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1541  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: October 18, 2023, 08:23:16 PM
I was recounting Manchester United chances of qualifying from the group stage in this season's champions League and honestly the chances of Manchester United is very slim. I do not really understand what is wrong with Manchester United and what really happened to them. Honestly, Manchester United showed strength and commitment in the match against Bayern Munich much they didn't do their best in the match against Galatasary.

It is likely that Manchester United will go empty handed this season. This is because they will go to the Europa League and in the Europa League, there is Liverpool already there waiting to be the champions.
You are correct Manchester united has started this year's UEFA champions league very badly. Losing to Bayern Munich and Galatasaray, this was a group that should have ended with Bayern Munich and Manchester united qualifying but right now Galatasaray has a better chance than them although it's too early to judge, they now have to seriously face their upcoming games and hope they win all then they would have a great chance .

Many say Man United's chances of qualifying for the next stage are small, it is true that they may see this because Man United suffered two defeats to Bayern Munich and Galatasaray. However, you need to know that the defeat in these two matches was due to Man United's defense being very weak because several of their defensive players were injured. Not an excuse but it's really unfair, Man United's defense is so bad, Onana can't be everywhere at once. Yes, it's completely his fault, but overall he's pretty good, but even a good goalkeeper can't do much with a defense like this.

In the next match, Man United will definitely be aiming for their first win. Three winning points are very important for Man United, to maintain their hopes of qualifying for the knockout phase and of course increase the team's confidence. For me, no matter how bad a big team is, they can definitely come back. If they win, I'm sure Man United can still advance to the next round even though they started Group A badly.
I can't say that Manchester City will win their third match in the champions league, as they have started very poor and I haven't seen any improvement from them. I don't have any hope that Manchester United will be able to go far this season in any competition that they play because the team is still having problem with their defense and when you don't have a good defense, that team is doom.

If it possible for them to win their third match, it might still not change anything because if peradventure they win, they might not be able to win the knockout stage only if it will be a miracle but I don't see it happening because the chances are very slim. Manchester United needs to be in a good form before their performance can be consistent
1542  Local / Nigeria (Naija) / Re: Fall in Naira and crypto growth in Nigeria on: October 18, 2023, 08:02:25 PM
Cryptocurrency adoption in our country has been increasing over the years due to our unemployment rate and inflation rate. I believe currently holders of coins before Tinubu's rule has experienced a great deal of profit with Naira falling in relation to Dollar.
I know that one's opportunity can be another's threat. Is the continuous fall beneficial to crypto traders or its just a trap?
Personally what are your thoughts on this?
Does the benefit from the market compensate for the cost of living?
From what I observed in bitcoin and the people that I know are into bitcoin, are investing in bitcoin to make profit, because most of them believe that bitcoin investment is something that will change their lives after they sell in the bull run. Profit is the first thing in their mind, this is why you see that even the ones that don't know about trading will want to trade. They go extra miles to learn trading by all means so that they can make profit from the fluctuation of the price.

Secondly, is depreciation of Naira, though I have seen people who prefer to keep dollar than bitcoin because they don't have trust for bitcoin yet and all the time, they exchange their dollar to Naira when they want to spend. Unemployment has made Nigerian youths to be ready to do something that will make them be dependent on themselves to safeguard their future, and most of these youths who has the knowledge of bitcoin are buying and hodling with the little money that have to invest for the future.
1543  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: October 18, 2023, 03:59:12 PM
I think Real Sociedad's chances of winning this match are very big, especially since they are playing at home, and currently Real Sociedad's performance is very good and now Real Sociedad is in 6th place in the La Liga standings.
And Mallorca is a team that is clearly below Real Sociedad in terms of quality, so far Mallorca have only been able to win once in the 9 matches they have played.
So I have no doubts about Real Sociedad's victory in this match and I even predict that this will be an easy win for Real Sociedad.
It might be quite easy to win for Real Sociedad, but it might only be a very small score because of the results of the meetings between these two teams in several matches that have passed in previous seasons. Real Sociedad very rarely wins by a lot of scores against Mallorca and could even possibly draw if Mallorca is able to create a better game at home to Real Sociedad. However, I still have more confidence in Real Sociedad's performance in that match because Real Sociedad will not let Mallorca win or draw at the Reale Arena.

