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June 21, 2024, 03:19:11 PM *
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601  Local / Nigeria (Naija) / Re: Almost made a bad investment decision today 🥺🥺 on: January 31, 2024, 09:45:33 PM
This is exactly why we are told to study and do extensive research before buying any coin. Especially newly launched coins with low market cap, currently we have missed multitude of shitcoins in the midst of altcoins, so we you have to be careful when making investment decisions. Aside just shitcoin the rate of scam projects have increased, where some coin were created specifically for the purpose of crashing the coin to price zero after the coin must have gotten enough market cap and investor, that is why I pity those who are after trends without doing their own research. Though researching on a coin those guarantee that the coin might not be a scam project.

Now adays scammers are working tirelessly to make their scam project looks legit like every other altcoins in the market. And I bet that they'll spend enough for the coin to look legit and pass through all the KYC, after which it would be listed in exchanges but after a certain period of time the coin would be no more as it value will crash down. Bitcoin is the only coin you do don't actually need to study extensively before you buy, but there is a need that you do some research so as to build your confidence In holding the coin for long.
602  Economy / Lending / Re: Lending Service Started! (USDT/BUSD/BTC/LTC/ETH/DOGE/ETC)! on: January 31, 2024, 03:54:21 PM
Loan Amount: 50 USDT
Loan Purpose: Personal
Loan Repay Amount: 55 USDT
Duration: 2 Weeks
Type of Collateral: None
USDT TRC20 Address: TKhHGxmPu8DMCBuBchmct5Nfu8iSiuT3me

Hello Mr shasan I would be glad if my request is accepted, and I promise to pay back in 2 weeks time, Thanks In advance.
I can accept your loan request if you can sign message by bc1qw2exnyn34ek7dtt8rj98ule607j07c3klqpyu0

Hello Mr shasan, the address you asked me to sign a message with is an exchange Bitcoin segwit wallet address.  
But here is my first electrum wallet address used in this forum for signature campaign, I don't know if you can permit me to go ahead signing message with this address
Electrum address: bc1qnfe3aufxhkpjaga8u8wsu70dgp58ddr3swaq4m
First use of this address in my current signature campaign: https://bitcointalk.org/index.php?topic=5472155.msg63076476#msg63076476
Link to the address on Blockchain: https://blockchair.com/bitcoin/address/bc1qnfe3aufxhkpjaga8u8wsu70dgp58ddr3swaq4m
603  Local / Nigeria (Naija) / Re: Patience is not enough for hodling Bitcoin on: January 31, 2024, 02:49:47 PM
It depends on an individual income, though I see income as a distraction or limitation on the part of investing in bitcoin, no matter the amount you earn monthly there is still an offer for you in bitcoin, you chose the strategy that goes with your income, no doubt emergency fund is good, a little saving is excellent too, but this things should not stop you from investing, once you invest what you need to do is, improve in your earnings because this will help you not to think of withdrawing your investment, investment in real sense should not be done when you are in your comfortable zone, investment is initiated when you have the opportunity and the fund to do so.

First thing wey we need to consider before we enter this holding of Bitcoin journey naim be to get work first. You need to get source of income so that you no go invest for this week make hunger come let you sell you coin next week. Many newbie they experience this thing because their pocket no reach the zeal wey Dem get to invest for Bitcoin after Dem don gather enough knowledge about am. so even if na hand work we good make person for learn so that e go fit dey get small small thing for inside to take invest for Bitcoin. As e stands I get 2 handwork and I dey use dey hold body small small come still dey do DCA.
604  Local / Nigeria (Naija) / Re: Crypto exchanges license difficulty in Nigeria on: January 31, 2024, 02:39:37 PM
I think that the Nigerians that are who are complaining will be the founders. Some of these founders are after their stomach like the one who was paying himself over $150k per month(can't get the exact figure now). From the client's point of view, the other Nigerians like me who understand that the money is not big would know that it is for their security should there be hack. At least they will have the money to pay back. For instance, Binance’s SAFU fund contains $1 billion worth of crypto assets set aside to compensate users in the case of extreme events such as a security breach.

