After one of our conversation when you said you have small percentage of your money set as buy order even below $20k, I actually adjusted my limit orders too to capture the $24k, $26k and 28k zone where majority of the orders were as I felt price might soar from that zone. I am happy to tapped from your wealth of experience.
I don't get a lot of pleasure from my buy orders getting filled, yet I usually consider them to be offsetting the negative news in which the BTC price ends up dropping and frequently dropping further than we really think that it will... it is kind of like making lemonade out of lemons.. with the assumption that you did not want the lemons, but you will still try to get some kind of benefit out of them... and like you said that if we end up setting these up correctly, we can achieve a bit more of a kind of emotional neutrality - even though I doubt that we can really completely achieve emotional neutrality but having preparations in place for a wide set of scenarios does seem to take off some of the severity of the bite. I understand you very well. My excitement is primarily because the adjustment made me to gain more Bitcoin than I would have had if I had bought at the market price then. Initially I was planning to market execut when price lingered so much around $29400. But adjusting the orders lower in anticipation of a little dip following that discussion made me gain as much as 11% of Bitcoin. This is the reason for my excitement. Anyways, what matter most at this point is buying Bitcoin within the levels it is as that to me is a wise decision. Bitcoin is heavily under-priced at the moment so any entry point within the zone is fine. |
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Do we really have any business with being a poor nation? How did we become the poverty capital of the world? Have you taken your time in considering other countries around the world or maybe you shouldn't go too far and maintain within the scope of Africa alone and see how people are really suffering than you think your country is, for how long are we going to keep blaming the government for their failures when we have the two bare hands to work and till the ground to source out for what we need and even have others benefits from it, can the country make everyone rich at the same time? even if everyone should be given millions of naira it does not end people's problem, they will still be in lack, it's more of we changing our mentality for dependency and work things out for our sustainability. Thank you for your patriotic submission. Indeed people like you with so much optimism are needed to change the narratives. Just so we are on the same page, kindly educate me how hard I need to work so that there will be electricity in the country, good roads, good hospitals and quality education for our people. How hard do Nigerians need to work to stop the endemic corruption in the military and the entire security infrastructure? Is my hardwork enough to make our refineries work so that Nigeria can stop exporting crude oil while importing finished products? What do you really call complaining? Is Nigeria working for you? Do you think that the people killed daily by bandits, terrorists and kidnappers are all lazy that is why they are being killed? Kindly explain to me what will not be seen as complaining so I will stop complaining and starting appreciating and expressing my gratitude. The Nigerian system is prone to manipulation as the foundation is flawed. This is the reason external forces do interfere with the elections processes to ensure that the worst of the people are installed into power. So, how do we change the narrative? Does it mean there is no hope?
There's hope, but are are we sure that even you yourself is not leaving your own role vacant for others to derive benefits from, or if you're there, wouldn't you worse? enough of complaining and let's start doing something. Complain you say? Is that all you can make of the post? Is it really about personal survival rather than how we can progress as a nation? Could it be that you are among those that see nothing wrong with the country? Well, there is really hope because you are working so hard to make Nigeria perfect for us all. |
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This is a good point Dr.Bitcoin_Strange. Sure, there may well be some advantages in terms of having some flexibilities in terms of where to place BTC buy orders, yet at the same time, we can get misled in terms to figuring out when the down correction is going to either stop or reverse... so time and time again, guys can end up getting way too greedy in terms of thinking that they can figure out a lower bottom and thereby failing to sufficiently/adequately prepare themselves for UP at any given price point, even if they might have ONLY executed a few buy orders between $25.6k (our current low) and $29k-ish (the starting point of our most recent downward breaking).
After one of our conversation when you said you have small percentage of your money set as buy order even below $20k, I actually adjusted my limit orders too to capture the $24k, $26k and 28k zone where majority of the orders were as I felt price might soar from that zone. I am happy to tapped from your wealth of experience. The recent dip in price have shown me the beauty of flexibility in the market as most of my orders have been filled at much lower prices than it would have been should I had market executed. Even if no further dips, I'm good now and should there be more dip, I will maximize it as well. Let the market do what it does... |
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 MOOD!Grow a thick skin and play the game of buying the dip. Don't fall for market manipulations where the big capital are taking position. |
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Dutch media says Bitcoin dropped because SpaceX devaluated their Bitcoin holdings by 370 million dollars. I've decided to upgrade my Bitcoin holdings on paper to 5 trillion dollars. Let's see what it does to the market price  The technical terminology they used for fiat to manipulate the system. I guess I have to devaluation my Bitcoin holdings on paper by 1 trillion dollars as well... let's all be funny then. |
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My people, time don reach again wen we gat ask the question: which way Nigeria?
