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3681  Economy / Economics / Re: Is Bitcoin losing its purpose? on: August 22, 2021, 03:45:04 AM

but admit the fact that Bitcoin is not created in purpose of Asset or Holding


Very true, bitcoin was not intended to become a speculative asset for holding, in my opinion, Nakamoto's original purpose for the creation of bitcoin is to give the user control and freedom over their money and eliminate the third party interference from traditional banks. This singular purpose has not been defeated completely, but has metaphorsed and evolved such that bitcoin has found multiple purpose for its users, one of them is it becoming an asset.

It is deemed an asset now because it's volatility/liquidity is still very high, The original intention for it as an alternative currency will come into play when its liquidity has reduced, and almost all the mineable bitcoin has been mined. The value will by then become stable and the original intention the creators have for it will materialize.
3682  Economy / Gambling discussion / Re: ⚽ English Premier League Season: 2021/2022 on: August 21, 2021, 01:37:17 PM
 Liverpool is up 1 to nil but Burnley is playing well and surprisingly an attacking threat in the first half.  I feel like Burney could get one in if it continues in the second half.  Maybe via set piece?  


In the second half of the game, i feel Liverpool were the better side but they missed a lot of chances, they could have gotten more goals... I hope they sharpen up on this before their next fixture against Chelsea.

3683  Bitcoin / Bitcoin Discussion / Re: Why did you miss Bitcoin? on: August 21, 2021, 08:35:42 AM

Why didn't most people expect Bitcoin to be as brilliant as it is today?


Within the time when we started to hear about cryptocurrency and bitcoin in my locale, many had lost all their capital to a perfectly planned ponzi scheme that lasted for well over six months and completely won over the believe of many people until the whole system crashed and people lost their money to the scheme during the festive season. It was a really terrible time for everyone who had invested their money into this online venture, so no one was particularly interested in paying or giving attention and ears to any word about digital or online money. This is perhaps the reason in my locale why many people did not expect bitcoin to be as brilliant as it is today.

A friend told me about bitcoin and it's prospects then, but i was too pained and skeptical being that i just lost my money to one online ponzi to even want to believe another no matter how genuine that it sounded. In my head, it was just another elaborate ponzi scheme. This is why i didn't purchase bitcoin at first, bot like the information wasn't there, but because of my previous experience, i was too reluctant to act.

3684  Economy / Trading Discussion / Re: Things to know before trading. on: August 21, 2021, 02:06:49 AM

3. You must give yourself time: ...Because trading is a long-term endeavor, you must devote sufficient time to learning.


Super emphasis should be placed on this. The time factor is very important and beginner traders should understand that trading is not as easy as they they thought and that if they check properly the background of the traders that they are drawing inspiration or motivation from to trade, they would find out that the vast majority of them have dedicated ample time to trading and developed strategies modified and best suited to them.

Patience is very important, because in the duration of time you will be tried, there will be both sad and happy days while you trade,  but the patience to understand that there is a very important factor called "time" in learning is what will count.

Give yourself time.
3685  Economy / Trading Discussion / Re: Mobile phone vs. laptop vs. tab...what's your preferred device for day trading? on: August 21, 2021, 01:43:00 AM
I'm not a full time day trader, but if i were to be, i'd definitely prefer a big monitor screen for my analysis when i am sited comfortably at my home or in the office and then a tab or Mobile phone when i'm on the go. In other words, my preference changes depends on my current location and activity.

Because real time monitoring is needed in day trading, i consider all devices important to be successful at it.
3686  Bitcoin / Bitcoin Discussion / Re: With all your assets, Investing in Bitcoin is really a madness or beneficial ? on: August 21, 2021, 01:20:35 AM
A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.

This is a case of one putting all their eggs in one basket, though may seem beneficial, but is relatively dangerous and unadvisable because you may loose everything at a go. What some smart investors will tell you is to diversify, that is spread your money into different good investments which is better.
3687  Alternate cryptocurrencies / Altcoin Discussion / Re: Keep casino tokens or sell for new investment? on: August 20, 2021, 03:03:59 PM

Casino tokens were created primarily for the gambling platform that you play in. Without any movement or anything at all, it is better to dispose them and convert them to cash to purchase another investment- but then again, it depends on your priority at the moment.

If the casino tokens in question are the limited edition casino tokens that are priceless and that you value priceless items and a collector, it is okay to keep, but if otherwise, and a bright investment options surfaces, selling the casino tokens is okay.
3688  Economy / Gambling discussion / Describe your first gambling experience? on: August 20, 2021, 02:07:52 PM
Free money! Was what i shouted the first time i gambled on a virtual soccer match and i won, i was so excited and intrigue at the way my small money had increased by 6 times in just a moment, i said to myself quietly, it seems like gambling is good for me, little did i know that i was already getting hooked on to the game.