Bro I feel you. Na the Koko be that, any person wey say e wan shock body for this kind of business e supposed stand em ground well, because exchange business no be like other sole proprietor or joint business. First of all you gats prove to us say you dey prepared for anything wey fit happen because the way hackers don dey penetrate the crypto network e come dey be like say e don dey easy for them and exchanges need to triple their security upgrade on a stead so that as hacker dey work e dey turn more difficult to crack. Aside that no other way again oo, and just as you talk them need to even get reserve fund for emergency situations and that one join, e mean say that amount sef no go even reach because I believe say the exchange na international (public use) so no be only Nigerians go use am. If to say na only us then the amount for emergency fund for reduce small but since na public something my brother we are talking about billions and not in millions again.
605  Local / Nigeria (Naija) / Re: Why it's very risky to leave your coin in an exchange on: January 31, 2024, 02:17:02 PM
Dem talk say experience na the best teacher but the real best teacher na to learn from oda persons mistake. Wen you keep your assets for exchange, e no dey your hand again, na the exchange na hin dey in charge of your coins. And na because of the heartbreaking news wey we dey hear about exchange everyday like the freezing of customers funds, hacks, bankruptcy, shutdown by government na bring about dis popular slogan "Not your keys, not your coins." So like dis na self custody na hin be the koko, make we wise up.

Experience naim be really the best teacher, while learning from other people mistake is you being wise. So e dey wise if you learn from other people make the same mistake no go knack you join. We don hear of exchanges wey Dem don hack and steal people money so if you still dey keep money for exchange na you sabi, or be like you just dey wait for your own experience before you go learn. Just as baba sokani talk na self custodian wallet naim be the best especially when you dey hold long term project. Just last year the amount of hack wey we hear about too much for people to still dey loose guard keep better money for exchange, just as the name talk exchange we suppose use am for exchange alone and not for holding our coins.

Make we no let bad thing happen to us before we wise oo, na why we get elders and experienced men wey don dey this crypto network for long so that we fit ask them question and I believe say them dey deliver, something e fit no even be say na guru naim go even give you wattin you dey find, something na newbie or lower rank member, that na why we nor supposed look down on anybody and learn from them they most get something to offer wey fit solve one or two of your problems.
606  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing altcoins now or during halving? on: January 31, 2024, 02:06:59 PM
Now is the Right Time to Invest in Alt Coins If you wait for the halving to invest there is no guarantee that it will even happen.

Are you saying the halving event might not happen this year? If that's your thought then you are wrong because is was clearly stated in the white Satoshi Nakamoto created that the halving will take place after every 4 years, and nothing can change that. Else you are talking about the bull run, though we cannot accurately predict the future and the price of Bitcoin always as there are factor working together to determine the price, not even ai would be able to guess accurately all the time. So it's better to take the opportunity we have now, if you have the funds to invest do not hesitate investing, and I strongly advise you start up with Bitcoin.
607  Alternate cryptocurrencies / Altcoin Discussion / Re: Trend or long term projects? on: January 31, 2024, 01:58:06 PM
Definitely a long term project.  Always trend following leads to nothing but loss.  Trend is temporarily good for some days but not all the time.  Blindly following trends will cost you well.  For example, many people invested in Luna by floating on the tide of the trend.  Later this trend sank with everything.  Always believe in the long term.  Long-term projects are always permanent.

Well spoken. If we really care about the future of our investment then, long term investment is the best. Because short term investment might even lead to loss whereas the coin you invested in will change to a shitcoin with a twinkle of an eye. Some short term project are shitcoins waiting to be full activated. So we must study before buying any coin, some person follow after trend and get x5,x2 from the trending coin they invested in but that those not guarantee that they will continue to have such profits if they keep on hooping from one coin to another.
608  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You trust Tether (USDT) Stablecoin? on: January 31, 2024, 01:20:19 PM
The thing about stablecoins is that they're issued by a third-party (in this case, a private company). Why would anyone trust something that's bound to failure? A major hack, a rugpull, or even government intervention could put your stablecoin investment at risk. If there was some sort of insurance when investing in a stablecoin, it would've been an entirely different story. Neither USDT, USDC, or any other stablecoin can be trusted with your hard-earned money.

