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281  Economy / Economics / Re: Harmful effect of robot to the world. on: May 03, 2024, 07:48:09 AM
There is no doubt that the introduction of robots have reduced the manpower of humans and employment opportunities reason being that things that man can do physically will now be done by robots but it's not every job or work that the robots can be able to do and moreover robots becomes more useful on physical assignments on like technical and technological aspects of doing works or job, just like someone have said earlier that AI will become more useful to human because they solve majority of human problems so robots should not be targeted as what is causing the rate of unemployment and we shouldn't always be thinking about being employed but we should be able to learn how to create innovations that will employ people and become self employed. No matter how robots tries to replace human efforts in doing things they cannot entirely do everything that human does after all they were programmed by humans.
282  Local / Nigeria (Naija) / Re: When investing in Bitcoin, don't forget to invest in your health on: May 03, 2024, 07:37:55 AM
Na very important topic you bring so because a lot of us no dey pay attention to our health again because of too much hussle to make ends meet and to find things wey dey go put their money wey go bring good returns and you no go blame anybody because if you say make you go hospital self go do checks for how your body system dey, first Dem go say make you pay for card before you see doctor before you know only to buy card and to run test don chop money wey you go carry feed with your family and now when the test results come out them go write expensive drugs wey you go buy so e no dey easy for anybody at all.
But anyhow e be make we try dey pay attention to our health no matter how tins dey rough reach because if something dey disturb you for bodi and you no treat am the sickness go dey accumulate dey grow for your system till wen in don big Den when you wan treat am the thing go don damage the immune system such that e go make am dey resistant to drugs, you go dey take drugs e go be like say the medicine dem no dey work again. Abeg health is wealth o make we take care of ourselves because if anything happens to you nobody go help you o so make you help yourself by making sure say you stay healthy.
283  Economy / Gambling discussion / Re: Do you care about what people say about you gambling? on: May 03, 2024, 06:21:58 AM
If it was someone else I would ignore it, why is it like that? because they don't know me in depth and don't know where I live so just relax even though other people will comment badly even though I'm gambling. But I always anticipate this by not gambling in public places, especially when we're in crowded places and there's not much difference in seating too far from other people because I feel uncomfortable if other people see my activities whether I'm chatting or playing on social media or even gambling because they could peek or want to know what we want to do. Because I also don't like peeking at other people's cell phones because cell phones are personal.
Gambling is meant to be done at a leisure time when one is free and not in an open place or crowded environment because we live is a world where people are more interested to know what others are doing and since you stay looking at your phone in a public place there is no way someone will not peep to know what you are doing or watching. Avoiding doing some personal things just like gambling that most people in the society feels that people who are into gambling are either wayward or useless, no need to give them opportunity to talk ill about simply because they have seen others go wrong direction in their gambling life.

