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721  Economy / Speculation / Re: Can Bitcoin Drop to Zero? on: February 24, 2024, 09:24:32 PM
~
And what's the different between theoritical and practical drop to zero for BTC?

I mean, sure, theoretically anything can happen. We could face a nuclear catastrophe, our sun could go supernova, or an asteroid could collide with Earth and wipe out all life.  Or, Bitcoin could just up and tank to nothing someday.  But realistically that is not happening anytime soon.  For BTC to completely crash, some wild stuff would have to go down.

Looking at all the possibility that could make this happen, it's vividly clear to say that the rate at which this will happen is too small and it's even impossible so then it's fine to be consciously fulfilled that Bitcoin is definitely not dropping to zero anytime soon. But I have a curious question though and it's what if the whole Bitcoin Blockchain was actually hacked with a virus that manipulate the whole set up of things of Bitcoin procession?.
722  Economy / Gambling discussion / Re: The shocking rate of women interested in gambling. on: February 24, 2024, 09:17:44 PM
Yeah, women gamblers are increasing in number due to online casinos but I don't think they can even compete with the number of male gamblers. I don't think that even 1/4th of gamblers are women so I guess male gamblers will always be more in number because women aren't much interested in gambling as males and they really don't want to win and earn, they can easily take whatever they want by controlling their own husbands and boyfriends.
Even the sudden rush of women into the field is as of a result of the activeness of the female genders in different field and that includes also the gambling industry and besides the world is now too open that women are kept on the side bench on some particular events and that also includes gambling and I believe the social media and the evolving world aslo had a great impact on this  because their mentality can easily change when they see other female doing it and also the impact stories of how it is beneficial too can change their thoughts.
723  Economy / Gambling discussion / Re: A lot of gambling sites are scams ! on: February 24, 2024, 09:12:45 PM
Online betting has become the main concern for the majority of young people, as players flock to casinos forcefully to obtain the largest possible amount of money. There are those who invest thousands and millions of dollars, but there is a serious problem as the majority of sites provide facilities to ensure players’ participation and entice them with large sums of money. Then they steal every cent directly. There are sites that do not target young players, as their victims are those with large amounts of money. Other sites initially deal transparently and seek to gain the trust of the players until they obtain a large audience. Then they begin their hellish plans. So , the majority of gambling sites are unsafe and it's hard to trust them .

