Bitcoin Forum
June 23, 2024, 04:03:02 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 [87] 88 89 90 91 92 93 94 95 96 97 98 99 100 101 »
1721  Other / Beginners & Help / Re: My experience navigating through this platform on: April 15, 2023, 09:14:21 AM
thanks for your time
I hope I can learn better and  contribute quality Post here.
please if reposting an authors thread in my post is wrong do tell me to re edit it. Thanks again.
You started well. Going through the forum is good because you will be able to be abreast with the operations of the forum. It will help you get used to the forum and contribute meaningfully to the forum. It will also assist you to know the rule of the forum so that you will abide by them. Some members violate the rule not intentionally but because they are not aware of the forum laws. My advice is that you keep learning by reading and contributing in areas you feel you can. This forum is like a free institution, keep asking questions and you will get your answers from members of this community.
1722  Bitcoin / Bitcoin Discussion / Re: "Bitcoin is Speculation & Gambling" - Warren Buffett Critisize on: April 15, 2023, 08:26:13 AM
One thing I know about rich people is that they aren’t going to give you financial advice for free. Warren Buffet has always been a strong critic of bitcoin and I don’t think he’s going to stop now. Buffet is old, talking about bitcoin keeps him relevant amongst young people. This interview was to reassure Americans that the banks are still a safe place to keep your money. I think he’s sentimental about the issue but let’s look at the historical data of bitcoin before making their decision.

And the rich don't want others to become as rich as they are, so it's understandable that they speak ill of an asset that can make someone else rich quickly. If it were me, I would do the same, I don't want everyone to be rich because then the world will be unstable. Most of us are speculating on bitcoin, hoping to get rich quickly, so I have a feeling what he's saying is talking about us, not bitcoin.
If cash has intrinsic value why we're people carrying cash in wheelbarrows to buy basic needs in Zimbabwe and Somaliland? The value of any currency is its worth in the market. How much goods it can buy is the value of any currency. As much as I know, holding or using any currency is a risk because none has a constant value.

And it is important to note that anything can be used as money and it will have value. If people in my country refuse to use the national currency as a medium of exchange and decide that human hair is now the means of exchange, human hair will immediately start having value. If people decide to use Bitcoin, its value will also go high and the government can do nothing about it. If the government decides to give its citizens freedom to choose the currency they want to transact with, many will choose Bitcoin and the government knows that's why they are using force to enforce compliance to their bad policies.
1723  Economy / Gambling discussion / Re: Saudi Professional League 2022/2023 on: April 14, 2023, 11:59:07 PM
Al Baten 1 - 0 Al Hilal

wow this is an unexpected result, given that the difference between these two teams was very big, the first big difference between these two teams is in the position of the table, Al Hilal is in position number 4 with 46 points, while Al Baten it is in the last position, it is in position number 16 with only 15 points. the second big difference is in the performance of these two teams in the last 4 games, Al Hilal in the last 4 games had only one defeat and wins and only 1 draw. while he had 2 losses and 2 wins. in this game al hilal had 76% possession of the ball

but surprisingly even with 76% ball possession al hilal failed to make a shot on target, while Al Baten who only had 24% ball possession managed to make 3 shots on target, in this game Al Hilal failed to score at least 1 goal despite having 76% of ball possession, while Al Baten, who only had 24% of ball possession, scored 1 goal. they are a bit funny, on paper it even seemed that Al Hilal were going to be much superior, but on the field the effectiveness was in Al Biten who knew how to take advantage of the opportunity and scored a goal and with that won the game, with this result if the Al Baten get at least 2 or 3 wins in the next games so I see them leaving the relegation zone

