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1181  Local / Nigeria (Naija) / Re: Can we proudly tell people that we're Bitcoiners? on: January 23, 2024, 07:32:22 PM
No be everybody go fit to understand say you de join discussion for one forum and at di end of di week dem go just pay you just like dat, most people go think say na cover up for yahoo things wey you de into. E no good to tell lies but for dis our forum matter, make you keep di information to your self, unless say you get correct person wey you wan carry enter di forum, na im you fit to discuss am with, odawise no need to de broadcast Yoursef. Bad belle people plenty, dem fit report you say you be yahoo guy, you go come go de explain yourself for police or EFCC, dem even fit to set you up thinking say you get plenty Bitcoin for your wallet, so as dis forum de anonymous na so you suppose code yoursef anonymously for outside di forum.
1182  Alternate cryptocurrencies / Altcoin Discussion / Re: Look out for a good Altcoin and buy now! on: January 23, 2024, 06:43:43 PM

My candid advises to people who do not have the opportunity to buy bitcoin, is to find an altcoin that they can buy and hodl. If it is difficult to know which altcoin to buy, then I'll just list a few here i think i can spend some bucks on. They include Solana, Ethereum, BnB and Doge.

Let's put some effort and hope for the best to happen.

Your list is on point, you've mentioned top altcoins that are worth putting money in, they've proven that they can be trusted in the crypto market, because they've withstood the test of time just like Bitcoin, I'll advise my loved ones who wants to invest in cryptocurrency, that after Bitcoin, then let it be Ethereum, BNB, Solana and any other reputable crypto coins in the market. Ofcourse new projects are not in the list for long term investments, to cash in on bull run with Bitcoin. New projects are good for the short term investments, an investor has to carry out research to determine the ones that are not scam projects before buying.
1183  Economy / Economics / Re: Crypto: a place where everyone makes money, but few secure it on: January 23, 2024, 06:00:30 PM
This is not only happen in crypto, but other industry too.

Many athletes and celebrities makes a lot money, but not all of them can maintain their wealth because they don't understand about money management and investment, they use almost of their money for their lifestyle.

While in cryptos, most people lost their money because lack of knowledge e.g. invest in ponzi, trust in centralized exchange, and invest in altcoins.

It's not everyone that makes money in crypto investments, some invest in scam projects, others in crypto Ponzi and they lose their investment capital leaving them worse off than when they ventured into it, but if an investor is able to carry out research and know the right crypto to invest in like Bitcoin, then in the long run there'll be a huge ROI for the person. So there's potentials to make money in crypto, but the investors have to choose wisely.

Making money and losing it is not perculiar to crypto investments, it can happen in any other lucrative industry like sports and entertainment, stock, real estate and others, without knowledge of money or financial management, there's a good chance that the person can become broke after experiencing money windfall. So knowing how to manage wealth is as important as making it in the first place.

1184  Economy / Gambling discussion / Re: What is your state on mind if your son stole your money to gamble? on: January 23, 2024, 11:33:47 AM

Question: would she be so disheartened and mad as this if the son had won the bet on a multi million price?
Dear fellows, let's assume you are the mom, what would be your state of mind on this context?

It doesn't matter to me if the child won the bet or not, what matters is that he gambled with a stolen money, and that is a criminal act, if the child is an adult then he can go to jail and serve time for stealing.

The mother telling a child that does not have a source of income to replace money that is gone is the same thing as telling him to go and steal it from someone else, but I guess that the mother said that out of frustration and never really meant it. The first thing for her to do is change her account passwords and hide every sensitive information where the child can not access them, to avoid a repeat of similar incident. Also the young Man needs continuous counseling about the dangers of stealing and the loses in gambling, by professionals or family and friends that he's familiar with,
1185  Economy / Trading Discussion / Re: Crypto exchanges 2023 annual report by TokenInsight on: January 23, 2024, 10:29:35 AM

What are your assessment about the performance of this exchanges, do you see any exchange making any stride to compete with Binance by the end of 2024? Do you think ORCA can also maintain its position in the DEX world?

