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281  Other / Beginners & Help / Re: should lack of knowledge about an existing thread be tolerated in the forum? on: July 03, 2024, 09:01:06 AM
Actually I know that anyone who is new to any platform for the first time is considered as a novice or newbie but it is expected that anyone who is using a platform should be able to read/write and understand but it should be noted that every platforms have either their terms of service otherwise terms and conditions or rules and regulations that guides the activities of that platform and in the forum here we have the forum rules and the forum comprises of individuals with great intellectual capacities but it's still very odd to me how some people while making posts they will be using this statement "I don't know if anyone have talked about this or have created this topic before" like it is so annoying more especially when I see some higher rank members doing this also because as someone who have been in the forum for a long time, it is expected that you are familiar with the activities of the forum and should know that before you create a topic in the forum, you are supposed to use the "search box" to check if such topics have been created, existed and discussed before and i believe that was the reason why the "search area" is there so that we don't do things out of ignorance.

I'm sure we both have same thoughts on a case like this. Some certain law outbreaks that newbies are to do and then older users would correct them is what the older members are already doing and when the newbie does that, it becomes a basket of throwing stones of criticisms.
If as an experienced member, your insight tells you that such thread you're to creat may have existed before in the forum, all you needed to do was to use the search box to justify your mindset.
282  Economy / Trading Discussion / Re: Failed DCA Strategy When Buying Bitcoin on: July 03, 2024, 08:06:27 AM
The owner of this address bought a million dollars worth of Bitcoin every day from August 11, 2021 to January 1, 2023.

https://bitinfocharts.com/bitcoin/address/bc1qw0pswznckx7s6tjmd2f5hrx4q6kc5nyrdxku50
Received:   17,536.2628 BTC (517 ins)   first: 2021-07-25   last: 2022-12-28
Sent:   17,536.2628 BTC (517 outs)   first: 2023-01-01   last: 2023-03-05
Profit from price change:   -239,395,601.9 USD

Approximately $460 million was spent buying Bitcoin, resulting in a loss of over $239 million. Perhaps this investor did not know that the DCA strategy is better to use for a longer period, or perhaps he found a more profitable investment.

I think the DCAing is a personal investors might who is fearful or mindful not to buy sporadically at most higher rates.
Looking at that Investors purchasing chart, he seems rich enough not to panic with whatever cost of value the bitcoin price maybe.
He might basically layed on storing his values in there not prioritizing investing even though he knows the vessel is potential to produce profits.
You you ask him, then he'll say DCAs is for poor Investors. Haha 😂
283  Alternate cryptocurrencies / Altcoin Discussion / Re: You Can Expect Anything From Meme Coins on: July 02, 2024, 03:06:44 PM
Well, looking at the huge numbers of their competitors, you won't be surprised by their creative ideas to make their meme coins unique from others and the strange thing about it is you still find lots of investors buying it because you don't know where you can make profit from these meme coins.

Though their ideas are strange and innovative, you still find that some of them will make huge amounts of money because of the way they promote their project and many will invest in it. Just like the Memecoins back then we thought that would never make it to the top but look at them now, as soon as they gathered enough funds, they expanded their platforms and became one of the best Memecoins available in the crypto market today.

Exactly, it's just about trying to create uniqueness but in the same meme community.
It's like when reputable coins financial gains the approved to build its blockchain just as Solana does. It all feels a uniqueness of it among other MemeCoins so, future coins developers could be little creative in the community too with same goals of other projects basically to attracted popularity based on its something new in addition to others.
284  Local / Nigeria (Naija) / Re: How to setup password to protect your personal data online on: July 02, 2024, 12:34:34 PM
A lot of websites, apps or anything that requires passwords this days surely do require your passwprd to be atleast 8 and above. The  second part is a very popular suggestion that I have noticed but sometimes people do ignore it and continue with making their passwords vulnerable, adding signs and symbols in your passwords helps in making your passwords more difficult to crack by hackers.

