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1541  Economy / Economics / Re: Crypto investment vs real estate investment : Which one more dependable? on: December 30, 2023, 12:14:58 PM
Which one should I go for with a capital less than $2500?
But what can you even do in real estate with just $2,500? If that’s the capital then I’d say you rather invest it in cryptocurrency (the right cryptocurrencies so you don’t end up not having nothing). Real estate investment is really a good business that even I want to venture into someday. But unfortunately, it requires enough money and I’ve noticed that people who often invest in real estate are people who have businesses that they can take money from. Even with less than $2,500, you can DCA crypto investment but you can’t do the same for real estate.

My sincere opinion will be real estate investment, over crypto investment, although they both have their advantages and disadvantages, but if an investor has a lot of money, then real estate, has an edge. Real estate, most times requires a lot of money to enter, and if the investor is able to get it in a strategic location, then they can watch it keep appreciating in value, there's hardly any decline in value, you just relax until you decide when to sale. Meanwhile, you don't need to be rich to start crypto investment, you can start with the amount that you have and gradually accumulate and hold until it grows to a large investment. Cryptocurrency prices can pump and dump, you'd need to be checking up on the market trends. A reputable cryptocurrency like Bitcoin, can assure it's investors of massive ROI in the long run.

With the OP capital, I think that it's best that he invests it in Bitcoin that will guarantee profits on the long run, because his capital might not get him a real estate investment where he can be sure of rapid increase in value.
1542  Economy / Gambling discussion / Re: Not everyone deserves to hear of your winning in gambling. on: December 30, 2023, 11:14:56 AM
I totally agree that it's not everybody that deserves to hear about your big win in gambling, whether it's a fellow gambler or any other person. We live in a wicked world and you don't know if the person that you're sharing your success story with is happy for you, some might be happy while others can become envious of you, to the extent that they'll plot your downfall. Again when you anounce your big win, some family and friends will think that it's a free money and they're entitled to a share of it, they'll be coming to ask you for unnecessary financial helps or borrowing. These set of people will not stop until their sure that the won money is finished and you're back at their level. It's good to share your success story, but be very sure that you know the true character of people that you tell about your finance, so you won't regret your sincere action.
1543  Economy / Trading Discussion / Re: Master the Art of Crypto Trading with These 5 Simple Tips on: December 30, 2023, 10:28:44 AM
Jesus Christ I was at least expecting something new. Sorry but Master Trading or whatever is not attainable from tips lol.

It's less to do with common sense basic rules of trading which is what you're saying OP. Master trading actually means hard work, discipline and skill at analysis without bias.

Here's a Master Tip from me on how to be a regular trader. Don't waste time reading tips, put in the hard work.

I quite disagree with you that tips are a waste of time, because without it your hard work can not be fruitful, it'll be like working hard with no directions. Tips are pointers that guides you in the areas to concentrate on working hard, otherwise the hard work might end up being labor in vain. Because of the many uncertainties that sorounds cryptocurrency trading it's important to learn the basic skills that'll be helpful guides so that the trader can minimize loses, so after understanding the fundermental and technical analysis, a trader needs helpful tips like the ones that OP shared to maximize profits in trading.
1544  Other / Politics & Society / Re: The personality that promotes the humanity needed in our society. on: December 30, 2023, 08:02:17 AM
Who cares? Nobody, until you do. So if you expect to make a change in society then it should start with yourself and be a good example of how to be a person with humanity. But being a good human is considered as a lame personality in this society that shows how cruel this world is and that bring the behaviour of actual animal that we have to do anything to anybody to survive.

It's very correct that change starts with us, therefore we should endeavor to be the change the we want to see, it has to start with every individual, let your positive attitude affect the people around you and gradually they will emulate the good virtues and spread them with love to impact humanity. Being human and having the passion to see a better humanity has to start with you and your immediate community and spread it to the larger societies, never expect it to start from the leaders because some of them don't care about the ordinary people, they just give fake promises to them and enrich themselves without a care.
1545  Other / Beginners & Help / Re: Unless the prime suspect is caught, everyone is a suspect. on: December 30, 2023, 07:21:01 AM

I will make a note: P.S. Be very conscious, stay alert, and learn to ask questions, make research and make every necessary inquiry before taking action. Before using any platform you were introduced to, do research about that new platform. Seek to know how reputable a platform is before engaging with it.

