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1401  Economy / Economics / Re: Financial education or 1million dollars on: May 16, 2023, 08:53:25 PM

It's not very obvious that a lot of these happens in our world. There are those that would be given that money and they would know just how to engage it and make the money work for them. Still, there are those that would be given a whole some and they won't be able to make anything out of it. This is as old as man himself as far as history goes.
Money not invested is wasted money. Yeah, money finishes and if you ain't getting some regular income even not in regular amounts, your gradually getting bankedrupt and it only tells when your close to your least.

Money management is a must known for those who hope to make the most put of the little or much they have.
1402  Economy / Economics / Re: Do you spend more-do you get more? on: May 16, 2023, 08:42:29 PM
There is an opinion that the more money you spend, the more you get in return, it is interesting to find out who really works in this direction. I spend enough money, but I have a fixed income, therefore I will not be able to get more. I don't have rich relatives, and I don't expect an inheritance either. I want to get rich, not to deny myself, but I have to save on everything. Who really faced big expenses and received even more? How does it work, maybe I don't understand the essence of it correctly?
What nonsense is that! "The more money you get to spend, the more money you get"
Of course your seeing the result yourself haven't experimented it, stagnant growth. That's the best your going to get out of a lifestyle that revolves around spending.

You don't make more money by spending, you make money by investing. Spending and investing are 2 different things and they both can't be misunderstood.
When you invest, you just convert your money or some valuable into another form and it still gets to stay with you, you still own the value.
When you spend money, your actually exhausting it, giving all its value alway. Maybe you got some product but then, you either lose all the values in it or have or decline over time.

You just don't make money by spending that's some shitty way to think.
1403  Economy / Economics / Re: The Role of Education in Financial Literacy on: May 16, 2023, 07:34:31 PM
That's true, our society doesn't respect someone who has great skills but doesn't have a degree as much as they respect someone with almost no knowledge and skills but a degree in any field of education, that's how it has been working for decades and it is still the same, even if we know it's possible to learn everything by your own, you are still obliged to get an educational degree to prove it.
You know, the role of education to every successful enterprise is underestimated. You can't have and run a million or multi million dollar business without having educated individuals within your company ranks. It's a must have as these persons can establish parameters that could be used in tracking how the business is been doing and also why certain things occur in business. All these could be archived just by looking at some numbers or charts on a paper or on some screen. It takes some one that has attained some level of sound education go do that. Even make projections into the future.
1404  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: May 15, 2023, 11:44:08 PM
It never really ends with the EPL even with the league coming to a closure. It's just hard to accept that Leicester City that has been doing so well in a couple of seasons have landed themselves at the relegation zone and won't be getting much views in a while.
Klopp has just been about showing the might of his Liverpool side and today was no difference, beating Leicester City to a 3 goals to nothing. M. Salah dint manage yo fins himself on the score sheet today but, his efforts were all that made the goals for the Liverpool side today. Another day and game to  make still an ambitious Liverpool at the dead of the league but, its just late to have any ambition  for the Top 4 now.
1405  Other / Beginners & Help / Re: Am confused !!!! on: May 15, 2023, 11:19:05 PM
apart from bitcoin,do you think that there is a high possibilities of making profit from other altcoins.
Yes there is, there is also a higher possibility of incurring losses.
Upgrade00 ha done such a good job in crossing the word other as used there jn your sentence @OP . We have either bitcoin or altcoins (alternative cryptocurrency) which means; every other currency that isn't bitcoin falls within the alternative cryptocurrency categorisation.
Bitcoin isn't compared to the lots of coins out there and so, you can get that right.

On the choice of wallets, open source wallets are the wallets for you and these comes with a private key which ensures your the sole operator and controller of your wallet. Having your coins stored on an exchanges wallet is you actually relinquishing your power of ownership to the wallet and they could run it as they seem fit and there is very little one can do about that.

