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1021  Economy / Economics / Re: You can't meet all your needs/desires at once, even if you spend all your salary on: September 21, 2023, 12:16:30 PM
It is better that we don't think of only today but we should also think about tomorrow, because when you invest for tomorrow, it will help you secure your future and make you live a better life, this is the reason why investing in bitcoin is very important. Using all the funds that you have today without investing it shows how shallow your financial mentality is because what has been spent can't be retrieved. This is why as long as you are earning, you should try and invest some fraction into bitcoin so that you don't misuse that money for irrelevant or unnnecessary things that will depreciate with time.
1022  Bitcoin / Bitcoin Discussion / Re: George Residence becomes first hotel to accept Bitcoin in Nigeria on: September 21, 2023, 11:57:39 AM
This will be a good move for the quick adoption of bitcoin in Nigeria because, Nigeria is a country that loves copying from themselves when it comes to startegy that will help promote their business. The hotel will have more customers and this will make other hotels emulate them, when the news is all over the city, because the location of the hotel is in the most developed place in Lagos state and it is in a lucrative area.

How is the hotel going to adopt bitcoin if banks there aren't allowed to deal with crypto currency? Even the hotel holding 50% of their reserves in btc, they will need to convert bitcoin somehow sooner or later.
I don't think that accepting bitcoin as an alternative payment method will be going against the law in Nigeria, because bitcoin is not illegal in Nigeria but CBN restricted banks from cryptocurrency transactions. This means that it is only banks but individual and businesses can use bitcoin.

when the time comes they will need an exchange and will have to use a bank account as well
This something simple, there are p2p traders in Nigeria on exchanges and, the merchant will send the funds through is own bank account to the hotel account, and there will be no cause for alarm.
1023  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: September 20, 2023, 08:22:19 PM
It was difficult for Manchester to equalize the score because their play was very easy to read and when Manchester United had the ball they often played from the wings and went straight to Marcus Rashford. This is different from Bayern Munich's playing pattern, which plays with a system, starting from the midfield, the left and right wings all play a role.
Andre Onana also performed poorly because he was unable to block the ball strongly so Leroy Sane scored a goal in the 28th minute, and Serge Gnabry scored the second goal in the 32nd minute. In the second half, if Erik ten Hag had not made changes, I think Manchester United would have conceded again.
Four minutes after Hojlund broke the deadlock on the 49th minutes. Ericksen arms was up and a header from Bayern player which hits his arm. Harry Kane proved himself again that he is a good penalty player by placing the ball to the left corner of the post and Onana was unable to move to the ball, before it banged the net. It is still two goals difference and Bayern is still creating more chances but they were unable to convert it to a goal.
It 3-1 against Manchester united.
1024  Economy / Gambling discussion / Re: What is the drive that makes women go into gambling? on: September 20, 2023, 08:06:23 PM
Women gamble for fun, to kill boredom and for profit. It all depends on the lady own reason in one of these three reason as stated above. The same reason that makes a man to gamble is the same reason why women gamble. I know of a female gambler, she sees gambling as a means of making profit and she got stuck into addiction to the extend that she sold some of her jewelries to gamble. And I also know of a lady that only gamble when the is bored to have fun. You see, these are the same reasons why men gamble too. It is just like you are asking, why do women drink or why do dey smoke or do drugs.
1025  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: September 20, 2023, 07:40:57 PM
Arsenal are playing the ball with ease and it seems like PSV is in no match for them. Trossad has scored the second goal for his club on the 20 minutes. It is obvious that Arsenal will still score more goals from the look of things. PSV are trying their best but it can't stop Arsenal from taking full control of the match, and they are putting up a good performance.

