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May 25, 2024, 07:15:40 AM *
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21  Economy / Trading Discussion / Re: If all your wages were paid in USDT, would you accept it? on: May 13, 2024, 10:54:23 PM
I don't trust USDT neight any other currency apart from bitcoin and if was paid with usdt the only thing i would do is to convert or trade to bitcoin to enable me trust the asset that I am holding, most times these currencies that is tied under United State Dollar could have the tendency to decouple or depegged whereby you would lose your entire asset.
When it comes to cryptocurrency, nothing is an absolute and that's why we shouldn't put all our eggs in one basket. I'm concerned too, from the way things are going with regulations and various nations breathing down hard on cryptos that at some point these nations may float their own stablecoins. That will cause a strong rivalry with already existing ones. Regulations also can force stablecoins to depeg and that would be chaotic in the market. This is more likely to happen than not happen.
22  Economy / Economics / Re: Money is all wealth? on: May 13, 2024, 08:54:25 PM
Health is wealth, not money. Go to the hospitals and see sick wealthy people who've bags of money and would give them in exchange for their health but to no avail.

But if a poor person and a rich person have the same incurable disease, who do you think has a better chance of survival and who will the hospital treat first? So don't deny the role of money in buying health and maintaining our health.
Don't miss the context of my post. I never said it's a bad thing to have money. I emphasized a known fact that health is wealth, not money. Again, you asked who would be treated first between rich and poor patients of the same incurable disease or who has a better chance of survival. Well, I think in a sane society both would be treated fairly the same provided they can show evidence of health insurance. It's only in the underdeveloped nations that preference comes in. Besides, if both have incurable diseases they're eventually going to die from it. It doesn't matter if they got preferable treatment or not.

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Are you married and what do you think happiness is? I have a family and 2 children, and I am also taking care of my elderly parents and grandmother.
Yes, I'm married and I've more than two children. My first son is even eager to come into this crypto space and learn all the trading around it. I understand the picture you painted there with the dependency thing. Those who are family oriented like you and I do pass through all that. However, all those things you painted there can be taken care of by money because they're tangible. Happiness is an abstract thing. It's a feeling, not tangible and can't be classified as an achievement. Those things you painted there are tangible stuff and achievement. I hope you got my drift now.

In closing, why do you think people who've money, nice jobs and are well to do, still commit suicide?
23  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance launches Notcoin (NOT) on launchpool. on: May 13, 2024, 08:28:21 PM
~snipped~
If the developer allows this to happen it will damage the market price. However, if the developer implements a vesting system then the market price will remain safe and if it collapses it will not be too fast.
I'm sure there are stuff in place to discourage massive dumping. The project knows that and that's why there's provision for staking for for it. I won't be surprised if there's a mechanism in place for token burning too to reduce supply. The Notcoin team won't spend all it has done just to allow airdroppers spoil the party for them. This I know for sure.
24  Economy / Exchanges / Re: Canada fines binance $4.38mln for money laundering violations? on: May 13, 2024, 05:29:40 PM
This news is coming late. The way things are I don't think there's much any FUDding news can do to crash the market. I'm not saying Binance shouldn't be accountable to the environment it does its business but why should this be coming after Binance left that country? Anyway, since the US fined Binance and got something from it, it's not rocket science that many others will want to try their luck. Nobody who doesn't like free money. By the way, why is the searchlight on Binance while other exchanges are seemingly off the radar?
25  Economy / Economics / Re: Money is all wealth? on: May 13, 2024, 02:42:03 PM
Health is wealth, not money. Go to the hospitals and see sick wealthy people who've bags of money and would give them in exchange for their health but to no avail.


