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1121  Bitcoin / Bitcoin Discussion / Re: how secure are your telling fellow wo/man about this forum and bitcoin on: November 03, 2023, 05:58:06 AM
The truth is that most persons in the forum were introduced by a friend or colleague who was already in the forum although I don't know how you got to know about the forum when you started.

I feel that the question of whether it's necessary to introduce someone to the forum is one you are in the best position to answer. But here are a few questions you should ask yourself before accepting to introduce the person to thee forum
1. What kind of a person is she? There are people you will introduce to forums like this and when they try out things and it doesn't work out as they except, they will start speaking bad about you to people.
2. You need to know the persons mentality towards money making mindset, unnecessary competition, and her ability to patiently grow something from the scratch on else she comes in and become a serious distraction to you and gradually sees you as her competition.
3. You also should know that most people just want to make money and might not have interest or prior knowledge on bitcoin or crypto currency. If she's in that category, you need to guide her thoroughly before introducing her to the forum so she doesn't join the catalog of people posting shit post and giving off contribution in the forum.

I hope this little kobo helps
1122  Local / Nigeria (Naija) / Re: Come wetin we see about some Nigerian youths wey use smoking do work of they lif on: November 03, 2023, 05:25:03 AM
Na truth you just yarn like this OP! The way our bross them de take follow up this Highness matter no good at all. The majority of our nigas for the street no fit do without being high.
E get one time I been de learn welding for one area like that and that one come make me relate welll with street boys, we go reach around 70 for the street when de do both welding and car maintenance but e shoke me to discover say na just two of us no de de take highness drugs.

When I make my observation na him I find out say na environment cause most of them to de use the drug. Some of them grow up for place where de no de see taking of drugs as bad thing and so de just flow along with the happening in their society.. For person like me when if my people ever hear say I done take one rap eh, dem fit just disown me. That mentality say I de accountable to someone de prevent me from doing some immoral things and I feel say na good thing for me.

Mad people truly full street and most of them enter that madness levels based on the the drugs them take when pass the one there head fit carry. If only our youth go know say na themselves them de harm and if the effect of their action no come today, later in life e go still worry them then, de go stop or at least reduce how much drugs them de consume
1123  Local / Politics and society (Naija) / Re: Quick money wahala on: November 02, 2023, 09:35:57 PM
Even with or without scam, I don't believe there is anything like quick money. It's just that there is not much work in this country if not most of our youths are very hard working. If you get close to those supposed scammers and look at the effort they put into those things, you will be surprised.

But your mindset makes a whole lot of difference. You know the saying that goes "easy come, easy go" if you are looking for quick money without building substance, it will dry up within a twinkle of an eye.
1124  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 02, 2023, 09:01:24 PM
- To ensure my Bitcoin investments don't unduly affect my peace of mind amidst market fluctuations, I've estimated the amount my family needs for expenses over the next five years (let's say it's $200,000). I keep this sum safely in a bank account, untouched for investments or other purposes, solely reserved for expenses. By doing so, I've found that my state of mind is significantly more relaxed, and it prevents me from making hasty decisions, such as selling my investments for daily expenses.
I feel that this is a miscalculated plan because government policy might change anytime and all your funds in the bank will become affected and your supposed peace of mind will be taken away from you.

In my country, there was a time when the central bank decided that no one was allowed to withdraw up to a certain amount and it affected those that saved huge amounts of money in the bank. But imagine you converted a reasonable amount of your wealth into crypto assets, no government regulation or decision will affect you.

Plus, $200,000 is a huge amount of money that you can decide to hodl a reasonable fraction of it while saving the ones you will need for your upkeep. The fluctuation shouldn't bother you that much if you don't invest all of the $200,000. oncest part of it and patiently wait till the returns become something reasonable
1125  Other / Beginners & Help / Re: I'm new here, I have little knowledge of Bitcoin and blockchain, guide me. on: November 02, 2023, 08:19:35 PM
You are welcome to the forum dear! The search engine is one of the most useful tools that will be of help to you in this forum and I will advise you to make the best use of it. Just take the forum like your Google that has a niche(i.e. that is focused on Bitcoin. It means just like your Google, if you are confused and you need guidance on anything related to Bitcoin and other Bitcoin-related topic, you just search for it and you will be directed to so many threads that have explained them in detail for you. If you follow this process, I bet it won't take time before you become knowledgeable on so many crypto and bitcoin-related topics.

