We can also decrease our expenses and stop third-partying tasks we can do ourselves, so at the end of a monthly cycle we will have earned more money to invest and make it grow overtime.
Man's wants are insatiable. Know it and you will understand that man's cravings for material acquisition is in his DNA. The part I don't like in life if when one can afford certain necessities but choose to deny oneself that. What's the essence of money we make if not to spend it? That part which I put in bold in OP's post I quoted above doesn't go down well with me. The reason I said so is because money can't buy leisure. One has to give oneself rest, relax and let others do the work. Paying for such services doesn't mean one is extravagant. It simply means one isn't jack of all trades.
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This is no charity I'm running here, y'all understand? I'm trying to be as generous as possible, but if you know anything about me you should know that I've got standards and I detest shitposters.
As one of the beneficiaries of your benevolence in the recent past (you practically ranked me up from Hero to Legendary), I say "yeah" that's true. I didn't know you even had a soft side, having had a little "post response/exchange" with you during my noob days. I can't recall vividly what transpired then but you came off tough as Hitler on me. I avoided your posts for awhile before shaking that experience off. Perhaps what I felt as harsh response from you then was tough love. Thanks for all you've been doing here. I move the motion for theymos to reject any name change for ya 🤪. Your moniker, The Pharmacist, has been ingrained in my head.
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So my question is for trading veterans here do they use it or is it really overrated thing which serve no purpose in real time trading?
No, candlesticks aren't overrated but they aren't absolute. I like to look at candle formation before taking trades. Over time I've come to realize that every minute matters in the life of any candle one is looking at based on its timeframe. Don't rush to trigger trades no matter how bullish or bearish you think an ongoing candle shows its sign. Wait for the close of that candle. Even a minute is enough to cause a change in formation. Perhaps, this is where some traders get it wrong. As for those who don't rely on candles, they of course will have an avalanche of indicators to work with which other traders may not even be using. It's different strokes for different folks.
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Considering rate at which hundreds of cryptocurrencies are flooding the blockhain space it seems digital currency is taking over the fiat.
To be frank with you, I've also noticed there's an influx of new cryptos in the market on a daily (just like you've done) and that kind of gives investors a variety of choices to pick from. However, that isn't to equate what's happening in this space to mean that cryptos will eventually exterminate fiat. Nah, far from it. If anything, I've come to realize that cryptos need fiat to ascertain their real price and value and that's why we often have them paired in fiat when transacting. But the question now is how does one get to know the right crypto project to invest in?
Well, I make my choice of cryptos to buy from looking at the utility the crypto is said to have, nothing else. If I feel it's something relatable, I buy. Otherwise, I stay out.
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I really appreciate everyone of you who picked their phone bought card and called me to have empathy and sympathy. I always found belonging in this forum even than some relatives.
Nor be small thing oh as I read about d misfortune wey befall you and your family members. My guy, na God go give una d strong heart to bear am. It's well. Just remain gidigba. Accept my condolences.
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From evaluation around me, self proclaimed entrepreneurs are quitting entrepreneurship because of difficulty in maintaining a business and reduced sales due to reduced purchasing power from people, an effect of the economic situation. Office workers on the other hand who also have been on one salary grade for a long time now are becoming fed up with how their monthly salary is no longer sufficient to secure a comfortable lifestyle for a month also due to the higher cost of living. What do you think is the way forward?
I guess the experience you've shared here captures the Africa situation with entrepreneurs/business owners on one hand and the civil servants on the other hand struggling to make ends meet. In all, it's a sad reality on both fronts as cost of running businesses in Africa has gone very high to the point that maintaining and servicing such businesses have become unsustainable. However, I rather become an entrepreneur than a salary earner.
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I observed several changes in the price within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again? I'm just being curious as a new trader.
If you met the circle before this last one you wouldn't be scared as to asking this question. When Bitcoin hit its low of $3k+ after it did $19k+ in 2017, many thought that was going to be its end. Like a phoenix it is, it showed up again and did over $64k in 2021. At its current price of less than $24k, those coming newly into this game will think it won't spring back and above $64k. I'm banking on Bitcoin to do more than a triple on its last ATH of $64k. My confidence is that high on this because I've seen such rebound replicated twice since I joined this industry. OP, asking if Bitcoin would get to $40k is belittling what it can do.
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He learnt his lesson after that. He said he was embarrassed by his compliance.
It is difficult not to trust such a teacher. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yeah, I know it's difficult; especially when it's a teacher you feel can't do any wrong. It was for that sole reason of never trusting his seedphrase to anyone that I tempted him with myself (whom he felt wouldn't do any wrong)😂. I can be a prankster when I choose to be lively. He gave excuses why he obeyed but I countered and punctured all his excuses with ease. It really would sadden me to find out that any of my students fell victim to such a scam.
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Pi was a euphoria that greeted my country a few years ago in the crypto space. However, many of its enthusiastic fans are beginning to move away from it as they can now see the sham it's. I read somewhere where someone mentioned that the Pi site has started asking for verification and I guess that's beginning to make many lose faith in it. For me, I tend to see Pi as TBC and as the latest one making the round now called BTCs. Until people begin to realize that there's no true "free money" in cryptos, they will keep falling victims to such sham and scams in the crypto space. TBC was popular in 2017 and was speculated to be higher in price value than BTC. Till date, that speculation has proved to be a mere pipe dream as it's not even listed on any exchange yet. It's the same way with Pi and BTCs. None of them are on any exchange. Yet some deluded folks think they can become superbly rich by "mining" them.