The small score is okay, the most important thing is that Real Sociedad gets all three points in the game. Real Sociedad has the upper hand of winning Mallorca because they are stronger than Mallorca and they will also the playing at home, which is an additional advantage for them.

Mallorca might try their best from stopping Real Sociedad from gaining all three point by drawing the match, and this is if Real Sociedad underestimate Mallorca, it might even become a win for Mallorca. I don't think is will be that easy for Mallorca to win but it is possible for a draw. I will place my bet on Real Sociedad because they are the strongest in this match.
1544  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 18, 2023, 11:19:31 AM

The strategy that I am describing is pretty damned close to DCA, especially since I was doing it on a weekly basis.  Let's say, for example, I had a budget to buy bitcoin of $100 per week, and it was for 26 weeks (which would be $2,600 for 6 months).  And if the beginning of the week is Monday and the end of the week is Sunday, maybe I might identify a couple of the dips through the week or maybe I would be waiting for dips that did not end up happening, so by the end of the week (Sunday) I would use either the whole $100 or whatever parts were left to buy at that time.. of course, the beginning of the week could be chosen as any day.  and each week there was a new $100 authorized, and let's say that  I felt that I did not have time to watch the market, so maybe I would just buy or maybe the price opens at $28,500, and I would set my buy order at $27,820, and if the order did not fill by Saturday, then I would just market buy or maybe set the buy order within $50 of the current price so that I have more confidence that it is going to fill before the end of the week.

Ohh, now I see your point, the strategy you employed is actually DCA, the only difference is the fact that you wait for the dip before accumulating more, its not a bad one but its time consuming as it requires constant watching of the market, so assuming your targeted price is not meet for the week, do you add the amount to that of next week or you'll abandon that weeks accumulation?.
Reason I asked that question I believe there are times where the market just goes sideways without adding or removing any large significant amount to the market for up to  a week, and in such cases I don't think your strategy would be able to accumulate for that week. I am a very busy person, not sure if I would be able to adopt the system, but I'll love to make a trial for a month and see how it goes, but my modified strategy would be, if my buy target wasn't meet for the week, at the end of that week I'll just buy irrespective of the price, so I will not be tempted to skip accumulation for that week.
You might be right, but seriously, I don't think that waiting for the dip is a good idea. Why? Because it might be that while you are waiting for Bitcoin to dip, it must have been on peak mode, so it is good that when you have the money you should not hesitate to tap the buy button. If an investor is using the DCA method to accumulate Bitcoin, he/she shouldn't wait for the dip, it is just for the person to take advantage of every little opportunity that Bitcoin has provided. That's all.

Sometimes, I do believe that it is only Bitcoin traders that have the time and the whole day to keep on watching the price chart of Bitcoin so that they will know when to buy and when to sell, but for investment, I don't think it's a good idea for an investor to be watching at the price of Bitcoin without buying just because he/she is waiting for the dip.

With the help of the DCA method, I believe that 1btc is still 1btc, so if you are waiting for the dip to dip or get dipper, I think you are wasting time. It is just a waste of time. Buying when you have the money is a good one than waiting for the dip.
You are not getting what JJG said, let me explain to you from what I understand about the strategy that JJG said is similar to DCA. You must not wait for the dip, by sitting down and relaxing. What is said is that since you have set an amount for weekly regular DCA which is $100. You will always buy every week with $100, but if it happens that you are expecting a dip during the week, you can relax and keep on observing the market to see if the dip will come.

Just like JJG said that, if you make an order to DCA $100 weekly, and bitcoin price is at $28500, you can wait till the last day of the week before buying. So that if bitcoin price did not dip below $28500 on the last day, you can simple use all your $100 to buy for that week and expect the dip the next week. OR because you feel that the dip will come but still not around,you can limit the $100 DCA to $50 and buy bitcoin on the last day of the week so that you can carry over the balance of $50 to the next week, when the dip might come so that you can now add the $50 left to the new week DCA budget to make it $150.

