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461  Bitcoin / Bitcoin Discussion / Re: What are the benefits of cryptocurrency to the illiterate people on: February 10, 2024, 03:01:51 PM
What are the benefits of cryptocurrency to the illiterate people?
It depends on the kind of illiteracy you're talking about, illiteracy can be in different field either in Education which involve not being able to read and write,  financial illiteracy and various kinds of illiteracy. However if you're talking about illiteracy of the person not knowing about cryptocurrency, that person is just like every other person that doesn't have an idea of cryptocurrency and can learn about it haven been taught about it. Everybody that knows about cryptocurrency today at one point in time never knew a thing or two about it, they later learn about it and improved on it.
So the benefit of cryptocurrency to an illiterate person is for that person to learn about cryptocurrency and get the knowledge of it and start investing based on the knowledge he has gotten.
462  Other / Beginners & Help / Re: Have you met this kind of investors? on: February 10, 2024, 02:42:03 PM
Common quote from Robin Jones Gunn, you may or may not have heard about it, but is "You go alone, you go fast, you go with people, you go far". Have you met anyone who knows about bitcoins, and then you tried to introduce them to this forum to come join this community, but they refused? I like to see what maybe their reasons where.
I am just over relating that quote to bitcoins; do you have the opinion that lone investors who are not members of any kind of forum or community about bitcoins or cryptocurrency can still be very successful investors?
Of course there is a lot of lone Bitcoin investors that I have seen, that are not on these platform, that are still doing well with their investment. Ordinary there are some kind of investment that you will do with a group of people and you will succeed, and there are also businesses you can also do alone and you will succeed, the only thing you need to do is to ask the right question, cryptocurrencies is one of those business investment you can do alone,  just have the background knowledge.
However for somebody like me, these platform has really given me the broad knowledge about cryptocurrency trading and Bitcoin investment.

Talking about the quote from Robin Jones Gunn, for me I think the best way to invest in a business is be lone investor, because most times for businesses that a group for people are into, it always comes out to be issues at the end of the day, except for a situation whereby the business needs a good number of investors to help finance the project.
463  Economy / Gambling discussion / Re: Blue card to be introduced in football. on: February 09, 2024, 08:27:47 PM
In my opinion, that idea is not necessary it will cause so much confusion in football and undue favouritism. Do you know that 10mins is capable of deciding a football game? Imagine three players of the same team committing a foul almost the same time and then being given a blue card to stay outside for 10 minutes. Remember giving a blue can will be the prerogative of a referee and so how do you draw the line between when to give a yellow card and a blue card or when to issue a warning?

This will kill the sports and generate so many contentions after each game. Let us rather look for a way to provide solutions to the problems associated with VAR as VAR has failed in some games, especially in the premier league.

The reason why the idea of telling a player to stay out for 10 minutes flourished in your locality as you have pointed out is because you cannot give a player a red card and also giving a player a yellow card would amount to nothing since players don`t pay for the card given.


Well, I think one of the reason is to make sure that they build into the consciousness of players that if you tackle your opponent  wrongly you are going out for the next 10 minutes, hence you know that these will be your punishment and it will affect the overall performance of your team in the next 10 minutes, you wouldn't want to do that wrong tackling.
I think in all is to build that safety precaution for footballers because their legs are their office, so laws should be made to protect those legs and this is one of those laws because football is all about Fair play.

To a enlarge extent VAR has contributed to a great success of football ever since it was established, if there are one or two issues associated with VAR then think about those days that we did not have VAR at all, how bad they where.
464  Local / Politics and society (Naija) / Re: The need to acquire an asset now on: February 09, 2024, 07:35:32 PM
Many people wishes to get an asset when they start making it in life but as soon as such opportunity comes up they begin to live frivolous lifestyle and saying that they are still young as they can still meet up their target anytime without knowing that time flies and an opportunity that one may miss in life can take longer time to get again.

It is very good for us to know that the clock is ticking and as it's ticking that's how we are ageing as well, we should make judicious use of any opportunity we have to acquire an asset that would stand for a long time and even help us achieve our dreams, don't feel that you are too young for anything as we are in a digitized world now as everything is going digital that how things are changing so we may not really achieve things on a platter of Gold as you previously did, so it is important we plan now that we are sound and healthy and have no much responsibility yet rather than waiting at a time that every thing would become compounded such that we may not even have time for ourselves anymore.