Of course, you might have ideas and contributions you want to share with the forum members, you can post them on the forum, and our experienced bosses will through light to it.

For your knowledge's sake, make use of these;
1. Beginners and Help Encyclopedia
https://bitcointalk.org/index.php?topic=5364418.0
2. Newbie read before posting
https://bitcointalk.org/index.php?topic=1689727.0
They will give you a very strong foundation in the forum.
1126  Local / Nigeria (Naija) / Re: The application of DIP and hodl in our local business. on: November 02, 2023, 08:00:52 PM
The purpose of this thread is to identify and analyze those items and assets we can buy at the point of it decrease in price and hodl them till they experience a price increase and then we can sell them so that way, our knowledge on holding bitcoin becomes also very useful in another area of our daily lives.

 I Will appreciate your input on this.

Op bitcoin has nothing to do the topic and this is purely for economic thread. And what you said is very far from bitcoin buying and hodling. Okay look at it now, has a palm oil sell you can't buy palm oil and store in your house until the price appreciate definitely the Palm Oil will have issue so you have to sell it within days and weeks. The same thing with fuel. If you buy fuel now where will you keep it as a retailer and knowing well that people will steal it if not properly kept.

Buying jeans trousers and sneakers and store them in your shop and only sell them at the time of high price is not a business man. And that is why before you go into those business you have to calculate the risk involved. In those business whenever you come and environmental met you, you must pay their levy or due and they are many on the street so how much will you gain? So in such businesses you don't have to hodle your goods like that. Bitcoin investment is very much far from what you are trying to say. I know that you are trying to narrow your story to bitcoin but they are of different categories. You hodle bitcoin in a secure place (wallet) where the fear of fire outbreak, arm robbering and the fear of the unknown is not found. Those business men use the profit from the business to buy food stuff and eat so if they hodle for a long time, their survival is at stake.
i know that the concept of buying our local goods and resource at the point when it price is low and reselling it when it price goes up doesn't necessarily work exactly the same way as buying a crypto asset and holding on to it. They all have differences and limitations as you rightly pointed out. What I'm trying to say is that with the knowledge of how effective holding on to crypto assets can be, if you apply it rightly in the context I analyzed in my post, it will bring profit. And the reason I brought the topic to the local board is that the goods I mentioned are goods that are peculiar to us and since we don't have the section of economy in our local board yet, it's best I share it here.

1127  Other / Off-topic / Re: Time is more important than money on: November 02, 2023, 05:05:11 PM
Should there be a comparison between time and money?  I feel that each of them plays a peculiar and some sort of complementary role in each other's functionality.

Of course, the main goal is to make money, and to make money, you need to get involved in something that will yield money and the passage of time is what allows you to earn money.

I don't feel it's necessary to make a comparison rather I feel that time should be judiciously utilized if money is to be made. The difference between the rich and the poor is that the rich utilise is time doing the right thing that will yield money while the poor waste their time on things that are not profitable and with time become poor.
1128  Other / Politics & Society / Re: The rate of divorce in the society on: November 02, 2023, 04:30:16 PM
Divorce has become too rampant recently and I think it course is obviously visible to all.
You have so many cases of a couple that had a child while dating and because of the child, they become married without knowing if they are even compatible at all. And it doesn't take time before they discover the flaws in there partners life that they can't bear with and the marriage just comes to an end because of this.

There are others that got married because of the wealth of there spouse or what they feel they can achieve as a result of the marriage and when reality dawn on them and they finally discover that there expectation can't be met, problem breaks out in the home and the only solution they think of his to get divorced.

I feel that most of the course of divorce comes from lack of understanding from the partners and the inability of them to compromise for each other just for the relationship to work.
1129  Economy / Gambling discussion / Re: Winning Wisely: Strategies to Protect Your Bankroll on: November 02, 2023, 04:16:56 PM
My number one and most important strategy to winning wisely is to know when to quit for the day. I have seen people who gambled and won huge at certain points in the game but were not wise enough to go with the amount they've gotten and while they played to accumulate more, their luck went off and they lost more than they started with. Because they felt it was possible to get back their lost funds, they continued the gamble and eventually lost all the fund because they didn't play wise enough to stop while it was all going well.

