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341  Economy / Trading Discussion / Re: Don't do this mistakes in trading on: March 21, 2024, 12:15:15 PM
Actually this is not only the reason people lose money, their are more things in trading that makes traders lose money such as;

*high leverage : people mostly lose money due to high leverage, because the higher the leverage, the closer the liquidation price.

*Not having the basic knowledge of support and resistance: most people just venture into the market without even knowing the least support and resistance and how to approach the market if the candle sticks is heading to one.

*Not knowing when to stay off the market: most traders think it's every market they trade, no, not every market you trade, wait only for the right set-up, if it doesn't come, it better you stay off, than to risk your money when you are not sure.

* going after miss opportunity: if you want to be successful in trading, it's very important you don't chase any past opportunity, so that the market don't use you to clear liquidity, or the market collapsing on you.
342  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 21, 2024, 09:04:42 AM
With this price drops, many investors have entered the market to buy more Bitcoin. However, some investors are still buying for small amounts because this correction can continue. Be careful when buying Bitcoin. Don't forget to analyze market conditions before deciding.
Bitcoin is a solid project, and I think there is no need to analyze the market before we can accumulate bitcoin because it might delay us from accumulating our bitcoin on time. That is why it is good to adopt the DCA strategy to accumulate bitcoin. With the DCA strategy, you will not have to analyze the market; you can accumulate bitcoin anytime your fund for DCA is readily available, and you can even accumulate bitcoin when the price is increasing or decreasing.

Actually I also don't think it's necessary to be analyzing the market as a long term investor, so to me the deep in price of Bitcoin is an opportunity for an aggressive buying,  regardless of the accumulating strategy you are utilizing, wether DCA method or lump sum, as long as your buying aggressively doesn't affect you in financing your basic needs, because I believe that Bitcoin investment is more rewarding to a long term holder, so it's pointless analysing the market, which to me is meant for traders, not investor like us that think long term only.
343  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: March 21, 2024, 08:46:12 AM
Liverpool and Klopp will be same like Manchester City and Pep Guardiola. They will both try to win Premier League and Europa League (Liverpool) and Champions League (Manchester City). At this time, they will not try to decide what competition is most important for them as both titles are big ones and they still have due chances to win both titles.

Manchester City look to have better player resource and don't have problems with player injuries at this time and it's big advantage for them in their race directly against Liverpool in Premier League. The wave of player injuries can affect Liverpool performances in coming matches and can affect their endings this season.
For Liverpool, I think there is still a difference, because winning the Premier League will mean much more to them than winning the EL. But for Guardiola, these two tournaments are really very important, because they are the current champions in both and they need to defend this title, if they manage to do this, it will be a very big achievement for City and Guardiola.

It looks like Liverpool don’t have any big problems beating teams in the EL, their level is clearly the Champions League, it just so happened that this season they are forced to play in the EL, and although they definitely have the desire to win, if necessary, I’m sure that Klopp will retain his preference for the Premier League . We also shouldn’t forget about Arsenal, who also want to become champions and at the moment they are in the lead, so we are in for a very exciting end to the season.

It's very true about Liverpool, they are actually the team to beat in the uefa Europa league, because they have  proven that their level is the uefa champions league, and I think they have all in their ranks, regardless of injuries to lift the uefa Europa league title.

And as for the premier league, I think as it stands, any of this three teams have a clear chance of winning it, but as a neutral fan I would be giving it to Liverpool because, they have a better fixture compared to their both counterpart arsenal and Manchester city, and another thing is this upcoming fixture between arsenal vs Manchester city, I think the best results Liverpool can get from that particular fixtures is if they can share the point, and with that they will definitely top the league if they can get their desired result against Brighton.
344  Local / Nigeria (Naija) / Re: Let's be more careful with local exchanges. on: March 21, 2024, 08:25:33 AM
Since Binance removed peer-to-peer (p2p) trading, many Nigerians have switched to other exchanges that still support it. Binance has been the go-to exchange for us Nigerians for a long time. However, when exploring new p2p exchanges, some have different trading patterns and fewer traders, increasing the risk of scams.

