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2101  Other / Beginners & Help / Re: Why you should never try to time the market bottom on: November 28, 2022, 08:12:05 PM
The scene that best captures a crypto bottom would be what we see when we look at the sea far off and think it's touching the sky. As a ship sails towards it, it opens up and one discovers that the sea isn't in anyway near the sky let alone touch it. As someone who newly got into trading that year, I was given to understand that there are oversold positions as well as overbought positions. Now I know there's nothing like that in reality. It's the same way we think the market has bottomed out only for it to continue to dip further. Crypto bottom is a mirage. It doesn't exist in the true sense of that word.
2102  Other / Meta / Re: Bitcoin Talk on Telegram on: November 28, 2022, 11:39:40 AM
Apart from causing distraction to those who are going to subscribe to the telegram channel, it will end up as a mere gossip channel. It won't have the strength of character of teaching and learning that BTT is endowed with. That's if the telegram channel doesn't even end up as an avenue for account sales and merit trading. Again, if you want something that can compete favourably with this forum, it won't be to set up mere telegram channels. Run enticing bounties and signature campaigns and you will see how things take a sharp turn.
2103  Other / Meta / Re: Should the difference in size between normal and quoted text be smaller? on: November 28, 2022, 10:56:13 AM
For me, the difference between the two samples of quoted texts you used are infinitesimal. I can zoom in on texts if I'm reading and think the prints are tiny for my eyes. I believe it's same for most users here too. Most users don't even care. However, I think what could be an issue is the wall of texts some users resort to when quoting comments. On my part, that's disgusting. I don't like reading such wall of quotes. Expectedly, I skip such and move over to the next comments.
2104  Economy / Trading Discussion / Re: Ftx case and law enforcement actions on: November 28, 2022, 09:47:55 AM
SBF has a close relationship with Democrats and this incident was intentional or the collapse of FTX because Sam used users' money for private purposes such as buying land, villas...It's all just rumors and no one knows the truth.
Frankly, I share that sentiment of what happened at FTX being a deliberate plan orchestrated by SBF. He can't deny he didn't have a hand in the collapse of his exchange. Dude isn't clean. There was a lot that went on in the background which will soon be revealed in time to come. His books and records aren't clean and that was why CZ Binance backed out from the deal of taking over FTX. Though I ain't a victim, I can imagine the pains of those who lost cash by patronizing that exchange. Sam deserves to get a jail term.
2105  Economy / Trading Discussion / Re: 10K BTC Linked to Mt.Gox Moved! on: November 28, 2022, 08:29:48 AM
~snipped~
However we have seen recently how one ftx hacker drained his eth using bridges, swapping it for renBTC causing a crash in the eth price
That's a serious level of sophistication in there. I've always been of the opinion that most exchange hacks are executed by in-house staff. The way these scammers move the stolen coins around shows they aren't noobs in the crypto space. Talking about coins been able to get tracked and frozen on Cexs if found to be tainted, citing the FTX case; why wasn't it stopped? The hacker was able to move funds freely. Why wasn't it frozen immediately the hack was discovered?
2106  Economy / Trading Discussion / Re: Im looking For good signals channels on: November 28, 2022, 07:27:45 AM
~snipped~
I haven't seen professional traders advertise a telegram group to join their signals.
That's what they claim they're and that's what makes gullible traders flock to them. They're deceivers, wolves in sheep's clothing. Of course, if they said they're signal marketers from the beginning nobody would pay them any attention.

Quote
I don't see many professional traders on Telegram, though I do notice some in copy trading because once they've been copied, they can still earn money even if they're just trading on their own; it's a side hustle while trading.
That's the way those who truly know their onions do it. They allow others mirror their trades and get charged for it. It doesn't cost them extra efforts once they've it set up. The only thing it costs them is lost of patronage if their trades aren't doing well.
2107  Economy / Trading Discussion / Re: 10K BTC Linked to Mt.Gox Moved! on: November 28, 2022, 06:53:28 AM
News Source: Coinpedia
Kindly edit and use a url link so that those who are interested in the story can follow up more on it. It's not enough to just put a site name.

