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581  Local / Nigeria (Naija) / Re: The sooner you find an alternative the better on: March 02, 2024, 10:33:44 PM
I for say make una go for other exchange like kucoin but we never know if fg eye go reach all the exchange or if na only binance for now.
I come hear say we get some p2p vendors for Nigeria here wey get good rates wey fit trade our coins give us cash for our country here but the only problem na say scam people plenty inside and to find legit one go hard unless by recommendation.

There are lots of genuine exchanges just that we hype binance too much that's why this decision the federal government took on binance is affecting a lot of us and just a you said, there is need to have an alternative not only in the crypto space but in everything so that in a case where a place we give our most priority fails us we can have where to fall back to, so I believe that there is no way the government can ban all the whole exchanges from operating with Nigerians so to me I see all this things they are doing as wasted efforts. Okay, since they started the fight against binance, it there any positive impact in our currency to show that their efforts are yielding good results?

The only thing that baffles me is that a lot of scammers would take this as an advantage for them to scam people more especially the newbies so everyone have to be very careful with the exchange they want to use and as well ask questions from experienced individuals in the crypto industry so that you don't fall a victim to scams.
582  Economy / Economics / Re: Keeping money and keeping bitcoins? are they similar? on: March 02, 2024, 10:19:29 PM
The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?

Keeping or saving fiat as the case may be can't be measured with hodling Bitcoin because despite the fact that the money saved in the bank also adds interest at different intervals but that of Bitcoin is more guaranteed because you can have access to it at any given time but the fiat you are saving possibly in the bank may not always be at your disposal especially if you project or fix a time you can get access to it of which even when you want to liquidate it there would still be some fee that is attached to it and Bitcoin appreciates from time to time whereas fiat is just fixed and can't add in value except if you want to exchange it with other currency
583  Economy / Speculation / Re: Will the price of Bitcoin hit a new all-time high? on: March 02, 2024, 10:12:49 PM
In 2021 when the price of Bitcoin went to 69K USDT, many people thought that this shock might stop at 100K USDT, but instead of that, Bitcoin went down from there. The price of Bitcoin did not see such movement in the last two years, but in 2024, Bitcoin is already this year.  Has gone to best high 59K Usdt then can we see a break from the previous price, Bitcoin has a halving very soon is it likely to be before or after the halving?

Bitcoin surpasses previous ATH at every halving so it is expected that it price will still reach a new ATH after the halving of which every Bitcoin investors is looking up to that and definitely the price of Bitcoin will dip after the bull run which is very certain because it would also give investors the advantage to buy at a dip and hodl till maybe the next halving as well for investors who wants to engage in long term hodling.
584  Other / Off-topic / Re: Any recommended Crypto Airdrops in 2024? on: March 02, 2024, 10:06:12 PM
Bull markets are occurring again, and I've noticed that many platforms are offering free cryptocurrency airdrops to attract more users. Are there any airdrops you would recommend?

Already some platforms have began offering airdrops but that's just a way to lure more people to join their platforms of which most of them are fraudulent and even if you would claim the airdrops you must have undergone a lot of task from them which some of the task are very stressful and complex as sometimes it may be difficult to complete the whole task and even if you complete the tasks you would find it difficult to withdraw your airdrops so every one have to be very careful and watchful and not to expose their wallets all in the name of claiming airdrops.
585  Other / Beginners & Help / Re: Is Satoshi Nakamoto's networth ever being rated? on: March 02, 2024, 09:55:21 PM
It is difficult to know Satoshi's bitcoin worth because he has numerous addresses and he/they are anonymous as you can tell if he's just one person or they're many because for me, with the growth that this digital currency have recorded since it's invention means that it was well planned and it's not just one person that brought up the idea. Apart from Satoshi Nakamoto, I think it would be very difficult to know many Bitcoin investors hodling or worth because a lot of them have so many wallets of which all cannot vibe traceable.
586  Other / Politics & Society / Re: Who plays bigger role in crypto adoption: General public or government ? on: March 02, 2024, 09:46:41 PM
Who do you think plays a bigger role in crypto adoption ? Will it be common people like you and me . Or does the role is played by government because it is them making monetary policies. I feel people are more important because when it comes to electing the government, even there it is the majority of people which results in final decision.