Binance remains the top centralized exchange, just like it has been over the years, it's the most popular among the known exchanges, whether it's CEX or DEX. Despite the issues that it's owner and former CEO CZ, is facing with the US authorities that prompted the appointment of a new CEO, people speculated that it might affect the reputation of the exchange, but clearly that is not the case now, and so far the new CEO mr. Teng, is working hard to maintain the trust that people have about the exchange, I don't see them shifting ground from the number one position. As for decentralized exchanges, I don't use them, so it's no wonder that I've not heard about ORCA, before, congratulations to them for hitting the number one in DEX.
1186  Other / Politics & Society / Re: Decentralization things are awesome but in some country on: January 23, 2024, 08:21:25 AM
On a more serious note though, those use cases are real and specially useful on totalitarian countries.

Moreover, even in today's most free countries there still is money debasement and control over what people can buy.

Bitcoin enforces absolute scarcity, something unprecedented.



Bitcoin offers the holder privacy and freedom to carry out transactions without the involvement of centralized authorities, no third parties and no limitations, this is why many governments sees it's decentralization as a threat and they'll do everything possible not to see it work in their countries. But you can't keep a good thing under the carpet, so despite the challenges that Bitcoin has faced, being banned or it's usage having restrictions in these countries, the adoption keeps increasing because people are becoming more aware that it's a valuable asset to hold.
1187  Other / Beginners & Help / Re: I require your intervention on: January 23, 2024, 07:09:50 AM
You're in the right section of the forum; everyone starts by reading. Begin by opening the sticky threads to familiarize yourself with the forum rules, and so that if you decide to reply to threads, you'll know the do's and don'ts. I know you'll gain a lot of knowledge not only about investments from the existing informative topics here but also from discussions, guides, and insights shared by experienced members. If there's anything you find confusing or unclear, feel free to ask, and surely, many will help you here. Just read and explore for now; maybe consider investing once you understand the basics and concepts, and be aware of the risks involved, not just the benefits. The crypto space is complex, so take your time to learn and ask questions. Be cautious of potential scams that may be offered to you.

He's in the right section for beginners who wants to learn, so let him go through the pinned threads and then start to read through topics in the forum, and gradually he'll begin to increase his Bitcoin knowledge and if he doesn't understand any areas of discussions, then he can ask questions in the thread. Best way for him to learn fast is to research any specific area that he needs help, maybe start a topic that is focused on that area, then experienced members will help him to understand the specific areas that he needs help. This is a Bitcoin discussion forum and I believe that someone who needs help here should atleast have some ideas of where he's needing the help, this is why it's important for newbies to carry out research to an extent before coming to ask questions in the forum. So let him research about Bitcoin investment, where he doesn't understand, then he can come and ask questions.
1188  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin hidden gems. on: January 23, 2024, 06:11:54 AM
Actually How can we define a good research?  reading their white papers? Some times even scam project create good white papers even they disappear Smiley

Now I aint saying research makes any altcoin a sure bet.  Heck no.  These things stay risky business.  But informing yourself gives better chances of making calls that won't leave you crying into your beer a year from now.  So put in the hours before you put in the investments.  Might make all the difference.

I'm not really a fan of altcoins, especially new projects, I sometimes hear about new projects that can become gems and worthy to buy, but because of the fact that there are more scams than legit coins makes me to be skeptical about them. Carrying out research that in the end of the day might not result to much, really makes me lazy to indulge in the task, ofcourse there are some new ones that are worth investing in, that'll guarantee good profit on the short term, giving you a good ROI. But personally I only have interest in established top altcoins, I like to put my hard earned money in altcoins that I'm sure that have proven to be reputable in the crypto market, like Ethereum.
1189  Local / Off-topic (Naija) / Re: IF NOT FOR GARRI: Drop your story on: January 22, 2024, 07:32:45 PM
We all know and have had an encounter with this life saver … Garri actually saw me through till I graduated , there was no day that I was down and garri wasn’t there to save me…: Omor if not for garri , man for don mud😂😂

