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241  Local / Politics and society (Naija) / Re: The Impact of Bitcoin to Nigeria Economy on: June 09, 2024, 04:02:08 PM

Many successful bitcoiner are going into diversification of investment using proceed from bitcoin to invest in other sectors thereby creating job opportunities as well as complying to tasks demand of the government.
Bitcoin investment don make plenty impact for our Nigerian economy, many people especially di youths don enter crypto business in different capacities, weda na for trading or investment levels, dem de make money inside. Person wey get long term business plans, instead to save money inside bank, wey inflation go de devalue am, di best thing na to do DCA method, invest di money inside Bitcoin, within some years e go accrue plenty returns on investment to start di project.

I hope say our government go change dem perspective towards cryptocurrency and understand say no am be di problem of Nigeria, dem fit to regulate di sector, so everybody for di country go understand say na genuine business e be.
242  Economy / Gambling discussion / Re: Have you lost the money that you where supposed to withdraw from online casino? on: June 09, 2024, 01:41:10 PM
My little experience today, earlier today I was gambling with one of these online gamble site then I was very lucky that I won so much money that's up to $500 with an initial amount that's it not up to $15. However I didn't win the whole money on one stake, for instance I won $200, I only withdraw $150 and gamble with the remaining $50. So that was how I was doing untill I won a lot but didn't withdraw them at once, I withdraw up to 4 times from my online gamble account and the fifth withdrawal wasn't successful and they said I have to wait for 24 hours before I can continue to withdraw the money, so while waiting I gamble and lost the money I was supposed to withdraw, so have you experienced a thing like this from any online gamble site that make you to lose the money that you wanted to withdraw?

So many times this happened to me and still happening from time to time which is why I leave or replace casinos that delay their withdrawals because you will be tempted to use the money to try your luck and hope you increase your withdrawals and so many times the opposite happens and you lose the money.

I think that this is a strategy that casino companies uses to work on gamblers psychologies, they know that the moment a gambler cashes out their wins, that'll probably be it for the day, so delaying withdrawals can tempt the gambler to gamble more, afterall they're not putting extra money. So best thing is not to patronize casinos that delays payments, inorder to reduce the temptations of continue gambling when you're supposed to sign off. Above this i think that every gambler needs to imbibe discipline, inorder to avoid unnecessarily gambling more than they should and regret later.
243  Economy / Trading Discussion / Re: FTX will repay everybody 118% back on: June 09, 2024, 11:34:34 AM
I apologise if there is already an active thread on this but I couldn't find one.

According to the bankrupcy company. They are planning on paying the claimants back 118%. This is confirmed by their twitter account. FTX Official

Quote

There are also companies that are buying claims at 99% according to some Reddit users.

The 18% extra is an interest that they are adding.

So in the end everything worked out... customers were actually made "whole" like SBF promised.
I read this news a while ago, maybe about 2 weeks ago if I am correct, but I never gave it much thought until it happened "because seeing is believing." I sounded that way because Mt. Gox will always be my reference point, it is one promise over the other for so long, so I will only believe what I see with FTX.

Indeed seeing is believing and I'm agreeing with your thoughts because this is not the first time that I'm hearing about refunds from FTX to their customers who have been waiting endlessly for action instead of words. If they however fulfills their promise of repaying back 118% to the claimants, I think that will be a very good start for them, perhaps it'll restore some level of trust to their dented reputation, even if it's in small way. Although I wish that they had put a date to the promise of payments, that would've given people more assurance that they have a concrete plan to start, we'll just wait and see how it plays out.
244  Economy / Gambling discussion / Re: 2024 U.S. Presidential Election Bets! on: June 09, 2024, 06:26:03 AM
This year's US election will be very interesting because the two candidates are not new to the white house, one is a past president and the other is a sitting president. It'll be easier for Americans to choose who they want to lead them after the election because they have seen the performance of the two. I would have said that it's not easy to defeat an incumbent president, but Joe Biden, won Donald Trump, who was an incumbent president.