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1.) Be careful with people who introduce you to crypto currency because some of them might steal your keys and you will not know that is why we have plenty of cases were people funds go missing without a trace
That's true and we can't be tired of stressing it. Wallet security lies predominantly with the owner. Hacks don't easily happen without a loophole somehow from the wallet owner, especially if it's an open source wallet. I can relate with your comment there and that was why I said it was true. I had an experience on that with a dude I was teaching wallet security among other things. I told the dude never to give out his passphrase to anyone no matter what because it's like his bank account pin/password, and I mentioned to him "not even to me". A few days after that while teaching was still going on, I told him to release his passphrase to me that I needed to check up something on his wallet. The dude did! I laughed him to scorn. He learnt his lesson after that. He said he was embarrassed by his compliance.
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Plenteous is the beauty of any game, especially when it comes to business. That's why they say, "the more the merrier". A situation like that helps healthy competition. You can't have a monopolistic market and expect a fair competition that will benefit consumers. The preponderance you see now with memetokens is the same with other tokens in different categories. One developer goes in to test the waters and then several others join in. It has been the pattern. In January 2017 when I came into this industry there were around 750 cryptos in the market. How many do we have seven years later? Coingecko reveals nearly 13,000 of them as of today.
Again, talking about risk with memetokens, you should know that everything in cryptos is all about risk. It doesn't matter the category the token you're looking at falls into. Bitcoin isn't without risks to start with and that's why investors are advised to only invest money they won't regret losing.
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Lol, the Truth is Ethereum cant solve it all, other smart contract projects have something new that has proven to be bit better than Ethereum and new smart contract projects will keep solving problems of the Eth killers, its simple as that..
No particular crypto has proved itself to be an all-in-one, not even Bitcoin. There is an area of core competence for every token. Agreed, ETH can't solve all the issues there are but we can't take it away from it that it's a crypto with immense utility. In fact, one can say undoubtedly that ETH has developed this industry more than every other crypto. Its smart contract has helped so many tokens on board and this has led to the several choices we've in the industry to pick from today and that is encouraging healthy competition in the crypto space.
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this goes further to clarify the fact that market conditions do not have much to.do with your profit maximizing but proper market mastering is what gives profits in whatever market.
Market conditions of course are all the stuff that happen in the market. For one to be successful, one has to have a mastery or closest to mastering them. This is the reason technical analysis is very important if one were to succeed in trading. Indicators provide one the navigation to have a mastery of what the market says and where it's likely heading to. Once the basic skills that aid the mastery of the market are in place as acquired, then it's smooth sailing and profit making for the trader. So, market conditions are important to take note of.
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The BTC address is in the QR code on the business card, and also with the PAY ID for Binance.
I think restricting the address to the QR code will even make it more difficult for your customers as it's not all will know how to scan except you want to tell us that those who will be paying for your goods with BTC are tech savvy. [Note: Information is blurred out for personal reasons.]
I'm still wondering what that personal reason is since your business should be in public domain.
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It's still not a good time to invest in altcoins, I think you should continue to stay away from altcoins and focus on bitcoin during this period.
I don't think you're right with that approach. Most altcoins have shed off over 85% of their prices and you still think now isn't a right time to buy? Take for instance a token like BSCPad that had an ATH of $7+ last year is currently sitting at less than $0.2 or Gzone that went as high as $1.18 is trading today at less than $0.03 and you're saying time isn't ripe to buy now? This dip cuts across nearly all cryptos on the market and so affords anyone a right entry position. I think OP should just make his pick from the top listed cryptos on the market app and pick those that appeal to their fancy now.
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what do you think guys?
What I think, first off, is that a news item like this should've a source link so that doubters can read it up by themselves and verify it. I had a near calamitous experience when in 2017 some dudes were up almost everywhere online, canvassing and coaxing people to buy TBC – The Billion Coin. It was speculated to be worth more than Bitcoin in value. I later learnt there were some who bought lands with that token. Sadly, till date that token hasn't seen the light of the day.
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Imagine me creating a topic in 2017 asking if doge coin can hit 0.70$ some day the answer would have been NO from almost everyone, what I have learnt from crypto projects is no matter how stupid a coin looks and you need to get out because its not doing fine always leave a bit behind, I sold all my doge coin 120k before 2021 bull market and left only 1067 Doge coin in my wallet, learn from my mistake.
Now, look at it from the other angle – supposed it plummeted wouldn't you be rejoicing and jumping in triumph that you did the right thing by selling off when you did? In cryptos, anything is possible; both positive and negative. There's no standard rule for all. For all I know everyone hodling Dogecoin would've been bagholding it if Elon Musk's influence wasn't felt on it. I once held a token called ONZ a few years ago. I had over 150,000 units of it or so and when price increased a little I still held back not selling with hope that it would go up more. I didn't know that was the highest it would get to before its death. Those who sold off their ONZ then were the lucky set. So, don't beat yourself hard on your Doge experience.
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~snipped~
Obvious choices are the two most popular ones: Trezor Model One for ~$85 and Ledger Nano S Plus for ~$80. If I am OP. I would buy one of these two and use the difference to buy more bitcoin. Thanks for your swift response. It's the reason we've guys like you in the forum who keep educating us for free. We will keep appreciating this kind gesture. Yes, quite alright Bitcoin stands as the surest crypto that won't die or vanish into thin air but you've to also realize that there are people who don't like hodling it for anything. They don't have Bitcoin in their portfolio. I've a friend like that. He feels Bitcoin is slow on ROI unlike alts. To a great extend, I think he's right. Perhaps, OP is one of such people too.
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@OP no need to spend ~$150 on a hardware wallet, there are cheaper and reliable alternatives.
That suggestion would've been more beneficial to both OP and the rest of us if you mentioned any of the cheaper and reliable alternatives. It's so to enable interested parties know what names to look out for. As for OP, if all you've now is mere $300 I don't think it will be a nice idea to split it to buy a wallet. I suggest you ploy all into buying alts at the moment.
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