Nigeria is one of the most blessed countries in the world with a rare combination of a vast arable lands, access to sea, abundant natural resources and mineral deposits, not forgetting the human resources the country is blessed with. Do we really have any business with being a poor nation? How did we become the poverty capital of the world?
The citizens of the country are the easiest to govern. Nigerians are patient with leaders, they are willing to endure harsh policies with optimism and everyly law abiding in the mists of provocations. Only in Nigeria will citizens pay for electricity that they never used and pay taxes that are never used to build basic amenities.
Nigerians are hardworking with firm resolve to survive. Nigerians are self motivated, always looking inward for solution to their problems. The energy and resilience of Nigerians are unmatched anywhere in the world. Anything we put body to do, we dey give our best. What then is the reason Nigeria have not assuming her rightful place in the comity of nations?
The closest answer to this question is leadership as a result of the system of government we practice. Without political will, no nation will prosper irrespective of the resources they have. For instance, China was worse than Nigeria in terms of corruption and what have you until someone came on board and exercise the political will to enact laws that makes corruption punishable by death; this was the turning point in Chinese history.
In theory, Nigeria practices federal system of government, a photocopy of the system in USA. But the irony of it is that we copied only the title and not the system itself. States in the US are independent; they make their laws, generate their revenues and manage their resources... only contributing certain percentages to the centre that is incharge of immigration, health, defence and few others. Conversely, in Nigeria, the federal controls everything making the centre too rich powerful and attractive and this out less check and balance in the entire system. This is the origin of our problem.
The Nigerian system is prone to manipulation as the foundation is flawed. This is the reason external forces do interfere with the elections processes to ensure that the worst of the people are installed into power. So, how do we change the narrative? Does it mean there is no hope?
Well, changing the narrative is very difficult but possible. To dismantle the system, issue of religion, ethnicity and tribalism have to be addressed because these are the areas they use in divide the people in order to rig the system. If we can have just one leader that will reawaken the nationhood consciousness such that will make eberything Nigeria first before any tribe, culture and religion, then that will mark the birth of a new Nigeria... until this is done, I'm afraid, we don enter the circle of doom.
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Therefore I don't really target the old age range, I target young people, adults and at least those generations where the Internet existed when it was born.
No doubt, Bitcoin resonate more with younger people... this is expected anyways. The Internet generation will always love anything Internet related so it will be easier communicating with them in this regard. Nevertheless, I know a handful of elderly that have interest in Bitcoin... but it is not worth wasting time teacher the older generation about Bitcoin unless perhaps the aim is to suggest to them to buy Bitcoin for their heirs which is a wise counsel. I disagree with this, bitcoin is for everyone, and we need to teach bitcoin to anyone who is interested in bitcoin. It's not fair and disrespectful when you ignore the elders and focus only on the younger ones. I do not deny that young people will be the future of the country and they are more open to new things. But there are also many elderly people who are always eager to learn new things, and we should not ignore them, should not underestimate the elderly. The future of bitcoin, of the world belongs to the young but don't forget the elders who built this world, and maybe Satoshi is also one of the old generations that created bitcoin for our young generation. If I remember correctly, on our forum there was also a bitcoiner named Jet Cash and he was over 80 years old. I guess he is the oldest investor we have, but his enthusiasm and faith in bitcoin is many times greater than the younger investors we have. Bitcoin is for everyone, we should not discriminate and ignore anyone especially older people and poorer people, they have the right to know bitcoin. Tony you might actually be misunderstanding us a little. We are not disputing the fact that Bitcoin is for everyone because almost all of us in this forum will be super excited seeing Bitcoin sit comfortably in the mainstream and being a legal tender in all jurisdiction of the world.This is our utmost aspiration. We were actually talking with respect to the technology behind Bitcoin. You will agree with me that understanding the technology behind Bitcoin will make one appreciate the entire concept as well as the role of Bitcoin in the future we crave. This understanding is easier for the computer age and the tech savvy guys. The older guys understand and appreciate Bitcoin more from the angle of investment that is why most of those having a firm grip of Bitcoin holding are the older guys because they know how to build and sustain wealth and so far, Bitcoin have proven to be a good source for that. Besides, computer was not started by our generation... there were computer gurus then and I guess the founder and creator of Bitcoin is not that young. So the resonate we mean is in terms of ease of understanding. |
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Personally, I have doubts about any kind of rush to necessarily learn things that you might not have the time and/or energies to learn, and sure if you have some chances to learn more technical aspects of bitcoin, then surely there is nothing wrong with that.... but I would not necessarily conclude that it is healthy to get too focused on the trees and thereby end up losing sight of the forest - because their are a whole lot of angles to bitcoin and there are a whole lot of people who still can value greatly from bitcoin without learning how to code or whatever you might speculate to be some kind of a technical barrier and/or handicap that you might have.