Stay private both on the internet and offline. If you think you can trust people offline because you know them, kindly remember that you only know those people facially; you don't know what's going on in their heads about you.

You really echoed my mode of operation when I'm dealing with anything unknown to me on the internet, because the social media is a public space where you meet people and businesses that you've never seen or heard of before in your life. So it's true that every unknown or unverified sites on the internet is a potential scam, until you carry out a thorough research on them before taking chances to believe and do any sort of transactions with them. Even links that are innocently sent to you by family and friends should be investigated before trusting the links, because they might have ignorantly forwarded them to you as received. Scammers are improving their skills everyday so people need to also double their alert and vigilance, so they won't fall victims.
1546  Alternate cryptocurrencies / Altcoin Discussion / Re: is it a legit airdrop or not? on: December 30, 2023, 06:51:27 AM
Any deposit airdrop.

Get ready to get scammed. It's a new project right? no one can vouch is safe or not. It's just gambling, you hoping is pay off & not getting scam. However, most people are really avoiding any kind of deposit airdrop scheme.

Just to risk.

I know that investors need not to worry about the legitimacy of airdrop, it's only the tokens that potential investors needs to worry about, so every new projects needs to be thoroughly researched before putting money in them. The OP can decide if he wants to take the risk and gamble his fund in the new project, but from the feelers in this thread, he has to be very cautious if he still wants to go ahead with the project, because it might just be another scam.
1547  Local / Nigeria (Naija) / Re: be careful!! Scammers opportunity to get to you @CBN UPLIFTING OF BITCOIN BAN on: December 29, 2023, 08:36:11 PM
I thank the OP for dis important information because as CBN don allow our banks to de facilitate cryptocurrency matter again, I know say scammers go enter drawing board to fashion out new ways to take scam people wey want do crypto transactions for banks. I no go surprise say even some people wey de work for bank wey get access to confidential information about crypto holders go collaborate and give dem fellow scammers di information and dem go call and tell you about your details to scam you. Scam de for crypto well well so as im transaction don enter bank again, we suppose still de take precautions make we no go fall victim for dem hand.
1548  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it a new trend of Altcoin Bull run? on: December 29, 2023, 06:11:08 PM
Actually the reason for this is, since Bitcoin of he first crypto coin, not all altcoins can be bought directly. For you to buy them, you first need to buy bitcoin and then swap to those altcoins. And before you can sell them, you still need to swap to bitcoin before you can sell
I think it's the old method. Altcoins can also be purchased with stablecoins, although I don't trust any of them.
One for sure bitcoin is the major pair in cryptocurrency market, when bitcoin going up then altcoin just follow bitcoin trend.
This kind of thinking almost everyone uses it also people intend to sell bitcoin for altcoin when the price of bitcoin go up
And when bitcoin is going down, usually they will convert all altcoin for bitcoin. thats why when bitcoin drop, people intend to sell their altcoin for bitcoin.


I can agree with your analysis when you said that Bitcoin price is a determinant of altcoins prices, so when Bitcoin price increases investors sale to buy altcoins and when Bitcoin price starts to dip investors will likewise sale altcoins to buy Bitcoin. Again cryptocurrency adoption and investment awareness is increasing and many people are coming into it. When newbies hear about the testimonies of people that have doubled their investments many times in altcoins, it tends to increase investors, that'll increase their prices.
1549  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin really too Expensive? Then Buy Satoshis on: December 29, 2023, 05:35:59 PM
It is just as easy as saying it is not necessary to buy bitcoin if you do not have enough money to, becuase you can buy less than 1 bitcoin. Satoshi is the smallest unit of bitcoin but I do not think saying investing in satoshi is correct, it is still investing in bitcoin but people can buy less than 1 bitcoin.

For average income earners who wants to do Bitcoin investment, if they can not afford to buy 1 Bitcoin, then it's best to start according to the amount that you have, by buying in Satoshi, being the smallest units of Bitcoin. I love Bitcoin investment because it affords the investors opportunities to start small, they can do DCA method and continue to accumulate and hodle until it reaches one Bitcoin and beyond. If an average income earners is perssionate to start the journey of Bitcoin investment, the relatively high price will not be a discouragement because of the option of starting in satoshi. The way Bitcoin price is increasing it might get to a level where you'd have to be rich to do it's investment, thankfully Satoshi will bridge the gap.
1550  Economy / Economics / Re: If Banks make money out of loans then they should reward those who borrow on: December 29, 2023, 04:30:02 PM
That is a choice and decision of the bank manager. It's not criteria, they help citizen store and keep their money to safety what do they gain in return? This is the part where giving out loans started. Instead of keeping the money in the bank without any good use of the money, they started giving out loans to reputable individuals and companies with percentages so that they could make some profit out of it.

