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4401  Economy / Speculation / Re: David Gokhshtein: Bitcoin Price Will Reach $80K on: July 16, 2021, 12:01:49 PM
I see another Elon musk coming up to push the bitcoin news South to North. I understand he has quite a number of followers but don't know how deep his pocket is to drive the price to his speculation just like Elon musk buying and dumping as whale to realize his predictions  Roll Eyes Roll Eyes
4402  Economy / Economics / Re: EFCC launches app for online reporting of economic crimes called "Eagle Eye" on: July 15, 2021, 08:46:15 PM
The issue with the Nigerian government is that they know the right thing to do but they cover it up with unserioness at the end of the day. This app that was launched by Bawa is a very good progressive approach to Nigerian corruption problem but I hope it will serve it's purpose of sanitizing the place and not to be politicized and abondoned.
4403  Economy / Economics / Re: EFCC launches app for online reporting of economic crimes called "Eagle Eye" on: July 15, 2021, 02:21:13 PM
While those who report something are important, it's also important that those who handle those reports do their job - otherwise the drawers will quickly fill up with piles of paper that will end up in a basement.

This is the point to it because it is another thing to ensure that reports done are followed up. If I were close to corridor of power, I would have suggested new employment of staff for the commission  Grin because alot of work will be on there table. Regarding the identity of the reporters, I read it has a little kind of security but I hope it really works as remaining anonymous will give the required confidence to the public and office workers.
4404  Economy / Economics / EFCC launches app for online reporting of economic crimes called "Eagle Eye" on: July 15, 2021, 07:03:59 AM
Nigeria may be getting the fight to curtail the spate of curruption in the system as Economic And Financial Crimes Commission (EFCC) launches a mobile app yesterday Wednesday (13/7/21) to help in the reportage of financial crimes.



Quote
According to a statement, Apart from complementing the existing channels for reporting economic crimes, the unique advantage of this application, the EFCC Chairman further explained, is that it eliminates direct person-to-person interface in the reporting process and guarantees anonymity which is an added incentive to effective whistleblowing.

Quote
Bawa was also quoted as saying, With the app, those who hitherto were afraid to report corruption cases to the Commission either for fear of being identified by the culprits or having their identities revealed, can now do so with the assurance of full anonymity.

EFCC LAUNCHES APP


When you put a young mind in an office, he is likely to be proactive and innovative to meet up with the current realities of the world. IMO opinion I think is a laudable innovation because Nigerians don't feel secured to report corruptions going on in their different offices to avoid being victimised in the offices but the opportunity has now been presented with the app that can also be utilised by anybody with proper information on corruption and not fake information.

Mr. Abdulrasheed Bawa who is 40 years has been trying to redirect the focus of EFCC with the app called Eagle Eye and can be downloaded from Apple or Google Play Store.

However, hope he won't go in the way of his predecessor, Ibrahim Magu
4405  Economy / Economics / Re: Singapore, the banking industry, and Bitcoin on: July 14, 2021, 03:46:23 PM

Singapore’s banking industry is what made the country develop into one of the richest countries in the world. It can further develop by embracing the Bitcoin industry.


I went to search the net on this but the banking system was not giving as the reason alone but I understand what you mean here.

Three factors were important for the growth of Singapore development,

1. Being friendly to foreign investors
2. Location
3. Sincerity in governance and policy.

There is however relationship in the last listed point to growth of economy because policies made are going to be followed up sincerely. As for the bitcoin in Singapore, the government may sincerely develop policies that will help to boost the adoption. But I think they will also go the way of developing there own cryptocurrency.
4406  Bitcoin / Bitcoin Discussion / Re: Why do many mainstream economists always oppose Bitcoin? on: July 12, 2021, 05:31:36 PM
With the increasing influence of Bitcoin in the world, more and more people are supporting and approving Bitcoin. Few mainstream media can directly say that Bitcoin is a scam. However, there are still many opinions saying that Bitcoin is a bubble, and this bubble will eventually burst. Many mainstream economists hold this view. They always oppose Bitcoin for different reasons.


You have mentioned the real reason that they oppose bitcoin and that is because they feel it is not felt physically, seen to interact with economic indicators etc but I think the solution to this illusion is to involve Blockchain and cryptocurrency in the academic curriculum for students to start formal study in schools. This will help to diffuse the notion of bubble . The bubble story has been on since the beginning which is a huge critism from the economist.
4407  Economy / Economics / Re: What is better - cryptocurrency trading or investing? on: July 12, 2021, 04:11:29 PM
there is a higher possibility of profit than daily trading that sometimes loses.

Trading is highly a risky game or activities. Yes the possibility of making the profit from trade is highly because it is daily but sometimes what is fearful is that losses are inevitable and when that happens you get discouraged to continue.
4408  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you make sure a projects funds are safe? on: July 12, 2021, 02:24:39 PM
Hey everyone,

How do you verify that a projects funds will not be stolen by the devs? Many projects hold ICO's or some other sort of sale to raise money for development and many have turned out to be scams where the dev steals the money.

