Bitcoin Forum
May 27, 2024, 08:35:42 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 »
101  Local / Off-topic (Naija) / Re: Do not overwork yourself on: March 03, 2024, 07:22:34 PM
No offence, but I think this thread was way to short to convey the message you had to spread. Anyways, from the brief details, I get that people of this age spend their health on their money and then spend their money on their health. That's sad, but it's what one should do to survive isn't it. We just have to balance out health and out finances. There are many people out their who are successful without health issues. We can also be like them, cause we really d need to work hard towards our goal. Imagine being mediocre cause you couldn't add an extra hour or at least 30 mins to the little you have to do. That's definitely not what we want for ourselves.

So, let's us work hard and also take care of ourselves
102  Local / Politics and society (Naija) / Re: The enemy of success on: March 03, 2024, 04:49:05 PM
The enemy of success identified here is procrastination. Procrastination is the delay in taking action or the inability to exert action immediately. Procrastination means setting goals but failing to start the process of achieving the goal. Procrastination means knowing you have to read but keeps postponing the time to start reading. Procrastination means having a work in mind and resources at hand but lacking the zeal to utilize the resources at that time.

Procrastination is an evil to success and this accounts for the reason a lot of potentials are yet to be unraveled. The ability to chase dreams is so challenging to some people that they feel tomorrow is the best time to pursue their dreams not knowing that now is the best time.

Most people have failed to succeed because they have never started the journey of success. This I have described as failure at arrival. It will interest us to know that success is for the risk taker and not the comfort seeker. Risk here means starting not minding the perceived challenges. And so, to succeed you must start!
Yes, procrastination really is the enemy of success. Funny how everybody does, and sometimes I wonder how people who are successful defeat it.  The most annoying fact is that there's no way around procrastination, you just have to face and beat it.. not just for one day... But every single day. Procrastination in eating healthy, Reading, working, cleaning up, and many other things that make us feel overwhelmed with choked-up activities at the end of the day.

Procrastination in Bitcoin and the crypto world would be delaying not buying a coin, and not investing. It always leads to dire situations and regret. Let's find ways to encourage and discipline ourselves every day to beat this enemy of our success... This means a lot more to me than it is, from me.
103  Local / Nigeria (Naija) / Re: The sooner you find an alternative the better on: March 03, 2024, 04:38:40 PM
True talk, but if things go haywire we fit move go another crypto exchange platform. OP don already mention some and the thing be say, plenty exchange platforms dey weh legit. Be like say na cause some of us don already too hype Binance as the baba, na im we dey too concerned. And if worse comes to worse there are vendors too... Be like say we don already get solution of this our problem, and also, e be like say this Binance thing no dey affect everybody for here... But make dey see
104  Alternate cryptocurrencies / Altcoin Discussion / Re: A good time to buy Aptos on: March 03, 2024, 04:21:43 PM
The probability of Aptos pricing increasing is a 1 in the bull run. Bitcoins price has gone really up, but not all cryptocurrencies are going up At the same speed. Aptos is one of them. Its price is currently over 11 dollars and may increase to about 55-56 dollars by the end of the bull run. Sounds like a good investment, even if it doesn't have much to it.
105  Alternate cryptocurrencies / Altcoin Discussion / Re: If I have $40,000 to invest in one #cryptocurrency. on: March 03, 2024, 04:04:58 PM
If I had 40,000 dollars kept aside for investments then I would have invested in BTC and ETH. But, you've already said that you've grown accustomed to these two, so I presume you already have a balanced income in both of these crypto currencies .

Well, regardless, I would still not go for any other cryptocurrency, shit coin or legit, I'd either still pour money into Bitcoin and (little) into Ethereum or I'd get other assets. There are lots of assets I'd like to have ( personal opinion though) and they are; gold bars and chains, shares in top businesses, and the mining industry. But all you want is another crypto investment, so I'd say you go for Dogecoin.
106  Economy / Economics / Re: Fix the money, Fix the world. on: March 02, 2024, 03:00:29 PM
The Rich/Government has used money as a tool to oppress the poor in a way that they practically use it to control everything in the world with the help of financial institutions.

The high class as they are called has maintained dominance in everything, not to be bitcoin biased or cynical, but in this case, I see Bitcoin as the alternative to this controversy and if we want to eliminate the power that is intoxicating us, then we must advocate for alternative means, Bitcoin as a currency without any central control will handle this menace in a manner that everybody will have power, control and self custody of their bitcoin, the market forces will now depend on more individual investments in it and group or institutional adoption, just imagine making Bitcoin handy and accessible to the populace.