Bro, you need to be more creative in your posts, if you wan make meaningful impact for dis forum, you for just relate drinking garri to Bitcoin matter, something like "I de ready to de drink garri and deny myself of some luxuries so I go fit save money to de buy Bitcoin de hodle till bull run", then you fit end am with how drinking garri no be new thing to you based on say na im sustain you through school, wen ground no level. Anyway I encourage you say make you no de in a haste to start topic, make you focus on learning and increasing your knowledge about Bitcoin, gradually you go begin to de make meaningful contributions and de start quality topic, all di best.
1190  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it even possible to offer 10% daily reward? on: January 22, 2024, 06:38:21 PM
Lol! No real world business can generate 10% income on their investment. So this looks like a ponzi scam to me. Anyone can create a token and can declare rewards even at 100% a day. But that does not mean this project is a legitimate one.

Money cannot be created out of thin air. Yes such projects get listed in pancake swap as it has become a hub of scam coins. So if you are getting this coins for free, go ahead. But do not invest your hard earned money into it.

The project is definitely a scam, it has Ponzi writing all over it, because giving investors 10% reward daily is not realistic for any business that plans to be in business for a long time. What they'll do is pay the rewards for sometime, after they've gathered enough greedy investors who'll probably sale off all their assets and others will borrow money to invest, by then the scammers have gathered more than enough returns on their scam project, they'll just shutdown. So if OP is up for the game, then it's better that he's not greedy and invests the amount that he can afford to loose, so hopefully he'll get some of his ROI before the ship will capsizes.
1191  Bitcoin / Bitcoin Discussion / Re: Denying yourself comfortability in other to buy Bitcoin on: January 22, 2024, 05:59:43 PM
Nothing good comes easy, so to achieve something meaningful and great, someone has to sacrifice something, it can be putting in extra time, denying oneself luxury, saving more money or staying away from loved ones in order to achieve the targeted aim. So if an average income earner is determined to invest big in Bitcoin, it's to be disciplined and spend bellow their income to be able to achieve it, they can be doing DCA method, and avoid lifestyles that can derail them from meeting the target of long term hodling. But the problem is that with all the positive mindset and and knowledge of investment, without having enough income to meet basic needs then the desire becomes a pipe dream.
1192  Economy / Economics / Re: Demand and supply directly and indirectly related. on: January 22, 2024, 04:42:21 PM
Demand and supply can have a direct or indirect relationship, affecting market behaviour and performance. Understanding this is crucial for organizations seeking to optimize operations and competitiveness. Thorough research and analysis are necessary to gain the insights needed.

You should have given more insights and examples into your analyzing of demand and supply so we can understand better from the perspective that you're coming from. Anyways it's the supply and demand for goods and services that determines their prices in the market, if supply is greater than demand, then price will fall, likewise if demand is greater than supply then price will increase, this will continue until when demand and supply will settle at an equilibrium price. This is the basic economics concept that drives the market behavior and performance like you said. The concept also drives competition among producers of goods of close substitutes, if the price of one product is high in price, consumers will want want switch to another brand that produces similar product at a cheaper price. In the end it's the demand from consumers and the availability from suppliers that determines market price.
1193  Economy / Gambling discussion / Re: While placing bet what comes your mind on: January 22, 2024, 02:52:29 PM
We all have adventurous thoughts in us that tells us to go beyond our risk limits to achieve greater results, although this thoughts can help us to achieve greatness, but it's not in every aspect. Gambling requires discipline and budget and if a gambler sticks to these methods he'll not be distracted by that inner adventurous voice inside, instead he'll stick to the plan and gamble the percentage that is budgeted for the bet. So the key factor for gambling should be to gamble responsibly and to achieve this is to have a budget for it and be disciplined not to exceed it.
1194  Economy / Trading Discussion / Re: Do You Believe, "Passive Investors Make More Than Active Investors?" on: January 22, 2024, 12:00:55 PM
I've been watching many YouTube videos on how to make lots of money through day trading.
Those videos are quite impressive and compelling.

