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4701  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Elon Musk invest in Cardano? on: February 27, 2021, 04:02:41 AM
So, any token that is having a good run now must be Elon Musk behind it? This is setting a wrong mindset and it's going to backfire sooner than later if not checked. I remember when it was John McAfee a few years ago until the dude messed up the GHOST project that he was hired to be a part of and promote. Well, McAfee is in prison now. Let's not even go there. I ain't saying Elon will land in the cabin for promoting any of the tokens because I haven't seen any wrong he has done by that. But investors should exercise caution following any perceived tweet or comment from him. Nobody holds the holy Grail.
4702  Economy / Trading Discussion / Re: Big Dump on: February 26, 2021, 10:54:59 PM
Current situation of Crypto merket is very bad all altcoins price is too low on this time and i see that many people sold their all holding coins for panic. I think need patient for better profit and Don't sell your coins as loss just wait and hold your coins.   
There is nothing bad about the current market situation apart from the fact that investors erroneously believe that the market should continue on a steady rise without a dip. What we have now is a momentary correction. For crying out loud, Bitcoin is currently trading at $47k + and you judge the market as doing badly? Remember around this period in 2020 Bitcoin traded below $4k. So, judge for yourself if the situation is bad or not.
4703  Bitcoin / Bitcoin Discussion / Re: The good side of banning btc in Nigeria on: February 26, 2021, 06:51:29 PM
The OP's title drew my blood as I wondered what the good side to banning Bitcoin in Nigeria could be until I opened the thread and discovered the sarcasm. You see, why it's never good to judge a book by it's cover. Always read the content. Yah, since the ban many more P2P outlets have opened up in Nigeria and crypto trading is going on as if nothing amiss even happened. The CBN's pronouncement is to no effect. In fact, the CBN is likely to recount and retrace its step as the country's Vice President Yemi Osinbajo today (Friday 26, 21) condemned the ban on cryptocurrency in the country by the CBN and called for regulation instead three weeks after the ban was made public. What a shame of a country.

4704  Other / Politics & Society / Re: Afraid of speaking the truth on: February 26, 2021, 04:38:51 PM
There isn't anything really bad about politics per se, especially the democracy type of politics. The only nag is the dramatis personae who have made it a bed of lies to mask themselves from the wishes of the masses. Even in the best of world democracies we still find politicians not being honest and truthful. I think it's a person flaw rather than a field flaw. Lawyers, Journalist, Clergy and Politicians are the problems of every country. Once you have credible people in those sections, the country will be upright.
4705  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon Musk Another Twitte for DOGE COIN on: February 26, 2021, 03:29:45 PM
Do you think guys it will pump again to 200 Sat's or more ?
Honestly, I really can't say for sure what is next with Dogecoin now. The expectations are solely on what Elon Musk does, whether he sneezes or farts vis-à-vis Dogecoin. He's the only billionaire who has been giving doge relevance of late and his actions via tweets are considered as calls for buy. Whatever he intends doing with such a support for an almost abandoned coin is what most people can't tell ATM. Without Elon's tweets, doge would've slumped further when Bitcoin took a dive a few days ago. So, I think as long as Elon continues to tweet about Dogecoin, the coin will continue to remain relevant.
4706  Alternate cryptocurrencies / Altcoin Discussion / Re: What's up with Binance Coin? on: February 26, 2021, 12:15:38 PM
BNB rose all the way to the moon becoming the third-largest cryptocurrency by market cap. It's now valued at over $230 per coin, becoming one of the most valuable smart contract platforms in the world after Ethereum. While BNB doesn't come nowhere near close as Ethereum in terms of decentralization, and censorship-resistance, it works great for "De-Fi" with its ultra-low fees and blazing-fast transaction confirmation times.