I think the world will be a better place without notice or segregation between the rich and the poor if Bitcoin is embraced fully since Bitcoin is not a currency of a particular country everyone has the equal right and power to either store it or use it.

It's sad that the poor let themselves be oppressed, and nice that bitcoin, as an alternative, has given the poor a chance to become rich. But mind you, no one is working towards balance and a world where there are no rich people... kinds of Stuff like that are a mere illusion and go against the way things work. Even as there's an opportunity for the poor to earn through a fixed monetary system, there will always be poor people. We just have to pray and work hard toward the goal of not being among that category.
107  Economy / Economics / Re: Beginner questions on: March 02, 2024, 02:52:46 PM
Does it work the same with Bitcoin shares as well?
Did you mean the real Bitcoin or Bitcoin ETFs? Bitcoin ETFs works same like stock.

But if you talk about Bitcoin, that's completely different. It's true in case Bitcoin worth $0, you can still own your coins. But if stock or ETFs went to $0, you doesn't have your share again because the stock exchange already delisted the stock.

It means you own nothing and you can't do anything, but in Bitcoin you can send your coins regardless the price is and no one can control it.

Okey thank you for the simple explanation!

So if invest 250 dollars and the price of bitcoin lowers by for example 300 dollars, will I still hold my share? Whatever the value might be of it by then.

Thank you, maybe it sounds stupid, but Im bad with math aswell.

Yes, definitely you would still own a certain amount of Bitcoin, which is the amount you got when you bought it at the ratio of; 1btc = $61k, but the value of that amount of Bitcoin would have reduced drastically, definitely less than 250 dollars.

I think that's the maths. But mind you .. that's not trading since you eat to own shares, that hodling... And the probability of earning way more than the value you purchased after at least 2 years of hodling is high... So if you can wait for that long, it won't be a loss anymore.
108  Economy / Economics / Re: Money is never enough! on: March 02, 2024, 02:36:52 PM
Think of when you hit a jackpot, and some cool cash slide into your pocket, you feels better and step up some pride and involved arrogance, you feel like you can buy the world with your peanuts lol, bro, I little shopping out of it can makes you look like a poor man again. There is this oil dealer guy in my community who happen to be hot market pro in the oil industry, he owns an oil well but this guy it gets to his head and start contesting for political power which he has lose twice now and the worst of it now is that the oil well is dried because suck the money into politics, loss everything. This money is never really enough, no wonder even the President of nations still fights to get money after office.

Yes, I must say money really is never enough. But that is how it should be right? I don't think I'd settle for less if I could get something bigger ( way out of your point though) but what I'm starting to say is money makes life better and everyone wants a better life.. money is never enough to cause more money you earn the more your condition moves forward and no reasonable Peron's would want to go back to a previous condition cause now that once comfortable life would make you miserable. Not being able to get what you want, not having as much power ... And then another matrix ( a slightly better one though, is born).

Anyways, money is never enough and the problems of life never end. We should watch our mentality and not limit ourselves with what we say. That's why sometimes... Money runs away from people.

109  Bitcoin / Bitcoin Discussion / Re: hello everyone on: March 02, 2024, 01:42:19 PM
My friend gave me a wallet.dat file that was on his old computer. His computer was burnt, but the disk is still alive with the wallet.dat file on it. The file was transferred to my personal computer, but there is a problem.

Some people have told me that the wallet.dat file is corrupted.

Are these people telling the truth?

The people who say how much is in the wallet claim there is 689 BTC.

How do they know how much there is? The transactions that my friend made appear with the date 1970.1.1.

I really don't know what that is; I'm not into BTC or trading.

The important thing is, my friend said whoever can solve this problem will be given 12 BTC as a reward.

massage in pc


Bitcoin Core - Warning
Warning: Error reading C: \Users\C
\AppData\Roaming\Bitcoin wallets\**\wallet.dat! Transaction data may be missing or incorrect. Rescanning wallet. Huh

I'm sorry, but I've got to ask these questions even though I may not get answers to them.


What exactly is the topic of your post " Hello everyone"? And secondly, who gets 12 BTC, the person who solves what's causing the problem on the forum or the person who can recover the 689 BTC?

If this isn't some kind of riddle, and it happens to be a real-life situation, then I'll first say that a burnt computer with a hard disk that is still functioning is really remarkable. I can assume that's how you were able to find the wallet.dat, and now that you've found something that valuable, there's a high probability that it's corrupted and inaccessible. That's sad.


Now, how old exactly is your friend to have his last transaction in 1970? I really got confused with this one and I went on to research it. Turns out, that particular day 1970.1.1 is known as the Unix epoch. When wallet software encounters corrupted and uninitialized timestamps, they automatically lead to the Unix epoch.