However, I've read what Warren Buffet (an American businessman and philanthropist, widely considered the most successful investor of the 20th century) thinks about short-term investing, which is quite negative.
By the way, he also thinks BTC has no intrinsic value and cryptocurrency is just gambling.

https://www.investors.com/news/warren-buffett-bashes-bitcoin-as-gambling-token-bitcoin-price-hovers-near-30000/#:~:text=%22Something%20like%20bitcoin%2C%20it%20is,intrinsic%20value%2C%22%20Buffett%20said.



Passive investments should be more profitable than active investments because your passive investment is working for you without you putting in any physical labor and it won't disturb your day job or any other activities. If an investor has enough capital and is able to invest in reputable assets like Bitcoin, gold and real estate, he can even go on early retirement and leave on his ROI, because these assets will keep increasing in value. Meanwhile active investors like crypto traders are always active monitoring the market and facing the challenges of profit and lose, although there's nothing stopping an investor to merge passive and active investments.

As for billionaires like Warren Buffett, and Jamie Dimon, they're entitled to their opinions about Bitcoin, and it doesn't affect the increasing in value and adoption of Bitcoin.
1195  Other / Politics & Society / Re: Let's stop Wars Im calling up all to stop on: January 22, 2024, 08:39:23 AM
Let's stop Wars Im i Understood that war can make profit for some but Im not the one i don't sell oil i don't sell weapons Im average joe and many of you so no profits only loss so let's make group of team to finish Wars.
Who Gona join? Btw let's take down bad people and let's destroy their power together let's bring the light to the WORLD i have people whos in this Also becouse many people Will lose lifes and bad so it's not beneficial so let's stop

Whos IS this ? Let's go?

I wonder the impact that your group or team will make to stop wars that powerful nations, organizations and individuals are benefiting from, I doubt that you'll achieve anything, because there are NGOs and and groups who have the same objective as you, but I won't be surprised if they're using the groups as a front to raise money from individuals and charity organizations to enrich themselves. We have UN, WHO, Red cross, international courts and the rest, what impact do they have to stop wars? They can only advice and mediate nothing more, I believe that to stop wars the parties involved will have to sit for peace talks with concerned nations and their allies will support the resolutions of the agreements. But as far as powerful people are still benefiting from wars, I doubt that we can totally eradicate it.
1196  Other / Beginners & Help / Re: Those interested in merit.. on: January 22, 2024, 07:23:50 AM
Snip

I never expect you to go by this, and you think you're helping the newbies by directing them to where they can just apply for free merits and that's all?

They don't need to learn and know how they could earn the merit themselves from other members through quality post, for how long would they keep applying for free merits, as am concerned, this is a bad recommendation for a newbie to start with, they will always focus on merits through this and begin to device means to physh for merits when they can't apply for free one again.


I thought that as a newbie that you'd be thankful to the OP for directing you to a thread where you can increase your chances of getting merit and ranking up in the forum, there's no need to be acting up bravery here, if you can take advantage of a merit source that wants to help in distributing merit to deserving quality posts that have not received merit, then be happy and go for it. Giving merit in this forum is personal choices of members, so you can make the most quality posts and nobody will merit it, perhaps the members that might merit it are not on the thread that you made the post, so the system is not really fair regarding merit distribution. Although as a newbie, you should be more concerned about learning and increasing your crypto knowledge, eventually the merit will start to come, but don't ignore merit help from source members, every eligible ranks apply for merit, so why can't you?
1197  Alternate cryptocurrencies / Altcoin Discussion / Re: Trend or long term projects? on: January 22, 2024, 06:28:03 AM
In my opinion, better to understand the market and adjust according to the period to be able to benefit from both sides. Now you can see what trends is happening in the market and most smart investors are apeing in to make quick cash to invest on long-term projects.

