Bitcoin Forum
June 22, 2024, 11:38:11 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2]
21  Bitcoin / Bitcoin Discussion / Re: Must you lose before you gain in Bitcoin investment? on: February 07, 2024, 04:20:12 AM
Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin.
If you are a beginner and you don’t have much knowledge about bitcoin investment, then when you are trying to learn, you will have to lose first, you can’t just start what you don’t know about, and you think you won’t be losing even if it’s a little amount of money, so when you are about to start investment, you should have it in mind that losses will set in, but it should serve as motivation to you, that shouldn’t affect you.

If it’s how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it.
Bitcoin investment is not how much you invest, it’s how long you can hold. You might decide to invest as low as $10, and hold for like 5-10 years, you might be making the same amount with someone that invested $100 and hold for just 1 year. Just imagine you invest $10 or $5 in bitcoin and you have been holding since bitcoin was created, just think about the amount you will be holding right now, so even if you have small amount to invest, just hold.
22  Economy / Economics / Re: A course worth studying ? on: February 07, 2024, 04:08:10 AM
So, I watched a video recently where the guest speaker said, that if he gets the opportunity to advise teens in high school he would tell them not to study economics, and it made me scared because I'm studying economics. So, it was like... ' Did I make the wrong choice or something? '. Moving further in the video, I realized that what he was saying and explaining had already been said by my economics lecturer before.
Why did you have to think that you made the wrong choice, I don’t know what the person that made the video thinks that made him say studying economics is a waste of time, I won’t say studying any course is a waste of time, every course is having advantages, because other people doesn’t see the use, those not mean it doesn’t have use, so don’t have to be scared or feel bad, just focus on your study, have seen many videos online that criticize some certain courses, but I just see it’s their opinion, and some of those people make those videos just because they are looking for content to post on their social medias.
23  Economy / Economics / Re: Save while young better than wait on: February 07, 2024, 03:58:09 AM
A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.
Before you start leaving a fancy life when you are young, you should just invest the money you will be using to purchase all those fancy thing’s which you will be buying, their are something which you don’t need at a young age, instead of buying all those things, it’s better to think about the future, just invest the money, or start a business with the money, which will serve as alternative source of income, and we should know that no amount is too low when making investments. If you are not reach at your young age, then make sure you don’t die poor, that’s how things are suppose to be. Just imagine you are old, you can’t really work for yourself and you are still poor, that’s really a bad one.

If you are having a good job, make sure you invest, and don’t even depend on one source of income for survival, it’s not really making sense, what if anything happens to your source of income, when how will you be able to survive, but if you have multiple source, then if one closes, then others will be available.
24  Economy / Economics / Re: Small Scale Business Ideas on: November 01, 2023, 07:30:39 PM
Youll start by saving or taking a loan for capital, but it is preferable that you save and while saving youll be conducting your own feasibility study to check if your business will be good in that area. Planning is crucial to making sure that your business will be successful.

Food business is really what I have been planning because I have noticed that in my area there are only a few food establishments and I would say that food is not good so having a good quality small restaurant is better both to sell food and to have dine-in customers. It is just a simple restaurant so my capital is small and later on if it is good I will just renovate it to be bigger.
The majority of companies that I am aware of either go completely debt-ridden or have savings that are supplemented with loans. In either case, generating financing for a firm involves a substantial initial investment. Everyone is aware of the risks involved in launching a business, therefore if the venture is funded by a loan, the investor should take appropriate action before circumstances begin to negatively impact the firm and make repayment impossible.

If the investor does not have proper planning then he his inviting the devil to his doorstep, the outcome won't be nice because once there is challenges a social or smart entrepreneur should be able to provide quick solutions to does challenges. And starting a food business is good and its a business that always have high demand because people must eat and since your analysis are done already even the location its a job well done and starting a food business does cost must for starting.


Your plan to open a small restaurant is a good one, and I think you will make a lot of money there if you serve delicious food that will entice customers to leave their current location and visit your shop. However, before you plan to open a restaurant, you should also consider the type of area you want to use because if it's not a good area or somewhere people will want to visit, your market won't look the way you want it to. You can start a number of businesses to generate income and begin investing in bitcoin for future use. For example, you can sell building supplies and clothing items that are necessary for someone to decorate their room. I have seen a lot of people in this industry, and they consistently turn a healthy profit.

However, occasionally even businesses succeed, but this is largely dependent on how seriously you take the business. For example, some businesses will always lose money every day if their owners don't take care of themselves and act humble. Even small profits won't come from these kinds of ventures. Many people start small and go on to become successful business owners today because they know how to manage their businesses. Therefore, I would advise anyone who want to launch a business to make sure they are prepared to assume some risk and to treat business seriously, since it is always a serious endeavour.
From the local observations that have done and have seen people into restaurant business make good money and packaging of your food the environment to might just be what the person needs, everything about business is strategy, once you have your plans and it goes well then your business is good to go. Any kind of business that has to do with consumption always bring good profit.