The time is now to start thinking about the future and stop living extravagant lifestyles trying to impress people who wouldn't even know how you are doing when you peradventurely fall.
Like they usually say you can easily use your mouth and build skyscraper, but then in real time you cannot even do that when the opportunity comes. It is not everybody that plans and at the end of the day goes ahead to fulfill his or her plan, some people are just good in talking but not too good in doing it.

No doubt about the fact that it is good to invest your money while you are young, and you shouldn't spend your money on  frivolities. but one thing you must understand is the fact that most young people hardly come across funds to make investment for themselves. It is good to make your plans early and activate them, but our Nigerian society is one place that doesn't give young people favorable condition to achieve some of these goals, so probably your location and poor funds might lead to you achieving some of this goals in the later part of your life.
465  Economy / Gambling discussion / Re: Africa Football Discussion || Current Topic: AFCON 2023 on: February 09, 2024, 05:20:31 PM
This same South Africa we are talking about is also pissed about how Nigeria defeated them and I believe they have started threatening Nigerians living in their country that same day. Of recent they started threatening our goalkeeper (Nwabali) which we know plays for one of the clubs (Chippa United) in South Africa, I can't understand how childish they are to always pour their anger on us (Nigerians) each time we defeat them and CAF won't do anything to stop this or even our president.
South African should understand that this is a game of football and no matter how passionate you are, you should learn how to control your emotions, the game they lost against Nigeria shouldn't be a yastic for them to start a xenophobic attack on Nigerians living is SA.
If they go ahead with their threat, CAF will definitely sanction them.
I remember sometime ago when they started this attack against Nigerians and destroyed a lot of their businesses in South Africa,  that ugly situation shouldn't repeat itself because of a football match they lost, After all they will be playing for the third position, a feet they haven't reached in a long while in Africa football.
466  Other / Politics & Society / Re: Waste of resources at parents disrupting their children dreams for self interest on: February 09, 2024, 04:38:52 PM
A girl I know who is just 18 years old has an inborn skills of fashion and designing such as Hairstylist and the Dressmaking. This has been her dreams to make it a reality but her parents are ignorantly trying to stop her from achieving this dream instead they wants her to go to the university and acquires degree.
Now that she is being forced by her parents at what she doesn't have desires for, her obsession towards her passionate dreams would definitely not let her concentrate on her studies as she keep grumbling that she would dropout of the school somedays if her parents persists she must go to the university.
The parents reason is that they wanted all their children to be degree holders but yet the graduated ones whom had obtained their own degrees could not yet boost that the acquired degrees has offered them high graded personalities neither has they been able to secure the white collar jobs with it instead they still returns back to the streets of labour markets struggling to make better life without the requirement of degrees.
Due to the side of the World we are, if you are not surrounded with high-profile persons for recommendations then the probability of gaining a prominent job with your degree would be difficult at the range of 95% impossible.

This little girl insighted the sceneros and then decided to manage her time, utilizes every moments of it in a productive exercise, safe her parents some expenses pertaining her university expenditures at her decisions to make a different that is why she chooses to go through fashion studies to enhance and advance the skills of her dreams

So I think it would be waste of time, finances and efforts of her parents insisting that she must go through the university because she doesn't see her stars shining over there, no desires and no Passions for it at all.
And so I think she would be more utilizing, productive with a better quality and creative person if she is privileged to chase after that or dreams.
The both parties are suing towards a better tomorrow, the girl has her passion to follow which is in fashion, while the parents want her to get a degree. However both parties could fine a common ground where the girl can go for her degree and still make out time to follow up with her passion which is fashion, maybe she can be doing it part time, till she finishes her education and go into it fully. she can as well go for a course in the university that is related to her line of passion so she can really get enlightened about what's she's going into.
So for me, There should be room for compromise for both parties because if she doesn't do as her parents have said, there will be a lot of disarmony between she and her parents, same thing goes if her parents doesn't grant her request, so both parties should work hand in hand so at the end of the day it can be a win-win for all.
467  Economy / Gambling discussion / Blue card to be introduced in football. on: February 08, 2024, 05:32:49 PM
There is  these news going round about blue card sin-bins that is said to be introduced as one of the rules in football.
Basically the whole idea of this blue card sin-bins is to punish players that have committed foul against another player, so when the referee shows you blue card, you are to go outside and stay for 10 minutes while the game will still be going on, you will remain there for 10 minutes then you come back afterwards and continue with the game, however this does not take the place of yellow card and the red card.