This shows that if the dip comes during the next week, you will buy more bitcoin with $150 than when you would have bought with only $100. On the other hand, because you are using this pattern to accumulate, when the dip comes because you know that, your DCA weekly funds is $100, during the dip, you can take advantage of the market and use like $500 to buy at once. Note that the $500 that you used to buy is not for just five weeks budget, but you are buying with $100 from the week budget which you are on, let me say today for instance is my buying day and I have assigned $100 for this week. I will now take $50 each from 8 weeks ahead which becomes $400 +$100 for this week.

I am to DCA with $500 this week because bitcoin price is at dip, and when the price increases again, I can now continue to DCA with the remaining $50 left from the 8 weeks which I took from, for another 8 weeks. It is still like DCA because, you are buying every week but with different amount sometimes, due to planing for the dip and to take advantage of the dip.

JJG, I love this strategy but I have never taught of it, the only time that I thought of something like this, was when bitcoin price was 25k+, that I met my boss to me 20% of my salary for three months in advance to enable me buy at that price 25k+, which he did. I am now using half of the money that I am suppose to use for weekly DCA to accumulate now because, I need to keep on accumulating and I have used some part of my DCA funds to buy then when the price was 25k+. This strategy wouldn't be good for beginners who just started because it might be hard to practice, compare to the regular DCA pattern that a specific amount is used always disregard of bitcoin price.
1545  Local / Nigeria (Naija) / Re: Will Nigerians Marketers Accept Bitcoin if Legalized on: October 17, 2023, 10:17:21 PM
OP, you should be specific with the kind of marketers that you are referring to, because if it is this petty traders that the total goods in their shop is around 5k-15k, I don't think that it will be wise for them to accept bitcoin because of the stress that they will pass through using it to refill their goods.

This is because most of them buy their stuffs from the bush and also from illetrate like them that only believes in fiat. So such marketers will still be collecting fiat, even though bitcoin is legalized. Imagine that you want to buy Maggi or pepper or something of 500 naira and you want to use bitcoin, it is very funny.

On the other hand if you are talking about big traders that has goods from 30k up, which are not petty traders, they will accept bitcoin with time,when they see that bitcoin is gaining ground in the country and people are saying all sorts of benefits in using bitcoin.

Especially those marketers that deal on foreign goods, they will gladly embrace bitcoin because it has save them the stress of using a third party for payment and they can send bitcoin at their own convenience. So it all depends on the kind of marketers that we are talking about.
1546  Economy / Gambling discussion / Re: UEFA Europa League 2023/24 Season on: October 17, 2023, 05:25:23 PM
Honestly my biggest favourite for the Europa League title is Liverpool. They really care about this tournament on one hand. Because basically they are prioritizing the English Premier League. As they aren't a part of the Champions League also it might be hard to predict what they can do before watching them in the Europa League.

However I'm contented with what I have seen until now. Klopp is just focusing on resting his main players as much as possible by subbing them off early or subbing them in a little late in the game but this still doesn't affect their result badly.

After Liverpool I can show Roma and Leverkusen as the other strong title contenders. I'd put Roma ahead of Leverkusen despite Xabi Alonso's great work. This is because of Roma's performance with Mourinho in the European competitions in the last 2 years.  Smiley

Well, roma needs to fix its shitty performance before try to nominate itself as a strong contender to win europa league trophy for this season. Its performance in the serie a looks so garbage. I can't even describe how bad roma is right now.
The club was only able winning against weak clup and this is not something special for me to see that. Roma is not that strong when it will be facing strong team.
Roma placed in the easy group of europa league. No doubt if mourinho's club will able to pass it easily without any problem.

Im waiting for roma to do even better in the serie a. Im not even willing to count on this club when roma is still showing inconsistent performance in any match.
It does win all of group stage in europa league but it was only against weak clubs. Nothing special.

I know how disappointing it can be when one see the poor performance that Roma started with this season. At least they have won three consecutive games now and it has brought hope back to the club. Who knows if they have come back to start winning games like last season.

