If the Decentralized Exchange is real a Decentralized Exchange then I don't think it is possible for the SEC to ban it and just like they can't ban other decentralized projects but whereby the DEX is not active as the name applies then the SEC can shut them down and other Centralized Exchange or the way they are doing to mixers. Probably they have even tried their best to check the money laundering that is going on there but because they can't have access to the site, they can't do anything for now. But we have to know that not all the DEX are real DEX. There are some that are just bearing the name.
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Federal Government of Nigeria ordered the central bank of Nigeria CBN to ban all the cryptocurrency related services
First of all no be federal government order for the ban of inter bank cryptocurrency transactions, and the guideline of the restriction came from the central bank and not the presidency so let get that straight. Secondly there was no arrest of anybody at least none that we know or read about. Thirdly the current President of not order the central bank governor to unbanned cryptocurrency as you speculated, because the policy that give birth to the lift in the ban of inter bank cryptocurrency transaction is part of the financial policies of thPreviewusus administration and already approved by the sec, before the new government took over. In conclusion, I advise you to go back and do more reading and to gain accurate information about the whole thing. Wow!! It surprised me that your guys were not aware of the police harassment because of cryptocurrency. Even someone has made mentioned in this local board how people were harassed in Port Harcourt because the agencies saw cryptocurrency related apps in their mobile phones. And personal I have seen with my two naked eyes, in police check point when I was going to buy something at the market , and this police stopped the Keke and started checking our phone and they found Binance, Electrum, Ethereum Trustwallet, and others and they accused the boy of doing Yahoo and arrested 3 of them and asked to go. If dem no do am for your state does not mean say dem no do am for another state. Let me shock you with another one, a boy narrated how he gave 200k to Agboro boys in Port Harcourt, he was driving Boat, and he meant them in one of the lonely place or street and dey stopped him and they forced him to open his phone and as they see di cryptocurrency apps, they di boy didn't transfer Bitcoin to dem, dem go carry am go station straight, dem do do at last 200k was used to settle di case. And also CBN can't do something that of the national interest by itself, the federal government must give approval, this na economic policy we are talking, and the federal government must give the go ahead to use cryptocurrency in the nation if it favors the economy. The policy been dey there but because di previous president e no give order to unban so na so di ban been dey until dis present president order di CBN after series of economic discussions. @Wiwo not all di information we dey hear or get e dey media, some na personal experience and not everything is written in the policy statement. Because the execution might take extra action to complete it needs. Probably it is the extra action that many don't know. In di civil service, it a project is executed, it is the highest authority received the praise and not the workers. Therefore whatever CBN does to create good economy in the country, it is the federal government that will receive the praise. So we have to understand those ideologies. Not everything is readable what about the ones you heard and experience? And for me to answer the Op question, the next thing to do now is to orient the people about cryptocurrency as the individual level and for the government they should make it as a legal tender.
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I'm only referring to individuals who scream about financial restraints, such as not having enough money to start a business or invest. I believe that anyone who complains about not having enough money for investment is simply disinterested in it, since if you need something in this life, you will find a way to make it work to achieve your goals. Only few percent out of those that claim they don’t have money and are exposed to the internet world really mean it, the rest just don’t want to be patient and invest in something profitable.
Op I totally disagree with you on this paragraph of the thread. Why will you say that if someone shey him or she no get money to invest na di person e no get interest to invest na lie. There are some people true true dem no get money . And if really money dey dem go invest. Op have bought your car? Build your house? And I believed all are no and you dey tell me shey you no need am. And you never tell your friends shey you want to buy this thing and there is no money? And I know shey you done so opportunity to come alternative for gone. Everyone needs better things but no funds to acquire them. But no money. Op this your thread is contradicting to itself. Please I am feeling sleepy.
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Anybody that uses funds for emergencies to invest in Bitcoin is not a wise investor because problems can come at anytime when he/she will need some money that he will use to settle down some things that needs to be settled.. Having an emergency funds might make an investor to hold more longer than he or she planned to hold. Reasons are because when you are saving and still accumulating Bitcoin and on the other hand you have funds for emergencies, then what will the person want to sell his coins for? Nothing,,, unless they will want to use some of the profits to complete a project and other things that can be bring more money to them during the week or month.
There are some people who works in a company that don't pay workers salaries on time (delays payments) and those people if they are invest in Bitcoin and they are not saving some funds for emergencies and just saving for nothing, by the time month end and there is no payment they will want to sell some coins and use the money to support them self untill payment is made.