Al-Hilal was busy enjoying ball possession while Al Biten was taking all the changes they could have to push their attack. The match is an indication that it is not the team that plays the most entertaining football that finally wins. Al Biten is doing everything possible to escape relegation. Although they are at the bottom of the table but if they can win all their game and another team's performance becomes low, they might come out of the relegation zone. While Al-Hilal lost the opportunity to advance to the top four spots. The end of the season is a very interesting moment in every league because there will always be surprising performances and results.
1724  Other / Meta / Re: why bitcointalk don't advertise anywhere. on: April 14, 2023, 11:23:41 PM
I have never seen: contact me on bitcointalk @Stephen.
Any special reasons for not advertising bitcointalk forum?
And don't we think there will be shortage of users here as time passes?
Running a few advertisements on social media would attract more people to the forum but it will come with some challenges. It will attract a whole range of people that might not have any interest in bitcoin. There will be a high rate of shitposters, scammers, and spammers. So it will have to take extra effort to clean up the forum because most of these new members will treat the forum like social media. The majority of people that register currently in this forum are either referred to the forum or found it through research. The above two mediums will help to reduce the influx of uninterested members.

I don't think members will reduce drastically because Bitcoin awareness is spreading speedily. And Bitcoin price is not doing badly recently which means that more people will be attracted to the sector and the forum.
1725  Other / Beginners & Help / Re: Believe is what you don't know. on: April 14, 2023, 10:55:38 PM
I don't want to sound religious but my point is that, I believed in the potential of Bitcoin and its forum/community to the point where be it my earnings come from my dedication and focus to it.
As a newbie my advise for you is to believe in whatever efforts you put in here and truly the outcome would amaze you overtime. Wherein there is no believe in the system and operations of its forum, the task to post comments, create new topics or participate in its competition will only come off as too much work or stress and might lead one to become discouraged and quit in the end.

Believe in what you give your time, focus and energy to and be baffled how the results play out.
I must confess that I find your post interesting but it is very difficult for me to understand the write-up. Most people are in this forum not really because of the gain from the group but because they have confidence that Bitcoin will always be a good currency and investment. As you said, they are believers in this currency. But it might not be proper to relate or compare the confidence you have in Bitcoin and the forum to the faith some people have in their creator. some religions believe that their God is all-powerful and infallible and I don't that Bitcoin or bitcointalk can have such kind of influence.
1726  Local / Nigeria (Naija) / Re: Bitcoin miners in Nigeria on: April 14, 2023, 09:28:09 PM
But the problem is, the electricity that is good here today may become bad, you should be prepare to change your location again. I am not a miner, so I may not have the accurate information. But I know that there are some miners in Nigeria, although they contribute negligible hashrate to the bitcoin network.


I also know of a place in Nigeria with a 24/7 electricity power supply and it is absolutely free because of the presence of the power station there and the agreement the company held with the host community.

I once lived in Afam oyigbo in Rivers state where I discovered that meh the light there was something else and for the period of the 1 year Iived there, the only took the light once and that was because the transformer had a little issue but the light was fixed in less than 3 hours and that was when I began thinking of the possibility of having a mining pool or farm as the case may be and I also tried writing to some persons and entities but got no reply then.

If there is anyone in Nigeria who's into mining and at some point needs a place with absolutely free and constant electricity, then Afam oyigbo should be considered because of the presence of the Afam power station there.
Small small this thread don dey bring good places wey person fit go set up mining business. I bin go visit my friend for Afam one time and the guy carry me go the electricity generating plant. My people I see massive big generator wey dey produce power. My man even tell me say dem no dey pay NEPA bill because na the community dey host NEPA but the light no too steady the way eh dey before because some of the generating set done spoil. Dem arrange some of those power generators since 1982 and the government no dey maintain the station. But I still agree say Afam na good place to mine if them dey still they get constant and free electricity.
1727  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: April 12, 2023, 03:27:03 PM
My guess was right, City won. But three goals really made Bayern Munchen worse. Tuchel seems to have to work hard to rearrange the strategy in Germany later. Two things that Munchen should not do when losing The defense line that often makes mistakes. Then Tuchel, who looked confused, failed to make the most of the substitutions. Three goals are quite heavy, but looking at possession and opportunities should be Bayern Munchen Can make a surprise later.