I really think that people should appreciate banks for the important roles that they play in keeping our money safe until when we need to spend it, they don't tell us that money is not available when we want to withdraw. Infact banks are the safest place to keep our money and have peace of mind that we won't be robbed or lose it, very convenient to pay for goods and services directly from our bank accounts. Bank accounts are more convenient to make payments from than crypto wallets, because every business person has a bank account but very few have crypto wallets, besides banks transactions are faster and cheaper than cryptos.

It'll be very unfair to borrow money from a bank and not have the intention of repaying, if the terms and conditions were not favourable, then why collect it in the first place?
1551  Economy / Gambling discussion / Re: How should Lotteries be categorized? on: December 29, 2023, 03:22:41 PM
I categorize lottery as gambling the way casino and sports bets are, because you place a bet in all of them and hope to win. There methods and risk levels are different but their ends are the same either win or lose, play and depend on luck so you can win the bet. A gambler can win millions in lottery, but the chances of winning it can be one in a million chance, they play and the lottery company spines the weels. In casinos, gamblers gets to play the game by themselves, you win and gets paid, you loose and lose your money. Then in sports bet gamblers predicts matches and stakes bets, if predictions are correct then they receive their winnings, if not, then their money is lost. So lottery is definitely gambling, because like the others you bet money to win or lose.
1552  Economy / Trading Discussion / Re: The best decision you can take on: December 29, 2023, 09:53:04 AM
A good and Skill trader must know that in other to stay long and profitable in the market,
it very important we know when to stay off the market
This is right. Traders should not be greedy. As traders is winning during the day, he may be greedy and wants to win more. But at the end, he may find himself losing overall before the day is over. Also if a trader is losing, they should have a limit to their loss, once the limit is exceeded, they should stop trading. Losing is when traders are vulnerable to lose more.

Sometimes, a trader can be sure of the market, enter the market and the market will go in the opposite direction against the position opened by the trader. It is good for traders to know that they should not trade with the money that they can not afford to lose.

I think that it should be an ever green advice in cryptocurrency trading "trade with an amount you can afford to loose", because of the uncertainties that sorounds crypto trading, because despite your analysis skills, you can still experience loses at the end of the day. Very important also to know when to stop and call it quit for the day, so you'll be better refreshed and prepared for another day, this is why especially newbies should set a limit for loses to minimize going on and on and keep losing. Important tip to note again is not to be greedy, after experiencing winnings, it's best to also know when to set the limit and call it a day, because the winnings can fast become loses.
1553  Other / Politics & Society / Re: How do you see young girls who engage into prostitution on: December 29, 2023, 08:46:30 AM
Unarguably, we are in a time where men find every opportunity to devalue women especially young promising girls with bright futures just for fun or one interest or the other .one day I saw a young girl been dropped out of a vehicle and she turned mad immediately and I was confused because most young girls have failed to work rather they choose to sleep different men just to buy iPhone or latest hair or dresses and so on.

However, why question here is “do women actually sell their integrity for phones, cloth , hairs, or bags ?and it is quite disheartening that most of them are used for money rituals just because of their laziness and quest for material things so I now ask ‘ is prostitution the best option for a young lady ? Please guys I will really love to hear your opinions on this !

Young or old women who are into prostitution are in it as a matter of choice, just like any other profession, they're in it to offer services and get paid at the end of it, they can choose to do another kind of job and get paid more or less. Although some prostitutes can claim that it's a lack of well paying jobs or poverty that compelled them to enter into prostitution, but the fact remains that there are other women that we're in a similar situations like them but choose a different line of work, so it still comes down to choice, they probably think that prostitution is less tasking with a better pay than probably working in a factory or working as a maid. Unless a young woman is compelled into the act of prostitution, maybe in the hands of sex traffickers, then pushed into forced prostitution. It's important to note that the trafficker can be a man or woman, while the victims are mostly women.

