is too sensitive for any price change and any risk taken with the margin products is not going to be nice on the account balance of the trader if it goes south.

My advice is that if it's just two pairs you want to trade, make sure you treat them independently on different charts and also use both the technical and fundamental analyses you can gather to ascertain what they will do. By doing this, you would realise that there are times you would place a bet on pair A and the confirmation of pair B will not be ready yet. The same thing goes for the exiting as well, we do not trade on assumption.
114  Bitcoin / Bitcoin Discussion / Re: Bitcoin ETF Listed in the United States Currently Holds 900,000 Bitcoins on: July 23, 2024, 02:34:03 AM
Bitcoin ETF are not bitcoin but a token backed by bitcoin price in the spot market. That is why some people are going for it. But I can not go for something like that. I prefer to have bitcoin instead. Bitcoin ETF was approved in United States early this year and it is having a marketcap of almost $1 billion. Although that is a good news but I can not go for it.
You are smart my friend and this is more reason why those who are fully informed about Bitcoin are better. Bitcoin is a system of its own that is accessible and manageable to anyone, and it can even protect the interest of the HODLer than the ETF package itself which is just an "I Owe You" arrangement. This is a way to further decentralise Bitcoin under a guise, and imagine, if any of the ETF companies go bankrupt today, you will always have access to your Bitcoin since you never relied on them. But that can't be said of those who relied on them, they may wait for years before they have access to their funds (that's if they will ever recover it).

Some people would have even died waiting, which makes it so discouraging to me. It is not entirely bad though as it will increase BTC investment, but the ETF was meant to make accessible assets that were not accessible to ordinary people. Just like Crude oil and digital Gold, you can't just wake up in the morning and have access to them as we do with our various Bitcoin wallets. If we have that asset already, what do we need ETF for? It's just like having access to operate your Bitcoin bank yourself but preferring others to do that for you, not even minding the extra charges the ETF will attract.
115  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: July 22, 2024, 04:14:10 PM
All the transfer moves Real Madrid are making right now are very clever. I respect them very much in this regard, it is great that they are making plans for the coming seasons. The team is in a very good situation right now, and they also made one of the most important transfers in the world. That's why I think there is no obstacle for them to win the Champions League next season. If they do not have injury problems, they will have a very high chance. Mbappe was a very important move
It seems to me that this transfer was more important for Mbappe than for Real, if it had been the other way around then Real would have negotiated with PSG last summer and would have paid a huge amount for Mbappe, but instead they chose to wait one year for Mbappe to become a free agent, and accepted him into the team. During this season without Mbappe they won the Champions League and became La Liga champions, so the importance of this player for them may not be so high. And the club’s transfer policy shows that it is at a very high level.
It's a matter of patience and I believe Mbappe understood the plan as well, so why not wait? The only loser here is PSG which couldn't make him stay and was unable to achieve the main goal it bought him for and couldn't still sell him with a huge return earlier. Besides, Mbappe has never hidden his love for Real Madrid but he had to work his way there, it can't be automatic, and today, I do not think you can mention the names of 3 players in the world of football without your mind flashing his name as one of them. At just 25, he has done well for himself, and being in Real Madrid at that young age could only mean that his dream was fast realised. He was seen many times flying Real Madrid at a very young age. I wish him the best at that club and not like that of C. Ronaldo where the most cherished club now becomes a disappointment.

116  Economy / Gambling discussion / Can't gambling addiction also be positive? on: July 22, 2024, 02:53:10 PM
*Let me know if there is a similar topic so I can lock this one. I've used the search function, but it could be funny at times. Smiley*

As the title reads, I want us to come to a reasonable conclusion about this addiction of a thing in gambling by arguing it back and forth. Many months ago, I was in an argument with a user about the fact that the addiction to gambling can't only be negative as many people portray it. I relied on the grounds that if some gamblers could regularly earn in sports betting, while others derive fun and take gambling as their hobby, are they not deriving a positive goal there? Is that not a positive addiction?

I further argued that everything mustn't have to be about money to make it positive or negative. Some kinds of gambling and gaming relieve stress in some people and give them the desired happiness. This goes a long way depending on the mindset we played it.