I never expected that Manchester City will win this match with three goal margin. My predictions was that the game will be a draw because of the presence of Tuchel, but I was surprise to see Bayern play so badly. City was so strong in that game that I began to wonder if they were really playing against a top class team like Bayern. Thomas Tuchel is still new in the club, so I don't expect him to have instant result because he needs time to fix the team. But the return leg in Allianz Arena might be a different game because the Bayern team has the quality to score goals. If they can fix their defensive errors and attack massively, they might get a good result at home.  

It will be almost impossible for Benfica to comeback, and for Napoli-Milan the difference here is that Napoli lost to Milan in league so they will be more prepared this time, this is much more important game then that in Seria A

In the champions league anything can happen. Benfica played very poorly but it is possible that they might come back strong in the second leg. We had expected them to get a good result result at home, but it turned out to be the opposite but it is not over until the end of the second leg.
Napoli-Milan game is unpredictable because Napoli is one of the best in Europe but their recent performance is making me doubt their ability to beat Milan. But based on their past performance, Napoli might win this game convincingly.  
1728  Other / Politics & Society / Re: Being Russia and Russian now on: April 12, 2023, 02:52:52 PM
Russian banks, oligarchs, and technology imports have been the targets of West Europe and the US sanctions. But ordinary Russians' economic lives haven't being affected much since the war in Ukraine, when they were placed under extensive restrictions meant to decrease Moscow's war chest. Joblessness rate hasn't increases, no plunging money and no lines at banks. The arrangement at the general store is minimal changed, with worldwide brands still accessible or local substitutes replacing them. At some Moscow malls, crowds may have decreased, but not significantly. Local brands have replacing McDonald and Starbucks
A local once said, "Economically, nothing has changed". He still goes to work and shopping like before the war. Well, maybe the prices of some items have gone up a little, but not so much that it's obvious.

I will not totally agree that the war did not affect Russians negatively. But I will believe that this invasion have both affected the economy of Russia positively and negatively. Russians are now buying locally made products which is a good thing to the Russian economy. Local industries now have less competition from foreign product which will make them make profit and increase employment opportunities. Russians have been forced to negotiate trade using the Russian Ruble which help to reduce their overreliance on the US dollars. The negative implication is that there are lesser foreign direct investment, limited product substitute, unemployment and reduced transfer of technology.

But I will also accept that the US and NATO underestimated the Russian economy. They thought their multiple sanctions will cripple the invader's economy, but they were surprise that their predictions failed. It is clear that Russia have prepared for this war and the resultant sanctions. The economy seems to be sanction proof.           
1729  Bitcoin / Bitcoin Discussion / Re: Can owning 1 Bitcoin make you rich in 2023? on: April 12, 2023, 02:27:08 PM
I came to know about Bitcoin as everyone here did it was from my friend. I was living as usual a life controlled by the government and its banks. I was not angry about my life, still I had the anger to be someone who can succeed.

I had somewhat good childhood but I always saw my parents struggling to get those fiat. It did saddened me as I saw my parents living a routine life and still did not enjoy it.

Now I know why they were always struggling to get the ends meet. I do not.know whether anyone here can relate to the same experience of my parents

My parents also struggled to raise us because the income of my parents is far below what they needed to raise us. So we had to struggle to survive but it became worst when one of my parent died. The reason why most household suffer is basically because of low income. Others suffer because of waste or overspending. Some people tend to spend on what they don't really need. The number of children in the family also affect how well the family will fair financially.    

Quote
When I understood the true potential of Bitcoin. I joined this forum as I am not someone who can spare the money required to invest for 1BTC.

So, my question is can Bitcoin give a life that I dreamt as a child. Is it possible to gain financial freedom? What exactly does financial freedom means in context of Bitcoin?

# Please ignore my typo and spelling mistake.

Thanks!
Financial freedom based on my perspective is the ability to afford all you need without taking loans or buying on credit. It is when you income or investment can afford you needs.  I don't know where you are based but 1Bitcoin is worth millions in my country's currency. If you can afford to buy one bitcoin, you are rich in my county. But buying one bitcoin is not a guarantee that you have attained the level of financial freedom. You might be able to attain that level if the price of bitcoin increases to a record high and you invest the profit you made on another business. But if the price remain the same or goes down your hope will be dashed.  
1730  Economy / Economics / Re: Advises 'Get Rid of Your US Dollars Now (Economist Peter Schiff) on: April 12, 2023, 06:32:23 AM
Will there be any negative impact on the world economy if a hatch decision is being taken towards abandoning the USD for any alternative?
The dollar is to a large extent more stable than most currencies, which is why it was using it for international trade is convenient. International trade will be more complex if the dollar is ditched because some local currencies are highly volatile.