True lot is cyber sites and platforms has realized that users profiles in their platforms has been possibly be attacked and compromised due to fact that profile holders has been using vulnerable security keys to their accounts, this has layed some emphases for the platform domain to suggest some strong security keys for users or likely, you'd be guided on layouts of how you can create stronger security by yourself such us using upper and lower keys including numbers and symbols.
You'll also be directed not to use keys they're similarly to your profile details just as Op has made mentioned.
That's typically because intentional hacker doesn't use an IQ to guess your security keys with your profile details.
285  Bitcoin / Bitcoin Discussion / Re: Satoshi era Bitcoin wallet wakes up after 14 years, sends 50 BTC to Binance on: July 01, 2024, 10:35:52 AM
The Bitcoin wallet belongs to a miner who earned 50 BTC as mining rewards in July 2010, a time when BTC was trading at $0.05.

https://cointelegraph.com/news/satoshi-era-bitcoin-miner-sends-50-btc-binance

they always say it like it's good news. i don't see anything good about it. it seems more predatory than anything else. unloading something you got for free and making people pay $3,000,000 or so for it. that's not helping them is it?

hopefully these type of occurences will stop happening once all these people finish dumping all their wares onto the blockchain.  Shocked

I don't know how to figure a problem out of this 50 Btc holder, it's certainly a good news to hear someone earned it holds such value of bitcoin when it was $0.05 until it surges to $60,000 plus.
That's really inspiring that long time holding could offer investors or bitcoin holders tangible profits.
Let's be kind, it isn't predatory at all because it's a hard earned and not free as thought. Obviously he worked for it on mining and was rewarded for a job done.
So if he wants to keep holding it, that's his choice but if asked to offload it, then he has all right to bargain a deal if the blockchain really wanted him to do so.
Please don't fume it like there's is specified maximum time to hold a bitcoin assets.
286  Economy / Gambling discussion / Re: Ever Hated someone because he/she win too much, when you are constantly losing? on: July 01, 2024, 09:48:25 AM
- will you (for the sake of peace, maybe to hide your envy, jealousy) continue to go gambling with that friend? And continue to lose your money?
- or will you tell him point clear that you are no longer interested in going to gamble with him? How are you gonna do it so he doesnt suspect that you are not happy with his constant winnings, when you are constantly losing?

I'll always keep that emotions to myself and not letting know about it not for peace sake because there's no dispute between us as a course of us going to gambling together rather I'll kindly tell him that I'm begining to loose more than I can't keep holding so, I'll need a break or limit the consecutive of times I gambles.
He'll surely understand because it's believe that he also withnessed me on those looses.
287  Other / Politics & Society / Re: Conflict and society. on: July 01, 2024, 09:22:42 AM
Conflict is usually missconceived  to be evil by many. But for the Chinese it is an opportunity + chance.

Depends on your narrative but on a norms, conflict is accompanied with negative impacts and it doesn't matter if it benefits a party or not. It's either an architect to dubious, suppress or oppress others which could lead to an opposition of holding sentiments whether politically, economically or otherwise.
It's typically a disputing interceptions against the other.
288  Economy / Trading Discussion / Re: Price diffrence and jupiter dex ? on: July 01, 2024, 09:10:56 AM
This cannot happen if that coin is listed on many high liquidity exchanges. if you don't like exchange price, you will withdrawal token from that exchange and deposit it into another exchange and selling it. However, if the token is listed on unknown platforms, the prices can easily be manipulated, especially if it listed on scam exchange or no liquidity exchange.

Quite unbelievable how it could happen. Nomatter how highily liquidity and exchange can be or highily volatile the token could be, it doesn't seem possible for a trending price of $1,800 to drop to $1 within the same period of trades.
So it's either there's a scam in the system or the Op isn't being straightforward.
289  Economy / Economics / Re: Invest on your dependants if you too must grow further on: July 01, 2024, 08:43:15 AM
It would definitely be a wise thing to do if the good idea about cryptocurrency is shared with other family members. But I think in the context of my living environment it will be a bit difficult to attract parents to invest with a good understanding of cryptocurrency or bitcoin. Because they will be more attracted to physical products or services than virtual products or services. But those who can do so will surely be one of the lucky ones.
Parents who don't understand about cryptocurrency or bitcoin will certainly find it difficult to invest in Bitcoin unless there is someone who is really able to convince them about cryptocurrency or bitcoin. Because in general, convincing older people who don't have an understanding of cryptocurrency or bitcoin is very difficult if the person saying it is someone younger than them. But everyone must be able to convince their own family for a better future because now smart investment is not only about physical assets, but also non-physical assets such as Bitcoin.

