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1261  Economy / Gambling discussion / Re: If a addict lives within, which method would you choose to help them on: January 30, 2024, 05:58:28 PM
All those your methods have been used by parents and family members and also outsiders yet it does not work out for them so the best approach is the number with fervent prayers. A friend of my was a chronic gambler and smoker as well and his parents are deacon and deaconess in a pentiscostal church and the boy was sent to university and only for him to became an addict in the university through friends influence in the school and all what the parents did was instructions and prayers. They only instruct him what to do and they pray then the addiction just left him and now he is a new creature.

If force someone that is an addict then you will make the thin worse than ever and if care is not taking care of the person will leave the house for you and go and leave on their own. So the best way is not to force them to accept your opinion. You have to tell the bad effect of been a gambler and a smoker addict. Then pray.
1262  Local / Nigeria (Naija) / Re: 2024 some people still dy mine shit coin on: January 30, 2024, 05:28:25 PM
If someone is investing in another cryptocurrency as a means of diversification of investment then I will not blame the person because according to a saying, "we should not keep all our eggs in one basket 🧺" there are some altcoins that are good for short term while some are good for long term so it is for the investor to know which one is for the long term and which one for the short term.

But most of the shitcoins are from di scammer's end so why you dey invest make you know them well well. I have not even invested in any shitcoins and talkless of mining ⛏️...
1263  Local / Nigeria (Naija) / Re: Why it's very risky to leave your coin in an exchange on: January 30, 2024, 04:35:03 PM
E don tay we don dey yan this matter still on still some people nor won hear word. Them believe say all this exchange nor go fit carry their money run. If you try explain give them make them fit understand, them go clear you say this their exchange na US based and nothing dey hapun. I go just weak when I hear people talk like this, I go come dey wonder how them take get bitcoin.
PP you yan well but we have to consider some factors around the bitcoin network now. Example when someone wants to transfer 0.00043 to an exchange from an Electrum wallet and the transaction fee is about 0.00023 then how much is left for the person to receive to the exchange but if that amount or the unit of bitcoin is Electrum, the person has nothing to pay before he sell them off. Yes we all know the clause that says "Not you key not your bitcoin" but that is statement is not for the time like this because I can't be paying high transaction fee but a small amount of unit of bitcoin that I want to sell to solve small problem.

Even though we are not keeping the large of bitcoin in exchange, we can keep small unit which can be selling to solve issues at hand. But before you do that make sure you know the exchange very well. And if possible it is only for the top 5 exchanges.
1264  Alternate cryptocurrencies / Altcoin Discussion / Re: Donald Trump sells $2.4 million worth of ETH on: January 30, 2024, 04:23:00 PM
This is a good news in the cryptocurrency ecosystem world because foe a politician to use cryptocurrency means cryptocurrency will be adopted in the world wide when such leaders are finally voted in to the leadership positions. Donald Trump who is a Presidential Candidate for the world power country using cryptocurrency then when he becomes the President of the country then the adoptation of bitcoin is guaranteed in the country and once USA adopt bitcoin to be a legal tender currency in the country then many other countries will follow up to adopt it.

Many countries have not said anything about cryptocurrency in their countries because they are still in the confusion stage to know if really bitcoin or other cryptocurrencies are good to accept so for USA to accept cryptocurrency in their country many will follow.
1265  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are altcoins important? on: January 30, 2024, 04:08:16 PM
There is no doubt that the most appropriate long-term investment for altcoins is ethereum. me too. Even though it has several other altcoins, ethereum is still a priority compared to it. I usually sell other altcoins during bullruns so they are not long-term investments.
I also thought of that because Ethereum has been in the system for a long time now and it is the second to bitcoin in term of Price and value. So if anyone is investing in Ethereum at least the person will have that confidence that he would not lose instead he will make profit from the investment. And not all the altcoins are good to invest in even though they are top 10 in the list.