How can I choose the best betting site that provides me with a safe betting experience?
Does this site provide a high level of safety for its players?
I need help from those with experience in this field
We can't deny the fact that the gambling industry is filled with lots of casino that are actually trying to make it through the flourishing business and some of these casino are so eager that they are even scamming theme that we the gamblers don't know about and that's why I also stay very cautious when am gambling with a new and unrecognized casino although like you said some of them might even operate in the field of ponzi schemes by gathering the right amount of crowd and then the exist move marks the perfect conclusion to their plans.
724  Bitcoin / Bitcoin Discussion / Re: 5.00 CGPA or 5 BTC? on: February 23, 2024, 08:12:22 PM
If I had to choose, I'd probably go for the 5.00 CGPA. Education seems like the safer bet for long-term success.
Maybe you will have to ask me again. Education is good but not to be compared to 5 Bitcoin. You need to think well again before you think of the best option. Having a 5 CGPA does not guarantee you any success and you will have to strive after school to look for job so that you can fit in to the society. Investment is what make us rich, and to get knowledge we can always read books so that we can be informed. With such kind of amount, for someone that do not go into school the person will have enough funds to go to school and acquire such degree. You don't have to get 5.00 CGPA as a student.
Well  said mate, the greed doesn't guarantee you success and I think most of the successful people today didn't actually glamour when it comes to their grades in school and moreover the world today is filled with fucked up system that people are actually tied to, if am asked this particular question, I think the BTC would definitely be the easier choose to take because even with all the recession and hard economy five BTC guarantees you the comfort and I think the reason for people actually getting those grades is to eventually still work and earn same money so me having a lower grade with 5btc is still a win win situation 🤗🤗.
725  Economy / Trading Discussion / Re: Does Technical Analysis Really Work? on: February 23, 2024, 07:58:00 PM
Greed is one of the ways we can trade in the market and keep complaining that we are not making any profits from the market.
If we can at least take away greed from our trading journey, we might finally become a good trader if we know what we are doing and how to know go about it staying away from the spirit of greed that could make us to lose in the market.
We can always use technical analysis to analyze the market and try to make money for ourselves if we know what we are doing.
Technical analysis is important for traders to analyze the market but some people will trade and be losing in trading no matter the technical analysis and strategies they are using. Trading is not for everybody. If someone is losing in trading and trying ways to make money but seeing it not working and losing at long time, the person should quit trading is what that is best for the person. Trading is not easy as we think and the emotion we talk about is not easy to control at all. Thinking of trading can even be related to greed because traders prefer to look for money in short period of time like within some minutes or hours. Holding is better and holding means someone do not have greed like traders.
Greed is somehow related to the trader psychological balance so learning how to control your greed is one important factor that should be consider because I can say for sure that even the technical analytic traders still fall short of this greed problem because they fail to evaluate their actions when it comes to knowing when to stop trading. Trading is something that are seen by many as gambling including me myself but I sure do know that some persons have claims that you can actually learn thoroughly through different technically knowledge to actually have an advantage over this but I doubt that many people posses the knowledge.
726  Local / Nigeria (Naija) / Re: Depending on a single income now na suicide now on: February 23, 2024, 07:47:57 PM
Price of things in the market are so expensive and still minimum wage still remains the same. This is not the time one needs to depend on this difficult economy challenge,  it is best to create more avenue of making money to meet up in this hard time. It is not easy because things are very much expensive thst even people with much income are even struggling to live comfortably this season.
With the current rate of things in this country e no dey advisable sef to even say make you get only one job because you go get am hot as when the pressure starts coming. Nigeria as of now na war zone and na only people wey get extra means of earning nai go fit manage their self for the country and e go come bad pass say you dey also feed family join because buying foodstuffs na like garri and rice na people three to four months salary now.
727  Local / Off-topic (Naija) / Re: Where are we heading to in this country. on: February 23, 2024, 07:36:10 PM
The problem of this country lies on all of us, from the government to the ordinary citizens even the military, most times we make life difficult and hard for ourselves, just look at what's happening, Dollar rate increased now Our local Garri has also increased, so what's the connection between Dollar rate and our Local garri, let's say the connecting link between them is transportation, but it's shouldn't be approximately double the previous price, at least you can put a little money on the previous price , not double the initial price. The same thing happened with nose mask, even when it was about the health of our country in general.
Oga what are you saying na, imagine you are selling something for 10naira and then dollar increase and they added price to everything dat is imported so you going to that same market to buy something and dem dey tell you say the price don increase and you know very well that when it comes to living and food commodity, everything is connected so you can't be spending excessively on stock on the market and even transportation and then still selling things you use money for buying and working for the actual same price.
728  Economy / Speculation / Re: DCA is the most important in investing. on: February 23, 2024, 07:25:46 PM
DCA is an important strategic investment pattern but that doesn't make it most important of all the investment strategies to holding bitcoin. I could buy a lump sum amount of bitcoin at ones and hold for very length of years and still make profit like another investor who chose to use DCA strategy. Mostly why people are advice to use DCA is because they can't afforto buy a large fraction or amount of bitcoin at ones due to their income strength and only through DCA could they be able to afford owning a good amount of bitcoin to get profit from it after a long time of holding. In all, work with that strategy that is convenient for you that's what I think is most important to know.
The rate of people using the DCA strategy has made it look as if without DCA someone can't actually HODL Bitcoin but like you said the reason for the use of DCA is because of the lack of funds to buy huge, well let's take Micheal saylor for example, he is a big whale when it comes to Bitcoin investment and I sure know that he buys Bitcoin in huge chunk and keeps it for the bull season to come.
729  Other / Beginners & Help / Re: Start preparing for the next bear run. on: February 23, 2024, 07:21:25 PM
I have observed that the rate of posts on buying Bitcoin in this bull had increased greatly. I once read that people are always attracted to invest in Bitcoin when the price is going high. We see more people buying Bitcoin because of the fear of losing out. I know that we can buy bitcoin at any price we can afford but it seems these investors are more concerned about this year's bull run.

