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2581  Economy / Trading Discussion / Re: How to raise funding for trading? on: July 31, 2022, 02:11:09 PM
If you have been trading for a while and bringing in a steady inflow of profits, I suggest you start the compounding strategy so that your account grows to the intended level over time.
I was also going to suggest this but then I figured out that OP could be paying bills from the profit they make from trades, assuming they don't have any other source of income. Nonetheless, OP can also ploy back a part of the profit (not all) into the trading capital and continue to maintain the same trading plan and mechanism that have made them profitable all the while. They shouldn't get excited and carried away to the point of looking for a shortcut by neglecting risk in terms of Money Management (MM). Don't over trade or leverage. Slow and steady wins the race, they say. Since OP already has a handle on trading, they should continue with it and gradually increase trading capital. It's a bad idea to source funds outside since they're already profitable.
2582  Other / Beginners & Help / Re: Deleted & Off topic discussion on: July 31, 2022, 06:08:56 AM
Off topic means you didn't make sense
Nope! That's a wrong conception. Off topic, for me, is for discussions that are far off from Bitcoin or crypto discussions but can be of benefit to those who are also interested in cryptos. I like to call it the, "Relaxation" board. It's for cruise. Sometimes, marital issues, sex, parenting, religion, siblings rivalry, schooling, cooking, kitchen and bedroom incidents, just name them, come up here. Can we truly say issues on those items listed are useless? Of course, not. Off-topic is even a place to start for genuine newbies who are lost here because it helps them pick interest posting here as they can easily identify with one or two topics to write on while perusing other sections of the forum.
2583  Economy / Economics / Re: The BTC price must stabilize in the long run. on: July 31, 2022, 05:53:56 AM
The rest of the altcoins that do not stabilize can disappear (e.g. Solana), I have no pity for them as they only serve to give larger cryptocurrencies (and crypto in general) a bad name in the news.
Really? How so? We can love and admire Bitcoin but we shouldn't be blinded to its faults too. I'm sure, if Bitcoin weren't the first it wouldn't even be having half the goodwill it's having as an edge on others. After all, it's not the only payment crypto. Come to think of it, Bitcoin doesn't even have a smart contract; does it?

~snipped~
I do not know. But what I do know is that USD and the currencies of oher big economies is concentrated in the hands of billionaires and billion-dolar companies (that's why we call them that), while the masses may have $100, $1000, $10K or perhaps $100K if they are lucky.
Isn't it the same way Bitcoin is? Those who hodl thousands of Bitcoin are in the minority compared to those who hodl a few sats here and there.
2584  Economy / Trading Discussion / Re: This is the Good Time For Crypto Buying on: July 31, 2022, 05:32:00 AM
Anyone who isn't hodling any potential altcoin or a fraction of Bitcoin (at least) is lacklustre with aim to chasing price. There's enough discount on all cryptos now. All of them have suffered severe beating in price to warrant anyone taking them as gifts now at whatever price one buys them. Just imagine there are those who invested when Bitcoin was $64k+ but are now dillydallying buying it now at less $23k. It doesn't make any sense at all.
2585  Economy / Trading Discussion / Re: HELP PLEASE Wifey got sucked in,is there a way to get out? on: July 31, 2022, 04:33:24 AM
Well, why I won't try to sound or assume the position of a marriage counselor I think your "lovely wife" was in the wrong not to have informed you of her investment move first before making the move. There ought to be cross fertilization of ideas between a couple on major issues such as finance and upkeep. Now, back to the site; it's an obvious investment gone wrong example. The cash fell into wrong hand and I don't think it can be retrieved. That's gone. It's a shoddy site.
2586  Other / Beginners & Help / Re: don't be fooled by titles. on: July 30, 2022, 08:55:34 PM
When I saw your post headline, my mind quickly goes to titles here at Bitcointalks. Titles such as Legendary, Hero Members, etc. To me, that's the easiest title that can fool a Newbie here in this forum because those titles are not easy to get, and sometimes it can equate trust to some extent.
Don't also let your guard down here too when you come across those titles you mentioned. Maintain the smartness of the serpent whenever you're dealing with anyone online, whether in BTT or elsewhere. In fact, whenever you ask questions regarding finance, pending bitcoin transaction issues or lost of wallet with cash in it and someone sends you a pm to proffer a solution; know it's a scammer at work. The real users who will solve that problem for you won't private chat you first. So, be careful. Know the antecedence of any supposed veteran member you're following or admiring first before anything else.
2587  Other / Meta / Re: Spam reserved post, edit later to hit post quota is back on: July 29, 2022, 04:20:45 PM
For other members, we can report such posts as spam.
If such posts are from participants of the famed scam site - 1xbit, I think it's pointless wasting efforts in reporting them. Those who are enrolled there and the project they promote deserve each other.

