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1061  Other / Beginners & Help / Re: Which one of this is important most? on: July 03, 2023, 08:28:21 AM
so it keeps me wondering about merits and reputation which one of this is more important in the forum?.
I do not understand your write up very well but it seems you have already taken side that reputation is more important in the forum than merits. You may be correct but I have these to say based on your question.
  • Reputation and merits complement each other
  • Every reputable members of this forum has good amount of merits
  • But it is not everyone with good number of merits is reputable
  • So, it easier to chase merits and get them than to chase reputation which is more related to trust.
1062  Economy / Speculation / Re: Bitcoin will fall or rise? $30400 the recent price on: July 02, 2023, 10:43:45 AM
Not sure expectation of the SEC is ever bullish, I hope there are better reasons for recovery in the price or I might never be bullish on gaining from here.  30k could be the final price no further upwards, I dont find it too negatively personally.

I am seeing the support at 30k being strengthened in the coming days. Bitcoin sideways movements shows consolidation and it is for upward trend and not the reverse. However, the external influence (SEC) is very much at the neck of bitcoin and is greatly impacting it this time around.
Anyone entering the market should be mindful of the fundamental between SEC and exchanges.

I am rather optimistic of upward movement rather than downwards if SEC is to be positive.
1063  Economy / Economics / Re: Should I Use Emergency funds or Sell my Assets ? on: July 02, 2023, 10:19:59 AM
I reluctantly followed the counsel of a financial advisor to fix my finances in order by creating a budget and tracking my expenses, inflow and outflow of cash using an excel sheet. The economy has been crazy in my country so I needed to do something urgently. My greatest realization after this is that inflation all round is destroying my budget. It's been  five months now. I am torn between using my emergency funds or selling some of my assets to cushion the effect of this economic situation. What do you suggest I do?
I simply believe that an emergency fund should be kept only for an emergency. Inflation in your country, which is also a global inflation cannot be said to be an emergency.
The second option which is to sell some of your assets might be preferable. But then you should not sell what you think that will worth more in the future.

There are some assets which we have at home that e do not have very severe need of but we keep them for decoration and maybe you for aesthetics purposes.
If you have such assets, you can sell them and reinvest the found, while having money to also sustain yourself and your family. Keep the emergency fund strictly for emergency.
1064  Economy / Economics / Re: Bad impact when You carry out Online or Offline Loans on an ongoing basis on: July 02, 2023, 10:07:41 AM
maybe many people are taking loans online or offline for various urgent reasons, but keep in mind that the habit of making loans will only get you entangled with what is called eternal debt and the possibility of getting addicted to making loans online or offline

Loans aren't bad, they can be very helpful when you're in tight corners but we should try o avoid taking loans because it can be as addictive as gambling. When you have an easy way out you won't put effort into what you're doing since you have a backup plan which is indebting yourself. Loans should only be taken when you know you want to invest the loan money into your business that'll generate profits to pay back the loans.

Taking a loan is not a bad idea, but it all depends on the reason you are willing to take the loan and the repayment patten. Some persons will want to execute a very huge project and there is no present resources to execute such a project. They will simply walk into the bank and get a loan to execute such project knowing so well that same project will bring some dividends to repay the loan.

While some people will just borrow for fashion purpose. Some will borrow to satisfy their gluttony. If one continues to borrow for every purpose which worth it and doesn't worth it, in the end, thy will be addicted to borrowing.
1065  Bitcoin / Bitcoin Discussion / Re: KYC propagation beyond my ownership on: July 01, 2023, 04:20:33 PM
I never think anything like that before, because if i do, i may be paranoid of using bitcoin for any transaction using an exchange or any crypto-related service that uses KYC. Also, I don't think it would be necessary in chainalysis to know the owner of the origin of every bitcoin/transaction since then where the bitcoin comes from, because if they do, you will not be considered as the first owner of that coin nor the exchange/service you buy from, it might came from other platform before the exchange so on and so forth.
This is very thoughtful of Op. I have never reasoned something of this nature and I also think that majority of the people in this forum have not also thought about this. But if this is the case, I'm beginning to be scared of centralized exchanges. One can actually be implicated for what they know not about.
No wonder someone like o_e_l_e_o use to emphasis on privacy every time you see him write.
1066  Bitcoin / Bitcoin Discussion / Re: Don't be intimidated on: July 01, 2023, 01:53:36 PM
Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum

Do people actually make investments in order to impress the forum? I have thought about this and no wonder some people keep posting about their bitcoin achievements in the forum whether significant or not.
Does it really mean people are indirectly intimidated by what is happening here. Please no one should be intimidated by what is happening in the forum.
Investment is what happens due to a well researched decision and not because of what others are doing.
1067  Other / Politics & Society / Re: Can the ban on smartphones curtail peer pressure? on: July 01, 2023, 01:06:28 PM
It's not funny at all, I agree with this good decision and see it as very positive for children.

