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1481  Economy / Speculation / Re: Bull season started? on: November 04, 2023, 11:32:38 AM
I thought that when the price broke above $35k, it would trigger the next bull run, but it seems there's a strong rejection around the $35k level. The volume has also been decreasing over the past week. In my opinion, the potential is leaning more towards sideways and bearish movement as long as the resistance level is not surpassed in the short term and the retest fails.

I estimate that when the daily candle is above $35k, we'll see an upward movement in the near future. However, my view on this might be a bit hasty... it could take another week to gauge the daily candlestick's movement.

I will be careful about bull run confirmation for this year because it is still not halving and bull run will not overide halving. Moreover, that bitcoin price extends from 30k to 35k is just the pump here and there and should not be seen as bull run so that we don't get confused. So I see that as side ways ranging of price, the real pump and volatility will be during the bloc splitting.  This time around more adopters coming in so much btc is in demand while hodlers are aiming for the bull.
1482  Economy / Economics / Re: choose an option on: November 04, 2023, 10:52:26 AM
~Snip

What if bitcoin price fails to rise and falls below 24k$? There is no certainty that bitcoin will increase in price and double its profits.

It only takes patients for btc price to appreciate again after it drop and you either have the chance to exit at your buy price or you DCA for potential profit. Bitcoin is highly volatile and that is why most choice have gone for bitcoin. It is also a hedge on inflation so whichever way you look at it bitcoin will still stand the taste of time. If you also go by the history of bitcoin, it has always gone pass the previous ATH , that shows it is an asset for the future and will keep appreciating in value after every halving.
1483  Economy / Economics / Re: AI will put an end to work, says Elon Musk on: November 04, 2023, 10:15:53 AM

And even in cases where automation does replace certain repetitive (or routine tasks), there are usually new opportunities that arise, requiring human creativity, empathy, and problem-solving skills. For example, empathy is not something you can get from AI.

You have well observed this lacuna in AI technology and that has been identified by the neuroscience even though I have read that they are working on that to at least have a mimic version of human emotion. This I don't believe is perfectly achievable because it will all confirm the fake version of the original.

Well musk might be laying his staff off while replacing them with AI because they could be perfect for his kind of investment but definitely not for all spheres of live.

He even claimed that humanoid robots might be a perfect friend for one of his sons who is having difficulty in having friends.

He should tell his son to think like a human being and not a robot then certain he would attract his likes. Human have blood, feelings and emotion, feels empathy and happy at a point but robots lack those.
1484  Economy / Economics / Re: How do you manage your finances and family if your income is low range? on: November 04, 2023, 09:19:52 AM
There are many people around us, where their income is not enough to manage a family how do you manage your family and economy? There are many people who manage their family very well even though their income is very low in their personal life, how do you manage it?

Sincerely speaking life has been so thought for such people. When you aim higher you meet up some certain things in your house hold like living in a nice house, sending your children to nice school and eating 3 square meal a day.

But for those low Income earners, managing a family is always difficult. How they survive is by cutting down their expenses to the lowest.  according to how there name implies. Ranging from sending their children to public school instead of private school, living in a location that is less civilzed so as their rent to be less compeard to those people living in the main city. When buying food you buy in small quantity and give law on how it's going to be consumed. They often leave a life of borrow an pay.

Well running a poor house hold is more of understanding than cutting down on standard of living and majorly it depends on the understanding of the woman in the house to be able to implore ways to manage because despite cutting down expenses, there will still be some needs that will not be touched no matter how you manage to reach to them.

However, women have that managerial skill to be able to implore alternative cheap means to still achieve same result, like instead of using fish to cook, they might alternate it to crayfish yet giving the food same nutritious taste and nutrients needed for the children. They say it is the good woman that keeps the home.
1485  Alternate cryptocurrencies / Altcoin Discussion / Re: Market warms up, what altcoins can help me rich? on: November 03, 2023, 08:32:29 PM

Take for instance someone bought before 2021 bull run at about 20k and the bull run took us to about 69k, assuming the person took profit at 60 range and wait to re-enter the market this year at 15k, don't you think the person will be on profit more than the person that bought 20k, allowed it to fall back to 15k because they wanted 2 times bull run.

I like this analysis of taking profit and I think that is the best way to take turns in picking out returns or ROI rather than hodling for two different halving bull run and only taking out one single profit for the two bull run. People only want to brag of halving some coins in their custody while others are smarter than that, they take profit at resistance levels and wait for the support level to enter after retest. Except someone is scared not to misuse his coins by converting and spending it then they may be justified to continue hodling or they are only hedging against the inflation from their fiat currency but a real investor goes for long term and short term returns.
1486  Economy / Economics / Re: Is academic pursues enough to get incomes? on: November 03, 2023, 07:05:43 PM

Most people who go for more degrees believe they can get better job at the end of the day. People that only go for more degrees in a stare with high unemployment rate are they doing right thing by putting all their focus on academic because this is the only thing they can do best.

