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2341  Alternate cryptocurrencies / Altcoin Discussion / Re: Can we have a seperate BitcoinCash forum? on: September 27, 2022, 03:11:45 PM
Yes I also did a lot of searching a few days ago to see if there is a forum for bitcoincash.  Later I didn't find it but I heard good about it from elder brother in my area There is no forum for Bitcoincash.
If there hadn't been any forum for it after its fork in 2017 till date, I don't think there will ever be one. You know why? It's simply because Bitcoincash doesn't really have a strong community behind it. What are they even going to be discussing around it if they had a forum? Nothing much is going on around it. There's a reason Bitcoin remains the only crypto that isn't called an altcoin. By the way, I ain't sure that even ETH has a forum to itself.
2342  Bitcoin / Bitcoin Discussion / Re: How mentally prepared are you? on: September 27, 2022, 02:22:14 PM
If they want to invest in Bitcoin, it is very important for them to know about Bitcoin first.And those who want to profit by investing in Bitcoin, should first gain knowledge about losses.
That's true but I don't know how many people do that prior to getting involved in Bitcoin. One of the mistakes I made going into Bitcoin in 2017 was never to have back tested its charts to see how and at what levels price reacted, to figure out the various times it plummeted and how investors and the general market reacted to it. I went in and concentrated on altcoins. I accumulated enough hoping their values would rise like Bitcoin was doing as at then. Sadly, when the bear came after that famous rally in 2017 most alts got wiped off. I think it will do newbies a lot of good if they went searching for previous bull and bear seasons of Bitcoin to understand what it takes to experience any of the two. This will make investors adjust their expectations and at the same time strengthen their faith so they don't panic during a bear season as we've now.
2343  Economy / Speculation / Re: Cryptocurrency is silent why? on: September 27, 2022, 12:16:20 PM
The ensuing silence is expected because it characterizes the bear moment. We've witnessed this over time. Whenever the market bulls, there's always a hell of noise and when it bears there's an intimidating level of silence. November is just around the corner. It's one of the months I know the market gets favoured with a rally. Hopefully, this year's won't be an exception.
2344  Local / Politics and society (Naija) / Re: African Proverbs in Pidgin on: September 27, 2022, 11:08:31 AM
Lol 😆 na beard or hair any one wey you wam call am
Oh, ok. Now I understand. But you sabi how pidgin dey be na. Dem sey nobody fit dey wrong for pidgin. Me, na biabia I dey call am but I know sey some still dey call am biyah-biyah.
2345  Local / Politics and society (Naija) / Re: African Proverbs in Pidgin on: September 27, 2022, 10:49:52 AM
PROVERB: Small pikin wey dey fear mouth odor , never dey ready to learn from old men.
Dis wan na strong thing. Your interpretation too dey spot on.

Chief Mpa you deserve my salutation ndewoo
Chai! Now now you don stone me chieftaincy title. I nor kuku get kala to take entertain guests as a chief oh 🤪

PROVEB: Pikin wet roast biye biye Na him go smell am

Abeg, wetin be "biye biye"?

*All of una deserve colele wata for d ogbenge sense wey brekete for una posts but na wata wey nor dey my fridge so.
2346  Alternate cryptocurrencies / Altcoin Discussion / Re: regulating cryptocurrency on: September 27, 2022, 10:30:00 AM
~snipped~.
We (I) do not demonize the government but only hope that the government can side with the small people struggling to get additional income and not side with the rich people who don't follow the rules. I agree that regulations help stem the tide of fraudulent activity and if the government can catch a bunch of these fraudsters, then I think the people will side with the government.
You can't categorically say for a fact that rich people aren't heavily taxed more than the poor folks. Most of these rich dudes are employers of labour who provide employment for others and at the same time engage in social corporate responsibility and that's even a way of helping government reduce unemployment rate and cost. So, even if government gives them task holiday or exempt them from paying tax, their social corporate responsibility to their countries is a major contribution to the welfare of their people.

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And if it is about tokens that end up deceiving many people, they are required to be able to analyze or do research to find the right token to invest and never follow other people's words before doing research.
It's good to do one's research before investing. However, not all researches yield positive results and we should also begin to see crypto as something very vast. Even here in this forum, there were reputable bounty and campaign managers who got played by projects they managed their concerns. I know they did their research before accepting the contracts but it also turned out they didn't look far enough. Crypto is deep.
2347  Economy / Speculation / Re: All Eyes On Bitcoin’s Monthly Close on: September 27, 2022, 08:44:20 AM
Their is some people who analyze the future of bitcoin, and when looking at it you see that some people give fake analysis of Bitcoin
Except for mischief makers, I'm not sure most of those who give contrary analyses do so intensionally. We've to take into cognizance the fact that trading is highly a speculative profession and as such predictions can go either way from what it's expected to do.