As Hispo, pointed out, if a girl is in a relationship because of material gain, that can not be categorized as prostitution, it'll be called a golddigger, because she's not engaging in sexual acts with every man that offers money for her services.

1554  Other / Off-topic / Re: Simple advice, don't get carried away by people success stories. on: December 29, 2023, 07:09:35 AM
The experience of the person doing the advertisement or hype doesn't have to be exaggerated. If someone you know tells you about a huge profit they made trading crypto, it can all be true. But that doesn't mean you will be able to replicate it. It's possible that it was luck and a one-time thing.

The biggest mistake that beginners make is that they want to be traders but without having any knowledge about what they are doing except a few YouTube videos they watched and some very basic and limited understanding of the market. It's very dangerous to play with your money like that, and the chances are greater that you will fail than that you will succeed.

Basing your decisions solely on hype and feelings is a disaster waiting to happen. When it works out, it's pure luck and not skill on your part. Your luck could run out the next time you attempt it.

Doing deep research on the project, founders, team members, partners is time consuming, but the only way to mitigate risk for those who want to play around with alts.
Better yet, don't do it at all, and increase your bitcoin bags as much as you can.   

Beginners are carried away by the success stories of friends and influencers who may have gotten lucky with a project, the excitement of the pump of their invested coin, will make them to turn overnight experts in dishing out cryptocurrency advice, newbies will then buy into these sincere hype and also invest heavily without knowing the credibility of the altcoin, the next thing is price will dump so hard that they'd lose their investment capital. This is why people that don't carry out proper research before buying a hyped project ends up calling cryptocurrency investment or trading a scam, because of their ugly experience, they'd blame everyone but themselves for their ignorance.

So it's important for anyone that wants to engage in crypto trading to get a proper knowledge of how it's done, learn the analysis necessary for a beginners, and for investment they need to carry out proper research on the project, founders and team members as you said, so they can atleast get a head start to understanding if it's a scam project. I agree that the safest cryptocurrency that you don't need to carry out any research before buying is Bitcoin, then top altcoins like Ethereum.
 
1555  Alternate cryptocurrencies / Altcoin Discussion / Re: Which blockchain has the highest rated TPS? on: December 29, 2023, 05:51:55 AM

Blockchains like XRP and Solana claim to process large TPS, but that hasn't been proven yet (AFAIK). If there's a blockchain network that can handle many TPS like Visa, then crypto would be on a road towards massive adoption worldwide.


As far as I know, you would only find a lot of claims but no actual evidence. As you and mk4 mentioned Solana is still the leader as of now. There have been claims by Fantom and Elrond that they have a TPS of more than 10k but there is no actual evidence provided by them.

I guess that it's all claims and gueses about the Blockchain with the highest TPS, with no proven evidence, they probably overtake each other at intervals. But with my research so far I think that I'll go with your submissions and settle for Solana.
1556  Local / Nigeria (Naija) / Re: Why you need patience to invest in cryptocurrency on: December 28, 2023, 06:29:35 PM
Patience na crypto investment second name, any investors wey jam any credible projects wey get di potentials de profitable in di future na to buy am and hodle till e pump very well. But di problem be say how person wan take know better crypto wey no go become shitcoin in the future, after you done buy finish come begin to get dat patience say make e de appreciate, before you know di price don dump or di coin go just become worthless. So my point be say before you go hodle any crypto coin, make you do proper research, odawise na gamble you de take, na only Bitcoin and top altcoins I fit to put my money and get patience, because I de sure say dem go make me richer for dem bull run.

So for di OP matter I no fit to blame dem as dem de skeptical about di pi matter, because for money matter person need to de careful before im go put money for wetin im no know about. We de talk about patience for dis dem pi matter because we don see say e de profitable, what about plenty scam projects wey de for crypto market wey people go buy and las las dem no see shishi? So if person no put money for wetin im no de sure of, make e no blame himself if di thing later de profitable, because if na scam im go de happy say im no waste im time for di nonsense.
1557  Alternate cryptocurrencies / Altcoin Discussion / Re: WHAT IS TRADED IN FOREX? on: December 28, 2023, 03:02:57 PM
MONEY
The uptight ones who probably got straight A's and followed all the rules as children only consider USD, EUR,JPY, GBP, and CHF as major currencies. Then they label AUD, NZD, and CAD, as 'commodity currencies.
These three letters are known as is04217 currency codes. By 1973, the international organization for stadardization [iso] established the three letters codes for currencies that we use today. other nickname for USD are green backs, bones ,benjis, benjamins,  cheddar, paper ,loot, chese bread.
What information do you really intend to pass to the community because from what you have written, it make no complete thought. What you have written is like a statement trying to explain to us without clear understanding of what you are writing. Forex market is for fiat currency and not for crypto at all. Those who trade in the forex market and trading curenc6pairs against each other which is similar to what happens in the crypto market trading two cryptocurrencies against each other, in support or against.

