True, but no one has all the knowledge and experience about Bitcoin and it wouldn't hurt to ask others who are more equipped with Bitcoin knowledge for guidance and advice on when the best time is to buy because not everyone who owns Bitcoin knows exactly when the time is best to sell or even buy so rather reminding the OP that its his money and he can choose what to do with it, when to buy or sell his assets, instead you can offer your candid advice derived from your experience as a bitcoiner and also tell him whatever you feel would appear helpful to him in his bitcoin journey.
The essence of the forum is to learn and also teach what you've learned to other members who are in need of the same knowledge and not to be reminded that it's their money they're using to invest.

True, rather than intending to hold Bitcoin for the long-term, a large number of Bitcoin investors do so in the hopes of generating a quick profit. When that's the case, it appears to be gambling rather than investing. I couldn't agree more when you say that having a form of reserve, float, and/or emergency fund are essential. Regardless of what one is investing in, it is important for everyone to have these things in place. In order for people to make wise financial decisions, I believe it's critical to enlighten them about the distinctions between gambling and investing. Taking a measured risk is perfectly acceptable, but you should always weigh the rewards and risks. The potential for instant profits is what attracts a lot of folks to Bitcoin, but they might not be aware of the risks. When you decide to make any investments, it's critical to know exactly what you're getting into.

Yes, I agree with you entirely. Micro-transactions on the blockchain are just impractical and could even cause a congestion in the network and increased fees, among other issues. For these kinds of transactions, off-chain solutions such as the Lightning Network are far more appropriate. Alongside others also think that the only way to scale Bitcoin to accommodate widespread usage is through off-chain methods.

I completely agree because there will probably be some spillover effects from the worldwide recession, even in countries that are not directly affected. As you pointed out, there may be major issues later on if a nation's debt increases more quickly than its real GDP. It's important to keep in mind that, even if a nation can weather an economic storm, its trading partners might not be as fortunate. Therefore, even if a nation has a strong economy, the global recession may still have an impact on its exports.

You misunderstood me, I believe we are saying the same thing,
Yes it's true that transactions are confirmed by miners, now what or who are miners?
 Miners are nodes that work to add new blocks to the blockchain and are rewarded with bitcoin for doing so. So when I say "they check for things like the digital signature of the transaction" I'm simply talking about the miners.
It's important to note that people often talk about Miners and Nodes together as they're same as one, which is wrong, in as much as Miners could be considered to be nodes that work to add new blocks to the blockchain by solving some complex mathematical problems ( Proof of Work), Nodes, on the other hand, are any computers that are connected to the network and are helping to verify and relay transactions. So, we could say that all miners are nodes, but not all nodes are miners.

And when I say "The transaction is added to the blockchain and deemed "confirmed" if it successfully completes all validation checks." what I mean is that the transactions are added to the blockchain AFTER they have been confirmed and has completed all validation checks.

 

I'll try to put it in simpler terms. The nodes in the Bitcoin network have been charged with verifying the validity of each new transaction before accepting it. To accomplish this, they check for things like the digital signature of the transaction and if any coins have previously been spent using highly complex mathematical calculations and encryption. We refer to this procedure as validation. The transaction is added to the blockchain and deemed "confirmed" if it successfully completes all validation checks. I hope this makes it more clear how nodes validate or confirm transactions on the block.

I really can't number just how many things I've learned during my stay here or the quantity of knowledge I've acquired here, I've learnt so many things about Bitcoin and Crypto at large, before I came here, I've only known Bitcoin to be the most expensive crypto asset in the history of crypto but I didn't know this much then. Just like you, I learned about the act of DCA when I came to this forum, frankly speaking, I didn't own any fraction of Bitcoin in my name, not because I wasn't interested in it but because I felt it was too late for me to start buying Bitcoin, considering the fact that Bitcoin price has skyrocket to an incredible amount and there was no way I buy a bitcoin, I was also very much scared of risks of loosing my money to the volatile market, I felt if I saved up money and bought, that a dip would follow and I'd loose my money. I was only thinking about the short-term consequences rather than the benefit Hodling for long term. But now my perspective about Bitcoin and crypto has completely changed, although I'm still learning but at least I can boldly say I'm way better than I was before joining the forum.

