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221  Economy / Gambling discussion / Re: What's your take? on: March 25, 2024, 06:19:38 AM
what is your take on this kind of gambling, risking bigger money on some low odds with a small potential win and still the possibility of your pick to win is not even certain.

If a gambler like, he should go for big odds, small odds, big teams or even small team as well as compiling several games together on a single bet or even staking a single game, if he will win, then there's nothing to stop him from winning and same way from loosing, we are gambling because we don't even know about the outcome of the bet we are playing, sport betting particularly is a game that cannot be manipulated, what you play is what you see and you will either win or loose even though you buy prediction games.
maybe you're right from the context that sports betting can't be manipulated but from the angle making any not being calculative or trying to select options that will put you on a better side, I choose to disagree with you.

When it comes to sports betting, the teams involved aren't in most cases of the same strength and while one might be stronger than the other, others might not be that strong. It's just normal to play that a bigger team will win a smaller one and that's why the concept of giving bigger odds to the bigger teams because by the way the game is programmed, it's almost clear that big teams always beat the smaller ones and that's the reason why the smaller teams gets smaller odds to balance the whole thing up.
222  Economy / Economics / Re: Does a place called Africa really Exist in the world Economy on: March 25, 2024, 06:05:03 AM
Infact our economies are so bad that we depends on European for help, this lead me to the question, does Africa really exist, infact the only thing still keeping Africa is the black skin that her population is known for
I have come to the realization that the highest level of colonisation is mental colonisation because Africa is like a computer program that is running
 
Guys what is your comment on this
maybe if people like you have a good mentality, part of African problem would have possibly be sorted out at ease. Just like every other continent of the world, we can't exist independent of ourselves. The world must exchange core moral values and culture for it to exist effectively. It's through that most European nation become civilized before us and that the level of technological advancement that's evident in their region is superb compared to what is predominant here but it's just a stage that we are currently working on.

Have you seen brilliant African guys that are doing great things with their skills and not complaining and speaking ills of her continent like you're currently doing? The African man has been so blessed with natural and mental resources that's not fully hearneese yet and we've got big businesses men that are doing well for themselves in the global stage. The world is designed in different context and maybe if you stand up from your complaints and sit your ass down to do the right things, it will go a long way in making Africa better than mere talking here and their.
223  Local / Nigeria (Naija) / Re: A perfect opportunity to upskill for free: on: March 25, 2024, 05:50:21 AM
.
For those that want to upgrade their portfolio by learning more digital courses, this is a perfect opportunity you will have to cease. The registration is opened till the 30th of this month so you're free to register now or pass it on to someone that's in need of it.

Here is the link for the registration and any possible detail you would want to get https://col-skillsforwork.org


wow! This one na legit update when I need aswr.

To get courses on udemy de cost around 100k and I no even de sure say the certificate de included. As na international organisation de pay for am, I believe say e de possible say na legit update but if like say na from one of our nija NGO, I for know say na another wayo when no go work out at the end of the day.

Thanks for the update.
224  Local / Nigeria (Naija) / Re: Wetin fit make an experienced Bitcoin hodler to sale during bear run? on: March 25, 2024, 05:42:57 AM
I just sidon dis afternoon come de reason wetin fit to make a Bitcoin investor wey get di knowledge of how di Bitcoin cycle de work to sale during bear run, because i feel say no be clear eyes for investors wey know wetin de to sale during bear run. E must be strong financial need wey go make experienced investors to sale during bear run. Abeg which reasons una feel say e go make experienced Bitcoin hodler to sale during bear run?
what you are looking at as bear run might be a bullish for other depending on their Bitcoin accumulation journey. Depending on the worth of Bitcoin at the time your bought Bitcoin, this current value of Bitcoin could be your bear season or bull season.

Let's take for instance you bought when Bitcoin was at $30k and your plan was to hold up till it gets anywhere around $60k before selling, the current $67k is obviously in your profit region and if you decide to sell now you're still okay, even if Bitcoin gets to $100k and dumps back to $70k, it might appear as though it went bearish too much during that $70k but considering it rate at the time you bought it, you're still better off selling at that price rather than  waiting till it gets to the speculated $150k price.

