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July 01, 2024, 11:21:48 PM *
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461  Economy / Gambling discussion / Re: Gambling and Behavioral Change!!! on: March 03, 2024, 06:43:15 AM
Generally, those who gamble, if they can win money, then they are happy in their minds. People lose twice as much money as they get from gambling. Gambling Usually people who have billions of money may not have any problem if they lose a lot of money due to temporary gambling but middle class family people who play gambling as an addiction will have a lot of trouble to make up the money they lose. So people of such family never have to gamble. If middle class family people are addicted to gambling then their family has to suffer because of gambling usually there is no peace and happiness in any family.

If a wealthy person becomes addicted and plays gambling irresponsibly he will likely become broke, except he realizes himself earlier and see the destruction that it will lead to. So all class of person will go broke if they irresponsibly play gamble, majority of the time, we loss more than our winning, but the few wins in which we get from gambling  makes us excited and at that moment we forget about all the losses in which we have encountered during our gambling.
462  Alternate cryptocurrencies / Altcoin Discussion / Re: seeking good projects on: March 03, 2024, 06:22:23 AM
Based on the topic's question, if you are willing to invest into cryptocurrency then it all lies in your hands to pick the right coin for yourself. Aside Bitcoin which is the best and the most trusted cryptocurrency taking other crypto into your portfolio should be a decision you made for yourself. Because questions like this here in this forum, you probably get answers from those member who are promoting their shitcoin and they tell you it's safe meanwhile it could be possible the coin has no potential, so the best thing to do is to for you to make your own research.
463  Alternate cryptocurrencies / Altcoin Discussion / Re: What causes altcoin season? on: March 03, 2024, 06:15:59 AM
Yes, Bitcoin is always the leader and before order into currency followers, so there for Altcoins follows the bull run. most of the market in investing in altcoins is not really advisable and I am myself I may not advise you because sometimes it follows the trending all this big investors what they do they invest big amount in the coin and the supply coin goes up so if you can be able to follow the trend it will be more better because it is not defined as bitcoin everyone know the price everyone know how is everyone know. So if you’re able to study to check out you can proceed.

Although some altcoins are presently following after the price movement of Bitcoin and if you had invested in them you also get some profit from them, but Bitcoin being the head of all cryptocurrency is not yet done with it's bull and I believe after the halving when the price correction takes place that is when most of those altcoins will pump same the bull run after the halving. Coins like Ethereum have been following Bitcoin for a while now, and it will also break a new ATH if Bitcoin breaks its own.
464  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it safe to keep your money in bank? on: March 03, 2024, 06:05:53 AM
In banks or centralized exchanges, our money isn't secure because we don't personally hold the key to our funds. Entrusting our money to them means placing it in their care. A safer option is to convert it to bitcoin and store our bitcoin in a non custodial cold storage hardware wallet. This ensures it's under our personal care, safeguarding not only our wallet but also shielding it from the effects of fiat money depreciation due to inflation.

Banks and centralized exchange aren't place where we ought to save our money. Especially in centralized exchange, banks could be used to save just very little amount that you'll be using any time sooner and that money could last there for upto months but it's not advisable to keep you funds in a centralized exchange for even 24h due to the fact that it's the major target for hackers and they are working tirelessly to make sure they come up with solutions to crack through the exchange.
465  Local / Nigeria (Naija) / Re: Road to Bitcoin bull run on: March 02, 2024, 11:04:55 PM
Now sef the price of Bitcoin don reach $61k and the thing dey sweet everybody wey get Bitcoin wey dey hold. I no go fit say na the end of the semi bull run before the halving because of say Bitcoin don dey waka for sideways movement. There is still hope that Bitcoin will get to ATH before the halving and after the halving the price of Bitcoin fit go extra high, so e never late for who wan buy Bitcoin now. Wattin I believe Na be say, if you invest now in years to come you go really see say na the dip naim you buy because of the increase wey Bitcoin go take.
466  Local / Off-topic (Naija) / Re: Newbies abeg🙏🙏 on: March 02, 2024, 10:54:51 PM
In as much as we are all experiencing the same hardship and problem with the government and  cryptocurrency news we still have to behave orderly by avoiding spamming. Now both Sr men and newbies just dey make the local board be like say na new forum, I know how painful this present situation be for people but I got still like clear una say e nor good for the health of our board. Make we nor loose our standard at least we fit discuss for one thread about government and cryptocurrency matter instead of make everybody dey create em own thread. Currently out posting structure is not on all, e no good make we repent and keep the board free from spam posts . If you mistakenly make post and person don already talk about that same matter, you fit lock your thread and let the other thread keeps going.
467  Local / Nigeria (Naija) / Re: Don't relax using the exchange on: March 02, 2024, 10:42:20 PM
With the current news, anyone who keeps his money on exchange is playing with fire, our government just arrested two binance executives showing that they might take even more drastic actions that might be the end of binance in Nigeria, besides is poor security to keep your holding's in binance, unless to sell them off imidiately.