One thing we have to know is that time of the bear and the bull market of the coin is paramount. And not all coins are good for long term, some are good for short term but if it is for long term and you wnt to make a huge profit from altcoins then Ethereum is the best to recommend.
1266  Alternate cryptocurrencies / Altcoin Discussion / Re: Chances for a Litecoin (LTC) ETF? on: January 30, 2024, 03:59:08 PM
Litecoin has a better chance of getting approved over Ethereum. Ethereum staking and it's centralized nature will not help it to get it's approval from the SEC. Litecoin is not that famous as it used to be earlier but it does have a good marketcap. It does have a community that governs it and that will be it's plus point.
Litecoin is also one of the top top cryptocurrencies so SEC can approve the ETF for Litecoin. Even Ethereum was on the pipeline but I don't know if that has been approved or not, because I have not seen a post on that. And if SEC approved the Litecoin ETF then that will make Litecoin to grow faster again and it will be very famous in the ecosystem. Litecoin is more decentralized than Ethereum so people will like to use it more than others.
1267  Bitcoin / Bitcoin Discussion / Re: Paying with Bitcoin. on: January 30, 2024, 03:25:01 PM
Op I don't think there is anything to explain here because the first thing anyone would do when he or she join bitcoin investment or want to join is to know the meaning of bitcoin and it advantages and disadvantages and if you have known the meaning then the way you see it from the article and that is how it is. Bitcoin is digital currency which is meant to buy things and pay for services digitally. So if anyone likes to accept bitcoin in his or her business and you have bitcoin to pay for it then you pay and get you product or person render the services you paid for so what are you asking us to tell you our reasons of accepting bitcoin. This is ridiculous.

If using bitcoin to pay for gold and land is wrong as you said after your research then there is no need to argue again because you have read it by yourself and yet you are saying it is wrong. Then you let it be.
1268  Alternate cryptocurrencies / Altcoin Discussion / Re: What are your stance on SUI on: January 30, 2024, 06:40:12 AM
I like the way you arranged the thread by providing the official website of the token and also the current price of the token so commentors will not find it difficult to make a research again. Some thread creators would not even provide any of those things and making us to find the domain in Google Search. This is the first time I have seen and hearing this token and the price is not too bad.

And now that the price is low, it is the best time to invest in it but the token is not popular so whoever wants to invest in it should make more research about the coin so that you won't regret later.
1269  Alternate cryptocurrencies / Altcoin Discussion / Re: BRC20 NARRATIVE IS SLOWLY TAKING OVER AS WE BUILD UP TO HALVING on: January 30, 2024, 06:03:38 AM
BRC-20 are they the spammers if the bitcoin network? And from what I have I seen the coins have high Market Cap in the Blockchain ecosystem. And this the ordinals that are disturbing the bitcoin network making things very difficult for us use And bitcoin developers wanted to remove these token from the network to avoid the congestion but till now we have not heard anything from them again and that means, they are benefiting from the token and miners  benefiting hugely so to let it go is a problem.

But the users of bitcoin are suffering because of the huge transaction fee. people can't just make transaction like before again.
1270  Alternate cryptocurrencies / Altcoin Discussion / Re: What are your doing for now? on: January 30, 2024, 12:15:39 AM
1 Buy Altcoins from Dip
2 Selling altcoins, to buy more cheap during halving
3 Doing DCA Only
4 just watching the market like me
Recently as the price of bitcoin dropped most of the altcoins also dropped very well. And it will be very good for one to buy the dip and start to hodle till the bull in after the halving Period. Selling when the price went up last month was also a good plan and use that money to invest in the dip again in the halving and start to hodle again for the next bull. DCA is another good plan and it has no limit or scope to invest. With DCA you can invest at all time.

It is not good for just watching the market but at least do something about the market, either you sell it and buy the dip or your add more to hodle.
1271  Alternate cryptocurrencies / Altcoin Discussion / Re: Are memecoins really important for the crypto market? on: January 29, 2024, 11:59:15 PM
I want to hear your opinion about memecoin in the crypto market:
  • Do you support the existence of memecoin in the crypto market?
  • Have you ever invested in memecoin? Which memecoin is that?
  • Has your investment in memecoin brought you joy, profit or loss?

Yes I support the existence of memecoins in the cryptocurrency ecosystem space because it creates the competition among the coins in the market. Without the memecoins the king of cryptocurrencies will become tyrant in the space whereby no can buy and sell and it is because of the other coins and tokens the coins are some moderated. I have invested in one altcoin and it is Eloncoin and the value is still small and I have not withdraw it so I have not loss or gain but small gain has entered.