You failed to mention who the people giving you information about your friend's computers are. But in case you don't want to trust them, there may actually be no need to trust them. Let me remind you that wallet.dat has private keys and you can easily access the Bitcoin in connection to your friend's BTC address. This seems like a fair solution, doesn't it? Try gaining the private keys and transfer the BTC into another newly opened wallet.
110  Economy / Economics / Re: Save money today so money would save you tomorrow. on: March 01, 2024, 04:21:56 PM
I wasn't really a saving type, but lately looking at the current situation of things in my country, how costly things have gotten, once money enters your account or wallet, you'll be suprised of how you won't be sure of how it vanished, not to talk of having a tangible reason of what you did with the money. So recently looking at how people cry for money and personally looking at how I needed money I decided to start splitting the little allowance I get, saving one part and using the other, I won’t really say that it has made me a billionaire or that I no longer lack money but at least I have cash somewhere that I could call my own and fall back to in cause of emergency.
    To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.

Honestly, I'm not gonna lie, it is very difficult to save money, especially in a bad economy. You aid it yourself OP, you don't even understand how your money finishes on expenses and bills you have to pay... Imagine adding saving to the list. It's going to be extremely difficult.

But, I don't think it was meant to be easy right? Get a side hustle, an extra job where money earned there would be totally ( or partially) saved. Reducing costs in order to save money only works for people who at least have a little bit of comfort in their earnings. You can't earn 10 dollars and save expecting even $9 to do you good for a while. That's of course, unless you still live under your parent's roof. You can even decide to save all.

So, more savings isn't always the solution, but more earning sure is the solution.
111  Bitcoin / Bitcoin Discussion / Re: 21 million of standard gold bars in the world. on: March 01, 2024, 03:49:08 PM
There are approximately 187,000 million kilograms of gold available all over the world ( there's a probability of this piece of information being wrong). So, even if you were just assuming, broo .. you're still wrong. It's quite sad, everyone is saying the same thing, that you're wrong of course, really wanted to see if there would be a little fact in what you wrote down.

And honestly, if we're looking for facts in what you've written down, then I'd say that Satoshi created an alternative to money just like hold is an alternative to money. And about the fact that they're both assets, yes, that's true. They also have a few other similarities but the quantity of Bitcoin relating to gold is off the radar.
112  Bitcoin / Bitcoin Discussion / Re: Btc and people knowledge on: February 29, 2024, 03:49:38 PM
People say that they don't know what is the btc and there is no clear story for them to trust btc.
But the same people don't know what is the money and how it's created and they are collateral or some type of security body by themselfes.
Little do they know how the banks even creating money.
So money the fiat currencies are unknown same like btc for many people.
Also all people live their lifes and nobody don't ask questions what's the purpose of life.
It's funny how they acting like they know everything but yet they don't nothing and then they say they know about money but don't know about btc.
Off course If some well known person will tell them let's use btc it's good and safe becouse i say so and Im trusted then people Will follow.
The same people who say things about cryptocurrency that it's unknown for them they act like they really know all about the other things what they trust,If you ask from average person can they explain the process of creating money debt and Fiat currency...they don't know.


Well, one can't know everything right ?... And to be fair, not knowing BTC doesn't actually mean you know nothing about money. Money has been in existence long before Satoshi made BTC.

Knowledge is a good thing, especially when you know the right things and use them appropriately. Bitcoin is spreading so fast that even people against can't help but think about the fact that it's real and needed in these times. So, a nice and industrious thing one can do is spread their personal stories for people who don't know and believe in it, to know and believe in it
113  Local / Nigeria (Naija) / Re: The government can't fight the present situation alone on: February 23, 2024, 02:07:01 PM
This generation are in the the worst economy era and i think with level we have gotten to the goverment is helpless which they need every citizen to help fight this difficult situation. Like if you go the market, you will see things that has nothing to do with dollar, commodities that are being made from our own country very expensive and this are the same people complaining about the bad government.  When dollar increases the price of goods and services increases too and if dollar price drops the price of commodities still remain the same instead of to also drop in price. It is just as if some people are just using this difficult time as an advantage to make money for themselves. The price of things are not being regulated according to the movement of dollar,  if price of things are being regulated with the movement of dollar I don't think things will be this difficult.  In our country when price of things goes up instead of it to falls when dollar price drops it remains like that, with such attitude from our marketers I don't think we will be able to fight this economy challenge.

Sadly enough, we may or may not have marketers on the local board to see this message, so what do you suggest we the buyers do other than to bear the heat?