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So whatever the reason, I don't care about other people's comments, but if my friend reprimands me or comments on what I do, whether it's gambling, I will respond why is that? because they know me and my family. So I'm maybe will explain that my gambling is healthy gambling, sometimes my friend is just worried if we gamble to the point of becoming addicted, therefore usually good friends always remind us not to go beyond the limits.
Exactly, so far as they don't know you there is no reason to give them any explanation or care about what they said to you, but if it involves someone who knows you or a friend of yours it is good for them to know your are a gambler because they can give you good advice on how to go with your gambling because they are your friends so they will not like anything bad to happen to you so they are likely to be helpful to you.
284  Other / Beginners & Help / Re: Merit decay on: May 02, 2024, 03:57:51 PM
I think local boards should have merit source because that would help a lot to enable the locals that do not go out due to their language difference be merited. I believe their are lot's of good post that have not been over looked  as a result of the fact that the locals do not visit the general board or apply for a review as a result of language difference barrier.
Yes a agree that local boards should have merit sources of which I have been able to do some research and found out that each local boards has a merit source though some have little allocation of merit but how can someone register on this forum without knowing how to interact with users here in  lingua franca (English language) when most of the information here are in English which is accepted by all or is it that each local board has a language translator that helps in translating English to their local languages? Even if they have a translator, is it that they will only engage in conversations in their local languages without moving to other sections like the bitcoin discussion which is one of the major boards of this forum.
285  Other / Beginners & Help / Re: Off limit topics on: May 02, 2024, 03:25:46 PM
Alright thank you all for your responses, since it is just a direct answer that is just talking about a post being deleted I will lock the thread now to avoid repetition of answers when it is actually pointing at one thing
286  Other / Beginners & Help / Off limit topics on: May 02, 2024, 03:06:38 PM
Just some hours ago I tried to open a thread and an error message popped up showing that the topic is off limits to me then i begin to imagine if are there topics that are really off limit to a rank or is it from my browser? But if some topics are off limits to low rank members then what could possibly be the contents that such topic contains that a lower member cannot be able to access it.
287  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 02, 2024, 01:01:52 PM
I was merely mentioning it as a guide for newbies who want to start HODLing. DCA at the current price = Good. But "IF" Bitcoin crashes down to that line or go below it TODAY = throw DCA out of the window and get as much cash as you can and buy Bitcoin.
Basically the DCA is more advisable for anyone that on a salary payroll or your income comes in a specified interval but for anyone that have a lot of money that they have accumulated for long the DCA will not be necessary for them at an intensed DIP but the lump sum is what is needed at that particular time but in subsequent purchase of Bitcoin they can choose to apply the DCA so if the price dips further than this then it will be a very good advantage to buy huge and you can even decide to forget about the DCA yet and use any income you have to settle some real life projects and needs so that on know account will you touch your holdings then watch your investment in Bitcoin grow as time goes.
288  Bitcoin / Bitcoin Discussion / Re: CZ Sentenced, Your Bitcoin in their Custody on: May 02, 2024, 12:28:34 PM
Already the reason for creating Bitcoin was to stand as a decentralized means of exchange among Bitcoin holders and not for using centralized exchanges to exchange Bitcoin for fiat because if we keep exchanging Bitcoins to fiat that means we are still giving fiat value and the quest to achieve a Bitcoin adoption policy in our monetary system may will take much longer time.
Centralized exchanges is very risky because before you are allowed to use centralized exchanges you will be required to undergo KYC which includes your personal information which can be traceable and since the government is not completely in support of cryptocurrency means that everyone needs to be very careful when giving out personal data about themselves more especially those of us in the crypto industry because all the eyes of the government are focused on any loophole they will use to clampdown cryptocurrency though it is rather too late for them now because the awareness have gone beyond their imagination.
289  Local / Nigeria (Naija) / Re: the decline in price of bitcoin on: May 02, 2024, 06:41:32 AM
I learnt that $300 million was liquidated from the crypto market that was the reason for the fall. As people are expecting an increase in the price of Bitcoin, others are also waiting for a dip for them to come in so with the dip that occurred recently, we should be expecting a rise any moment because a lot of investors will seize the opportunity to accumulate more Bitcoins. The dip is also part of the post halving corrections that is meant to occur so there is no cause for panic. Keep hodling and better still acquire more when a dip occurs.
290  Local / Nigeria (Naija) / Re: Finally we have a localboard moderator on: May 02, 2024, 01:32:52 AM
It is a good thing to witness this great achievement of the Naija Local Board, though no be today wey we begin dey look for things of dis kind because our local board don dey expand and e get one saying say any organization wey no get leader no dey go far so as dis great thing don happen for our local board na something wey need make all of us rejoice together because e no dey easy at all but for dis milestone achievement i want to say thank you to number one man for the forum wey be oga Theymos, him don show us say him be great leader and him dey always do things for time wey him suppose do am so i tank am well well then still dey beg say make him no turn his back on us anytime wey we demand something from am. My people una well-done because dis one na unanimous decision wey all of us take together and e don happen.
291  Other / Beginners & Help / Re: Does it mean the poor can't breath anymore? on: May 01, 2024, 10:31:30 AM
OP at first I use to have same reasoning as you do but sorry if I sound like a kind of underrating you but your subject doesn't match with the contents of this post because asking if the poor can't breathe anymore doesn't make any sense to me reason being that some newbies here are even wealthier than some legendaries here but because some of them wants to make investments and wants to acquire knowledge from forum members here made them to register and start as a newbie but they are not broke or let me put it in a clear term, not everyone came to this forum for money because if you check some profiles they haven't even applied for a signature campaigns here even when their accounts are due to earn from signature campaigns that's to show that some users here are obviously doing great outside the forum.