Use alternative exchanges like kucoin, mexc for trading
Then use electrum , blue wallet to hold your crypto

Engage in self custody now more than ever, decentralization is your way out not centralizion.

Person wey done hear wattin dey happen wey still keep em money for exchange, even if say no be binance, that person dey really play with fire. The government dey find all means to take stop any p2p wey get high rate, them wan make r be say na them they controll the value of the p2p market na why Dem dey destroy every parallel market, but truth to be told that na just the surface of the real cause of the inflation, if to say we get better export, while we take only few import, e for make the economy balance small pass like this.
468  Local / Nigeria (Naija) / Re: Another alternative on: March 02, 2024, 09:26:57 PM
With the charge wey our government don gum binance, I go advise make we avoid the exchange for now oo, because that kind fine no be small money be that oo, make binance no come use pepper eye take freeze your coin Oo, so the best thing na to look for any other exchange wey dey work well, I done use remitano do small trade before after binance block p2p and e work perfectly so you fit try am instead of to dey go play with fire for binance. It's better to avoid problem than to solve am oo, because e fit cost you wattin you no plan for.
469  Local / Politics and society (Naija) / Re: Forex Crisis: CBN revokes operational licenses of 4,173 BDCs on: March 02, 2024, 08:10:05 PM
You just nailed wetin I carry for mind for dis thread, our government just de scratch di surface, instead for dem to face di root cause of di reason wey our currency take de experience all time low everyday, insecurity for di country wey de discourage foreign investors, wey de affect our local food production, lack of basic amenities like electricity to encourage small scale businesses, dependence on importation, including fuel wey we get di natural resources. Make we see weda di Binance and BDC clampdown go solve our problems for di country, make naira begin to de appreciate and make di prices of commodities for market begin to de come down.


U can imagine ! Now the talk of national grid collapse don turn normal thing for our ear, we get many generating stations wey nor dey even work at all, but them dey there, same with refineries we get some but Dem nor dey work. The country nor dey even encourage small growing companies, if you just start Dem go carry task finish you. Like for my area only one person fit get like 5 different task receipt wey e plaster for em work shop or business room. The one wey pain me pass naim be this fuel wey we dey buy, something wey na we dey sell out the raw material which is crude. I nor go lie you, this country get money na just say dem no wan spend am on our need rather them dey focus on wants and latter Dem go claim say dem be economists.
470  Local / Politics and society (Naija) / Re: Forex Crisis: CBN revokes operational licenses of 4,173 BDCs on: March 02, 2024, 02:28:55 PM
But the problem is that as the primary reason for the devaluation of naira has not been solved as Nigeria depend more on foreign goods and services than they are exporting, will naira continue to increase in value? It depreciated to almost $1400 yesterday or day before yesterday in the parallel market but now at over $1500 again.

You see what I believe is that they are just scratching the surface of the main problem, all they are doing now is just manipulation and suffering innocent individuals and organization. They are actually now playing politics rather solving  a problem, if not why would dey fine binance $10 billion dollars, if paraventure they successfully won what would they do with the money other than using it for their selfish reasons and give us stories. I don't think this people are even interested in solving the issue, because the profit they got from trading crude oil when dollar increased over the naira could have been used with others to repair and plant refineries such that we don't fully depend on import.
471  Local / Off-topic (Naija) / Re: Poverty will reduce if only people can do joint business in Nigeria. on: March 01, 2024, 11:56:23 PM
Sometimes, some post fit no practically be for merit but rather a deep thought 💭 and I believe na normal something especially coming for a newbie account because most times, you no go know say your brain fit think deep until you join forums like this before you realize 😂. I get the point of the op but my ghee @op, try relax and understand say life no be bed of roses as so many  no fit just happen the way you Dey think am .