Remarkably, some of these merchants go as far as using fake bank alerts to defraud their victims, that's why for me, I'll first of all go to my bank app to confirm that the money is actually there, just seeing an alert on my phone isn't enough, I've almost fallen victim to such cheap scams before, had it been I wasn't enlightened and familiar with fake bank alerts. Scammers are everywhere, even the place you least expect and if you expose yourself to them, they'll take advantage of you and swindle your hard earned money. Is everyone should be careful out there and don't trust anyone you see online, whether on social media or in other places.

Yes, I think it will be simpler to utilize Bitcoin as a payment method the more people who are aware of it and accept it. In my opinion, two major things needs to happen before Bitcoin would be accepted as a payment method by more people. First of all, more establishments and retailers must start accepting Bitcoin as payment. And Secondly, we must facilitate the acquisition and use of Bitcoin by the general public. Trust me, if these two things can be actualized then public adoption of bitcoin as a payment method would be very easy to achieve.

Sounds like there are some really unique circumstances in your country that make real estate a bit less appealing. War definitely has the potential to disrupt many aspects of life, including the real estate market. And I can see how the newness of the land market could make it a bit uncertain and volatile.

And yes Bitcoin's digital nature has indeed proven to be an advantage of Bitcoin over Land, but we shouldn't forget that with the help of metaverse, lands has also become a digital asset and you can now buy land and other properties in the meta world, while sitting in your house, so they may be so similar than different after all.

The only reason I believe why bitcoin isn't adopted everywhere is because its centralized nature poses some sort of threat to the government, lawmakers and other centralized authorities. The government is believed to be ontop of all the affairs going on in the country, ranging from the food chain to politics, and this includes t financial system of the country. The government and lawmakers believe they should be in charge and should be aware of all financial transactions that goes on in the country in order for them to ensure the smooth running of the country's economy.
But as we know, the emergence of Bitcoin and its decentralized nature now poses some sort or threat to them, thereby denying them absolute jurisdiction when it comes to making financial decisions that would affect the country, what bitcoin has done is to split that right amongst the citizens of that country, so you wouldn't blame the government and the law makers for frowning again public adoption of bitcoin.

But nonetheless, If Bitcoin is widely adopted and used for daily transactions, it would really come in handy for individuals who enjoy anonymity and privacy, but I don't believe that it will make things more better than using our traditional currencies or banking system. We all know what happened in the past months with bitcoin charges,  the actual reason for the high transaction fee was because more people were exposed to the Bitcoin network and the more people are using the network, the more load the network takes, hence resulting to high transaction fees. So if many people start using the network for daily transactions, I'm afraid same thing might happen again.

Another reason why using Bitcoin for daily transactions would be a good idea is because of Bitcoin's volatile nature, Bitcoin I very volatile and using it for buying goods and other daily transactions may affect the seller and even the buyer too, because you might sell a good worth $100 in Bitcoin today and tomorrow you find out that your $100 has dropped to maybe $50 or even $20. We've seen cases where it has happened, so in a case like that, the seller has made a huge loss in his business. There are other reasons I cannot mention but my point is that if bitcoin is adopted and used for daily transactions, it will be difficult for people.

Although it's difficult to predict with certainty what the Naira's future contains, there are a few factors that might be able to stabilize it. First, by lowering inflation and raising productivity, the Nigerian government may seek to strengthen the foundations of the nation's economy. Secondly, in order to lessen the economy's reliance on volatile commodity prices, the government should work to diversify it away from the oil and gas industry. Lastly, the government should endeavor to raise foreign investment and enhance the business environment. These all have the potential to stabilize the Naira and enhance Nigeria's economic prospects.

Yes, you're correct. while newbies are frequently intended targets for scams and hacks, experienced users may also become a target. You brought up the "Bitcoin address hijacking" fraud, which is especially risky as it's simple to confuse a slightly changed wallet address for your own. Wallet addresses should always be double-checked, even if you believe you are sending money to yourself. It's better to be safe than sorry.

E dey good to know say crypto currency investment get risk, because lots of different risks dey associated to this kind of investment, crypto currencies dey very up and down, e dey make people wey dey invest dem money for crypto, dey vulnerable to losses,  but some people no dey reason am, dem dey invest heavily, and some people don cash out, and some other people don lose money, if person wan invest money for crypto, e dey better make dem know wetin dey at stake, and manage the risk properly

You dey completely correct for wetin u talk, na true say every profession dey important and e no get as e wan be, people just gats to dey do them before things go fit go as e supposed go, just like the example you give, brick layers or carpenters they very important to the society, of not e go hard to build houses. But the truth we go also know be say those kyn jobs no be for everybody, e get people wey get strength for those kyn manual jobs, e get people wey get strength to do those kyn work, and e get people wey be say them no fit do am, but e no mean say people wey no fit do am dey lazy or them no serious...
Yes all professions dey important, but no be say everybody go come choose to go for handwork cos if e come dey like that, the online jobs go come dey vacant and we already know say that side dey very important too to the society.