Quote
Are memecoins really important for the crypto market?
Memecoins are very much important in the coexistence with others in the ecosystem
1272  Alternate cryptocurrencies / Altcoin Discussion / Re: seeking good projects on: January 29, 2024, 09:42:04 PM
Your topic captivated me to check up the thread but what I am seeing inside is different from the topic. But we can still discuss what will happen to altcoins next months to come. The halving has been predicted to occur from the month of April and after then the bull market will take of. Therefore the altcoins will also follow the trend to rise in the bull market time. So you want to invest in any altcoin then I will advise you to invest in Ethereum and Dogecoin with Solana coins.

Those are some of the altcoins to invest and when you master the cryptocurrency ecosystem market then you can extend to other coins if your wish. Your are welcome to the the forum.
1273  Bitcoin / Bitcoin Discussion / Re: Everyone Calls My Child's Name Bitcoin. on: January 29, 2024, 07:35:13 PM
Op according to you
Everyone Calls My Child's Name Bitcoin.
and what is the name you gave your child as the father of the child? And you create the first thread which you have provided the link here on the June 02, 2022, 03:21:20 AM. And from the birth date to date the name ceremony has passed and it now you notice that neighborhood and extended family members are calling your child bitcoin and how did they know that you deal with bitcoin? Op I am suspecting that because you got merit for the birth thread and that is why this thread is also created to fetch more. Because you didn't tell us how the name bitcoin to your child came about. You just said your family members and others are calling your child Bitcoin, HOW?

Calling your child Bitcoin is just a name your desire to call your child because not your love of bitcoin and it great value in the cryptocurrency ecosystem. And I don't think government will do anything with you because that is a name you want to use to your child. And the government will not name your child for you and you will do it for yourself. And I have not seen government arrested someone because they call a name to a child. I have heard names of Bandit and Terrorist and we asked, they were name either by rape or in their dens. Therefore names come from different perspective and the parents must know the reasons behind the name.
1274  Alternate cryptocurrencies / Altcoin Discussion / Re: zcash, pirate chain, monero, prcy, which is the best coin for future of privacy? on: January 29, 2024, 05:21:16 PM
As for me I don't know any of those projects except monero, and I can't compare monero with them for now. Zcash = $22.80 and Pirate = $0.234 and Monero = $165.76 and finally PRivaCY = $0.009388 and the above prices you can see that Monero is the highest among all. And Monero is more legit then to the others tokens. I have not even heard the others before.

And from the links I provided all the tokens are seeing more promising ones but we don't really trust shitcoins because they can disappear at anytime. And if you like to invest in any of them then I will advise your to invest in Monero and for now I don't trust the rest.
1275  Alternate cryptocurrencies / Altcoin Discussion / Re: What altcoins have dropped at least 10x in this bear market and will easily 10x on: January 29, 2024, 05:03:13 PM
I have not a fan of Solana but the cryptocurrency is getting more popular in the ecosystem and the current price of the coin is $101.50 and last time when I checked the coin it was $58.85 and that means the present price of the token is 10x higher than the previous price of November 2023. And the way the price is increasing then the next bull market, the price will go higher than this with another 10x.

The coin is doing well in the ecosystem compared to some that are still struggling to survive in the space. Therefore I am also predicting that the token will reach at least $400 in the bull run that is coming soon.
1276  Alternate cryptocurrencies / Altcoin Discussion / Re: Layers of Security with De.Fi on: January 29, 2024, 04:50:06 PM
Someone knows this new token $DEFI, as I researched, the project is a new SocialFI and Antivirus app with toolkits and their own Audit protocol. The dashboard also lets you track your assets in each of the wallets supported and networks. I think more layers of security for DeFI is necessary especially when the halving is that close.
Op please can you drop the link of the project for easy assess because I made research and what I saw is not close to your $DeFi and this is what I saw

Or probably the coin has not listed in any exchange. And I also make some research on Google Search to see if I can see the official website of the coin but I could not and only saw the basic concept of DeFi and not anything related to the cryptocurrency project as specific. So to make it more easier for us to see the project please drop link of the particular project so we can also participate.
1277  Alternate cryptocurrencies / Altcoin Discussion / Re: Is GRIN still a thing? on: January 29, 2024, 03:51:09 PM
If the coin has been in the ecosystem from ages of days and till now the coin (GRIN) is still have this value of $0.08918 from Coingecko then the coin is still doing well though it is not popular like Monero coin which is also rating as $167.38. Monero is also doing well in the cryptocurrency ecosystem space. And from the way I see GRIN, it will be good for a long term investment because the price as it is, it is not too bad to invest. Not all the coins can survive to this time and for it to stay in the ecosystem in a low key with much people knowing it then once the marketing strategy is high and people know it more then it will do well.