~snipped~
Manager (and forum users) can only see edited if they visit a specific topic to see that post. If the manager only count posts in post history of a participant, it is impossible to know that post was edited or not.
Oh, really? Then that could be a major reason I shockingly find shitposters in some reputable campaigns. Reading isolated posts without following the stream of thought in the thread is likely not going to expose even off topic posts, the same way it won't expose edited posts too. It should behoove managers to do thorough jobs and monitor what their participants post. After all, they say that what is worth doing at all should be worth doing well.
2588  Economy / Reputation / Re: Why was franky1 banned from Dev & Tech? on: July 29, 2022, 03:21:18 PM
As a newbie on the forum, Franky1 was one of those guys who I really admired and loved to read his posts on Bitcoin discussion board, even though I barely understood 60% of that he talked about.
Yes, I think it was so too for me with him. I guess at a point he had a discussion going on about experimenting the use of Bitcoin in Africa or so. I guess he was the user. I can't be too sure now.



In honesty, I think the dude is knowledgeable and that tagging and banning him subforum is overboard. The best official thing to do would've been for those who don't agree with his POV to ignore him. Yes, he's seemingly arrogant in his stance and conviction and wouldn't want to take a second opinion but that shows how different we all are in optics. I won't even be shocked if in future those who think they're right now are proved to be the ones who've been wrong all this while 🤔. Yes, such a reversal of conception once happened in the past with the earth theory stuff.
2589  Other / Meta / Re: A proposal to "hush" other users on: July 29, 2022, 06:07:45 AM
I've seen a few posts from more experienced members either using or suggesting the use of the "ignore" button. At first, this struck me as unnecessary, but as I've been finding my feet and exploring the forum more, I'm starting to see their point.
I ain't sure there's any user who has stayed here a complete "Bitcoin circle" of four years who hasn't ignored another user(s). I've a few on my list, mostly scammers and irritable trolls. It's also possible some have me on their ignore list too, for whatever reason they may have. That's the irony of the whole thing. No matter how good a user thinks they're, there will be other users ignoring them too for one reason or the other. It doesn't boil down to only perceived shitposters.

Quote
I'm not sure why there are so many posts like this, but my best guess is that it's users either trying to rank up quickly or trying to fulfill their signature campaign commitments.
Of course, ranking up is hardly for shitposters as they don't easily get merited. It's the second option in bold.
2590  Other / Beginners & Help / Re: Steps to owning sats on: July 29, 2022, 05:42:26 AM
Save or collect 0.01BTC and you are a Satoshi millionaire. Isn't it something to be proud of? 0.01BTC is still in reach of everyone.
In 2017, that used to be weekly payment for Full Members in signature campaigns. I know senior rank got paid around 0.012btc to 0.018btc weekly in regular campaigns. It was worth around $100 or slightly above it then.

This thread is not about steps to owning Sats. The title does not refer to what's being talked about in the OP, and vice versa.
At some point, I thought I was the one who missed the point in the OP. Glad to know that someone else noticed what I thought too.

