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Really what you observe is the truth. All thees memecoins and airdrops are just disturbing the cryptocurrency ecosystem market and also the networks. Till today I am still confused of what really happened to my purchase of Ethereum last two weeks. I bought Ethereum and the transaction was even almost bigger than the amount I received. And before then I have been trying to get some Solana but the network was over congested. So these days almost all the networks are congested. Even bitcoin network is still high because the last time when I made a transaction of 0.0043 and the transaction fee was $4.89 and that is not the normal transaction fee I new in bitcoin when I started this investment.
They said it is the ordinals that are disturbing the bitcoin network now my question always is the developers of bitcoin can't stop the ordinals from the network and this network issue of bitcoin is the one making the other Meme coins to have population.
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Perhaps the statement or title of this thread is a philosophical statement, it doesn't not really need to be connected to what is in the content but it's all related.
Knowledge is New Gold, practically means that knowledge is beginning to become valued or it's increasing with value now, hence people are beginning to pay for little knowledge which they lack . It also means knowledge is becoming source of income or a store of value like gold, if you invest in knowledge it could pay you good profit just as investing golds and the profit for knowledge is likely the 30% of BTC which the guy is about to cut out if the person who lacks the knowledge. Perhaps one need to read the content of the post to truly understand what is meant by knowledge is New Gold
That might be your opinion on the Op but that might not be true and if you are saying that people are selling their knowledge is the New Gold. Then that has been on ground from the onset of the world. It was an ignorant that made Eve to buy the idea of the devil the serpent, that was also a Gold for him. Then you as person you don't know anything and that is why you are going to school to learn and education is not free, you must pay for tuition fee to acquire the knowledge. And if you would have known then you wouldn't go to school to acquire knowledge so calling knowledge as the new Gold is contradicting your whole philosophy because if it is Gold as you agreed, then it has been like that from the beginning. And I said, I don't really like what the guy did and probably because it against my philosophy. And in my philosophy if someone taught me free then I will also teach others free. And I think the Holy Bible also started it clearly about the debtor. |
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In the law of centralized exchanges, it is the duty of the buyer to pay first before the seller release the coins and that has been a warning to us everytime. And now that can also practice I'm the real trading time.
It's also the law of decentralized trading (P2P) no send coin if you never receive money (when you dey sell) or no send money if you never receive coin (when you they buy). Scammers dey everywhere na for we to get sense and use our brain well make person no go chop your hard earn money. With or without centralized exchanges we for dey alright. Me I dey even reason say na centralized P2P exchange na wetin make our Decentralization P2P exchange never strong well if not people for dun dey used to the real P2P system and master am well. When buyer contact you to send coin first just block number and avoid them. Better still you fit dey trade with a trusted merchant for your area but you go use your sense and nor dey trade with only one merchant for you to avoid see finish make person no go set you up unto say you get plenty funds. And now if Nigerian government stop and block all the exchanges in the country, what will be the solution to the issue?
Decentralized P2P and also local centralization P2P go come back like those WhatsApps and Telegram P2P system wey been dey reign those days wey dem go add you to group with the admin standing as an escrow for una to run transaction and no forget say Nigerians dey always find way to solve problems wey dem get. Dem no go fit ban everything cryptocurrency trading and even when they ban all things relating to cryptocurrency, sites disguise as something else but doing crypto trading will launched (no joke oh abi you dey forget the country wey you dey)? Omen you don give me morals. I really enjoyed your comment. And I no get enough smerit because like kind contributions I dey like and him worth 10 to 20 merits straight. Omen naija we go nothing spoiled even Binance and him co companies leave, we go still survive. But one thing we I no like decentralized exchanges because their prices e no dey encouraging because if we dey sell 0.003 as NGN3m centralized exchanges den the decentralized exchanges go fit sell am NGN2+m and dat one dey discouraged many people. Make we dey see how dis drama go be. Then another thing we dey now na di price dollar and naira. We dey loss weight this days. |
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I think this has been discussed sometimes again and there is no way I can leave stables coins Fiat. The matter what stable coins have more value then the fiat because when you invest in stable coins, every week, months you money will be in increasing. And stable keys do not means that the coins is not moving but just that the coins is not adding to value in the cryptocurrency ecosystem market. And the movement is very slow. It is a very simple logic instead of keeping your funds in the fiat currency then you key it in the stablecoins and let be there to increase your investment instead of keeping it in the local currency.
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I was even afraid of what happened to Op network fow the few two days because I was in the POS office and was about to transfer money to the POS sake girl and I the message I got was like I have been hacked or what? And the way scammers are looking for all the ways to scam people is getting out of hand. And the scam is not only in Opay but also in another Banks and I what you have to do is to be careful and be smart about your assets so that even though you get the Scammers message you will know what time did. Experience is the best me I don enter well well so I know all their tricks.