Manchester united have conceived their first goal on the 28th minutes with a super strike from Sane, which Onana wasn't able to stop. I will say that this goal is Onana's fault. It is 1-0 in favor of the host club.
Damn it, as I was typing Bayern has scored the second goal by Gnadry. Unbelievable I think it is clear that Bayern has the upper hand in the match.
Bayern 2-0 Manchester united
Arsenal 3-0 PSV.
1026  Economy / Gambling / Re: BitcoinCasinos.com - The Best Comparison of Crypto Casinos on: September 20, 2023, 05:17:54 AM
OP, I just checked out your site and it look attractive, the bonus rates are enticing but I will advise you to buy Corper membership so that you can present you advert in a unique way with pictures and so that forum members will see the various kind go games that you have on this thread before clicking the link. Since you said that it is a review, it will be better if you can pay forum members to help you review your casino and write on how you can improve your service better through their feedback, since we have experts here. We have good reputable campaign mangers that can help you handle this.
1027  Bitcoin / Bitcoin Discussion / Re: A matter of family conflict regarding Bitcoin. on: September 20, 2023, 04:54:51 AM
This is one of the problem that lack of knowledge on what you are investing on will cause you. He lost his funds either due to his wallet compromise or he sold off at the wrong time due to FOMO. Many bad scenarios are related to bitcoin, of which it wasn't bitcoin that caused it but their own carelessness and unsafe practice. I guess that he used the family funds to invest, instead of using only the amount that he can afford to lose, this is how people that uses money not meant to buy bitcoin for bitcoin purchase would end up in one regrets or the other. If you are a family man and don't have spare money to invest never use money made for the family responsibilities or family saving to buy bitcoin because it isn't only your funds. Bitcoin investment needs patience for it to yield profit.
1028  Bitcoin / Bitcoin Discussion / Re: Please review my inheritance strategy on: September 20, 2023, 04:05:38 AM
Trust is all that matters on whoever that you are handling your seedphrase to, because one must finally pass on and leave his bitcoin behind for someone to inherit. When your seedphrase is in the hands of trusted person, then your bitcoin is safe but if it icn't in the hand of someone that you trust, your bitcoin will be gone for life. If this method works for you fine then go ahead. Everyone will have their different method on how they can transfer their bitcoin to their heir for inheritance, and emost people will come up with different suggestion.
1029  Bitcoin / Bitcoin Discussion / Re: Validation speed for bitcoin transactions. on: September 20, 2023, 03:55:40 AM
The validation is used for nodes, while the word confirmed is used for transactions. Miners will always add transactions with high fee in their block so as to get a higher profit, when it is confirmed. This is why it is important that you use a wallet that supports RBF and CPFP, like electrum wallet. Here is a guide by 1miau on how to go about with your transactions for a low fee.
Make sure you avoid wasting BTC for too high fee

1030  Other / Beginners & Help / Re: Why is the language here different from what we use in the real world on: September 20, 2023, 03:21:27 AM
OP, your are welcome to the forum. Those words that are used here are cryptocurrency words, you are new here and that is why you are finding it difficult to understand those term. It all happened to everyone that came to this forum without any knowledge on bitcoin. So I will like you to do your own research on any word that you are just coming accross for the first time. You can take your time to study more on the forum, so that you will get use to the terms and thier meaning.
A-Z Mini Cryptocurrency Dictionary
These are forum words written by The Cryptovator Definition of short Abrreviation words used on the forum, Everyone should know

OP, you should only comment on discussion have you have knowledge on, so that your post won't be feleted by the moderator because it will definitely be off topic
1031  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: September 19, 2023, 10:57:31 AM
Anyway, Real Madrid are now in first place in the standings and have managed to win all the games that they have. Yesterday Sociedad were able to score the first quick goal and it looked like Madrid might lose, but they won. So it seems to me that even without Benzema Real have a great game.
Real Madrid's greatness does not lie in Benzema, even though last season Benzema was always a mainstay player at Real Madrid and this season the Real Madrid coach is very aware that the Real Madrid team must be able to appear strong even without Benzema. Now this has been proven through the five matches at the start of this season where Real Madrid was able to win all the matches, although not in an easy way because Real Madrid's struggle in winning the five matches at the start of this season was very visible.
After all, of course, it has been proven that Real Madrid are doing just fine even without Benzema because yes, the fact is that Real Madrid managed to play the first five matches of the season without defeat. So yes, it's obviously a very good result but even so, I think Real Madrid will also experience some problems as time goes on. Because I realize, to maintain a winning streak throughout the season is not easy. But yes, if the Real Madrid squad is not much and not often injured, then at least Real Madrid still has a chance to be able to win the La Liga title this season. Although still, competition with Barcelona in the La Liga title race will not be easy.
Better things can always be expected from Real Madrid. And Real Madrid has won the most La Liga Championship. Barcelona is a famous team but Real Madrid plays much better than them. And for this reason, they should have won at least 2-0 in today's match. But it doesn’t matter Because Real Madrid played well, because Real Sociedad is a bit stronger team. Although Real Madrid is playing well, they are not able to overtake Barcelona in terms of points.  Real Madrid need to win one more match to overtake Barcelona
The rivalry between Barcelona and Real Madrid has been known to everyone for years. One of the strongest team rivalries in the world is between them in La Liga. That's why the qualifying race is more important than ever. Looking at the standings, there is only a 2-point difference between them and both teams have very important victories. They must maintain their differences between themselves until El Classico.

