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July 05, 2024, 01:03:46 AM *
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521  Economy / Economics / Re: If you want to get rich, you have to become immune to the money.......! on: January 08, 2024, 12:05:30 PM
i personally could walk into a car dealership and buy a fleet of new cars, but i prefer just the experience of walking in and admiring cars but knowing i dont need to buy them.
I don't subscribe to wasteful spending too but don't you think that it might look like one is misery and stingy if one still economizes in getting the stuff that make one happy which they can afford? What's the essence of making money when we don't splash it on what's utmost in us. No matter how we continue to keep money aside as savings we should realize that the cash we refuse to spend ourselves will be spent by others on our behalf when we pass on. Sadly, it can even be spent on things we labelled "no value".
522  Economy / Economics / Re: Imagine African countries using Bitcoin to pay salaries, on: January 08, 2024, 11:13:21 AM
Anyway, while thinking of paying salaries in Bitcoin we should also realize that Bitcoin transactions right now don't give us joy. Fees are unbelievably high and discouraging, to say the least; frustrating. Again, whatever countries that make Bitcoin a means of payment should make it optional. We can't say because we're Bitcoin enthusiasts that everyone should be forced into accepting it as legal tender. There should be moderation and consideration for others who aren't in tune with it.

My country just lifted ban on cryptos and their related activities a few weeks ago. From precedence, I don't think that government of my country can come around to using it as a payment option. That's my feeling. I may be wrong.
523  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto community make sure Logan Paul pay the price for his scam on: January 08, 2024, 10:09:22 AM
The main idea of this article is that you should not listen to YouTube bloggers with a large number of subscribers.
This will be a hard one to avoid because many people believe that those YouTubers with the numbers know what they're doing. That's an irony like you just pointed out that the numbers don't validate anything.

He was all into the hype and spoke more than what he should have.
His loud "mouthedness" reminds me of late John McAfee. I think it's a common thing with media influencers to talk too much, and most times; unnecessarily. I guess they believe talking gets them the attention and clicks.
524  Economy / Trading Discussion / Re: I see many users talk about trading but does anyone here actually trading? on: January 07, 2024, 10:09:49 PM
I see many threads about how hard trading is here, but i don't think it's so hard to that you want to make it look like.
Yes, trading is hard for those who don't like putting in the works but have high dream of hitting it big. These ones with this type of mindset will always fail in trading as greed will  do them in. Those who enmesh themselves in acquiring the set skills for trading won't find it difficult. Trading and hodling have a thin wall apart. We can safely say that hodling is trading on a long term because at some point that person hodling will sell off to take profit.

I'm a trader, and a profitable one too.
525  Other / Beginners & Help / Re: Merit decay on: January 07, 2024, 07:52:02 PM
~snipped~
I am one of those profiles who is careful about the merits received and who doesn't give out merit left and right everyone.
Well, sometimes I think members even forget they actually have merit to give out and that makes it look like they're intentionally hoarding it. However, if I may ask, is there any reason you don't find it alluring giving out merit? I know it can't be for lack of quality posts on the forum because constructive posts are littered here. Again, if it's a bore for you meriting posts, while not send them to merit threads to help others rank up?
526  Economy / Trading Discussion / Re: Does this Qualifies you to give non-professional or semi-professional financial on: January 06, 2024, 01:10:43 PM
~snipped~
Once I perceive that the individual is liberal, has an open mind and is receptive to learning, I do so unreservedly.
That's the commonsensical thing to do, of course. You can only take a horse to the stream but you can't make it to drink water from it. I've had a few people that I introduced to this industry but only a few of them remained resolute in their pursuit of learning. Those who are still foot dragging to invest in Bitcoin as we approach a bull rally, undoubtedly will have sad stories to tell once this bull starts.
527  Other / Beginners & Help / Re: IMPORTANT! Always check your Seed twice. on: January 06, 2024, 11:10:43 AM
When creating a new Seed, always double check its validity.  Not only by writing it down and double checking it with your own eyes.  To me, even if the Wallet checks two or three words, it means nothing.  There could always be an error and I try to minimize it.
When I create a fresh wallet and I'm copying out the passphrase, I'm always mindful of word spellings. You know the word, "colour" isn't spelt that way by American. It's "color" for them. That difference can lock one out of one's wallet if a single word isn't put in its right place, either by spelling or sequence. I'm always meticulous whenever I'm downloading or registering stuff online. I put every other thing on hold until I'm done. That way, I haven't been a victim. That's my little secret.
528  Alternate cryptocurrencies / Altcoin Discussion / Re: China ban people from using usdt on: January 06, 2024, 07:25:22 AM
China can never be crypto friendly and has left no stone unturned to stop people from indulging into anything to do with crypto, it will eventually fail like it has failed in the past and now I feel it's nothing new to an communist regime that it wants it's population to stay poor and behave like sheep.
Honestly, I wonder why. That's if we don't include China's needless scare and protection of her local currency, believing cryptos will weaken it if allowed. Ever since that Chinese ban on Bitcoin in 2017, I've not looked at China the same way I did pre-2017. I used to assume that China was for scientific advancement and discovery but her attitude towards the cryptocurrency industry leaves a bad taste in the mouth.

