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221  Local / Politics and society (Naija) / Re: Better CBN governor on: April 16, 2024, 04:18:16 PM

I am confused.

Don't be confused. However, me I no dey here to compare the two but we go know say politics na something wey be say interest is the key factor to where you go put your head. During the tail end of buhari administration, we no fit really explain wetin government want or do or try to achieve as aim and objective wey make Nigerians no understand and till today it is still political and difficult to really give explanation on wetin dey buhari mind or emefiele.

So now if you get the right things done by pushing out dollar wey you pack keep for house and paying up backlog of dollars then you go expect say Naira go dey appreciate. Moreover, when buhari comot, official rate na around 440 naira per dollar and BDS na around 750 to $.
222  Local / Nigeria (Naija) / Re: Don't panic just hodl on: April 16, 2024, 10:47:29 AM


Even though at any chances the dip continues, it means you just got more lucky to buy the dip accumulating Bitcoin when there's decrease in prices. The reason most people do panic and endup making the wrong the decision, is because they have this habit of comparing bitcoin to other shitcoins they may have encountered, with the Idea that Bitcon may not recover from the dip like other shitcoins that experience dip without recovering back . Well the truth is that bitcoin ain't like those coin despite the dip bitcoin will always bounce back stronger.


The obvious fact be say when bitcoin dip, it will recover and pass even your previous buying price to get another ATH but the thing be say people dey fear say make the value wey dem get no run down. Like currently now some people don dey count loses say dem for sell at the time wey deir coins rise and their wallet look good. Usually investors like to see say price go just dey go up and not down but that is the tradition say price must go down and must come up. This week we go hit another halving and yes price fit begin run go down but definitely it must go up at a time this year later after the halving, so to hodl no be foolishness . If you want to sell you may be selling at a very ridiculous cheap price.
223  Local / Nigeria (Naija) / Re: My emotion is going biased with the current bitcoin market volatility on: April 16, 2024, 09:47:52 AM

So I needed to ask this; does long term Investors do sell their coins in periods like this and accumulates again during the Dip and Halving by applying the DCA method?

It is possible and every hodler go wish say dem sabi when the price go drop so dat dem fit sell and go down to buy more in cheap price but na who know when this dey happen be the koko .


Or they just keep accumulating and topping up with their initial holding?


Usually if price drop, na time to buy more and people dey buy as price dey drop.


Because there'd be much lost counts if logical measures such as to sell and reaccumulate again is not applied in such situations.


It is still risky to sell and buy back with the hope say you go buy cheap. If price go down, e fit still jump beyond you before 24hrs and you don miss am be that because you go see am say e don dey high. So the best thing be say if you be longtime hodler, you fit just close eye leave your coin until you take your profit for where you want am.

So amongst us here who's feeling emotional biased with the current volatility of the bitcoin market?

Newbies  Grin People wey don dey here and hodl some coins understand say price dey drop and after that it will rise and moreover now the expectation is high as with halving wey traditionally dey increase price.
224  Local / Politics and society (Naija) / Re: Is Dollar The Cause? on: April 16, 2024, 09:25:02 AM

Wetin be the main reason for this particular one?

Na inflation problem no be dollar. The government go try put hand take draw the price of fuel down. Na the price of transportation wey go make commodities wey dey for local consumption go down. Even when importers carry market come like building materials, custom dey charge no be small plus other costs wey you go run for corrupt offices before dem go gree release your market no be small money. To clear 40ft container now I hear say na around 14/15 million and so naturally dem go add am inside the products wey dem go sell. So before we go begin feel the impact of the current reduced exchange rate, the government go put hand for petroleum products and na that one go drop transportation cost wey local people go know and feel before dem too go drop price.
225  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Market seems in correction mood on: April 15, 2024, 04:22:31 PM

Is it natural Or it could be cause of bitcoin having which is going to start a week later. What's your opinion?? Some people mark Iran attack isreal issue as responsible of this current market situation