Older parents who're not comfortable with the modern days technologies wouldn't be able to trust digital currency such as the crypto or bitcoin as mentioned and they don't have to blamed. This isn't about succeeding to convince your own parents to Invest on any of it because their emotions can be traumatic even while counting on you as their child because they can't lively see the market moving and the profit won't come as quick as expected to solve their needs. Unless the parents have enough funds to risk.
So literally, older parents want a physical trading believing with an individual marketing skills, they can always secure their profits on daily basis and that real suit them best.
290  Alternate cryptocurrencies / Altcoin Discussion / Re: Just tap on your mobile and get rich! What is the main purpose? on: June 30, 2024, 10:18:39 PM
When I open Instagram, I see many people promoting projects like Tapswap, Hamster, etc, and assuming that the audience is stupid by promising a great life and a lot of money. But there is a positive point here because regular people are learning a lot about digital currencies. In my opinion, users can only make a few hundred dollars from these bots, which isn't bad, but the reality should be made clear to people. Do you think it's really that easy to get rich with just a few taps?


There's every possibilities to get rich if participated on the legitimate mining projects. Like when  NotCoin and some few projects was launchedbsjd it trended lucratively in the crypto market cap, a lot of participants who kept tapping, mining and accumulating the coins made a whole lot of money while some who gave up halfway or didn't accumulate a lot made just a little.
It's also possible to accumulate even more than a lot of ongoing projects that hasn't been launched and can end up being unfortunate to the participants with all time wasted after the project crashes even while unlaunched.
It all just depends of the coins value and legitimacies.
291  Economy / Gambling discussion / Re: Was it a Gut's feeling a Mathematical calculation or a Coincident? on: June 30, 2024, 03:42:24 PM
Winning on scratch has no strategy because the big prize winners are usually pooled and decided at random to prevent people chasing the last tickets.

Of course either instincts of feelings, you can't change what got to be in each scratching ticket so far that it's not magical.
It all bestows to luckiness that you might probably pick the right one which every purchasers do wish to pick that very one winning ticket.
So,  it's basically the instincts and feelings of each and everyone remains the same but being the lucky one makes the result difference.
292  Other / Meta / Re: Should this forum ban the use of chatbots and AI entirely? on: June 30, 2024, 03:08:10 PM
It's been two days and three pages on his thread, and he still hasn't shown it; I got it. Maybe he is trying to get the best answers to his AI and chatbot figuring out the best defense for his question.
Should this forum entirely ban the use of chatbots and AI?

When you rely on AI and chatbots, you're not trusting your logic and opinion. If you used to rely on AI and chatbots for your answers even without copy-pasting only for output, you are giving yourself an edge over the members of this forum, which is not right.

It really feels irritating how a forum user could be boasting about being a critical thinker to solve problems or how you'd be unique to the quest where there're many others when they relies their abilities on AI or bots.
If the use of AI or chatbosts were enabled in the forum, the literally this forum wouldn't be relevant because we can also clear our doubts and findings through the AIs while in our respective being without the forum.
Hence, this forum is trying to profer advanced ideals from users by their logical contributes that's why chatbots or the AI isn't permitted here.
293  Bitcoin / Bitcoin Discussion / Re: How Bitcoin can 'Scale' in a Lazy & Convenient Tech World? on: June 30, 2024, 01:14:53 PM
I don't know about other people, but I frequently use Google as a search engine, to look for information. If it's a website I know, and I want to order something from there, of course I just type the first couple of letters into the address bar and go straight to the website. But I'm looking for information regularly, perhaps 10 or more times per day. It's things like when does the post office open, how can I get from point A to point B, or just situational things related to life (or just out of curiosity).

