This news doesn't come as a surprise to me, because right from my newbie days in the crypto space, many experienced people have been warning me about trusting centralized exchanges, that keeping your coins in them is very risky. Although I wasn't familiar with this bitforex exchange, it definitely had a good reputation with it's customers, now they can't access their funds, so this goes to proof again that we shouldn't trust any exchange, no matter how big they are and the reputations that they've attained. We don't even know if the exchange was hacked or if it was an inside scam, but the evergreen lesson to learn from this incident is to always remember that "not your keys, not your coins", it's best to keep your coins in your none custodial wallet.
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NEW ELONCOIN address: 0xFFfB5815E26D9c6792d063177a163526D1d2C024
Above is my new eloncoin address, I've deposited my new address in the website, but I can't find where I'll deposit the old address. When I open the eloncoin website now, I don't even see where to log in the password that I created, I don't know if any other member has experienced this issue?
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The agreement so far in this thread is unanimous, aside from BNB being an exchange token of Binance, which is the undisputed number one exchange, BNB is also one of the trusted top altcoins that we know. As far as crypto coins go, BNB will still remain relevant and reputable, thanks to it's affiliate with Binance, although I'm not holding it, I however see it worth investing in for this bull run. I wouldn't give preference to exchange tokens, I'll go for any that I feel will give me returns on investment, in the bull season.
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Bitcoin steady pump to $60k is very impressive, I'm quite sure that it's current price has surpassed what many observers predicted before this coming halving, although I hope that it's steady rise will not make us to see a premature ATH before the end of this year. Bitcoin adoption is geometrically increasing since the awareness of it's bull run, more people now know how profitable it is to invest in it now. I know many people who were skeptical about Bitcoin, and how they're now hodling it because they heard how profitable it is. I'm optimistic that by the time we reach ATH, that it'll have doubled it's current price, so keep accumulating and hodle till then.
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This money does not belong to government, this money belongs to common Nigerians that are looking for a way to survive
Nigerians mostly uses payment processors before, but CBN banned bitcoin and other cryptocurrencies. We moved to P2P and Nigerians will not label the bank transaction as cryptocurrencies. CBN unban cryptocurrencies but Nigerians still prefer P2P. What did he mean? That the money (naira) in the bank used to buy bitcoin and other cryptocurrencies are not legit? I am disappointed that CBN can say they can not adequately identified the money (naira) that passed through Binance. Di news tire me wen I read am, CBN governor just de put blame for wetin no concern matter, where I read reach, dem no give any details to prove say na money laundering de pass through Binance or na there government people de stash dem stolen funds. I expect CBN to first carry out dem research first, to know weda di money wey de enter Binance na people own wey de do legitimate businesses or na di ones of corrupt government officials, so as dem de give report na so dem go de back am up with prove say na stolen funds. Anyway if dem no see where to hold hand na so dem go come de tackle crypto matter, afterall Binance de centralized with customer KYC so make dem give names of people wey de do illegitimate runs for Binance and leave legitimate people alone.
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Don't only treat Bitcoin as a price indicator, also invest in it, because over the years since it's creation, it has proven to be the most reputable crypto coin, and with it's increasing adoption has proved that it's value will keep increasing as the years goes by. I believe that Bitcoin has taken care of any fear of the risk of turning to shitcoin or dip to the price of it's early days, because it's decentralized and it's the forces of supply and demand that determines it's bull and bear seasons, and as more people are adopting it the value will keep increasing, therefore we should expect the price to keep reaching a new ATH during it's bull runs. Bitcoin is the best digital asset that anybody can invest in.
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Despite these challenges, do you think there are still opportunities during economic downturns?
During economic downturn, people must become creative inorder to survive, because businesses will be affected and the prices of goods will skyrocket, a lot of desperation will set in just to find means to put food on the table and live in affordable accomodations. Smart people will think outside the box, they'll either get a second job or learn a skill, inorder to earn more money to survive inflation, also they'll learn to get things done by themselves, what they'll ordinarily call a professional to do for them, so they'll save money. Don't also forget that it's a time when crime rate will increase, scammers, petty thieves, armed robbery, kidnapping and the rest, people will live in fear and worry. This is not fiction, citizens of many countries who's economy are not stable are experiencing these things.