As citizens ready to fight for ourselves and for our country, we can individually own and work on farms, so as to provide food for ourselves and our family first and eventually sell these farm produce at cheaper rates to others close to us. Why is a bag of pure water 500 naira when the content isn't even pure?

Errm... Have you ever heard of chlorine?  Cheesy or boiling water to destroy germs. Anyway, maybe it's cause I'm an economist. On a serious note though, there are probably marketers who are exaggerating prices, but the economy touch everybody, no be lie. God would keep us.
114  Bitcoin / Bitcoin Discussion / Re: Invest in Bitcoin, for long time Holding on: February 23, 2024, 01:53:21 PM
There are many types of Bitcoin investors, some invest for long-term holdings, while others invest for short-term holdings. But one thing is true, those who invest in Bitcoin for short term are never able to achieve anything big. On the contrary, they face more losses.

every Bitcoin investment should be long-term. Because we have seen that even at the end of 2023 the price of bitcoin was 42k and as the year 2024 falls, the price of bitcoin has crossed 50k and currently the price of bitcoin is 52k. So now consider that those who invested in Bitcoin in 2023, when the price of Bitcoin was hovering between 26k and 27k, have already received double returns. So those who have been patiently holding Bitcoin since then have already reaped double the return on their investment.

Now another big opportunity is going to come in front of us. When the price of Bitcoin will increase much more than that. So I would say, those who haven't invested in Bitcoin yet, make a final decision to invest in Bitcoin for lone time Holding now and hold until the next ATH. You invest in Bitcoin and keep your Bitcoin holdings safe, because the next bull market is going to have the power to change your life. So just Hold bitcoin for long time.
This is so true. The thing is, after learning about what Bitcoin was, its history, certain events, and all, I realized that yes, Bitcoin is and was created as an alternative to fiat money, but it is also an asset. In fact, assets are usually alternatives to money, aren't they? So, if Bitcoin is an asset, one should treat it as such. Do you buy gold/ land only to sell it off the next minute? So why would you buy Bitcoin only to sell it off the next minute? That really is a loss, and that's why and never believed in trading instead of hodling Bitcoin. I've always been an advocate of long-term investments and holding of Bitcoin.

So, as OP said, keep your Bitcoin holdings and hold them for a long time.
115  Bitcoin / Bitcoin Discussion / Re: Is it too advanced to get into Bitcoin now? on: February 23, 2024, 01:45:20 PM
Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.
Yes, its price is peaking seriously way more than it ever did, and for some of us, becoming too difficult and far to reach.

I remember when 1 BTC was just over $27k and I calculated its worth in my currency, I literally sat down and started breaking down how much and for how long I'd have to save to earn it, or even though, a fraction of it. And now, it's over if not more than $50k as of the time of writing. It really does seem advanced to get into it. But then I remembered that the people who are into it and own fractions of it earning daily by its price rise and happy now and they aren't wizards. If they can do it, then I can do it and more, and then I continue looking for ways to earn it.

So, no matter how advanced it gets, I'll get more advanced until I reach it. That's the attitude we should all walk around it.
116  Bitcoin / Bitcoin Discussion / Re: 5.00 CGPA or 5 BTC? on: February 23, 2024, 01:36:55 PM
This is really a food for thought. Having a full thought on this, I will say 5.00 CGPA why? Cause one can get to improve more on their skills and acquire more skill set. That is one can work in any industry and acquire more pay.
But with 5 BTC one will just have just a fixed number, what i mean is, any time btc goes up or down that's the whole amount you  have but with a 5.00 in a good field you can tend to grow what you earn.
 However, I still think this is not something that is debate-able for those in my country, especially in this trying times where we are seeing a hike in inflation and economy crisis. I’m sure majority will go for the 5 btc without hesitation the economy has guard up our survival instincts to a whole different level. The system has made us to believe that you have to go through the educational process to get a good life and be responsible. Good thing we have a lot of prominent people who do not have a degree to determine their wealth, we now have a lot of young people who are ready to give  up going to university or college, if they have a paying idea or skill or what ever that makes them income.
 Although, this does not dispute the fact that education is ìmportant, we should give credit to the smart and intelligent ones because, their time and effort of being the best should be rewarded accordingly. Well, which would you rather go for if you had the chance,  would you rather chase a degree, get good grades to work in an industry or quit school and accept 5 BCT, what's your opinion?

I believe resources usually follow smart, but do you know that smart people don't usually follow resources? There's a difference and it is here;

I'm the book of Proverbs, Solomon talked about how a wise and intelligent man used his wisdom to save the kingdom but he was later forgotten, why? Because he was poor.
Measuring success according to CGPA and position in the educational system isn't the right measure or approach. Don't you know that these 5 pointers end up working for C students?
5 BTC is a result of knowledge, but a 5 CGPA doesn't usually lead to riches.