I personally don understand say, one of the thing wey this country lack na trust and thy very trust been don die some very long time ago especially because of money matter and e go Dey very difficult to trust the next man with money matter especially to start business wey no even Dey certain of success.
No be say people no fit come together do a collective business but which business fit really Dey profitable wey over 5 persons for share?

Make I also let you know say, most of these companies get shares and also get collective ownership, and as such, no be only one person Dey easily run business.

Before I go fit approve of joint business na when una don know each other or get the same target to achieve, plus say the amount wey una wan take start the business no be small amount. Companies wey dey do joint business no be small money Dem take dey start am, or else na farming you wan do, and we all know the wey herdsman dey carry their cattles dey go kill people farm plants. So inside farming sef you fit go loss make you no even see half of the money wey una take start sef. Especially now wey the price of things don increase which kind business wey 5 person go do with that kind amount?
472  Local / Nigeria (Naija) / Re: Be aware, no use person wallet . on: March 01, 2024, 11:43:56 PM
OGA na only JJC wey no know watin sup nai go fit fall because I know say many people out there dey fund of using person head when it comes to things wey money dey involved so e go dey normal say person wan try to outsmart another person because of the issue of close P2P trade. Moreover self e no make sense say you go put money for another person account beside watin do other exchanges even if you know wan use the cashlink withdrawal method for binance.

True talk, people wey never sabi the main the main naim go fall for that kind thing, if not wattin go make person wey don learn about crypto and the security for inside go let person deceive am about binance block account, they only stop NGN p2p but you fit send your money out to another wallet, even today I transfer some money from binance to another wallet and e work within a minute.  Then for the other part about using scammers app as wallet l, that one both expert sef fit fall oo, because them fit just clone the app or website and if you nor dey careful them fit sama you wattin no nice.
473  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: March 01, 2024, 07:14:17 PM
Premier League is one of the best in world due to its competitiveness and surprises we can't predict about results while any time any team can give surprise just because of this right now it's not easy to predict about winner with top three teams are having just 2 points difference and in near future we are going to have matches between them which will give better view how things will be near the end of this season all three teams are having same level of quality and consistency is also on their side even we have too many injuries in Liverpool, but their bench power is also impressive.

That what make premier league outstanding, the competition amongst both big teams and small team. It's funny how a team with high amount of relegation just comes up and beat some teams in top 4. Betting on the premier league these days is a bit scary as even 1.0 odd could turn your bet status to be lost. However the top 3 team are really competitive but if Liverpool fails to keep this record of winning then it's obvious Man City would take the league again.
474  Bitcoin / Bitcoin Discussion / Re: Newbie Crypto Advice on: March 01, 2024, 06:52:30 PM
Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

I can't judge you for real, but your first appearance looks really suspicious, and anyone who read the op would probably think that you are just an altcoin or someone trying to catch some fun, because this is what most users post when it's an alt account. And I don't think at that age range learning about crypto would be very difficult, beside you could just stick to Bitcoin as it's a reputable coin and try keeping your identity and some useful personal information anonymous, because you never know who's watching you. Ensure to keep your seed phrase safe and written in paper our you could buy a hardware wallet.
475  Alternate cryptocurrencies / Altcoin Discussion / Re: If I have $40,000 to invest in one #cryptocurrency. on: March 01, 2024, 06:34:09 PM
Aside Bitcoin I don't have much confidence in any other coin. Though Ethereum is also a good project which seems promising as he follows after Bitcoin, but Bitcoin is the only coin I can assure you of making such profits within a decade depending on the amount of Bitcoin you hold. Most person take newly launched altcoins for investment but not with that significantly high amount, if you are to invest in altcoin then you must make proper research Instead of following after trends.
476  Alternate cryptocurrencies / Altcoin Discussion / Re: What is your strategy to win in this bull run? on: March 01, 2024, 06:26:19 PM
If you want to secure your assets for 2025 I think keeping them in BTC is the best choice because after the ETF approval I think BTC will enter a new phase and the price will continue to rise after the halving. For Altcoins I think currently most of them are performing well. Some new altcoins have huge potential to generate returns. But of course new projects have risks because we don't know their reputation yet. I don't know about the derivatives market because I haven't tried it but I think it is a good option to maximize your profits. By the way where do you trade derivatives? I still don't have an account to trade derivatives.