The coins are flagged and whereever they get sent they will most likely get frozen.

Many exchanges have blacklists and if there are tainted coins depositted into it then they are frozen.
This part gladdens my heart. At least it keeps criminals at distance and enforces them to think deep. It's not going to be an easy route like just hack and sell off, leaving investors in sorrow and huge loss. I will be happy if that is meticulously applied and executed.
2108  Economy / Trading Discussion / Re: Im looking For good signals channels on: November 28, 2022, 06:15:51 AM
~snipped~
For example, why are they promoting joining their group and paying this amount if they can already profit from the trades they already predicted? So it is pretty useless, no matter where I see it.
But of course, that goes to simply show they're signal marketers and not traders. Most of those people don't even trade in the real sense of trading. There was one I confronted on telegram. The dude was fond of supplying signals which have slightly passed or filled. Truth is that real traders don't have the luxury of time to be running telegram groups at the same time trading. The best a professional trader may do is dish out signals to those under their referrals once in a while. They hardly charge anyone for this because they know it's pittance.
2109  Economy / Trading Discussion / Re: What happened with crypto? on: November 27, 2022, 10:09:28 PM
For a guy who came and registered here in 2013, I don't think such question is what you should be asking by now. Except you only registered and left almost immediately, otherwise your question should've been what your personal experience would've supplied you answer to. Well, I would say that what happened to crypto is price correction in general and nothing much to worry about. Those who're hodling utility tokens shouldn't be scared. Price will bounce back.
2110  Economy / Trading Discussion / Re: Im looking For good signals channels on: November 27, 2022, 04:49:51 AM
It is stupid to use signals in trading, and even worse when a person decides to buy these signals. They are sold by people just like you, maybe they are a little better than you in technical analyzes, but this does not mean anything, because everyone is wrong. Instead of wasting money on buying signals that still won't bring the desired result, invest that money in your education.
Honestly, I mean there's no other way to explain it better than that. Wish I had merit to splash on your comment. Those who rely on signals are simply saying there are folks who can accurately tell them the future and that's not possible. At best, those who supply signals either are Technical Analysts or Fundamental Analysts. Both are speculations. While TA is reading charts, FA relays heavily on news. Reading charts is speculative. There's no assurance in speculation.
2111  Other / Meta / Re: Watch out for user SCORUM.COMMUNITY on: November 26, 2022, 11:22:55 AM
It's like I'm the only unfortunate one who didn't get the celebratory pm 😭. Anyway, the SCORUM.COMMUNITY account has been auto banned now. I guess we all can go back, relax and sleep with our two eyes closed. It's good to report and expose cases like this so as to prevent naive ones from being preys to such unscrupulous elements instead of keeping quiet and dealing with it secretly. I'm sure the barrage of reports on that account was what prompted the mods to promptly ban it.

2112  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Exchangers delisting but with too short notice on: November 26, 2022, 07:47:11 AM
I wouldn't want to castigate Binance for its action on delisting certain tokens because I don't know how long that warning was out for people to withdraw to private wallet or transfer out. I know I've held two different tokens on Binance whose teams went rogue and trading was stopped on them since last year. Yet they remained. I had long expected that they would be delisted one day. It even took long for Binance to delist them. I've no grouse with Binance on that action. Shittokens are what they're. They should be flushed down the toilets.
2113  Other / Meta / Re: [Voting 2022] Bitcointalk Community Awards 🏆 on: November 26, 2022, 07:30:59 AM
There should be a category created in which I would fit, maybe Mercurial, Satanic Slob of Laziness and Chronic Beggar of Theymos for sMerits
Aha!...and change of name too 🤔

My observation is that most of the votes are going to have a wash-rinse-copy-and-paste pattern, either from their past votes or from those of others before them this year. It's a given that most voters won't even know what they're voting for.