Any altcoin that stays in the ecosystem for five years plus then there is hope to survive in the space. And really poor marketing strategy also affects the growth of a project in the space because if the project is not constantly advertised for people to see and use then it would be a forgotten project for all probably because it is not active or floating for people to see. And really the privacy of cryptocurrency has been tempered by governments so the absolute PRIVACY of cryptocurrency is doubted now.
1278  Local / Nigeria (Naija) / Re: Why The Ban On Cryptocurrency in Nigeria by CBN? on: January 29, 2024, 02:59:41 PM
Op must know that even upon the ban in the country, Nigeria was the highest cryptocurrency investment country in Africa. So the effects was not that much, and the only thing was needed was more population in the ecosystem and full adoption of bitcoin in the country. And now that the government has lifted up the ban in the country, the number of people who will join the system will more and we are all waiting for the full adoption of bitcoin to be the legal tender currency in the country and once that is done then everywhere go be stew.

And I believed you don't know why cryptocurrency was ban in country. Well if you can know the ban came after the youth protest against the police brutality and later tagged as bad governance in the #Endsars. So #Endsars was part of the ban and also the fear of affecting the naira and also the government was also trying to protect it citizens from scam. Because of what happened in the MMM Ponzi Scheme drama.
1279  Alternate cryptocurrencies / Altcoin Discussion / Re: Trend or long term projects? on: January 29, 2024, 02:26:04 PM
Crypto is mostly unexpected and we don't know which token will give us high profit. sometimes we expect a big pump in the token and we believe that this project has a lot of potential but this token performance remains low throughout bull and bear season just like DOT and Cardano while some coins we often called them scam and spam pumped hard like ORDI, Pepe, Floki. It's all about trend when trend end then no one want to buy these coins.

What is your suggestions about profit from altcoins. Should we rely on only buying long term projects or we should invest according to trend despite of looking that trends coin will have no value in future?
All coin cannot give you profit and most of them are only profitable according to trend but after sometimes they become useless. The better way to earn money is that buy a coin according to trend and if it slightly pumps then sell your coin immediately because there is no guarantee that after year it will be same successful or will goes into dip.
That is why many people buy altcoins when they are first launched and make their profits and leave. Some altcoins are just like Ponzi Scheme, those who came and invest early make money or profit and those who came late would be the ones that face loses. So that one of the highest risky aspect of investing in altcoins. So if you want to make profit invest early and not procrastinating it. You can withdraw your capital and invest with the profit to see how the coin will go in the future.

I will also say invest according to trend because once tht trend stop the project might collapsed and as I said you can continue the investment either with the capital or the profit made from the investment. And all depends on the profit you made from it.
1280  Bitcoin / Bitcoin Discussion / Re: Bitcoin is King on: January 29, 2024, 01:58:23 PM
Granting that Bitcoin is the top among cryptocurrencies but I'm still wondering why many people have not appreciated it as they are still looking for cheap and shitcoins. Perhaps, it was been proven and tested so many times and despite the unbearable dump and market crisis still, it recover. There is no losing upon investing in Bitcoin unless there is a problem with our strategies because no matter if it is known profitable but we are too impatient and have no control of our emotions, we still lose in the end. Faith and trust are necessary for crypto investment.
Investment is a personal decision or choice therefore because Bitcoin is the king of all the cryptocurrencies does not mean that everyone will like to invest and many are investing in shitcoins because the price is very much cheaper for them to invest but Bitcoin investment needs at least a reasonable amount of money. So if people are choosing shitcoins to Bitcoin you not wonder yourself and if people invest in Bitcoin more than the shitcoins you should not wonder again because it is vis-a-vis.

As I said many people wants to invest in Bitcoin but because lack funds they invest in other cryptocurrencies and if they use the amount to invest in Bitcoin nothing will come from the bitcoin unit. Example: if they invest in bitcoin with $30 it will come out with 0.00072 as of present rate and it they use it to invest in another coin, it will come in a big amount. Some time it might even reach one unit of the coin.
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