If you could make money from cryptocurrency,  of course yes. Though, you have to be realistic about the profits you hope to make and your knowledge of the system is the means to getting these profits.
1406  Economy / Economics / Re: Why you should use spare money to invest on: May 15, 2023, 11:05:12 PM
At the time, bitcoin remains a not very well known commodity in our society. An alien to the many currency and means go investing in our world but in all that, there atr goose that have and ate taking maximum advantage of the innovation.
The strange nature of bitcoin being a digital currency m the fact that it ain't regulated, isn't backed up and governments are always seeking means to ensure it lands in a sink hole has got many weary and uninterested in the innovation.
It seems a very risky investment choice and that gives prospective investors reasons to shy away.

This is where investing with spare cash comes handy. For most, it just might be worth nothing and you possibly wouldnt gain much if you was able to hold on to it for price appreciation. Its a step at a time and what yiu call spare cash would be worth more than you can afford to lose when you invest continually.
1407  Bitcoin / Bitcoin Discussion / Re: Keep hodling your Bitcoin on: May 15, 2023, 10:52:40 PM
When you are into something new, you worry about anything that occurs within or between it, but when you are into the same thing for a long time, you choose not to worry about it even if it appears to be collapsing today or tomorrow because you know that it will recover given its past performance. What I just said is how new or experienced users of the crypto space feel and perceive bitcoin when its price falls.
Evidently, people don't understand history or the rudiments about which a thing operates and still, they jump in for the gain because, they've heard of a possibility. That's what has been the case for most and in turn, you find them buying high and selling low because, they've got less faith in the system and haven't Ben able to decipher when what they are sold is just FUD.
In truth, bitcoin isn't gor weak hands. It's for those that are able yo take had investment decisions and that doesn't mean you get to invest more than you can afford to lose but, your sure not to be influenced by what is going around except what is of your own findings and appears to be true enough to you.

Still, there would be those who are ready to go down with the system should that be it but, in the face of uncertainty, risks are sure to pay off someday.
1408  Bitcoin / Bitcoin Discussion / Re: You are still very early on: May 15, 2023, 10:30:49 PM
They obviously lack knowledge and research abilities, and talking sense to such people is near impossible since no matter how much you chant about something, they will still do what they want at the end and all that you say and do to make them understand a point is simply a waste of your own time and efforts, so it's better to leave such people alone and let them experience it themselves.

When Bitcoin was at $500 per unit, people used to think and say the same thing that they are late and they won't make any gains anymore, the same was the case when it reached $3k and then $10k, so there will basically always be such people out there, let them be.
No matter how we explain them, these people will still claim the opposite and couldn't agree with what we tell them. Because what is really in their mind is full of negativity and doubts, we can't influence their minds unless they will change it.
Perhaps, proper education could really help these people to understand how this works but I say that it was a big challenge on their mind on how to change them. But for me, I should not render time with this kind of people who are not willing to change and take advice from me.
I don't think about it so much when people don't gollow in on my advises when it gives to cryptocurrency or taking up some crypto investments. Of course it's always up to them what to do with there funds less, you become an object of there problems. Every bad decision on there crypto journey would suddenly revolve about you and there is a very little way to defend yourself with someone that doesn't understands.

It's easy to say it's over or too late when the funds are already looking unaffordable but, that doesn't mean too late. Certainly not for bitcoin as the coin has just a decade on it and its minnh days aren't done just yet.
What most users would like to do is DCA and be proud when it becomes common.
1409  Local / Nigeria (Naija) / Re: Wetin go happen to our stored Bitcoin, if Nigeria release her ban on: May 14, 2023, 11:58:07 PM
Lets say for example, A person buys 1BTC for $27500( #20 432 500 ) with a dollar = #743

Assuming after the ban, buying from Banks is #500= $1
Therefore, the true value of a stored Bitcoin (Keeping Bitcoin price Constant) will be #13 750 000.
We no really get any ban for the country on owning crypto assets shah, na just say, our government and not just our government but many other nations own as well no patronise the crypto idea. Reason being that, e no dey regulated and na there major wahala be that.

