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2061  Economy / Economics / Re: Can Binance action revitalize Nigeria community? on: February 04, 2022, 05:46:14 AM
Can this action yeild a better result?
Can Binance truly protect Nigerian community from fraudulent activities?
In order to comply with local Nigerian law, it seems binance is no more allowing people from Nigeria to trade with them. But, freezing out funds leads me to think differently because for the reason of government law, an exchange should give users time to withdraw funds by announcing about termination of services well in advance. Simply freezing of funds should be only for the case of breach of terms and services of exchange. So, binance may take further action regarding this as probably they may temporarily froze funds to get time to comply their services with law.
2062  Economy / Economics / Re: China considering the use of Blockchain Technology on: February 03, 2022, 08:53:49 PM
As it was generally known that China has a total ban on cryptocurrency last year and it decision has remain steadfast as the government took drastic measures to bring to an end existing crypto firms, mining rigs to shutdown, stating that it imposed a danger to their economy. But to a latest development, its giving the use of blockchain technology application a trial opportunity stating that the proposed blockchain differs from the bitcoin blockchain.
Personally, the only use case i know for the blockchain technology is creating cryptocurrencies or running a smart-contract also to create a cryptocurrency. If anyone knows about other uses then i will be glad to know.
Based on this, what should be the use of the blockchain? The proposed blockchain if it's not to create a cryptocurrency or to run a smart contract, China should consider that it's not a way to store big volume data.
The use of blockchain other than in crypto is sorta limited till this date. Lots of people never heard of them and they are rarely being talk about on this forum but for you sake to know if what are them, I can give you some hint.

Blockchain technology is said to be applied in politics field as it can provide transparency and transparency is very important in politics because there are many anomalies going on there. Other than in politics the recent would be the use of blockchain on crops or on farming. There is a thread on here before about this one if what is its benefits. As we can see, the use of blockchain is not limited on crypto alone but there is more to explore with it.
2063  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: February 03, 2022, 08:36:29 PM
Honestly Tottenham or Manchester United have a higher chance of making the top four spot than Arsenal and Westham United. They have a bigger squad to adjust to the pressure that would come with the second phase of the league. Tottenham let go of some of their players who were not having much game time, like Tanguy Ndombele, Lo Celso, Dele Alli and Bryan Gil. They knew that these players will leave and they needed some replacement to booster their squad amidst their challenge for the top four, they got some players like Bentacur and Kulesevski. Arsenal just lost out about 6-7 of their players and refused to sign. How will they be able to cope when this fatigue and injury set in on the first team players. I don't see them even making the top 6.
I do not think that Tottenham has that chance. I believe that they let their players go because they didn't believe that they could keep them and they just wanted to rebuild while they had the chance. I agree with you on the United part, I believe that United has a chance to crack top four if they keep it up and Arsenal has that chance as well.

We could just agree that City, Liverpool and Chelsea are the top three of the league by the end of the season so there is only one position left for the top four. If I disagree on Tottenham and if you disagree on Arsenal then the only team left for us to agree that will take the top four (possibly) would be United.
2064  Economy / Gambling discussion / Re: Cricket match prediction discussions on: February 03, 2022, 08:01:16 PM
Kenya was once integral part of icc tournaments but its no where to be seen and very soon Zim will also vanish from international scenes (I hope this wont be true). Icc must distribute funds based on need not on how mighty a board is. Afghanistan should get good funding against Aus or India as it has limited resources.
90% of the revenue is generated from India. This is the reason why BCCI hands are high on ICC. Maybe that's the reason why there is flaws with the distribution. As of now the teams now in need were Afghanistan, Zimbabwe and Ireland. This could change when the teams push themselves high in the big tournaments. Also, it can also be considered a way to keep those teams down.
Correct your statics because it's not 90% it's between 70% and recently just because of this all they have strong hold on ICC decisions and have some better favour for this player's attitude and window for IPL. ICC officials understand, so they are having soft policies because it's all culture of ICC, first we have Australia and England and now India is handling things with this advantage.