I'm wondering what could've lead Binance Coin towards new heights within such a short amount of time? Does the "De-Fi" hype have to do anything about this? Do you think BNB's current prices are sustainable or not? Your input will be greatly appreciated. Thanks. Smiley
Well, price got to around $330+ and it's now on correction. I am cocksure it will spring back and surpass its initial ATH before the end of this first quarters. Also, remember that the surge in BNB price is due to the rush for the Binance Smart Contract as projects have started moving away from the ETH contract. It's going to get even better with time. I expect BNB price to even topple ETH in months to come.
4707  Alternate cryptocurrencies / Speculation (Altcoins) / Re: what do you think about the few days deep on: February 25, 2021, 11:18:53 PM
I don't see why there shouldn't be another correction to the downside. It should be expected but in all just bear in mind that this is a bull year like we had in 2017. So, no matter what happens don't sell off in panic. At least, till we are in the last quarters of this year. We aren't through with the Bitcoin bull if you checked the data on its dominance in percentage of the general market cap. Any dip will find support to bounce back to the ceiling and that's what we expect from now till last quarters of 2021.
4708  Economy / Trading Discussion / Re: Learning is better than Following on: February 25, 2021, 04:09:36 PM
The honest truth is that even those who provide trading signals will always FIRST act on their own accounts before relaying that signal to subscribers, whether in opening a trade or in closing it. So, they always have that edge on those following them, whether it's a paid service or not. Another reason why it isn't advisable to follow calls from others is the psychology of the person making that call at the time. You may not know if the person offering the call has a sound mindset at the time or stressed out. Trading, for me, is a profession. It's like flying an aeroplane or becoming a medical doctor. You learn the art. Don't depend on others. You can take a peep into what they do and add to your learning process but don't solely rely on them.
4709  Local / Politics and society (Naija) / Re: African Proverbs in Pidgin on: February 25, 2021, 02:11:13 PM
Smartvirus, dat your last one na im make me sama you cold water for body to cool your temperature. E resemble one proverb for my area — If nor be hunger wetin persin wan go outside go do. Shebi na bc of hunger dey make everybody dey rush go stay for bus stop for work na. Well, may be online biz don dey change dat one small small now.
4710  Other / Politics & Society / Re: 94 year old healthy woman gets the vaccine. on: February 25, 2021, 12:52:28 PM
Now, that makes it scary. If the 94-year old doesn't come out of this experience, it will cause more panic and skepticism of people wanting to be vaccinated. They would rather fancy their chances of self isolating and not taking it than taking it and allegedly dying from it. Well, 94 is a pretty old age where I come from. People hardly live up to that healthily. It's either they're already bedridden around that age or limited by poor health. Europe and Asia are blessed with old people, honestly.
4711  Local / Nigeria (Naija) / Re: Nigerian Bitcointalk Community Hangout. {Current topic: NIN & Local board} on: February 24, 2021, 03:59:03 PM
I beg make Una no too para say I no too dey active here
I just dropped something today make Una see am I beg
Your matta sef reach to para on top jor. Na when you want us to follow you go see Ummunna na im you dey rememba us here  Grin. Afta dat one na you go lost again. Haaba.

Snip>
Una sure sey dis one nor come infiltrate us here as im nor sabi yarn owa local flavour. May be na Bubu and Emefiele send am come as monitoring spirit.
4712  Economy / Reputation / Re: TecShare - Farewell my friend. on: February 24, 2021, 09:48:12 AM
This is really sad, indeed even though we all know about the mortality of the Hunan nature and death as an unwelcome visitor. I came across Tecshare's posts a few times I went through Politics and Collectibles. He will surely be missed here.

BTW, this discovery has further heightened my apprehension that some of the inactive accounts of prominent members here (I don't want to mention names to avoid any controversies. But anyone who looks hard enough will find them) could be feared for the worse. Especially the way the COVID19 pandemic has left many deaths on its trail.
4713  Bitcoin / Bitcoin Discussion / Re: Crypto market too big to ignore, says Nigeria SEC on: February 23, 2021, 01:07:11 PM
As far as I know, cryptocurrency is already banned in Nigeria since beginning of February 2021 as per the circular issued by NCB on 7 February 2021. Correct me if I am wrong here!
The directive to ban cryptocurrency in Nigeria actually came from the country's apex bank — Central Bank of Nigeria (CBN), not NCB (whatever that stands for). Dateline was February 5, 2021.
4714  Economy / Trading Discussion / Re: The Nigerian crypto community to smile soon on: February 23, 2021, 12:46:34 PM
Crypto market too big to ignore, says Nigeria SEC