Locally in my country Nigeria we used to do this for small goal post that is normally called monkey post, if a player tackles his opponent wrongly, we used to tell the prayer to go out and stay for some minutes and then come back, because it's most times a five aside game, so we don't usually use cards. but seeing these rules wanting to be introduced on the international scene surprises me.

So guys how do you see this new intended innovation, is it going to change the face of football across the world, let's have your opinion.
https://www.telegraph.co.uk/football/2024/02/08/blue-cards-to-be-introduced-for-football-sin-bins/
468  Economy / Economics / Re: Opportunities During Economic Downturns? on: February 08, 2024, 02:26:17 PM
Are there any potential benefits that can arise from inflation, recession, or economic downturns? As they say, necessity is the mother of invention. We see an example when people in a country are  faced with very imports duty that individuals there become inspired to establish local businesses and initiate domestic production and start consuming locally as an alternative to imported goods. While this approach might prove successful in certain countries, others may encounter obstacles such as high operating costs and countless taxes on startups. This is a challenge that discourages local production. Despite these challenges, do you think there are still opportunities during economic downturns?
Economic downturn gives rise to new ideas, because at that point people are faced with a of challenges, so every other person is looking for an alternative means on how to grow his or herself  thereby thinking outside the box and bringing in innovative idea that will help them surmount this challenges they are facing.

One good thing about situations like this is the ability for a small unit of persons to come together and identify a business and fund it because individually one person might not have the resource to fund it thereby making the the business to strive with their various ideas.

However, situations like this the government of that state have a major role to play. what will make situations like this to have headway is for government to implement policies that will drive local production to boost the local industrial hub, and for government to also reduce taxation, especially for new and emerging businesses.  
Hence when there is production and the people have a good level of income, then you begin to see that their purchasing power will be restored gradually.
469  Economy / Gambling discussion / Re: How's problem gambling different from compulsive gambling. on: February 08, 2024, 01:07:36 PM
Was reading a gambling related article just this morning and it was talking on random issues cut across gambling responsibly, many of which I agree with.

However, there were two terms that were made mentioned of which stole my interest unfortunately they weren't explained but only mentioned. I could have just checked them on Google but I felt reluctant and said let me bring it to the community let make it a discussion among us. The two terms were Problem Gambling and Compulsive Gambling. I want to know if they are different in meaning and how different is their effect on their victims.

I think there's no much difference between both of them as they all talk about gambling addiction within people. Compulsive gambling majorly refers to habitual method of wanting to gamble at every moment even when ordinarily you don't have the resource to, you might go beyond any means just to make sure that you Gamble. Same thing with Problem gambling, which is more of chronic psychological effects on the individual who always wants to gamble not mind the negative toll it has him or her.
470  Economy / Speculation / Re: Buy the DIP, and HODL! on: February 08, 2024, 12:28:18 PM
I don't really think that buying a fix amount of Bitcoin when talking about DCA is proper because to my own understanding, if you really want to buy through the DCA method, then you have to buy with a fix amount of money, weekly or monthly irrespective of the current price of Bitcoin, but if you want to buy a fix amount of Bitcoin, them you might  spend more or less depending on the current price of Bitcoin, but the major challenge with this strategy is that you will be forced to tamper with you emergency fund that would have been for your upkeep till month ending when you are expecting money from another source.

I just believe that the DCA method is design for us to buy in a comfortable manner, not in away that will make us to start doing opportunity cost just to meet up to the target of buying a fix amount of Bitcoin.
Basically as an investor, it is believed that you understand your capital flow and how to strategically place your investment.  Before you would want to buy Bitcoin using DCA Method, it believe that you have a capital base that you use to sustain your buying, wether small or big amount for the period you want to. Don't also forget that you're buying with a certain percent of your income with the hope of Holding for a very long time.