Traditional Fiat currencies backed by banks are a much safer bet. Still, they can lose value due to inflation and bad monetary policies by central banks. Tether (USDT) may be the oldest stablecoin on the market. But that doesn't mean it's immune to failure. You should be cautious by not putting all of your life savings into it. As long as you do that, you will have nothing to worry about. Smiley

Absolutely correct mate, in as much as they are less volatile doesn't mean they are immune to failure as you said. The major use of stable coins should be for fast transaction and less volatility, so that you'll not be loosing any coin even when other coins are experiencing a massive dump in price. Aside that, I don't see any important use of stablecoin. Inflation might cause the coin to dump since it is pegged with a traditional currency, that is the number one disadvantage of stablecoin. And many investor miss out this part, that Inflation can strike at any time, and they can leave their money hagging on stable coin for a long period of time.
609  Local / Nigeria (Naija) / Re: This not the right time to focus on trading on: January 31, 2024, 06:58:28 AM
Trading on stocks in FX isn't a bad idea, if you know how to properly. There are some persons that makes a lot from trading and it is not as easy as we scream from YouTube or any social media, were a trader would just deposit an amount and try to make a x5 of his deposit. Before trading, you have to learn properly, most of the person we see today are those who saw it as an easy way to make money and they just got only the basic knowledge and started waiting for telegram signal. In the year 2020 when I did my first trading, dollar was trading at #365  but I lost more than $50 dollar in just 1 week because I tried following the steps of those online traders in YouTube without seeking concrete knowledge first.

Assuming you learnt FX properly on how to manage your lot price and other risk factor and study the market properly maybe you would have become a good trader by now. But in real sense, I love Bitcoin holding than trading because trading look more like gambling.
610  Local / Nigeria (Naija) / Re: Why The Ban On Cryptocurrency in Nigeria by CBN? on: January 31, 2024, 06:39:06 AM
The ban of a thing been no even too serious sef like the way some person dey talk about am. Because na for that same ban naim I learn about cryptocurrency come even start to invest for inside untill them raise the restriction. Even till now majority of persons never start to use banks for crypto payment or any crypto related thing sef, including me. The p2p wey I dey use I even prefer am to buying from bank, so that make network no come obstruct my transaction. Away, op you supposed know say government don already remove the bank crypto restriction so no need for this thread sef.
611  Local / Nigeria (Naija) / Re: Gaurd yourself against crypto scam this year on: January 30, 2024, 11:07:30 PM
This year we gats shine our eyes oo, make we for no gree for  scam activity this year so that we no go fall victim. Because as we sef dey wise na so scammers sef they try to increase their format so that we sef go fit believe. And one thing wey dey certain na be say, if hungry man see any slight opportunity e go like to one put body  but no be all free thing you supposed out body, because currently the scam ratio for airdrops don plenty the actual airdrops wey dey really do give away. Some go ask you to send small thing go first to confirm you address but that na just their format to take catch newbies wey dey desperate to make money.
612  Local / Off-topic (Naija) / Re: Newbies make una stop those off topic posts ASAP on: January 30, 2024, 10:08:10 PM
I think if we get moderators for this our board wey go put eyes on the kind of post wey dey come in here it will reduce the number and rate at which people spam. Since this board is free for people to post what ever they feel like to post people will always post whatever they feel like to post but if we get some people wey deu monitor the board the board will free from spammers and it will be a product of quality posters. Things can only work fine if we get people monitory the board just like every other board that we have in this forum.