Chinese Yuan seems to be the currency that might want to compete with the dollar, but there has not been a consensus that it will be the alternative. Except for the BRICS nation adopts the Chinese currency or they decide to introduce a common currency, there is still no agreement of which currency to adopt.
The best decision would be let every nation accepts other nation's currency in international trade.

The advice has to be qualified further. If Peter is saying everybody should be getting rid of their US dollars now and shift to Bitcoin, then perhaps it makes some sense. But if he is simply saying get rid of the US dollars, that's a bit misleading. As a matter of fact, if I kept my savings in USD rather than my own local currency, I would have made a decent profit. So which asset or currency shall we be converting our US dollars to? Gold? It barely even moved for the past 10 years.
Most of these nations pushing for de-dollarization simply want to make their currency stronger. It would have been better for every nation to switch to another currency that is not centrally controlled. And bitcoin would have been a good alternative to the dollar because it is decentralized and no country will feel cheated. And making bitcoin the international payment currency might make it more stable and less volatile.
1731  Local / Nigeria (Naija) / Re: Bitcoin miners in Nigeria on: April 11, 2023, 06:20:32 AM

You are correct mate, Onelga is one of the local government areas with constant power supply in Rivers state Nigeria as an oil producing community they don't have to pay for the constant electricity they receive. I have been their countless time and it's a plus for anyone planning of where to settle a mining farm.

Brotherly ONELGA go make sense die since them they get steady light because most of the electric plants there they use gas turbine.The place also make sense because na semi- urban area and the place also get basic amenities way fit make life sweet small. But my only issue with the place na insecurity. Bro. The place bin raze to the extent say people bigin dey sell their property cheap. If those men come get intel say you dey mine Bitcoin, them go just open office for your head. Before you know elders, youths even women go begin come for compensation because them go feel say you dey make billions for their community.

Quote
Another place still in Rivers state of Nigeria that enjoys uninterrupted constant power supply is Bonny LGA, also an oil and gas producing LGA, recently they celebrate decade of uninterrupted power supply in their communities , all unpaid for as part of what they benefit as host community to the oil exploration companies. These are sites that can be economical and profitable for potential miners in Nigeria.

Although I never get info about electricity for Bonny Island but the place fit bi the ideal place for this mining project. The place dey peaceful and them still get the same oil company settings like ONELGA. You fit even run electricity package with some companies their if you get connection for the firm.


Another thing wey fit discourage miners for Naija na the cost of importing mining equipment. I no sure say any company for Africa dey produce those facilities. Another Wahala fit bi how to maintain the facilities because people wey dey fix am fit no dey for our country.

But I no lie oh, this mining business go bi very coded way to make small money because many people no go know wetin you dey produce.
1732  Economy / Trading Discussion / Re: Do you still advised more buy and store? on: April 11, 2023, 05:44:31 AM
I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
I hope you know that the well-being of your household should be your main priority. If your income is less than or equal to the amount you need to make them comfortable, just focus on them. Opportunities to invest will always be available. Investment is good but you won't subject your family to suffering because you want to invest in Bitcoin.

You can also observe areas in your expenses that can be reduced or cut to make you have little savings. Seeking another means of income like taking a side hustle or starting a business that will not affect your full-time job might be helpful. As your increase your rank on the forum, you can earn Bitcoin through signature campaigns or winning competitions.
1733  Economy / Gambling discussion / Re: How honest and transparent are casinos? on: April 11, 2023, 04:57:39 AM
I have seen several casinos with promotions where they do "drops" to thousands of people or they give bonuses to several gamblers, but how transparent is this process?