Some people might consider using local trading, but local traders may be even riskier than those on other exchanges because there's no escrow system like with p2p. Recently, a friend of mine was scammed while trying to use a local exchange. He wanted to swap some USDT to Naira and sent money to the provided address. Even though his wallet showed the transaction as confirmed, the exchange kept claiming they hadn't received the funds. Later, they admitted to giving him the wrong address and stopped responding to him.
This situation shows that during times like these, more thieves and criminals may try to take advantage by posing as local exchanges. Even if you consider using a local exchange, make sure it's one you're familiar with. Many of these exchanges are run by individuals who are only interested in stealing, even from their own people.

Local exchanges lack the security measures and oversight of established exchanges.they may not have enough liquidity or financial stability, increasing the risk of losing funds. Dealing with local exchanges also makes resolving disputes or recovering lost funds challenging due to their lack of transparency and accountability.it's generally safer to use reputable, regulated exchanges with a proven track record of security and reliability to avoid exposing oneself to significant risks.

You are actually right on this bro, though am not a fan of our local exchange because I feel that their are so many loophole that might cause security breach that are not been addressed properly, so as a typical Nigerian that I am, I do more thinking before I act, especially on security, so I suggest op you tell us the name of the exchange just as @pi network have said, so that others can take precautionary measures before dealings with them.

Lastly, we should take our security very serious, am saying this in the sense that, we should not deal with exchange that doesn't use the escrow system, because that is the only measures that can be used to retrieve your money if you ever encounter a scammer.
345  Economy / Gambling discussion / Re: Simple mistake that makes you lose everything on: March 21, 2024, 06:41:27 AM
Actually I think it is very common in gambling that as a gambler, you will always have something you usually do that always makes you to lose your bet and your money, but as for me, their is something I usually do back then which I always lose anytime I do it, and that is, after prediction football matches at home, I have finished booking my games, I will take it to the our local betting shop to play the game, someone from nowhere will just come and start telling me the possible outcome of another match, and me I will stupidly add that match to my already booked game, and I will play it like that, when the final results came out, I will discovered that I would have won if I had not added that extra game from the guy I saw at the betting shop, because it's always that extra game I added that will stop me from winning and spoil the game
346  Economy / Gambling discussion / Re: Can you stake it all put of over confidence in your club on: March 21, 2024, 06:29:09 AM
Have anyone ever had confidence in any match that he was willing to be huge amounts to back up the confidence in a match that features his club. A friend of mine recently shocked me with how much passion and confidence he had in his club, man u vs liverpool  that happened on Sunday I guess was a very hard match cause Liverpool was already stomping 0:2 to man United but my friend was telling that man United won't lose the match, so I told him that if he has much confidence that he should stake life, shocking to me he went on and staked 5k on man United win to qualify which was about 7 odds at that time, and yeah it turned out right for him. Can any one do this or was it a foolish move?

Yes, I believe that their are many gamblers out there that can do that, as long as they have confidence in the team they are supporting to win the game, but the major problem attached to taking such risk is that, mostly, when you stake such huge amount of money like that, it's always a money you can't afford to lose, so if it goes wrong, like the results doesn't goes your way, it's affect you as a person psychologically, so it's very important you stake with an amount you can afford to lose, so that psychologically, even though it doesn't goes your way it wouldn't affect you.
347  Economy / Trading Discussion / Re: Isn't trading almost like gambling? on: March 21, 2024, 06:18:06 AM
No, I don't really think so, trading has nothing to do with gambling, they are totally different from each other, because gambling is a game of luck, while trading is based on knowledge,  and the your ability in the craft.

Those traders that are trading as if they are gambling are mostly the cause of people comparing gambling and trading together, in trading you don't chase losses like they do in gambling, because if you do, you will surely do yourself more harm than good, but their are traders who are making it big because they have masters the craft, and they know when to trade and when not to trade, those set of traders are the profitable traders, while in gambling their is no mastery, it's a game that is base on how lucky you are on that day, nothing more.
348  Economy / Economics / Re: Our decision making is responsible for the outcomes in our ways on: March 21, 2024, 04:28:30 AM
While others have learnt their lessions of not utilizing their incomes when they had a stable source for their income flows, some others are paying adamants and ignorant to learn from what has happened to others because they feels they are not of the same calling to be affected with what happened to others.