Though we never get moderator and we dey pray to get one, but boss igebotz don shook hand for this spamming matter and now e come create thread wey we go fit dey report spammers and AI content to that Dem go either lock the thread or dash the person tag so that e go know wattin e dey do. That na very good update wey dey like this and the board look like wattin don dey clean from excessive off topic and spam posters.
Big thanks to all the person wey dey put body to make this local board a better place I appreciate una effort.
613  Local / Nigeria (Naija) / Re: Making informed financial decisions on: January 30, 2024, 10:00:57 PM
Bro that informed decision, I hope na for on top bitcoin because if you carry money go put for inside altcoins, some of them fit send you go village. If someone inform you say dem go list one coin for binance say make you go first buy am for presale where e go dey cheaper so that when e go enter market you go hammer, omo na bobo be that oo, e better as e dey play e dey show and no be to carry shit coins full your wallet and nothing come out. But as we know say bitcoin investment na wetin be the correct information and good investment wey be say no matter what you go see something inside as we dey enter bull soon as halving go happen. Investment no be wetin dem dey close eye do for crypto oo, shine your eyes and put your money where e go bring at least times two of your investment, it has been happening and it is time again for it to happen.

Boss you done talk well, aside Bitcoin I no go advise anybody to buy all those altcoin wey fit be shitcoin in the next few months or weeks. Because many of those coin be like wolf in sheep's clothing, person wey never know them go feel say na good coin to make investment for I side, but after you invest na that time the pump of the coin don expire and na so e go just dey go down on a stead. Though some good altcoins still dey for market oo, but the bad ones naim plenty pass and with that kind ratio you fit go fall for scam project thinking say you don hit the jackpot.
614  Economy / Lending / Re: Lending Service Started! (USDT/BUSD/BTC/LTC/ETH/DOGE/ETC)! on: January 30, 2024, 09:45:49 PM
Loan Amount: 50 USDT
Loan Purpose: Personal
Loan Repay Amount: 55 USDT
Duration: 2 Weeks
Type of Collateral: None
USDT TRC20 Address: TKhHGxmPu8DMCBuBchmct5Nfu8iSiuT3me

Hello Mr shasan I would be glad if my request is accepted, and I promise to pay back in 2 weeks time, Thanks In advance.
615  Local / Nigeria (Naija) / Re: A year profit investment to choose on: January 30, 2024, 09:22:55 PM
Let me also use this opportunity to ask our genius and our senior colleagues here whether it is better for one to invest in a Lump Sum approach or whether to invest in a DCA approach.

This question na wattin dey bring issues for some kind crypto related discussion Dem, because person wey like DCA go wan support while person wey like Lump sum go also prove em point. But the fact na be say, the both of those terms na accumulation strategy, which means investors fit decide to use anyone wey Dem like based on the wattin Dem wan use am for. I no go fit tell you say one good pass the other but based on the person financial level I fit advise make e start with lump sum, then continue with DCA. That is if the person been don already get money wey e been dey save before. But if e no get, I advise make the person just use DCA throughout. Then when the person don strong for em holding, e fit even decide to mix 2 strategies together for example, lump sum and buy the dip or DCA and buy the dip, or the mixture of any other strategy. The concept of this strategy matter na for you to use the one wey you dey comfortable with.
616  Economy / Gambling discussion / Re: Challenge - Football fans show your tatical skills and analysis here. on: January 30, 2024, 04:09:33 PM
1 That is the 4.2.3.1 formation

2 if you are using this formation against a big team, you will definitely have hard time scoring more goals, since the major purpose of the formation is to keep the midfield working perfectly while you are also keeping your defense intact.

3. Your top 9 must be a strong an intelligent footballer who can convert little opportunity to goal. And the midfielders  must be able to understand when to give a throw pass to your top 9

4. Playing with such formation will help you have a concrete defense as your defensive midfielders can help out with the defense,  forming a 6 men defense, it would be very difficult for your opponent to penetrate easily.
617  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin is more profitable? on: January 30, 2024, 12:56:23 PM
Have a look on FastToken it’s going to be more profitable.

How come a brand new member just learns how to quote quickly if it's not an alt account. Your actions alone is very suspicious, I must confess.
However I don't need to spectate any coin to compare with Bitcoin. with all the achievement it has, there is no coin in the market that has such reputation and that is why there is no second best after Bitcoin. And besides you are talking about the future of the coin you earlier mentioned forgetting that Bitcoin also have a great future a head. We will be experiencing the bull this year or next and investors  have already made predictions that it will definitely break a new ATH.
618  Alternate cryptocurrencies / Altcoin Discussion / Re: Trend or long term projects? on: January 30, 2024, 12:36:17 PM
That is why many people buy altcoins when they are first launched and make their profits and leave. Some altcoins are just like Ponzi Scheme, those who came and invest early make money or profit and those who came late would be the ones that face loses. So that one of the highest risky aspect of investing in altcoins. So if you want to make profit invest early and not procrastinating it. You can withdraw your capital and invest with the profit to see how the coin will go in the future.