I have two young children who play with mobile phones all hours of the day and they started accessing Facebook, YouTube, etc. and started learning things that I don't want them to learn at the moment.

It is true that in the end it is inevitable for them to see these things, but at least they have grown up a little and are beginning to realize the seriousness of these bad things.
This is a very good measure I must confess. I so much love this development. I have had this issue with my Nephew and I am even confused on how to solve it. I believe he is so innocent to start using a phone with internet connections. So,I bought him a tablet which only uses a hotspot connection and only when he is connected he will have access to internet.
He now tells me everyday about his mates that got mobile phones. So, not buying for him makes him feel inferior to his mates and that can also be called a peer pressure. It is just a two ways thing.
But, what was implemented in OP is the best thing.
1068  Other / Politics & Society / Re: Why do you always think that a rich man's kids are the spoilt ones on: July 01, 2023, 12:55:44 PM
Sometimes the news always has it that a rich man's child is more split than a poor man's son, wrong home training, split with money, no hardship to understand the ways of life, always rude to this fellow mate because his father met to be a fucking rich man, yes I will say it is, these thoughts do cross my mind but still, I don't compare them together I will rather say we are all humans born by women so we are all one but the  difference is just the riches and wealth they have I would say even the poor kids to are also spoilt to.
I have a questions in mind to ask.
* why do some rich kids not realized that they are  spoiled??
* Do you think rich kids become spoiled and impoverished when growing up??
When your parents does not have good amount of money. There are some certain things you will not be exposed to.
The includes such as clubbing and other kind of social activities which will have needed some money to sponsor them.
And it is the rich kid that will have his money to sponsor this kind of activities and that is why they are the ones always into it.
Did children of the poor will only be where they will have a good food to eat and shelter and not some other things which we have to make them spend more. That is why they are not much exposed.
1069  Local / Nigeria (Naija) / Re: This increment of Fuel price in Nigeria on: June 30, 2023, 09:24:37 AM
one thing I love about most Nigerians is that regardless of how difficult it is to survive in this country people always device means to survive.
This is both our blessing and our curse.

Marketers project N700/litre petrol
N700/litre will soon become the normal price, and we will be heading to N1000/litre maybe before this administration is over.

I just dey pity all those businesses wey dey depend on petrol and diesel powered generators to run their business, because they will really be running at loss and those that cannot adjust will be forced to close up.
It is happening already, for instance some bet9ja and bet King shops in my area are closing down.
This is because the betting business doesn't increase money and the odds are standard. The light situation in the area is not good, they run gen 24hrs and then they have no option than to close up for the main time.
Maybe they are planning that if the petrol price comes down they will resume and now the information of increment is on the rise.
1070  Other / Beginners & Help / Re: Is it too late for newbies? on: June 30, 2023, 08:48:53 AM

All my friends are talking about cryptocurrencies, but I still can't wrap my head around it.


If you have any success stories you would like to share, I would be very grateful if I could benefit from them as well...
Welcome to the forum of possibilities!
Stop seeking for success stories, you have heard enough from your friends. This time you have to focus on learning and learn as much as you can and then you can know when to enter the market. There is always an opportunity in the cryptocurrency market. It is either bull or bear. When you meet the market at bear, you will join but when you meet at bull you wait till it is bear.
1071  Local / Nigeria (Naija) / Re: If you get motor, you go pay 1k for proof of Ownership from July on: June 30, 2023, 08:18:38 AM
I don hear di news since yesterday, FG say everyone wey get motor go pay 1k annually. Wen I hear d tori, di thing really surprised me, because I was expecting di presido to remove pains from di people and not to put more injury to di body. Instead of the president to make things easy for the people to use but weti im dey do I no come understand am again. Now di thing wey I dey see here from the government matta now, na property taxation nai im won introduce, and that thing e no go work for this country again. After vehicle, go enter building taxation and other properties.
Wetin be the pain the president put for people body? You mean say anybody wey get money buy car no fit afford 1k year to pay? Make we just dey sincerely to ourselves. We dey live tax free life we this contri. If you check wetin BIT-BENDER talk, you go under how much oyibo people dey pay to own car and na em make dem dey get just 1 or 2. Dem self dey pay for parking space. But for we contri we dey buy motor full everywhere just dey pollute the environment and nobody dey answer us.
Wetin I dey talk be say, make dem use the money dem generate from this small small taxes well for the betterment of the country.
1072  Local / Nigeria (Naija) / Re: Can BTC or crypto users play politics in Nigeria? on: June 30, 2023, 08:01:40 AM
my question is this, can BTC or crypto users play politics in Nigeria by coming out for councilor or other political office and he or she is well know as BTC or crypto users?