There is no straight line to make money in crypto, you just have to be smart and recognise opportunity and utilise it. I hope you noticed what is currently happening in solana blockchain? There are many such opportunities but it all depends on how we view the market.

Altcoins investment is a good way of making money provided you are able to recognise opportunities and exploit them properly.

Trends are new projects and are good for short term investments while coins that have lasted in the crypto market are long term projects, so they both serve their purposes for investors. Trending new projects if well researched and found to be worthy of investment are good to make profit on the short term, because they might not make it to long term, so an experienced investor will use the ROI to reinvest in long term projects. I think that this can be a perfect circle to integrate the two options, but trending coins carries far more risks because there are more scam projects than genuine ones, so there's a good chance that an investor might not make that profit on the short term to reinvest in long term projects. My personal preference if I have to go with one of them is to invest in long term projects because they've proven their reputations in the crypto market.
1198  Local / Nigeria (Naija) / Re: NO GREE FOR ANYBODY!!!! YEAR 2024 on: January 21, 2024, 06:18:07 PM
Make you no gree for any nonsense, negativity and procrastination on your own personal level, anything wey go make you to get money and no use am wisely, hopefully to buy Bitcoin and hold, no gree at all. Any bad habit, person or people wey de influence you wrongly make you no gree for dem, na the morale of no gree be dat.

My advice be say make you de careful if you no wan gree for government matterooo, just leave dem, jump and pass and mind your own business. Nigeria, no be Europe and america, wey de respect human right. If you no get money or you no know top lawyer like Femi Falana, better gree for government matter and have your peace, unless na Kirikiri maximum correction center go be your new home. So no gree for laziness, hustle for your money, if bag of rice reach 100k, no gree for poverty and follow afford am, na my advice be dat.
1199  Alternate cryptocurrencies / Altcoin Discussion / Re: How Crypto scammers creating traps to break the system security on: January 21, 2024, 05:08:22 PM
This is extremely alarming the fact that scammers or hackers can now get into legitimate applications and softwares is very bothering we do not know where or what to use anymore in order to avoid these kinds of incidents it is hugely important that we now become extra careful as if we were not careful enough back then because we never know how a hack could be presenting itself

News of scams and hacks are a common news now in the crypto space, no week goes by that we don't hear of a major scam and hacks, this trend is very worrisome especially now that they're breaking into legitimate corporate entities that are crypto holdings, exchanges and wallets, also invading into our personal systems, we just have to be more security conscious, be more informed and guide ourselves against their evil schemes. The internet is no longer safe because of this fraudsters, so everybody must take note and guard against scams.
1200  Economy / Gambling discussion / Re: Patience can help alot on: January 21, 2024, 03:44:04 PM
All these will be good if you have gambling budget and not going beyond it and also make it of little percent of your weekly income. Example is the use of 1 to 5% of your weekly income for gambling and not going more than that.

If the gambling budget is small, you may not even look at the live match score until the match ended if you are not watching the match. I hate cashout.

I have bet on a match before that I thought I will lose and after 3 minutes extra time was over, the team I selected scored and won and I won the bet. Also there were time that reverse is the case. A match that I thought I have won will be lost in just 3 to 5 minutes extra time given.

Your method is the best approach to gambling, it'll help you to have patience and wait out the game, you'll feel relaxed and no much pressure whether you win or lose, you won't really be bothered about cashing out when you feel like the game is going against your bet. All the gambler has to do to achieve this is to have a budget for gambling and let the amount be what the gambler can afford to loose, with this method he can have all the patience till the game ends and no cash out. Afterall the bet should be for fun and not a source of income, so whatever the outcome is won't affect the gambler's emotions.
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