Lol, Bitcoin ETF has already been approved, and after the approval we experienced a little bearish movement which lead the price of Bitcoin to $39k and today the price of Bitcoin is almost twice as higher as the all time low after the ETF approval. Those who bought then would probably be experiencing a 90+percentage increase and that a good one. Aside this bull run with Bitcoin, Bitcoin has been the best coin and that reputation keep up till today.  Op your strategy is ok but I would love to hold even after the bull run of Bitcoin after the halving.
477  Alternate cryptocurrencies / Altcoin Discussion / Re: People are selling now, what are you keeping for later and which are you selling on: March 01, 2024, 06:14:44 PM
Those who sell now will end up in regrets as we are about to enter even a much bullish trend. It's obvious that many coins are increasing alongside Bitcoin especially Ethereum which is also about to breaker a new ATH. So if anyone sell now, he'll miss out lots of profits. I can't give accurate predictions but selling now would be a dumb idea since we are not yet in a bearish trend and beside the halving is still after a month time so price correction would take place there and that is the best time to sell for those who are Interested in selling but I'll prefer to just hold through out both bullish and bearish trends for long term.
478  Alternate cryptocurrencies / Altcoin Discussion / Re: Previous ATH achieve before bull? on: March 01, 2024, 06:03:20 PM
Bitcoin is so close to getting a new ATH but for now it seems it's having a little sideways movement but I believe it will continue to appreciate in value. The Ethereum network price is also in the run with Bitcoin and it will soon get to its ATH currently the price of Bitcoin is &61+k and hopefully before the end of this month it will beat it's all time high. There is still opportunity for newbies to still get into the market and hold for long term to reap a beautiful profit, it's never too late to start holding or accumulating more.
479  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 01, 2024, 05:13:26 PM
I can't agree with your statement because long-term investment in Bitcoin is not the only way to get profit. A lot of profit can be earned even by short term investment. Many times it is seen that many people invest in Bitcoin for a short period of time and earn a lot of profit. If you have a large amount of bitcoins you will be able to earn a lot of profit from bitcoins even with short term investments. Let me show you an example how to earn profit by investing large amount of Bitcoin in short term.

We looked at the crypto currency market in September 2023 when the price of Bitcoin was around $25,000 and if you bought 1 Bitcoin it would be twice (2x) what it is today. This clearly shows that this is not a long-term investment but an example of a short-term investment. If you were to invest in the DCA method at the same price at the same time let's say you would have invested $100 per week or month. Then the amount of your invested bitcoins would be 6 x 100 dollars in 6 months i.e. 600 dollars.

So if you have more amount of money then invest more amount of bitcoins and you will be able to earn more profit even if it is a short term investment.

Yeah it's true those who invest in short terms also get profits from Bitcoin, those who invested immediately after the ETF approval can withdraw their profits and call that a short term investment . But the fact still remains that those who invest for long term always do better than those using the short term Investment plan. When using short term investment in you are likely to miss lots of profit because your mind would be fixed at buying the dip and selling after a minor increase, which would be a loss it you compare with long term holding.

In my opinion, short term trade in Bitcoin are just your excuse to explain to your next generation how you managed to waste all the opportunity that came your way with short term trade, in fact short term trade clearly explain how indiscipline you are to wait and reap a bountiful harvest. Those of us who plans to pass Bitcoin to our next generation are strictly holding because when that time comes we would be appreciated as those who used the opportunity with wisdom.
480  Local / Nigeria (Naija) / Re: Some challenges of the newbies in the forum on: March 01, 2024, 04:56:36 PM
Mate, your emphasis are correct, many newbies just jump into the forum without a proper knowledge of what to do,  first of all this forum is about bitcoin discussion other boards are just here for people to get knowledge of other aspect of life, I have seen newbies creating thread outside the bone of contention here which is not that good, if newbies must learn, they have to look at the posting pattern of the advanced members, read through their post and ask question on things that are not clear to them, people are ready to help newbies but the problem is that most of them are thinking hyper and with this idea learning will be very difficult, to avoid being a shitposter as a newbie you must know the content of a particular discussion and come with your own contribution that will match such thread.

Now as tag don dey fly around the newbies Dem don calm down a bit, the shitpost from newbies don reduce, and all of them wey Dem tag don dey find way to behave responsible. But e no suppose be like this, we know say as a newbie shitpost na normal for them, but that attitude supposed to dey change as you dey spend more time for the forum, e dey pain me when I dey see person with at least 50 post say e still dey shitpost, because at that stage you supposed to dey give out useful informations and not shitposting.
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