Bitcoin users are not higher or lesser citizens in Nigeria and there is no where anyone aspiring to fit into any of the positions you listed above will declare whether they save their money or use fiat or Bitcoin.
In the other hand, Bitcoin dealers do not go around boasting that they are Bitcoin dealers. How then will you be able to identify who is a Bitcoin user or not.

Meanwhile, the Federal government has not banned Bitcoin usage in Nigeria, it is only the central bank that prohibits it's transactions with banks. That is the situation and not outright ban.
1073  Other / Meta / Re: Is it allowed to post in English in a Local Section on: June 29, 2023, 08:18:01 AM
Recently I came across a query where I suggested that We cannot post in the "All English" language in a local board or it is not recommended at least.

Yes, i know that if the posts are a mixture of English & local language, then it is fine. Even if some posts are being done in pure English, they are ok but if a person has a post history where he only insists to speak in English on a local board, what do the rules of bitcointalk say in this regard?
It all depends on the nature of the local board. There are some local boards like mine (Nigeria) that uses pidgin (local English) and also uses English. The most important thing is that you are using a language that the majority or all the users in your locality can understand.
Bitcointalk is about freedom and no hard laws to indict anyone.
1074  Other / Beginners & Help / Re: Not Another Merit Question. Please Hear Me Out on: June 29, 2023, 07:51:56 AM

This question is directed to everyone, but particularly to those who belong to the esteemed 5k plus merit club. Did you ever set a merit goal for yourself, such as aiming for 2000 or 5000 merits by a certain point in time? Or did you simply remain an active member without explicitly considering merits, only to one day discover that your account had accumulated 5000 plus merits?
The merit system was created to do the following;
1. To fight spam
2. To rank up
3. It adds prestige to those who has bunch of it
4. It is also a measure of quality.
Everyone in this forum is conscious of the merits system, even those that has much already. I have seen threads where people keeps tracking progress of the high merit earners and they keep the race of banging more.
Op, just be conscious of merit but don't priotise it for your peace of mind.
1075  Economy / Trading Discussion / Re: Earning online more preferable than offline? on: June 29, 2023, 07:37:33 AM
Earning money online is far superior to working at a physical establishment during the day. Although offline is highly appreciated and difficult. Trading is a great approach to find your true self. It will put everything to the test, including your greed, emotions, patience, discipline, how you handle failure, control, common sense, and resolve. I strongly advise anyone who is going through a terrible time in their life to learn to trade since it provides them a clear sense of purpose other than waiting for jobs. So, which is better, online or offline?
Online earning is not only crypto trading, but by online earning we can understand another field which is e-commerce site. If we talk about Jeff Bezos, he is the third richest person in the world. And he is the owner of Amazon. Today's age is digital age to survive in this age you have to be connected online on all platforms only then you can enter the global market it can be your personal skills like or it can be also your business. So to be successful you must be connected online.

As simple as your statement is, it is very much truth and factual. Even if you don't put it that if you want to be successful you must be connected online, you can say if you want to make money with ease, you have to be connected online.
There are very many things one can do online including the ones that requires high skills and the ones that doesn't require high skills. My simply copywriting, one is already earning online and for you to get equivalent pay offline, you will spend much more energy.
1076  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: June 28, 2023, 10:33:46 AM



I have come across with this news now. It looks like the source I looked into first wasn't telling the truth.  Grin  There is already an agreement for 40 million pounds and the deal is soon about to become official. This must be great news for Maddison and Tottenham both. Because Maddison won't have to compete in the Championship anymore.

For Tottenham it must be really nice to have an attacking midfielder. I mean he is going to be the only player whose main position is attacking midfield. Tottenham have been a team using various formations so I don't think Maddison would have any issue with having a place for himself in the lineup.