If I'm to put a bet on whom I support to win and whom I think will win, then I'll put my money on one candidate, Donald Trump. But that's a call that the American citizens have to make, and I hope that they do justice with their votes to choose who the majority wants.
245  Bitcoin / Bitcoin Discussion / Re: Bitcoin is Helping Me Set Up A Fancy Restaurant in The Ghetto on: June 08, 2024, 04:52:50 PM
I don't think that Bitcoin gives anybody overnight riches to establish a business, especially if the person is a low income earner or poor, you need to hodl it for a long term to be able to make enough ROI to reinvest into another business. So your dream of starting a fancy restaurant in the ghetto, without sufficient funds and depending on Bitcoin, might not be a feasible idea, unless you're getting a massive support from other areas, like your writing skills.

I don't think that you need a fancy restaurant in the ghetto to make the poor people to be happy, because they'll be more interested in the food and might hardly appreciate your hard labor to give them fancy and luxury. If you're serving fancy food and services to people who can't afford to pay for it, then I wonder how you are going to sustain the business with your small income? If you don't have the excess money to start a charitable business, then don't, only give what you can afford at anytime.
246  Local / Nigeria (Naija) / Re: How digital currency has helped in solving monetary problems. on: June 08, 2024, 03:20:45 PM
Technological advancements don really help di financial sectors for every country inside di world today, you fit to sit down for di comfort of your home and begin to de do financial transactions, whereas before di creation internet, you go queue for many hours for Banks before you go transfer money. But for clarification purposes OP, no be only for cryptocurrency digital transactions de happen, we fit to also do digital transactions with fiat currency, e mean say any transactions wey no be with physical cash, na through digital transactions e go happen.

Di advantages of a cryptocurrency like Bitcoin, and wetin make am to de unique pass fiat digital transactions be say na decentralized digital cash im be while fiat currencies dem de centralized. Bitcoin give di holders privacy and freedom from third party interferences anywhere in the world, person wey hold Bitcoin, anywhere in the world no get any government restrictions to make financial transactions, unto say governments no de control am, unless di person go through centralized exchanges.
247  Economy / Gambling discussion / Re: Africa Football Discussion || Current Topic: Worldcup qualifiers - CAF. on: June 08, 2024, 12:22:25 PM
I was opportuned to see this game live and it was highly contested almost like an actual world cup finals game. Without any doubt, it's safe to say that the south African team was the much better team based on their overall performance in the game. However, the Nigerian team should have won because they had plenty of clear cut opportunities

Right from the beginning south Africans player's has been more impressive in performance than Nigerian players because if you watch there previous matches is always similar to what they play today and in most cases south Africans are always the favourite to win  there matches against Nigerians, just like there match today they almost won Nigerians if not that Nigerians were able to manage and equalize at the beginning of the second half, however just like you said there overall performance was on the favour of the south Africans because they really give Nigerians a serious tough time on this match and they dominated the game from the beginning of the first half, however the supper eagles has really tried because is not easy to hold south Africans to a draw match.
I wasn't disposed to watch the match live when it was being played, but I've received enough updates about it afterwards, just like you said, I heard that it was was a well contested match, although the bafana bafana of south Africa, had the upper hand against the super eagles of Nigeria. I'm still uptimistic about Nigeria's qualification, despite all the odds in front of them, our new coach, George Finidi, has a lot of experience in football as an ex player and he has acquired a lot of coaching experience, so I believe that this match is a big test for him and the team will perform better against squirrels of Benin, in our next match.
248  Alternate cryptocurrencies / Altcoin Discussion / Re: Tap Swap and other new projects trending on: June 08, 2024, 10:55:11 AM
People likes to follow success patterns so when they see something that became a success, they'll like to follow any replica or what shares similarities with it. Since the success of NOTCOIN, I'm amazed at how many people that are now tapping on their phones, both the young and old, even people who were skeptical about cryptocurrency, I guess because the tapping is an easy task for them. But my worry is that scammers will take advantage of these tap trend to scam people who are not knowledgeable about cryptocurrency. They will ignorantly pay scam fees inorder to claim their rewards, others will connect their main wallets to the scammers, in the end they'll categorize every cryptocurrency as scam.
249  Economy / Gambling discussion / Re: Religious leader barred from casinos because of big wins. on: June 08, 2024, 09:01:03 AM

Do you think a religious leader should be involved in gambling? Do also accept his reason for engaging in gambling?  Are these casinos right to ban him from gambling?


