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61  Alternate cryptocurrencies / Service Discussion (Altcoins) / scammers with their everyday strategies on: February 20, 2022, 05:52:32 PM
I was going  through my Facebook when a message pop up on my messenger  then when I go through the message, it's was all about a platform where I can grow my ETH , and invest as well ,  so I followed up  pretending as if I was interested on the so call platform, so I can detect the pattern of  which he want to use in  scamming. then he continued by  showing me the stages of the platform, some prove of payments,and  even called me on my video call through Facebook messenger ,on the video call asking me how much I want to invest, which I gave a reply, telling him with sincerity that I want to invest $5000 worth of ETH , on his mind he was so happy thinking he has made it or arrived at his game , then he asking me  if I have metamask wallet which I said yes and he also ask if I have backup my seed phrase on my  wallet , I replied no , he said Good, and  I also told  him I use metamask for all my trading too, then  he asked me to switch ON a particular network in my wallet and he told me steps to take on backing up the seed phrase, after all this steps , he told me that I wasn't doing exactly what he asked of me , I was so shocked, I asked how he knew I wasn't doing exactly what he asked of me , so he replied with a pigin English saying in quote, "you just they waste my time here since abi" and abusive words, then he blocked me. I was so edger to know how he knew I wasn't doing exact what he asked of me, so I contacted  a friend and explained everything that  happened, he replied saying I'm a lucky person, if I did the exact things that scammer told me all my coins  in my wallet would have been vanished.
62  Other / Beginners & Help / what is the difference between Bitcoin and Gold? on: February 20, 2022, 09:15:52 AM
in my own understanding some of the differences between Bitcoin and gold are:

1: Gold  are used in industrial application                 
                                 while
     Bitcoin are used in underlying technology
      such as block chain

2: Gold are stored as in a vault and on a safety         
     deposit box.
                                 while
      Bitcoin are stored as a physical assets.

3: Existence; Gold has been in existence
      before Bitcoin.

4: in time of buying and selling or exchange:
     Gold  require physical present during
       exchange.         
                             while
       Bitcoin doesn't require physical present
       during exchange.

5: Gold can be faked while Bitcoin can not be
     faked.

6: Gold can be used in making different
      items .
                                 while
     Bitcoin is just an asset (money) used in
      buying items.
   
63  Bitcoin / Bitcoin Discussion / what gives Bitcoin it value? on: February 20, 2022, 08:24:57 AM
in my own understanding about what gives Bitcoin it value I think it because of it higher demand in the society in the sense that the more Bitcoin is been mined and  the more it been wanted by people, the higher the value becomes. therefore Bitcoins value lies in it scarcity and increasing demand.

 if the price of one Bitcoin where to reach 514,000, Bitcoin market capitalization would reach approximately 15% of the global currency market.


https://www.investopedia.com/ask/answers/100314/why-do-bitcoins-have-value.asp#:~:text=Bitcoin%20demonstrates%20some%20attributes%20for,of%20the%20global%20currency%20market.

what do you think?
64  Other / Off-topic / Re: Shopping Online on: February 19, 2022, 11:09:46 PM
I don't like shopping online because sometimes you don't get what you order they give you opposite of what you ordered.
65  Other / Off-topic / Re: Which social platform do you prefer? on: February 19, 2022, 10:59:36 PM
WhatsApp

because it doesn't have limit when it comes to posting in groups

All your contact information are easily located

It doesn't require more information on like the other social medias.
66  Other / Off-topic / Re: What is the last movie you watched? on: February 19, 2022, 10:50:44 PM
The last movie I watched was Selina Tested ( your face show your shoes know shine)  it a seasonal movie it about different gangs (cultists) fighting and killing each other.
67  Other / Off-topic / Re: Do you use Telegram? on: February 19, 2022, 10:39:47 PM
Yes I'm on telegram but I don't have any thing about casino.
68  Other / Off-topic / Re: Do you Smoke? on: February 19, 2022, 10:29:30 PM
This the word "smokers are reliable to die Young" okay for you.
69  Alternate cryptocurrencies / Altcoin Discussion / why are there so many coins and the reason why some developers failed on: February 19, 2022, 09:22:16 AM
I believe developers saw the the vision of Bitcoin and try to explore from the vision  by introducing and making their own coin but they lost focus because they only have one goal in mind which is making money, forgetting the most vital ingredients in developing an asset. They forget that they are certain steps and strategies to undergo before accomplishing a good assets or goal.