There is a saying that many people say, money can never buy you happiness but to me this is the funniest saying. Because without money you can never get all the things you want for happiness. In every case in this world you must depend on money to survive.
Yes, money can't buy happiness. I'm of that opinion and have slightly explained it above. Only those who haven't made money think money is all and all. Yes, I agree it's necessary to have money because it takes care of man's primary needs of shelter, clothing and food. Those are absolute but that doesn't translate to happiness.
26  Economy / Speculation / Re: What is going to happen with Bitcoin now? on: May 13, 2024, 01:24:39 PM
in my experience, the halving effect sometimes occurs one year after the halving occurs, and it could happen in 2025. I am quite sure that the halving effect will push the price of bitcoin much higher, even beyond the ATH it had reached before the halving occurred. However, the potential for bitcoin prices to reach $100k is still very large. If the price still doesn't rise, I think this is still an opportunity for us to increase the investment we currently have.
I think the market is doing excellently well as it's now even though many think price is down. To be honest, I expected that price would dip to the low $50k region. Well, it's still not over on that yet. It could relapse to that level, we never can conclude yet that it won't because there's a correction to that side. Your observation of a new ATH coming around a year after halving isn't far from the truth. For those who expect immediate spike and continuous rise in price after halving, it doesn't work that way.
27  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance launches Notcoin (NOT) on launchpool. on: May 13, 2024, 11:29:22 AM
Telegram won this time and I think the other projects will start to see the possible collaboration with them.
It did. Actually, I became serious with Notcoin tapping when I read that the dude who runs Telegram had a hand in it and the killer punch came when I realized Notcoin was a reverse of Toncoin and the project linked most of its stuff through Ton chain and could be owned by same team. I guess that was what energized many too into it.

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If this becomes a success after the listing date on major exchanges, then for sure that this type of project will start to come out through Telegram and that's going to drive them more sales.
That's true. Everybody watches and waits for the guy in front to get it right or wrong and then know what next steps to take. It's the same thing we see with the preponderance of Tap2Earn projects now.

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38k multiplied to the possible listing price of $0.009 = $300 if it stays there.
I want to believe it will even dump lower than that if it actually lists at $0.02 that we see being paraded now. However, I'm of the opinion that price will rally up sooner than later. For those who intend to dump, they should know what could be in stock so they don't dump and regret not getting in back.
28  Economy / Trading Discussion / Re: Trading psychology and TA on: May 13, 2024, 08:48:05 AM
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades
Those who don't believe in trading psychology are the same with those who think they can trade without Stop Loss (SL), it doesn't matter how a trader's winning rate is. It's just a matter of time before they got burnt. Back to psychology in trading, whether one is a fundamental or technical trader doesn't matter. Every trader needs to master their psychology to be able to profit from the market. Otherwise, they will be messed up by the market once they get hit by loss and they will lose confidence of the little they even know. Nothing messes a trader up like loss of confidence in their trading strategy or plan. Risk Management/Money Management is benched on trading psychology. It's an important aspect of trading.
29  Economy / Trading Discussion / Re: How can I get into trading on: May 12, 2024, 06:08:29 PM
what are the steps I can take to start and how much of fund do I need to start?.
What wallet is best for me? Can I use meta trader?
The first step is find resource materials online for trading. Read veraciously like your life depends on them. Babypips.com is a good place to source trading materials as a greenhorn. Get hold of different trading platforms (maybe two or three) to demo trade what you've been reading.

Fund/capital shouldn't be the emphasis as you can lose any amount you fund with if you don't have the prerequisite knowledge for trading. Skill set is the major thing and you should do all you can to get that to be successful in trading.

Wallet type or usage depends on what crypto you're trading. Most traders do their stuff on exchanges. There are variety of options on exchanges than on wallets, except you're referring to DApps on wallets.