The seriousness of every business actually matters, any reckless move will cost you. And adding to the advice you gave is better to go for a business you can also and manage well, start on a small scale and understand the business well before upgrading.
25  Local / Off-topic (Naija) / Re: Why do people think is a mistake to be Nigeria?? on: October 23, 2023, 12:55:00 PM
Yes some how I agree with them because a lot is going wrong in the country
This is Nigeria were you see animals eat money, Nigeria is a place people do a lot of things bad roads and corruption has taking all over, but still on still as the matter be we all still dey believe on change of the country, come wetin u think?? u don ever think am
People done too suffer, this matter they vex oh because the level of poverty they increase every day and the challenges of people they increase and what annoys me the most na the fact say people they endure am and have refused to talk to me if this things continues like this they will end up shutting the country down, make we clear our self because this exploitation is becoming to much from does big belle people.
26  Alternate cryptocurrencies / Altcoin Discussion / Re: Sweat coin. Is this real? on: October 03, 2023, 09:48:15 PM
In this case i simply said that in the airdrop many opportunities are coming daily but  its not gurrenty every airdrop must airdrop many projects are that type people work hard but they can't pay i think sweat coin in the strt they give sweat coin to there users but in this time i have no idea they still work are not.
Is this project not dead? People I know were even mining the coin then, they will convert the numbers of footstep which you take into coin, but I haven’t heard anything about the coin for some months now, I don’t know if the coin is still in existence or not, but in every airdrop, I always sense scam in it, so be careful when participating in airdrops.
27  Local / Nigeria (Naija) / Re: Youths Becoming Reluctant to Marry on: August 26, 2023, 10:15:29 PM
Dangote Group: This group wan become Dangote first before them marry. You see this set, unless we plan for them, find one woman force her on them, them ready to reach 45 before them marry.  We know say money dey important for marriage but they no dey pursue money finish.

As you put dix one funny me oh op, but you know say something they wey becsay you suppose understand as e be now ahd the way the country they go e no easy for everybody person they struggle to chop and na only him dey leave for now, if him con go carry people pikin out for house wetin you dey thing e no go better oh.

Because everything wey your wife need na you go give am, Toh you con dey struggle to chop food and your wife they bring another mata how you go feel and work no dey wey you go geh money. So everything na plan bro make we just pray for better time Sha if not e no easy.
28  Alternate cryptocurrencies / Altcoin Discussion / Re: Durning bull market we will received many good bounty? on: July 16, 2023, 12:40:09 PM
The bounty time almost death now so if bull market will coming then we can received lot of good bounty!
There are no good bountys available to earn money right now. So what's your target? When we will received good bounty?
Before we can expect any good bounty till bull run starts, but currently most of the bounty’s you will see now will end up being a scam project or the amount that will be paid to you won’t really worth it, so it’s better we wait till bull run maybe we will start seeing good bounty’s.
29  Bitcoin / Bitcoin Technical Support / How often does mempool get manipulated with transactions. on: April 01, 2023, 08:12:05 PM
Some days ago, I tried to send bitcoin from my wallet to another wallet, I used the recommended sats blue wallet suggested but I was surprised my transaction didn't verify and when I check the mempool, the fee was around that range but all of a sudden it began to rise and my transactions was stuck for hours before dropping.

My question is.
1. Does mempool get manipulated by people who do large transaction and pay high fees to get ahead of lower fees?
2. Does Mempool get manipulated if you own a node or a mining pool?
30  Local / Nigeria (Naija) / We should be careful about fake Telegram and WhatsApp trading signal providers. on: March 30, 2023, 02:38:11 PM
The market is gradually turning green as the price of bitcoin is rising. I noticed that I've been added to a few Telegram groups that are offering trading signals, but I think we should all be careful to avoid falling for any of these scams. Now that the market is turning green, even newcomers to cryptocurrency will start providing trading signals even when majority of them don't even understand cryptocurrency.
Some will even demand for payment before you are even added to their group. I know that many newcomers to cryptocurrency in Nigeria don’t have knowledge about bitcoin and cryptocurrency in general they are merely after money and thats why they always end up searching for trading signals. We should all avoid individuals who provide trading signals because, from what I've seen, they frequently use that strategy to scam people.

