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21  Local / Off-topic (Naija) / Re: Poverty will reduce if only people can do joint business in Nigeria. on: February 28, 2024, 10:53:41 AM
Without been told na fear and greed na em be the main cause why peso no fit do joint business with em follow human being. No be sae peso no know wetin em go do with em brothers or sisters to escape poverty life in a way.

Peso no go like start up something today, wey be sae in the future em go cause kasala give em follow being on who owns the lion share or not. To avoid such a thing from happening in the future, em better make peso run em thing on em own on a low to avoid unnecessary drama that will threaten ones life and that of em family because of money.

Nothing sweet pass rest of mind when you know sae you no d owe peso or drag any business profits with peso. You sleep and wake up knowing that whether profits or no profit, you and your family is good with it.

The world wey we live today, brother d kill em brother because of money matter. Nobody is to be trusted when it comes to money relating matters. To stay safe with your family no bring joint business idea give peso because as em start in the beginning no be so in the day in the long run.
Yeah and I will just  like to add the word "trust" because  most of your statement goes along with the word trust .

There can never be trust in a joint business because you can't  know the mind of others  towards you so trust could be accountable for reasoned why people don't do joint business
22  Other / Beginners & Help / Re: Vbyte on: February 27, 2024, 12:59:55 PM
If you use wallet like Electrum, you will be able to know the virtual size of the transaction before broadcasting the transaction.



I don't know how I can put this but I need to make it short
How is vbyte calculated??
How do I know the particular vbytes I'm sending my coins without actually sending it just calculation on how it works gathering a lot of knowledge to start holding, don't wanna be late for the party Smiley

Follow the procedures made available in the explanations giving through the provided links above, know that this is when you take it a responsibility in making the calculations by yourself all these are needed, the moment you're about to make a transaction, it will express the rate in vbytes and same equivalent in USD, which you don't have to worry yourself in goin about how to calculate it when it has already been made, you can discover this on the mempool likewise the wallet you're using.
I understand , just making sure I have the knowledge to do that independently
23  Other / Beginners & Help / Vbyte on: February 26, 2024, 08:33:24 PM
I don't know how I can put this but I need to make it short
How is vbyte calculated??
How do I know the particular vbytes I'm sending my coins without actually sending it just calculation on how it works gathering a lot of knowledge to start holding, don't wanna be late for the party Smiley
24  Other / Beginners & Help / Re: Help on "Signet" on: February 25, 2024, 07:00:07 PM
Quoting for visibility:

For Signet, see the Signet Wiki. In short, it's meant for testing (for developers). If you don't know what it is, you probably don't need it.
Thanks for the quoting
I went through the link and saw it's more like testnet but I heard devs use testnet too I couldn't figure out the major difference though but I might dive into some dev as I have little knowledge in coding maybe it will be a future challenge to learn more about how Bitcoin works .
What you should know about is the mainnet and using testnet for practice to know how bitcoin wallet and how bitcoin transactions are.
That reminds me I need to test an electrum wallet using tested could you provide me some working faucets, also when I'm done can I trace it using the mempool testnet because I've never done it before

The signet is called signature network in full its is more like an advanced form of the testnet although they are similar, think of it more like an advanced fork of the testnet for developers to test some features without actually staking really Bitcoins.

Yeah still more of testnet to me that's what I'm try to figure out
25  Other / Beginners & Help / Help on "Signet" on: February 25, 2024, 05:01:34 PM
I'm  a newbie though with little knowledge (basic knowledge) about crypto.
Recently I've been try to expand   my knowledge in BTC among which I checked out mempool, I came across  the word "signet" and I'm a little  bit confused on it function


The first comment should help with the img to help others from going through the link to view the img
26  Economy / Speculation / Re: Buy the DIP, and HODL! on: February 25, 2024, 03:44:47 PM


But if I had held the cars longer did less restaurants.

I would have more coins 🪙.


Maybe but you need to enjoy it while you still have the ability to do that   Smiley
Quote
The younger you are hodl hodl hodl hodl is far more important .
This is a bold one, really motivated me
27  Economy / Speculation / Re: Buy the DIP, and HODL! on: February 25, 2024, 10:11:38 AM

DCA can be a valuable strategy for investors looking to build wealth with Bitcoin or other volatile assets regardless of their level of experience or the size of their capital. Its a simple yet effective approach that aligns with the principles of disciplined, long-term investing. DCA encourages a long term perspective on investing.This can be particularly beneficial for new investors who may be intimidated by market volatility.Instead of needing a large lump sum to invest individuals can start with smaller amounts and gradually build their position over time. DCA helps mitigate the risk of investing a large sum of money at an inopportune time.
Yeah it's true but  did you really went through my comment Roll Eyes
28  Economy / Speculation / Re: Buy the DIP, and HODL! on: February 25, 2024, 09:58:21 AM

The DCA strategy is not mainly for the poor or people with insufficient funds; the DCA strategy is for both the poor and rich guys.