Many talks about this but these all are useless because no one want to bring fair policy which help this game and improve market, sadly even we are losing interest in many countries and few already on verge of giving up just because of having not better favour from ICC for their domestic set up.
2065  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your reason for buying altcoins? on: February 03, 2022, 06:42:50 PM
I bought altcoins compared to bitcoin because I saw the possibility to skyrocket greater than hold bitcoin, as we know that the price of bitcoin is already expensive while currently many altcoins are very cheap even if we invest only $ 10 then the opportunity to get big profits because new coins are usually will burn or pump big.
This doesn't really mean that you have to hold either the one or the other. I mean I do believe that alts have a better chance of skyrocketing to a higher price but that doesn't mean that I will not hold bitcoin neither. So, I have some of my investment in bitcoin and some of them in other coins and they combine to be a good portfolio. I have been in the green for a few years now, not super rich or anything but doing alright for myself.

I assume this will be the case for a while longer. This is why if you think bitcoin is safe, then spend a little on alts so you do not lose too much, if you think bitcoin is TOO safe then invest a little bit to bitcoin so it is still safe there.
2066  Economy / Speculation / Re: Bitcoin on its way to $100000?! on: February 03, 2022, 04:35:18 PM
The price of bitcoin experienced a sharp decline at the end of 2021 due to a lot of negative sentiment that hit the bitcoin price movement in the market, now the price is in the range of $36,900 and clearly bitcoin is still very far from the journey to $100,000 right now, so it's better for us right now just be patient and hope that bitcoin will again get a positive price boost in the market and slowly return to being able to create new ATH.
We faced big decline by the mid of 2021 but bitcoin showed its potential to recover and to set a new ATH by October/November of 2021 which means we may have similar bounce back at any time hence how far away from $100 is definitely in significant for bitcoin market in my opinion. We just need to make use of currently available more than 50% discounted price before we get into bullish wave. Usually people never think about investing more when bitcoin available comparatively cheaper prices but go mad to buy when bitcoin trades around ATH. Bitcoin keeps giving out many opportunities but people never try to change their buying habits, it seems.
2067  Economy / Speculation / Re: Good time to buy? on: February 03, 2022, 06:25:45 AM
Is it a good time to buy now? It looks like the bears have subsided. 30k resistance point is still holding strong. What do you guys think?
Like many people do mention all over the forum, all times are good to buy bitcoin as we cannot predict the exact market direction in near future. These days people are highly emphasizing the importance of regular investment into bitcoin to ensure not missing out good bottom price levels. For current market situations, as long as the support levels around $31 to $29k levels are holding, we can confidently keep buying.

I am a regular and long term investor of bitcoin and this is the reason I do feel the current market scenarios must be another good time to accumulate something (not for all my available funds) and wait for some more time to get some fresh funds and to buy more regardless of where bitcoin will be trading.
2068  Economy / Trading Discussion / Re: Don't be wiser than the market on: February 02, 2022, 08:46:48 PM
This is an excellent suggestion: take the small profit you have and plan for future purchase. But there is one thing that is quite important: sufficient knowledge of cryptocurrency in general, as well as solid knowledge of trading. Also, try to gain experience before investing large amounts of money, and avoid investing money that you cannot afford to lose.
Sufficient knowledge about cryptocurrency is a good foundation, especially if you're just gonna go with stock trading. It doesn't matter about the amount you're going to put in stock trading, the bigger the better, and go for big top coins such as BTC, ETH, BNB, etc. But if you're gonna do futures trading, I will agree that you need to be careful on how much you're gonna put and risk especially if you're a beginner.
I would guess that futures trading is something that people do not really do that easily, it is something that is done very rarely by newbies and very rarely even in that who makes a profit from it as well. I am guessing that most people would realize how rare it is for people to make that type of return, it is something that I am guessing 1% of the newbies ever profit.