Now let me not digress from the contents of your topic, the best way of learning is to face criticism, hateful words, and even called a shitposter or a low quality poster because as a beginner, those words will guide you to learn more about the forum and to also know when you are not doing things rightly and helps you to understand and make more contributive posts that is if you are being contributive but yet receiving degrading words from high ranked members here. See those who criticizes you are part of your success because their criticisms is what will make you to know that you are not doing it right.
292  Economy / Economics / Re: How is it possible to say there is no money in the bank on: May 01, 2024, 09:30:30 AM
After reading the thought about the river, I also had an association with dried-up rivers; in my country, this is a fairly common occurrence. So, OP, stop being surprised. Your post history shows that you are from Nigeria. Such problems with the shortage of fiat currency did not arise yesterday; this was reported already at the beginning of 2023. It's sad that the government can't or won't fix the financial structure in your country, but as an alternative, you can watch your brothers explore investing in Bitcoin. This will be completely out of the control of the banks, especially since the recent news regarding Bitcoin in your country has been very positive.
You've just given a proper answer to OP, I am happy with your response because a lot of people don't even know the reason why Bitcoin is freedom because basically you have access to it, transact any amount you want, hodl it as long as you wish to provided they are kept in a safe non custodial wallets and your seed phrases kept safe. The best decision anyone of this modern day technology can take is to invest in Bitcoin in order to become autonomous of their financial decisions without intervention of the government or any third party organization. Bitcoin is surely an end to fiat currencies because as soon as it's adoption is accepted globally, fiat will become valueless.
293  Bitcoin / Bitcoin Discussion / Re: Now that Bitcoin halving have been completed, what next? on: May 01, 2024, 07:42:41 AM
If you ask what's next after the halving, I think now people are waiting for the new ATH price that Bitcoin can reach. Even though miners get lower rewards than before, if the price of Bitcoin can rise very high, they can make a profit. They will probably keep their Bitcoin for a while until the price of Bitcoin goes up.
Not everyone is waiting for a new ATH, perhaps a new ATH was already created before the halving so even if another ATH should be expected it will not happen anytime soon and there are still investors that are also waiting for a dip in order to acquire more Bitcoins so the expectation of everyone differs and not just waiting for a new ATH to happen besides there are still long term hodlers that are not interested in Bitcoin creating a new ATH again but they just want to continue hodling or better still expecting a dip for them to increase their portfolio the more.

Sure miners gets some advantage when the price skyrockets because at that point a lot of transactions happen from those that wants to withdraw their Bitcoins from exchanges and those selling their coins as well so the traffic they generates lead to high transaction fees for easier confirmation in a block which is beneficial to miners.

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Yes, the market will respond positively to this halving but we still have to be patient because it won't happen instantly. Maybe there will still be a few months away from a positive response and if there is a price movement later, we can start preparing with the selling price we want. We must be able to remain patient and wait until the price can rise higher.
No one knows if the market will respond positively or not but to the highest of my knowledge, the market is determined by itself whether it will be positive or not and it also depends on the demand of investors because basically, if the demand is high it affects the price positively but just as you stated, it requires patience before we can start experiencing positivity in the market just like when spot Bitcoin ETFs were approved, the approval didn't had any effect immediately but after some time we started experiencing significant increase in the price of Bitcoin which even led to Bitcoin creating a new ATH.
294  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 01, 2024, 05:42:52 AM
In my opinion it is completely inappropriate to diversify because we only buy bitcoins not shitcoins. If they are afraid of losing then it is better for them not to invest. Every investment has risks, but we can minimize the risks by choosing Bitcoin as a long-term investment. For someone who does not have full confidence in the decisions he makes, I consider him not mature enough to invest.

It's true, as you said, why diversify assets if the other goal is for shitcoins. in a situation like this I just give a little experience that I saw in media X where many people have become poor because of buying shitcoins and I hope everyone in this thread doesn't become the next victim of shitcoins.