My view was a long epistle that I wouldn't want to bug anyone with even as my external sources confirmed hobby as a good addiction. Regardless, I don't want to limit this to my understanding, I want you guys to share your opinions as well.
117  Economy / Gambling discussion / Re: [ POLL ] The Rematch: FURY vs USYK 21st December 2024 on: July 22, 2024, 02:01:11 PM
snip

Personally, I think the fight came to fruition a few years late. If Fury and Usyk had met immediately after Usyk defeated Joshua the first time, it would have been far better for the boxers and fans. As the rematch clause was inserted which led to Usyk and Joshua fighting again, a fight should have been planned for Usyk to meet Fury immediately after that.

When they met in the unification fight, they both seemed well past their best. It is difficult to see how they will perform in their rematch in December but imagine if they had fought when they were 2 -3 years younger.
Whenever there is a delay of that kind, most of the time this means the promoters are at fault as they are playing their games to try to get more money, which is their job but it is not as if fans have to like it since they are often the reason the big fights we all want to see get delayed or do not happen at all
Promoters may be at fault at times, but the boxers may as well, no one can force them. Specifically for the drama around the matches of Fury, Usyk and Joshua, you can't blame the promoter but Fury. The guy was difficult then and wasn't sincere with his words. If you heard him speak a thing today, you would hear him speaking another the next day, it was as if the Joshua side was practically begging him to fight. For what? This frustrated the whole episode. I even thought that the fight between him and Joshua would happen before him and Usyk, but for reasons known to him, he seemed to be ignoring Joshua, only to engage in social media rants as usual.
118  Economy / Gambling discussion / Re: Would you cashout or wait for the game to conclude? on: July 22, 2024, 01:38:32 PM
While, if you think that things might change around before the game ends, then cashing out is also the good choice to make to assure yourself a win.
Playing safe is better.

If you're already have some good money, this is where many falls apart. They continue with the hopes of winning more although decent profit is already there.

Greed is the reason why many falls for this kind of decision instead of settling the bet and taking home that money, they're proceeding.

Those that have experienced this mistake before aren't going to continue but instead will happily take the money.

Sometimes playing safe will make you miss the opportunity to win. Honestly, I have a lot of experiences where I have cashed out my bet to ensure a win, but in the end, I regretted it because I could have won bigger if I hadn't been afraid. So what I do now is not watch the game when I bet; that way, I feel more relaxed and can follow my game plan. Based on my experience, our inability to control our emotions is the evil in gambling because it results in fewer wins or more losses, if you know what I mean.
This is not a matter of emotion but making the right decision. And if I read you correctly, you missed more money because you quit the game earlier, but others have also bitterly regretted not quitting it. This shows that there is no certain answer to this, which is why I would rather advise everyone to decide as their instincts tell them at that time. Better still, it's good for gamblers to have plans even before the bet, so if the plan is to wait till the end of the game, why not?

But based on my experience in trading and investment, I had better quit the game before it is concluded. This is unless the offer is not good enough. I can't imagine betting $200 to win a total of $1,500 and the sportsbook is offering me $1,200 already. Who cares about winning everything if not for greed? I won't even think twice. Guaranteed money will always be safer than the ones in our hopes.
119  Economy / Gambling discussion / Re: 2024 U.S. Presidential Election Bets! on: July 22, 2024, 09:15:19 AM
Certainly any candidate was better than Biden, who looked like he would either not make it to the election or would arrive in an even more advanced state of dementia. I see that Harris can attract the feminist vote and the so-called racialized vote. I still think Trump is the favorite, but as it all comes down to swing states we will have to see.
I view this as too harsh on Biden, especially on someone's health challenge. Biden is an honourable guy who has served his country excellently in many capacities, he deserves respect. Mind you, just because he can't express himself like before doesn't mean that everyone is suddenly better than him. Expression is a thing, and action is another, he can't suddenly forget all the vast experience he has gathered in the decades of service.

Also, Harris is a good choice for the Democrats. I've not seen anyone who is as popular as her and being a woman of colour is an added advantage. I only hope the Yankees will vote for a woman to rule them.

120  Economy / Gambling discussion / Re: Do ex-players make better pundits than non-players? on: July 22, 2024, 08:32:46 AM
This makes me wonder if former players make better pundits than non players. Do you agree?
It's not necessary you were an ex-player to be an excellent pundit, it depends on the individual. The same thing goes for the managerial role in football, being an ex-player doesn't automatically make you the better coach, but for your talent and ability to constructively express yourself.

Of course, these guys are in the limelight already, so they are mostly preferred by media houses for further publicity. Some people may even watch that interview simply because Thierry Henry and others are the guests, thereby burying the worth of others who are not ex-players or popular.
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