Emergency funds doesn't really come into play except for a situation whereby you don't have the financial base to continue with your investment pattern, that is why is always advice for you to know the period of time it will take for you to strategize your investment pattern based on the funds you have, so you wouldn't find yourself in an emergency situation, so opportunity cost don't have any role to play.
471  Economy / Gambling discussion / Re: Africa Football Discussion || Current Topic: AFCON 2023 on: February 07, 2024, 08:51:00 PM
South Africa waited for majority of the game for the penalty shootout only to lose to Nigeria is the best thing I've seen today!  Ngl, that was one hell of a game and for a moment there I told South Africa will qualify ahead of Nigeria for the first spot of the Afcon final.

Anybody noticed the mind games that were played with Williams, the south African goalkeeper? Play first two penalties of the game in the middle. Then he decided to take a stance in the middle for the second penalty of Nigeria's PK shootout and they played it into a corner. Haha Cheesy

So much to say but I'd hit the pause here and continue watching this Ivory Coast game.


I definitely agree with you, South Africans deliberately delayed in getting involved into the game towards the end of the extra time with the hope that their goalkeeper was going to do the magic he did in their last encounter, not knowing that they might run out of luck this time around.

I give the bafana bafana guy some kudos because they played beautiful football, at least they gave Nigeria the toughest match they've encountered since the start of this tournament, the match was full of intense suspense till the very last minute. Nigeria deserve the win they've been resilient from the first half even though there are some goals that were disallowed by VAR, like the one scored by victor osimhen. Congratulations to Nigeria as the first country to reach the finals, as we await to see the Result between DR Congo and ivory coast.
472  Economy / Gambling discussion / Re: Africa Football Discussion || Current Topic: AFCON 2023 on: February 07, 2024, 07:07:17 PM
Omo.. I must swear, this is the most happiest moment for Nigerians in the entire 2024 AFCON game this season, as we Nigerians just score 1 goal against South Africa at 80 minutes into the game, and I will be very glad if the Super Eagles of Nigeria can maintain this pattern of game play in the next 10 to 15 minutes when the game finally comes to an end.
And I swear to God if we do actually win this game, social media will be a hell to the entire South Africans, due to how much this guys have been mocking us for the past recent days


A controversial penalty has led the match to extra time. Victor Osimhen scored a goal to make it 2-0 for Nigeria before a call from VAR cancelled the goal and awarded a penalty, it is now 1-1 at 90 minutes. The extra time will decide the winner or perhaps the match will lead to penalties which is what the South African team and players want.
Haven carefully watched some of the matches Nigeria have played in this tournament, I can boldly say that this game against South Africa is one of the toughest the super Eagles have played so far.
Apparently the game would have ended in the first 90 minutes if not for the penalty that was caused by a Nigerian player almost at the end of the second half, Leading to the extra time. South Africa can be very dangerous because they have one of the best goalkeepers in the tournament that made them to qualify to this stage after saving some penalty kicks from the last match. I think the safest thing for Nigeria at this point is for them to win during this extra time play without going into penalties.
473  Other / Beginners & Help / Re: Isn’t it better late than sorry? on: February 07, 2024, 06:07:28 PM
As said by my topics title,
I don’t wish to be sorry!

Sometimes, it’s entirely very hurtful, not just the fact that you might have lost a vital part of your funds or capital into an investment but, having the mind of being outsmart by whom ever or the system that works a specific field. Well, not the system as, it’s often impossible to beat most systems but, it just hits differently when you have a sense of security about an investment but still goes ahead to loose it all.

I just don’t want to be sorry!
Now Bitcoin is not entirely new to me, I’ve heard it come up a few times and only now have I built an increasing desire to know the pros and cons about it. I’ve had to invest in various things in the past, online and offline, have my share of profit and loss but, I so don’t want to loss. Especially a loss that might amount out of my ignorance, that would be most painful although, I get the fact that lessons would be learned from such experience on how costly ignorance could be.

Here I am, not a single Bitcoin tide to my name, am not so proud about it especially, being here where I just have the vague idea that, the members here just might have so much. I guess what I’m looking out for is a sense of security and some comfort that, it’s really better late than sorry.