I actually have passion for coding. I have attempted coding when I was in the university but due to the academic workload, which I could not combine with learning new skill, I had to drop coding. After graduation, I started white collar job which also rarely give me time to do any other thing. So, me going back to coding is a kind of passion driven and not necessarily because I want to do it because of Bitcoin. Oh? That actually sounds like a good idea, if you are going to do something that you already want to do, and even if bitcoin gives you a further incentive to do it, there is nothing wrong with that, and surely you might be able to figure out some kind of a particular niche for yourself or if you do end up studying the coding, you may well even figure out some various angles that you had never thought about previously and potentially be able to share some of those learnings with forum members or even possibly find some angles to bitcoin that others had not seen (which surely is a higher aspirational level, but it does not hurt to have more people looking at various aspects of bitcoin's code whether it is on the first layer or some higher up layers or perhaps some applications that might need some more eyes upon their code). It is actually passion-driven. Some of my happiest days in the university was when I could transform polynomial equation and multi-dimensional matrix into computer programs which I can vary the input data to study the corresponding outputs. We applied this in our school work in modeling different engineering systems. It was fun and fulfilling but short-lived. Well, these were basic programing done with MatLab, Visual Basic and Excel. To make a career in programming, one needed to learn more advanced languages like Java, Python, C++ and more; this I could not do because I had to find a job to survive... that was the reality on ground. Besides, the funding for such adventure was not there as I am not fortunate to come from country where there systems grant students access to academic loans. Had I had any means of surviving for the interim then, I would have pursued a career in coding. I have not actually jettisoned the idea entirely because the passion is still there. So, it is a matter of time before I start all over again. |
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Considering the recent military coup in Niger Republic, there has been several calls for return to civil rule from both within Africa and Outside. ECOWAS has also made several attempts to restore the deposed President including dialogue and threatening to use military intervention.
Do you think a military intervention is needed in Niger Republic?
For me I don't understand the double standard associated with the Niger coup. Similar thing happened in Mali and Bokina Faso yet there were no Military intervention from anyone. Why will they send Military to Niger? Coup was done by Niger military against their president and the coup enjoyed the support of the citizens... this shows it is an internal politics that does not require meddling by any external forces. What I see with this ECOWAS and other African leaders is dancing to the tune of the West. Most of the corrupt African leaders wear rigged into office by the West, who prefer the worst of us to lead us. So, those leaders are just doing the biding of the West that depend on the Uranium of Niger for goo proportion of their nuclear power plants and ammunition. |
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There are probably some forum threads on the topic.. it seems that I might even be following some of them.. .but I had not seen anything posted recently.. I did a quick google search on the topic, and if you are interested in more then at least this article will give you something to springboard off of.. https://decrypt.co/118231/bitcoin-core-dev-loses-at-least-3-6-million-btc-to-hack Some have blamed him for being too arrogant in terms of some of the more basic wallets would have likely given him better security than his own seemingly make-shift systems... and surely he is not being criticized in regards to his technical skills prowess, but there have been assertions that there is some value in terms of various open-source systems receiving more scrutiny than some systems that we might create for ourselves and then not be able to adequately see their vulnerabilities well enough in order to protect ourselves from such vulnerabilities. Thanks for sharing the article. It is a complex situation that leaves one confused in regards to knowing what really happened. Luke pleading poverty at some point and coming up with this hack story much later actually make people to doubt the veracity of his claim. One thing I also found confusing is the comment of CZ, Binance CEO, where he threatened to freeze any of the stolen Bitcoin that makes it to Binance...see below.  With the advent of mixers and other privacy and anonymity innovations, how will Binance achieve this? Personally, I have doubts about any kind of rush to necessarily learn things that you might not have the time and/or energies to learn, and sure if you have some chances to learn more technical aspects of bitcoin, then surely there is nothing wrong with that.... but I would not necessarily conclude that it is healthy to get too focused on the trees and thereby end up losing sight of the forest - because their are a whole lot of angles to bitcoin and there are a whole lot of people who still can value greatly from bitcoin without learning how to code or whatever you might speculate to be some kind of a technical barrier and/or handicap that you might have.
