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3621  Economy / Gambling discussion / Re: Your Mantra After, while playing And Before You Gamble on: June 06, 2022, 06:24:47 PM
It's okay if you say so but don't expect too much to win because it will depend on your luck. But if later you can get a win, you should immediately stop and leave the casino so that greed doesn't come over and you can enjoy the winning money. In addition, by leaving the casino as soon as possible, you will be relieved of the pressure to continue playing and save yourself another loss.


This is just an advise that will get no where to an addict gambler. It only takes a new player to run away from playing after winning because usually people use to playing gambling have the spirit of trying to win more money after initial winning so this may not be possible for an addict that goes with the believe that a winning day is his luck to continue winning.
3622  Economy / Economics / Re: Uncertanity and fear in economics and clarity how to stay calm on: June 06, 2022, 12:10:36 PM
Your post is scattered but talking on attack on USA, I think that is not coming now especially after the September 11 attack. USA was hit badly at the world trade causing serious fear and disorganization of world business. If Russia is planning that, they could fail because the satellite image could likely find that out.
However you have to understand that the market and stock or derivatives including cryptocurrency are not dropping because of US but because of the situation in the world
3623  Economy / Economics / Re: Decentralized control of Cryptocurrencies on: June 06, 2022, 08:54:25 AM
What do you think? Is it necessary or possible to control a decentralized cryptocurrency or not.

Its not about control being necessary. The government has fiat and the people has Bitcoin. I think the government doesn't need to really control the decentralized currencies. We can go on forever while there is Fiat system and there is also cryptocurrencies. The government can actually have their own stablecoin, whether itsCBDC or like any crypto stablecoin which I think people will not mind.


I think the government will thrive more in the finance aspect when they allow the decentralised finance to function on it own and not to try caging people onto their CBDC by all effort. The world is now developed and people are looking of freedom as in enshrined in different constitution including in the financial aspect. Having digital currency is what many countries are doing to discourage the users of bitcoin.
3624  Other / Beginners & Help / Re: 8 Mistake People Make When Investing In Crypto on: June 05, 2022, 08:58:41 PM
Quote
8.  Investing in Just One Type of Crypto

I agree with this point too. This goes against the rule of diversification because diversification is to put money in different aspect of business so that incase one is failing and the other or next might succeed and you gain or recover from the loss of the losing one. If you invest in just one type of coin with alot of money, it is not a good investment. It is better to put money in different coins like throwing your net in the river you never know the fish it will catch for you.
3625  Economy / Gambling discussion / Re: How to Effectively Maximize Profits from Online Crypto Casinos on: June 05, 2022, 06:00:21 PM
Do you have any surefire strategies that works for you which is not in the list above?
No strategy was confirmed while we were at gambling, maybe just managing finances so as not to overdo it when bets.  I think gambling is just for luck, even though we master the games we play, it's not necessarily every time we bet we win. We play with the host, therefore until now, we have not found any strategy in gambling other than financial management.

My strategy to gambling is to quit when I'm losing because I understand that there are no perfect strategy to winning in gambling. The owners of casinos and gambling sites are in for making profit and they won't expose themselves to losing either. So it is a game of luck and when luck run against you the best to do is wait for another day and by that way you are saving your money for a winning day.
3626  Economy / Economics / Re: CBN to stop circulation of Naira note on: June 04, 2022, 05:20:30 PM
African banks can be so tiring and a big problem, should they think of how to reduce the poverty rate killing her citizens, rather than imposing more hectic stuff's, basic requirements are not provided the least Africa barely have access to a good phone not to talk about a good internet access and electrical power. I bid to the people of Nigeria not too fall for that cheap move, money laundering done are not been tackled yet they claim to impose shit.
They are just hear nor there and taking the people for the ride. Now the important things are neglected because they want to conduct election and re-elect themselves back in while the schools are shut down because of payment of fees and whatnot. This is a painful situation in Nigeria that has the resources to make the people happy. They are particular about bringing the youth to a standstill. Jobs are not there after you have graduated from high institution, the youth can't contribute to national development yet the slogan is the youths are the leaders of tomorrow.
Every nation has a lot of trouble with their politicians, that is the nature of politics. I mean if you are interested in politics and want to be a politician, then there is a good chance that you will end up with a problem, no regular person would want to be a politician and succeed if they are normal, only the ones who are corrupt will get high.