This use to be the way and pattern for wealth in the past but I don't think that how many degree that you have now can be the prima facie factor to riches,.Degree is good because it gives you an advantage to access better profiting measures that can help you climb but really you don't need a job with WHO or UN to be rich.

With the advent of social media and internet, many influencers have broken some many financial records. You need a degree but that is not what you need to financial glory. You need the right contacts and placement to be able to attract that spike to financial status. Living ready is the ultimate.
1487  Local / Nigeria (Naija) / Re: Best way to invest in Bitcoin on: November 03, 2023, 05:02:27 PM
to invest the amount you are comfortable losing.as Bitcoin price go up and down this season by hundred of dollars.
Well, I think at some point,  bitcoin investment shouldn't be referred to as an investment in which you only put up what you can afford to lose,  that statement is now outdated because in investing in Bitcoin you don't lose your money,  and if you hold 0.2BTC,  the value remains same at all time unless you exchange it to fiat only then bitcoin value will be calculated based on the DCA value.

So I think that the best way to go about this is to say,  invest an amount that you can put aside for a long time because you don't lose money while holding Bitcoin but you may lose time because there is no specific amount of waiting time when it comes to bitcoin investment,  you have to be ready to go in for long term base and not short term speculations.

People usually talk about how one can burrow to start a business and some Bitcoin speculators believe you shouldn't burrow to invest in Bitcoin. Now considering what you just said about how one won't lose their money in Bitcoin of course with the right knowledge and all, is it advisable to burrow money in order to invest in Bitcoin ?

When investing in Bitcoin, you may loose time due to the fact that you may not have the necessary income to invest at the particular moment. With the current situation in the country too, savings may be difficult, and we all know that the price of Bitcoin would according to experts, increase as the years go by. So,with all these factors would the best way of investing in Bitcoin to burrow or take private loans from whales ?

The reason that you get that kind of statement on not to borrow to invest is that when time reach to repay, e go become problem. But for me if somebody get means to repay even when him investment crash, I no see it as something wrong especially now wey bitcoin halving dey come and that one na sure investment then after the rise to the level you want then you cash out and repay. So e depend on the investment and means to pay back.

I no fit borrow to buy any altcoin though, only btc and na for only this season wey we dey expect bull run.
1488  Economy / Gambling discussion / Re: how to start betting on sports? on: November 03, 2023, 01:00:00 PM


do not reply with suggesting good platforms to bet on, I already know reputed platforms to bet.

You seem to know what you want but I will have to tell you as a reminder that sports betting is also like those other betting you mentioned but it is your preference to choose the sports probably because it is the most popular and you can see someone to teach you more or direct you properly.

In betting, the chances for you to turn in profit is limited, meaning it is not to be relied upon as a source of income. From the way you are expecting profit, don't always think profit is assured in sports betting, it still has element of luck on it so play reasonably and bet as you can afford to lose.

I recommend you read through this board to see more about what gamblers have written.
1489  Economy / Gambling discussion / Re: Stop the self entitlement claims on others gamblers winnings. on: November 03, 2023, 12:37:28 PM
This is an issue with the country's regulators. Why such a poor country as Nigeria has allowed betting to become so widespread and accessible even more than food is beyond me... If there are resources in Nigeria to build up such a large empire for betting, the government should also tax its profits and invest in oversight. Betting companies should be forced to give back to sports themselves  because in reality its the athletes that provide all the entertainment and content that  betting is built upon...

So if this is an issue of anything, it's an issue of corruption. The government is corrupt for letting megarocps take advantage of its people so freely without giving much if anything back. So I would never put the blame on the individual gambler.

Friend I think you are missing the point of op which is basically on entitlement mentality of other gamblers not satisfied of the freewill gift given by another gambler to them because he won his bet. I think he was happy winning his bet and out of his magnimity decided to give some part of his winning to them. So that is the point if discuss.

But talking about taxing of gambling houses, yes they are taxed like other companies in Nigeria but although I believe tax evasion is high in Nigeria because of corruption.
1490  Economy / Economics / Re: Are You Sticking to Your Plan or Has Life Made You Pause or Modify It? on: November 03, 2023, 11:04:52 AM
have unexpected events caused you to pause or modify your plan? Despite our best efforts there are instances where sticking rigorously to a plan becomes challenging due to the unpredictable nature of life.