In life some persons just do what pleases them and doesn't tolerate with any piece of advice from anyone at the times they feels to had acquired the heavens on earth. And yet they are not Concious that as the more they grows their incomes for multiplications is also how it could depreciate to a zero value if not utilize productively for continues growth.

A friend of mine goes wild at me whenever I talk to him about his reckless spendings, he ask me what would be  accounted of his money if not enjoyments?
This is a kind of guy that feels relaxed when he has an attractive amount of money in his bank account and then feels he is only supposed to go after making more money only when he is running out from the one already accumulated and spent.

How on earth would someone give chasing after income holidays even when you do not have more than enough and not up to the age of retirement yet?

And after squandering all that he has saved he goes about requesting to borrow money.
I have talked to this guy on several occasions but he feels I am a pest disturbing his dear life.
As at this moment, the country is encountering very high rate of inflation which stuffs doesn't go fair as before  leading him sold his car and being struggling to pay his bills while living in the city and at now, he does not have a place of residence of his own so he jumps from one place to the other passing his night's.

He is now the pest perching on any available places conditionally while inconveniencing others.
He now lives a low key with the best he can afford.
"Had I know" is now a national anthem to him.
I don't find his ignorance to be an excuse and I am thinking of disassociating from him before he gets me  affected with his negative possesed energies.

I actually think this story of yours is not a new thing in our society today, it happens countless times among people in the state, and you need to understand that we all have eyes, and we look at life and things, but we all see differently, not everyone here or out of this place have common sense, because I believe that, it's what money cannot buy.

To me I believe that to whom brain is given, sense is expected, but it's a very sad reality that not everyone has sense,  in this life that we found ourselves, our decision making either improve our lives or reduce the quality of life we are living now,  because any decisions we take now, we will surely live with it, regardless of if it favourable or not.
349  Economy / Economics / Re: Saving don't make wealth on: March 21, 2024, 04:11:31 AM
  No matter how many bitcoin you hold you can still misuse the money, so we should understand the concept of Richness and Wealth.
The amount of Bitcoin you save won't change but the value of those Bitcoin does. By holding Bitcoin especially in next few years, the value would increase like in past several years thus people always have been saying that holding Bitcoin is beneficial because you can get profit from there (hence holding and invest on Bitcoin is interchangeable).
Unlike fiat the value of that fiat is decreased because of inflation, so your post doesn't make any sense here.

You are actually right on this bro, holding Bitcoin is way more beneficial than holding fiat in the name of savings, because if you decide to save fiat maybe in the bank for like 5 years, after that 5 years, you will observe that the figure will still be the same, but it doesn't have the same value as when you started saving it, because inflation is an enemy to any money being saved up.

That's why to me the best way to preserve your money, it's best you hold it in anything that appreciate in value overtime, and Bitcoin is one of those asset that appreciate in value overtime, so it's the best way to hold your money, and it also create wealth for you in the future if you have stark enough holding in your possession.
350  Local / Nigeria (Naija) / Re: Fuel stations altering pump to face sanction — FG on: March 20, 2024, 03:52:11 PM
The government of Nigeria thru the midstream and downstream petroleum regulatory authority don tok say them go penalize pipol wey get fuel station wey them adjust the fuel pumps.


Source:https://punchng.com/fuel-stations-altering-pump-to-face-sanction-fg/
As e be, no be news say all the fuel stations pump for the country including NNPCL own say the owners them adjust all finish, 1litre of fuel no be 1lotre again. Even as government con increase fuel pump price wey the sell now from around #650-#700 per litre  depending the station you attend still them no tink am to readjust back to normal 1litre.

The area I wan now make we rub mind na the area if the government and wetin them tok. Cos we know say this our government many times them the talk but no the do anytin and especially wen na action wey go affect big big men them. Cos plenty of dese fuel stations na governor's, senators, economic tycoons and oda politicians na them get am.

So me I dey doubt say this matter go get head, e go just be like case of a barking dog wey no get teeth to bite.  Or abi na me just dey underrate the government on wetin dem go fit do?