Roma will go far in Europa Cup if they can work on their performance to make them active in scoring and winning games. Mourinho is some how depreciating in his coaching skills from the look of things and I don't know if the failure is from the players or from him. Let's hope to see good results from Roma in their next matches.
1547  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: October 17, 2023, 05:13:51 PM
Player who injured is definitely will affect the result since the substitute player isn't as good as the main line up, I only talk about the skill while chemistry, strategy etc also give a big effect to other players. Not many teams have a balance main line up and substitute player, I think only Brighton have this, whoever who play, the result will not be different.
Let's see how Brighton faces Manchester City this week at the Etihad Stadium, because currently Manchester City's appearance is starting to look different even though it is still strong enough to win. But if Brighton can beat Manchester City at the Etihad Stadium, this will actually be extraordinary for Brighton because it will continue to create increasingly exciting competition in the Premier League standings table. However, I am also still not sure about Brighton in terms of beating Manchester City at the Etihad Stadium.
With Manchester City having lost their last two English Premier League matches, many are worried about what they will do against Brighton. 
Brighton are one of the strongest teams in the Premier League but they don't seem to be able to do well against Manchester City in this match. Manchester City are already under a lot of pressure after dropping points in the last two matches so the match against Brighton is very important for them and they will never want to drop points in this match. Another positive for Manchester City is that this match will be played at the Etihad Stadium where Manchester City are favorites against any team. Brighton can lose against Manchester City by a big margin in this match.
That will be a crucial match for Man City post the international break. As fans, we're hoping for a victory. Playing at the Etihad Stadium, Man City should be the favorites and should secure a comfortable win. Anyway good news is that some injured players are expected to be back, giving Pep with an opportunity to choose the best lineup. Brighton is a strong team with the potential to beat anyone. Summing up Man City's recent losses in the English Premier League, they'll likely be highly motivated to get all three points in their home game against Brighton.

Manchester City is still the best in England and I don't that because they were unable to win their last two matches will make it difficult for them to win Brighton. Brighton might be very strong this season but not when they will be facing the defending champion of the league. Manchester City will humble them in that match.

Brighton has surprised people this season with their superb performance and I know that they will also display such performance against Manchester City. If Manchester City relent in pressuring Brighton and take advantage of the game, it is possible that Brighton might become difficult for Manchester City to win.
1548  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: October 17, 2023, 02:18:40 PM
Absolutely, Bitcoin knowledge is not complete without investing in Bitcoin.

Learning about bitcoin alone is already an investment because we don't do it for free. Those times we sacrifice, which could have been used for other things, were invested in learning about bitcoin, which I don't see as a wasted resource. I consider that time as something that was put to good use and could also be considered an investment.
 
If I don't have money to invest in bitcoin yet, that doesn't make my knowledge a waste. I can still continue to learn more about the currency until I can raise money to start my holding journey, but with the things that I'm able to learn about it, I can still use that knowledge to earn bitcoin without physically investing money in it, which is also one way that the information gotten from bitcoin can be put to good use. There are a lot of ways to actually earn bitcoin; all one needs is to have the knowledge, which is a good starting point, and capital to buy and start holding, which is what follows.

I disagree with you on this oprichuckwu that the knowledge you are gaining is an investment. Investment means when you put money (capital) with the hope to get profit OR you put in money so that the money can increase over time. There is no way you can go to the supermarket and say that because you understand accounting, that you will be given whatever that you want for free. Without money one cannot invest.

Bitcoin is an investment that you don't need too much before you can invest into it. You can even start with as low as $5 to invest, and what I know is that you don't need to know so much about bitcoin before investing. There are such knowledge that are better learnt through experience and not theory, because nobody will teach you how to control your emotions on bitcoin price movement.  If you believe in bitcoin and you have the basic knowledge of bitcoin, then I don't see what will deprive you from investing with very small amount in what you believe that has the possibility giving you a retirement funds in future.