From my little experience with the Bitcoin Investment system, the best time to buy the coin if you are targeting to make a profit in the bull run is during the bear run. The price is cheaper and you can make a good profit within the four-year circle. At this period you don't need to rush to buy because of FOMO but you can comfortably buy at your own pace using the DCA or other strategy that suits you.

My advice is that as you are targeting to sell your coins and make a profit also start planning for accumulation. If you intend to use DCA, start putting things in place on how to set aside funds periodically to buy Bitcoin. It might not be bad to start planning how to get an alternative source of income to enable you to engage in your accumulation process seamlessly. Buying Bitcoin during the bear market should be more appealing than buying when the bull run is already around the corner.
The reason why most person neglect the bear season is because they are always on the edge on the particular amount that the price might reach before buying, there are scared of seeing their coins going down and down during the bear season and are much attracted to buying when the price is moving upwards but they actually forget the bear season is there for a particular reason which is as significant as the bull season itself if not even more important because without the bear season buying Bitcoin would be really expensive and the iconic use of it as investment will die off overnight.
730  Economy / Gambling discussion / Re: Who's winning more casinos or gamblers? on: February 23, 2024, 07:16:57 PM
It is like asking which is warmer, the sun or the ice at the North Pole. Of course casinos earn more, but for nuance we could say that it is not easy to set up a casino, otherwise everyone would do it, because it requires a large capital to start, and it is not easy to run because you can also go bankrupt. If you have the capital, you put the effort and you hire competent people you will have a cash cow but this is within the reach of few. What happens sometimes is that a big whale comes along and has a good run that makes you lower the bankroll you have, but in the long run a casino that is moderately well managed is very profitable.
I agree with you, if the casino was not profitable, how would it be able to operate and bear the obligation of bills and daily expenses. There is even an expression that sounds very funny: If you entered the casino, then you have already lost. Of course, this cannot be applied to all players, because of course there will be those who can win, but whether he can keep this winning and bring it to the same casino to lose is the main question.

I also remember that gambling income is constantly increasing from year to year, except for the coronavirus year. This means that more and more players are losing their money, so these statistics completely answer this question for us.
Sometimes it even amaze me to see that people actually ask these kinds of questions because the clarity to this is too vivid, if you are a gambler and you have a couple years of experience then you would definitely know that the number of people losing is wide against the few numbers making money.  Although I have heard of some people who actually can run a casino broke and even at that the casinos still find out their account and block them because they are using arbitrage system and I know of a close friend who even go to the extent of people creating accounts for him on this particular casino just to cheat the casino with his winning.
731  Economy / Economics / Re: Some persons lacks financial sensibilities on: February 22, 2024, 08:23:54 PM
Thanks to social media nowadays that are portraying people to become materialistic. Those videos that have been about giving their dates material things and gifting them money probably have influenced a lot of people not just yours and your friends but many, as in.

Celebration isn't just all about receiving or gifting but also about the time that you're spending together and having some good laughs.

People have forgotten about romantic dates and not just all about these material possessions. It is really true that chivalry is gone.
Thank you man, I totally agree with you because alot of person have forgotten the whole essence of these celebration because of the constant brainwash by the new trend of these generations about gifting and wasting money on material things. Over here in my country is even worst because you can't have a good relationship again without the lady completely blowing it off with material wants and demands. Social media is really doing things and it's probably the most influential place to be and most the whole society is falling to the syndrome and very soon the old habits of these celebration will be no more if not actually gone already.
732  Economy / Gambling discussion / Re: Couple won the jackpot but split soon after! on: February 22, 2024, 08:15:42 PM
Funny enough where they together because they dont have money. Now they have won a jackpot they now see each other flaws and tend to go find a better partner for themselves. IMO, they are meant for each other they should just see it that way, that if they are together they will win more jackpot with their luck.

