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2321  Economy / Economics / Re: How Long in Years Should I Wait Before I Close Down an Unprofitable Business on: August 02, 2023, 06:59:55 AM
The hardest thing for entrepreneurs is to be able to survive and not loss in the first 3 years, according to the results of a study from experts, it takes at least 3 years for entrepreneurs to know whether the business will be profit or closed, unfortunately when 2 or 3 months loss then many are impatient so as to close Business and thinking looking for other business opportunities.

If you will allow a business to be ran in three years with out profit that depends on the nature of business especially if it is not the business you expect to feed from directly for survival. If it is a family business that is based on consumption then you need to hit the ground running. A business where you expect not to make profit in three years, you also must have prepared salaries for those taste starting it, maybe that is the area that op was making reference with the excerpts he made. IMO, three years duration of waiting for business to start bringing out profit is quite a long time.
2322  Economy / Gambling discussion / Re: Who is to be blamed, the gambler or the betting agent on: August 01, 2023, 07:52:35 PM

As they say, prevention is better than cure.

This is not for gambling. For gambling, usually what you are seeing is the winning. Taking of risk is what gambling is, if you are not a risk taker then maybe gambling is not for you and maybe that is the sense that prevention can be apt but as a gambling then you are only heading for the winning. Most gamblers don't see limitation to what they want to bet until they are finished with it and the result is out to their favour or not. There are no prevention if you are a gambler, it is only those who don't gamble will run away after losing.
2323  Economy / Economics / Re: Reason why you will never become rich on: August 01, 2023, 07:35:31 PM

Changing one's position is not the most important thing, living well with family is a very important thing. Money is not permanent, you have a lot of money right now, you may not have that money at some point, so it is never right to avoid family responsibilities just to increase money.

Having family obligations can be balanced with your daily life. The best way to support the family is not just about giving money but to offer real help to train members of the family to be independent and self reliant because money will finish some day or may not continue flowing like you said, so if you have succeeded in taking part of the family out of poverty earlier enough, when the money stop coming, you can also get a helping hand. Life is a circle and we have to move with it.
2324  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin (DOGE) on: August 01, 2023, 04:32:57 PM
It brought attention when Elon Musk joined the Dogecoin run. But before that, it was just silent, and not most people know about it. It's just there, existing.
Now, because of what EM did many developers tried to recreate the same thing and expect to witness the same effect as how Doge did. But, let's face it, that won't happen, I hope. I am good with one meme coin in the market, creating more will diversify the money that is supposed to go to other projects with real use base backgrounds. Or, are we just going to waste our time and money joking around with this type of coin which we all know will not really help the technology of the future? They are just there for the hype and for whales to make money after manipulating it.

That is the hype that Elon musk brought in the meme coin market. Before doge coin most of the other coins never existed but Elon musk choose to drop bitcoin and focused on doge coin and that was how it went to the sky. I remember sometime ago he had Saturday Night Live (SNL) and gave doge coin more publicity and since then the meme coin gained some hype to stay in the top 5 in CMC at the time, moved to top 10, precisely at number 7 position and that is a very good performance for a meme coin.
2325  Economy / Speculation / Re: BTC Sentiment Poll for August on: August 01, 2023, 03:40:16 PM
I have that feeling saying the price gradual drop may continue since it has finally broken the $30k and nothing yet holding it back. We may see price around $25k by this August. This is prediction and not a professional advise just incase someone is looking at it for invest, just be guided towards your investment anything can happen with bitcoin volatility.
2326  Other / Politics & Society / Re: Indigenous education is as important as Western education. on: August 01, 2023, 03:24:36 PM

That is why,  we must abide traditional methods of training and communication within the home and allow the school to teach the kids whatever that has to do we Western education and culture.

I think that is a nice way to help the kids not to go astray by learning just one line of culture without balancing it out. To have children who are well knowledgeable in different cultures isn't bad but to have them learn from the home front is wiser. Like some homes make sure that they speak native dialect to the children back home and that helps the children to have advantage , speaking different languages. Those children who know, speak and write different languages perform very well in such languages during school exams than those who barely understand just one language.
2327  Other / Politics & Society / Re: one of my old school friend just passed away recently I was like dafuq on: August 01, 2023, 02:05:11 PM
Talking about the jabs back then and the pressure for it and all the news and restrictions to travel if you don't take it, I think all seem to have subsided now and quite alot of people didn't take it and they are surviving. Sometimes we should really give ourselves some break from the fears that are inhibited inside of us and be rational. Somethings will actually happen whether we do something about them or not and death is inevitable.
2328  Local / Nigeria (Naija) / Re: Bitcoin is Good but it cannot replace our Naira on: August 01, 2023, 01:43:06 PM
I wanted to pay online, I was unable to use naira master card, I used bitcoin. A friend asked of money from me in a deal, I said I did not have naira on me at the time, he told me he can receive it in bitcoin or altcoin. Bitcoin is an alternative and it makes life easier. Not on bitcoin white paper that it would be a replacement, but just a direct peer-to-peer means of payment.