Help me not to be sorry!
If you've learned about the pros and cons of Bitcoin before now, it then means that is a good start for you and also given the fact that Bitcoin is not entirely new to you, I will tell you that it not late to invest in bitcoin at this moment, at best you can afford it little by little in line with what you're pocket can carry.  
Don't feel too sorry for yourself you just have to put yourself together and try to see how you can invest now for the future.
You've talked about how harmful it is to lose vital part of your investment, so you should get your mind prepared too about the volatility of the cryptocurrency market and also understand that as an investor, patience plays a vital role too.
474  Economy / Economics / Re: Poor people need solution now on: February 07, 2024, 02:50:22 PM
This is solution, first they need to Understood the system does not serve their needs.
What they could do is start using their own Community money backed by food and fruits.
Becouse If your Community grow food you can never be poor poor people you see your goverment don't care, why you use someones money who don't care about you ?
Leave your goverment currency and issue your own Community money.
And If your poor Community Grow food it means other people out of your Community need your food, so in order to get your Community food they need to obey your Community rules and they need to buy your Community money with rate that's beneficial for you.
Same goes for Europe farmers,stop play around with goverment just issue your own money stronger money and tell them you want our product you buy our currency or you can starve.

If you see someone not good with you then leave their system people only Are poor becouse they go along with the system , nobody not superior of you we all are Humans so If create the our own system then we prosper.

So Communities If you got food everybody out of your Community need food so you issue your own currency and you gain wealth.
And all the Community using this currency nobody poor anymore or problems.

By the time you grow more the less power goverment will have over you.
If you see something not benecifial for you dont use it.

I don't use Banks anymore i told my bank you are scam.
If system does not make you wealthy don't use it.

I Also told my bank you have so much money why don't you share % with me ? Becouse Im share holder of BANK if i invest in bank my money held by bank its Investment.
So they are crooks just becouse the people are use to with something doesnt mean it's honest by nature.

So Communities If you got food you are blessed issue your own money and stop dealing with people who don't benefit you.
If you issue your own money and goverment come to buy with their money you can set your own rate higher so If they don't want then you sell to those who want.
Off course they want becouse everybody need to eat
So you make your own money and your own Community people all live Nice.
It is not easy for a small group of community to form their own currency, because there's a government in place that is responsible for everybody,  they take all the revenue that is being generated from the people in the name of tax and they should be responsible to the needs of the people, by providing the enabling environment for people to survive. however it is good for a community to grow their own food and feed themselves and stay together as a community rather than wanting to wait for government for everythin. But boycott the currency of your country because of primordial sentiment that you have. Remember that the government is responsible for the protection of life and properties, they are in charge of the security, so if you say you want to begin to use another currency inside thesame country, that is more like a treasonable felony because you cannot form a government under another government, so having a currency outside the original government currency is more like having a parallel government.
475  Local / Politics and society (Naija) / Re: The cause of inflation on: February 06, 2024, 10:39:57 PM
Many of us thinks the rise of inflation and the weakness of the naira currency is because of the new government we have in the country.  Before now a state governor was complaining about how the past government was printing of money, and many people thought it was just propaganda which they took it very lightly.  The hardships and the high inflation rate we are seeing today is as a result of printing money that has been taking place longtime ago.

The cause of the inflation is nothing but as a result of printing money that is naira is losing value constantly everyday. The economy has never been bad like this, we are facing the consequences of wrong economy doings.
Printing money alone cannot be the only cause of inflation in the country, first you must understand the market play, the demand and supply factor. inflation for Nigeria is majorly caused by the rise of dollar as against the naira, because most of the goods we consume are imported into the country and for those of them that import this goods into the country they pay using dollar and once the dollar is high against the naira, they will always add prices to the goods they sell and in turn this will cause what we call in economics a "multiplier effect", that is it will trickle down to the list commodity seller in the country. More like you don't expect me to buy your pepper for 100 naira and you think I will sell my onion for 50 naira. So this market forces are basically the causes of inflation in an economy and most times it can be controlled by government agencies to checkmate the excesses of those of them that just inflate price unnecessarily without any just cause.
476  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: February 06, 2024, 02:43:14 PM
Don't be too proud of Roma's winning streak and you have to see who Roma's opponents are before bragging about De Rossi.
I say this doesn't mean I don't like Roma or their coach, but we have to wait longer to see whether De Rossi really has a positive influence on Roma and we can see that from the final results of this season.
Verona, Salernitana and Cagliari are just weak clubs, of course Roma easily beat these three clubs, but we also have to see how strong Roma is against a big club like Inter, which Roma will face later.