If your religious believes and the laws of your country doesn't prohibit gambling, then by all means you can go ahead and do so. If Christianity doesn't specifically prohibit gambling, then I don't see any reason why a religious leader can not preach and gamble responsibly, what really matters is the gamblers lifestyle, not the gambling itself.

The religious leader's reasons for gambling is very noble as far as I'm concerned, if he's dedicating his winnings to alleviate poverty, then he should be encouraged. I think that he's better than those religious leaders that will take from the poor and enrich themselves.

I think that it's not right for casinos to ban him because of his wins everytime because if he was losing that same amount they wouldn't consider banning him. But it's obvious that casinos don't like to loose, and if a gambler keeps winning they won't like him to be their customer anymore. If there's no evidence that he manipulates he's winnings, then the ban is not fair.
250  Economy / Speculation / Re: Donate $100 the day bitcoin hits $100k. on: June 07, 2024, 04:11:29 PM
Donating to the poor does not require a specific day or a specific festival. If we have the mindset of giving then we can help the poor and needy from any position. The current social system is such that if a person donates a banana to a poor person, they upload a picture of the donation on ten social platforms. Donation should never be done like this, you know that you have donated and your Creator knows that this donation is not to be spread among people. You are giving charity and that donation has benefited a poor person a lot, here is your self satisfaction. If bitcoin touch 100k dollar that day will surely be happy day for us but only human danger will not wait for that day poor people are suffering every day so we should help them every day. We should think every day that every day Bitcoin has touched 100k dollars and every day we should help the poor people as much as we can.
I totally agree that we don't need a special day to touch the lives people, especially the poor in our societies, giving should be done whenever we have it to give out. But I also reason with the OP that there are special occasions that calls for special givings, which doesn't stop you from being charitable on every other days. I think to donate $100 on the day that Bitcoin hits $100k is a laudable idea to celebrate the much awaited and speculated price and it doesn't stop the person from giving more or less in any other days. I'm personally looking forward to the day when Bitcoin price reaches, $100k, besides looking forward to giving out a special donation to the poor, I'll give my family a special treat to celebrate it.
251  Local / Nigeria (Naija) / Re: Reason people are so adamant to invest in Bitcoin on: June 07, 2024, 01:21:19 PM
Na true say some people still de doubt di legitimacy of Bitcoin reach today, dis sets of people still de reason everything wey de for internet say na scam, and na so dem go still de pesimistic and beta things go de pass dem by. Aldo as e be now for Bitcoin matter, more people de get awareness everyday say na genuine digital cash and a store of value, compared to wen Satoshi, first create am, even me sef follow call am scam, say na Ponzi scheme. You no fit to take di rate wey people take de skeptical about Bitcoin, years back and compare am to now, di awareness and adoption don increase geometrically.

Recently wey Notcoin give airdrop reward to people, di thing don make plenty other people to understand say crypto matter no be play play thing, say e get people wey de make genuine money for inside cryptocurrency. And di thing don follow increase Bitcoin adoption, unto say more people don know say no be scam e be.
252  Economy / Gambling discussion / Re: What is the role of home/away matches? on: June 07, 2024, 11:12:40 AM
I think that a team that is playing at home has more familiarity with the pitch and they will want to give their very best, do everything possible to win in front of their home fans because they would be the majority spectators in the stadium. This factor would be an edge over the visiting team, even if it's a minor factor, it has to be put into consideration when placing a bet, although in the end what counts is the better and more tactical team that wins the match. So I'll say home advantage is a secondary factor when considering whether it's a home or away team that'll win a match.
253  Bitcoin / Bitcoin Discussion / Re: Converting altcoin profits into Bitcoin? on: June 07, 2024, 08:05:47 AM
Is it best to take my altcoin profits in the next 6-12 months at the bull run peak and then buy Bitcoin in 2026 during the next bear market?