Another thing I for like point out be say, we no dey buy bitcoin from banks, e no dey happen. In fact, if banks fit notice say, you dey transact crypto, na frozing be that and some kind small small wahala.
Another thing be say, when you dey buy from exchange and then you pick banks, na actually people way get accounts with those banks dey wor with you and not the banks themselves. Banks no dey sell bitcoin.
1410  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: May 14, 2023, 11:51:41 PM
Manchester City are at the edge of lifting the league trophy after Arsenal lost to Brighton today, now a win in their next game to Brighton will put the trophy in their hands for the third time in a role. Arsenal fans will be so disappointed with the results of today’s game. The Premier league is finally over, this loss to Brighton just gave Manchester City a clear part to league victory. What can I say Arsenal always find a way to disappoint their fans.
Arsenal played so far 36 games while City played 35 and they are in the first place with 4 points gap.
Basically Arsenal have to win the other two games vs Nottingham and Wolves. Could that be guaranteed? I doubt. At the same time, they have to see City losing all their 3 games vs Chelsea, Brighton and Brentford. That's quite impossible. Manchester City will be declared champions by Monday 21, at the end of Chelsea match.
Arsenal winning there 2 remaining games isn't going to make any difference now. Its 4points difference between them @Manchester City  @Arsenal and a chance for Manchester City to easily push that point gap to 7points. So, should Manchester City even get to lose the rest of there games afterwards, they'll still have a point that keeps them at the top till the league ends. The EPL title is decided already, Arsenal made that decision in there series of draws/loses and its a big lose for Arsenal's plan A. At least, they've got to settle for a plan B where they get to qualify for the UCL next season.  Pep could chill now while setting his eyes on the one title that matters now, the UCL.
1411  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: May 14, 2023, 11:23:35 PM
You forgot to add vini. Sometimes, valverde was also helping real madrid to leave from difficult situation. Rodrygo can come anytime as a savior for real madrid. He was always making an unpredictable movement that was helping real madrid to win the crucial match. Rodrygo is such an underrated player. I remember when rodrygo was making dramatic goal against manchester city which is very good. Real madrid was able winning UCL last seas after it was destroying manchester city through epic comeback.
Your obviously on point about Rodrygo, he's just been the man for Real Madrid just when the game needed goals the most. He did to Manchester City last season and it would be interesting to see what the Pep Guardiola side would do about that. Real Madrid just have these qualities in there ranks. They come in and make a huge difference. It's not been more of Benzema at the time but, his influence on the pitch is sure to throw Manchester off balance. The only goodnews for Manchester City is that, they were able to manage that away game hood and would be playing from a home side this time, a familiar ground with fans to cheer them yo success if they can manage it.
1412  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: May 14, 2023, 04:49:55 PM
Congratulations also to Monza for beating Napoli 2-0 and yes, I realize Napoli have already won the Scudetto this season and Napoli are free to do what they want in this moment. Because, even though Napoli lost until the end of the season, in fact Napoli's position will still be at the top.
It's not a matter of they will, it is what it is at this point. They've already celebrated there winning of the league and so, the remaining matches of the league makes meaning to them. That's why Monza's 2:0 Napoli win is of no importance or significance. The league is won and what the rest of the teams could hope for is to get points that better places them in the league.

AC Milans lose to Spezia yesterday was a big blow to there team. Some how, it seems like without Rapheal Leao, the teams attack is pretty much worthless. These guys were way too easy to play and Spezia turned the game on them in the second half when, one would have been expecting a lot more performance from AC Milan.
1413  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: May 14, 2023, 04:14:11 PM
Manchester City vs Everton match is great game we know Manchester City as the strongest team in this match. Most people were sure that Manchester City would win today's match. Manchester City have performed well enough at the moment to win the match. Manchester City have not lost any of their last six matches but have won all of them.
The Manchester City team definitely has a prioritised game in there fixtures against Real Madrid in the UCL. This is what made the Everton match a tricky one as they can't afford to exhaust there first team players as, Real Madrid isn't a team to play against when your not really fit. Still, Pep didn't come up with much changes in his team but, he had a good enough squad to guarantee him a win and they did. Gundogan has suddenly become such a goal scorer for Manchester City with R. Mahrez providing most of the attacks. E. Haaland still found his way to the score sheet as well and Arsenal would be longing for a lose in some place else for Manchester City.
1414  Other / Beginners & Help / Re: Accepted crypto for trading on: May 12, 2023, 11:11:30 PM
What specific country are you in? There are numerous stores that accept bitcoin in exchange for products and services globally just like this one[1]. If what you mean bitcoin being a legal tender, then we have El Salvador for that.[2]
I suppose OP missed this at the time.

