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181  Local / Nigeria (Naija) / Re: Hope yah still accumulating and holding. on: May 09, 2024, 05:47:51 PM
Bitcoin ATH encourage investors to hold unto their asset and keep accumulating when the price is still low.The price of Bitcoin is affected positively after every halving event but it doesn't happen immediately after the halving rather it takes some months.Most investors that were not having the knowledge about the Bitcoin halving and how it works sold their coins all because they expected the price to increase immediately after the halving event but unfortunately it doesn't work that way, that's why it's good to acquire knowledge on any investment before investing.Even most investors that are enlighten on how the Bitcoin halving works but are not patient enough sold their holdings and might miss out the next bull run season.The benefits of being patient are enormous as people will say(The patient dog eat the fattest bone).The question now shouldn't be when is the next ATH but rather every opportunity you have to accumulate more should be utilized because the more you accumulate the more profit you get during the bull run season.
182  Economy / Gambling discussion / Re: How can we help beginners not to get addicted on: May 08, 2024, 11:02:13 PM
Gambling sites and games are just after their money,they are not ready to know if a person is addicted to gambling like I said earlier they are running their business.
The motive of making profits from gambling can make a person to be addicted to gambling.Gambling is meant for fun and not the other way round,once it's viewed from the wrong angle then it might probably become an addiction.
So if you're a gamble addict is either you go to a therapist to explain to you the basic knowledge of gambling.
183  Other / Beginners & Help / Re: Is it advisable for a beginner to invest in a newly launch project? on: May 08, 2024, 10:41:15 PM
Newly launched projects are totally wrong to invest on because they are just new to the crypto space and they
haven't given any transparency, trustworthy, reliable report like old projects.Majority of these new projects pumping on the crypto space are owned by scammers so in order not to be scammed invest on what you know.But if you feel like taking a risk on investing on newly projects that are launched on the crypto space,you can invest on what you can afford lose.
184  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin is more profitable? on: May 08, 2024, 10:22:19 PM
Bitcoin is the most profitable asset in the crypto market and also reliable and trustworthy.Bitcoin has gain popularity and adoption over the years round the globe and due it's rapid growth and adoption Bitcoin has been said to be the currency of the future.Other coin that couldn't compete in the crypto industry as a result of low liquidity are crashed and burnt but Bitcoin the king of all the decentralized digital currency is still standing firm.
185  Alternate cryptocurrencies / Altcoin Discussion / Re: 5 Coins to buy - good selection? on: May 08, 2024, 10:04:22 PM
Hello guys,

do you think that this is a good crypto selection to invest 5k €, 1k each?

- Render (RNDR)
- Moonbeam (GLMR)
- NEAR Protocol
- Solana
- Shiba Inu

Im especially interested in your opinion in RNDR


And do you think it’s better to invest in those 5 coins mentioned above than putting all 5k into just near, shiba and glmr?