It is people that don't have the insight of  what Bitcoin will be in future that wouldn't take the advantage to start investing in bitcoin early and they are waiting till they have so much on them before they can buy bitcoin or till when they have understand everything about bitcoin before investing. It is better to invest right away and learn the rest aspect of bitcoin during your accumulating period. DCA strategy is well known as the most efficient method one can use to increase his bitcoin bit by bit.

When you only know the theorical aspect alone, you wouldn't see the challenges and risk in bitcoin investment as a hodler. It is just like someone that says he can drive a car because he knows the theory but hasn't put it into practice, and says he is a good driver. There are some knowledge that a newbie who bought bitcoin will have, and someone that has all the theory knowledge will never have
1549  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 16, 2023, 07:52:54 PM
Bitcoin traders will end up making less or no profit, or run at loss.  
There is no single approach to wealth, so I will not agree with you that Bitcoin traders will make less profit or run at loss. Trading under any guise can be very profitable when the skill is mastered and the right approach followed. I have seen some millionaires traders who made fortune trading the forex market as well as Bitcoin through futures trading that is common in many exchanges. Some of them even have a very large quantity of Bitcoin they are holding for the future and that money was made from trading. So, they make profit from trading, use same to buy Bitcoin to save for the future. I'm not making assumptions, I know many of those guys down to their houses.
 
I don't see trading as a means to get wealthy because traders are only after peanut that they will make within a short period of time and that wouldn't add any much increase to their bitcoin portfolio. I haven't seen a wealthy man who became rich overnight. A wealthy man will take out time to nurse, monitor and grow his investment for a long time before he will become wealthy because he knows that it is too early to take profit.

So I don't see how trading can help one increase his bitcoin portfolio in the long run than someone who is using only DCA strategy to increase his bitcoin investment portfolio. Well it is one choice to do whatever he likes with his bitcoin but it will be not be a wise decision to advise anyone to increase his bitcoin portfolio through trading. You should also note that a trader is not an investor, because he believes in quick profit and this an unhealthy strategy towards investing.

A professional trader can run at big loss in just one trade, but a newbie, who is into bitcoin investment that understand how to buy bitcoin and hodli with his regular DCA will never run at loss, if he intends to hodli for 4-10yrs timeline.
1550  Economy / Gambling discussion / Re: Gambler avoiding friends after a big win. on: October 16, 2023, 07:25:25 PM
At one of the local gambling shop I visited during the weekend I happened to listen to a conversation between two bald looking gamblers at the shop talking about one of their gambling colleague who had won a big amount of money amounting to a million in the local currency and due to that win this colleague of theirs' has been avoiding them since e won that money. From their conversation it was obvious that they were a circle of close three friends that gamble together.

After all I finished with my bet headed home and was asking myself what could the colleague act that way avoiding his close friends they all gambling together and just because luck shines on him first he decides to create a distance and class. I couldn't actually annex a good reason why anyone should do that.

I can think of only 3 reasons why that colleague would behave in this way.

1. He wants to stay low because he doesn't want many people to know about his winning. We know that lots of money brings unwanted attention and may be that's why he is keeping distance from everyone until he figures out what to do with this money.

2. He would be thinking that his colleagues would ask him for money and he doesn't want to give them any.

3. He might be busy enjoying his reward elsewhere.

 Funny enough, I see some reasons in your line of thought. But if it was his friend that won that money and not him, i believe he would be complaining of the Same thing if his friend is giving him this same attitude he currently dishing out. Money some times brings out some hidden characters in people, and the guy has shown to be that kind of person to his friends. There is nothing wrong in giving his friends some amount of money to share within themselves, at least to cheer them up for their friendship over the years, doing that wouldn't make him go broke.
Staying away from his friends, wouldn't increase the money, if he doesn't invest it, the money will still finish and when it finishes will he still be able to see those his abandoned friends as people that he can mingle with again..No.

