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1101  Economy / Gambling discussion / Re: your perception about gambling on: March 01, 2024, 02:49:52 PM
Because casinos have regged (empty) or make people to be empty or crimple the economy not the individual so when the society see that those who playing gamble are not doing well or living well then they would not allow the wards to follow that part because it is not good and nobody that has taken that part has succeeded in life. If people have done well in gambling in the society then parents would have allowed their children to play because they have seen people who gamble to become rich and living well in the society.

Those who gamble are tagged in the society as criminal in some places and those who have strong head that does not obey their parents went to the gambling halls and play and do all sort of things. Gamblers are known as trouble makers.
1102  Bitcoin / Bitcoin Discussion / Re: Just hodl, bitcoin will do the silencing. on: March 01, 2024, 02:46:45 PM
One of the person whom I know that face criticism was Bukele the president of El Salvador. Upon all the criticisms the guy didn't give up and continue to strengthen the coin in the country till now. I have also been looking for the latest development of El Salvador economic with bitcoin in the country and I discovered that they are doing well though the number of people using the coin is not much as that but after this all time high then the crusaders will also join the investment of bitcoin and propagate the movement to other countries.

Even though Bukele adopt the use of bitcoin in the country, he didn't remove the El Salvador currency for bitcoin but he uses the two alongside.
1103  Bitcoin / Bitcoin Discussion / Re: Found this in the mailbox today on: March 01, 2024, 02:35:04 PM
 Op if you didn't receive any other thing like the private key or the seed phrase then you don't have to worry yourself because what is there just a letter to his lover about bitcoin so there is nothing for you to use there. That is the bitcoin donation bitcoinlab did to the charity organizations to help the orphanage in the society. So one of the staff in the organization delivered the letter. All is for joke. Op since you done received other things then you don't need to know anything from the image you have shown. Because nobody can explain anything from there because that is just a paper.

Probably it is a Spam message those scammers out there is trying to use to Scam some innocent people again. Op be careful with those images you received from the internet. Don't send anything back to anyone if they ask you to do so. And delete the message immediately if they ask you to send them back either number or OTP. Those are the things they will still use to drain your personal account or wallet.
1104  Bitcoin / Bitcoin Discussion / Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands on: February 29, 2024, 09:36:17 PM
Hodling bitcoin is the best approach in the investment of it. And not the one that some investors buy and sell to get their profit within a short period of time. But when you buy enough and hodle it for years before selling them you will make enough profit from it. Some people can't hodle bitcoin for like even 3 month, and those people are gamblers and traders. Because they are always eager to use them either to play gamble thinking to win more so that they can return the ones they collect from the investment but in the process lost all and that is the same to the traders. They would be thinking to us the investment funds to trade so that they can have profit and return the one they collected it from the investment but all was lost.

So to avoid all those things, it is better to keep the investment in the non custodial wallet and wait for the All Time High.
1105  Bitcoin / Bitcoin Discussion / Re: BTC profit taking strategies? on: February 29, 2024, 09:28:24 PM
] As I see the topic, I just know that it is a newbie with their fat lies. You were investing in bitcoin since the last  All Time High and you didn't know that this forum is an existence. You have been investing in bitcoin for years but yet you don't know when the bull market will start. You are still saying the "Forthcoming bull market" when you supposed know that we are already in the Bull Market. Op it is not know we will know you more but late in the year forum you contributions to bitcoin related topics will tell us who you are. If really you are a legend in bitcoin.

Op your strategy can't work for all but probably you. We all know how to use the DAC method of investment but not your pattern.
1106  Local / Nigeria (Naija) / Re: Another alternative on: February 29, 2024, 09:18:05 PM
It's so sad that upon all the promises made by BAT to allow the use of P2p initiative and allow cryptocurrency in the country, the opposite is what's being done and well, we will adapt and survive with better ideas.
Binance has been under a lot of pressure these days to perform within and outside their jurisdiction since the case in court against Binance U.S. hence, why am not surprised that other well performing platforms will take its place and have features that would make transaction seamless and with low fees.