Well said that being a politician you will end up with some problem or you begin to do things in corrupt mind but the system of some more democratized nations are more sane in nature, there laws are allowed to catch and punish corrupt officials because they build their system on institution and rule of law but most African countries are not following that part. They are mostly operating family kind of government where friends and family members are pardoned for abusing the law.
3627  Other / Politics & Society / Re: Did Biden receive another middle finger from Saudis? (Taiwan was abandoned) on: June 04, 2022, 02:09:42 PM
Instead of trying to lobby only Saudi Arabia, I think Biden can rather talk with the OPEC countries and have a meeting with them to understand the situation and need for production increase and lowering of price. He doesn't even need to discuss lowering of price with OPEC because when the market is flooded with products naturally price will drop. I understand that Saudi Arabia has a big influence in the OPEC community but arranging a meeting would give other countries in the group recognition. At least writing through the secretary general would have given his visit more hype except he had other agendas hiden.
3628  Local / Nigeria (Naija) / Re: Nigeria (Naija) on: June 03, 2022, 10:17:59 PM
From my own point of view be say, the rich for Nigeria no want make the poor climb the ladder, una no hear the news wey them tell banks say if person money pass a certain amount of millions in niara(mind you the figure wasn’t big) make the bank report, but 100m was used to buy president tickets that the type of country we are, and they have seen they can’t keep track of crypto-currency and this sector is helping Nigerians especially the youth and the government not wanting any of this are trying hard to close that avenue up.

Many people don talk am say naija nah scam. Things wey dey work for another side no dey work for naija. As you talk them regulate how much people go put for account and yet 100m dem use buy form. Efcc self no dey try but sorry dem be the same thing. Nigeria need to get someone wey no too get corrupt record to try do something for the country, otherwise see us see fall na ground be that.
3629  Other / Politics & Society / Re: Acceptance gays ,lesbianism and transgender in the society on: June 03, 2022, 08:22:31 PM
African are very strict and do not condule what they see as nonsense,they maintain and adhere strictly to their way of life and belief  .


Well I think, you can be correct that Africa is strict about it. It looks absurd to hear. Africa is more traditional reflecting in her leaders. I remember few years back in Africa, some countries were persuaded to adopt the liberal system but most countries refused and that caused depriving of aids and other support and relieve services from some organisations and countries in the developed community. Although not making it public or legal in Africa doesn't mean that some practice of such is not going on.
3630  Economy / Economics / Re: Food crisis coming? What's wrong about it? It could be good on: June 01, 2022, 03:57:17 PM
We live in a finite world, and the population just cannot grow without limit.

To this effect there can be control over it from government. But by creation it has been given to man to occupy and enjoy the fruits in it. The challenge is that despite population, bad leadership is the problem for Africa. Lack of proper planning is causing some of the food shortages. Some buildings are erected on land there are designated for agricultural purposes and by this it amounts to imbalance in planting processes. There is suppose to be rotational planting where some land are left for a certain time to regain nutrients but they are continually planted on because there are no adequate space. This will lead to low production of crops.
3631  Economy / Economics / Re: Russia's economy is 'imploding' on export decline, economists claim on: June 01, 2022, 12:09:45 PM

If Russia had chosen to develop its industry instead of relying on raw materials, it would not be in the mess it's in.

This war has actually exposed Russian economy as raw material based and this has not helped them this time. They are relying on China for buying of oil and gas and to get finished product from them. This is not healthy for an economy. The amount of dependency that Russia will witness after this war will further collapse the economy because when you can't produce 60% percentage of what you use to an extent then you will have to rely on other countries then inflation will set as there won't be foreign reserves.
3632  Economy / Economics / Re: What is the golden rule of investment? on: June 01, 2022, 10:52:39 AM
Those two guys who invested in Luna were all from my friend's advice. He said it was he who indirectly harmed them, money can be earned, but his friend are gone.


Losing his friends because of the advise he gave them is not the end of the world. His friends will come back. He gave an honest advise like someone who wants to see his friends grow financially. I don't blame him and he shouldn't blame himself.

Nothing bad to give an honest advise but to add disclaimer is appropriate and that will get the investor to be cautious of what they are doing. To advise people and friends to invest is wise but to inform them of the risk involved is wiser.
3633  Economy / Gambling discussion / Re: The digital ID for Gambling on: June 01, 2022, 08:05:39 AM
If the player's concern is all about their identity because of the Mandatory KYC this gives a problem to them instead they will find another platform that would like to make sure they are anonymous itself. Well if this becomes mandatory in the country the gambling company must comply with the Data privacy act and other rules regarding the users' information to make sure it is safe. If this happens, they make sure that the wallets or the banks supported too these kinds of transactions to prevent freezing their accounts.