By the way, why is there no Mister Bitcointalk? What kind of injustice?  Wink
You can imagine that level of injustice, my friend. Well, to curb it, I make myself readily available for that category - a proud Mister 🤔
2114  Local / Politics and society (Naija) / Re: African Proverbs in Pidgin on: November 26, 2022, 06:15:29 AM
I just dey reach here now and I don dey para say I don miss plenty tori and I don take time read plenty parable fr here wey I don laugh tire.
My broda, we welcome you wella. Welcome, wey bread 🤪

Quote
I dey really reason am say our fore father's been really get big talks for mouth.
Nor be small thing oh. Dem really get betta yarns for mouth and e dey reflected in their songs and folklore of those years. Nor be now wey songs just dey empty with lyrics wey dey only promote materialism and obscenities.

~
I welcome you too for owa abule. I for still pour you colele wata but e don finish for my fridge. Abeg, you go help us here. We nor too go school to dey understand pure English. We dey break am here with pidgin.
2115  Economy / Trading Discussion / Re: The sole difference is capital. on: November 26, 2022, 06:03:52 AM
A passive trader like trading just a few times in a week or a month but with huge capital is more effective to win and bag hold profits rather than someone who scalps and day trades but only has a little with the capital.
If the passive trader with a huge capital base doesn't have set trading skills they will sooner than later lose it. It doesn't matter the type of expensive car one owns, if one isn't skillful at driving one is bound to crash it. It's just a matter of time. It's the same way I see those who have huge capital without skills trading. One with small capital but required skills can build on it and grow from there if they don't allow greed to get the better of them.
2116  Other / Beginners & Help / Re: Reminder: Just Like the Internet, Bitcoin will Thrive on: November 25, 2022, 06:33:21 PM
Bitcoin may be overtaken in the future by another financial method.
Bitcoin is a currency not a "financial method", but it still is a weird thing to say about a decade old technology.
Well, by "method" I mean "system" and by system I mean "innovation". Putting it simple, what I meant there was that there could be another system that could displace Bitcoin in the future. We can't say for certain there won't be, no matter how a Bitcoin maximalist we want to claim we're. If slightly more than a decade ago there was nothing like Bitcoin, what makes you think that a decade from now there won't be a replacement for Bitcoin?
2117  Local / Politics and society (Naija) / Re: African Proverbs in Pidgin on: November 25, 2022, 06:36:38 AM
~

Our oga I greet oh. you scarce like fowl teeth.
Na true my broda for dis ur talk and dat ogbenge proverb wey you drop there too. Owa people talk sey if persin see wetin dey bigger than farmland, dem dey sell barn. I get better offline engagement last week wey tie me down. I still neva even dey free dis week sef but I go try dey spy here.
2118  Local / Politics and society (Naija) / Re: African Proverbs in Pidgin on: November 24, 2022, 11:40:15 AM
Proverb: Even if goat get frown face e no go lack buyer for market
Naturally, na sheep dey like smile from time to time. As for goats, dat wan na original frowner.

Proverb: Who dem give quit notice no dey pack for daytime
Nor be lie, bro. Especially if him come get people wey im dey owe money for dat area.
2119  Other / Beginners & Help / Re: Why are there lots of accounts that seem abandoned? on: November 22, 2022, 11:27:14 PM
I've been going through the forum lately and I've seen alot of accounts that seem abandoned and I've been tempted to know what really happened to them.
Death is a possible cause. Sometimes we don't get to find out that a member had passed on until a few years later when someone would stumble on something leading to such a revelation. Cases like that abound here. A second reason is loss of interest. At least I know of four people I introduced to this forum who got registered but stopped posting after awhile. They didn't even stay long enough to understand the workings of the forum before they stopped. Another could be merit. The introduction of the merit system actually made ranking up a bit difficult. That makes it also difficult getting into campaigns. Those whose sole aim is to earn find it difficult staying if they can't rank up and get into campaigns would just leave.
2120  Economy / Speculation / Re: Elon Musk says the price of BTC will rise on: November 22, 2022, 10:54:27 PM
If Elon said it; he didn't say anything out of the ordinary. It's a given that the price of Bitcoin must definitely rise. We've seen this before in the past when it crumbled and lost around 80%. It came back and also went on to surpass its previous ATH. For those who think that at $16,000 Bitcoin is still over price even when they saw it at $68,000+ a few months ago should have themselves to blame when they miss the train. Bitcoin is most definitely going to hit >$100k when it picks pace again.
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