Sometimes I wonder why some people allow money to control their thinking. Who knows if tomorrow one of those his friends will win a bigger amount of money than what he won, and would also treat him the way he treated them. I don't see any reason why we are to stay far from our friends when we are somebody but embrace them when we are nobody.
1551  Economy / Gambling discussion / Re: Which games offer the best chance of a big win? on: October 16, 2023, 05:18:10 PM
OP, all games can give you big wins, if that day is your lucky day and it also depends on the how that you are using on your bet. Gambling is based more of luck and that is why I feel that we are different and at the same time we have our interest on different games. The game that you love playing, might not be the one I love and that doesn't mean that you wouldn't have a big win and yours and same with me.

Most of us time win little amount of money is because of the amount that we use on betting, ,if you use a big amount, you will win big. I love sportbet and I have seen a lot of people who have won big in sportbet and also other games that you mentioned. Although the possibility of winning big on games that mostly depend on luck like slots is lesser compared to skill games.
1552  Local / Nigeria (Naija) / Nigerian gov supports AI initiatives with $290K in grants on: October 16, 2023, 03:32:02 PM
I say make I bring una with this ogbonge news from ou government wey talk say them don introduce Artificial Intelligent research scheme to help spread the use of AI to boost the our economy to the next level. This news na from the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, wey he talk on Friday, Oct.13. He say government don already set aside ($6,444) wey be 5 million naira to artificial intelligence (AI)-focused startups and researchers.

The area wey them dey focus on ma on Agriculture, education and workforce finance, governance, healthcare, utility and sustainability. For you to dey qualify fot this grant, you must form an association to engage in a joint venture of start up or tech company and a researcher from Nigeria university.

I say make i bring up this matter come our local board so that anybody wey dey this field or get person wey go dey interested to fit know. I still say make I ask from people to hear their opinion on how this scheme to fit take help our economy because the way our economy dey now we need programmes and schemes wey fo git help to revive our economy. We know say for out country it is easy said than done, all wetin Tinubu promise us na the opposit we dey see.

https://cointelegraph.com/news/nigerian-gov-supports-ai-initiatives-with-289-980-in-grants
1553  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 16, 2023, 01:56:53 PM
The idea of the DCA is very vital to every bitcoin traders as they can easily have full access to their money. Like for instance if an investor makes $2000 then he now invest like like $1200 to purchase bitcoin at the end of day he's still gonna have some amount of money left with him to sort out other needs that he might require so that it will not affect the amount they invested to purchase bitcoins
Bitcoin traders will end up making less or no profit, or run at loss. This is the reason why hodli is better than trading and while you are hodli, you should continue to increase your bitcoin portfolio using DCA strategy. Out od $2000, using $1200 for regular DCA is too much and it is a very aggressive way of DCA. It is better that you use an amount that wouldn't be a problem got you to use regularly, because if you DCA funds is bigger than your emergency funds and your basic needs funds, you might end up selling your bitcoin at the time that is not of your will due to some challenges that comes your way that must be taken care of. This will make you lose focus on accumulating more bitcoin to your portfolio and increasing your portfolio. This is why you need to set out plans on how much and how long you will need to DCA regularly that wouldn't affect you in the long run. Although our responsibilities are differ, and likewide out income but i think that your amount for DCA might end up landing you in some troubles along the line.


@Jay you have really impacted a lot of knowledge on me which has been helping me on my Bitcoin journey I could remember when I came here with a less knowledge about strategies of accumulation using DCA, with this tread I was able understand and add the knowledge I have gathered from here to my existing ones which has been very helpful.

Referring back to your comments, of course is very unwise to uses the money that's meant for other expenses to invest because he is likely going to get into trouble later on because when the need will arise he will be left with no option but to sell off the investment. Perhaps this could be referred as an ignorant investor whom sees a possibility of getting into trouble if taking a certain decision but still went ahead.
I don't think that there is any investor, who plan on holding for a very long maybe maybe from 4-10 years and above that will go ahead to take decisions that he knows will get him into trouble and will addect hos plan to continue with his bitcoin accumulation through DCAing, because he has a target and believes to increase his bitcoin portfolio. It is only traders that can take such decisions because they love gambling with their bitcoin to see if they can outsmart the market and they end up in regretting their actions, because they wanted to play smart.