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It would be loss to China already billionaires and millionaires are leaving Chine for other free nations where they don't have restrictions on anything and everything, this will only add up to the list of miseries it will go through.
But of course, China should be aware of that. Revenue from tax is leaving that country and China can't recover from that even if it decides to lift the ban on all crypto activities today.
529  Other / Meta / Re: Please can someone authorized help? I do not know what to do on: January 05, 2024, 06:54:27 PM
Maybe the takedown notice should have been included or the name of the infringed party so you don't make the same mistake again.
That part I bolded should interest us and that's so offenders will know what offence they're reprimanded for. Punishment should be seen as a wake-up call and a change for better, not as a means to "exterminate". If members know what infringement they commit it will be difficult to repeat such next time. I applaud you pointing that out, hilariousandco.
530  Economy / Trading Discussion / Re: How diverse is your crypto portfolio? on: January 05, 2024, 05:03:57 AM
Just want to get a general sense of how everyone's diversifying their crypto assets.
Yes, you've to diversify in order to properly position yourself for the bull rally as no one knows what coins and tokens will give the most ROI. Diversification helps offer that opportunity not to completely miss out. But whatever you diversify into, make sure you hold a substantial amount of Bitcoin. You can do a 50% of your capital on Bitcoin and the rest 50% on various alts of your choosing. Make sure not to pick alts to invest in from hyped ones. Research the token and its tokenomics.

Though Eloncoin is just a new project that hit the market recently and it is doing well.
I'm not sure Eloincoin, the one you're advertising for, is on the market yet. You can shoot us a link if you're certain about it. Otherwise, you could be referring to This One, and I think you've got the wrong one. If that's the case. Look at both logos.
531  Economy / Trading Discussion / Re: Does this Qualifies you to give non-professional or semi-professional financial on: January 05, 2024, 04:22:32 AM
With this wealth of experience among many others not mentioned do you think it qualifies you to provide non-professional or semi-professional financial advice regarding Bitcoin to individuals?
Yes, with the utmost sense of humility, I think I can unarguably pass as a semi-professional financial advisor on Bitcoin (cryptos) matters to people. Even as a TA person, one can still have an idea (may not actually end up going there, anyway) where price could be going as it's mostly affected by fundamentals/news. Right now, it's safe to say that what's driving Bitcoin is fundamentals, given to the halving air which are somehow subject to quicken what TA could be showing.

I've witnessed just two circles – 2017 and 2021. With just those two, I'm confident that what happened in those two will repeat itself in 2025. Thus, I've been advising anyone who cares to listen to get in before halving that's around three months from now. Don't wait for halving to happen before going in. Buy and hodl till after halving.
532  Local / Politics and society (Naija) / Re: African Proverbs in Pidgin on: January 04, 2024, 12:04:17 PM
Man wey dey beat him wife na wetin him dey eat him dey pour sand sand put.
Meaning: You don't do things that will be to your detriment, no matter how angry you're.
533  Economy / Economics / Re: Sometimes tips the securities at the mall or local shops on: January 02, 2024, 06:17:48 PM
I don't have any issue with anyone tipping others for services rendered. If you're satisfied with their services, tip them. However if you aren't satisfied with them, don't tip anyone. I tip waiters/waitresses when I perceive they could do with the extra penny, especially if they gave me superb services. Other than that, I keep my change or I completely avoid returning to that joint next time.
534  Other / Beginners & Help / Re: Bitcoin - Contentment / Addiction on: January 02, 2024, 05:42:18 PM
I want to know if their is any point at which a person can say I have reach and get contented in owning Bitcoin? A point where the person lacks Contentment and keep on pressing to acquire more Bitcoin is It said as being addicted?
Elon Musk, the world's richest man, can't say he has acquired enough wealth. Musk is still acquiring more. Man is insatiable by nature. We keep acquiring. By the way, many of us here may not even have up to ½ a Bitcoin though we've been accumulating for years. What's the percentage of those who have up to a single Bitcoin (I know statistics will be there for it), I'm just thinking aloud. Everyone who has so many cars or houses first desired and hoped for just one. Then one came, they desired more and the circle continued. I can wish for just two BTC but trust me I won't relent at that once I've it. The idea of trading and increasing it will step in.
535  Economy / Trading Discussion / Re: Maybe future trade is gambling on: January 02, 2024, 05:03:44 PM
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
I've heard someone ask this same question recently at an event I attended. In fact, the dude didn't ask it as a question. He said it with a tone of finality that trading is gambling. A simple question I asked destablized him. The question was, what product do people exchange in gambling? Nothing! Gamblers only exchange fantasy while in trading one exchanges one commodity for another. So, whenever you think something is gambling ask yourself if there's a product for exchange. If there's, then it's not gambling. Let me add quickly that those who think anything trading is gambling are failed traders who've lost money to the market and in their frustration want to dissuade others from going into trading. Conclusively, trading (of any kind) isn't gambling. Both are two different things.
536  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin hidden gems. on: January 02, 2024, 11:27:32 AM
Many alts are now showing promising signs. It's a good thing that they're already looking up and making portfolios green again. From my observation, airdrops are back and that's a sign altcoins are going to do well once again. We saw this in 2017 and we can recall how all turned out. 2021 didn't leave us with much movement in alts. It was the same era that airdrops didn't become a thing. I've a few alts I'm holding, scattered across many chains. I hodl some tokens from the stable of Bluezilla launchpad for its IDOs and I think they will do well. This, however, isn't a financial advice.