Do you think casinos are really doing these drops to 1000s of people or are they skimming from the top.... ? They might say a drop is for 2500 people, but they might only drop for 500 people and nobody will know. Yes, some of those 500 people will report that they have received the drop and it will look legit.... but is it really?

How can the gamblers verify that the actual amount of people are receiving the drop or the bonus, if there are no list to verify it? Let's discuss this. I am curious if other people also thought about this...  Tongue

Business owners are humans and some humans are straightforward while others are not transparent. Some casinos keep their promise and they are also open to public scrutiny. While other are not and they keep their business dealing secretly so that customers will never have access to them. I am sure that some casinos fulfill all their promotion promises to their customers because they want to maintain or increase their reputation. While others don't care about what people think or say about them because their main focus is not to satisfy customers but to make outrageous profits.
1734  Economy / Economics / Re: Finance is a jigsaw puzzle. on: April 11, 2023, 04:17:39 AM
Your analogy is interesting and I can see the picture you are painting. But I want to relate it to investing and building a business. Starting a business is very difficult because one have to engage in so many activities like planning, seeking funds, choosing a location, employing staff, advertising, and seeking customers. But as you strive to settle these issues one after another, the business becomes easy to manage or run. That is why every investor must be patient and persistent at the beginning of the business without that the business will underperform or even collapse.

Thanks a lot, both for your comment and the reminder,haha. I actually noticed the paragraph problem after I sent the post but I was not allowed to delete the post. I will definitely work on this next time. Two or more paragraphs will be much better for a large content post. Thank you again  Smiley

I want to commend you for your simple writing style OP. But you can always edit your post by using the edit button. Regardless of how old the post is, it can be edited. Paragraphs make your work attractive and easy to read.
1735  Bitcoin / Bitcoin Discussion / Re: The importance of operating completely anonymous on: April 11, 2023, 03:56:33 AM
If anyone can please add their expertise here on being completely anonymous for the sake of the masses. In a world that is centering on control and tracking activity as a means of control, what are the best measures one can take in any given region for the sake of remaining completely anonymous online with not only bitcoin transactions but online anonymity with delicate private information on not only location whereabouts but financial data, social data, phone number and email privacy, etc?

In life, you try to control what you can and do all you can to minimize the effect of what you cannot control. In my country, you cannot be anonymous unless you don't buy anything or do any financial transactions. Or you decide not to own a phone which is not possible for now. But there are a few things you can do to increase your chances of remaining unknown. One of the ways is to stay away from social media. Some persons are so addicted to these platforms that they can write their autobiographies through detail on their social media platforms. They are in the market, bank, or home on the street, it will be uploaded to their social media account.

Another way is that instead of keeping your money in banks or exchanges, become your bank through a centralized wallet. Exchanges and bankers will always want to know more things about you. They will keep asking for more information until they know virtually everything about you.
1736  Economy / Reputation / Re: SBF-Ross Ulbricht on: April 10, 2023, 02:55:21 PM
According to the latest news SBF bribed at least one Chinese government official with a $40 million payment by 2021.
We keep hearing more news about the financial scandals that Ftx and its owners engaged in. He was just selfish and don't consider that the money he was spending recklessly was people's hard-earned income. Don't be surprised if the FBI uncovers that this young man even gave a bribe to a past or present president of a nation for asylum or presidential pardon in advance.

How can a fraud that harms large numbers of people be forgiven by putting him under house arrest. What is this law, someone with the status of a high profile criminal is placed under house arrest while those who steal livestock just to make ends meet are left to rot in prison. SBF was able to get all of these facilities regardless of the money he had, there was a process of moving money under the table which made the parties involved give him leniency.
Welcome to the law of the jungle, who is strong he reigns.
He is not yet guilty until a court convicts him. Like every other suspect he was placed on bail and he was able to fulfill his bail conditions which is why he is at home. The court always denies bail to suspects that were trying to escape or had escaped before during trial. SBF has shown that is willing to face the law which was why he didn't challenge his extradition to the US. His special treatment is a result of rh wealth of his parents. Some people are still in custody because they don't have the money or connections to fulfill their bail conditions.
1737  Economy / Gambling discussion / Re: Times When Casinos Will Ask Certificate That You Are A Responsible Gambler on: April 10, 2023, 02:00:02 PM
Will there come a time when online casinos will implement that you upload a responsible gambler certificate before you continue to play because of too many government restrictions it's not necessary for newly registered gamblers but for gamblers who lose a lot of money and their activity is they are suspected to be addicted to gambling.
The reason why the government will implement this, as a precaution, is to protect people from losing their wealth and their health from too much gambling because of addiction, it's a way of protection.
Any country that will enact this certificate policy will lose a lot of revenue and investment opportunities. Gambling firms will avoid the country because they will not have many customers.