After winning twice on my first attempt, i acted smartly and told the customer attendant that i no longer wanted to play, i demanded for my earnings, once i was paid i hurried off away happily.

I had played a couple of times afterwards and lost but it never did dawn on me until i used the money meant for my tuition to gamble, lost to games my friends promised were "sure odds", and was almost faced with the option of redoing a whole semester for the reason of no tuition. This is worst gambling experience.

Please share your own best and worst gambling experience?
3689  Economy / Trading Discussion / Re: Taking vs investment on: August 20, 2021, 11:40:56 AM


Crypto trading:
Trading involves the buying of one commodity in exchange for another it could be something of either a higher value or lesser value. For example if you buy ETH in exchange for USD it's called Fx/crypto trading. If Bitcoin is exchanged for ETH then we can say Crypto trading has taken place and this requires lots of analysis.

Investors :
This are crypto experts who understands which coin or token will do well in the near future by studying previous chats or following up with news related to crypto generally. This also requires some level of technicality. This experts study coins newly listed in various exchanges, follow up on news released by their fellow experts as well as tweets by crypto influencers.


It is also worthy to note that you can find a lot of investors who are not traders, but very few traders who are not investors.

Most traders have a portfolio that they have allocated for investments, it is just that because they are not completely patient on waiting alone for their investments to yield profit or not too satisfied with the profit margin, hence they seek to make more profits for themselves and their portfolio, so they branch into trading.
3690  Economy / Gambling discussion / Re: [Boxing] Canelo Alvarez vs Dmitry Bivol on: August 20, 2021, 05:00:21 AM
Even then it is difficult to see Canelo losing this fight even at that weight, Canelo right now is at his prime, he has his best physical condition, his body can take the most damage and he now has enough experience to create an intelligent plan for the fight, honestly I do not see him losing this fight regardless of the weight, I know that Bivol is good but it is not anywhere close the level Canelo is in right now.

I would have really loved to see a fight between Canelo and Caleb being that Caleb has a championship belt that Canelo wants to make history as the as the first undisputed super middleweight champion in the IBF, but since negotiations have fallen out, i guess this fight with Bivol will suffice even though just reputation and not their championship belts will be at stake.

Just as you said, Canelo is a favourite for the fight against Bivol, his morale is really high from his last three fights agains Callum Smith, Avni Yildirim, and Billy Joe Saunders. I hope Bivol can match his momentum.



3691  Economy / Economics / Re: If you can get paid through cryptocurrency, do you still choose fiat currency? on: August 19, 2021, 11:03:57 AM
Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose?

If i work in a company, and they offer to pay me in the form of cryptocurrency, i'll love the idea but will also accept to receive a fraction or percentage in traditional fiat currency especially if the company salary is my sole source of income. My reason being that i like to consider any money that enters into my cryptocurrency account as an investment and a last resort and will not want to develop the habit of always selling my coins to get fiat that will result if i permit the whole payment in cryptocurrency.
3692  Economy / Economics / Re: Warning against CBDC from bank of Ghana on: August 19, 2021, 04:14:26 AM

In my opinion having a digital coin created and controlled by the central bank is no good than using fiat currency...

The people in government know what to do sometimes, but they just avoid doing it sometimes by hiding behind the act of them trying to do something. It is all a charade.

They know cryptocurrency takes the power out of their hands, so they don't like the idea, so they try to bring their own digital currency...but because information is free, we all know that it is not acceptable so far as it remains centralized and them in control.



3693  Economy / Gambling discussion / Re: Man lost £20,000 in one night after becoming addicted to online gambling! on: August 19, 2021, 03:42:28 AM
... I think people know the risks yet they still try.

People know the risk and still try because it is called gambling and they are well aware that it is a game of chance which they have misinterpreted to call luck, and they always tend to believe that are lucky and whenever they are feeling lucky, they always want to play and try out their luck as well.

Also, just like other vices legal and illegal, people are well aware of the negative effects even before they try or start it. As a matter of fact, they have accepted it, so they don't care.

Others just like to hide behind the saying "No risk, No reward".


3694  Economy / Economics / Re: Would you be able to take an additional work if required? on: August 19, 2021, 02:55:45 AM

What is the situation in your country and for yourself? Would you be able to land additional work for example working with crypto, selling stuff on-line, youtubing or something else?

In my country, it is not advisable to completely depend on earnings from one job because there are price control body here or the one we have is no longer functioning, so you can see the prices of commodities in the market or the price of services changing very quickly and abnormally.

So if you don't seek out ways to diversify and increase your income, you might soon find out that your income is not enough to support your ever increasing expenditure, and the government here is not helping issues.