How una tink am too nah!

E dy really sad and regrettable say as the country hard like this, most of this crude marketer dy use this fuel scarcity then, to dy use milk we wey be citizens the more, just imagine the nonsense and wickedness, if federal government no cry out now most of us no even know say something like that dy even possible, this particular issue just show say na we dy mostly wicked ourselves, just look at how dollar don come down but the price of things in the Market still remain the same, and some even dy more costly self upon say dollar don come down, na very welcome development from the federal government.
351  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 20, 2024, 12:53:13 PM
This is really a good buy opportunity if you ask me. Many people have always failed to understand that market fluctuation is a normal thing in bitcoin investment. A lot of people just want bitcoin to be green all time, which is not possible. It's funny how some people reacts when there is a little correction in the market. At 61k which is the current market price many are panicking. People forget so fast, few months ago bitcoin corrected from from 48k and went between 38k and shoot from there to 73k. It's is same thing here and we might still see more. Let's not panic the market will get up again. What it's important is this, don't panic sell your holding because of fear. Let's learn from past experience.

You are right...! Most investors want to see the price of Bitcoin green forever which is not worth. They are old investors or traders who refuse to see red prices. Some traders may lose their capital during market correction but it is very short term so don't panic.After Bitcoin's peak, many investors look for red digits in an attempt to find price dips. As a result of this correction of Bitcoin price, many new investors entered. As a result the markets remain the bull power. And if this power increases gradually, finally we can see bull run and in the future we will see more runs.


Actually I don't think you guys should be worried by the market being bearish, because as a Bitcoin investor that we are, we are only thinking long term, not getting worried or concern about any changes in the price of Bitcoin.

People that would be paying more attention to the price of Bitcoin and it fluctuations are the people trading the market, not we that are investors that should be looking at it on the longer run, what we as investors should be paying more attention to is how to accumulate as much Bitcoin as possible, because we are planning for the future, not now.
352  Economy / Gambling discussion / Re: The person who can’t control emotions in gambling will never earn money from it on: March 20, 2024, 08:12:23 AM
Emotion:

The cause of the emotion in the gambling site because of the loss due to bad luck.The gambling loss mostly occurred due to the emotional inference to the game.If the gamblers loss the funds in the gambling site,they become emotionally weaker person.This cause for the random betting in the gambling site.The more you control your emotions will cause you to win more in the gambling site.

The gambling is the game with two possibilities,which is the winnings and losing.The winning happens if you use your strategies to make the money,the gamblers who failed to make use of the strategies are the loser at the end of the gambling.The winner of the gambling always make money from it,So he get positive emotions towards the game.The gamblers with more positive emotions are able to win more in the long run in the gambling site.

Nearly eighty percentage of the gamblers are doing gambling for the money making,So it was essential for the gamblers to make use of their strategies to win money from the gambling site.How your emotions affects your games,let me know your past experience.

To me, gambling is a game of luck regardless of your emotional state as at that particular time, because even though you are emotional, you can still have some winnings if your prediction is right,  but if you are not in the right emotional state, any time you lose, it will drive you into frustration, and the more frustrating you become, the more you gamblers without control, the only thing that can stop you in that moment is when all your money have been liquidated, and if it's a money you can't afford to lose, your emotional state will be even worse, so it's advisable not to take gambling as a source of living, so that you won't get emotional attach to it.
353  Other / Politics & Society / Re: POLITICS AND LIES on: March 20, 2024, 07:57:22 AM
It is looking like telling lies is the prerequisite of becoming a politician. As a matter of fact, there is a way you will tell lies that people will start suspecting you to be a politician.  How we get to this point in human history is what no one can explain. 
I don't know about your country but in my country, politicians buy over media empires to sell lies and propaganda to the public... I know this is not peculiar to my country. This may be the reason there is a growing distrust between the leaders and the followers.

But is politics supposed to really be about lies? Why is the polity dominating by propaganda?