Perhaps an alternative would also be to use the swap option on the Binance app, just to swap BTC to USDT before depositing in a wallet or withdrawal.
That was a political statement BAT used to win the election and he BAT is a very lier because when he was campaigning for Buhari in the year 2014, he said the only solution to the Nigerian problems is to remove the former president Goodluck Ebele Jonathan and Buhari would fixed everything in the country and the irony' was the case. And today now naim be the president who promised heaven and earth but all those promises are just to suffer us.
Do you know the funnest part, he promised to give the unemployed youth 3,000,000 jobs every year but now as we dey talk him dey remove ministries wey people dey work . Closing them down. And making people jobless.

Upon all these things people still dey support am . Dem still dey speak for am. If next month end and things are not yet balance then we supposed to do a vote of no confidence and make our representatives start di impeachment process and if dem no dey do then let the Military take over. So that decree will be use instead of these nonsense laws. And the way I am seeing this matter now, the fourth republic is tired and it like to collapse. If not how can a seating president ban things that making the country economy good. Binance and other cryptocurrencies exchanges have nothing to do with Nigeria naira. And it is their obnoxious policies that affecting the naira. Now the question is that if Binance stopped working on the country will the naira bounce back? No. So what is the esses of this nonsense.
1107  Bitcoin / Bitcoin Discussion / Re: A student investing in bitcoin? on: February 29, 2024, 08:38:42 PM
We have seen students that here foe investing in bitcoin some of them have invested big amount while some re just starting so it is not a new thing for us again. And from the way I am looking at it it is not wise enough for student to invest in bitcoin because they might not focus in their studies mostly in the year one of the school but if it is in the final year then it is good to start the investment because at that time you are almost done with the school. Those who really want to do well in their academic activities always focus on their studies and come out with flying colors.

But those who went there for money and not to study at the end became spammers and shit writers in the community so op focus on your study before you invest or look for money.
1108  Local / Nigeria (Naija) / Re: Telegram wallet now has p2p on: February 29, 2024, 07:48:44 PM
I have not heard that telegram has a wallet on it own. Telegram is a scammers' den so nothing good can come out from them and mostly anything concerning money and cryptocurrency. If telegram has wallet then scammers will is use it to lure innocent telegram users to send them coins. Me I will not advise anyone to use that wallet. Op qaht I will want you to tell me or I will like to ask is that, the telegram Wallet is for which of the coin does it supporting?

There are lot of exchanges to use in the country even Binance and others are not working or using p2p in the country. It is high time we use decentralized exchanges to avoid unnecessary drama like Binance and others. 
1109  Local / Nigeria (Naija) / Re: Government demanding from Binance the lists of its Nigerian users on: February 29, 2024, 07:31:44 PM
This one na serious matter oh. Nigeria financial institutions are confused of where the problem is coming from so them dey accuse everyone wey they do well in the as their problem. Last three weeks federal government order the Nigerian Army to arrest black market dollar exchanging Aboki people. And chase out the remaining ones. And that made Peter Obi to come to the media to abuse the FG. And the harassment of those people will not provide any solution to the inflation in the country.

The government is saying that it is because Binance is not regulated by the government so anyone can just wake up and increase their prices of buying and selling of cryptocurrency and that made the dollar to rise so they are investigating the matter now.
1110  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your view and your opinion about Ethereum? on: February 29, 2024, 07:07:31 PM
Op anyone saying that Ethereum investment is more profitable than bitcoin is deceiving you and don't argue with such person because that person has no good idea in the cryptocurrency. Yes we all know that Ethereum is the second highest cryptocurrency in the ecosystem but the gap is too much. 1 ETH is $3,370 while 1 BTC is $60,761 so to which extend do you think Ethereum is more than BTC. And there is no way Ethereum investors will make more profit than bitcoin investors.