Also when splitting the money i support you that it should be done equally. There shouldn't be no hierarchy there. So that peace will remain and everyone  will leave happily. I believe it is a very big sum of money that would be enough for them

That's the power of money for you, it amplifies the characters of humans and that is exactly what happened with the two pairs and I could bet that if the money or lottery hadn't been won I doubt both parties will fail to see their flaws but now that there is money involved everyone wants to claim the higher portion and also the right of possessing it all. Sharing the money equally would have been the fairest thing to do but at the state of pressure covering the amount of money won, I doubt if any of the both parties ever taught of that.
733  Economy / Trading Discussion / Re: What is your advised for being a trader? on: February 22, 2024, 08:06:49 PM
Becoming someone who really understands trading and how to do analysis is very difficult, it's easy to do it in just a short time. It takes a lot of theoretical learning, direct trials and seeing market patterns. Those who claim to be traders even though they have only traded a few times, they are only traders who understand selling and buying but not specifically how prices can go up and down. So it is not easy to become a trader who is truly a trader. Technical analysis, fundamentals, risk management, psychological management and many others must be studied and understood.
Well spoken mate, and I know this because am also a victim of those of set person who taught that because I have traded a couple time and had profits it made me a good trader, well that's completely a lie because the world of trading is very technical and you have to be on the edge of complete learning before you can ever be ready for trading.

Not too long ago, I was discussing with a friend who is actually a real trader and by that I means knows the in and out when it comes to trading and I told him am also a trader too and he doubted me and he asked a few technically questions of which I failed to answer and he said to my face that am far from being a traded and I should probably stop now that the habit haven't yet ruined me.
734  Local / Nigeria (Naija) / Re: Taking advantage of situations positively on: February 22, 2024, 07:59:53 PM
Their is always a saying that survival is a must and those that make it in life are the one's that go extra miles to think outside the box and that is what makes the difference between two human beings, some persons actually feel comfortable on their current state but the quick and resilience ones go extra miles just to break out from the ordinary person. That your girlfriend is a perfect example of such persons that thinks outside the box, the country is hard no doubt but the sense of survival is still there and there are lots of person still making it through this hardship.
735  Local / Nigeria (Naija) / Re: Bitcointalk accounts available on: February 22, 2024, 07:51:18 PM
Lol wahala, some people go like dey do wetin them go implicate them, I no even understand cause sometimes your intention fit dey right but why posting it here, I never stay long here and I never see selling of acct but is this the right way to sell an account in the forum? If yes you should continue but some people will actually discourage you and with the comment section I'm not sure people will buy an account from you because the story we hear about scam don too much and victims dey actually wise up and seeing those feedback shows you have no quality reputation here.


Nothing like discouragement for here, this account na one of those accounts for back in the days wey benefits from those airdrop merits and with the trust page for profile, e clearly show say this user na scam professional and na who no get sense nai go actually do business with this kind profile and moreover sef to sell Bitcointalk account is frowned upon by the forum although if you do am wey dem no catch you na your cup of tea but I go advice any person wey dey think of this to actually think thrice before carrying out any action because e fit later regret am.
736  Economy / Gambling discussion / Re: Gamble with what you can afford to lose can actually make a good investment on: February 22, 2024, 07:40:15 PM
Because someone is gambling, does not mean the person is not investing. If truly you are gambling with what you can afford to lose, you will have savings and also plan your future. But the problem is when you are gambling with what you can not afford to lose. And that is the addiction that people are talking about if frequent.