Meta trader isn't for all tokens. You can use live charts from coin sites. Poocoin or Tabtrader is also available for chart analysis.
30  Other / Beginners & Help / Re: What can we do to make Bitcoin hit $100k on: May 12, 2024, 04:40:45 AM
Is there anything we could do??
There's nothing you or I can do to get the price up, except to make your (our) involvement by buying it no matter how little you (we) think it's. If you do that and I do mine and someone else does theirs, that will help create more awareness and patronage for Bitcoin. That's how the little increment we've had so far came about that drew the attention of whales and market makers to it. However, I don't completely believe in buying to hodl perpetually. It doesn't do much to price. What gives Bitcoin its value is that activity of buying and selling. As for $100k, Bitcoin will zoom past it like a piece of cake this bull run. Just chill.
31  Economy / Trading Discussion / Re: What ways can a trader raise money? on: May 11, 2024, 06:54:19 PM
There is no easier way to lose friends and break up with your girlfriend, how to borrow money from them to trade. And since, given the fact that trading is a high-risk business, it should not be excluded that you will lose the money you have borrowed.
😃 I know that part. I once did that too and that was several years before I got to know of Bitcoin. It was my budding days with Forex trading. What I anticipated after I got the cash wasn't what I saw on the field of play, so to say. You know what they say about people having a strategy they think is the ultimate until they realize what they've is nothing. The long story, short – I lost that capital and had to wait several years before I could repay it. However, while I was unable to pay back I made sure
to frequently remind that friend I knew I was still owing him. It's not good to let money be a friction between friends. We should try as much as we can to avoid anything that will cause such a scenario.
32  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance launches Notcoin (NOT) on launchpool. on: May 11, 2024, 02:42:04 PM
That was cool. I dont know some users hate altcoins...
I believe those who hate altcoins will be those who think that altcoins are trying to replace Bitcoin. No, altcoins aren't. They're in a different world of their own. Truth be told, altcoins involvement in this industry is what has given the industry the robust nature it enjoys till date, not Bitcoin. If not for the chief altcoin – Ethereum, this industry wouldn't have had the lots of alternatives it has and that's good for investment opportunities. Lots of projects came on the ETH chain and then diversified to their own chains to give rise to other projects. Quiet alright, I understand the concern over scam projects for those who condemn alts but then that's what's it's. There's always a Judas among every 12.

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Congrats mate. Hope this could fold 10x than its premarket.
Thanks, and congrats to others too on their commitment to the "probably nothing" while it lasted. I hope the end result in price brings all participants greater joy and reassurance of what airdrops can do.
33  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance launches Notcoin (NOT) on launchpool. on: May 11, 2024, 11:54:46 AM
You can stake BNB and FUSD to farm NOT coins. Tap to earn mining rewards. Listing will happen on 16th and trading will start from 12:00 UTC. Including Binance two other exchanges OKX and Bybit will list NOT coin.
Many more exchanges are on the queue to list this NOT. It's the darling Tap2earn coin now. The ilks of Dotcoin, Tapswap, Yescoin, Dragoncoin, etc which are all tap2earn will have a big challenge to emulate what Notcoin has done. I became serious with the project when I realized it's a reverse of TONcoin and that the owner of Telegram is on it. Even when it fooled us on April 1st by not listing on the said date, I didn't feel disappointed because I knew the project had more to lose if it didn't list eventually. Do we know how much Notcoin has helped boost the revenue of telegram? It has really helped it. The publicity and hype for this project is unbeatable as it's now.

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Those who had mined the coin will be able to claim them on the listing date which is same for other two exchanges.
Claiming started yesterday but for premium telegram users only. Those who aren't premium users will wait till the listing day or a day before it to claim theirs.

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What do you guys think? Will NOT pump after listing or will it get dump?
The expected thing is that those who are going to trade immediately are more likely to escape the usual dump that follows the listing of tokens/coins. However, I think the project will do well on the long run if anyone hodls it.

~snipped~
I did tapped on this and enjoy using it, well the process of acquiring it needs some of your time not that much but not hard too.
Yes, it was as demanding as amusing as it was. Initially, I did all the tapping myself until the kids picked interest and joined in what was fun for them. They would pester me to allow them tap it and others. For those who don't have anyone tapping for them with any of the Tap2earn projects and they think it's going to be time consuming, they can get an auto clicker for it on playstore for Android users. Just install it and allow it tap for you.
34  Other / Beginners & Help / Re: Dips are temporary but Bitcoin is forever. on: May 11, 2024, 09:17:46 AM
There is no better way to put this out here, DIPs are an integral part of Bitcoin that's a function of its volatility that should be embraced in a good way.
Dips aren't just a Bitcoin thing. We also have that in FX trading and Stocks. It's a common feature with trading and that's why we call trading in our local parlance – Up and Down. It goes up but doesn't remain there forever. It comes down but doesn't remain there forever also. I can say that of Bitcoin but not the entire cryptocurrencies. There are some alts that go down and that will be the end of such a project.