Assuming you invest into bitcoin when the price is $16k and the price rise to $100. And you can see the profit the person would make. Though you will make profit from Ethereum buy can't be compared to BTC.
1111  Economy / Gambling discussion / Re: Are you a generous gamblers on: February 29, 2024, 06:27:13 PM
 Generosity is from the mind and when the mind is free then you give to people and when people are free with you, you give them without them asking for it. Though it is not all gamblers that have that free mindset to give. Greediness and stinginess are some of the factors that making people not to give others. Those who are not selfish give others and they generous. I am a very good example of generosity. But there are some people in the gambling arena that if you give them even big amount they are not satisfied. And that make some generous gamblers to be stingy with their money.
1112  Local / Nigeria (Naija) / Re: Prevention is better than Cure: Binance Removed Naira from the Platform. on: February 29, 2024, 12:06:31 AM
Quote
Nigeria Detains Two Binance Executives, Crypto Platform Accused of Exchange Rate Manipulation
They didn't only detain but also ceased their passports and other doc that would prevent them leaving the country. This matter is getting tougher as the days proceeds and it's important as a Nigerian at this time being if you have any coins or USDT stack in your binance account you without hesitation move it to your non-custodial wallet which has always been the best place to safe keep your asset.
Binance suspended trading our Naira following the arrest. Our government blames them for manipulating the value of our naira, so I think they need to sort out the problem first before they continue any form of trading.

I understand that our government is trying to regulate the cost of things but I think there are better ways to do this than moving rampage on BDC operators and now focusing on exchanges.

 
Really to some extent those people that buying coin in the first page in Binance are scammers because the price range they put their na for formality and not real. Example. If a buy place 2.500,000 to 50,000,000 it is a lie they are not buying like that they just use that one to deceive people and when you place your order dem go even call you on phone and tell you to reduce the price for them to buy and they use that price tag as bait to attract sellers. And Binance is not aware of that manipulation of price and nigeria government knows that manipulation because I heard them saying it in NTA one day.
1113  Local / Nigeria (Naija) / Re: Bitcoiners don't spend all your profits. on: February 28, 2024, 11:53:17 PM
I am on the campaign that dollar is going to crash drastically because the federal government is about to take a step to reduce cost of living and to reduce dollar is on the target and once dollar is decreased then it will affect all the bitcoiners in the forum so what I am about to say is that if you know you have coin in your wallet make sell some now because if you no sell am and dollar reduce in value na you lose. So make you think well and take a good step to calculate the next step to take. Dollar is about to go down.
1114  Bitcoin / Bitcoin Discussion / Re: Bitcoin was created to reform money and provide financial freedom on: February 28, 2024, 11:26:17 PM
Though I might be wrong on this but I think the main or the core reason of creating bitcoin was to use it to trade p2p which is to buy goods and services online but that part or function of bitcoin creation is not working perfectly yet and I don't know if it will work in the nearest future. Because everyone one is going into the investment aspect of it and not the goods and services function. As for me the most interesting part of bitcoin is the part you can use it to buy something like Laszlo Hanyecz who used bitcoin to buy Pizza.

I like to do that but no store in my area is accepting bitcoin in fact they don't even know the name. And those who use exchange to buy bitcoin because it is the fastest way to acquire bitcoin.
1115  Local / Politics and society (Naija) / Re: Oronsaye's Report and Implementation on: February 28, 2024, 10:10:48 PM
The government is saying that people would not be removed from their various office or parastatals but me I know that staff will be removed and this oronsaye report and implementation will affect many people in the country. Many people will be removed from work. And they are blaming Goodluck of creating that ministry to employ people and if you look well you will discover that it it the northern people are more in that ministry.

All these things they are doing my own be shey let them reduce price of goods and services so the ordinary people in the society can also buy something to chop with the small wey dem get from the labour dem go do.
1116  Local / Nigeria (Naija) / Re: Prevention is better than Cure: Binance Removed Naira from the Platform. on: February 28, 2024, 09:40:06 PM
Make una no panic yet, there is way forward if you have your coins in Binance, you go fit still sell am. Make una no fear. You can go to trading in Binance and sell them of from there or you can move them to decentralized exchange platforms to sell them. And for di question Frankolala ask, no be only Binance, even remitano, roggu, and all others wey dey operate in the country. So the best way now, na to transfer all our coins to non custodial wallets as broda Charles-Tim said it earlier.