Some of the reasons why I think some developers fail is because:

1. Lack of funding both the starting aspect and the launching aspect (lack of money to continue)
2. Failure in out righting frauds
3. Failure to evolve especially when the coin initially start bomming

Most developers have only one vision which is making money that is why many coins doesn't grow and they failed because they didn't see the vision ahead.
70  Other / Beginners & Help / Re: What's the best advice you received here? on: February 19, 2022, 08:10:45 AM
In all the advice I have gotten from this platform in summary it means always be yourself.

Be real and that will get you going.
71  Other / Beginners & Help / Re: When I first heard of Bitcoin and How it scared me on: February 19, 2022, 07:54:38 AM
thanks for your concern, I believe one thing in life that in every successful man and woman there must be a story to tell and in that story there is a lesson and in that lesson there is a teaching and in that teaching there is something to learn.i have learnt alot from my mistakes and that get me going and I'm so happy.
I believe people learnt there lesson in different ways.

I'm happy because my mistakes  makes me  understand more about crypto currency, it makes me keep going and never give up, it make me understand that they are ways, keys, risks and strategies when it comes to investment.
72  Other / Beginners & Help / Re: Few lessons learned from my past to keep up with crypto on: February 19, 2022, 07:13:53 AM
  • Aim profit target and have a game plan

yes I really agree with you because an investor who doesn't have goal (target),  game  plan and also strategy when it comes to investment he or she is in-between the line of success and failure.

most of this investor who fall understand these categories mostly  lose focus in their investment and that leads to lose.
And also most of the investors never continue.

So I believe that having a goal ( Target),game plan and also strategy is also a good key.
73  Other / Beginners & Help / Few lessons learned from my past to keep up with crypto on: February 18, 2022, 09:57:43 PM
I have really learn alot and continues to learn even more from my mistakes in crypto currency, especially the trading and investment accept. I've come to realize that in life, for you to become what ever you want, you must go through the ups and down of a trade or field and you must be a risk taker. I believe without my experience, I won't be able to understand more about crypto currency.
some of the lessons I've learned so far are:

1. Never be in a hurry
2. Have the spirit of holding
3. Never give up
4. Never be discouraged
5. Always trade with the right platform
6. Always trade with the rules of crypto ( escrow, never Invest what you can  afford to lose)
7. Never have the spirit of fear: fear is the number one key of failure.


74  Other / Archival / Re: Bitcoin makes a loser a winner on: February 18, 2022, 06:03:57 PM
Yeah I got it, never be in a hurry to sell, have the sprite of holding.

Because you never know where your success will start.

The sprite of holding is one of the key to success in crypto currency.
 
75  Bitcoin / Bitcoin Discussion / Re: Fear is not Real. on: February 18, 2022, 05:52:16 PM


First thing to learn in BTCitcoin is Hodl it - Fear is not Real
yes I believe you in this, this is the biggest mistake I have made in my life that I can never forget. fear rule over me and I lost alot.
76  Bitcoin / Bitcoin Discussion / Re: I was finally able to purchase an iPhone 13 pro max using my Bitcoin on: February 18, 2022, 05:38:35 PM
There is nothing impossible buying with Bitcoin, if only you find the right traders who trade with Bitcoin.

So it's  possible to buy what ever with BTC.
77  Economy / Digital goods / Re: Sell the private key on: February 18, 2022, 05:10:08 PM
No one will fall for that, any who find it interesting you just have to be careful because you might be scammed,  so I will advise you to continue using your wallet.
78  Economy / Marketplace / Re: where can I buy BTC for my institutional client? on: February 18, 2022, 05:00:50 PM
You don't need escrow to buy and sell Bitcoin for security reasons.

Have you heard of binance

Binance is one of the reliable platform with trading volume.
79  Economy / Marketplace / Re: Is there anyway to buy alcohol online with bitcoin? on: February 18, 2022, 04:52:49 PM
Yes, you can buy alcohol With Bitcoin but only with the trades who trade with Bitcoin

So it not common
80  Other / Beginners & Help / Re: Have I made a grave mistake on: February 18, 2022, 04:12:26 PM
Both the IOS and Android OS are not secured even if you are careful enough, the only thing you will be thinking is to be praying to God that cyber criminals shouldn't remember you.
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