We need to understand that the government doesn't even liked the introduction of crypto currencies in the first place because they know it would replace fiat which has been the recognized currency before cryptocurrencies were invented and the government always want something that would be in their control and under their regulations of which cryptocurrency are decentralized as you don't need the interference of government before you can perform crypto transactions so with my explanation you can see that the public requires crypto adoption more than the government
587  Other / Off-topic / Re: Have you won a bet with your last cash? on: March 02, 2024, 09:31:41 PM
I went to a betting shop around my locality then I bet with $10 and lose all of them so I was holding  up to $1 separately for transporting my self back to my residence, but funny how I staked with my transport money and won.
Although, I had more money on  my account that I can use for transporting my self back to my house if incase I lost the physical cash, that was why I wasn't afraid to stake with it.

You took a very big risk there by gambling with the last money you had on you which you budgeted for transportation because had it been you lost it then you would have exceeded your gambling limit that's if you set out an amount for your gambling so you're just lucky to have won on your last trial but it is never ideal to take such a risk of gambling with a money set out to take you home should incase you lose some money while playing gamble.
588  Economy / Gambling discussion / Re: Gambling still pays regardless of our losses on: March 01, 2024, 03:05:11 PM
I feel happy when I see people winning in gambling because most times, it's more of the losing as you would meet a lot of gamblers complaining about their losses but seeing evidence that people still win gambling irrespective of their losses is a nice one but don't allow the winning to get into your head to feel like you are going to win all the time thereby playing all day in other to win as doing so may lead you to addiction and spending more money on gambling.
When you are happy to see other people's enjoyment displayed by them, surely you will also feel sad if you know that the winnings are the result of all the money you lost before, we all know that all the money circulates on gambling sites so that the money we have spent on gambling it will come back to us, so there is nothing pleasant about getting that win, if people want to realize that every gamble should not be too confident that it will always win.

I understand your point but even if the money being won is rotating around the gambling site, it's better rather than not winning at all. It is believed that the money used in gambling rotates between the winners and the losers but their are times when winning rate outsmarts the losing rates that's why in some cases, when a gambler wins huge amount they give him some days before cashing the amount out because by then they might have also recorded some losses from other gamblers thereby pay the winner from losers money but any way it is, let there be winning as winning also motivate other gamblers that they can as well win if they are patient and not addicted.
589  Local / Nigeria (Naija) / Re: Government demanding from Binance the lists of its Nigerian users on: March 01, 2024, 02:55:21 PM
So now if they get the data base of Nigerians using binance what will they now do? Begin searching for them or what?. It baffles me how a great country like Nigeria will be giving leadership opportunities to people that have no idea of how government should be runned and rather than bringing forth solutions that will solve the current economic problems they are still making an already devastated economy more worst. Honestly, this country is becoming a mockery by other nations.

 I came across a post in the politics and society session of this forum about a user questioning about the cause of the fall in value of the Nigerian currency, just imagine or is it only this country that is facing economic problems?
590  Other / Off-topic / Re: Do you think gambling every day is better? on: March 01, 2024, 02:42:39 PM
Gambling every day is a bad habit and no one can avoid gambling addiction by doing it. Because if the thing that we do every day is left out for some time, then it creates a kind of emptiness in us. so if he plays regular gambling he will always feel the emptiness of gambling. And I don't think it will be easy to find people who can afford to manage every day gamble budget Without ruining the financial situation. so everyone always should avoid daily gambling habit

Every day gambling is just equal to addiction because as much as you keep gambling everyday, that's how you will deny yourself of some other achievements or daily responsibilities of life such that all your focus would be towards your gambling and how to win and it would lead to financial instability because as soon as you have money you will think of spending it on gambling so everyday gambling is not encouraging at all.
591  Economy / Gambling discussion / Re: Gambling still pays regardless of our losses on: March 01, 2024, 02:31:53 PM
I feel happy when I see people winning in gambling because most times, it's more of the losing as you would meet a lot of gamblers complaining about their losses but seeing evidence that people still win gambling irrespective of their losses is a nice one but don't allow the winning to get into your head to feel like you are going to win all the time thereby playing all day in other to win as doing so may lead you to addiction and spending more money on gambling.
592  Economy / Economics / Re: How can it be possible coping with one source of income on: March 01, 2024, 06:55:04 AM
Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Coping with one source of income in this modern day life is really so difficult most times because every of your Bills will be dependent on only that one source and it is even not advisable in the first place to have only one source because if it fails that means your life might be in chaos due to the fact that getting a new job or a new source would be difficult so no matter how little our income is we should try and save some money from it so that we can use it to establish another source or use it as a backup tomorrow if our income generating source fails us.

