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June 25, 2024, 01:28:14 PM *
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201  Alternate cryptocurrencies / Altcoin Discussion / Re: FTX planning to payback customers, small account holders on the priority list on: May 20, 2024, 05:42:08 AM
If I am not wrong they tried to say the same once in a while mostly with a hope of coming back again. If the creditors get back what they deposited then it's good and also they started the claiming process a long ago and still no one has given anything back means it's going to take forever to get the funds.
Action speaks louder than words, so let FXT start already to pay back the customers that they scammed, not coming to make promises again. I hope that it's for real this time, atleast it'll be a solace to the category of investors that they plan to pay first, and a glimpse of hope to those that are not yet on the list. An exchange platform in my country that was hacked, has also been given this false hope to their customers, but I'm not sure that they've kicked off the payments of the first batch yet. It's a lesson for those that are still leaving bulk of their funds in exchanges, this scenerio could be their future predicaments.
202  Local / Nigeria (Naija) / Re: My encounter using Bitcoin with a nearby farmer/trader in my area on: May 19, 2024, 06:17:07 PM
I no de surprised say Bitcoin adoption de gradually increase for Nigeria, pass as e be before, because as hardship de increase everyday, people de find means to make money. Di wan wey OP talk about, maybe as di woman de collect di BTC she no go spend am, she go just de hodl am for bull run, so dat wen di matter set for peak of bull run, na sure banker say plenty ROI go enter for her wallet. Maybe after di bull run, wen Bitcoin go enter bear run, maybe sh no go get mind to collect Bitcoin again. Na only real hodlers go get di patience to de hodl for bear run, because dem know say na di best time to accumulate be dat. I look forward to wen every business person go get wallet addresses to de collect Bitcoin, like Bank account to collect naira, but e still far before we go reach dat level.
203  Bitcoin / Bitcoin Discussion / Re: Does the world know about Bitcoin? on: May 19, 2024, 05:32:28 PM
To me i think there are some part of the world that still don't know anything about Bitcoin, because there are people in USA, UK, Australia, Canada, China,etc. even in Nigeria there are people that don't know anything about Bitcoin, they always think that Bitcoin is a scam, but people that know about it are making thousand of Dollars,($) I think they don't know that we are in a digital world now.
I think that what can increase the adoption of Bitcoin, and make people in remote areas to know about it and use it is when it's used to pay for transactions on day to day basis, when you can walk into a small shop and make payments with Bitcoin. Just merely telling and educating people about the advantages of Bitcoin as a digital cash is not enough if they can't use it. First a user needs a smart phone and internet connection, then you need to lecture them about the Blockchain technology, that is a handful for many people in the rural areas that are not literate.

The best and most effective way to increase Bitcoin adoption is when governments adopts it, and people begins to see it as an alternative currency in their countries, we know that it's not possible for now. This is the reason why majority of people that hodl Bitcoin, is for investment purposes.
204  Local / Nigeria (Naija) / Re: Life of Bitcoin Enthusiast on: May 19, 2024, 04:02:32 PM
To hodl Bitcoin na real hurdle e be , because e no easy to get mind to pass all di challenges, to come stand at di top to say yes I don overcome all of the stumbling blocks. As di picture show for di diagram for di OP, na some of di challenges wey person go face to di top, and di small things wey I fit to add for that uphill task na lack of money, because without money to buy Bitcoin, or to de do DCA method, magic no de for inside, di person no fit to succeed for Bitcoin investment.