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You can add these two:
When you win little, do not gamble on that day again. But some gamblers will feel like they should continue to gamble and they will lose at the end of the day.
When you are addicted. Quit gambling for a long time.
You and the OP have really provided the best scenerio on when to quit gambling for the day and when not to gamble at all, the OP emphasized on what not to do during loses and you're emphasizing on what not to do after winnings, your advices are a complete synergy on what not to do as a responsible gambler. Chasing loses is very dangerous because in the process you can become desperate and lose the remaining money that's left with you, also when you need money urgently that's the time you shouldn't gamble because there's no guarantee of winnings. Also when you win, it's better not to be greedy and start gambling with your win, inorder to win more, because you can lose that winning. What I'll add is what you've always said in gambling and in crypto trading, that you should gamble/trade with the amount that you can afford to loose.
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Trading is hard and it's risky too, so it's not advisable to have it as an only source of income, because it's not like your regular 8am to 5pm job, where you're sure that at the end of the week or month, that your income is guaranteed. It's dangerous to depend on only crypto trading to make money and take care of your responsibilities, because there's no guarantee that your trade will always be profitable, so if loses starts to occur, there's no how to pay your bills, besides it seems that most traders experiences more loses than profits. So it's better to have another steady source of income, and let the trading to be an alternative source of income, remember to trade with the amount that you can afford to loose.
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It could be that these mexican cartels have some source inside that creates deals with them. They need weapons and where better else to get it than the US government themselves, right?
I reason with what you said, since there's no concrete evidence that the Mexican drug cartels gets these weapon supplies from the ones that are intended for Ukraine, then it can be from any other sources, and why go across to another continent to get weapons when they can easily negotiate with their partners in crime and get it from next door for manufacturer country, which is the US. If there's no evidence to proof that the weapons are the ones that are Ukraine, bound, then I'll say that the claim is politically motivated, perhaps a Russian, propaganda to discredit the US, supply of weapons to Ukraine.
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This forum is very organized and I've seen that some members have shared some links that will be helpful to you, so you can get busy with them. I'll advise that you don't totally rely on members in this forum to help you with everything that you need to learn, make your own personal research to atleast gain basic knowledge of crypto, then you can start topic or join in discussions. On areas where you need help, you just need to ask, and from my experience here, many experienced members will not hesitate to answer your questions, so how you increase your crypto knowledge in this forum totally depends on you.
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I'd like to hear your opinion on this issue: - Does Reddit's crypto investment surprise you?
- Do you believe other private companies are holding undisclosed crypto?
- Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?
1. Reddit investment doesn't surprise me because crypto investment is a growing trend and every corporation and private companies are gradually keying into it, some openly and others secretly. I'm sure that with time, we're going to hear of many other top companies coming out to say they hodle Bitcoin. 2. It's very possible that other private companies are holding undisclosed cryptos , basically to evade tax and to conceal their stash, especially in countries where crypto is regulated. 3. Currencies are meant to be circulating, whether it's in fiat or digital, so economically I don't think that it'll be good if a large crypto is concentrated in corporate reserves, especially as it's adoption is gradually increasing.[/list]
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Una don talk am finish, we naija people no de carry last, and I de very happy say our activity for di board de noted, no shaking, I know say dis morale go help us to de continue to de put efforts for quality post matter and de make di board to continue to de de active.
I thank all our ogas dem wey de encourage us to de make quality posts and I also thank di oga for OP wey drop dis chart to ginger our matter say true true we de try, compared to wen dem create di board. Wetin remain now na make our oga kpatakpata give us more merit source for dis board, as we de grow for di board we suppose to de get more merit to de encourage quality posts. Also we don reach to get sub board and moderator.
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Well instead of leaving your money in fiat especially countries with devalued fiat, you better choose a coin to hodl it there and if you have chosen Tron to do that, you have your reason because most hodlers will prefer bitcoin. However, to your hodling into USDT at this time that bull run is expected will not be a good financial decision. So keep your coin where it can increase as bitcoin rushes upwards as it is expected and already happening.