I have not seen anyone keeping funds for emergency. There is no special emergency funds in anywhere but the funds came out when the emergency arise. Nobody pray for bad omen or danger ahead, but emergency is unavoidable, whether we like it or not we must encountered it from one way to another and emergency funds also comes unprepared. And at that time of the emergency, no responsible person would use that funds to invest in Bitcoin then the person does not value the sick person life. Bitcoin is not something we invest and reap within a second or hours. But a long term investment. As I said nobody saves money for accident, law case and others but it is when the matters arise then money would come out from it hidden places to settle the problem.
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I have not even heard the name of this token before. Men! There are lot of tokens in the cryptocurrency ecosystem. And when I checked the token in the coinmarketcap and I saw that the token has grown well to $14.52. And it is very good that the token has been listed in those exchanges. When a token has been listed in the exchange then, the token has gone far so the growth of the token is sure though I have seen tokens that have been delisted from exchange because they didn't meet up the demands of the exchange.
And probably people are not creating thread for it because it is not popular and it is not everybody like to discuss all the tokens. But thanks for bringing this to our notice.
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Nobody is without challenges at the newbie stagqe in the forum. Well one of the major challenges Nigerian Newbies face in the forum is lack of knowledge of Bitcoin, what to say, create constructive threads, and attacks from di oyinbo and others. So all what you have to do is to have thick skin for all the challenges you face in the forum. And another thing newbies like to do is to have merit to rank up and I advise all newbies in dis place not to hunt merit, and not to worry about rank. But always be creative with new thing and all other things will added unto you.
The first thing for you to do na to learn, and wen u don learn den u go teach another person here den merits and rank go just go up without stress. Though we all faced different challenges but in some cases we also faced the same. Don't rush to post, read well before you post. All newbies are welcome. Have a thick skin.
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Before I will give the concept nof an educated person let me first of all distinguish between two concepts of education which everyone acquired one of them to survive in their life. And they are formal and informal education. So if you want to know who is an educated you have to know the person from any of the above. In this days the formal educational system is very bad that they take or learn skills from none formal educational scholars or personels. Mostly from the science perspective. Therefore if you ask me that question I would say that an educated person is the one who has known what he is saying and doing and it is not specifically the person that has finished school.
In Nigeria those who have acquired informal education are more effective than formal. There is no job for the university Graduates.
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Op there is no money in the Bank is different from a country government going into borrowing. There might be enough money in the bank but they are for the government but for private individuals and companies. Government borrowing money does not mean there is no money in the country but the specific projects they are about bro execute in the country, there is no enough money to do it so they have to borrow from external bodies.
The thing that surprised me is that how come there is no money in the bank. Where does the money entered? In my country we have experienced this situation of our of cash in the banks twice. And people are saying that politicians and rich individuals are holding the money in their custody but if they are keeping it like won't they eat? Or buy things? The matter what money would have circulating but everything is stuck.
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The people that are not aware of Bitcoin in my area is not many again and the only thing they don't want is that they don't like to invest in it but they know that Bitcoin does exist. Many people even that Bitcoin is digital currency which can be invested in it and they don't have money to invest in it. The author of the book didn't make comprehensive research before publishing the book if not he would have known that good number of the masses understand Bitcoin.
That is why it is not all the authors and cryptocurrency influencers are needed to follow.
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Other countries are using not and there is no problem about the coin and they are warning user of cryptocurrency on USDT. Since when the cryptocurrency ecosystem came to an existence, and any country which not favored by the technology would used law to spearhead the warning or ban well from my read and the understanding of the op, China only warned the citizens to steer clear from the USDT and that issue is coming from by not following the due process of USDT developers with the native laws.
Government is always trying one way or the other to stop cryptocurrency but it is too late.
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I'm just a newbie and I don't have other opportunities to make money irl because of my place of living and age. I tried already bounties and airdrops, but I'm not lucky in it. Thanks for your advices!!!
Leave airdrop but if you do well bounty pays though I have not done that and I don't know where it is but from comments in the main boards here. But there are two sure ways to make money from cryptocurrency I'd you can endure and be patient for it to ripe. And the first one is, the money you are using for the airdrop should use to invest and not ordinary investment it a long term investment. And the second is if you can learning trading then you can split it to the two. With the investment and the trading I hope you can do well with them.
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I think y24.io was delisted from an exchange last week but I have forgotten the exchange. And this not the first time we have discussed how to detect a genuine airdrop in the cryptocurrency ecosystem. Probably the method you use to know them might be different from the way I do. And one thing you have to know is that you don't have to deposit money to an airdrop before knowing the best airdrop.
There are some that would be very good at the beginning but they can still collapsed at the long run. So the first thing to know the community participation of the airdrop and visibility of the airdrop in Exchanges.