Actually the necessity for Google search engine is to help facilitate on ensuring proper contents of a user or serves as quick notation in order to proceed, process and get yourself search or enquiry resolved and satisfied.
There could be a lot going through ones mine that you don't find somethings necessary to be stressed about such as memorizing of the web sites as Op has emphasized.
Let's imagine our private seed phrases, why do we still have to write them down or store them elsewhere if we think search engine are for lazy people? That's just basically to be ensured that what we're doing is right and how to save our time instead of going through the critical and logical stresses.


As for your point about lazy people, I agree that there should be more mainstream solutions that make Bitcoin as user-friendly as the best mobile banking can be. I think such projects exist, but adoption is still not very high, and you are sacrificing decentralization when you go down this road.

It doesn't still feel that everyone wouldn't be lazy in other ways if only bitcoin has become a friendly banking method. Life is just being too broad that we can't afford to grasp all of the trending developments such as crypto currencies to be expected that everyone must adopt and accept.
294  Local / Nigeria (Naija) / Re: About cryptocurrency on: June 30, 2024, 12:24:08 PM
Nice analysis. But while you mentioned type of crypto currencies, maybe before then, you should had brief about the origin of crypto currencies by giving bitcoin that respectable privilege as the first developed cryptocurrency and then differentiate it from others to be alternative cryptocurrencies.
It'd help beginners to follow up the historical originations and co. founding of cryptocurrencies in regards to how they can also believe the fact prompted the initiation of digital currencies and not just about how they could earn from it.
It'll really be too exhobitant for a bitcoin enthusiast to state all varieties surrounding bitcoin otherwise, I was also expecting that you'd had also discussed on the coins differences based on possessions as potentials but yet, you did well Op.
295  Economy / Trading Discussion / Re: With good psychological behaviors can one remain consistent with random signals? on: June 29, 2024, 10:09:48 PM
With the right psychological mind set can a trader make it with just random signals rather than spending too much time understanding all about technical and fundamental analysis?

I've been wondering how some traders suddenly become consistently profitable in a very short length of time compered to others. Some 2 years, some even in the first year with simple basic technical strategic Ideas while some spend 5-6 years or even more before becoming consistently profitable. And some are even making it with just copy trading systems.

Does it mean one could become consistent in the market learning just a few trading tips with well structured psychological behaviors?
What brings about consistency? Good psychology or years of experience. What do you think Huh

Some traders can actually be genius like that just as some members in the forum can grasp eat a lengthy thread could be about in a summary but by understanding the topic and reading few between lines.
So In trading, such traders may only require to understand the basic forms of the trade specifically the risks and how to avoid it including the trades potentials in a summary view and then, they're just good to win.
296  Economy / Gambling discussion / Re: How often do you recognize a match fixing? on: June 29, 2024, 09:56:09 PM
We all know match fixing is a deliberate manipulation of the result of a specific event, sports, and anything under the scope of gambling. I have come across to a realization that we may have seen a lot of these in the major leagues in the mainstream sports industry.
Some people think match fixing is almost exclusively a definition of 2 teams collaborating to end up with a planned outcome, like the total score, each team's scores, or an individual player's score to influence the betting results. But it wasn't really limited to that. Most of the match fixing involves bribery. It could be that someone is paying a specific player to underperform, an officials to make bias calls, or paid the judges to make bias results. Involving a few people to a match fixing will save them a lot than bribing the whole team.
I believe we've seen a lot of these circumstances already and most people think it's just human errors. What I think is that, these has been set up by someone from the inside who has connections from the gambling firms in an attempt to alter the outcome to their favor.
Gambling is rapidly becoming huge, and sports nowadays are becoming more of a business than being a sports itself.
These are just my opinion based on my observation. How about you? what do you think?