I guess everybody is free to put their money wherever they like, because in the end it's only them that'll reap the fruits of their investment, whether it's profit or lose, so if Tron, is the choice of the OP, then I'm happy for him. I believe that anybody that is truly knowledgeable about the crypto space will invest their money in Bitcoin, we're heading to bull run and it's price is looking really good, over $50k presently and observers that wants to be modest in their predictions are saying that it'll hit $100k, but I think that it'll surpass it. It's not late to start buying and hodling it to get guaranteed ROI when it reaches ATH.
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Bitcoin system is organized and quite easy to predict, it has its seasons, bull run, bear run and halving, also a time when mempool is congested, it had congestions towards the last quarter of last year, and people who are knowledgeable about how Bitcoin seasons works were not panicked, they knew that it happens. To the layman's understanding, when there are too many transactions, the mempool will be congested and transaction fees will be high, when eventually the mempool dicongests, transaction fees will come back to normal, simple economics.
Unless hopefully the Bitcoin developers does something to address the issue, we're still stuck with the system, if a holder can't pay the high fees, when there's congestion, then let him use alternative means that have been mentioned on this thread.
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If you're talking about a world dominant currency, it has to be none other than the US dollar, although I hear that it's not the number one currency in the world, but in practical it's the currency that's acceptable for international trades. I believe that the reason is because the US has a very strong economy, in the areas of technological advancements, military strength, the best sports and entertainment sector, no other nations beats them in innovations. Every other country depends on the dollar to assess the the strength of their currency, because the US economy is considered stable.
The exchange rate of my country's local currency to the dollar is alarming, the naira keeps devaluing everyday and we see this clearly because when compered to the dollar which is stable, we find out that our government needs to be proactive and make the economy better.
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Technology reformed gambling and online gambling is the game changer, since it's inception where you can sit in the comfort of your home and gamble, more people have embraced it. Another thing is advertisements, before now we don't have much awareness about gambling, but now we have many gambling sites that are being advertised on social media, especially sports bet companies. The modern society has accepted gambling as a game, unlike before that gamblers were stigmatized as irresponsible people who wants to cut corners to get rich.
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Is it possible for him to easily recover his money back or is losses like that very much a part of the trading experience?
I personally think that crypto trading and gambling have more in common than what makes them different, the two share a common factor which is risk, although gambling risks can be said to be higher compared to trading risks, nevertheless they're both very profitable if their risks comes out positively. The difference that I see is that crypto trading has a parten and can be technically analyzed, so traders atleast knows how the market works and what drives the fundamental analysis, but it's not so in gambling, we gamble and depend on luck factor that we can not analyze to determine the outcome, except for sports bet where we can predict the team that'll win. Your friend shouldn't chase loses, because he can become greedy and lose more money, so it's better for him to trade with the amount that he can afford to loose.
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Inorder to grow and be perfect in anything that we're engaged in we need these three attributes that you mentioned, consistency, patience and perceverance, so we can overcome obstacles along the way to our goals. This is an anonymous forum and we have experienced members with different temperaments, so for a newbie to learn from their knowledge, he needs to understand these three attributes, so he won't take any criticism personal, but focus on taping from their experience to increase his crypto knowledge. Newbies that enters this forum with the sole aim of getting merit and ranking up, will miss the learning process, they should focus on increasing their knowledge and manifesting it in quality posts, merits will come eventually.
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What you're experiencing is a phase of life, because from your post it's obvious that you're young, so I want to let you know that you're not alone, most people passed through that stage, it's probably depression, because things are not working out for you the way you've structured your life. It's good that you're opening up about this feelings because you'll feel lighter as you do, what I'll tell you is that you need to be strong bro, tough times don't last but tough people do, if you continue in this path, you'll probably end up a drug addict or worse become suicidal. Get a hubby, engage yourself in a recreational activity, maybe choose a sports, join a gym that you'll be active in, and let your loved ones know what you're going through. I hope that you'll meet that special woman that will make feel loved and feel good about life.
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