In general, people sell off their holding either because they have reached their goal, they have an emergency that's too demanding and that thier emergency fund can't sort out  or a new ATH is too high that they aren't sure Bitcoin can go further and so it will only be reasonable for them to sell at that period to maximize the best profit out of their investment. But if you've sorted out how to effectively manage your emergency funds, it's going to be deficult to sell during a bearish period to be honest.
225  Local / Off-topic (Naija) / How do one sort out money sent to wrong palmpay number? on: March 23, 2024, 01:06:03 PM
Na today I know the importance of being careful whenever person de do wetin concern money oh.

See me when go somewhere with my last physical cash come say make I withdraw money as I de return, in the process of transferring the money through my opay app person engage me with conversation and as I put th account number see say the palmpay tally with wetin de the guy paper, I come forget to check the beneficiary name just send the money like that.na after sending the money my eye clear say i ommited the last number and send it to one hausa guy like that.

If na Opay I for easily call the person via phone but as na palmpay I don't know what to do at the moment. The money na 5k and I know say e no too big but e de possible say I fit recover this money? If anybody knows how I fit use contact the person when get the account or report the issue to palmpay e go make sense.
226  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 22, 2024, 07:50:02 PM

There is likely going to be variance with pensioners, and part of the presumption is that any kind of pension is usually not going to keep up with the cost of living, so some pensioners might have other sources of income and other pensioners might ONLY have the pension as their main source of income.  So early in their pension time, their pension may be covering all of their needs and they might have extra that they are able to invest, and perhaps investing in something like bitcoin could help to off-set their pension payouts so that if a pensioner might invest in Bitcoin for 4-10 years or longer, then at some point he might start to draw from his bitcoin investment and the amount that is drawn would then supplement his pension income when the pension might no longer have as much purchasing power as it used to have in its earlier years.
one of the reasons why it will be deficult to talk about investing with proceeds of pension is that the amount paid for pension is usually small and during those period, the person receiving the pension is normally out of work and would in most cases not have an alternative means of income except he has probably made investment while he was still in active service.

What would have worked well for most public workers is that the amount that's taken out of their monthly salary for the purpose of pension would have probably been invested into an asset at least five years to thier retirement and they will be allowed to take it out at the time of their retirement.

Most countries like mine has a routine of taking 8% of your monthly income which will accumulate to what you will receive as pension after retirement, it's mostly calculated before you receive your monthly pay and the rest comes in as your salary. If you work for an average of 30 years, then imagine if that 8% of your income was actually invested into an asset instead of lucking them up to be paid in installments at the point of your retirement. This goes to show the value of the knowledge we have now with respect to investing using the DCA strategy. What they where doing is basically saving in fiat using the DCA strategy but because fiat is subject to inflation and don't really gain value after all the years of saving, the value of the amount that's being paid as pension end up not good enough to sustaining most retired people and some that should have been enjoying thier retirement benefit and would have reached the fuk you stage would find themselves in a position of thinking about making investment at an old age.
227  Economy / Gambling discussion / Re: It’s unlikely that anyone besides you will be happy with your winnings. on: March 22, 2024, 07:08:37 PM
I would like to discuss this topic, the joy of victory. Much has been written about this, but nevertheless it will always be relevant. Many players naively believe that someone other than themselves should be happy about their winnings. I don't think so. Of course, those closest to you who directly or indirectly depend on your money will be happy about your winnings. But neighbors, friends, work colleagues, at best (at best!) will receive the news of your victories with indifference, and at worst, with envy. I know that many friends and acquaintances get depressed when they find out how much you have earned. For them, it will be an unnecessary reminder of their failure. Often friendships end after one person becomes very rich. People lose common topics for communication, common interests disappear. Of course, things are different in sports betting and trading than in business. Here success is less stable and a person can often fall back into poverty more quickly. But it’s still better to hide your victories from others. I've seen many clear examples.
it depends  on the amount you win will determine if people will envy you or not . The higher the amount you've won, the more you should keep it to yourself.