I actually have passion for coding. I have attempted coding when I was in the university but due to the academic workload, which I could not combine with learning new skill, I had to drop coding. After graduation, I started white collar job which also rarely give me time to do any other thing. So, me going back to coding is a kind of passion driven and not necessarily because I want to do it because of Bitcoin. |
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Somewhat older te-post Only fools are selling now….  I agree with you totally. well, not everyone will be rich. I wonder what will make someone sell now given the activities lined up for next year! They will definitely regret. |
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This act is the reason why most people have classified politicians as unrepentant liars who may never say anything reliable and can be trusted, in the ideal sense, is not supposed to be so, and if there is a working system, no one will care about the personality of the political but will be focused on the working and efficacy of the system instead of depending of the so-called politicians.
I heard that in some jurisdictions that it not attractive to go into politics or to go into government because they understand it is a place for service and not for embezzlement of public funds as the laws are very active to be used against such leaders who went there to enrich themselves. In such countries, there is rule of law that is feared and everyone is subject to the law of the land. This is the way to make public service work but if countries don't put institutions that ensure even the highest leader is subject to the law, the whole country governance will be in shambles with corruption and flagrant abuse of law and human rights. You will be surprised to know that in those countries, politicians still lie to the people... just that they might have acceptable limits. Politicians globally seems to have somethings in common as you can see from various comments in this thread. Even in the supposed perfect countries,I doubt if there are anyone that can vouch for their politicians. |
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Bitcoin be giving us attitude... glad I have huge endurance limit. Anyone not buying should sit back and watch us... |
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It is looking like telling lies is the prerequisite of becoming a politician. As a matter of fact, there is a way you will tell lies that people will start suspecting you to be a politician. How we get to this point in human history is what no one can explain.
I don't know about your country but in my country, politicians buy over media empires to sell lies and propaganda to the public... I know this is not peculiar to my country. This may be the reason there is a growing distrust between the leaders and the followers.
But is politics supposed to really be about lies? Why is the polity dominating by propaganda?
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....I don't know if you are into computer programming or computer related stuffs because I understand that Bitcoin resonate more with people like that given its technical nature.
I would not characterize myself as much of a techie.. and sometimes the techies get caught up into shitcoins because they find the shitcoins to be more flexible in their programmability.. .. so I am not sure if techies get bitcoin earlier than others, even though they likely have a lot of advantages in terms of understanding ways to protect their stash.. This is another angle to it...some I know actually went ahead to create their own coin and rarely pay attention to accumulating Bitcoin. So I completely agree with you in this regard. but even some techies can get caught up in their own tech and screw things up which seems to have contributed to how Luke Dasher had ended up losing around 200 BTC last year.
Wow this is a mistake someone will rue for a long time. 200 BTC is such a big number. I will not be able to forgive myself if anything close to that happen to me. How did this actually happen? Maybe I can learn one or two thing from it. odohu has a point; it was my interest in computers and related tech, specifically distributed computing projects like folding@home and SETI@home, that gave me a head start in bitcoin.
so for the 1st few years my coins were basically mined with GPUs (and later fpga) directly.. no exchange used. that alone gives a bit of a head start.. so when btc began gaining value some of us already had some that we had just hodled as really there wasnt much else to do with btc back then..
Glad you confirmed my observation. Your name alone sound techie... pardon me as no offense was intended. People like us that are not deep into computer related stuffs still struggle to make sense of the technical aspect of Bitcoin. We tend to hide when the deep things like entropy, nodes, hash etc are being discussed. Conversely, for someone that is already into programing, Bitcoin will be like home-coming. Well, I guess I will put coding as a future plan... probably when I get some financial stability and get off 9/5 system that is making one work like elephant while eating like ant. ie back in the day (say 2011/2012), many peeps 1st experience with btc was buying from an exchange (mtgox maybe..) which takes a lot faith and trust in that exchange especially when sending kyc docs or btc to.
The name mtgox scares me a lot. I hope you were not a victim of their terrible attack? Well, those are the process Bitcoin have passed through... those who were in Bitcoin, experienced the incident of that exchange or heard about it yet continue with Bitcoin are the real MVPs. |
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I have some Canadian friends that are telling me they are having news websites blocked when trying to browse the internet. They even sent me screenshots as I was in disbelief. It’s starting to make sense why Elon wanted Twitter so badly. I think memes are likely to be how news starts being shared in order to avoid government censorship. Anyone else experiencing the effects of Canada going full China on internet censorship?