If Roma can put up resistance and are able to at least hold a draw, I'm sure De Rossi can become a coach that Roma will be proud of and of course they still have high hopes for competing in the UEL.
We'll see if Inter is able to beat Roma.
It seems that what you said is very understandable. Because after all, several of the teams that Roma and De Rossi have played against are still teams that have low rankings in the Serie A standings this season. So the real test is true, it will be in the match against Inter Milan next week.

But Roma will be very lucky in the match next week because Roma will be the host of the match. So if AS Roma is in their best performance then perhaps Roma could be successful in holding Inter Milan to a draw.

And that's when we might start to see that De Rossi is indeed a really great coach for AS Roma.
It's not about being too proud but rather facing the reality of what's going on at the moment in the capital club since coach De Rossi came in as head coach of the team,  De Rossi has succeeded in transforming As Roma into a formidable team, instilling in his players the winning mentality to win games anywhere which was what the team lacked for years and now they can play and score much goals unlike the era of jose maurinho when they hardly score much or end up with 1 or two goals making them look like a youth team.
477  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: February 06, 2024, 11:06:07 AM
Manchester City seems to be playing much better with Kevin De Bruyne returning to the team after recovering from an injury. Even though Manchester City did fall behind by a goal against Brentford yesterday, they are still able to retain most of the ball possession with their passing game and eventually scoring 3 goals past Brentford to claim a nice victory. With just 16 remaining games left for Manchester City to play in this season, the return of Kevin De Bruyne are definitely a huge boost to the team overall attacking power.
De Bruyne is indeed able to move Man City's attack line to be better than when he was not there. So when he is on the field, the flow of attacks built by Man City seems to be better than before. Currently Haaland has also returned to playing. But he seems to need time to adapt again after he was absent for several weeks due to injury.

But so far Man City has an increasingly good chance of reclaiming the top position in the standings. Now everything will depend on Liverpool's performance. whether Liverpool will be careless or not in the remaining matches this season.

Now it is open,wide open the Premier League after Liverpool was defeated by Arsenal.Now Manchester City has real chances of bouncing back yet I think despite the lost game against Arsenal,Liverpool is still the strong contender to win the title.They have been the most consistent team no matter this bad last game they had.Most likely the players of Liverpool have been impacted by Klopp decision to leave though I think in the upcoming games they will start winning again.
I think Liverpool and arsenal are the favorite to win the premier league considering the recent happening at the moment in the English league. Manchester city have been very consistent after returning from the FIFA world club championship where they won the tournament for the first time in their history and later on had their talisman Kevin De bruyne return from a long term injury thereby giving the team a boost, ever since they have been winning every game making life difficult for rivals in the EPL and other competitions, however I feel the title is a bit out of their reach for now.
478  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: February 06, 2024, 10:20:32 AM
A draw was very fair for both sides, Real Madrid and Atletico had done their best to win this match, but the equal strength of the two teams made the match end in a draw. Girona was very lucky with this result, Real Madrid's loss of two points made the point difference even closer. Real Madrid is still the leader of the standings with a two-point advantage over Girona, Real Madrid still has the opportunity to widen the gap with Girona when the two teams meet next week.
Madrid derbies are always fierce and Atletico were a little lucky in this match because they finally managed to score an equalizing goal in the last minute, yes, a draw was quite fair for both teams.
And in another match, Girona also got a draw so there was no change in the battle for the top of the standings between Real Madrid and Girona and indeed the second match this weekend will be the deciding factor, Real Madrid has a slight advantage because they will play at home but this is a match between two teams top of the La Liga standings, it will definitely be very fierce.
I saw it coming before now, based on the outcome of the recent Madrid derbies this season seeing real and Athletico winning one apiece, so this draw was quite expected as either Real Madrid and Athletico Madrid failed to snatch all 3points thereby allowing Girona to closing in on them by two points making the title race more fierce yet open for Girona. As it is right now Real still has the chance to extend their lead when they play against Girona in the Spanish laliga in deccider match for which side would either maintain or take the lead at the top of the table.
479  Local / Nigeria (Naija) / Re: Crypto P2P market the cause of BDC operation closedown in FCT on: February 05, 2024, 10:31:10 PM
Is crypto P2P market the cause of BDC operation closedown in FCT? This is wrong.