This certificate will require KYC and many people are always scared by these policies.

Getting a certificate might also attract some costs that would be paid by gamblers. People might have to undergo some expensive tests to check if they are addicts or not.

It can also be time-consuming and cumbersome to acquire.

This policy can also give rise to an increase in illegal and unregistered gambling because people that want to invade these restrictions will patronize more risky gambling firms.
1738  Other / Beginners & Help / Re: What advice do you give a newbie? on: April 10, 2023, 01:26:02 PM
As you can see, I'm a complete newbie; tailless and headless. I have no direction and I seek one. Educate us on the dos and donts of the forum.
How is growth measured here?

Don't give more attention to posting. Dedicate your time to reading about Bitcoin and the forum. Your focus now shouldn't be to grow but to gain knowledge. If you have sound information about Bitcoin and the forum, you will naturally grow. However, growth in this forum is a product of merit and activity. You can get merit when you do quality posts that give information, answer a question or solve a problem. Merits are like likes on social media and the more merit you get the higher your membership level.
Activity is determined by your age and consistency in the forum. Your activity grows as you spend more time and make contributions. Just  ba patient and learn.
1739  Bitcoin / Bitcoin Discussion / Re: Take good care of yourselves on: April 10, 2023, 12:47:38 PM
Take Good Care of yourselves.  Happy Easter

Eating a balanced diet, good sleep, and constant exercise are very important to everyone. There is no need of holding your Bitcoin when you or your family members are dying of hunger There will always be many opportunities to buy because Bitcoin is still in its early stage. Medical attention is also important. Sometimes because you don't want to spend much on medicals some persons engage in home remedy practice or self-medication which is not proper. We should not also engage in different jobs because we want to invest. These jobs will always overstretch us and make us miss rest, sleep, and exercise. Some people sleep less than four hours per day because they want to earn and invest more in Bitcoin.

People will always say that they want to live an inheritance for their children or they want to make their children financially stable. How are you sure your children will make proper use of these investments? We should take care of ourselves because we have just one life to live.
1740  Economy / Economics / Re: Essentials to starting A business on: April 10, 2023, 06:57:47 AM
they key very first thing is this

finding a niche
this is where you know something is needed by many people. then you come up with an idea/solution to fill that need.

there is no point having a business that just does the same thing thats already very popular because its already being served and needs already met(saturated market).

by finding a niche need, means there is already a lack of competition(untapped market). and already a demand. thus when you start supplying that demand you are already ahead of the game and getting better customer flows without competition. thus many headaches avoided and less work to fight against

take the bitcoin vs crap coins for example
bitcoin became popular because there was nothing like it before it existed. and now there are thousands of crap coins THAT FAIL because they dont fill a niche. they instead just try to replicate something thats already serving the masses. but no one wants the cheap replica/counterfeit/copy. even if its offered at a 1000x discount
Finding a niche is one of the basic qualities of a business that will perform well but it has some challenges. A niche is an improvement of an existing idea or offering something new or different. Customers will gladly accept such service or product but it attracts extra cost to the goods or services. A firm that sells electronics and offers free installation service will have to employ more staff. New products sometimes are not accepted by customers easily. Most times people are used to particular goods and they don't want to use or try another one. But when the firm starts succeeding it will outshine all competition.
Pages: « 1 ... 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 [87] 88 89 90 91 92 93 94 95 96 97 98 99 100 101 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!