This is really and happening in many countries. Few years ago Twitter was banned in Nigeria for more than a year before it was restored. Same in Nigeria, the media is banned fom reporting the activities of terrorist who have killed people in thousands for the past few years. Those who go against this directives are made to pay huge fines. If you are outside USA, you will think everyone there is rich and life there is so perfect because the government censors the Internet cum the media. It took social media for us to know that there are poor and homeless people in US and the number is alarming! So this issue of censorship is deeper than we can imagine and come in various forms across different jurisdictions. |
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Nice buddy 150 at 29k slot
Wait for it Philipma1957, I'm quite sure that buddy is going to give us many surprises in 29k range. It's just the beginning of the surprises we are getting. The intensity of the surprises will increase over time. I hope that buddy may not shock us by going below 29k range because that would be another 440 volt shock to many holders. I made my projection in This thred with a two case scenarios. The conclusion is that the consolidation will linger for a while thereafter a drop to the $26k region or a rise higher from without the deep correction. However, a little fundamental is needed to drive the rise. All the same, Bitcoin is cheap now compared to where we are going. |
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So I feel I did not start building my portfolio when I should. At the moment, responsibilities have increased thereby reducing the allocation of income that goes into savings( in this case, saving means buying Bitcoin). Well, it is better later than never.
There is no need to feel alone in the sense of screwing some things up in your earlier I just consider the whole thing a learning process... that is how I make peace with myself. I only try not to repeat such mistakes again. I recall most of the time in my first three years into bitcoin between 2014 and 2017, I was pretty intent upon "right away" replacing any BTC that I spent, and I suppose that after my BTC were more in profits.. I was less intent upon making sure that my BTC replacements happened right away.. and perhaps causing a lot more relaxation in terms of employing replace after spending practices.
I must admit that you started your journey well and from the right footing. You knew and understood what you were getting into hence your resilience and resolve to replace your spent BTC. I don't know if you are into computer programming or computer related stuffs because I understand that Bitcoin resonate more with people like that given its technical nature. Well, it is one thing to know and understand what Bitcoin is all about and another to development the psychological maturity to endure and navigate through the various stages Bitcoin have gone through... obviously you got all and that I respect you for. I have already drawn the conclusion long time ago that no matter what happens, I must always have Bitcoin. As a matter of fact, Bitcoin will be the major thing I will pass to my children. I made This thread asking for how to pass Bitcoin to heirs and got wonderful suggestions and recommendations including one made by Ratimov. I am already studying the entire process to choose the best line of action. Thanks for the link. I will try to take a look at that thread in the coming days. It was actually LoyceV that made a good thread I was referred to; others also gave wonderful suggestions that are feasible as well... any time you are free just take a look. |
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Maybe the $100 million question relates to determining how much to sell and when.. and to maintain some BTC no matter what, even if there are likely going to continue to be periods in which the BTC price is going down substantially in dollar terms, and such going down may even go way further than expectations and stay in such DOWNity doldrums for way longer than expected (or preferred). . .
I have already drawn the conclusion long time ago that no matter what happens, I must always have Bitcoin. As a matter of fact, Bitcoin will be the major thing I will pass to my children. I made This thread asking for how to pass Bitcoin to heirs and got wonderful suggestions and recommendations including one made by Ratimov. I am already studying the entire process to choose the best line of action. |
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These are the whales... the people that saw the future early. Inasmuch as this is so motivating, it makes me feel I have wasted a lot of opportunities not buying enough when I first heard about Bitcoin. Imagine I had started buying when I was in high school and had access to free money! That would have saved me the stress of working for somebody which is tiring. Then Bitcoin was even cheap and affordable for a student from a low income family. Well, it is not yet late... the future is truly bright.
It is not possible the first time you hear bitcoin immediately buy of course you have to understand how bitcoin works and as a result after understanding now you know how to utilize bitcoin for a brighter future, I believe that and continue to collect bitcoin until now. Let that be a lesson to us, we are completely not too late anything in bitcoin is now still relatively cheap and continue to collect bitcoin until you have a lot. I started using Bitcoin the first time I heard about it because it was the only feasible option that allowed me send money across borders due to restrictions in FX, Paypal and other means of payment. As soon as I was shown how to do transaction in Bitcoin,I used it at once. Regrettably, It never occurred to me that beyond the beautiful comfort and freedom Bitcoin offers, it could be a treasure worth holding. So, I first understood Bitcoin from the aspect of use case before that of investment. Each time I check my wallet and see the volume of transaction I have made in Bitcoin, I do feel bad, but then we don't have to dwell in regrets of the past rather than facing the future with optimism. So I feel I did not start building my portfolio when I should. At the moment, responsibilities have increased thereby reducing the allocation of income that goes into savings( in this case, saving means buying Bitcoin). Well, it is better later than never. |
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