My advice for you is that not all of your bills you need to settle at every time your income arrives, you need to do an opportunity cost that is giving more value to things you need the most. There are some bills that are of more important than the others so you give then more of priority and forget about those that are of less importance so that it will enable you not to run into debt and save some money as well then after which you might have gotten another source of income, you can now begin taking care of those bills.
593  Economy / Gambling discussion / Re: A famous influencer lost more than $4000 in just 2 minutes. (2) on: February 28, 2024, 12:16:04 PM
Have you experienced this kind of situation wherein you spend huge amount of money and then regret after the loss? Is your reaction the same with that guy on the video?

Definitely, not only in gambling but one way or the other I have spent huge amount of money on something I thought it would be profitable to me but at the end it didn't work out as I expected, I didn't feel too bad because i already had it in mind that anything can happen so the same thing should also be applied in gambling as no matter any amount that one may have lost shouldn't make them to behave anyhow or become so violent and angry and when gambling we should know that winning is not guaranteed so that we won't feel the impact much if we don't win
594  Local / Nigeria (Naija) / Re: $26bn passed through Binance from... on: February 28, 2024, 12:09:54 PM
This money does not belong to government,  this money belongs to common Nigerians that are looking for a way to survive
Nigerians mostly uses payment processors before, but CBN banned bitcoin and other cryptocurrencies. We moved to P2P and Nigerians will not label the bank transaction as cryptocurrencies. CBN unban cryptocurrencies but Nigerians still prefer P2P. What did he mean? That the money (naira) in the bank used to buy bitcoin and other cryptocurrencies are not legit? I am disappointed that CBN can say they can not adequately identified the money (naira) that passed through Binance.

Already I know that the ban CBN lifted on cryptocurrency was intentional so that they can have a statistical number of people who are using and investing on cryptocurrency across the country and am just Happy that despite that CBN lifted the ban a lot of Nigerians in the crypto space still prefers to use p2p for crypto transactions rather than coming out openly to make crypto related transactions that the government can easily track.
595  Local / Nigeria (Naija) / Re: Bitcoin price speculation (BTC/NGN) on: February 28, 2024, 12:00:13 PM
I noticed people talk more about USD has been one of the reasons I edited it. Also to let us know that we should use black market rate because it is the price that we have been using for discussion. I did not see anyone using the I&E or the CBN rate.

Happy to see people posting on this thread again.

BTC at ₦92.2 million today. Approaching ₦100 million. $56000

It's really funny how the price of BTC is skyrocketing and Naira is also appreciating but the appreciation of Naira is a welcome development as we hope to experience the price of Bitcoin soaring more higher while our currency gains more value, at least the price of goods and commodity would start reducing gradually in other to make life more affordable for people in the country. As at the time of writing this, the price of naira to dollars is around #1630 while the price of BTC is fluctuating around $58,986
596  Other / Off-topic / Re: Having a regular/steady income is important as a gambler. on: February 24, 2024, 11:41:01 PM
Having a regular income is good for everyone but for a gambler, it tends to even draw them more closer and become addicted because since the income is coming at regular intervals, the gambler would feel he can actually win on several attempts thereby he can even spend most of his money in gambling with the hope that he would still receive another income within a short while and since he is very sure of his income he might gamble carelessly with the mindset that after all his income will surely come. So even while having a steady source of income, a gambler needs to learn how to manage his funds and not allow his gambling to take the most part of his life then only can he be at peace and play in a responsible manner.
It's possible that certain people who have extra money are more likely to be tempted to gamble in search of thrills or enjoyment. However, not all gamblers go on to become addicted. Although motivation varies, I believe that having a steady income generally lowers the danger of excessive gambling. Of course, maintaining balance, establishing boundaries, being aware, and making sure that gambling stays a controlled and pleasurable hobby rather than leading to hazardous actions are all part of being a responsible gambler. In other words, if you compare not having a regular income to having one, you will find that the lack of a regular income makes you more likely to chase losses because you will run out of money and your credit status may be compromised by any debts you take on from your debtors. On the other side, there's a chance that having a reliable source of income will encourage them to spend their money more sensibly, including when it comes to gambling.