Just focus on Bitcoin, if you don't know Bitcoin well enough then learn while investing. Everything takes time to achieve success in the investments we make. Therefore, continue to believe in your decisions rather than listening to misleading influencers on social media.
Sometimes I also wonder why people try to diversify to other form of investment that is lesser than the one they already own, basically diversifying from Bitcoin to shitcoins how does that even sound in the ear in the first place? However, if you must want to diversify your investment let it be on an asset that is worth it or worth more than Bitcoin and to me I don't even see any digital investment that is worth more than Bitcoin except maybe some real life projects that have high potential values and returns just like real estate so that is the kind of investment to diversify to instead of shitcoins because I just see shitcoins like a distraction for anyone who is committed to owning a huge portfolio in his Bitcoin holdings.

Investing on shitcoins has caused a lot of people emotional damages even one of my cousin who was into Bitcoin before me told me that I should never give shitcoins a trial any day no matter how much i have because he has wasted thousands of dollars on shitcoins but what did he got in return? Losses. Never will I diversify my Bitcoin investment to shitcoins except if it is an asset that has more value than Bitcoin and for now I've seen none.
295  Economy / Speculation / Re: Road to 100k? on: May 01, 2024, 05:23:02 AM
Trading Bitcoin is just almost same as trading or selling your most valuable assets in life because you will find out that you may not be able to afford buying it back again and even if you buy it again you will buy at a price higher than the amount you sold it. Bitcoin is a valuable asset that if you trade it you may run losses, let's consider a scenario where you buy Bitcoin when the price was $50k and sold at $70k yeah you have made some profits then let's assume the price dip to $60k and you are anticipating the price to reach like $90k before you resell again and unfortunately after you buy the price starts experiencing massive dip up to $30k and due to fear and anxiety of losing everything you now decide to sell at that price haven't you incurred losses? this is the reason why trading Bitcoin is not advisable.

We should understand that Bitcoin being a volatile asset, even if you buy at a dip and the price dips further since you are holding for a long term, the price will definitely bounce back and surpass the rate by which you bought it with and your profits will be secured.

That's why selling one investment or holding is never the right call to make even when you are in the point of having enough Bitcoin, but one can take some profit from their investment or holding (without selling the whole investment)  when they have gotten to such point of having enough Bitcoin Stash, because most time one won't be able to buy back at that cheap rate they purchased before . For instance when the price was around $10k alot of folks sold theirs with the sole aim of buying back if the price experience a massive dip, but at the end it move in an opposite direction surging massively. And now the chances of Bitcoin hitting $10k or going below it is damn lowwwwww.  Smiley
It is not as if you shouldn't sell your holdings but let it be at a time that it has yielded good fruits and selling off everything is not a good idea, you know there is not way we can HODL forever because if you hodl without selling to also equip yourself with some real life investments why still hodling some part of your stashes. Normally, investments are full of risk and any investor that have a proper knowledge of how investments work will know that there are times when you make losses but that doesn't mean your investment goals have been defeated. If you must sell your holdings let it be that you have acquired in large quantity such that even if you are not able to keep buying again, the stashes you've got can serve as long as you wish to hodl.
296  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 30, 2024, 02:48:53 PM
[edited out]
Trading is not a bad idea, same as hodling btc, most persons don't have the patience to Hodl btc for a long time, so it all comes down to the individual, we all know what works for us individually and as such we should focus on it, I personally will prefer the DCA strategy, because it has worked for me severally, I see every DIP as an opportunity to invest massively, but same can't be said to another person who thinks another strategy is better, so it comes down to the Individual and the experiences he or she has gotten.

It also comes down to trading not being on topic in this thread... so fuck off with your desires to suggest that trading is worthy of discussion in this thread.

Like I don't really understand why some people are so adamant in accepting a fact, and I just see that the reason most times is because they find it difficult to go through others reply in a thread like how can someone just bump into a thread that is centered on hodling Bitcoin and basic strategies required for long term investment and be making some kind of nasty stuffs, when there are spaces they can channel it to instead coming here to prove a baseless point even ordinarily looking at the subject alone should send a signal about the potential discussion going on here. It's so bad that some people chose to attend events they are not invited, lol
297  Economy / Economics / Re: Your aging and retirement plan is your responsibility. on: April 30, 2024, 02:03:39 PM
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.