Just like the scenerio here. Bitcoin na like alternative to payment system . Even for country wey don legalize am , them no still throwaway their own fiat currency. E go still dey dere for person wey want use am. As we experience during 2020 for COVID-19 and this last Naira design for January, February, March, na very good alternative for men wey sabi wetin dey. The thing make sense for P2P. Imagine person get cash willing to receive btc from you back then, omo your mind go happy no be small. So nobody dey talk say btc go come replace local currency but na to give people choice of privacy.
2329  Local / Nigeria (Naija) / Re: Bitcoin celebrities on: August 01, 2023, 12:33:56 PM
 
Of course our naija celebrities go get crypto investment not only Bitcoin. Dem be part of the Nigerian and global reality. Dem fit code demselves regards to that and you no go know or see am online as you go take see drake, Akon, neyo etc

The person wey you go see online like that na Gaius Chibueze wey dem dey call bitcoin chief. Him self na celebrating for him own side and right. We know this one already because him na btc trader and that make him popular, so him no fit hide himself, just like golden fish no get hiding place.

And recently, binance announced three of our Nigerian wey participate for Nigerian Reality TV Show (Big Brother Naija) as African Ambassadors, you fit check for google on that. Normally because the system never too dey open or adopt am as legal tender, people no go too dey show of about am but surely, Nigerian celebrities get bitcoin.
2330  Local / Nigeria (Naija) / Re: Short holder and long holder who profit most? on: August 01, 2023, 11:16:58 AM
Both long holders and short holders are profitable in their investment but long term holders are more profitable than short term holding, which I have witnessed from some potential investors in d community.


You no want do comparison here I believe but as you con put "but" mean say you dey favour long term investment to be more profitable. Me I no go too agree with you on that. The only thing wey people dey see about long-term be say maybe Dem go dey market when the bull and ATH go happen and e go be like say na Dem make money pass but we never ask ourselves about the accumulation of the short short profit wey dey comot from short term. The ROI for a short term investor fit even make sense pass persin wey leave him investment for 3years. Like we know say within 3years now, btc no go just waka reach that higher highs, the thing go dey drop sometimes too and na so short term investor wey get eyes for back go dey cash out and DCA again to catch up with the next bull etc. So e just depends on the one wey persin like to follow. If I tell you one thing self, na fear dey make some investors leave coins reach 3 years self  Grin


Long holding require patience and faith before you can succeed from your investment which those investors planing to upgrade from short holding to long holding to ensure they apply patience and faith whenever there is a bear season.


Not really. Both long and short require patient to cash out. The only thing be say longtime investor go carry more patients and hope for recovery when price fall reach ground like as e happen for 2018 wey price go back to $3,500 after reaching $20,000 plus

Short holders too make a profits from their investment but is not big like d one long term holders are making, because it doesn't need long holding before you can earn from your investment at the moment.

Na the cumulative matter my brother. People no need to switch if them already understand how e dey work for them.
2331  Local / Nigeria (Naija) / Re: Common crypto scam in Nigeria on: August 01, 2023, 09:28:04 AM


5 If it's too good to be true then it's a scam don't be lead by greed

This should be a blanket statement that it is a scam but that it could be a scam or that there are possibilities of it being a scam project. So such kind of project should raise our suspicion of something likely to go wrong in the future and the reason we should think that way is to guide ourselves on how we are going to invest or rely on it. Therefore, if we meet such project that we suspect for one reason or the other, we should watch closely on how it is going.
2332  Other / Meta / Re: Bringing back the old forgotten threads. on: July 31, 2023, 08:28:53 PM
I don't think old threads have been jettison and they have not in any way out leave their purpose. Those threads of the past that have really contributed to this forum are still made reference to and to give directions on matters being discussed, so they have not except for a random thread that has no need or fulfilled any purpose in the past. You don't just wake a random post up because it is an old thread.
2333  Economy / Gambling discussion / Re: Healthy mindset to save earnings from gambling on: July 31, 2023, 07:16:17 PM

Mindset plays a role when we're gambling. Personally whenever I feel frustrated I do gambling and this leads to loss which is a known fact, but being lucky at the moment have the opposite reaction happening. This even calms down and makes us come out of the frustration.

I think this the way I also see mindset working, that is to feel negative or positive about a situation and the way it affects the outcome of our game just as you have mentioned also. Of course frustration isn't really what will give people joy or relaxed mind and you need to be relaxed, free of emotional stress to be able to gamble for expectation of positive result. Someone who is happy is likely to have a good performance than someone who is sad, a sad person can further cause havoc in whatever he handles.
2334  Economy / Speculation / Re: What do you think Bitcoin Market Need Promotes for Price up ? on: July 31, 2023, 05:41:45 PM

For the short term, we can expect dips happening every now and then, and currently as we saw, Bitcoin's price was struggling to go above $31k even after trying so much, which shows that there isn't much buying pressure on the market which is why it was struggling to go up, so we can expect small dips from here.