Actually it's also very common in my country, politicians are all an ambassador of liars, because it evolves in their everyday activities,  I know that almost all of the politicians in my country are lying just to cover up for their incompetence, and most times they do that by lying how their predecessors does so many things that it's very clear that it's not true, but we as nationals in the state, we knows better and how cunning they are when it comes to lying.

The most sad aspect of it is how they have buy the minds of most people in the state, including the judiciary and media as the op has
already said,  they will see black and call it white because they have been bought over, which is very sad and regrettable.
354  Other / Beginners & Help / Re: Prepare Your Children For Bitcoin Investment and Not for Government Jobs. on: March 20, 2024, 07:05:24 AM
It has been a practice for decades that parents were sending and training their children or wards to secure a befitting jobs either in the government or the private sectors. I was told that in those days, government agencies and private sectors agencies were coming to pick the best graduating students from their various field of studies in their universities. And given them cars, a houses and other allowances to start of their lives and work with them.
And that boosted the attendance of people to school because every parents wants their children to secure a good job after school.
And they didn't secure a job, they can join politics to participate in political movement and others but not everyone has the opportunity to join politics to the top. Most of them end at the subject or gladiators and from there most of them became political apathy.
And things are not like those days again, we have millions of graduates with 1st class degrees but no jobs because the government didn't prepare for the future of it citizens so when the population explosion came, there is no job spot again to the population again. And if they employ it is just few spots. And all the rest move around looking for jobs. Then another thing that making jobs to be lacked is corruption, and lastly capitalism.
Therefore the best option I suggest is to prepare your children in cryptocurrency investment so that they will not depend on government or private sectors jobs but will create jobs for the society through cryptocurrency investment. Like many have done it from their bitcoin investment. They have opened Boutique, Barbing Salon, Restaurant fast food shops, Food Items Shop, Land and Fish Farms etc. And for that instead of seeking for jobs, they provide jobs for others and they become employers of labour.
Therefore prepare them for bitcoin investment and not to be job seekers. I have said this before.

DiMarxist.


It's a nice thing to do by instilling that aspect of investment into the minds of your offsprings, but it's not a necessity that you will have to dictate for them, you know that children of nowadays are very smart and intelligent, so I believe that as they are, they have one thing in their lives that they have passion for, so it's best you show them the benefits of being an investor and also give them the free will to choose the career they want for their selfs, because if it's a career they have passion for, they will definitely be very good at it, because That's The area they have love and passion for.


On the Bitcoin investment, just as I have already said, it is best you show them and teaches them the benefits attached to it if as a long term investor in Bitcoin, but give them the free will to choose.
355  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: March 20, 2024, 05:09:17 AM
The team that has qualified for the quarter-finals is the best team, whatever they have been through, what is certain is that the team that got here is the best of the opponents they have eliminated.
A slight difference is normal but not excessive so that any team will not be too favored or there will be no team that is easy to predict to qualify for the semifinals.

All the matches in the quarter-finals will be interesting and fierce and indeed the match between Manchester City vs Madrid is a little different in terms of prestige or tension because these two teams were previously favorites to win the UCL this season but have met before and that happened yesterday. This season makes the battle in the quarter-finals this season even more interesting.

Yeah I agree with you that is a fact but sometimes there are teams that are always lucky so they can reach the highest level, for example a team that is in an easy group with weak opponents well, sometimes we see moments like this in several tournaments. Arsenal is one of the teams that is in the easy group and is also playing against weaker teams but when they reach the quarter finals then we assume all opponents are equal. Next month Arsenal will have to fight against Bayern Munich there was no other choice they had to go all out.
And sometimes one thing we have to remember in the quarter-finals is that there are always more surprises and the outcome of the match will be more difficult to predict. Because yes, I also agree that those who can get to this stage are those who are the best team, both in terms of performance, mentality or in terms of luck. But of all the matches, the Man City vs Real Madrid match is actually the most interesting and gets the most attention. And actually this match is also the most difficult match to predict. Last season Man City beat Real Madrid with a large aggregate. But in the current season we don't know whether Man City will be able to do the same thing or not. Or Real Madrid will take revenge and make Man City lose surprisingly. Well, everything is still difficult to predict even though I actually already have the teams that I will favourite.