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What if the email that was used in the account is not active anymore what would be the next alternative. I see that the message that would be sent to the email has to be the email associated to that account. Or am i wrong?
no you're right it's actually recommended to use a valid email when creating address, I'm actually looking for a thread were Theymos spoke about this but will do that later since I can't find it now If you have the valid email, what is the point of sending email to the recovery team because you can click on forgot password and the link to reset your password can be sent to your email. So if you have your email, forgot password can easily be used for the recovery. I do not know why theymos said signature is required. I thought before that signature will be required if you are not able to have access to your email and not remember your password or your account is hacked. Exactly because if the email you used in registering the account is working then there is no need to dm the admin of anyone you just hit the forgotten password 🔑 then a link would be sent to your email for your to retrieve your account again. But I have seen someone who has lost his password and were tried to clicked on forgot password but no way. Even the email he used in registering to the website refused to open open and everything lost about the account. So if me I dey give advise I dey tok say make dem use someone whey dem no go forget. |
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Well we now know say our naira no be stable currency again and the thing dey fluctuate anyhow and e dey even cause issue with price of things for the country and na so people dey find am hard to actually feed themselves and the reason why am saying all this things na for us to understand say one jobs and investment on Bitcoin actually depends on the person's criteria to which and how the money is sent.
As for me, this is not even the best time to invest because the way the naira dey appreciate and di USA dollar dey depreciate. If you invest now you go list enough money. And now I dey regret why I even invest in this time in Ethereum. I used NGN60K to invest in Ethereum thinking that naira will go up and Ethereum will also go up but all the two things just come down Speedily and add it to the transaction fee. Now I only have NGN30K left with me .this is one the of roughest risk I have taken in my cryptocurrency market investment. Although in investment you don't lose if your are investing for a long term investors. |
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I don't know why people are interested to increase minimum wage. Okay assuming the State governments agreed to increase the minimum wage. What of you as me? Are we part of the minimum wage plan? We have to think well. When the price of things increase, the federal government provided some palliatives to support the citizens but 99% of the citizens didn't even see the so called palliative and the palliatives didn't solved anything in the country. All those measures were just to calm the citizens but it was not to solve any problem in the country. Politicians even use this period to make enough money.
And the only solution to this problem is to reduce the prices of goods and services then everything will come back to normalcy.
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Bitcoin has hit $72k and was going to $73,k when the price came down again so it has passed your prediction already. And the halving is just few weeks to go but even as that we can't say bitcoin will not hit $80k because the movement is surprising and unpredictable. Right now the price is coming down and it is $69k buy it will still go up before the halving and nobody k ow the place bitcoin will be before the halving. And my instinct predict that bitcoin will be within the range of $50k to $60k in the halving before it go up again after the halving.
Everyone want to see bitcoin doing well so that their investments will be on the rising side.
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If you are predicting bitcoin to hit $1m then you have to state the year which bitcoin will reach that amount but if you are just generalizing it and asking to know if bitcoin will hit $1m that should be a capital letter yes. Because bitcoin is increasing day by and night although the price is not stable and there will be a time that the price will come down and yet it will still go and again. Investing for your children is a good plan too but some people will still against that. Responsible parents even in the normal life use to save money for their children either in the bank or in other savings. And saving for is like Opening their life for them .
Bitcoin is a digital currency so the one we save fit for our children the. We can save bitcoin for them as well.
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I have heard someone not staked with bitcoin specifically since when I can to the forum. But you can only stake in the gambling industry. And that means you can use bitcoin to stake games and not staking on bitcoin. But from my personal research one can stake in the following exchange.
ByBit, KuCoin, Coinbase, Crypto.com, Kraken, Gemini, OKX, Binance
But if is not advisable to stake bitcoin because it was not meat to be stake but for investment. And you have to know that bitcoin network is not for staking if you looking to stake bitcoin from the Blockchain then you can't buy from the exchange.
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Choosing one of them is a completed thing because the both are risky. But if you must select it is trading I will recommend for you because if you use some few years to learn trading then you can make profit from it but in gambling if you luck does not shine then you will not win until you have luck before you can win. Look at this image then you will understand gambling.  Gambling always like to collect from you but trading is not lime that. But the best of them all is investment. I prefer investment to the both them. Op remove your poll because you said nothing to vote there. |
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I will not say you cannot give the smerit quota you have but how your evaluate or know that the thread is a high quality post and low quality post. I mean the factor to consider. And another thing again you are not a merit source so this your thread can't withstand with the pressure that will come. Ask the merit sources how the application to review post dropping in their pm or threads. Op you are initiating what you can't accomplished or implement because you are not a merit source and you are creating a thread to review thread and at the end you be a deceiver because when people drop their application, they will be waiting to see their Merit and when it doesn't come to pass then you become a deceiver.
And don't think merit sources will come here to merit people for you because they have their own target of audience and this your type of thread has been created in this forum many time and not has survive since they are not merit sources.
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With your rank as a hero member of the forum, I'm not expecting you to ask such questions in any kind of situations. Perhaps you should be well knowledgeable with all this things by now but the fact is no body is above learning so I will do the stress to still inform you that DECENTRALISED EXCHANGE would have been the way to out.