Any ideas on how a project can build trust with the community on this topic?


Your request is difficult because you can't read the minds of people to know what is there but you can try to limit your risk by not giving your money to new project. If a project is already existing or is having partnership with some big conglomerate, then it is possible they might have some limitations of not running away with your money.
4409  Economy / Economics / Re: Cryptocurrency is the biggest investment opportunity in the future on: July 12, 2021, 12:55:59 PM
It is time for the world to get to know cryptocurrencies, especially in the investment world, people should know that crypto is like a golden opportunity to complete economic life.

Well, the sad reality is that not everyone is willing to learn about Cryptocurrency as there are still a lot of people who thinks Bitcoin possessed a very huge risk.
Some are doubters. Infact there are some people who's already into crypto but still doubt the long term status of Bitcoin. Even though they have witnessed how Bitcoin rapidly gain value every year since.



That is not sad to say or to allude unfortunate to it. For those who are still "Thomas" as to doubting the cryptocurrency, they are on their own and it depends on the believers to keep grabbing what they can hodl on. We know it is here to stay.

The people who still doubt or don't know about cryptocurrency or Blockchain now, didn't know about it in 2017 but it got that high and today it got that milestone ATH again without the contributions or trades of the doubters. Lol you see it is not a sad reality but that cryptocurrency is the new financial future.
4410  Other / Politics & Society / Re: Could this be true about covid-19 killer vaccine on: July 12, 2021, 11:07:43 AM
The issue of recent death maybe from the new variant of covid-19 because I read there are new wave variant that is more deadly as the virus mutates itself in human body. This new variant will also take some time to tackled while the vaccination is still going on. For those dying maybe those that are under severe complications but generally I have heard people complaining and criticizing the side effects of the vaccine.
4411  Economy / Economics / Re: Poor and middle class as a mentality on: July 12, 2021, 09:29:37 AM
Some people are born rich or moderately rich, some are born middle class and some are born poor or extremely poor. All these conditions come along with a set of survival guides that the parents, relatives and even teachers will pass along as a map of life.
It's obvious that while some persons are born in linage of poverty is due to the initial foundations of their parents and the same thing is applicable to some people who are born in the wealthy family also, so what we are suppose to be looking at now is the factors that attribute or causes poverty and how to eradicate them for the offsprings.


I think the first solution to poverty is education. Education the young poor person gives a more brighter opportunity for future success rather than leaving them uneducated. Education prepares someone for the future even when opportunity is not presented at the current moment, a truly educated and knowledgeable person can find a way to survive. There is a relationship between education and knowledge because education sharpens knowledge and it gives the ability to apply the knowledge very well. Like Martin Luther said about living ready, this is important and can be guaranteed with education.
4412  Economy / Economics / Re: FBI aims to keep valuables, $86M cash confiscated in safe deposit store raid on: July 11, 2021, 06:21:20 PM
We can't do much about it, they're the FBI and if what they decide to do is to keep the stuff for evidence or as a part of the illegal activity then that's their call, and we can't do a thing about that.

No not right to seize people's belongings without prove to confisticate. If the FBI suspect an illegal dealing, they have the right to investigate and at same time respect the ruling of court. Like in op quote, the judge ruled that those confisticated items are not for grabs.

Quote
even though a judge specifically said the contents of the boxes weren’t up for grabs.


Quote
The box holders and their lawyers say the FBI is trampling on the rights of people who were unaware the business, U.S. Private Vaults, was charged in a sealed indictment with conspiring to sell drugs and launder money.

The warrant that US Magistrate Steve Kim signed on March 17 giving permission for the FBI to raid the business even said, “This warrant does not authorize a criminal search or seizure of the contents of the safety deposit boxes.”

If the FBI wanted to search the boxes, it needed to meet the standard for a warrant of probable cause that evidence of a crime would be found. But agents rifled through about 800 boxes anyway, filming their searches and bagging the property as evidence even when the holders were unknown and not suspected of crimes.

Reading the above, you see is unlawful for FBI to trample on people's right. It is subject to the courts approval rather than going against the laws.
4413  Economy / Economics / Re: Crypto vs Fiat on: July 11, 2021, 05:17:26 PM
Hyperinflation is most likely coming and when it does, everyone will be like dah of course. But right now, only a few of us prepare, it reminds me of the 2013-2014 time in BTC, the writing was on the wall but it seems the price increase will never come.