I still think that Manchester city will still be the bookmarks favourite to come out victorious here due to the debt and experience in their squad, but with the performance of Manchester city so far in the premier league and even the champions league, they haven't been that impressive as they were last season,  or I will put it this way that they are not as good as they were last season, so I think that real madrid might get their revenge and knock them out of this year champions league if they on their very best when the time comes.

And as for the arsenal vs Bayern Munich game, it's really going to be a fascinating encounter between them, but I believe that Bayern Munich is going to win this one here, because in this competition, experience is key, which I know that this arsenal team lack, so I believe that Bayern Munich will definitely make their experience in this game count, and that will be enough for Bayern to progress to the next stage of the competition.
356  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: March 20, 2024, 04:48:13 AM
Quote from: TopT3ns
Quote from: Ahli38
I also think the same as you that even though Liverpool lost in the FA Cup, that doesn't mean Liverpool will also lose to Manchester United in the Premier League. In fact, I am quite sure that Manchester United will not be able to beat Liverpool in the Premier League. It's just quite unfortunate. Because while many people are starting to expect Klopp to get lots of trophies this season with Liverpool, Liverpool are actually starting to miss opportunities one by one to win trophies. Now only the Premier League and European League remain. And I hope Klopp doesn't fail to bring his troops to lift the trophy on the two remaining occasions.
Exactly. There are still several tournaments that Liverpool can still win. At least in the world of international football, there will still be many titles, and Liverpool will have the opportunity to seek victory in several available leagues. Lack of mastery of strategy when on the field is an important factor in Liverpool's difficulty in winning against several of the opponents they face.

Liverpool have played many competition very well, that made them to be in a good position in the premier league and champions league competition that is making people to believe that Liverpool will not miss all the titles in this season, because they are capable and reliable to win one title to make their coach happy. We have seen how this premier league competition started to make many teams to improve higher while some didn't improve despite the huge amount of money their management spend to bring in all those players but Liverpool are among the teams that is doing well in this season. I don't think, Liverpool will win this premier league title because Manchester city and Arsenal will not allow such favour to come to them than to use all their tactics and strength to win the title.

To me, Liverpool is in the best place to win the premier league title this year regardless of how arsenal and Manchester city have performed throughout the whole season,  why I say so is that, just take a look at the remaining fixture among this three teams, you will observe that Liverpool have a more favourable fixture compared to their both counterpart, and lastly, the match between arsenal vs Manchester city after the international break will definitely be one of the deciding factors of where the league title goes, so I believe that Liverpool will be hoping for a draw, so that both teams will lose points, but I believe that this season, they have all it takes to be champions of the premier league.
357  Economy / Trading Discussion / Re: Success is a meaningless word without failure. on: March 20, 2024, 04:36:25 AM
The forum has been very interesting since the bull run started because there are so many positive confessions by so many of us here about how the price of bitcoin has gladdened their hearts positively.

However, I decided to put up this topic because while exploring the forum i saw so many complaints about trading , many have lamented that they have lost a lot of money trying to trade, some also said that they are good in demo accounts but while trying to trade with their real accounts they end up losing money and some also said that they bought so many courses online and that they learnt how to trade yet they are afraid of losing their small capital , so the question here now is 'who is ready for failure while everyone wants to be successful'?

success is actually meaningless word without failure, because most of us loose some of their trades and at same time feel very disappointed because they only focused their mindset on making profits alone without anticipating any chances of loss or failure. losing a particular trade or several trades does not really make you a failure instead it gives you the opportunity to embrace every important lesson that you failed to achieve in your missteps or in your wrong turns.

Lastly, please my fellow beginners let's not be discouraged by the number of losses or failures we experience while trading because failure begets success, also we should focus more on hodling coins even when we trade because we cannot predict the price fluctuations of coins in the future.   


     


Do you know that you must not necessarily fail for you to learn?  Sometimes we learn from people's experience, because that's what wise people do,  concerning the difference between a demo trading and live trading account is that, your emotions is attached to your decision making in a live account, while a demo account, no emotions attached to it, and you don't know how to control your emotions, that's why it's affecting your performance when trading in a live account.