You see that first comment, him sef na Hero Member, and he knows weti be DEX. And when we dey tok about cryptocurrency, personally me I no dey even think of DEX. Hey!! Have you used any DEX and experienced their services? I know u no be newbie and I will not say u no know. But as for me I am not interested to use dex but if you want to I will tell you to use https://www.alchemy.com/best/decentralized-exchanges-dexs, https://coinmarketcap.com/rankings/exchanges/dex/, and finally the list from this forum https://bitcointalk.org/index.php?topic=2906237.0 and if I need am I go use am buy not interested to use them. So you can practice to use them from now so that when it happens you will be at the saver side. If I want to use am no be you go tell me if I am an Hero Member or not. We have discussed dex time without number. The first comment suggestion is far better than the DEX. So don't rush to insult your elders in rank. They know what they dem dey do. Though nobody is perfect. And please don't carry dex matter to me because I don't like them. |
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What I believe is that even though Nigerian government stops all exchange working we that are active here in this forum can form our P2P group or create a thread where we can be doing our trade especially Brainboss also run a p2p service we can patronize him and, we can grow more faster. For about you trading your coin with unknown people, well I would suggest you don't use any person other than reputable people in this our local board I believe the drop of dollars against Naira is pretty much good time for buying order to be very higher than selling order's so, if you wanna sell currently there could be much people wanting to buy since dollars has already decreased by 35.5 percent from it's previous price. Yes that is a good idea. Because we that are here have small and maximum trust among ourselves because as for me i am afraid of the scammers in the outside forum who will use that opportunity to do and undo people. But if you are trading with unknown person, how will know that the person is a reputable one? Like this thread https://bitcointalk.org/index.php?topic=5490040.0 I f Obari was not a Smart guy, that scammer would have use Obari head. So those are the fear of the unknown. But creating our Centralized Exchange here to trade with our p2p is the best thing to do to avoid untold story of the gods. Omen really dollar is coming down oh. And I am at the losing side of my Ethereum investment because I bought it when dollar was big and more that dollar is decreasing. My investment too is decreasing. Ethereum that I bought with 100k now is 50k. Omen e no favour me t all buy I go keep till Ethereum go hit $20k |
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Be smart in this industry if not those scammers are out there to scam us weti no good. Scammers are advancing everyday And night. If you are using marketplace in Facebook then you will understand what Op is saying. There are sometimes they showcase a very fine car and in normal price the car would be sold as NGN6,500,000 but they would say #860,000 and they would even agree to payment on Delivery, Jesus Christ. and only tell you to send fuel and oil money so they can bring it to you. And that should be smart move for you. Once a seller asks you to send money first before the goods will be sent them na scammer.
If you know you don't know the person and you want to trade with person manually, tell the person to send the coins or the money if you are buying before you send the money or the coin. Be smart I the cryptocurrency market if not you fall for a very scam.
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In the law of centralized exchanges, it is the duty of the buyer to pay first before the seller release the coins and that has been a warning to us everytime. And now that can also practice I'm the real trading time. And scammers are looking for whom to Scam at all time. And someone contact you and offer to sell coins in a good price and you agree to the deal. And one person must first send. And you are to send the funds first before the seller release the coins and finally you release the coins and the person off is line and run with your coins because since you people didn't use exchange there would be no frozen of coins and you people wer dealing om manually.
So in this kind of situation what will you do. Will you accept to sell or you leave the trade for the fear that you would lost your coins? And now if Nigerian government stop and block all the exchanges in the country, what will be the solution to the issue?
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Well you tried but you only tell them to secure their funds which they even know because they own local bank accounts and the same way can be applied here. And since your saying securing the coins in the wallet, you would have given so the ways they can safe their coins from scammers and hackers. like as some tok am before say make no save our seed phrase in internet and internet device. And if possible make him write an down in different places and hide them or print as other also suggested. These are the major steps ntontakw when one is invested to invest in bitcoin.
One thing to invest and the other thing na to know the security not your investment. To invest is not hard in the cryptocurrency market but to secure your security nis the main issue there.
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Op no moderator would delete your post that is in high quality. And you posts were deleted because of the are of low quality and using the internet to post a d you don't have your own knowledge about any post. And as others don tok am, you have to write with your head and not from the internet or AI materials. Op you have to know one thing before you continue in the forum. You are here to learn and when don learn then you come dey Contribute meaningful from weti you don learn. So if you dey use AI generated materials then how will u learn.
If you don't know anything then you ask questions for other to learn from there. Read more than posting as for now.
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In real life situation when you visit somewhere in the first time what you have to do is to read the sign boards to know and understand the street. But if you are that type that doesn't like to read roadside signs then you will miss road or you enter a very big problem so reading is one of the best hobby supposed be in man's life. Then coming to the forum, if you want to excel and grow well in the forum then you have to read more of the Hero and Legendary Members who are good in posting. Read their contributions and the styles of their posting and writings. And also the Boards they are good with and if you are not good in those boards then you look for the board you are good with and start your journey from there.
If you have a local board then it is better for you to go to your local board to learn from there.
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