You have a point because it would be better for the gambler to have a regular source of income rather than not having at all because since he doesn't have a means of steady income, it might make him become more addicted and desperate for winning then he can even go extra mile just to make sure he gets money to keep playing and hoping to win and it's very clear that people who doesn't have a steady means of income take loans from people just to fund their gambling and if it doesn't work out they can become so depressed and may even result to living some strange lifestyle.
597  Local / Off-topic (Naija) / Re: Emergency funds is vital. on: February 24, 2024, 11:27:21 PM
For those who are new to this space emergency funds are funds set aside for the proverbial rainy day, intended to cover expected or unexpected costs that may pop up over time. Most time there's this urge for one to go all in (in investing in BTC) that is putting higher percentage of your funds or earnings in investing in order to yield good and massive profit leaving only small percentage that may not cover your expenses in a long run before  receiving in yah earnings sources again.

You're correct on your definition of emergency fund but I also want to add that emergency fund is like an amount that should be set outside your budget Incase if there are things that would come up after you've made your budget already then you can use the emergency fund to settle it without having to touch your initial budget. When you use the word "all in" you are actually talking about Everything so during any investment, going all in isn't advisable as there is need to also have some reserved funds for miscellaneous while still carrying on with your investment strategy.
598  Other / Beginners & Help / Re: Preventive measures not to lose your btc on: February 24, 2024, 11:17:55 PM
One aspect many of you are ignoring is investing in shitcoins, coins that promises unrealistic return on investment... this is similar to ponzi schemes because they always end up as scam. The founders will collect your precious Bitcoin and hand over to you a bag of shitcoins that if not sold immediately you see in the market, they will turn to worthless bag of shit. I think this should be the most convincing and diplomatic way of losing ones BTC.  They leverage on the greed in humans to get their victims. It is important to note that BTC is enough for anyone looking for a genuine investment that will give good profits.

You made a very big point here because I nearly became a victim to scammers, of receiving shiltcoin in replacement for  my valuable altcoin. Many helpful preventive measure have been listed out in comment section here  I appreciate,  would not border to repeat, but what I want to add mostly for newbie is to avoid quick rich when ever it involves the Bitcoin and crypto related because it has turn a big strategy for scammers, buying shiltcoin during presale and airdrop that offer bonuses.

Actually you know newbies are always carried away by hypes and offers of huge bonuses without knowing that those are the strategies for scammers because without them listing those offers they know that people won't be interested snd just as you have stated, most newbies believes in get rich quick like as soon as they see an altcoin that's pumping heavily, they would assume that it would continue pumping without knowing that if scammers doesn't use such strategies then they can't convince the newbies so it would be good to stay away from any get rich quick adverts or schemes.
599  Other / Politics & Society / Re: Coping with expectations on: February 24, 2024, 10:54:33 PM
Expectation from people could be the driving force that keeps us going or the reason why some of us gets depressed because of our inability to meeting those expectations.

That's really the mentality of we humans as we always expect things to always go the way it used to be without having that knowledge that change is inevitable in life because as people grows and have more exposure that's how our way of reasoning changes and sometimes the reason why some persons get depressed if they couldn't meet up a standard that they were before is as a result of people trying to let them know about their past life and activities but it is your duty either to listen to them or just live your life the way you can without caring too much on how anyone feels about you whether you are moving forward or not is none of anyone's business.
600  Other / Off-topic / Re: Money buy you Happiness, is this true! on: February 24, 2024, 10:38:38 PM
It is very obvious that money can't buy happiness but it is good to have money because even if you are not truly happy, you would be glad and thankful that you have money to take care of your life endeavors and be able to get whatever you want in life despite that you are not completely happy due to one problem or the other that your money may not be able to solve but in most  cases, money brings happiness and makes one feel fulfilled in life.
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