This law is only about going against the decentralised unanimous purpose of blockchain. The government is seeking to control the people both owners of casinos and players and the major purpose is for the financial gain and for tax collection. Although on another level there will be regulated casino system because the government will also ensure that casinos are clear of scamming gamblers of their money.
3634  Economy / Economics / Re: Is it worth buying a crypto with a value of 0.23? on: May 31, 2022, 07:47:32 PM
Op is a newbie and probably don't know what he is doing. Therefore my wide guess is that he is confused and has dropped this here not able to put things together, he may as well don't know how to trace the token he wanted to talk about.
But buying a coin because of price really is not only what to be considered before investment.
3635  Economy / Reputation / Re: Any Rules for Bounty Manager? on: May 31, 2022, 04:07:45 PM

I know vividly that scam campaign's also come to way of managers and if they are not smart enough to detect the ability of the contract, they will end up giving their self debts. So it's unbalanced from my perception, if theirs is changes or you observe the level of competency from your participants your it make openly and remove them and is proper, but a process whereby you notice their default and you kept silent and allow campaign to run to an end before you deleting their file's, it's not legit theory.

This is trite to say. Allowing a parcipant to work to the end before pointing out an issue to deny the partipant benefit is not properto do. It should be the managers responsibility to find out earlier and stop the person from continuing and not to allow it go to the end before doing that because that means the person will promote the project without having something back in return.
3636  Other / Politics & Society / Re: Will Russia Emerge As The Next Dominant Superpower on: May 30, 2022, 09:59:13 PM
There is this news coming out lately on the cancer illness on the president of the country and the prediction of less than 2 years till the death of the team member, Is a very difficult news to prepare for or keep. Russia does not provide platform to produce news. THe present war cant help

This looks like a funny tale. Put which president are you talking about? Of course before two years things between Ukraine and Russia would have been settled. But this is a rumour you can provide link that it will be read. However Russia will not emerge as the superpower, perhaps US has seen this possiblity and working against the Russian hegemony on Soviet Union.
3637  Economy / Economics / Re: World has just ten weeks' worth of wheat left after Ukraine war on: May 30, 2022, 02:43:55 PM
Also I think that a lot of people are dramatizing this wheat situation. People will find a way to replace it with something else.
Exactly. I don't get why people blow things out of proportions unnecessarily sometimes despite being aware of all the facts.

Wheat can easily be replaced by rice etc  temporarily which is why it's not really a big deal. If people could survive something like COVID, they can definitely survive wheat shortage for a certain amount of time.

With the news that the price of wheat will go right to the sky after Russia invaded Ukraine I thought by this time that all the finished product from wheat would have disappeared but they are still very much around just a little more in price. So human have survived hardship from the beginning, the adaptive mechanism is there so you are right. Rice plays a substitute role to wheat likewise some others. The world provides us with substitute and that is why human is gifted with high knowledge to subdue and conquer.
3638  Economy / Economics / Re: CBN to stop circulation of Naira note on: May 30, 2022, 12:58:22 PM
African banks can be so tiring and a big problem, should they think of how to reduce the poverty rate killing her citizens, rather than imposing more hectic stuff's, basic requirements are not provided the least Africa barely have access to a good phone not to talk about a good internet access and electrical power. I bid to the people of Nigeria not too fall for that cheap move, money laundering done are not been tackled yet they claim to impose shit.

They are just hear nor there and taking the people for the ride. Now the important things are neglected because they want to conduct election and re-elect themselves back in while the schools are shut down because of payment of fees and whatnot. This is a painful situation in Nigeria that has the resources to make the people happy. They are particular about bringing the youth to a standstill. Jobs are not there after you have graduated from high institution, the youth can't contribute to national development yet the slogan is the youths are the leaders of tomorrow.
3639  Economy / Economics / Re: Quick air out of the markets and inflation down fast on: May 30, 2022, 11:52:28 AM

Up cpming crisis will fix the inflation problem

Don't expect this to happen. You do not have to expect that things will get ameliorated when things like war happens. Wars are antithetical to progress and economy will fall. If you check at the countries that have gone into war especially those with little or no technological development before the war, they have ended up being impoverished the more after the war. War breeds inflation no matter how you try to avoid it so nothing is fixed with crisis because stocks get fallen leading to depreciation of currency.
3640  Bitcoin / Legal / Re: Buying Property With Crypto (Bitcoin) on: May 29, 2022, 09:33:14 PM
Yes, it is possible in Dubai if I am not wrong because I had seen lot of ads regarding properties which also accept crypto payments and generally Dubai is the best place for investing on the real estate because it is the city that keep growing too fast in very short time. However you need to check the legal process for registering even you are allowed to buy with bitcoin'.

I think that countries that will have businesses and financial transactions in bitcoin are countries that already have the status of bitcoin as legal there because if it is not that , the government will go against such violations. In this case what is the legal status of bitcoin in Dubai ? From this we can understand that it is a business not done without knowledge of the government. For now on what I read, the legal status of bitcoin in Dubai is unclear because I think such information will be tied to government control.
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