On the topic at hand, I've not really taken out time to monitor monthly close of Bitcoin. Perhaps, it could be that I do more of trading than buying and hodling. Monthly candle close appeals more to investors than to traders.
2348  Economy / Scam Accusations / Re: HOW TO AVOID FAKE CRYPTOCURRENCY APPS on: September 27, 2022, 07:43:49 AM
To be on a safer side, the smartest thing to do is to first know the name of the exchange that you want to get its app. Then checkout for their official website, visit the site and confirm that is it the real site you visited.
That's the same thing I've been doing now in addition to bookmarking or saving on home screen every official site I visit. I quit trusting Playstore when I discovered that fake downloads are possible with them to up the figures. As a noob, I used to get my crypto apps from Playstore, relying on the reviews I read there and the rankings for apps. I don't even type in addresses to sites I visit for serious transactions without getting that from official sources, even that for this forum is permanently saved on my device.
2349  Economy / Trading Discussion / Re: What is happening with Crypto market on: September 26, 2022, 09:53:29 PM
~snipped~
That is what you think and it is not what is happening now.
Some persons think the merge is going to make Ethereum to go more bullish even to $2k but the opposite is what we saw. We are now very down in price which is total contrary to many investors think will eventually happens. We are forgotten that Bitcoin controls the market and if it does not move, then no altcoins will move.
Even at $2k, it isn't bullish when you consider what ETH price was before the merge and what it's ATH is. But come to think of it, aren't we in a speculative industry where investors and bookmarkers are free to say what they think price should be worth. It's not going to be anyone's fault if we don't get there. I still maintain that the merge isn't to achieve instant price increase but to strengthen ETH and add more value to it. With time that aspect of it will drag more investors to ETH and price will expectedly soar.
2350  Other / Meta / Re: Forum Improvement - My Wild Idea/Suggestion. on: September 26, 2022, 08:41:36 PM
Example 2:
UserB earned 1000 merit and attained the rank of a legendary member, to continue to keep that legendary rank, UserB must make sure to earn atleast 1 merit in every 120 days.
- If 120 days passed and userB didn't earn at least 1 merit, userB rank drops to Hero memberwhile keeping his merit score intact and he will be required to earn 500 merits to become a legendary member again.
- If in another 120 days, userB still does not earn at least 1 merit to maintain his now hero rank, he drops to Senior member rank, now, he will be required to earn 250 merits to become a hero member and another 500 merits to reclaim he's initial rank of legendary member.
I'm actually laughing and shaking my head as a sign of disapproval while reading that. There's no way that "crazy" idea of yours will be implemented, first off. However, let's say in an unlikely scenario that your idea is approved and implemented, it won't be much of an issue for anyone who is truly active and posting on this forum to be able to earn a single merit in every 120 days. At least, for the sake of keeping their ranks; I can bet that there are members who will go to any length to make sure they don't lose their ranks even if it means trading merit. Again, any implementation of your idea will lead to exodus of members from this forum.
2351  Alternate cryptocurrencies / Altcoin Discussion / Re: regulating cryptocurrency on: September 26, 2022, 07:58:49 PM
~snipped~.
Try to understand that the government is currently trying to suppress the rate of cryptocurrency and several countries have not yet given the approval to legalize cryptocurrencies. But they are working on it.
In as much as I (or anyone else) demonize the government, we can't help but look at the positive side of regulations too. For me, I want to believe that regulation will help stem the tide of scam activities. People just sit on their beds with a laptop on their laps and create shit tokens without an iota of use, push these tokens to the market and cash out without much stress. In most cases they can't even be traced and that ends it. Regulation, among other things, will change all that. That's the angle I'm looking at it from.
2352  Other / Beginners & Help / Re: Be careful when lodging into any hotel on: September 26, 2022, 06:00:46 PM
There are lots of risks involved and potential attack vectors when connecting to a public WiFi, from man-in-the-middle attacks to loading malware on to your device. It's best to avoid public WiFi altogether and use your own mobile connection.
Honestly, apart from trying to save data I don't know what other excuse anyone would've using public WiFi. For someone to have enough cash to lodge in a hotel I don't think something as minute as saving data should be their problem. They can easily afford it. Regrettably, people have information they don't even make use of until bad happens to them. OP ought to have known better not to use public WiFi. I'm really scared shit using any WiFi that's not generated by my other device. As a rule, I avoid browsing in an area with open WiFi even with my data. If I'm out and I spot an open connection, I avoid like it's leprous.
2353  Other / Beginners & Help / Re: Borrowing money to invest in BTC ( My own past experience) on: September 26, 2022, 05:26:16 PM
The first time that I invested in BTC I used money that's not mine, I borrowed 150$ and invested in BTC years ago (2017) I never knew what halving was all about or even bull market then the market started appreciating, I sold around April 2017, yea too soon.
Within that time range, I'm sure you bought at less than a thousand dollar. And yes, it was selling too soon. I'm sure you kicked yourself real hard when you saw that price continued up north after you sold off. Anyway, for me the idea of borrowing to invest/trade is likened to borrowing to finance a project. I really don't see it as something that can't be done when we look at it in deeper perspective.
2354  Economy / Trading Discussion / Re: Preamble to Candlesticks chart and their significance. on: September 26, 2022, 03:40:51 PM
For me, the "Hammers" are the best to use in identifying change in trend. I like to use them on higher timeframes because they seldomly fail in that aspect. However, one thing I've come to realize is that it's not enough knowing what those candle patterns are if one can't be dispassionate in watching them do what they're meant to do. We've to know that watching candles in hindsight isn't the same thing as watching them in live streams while trade is still on. Live streams will shake your emotion.
2355  Alternate cryptocurrencies / Altcoin Discussion / Re: regulating cryptocurrency on: September 26, 2022, 05:24:58 AM
Governments are unaware of the existence of cryptocurrencies and when they know about it, they have become popular and are trying to learn about it.
Really? Do you convincingly think so or you're just saying it? That governments are unaware of cryptocurrencies? Nah, it's not true. Tell us that governments aren't too interested in it yet as you noted later in that post and that will be plausible. We're in a world of internet and social media where every item of news flies across the globe in minutes and you think politicians don't pay attention to news? That will be unexpected. They do listen to news more than the ordinary folks. So, they know.