Oh! The inept politicians in Nigeria via the CBN are coming back to their senses. Well, it's really too quick than I expected. I am laughing real hard here on their cluelessness. It's obvious they've realized they shot themselves in the foot with that ban as it really hasn't affected those they thought it would — the youth. Crypto traders in Nigeria simply moved from the banks to P2P. The Nigerian government is losing money daily for that irrational decision it took. Finally, this will be a win for the crypto community in Nigeria, even without going to the court to seek a reversal of the impetuous outburst from the CBN.
4715  Alternate cryptocurrencies / Altcoin Discussion / Re: Online Education, the future of learning? on: February 21, 2021, 10:49:02 PM
Do you guys think that there is a use case for blockchain on online education?
While I may not be able to specifically answer this question vis-à-vis the blockchain tech, I want you (and others reading too) to take into cognizance the gains of online education which is growing every inch of the day. We can't emphasis its useful enough. And I believe its usefulness will draw the attention of tech wizards (if it hasn't already) who may want to create something on the blockchain that encourages online education. As for me, every single thing I know about cryptocurrency has been through online education and the good thing about online education is that it has no borders.
4716  Alternate cryptocurrencies / Altcoin Discussion / Re: Thoughts on BNB (Why it won’t replace ETH) on: February 21, 2021, 07:29:14 PM
If Ethereum 2.0 already launched, the fees will be cheaper and there's another story will be make by Ethereum.
We waited that long throughout 2020 for it with great expectations but now ETH kicks us in the face with extortion in gas fee. That sucks!

^ BNB was rise because of the binance exchange and most trader use their coin just to cut fees, there is nothing else matter.
Nope, that isn't the reason. BNB is on the rise because of BSC which is cheaper for swap deals unlike ETH which holds a "knife" to our throat.
4717  Economy / Economics / Re: Nigeria led global crypto adoption in 2020 on: February 21, 2021, 06:20:07 PM
Snip>
Honestly, you got the scenario well captured. I was really shocktalized myself when China went ahead and banned Bitcoin in 2017. China of all countries? And at the time it had most miners in the world and exchanges were setting up there. Binance had to move out there because of the ban at a time it was just starting up. It was really a messy time for the crypto community. But look at the situation today and how Bitcoin has faired. A lot of people would think that the rest of the world have learnt its lessons not to go the China way. Sadly, politicians don't learn simple lessons.
4718  Economy / Economics / Re: Nigeria will overtake India in P2P on: February 21, 2021, 05:53:00 AM
Compare it to 1.38B population of India vs 206M in Nigeria, I guess, it is hard to overtake the p2p market in india.
The point isn't just about the population alone. Quite alright India has an advantage of population over Nigeria but what we are looking at is the adventurous nature of Nigerians. What number of Indians would want to take business risks like Nigerians do? That's what I am looking at. Indians are a conservative set of people who may be skeptical trying new stuff and tech unlike Nigerians who are always out to try new stuff. The Indian population is over a billion people but how many of them are tech inquisitive? That's the basic question.
4719  Economy / Economics / Re: Nigeria led global crypto adoption in 2020 on: February 21, 2021, 04:50:53 AM
That means they thought Bitcoin has made their fiat currency valueless!  Cheesy
How funny is this statement, they can't keep their faith in their won currency then how civil people do!  Cheesy
This is hilarious, They started banning cryptocurrencies instead of improving their fiat, because Bitcoin devalues their fiat.
That Nigerian senator is an ignoramus of the real situation at hand. He isn't in the know of the real issue why the CBN took that action from the presidency of banning crypto. The thing is that the last #endsars demonstration left the government seriously wounded and in patches as it couldn't control the sources of funding for the demonstrators. Even after seizing their bank accounts the Buhari led administration couldn't still put a finger on those it accused of leading the demonstration as skeletal financial transactions were found through their bank accounts. So, the government thought they got funding through Bitcoin as monies didn't move in and out as expected through their bank accounts. It's not true that Bitcoin devalued the Naira. The Nigeria fiat (Naira) has been on devalued mode years before now.
4720  Economy / Economics / Re: Nigeria will overtake India in P2P on: February 21, 2021, 04:03:32 AM
Nigeria may overtake the India record of leading the P2P emerging market in a year or two.
India has a huge population far much more than Nigeria but I get your optimism as the operative word is "May". As a Nigerian, I will love for that to happen. At least, it will put my country out there on the global space as a case study of why countries shouldn't ban Bitcoin in comparative analysis of before and after the ban by the CBN.

But, could the ban make people use P2P at least 7 times more in Nigeria than in India? If that is the case, it may overtake it. Not impossible, >200 million Nigerians is nothing to despise.
Yes, this is the expectation and I have noticed it to as many PSP channels have swelled up with new members. Some of them have wondered why they even traded crypto directly with their banks in the first place because P2P is as effective as it can get.
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