It is suppose to be natural, the time of halving the price drop more probably because of uncertainty. This is the first time I believe that we have price creating a new ATH even before the halving. Things may be a little different with the drop that is unexpected with the way that it started dropping just after the threat between Iran and Israel and that is the reason some people have felt it is because of the wave of war that investors are pulling their coins and causing further drop but we know that after rain come sun, that halving is just few days and after that the bull is expected.
226  Other / Politics & Society / Re: Why democracy is stalling in Africa on: April 15, 2024, 03:31:09 PM
Those who fought the military have not been able to build institutions that will help install sane and transparent leadership. It is more of selfishness that they have done all that because they want to also go into power. Those who fought the colonial administration were more focused to reshape the African soil, people like Mandela of South Africa, Julius Nyerere of Tanzania Kwame Nkrumah, Nnamdi Azikiwe, Milton Obote of Uganda,  Robert Mugabe of Zimbabwe etc did more than those whose aim to fight military is to go in there. No wonder that military government has started returning to some African countries because the people are no longer happy with the style of democracy in Africa where there are no institutions and the president takes charge of other organs of government.
227  Economy / Economics / Re: Invest on your dependants if you too must grow further on: April 15, 2024, 02:44:40 PM
If you have financial knowledge/intelligence, you can try to teach people who are dear to you, suggest finance books to them and support them financially in the little way you can. But i don't think you should "invest" in them, if you take up too many responsibilities, you might run the risk of going broke yourself, i always advise people to live for themselves and help people only in a way that would not affect you financially.

Rightly said but I think the investment in them is also to do those things that they can't have both the financial resources to do or the contacts they need to grow, that is investment. It is not to give out money for food or clothing but to help them become useful either by vocational training or education but to help and see that they are able to help themselves and grow in life. To me I believe human capital development is the best kind of investment someone can do because if for instance you need support yourself, those that you have helped would come to your aid. But however, it is not because of future support in return that you help people but you do that as you have capacity to help.
228  Economy / Economics / Re: Prioritizing strong foundation over quick gains on: April 15, 2024, 12:03:57 PM

Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin  that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.


I see your point here on trying to invest in long time so that profit in the future can be achieved but cryptocurrency is not to be considered as such investment. Both meme coins and Bitcoin are all under cryptocurrency and they have almost same characteristics in terms of profit and losses. Cryptocurrency is known for profit during bull and so what happens after bull is bear. During bear, no crypto is likely to be profiting so the difference between bitcoin and meme coins is that they may be valueless while btc retains its unit but profit may not be reached but depreciation of price. So at this point btc is also not profitable and it means the investor has no profit to him. Therefore, I don't think bitcoin will be the best type of investment that you are referring to. You make profit in Bitcoin but it is after a long while in hodling except you are luckyly trading it.
229  Other / Politics & Society / Re: Can Israeli Army standup against Iranian Military on: April 15, 2024, 08:37:22 AM
Well a simple thing to say is Israel should allow for peaceful dialogue and not to put the world in WW3 because this back and forth with Iran is going to instigate more blocs into this and there is no no to further cause hardship in the midst of inflation. Israel is banking of support from US and the Asian countries at a point will also give support to Iran and Palestine, we already know where this is going to head to. The world need peace not war.
230  Economy / Speculation / Re: Inflation and Bitcoin's Potential Impact on: April 14, 2024, 07:07:09 PM
Inflation doesn't really have anything with bitcoin, they are separate channels. Inflation is usually a factor that affects the fiat currency and not cryptocurrency.  Bitcoin has a max supply and does not reduce in unit. So it is not a product of inflation as it is deflationary. Demand and supply interact with bitcoin direct so that it price could go up or go down but its unit remains the same unlike fiat that printing of more notes alone could be an original plan to increase the rate of inflation affecting products, goods and services.
231  Economy / Gambling discussion / Re: Geopolitical Tension and its effects on Gambling on: April 14, 2024, 05:01:51 PM

Do people gamble less when they see such tensions around the globe?