Dude! that seem a little bit controversial, you could have use the word "no class" instead  but the point was made though.


The situation in our environment will have a strange impact when we suddenly have great wealth because the investment we make in Bitcoin will never be known by the people in the circle where we live. Well, as you said, of course it is true that many Bitcoins will disappear from circulation because their owners die. I imagine that in the next 30 years Bitcoin circulation will certainly become thinner due to many reasons. Even though that is my assumption, for now it is true that if they don't pass on the private key to their family then there is no way for their family to own their BTC.
I partially disagree with you that most of the bitcoins that would be out of circulation would be as a result of the demise of some holders of bitcoin. There are thousands of people holding bitcoin, and no one is foolish enough to think that he would not have any preparation for securing his bitcoin for his heirs to inherit. At least not in this era, so many solutions have been brought to harness this situation of losing funds after the death of someone. Many bitcoin wallets have been dormant but were later considered to be lost. Yet after ten years, we would see a transaction taking place in that wallet. How come? Maybe someone found out the lost or hidden key phrase.

In the future one main thing that will reduce circulation is mass adoption and holding long encouragement. Imagine if 25% of the global circulation buys bitcoin; there will not be enough to circulate if this set of people and the previous investors hold their coins for 10 years or more. There will be a very high demand for bitcoin but no one will accept to selK. This will cause to the increase in value.
Yeah you might quite disagree but you should understand  that those demised are also holders which will definitely  be holding forever so in one way they will still contribute  to the scarcity.

When a wallet seem dormant on Exch. Wal. what do you expect a free give out or lock out ...... and you should know that people don't make plans like that because of trust issue in human nature  until last  minutes , it good to make plans generally maybe behind their back  but exposing it to them sooner how are you sure they won't fuck it up early??and that why lost wallets kept on increasing  over the years.
Nothing  is easy but it's good to make plan though!


29  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2024, 06:20:19 PM
Written word for word :
2019 - CNBC host says it is "crazy" for Tom Lee to advise people put 1-2% of their assets into #Bitcoin    when the price was only $5,000  😮

Src:
https://twitter.com/BitcoinNewsCom/status/1761444540920000703?t=fbXPQEQmHfjw6THOUZik2Q&s=19

I couldn't get the video up here though I would have done that  Smiley

Here's is what I trying to understand

How rational were  we and what's was our suggestion at that $5000 point
Yeah no doubt  I'm throwing it to the holders, maybe everyone quire in the game since then....
30  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2024, 02:21:47 AM
It high time we star doing crazy  things for BTC
Like this:


Sorry I had to take you through the link Tongue


Quoted for image.. and yeah that image is likely at least a few years old.
Thanks for that !

I've never saw something like that I was going through some btc videos and I had to pick the perfect spot out because I was so amazed by the level he took it too
31  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2024, 02:02:25 AM
It high time we star doing crazy  things for BTC
Like this:


Sorry I had to take you through the link Tongue
32  Other / Beginners & Help / Re: Why it's wrong to save vital information on your phone. on: January 26, 2024, 06:13:52 PM
It's really wrong to save vital information on your phone such as;
 * Login password on your browser or on your mobile apps: have you ever imagined if your phone got stolen or lost and it fell into the wrong hands, and how disastrous it might be to you? It's a very wrong move which should be avoided by all cost

* saving your Secret phase on your phone: if you are ever concerned about your on security, then this one should be avoided by all means, because it's just like when you save you login banking details on your phone, in such senario, if your phone is being compromised and it fell into the wrong hand, then you will surely pay dearly for your actions.

I would suggest that we save all our important information in writing in our jotter or dairy, because a written than words is always longer than the memory.
Apart from these y do you think your sim requires KYC verification Huh Obviously  it's  to dive into our private affairs (especially internert and phone related)whenever the need arise and this could be abuse by any expert in the system , that's y we should always take perfect care of our secrets and sensitive  informations.

Thus, We should completely avoid saving datas on Gmail it's  very easy to attack as we subscribe to thousands of  News letters  over the years, making us more vulnerable  to attacks mostly phishing
33  Local / Nigeria (Naija) / Re: Could there be a reversal on: January 26, 2024, 05:50:25 PM
Yes! Thanks I appreciate you @promise444c5
34  Local / Nigeria (Naija) / Could there be a reversal on: January 26, 2024, 05:36:09 PM
 I've  been reading  a lot of books based on candle stick chart, this might seem odd a little  but I feel there're seniors who could easily read comprehend .
Although  I'm still a newbie but I'm trying my best to improve my self, I felt I should bring this to the LB as its should also help others from the board through  discussion.