Barcelona dropped points in the opening match of the season. On the other hand, Real Madrid team has won 5 matches. It will be very difficult for Barcelona to close this 2 point gap. Because Real Madrid team is consistently playing well in every match and getting full points. Their next match is very important for Real Madrid. They will play against one of the strongest teams in La Liga, Atletico Madrid. If Madrid can win this match, then they will be able to keep the top spot in the table for a long time. The Barcelona vs Madrid match will be in the last week of October. We will have to wait until the El Clasico match to find out which team is the most deserving of this year's title.
Only 2 points gap between two strong teams but the difference is very competitive. However, Real Madrid have to be praised this season. After winning five matches in a row, they are still occupying the top spot in the points table. The confidence that has been created among the team mates due to their consecutive wins will surely influence the next match as well.

In the last match, Real Madrid played against Real Sociedad where Real conceded 1 goal in 5 minutes. Real did not get a goal in the first half, but equalized at the beginning of the second half and Real took the lead in 60 minutes. The upcoming match on October 28 will be one of the most exciting matches of this season where we will see these two big rivals Real Madrid and Barcelona together.
It is clear that Real Madrid is on the lead and they now have more advantage over Barcelona currently to stay on top, because they won all their five matches. Assuming Barca didn't draw their first match, goal aggregates would be used to know who is on the top of the table. Despite that Real Madrid don't have a good striking force but they were able to top the table which shows that they would have dine better than this assuming they have the strikers in their positions.
1032  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: September 19, 2023, 10:45:49 AM
Somehow Arsenal always lose when facing Man City. The best result for Arsenal when facing Man City was only a draw in normal time. And I think it will still be the same now. But there is one way that Arsenal can win the title this season even though they still have to lose against Man City. Namely, Arsenal cannot lose to any other team besides Man City. And yes, the match against Tottenham will be a challenge and a test for Arsenal. Do they deserve to win the title or not? If Arsenal loses to Tottenham. So I think Arsenal will also experience many defeats by other teams. M.Arteta is indeed in good spirits this season. But he still had to make a good strategy without loopholes. Because currently even Liverpool and Tottenham seem to be closer to winning the title this season.
Manchester City has continuously been a formidable force in the Premier League despite Arsenal good start to the season. The pressure to keep the top spot can be great but City has previously demonstrated resiliency. The capacity of Arsenal to contend for the championship will undoubtedly be put to the test in subsequent games especially against challenging opponents like Tottenham and Manchester City. The optimism of Arsenal supporters is understandable but they should also take into account the team previous troubles in title contests. It will not be simple for Arsenal to unseat Manchester City the current leaders and take the top spot.

Winning the Premier League title is not an easy task for any team.  Even for Manchester city, it is very difficult. Manchester City is in very good form this season like last season . City are now in possession of the top spot in the table after winning all the matches. However, Manchester City has a busy schedule in the future. Manchester City's aim is not just the Premier League title. They also want to win the Champions League title. So it will be a bit difficult to maintain consistency in both places. Arsenal, Liverpool, Tottenham each team performance is quite good this season. Looking forward to see which team is able to maintain the consistency of their performance.
All clubs from top 1-8 on the table are aiming at two trophies and not only Manchester City. What differentiate the club is the ability to be able to play with consistency in both competition. Manchester city has always being able to overcome any challenge from the EPL clubs and that is where they have more advantage over other clubs due to their strong team and good coach. We know how difficult it is to win Man City, especially since last season that they have being in their super form. It will be for Arsenal to win Man City and I don't think that City will just seat down and allow Arsenal win them because every match counts to them.
1033  Economy / Economics / Re: I wonder if food prices in your country have also increased? on: September 19, 2023, 10:35:38 AM
But I was wondering if this only happened in my country or in your country too?

In Nigeria, it has not been easy for the citizens. Not only the food price, but everything seriously is going even higher every day, and people are suffering. Both farmers and companies producing food are here. You know, in some places, if you are close to where something has been produced, you will find it easy and cheap, not like people that are coming far to purchase those products, but here in Nigeria, whether you are coming from far or close, it is still the same thing when we purchase goods, and right now it's raining season in Nigeria. We don't know how the dry season will look when we want to buy things to consume, which is ending in October. Anyway, we pray to get the solution solved before then.
Not only in Nigeria but in almost every country in the world, the prices of all kinds of daily items including food have increased a lot. But it doesn't matter if everyone in that country has a good source of income and can earn a high amount of income every month. However, in most of the countries of the world, even though the prices of goods have increased at a high speed, people's income has not increased much. And this is why it has become very difficult to live comfortably in most countries of the world

Prices of goods increase rapidly while people's income does not improve and they have to spend more to buy goods, a phenomenon called inflation. And in the case as you said, if people's income increases higher and commodity prices also increase, but as long as people still spend freely, I don't think it's called inflation.