It means that you have a better chance of making a profit as a newbie by spot trading then someone who has a little experience in futures trading. As long as you know how the crypto moves and works and what it is, then you have a chance to make a profit based on something like spot trading or even long term investing.
2069  Economy / Trading Discussion / Re: Arbitrage in crypto on: February 02, 2022, 08:08:21 PM
Without a doubt you are going to need a piece of software to take advantage of arbitrage opportunities as it is impossible to take advantage of them otherwise, however do you have the capital to pull this off? Arbitrage trading can be profitable but since the profit of each trade is low and you need to have several accounts in different exchanges then the amount of money needed to become profitable is incredibly high, so unless you can fulfill this requirement then you should forget about it for the time being.
I remember the time when it was possible to do without a bot for arbitrage trading, but now everything has changed and it is impossible for you to do without bots to get a profit. With such volatility in the cryptocurrency market, you can make a profit without wasting time on arbitrage trading.
Bots are quick monsters, they are near instant and that is why it is near impossible for people to make that kind of return. I know that it is not something that people want to hear but if you want to do arbitrage then you need to do it with a bot, otherwise you can't do it.

I know that people are using bots in trading anyway and you could make profit manually trading even though there are bots. However this is not the same, the chance to make a profit manually on trading is valid but the chance to find arbitrage chances are not valid. This is why we need to realize that we could only make a profit in the arbitrage world with a bot, not because there are no chances but because we wouldn't be fast enough.
2070  Alternate cryptocurrencies / Altcoin Discussion / Re: Viable Altcoin for the moment on: February 02, 2022, 07:20:42 PM
Currently the market is dump a lot of altcoins that we can invest in this week, For long term investment my advice is to choose Ethereum so that the green market will allow you to give passive profits, I myself added some of the top altcoins in my portfolio at the end of this month I did not trade but save until the next bull run occurs again.
well the fees of ethereum will be the problem in my personal opinion wherein unless if you put it in exchanges because you can trade it to any assets without paying massive.. Actually there's a bunch of choices on this current situation and that is thus altcoins that made hypes in the previous bull run especially top altcoins because you can assure they will continue making progress once bitcoin will surge again like what usually happened. Just remember to make technical and fundamental to obtain specific information.
Are we really sure it is a massive problem? I mean people are buying ETH and paying miners and they sell ETH to public to pay their bills and then public buys from them to pay for the fees and it keeps going in a cycle. I am not saying that the price doesn't fall, but it didn't budge from its second rank at all, it has been there for a while and looks like it is going to stay there for a while longer.

So, I am guessing that there is absolutely nothing that could be done about this anymore, ETH is expensive but people are fine with it, everyone is paying it, people complain about it and I get that nobody would want to pay that much but turns out they just do not mind paying it neither.
2071  Economy / Gambling discussion / Re: ⚽UEFA Champions League Discussion Thread -- Group Stage! on: February 01, 2022, 07:48:10 PM
Even the greatest fan of Sporting does not expect a win against the leaders of the Premier League.If I remember correctly they beat PSG in the group stages and PSG is full of super star players like Messi,Neymar and co.There is no way that Sporting will get in the way now that we are in direct elimination stages of the tournament.Manchester City most likely will win and will close everything since the first game in Portugal,I am sure they won't risk it and leave it to solve in the return leg.This is without a doubt going to be a qualification further after the two leg games for Manchester City.
But what is interesting to me is that Manchester city lost a match against RB Leipzig Cheesy. That must have been a little unexpected for everyone but I also don't think that Sporting CP should be a big obstacle for Manchester City. they will easily win this match and yes I also agree that they will not risk it and leave anything for the later leg.
And Real lost to Sheriff. Things that are totally unexpected could happen all the time, just because Leipzig is closer to City (not really) than Sheriff being close to Real, people think that City just played bad and these type of things could happen in the future as well, to me they were both the same type of games.

Sometimes huge names do not really care about some games and this is what happens, when you lose motivation that is what we have as a result. I do not mean to say that it is something I am not seeing ever happening again, of course it could happen again but I feel like City will be dominating and destroying Lisbon very easily. Not because Lisbon is a very low level team, they are a decent team of course but City is... well they are City, we all know what type of power they have and they may end up winning the whole thing.
2072  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: February 01, 2022, 07:18:18 PM
I asked myself this question in the La liga thread:

Will Aubameyange be the best option for barcelona right now?