Here's the catch, I saw a hammer forming just of recent on the bitcoin  chart could this be a reversal or just a manipulation
 


I don't  if I'm  upto rank of posting img but If it  doesn't  someone  could help snipping  it or quoting it here
35  Local / Nigeria (Naija) / Re: Board selection as a newbie on: December 31, 2023, 08:25:54 PM
Firstly, I'm asking this because I tried checking the altcoin section but all I could see Is bounty hunters because I read alot about this forum within the time I registered.

Thus I saw that some  Newbies grew alot in just a short period of time with just few posts, although th LB ratio  of these people that I have seen so far although I can't  be sure but  most of them that I've seen are out of  LB  however, in the localboard Newbies rank up to member rank easily, among others that I've seen though  but I knew some ranking up above member rank with LB as a result of quality post . So I was a little bit confused but now I think I should  stick  around more with LB.... and I don't think I will be trying Altcoin with all I've seen  and from the comments I've see

Thank you all I'm appreciative
36  Local / Nigeria (Naija) / Board selection as a newbie on: December 30, 2023, 02:47:46 PM
My post isn't a long one actually but I really want to know the Board to stick with as a newbie which will help me to grow my account and Knowledge also, I believe other Newbies Can gain from it.
37  Local / Nigeria (Naija) / Re: Newbies that seizes to learn and acting professional on: November 07, 2023, 09:23:21 AM
seriously i believe no one will say the exact word because , almost everyone is here to make some doughs lol Tongue but it baffles me if we all have to play dumb n our replies we know the main reason why shit post are plenty, haste to get merits and everyone seem to look forward to getting it quickly but we all know the story, which isn't strictly held in LB  thus, giving it a higher percentage and the fear of getting banned outside the LB grows  .

Now tell me among all your comments, who isn't writing to play for merit even with the comments here  Roll Eyes, we even give false words and hope just to play along , made up words Tongue .

it's fine though, but amongst all we need this : learning, patience and all sort positive ideas just give tips though in my opinion not this.

38  Local / Nigeria (Naija) / Re: Bitcoin price speculation (BTC/NGN) on: November 03, 2023, 06:12:26 PM
I don't know if anybody is noticing what is happening in the exchange rate of dollar to Naira, omo dollar don dey depreciate back to the former price if you can observe it, and naira is gaming back its value. I just did my calculation based on Binance price and dollar is 806 Naira as I am writing this thread, because bitcoin is 274 743 703 Naira now. At two weeks ago,we knew that it was above 1150 but gradually it is appreciating and nobody knows for how much it will appreciate to.

 Does this means that the promise that Tinubu said about making things very high before the economy will be balanced, because I could remember that he said that dollar will depreciate over Naira with time. One thing that I haven't observed yet is the cost of commodities, the prices are still high and getting higher, is it that the dollar depreciation over Naira is not suppose to bring down the price of things now, or will it be a gradual process, or is it that Naira can appreciate over dollar,but the cost of commodities will never be brought low because of greed ? This means that the new administration is working on making the dollar loss value over Naira. Can anyone tell what is the cost of this new change in price of dollar and Naira

we all know the game behind Naira  i read it in news that CBN fun around billion of Naira to Forex and now we have a upper hand i just hope it last .However, lets be on alert incase there want to be any rise :: exchanges to dollar should be done with immediate effect => a new rich strategy to apply   Cheesy . Update!!! Grin
39  Bitcoin / Bitcoin Technical Support / Re: mempool on: November 03, 2023, 06:05:38 PM
with my little knowledge, I'm new too but i believe what you are saying is  your transaction haven't been confirmed ,
Read OP again, he said Explorer is showing 165 confirmations which means the TX confirmed a long time ago and the number will increase forever so if that is what OP meant as not confirmed then he needs to understand the concept of confirmation.

If the balance doesn't show up even after the confirmed TX then the exchange might have an issue and can be resolved if the support analyses what is wrong there.

ohh i get it now the transaction has been sucessfuly broadcasted already 165 times. Op is the issue still persistence or resolved
40  Local / Nigeria (Naija) / Re: Bitcoin dependants on: November 03, 2023, 05:54:29 PM
thank you guys i will surely take note of this

Welcome to the board mate Smiley and I believe are taking the advice give as mate have said , go through the forum rule and regulations so as to avoid plagiarism and spamming.

Some links you might want to go through are:

Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
https://bitcointalk.org/index.php?topic=703657.0

posting etiquettes
https://bitcointalk.org/index.php?topic=5184741.0#post_altgiveaway

Among others I could fetch though you can always browse  for more

Back to the question,  Bitcoin might have gained  popularity from tokens and all sort but I still believe in it firm state coming  to what if there were no tokens,  actually no one can give a certain point or answer  as everything is based on assumptions.

However,  in my opinion  I believe  BTC might have a little it high volatility since its just the one and it's  popularity might not be to this extent.
Thanks for the links i will surelly check them out as well as avoid spamming and plagiarism  , i appreciate your reply too
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