It's pretty hard to comprehend the content of the OP topic, I was able to make sense of the thread from the subject that talks about forex, I hope he can improve on giving his message a clearer meaning.

What is traded in forex is obviously money, fiat currencies of different countries, they're paired and traded on the stock market, a trader can trade directly or through a third party that is a broker. It can be traded only on working days of the week, excluding weekends being Saturdays and Sundays. While cryptocurrency trading are digital currencies that are traded on the crypto market, a trader can trade on one crypto coin or with another crypto coin, and trading can be everyday. They have some similarities but their main difference is that forex is fiat currencies while crypto is digital currencies.
1558  Economy / Speculation / Re: HODLers, When Will You Sell? on: December 28, 2023, 01:53:07 PM
Bitcoin that you hodle is your property therefore it's your prerogative to sale anytime you want, so it'll comes down to individual decisions to determine the right season to cash in or keep watching it accumulate in value. One fact that we can't deny that'll make a Bitcoin investor to hodle it for many years and not sale is because that person is financially stable, because there's no how that a person can be bankrupt or have very important financial needs without any other sources to raise money that'll not sale all or part of their Bitcoin to carter for the urgent and important needs.

Like some comments here have stated, the reason why some Bitcoin wallets have stayed for many years without touching it could be that their seed phrase is lost or the holder is dead, where no living person knows about the seed phrase. Or like I said, perhaps the holder is financially well-off.
1559  Economy / Economics / Re: Ditching US dollar on: December 28, 2023, 12:38:16 PM
Of course, if two countries that previously used the US dollar decide to finally do away with it, it will have an impact on the US dollar. They would let go of every single USD in their coffer. They would not be buying any in the future.

But the bigger question is would they be able to fully detach themselves from USD? Will all their trading partners be amenable to avoid using the USD? If not, could they survive trading only with those that are willing to accept their local currency? Are international trading partners willing to deal with an unstable Iranian rial, for example, that has been losing value so fast in the past several years?

To my mind, the gravity of the impact of ditching the USD wouldn't be as heavy on the USD as their very own countries.

Both countries Russia and Iran, can only accomplish ditching the USD if they decide to trade between themselves alone, but we all know that is not a good economic plan. They still need trade relations with other countries that might not be willing to do international trade with another currency other than the USD. In that case if other countries are not willing to accept another currency for international trade, wouldn't that be a flop to them? They need to first rally other OPEC countries and industrial countries like china, to be able to get a head start, or they remain in trading between themselves which will not be favorable to either of them in the long run. US has a lot of influence in many countries, therefore it'll not be easy to replace USD as the dominant force in world currency domination.
1560  Economy / Gambling discussion / Re: Gambling for fun, is it a lie that we tell ourselves? on: December 28, 2023, 11:07:15 AM
I'm being tempted to agree with you that gambling for fun is a lie we tell ourselves to make us feel better in the midst of losses. I don't really condemn the proponents of such since its a strategy for reducing the pain of losing.  But the reality is that no one gamble for fun. The primary reason for gambling is money and more money. Remove the money from gambling and see how many of those championing gambling for fun will still be there.

If you remove winnings from gambling, I wonder how many gamblers that will still come back to gamble, beyond having fun, there's a subtle challenge in our minds that we're coming back to win and recover lost money. Because we've told our selves that we're gambling for fun, it suppresses the feelings that we want to gamble to win, if not why would you have fun playing games that you have high probability of losing. The consolation that I see for reasonable gamblers is that they gamble the amount that they can afford to loose, so the frustration of eventual lose can reduce. The exceptions that I see are money bags who have enough money to throw away without minding, because they have it in surplus.
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