Shouldn't Barcelona coorer behind better players?

will barcelona really want to win the league and champions league next season? because if they really want to win the league and champions league next season then they should think about having players who are able to score a lot of goals and defenders who are able to avoid a lot of goals.
I feel like it was not about the "best option" but more about who they can afford right now. As far as I know the transfer was done for free? Or it was nearly free at the very least and that means they are not going to really go into further debt, they already did a big transfer purchase with Torres during this window, I do not think that they had enough money to do another one.

They are certainly gathering a good bunch of players and even if Aubameyang doesn't prove to be a great deal, then they could just let him go, since they didn't spend any money on him, they will not really be in much of a loss. They were not doing that well, like 9th or something and now they are fighting for a top spot, or at least UCL entry position, every single "good" player they are getting allows them to have a better bench at the very worst case, or a great starter at the very best.
2073  Bitcoin / Bitcoin Discussion / Re: The difficulty of explaining Bitcoin to people is massive on: February 01, 2022, 04:48:02 AM
It's a little difficult to explain bitcoin to beginners. I think we need to explain bitcoin by comparison, yes even though bitcoin can't be compared to something, but it can make it easier for them to understand bitcoin. For example, we equate bitcoin with gold, because there is a physical form so it is easier for us to explain.
As a first step, we explain several things such as, what is gold, how does gold form, and so on. After that we just have to compare that gold to how bitcoin works.
There’s really nothing that you can use in comparing Bitcoin because it is the first of its kind. Even if you try to make use of gold in explaining it to people, there would reach a point where you would be unable to go further with that explanation because it wouldn’t work at all.

How do you explain to them the ‘decentralize' part of bitcoin when Bitcoin gold is not decentralized? So, that’s the questions that you have got to ask yourself and the best thing is just for you to go straight to the point and tell them what it is all about. Tell them what it is and it’s up to them to choose to believe it or not.
2074  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: January 31, 2022, 08:00:46 PM
I think all home team easy for winning in this weekend because not really hard against team, AS Roma have good record right now faced with Cagliari is not hard and easy for winning with margin goal above 2 or 3 goal. Atlanta always try to get three points because they want keep consistent on top position standing and still have chance how to broke dominance on top standing right now with Inter, Milan and Napoli beside have Juventus will take his position if failed get three points, last for Napoli keep to be consistent and Venezia is not really hard to defeat.
I mean if you just wager on these three teams to win together at the same time, then you are going to get good odds in return. I feel like there is no need to go into detail like which team will be better and what not, it would not really make sense in that situation if you want to put goals and how much will be scored. Italy is famous for their defence, and I am guessing that by the looks of how many goals have been scored, that did not change too much.

So, I would not really wager on how many goals there will be. Just these three teams winning their games would be a big bet enough for me and I would be willing to wager a bit more than usual for these games.
2075  Economy / Trading Discussion / Re: Bitcoin is available on NO KYC Crypton Exchange on: January 31, 2022, 06:08:08 PM
Crypton Exchange is a decentralized no KYC exchange platform part of the secure Utopia P2P ecosystem. Utopia P2P is Web 3.0, available now. It is an anonymous, decentralized P2P network for instant messaging, payments, and private browsing.

Crypton Exchange is one of the safest platforms for cryptocurrency buying, selling, and changing today, which maintains its reputation and does not cooperate with government agencies or other projects. On the contrary, all methods of protecting the exchange are unique and are constantly being improved.
So, they are just getting to add Bitcoin to the platform? Then what have they been allowing their users to trade all this while if what you have just mentioned are only three cryptocurrencies apart from the Bitcoin? You only mentioned the exchange’s private token and also Monero and UUSD???