Inflation in my country is also getting worse every day and I don't think this will go away even when the war ends or this crisis passes. Things won't go down and they will stay at that price and will continue to increase over time.
The problem is caused by inflation, the cost of gas and petroleum product has affected the high price of other commodities. In my country, one need to spend high to have a good meal and it has been a treat to the poor who cannot afford two square meal. The rate of population is increasing, the rate of corruption is increasing and still there is an ongoing way. I wonder how the price of things will be like in the next 10yrs from now because presently, there is nothing showing that the price of food will be stagnant.
1034  Bitcoin / Bitcoin Discussion / Re: UnionBank to offer Bitcoin trading on mobile app in Octomber on: September 19, 2023, 10:07:46 AM
What is your opinion, do you think that banks are slowly starting to adopt Bitcoin?


Source:
https://cointelegraph.com/news/union-bank-of-the-philippines-launches-bitcoin-and-ethereum-trading
Banks are finding all means to always be in custody of people's funds. Banks like to be in charge of holding peoples money and using in for business. They have seen that bitcoin wants to deprive them of this, and it will make them  run out of business in the nearest future. This is why they have started coming up with motives of accepting crypto trading so that you can buy your bitcoin from them and they will claim that banks is the safest place to store your coins. This will give them the power to be in custody of many customers crypto assets. Trying to turn bitcoin as if it is safe in a centralized system. Also they are business people and they are after profit making and not putting customers interest first. It is good to see banks accepting crypto trading but so many people that will buy bitcoin through banks might end up not being in self custody of their funds.
1035  Bitcoin / Bitcoin Discussion / Re: They sent me btc to my wallet they were available and then they disappeared! on: September 19, 2023, 08:32:18 AM
I bought an amount of BTC from a stranger and made my payment in cash! I checked to see if the BTC was available and if they were, after a day they just disappeared. Does somebody know anything about this? What happened? What is this situation called or something like that?
You have been scammed mate, never deal with strangers because even people that you know can scam you talk more of a stranger that you don't know where to get him. Next time buy bitcoin from an exchange and use p2p method. There is nothing one can do to help your situation, this is a hard lesson for you. Always make sure that the transaction is confirmed before send the funds.
1036  Local / Nigeria (Naija) / Re: Challenges and Opportunities in Nigeria on: September 18, 2023, 03:06:22 PM
It was during the days of our parents that Nigeria do provide job for her citizen because the country hasn't been eaten up by corruption. These current time na you go find job for Naija o, or else you go leave in abject poverty. Na all these internet skill work na them sure pass as people wey don dey expose to the internet, because na there money dey to fit use meet up with the high rate of inflation wey det our country. Government don fail for there side to take care of their citizens in so many aspects, like job creation provision of unlimited power supply, we for fit help small scale business to grow. This na because of the self-centered people wey our leaders them be, them only care about themselves and their family. But government no know say them dey open our eye the more so that we go look for an alternative to the earn our daily bread, which be the online job. I believe say time dey come wey youths go understand say depending on government na waste of time.
1037  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: September 18, 2023, 02:36:16 PM
Napoli was able to draw in the end and it finished 2-2. Genoa wasnt able to hold on even with a huge lead and its a huge shame that they werent able to hold the lead. Napoli saved themselfs and in the end got a huge point. Last season this would be an easy win but this season nothing comes easy to Napoli.
This is very serious for Napoli, it shows that the team is in a deep crisis if they draw with a weak team like Genoa. Changing coach at this point has proven to be a truly wrong and unfortunate choice. I don`t know how they can fix the situation, now it becomes complicated to manage the problem.
The change of coach might be what is affecting Napoli's performance, but I will applaud them on their last match against Genoa. It was a good performance because I saw the spirit of fighting against defeat in them, they equalise two goals to keep them on track in the competition by drawing the match. I think this season would't be easy for Napoli to win the league because Inter is in their super form and Inzaghi is ready to defeat any club that comes their way.