I know it's not easy to know the right time to quit for the day but once you start feeling unsure of your prediction on a regular, it should send a strong signal that it's time to quit.
1130  Local / Nigeria (Naija) / Re: Will Nigerians Marketers Accept Bitcoin if Legalized on: November 02, 2023, 07:56:29 AM
One good thing you should understand about our country people is that we are very good at adapting to change. During every phase when we experience challenges that brought about some new ways of doing things in the country, it doesn't take time before everyone adapt to the new system within some months the old system gradually fades away.

During the time of scarcity of money in circulation, so many shops that  on a normal day will never allow you to buy stuff from them using mobile transfer changed all of a sudden and you can see now that most small shops have started accepting transfer when you are buying from them.

This goes to shoe that if Bitcoin is legalized and the proper awareness is given to the majority of people, it will only take small time after which it will become a generally accepted stuff in our country.
1131  Local / Nigeria (Naija) / Re: Do not invest in Bitcoin with a borrowed money on: November 02, 2023, 07:44:35 AM
Borrowing money for any form of investment is not always the best thing to and in this context where you might need to hodl off without knowing the fixed date you will be getting a return that will allow you to pay back, it's not advisable at all.

If you are interested in buying Bitcoin you can do so by starting with a little amount you could ignore while waiting for a good return.

Of course, those who are financially stable and who are looking for ways to invest their wealth can use big capital for the investment but an average person should rather stick with what he can afford rather than get pressurized to take up a loan to buy Bitcoin
1132  Other / Politics & Society / Politics and interest on: November 01, 2023, 10:18:12 PM

One major reason why I don't get too emotional on political matter is how far people go just to protect there so called political idea and what they believe in.

The Israeli Palestinian war has gained the attention of so many media platform with most of them shaping and painting the narrative of the war to suit there political stand. No one wants to be neutral and considerable on lives that has gone in the course of this war.

Is it going to be possible that two nation will be engaging in war and other nations will come with the main aim of putting peace without indirectly inciting then from behind and fuelling the war just to claim supremacy?

Has the UN be very neutral In the recent wars happening around the world?
1133  Local / Nigeria (Naija) / The application of DIP and hodl in our local business. on: November 01, 2023, 09:46:56 PM
When I look at the concept of buying a crypto asset at the time its value is low and holding on to it till the time its value appreciates, I try to relate it to the business structure in our country and look at applicability in making a huge profit from some of our materials and resource that experience a serious increase in price at a certain time of the year and later experience a dramatic drop in price at other seasons of the year.

If you look at red oil for instance, around February, most of the palm fruits will become ripe and this will result in excess oil in the market and will lead to a sharp drop in the price of red oil in the market. After that period, there is always a dramatic and sharp increase in the price of red oil, and within some weeks you will experience some sort of scarcity.  If you understand the applicability of Dip in this context, and you make the wise decision of buying a lot of the red oil at a price drop; during the period of scarcity, you should be able to sell it for twice the amount you bought it which is a great investment strategy.

This applies to so many businesses that experience change in prices like
1. Stocking up your shop with jeans and sneakers before xmass so when the price of these items goes up, you can make a great profit from then
2. Almost every December the price of fuel goes up very much, we can study the change in these prices and know when to buy and hold those items to make a profit at a later time.

There are so many other local items and assets that experience such change at price at different times of the year

The purpose of this thread is to identify and analyze those items and assets we can buy at the point of it decrease in price and hodl them till they experience a price increase and then we can sell them so that way, our knowledge on holding bitcoin becomes also very useful in another area of our daily lives.

 I Will appreciate your input on this.
1134  Other / Off-topic / Re: A debt free life on: November 01, 2023, 07:54:20 PM
Life is in phases! At the stage of your rising, you might be living in debt and it's a bit understandable at that time. But you have to grow to a point where you deliberately decide that you will live a debt-free life.

It's very possible and there are a lot of people out there that are doing so well for themselves without being indebted to anyone.

If you are also contented wit the little you have, you won't be in debt.

Of course, there are a lot of reasons why people take loan funds from people ranging from solving life challenges to using them for business ventures.

It becomes very bad when you take a loan for personal consumption but if you take it for a business venture, it becomes a reasonable risk which to me is not a bad debt.
1135  Other / Beginners & Help / Re: How to Make a Quality Posts in the Forum on: November 01, 2023, 07:40:20 PM
The quality of your post first lies in its ability to pass relevant information to the forum members and the rest is a bit of effort to ensure that your reader gulps the information in a readable and easy-to-assimilate manner.