The unexpected event is the economic situation that harsh and biting on the pocket of the man on the street which has caused reduction in the standard of living and lifestyle. The economy has not improved over a long time instead it is dropping rapidly and people can no longer continue to maintain their lifestyle and they have to reduce their taste for life.

Inflation is high and that is causing the value of fiat to depreciate, so you can't use the money meant for the home for drink with friends and that area of socialization gradually feds away. It is unfortunate how things are changing rapidly for worse.
1491  Economy / Gambling discussion / Re: Stop the self entitlement claims on others gamblers winnings. on: November 03, 2023, 09:53:11 AM
This money was won by the gambler and not the punter. The expectations of the punter should be satisfying. It is the decision of the gambler to either appreciate the punter or not. The question is, was the pointer not paid to do her job? Am not really happy to hear some comment supporting that the gambler was greedy and he would have given the punter more money. Most gamblers wont have appreciated or anyone no matter the amount won, I considered that particular gambler a generous person regardless that they have tagged him to be ruthless.

I believe punter as means those who are also gamblers there. So as the story goes, those punters or gamblers that are aware he won some money not the gambling agent working there . So most times it is usually the tradition that winners try to give money to those other gamblers which could mean to encourage them to continue and that winning is real especially for new gamblers, such winning confirm to them that tomorrow they can also win.

So I believe you missed the point of the punters, they are the other gamblers around there or those that the money was given to.
1492  Economy / Gambling discussion / Re: Stop the self entitlement claims on others gamblers winnings. on: November 03, 2023, 06:56:02 AM
There is nothing much to this. It is a usual practice in offline gambling house that when a gambler wins some money, he usually give out some money to those around when he came to cash it out or send some money to people/friends who are aware of the winning but are not around. Sometimes he keeps giving that little money or reserving something for special and close friends who are not around then. So, it is a normal and usual practice and a gambler who wins reasonable money and didn't do that is regarded as stingy, wicked or bad because he most have also partake in someone else's winning. That money is usually regarded as money for drink, therefore it is not abnormal.

However, the amount to give is totally at the discretion of the gambler who won the money and it is left to the punters to evaluate what was given in discussions around them (just like this is happening now that people are evaluating it) because it is not by force abinitio.

What is also given depends on the numbers of people there and the kind of people there whether they are close pals or strangers because people have a way to give to people they know and have personal relationship with and how they give to strangers, so it all depends.

For the amount given on this matter which is 100k from 15million, for me I don't think it is too small. Moreover, that gambler will have other persons he will gift to before having some plans on the money. It is all to the discretion of the giver anyway.
1493  Other / Politics & Society / Re: Financial stability on: November 02, 2023, 11:44:15 PM
Money is good but it is the love of it that is condemned because love is strong and can make you take irrational decision, therefore if you love money that means you will do everything to have it.

But no doubt that money helps to make things which are suppose to be naturally difficult to be easy from family, to relationship, to helping others like the needy. Even in service to God, you need alot of money, evangelism need money and every other thing we can think of has element of money except we choose to play down on it. But we have to be careful not to allow money determine what we do or what decision we take.
1494  Other / Politics & Society / Re: Politics and interest on: November 02, 2023, 11:04:40 PM


Is it going to be possible that two nation will be engaging in war and other nations will come with the main aim of putting peace without indirectly inciting then from behind and fuelling the war just to claim supremacy?

Don't expect peace in war times until the trade have really gone far and exhausted.

War times are for trade, building of new aligns, support and other friendship. So there is no smoke without fire when Benjamin Netanyahu said he would not back down.



Has the UN be very neutral In the recent wars happening around the world?

But US is not neutral or quiet. Biden has pledge support for Israel times without number, only waiting for the east to show physical solidarity for Palestine.
1495  Economy / Economics / Re: You can't meet all your needs/desires at once, even if you spend all your salary on: November 02, 2023, 08:44:22 PM
The more you get the more you want. That's how most of thinks. The desire to have everything is infinite.  That's why we see, even the richest mans are fighting over billion of billion money. Although they have enough for his family to last for a lifetime, he wants more. It's a never ending cycle. To give you a example, let me tell you about the latest Iphone 15. The Iphone 14 and 15 are very similar, basically a clone. If I had Iphone 14, I won't buy 15. But still, many are upgrading from 14 to 15, even thought there aren't anything to upgrade. You knew that but still wanted that. That's how human mind works. Even if one had everything, it won't be enough.

I understand the example you gave using iphone 14 and 15 but that is still base on choice. Some people don't have money to eat but they like to use big phones so that is just preference. Like I saw on interview sometime last year Sadio Mane was seen with a cracked iphone around 2020 but that wasn't his priority but he was desiring to take care of his people, provide them with social amenities etc.