1038  Bitcoin / Bitcoin Discussion / Re: Not banned, yet not accepted on: September 18, 2023, 09:13:51 AM
Bitcoin is out of ban for banks from using it, and not for people who love to use or own it. The government knows that if they restrict banks from bitcoin, it will slow the adoption of bitcoin and it will also discourage the citizens to adopt bitcoin, especially the people that don't have the knowledge of bitcoin that it is decentralized and can't be tracked ny government who the owner is if you are using a ceentralized exchange. If bitcoin is ban and not restricted in your country and you are breaking the law, if you get caught, you will pay the price for the offense. In my country, bitcoin is only restricted from banks but not from citizens and the rate of adoption is increasing.
1039  Economy / Speculation / Re: Buy the DIP, and HODL! on: September 18, 2023, 08:49:30 AM
The only challenge that someone using DCA method is when the source of income is not steady
This was my thinking too and I even made a comment referencing an entrepreneur.  Thankfully, JJG explained convincingly, how this can be achieved. From that explanation, you can actually know your financial inflow within a certain period like a year, from that you can know what to set aside and plan your DCA accordingly.  You must not be earning fixed income monthly or weakly before you can perform DCA, even when your inflow is not regular, you can take average with a time period and as soon as you have any bulk funds, you can start off with the part that fits into the average you have worked out already and because it is exhausted,  you would have receieved another inflow base on your calculations.

I like to think about the non-steady income in a couple of parts.

The first part is just figuring out what is your worst-case scenarios, what are your best case scenarios and what is your average... So then with that information you can try to project ahead, and most likely mostly using some combination of the worst-case scenarios and the average in order to figure out how much money you need to keep in your emergency fund in order to cover those situations in which the worst-case scenarios ended up playing out rather than the average case scenarios.

So, even though not necessarily likely worst-case scenarios could end up playing out for 6-12 months or more, and so the emergency cash fund should be able to cover the gap between what you need to live and what kind of income is coming in.  Hopefully, you are already spending (your monthly expenses) somewhere less than your average case scenario which should then cause for an ability to invest (or DCA) with part of the amount that you are living below your average case scenario. and sure if the worse case scenario persists for a long time, you may well end up needing to either reduce or eliminate your DCA purchases of bitcoin, but if you have planned in advance you should not necessarily need to stop your DCA, and for sure, you do not want to end up putting yourself in a position in which you end up having to sell any of your BTC during periods in which worse case scenarios are playing out.. which likely would mean that you had not sufficiently prepared in terms of your emergency fund and/or the ways that you had been choosing to live in order to make sure that you are generally living below the amount of your average case scenarios rather than spending more than that.
JJG, I know that you are an old G bitcoin holder with so much experience and different strategy on how to accumulate bitcoin. I also agree to what you said on how someone that isn't having a steady cash inflow can use his average cash inflow for the year to plan on how much he will use on DCAing or to always have an amount that will be left based on always planning and keeping funds for worst scenario than average case scenario. I wouldn't like to such happen in my own bitcoin journey accumulation, the reason is that I have just started my bitcoin journey and I haven't accumulate a significant amount which I can be proud of. Not having regular cash inflow will be a big challenge to me because it will slow the amount of bitcoin I will accumulate, and I am not even sure of accumulate, unlike the regular cash inflow pattern. This is because you might prepare and plan very well on this, but along the line, it might come to play that your worst scenario expectation came out to be  more than what you have planned for, because there are unforeseen challenges that will come to play during this period, which you didn't plan for that must be included because of it is an emergency.

I will use myself as a case study, I plan on how much I spend weekly and let me say if I budgeted $200, I will end up spending up $250 and sometimes $300, but because I have a steady cash inflow I don't feel it. I could remember when I have not gotten job that was frequently paying me, I find it difficult to manage the one that I have worked to use till when another funds comes in, because of this unforeseen circumstances that do occur. I am happy JJG, that you said if you did not make a proper calculation so that your worst case scenario funds should be higher, one might end up falling back to sell his bitcoin due to lack of proper preparation. I am not good at managing a certain amount of funds for some time before another funds comes in because, nobody knows what will happen next, this is why I feel that regular income will help in DCAing better for me. Although, everyone has their own strategy of DCA base on the way they get their income.
1040  Other / Beginners & Help / Re: Deleting Post can reduce the merit we got? on: September 17, 2023, 11:25:52 PM
hi there!

Deleting that particular post will have any impact on our total of merits like will its reduce or still remain as same as before?
Your merits remains the same
 Merits earned by a member cannot be tampered by anyone as it has been recorded and can't be deducted when your merited post is deleted. The merits system is designed in such a way that nothing will be able to tamper your earn merit and your Smerit, maybe only the admin can do so, if I am correct. Moderators wouldn't delete any of your post that was merited.

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