You've carried out your research and you found out that these coins you mentioned are good to go then you go for them since it's your choice,the only coin you listed on your thread that I'm familiar with is SOLANA and Solana is one of top leading altcoin in the crypto space.And you can as well add BTC and Ethereum to your investment portfolio.
186  Alternate cryptocurrencies / Altcoin Discussion / Re: Are your holdings ready for this altcoinseason? on: May 08, 2024, 09:48:32 PM
Op I can see your new to this space,most memecoins that looks so attractive and has been promising it's enthusiast to give a high return in the long run are ponzi scheme.Don't be deceived by bloggers,those bloggers are paid by memecoins developers to promote their coin that doesn't even rise,once these memecoins developers look for an attractive way to trap newbies they make use of it very well.Invest on Bitcoin because is scam free and offers high return.
187  Bitcoin / Bitcoin Discussion / Re: What is that one reason that motivates you to invest in bitcoin even at ATH ? on: May 08, 2024, 09:13:25 PM
Most investors are motivated to buy due to FOMO during bull season.Investors are always after making huge profit from their investment so they might also buy during new ATH because they have the expectation that the price will continue to increase.
Whatever motivation the sole aim of every investment is making profit.FOMO is not only the reason why most investors are motivated to buy,but those that know that bitcoin will always increase in price after every halving will accumulate regardless because the more you accumulate the more profit you get.
188  Other / Beginners & Help / Re: First buy Bitcoin as a newbie, good way to start. on: May 08, 2024, 08:22:50 PM
Your post looks a bit misleading to newbies,yes we all know it's right to invest on Bitcoin but as for those that doesn't have any knowledge about Bitcoin before investing it's a wrong start.Whatever investment you'd want to get into it's best you acquire knowledge before thinking of taking the next move.Just in the cause of Bitcoin every beginner ought to know that the market is volatile in nature so that if there is a dip in price it wouldn't sound or look strange to the beginner who has the intention of investing in Bitcoin.Acquiring knowledge should be the first start before accumulating,and there is nothing too big or small to accumulate you just have to accumulate with the DCA strategy.
189  Other / Politics & Society / Re: Is politics really necessary? on: May 08, 2024, 07:23:37 PM
Disadvantages of politics:
1. The number of your enemies will increase
Enemies increase in political positions only when the people are not in your support.Most candidates use their powers to win an election and when an election has been won by a candidate that used his/her influence the hatred by the masses increase since the election wasn't free and fair.
2. It will be a waste of money.
3. Your time will be wasted.
I won't call politics a waste of time because it's a game that every political candidate knows before participating in it.Winners of politic position will you call it a waste of money every candidate knows that it's either your winning or losing the game.
4. You may have the possibility of death.
That's the risk of playing politics your life will be at stake by haters,so before going in politics your security should be tight.
190  Other / Beginners & Help / Re: Prepare Your Children For Bitcoin Investment and Not for Government Jobs. on: May 08, 2024, 02:54:18 PM
Op your points are valid.Preparing your children for Bitcoin investment is really something that speaks for the future since government jobs are not certain and cannot be trusted in the future.Children are unique when it comes to choice,most children might pick up the interest of investing on bitcoin while some might not,since Bitcoin investment is not the only alternative to be prosperous in the future,there are skills and online job to acquire.Its best you train your children to explore on different areas of life and not relying on job opportunity from governments because the government might fail.
191  Other / Beginners & Help / Re: Make reading a habit on: May 08, 2024, 02:21:39 PM
For you to grow as a newbie on the forum reading and active participation is the only key.Reading Bitcoin and crypto related threads from top rank members on the forum will broaden your knowledge on Bitcoin and cryptos.In everything we do aside on this forum reading is very much important because we read to know and reading also creates awareness.
This forum has enhanced my reading skill,before now I wasn't the reading type but ever since I joined the forum my reading skill/speed has improved.The forum has made me cultivate the habit of reading.
192  Local / Politics and society (Naija) / Re: Easy to say but hard to make it real in the future. on: May 07, 2024, 11:06:30 PM
Op wetin you do dey right,I no fit get moni con go borrow moni,things are not done that way.The thing be say if u wan go into any investment bitcoin to be precise,first make sure you dey financial stable or even if you no dey financial make sure you dey receive cash flow from other source of income in order not to intrude your investment goals.Those people wey dey hold for 5-6 years they were prepared.But since you say you make profit of $25k it's okay because the sole aim of every investment na to make more profits.
193  Alternate cryptocurrencies / Altcoin Discussion / Re: how long do we think memecoins narrative is going to last ? on: May 07, 2024, 10:28:38 PM
Memecoins are coins that will be hyped always in the cryptocurrency ecosystem.An an investor that is interested on memecoins you just to be careful when dealing with memecoins 90% of memecoins in the crypto space are ponzi scheme.Research should be carried out properly and avoid investing on newly projects in the crypto space.Some memecoins may fall and never rise due to low liquidity.
194  Alternate cryptocurrencies / Altcoin Discussion / Re: what things can do if i hodle for long time crypto on: May 07, 2024, 10:14:02 PM
That is one factor that hinders some investors from investing their coins.Op you don't have to monitor the price of the market all the time because the cyptro price is volatile.Holders are meant to accumulate during the dip and not regretting during the dip season,such regrets during the dip motivates an investor to sell his/her coins.So my advice to all the holders is hold your coin at bearish season,when the bullish season will come it is something every holder will benefit.
195  Economy / Trading Discussion / Re: Why are people getting scared to Trade on: May 07, 2024, 09:55:04 PM
There are many reasons why people get scared to trade their coins.Trading is just like gambling is either you have the chance of winning or losing.Most can't bear the risk attached with trading.The fundamental/technical analysis of trading must be understood, otherwise trading looks like a thug of war for someone that doesn't know the strategy of trading.Since risk tolerance varies among humans,a person that can't bear the risk of losing that much will go for the safer path doesn't have much risk to bear.
196  Economy / Trading Discussion / Re: Day trading or Long term on: May 07, 2024, 09:39:38 PM
Day trading needs more technical analysis to make quick profit on a daily by monitoring the price volatility of the market.
Long term which is also referred to as holding.Holding requires patience and fundamental knowledge on the market.
Trading is more risky compared to holding.Traders are sometimes exposed to losses while investors are not exposed to losses all that because their coins are held for some months and years with the expectation that the price of the coin will offer huge return.
197  Local / Nigeria (Naija) / Re: When is the right time to sell on: May 07, 2024, 09:18:27 PM
As you tok for your thread everybody get their different investment goal meaning say my investment goal dey different from your own.Buh since your dey ask when be the right time to sell,the right time to sell na when you don make more profit from your investment portfolio.Bitcoin market get two season bearish and bullish season, during the bullish season your profit go double times ten,so with the high return in price my dear Bitcoin enthusiast dat time na the right time to reap from your investment or maybe you wan keep am till the next bearish season.
198  Local / Nigeria (Naija) / Re: Most P2P occured on WhatsApp, Telegram and everywhere on the streets on: May 07, 2024, 08:07:55 PM
Crypto: Peer-to-peer trading is worth $500bn in Nigeria – Cryptocurrency expert