I guess if you know how to post correctly, how to quote in context, and general quoting, and how to use the various commands like the bold, italicize, stroke etc it will be a good start. Also working on the right and suitable topic that will draw attention of readers won't be a bad idea.

You just have to put in the right effort to ensure you have a good reputation that when someone looks at the your name for example (hewlet) they will expect a positive comment or contribution from your writeup.
1136  Economy / Speculation / Re: Buy the DIP, and HODL! on: November 01, 2023, 07:24:17 PM

Of course that's one the things I like about Bitcoin, irrespective of how the price has gone far it still allow people who has less capital to accumulate, through this way most people that feels it will be very difficult accumulating has now become a Bitcoin holder, perhaps this is one of the reasons why I object or disagree with the most people that normally claim that Bitcoin is only meant for the rich.
the fact that one can buy bitcoin with as low as $5 shows to a very large extent how all inclusive bitcoin is. This goes to show that bitcoin is for the rich, the average and for those that don't even have that much cash. It depends more on your knowledge and how much prospect you see in it that motivates you to accumulate Bitcoin.

This is just like buying a share from a big company, if you are told that you can buy a share from apple company with as low as $10 to $20, it will be easy for the average person to risk such amount because of how popular apple product has gone globally. But if the least amount of share one can buy from a a company like Apple is around $200 solar it will be difficultt for an average person to see any investment opportunity in it. This is the beautiful thing about bitcoin as it allows anyone willing to accumulate it to do so with a little amount of money.
1137  Economy / Gambling discussion / Re: Advice when you are going a bit far in gaming and betting on: November 01, 2023, 05:51:04 PM
Seek help if you feel you are no longer in control. Make a phone call to a friend or go out and speak with someone.

When it comes to regulating how far our betting/ gambling habit has gone, it's necessary to understand that you can't stop it that easily all by yourself. It gets worse when you have an associate who regularly comes in and you'll go out together to gamble. You will need to speak to a friend or family member and ask for his guidance. If possible, you can tell the person to regularly check up on you and bring up the conversation regarding how your gambling habit has become - if it's either becoming addictive or not.

There was a time when I became too addicted to social media and was always on it uncontrollably I didn't notice it that quickly but my friends observed that I was always online and we spoke about it and that helped me to cut down on that habit.

When you have someone that can monitor your excesses, it goes a long way in protecting you from negative things.
1138  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin for everyone? on: November 01, 2023, 05:19:16 PM
Nothing in life is designed to go out well with everyone no matter how legit, profitable, or how its prospects look. Bitcoin is not an exception. for those of us who know its worth and are at the same time willing to invest in it, Bitcoin is for us and that's why we continue to sensitize people on having the right view of Bitcoin even when the government seems to be kicking against it practice and adoption in so many countries around the world.

Even for those that have accepted it, you have to decide if you want to go into trading, mining, hodl, etc. The politics behind its ban in several countries should send a strong signal that Bitcoin if generally accepted by the population without any restriction on the part of the government has an high tendency of bringing a remarkable change in the current known mode of transactions.
1139  Local / Nigeria (Naija) / Re: High cost of commodities on: November 01, 2023, 04:49:00 PM
No be new thing say when xmas de approach like this, things de increase price. na wetin don de happen since on a yearly basis and everybody don de use to the fact say once November to December reach like this, things go increase price wetin no good.

But make you try understand say some wise ones de also cash out from this period because de go done stuck stuff plenty for there shops and and now when price don go up dem go use am cash out, Na so wealth de take come. Another thing also you need know na say as price of things de increase for one sector, e de also increase for every other sectors apart from the salary earners when de receive fixed pay every month. So if you be business person, you too go follow increase your own price so that way, everyone go experience a win win situation.
1140  Economy / Economics / Re: Small Scale Business Ideas on: November 01, 2023, 04:35:55 PM
There are so many small-scale businesses one can venture into depending on the peculiarity of the need in your environment. When thinking on starting up a new business, it's best that the business idea comes from a place of trying to solve a problem in the society so that way, you know that you already have your primary audience.

You just have to look at an existence business and find out the area they are missing out and you can use that as an advantage to build your unique brand.  It's possible that as you travel outside of your environment you can see a business that is striving in another location and that is not in your environment. You can start up such business in your environment and it will grow in the long run.
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