Besides he can play as a central midfielder and even on the left wing if there is need. Versatility is also a positive for both sides.
Players have their priorities and they make their choices but if I were Maddison, I would not want to involve with Tottenham now they are not playing in any Europe competitions. They are not also sure of going home with any trophy coming season. While we all solicit for Harry Kane to leave Tot for a trophy career, Maddison really wants to join him.

But it will be a good business for Tottenham if this happens. But who will score the goals since Kane is leaving?
1077  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: June 28, 2023, 10:21:18 AM
Before window transfer is close, Manchester City has many chance for signing new player actually supported with much money and easy for Pep Guardiola filling hole position leaving by Gundogan and try to defend Champion League tittle for next season.
Money is one of the factors why Manchester City is quite successful in the transfer market but that's not the only factor, another factor that makes them successful in bringing in players and these players being successful in developing at City is the foresight of the manager to assess players who can really a mainstay in their squad, after several key players were about to leave City they were able to quickly replace the vacated spot with players who were younger and also of the same quality.
Manchester City doesn't seem to want to let go of any title they won last season, so with big money they are trying to achieve their target later.
Manchester city success is first because of money. No club develops from an average to a top class club without money. Money to buy quality players, money to hire a high profile coach. The success of Manchester City cannot be narrated without mentioning Guardiola. Assuming Manchester City had the money to spend and did not get the right manager, it would still be a problem for them.

Last season, Newcastle entered the journey of being a prominent club and we have seen the success do far. If they continue with this pace. In the next few seasons they will be great.
1078  Economy / Speculation / Re: BTC 100K FOR 2024 ! on: June 28, 2023, 09:58:14 AM
Immediately it is a new ATH I am taking profits straight up
If you planned on taking a profit at the new ATH you should have a good exit strategy to take your profit, implying this kind of strategy below would save you from taking a profit way too soon than supposed, I know how the feelings use to be when you exit the market early, and in some occasions, the market moves up like 2x from your point of exit, I suggest you should try this method while the market has not changed direction, 1st take 25%, 2nd 30%, 3rd 50%, 4th 70% and finally 100% 0f your portfolio.
That is a nice idea!
Purely a DCA way of selling. Just the reverse of buying in percentages too. I appreciate your advice. This method will make me not to regret much even if the market keeps moving upwards after attaining a new ATH.
Also, if after attaining a new ATH and bitcoin price begins to drop, it will not also affect me much since I am selling in percentages.
1079  Economy / Speculation / Re: BTC 100K FOR 2024 ! on: June 23, 2023, 08:55:47 AM


65K Last year record price ever !

I think this year it might be full 100K Final bullrun for the coin.

This year? I don't think so, How did you say that? Bitcoin halving hasn't happened yet and it's still next year after this halving the bull run will start. What would be the reason for Bitcoin to be 100k$ as you say this?

It's not that I don't want Bitcoin to be 100k$, but of course, we have to be realistic, not like we're fooling ourselves. Of course, that's the real situation. That's okay for long-term investors who can wait to reach the 100k$ but not this year. Not for doubting but of course the market because we know that it is very unpredictable.
This information is for people looking forward for 100k for bitcoin. I am not interested in bitcoin 100k because it will still fail. Bitcoin 100k is what the whales and sharks of the market used to keep us in the market during the bull run so that they will still crash the price on us.
Immediately it is a new ATH I am taking profits straightup
1080  Economy / Speculation / Re: BTC price hitting 30k twice this year. on: June 23, 2023, 07:51:47 AM
What are your thoughts on this spontaneous rise again in the price of BTC hitting 30k twice just within the first quarter of 2023. Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

This time is different, as people like to say Cheesy
IMO the price was always at 30k, but there's a difference between real value and spot price. Spot price is determined by trades on the biggest exchanges and 2 of them got sued by the SEC, which was a move to drag the price down and allow institutions to buy from you. They also wanted to introduce their own government backed exchange and force Binance out of the US, which worked.

The price is now returning to its former level that was achieved naturally in q1 of this year. The drop was driven by the US government and if you panicked and sold to them, that's your loss.

I think that we will continue to go up, especially when the blackrock ETF gets approved.
What do you mean in the whole post. I don't think I really understand you well. Are you in anyway saying that the exchanges prevent the bitcoin price rise or they in a way influence it with the spot price. This therefore means that if there are no exchanges, the market movers will trade bitcoin directly against ordinary users to give the true value of bitcoin?
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