I agree with you but remember that other players compromise such a one on one bargain if the both teams are not informed. In sport events anything is possible and it could affect gamblers predictions either in the good or bad way.
297  Other / Meta / Re: Should this forum ban the use of chatbots and AI entirely? on: June 29, 2024, 09:12:06 AM
Hey everyone,

So I've been using a chatbot to help me detect scammy behavior and provide arguments against scammers, and I've gotten mixed reactions to it. Some people appreciate the flags and scam accusations I've made with the help of my chatbot, while others think it's insincere or even cheating.

I've noticed that some people don't like the use of chatbots in this forum, and I'm cool with that. But I haven't seen any official petitions or discussions about it, so I thought I'd bring it up here.

What do you all think about the use of chatbots and AI in this forum? Should they be allowed, or should this forum totally ban their usage? I'm curious to hear what you all think! I'll be sure to reply to what everyone has to say next week, but for now, I hope you all have a great weekend!

Chatbot or AI apparatus is highly prohibited in the forum and there's existing sanction to penalize who uses it.
Using AI in the forum in disguise of using your self knowledge is plagiarism which is unethical in the forum but I think using a both to detect or pinch fraudulent fragments by which it's believed that there're scammers in the forum might be acceptable because the forum is decentralized and it's every forum members responsibilities to watchfully and contributes to the orderliness reputation of the forum.
298  Alternate cryptocurrencies / Altcoin Discussion / Re: he Development and Growth of Exchange Tokens: BNB and BGB on: June 29, 2024, 08:57:38 AM
I might be wrong, but I believe they will be thinking of having their own blockchain like Binance did or if there is anyone who can advise them to do so, because, with the fact that they have a launchpool, good marketshare, marketcap expansion and increasing trading volume, I believe their token can get to $5 before the end of 2024. Let's do the maths, so we don't miss out, what do you think?

Every projects token would wish to build their own blockchain but it isn't about the want but based on qualification of the coin to have its blockchain and only the potentialities and possessions of the tokens can determine that.
So it's not that they're not interested to have its own blockchain but that'll be a future consideration not now because the token doesn't posseses the requirements.

299  Local / Nigeria (Naija) / Re: THE TRADERS AND THE MINERS ARE BOTH SMILING on: June 29, 2024, 08:30:24 AM
In our today world, making money is easier in the crypto space, you don't really need vigorous knowledge to venture into it, all you need is elementary knowledge of it and your phone. You can start with or without money, you just have to choose whether to be a Trader or Miner.

The crypto spheres isn't an end of the road of making money, so then, there'd always seems vital excuses of those who're unable to earn from it.
Earning in the Crypto markets isn't just so easy as thought because you'll either need to invest with your money and knowing quite well about the volatility nature of cryptocurrencies especially the AltCoins, it could ruin an inexperienced investors financial portfolio.
Talking about mining? It isn't still so easy because you'll need much technical knowledges and series of electronic or or mobile equipments for it. It's just unfortunate that not everyone can afford all that requirements.
Talking about airdrop? You can still fall into fake projects having all your times wasted with it.
Instead I'll say that crpto market is a flexible industry which allows and enables individuals to for flexible digital earning diversifications while saving you physical stresses.
300  Local / Nigeria (Naija) / Re: Investing in Bitcoin can save you in times of war on: June 29, 2024, 08:03:28 AM
Bitcoin is good during war for transactions because the war might affect physical banks and the rest. I could remember Russia using bitcoin during the war to purchase goods from outside the country since they have been sanctioned by UN.

Bitcoin transactions does not need a third party to hp you carry out your transaction or a middle man which makes it more unique of its p2p payment method due to the decentralized nature.

The most advantage of bitcoin during war in Nigeria at now is the character that it can be for storing values. Considering the number of bitcoiners in our locality, its means of payments would always favour those who had been in the system before the crisis.
Let's say at the perceive of crisis, even non bitcoiners can take the risk to convert their physical assets and funds to bitcoin and have it secured from losts of damages by the crisis. Although such time of war either during or after the war, it could prompt more of Nigerians to accept bitcoin for means of payments either by considering the current ugly situation or recalling the past of the war which they suffered from not having means of payments.
So it's really going to be a learning in a hard way for Nigerians.
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