So you can wait from now till 2026 before investing on bitcoin, maybe before then all your assets on other altcoins could have vanished away on losses and you may not be left with any profit again to use in making bitcoin investment, why not do that now, take the profits and invest in bitcoin, we are still on the post halving market pump, which means if you can buy now, you have higher chances of making profits till we reach to a new all time high of above $100,000 and by the year 2026, you could have achieved what you're meant to started with already.




In the crypto market Bitcoin, is the most reputable and trusted cryptocurrency, meaning that it's a store of value, even when it's price dips, we're sure that it will always pump again and reach new ATH, but these can not be said about altcoins, their prices can dip and never recover again, and your investment funds will vanish. Seeing that we're still in the early stage of bull run, with strong speculations that Bitcoin price will reach $150k or even surpass it in the peak of bull season, I think that now is still a good time to buy and hodl Bitcoin. I'd rather reinvest some of my ROI of Bitcoin, into altcoins, to cash in some profits in the alt season, then continue Bitcoin DCA method into the bear run.
254  Economy / Gambling discussion / Re: Gambling is a fun activity but it has some potential to be profitable sometimes on: June 07, 2024, 06:51:15 AM
Winning is when you cash it out and enjoy it.
You are not wrong. Winning is not when someone win a bet but when they cash out the money and spend it on something. I have several winning but I hardly cash out because most of the money I won I later lost it. They are small amount of money which I can not even think about at all. But it is good to know that gambling is for fun but I do not see it as a potential means of making profit at time ares. This is what some people will think and use high amount of money to gamble. When they lose is when they will know that this is not true most of the time.
When you collect your winnings and spend it, that is when I consider it to be a complete win, like what is said in economics, that production is not complete until it gets to the final consumers. So I believe that until a win in gambling is spent on another item other than gambling, then it becomes a true win, otherwise the gambler can still lose their win if they gamble with it. Gamblers should take profits and enjoy it because there are more loses in gambling than winnings, we shouldn't put our hopes on something that depends on luck to win and to get rich, it should be for fun whether win or lose, that is why it's better to gamble with the amount that you can afford to loose
255  Local / Nigeria (Naija) / Re: How can I identify a scammer using Bitcoin or crypto to scammer people on: June 06, 2024, 02:15:55 PM
Di easiest way to avoid scams for social media, na to get di mindset say nothing be free for social media. So when somebody wey you no know begin to de tell you say make you click on a site and invest small money and within a small time you go get plenty profit, dat na red flag say na scam. And wetin scammers de take catch people na greed, wen dem tell people say dem go benefit plenty money for dem scam projects, na so many people go lose dem sense of reasoning, until dem loose money finish.

Scams de plenty for di crypto space, many altcoins wey developers de launch na scam, dem go hype di token say na di next best thing after Bitcoin, make you de careful because na red flag say na scam. Ponzi plenty for many projects dem wey de for di crypto market, so investors suppose wiseup and carry out research first before dem go buy, odawise make dem de focus on Bitcoin and top altcoins.
256  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: June 06, 2024, 10:57:55 AM
I'm back in this energetic thread again, although I don't make comments here everyday, but I do follow up on the discussions. And thanks to DirtyKeyboard, I always get notifications on the progress of our bushups.