If you want to trade, make sure you learn how to conduct analysis and perfect your trading strategy.
31  Bitcoin / Bitcoin Discussion / Re: Going to Bitcoin events on: March 30, 2023, 10:46:27 AM
Going to bitcoin, crypto, blockchain events benefits us in anyway ?
I am something biased at this because of internet sayings, biased in positive side that they are very benefiting and worth my time, share your experiences about going to events is good or bad ,
are you gone to any bitcoin events ? and, in which way it helped you, do you learned new things that is very difficult to learn on internet, do you met amazing people, do going to that events worth your time and money.
Attending bitcoin event is a nice ideal, you will atleast meet new people and share ideas, there are some things you will learn at a gathering that you will never come across online, it’s better you meet new people and you guys should share ideas, have attended different bitcoin gathering and to be honest have learnt so many things from the gathering so I do encourage people to attend all those event if they are opportune to attend.
32  Local / Off-topic (Naija) / Re: Is Yahoo(Street)the last hope of a common man? on: March 30, 2023, 07:57:15 AM
The way e dey for we country now,e be like most persons wey no get hope again for life don turn attention to fraud,known as street,and because the thing dey pay,majority of persons wey no been pick interest from the beginning don dey pick interest now.Oibo people don know us say anytin we wan do,we dey doam well.But the most amazing thing about the stuff be say most of those people wey been don almost dey give up on life,and dem later go embrace yahoo as the huzzle,God no shame dem,e come dey like say na dem dey live well pass.
Abeg make una help me put mouth for this matter.
Na d last hope of a common man be that?or e get any other thing wey dem fit do,we go make dem dey alright like the way Yahoo dey do?
Make I dey honest with you, seriously yahoo no be option, if you dey reason say life hard for you, people dey wey life hard for pass you and they are not into fraud, no matter what you are going through, fraud shouldn’t be an option, most of the people into scam are always using they don’t have option as excuse which is wrong, most of them joined yahoo due to pear pressure, they want to buy big cars, buy latest phones, go to best clubs, buy latest clothes. Most of the yahoo boys on street don’t really do anything reasonable with money, they want to leave the kind of life their friends are living that’s why if some of them notice that fraud is not really paying the way they want, they always end up doing money ritual.
33  Bitcoin / Bitcoin Discussion / Re: Do you feel bad while paying with BTC? on: March 29, 2023, 12:02:12 AM
Things are completely different now because Bitcoin have very large market cap comparable to the past when the guy bought pizza for Bitcoin, you can be sure that this will not happen again for you because Bitcoin price will not move the same way it moved from 2009 to now, so you must be comfortable while paying in btc in my opinion, nothing wrong with this
I don’t know how sure are you that bitcoin price will not move the same way it moves in previous years? To be honest with you, am still expecting bitcoin to perform well more than the previous years because bitcoin adoption increasing daily, more people are getting to know about bitcoin and they are investing in bitcoin, because bitcoin price is down now those not mean bitcoin won’t pump again, let’s just wait for bull run to start and see, I can’t even image what bitcoin price will be in the next 10 years, but we should  all spend our bitcoin whenever we know we can spend it, that will still help in bitcoin adoption and enlightenment.
34  Other / Beginners & Help / Re: My Bitcoin Advice for newbies on: March 28, 2023, 11:49:23 PM
1: First newbies, please don't be deceived, bitcoin is not a
    get rice scheme and at that the real riches of Bitcoin is
    I'm your knowledge and not the amount you are aiming
    to accumulate over time, so you may have the capital to
    buy Bitcoin but if you don't have the right knowledge you
    can still lose everything, you can see that from the
    experience of those who stored their Bitcoin on
    exchanges such as FTX and the rest of the other crashed
    exchanges.
Beginning nowadays have wrong mentality about bitcoin, the have very poor orientation, they believe if the invest in bitcoin they are already rich which is not like that, if you are not ready to take risk by holding, then you are not ready to make money from bitcoin, nobody that’s into cryptocurrency will ask you to deposit bitcoin and he will be giving your some percentage on a daily basis or weekly basis. Have seen people investing in  Ponzi scheme but they still claim they invested in bitcoin.

2:  Be ready to wait for God know how long, Bitcoin
     shouldn't be taken as an ASAP investment allow time to
     pass give your Bitcoin a long period of time, take your
     lesson from those who bought Bitcoin in the early days
     when Bitcoin price was in the range of cent and $1 and
     locked the Bitcoin away for long and now they call
    whales so they patience paid off give your Bitcoin a long
   time-spacee to mature.
Anyone investing in bitcoin should be ready to hold, if you are looking for fast money, then bitcoin is not for you, we are expecting bull run to start very soon but nobody knows when it will start so we just make up our mind and hold, the current market conditions we are is for buying, and not selling, make sure you use the medium to bag more bitcoin and you will smile in the future whenever you look at your wallet.

3:  Dont hold alternative cryptocurrencies for the long term
     and if you must own them just know you are just
     gambling with your money, because they can go
     from100 to 0, so altcoin is worthless for the long term.
If you are investing in Altcoins, you are taking big risk, we all saw the way lots of people that invested in altcoin lose money in 2022, when you invest in altcoin, the chances of you winning and losing is 50/50, you can easily make good profit and the same way you can easily lose money, so I don’t really encourage people to invest in altcoins, Bitcoin is the safest investment which I believe everyone can make, if you invest in bitcoin, your mind should just be at rest because your investments is save.
Pages: « 1 [2]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!