So as Nigerian economy be like dis, wey be say almost di whole money wey people de make de go for food, because of di rising prices of goods and services everyday, e no de easy for people to invest in Bitcoin, no matter di knowledge and experience wey dem get. Di mind is willing but di pocket is weak for most people wey know wetin de about Bitcoin, but dem no get di money to invest.
205  Alternate cryptocurrencies / Altcoin Discussion / Re: 'HODL' The first meme coin on BNB Chain? on: May 19, 2024, 02:22:43 PM
Not a shill but would appreciate you look into the project and their claim of being the first on BNB chain and yeah I mentioned those two exchanges cos they are both my goto platform for trading platform after Binance and they both have this token listed. If it's a shill no qualms but out of curiousity i will appreciate you share a few meme coin projects on the BNB chain.
Thanks
This HODL memecoins on BNB doesn't really matter if it's the first or not, what we're more concerned about is whether it's a scam or legit project, there are too many memecoins out there that are putting holes in investors pockets, so you can't blame anyone for being skeptical about this meme that you're giving hype. I'm glad that you said that you invested the amount that you can afford to loose, and you're able to take profit, so from here you'll have to decide whether to continue hodling HODL or you'll just take profit and exit the project, because you never know what'll happen next.
206  Economy / Speculation / Re: BTC staying above $67,000, will it reach all time high? on: May 19, 2024, 01:33:34 PM
Didn't click on the links. It's a no-brainer to know that Bitcoin could proceed in any direction any second of the day. For me, however, it seems the general sentiment of the market remains to be one characterized with optimism. It remains more or less bullish. It's just that there are not-so-good days even amidst a good season. I guess this is it, a temporary break in a bullish season that would push the price to $100,000.
The comments so far on this thread doesn't encourage me to click the links either, I however agree with you that we're in a temporary break, on the road to a bullish season, and that is what it is. From research after halving comes a dip that will fluctuates price for sometime before it'll be a smooth sail to bull run and ultimately a new ATH. I'm optimistic about seeing Bitcoin price at $100k in this year, that is why I recently joined the 100 pushups thread, because I know that the exercise will yield results. Any experienced Bitcoin holder will not worry or panic about the price juggling between $57k and $69k, it's a temporary measure, no matter how long it stays like this.
207  Economy / Economics / Re: I need my lambo now and manson and yahct life too short lets do it on: May 19, 2024, 10:29:30 AM
Everybody wants the GoodLife, some wants it in peace and quiet, some wants it loud and noisy, others wants luxury yacht, Lamborghini and mansions, there's nothing wrong if you can afford them. If you can't afford the life that you want, then you can either work towards it, which might take a long time, or you can shelf the dream or atleast live the life in your imagination, these are all choices.

If your plan is to create a coin that will be a get rich quick scheme, then you want to become a scammer, but if you want to have a 10 years plan and diligently do DCA method, probably Bitcoin price will be 10x what it is today. I'm sure that if you're working harder and smarter now to put significant money in the DCA, then maybe you can achieve your dreams. Remember that to be a millionaire, you need to think like a millionaire, not spend like a millionaire
208  Other / Politics & Society / Re: Why people itself let their leaders to manipulate with them ? on: May 19, 2024, 08:49:32 AM
I don't think that people will ordinarily allow others to manipulate them, it's either that they're brainwashed or they're forced to accept what the manipulators wants. People in countries where they have dictators as leaders or where elections are rigged and people who are not voted for entering power, it's not that the people don't know their rights, it's because they don't have the powers to confront and oppose these bad leaders. Who can blame people in these backward countries, if you oppose the government, bad things can happen to you, you can be jailed or executed. Until every country in this world begins to practice true democracy, oppression and corruption will still continue.
209  Other / Beginners & Help / Re: Learn a skill instead, you will be set for life. on: May 19, 2024, 07:23:33 AM
The advice is well taken, crime does not pay, whether it's in cryptocurrency or any other areas, criminals are bound to make just one tiny mistake that'll expose them and they'll be caught. I have the believe that if a government is bent on investigating anybody , that even if the person stash their loot in cryptocurrency, thorough investigation will find the person out. So crypto is not a safe haven for criminals.

To learn a skill or trade is very important for everybody, so that they won't be dependants on others to survive, and to reduce the chances of going into crime. Although learning a skill or trade is not a guarantee that the people will not be involved in crime, example is the person in the story who was born into wealth, yet he still chose criminality.
210  Alternate cryptocurrencies / Altcoin Discussion / Re: Important Questions about the Market and Alts on: May 19, 2024, 05:58:44 AM
What are your recommendations for me? Which platform is good to learn more or at least get ahead of the curve before I lose all my money..
I can’t promise you to get ahead of the curve before everyone else.

However something that always happens to a lot of investors is their coins not going the way they expected or planned to. What to do in case loss starts to occur? Have you considered doing stop-loss orders? You set a specific amount and sell at the time the coin reaches that price. That way you get to take out your coin before anyone else follows.
Stop lose is very helpful to traders in order to minimize loses, so if you're on stop lose, it'll be good to cultivate the idea, trading is hard and risky, you need to understand these facts.