Well human have different things they desire and it will never stop to be that way, that is why the economic theory say human wants are insatiable but it is the means to get to such wants that are scarce and as a human, we keep striving to get them.
1496  Economy / Gambling discussion / Re: Nigerians spend $975m daily on online betting on: November 02, 2023, 07:50:47 PM
I strongly believe the figure is far much higher than this if online crypto betting is added because this betting statistics is from the online casino that accepts Naira only and Crypto betting is not included and if I am not mistaken, the online crypto betting statistics might be far higher than this statistics if the data is given. Nigerians are always looking for alternative means to survive the hardship in the country so if they resort to gambling as a source of income,I am not surprised because the economic situation of the country is not encouraging so one would need to improvise just to survive.

I agree with the statistics and your analysis but where I vary with your analysis is the online casino area. I don't think the number of Nigerians betting in online casinos and those using crypto is higher than offline bettors. Remember those who are betting offline are also likely to be same person betting through online casino games.

Moreover, the age range of bettors in Nigeria are mostly youths and they are more particular about soccer not even sports in general, so that already limit the numbers estimated bettors in online casino games.

However more seriously, the reason for this alarming number of gamblers and are mostly youths and mostly graduates is high level of unemployment. The nation is facing difficult times and the leaders don't allow election results to reflect the wish of the people but to rig themselves into office and the result is backwardness and no wonder brain drain continues in Nigeria and Africa.

It is unfortunate that people try to survive through gambling because there is no jobs or conducive business environment but there is no survival in what seem to be a lucky dip, it can only favour very few people and majority will end up being more poor.
1497  Economy / Speculation / Re: Is doubling your investment more probable than we think? on: November 02, 2023, 06:31:30 PM
we are all optimistic that the price of bitcoin will increase significantly in the next few years. and doubling our current investment is a good decision. but it should be noted that investing in bitcoin doesn't need to be rushed, everything needs a process. increasing investment slowly is more recommended, for example by using the DCA method. with this method we can invest our money in bitcoin in a more measured way and reduce the potential for losses that we might experience.

Dollar Cost Averaging doesn't mean you will not incur losses, it is just the gradual and periodic investment of coin or other commodities at regular or equal basis by which you can take stock of your investment, progress from time to time and it mitigate against volatility. However, it value can drop depending on what you invested on but the good thing is if you invest on bitcoin then with patience the value will rise again in the future. For example El Salvador that invested 3years ago, I believe they will have good value of their bitcoin by the time of bull next year.
1498  Local / Nigeria (Naija) / Re: The application of DIP and hodl in our local business. on: November 02, 2023, 03:19:55 PM
when we are adopting such with the way we run our normal business and local commodities now then nothing will comes out of it than loss.

If you are equating bitcoin hodling to other local goods, I think bitcoin dip is more profitable. The profit margin of bitcoin is not going to be the same with local goods because inflation will not affect bitcoin but when dealing with fiate, you are most likely to encounter reduced value in your purchasing power. Moreover, hodling bitcoin has a long time benefit.

Well more seriously about the local product dip that op raised, I think economically it is not helping the system. Price control board should be rejuvenated to put some action in mitigating on price increase in off and on season because you see that causing hyperinflation in the economy after every year. Government also need to do something to create preservative mechanism so that even perishable goods can be helped to sustain to atleast 6 months after an on season. I believe this is why food is not a major need in foreign country because they are preserved either by blending and packaging.
1499  Economy / Speculation / Re: BTC Sentiment Poll for November on: November 02, 2023, 02:32:50 PM
It is looking obvious that the bull will continue and strongly too. I'm tempted to look at the range of $40k resistance and this because most people fear that inflation may keep raising as the war between Israel and Palestine still going on, people will want to continue hedging with bitcoin and that will keep price action on the bull. Moreover, the year is ending and the halving getting closer while more investors keep DCA.
1500  Economy / Gambling discussion / Re: Do you use multiple platforms for betting? on: November 02, 2023, 01:16:55 PM
I think the reason that some gamblers go for multiple betting platforms is to see the one that gives them better service and again odd, bonus or freebets. Sometimes if you look at the odds difference really you will see they are very insignificant except you are a huge bettor, then you want to take the advantage of the best odds.

If you are busy outside gambling, at a point you will settle for one because it takes a lot of time trying to move into a particular platform and out of another before you bet on your game and that consumes your time and also confuses you sometimes jumping from checking your bankroll to other exigencies.

I have also heard of some bettors attaching some spiritual connection as a reason why they sign up to multiple platforms, they choose a platform saying they get winning from it more than the other and so they retain it even if the odd is smaller.
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