The same people that will criticized you hit you didn't win will be the same that when envy you so you see why it's important to keep your losses or winning to yourself. People generally that act positively when someone that's close to them is doing better than them and even your fellow gamblers won't be too Happy with you if you've been regular with your win while they're not. I will always prefer you to do all your gambling at the comfort of your home and keep every wining to yourself. If you're engaging in a gambling act that requires you to physically visit the location, then you try as much as possible to be discipline enough not to share all your gambling history with random people you see in the environment.
228  Economy / Gambling discussion / Re: Paper Betting- Would You Consider it if you Were to Start Sports betting Again on: March 22, 2024, 10:50:19 AM
If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.
Quote
Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/
It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?
It doesn't make any big deal. For those that haven't learned about sports Gambling and are probably non conversant with it, it's more like a demo that can serve as a guide before the main game.

Thier is nothing like not risking Money. What brings out the real fun in gambling is when you've played with money and so after playing the demo, you will still stake with money so it's not an issue at all. The question should be that, what happens when you only play demos without staking real money, is it still Gambling?
229  Local / Off-topic (Naija) / Re: Relationship in-between greeds and financial management on: March 22, 2024, 07:03:37 AM
Do you believe when you are disciplines with your finances, the society would always feel you are greedy to yourself? Or do you believe disciplines has as balancing relationship with greeds when chasing after your financial freedom?
one of the major course of the ills and high rate of crimes we have in our society is the rate of peer pressure that's coming on an average youth. Except you've not related with your fellow youth that are living extravagantly, you wont know how negatively impacting they can be. it's always normal that they will attempt to talk you into living above your earnings whenever they know that you have the means to.

This normal phrase you don big pass this thing na, has made people that are normally meticulous with thier spending to become reckless and go broke in no time. One of my guy will normally tell me, guy! how do you even manage 30k a month? You de fuk up oh and this 30k was what i was used to spending every month as a student then, and you know the way the human brain is networked, as long as you are consistently receiving these statements, it won't take time before the urge to increase your expenses comes in and before you know, you've joined them in squandering whatever comes your way.

It's best to keep boundaries and let your friend know their boundaries when relating with you so you don't give them the room to give you wrong advice or influence you negatively.  know that every of your friend has his limitations in the kind of role they play in your life. You might not necessarily cut off from some of your friends that do drugs or leave a certain life that's not in line with your personality but you can define the kind of relationship that you keep with each of them which will go a long way in shaping how you take the kind of information that's coming from them.
230  Local / Nigeria (Naija) / Re: Don't be De-motivated By the current faith in Cryptocurrency in Nigeria on: March 22, 2024, 06:41:52 AM

The cryptocurrency space has nothing to do with the government and only exchanges do,  so I advise you to continue to keep building and never allow all the fake news and blog posts to eat up your time and energy,  just focus on your Bitcoin accumulation and pay less attention to the news.
from the onset of the whole agitations and transfer of aggression by the government on the crypto sector, I knew it was just minor show off to shift public attention to the crypto space and leave the main course of high cost of living which is a result of the failure of the government.

It's just been few weeks after they took the whole crypto thing on their head and we can't hear anything from them again. Don't be surprised that with time, binance with function 100% in this country with zero regulation and almost everyone will forget about this whole season. Our people has this provide that water uses several sources to cover sea shores and that's what's happening in the Nigerian crypto space. Their are several alternative exchange outside of finance and they might have succeeded it regulating binance to the best of their strength but we still continue accumulating and increasing our portfolio regardless.
231  Economy / Gambling discussion / Re: Feelings on losing the match and the bet on: March 21, 2024, 02:31:19 PM
Do you feel sad when your favorite team loses a match and the bet (if you had placed a bet on that match)?

It is part of every sport where a team loses and a team wins the match. A team is happy and a team is sad, not only in cricket but in other sports too like basketball, volleyball and the last best sport Football.