Also the OP has been told so far on this thread that it's better to hodl reputable top altcoins, even when their prices dips, they will not dump on you, only a matter of time and they'll start to pump and become profitable for you. There are more scam projects in the crypto space than the legit, so in addition to carrying out research on altcoins that are relatively unknown, you should invest the amount that you can afford to loose.
211  Local / Nigeria (Naija) / Re: 🍕 Bitcoin Pizza Day on Bitcointalk on: May 18, 2024, 08:00:55 PM
I de look forward to dis pizza contest, e go de very interesting to follow observe something wey go de very interesting and lively for dis forum, no be only serious crypto and economic discussions. I for like to join for this Bitcointalk, pizza contest, but di problem be say na only once or twice I don chop pizza before, talk less of say make I sabi prepare am, so I no qualify to perticipate, but I go de cheer for our people wey go contest for di contest. I de very happy say humor de for dis very intelligent and serious forum, e make me to remember wen dem do me April fool, for dis forum, dis events and gestures de important to lighten up di mood for di forum. I wish all the contests best of luck for di bitcointalk, pizza day contrast.
212  Alternate cryptocurrencies / Altcoin Discussion / Re: is it still to Invest into meme coins? on: May 18, 2024, 04:56:05 PM
We can make investment in memecoin as long as we have the tenacity to risk anyone of them, invest, hold and be profitable at them or take risk on loosing our asset of investment on them in case we are choosing the wrong meme, just as we do suggest for making research enough for them before investment, we cant afford also to make a very huge investment in them, when we are not sure of what may comes after that.
Investment in altcoins is risky, and specifically investing in memecoins is a gamble, this should be a fact that anybody that wants to invest in them should have in mind. I liken most of these projects to Ponzi schemes, you invest your funds with the mindset that the ship can sink at anytime, so if you're able to get some reasonable returns on investment before it sinks, then you're in profit. Most of these projects are created with the intention of enriching the developers and scamming their victims who are the investors. The OP can take his chances and invest in the project that he talked about, it's his money, but I'll advise him to buy with the amount that he can afford to loose.
213  Bitcoin / Bitcoin Discussion / Re: When investing in Bitcoin: what to consider? on: May 18, 2024, 04:04:34 PM
We have different opinion about Bitcoin so why bother what others or critics think of it?
They don't see it as a currency then move on we don't need to force them to see it that way, we have been using it however we want (payment option or investment tool).

Bitcoin is what it is, no matter what we or anybody thinks about it, and the truth is that it's a store of value that is changing the lives of it's holders, so it's a gem that is not hidden, only the bold takes advantage of it's values. The world has evolved, from trade by bater, to valuables like gold and silver, to fiat currencies, now we're in the digital age, and Bitcoin, being a digital cash is taking over the naretive as the future currency. Some people and governments like to remain in their comfort zones, where they'll continue to do things the old ways, but they forget that the only thing that's permanent in this world is change.
214  Economy / Economics / Re: It's very easy to predict future how economy will be this way on: May 18, 2024, 01:53:17 PM
I can agree with you that modern technology is making us humans to be lazy and totally reliant on machines to get things done, as much as they make life easier and work faster, I think that we should also try to get somethings done by ourselves from time to time. Kids this days will want to do little calculations, next thing they're using calculators, if there's no calculator around, they'll begin to fumble, also you'll see overweight adults taking slim pills instead of doing exercises to burn those calories, next thing self driving cars will take over our roads and people will sit like gadgets in a car and let robots decide their fates on the road.

What the OP said might sound like a joke but one day people might stop using their God given brains to think and reason, they'll be so lazy and delegate AI to do their thinking for them. And some developers can manipulate this machines to give the results that they want, then every other persons will become their puppets. Ofcourse this is just a theory, and I know that we humans are smarter than machines,, because we have natural senses, but we need to understand the dangers of totally relying on machines to make all our important decisions.
215  Economy / Speculation / Re: I believe Bitcoin will surge to new heights after this dip on: May 18, 2024, 12:34:08 PM
You don't need to consult or listen to analysis from any analyst, bitcoin's price increase is inevitable and will definitely happen, the only problem is time. That's why people often advise each other not to pay too much attention to the short-term volatility of bitcoin, look at the long term and bitcoin will never disappoint us.
I have not heard this in a long time and like the advice Smiley
It's funny how all these guys have appointed themselves experts of Bitcoin but where nowhere to be seen when price was worthless and few believed in crypto...but today have become the loudest!!

Btw, I do agree we don't need the so called consultants because we already know that Bitcoin supply is in a limited supply and price is going in one direction..which is UP.
What is certain is that after this short term Bitcoin price pump and dump, that the only place that it's going is up, it's obvious from previous experiences that after halving, it'll be price dip and after that it'll be straight way to bull run. This is why many old time investors are not bothered about the short term price dip or speculations, because after all said and done price surge will lead us to bull run, and we don't need a prophet to prophecy this fact. Maybe price surge might start sooner than we expect, presently it's at $67k, so breaking the former ATH might happen soonest, then there'll be no major dip till after the peak of bull run.
216  Economy / Trading Discussion / Re: Buy Crypto Myanmar on: May 18, 2024, 11:05:27 AM
If you prefer to use central exchanges directly and do not find an exchange that accepts payment directly in MMK, it is better to convert your local currency into dollars through an intermediary or any service present in your country and then buy Bitcoin from Binance or others.