The reason for rejection by most nations is that, bitcoin is decentralized ad the government operates a centralized system where they get to control everything.
Also, bitcoin is seen as a competitor to there product which is the fiat currency. At this stance, its hard to see reasons why they should let the cpim flourish.
Bitcoin cannot be appropriately taxed and lacks regulation. This is unacceptable for the government who seeks to control all that happens within  it territory.

Fortunately for crypto enthusiast, the project doesn't require any approval to grow. It would progress in phases until it becomes a norm.
1415  Other / Archival / Re: [ANN] [banned mixer] | Best Bitcoin Mixer | Low fees | Fully automated on: May 12, 2023, 09:04:12 PM

Won't this compromise privacy? You know, the major reason we always opt for a mixer is privacy.
Also, I don't think batch transaction will lower the fees dramatically.

Imagine a jump in the normal transaction fee rate from let's 3 sats/vbyte a few weeks to 300 sats/vbyte today... That's a 9,900% increase in fees

Anyways this is way temporary issue it seems.
Temporary, if the Devs and bitcoin community do something about it.
If the Devs do something about it... is the fees a function of having logs of transactions that clogs the network or some predefined fee. I guess it isn't the second and with that be the case, what can the Devs or community really do about the fee.

At this time, the fee seemed to have dropped compared to days ago when you can't even process your transaction with 100sat/byte. 50sat/byte could go from the last I checked around 14 o'clock forum time.
Still, it's a fee for a while and your drives to use them coins is the push to initiate transactions.

I don't see a way in which mixers can have it easier since, they use same network as the rest of the bitcoin community. Compounding coins comes with mo advantage as, the number of confirmations would play a role too.
1416  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: May 12, 2023, 08:34:42 PM
I think when you are talking about the team that has more UCL titles than anyone else and double the amount of closest team to them, do not require "even great coach Pep" at the front of it. Everyone in the world respects them that is true and Real could be great at UCL even on their worst season.
That how dangerous Real Madrid is in the UCL. You could always find them coming up with an incredible performance even with them playing very badly in there local league.
At the time, they seem to be at disadvantage haven't drawn there first leg with Manchester City and worth a goal it was for De Bruyne. Almost the same distance as was the Vini Jnr goal and with a lit of power as well. That tells the recognition of the history shared between these two as just a year ago, they @Manchester City got eliminated by Real Madrid in what one could have said to be there best chance.

With the home advantage, it would be interesting to see what Manchester City could come up with and surely, they've got something prepared to win this round.
1417  Local / Nigeria (Naija) / Re: $800m Loan to take pay 5k for six months to Poor Nigerians. Wetin Him dey tink? on: May 12, 2023, 08:23:16 PM
Shey una don see am
- Is this loan really necessary?
- Why the man wan leave too much debt for him successor?
- Wetin really be the real worth of N5000 per month for market as at today?
- Who be the enemies of Nigeria wey dey give am this terrible advice?
You know where the matter cast,
En successor no go leave am for where en stop. E go surely borrow en own to push the debt higher.
Just imagine the format? That one na em be investment abi watin... we naija just like do watin our hand never reach, dey seek life way we no fit afford and na why the thing dey always worry us.

Na so other nations way dey pay them citizens minimum wage dey do am? Na from taxes collected I get idea of. Borrowed to spend na just wasted money.