Hope you get my point though. Meanwhile, while we're at it, I'd pick both. One isn't better than the other, they're both necessary. I want to be smart but not for the rich, and I want to be rich, so I can get that self-validation that I really am smart.
117  Local / Nigeria (Naija) / Re: The cause of inflation on: February 22, 2024, 12:37:32 PM
Took me till I got into Economics class to realize this.

In Economics, there are 3 views of inflation and causes which also make up the 3 definitions. These views are ;

The layman's understanding - it is the general rise in the price of goods and services in an economy.

The monetarist view- a phenomenon where there is an increase in the supply of money, making more money to chase fewer goods.

The Economics view- a situation where aggregate demand is 4unning ahead of aggregate supply. I.e more people are looking for what to eat and are demanding meanwhile, little amount of people are manufacturing and supplying goods into the market.

Now you may think, that the cause of the devaluation of the naira currency is just the cause of distortion in the monetary sector of the country. If that was true, things would have gotten better by now. A lot of factors have come together to devalue the Nigerian currency. And there are all bits of these 3 views. Serious monetary and even fiscal policies would be able to save us now... But the government just seems to be sleeping on our matter like we need to go into hell and make a deal with the devil before our country would be saved.
118  Local / Politics and society (Naija) / Re: NYSC scheme is another failed structure that could have helped our economy. on: February 22, 2024, 09:29:10 AM
When I read " How does teaching help better our country?", I was like.. what exactly are you saying, you're passing on knowledge and stuff like that. But then I read further and it's true  Cheesy, we've been taught what we know to teach future teachers and the matrix continues.

You see, when it comes to the Federal Government not utilizing opportunities such as that of Nysc programs, that's honestly the federal government's problem. If a youth wants to really work in an industry and help the economy, then that's their ambition and they should help themselves, cause waiting for the government to do things in this country would take forever. I get that the government, by doing this would boost moral of a lot of youth, but it doesn't change the fact that they are still not doing it. It may even lead to corruption and lots of nepotism. That's why I'd say the youth should help themselves.

There are books and self-study programs that a person can read and self-teach himself/ herself to not only work in industries but to own their own industries. Nigeria does need more workers, it needs more employers. I always thought the future was digital skills and decentralized finance our country's economy, but we haven't even entered the industrial age in this country and that's really sad. Creating a firm/ business that makes match sticks in this country today would go extremely far.

Sometimes I wonder how there are really great ideas on this forum, but I rarely ever see any outside and then these advices goes to waste as most of them are channeled to people who may and may not be on the platform. So, if you strongly believe in what you've written OP, then I'd say you tweet this on a platform that lots of people including government officials can see it,Cause it's a really good idea.
119  Bitcoin / Bitcoin Discussion / Re: Best source for finding data for Bitcoin Spot ETFs on: February 22, 2024, 08:54:21 AM
The number of answers you can get from asking such a question here would be extremely diverse, so, I advise you to do a web search and get a list of options first.

There are lots of platforms, according to my research though, where one can get data on ETFs. They include these few;  ETF's insider,
Nerd wallet, Twelve data, and ETF's database. If you can get what you're looking for in any of these, then that's cool. But, if you can't then I suggest you research and find some more on the internet.
120  Bitcoin / Bitcoin Discussion / Re: Blockchain technology has the potential to transform government on: February 22, 2024, 08:26:58 AM
Blockchain technology would help economies with its features that allow secure and transparent data sharing among multiple parties without a central authority.

Its positive impact would include, the increase in trust and collaboration between government, citizens, and business owners by providing immutable and verifiable records of processes and transactions. It'll, of course, register and lead to Economic growth by supporting new business ventures like decentralized finance, smart contracts, and so on. It'll also reduce bureaucracy, corruption, fraud, etc by enabling digital identity management in land registries, voting, taxation, and healthcare records.

Although there are lots of positive impacts, there would also be negative impacts. They are; conflicts with existing laws, rules, and regulations which would require new ones in order to address the 8ssues of data privacy, taxation, and so on. The second would be technical and operational complexity which may lead to slow operations and delayed results. Also, it'll lead to the redundancy of government in their responsibilities.

Honestly, everything that has an advantage also comes with its disadvantages, and these disadvantages have their respective controllable measure and solutions. So, it'll be worth it, to have Blockchain technology in government and Economic activities.
Pages: « 1 2 3 4 5 [6] 7 8 9 10 11 12 13 14 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!