Or the second way is to think about a P2P service where you can find a local buyer who accepts payment in your currency because the probability of finding an exchange that accepts payment in your local currency is very small.
Clearly reputable exchanges like Binance and Coinbase, are not exchanging mmk directly, so I also think that it limits the OP choices to buy Bitcoin directly from centralized exchanges because of KYC requirements. His best option that I can think of is what he doesn't want, being p2p transactions to exchange his fiat to Bitcoin. On the other hand, as you suggested, he can find an intermediary in his country, convert his mmk to dollar, and use it to buy Bitcoin directly in an exchange.
217  Other / Politics & Society / Re: Renowned Oncologist Drops Bombshell: Ivermectin Cures Cancer on: May 18, 2024, 10:08:02 AM


Also, i tried to cross examine this "news" and I could not find much on this person, just found a very shady reference on this alleged doctor talking about ivermectin and cancer, but nothing from recognized webpages.
This is probably some very well planned censorship being carried out by the deep state, so people won't go to their local pet stores and start to stockpile ivermectin as fast as possible in their homes, driving the price of the drug to new and previously unseen levels. 
The losers will be the poor home cats and dogs which won't get affordable drugs anymore to deal with worms.
If this Ivernectine, drug has been proven to be a cure for cancer, then that is a very big win for cancer cure which as far as I know has no known cure. I don't think that it'll be difficult to know whether the drug can really cure cancer, as we have many cancer patients, all we need do is wait for many of them to take the Ivernectine, and see if it cures them, or atleast know the percentage of the patients that will receive partial or permanent cure, if it doesn't work on cancer patients, then we'll know that it's a scam.

I think that the medical field should try and verify the authenticity of this Ivernectine, because the price will skyrocket as this information is spreading, so that it doesn't mislead people to think that it's a cure for cancer, if it's not. It could also deprive animals that it's meant for, if the information is not true.
218  Other / Beginners & Help / Re: Is it advisable for a beginner to invest in a newly launch project? on: May 18, 2024, 09:05:24 AM
It is usually difficult to verify the authenticity of newly launched projects. This is why new entrants of crypto shouldn't invest in them. Many of these new projects come up with aggressive publicity which makes them look legitimate to attract people who will end up losing their funds. I will suggest to newbies to only invest in Bitcoin first before they consider buying other coins. And they should also do enough research to ascertain how genuine the project is. For me, I don't invest in any overhyped project that promises huge and quick returns. Any newbie who is greedy and impatient is a cheap prey for scammers.
Newbies without experience in cryptocurrency should humbly focus on Bitcoin investment, when they've increased their knowledge and gained enough experience about how altcoins work, then they can start to invest with the amount that they can afford to loose. Bitcoin investment doesn't require any research before investing in it because it has proven to be the most reputable cryptocurrency, you don't need to fear whether it's a scam project or become a shitcoin in the future, but many altcoins are scams, that is why investors should go for reputable top altcoins, and if they want to go for new projects, they should first research the projects, even at that they're still risky.
219  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance launches Notcoin (NOT) on launchpool. on: May 18, 2024, 08:04:53 AM
It did arrive back to my bot wallet instantly and then I got the the option to send it to my onchain wallet. I have done that but it took about 8 hours to get credited to my wallet. I am not going to send it anywhere and for now as I am going to wait for another Bitcoin price spike that should encourage nits price a bit more to what it is now.
Mine was sent to cex. Not sure why it took you 8hrs if semding on onchain wallet but took lile 5mins to credit on cex. Maybe too much congestion on ton network thats why its too long to process. Anyway goodluck and hope notcoin could reach some crazy valuation in the future. Many earned for free and definitely will do good when bull run hits.
Congratulations to everybody that participated in the notcoin, airdrop, they're all smiling to the exchanges, to grab their rewards, a well deserved achievements. I'm among the few that didn't perticipate in their mining, was occupied with other things, my friend who participated diligently, got enormous rewards. I think that notcoin, has a strong community, and anybody that has the funds can buy into it, hopefully the project will go far and continue to be profitable to it's investors,
220  Local / Nigeria (Naija) / Re: Is cryptocurrency legal or illegal in Nigeria. on: May 17, 2024, 07:47:06 PM
Cryptocurrency de legal for Nigeria, and as far as I de concerned, dem never talk for anywhere say e de banned, but how di matter say our government no ban cryptocurrency take help us wey de for inside. Na everytime our government de take crypto matter de front for them ineffective leadership, crypto don become scapegoat, wey dem de take front, like say Nigerian problems base on cryptocurrency.

First na say make Banks no facilitate crypto transactions, we overcome dat one, dem come talk say make Banks de facilitate am, how di facilitation help us, zero. Now na to come after naira p2p for reputable exchanges, how young Nigerians, wey de survive for crypto business wan survive. After dem go say our youths lazy and dem be scammers. Na only God, go always de make a way for us wey de into crypto things.
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