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281  Other / Archival / Re: Are investors investing in Bitcoin at ATH now are fools ? on: March 05, 2024, 12:13:45 PM
Well, for me, any investor who knew of Bitcoin in the last circle, witnessed the last bull market and had money to invest but foot dragged till this moment is the one who should be addressed as a fool. It's like those of us here now who are going to be witnessing the bull run but will become skeptical investing during the bear season after this bull rally. Those ones will effortlessly join the fools' club too. Why wait that long to invest or reinvest in Bitcoin when we've seen historical data and known of it's performance if not out of fear? That's my submission.
282  Bitcoin / Bitcoin Discussion / Re: Just a friendly Bitcoin friend reminder - High price = more scams on: March 05, 2024, 10:55:02 AM
I advise everyone to have antiviruses, I haven't had one yet. And also, in no case do not click on links in suspicious emails.
I don't think that's an issue antivirus can solve. Malware don't just happen on our systems/devices. Before getting an antivirus for our device we've to first be the security we seek outside and that's where your second advice comes in. It's a notable thing to do and I think newbies (maybe some old members too) should pay attention to that. Don't click on every link sent to you. Be sure of the source first before exercising your fingers on the keyboard. Be weary of anyone hastening you up to do one task or the other or even an investment. Once you spot any level of impatience with them, that's when you should slow down. Don't allow anyone hurry you up in this space. That's one of the weak links scammers like to explore.
283  Economy / Economics / Re: Step up your game before the game steps you down. on: March 04, 2024, 09:32:57 PM
If only we know how bad the economy is degrading globally, we would want to push ourselves to our limit and focus on that our skill or business. Taking it up to the next level.
That's apt and an honest truth. The economy "isn't smiling" at all and it baffles me when people aren't getting skills or sharpening the ones they already have. They think getting certificates from tertiary institutions takes care of getting them lucrative jobs or better their state of living. Maybe in the past it did but not any more, especially the way things are going. Now, we see the need for skills to getting things done. I think anyone in this space should expand their horizon to include various online businesses and maybe include trading skills too. Don't just buy Bitcoin or alts and keep, we should also learn how to flip them for more gains. Knowing that is a skill that puts food on anyone's table for life.
284  Economy / Economics / Re: Hard times in the average Nigerian society on: March 04, 2024, 08:33:06 PM
OP, this type of matter is best discussed at the village square, nor be for UN summit or G8 or G20.
285  Economy / Economics / Re: Reckless financial decision ? on: March 04, 2024, 08:26:54 PM
Nope, not Snoopdog. The subject of OP's content is a Nigerian musician, except I missed it.


I first heard of that gist from ID Cabasa (smart and intelligent dude) on Nedu's podcast and I was like, "what the heck did I just hear?" Anyway, it's the musician's call to make. It's his shinning hour and he's got the world at his feet at the moment. Nonetheless, he shouldn't also forget that the same world he's got now is the same world that will mock him when he begins to dwindle in his fortunes. For me, I think what he did even goes beyond that refusal of his to putting out a persona of him that he's too picky and arrogant. Of course, he's. Judging by his interactions with other celebrities lately, one can't say otherwise.
286  Economy / Economics / Re: BTC ATH in local currency on: March 04, 2024, 04:34:21 PM
I know that the current Bitcoin ATH stands at slightly over $69k and until it crosses that I will continue to maintain it hasn't formed a new ATH. Those who are judging it based on fiat equivalent of their local currencies and espousing that it has done a new ATH got me confused initially until I checked coin site to find out Bitcoin hadn't got to its ATH yet. Expectedly, price will get there before next week.

We're all excited, and understandably so. We stayed in the trenches for this a long time and some of us became laughing stocks to our peers and relatives who would jeer at us and make remarks whenever price dipped. Now, some of them are coming back and asking for help on how to invest in it. I've seen this scenario play out in previous circles and I know for certain it will reoccur in this circle too. These people buying on FOMO will definitely be trapped because they're going to buy the top.
287  Other / Beginners & Help / Re: excited to join this forum on: March 04, 2024, 02:20:19 PM
Hello everyone!

I'm excited to join this forum and become a part of this community. My name is Alec, and I'm thrilled to connect with fellow enthusiasts in this space.
Welcome, Alec. You came in at a good time, seeing that the market is rallying up now. As expected, there's often an influx of entrants at a time like this because of the noise from the bull rally. The so much excitement in the market causes many to FOMO and that keeps pushing price upward. My advice to you is that you shouldn't allow yourself be carried away by the so much noise and excitement in the market now. It's not always this rosy. Be circumspect in your investments (if you've any to make in this space) and always remind yourself never to invest any money you can't afford to forget. Don't invest more than your capability, no matter how certain of profit anyone tells you it will give you. Nothing is that certain in this industry.
288  Alternate cryptocurrencies / Altcoin Discussion / Re: Potential Upside in Exchange Tokens on: March 04, 2024, 01:44:52 PM
The likes of Tidex and Bitrue tokens haven't got the level of attraction HT, KCS, BNB or OKB has got because those exchanges themselves don't have much patronage. BNB is where it's today because of the type of traction the Binance exchange has, coupled with the incentives it makes for subscribers who transact using its BNB native token. You've to give out something to get something. That's a cardinal principle of life.
289  Alternate cryptocurrencies / Altcoin Discussion / Re: Which do you prefer, CEXs or DEXs? on: March 04, 2024, 10:29:35 AM
I would like to know your opinion on CEXs and DEXs:
  • Which do you prefer, CEXs or DEXs, and why?
  • For CEX users: Does KYC concerns impact your choice of CEXs?
  • For DEX users: Do you believe DEXs have the potential to completely replace CEXs in the future?
My candid opinion:

1. I prefer Cexs to Dexs. The simple reason being that Cexs afford us a wide range of trading pairs which Dexs don't have; at least, for now.

2. What decides my pick of Cexs isn't whether there's KYC on them or not but the strength of their daily trading volume and trust score. I don't do any Cex that's below 7 on trust rating.

3. Dexs replacing Cexs is a tall order. For me, it's a near impossibility. We can only begin to think of Dexs measuring up to Cexs first when Dexs show that ability of allowing traders place pending orders on them. That pending buy or sell order is very crucial to traders. Sadly, Dex's lack that.
290  Economy / Economics / Re: Saving don't make wealth on: March 04, 2024, 09:25:25 AM
We were usually advised to save money before because to invest then you had to have a good amount of money, and to get this money, you had to save up for it. Saving may not make sense now because there is the opportunity of investing from any amount you have.
Yes, given the present situation in our country, it's not ideal to save up money. The best way to retain whatever one's trying to save is to invest it and face the risk of either it making profit or going into loss. If it's kept as savings, it has only one direction to go and that's loss because it's definitely going to be swept off by the forces of inflation that's ravaging the country now.

Like user franky1 said, – "savings is not about wealth creation..." I believe them on that.
291  Other / Beginners & Help / Re: I have to hold on tight on: March 02, 2024, 06:19:31 PM
Until now I still hold it with enthusiasm because I see the price of BTC which has gone up high, but yes it is not easy to hold my BTC until now and after seeing and learning a lot from members of this forum I am again enthusiastic about holding BTC for the long term and I want to hold my btc until the Bull run later.
Congratulations are in order for you. You've hedl till this moment, I don't see what will make you not hodl till the end of the rally or at least into middle of it. You got in at a very good level and must've seen more than 3x on your investment. I got in a bit latter than you did and I know I'm hodling till Bitcoin crosses $100k before ever thinking of taking partial profit. Anyone shorting Bitcoin now is setting themselves up for a great loss. Keep hodling.
292  Other / Beginners & Help / Re: Learn from other person's mistakes on: March 02, 2024, 03:41:58 PM
~snipped~
To be honest, I've no sympathy for the man in your story. He had that enough ETH but couldn't take out time to study various ways to safeguard his wallet. The joke is on him. I talked about burner wallets in one of my posts today and why it's necessary to create one. How do you link airdrop activities to your main wallet? That's really dumb. Even when the victim observed certain abnormalities while signing the transaction, he still went ahead to authorize it. He asked to be scammed. That's what it looks like. Anyway, I hope he learnt a big lesson from that to equip himself for further scam attempts to come. Everyone should take heed lest they also fall into the same trap. Activities of scammers do increase greatly during bull run and that's what we've begun to see now.
293  Other / Meta / Re: Why suddenly Cloudflare Human Verification is Coming Up? on: March 02, 2024, 02:57:33 PM
It's the same thing that normally happens when I click "All" (pages).
I get the cloudflare thing always too whenever I click (mistakenly, though) the "All" tab. If I open it page by page, it doesn't happen often.