Only one? Thats kinda tough but I think that would be INJ or AVAX those two are highly appraise L1 and most likely will be doing good performance during bull market. Anyway most of the projects have equal chance even major coins.
I've read so much about INJ and seen how many rush into it. It seems like it's going to be good one this bull season. Nonetheless, I like your last sentence and how you put it out there that most projects can also give investors nice ROI, especially this period. It's a caveat you just put out there on your view. Great.
537  Economy / Trading Discussion / Re: How do I succeed as a trader in 2024 on: January 02, 2024, 07:55:11 AM
As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.
I don't know why you've to pick trading now when you know we're going into a bull rally. You're likely going to miss the bus when you sell off and can't get in back. It's going to be a regrettable moment if you aren't able to buy back. Wouldn't you rather hodl than sell? I wouldn't take that risk now with Bitcoin. The only tokens I like flipping now are launchpad tokens. The way I do it is guage the tokens of a launchpad I'm into and follow up on its IDO announcements and then take my positions, checking when the market will be saturated with excess supply to sell off and then buy at demand zone.

For now, selling Bitcoin to take profit and re-enter is a no-no for me.
538  Economy / Speculation / Re: High transaction fees affects buyers and seller in payment in bitcoin on: January 02, 2024, 06:29:37 AM
I remember years ago, doing some p2p meet and I think it took 1.5 hours for the block to confirm. And this was when blocks were empty, basically default fee was like 10000 sats which was a few Pennies back then.
Just imagine what that 10,000 sats you said was a few pennies then is worth now. So, invariably we're still paying below what they paid then. Isn't it? We aren't even paying up to ⅒ of that now, yet the value is crazy.

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If you do p2P you need it cheap and quick. Best is Ethereum with a stable coin of some sort like USDT.
Did you say ETH? Moving ETH out is also not cheap. I rather stayed with stablecoins or LTC for such. They're very cheap to use.
539  Other / Beginners & Help / Re: ViaBTC free slots available [1 Jan 2024] on: January 02, 2024, 05:39:45 AM
So I thought they stopped offering free TX acceleration at first but I couldn't find anywhere that they stopped offering free TX acceleration.
Even when they assumedly offered it, I think it took a great deal of time for pool to pick it up. I've said it times without number that this congestion thing is going to be the bane of Bitcoin if it's not speedily dealt with. The current backlog has lingered beyond anyone's endurance level.

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That led me to think what if someone built a bot to abuse their service? or what else it could be?
If they haven't blocked loopholes that could expose their vulnerability, then they should be blamed for exposing themselves. We know hackers/scammers get more creative when their point of interest becomes lucrative. Bitcoin is getting more attention. Everything that revolves around it is also picking up that attention.
540  Other / Meta / Re: How did you know about Bitcoin and Bitcointalk? on: January 01, 2024, 09:53:07 PM
  • How did you know about Bitcoin? From good news or from bad news?
Well, I wouldn't say it was from bad or good news as the person talking about it on a radio programme I was listening to that morning struggled to convince his listeners to attend a seminar his group was organizing. It wasn't a free seminar, anyway. I never attended it because it was hosted in a different state from where I lived. I got curious about Bitcoin when he mentioned its price and then I decided to search it out on the internet. That was in 2016.

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  • How did you know about Bitcointalk?
I stumbled on it while my curiosity couldn't let me rest. I guess I clicked on a link that led me to CMC and then I clicked on another on Bitcoin to read about it. I only wanted to read deeply about Bitcoin and then exchange ideas with others. That click landed me here. I didn't know one could also earn by being here. I got to know all that when I started reading and making posts. The rest, like they say, is now history.
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