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There are so many DIP price you can't buy Bitcoin at but you will always have those Bitcoin you bought during the DIP at an higher worth in the future, cease every opportunity of buying during the DIP, buy as much as you can at the moment cause DIPs are temporary but Bitcoin stays forever.
Don't make it look like if this opportunity at buying low and now is missed there won't be another. There will always be a second chance. No one should take out a loan to invest in Bitcoin or any other alts no matter how unfailingly you think such an investment is.
35  Alternate cryptocurrencies / Altcoin Discussion / Re: Who's responsible for the dead coins? on: May 11, 2024, 07:53:42 AM
So, who's responsible when the Coins dies?
Of course, it's the developer that should be held responsible for the death of their token/coin. Yes, I know there's that negative effect from the activities of dumpers; especially those who get the tokens from airdrops or bounties. It's the duty of devs to know how to cushion that effect and find a way to discourage heavy dumping. It should be done in a way that buyers can also show their strength while paper hands are selling off. Devs should encourage investors to hodl by putting up incentives like staking to earn and other activities. Again, there should be a good token unlock mechanism in percentage that won't be much as to have a lot of tokens released to airdroppers or investors. More importantly, most of the devs are criminals who intentionally would create scam and worthless tokens just to get money from unsuspecting investors. From start, they already know they're not going to develop that project further. It's just a cash out for them, easy money.
36  Local / Off-topic (Naija) / Re: African Proverbs in Pidgin on: May 10, 2024, 11:24:39 PM
Proverb; Mouth wey close flies no go fit enter am...

Meaning; Sometimes it's better to stay quiet.
Na true you talk there wit the fly thing but remember sey owa ancestors dem talk sey mouth wey close nor dey let people sabi im problem so others go help am solve am.


My people my people! Make una nor vex for me sey e tey small as I neva reach here. Na too much aitside activities dey disturb me dis day. I still dey wit una here. No shaking.
37  Bitcoin / Bitcoin Discussion / Re: Share your top mistakes in crypto - learning from others experiences! on: May 10, 2024, 10:14:57 PM
Three important things I've learnt first hand over the years in this industry. The first is never to sell all no matter how ridiculous you think the token will become or how a great ROI you think it has given you. Always leave a moon bag. Yes, take profit but remember to leave some behind. I learnt that in 2018 or so after I sold all my 270 BNB at once with what I thought was a huge profit. I sold around $3 or so.

Secondly, take out your capital once your investment sees profit. Don't be too confident that the market won't later turn against you. This industry is speculative and highly  volatile. Anything can happen at any time. Safeguard yourself by taking out your capital and some profit and then allow the rest roll on in profit.

Thirdly, never borrow funds to invest in cryptocurrencies. It's a bad idea that can unsettle you once there's a dump in the market.
38  Alternate cryptocurrencies / Altcoin Discussion / Re: People Tokens are pumping. Bullish. on: May 10, 2024, 04:05:20 PM
I believe the world of altcoins is starting to fade away.
If altcoins are fading, according to your word, then the "people profile token" you're trying to shill here will expectedly not be attractive to investors too or don't you think so?

Anyway, we're still in May and Bitcoin halving just took place in April. It's too early to run into conclusion of altcoins that won't do well. Until Bitcoin's dominance weakens in the market I don't think altcoins will achieve much in price. Altcoins are far from achieving a run now until that happens.
39  Bitcoin / Bitcoin Discussion / Re: Bitcoin ETF good or bad? on: May 10, 2024, 12:10:30 PM
Of course, anything that casts positive publicity on Bitcoin helps to advertise it and brings more patronage to it. That's what the Bitcoin ETF has been able to do. We saw how Bitcoin price went up and broke its ATH of the previous circle even before the recent halving. The ETF strengthened confidence of institutional  investors in the industry and they came in gun blazing. This is opening up more space in relation to investment for Bitcoin. It's a plus.
40  Bitcoin / Bitcoin Discussion / Re: What is bitcoin? on: May 10, 2024, 10:53:16 AM
Alright, I should've asked: What is bitcoin for you?
For me, Bitcoin is a payment medium and asset. Chiefly, it's more of an asset than even money. It's the asset side that makes investment in Bitcoin interesting and that's why speculations go on around it. Investors want to know at what point it's likely to give them great ROI before they invest and that's why we've a circle comprising bull and bear seasons. On its own as money, Bitcoin wouldn't be having the level of traction it has been having, the volatility and all that. It would be just like stablecoins.
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