If them really wan make life easy for the poor, make them look at those things way be say, once fixed, e go affect cost through the nation. Things like fuel. Make our refineries dey function and so the little money way citizens dey generate fit dey get better value.
1418  Local / Nigeria (Naija) / Re: How would you invest N100,000? on: May 12, 2023, 08:01:16 PM
If you have N100,000 how would you invest it? Here is what someone recommended based on their own experiences, knowledge etc. They broke it down into 3 categories - Low risks, medium risks, and high risks investments. Continue reading . After reading it, I'd like to read your recommendations too.

How would you invest N100,000? Break it down into 3 categories - Low risks, medium risks, and high risks investments.

Who dey say #100k too small, I hope say una know say minimum wage for the country na #30k and we get people wey no fit saved out #100k at the end of the year if not for other side hustle wey dem fit dey do. I dey see say crypto dun spoil una to the extend una no dey value Nigeria money again. If #100k too small carry am enter street and dash 10 people #10k then watch the joy wey go dey dem faces when they received that money wey be just 10% of wetin una dey talk say too small.
Real matter o, e get many for the country way no dey archive am before the year run out but, that no mean say, the money plenty shah. The devaluation of naira don make #100k common for eye and crypto don spoil people wella, that one na true. Na why many people and this one no be just within our people but, the world dey reason am like one get rich quick scheme.

If na only #100k I get to invest, and I need divide am into 3 ways as you talk see as I go do am. 50% go into crypto investment wey I go consider high risk and I no go buy Bitcoin. I go closed eye put am for any of those these two altcoins wey I know say my money no fit loss anyhow like BNB or Ethereum. The target go be to get like 10x for this coins or atleast 5x go possible before next bull market finish wey go make that 50k either 250k or 500k.
If we reason am for those way dey do from hand to mouth kind of lifestyle and them go like invest that money; crypto no be option o. How long you wan wait kwanu? You no go even fit reason trading because, 2sec them fit collect all from your hand. One place way I feel say gor nice for hand to mouth people na on food.

All these people way dey cook food for student environment. Once your cooking nice, people go patronise you and you grow from there.
1419  Bitcoin / Bitcoin Discussion / Re: What's the fate of BTC payment now on: May 12, 2023, 07:45:53 PM

With the focus on accepting bitcoin and having a long term plan for them coins except otherwise,  you've got little or no reason to worry t your end.  At the very least, your at the receiving end and not the one sending them bitcoins and there isn't any fee for that. It'more of a customer thing as they are the once sending them bitcoins which puts them responsible for the fees.

Where it raises a little concern is;
1. You having to lose your customers (that's those that prefer bitcoin payment in this time of high fees)
2. Should a customer still proceeds to make payment in bitcoin, you've got the issue of mempool congestion and confirmation time.
3. Should the bitcoin constitute your capital and making withdrawals is the means to refilling stock, you get to face the high fees as well.

These are te concerns you might face as a merchant that is accepting bitcoin but, you could as well take payment in fiat for an alternative. It isn’t a use or die medium.
1420  Bitcoin / Bitcoin Discussion / Re: Don't follow the trends, work with price actions on: May 12, 2023, 06:54:53 PM
For instance, two years ago, bitcoin was valued at $49,151, and pro traders anticipated bitcoin would reach $100,000, but their predictions were dashed when the market stumbled. The market is designed in such a way that if certain procedures are not followed, it will drain one's trading account. Bitcoin has been around for several decades, and we all understand how important the project is. Most traders predicted that trading bitcoin would completely disrupt the market. Do you believe that price action is more essential than trends?
That's why it's a prediction, the degree to any certainty is miminal but, bitcoin was able to attain its ATH at $69k and that's pretty close to the earlier prediction of $100k. $30k is still a good some but, you could as well commend the currency with how far it came.

When we come to trading the market, its always a matter of strategy and what goes with a trader. No matter what your approach might be, one thing I feel you cannot do is trading against the trend. It would take a lot of nerve and assurance in your trading skill to do that. Unfortunately,, such assurances is the one thing you can't get in trading the crypto market.
Also, there isn't a particular design ot procedure for the market. It just assumes various forms and figuring it out is a matter of how well informed you are on analysis.

I think this thread though it focuses on bitcoin, it's more related or better fit in the trading subboard than bitcoin  discussion.
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