Exactly we learn from other people's mistakes that is why it is good to make a proper investment plan for the future because they are what you will look up to when you are not working anymore due to retirement or old age when the strength to work is no longer there. I feel sorry for some old lettered people in the society, if they tell you their stories you will marvel like you will see someone that once worked in a government house becoming so helpless and what i discovered in the part of region i come from is that most of the educated people in the society only thinks about investing in their children hoping for them to take care of them at old age and this has been a very wrong practice that has been going on for sometime now.
Investing in human is not bad but let it not be that we are going to look up to them to stand as aid in the future therefore while investing on human capacity, let us also invest on more real life projects that will become beneficial to us tomorrow. Am investment lifestyle is a road map to good living in the future.
298  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving Making Me Wonder on: April 30, 2024, 01:17:37 PM
I understand everything you said but what I don't understand is the transaction fee they are now charging, I lost a lot from a single transaction 😭😭
In short, the very high transaction fees right now is due to the congestion of the mempool. So in order to have your transaction get confirmed in the next few blocks, you will have to pay very high fees.

Unfortunately, during the halving. A certain group of individuals decided to introduce a certain pointless protocol known as Runes which is leading to the spamming of the network leading to very high fees for normal transactions
Under normal circumstances, things would have been fine but right now we are faced with that problem of inscriptions (Runes and ordinals)

We know that the high transactions fees was because of so much congestion but what I really don't understand is that how long with it take this runes and ordinals to stop spamming the network because this is really making things very difficult for everyone and it's not funny anymore, paying high fees for a transaction to be confirmed is really worrisome and this continues congestions have led to so many people choosing exchanges over non custodial wallets which pose a security threat to their assets because they can't be trusted on exchanges.
299  Economy / Speculation / Re: Road to 100k? on: April 30, 2024, 11:14:55 AM
Yes people trade bitcoin, and I don't recommend it.. I tend to call it dumb, especially if we are talking about generally what people should be doing, which is not trading  but instead building their BTC stashes... .

That's true , Because one trading  Bitcoin is like waste of resources and time . Because when one start trading with his Bitcoin he or she has already open more doors for losses , expecially when the use of leverages is involved. So the best thing to do to avoid such from happening is to focus on building yah Bitcoin stash, by holding and accumulating Bitcoin .

Trading Bitcoin is just almost same as trading or selling your most valuable assets in life because you will find out that you may not be able to afford buying it back again and even if you buy it again you will buy at a price higher than the amount you sold it. Bitcoin is a valuable asset that if you trade it you may run losses, let's consider a scenario where you buy Bitcoin when the price was $50k and sold at $70k yeah you have made some profits then let's assume the price dip to $60k and you are anticipating the price to reach like $90k before you resell again and unfortunately after you buy the price starts experiencing massive dip up to $30k and due to fear and anxiety of losing everything you now decide to sell at that price haven't you incurred losses? this is the reason why trading Bitcoin is not advisable.

We should understand that Bitcoin being a volatile asset, even if you buy at a dip and the price dips further since you are holding for a long term, the price will definitely bounce back and surpass the rate by which you bought it with and your profits will be secured.
300  Other / Beginners & Help / Re: Your favourite exchange can be nowhere to be found on: April 30, 2024, 10:14:36 AM
The reason why most people prefer to store their coins on exchanges is due to the difficulty they face why withdrawing their coins from non custodial wallets to exchanges because of high transactions fees and congestion in mempool that basically takes more time even days before transactions are confirmed and is not everyone that is hodling Bitcoin as majority of people are just interested in swapping their Bitcoins to fiat especially when they have recorded a little profit.
The percentage of hodlers is very low because most of the people that uses non custodial wallets are long term investors so they prefer to store there coins for a long interval knowing too well that they can have access to their coins anytime with the use of their seed phrases.
But for short term hodlers, they mostly use exchanges for easier transactions.
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