To be sincere, I don't think cloudflare is affecting this forum only. For the past few days now I've been observing it happening on Coingecko site every time I try logging in. It irritates the heck out of me. Notably, that doesn't happen with the app version of the site. The CG app functions very well without the annoying cloudflare blocking it. Perhaps this should be a wake up call for this forum to get an app version of this forum, instead of what we've now.
294  Bitcoin / Bitcoin Discussion / Re: If everyone is holding their bitcoin, will there be a balance? on: March 02, 2024, 02:33:40 PM
I have read several posts encouraging people to hold their bitcoin for the greater good of bitcoin and probably more reward in the future.
The type of hodling being talked about in that context is a momentary one just to create demand and cause artificial scarcity. It's not the forever kind of hodling. The forever type is injurious to the growth of Bitcoin. What gives any goods its value is the interaction between buyers and sellers. It's the same thing with Bitcoin. If everyone hodls Bitcoin without selling at all, it will cause Bitcoin to become worthless just like it was in the beginning before the 10,000 BTC for two pizzas event was initiated. Hodlers don't help the activities of Bitcoin. It's the activities of buyers and sellers that evaluate for us through market forces and interactions.
295  Bitcoin / Bitcoin Discussion / Re: Why inflated countries should adopt Bitcoin as a Legal Tender on: March 02, 2024, 12:07:35 PM
Accepting bitcoin as a legal tender wouldn't change the economy state of a country.
I strongly believe that too. We've a few countries that have tried such as examples and we know how badly they've faired in that regard. I think it's better not to make Bitcoin a national currency but allow citizens to indulge in its trade without restrictions. That way, even those who aren't employed by the government or private sector will be independent on their own. They won't be dependent on anyone but can trade and earn income for themselves. This is what Bitcoin has been able to do for many of us. To make a volatile asset like Bitcoin a national currency won't be a right move.
296  Other / Beginners & Help / Re: Bitcoin Mistakes?? on: March 02, 2024, 10:31:10 AM
Avoid bounty, giveaway, free money, airdrop etc especially they ask to connect something or submit your identity.
I quite agreed with all you said in the whole of this post of yours, except the one that has got to do with airdrop. We know that this industry is hype infected. Airdrop is the rave of the moment and most projects are utilizing that route now to attract users to themselves. What I normally suggest is that anyone getting on airdrops or any crypto reward that they aren't paying for should create burner wallets for them. Don't use your main wallets for airdrops. It's a recipe for disaster. As for airdrops, they're turning to a cashcow ATM in this industry and I think those who are very careful and circumspect should take advantage of that. It happened in 2017/18 and it's repeating itself now. People are cashing out big from airdrops.
297  Economy / Trading Discussion / Re: Do you do better than the youtubers when value is going down? Or what..?=?? on: March 01, 2024, 11:17:52 PM
Most YouTubers who only talk about projects listings aren't traders. They're just shillers who are paid to advertise projects and get a fair share of the tokens of the projects they advertise. Like a false prophet to politicians or kings, they can only say what will please their pay masters. When these projects do otherwise and contrary to their prediction, the YouTubers tuck their tails between their legs. Real traders will look at buy and sell and not only buy.

That brings me to this, traders should be weary of buying any token whose charts only show bullish candles (green candles) without the red candles (bearishness). Such projects are, in most cases, scam. They only allow you buy but you can't sell. Avoid them.
298  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this the Season of Airdrops? on: March 01, 2024, 07:52:15 PM
You know, looking at all these I never knew that there will be a time for Airdrops paying people real big. Is true that Impossible things happen here, but Airdrops? Never thought of that
OP, while I don't want to nitpick your post, you should know that airdrops aren't a recent thing. At least, I had a feel of it in 2017 when I newly joined this forum and didn't even know what the heck was happening. So many members testified of how they made a kill from airdrops and bounties that era. Sadly, we didn't hear of airdrops in the last bull rally of 2021. Alts didn't rally to the best of my knowledge also that era. Now that airdrops are a thing again, it points to something. I want to believe it's a harbinger to the goodies in stock for alts this circle. Load up Bitcoin, also load up altcoins but make sure they're alts with fundamentals and strong narratives. Don't just buy any alts because their prices are low.
299  Other / Beginners & Help / Re: Don't trust your old wallet of when u had no Crypto knowledge on: March 01, 2024, 06:19:01 PM
Using a receipt address from centralized exchange when you didn't login into the exchange, that's called ignorance because any exchange can update the customers' receipt address without notify.
You're right. People should not always rely on a previous exchange address they last used a long time ago without checking with the exchange before depositing into that exchange. Sometimes, exchange updates can also include wallet change. For me, a month is the limit. I must crosscheck before transferring once it exceeds a month.

Quote
Asking someone else to create a wallet for you, that's called stupid.
Newbies do that mistake and I don't blame them that much because they always appear lost. Those I blame are the ones who take advantage of them. I've opened several accounts for those I mentor but I made sure not to peep at their passphrases while they copied them. I distanced myself and allow them do that alone. Thereafter, I ask them if they saw what I did while they were writing their passphrases down and make them get the consciousness of not allowing anyone else see their passphrases. It should be that simple.
300  Other / Beginners & Help / Re: What was your first cryptocurrency? Come share your story! on: March 01, 2024, 04:28:38 PM
To cut a long story short, my first crypto was Bitcoin and it was earned here. That was in 2017. It was $1 for a little task a user here asked interested members to do for them. I won't be surprised to find that $1 worth over $30 now.


My first contact with bitcoin was just for means to make payment to scammers. The person that introduced me to bitcoin helped me download Blockchain and bought my first bitcoin for about $1510 which gave me close to 0.2 BTC then. I used it to make payment and later I realised it was a scam.
That's some huge cash now. Looking at the current value of Bitcoin, that's over $12k. I know remembering all that hurts but then it's a lesson learned. That's the way I see it. I've been there too. Each time I remember mine, I laugh at my naivety.

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Later on the person that introduced me to the scam asked me to buy some shitcoins then that I will become a millionaire during the bull run.
That's a circle. In every circle, there are people who will make that mistake. I did in 2017. It was a crazy moment (bull rallies are, of course). The market tends to lose its senses during a bull rally. Every crypto seems to become alluring. One would think every investment would be a hit. There were tokens I bought that did well but I didn't take profit and they later dumped and dumped heavily. That's what happens in the crypto space. I hope many newbies here won't make that mistake of becoming overtly ambitious and greedy. Those who will, will eventually end up being the prey for the cashout.
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