I will also say invest according to trend because once tht trend stop the project might collapsed and as I said you can continue the investment either with the capital or the profit made from the investment. And all depends on the profit you made from it.

That's absolutely correct, most altcoins are just living shitcoins waiting for their market cap to increase before it's being activated as shitcoin. And that is why you need to be extremely careful before choosing any altcoin for investment. Those who came first will definitely receive their profit and sell at a higher price, but those who came late or was influence by trend will definitely suffer from the loss the coin will cause. If you must invest in short term project you need to be vigilant to know when to sell, but long term projects, you just need to have patience and let the coin grow.
619  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coin is more profitable? on: January 30, 2024, 12:25:41 PM
There is no doubt Bitcoin is the most profitable coin in the crypto network. When we talk about most profitable, we should consider how long the coin has been and the return it has given within  a period of time, for Bitcoin investment we are deliberating on long term investment and both short term, so Bitcoin being the king of all cryptocurrency is enough reason to say that it's the most profitable coin.
620  Economy / Speculation / Re: Buy the DIP, and HODL! on: January 30, 2024, 07:34:16 AM
and another thing is getting it before others because those who invest into bitcoin first are likely going to have benefits (kind of like Cantillon effect in bitcoin), which surely is not completely fair, but those who know about bitcoin and act upon accumulating earlier rather than later will likely be rewarded more than those who come to bitcoin later.

Sure, I've over heard some investors in their discussion on how they are anticipating for the dip before they buy. And it's very funny how they think their predictions will definitely come to play. The price of Bitcoin due to the concept of scarcity will experience a bulls more than the bears, so definitely the price will go up as time progresses and if they miss the opportunity of accumulating now, the dip they anticipate in buying might even be higher than this current price. Sometimes I classify those who wait for the dip before buying when they have no holding as gamblers. If you must buy, then now is the time, the market movement cannot be predicted always and that is why DCA is one of the most used strategy for accumulating. Those who started buying last year January will definitely have more profit than those who are just starting now, and those who start buying now will also be in greater advantage in profit compared to those who would be starting in the next couple of years.

Since the market isn't something we can predict accurately, trading would be one of the worse experience of a Bitcoin investor. Though they can use the profit they get to neutralize their thinking that they are actually making loss than when they invest full-time, but the truth is, they are actually making loss because they have the opportunity right in front of them to maximize their profit by letting their holding be for a very long time but they choose to buy and sell at small dips and pumps. Those who trade are entirely gamblers playing with their asset. Trading has a way of tricking people they are making a lot from it but the actual fact remains that, they would have done more if only they invested for long term.

Investing in the DCA approach must be long-term and have the capacity to take risks. A separate fund must be kept for long-term holding as the family needs to be met from external sources of income from that separate schedule. If there is no different funding then Bitcoin will be held off for a long period of time. This holding can be affected to meet the needs of the family. That is why a separate fund is definitely needed to save Bitcoin holdings.

This is the more reason why we need to make calculations based on our financial income before setting aside any money for investment. The worse thing that can ever happen to an investor is going back to sell your coin after investing it due to limited finance for survival. As investor it's important you make calculations before taking any investment decision. Like for instance, most persons use 10% of their income for DCA, some might use 20% based on their schedule and their income. You can choose to use any percentage of your choice that suite your financial management without disturbing your other financial activities. And aside just investing, you need to consider making provision for emergency fund, because it's the only way you can escape emergencies without altering your Bitcoin investment. It's preferred you make your emergency fund enough for you for alt least 3 months, but you can go as far as having a 6 month emergency fund. Doing that, you'll feel secure and comfortable with your holding.
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