I updated my last pushups countdown here about 6 days ago, and I've only pushed for 3 days within the 6 days and I have a reason, I observed that after the days exercise I always feel very dizzy, everything will be spining like fan in my eyes. I don't know if it's because I combine the 10 sets pushups with 10 sets squatting, maybe my energy can't carry it, so I decided to be taking one full day's break for now. My wife is advising me to see a doctor, although apart from this severe dizziness, I'm not feeling sick in any way, I don't know if it's a sign of something serious to see the doctor as she advised. Is anyone in this pushups community experiencing this dizziness too?

My total pushups for 10 sets in 3 days, 62, 67, 60 total 189 + 625 = 814. 100k,Kelward,18,814,2024-6-6

257  Economy / Gambling discussion / Re: Can someone take gambling as a source of income to he/she life? on: June 06, 2024, 09:01:50 AM
Successful gamblers are the gamblers that make money from real business and not from gambling.
Specifically these so-called successful gambler which you have described are those who invest in the casino's bankroll.  They do not play slots, poker, roulette and expect a big win.They are more of investors than gamblers. They give the casino money to run it's operations and pay winners. Therefore when the casino makes money they also make money. This is gambling business serving as a source of income and not the activity in itself.
Someone can argue that nobody can make a successful career in gambling and they'll say that it is only irresponsible people that will take gambling as their only source of income because the probability of loses is far greater than winnings. But I agree with your analysis that there are people who can earn from gambling as a source of income, and they are the casinos and bet companies owners, including those that invests in reputable gambling establishments.

Because gambling is a lucrative industry where they make more money than what they pay out,  the owners and investors can make it their sole sources of income, but it's very unfavorable for the gamblers that bet their money to make it a sole source of income.
258  Other / Beginners & Help / Re: As newbies we should know the significant risk in trading on: June 06, 2024, 07:05:54 AM
The facts about crypto trading is that it's hard and risky, and any newbie that wants to venture into it without first acknowledging this facts might end up in disappointments and loses. I've seen influencers on social media, hyping crypto trading like it's a get rich quick scheme, they'll exergerate about how you can stay in the comfort of your home and be making money everyday and ignorant people will believe these lies.

I agree with experienced members on this thread that newbies in cryptocurrency should avoid trading, they should focus on diligently learning about it first, from online courses and materials, it's also important to have an experienced trader to guide them. There are technicalities and fundamental analysis to learn and understand first before starting, so that they can minimize loses when they start to trade.
259  Other / Off-topic / Re: Is getting addicted to gambling right or wrong? on: June 06, 2024, 05:33:37 AM
Addiction in anything is wrong, whether it's in gambling or in any other activities that we engage in, it simply means that the addicted person is not in control of their decisions. A gambling addict is financially dangerous to himself and his family and friends, because his lack of control can make him to use anything that belongs to him and his loved ones within his reach to convert to cash and gamble. Addicted gamblers needs counseling from professionals and loved ones so that they will understand the implications of their harmful habits, and if they must gamble, they should do so with the amount that they can afford to loose.
260  Bitcoin / Bitcoin Discussion / Re: Australia's first Bitcoin ETF just opened for trading on: June 05, 2024, 02:41:12 PM
Monochrome Asset Management just launched Australia's first Bitcoin ETF, named Monochrome Bitcoin ETF (IBTC).

This is a new development and we expect to see it make some significant impact on bitcoin price this month, whereas there have been many speculations already concerning the bitcoin market price of crossing $73,000 down and close to $80,000 and with these, we also expect to see more of participations in Australia for increased business activities and bitcoin adoption in boosting their own economy.
I observed that Bitcoin price as of today is approximately $70k, and I don't know whether the slight price increase is as a result of the news of the Australian ETF approval, because it has been a while since we saw Bitcoin price to to be above $69k. Anyway the latest ETF is a plus for the adoption of Bitcoin, on individual investors level and on institutional levels, more people and companies are holding it through ETFs and in none custodial wallets. Although I don't think that this Australian ETF will have as much impact on Bitcoin price as the US ETF did, but it can be an added advantage to increase the demand of Bitcoin, which will increase it's price to boost the bull run.
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