Also, a match isn't considered a loss but if that match is a final, semi final or such a big match for example between two rivalry teams then it will be like this, but at the same time for us, even if the match isn't important in the context of the series but we place the bet and lose it, it's our lost booked and there are no second thoughts about it.

When your team wins you have happiness. Everything goes wrong including your mood and emotions if the team on which we place the bet loses the match unexpectedly.
no one gets excited when his team has lost in a game and it even gets worse when you've made a stake in favour of your team and they end up loosing during the game. Their are individuals that after there team looses a particular game, they even end up transferring aggression of their partners and might get provoked about any slight issue that comes up in the home. Even if you don't want to become emotional during such circumstances, the truth is that you can't because that's how it's always been.

I can remember vividly during the Africa cup of nations finals when Nigeria played against ivory coast and the game was gaining high momentum, I just left the TV and went out to talk with a friend till the match ended and throughout that night I wasn't myself. Team spirit isn't something that you can easily control and to be honest, it's even easier to control your looses than control your reaction when your team loses a game.
232  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 21, 2024, 01:43:01 PM
With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.
Bitcoin is a solid project, and I think there is no need to analyze the market before we can accumulate bitcoin because it might delay us from accumulating our bitcoin on time. That is why it is good to adopt the DCA strategy to accumulate bitcoin. With the DCA strategy, you will not have to analyze the market; you can accumulate bitcoin anytime your fund for DCA is readily available, and you can even accumulate bitcoin when the price is increasing or decreasing.

The market is already pumping again and some are already getting excited about that while some remain being complacent in their decision making process because they are afraid of what may comes in next, though I've seen some that are saying the market may dump further but this isn't the reality with what is currently going on because we are still in the bull season, only the few who already took advantage on investing during the dump are now happy on their decision, when the markets goes dip, then we are expected to buy the more if we can afford to, we should be getting ready for more pumps and bullrun as we go closer to the month end and approaching halving the more.
How do you comfortably bother yourself about every pump that's going on in the market or a sudden dip that you just witnessed? So you want to tell me to be bothered that Bitcoin was down some days ago and then become too excited that it's gradually going up again? How long can I continue with that mix of emotion before I get frustrated with my investment and probably sell off my bought Bitcoin due to impatience?

If we are ever afraid of what might happen next with bicoin value then it's possible we are still looking at Bitcoin investment as a ponzi scheme and not something we can hold on for long. If you've gone back to look at the past trend of the Bitcoin market maybe for the sake of knowledge, you will notice that it's never a linear movement if we are looking at it from an infinitesimal point of views like in days or weeks but if you look at the past trend of Bitcoin from a brother perspective like in years, it becomes obvious that the trend has always had what could possibly be looked at as a kind of linear movement because with time, the value of Bitcoin in the future will always exceed the amount you used in buying it which should give you the needed peace of mind not to be bothered about a one or two weeks upward or downward volatility. It's not wrong to try to buy more when you're at a dip or kind of smile at the market when you're gaining but regardless of the trends, you shouldn't allow it bother your mind as it's certain that if you continue with your holding, you must certainly reach your goal.
233  Economy / Gambling discussion / Re: Africa Football Discussion || Current Topic: Worldcup qualifiers - CAF. on: March 21, 2024, 12:53:54 PM
Who is following up on the ongoing 13th African games that's taking place in Ghana?
Just a run down on the medal table; Egypt is currently taking the load with 167 medals already and Nigeria is at the second position with 90 medals in the bad followed by south africa who currently at the third position.

Here is the table as it stands.
What's your take on the ongoing African games?

234  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: March 21, 2024, 08:40:01 AM

If 100 a day is too much, maybe try to start with whatever "K" the Bitcoin price is at and work your way up to 100 along with Bitcoin.  Smiley

Who's in?!?!?



WOW! This is the real shit! I just like this idea and I'm tagging along ASAP.

I will be working with every Ks Bitcoin attains in the different days this push ups will last and I'm hoping by doing this it brings back my long forgotten fitness routine back on board.