Never heard of this UUSD before, unless you meant to say USDT? It’s quite to see that there are more decentralized and P2P exchanges coming into the market. But I think that this one still need a lot of improvement for them to be able to step up and be a competition to the bigger P2P exchanges.
2076  Bitcoin / Bitcoin Discussion / Re: State Senator Introduces Bill to Make Bitcoin Legal Tender in Arizona on: January 30, 2022, 06:19:48 PM
As I was browsing the news from Coindesk, I happened to stumble this article-

https://www.coindesk.com/business/2022/01/28/arizona-senator-introduces-bill-to-make-bitcoin-legal-tender/

But "U.S. Constitution doesn't allow individual states to create their own legal tender"



So do you think they will be successful in making bitcoin legal tender in this state?
When I saw this topic, I already had it in mind that it is not going to work, and you also stated the reason why: because the US constitution does not allow individual states to make their own legal tender. The best thing that they can do is to find a way to take it to those at the top, so that it would be declared generally in the US as a legal tender and not just in the Arizona State. That is if it is going to be possible. But for me I don’t really think making it a legal tender is all that important, I feel that as long as it is simply a legal for people to freely make use of it for most purposes, then it would be good. Anyways, let’s see how this one goes.
2077  Economy / Trading Discussion / Re: Don't be wiser than the market on: January 30, 2022, 05:22:57 PM
Ride and make a profit, that's all we have to do as volatility will remain, and hence we should view that as an opportunity. Whether it's bullish or bearish, we should be flexible as both market situation could offer an opportunity for us to earn depending on how we see it. As the market is very unpredictable, and it follows a trend or cycle, we should be aware that the bear market will eventually come after the bull market, and that's where we need to use our strategy.
For someone who is a day trader, you are always looking for the opportunity to trade in the market no matter the condition in the market, whether it is the bull times or the bear times, you just have to look for the opportunity.

Although the bull times is usually the best because there are so much opportunity and the market would usually go in your favour, unlike the bear times when it might be difficult because the market is mostly depreciating in value. But, Hodlers would mostly prefer to that they are investing at the lowest point in the market and holding for a long term for them to make good profit and that’s just it.
2078  Economy / Economics / Re: Cannabis company in Colombia using blockchain for their crops. on: January 29, 2022, 02:23:06 PM
I like this approach. If they create a cryptocurrency related to cannabis soon, it will be a real furore in this business!
It’s a good idea, that’s if they can really pull it off. I have seen a lot of ideas that seems great in the cryptocurrency market but the problem is usually from the team, they don’t have a good plan at all and lacks on promoting their business well, so they end up lacking investors. So this would be a good addition, if they can create a really nice platform and launch their tokens and get investors to invest in it and make profit. Cannabis is a profitable business and I believe that there would be people ready to invest if the team should market themselves petty well.
2079  Alternate cryptocurrencies / Speculation (Altcoins) / Re: A quick question!! on: January 28, 2022, 01:24:05 PM
Indeed, for now the movement of dogecoin has weakened even at a time when bitcoin is increasing but the value of dogekoin can not increase as we expect even though Elon Musk has made transactions using dogekoin in his tesla company, I think this all happens because investors are not interested in what he makes on twitter because he thinks this is only a personal interest to attract attention in his company.
It is weakened because of the correction. Weakened because people have woke up from the truth that Elon Musk is only using them, weakened because the era of meme coins are now over, right now its now the era of nft's and metaverses.

I do not know if that rumoured is true that Elon adds doge as one of the payment method for tesla but if ever that is, true I do not think dogecoin is serious enough for people to use it when they buy a car or we do not know maybe dogecoin was already remove just like what happen with bitcoin before, you know Elon, he changes his mind easily. That also makes the dogecoin weaker.
2080  Economy / Economics / Re: Are Institutional investors changing the Bitcoin price behaviour? on: January 28, 2022, 11:36:25 AM
Do you think as the injection of institutional money increase, that we will see more irrational price movement that are synchronized with global market movements?

Will Bitcoin still be a Safe haven when institutional money takes over the majority of the ownership of bitcoins and these people start to manipulate it in the same way that they are manipulating other markets?
Would institutional investors ever be able to take over the Bitcoin market? I know that they may have a lot of money but I still doubt that they will be able to take over the whole market to the extent buying up everything. The market has so many investors, and I believe that the price will keep on increasing, so it wouldn’t be like in 2010 when someone has lots of money can buy up almost half of the market, nah things have changed this time and as time goes on it will keep on changing and the value will increasing as so many investors comes in. so whales are never getting a chance at all to do such a thing.
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