Of course war reduces your comfort and activities. In fact, the things that you want to do you will be restricted from doing them because of the activities of the war and you trying to keep safe. People who are in war zone are restricted one way or the other. People in the country that are in war may have electricity, internet and other amenities cut of from them and that is where the compulsory restrictions come in. If you don't have internet connection, you can't access the casinos and even those offline gambling houses may not operate because houses would be destroyed. I watched how Ukraine was destroyed and their electricity, gas supply, internet and so many facilities were destroyed, so how would you gamble when your primary aim would be to survive.


Will the gambling sites/bookies will have an impact on this situation?

Certainly, they will be run down as there will be low patronage which will affect there business. Some may pack up when they won't be able to generate funds to manage and maintain their site and pay workers.
232  Economy / Gambling discussion / Re: Where would you prefer to watch your favorite team? on: April 14, 2024, 04:01:16 PM
Most people prefer to watch football match with other people either in viewing center or with friends. Yes to watch football match alone is boring.

You enjoy the match more where there are friends who you can discuss, argue and analyze the game together. Some people leave their comfort zone where they are suppose to relax and watch matches and then go to game houses even far away to watch football match with friends and like minds. But nothing can be as boring watching football match with someone that barely understand the game, they want you to forfeit it for another thing entirely because they don't have same passion.
233  Economy / Economics / Re: Some attributing factors to the high cost of petroleum products in Nigeria on: April 14, 2024, 02:55:19 PM
Subsidy Removal:You know, when there's fuel subsidies, it means that the price of fuel is artificially lowered for consumers whereby our government absorb some production costs. But when this is no longer the same, distributors are are compensated anymore therefore leading to high cost of production and distribution hence, the effects on the final consumers.

No, I do not agree with this analogy to be a reason for the increase of petroleum products in Nigeria. Subsidy for a product means that government is taking over a certain part of the price of that product while the people pay for the other part and so if the government decides not to pay for it anymore then it means they would let go off there side and allow people pay for all the price. Although, it increases the price but that was because there is no subsidy again. But basically, I think your second part of your point is understandable, the exchange rate. I think exchange rate is a contributing factor to the increase because it increases the price but now that the exchange rate has really gone down yet no reduction in price in petroleum products or any other commodity

I believe it is interest of parties and politics that is holding the price from falling. Some people are feeding fat from Nigerian economy.
234  Economy / Speculation / Re: Bitcoin Analysis - What's coming Next? on: April 14, 2024, 01:06:32 PM
Every price in future is just an assumption and people are making such assumptions based on past halving so I think that the current dump is for sometime and it will increase more than 73k$ but it is not sure that will it happen before halving or after halving.
I think you have mistakenly posted your comment two times, I suggest you to delete the second one as it could cause troubles for you because when your campaign manager finds it or someone reports it then you may face issues.

Bitcoin has dumped to $63k values and now it's a major dump before halving event. Let's see how low it will go before halving and after halving how high it may reach. I believe it could dump even more because the huge investors want to dump the price of Bitcoin so they can accumulate more of it from the weak hands.

I think the dumping may still continue before the halving and not just because the halving is around the corner but with panic of war with the warning US gave that any assult on Israel is same to US. So this panic is capable to create an atmosphere of fear on investors who are likely going to be selling off and causing more panic so that more weak hands will let go of their coins and they could buy in again and ride for the bull. Well at this time there seem to be uncertainty created around the price now, Bitcoin was 70k yesterday and today 63k yet dropping.
235  Economy / Gambling discussion / Re: Making bets with my stupid friend on: April 14, 2024, 06:52:05 AM

or the winner returns the money to the loser, as we realize very well that none of us can take the other’s money.

What you are doing is not gambling, it is emotion that is leading you too


Do you make bets with your friends?
What do you think about this experience  ?
 