You can take additional work, or start a side hustle, whichever one it is, you just have to ensure that it doesn't take up completely your free time and disrupt your peace.
3695  Bitcoin / Bitcoin Discussion / Re: Bitcoin solving the problem of intermediary on: August 19, 2021, 02:33:29 AM
Bitcoin and cryptocurrency has really been beneficial in eliminating some of the problems we face when making transactions through an intermediary (the bank).

I once had to go buy some materials i use for work from a supplier, i moved money from one of my bank account with money to another that  had nothing, i did so because at that point in time, that was the only bank account i had with a functional ATM Card. Having done this, i set out to my suppliers place which was like an hour away from my residence. On getting there, i noticed that the transaction i did some hours ago had not been posted probably my the staffs of the bank maybe because of their workload or something... I waited for over 4 , hours at my suppliers office hoping to receive the money i sent to myself, but didn't. It was Getting late, and i had to return home...at the mid of the night that day, i received the money, but i was already angry because i had wasted my time and money i used in transporting myself there.

Since i switched to payment in cryptocurrency, transaction with my supplier has been hitch free because he is crypto conscious. So whenever i make a crypto deposit to his wallet address, it reflects within minutes and the problem of waiting for a lazy or overworked bank staff to post money from one account to another has been eliminated.
3696  Economy / Economics / Cryptocurrency and entertainment. on: August 18, 2021, 03:40:03 PM
In the entertainment industry, entertainers need the news to trend and remain in vogue. Be it a good news or a bad news, it puts their names up on blog post, newspaper headlines and most importantly in the mouth of people. We can deduce from this that Entertainers need the news to stay valid and in vogue and without trying to constantly be in the news be it for a good or bad reason, they can fade away and people quickly forget.

(Replace "entertainment" with "cryptocurrency")

In the cryptocurrency industry, cryptocurrencies need the news to trend and remain in vogue. Be it a good news or a bad news, it puts their names up on blog post, newspaper headlines and most importantly in the mouth of people. We can deduce from this that cryptocurrency need the news to stay valid and in vogue and without trying to constantly be in the news be it for a good or bad reason, they can fade away and people quickly forget.

Been thinking - What do you think is the biggest news cryptocurrency needs that will increase its popularity?





3697  Economy / Gambling discussion / Re: What lie did you tell? on: August 18, 2021, 05:27:36 AM
On that faithful day I got attracted by the crowd and I felt it was too easy to play after watching the board man shuffle series of games I was able to spot the match box without staking and at that point it appeared too simple. I had to stake $4 for a start and I won $8 I was so amazed at how easy this game was and I had to stake the entire Fiats currency in my pockets which was about $45 and ended up losing everything. I became confused all I could figure out is the lies I will tell my parents on how armmed rubbers met on my way and took away the fiat meant to buy foodstuffs.

The people you met were all criminals trying to make a dubious Living by preying on the innocence of bystanders and taking advantage of your greed. There is a popular saying -"the more you look, the less you see'' and that is exactly what you fell a victim for.

I have been a victim of this type of cheap gambling scam before just to discover on observation that most of the people standing around such places all know themselves and act like they do not. ( They are all members of the same dubious criminal gang) putting up an act, hoping to entice innocent individuals to come play with their fiat.

Don't beat yourself so much, that was your first experience to the street and street gambling and such experiences are meant to make you smarter and street conscious, so truthfully you met robbers, just that were not armed.
3698  Economy / Trading Discussion / How many consecutive looses can you handle in trading? on: August 16, 2021, 08:31:41 PM
It is popular opinion sometimes that a trading strategy might no longer be effective if one begins to loose money while trading instead of gaining.

An important question i ask myself whenever i hear about people complaining or simply discussing a series of consecutive looses they have made while trading using a certain strategy is;

HOW MANY CONSECUTIVE LOOSES IN TRADING CAN YOU HANDLE BEFORE YOU ACCEPT THAT YOUR CURRENT TRADING STRATEGY IS BECOMING LESS EFFECTIVE?

3699  Economy / Trading Discussion / Re: Daytrading vs Holding on: August 16, 2021, 08:08:30 PM
Okay so people keep saying holding is more important...

I'd say they are both important, it just depends on how you look at it.

If it's possible for you that is if you can do the both (day trade some percent of your holding) and you are confident enough in your skills that you can get good results from day trading, it is the best thing to do.

But if you are not confident and still an early trader, please BUY & HODL.
3700  Economy / Economics / Re: FOLLOW THIS RULES TO BECOME RICH on: August 16, 2021, 03:46:37 AM
I have seen several books and rules on how to get rich propagated by individuals who are not so rich themselves but sometimes are dependent on the money they will get from the sales of such books. I do not believe in such rules and do not waste my time in reading such. There is no assurance that even after going through such rules that one will become rich.

I believe the number one and most basic rule of becoming rich is to work hard, pray & focus on what you do while finding a way to do it better,
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