Another thing I would suggest to you as a newbie is that, try go gain knowledge on what is required of you, for you to be successful, so to me, knowledge is paramount, and that is what you have to go after before venturing into trading,  or better still, stick to spot trading, buy and hold, when the price of the coin you bought appreciate, you sell at a profit, than to risk you capital on futures trading.
358  Local / Politics and society (Naija) / Re: Can someone with a monthly salary of 200k keep a small family in this economy? on: March 20, 2024, 04:09:21 AM
Why not, in as much as the Nigerian economy is not friendly and price of goods and services are going up almost everyday, that wouldn't change the fact that 200kis a very good amount of money that can keep a family going, besides, if you look around you, their are families that earn way less than that , and they still live well without disturbing anyone, so I believe that 200k will be enough to run a small family now, regardless of the current economic situation in the country now, so what I believe that is the key is all this is proper money management strategy,  anyone that can manage his money properly, can run a family even with 100k.
359  Local / Nigeria (Naija) / Re: Which of the Decentralized Exchange is Good for Nigerians to Use? on: March 20, 2024, 03:57:09 AM
For weti dey happened in the country we need to prepare ourselves for the untold story that Nigeria government is planning against the centralized cryptocurrency exchanges. And make nobody keep any coin in my exchange except dex. So nai make I bring dis topic so dat we know di decentralized exchanges wey we go fit use it if in case anything happens to di centralized exchanges wey be sah we no go fit use am? There was a time Charles -Tim was mentioning some of them but we have not really used dem like dat and me now I don forget them so please if you know any of dem make you drop am so dat when di time come we go fit use and bypass dis nonsense Nigeria government dey do.

Nigeria and Binance matter still dey ground and Nigeria government dey plan to do crack down with others so make we too prepare ourselves for dat move so once dem start am we go use another means to buy and sell our coins without stress.

You really try to raise this issue here, because most of us even me self, never use any decentralize exchange before, and wetin you talk dy very true, because las las, when the craze of our government don start again then go come back for this other centralized exchange wey we dy use manage our life.

Another thing wey most of us dy do wey dy real bad, even though wey know say e dy bad, most people still dy do am, because them no want to dy pay transaction fee anytime them wan withdraw money, them go dy leave their asset in a centralized exchange because e dy more accessible, them no know how that actions of theirs really they dangerous, but why I dy talk thing is that na for newbies mostly, no be for veterans wey know the risk and still dy do am because of him or her dy feel cheated to dy pay transaction fee anytime him wan withdraw money, .
360  Economy / Trading Discussion / Re: Stop paying money to learn trading when you can learn it yourself on: March 19, 2024, 02:11:56 PM
I know knowledge is not free anymore. We humans have monetized knowledge that if someone without the knowledge wants to learn he has to pay handsomely for it. Many persons are eager to learn how to trade and bad luck has fallen into the hands of liars and tricksters who take money promising to teach these people online. We don't need to pay anybody to learn how to trade, we can do that for free. After all the only thing they would teach online about trading is the theory aspect and then the section is over. There are various resources on the internet especially YouTube that you can start learning from there until you are familiar with trading.

Also, anyone who tells you that you can become a profitable trader in just two months is a liar. Trading takes time to be acquainted with. It takes 3-4 years before a trader can be seen as a consistent and professional trader.

Let me work you through this step I am using to be a professional trader

1. Learning on YouTube and other PDF resources online
2. Attending conferences and watching trading podcast
3. Find a mentor, whether offline or online. You may not be close to this person but always study his trade
4. Practice always and maintain consistency


Are you f**king serious, you don't have to be thought before you masters the craft?  This is the exact reason why most traders always lose their hard earned money, because they just watch one two or three videos on YouTube and believed that they are good to go, not until they have been liquidated more than once, that's when they will start saying that trading is a scam.

If an not mistaken, you said that most of this guy's don't know anything about trading, that they just want to eat your money, by showing you only the theories, but I can tell you that you have not met the right person that knows the craft, if you have been ever thought by someone that knows the craft, you will know that you were just deceiving yourself since thinking you can learn it on your own, truly thinking you can learn it on your own  is the major reason people lose money in trading.
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