I think hyperinflation is already here in the world because almost every nation is worried about cost of goes. Covid-19 is a major cause of this hyperinflation because it got most countries to print more money to take care of lockdown as they need to distribute some food stuffs to the citizens . In US there was stimulus parkages and that saw them printing and floating money into the economy. Likewise other countries went borrowing and that brought in unbudgeted money to the system. Inflation is usually caused when too much money is in circulation and of course too much money was in circulation during the covid-19 and now.
4414  Alternate cryptocurrencies / Altcoin Discussion / Re: China says no to miners mean something else on: July 11, 2021, 02:35:36 PM
China since 2017 have not been supportive of cryptocurrency. They have made one rule or another to discourage anything concerning cryptocurrency in their country, example is the banning of cryptocurrency ico then. The mining issue has come again in China. I think early this year, miners also had issues there. I think most government are really fighting cryptocurrency because of selfish reason of trying to protect there own currency and also they do that because they feel threatened by the emergence of new millionaires but I believe they should face the business of governance and trade not to bother the people.
4415  Economy / Speculation / Re: BTC broke through 33,500 USDT on: July 11, 2021, 02:09:32 PM
Huobi market shows that BTC broke through 33500 USDT and is now quoted at 33500.39 USDT, up 2.73% in 24H.
BTC + 2.47%
BTC is doing everything to break the resistance and it’s good that we are finally back at $33k, and I think the highest was $34k which is a good sign. Looking at the chart of BTC right now, we might see this trend to continue in the coming days, and we might be able to hit $35k again, the volume is getting bigger as well.

That is because the market is still ranging and finding it way up and down looking for a spot to break both resistance and support. Bitcoin price hitting $33k often times last week was to test the strength of it. I think same kind of ranging will continue till the end of this year until a major news breaks in.
4416  Economy / Economics / Re: Die today, Die tommorrow, the same dying! still get vaccinated! on: July 11, 2021, 01:25:51 PM
Quote
1. Believe in a superpowers (God), this world is created to it that even science could not comprehend how the universe is being made. Meaning there is God but we do not know how he works but we should believe in the creator. In thay way facing death knowing that there is a creator and he will surely going to take care of you after death.

This is quite true but we also need to do what we need to do to prolong our lives at least keeping ourselves happy helps our health to get better especially good functioning of the heart. We need to know that heaven will help does who help themselves. God also made herbs where every continent draws from for treatment of whatever illness and it was said in Daniel 12:4 ".... and knowledge shall be increased".

God has all and that is where even science and technology rely on. God owns everything humanity is enjoying today.
4417  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Versus Ethereum Cryptocurrency Market Share on: July 11, 2021, 11:28:29 AM
BTC: 45.1%
ETH: 17.9%


There is no cause to worry about these figures. Bitcoin drop in price has not really reflected that much on slip from dominance unlike how much percentage in drop in price. At the time of ATH around $63,+++ , it dominance on the market was less than 56% still  but now price is @ $33,+++ and dominance from your figure is 45.1% which IMO is still good for bitcoin.

Etheruem increase in dominance however is not taken from bitcoin but from altcoins as the market is bleeding. Coins like cartesi, curio, dogecoin and more have reduced pricing and volatility which also affects their little percentage dominance.

So bitcoin dominance will eventually increase at the time bull  resumes because etheruem will get a hard time to overtake bitcoin dominance at least not this year or next.
4418  Alternate cryptocurrencies / Altcoin Discussion / Re: How crypto currency change your Life? on: July 10, 2021, 05:41:52 PM
The experience has been overwhelming how you can convert your Fiat into crypto and Crypto back to Fiat , it makes living in this world more easier. Cryptocurrency has further enlarged the digital payment system with multi national institutions coming in like PayPal. The digital currency and cash less system in the world made cryptocurrency well seated and successful to the extent that friends and family outside Nigeria and Africa can easily send money (especially where there is restrictions or difficulty on the Fiat/bank, high charges) to loved ones through cryptocurrency especially bitcoin. It has been a wonderful experience to the world at large and personally, it has made financial transactions very fast, easy and enjoying.
4419  Economy / Trading Discussion / Re: Volatility Indicator on: July 10, 2021, 11:34:17 AM

So, I am looking for any indicator or tool for analyzing the chart.


Any advice that can I use for what I need?

Analysing the chart is the big challenge that learner's and novice like us also face that makes hodling preference lol. Anyway, I'm yet to understand the chart reading or timing and hours for it as some users have suggested. Sometimes watching the price movement, it seem less volatile during the early hours in the morning 12am to 6am but on other times it looks volatile and this is confusing. This is challenging to make one think there could be a pump going on without my knowledge, scary lol.
4420  Other / Beginners & Help / Re: Centralized and kyc platforms can pose risks in the future on: July 09, 2021, 07:54:46 PM
also do not fill in right information while buying hardware wallets.

Also to this effect for those promoting bounties, you need to be careful about how you provide kyc information about yourself. It is not compulsory to promote bounty that will require kyc (Know Your Customer). Many times the information and photograph you provide can be used for illicit dealings that you don't know about and in the future, you may have issues with your government when document is required to be presented but because your data information has already been used for scam or bad involvement, you may be denied certain things or benefit.
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