Merit isn't a necessity, whether you're merited or not, you can still go about your daily business on thr forum, different people has different reasons why they're here on the forum. For some, they're here to only grow their account, earn themselves a significant number of merits, join a signature campaign and start earning some money, not that I'm saying that it's not a good thing to grow your account, earn some good number of merits and join a campaign, but that shouldn't be your driving force.
The main aim of this forum is to educate and teach people about Bitcoin and crypto at large, as well as general knowledge too, and this should be your driving force, to acquire that knowledge, and once you're dedicated to acquiring the knowledge, the and then start making meaningful contributions to the development of the forum and its users, then getting merits shouldn't be so hard.
You're merited when someone sees something meaningful in your contribution. But merit or no merit, you can still access the forum and its resources.

Before before, our fathers believe in the system and e been dey actually dey work for them, the system that time na, make sure say you go school, get good grades, and graduate with those good grades and then you go land yourself better job, and honestly that time, e been dey actually dey work for them, but now, the system don turn another thing, now we get so many unemployed graduates. Person go go school finish, spend 4 to 6 years for acada, come out with your second class or even first class and then you dey waka from one place to another dey fyn job wey no even dey forth coming, na why I no really blame anybody wey no believe say na school be the way again because the system don fail us.

No be say we government no really dey see wetin dey happen, but them choose to turn blind eyes to our lamentations and complains, so people no go wait for them again, person wey him house dey on fire no fit dey inside the house dey sleep.

I believe there is no straightforward answer to this tricky problem. Having the minimum capital requirements to establish an exchange can, on one hand, guarantee that the exchanges established have the means to function in a secure and safe manner. However, on the other hand, in a place like Nigeria where the cost of living is relatively low, it may make it challenging for new exchanges to get off the ground. As a result, Nigerians might be compelled to employ unreliable and unsafe foreign exchange services. Both approaches, therefore, have advantages as well as disadvantages.

No be lie sey diversification fit reduce your overall risk. Different assets dey perform differently for market, and when you mix them, you dey expose yourself to different types of potential returns. And on top that, your overall risk go reduce.

But make we remember say Diversification no be only say you buy different different assets, e also mean to mix different different types of assets, for example you fit go for Assets like stocks and bonds, na two different types of assets, and dem get different type of risk and potential for returns. Stocks dey very very volatile, meaning say their value fit dey fluctuate wella, But dem fit still get higher returns. On top bonds, dem dey less volatile, but dem get lower potential returns. By mixing different different types of assets, you fit create more balanced portfolio.

Everyone indeed has somewhat level of stupidity in their closet but making a public display of it is absolutely irresponsible and unnecessary and you have really displayed a great deal of stupidity with all this. I don't know your motive or what you stand to gain with this public display of cruelty and stupidity but trust me, it is totally irrelevant.

If you've got grievances with Leo, rather than coming to a Farewell thread and publicly spitting dung for everyone to see just how full of shit you really are, you could've taken it somewhere else and let out your grievances, no one is saying you should forgive anyone for whatever grievances you've got, but for God's sake have some little conscience. I don't know if you're expecting appraisal for this crap but I'm pretty sure I'm not the one who feels disgusted by what you're doing.



Not everyone finds it necessary to engage in frivolous online arguments. And to be honest, there's no shame in that; if I were Leo, I'd rather take a nap all day than come here and attempt to clear things up. Sometimes, it's more valuable to concentrate on living your life than it is to engage in pointless internet disputes with strangers.


Agreed, a lot of people uses Binance exchange, regardless the fact that it's a centralized exchange, and not only do they use it, they also recommend it to other users because it's trusted and respected, so if Binance happens to go down today, there's no way anyone would be help responsible or blamed for promoting Binance or recommending it to other users. I believe that's just the case here, so that's really not enough proof for anyone to point accusing fingers on Leo, except he'll also call out every other person on the forum that's promoted the same mixer service. Or except maybe there's another reason to why he's taking this whole thing personal.