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And hopefully, the government will continue to allow us to use it and not make regulations that are too strict for its citizens.
Contrarily, I think regulations will further help strengthen this crypto industry and help checkmate scams and all that the same way we now have it in Forex trading. No regulations will mean that scammers will continue to have free hands without checks.
2356  Alternate cryptocurrencies / Altcoin Discussion / Re: testnet airdrops on: September 26, 2022, 05:08:16 AM
I need  know what are the Testnet  airdrops.. are there any threads on this forum about Testnet airdrops?? plz anyone help me .  i watched some Youtube videos but could not taken much idea about it. Thank you
OP, you don't need to spam the forum with the same topic. You already had this one running here and the community is trying to provide you with clarifications regarding the question you asked here. There was no need opening another thread on the same issue today as can be seen here in this What is a testnet thread.
2357  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you invest in micro cap altcoins? on: September 25, 2022, 07:20:20 PM
Yeah, I've a few of the micro cap tokens I invested in currently. I try to take a peep at them and know what roadmap and utility they've before buying in. In the past, this action of mine gave me certain level of gains with some and in some I suffered loss too. It's a very risky way of investing but trust me if you get lucky, the ROI is out of this world. I once bought a token (CiFi) at $2+ and it went on to do $380 within a few weeks before it swapped and then collapsed. I've come to realize that whatever one does with such risky and low capped tokens, one ought to know it should be on a short term basis.
2358  Alternate cryptocurrencies / Altcoin Discussion / Re: A good news or a bad news on: September 25, 2022, 02:41:52 PM
You did well by aiding OP on that information of source material. Thanks, on my part too, because it helped me have a deeper look into the whole issue.


OP, I don't think there's anything you should be worried about. Unless the trio founders of Tether don't have reasonable evidence of coin backing, I don't see much fundamentals happening to disrupt price. I want to see it as a routine check from regulators.
2359  Bitcoin / Bitcoin Discussion / Re: The First Bullish & Bearish Market I Met. on: September 25, 2022, 06:51:32 AM
I've witnessed Bitcoin circles, the rising and falling of it twice. My first was in 2017 and that was when I came into this crypto industry. The excitement of daily price rise was better experienced than told. Prices spiked here and there of both Bitcoin and alts. Even shitcoins rose in price and I was carried away, hoping that the ilks of Ethereum, Bytbal and Litecoin would do the same price thing Bitcoin was doing. My excitement was cut short in 2018 when Bitcoin and the rest started obeying the law of gravity by crashing the same way they rose. My 2021 experience wasn't far from that of 2017. The only difference would be that alts didn't pump in 2021 like they did in 2017. In fact, to be honest, we didn't have bull rally for alts in 2021. Now, we expect another circle in 2025 and I expect it's going to be a massive one.
2360  Other / Beginners & Help / Re: Currently dealing with the worst day of my life in crypto on: September 24, 2022, 02:54:45 PM
$12,000 is a huge amount of cash OP, whether one is from a third world country or from the developed world. It is a substantial amount of cash. Sorry for your loss. By the way, thanks for sharing your sad experience in order to warn the rest of us.


I'm guessing this happened on a PC, sigh! Its always the PC, there are many ways to fall victim to hackers on a PC than on other devices out there, the PC is just too complicated when it comes to trying to stay safe and out of trouble, my advice is never to use a PC for crypto wallets at all .
Honestly, this makes me paranoid whenever I think of it. PCs that are supposed to make browsing very accessible are now hack prone more than phones. This is going to be discouraging for a great number of people, especially those who want to drop their mobile phones for PCs and laptops.
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