2: is the short-term market speculation approach,  this mostly has to do with the use of the DCA tool to take advantage of the Bitcoin market conditions and the many advantages of the volatility innthe Bitcoin market.
I don't think that I understood what you are saying, but one thing that I know is that someone using DCA to accumulate to increase his bitcoin portfolio will don't need to bother himself on short-term speculations approach but to continue with his DCAing strategy, to avoid distractions. The fact is that DCA is the only way out for people like us with low income and believe in bitcoin that it will safeguard our funds in 10yrs time.
1554  Economy / Reputation / Re: My 100 days on Bitcointalk on: October 15, 2023, 08:37:09 PM
Congratulations on your 100 days in this forum, which I know that you must have been recognized by a lot of members here due to your activeness in the forum, and you have also created room to hear people's experience in the forum from your various thread, just like these topics that you posted above.

The forum must be very happy to have such scholars like you in our midst, to add more value to the forum in your own way. I believe that someday, I will also celebrate my 100 days in the forum but I don't know how long it will take me.
Keep it up.
1555  Local / Nigeria (Naija) / Re: Christmas will be boring, if this bear market reach December 25th. on: October 15, 2023, 07:31:33 PM
Nobody can predict what the price of bitcoin will be by December, it maybe higher than this or lower. I don't know why you said if the price of bitcoin remains between 25k-27k range that Christmas wouldn't be fun. By now we should all know that it is after the halving that we can see a good price from bitcoin, and that is why every investors shouldn't rely on short term investment because the price of bitcoin can disappoint you.

Moreover, we are to have cash reserve for our needs so that we don't end up selling our bitcoin when it is not at your will. I don't actually pay attention on the price of bitcoin because I am still hodling and accumulating till the next bull run. Na just the hardship for the country go worry the poor people. It is not even wise to sell your bitcoin during December, if the price reaches 30k because bitcoin price will reach 3x this price during the bull run.

So whichever means that you can survive with is what you should do because if you can survive without selling your coins because the price is low, you can also use that same means to survive when the price reaches 30k, because there is a better profit upfront.
1556  Economy / Gambling discussion / Re: The Drake's Curse. on: October 15, 2023, 05:03:47 PM
Drake is a gambler that gambles with huge amount of money and not only on fights but he also gamble on stake with big funds. To him that is peanut compared to what he has, because he has an investment that pays him. So there is no need for us to worry about someone who has taken gambling as a means of spending his funds.

As for me, that is a huge amount of money down here in my country and I wouldn't work anymore for rest of my life because of the country that I am from, and that will be enough for me till when I will go and see my ancestors. This is the same with some of us but check out that Nigga, just gambled with it as if it is nothing. It is nothing to him but something very big to the public.
1557  Economy / Gambling discussion / Re: Gambling and it effects on: October 14, 2023, 07:34:50 PM
Fast forward to yesterday when I go into a betting shop to see someone, I was shock to see some of my guys in the neighborhood which I knew they where doing well, now looking wreshed an tattered.

One one thing I have noticed about gambling is that before you win a thousand box, they might have milk you of more than that.
[I just want to use this medium to appeal to the younger generation, please stay off gambling, if you must do so, gamble responsible, don't take it as your only source of living so it wouldn't milk you dry.
Don't take it as a source of income at all, discard the thought of it being a source of income cause it's not. The thought of it being anything near a source of income is what feeds the drive to source out money from it for our maintainance. You can hardly find a fault of addiction in the life of a person that discards the mentality of gambling been a source of income, the reason is that for these sets of gamblers whether they get a win or not they're cool with it to try again another day but contrary to gamblers that takes gambling as income source they are known for loss chasing which can cause addiction. So they don't mind looking tattered and unkept just to use their last cash to gamble for the day.
Those that take gambling as a means of income will not even notice that they are looking tattered because, they are carried away by their emotions and they are always chasing their loss because they think that, it is through gambling that they will make it in life.