Gambling with your friend is always like that, that after the other person lose you will return the money back to them. Friends that are close don't stake their money against the other because they see themselves as one or do someone gamble with themselves? The answer is no and that is the basis of the emotion attached to gambling with your friend. It is always not a serious gambling but emotional based. Friends do that sometimes to only prove that they know and understand what they are saying. However, friends that are not very close do gamble for the real gambling itself and even fight on the spot of gambling.
236  Economy / Gambling discussion / Re: Why do some people hide to gamble on: April 14, 2024, 06:24:54 AM

We gamble freely when we have nothing to lose. Hiding gambling activities is understandable, you never might have a knowledge and recognition of top influential men in the society, maybe seen pastor gambling, how will you feel? You will quickly assumed the pastor uses tithes and money generated for church projects to gamble, that's the actual sense of your reasoning, that's why we should become more careful with our day to day activities and ensure they're been discreet.

You have brought a twist to this part of the discussion with your example. You will be surprised that some people who stand on the pulpit to preach about Jesus Christ still do gambling in their secret place then forgetting that Jesus chased away gamblers from the synagogue with anger to signify he doesn't like it to be done by those who are suppose to show examples to others. The point is that people actually gamble in secret to conceal themselves from people criticizing them because of the way they are known.
237  Other / Politics & Society / Re: I disagree that each person has the right to choose their own path in life. on: April 13, 2024, 10:12:21 PM

Consider the best footballer in the world like Messi and Ronaldo from a different angle. Their children play football; are you arguing that this is their destiny or that their parents are pressuring them against their will?
 

This depends on the career part that parents are, the children sometimes fall in love with the career by themselves. They see what is accruing from it financially and they want to join it. Another is apart from the money, they grow in passion to the job that they see their parents do and gradually take up tools to begin to learn and practice it. Then another is the angle of the parents choosing career for them also because of the prospect of it and they want their children to go into it.
238  Economy / Gambling discussion / Re: Why do some people hide to gamble on: April 13, 2024, 04:45:50 PM
So at this point I decided to bring it here to know or see different views from different intellects here on why do some people hide just to gamble or if it is the best way to gamble ?.
There are people who know that there are people who consider others who gamble as irresponsible, and because these people still care about the opinions of those people, they tend to keep their gambling a secret and hide their gambling from others who are especially not gamblers. Then there are others who know that they should not be gambling, maybe because they are underaged, not financially in that position, or even their religion, these people will hide whenever they are gambling.

This is definitely about upbringing. There are gamblers today who grew up in homes where there both parents and relatives condemn gamblers either because they are religious or tradition don't allow them to gamble. So when these set of people see themselves as gamblers they want to hide away from people knowing exactly what other parents and people who don't subscribe to gambling would be saying on them. It is just the way it is that when you see people who hide to gamble, you just understand that such factor can be responsible for that or they themselves are not ready cool with it but they are only trying to double their money in secret whilst they criticize gambling in public.
239  Economy / Gambling discussion / Re: Land Based Casinos in the Digital Age on: April 13, 2024, 12:20:01 PM
.

And if you sense some feeling of convenience, online gambling is the way.

This is surely one advantage of online casino against offline games. For online, right there in your comfort zone in your house you are just there and playing your game at ease and your own comfort which is not same as offline. Offline game houses are mostly inconvenient and having much traffic of people who may not have taken their bath for a long day. This is what discouraged some people that I know when they want to bet , they would rather make the prediction and send someone to go make the stake for them. It is just few online gambling house that are convenient depending on the area that they are established.
240  Other / Politics & Society / Re: Ever since I joined this forum on: April 13, 2024, 10:19:08 AM

Yes, they have hacked them. The person that contacted me that if I called the police on him he would go to jail and I will live in hell. But being frightened when I was initially attacked years ago I immediately called the police unknowingly who or what I was dealing with.


If you are serious about what you are reporting or saying and not just hallucinations then the police should be able to go in and know what exactly is your problem and the reason for your threat. Did you eliminate any gang member that they are on your life, so what is it? The police is able to help you depending on your country because some police in other countries would not really give you such protection but frustrate you more by exposing information that you have given to them about your attackers. Well I still feel you have not given a proper information about what you are saying.
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