Keeping the body fit is a necessity we shouldn't neglect regardless of how busy our schedules are and I'm jumping right into doing my first 70 pushups for a start to mark the movement from the current $67k to 70k.
235  Bitcoin / Bitcoin Discussion / Re: Bitcoin proven many times holders won't regret on: March 21, 2024, 06:31:45 AM
If we see the history of Bitcoin, then it's pretty easy to see how Bitcoin recovered its price. It would take time to recover, but eventually it did. So at the end of the day, holders don't need to be regretful. I am talking about Bitcoin, not about any other altcoin. Because even though the Bitcoin price has recovered, many altcoins haven't recovered yet. Even those who bought Bitcoin at the top in the last bull run, I believe they are almost recovered. If they are still holding, they will be in profit within a couple of months. Bitcoin has given us a costly lesson that holders won't regret. We should take that lesson and keep it in mind for the future. 
this is absolutely  true. The fact that thier hasn't been a previous ATH that's equal to the current ATH goes to show that holding Bitcoin is the best way to go and will always put you in profit.

I know for some that started off as a trader and that are looking out for immediate returns, holding might not look like the best option but if you're considering making a real time futuristic investment, then their is absolutely no substitute to holding. The advantage with holding your Bitcoin till you reach a set out goal is that it gives you the ability to accumulate more Bitcoin while you're still holding and do so over regular intervals of time which will increase the quantity of your holding before you've reached your goal.
236  Local / Politics and society (Naija) / Re: Elementary Economics or What Alternatives? on: March 21, 2024, 06:10:44 AM
Limitation on the rate of dependence on imported goods and shifting of interest to locally manufactured ones isn't just a theoretical concept that's just taught in the classroom and not being practiced in Nigeria. Most of the economic concept we've been thought in high school is applied in moving our economy to what it his now, the only thing is that we have a complex economy and we are also dealing with humans and so you can't have an ideal situation as prescribed in your regular economic text.

Thier had been different programs both from the angle of the state government as well as the federal government in ensuring that our local agricultural sector is working again but the reality is that most of us are too obsessed with white collar and work from home jobs and not interested in the  agricultural sector. I know the government might not have been too supportive with regards giving the needed training and incentives to those in the agricultural sector but if we're sincere with ourselves, starting local production of agro produce isn't always expensive and if the knowledge we've gotten from school is useful enough, we can decide to shift into that sector and still make a fortune out of it.

It's not always going to be that the government must provide all the needed support that will guarantee us bouyancy economically, we also have the responsibility of improving our rate of dependence on import goods. Some of us have backyards that are fertile enough to support planting of peppers, onions, bitter leafs and other small agricultural product but wouldn't do so and will have to depend on the ones we get from the market. That's were the problem start from  if we decide to make use of our fertile lands to it peak, we won't just have a national economic liberation but our individual house hold will be liberated also.
237  Economy / Gambling discussion / Re: A call to self-examining our gambling habit. on: March 20, 2024, 04:06:24 PM
As gambler when last did you self-examine your gambling habit to create that awareness based on how you are gambling in order for you to be quite sure if you're within a considerable or an acceptable range of a gambling habit that is void of addiction or the tendencies of gambling addiction.

I think that it depends on what kind of a gambler you are, if you're someone that's discipled enough to know how you go about your gambling habit, then you don't have a problem at all. For me, I usually have a busy work schedule during the week and before I'm home, I'm mostly tired and will just catch up with relatives after which I exit back to the bed. My gambling seasons has always been during weekends mostly on Saturdays and it's mostly in the evening so I doubt that's goong to possibly lead to addiction.

Those that are to be worried about are individuals that don't have a steady streams of income and that are probably using gambling as a possible source of income, it's deficult for them to even check up on thier gambling habit because for most cases, they are mostly addicted already ane have to figure thier livea out before thinking about cutting down on thier gambling habit. If they are able to figure their lives out, then regulating their gambling habit won't necessarily be a big deal.
238  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 20, 2024, 03:53:40 PM
Investing in Bitcoins must be done using the DCA method, as you need to have regular investments. If you invest in high speed market you will invest regularly in dumping market. Then your average price control will come and your investment will be successful. So you can make your own way of regularization from the list.
Please this is not correct, there is no law that says investment in Bitcoin must be done through the DCA method because the DCA method is just one way of buying Bitcoin and not the only way. There are other methods and even the caption of this thread mentioned buying the dip which is one method of buying that is also great. It is not right to send the wrong or incomplete message out.