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You don't have to buy a specific amount of Satoshis, either. You just have to buy what your money can afford.
That's the way I look at it too. I don't pile up pressure on myself for wanting to own Bitcoin. Just buy when you feel you've free cash to spare.
2591  Other / Beginners & Help / Re: This is why Bitcoin is the only way on: July 26, 2022, 07:40:50 PM
~snipped~
but that will not happen to high-ranking officials who are indeed caught doing corruption, corruption officials are really still free and still enjoying their wealth because they have important positions. Unlike us who are just ordinary people who when we have a small mistake will get a big punishment. that's why centralized systems are some of them unfair and arbitrary.
That's the irony and it's the major reason it irks those who are reasonably conscientious. Throughout the globe, laws are often partial in execution; a part for the poor and a part for the rich. In Africa, it's worse as people avoid speaking truth to power in order to save their miserable lives and that has led politicians to believing they can do anything and get away with it. What happened in the case of #endsars in Nigeria wasn't even a riot. It was a peaceful demonstration that lasted days and that shocked the Nigerian government who never believed the youth would last a couple of hours on the streets. It was a show of force from the government that made the peaceful demonstration degenerate into something else.
2592  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are people still buying XRP? on: July 26, 2022, 01:20:40 PM
For years and years and years the "thesis" behind buying it was "BEcaUsE BAnkS aRE UsINg iT"
Honestly, you're spot on with that catch phrase the promoters adopted. During my early days in cryptos that expression used to perplex me because I knew the sing song here at that time was the banking sector being against cryptos. So, if banks were against cryptos how then would it be that Ripple (as it was called then) would be their darling? It was a conflict. XRP remains about the only top 10 crypto that I haven't come around to buying for the sake of hodling, at least for once. I don't like the dynamics behind it. Its supply is huge for me.
2593  Other / Beginners & Help / Re: This is why Bitcoin is the only way on: July 26, 2022, 12:21:43 PM
For example a couple of months ago we saw how the Canadian regime shut down bank accounts of all protesters and anybody who even slightly supported them through social media.
I don't know why all governments of the world do that. It doesn't really matter whether they're from civilized clans or not. You can imagine Canada that's rated high as a sane society. One would think something of that barbaric nature is shamelessly the exclusive right of the African continent because of the bad and corrupt leadership in Africa. In Nigeria, we also had the Canadian experience during the infamous #endsars protest in October 2020. The aftermath remains what crypto lovers in Nigeria are still battling with till date as regards the ban on cryptos in the country. Many accounts were frozen during that protest and after it as the government felt protesters got funded through cryptos. It's a shame.
2594  Economy / Trading Discussion / Re: buying low and selling high on: July 26, 2022, 10:18:37 AM
is using spot trading to buy low and sell high for few dollars a good practice? a close relative said he was able to grow his crypto portfolio this way, is this a good practice?
First off, there are certain things one is taught in theory that aren't that way in practical reality. Example is the buy low and sell high matra. This, in the true sense of the expression, doesn't exist. It's the same thing when anyone says something about overbought and oversold. I say this because no one can figure out a bottom or top while price is at that region. Anyone who tells you otherwise or says they knew Bitcoin top or bottom before it happened isn't telling the truth. This is a highly unpredictable industry. There's not certainty and that's why we say it's speculative.
2595  Other / Beginners & Help / Re: Recovering Old Username on: July 26, 2022, 10:00:45 AM
Your registration date is also from 2016. How come you didn't lose the password for one account, but lost it for another?
I guess OP has suddenly realized they were about to be caught in something untoward and "unholy", therefore has chickened out by deleting all their posts.
2596  Alternate cryptocurrencies / Altcoin Discussion / Re: BUSD or USDT? Which stablecoin is safer? on: July 26, 2022, 08:22:10 AM
BUSD may get fucked.
I had to single that comment out to let you know anything can "get fucked" in this crypto space. That done, now to the question. The two stablecoins you mentioned are the only ones I've been using. I started with Tether when the stablecoin option became a thing and then moved to BUSD. It's my favourite now because I do trade often on Dex using the Trust Wallet Dapp. For me, BUSD is ok. I tend to tie it to BNB. Seeing how BNB has come to stay, I believe BUSD too won't go rogue since both are from the same platform.
2597  Economy / Speculation / Re: Bullish VS Bearish on: July 26, 2022, 06:49:51 AM
The lowest price bitcoin analysts have predicted lately that I know about is $14000.
I saw $12,500 too. Those two figures are plausible anyway if we considered how erratic Bitcoin is. Even with price looking up now, we may still not be out of the woods. The good thing about this present dip is that it's creating an entry point for enthusiasts who missed out in the past to get in and then make money to change hands as paper hands offload theirs on the market. The gainers in all this will be those who sell and convert to stablecoins so they can buy back cheaper.

However, the $1,000 price projection is out of it. If we didn't get that in the last huge bear of 2018/19, I don't think we can now or going forward.
2598  Economy / Scam Accusations / Re: There is a new scam going around on Twitter, WHY THOUGH?!? on: July 25, 2022, 07:56:51 AM
Scammers give you attractive offers and if you have a greedy mind then you want to try and you get trapped. Scamming is always trap that they set for you if you fall you lose.
I just talked about a similar thing today in another thread. Scammers work on victims' greed, nothing else. For anyone to be scammed, check very well they too are greedy. I'm not talking of a complete hack where the victims may not even be aware. I'm talking about active participation of the victim in their bid to claim what wasn't even theirs. This day, it's dangerous clicking on links; even when they're from trusted friends. Some times our friends may mean well but will be ill informed on this crypto stuff and in their bid to help out they may endanger us. I've seen this happen on several occasions. This innocent friend who is naive finds a seemingly great site paying people who visit their site and then decides to share link to the site, not knowing it's a scam site. It gets dirty. I advise everyone to be their own detective.
2599  Other / Beginners & Help / Re: Wallet address and the mistake some might make on: July 25, 2022, 07:15:20 AM
So that is why is advised to copy and paste the wallet address and send to the sender of the coin and not typed.
But of course, how do you even begin to type the address out in the first place? Isn't that like unnecessary? Anyway, I think anyone attempting that has ample time on their hand and wants to waste it needlessly. Besides, mistakes are even likely to happen while typing. Again, even copying it without scrutiny can lead to errors too. So, in copying an address I've make a point of checking the first few letters, the middle letters and the last four letters. Taking one's time in doing that isn't a waste of time. It's good to crosscheck details and not be in a haste while on financial transactions. I tend to treat my financial dealings with the precision of a defence lawyer in a murder case. Errors of omission shouldn't be allowed.
2600  Economy / Scam Accusations / Re: Take money $170,000 on: July 25, 2022, 05:46:26 AM
For me, number one rule of thumb for not getting scammed, whether online or offline is never expect to reap where you didn't sow. That's my financial guide besides never getting greedy. That which you shared here has been on for a long time now, especially on telegram. The first time I saw someone plastered their passphrase on a telegram group I knew that person wasn't that dumb doing that. It was a bait. I didn't even contemplate checking out the wallet transactions. I just continued reading other stuff. Those who fall for this type of setup have the tendency of scamming others. If not, why would anyone be quick to take advantage of a seemingly ignorant user.
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