The CEO of one of NoOnes who was the former CEO of Paxful, Ray Youssef said so. That crypto trading in Nigeria is 10x more than what is reported which are on centralized exchanges. That most crypto trading takes place on WhatsApp, Telegram, coffee shops and everywhere on the streets.

Speaking on the astronomical P2P transactions on Friday, the NoOnes boss asserted, “Peer-to-peer is probably like a half a trillion dollar business inside Nigeria alone. That’s the truth. Officially, cryptocurrency volume in Nigeria is at $59 billion a year, and that’s just all the official volume of everything that is happening on centralised exchanges that can be tracked on the blockchain. Yeah, let’s say $59bn to $60bn.

That’s a joke; the real volume is ten times more than that. That’s peer-to-peer, and that’s not just volume that has happened.” Youssef added that most of the P2P transactions do not happen on Binance or any other platform but on WhatsApp, Telegram, coffee shops and everywhere on the streets.

I did not know this exchange, NoOnes until now. I only know him as the former Paxful CEO. Is this a way to market his exchange or he is telling the truth?

I know some people in my street that do not know how to trade on centralized crypto exchanges. All they need is a bitcoin wallet and a vendor which they can meet on social media or on the street.
The government might delist NGN on all centralized p2p exchanges but there is going to be an excape route for Nigerians to trade but might be quite risky.Platforms like Whatsapp, telegram and so on can be used to trade Bitcoin and other cryptos if mutual trust among members of the platform are solid.
For Nigeria to be one of the top leading countries promoting the use of Bitcoin and other cryptos transactions, alternatives will definitely come from enthusiast.The things is if the government happens to delist NGN on all p2p exchanges and other platform are used to continue trading, please know your vendor as we all know that any transaction made cannot be reversed so we should be mindful on how we deal with vendors.
199  Other / Beginners & Help / Re: Reason for acquiring bitcoins. on: May 07, 2024, 06:32:48 PM
There are different reasons why people acquire bitcoin in respect to everyone's decision,but the sole aim of acquiring Bitcoin is to make more bitcoin in the long run.
Most people want to prioritize their financial freedom that's why they acquire bitcoin.Financial freedom is the goal for being free from centralized authorities,a state where you become your own bank.
Payment are digitalized so a person can decide to acquire bitcoin to sort out bills&payment online.
In summary bitcoin is a store of value that it's price is appreciated in the long term,so it can be acquired for future investment and financial growth.
200  Other / Beginners & Help / Re: Patience is power on: May 07, 2024, 05:36:23 PM
Indeed patience is power and it is pretty much needed in the crypto space.This forum will best educate every cyptro enthusiast on making the right decisions.Ever since I came into this space I've reading several posts of high rank members on investing rather than trading.Trading is more risky and investing has less risk compared to trading.Trading is not for everyone,you know quite well to yourself that you can't bear the risk of losses in trading,it's best you invest your coin that has little but no risk.The only risk I would say in investing is when the price decreases (bearish), that's why patience and fundamental knowledge should be acquired before you think of investing.
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