I also consider this drop to be possible with the week's volatility that has been more of dropping than bull. And usually this season that halving is expected is not a very good time for long and most traders understand it, they would not through caution into the wind. This explains to me why the little drops have been occuring lately and the $30k range of support is gradually giving way and resting on $29k for the past week,
2335  Other / Politics & Society / Re: What factors affect life expectancy? on: July 31, 2023, 04:59:48 PM

I guess we have several horrible global occurrences that affect the life expectancy in different categories and are peculiar to individual own environments.

Could you be talking of flooding, drought or bad planting and harvest due to climate change? These factors could also have their own added negative effect if not directly to health but may cause anxiety, depression and leading to high blood pressure and its attendant effect. Our environment is also important to our survival like when you consider the hazards of bad extraction and mining of crude oil. This process sometimes are shabbily done, leaving the waters polluted which causes reduction of sea foods and fish which forms the major source of income for those living in riverine areas for example those in Niger delta (Nigeria).
2336  Other / Politics & Society / Re: Indigenous education is as important as Western education. on: July 31, 2023, 03:30:20 PM
You can still teach them some basic things about your culture in order for them not to forget everything their ancestors preserved from their local dialect to some exclusive good manners. Because Western education is just teaching children about academics and other scientific stuff which mostly leaves manners. They only learn good manners when they have good companies and friends and when they don't have it, you find your children acting like gang members or other bad behavior. You also find them becoming hostile to their parents instead of loving them like how they used to love them when they were babies.

Education encompasses even manners, formal or informal way of learning, acculturation etc. Remember education is the process fashioned out from people's way of life too of which language, arts and socio cultural tenets are Integra part of it. So if you have education from someone, you are good as going to also learn all the integra part of it. Manners didn't come different from what is learnt in school, if you have a discipline parents from another educational background like expatriate, they can only do as much that they can when you are at home with them and what about when you are not at home and you are in school, church or mosque and other social gathering outlets?.
2337  Local / Nigeria (Naija) / Re: Wetin you for do as a Nigerian? on: July 31, 2023, 03:15:10 PM
Op I no think say anything concern the person wey no reach crime scene na. Other people dey dere wey beat and kpai the thief. At least camera go show the footage.



Remember for Nigeria wey we dey people dey kill thief and nothing police dey do about the matter.

Bro we no say thief dey do people shege but that one no be the thing to take kpai person except say na on defense for your life but if na say mob catch the person wey thief, na to hand am over to person. However, we also know say if police see money, them eyes go dey shine so the thief fit bribe him way out but or a normal, if them catch one thief e suppose lead to catching of more of them from investigation and torture wey them go give the one in their custody, at least na one benefit of taking them to station even though say the legal system, police dey corrupt too much.
2338  Economy / Gambling discussion / Re: Why is Gamble gaining more fans than Bitcoin? on: July 31, 2023, 01:32:00 PM

That's why Bitcoin should not be compared to gambling because of the size of their difference, it is because Bitcoin can be considered a long term investment and gambling is not, but rather a type of entertainment that can be wasted if you just want to have fun.

Investment and instant multiplier effect is one difference that you have pointed out here. Yes on a longtime, bitcoin is regarded as investment but at no time will gambling be regarded as an investment but rather it could be regarded as profit multiplier system that is, the aim of gambling is for quick and fast money generation but whether this manifest or not depends on the winning and losing rate of the gambler. People also known gambling because it is as old as humanity. In fact every older youth must have known what gambling is but has a choice to follow up with it or not but same will not be said about bitcoin because it is still relatively new and many countries have not legalized it which causes its popularity not to grow on a fast pace.
2339  Economy / Gambling discussion / Re: *** Exploring Unique Advertising Opportunities in the Gambling Sector*** on: July 31, 2023, 01:09:38 PM

So why donīt we see, at least alternative media, with an other type of advertisement and inform the public about crypto.
Crypto is freedom, no?
Well, that people are all screaming for freedom. And donīt know sjit about cryptos.

So, unless I am missing something and cryptos are dead, what do I miss?"

You have another platform that is bigger and better than this?where cryptocurrency, bitcoin or gambling ads are discussed and run? I'm thinking maybe you discuss directly with casino owners if your platform is about casinos and of course reputable. Or you throw up your service at the service board for signature campaign if you have the funds to organize that, signature managers will surely job on it for you and deliver good job, just my thinking.
2340  Other / Off-topic / Re: Do you gamble because you don't have sufficient money? on: July 31, 2023, 11:45:13 AM

However, that doesn't mean that a poor person should gamble to earn money, gambling is not a way to earn money at all. Most rich people gamble only to have fun, they might get addicted to it but that is not because they are chasing money through it but because they just gamble a lot.

IMO I think if you gamble alot the purpose may not be for just fun but for the purpose of multiplier. On the other side, if you are doing it for fun then you will be more relaxed and not gamble alot. People who do gamble for fun would do that for the enjoyment it gives them but they won't do that always that is the simple truth about it. Those who are wealth might do one or two gambling on their football ball teams with friends when they are on a drink but they won't allow that to be a daily phenomenon, those who gamble alot IMO are doing that for the purpose of multiplier effect.
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