This is the mistake that people who are starting gambling for the first time put in their mind, to make profit and they would not know that they are walking on the road to addiction. Gambling is a means of entertainment and when you see it from this point of view, you will hardly come up with decisions and actions that can make you become and addict, because you will gamble responsible and enjoy the fun in gambling.
1558  Local / Nigeria (Naija) / Re: Crypto scammer caught and arraigned by EFCC. on: October 13, 2023, 08:32:47 PM
Na all these kind scammers dey make newbies or their victims think say bitcoin na scam because, na scammers na e first tell them about cryptocurrency. This na e make we no need to involve ourselves on anybody wey dey introduce any online business say he dey give high return between a short period of time. Anything wey make you see such people, you need to think twice and know say if na true say something dey like that why this person in question never use am make money wey be say na you, he come dey introduce am to.

I meet one guy like that for my area wey been won scam me, wetin he do na to introduce me to the platform say I learn so many things and I go write exam, if I pass them go five me job wey the company go pay me in cryptocurrency. When I look the guy, for my presence he call another person dey tell am to send am recharge card to use subscribe and say the person no pay finish na e make, the person name no come out. Na there I just know say this one na scam and na because I tell am say I dey into crypto na e make am begin talk all those story.

If na p2p trade you won trade, make you no release your coins until you don check your bank account and you see say the money don enter
1559  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: October 13, 2023, 04:04:02 PM
This is what happens when one is addicted to gambling, you will want to gamble all the time because you are being controlled by your emotion to chase your losses, irrespective of where you are, either at work or wherever. This is a serious case because your attention will be diverted from carrying out your job effectively.

I have not experience such but I have a colleague who is a core gambler and when he comes to work, you will see him not settled and every time he comes to work, he is always complaining of one problem or the other to enable him get funds from people at our work place so that he can sneak to gamble with the money. The worst thing is that he keeps on borrowing money from almost everybody in the office and before you know it, he has accumulated debts that is more than his salary.

During payday, he ends up going home with nothing because everybody that borrowed him money will line up to get their funds back from him. I do pity for him, sometimes the moment payment is done he collects part of his salary in advance just to meet up with his gambling activities. His gambling activities started frustrating him to the extend that he can no longer pay people that he borrows money for,this made our Boss to take him for counseling.

There was a time that office funds kept in his custody was used to gamble and this almost led to his sack. I am happy that he has overcome his addiction now and he gambles responsible.
1560  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 13, 2023, 03:33:19 PM
These practices are a bit illegal, but I wonder, those traders who knew about it, how were they still there?

Did SBF really use FTX traders’ Bitcoin to keep BTC price under $20K?


Quote
FTX testimony reveals mass BTC selling

As the trial of former FTX CEO Sam “SBF” Bankman-Fried continues, new testimony paints a picture of potential market manipulation.

This week, Caroline Ellison, former CEO of affiliated firm Alameda Research, reportedly told the court that Bankman-Fried asked her to sell BTC should its spot price breach $20,000. This was done using FTX customer funds, which neither had the right to deploy.


Quote
Among those was the then-popular Stock-to-Flow (S2F) Bitcoin price model, the creator of which — the pseudonymous entity known as PlanB — gave a BTC price target of up to $288,000 during the current halving cycle.

The “worst case scenario,” he continued, was $135,000 by December 2021.





Original Source:https://cointelegraph.com/news/sbf-ftx-bitcoin-keep-btc-price-under-20k

This was something that could not be seen as a reality, I think that these things are what should not be done in exchanges because they are bad practices, because if I see a BTC less than $20k, it is bought anyway.

That's like placing a BTC order in less money, you don't know when something crazy like that will happen.

If SBF girlfriend is not lying to save her head and for people not to see her as a bad actor, then I think that SBF made the wrong decision and that has led to the crash of FTX because he can never keep bitcoin price below 20k.

Exchanges are out for profit and it will be impossible for this to happen since he doesn't doesn't have enough bitcoin that he can sell below 20k to manipulate the price, and he is not the owner of all the bitcoin in his exchange. I still see SBF as a small boy who doesn't know how bitcoin price moves and that is why he came up with this childish idea, which has kept him  in this shit because of mismanagement of customers funds.
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