If someone sees that he is not able to control himself or herself while gambling and if gambling is taking too much from the person, the person should stop gambling. The money that should be spent on gambling should be peanuts money.
The person should stop, but everyone knows its not that easy bro, gambling can really get to you and change your entire mentality of gaming because you will always have one stupid thought on head about a massive win or about funds that you have actually lost before. I know of many persons who were actually good with their money until they met gambling and it changed their lives because they actually failed to the act and they let the habit get to their head and lost their patience because that's what gambling can do to you. It controls your thoughts and make you lose it so you think everything is actually okay but in reality you are totally fucked up and only a few persons actually admit to it.
737  Economy / Gambling discussion / Re: Who's winning more casinos or gamblers? on: February 22, 2024, 07:32:44 PM
Every day, thousands of dollars enter or leave the treasury of casinos, and we always hear about a gambler who wins or loses a large sum of money.

The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player. The casino is in the process of recycling the money that the players have invested. There is always a winner and a loser, and when you bet with an amount of money, you bet against the money of all the other players. If you win, they will pay you from their money, and if someone else wins, they will pay himBTCBTC from your money.

So the casino remains the biggest beneficiary, right?
Like what are you saying bro, if the casino aren't really benefiting then you should probably see less casino and still yet there are tons of them popping out from the blue everyday by day and gamblers despite the losing still play on these casino because their is this factor of hope that they can win that big win. What I know for sure is that the casino are making a hell of a fortune and that's why they keep coming into the industry.
738  Bitcoin / Bitcoin Discussion / Re: Lost Bitcoin on: February 22, 2024, 07:16:14 PM
If there will be some changes then it's going to fuck up the whole network and many will lose trust to blockchain itself. And that's why satoshi has made it clear that lost coins are considered donation to the community and you should accept that fact because it is not going to change and the consensus tells us that there won't be any change that will happen although discussions are there and it's being talked about but it doesn't make sense anymore.
This factor that you can actually lose your coins and money for good without a way of getting it back is the same thing that will keep everyone to that is supposedly having Bitcoin a little more extra careful because if Incase you should lose the keys to your wallet, it's a bye bye and even Satoshi himself can't do shit about it and the sense that it's actually a plus for others makes it extra special too so if there anything I will be praying for, I think more folks should actually lose their coins so I can get that extra bonus 😁😁.
739  Bitcoin / Bitcoin Discussion / Re: Is it too advanced to get into Bitcoin now? on: February 20, 2024, 06:51:55 PM
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
There is still time to buy a ticket. Bitcoin is going all-time-high and the least that people should be expecting is $100000. Bitcoin may not reach this price before halving but you should wait for some months after halving and you will be happen. Some people will be looking for bitcoin to decrease to a lower price before they will invest but bitcoin can disappoint such people after increasing more and more.
Yeah that's true, this disappointment will be very common when the price have failed to drop because as of the current price now, people are in doubt that the price will move up and waiting for the dip to come again so they can buy but that's a bad idea because we know the last ATH was 69k and we all know for sure that the price will blast that figure so why not buy now and continue buying till it reaches the 100k threshold and even possibly break past it because there is no fixed amount for it to reach come this bull run.
740  Local / Nigeria (Naija) / Re: How Does popular economic trends solve real life problem? on: February 20, 2024, 06:47:05 PM
Everywhere is currently flooded with the price of the dollar and fuel rising too high that has directly affected the price of foodstuff and so many things in the market and BTT is not left out as so many threads is now centred about our current economic situation.

My question is, how does this whole trend help reduce the price of dollar?

Wouldn't this public talks about how bad our economy has become tarnish our image and reputation in the public space? Or could it possibly make our leaders more concerned and set up strategies to help reduce the hardship on the citizens?
Bro wat are you saying sef so are you saying that Nigerian should hold back on the happening about the state of the economy being rubbish by these set of people in power? The thing is that the country is bad and when people speak out it's good because that's the only way the people in power can possibly know that they are actually doing something wrong in the country because from their taught it's all well since they are not being affected by the state of bad economy the nation has.
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