And another thing I am trying to notice now, if you get coin make you sell all because the revolution to reduce dollar exchange rate is very High and once dollar is devalued well well in the country e go affect us well well so make everyone use this opportunity to sell bitcoin now. I know shey the all time high e dey come but if dollar e dey low even do all time high e no go reach the amount you go sell now. Use you wisdom.
1117  Other / Beginners & Help / Re: The power of consistency, patience and perseverance . on: February 28, 2024, 09:19:16 PM
Op you said it rightly correct. Consistency, patient and perseverance are the factors to stay long in the forum. Though if you are doing well and contributing to knowledge, there will be no attacks or issues but whereby you lie or trying to play a smart game here and then the system find out from you then you will blame yourself. The forum is meant to learn bitcoin and it wallets. And there are two things according to people one must do here and the first thing to do is to learn bitcoin and anything around it and when you have learned, you also pass out the knowledge acquired to other people.

When I was a newbie I was also thinking from this angle but as I rank up the mentality was removed but to say the truth, having the thick skin and move on.
1118  Local / Nigeria (Naija) / Re: Roqqu disabled all trading/swapping of USDT with the Naira with immediate effect on: February 28, 2024, 06:23:23 PM
E no matter weda Dem no dey well know oo, our people say small fire fit burn down full forest. As them start na there the problem sef fit take start.
Na the same thing now e don go happen for Binance too. And that means the Op was right. And the way I see this matter eh. This exchanges dey walka hand in hand because as one stopped di naira peer to peer, other follow up though it is the government policy they all following. And now to sell bitcoin will be a big problem in the country because all the Centralized Exchanges will be disabling naira p2p so people will thinking alternative means to market their assets.
1119  Local / Politics and society (Naija) / Re: Recent dollar price. A good one? on: February 28, 2024, 06:09:34 PM
You see though the rate of dollar dun still come down,  but things for we country nor still free come down forus. Because I remember say if you go market  dem go they tell you say so, so product dun add price over night way dollar dun rise we way they the field of earning in dollars understand say, yh dollar dun really increase. But now dollar price dun calm down small now cost of things still dey as e dey.


You get point there my brother. The government na only one way traffic. As them don succeed with their temporal measure to put fear on the BDC people , dem no fit use that way deal with business people wey still dey sell their market at exorbitant rate. Them dey sell old stock with dollar rate at 1,850 and as price don drop, trust Nigerians not to revert back to status quo.

Well me I no see this exchange rate dropping as we dey think because nothing structural going on in the economy if not palliative.

Ban dollar cash transactions to save naira, operator tells Tinubu

https://www.google.com/amp/s/punchng.com/ban-dollar-cash-transactions-to-save-naira-operator-tells-tinubu/%3famp

We see this headline today.... Na the point be that because how will this be possible to ban dollar cash transactions wey be say the country depends on importation. This na the reality of the economy and the reason wey make exchange rate dey high because business people has to import and so they must have to change Naira to dollar even at high rate. Na demand and supply dey push the exchange rate simple. Make government stop to dey chase shadow and begin build structures wey go help bring back companies wey don run comot naija.
Omen as e be like this everything just dey zicjack in the country. How dollar go come down massively and the food prices still dey go up. How dem take do am. Abi di market people never dey aware of the crash of the dollar. But 1500 e still dey high oh. And if dem reduce price of things, na small go reduce. Mostly let dem reduce food items and cement. But I believed say before this week go run out things go come down small. But make you know say as dollar dey come down him go affect di investors in bitcoin because di buyer go still look buy the coins as the price of dollar at the present rate.

Yesterday NLC told the government dat if things no come down for within 14 days then they will shut down everywhere in the country. And president promised to stabilized the economy.
1120  Local / Nigeria (Naija) / Re: Bitcoin price speculation (BTC/NGN) on: February 28, 2024, 05:52:08 PM
The price of bitcoin hit $62+k today and as of posting the comment it $59+k though it has not shown red yet and tht means it will still go up again. If the market is going up like this till the month end, it might hit $70k and that should the beginning of the all time high for all the in the cryptocurrency market. And crash of dollar affect the investors of bitcoin in the country because definitely the amount would come down and if someone has 0.06036 bitcoin equals to #5.5 millions before when the price of dollar was #1800 and now DT the price of dollar is #1500, the 5m will reduce very well.

Now the BTC/NGN is not like before again but even the price of dollar is coming down, things that is goods are not coming down again that is the worry now.
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