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The January plan now has passed the plan of July so you have to update your 2024 Bitcoin investment plan. The best thing in Bitcoin investment is planning and execute the plan as early as possible so that before the ending of the second quarter of the year you have achieved enough but whereby you keep procrastinating then you plan is null and void. And all what you have to do now is to buy any amount that you can afford to buy and hodle it. And top it as your said in every month.
You can even use DAC to accumulate more in every month.
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Success is not important. It’s important to control the trading amount so that you don’t make any losses. You don’t make millions overnight by trading. Gradually with experience you will become a better trader and will make good amount of money. You just need to control the emotions whole trading. Do the market analysis with depth, and focus on more theoretical knowledge rather than rushing to trade.
And for one to become a successful trader, he has to lose and through there he would make some corrections and master the market gradually and later becomes a professional trader. And even at the professional level you will still lose but it will not be as the novice time. And anyone who is coming to make money instant in trading will lose very well but whereby he comes to learn first and make small profits and grow gradually from then he will make it in the future. One thing they have to know that, they should not be greedy in the process of trading. If small profit enter, take it and open new trade if it is a favorable time to trade again.
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but it feels impossible because investments are private and also very confidential for security and comfort.
If is impossible and for private and security purpose then why would they come to the public to inform us that they have purchased Bitcoin, and since they have done that they should have updating us the level of their Bitcoin investment status. And not only to come here and announce their investment. I am not only talking about the Op here but others. And that is why I said it before, it is a decision of the author to decide. But my argument is that since they have make it publicly, they should update the threads time to time.
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Op I understand wey you dey talk. Procrastination is very bad in the investment of Bitcoin but op you also allow them to plan well before coming invest in Bitcoin, and if they are procrastinating the investment then there must be some that is not right with them at the moment because if someone wants to invest in Bitcoin and he is postponing it at all time then everything is not well him and Bitcoin investment needs peace of mind. And if you don't have peace of them you will not have that patient to wait for the long term goal.
And probably they are using this period to plan and do their work well before investing it it.
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Na true talk be dat, nothing dey hide in the internet and everything we dey delete deh go somewhere dey store demselves. And as for warning be say make we be careful for di data we dey submit for online, I don't think we go fit do because we upload different information in di internet. Mostly in di social media and what of di applications we dey submit everytime, all those one na di data we dey give out to di internet so na only pray and God nai go save human beings in the Earth.
There is no place to hide in the net.
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Good, it's insane what these ordinals are doing to the bitcoin network. I was never really a fan of the idea of adding something like this to bitcoin. I always thought that smart contracts were better suited for smart contract coins like Ethereum, for example. Perhaps in the future when bitcoin scales better, or they open up another layer or whatever, then it could be a positive, but right now I see it as a much bigger negative than positive.
But I don't think this developers of Bitcoin are doing anything to douse this problem of high transaction fee because it has passed one month when the hike of fee started but nothing has been done to stop this problem but instead these ordinals are doing all there best to stop all the channels which people are using to accelerate the transaction and spam the network. These ordinals are making things unbeatable for Bitcoin users. People have been waiting for this transaction fee to come down so they can withdraw their money but no way because the fee is equivalent to the total amount of Bitcoin in the wallet. I don't blame the ordinals but the developers for allowing the ordinals to come into the network.
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Since it is 3 months already, I want OP to give some updates regarding his investment situation because I don't want to assume that he is now in a huge profit. But the question is if he still holding till now or if he might sell them when the price of Bitcoin reaches $40k last month. Because it was not new to us here and we've been hearing the same stories and sadly, some of them just quit after a few days after investing as they can't bear to see their portfolio dump as the market crisis arises.
We can say it is a good idea for someone to start to invest Bitcoin but the question is how it ends --profiting or losing?
Also curious about it too, did OP add some more or just let the first investment sit on his wallet. How much did he gain from his investment so far? It is good to update the thread for how far he has gone for the investment. But that should be a personal decision, and if he will update the thread for the hodling then we will also know if he is a long term hodler or a short term holder, and really as you said, many people would invest and tell us that they have started the journey and we would not hear anything from them again. And some of them for the fear of losing the funds when the price goes down and sell them off or some sell them off when the price just bump small. It is not bad for op to update his investment status.
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Omen the cashless policy was a deadly one because it came as unexpected way. But upon all those nonsense the former president and the CBN did to Nigerians were cancelled by the present president of the nation. And one di good thing be say most of the things wey di Op mentioned for cashless policy category, di present government e don remove them finished. Di fuel nai kill di whole country to dis level, dis present government has no good economic team to plan well. Before you remove fuel subsidy you have to put things in order to overy all dis challenges wey we dey face like.
Di fuel subsidy cause di inflation and high cost of living in the country.
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