Is this not funny? How is forex and crypto the same? Because there is shortage of US dollar supply, Bureau De Change operators in Abuja are blaming the crypto P2P. They are deviating away from the cause of the problem to bitcoin and other crypto P2P in Nigeria. Nigeria has continued to be a depending nation and rely mostly on imports than they are producing and exporting. They can not blame it on our government which are actually the primary cause.

https://cointelegraph.com/news/nigerian-analysts-refute-claims-of-crypto-role-in-the-capitals-bdc-shutdown

This video I saw on the news is worth watching. https://youtu.be/SAzM9BLG3fA?si=Kv0dmrWqVJYrTlU4

In the video, it is explained that cryptocurrencies like bitcoin and stablecoins are even helping for naira not to fall as it should have fallen. That if no cryptocurrencies, it would have been worse. What determines the price of naira to foreign currencies are mostly related to forex and not cryptocurrencies. Do you agree with his?
I believe at this point the government and some of these BDC operators are just hell bent on blaming anybody, because how can you tell me that the cryptocurrency P2P operation is one of the causes of shortage of US dollar supply in the country.
Of course Forex is one of the major determinant of the price of Naira to foreign currency, because it's the money market, and hence your currency is not traded, it begins to lose Value.
Cryptocurrency is just a digital currency, the equivalent of the amount of cryptocurrency you have can only be converted to your local currency and it will give you the value it worth in your local currency. cryptocurrency does not determine the value of your local currency, the value of your currency comes from the international market, hence the international market pegs your currency at a certain rate, that is it.
480  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: February 05, 2024, 09:51:59 PM
Liverpool is of course hoping for Manchester City to drop points here as that would allow Liverpool to get away with their loss quite cheaply, but since there is still more than one half to be played, I think that City will still win it.
Manchester City get their equalizer in the extra minutes of the first half from a good finish by Phil Foden. The Brentford goalkeeper saved many of Manchester City's ball that would have beat some goalkeepers. Brentford are not the first pick to win this game, but they managed to score first from an unexpected opportunity. Manchester City will play much better in the second half, Brentford have to come out prepared because other clubs in the premier league are depending on them to pick some points away from Manchester City.
Manchester City is not a team in the premier league that you will score 1 goal against and feel that you have either won or going to get a draw with them at the end. They will mount pressure on you that would make you to commit  for them to have the goals from behind and this is exactly what Brentford are going through at the very moment they scored the first goal of this game in the early minutes of the first half, now it's Manchester City that's leading with a 1:2 scores from Fodin. This is an opportunity for 2 points closer to Liverpool so Manchester City won't fail to claim it by all means as they are seriously fighting to find their way to the top of the table. I expect to see more goals before the final whistle at full-time all in favor of the cityzens.
I knew they were going to win this game even when Brendfort were leading by 1:0.There is something about this Manchester City team that no team in the premier league has,the way their coach,Pep Guardiola has conditioned their mentality is so incredible,they settle for anything less than a win,and when they are behind in 1 goal,they find avery means to equalise and win as soon as possible,and that has made the team so unique from any other team in the premier league.Brenthford are lucky to be able to get a goal in this encounter,which shows that they have a sharp attack as well,but I don't think they can get even a point from this game.
Same thing here, I knew Brentford wouldn't going to hold on for too long as Manchester City were fighting too hard to up turn the results in their favor, at the moment it's 3-1 and with the look of thing's Manchester City might score more, Kevin De Bruyne is playing like a wounded lion in midfield.  There are some teams that will hold Manchester City down after scoring one goal and will continue to pressure Man City and as the game is going you will easily predict that these people are going to outperform Manchester City with their style of play, and as well the kept the momentum, but looking at the way Brentford are playing even after scoring that first goal I knew it that Manchester City were  going to do the thinkable.
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