I have seen many great investors in Bitcoin who were able to share their story and most of them never used the DCA method, they just bought when they had the funds and were not too interested if price was low or high because their believe and trust in Bitcoin was high so they believe that the investment will not go bad especially as they planned holding for very long time. It should have been clear to you by now that the success of a Bitcoin investor is highly dependent on how he manages the investment than how he made the investment. So being able to hold your Bitcoin after getting is very important and should occupy most of our planning because any method used to get it is fine as long as we make plans to hold it while living our normal lives.
I can't agree less with you. The thread has made it obvious that buying during the dip is an option and along the conversation we've come to see that their are other fantastic methods that works also well like the use of the DCA methord and the lump sum purchase.

That you're applying a particular method doesn't mean any other person that isn't using that methord is doing anything wrong or different. What's important is that you're are able to meet your goal at the end of the day. To some extent, I don't blame those that make such conclusion that the DCA method is the best methord. It's probably because by virtue of their financial level, the only thing that can work well for them is the DCA methord and so they just need to stay fixed on accumulating some amount of satoshis even if it takes them years to meet thier investment goal. Outside of the DCA methord, Buying during the DIP is very profitable and like you've rightly pointed out, some persons don't even have a defined methord of accumulating Bitcoin. All they do is that whenever they have the resource, they just buy and wait until they have another resource and then they buy more.

It's good we understand that it's not everybody that are orderly with their investment. Some can't be disciplined enough to try buying with the DCA methord because if they ever try it, it won't take them up to the third month before they start skipping their investment routine. Such people might necessarily have to push out whatever comes their way immediately because it's possible they aren't good with income management and so what might be their best strategy would be lump sum purchase. No doubt, the DCA is good especially for someone that's disciplined enough to continue for a longer period of time. It will certainly increase the quantity of your holdings but outside of the DCA methord lies other methods like buying during the DIP, making lump sum purchase and doing a combination of them.
239  Economy / Gambling discussion / Re: Football teams create a kind of community on: March 20, 2024, 07:51:18 AM
Recently I've been reading about the tension and division that football can put amongst people making it look as tho they are part of a different community or even county, like when two famous clubs are playing, and members of the same family or friends would be against each other forgetting other bonds they once had and going all out to support their club or née family they belong to.

The point is why does football create such a tension and division that can even result to fight and dispute sometimes.
such tension are just momentary and doesn't last long after the match.  It always intense at the stadium and less intense for those watching from home. Club matches don't always come with such emotions that can possibly result in fights and dispute most expeciall to love ones. What has always resulted in long term sentiment and in some cases fighting is country or communal matches where everyone would normally wish there country to win and it's just mostly aggressive at the stadium for those coming into the host territory. I think recently a thread was created about some fans being killed when they were showing off themselves too much during a particular game in an opponents camp. Football normally comes with tension so to be on a safer side, when watching, do it from the comfort of your room and if you must visit the stadium, engage in supporting your club responsibly so you don't bring problem on yourself.
240  Local / Nigeria (Naija) / Re: Price fixing and control on: March 20, 2024, 07:14:44 AM
To some extent, you can't blame them. The same way you are complaining of fixed price is the same way they are also facing issues when they go out to stock their shops. The price of goods has never been fixed in this country and this moment you buy a goods at the rate of 60k and the next it's 80k and then 50k what do you expect of them? The thing is that they wouldn't want to be in loss regardless of how you look at it and so when they buy at a certain high price, you don't expect them to sell in an amount that will put them in a loss.

I know certain malls do add something to the company price just so they can get small top ups but you still have the final decision if you will buy the goods or not. It's not going to be realistic that the government will regulate price of goods except you want us to go back to the military regime. Business exist firstly for the sake of profit and how much profit a particular shop owners wants his totally his business.
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