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November 01, 2024, 10:22:57 AM *
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741  Economy / Economics / Re: Is Inflation Necessary on: April 26, 2024, 07:30:39 PM
The bitcointalk forum is comprised of diverse people from all over the world. Our countries' must have gone through inflation as a nation at least once or more since its history. As a refresher, inflation happens when the prices of goods and services rise and people can no longer afford those items because the country's money almost becomes useless. But is inflation needed? Why can't we just keep the currency at the same value? And why does it only happen to money? For example, the same wouldn't happen if we used gold as a currency instead. Is inflation a ploy that the government uses so people don't get rich off of savings?

Almost every country experiences inflation at some time then later on they bounce back but it mostly happens to countries that have good economic system just that at some point due to mismanagement of the country's Treasury by a particular government and continuous importation of foreign products may lead to inflation because as they are patronizing foreign products that's how they are giving more value to that country's currency. Just like the question you asked, it has always been the problem because sometimes a country's currency depreciates and also appreciates can't this currencies just be at a stabilize value? This is the more reason why we should embrace Bitcoin because it will be the end to inflation.
742  Economy / Speculation / Re: Every moments of bitcoin value is appreciable for investors on: April 25, 2024, 04:57:13 PM
I know you can buy at anytime in the market, but if you are buying for profit making, try to buy in the bear market which is the best season to achieve your goal in the future, and you will not be afraid to always use the bear market to buy and sell in the bull market to remain in profit making.
Saying that he should buy at bear season means he may end up not buying at all because the bear season may not come anytime soon and the more he keeps on waiting for a dip the more likely he may spend the money he wanted to invest with. All he needs do is just to Buy and Use the DCA then when a dip comes up he can buy more Bitcoins and add to his portfolio.
Those who always wait for a dip are mostly people who are into trading because they are always after the short term profits.

Quote
The price of BTC is dumping from the market and, I guess this dumping will make the price to hit $20k low before the price will begin to change to pump higher to make people to feel the bull season that will lead to $100k soon.
You sound contradictory here because basically when the market pumps some hodlers sell their coins and a dip occurs then those that are waiting for a dip buys at that material time and the price pumps again and when there is heavy inflow the price skyrocket further so with this chain reaction the market becomes so compouded during the bull run because new investors will be moving in to the market to make investments and within that period the price continues to surge higher therefore the bull has already occurred.

743  Economy / Speculation / Re: Is It Time to Buy More BTC? on: April 25, 2024, 04:03:56 PM
I also think this price drop may present a good buying opportunity for someone looking to DCAing and I'm also looking to buy more BTC especially since BTC's price is low and there's zero fees on Bitget. Of course, as with any investment, only put in what you can afford to lose. 

So, even if it dips further short-term, history tells us Bitcoin tends to go up in the long run.
Dip doesn't give any advantage of going for DCA because you can make your first entry at a dip price and before the next DCA the price skyrocket, dip is just and opportunity to purchase more Bitcoins even if you are still DCAING. Some investors prefers going an all on a dip and just leave the Bitcoin in their portfolio why watching the market prices.
However, dip or no dip bitcoin investment is always more profitable in the long interval of time.
744  Local / Nigeria (Naija) / Re: Can govt. be more transparent if Blockchain Technology was to be adopted? on: April 25, 2024, 03:33:46 PM
Blockchain technology no go solve our problem as our problem big pass this one, for country wey people come out say na rat, snake, monkey and so on chop money yet nobody do anything. Country wey we dey openly see say politicians dey embezzle money and nothing we fit do to question them, na that same country wey you dey think say blockchain technologies go help? Countries wey no ready to help itself nothing fit help am, other countries are doing it without the help of Blockchain technology so we first need to get things rights before technology go come enter and make am better.
It's very obvious that our government don't have the interest of her citizens at heart that is why they always bring up different means of cooking up stories to their taste even when the public do not totally agree to their fallacy. Now how long shall we continue in this perpetual bondage and unkind treatment by our leaders because everyone is quiet now without thinking about the damages this practices will bring to the upcoming generation because they will believe it is a normal thing to embezzle public funds and get away with it. Very bad our leaders have changed our governing system.


Quick question; if nah you dey in the shoes of the government officials and you dey chop money Wella, you go wan approve of something wey go expose you or limit your cash flow? Not possible. See e go hard before such a thing go dey implemented since e go make a way for them to dey transparent to the public and becos dem know say them dey embezzle funds, adopting something like a Blockchain technology is not an option.

In a normal sense what is the work of a government? Is it not to serve the people with honesty, even in the national pledge everything written there is about serving the country and not to embezzle public funds as most politicians are doing now after all they are paid salaries, if government activities were to be strictly checked do you think that many people will be interested in government again? Not at all because it is obvious that majority of those that are hungry for power just do so at their selfish interests that is why they spend so much money during elections with the hope that they would recover them when they are elected into office.

It's very bad that our political system have become so corrupt that no government is thinking about the welfare of the citizens anymore, they make laws, takes decisions without minding who it affects.
745  Economy / Economics / Re: Starting a business without capital. on: April 25, 2024, 03:02:16 PM
Is very possible starting up a business without capital all you need is your ability of pursuing success.
Affiliate marketing is a business you can venture into without capital and still make good money from it, even more than some businesses started with capital.
Affiliate marketing is the process by which a person earns a commission for marketing another person's products.
All you need to start this business is good communication skill in other to sell the product of the other person and get a commission for doing that.
You can decide to market product of different company or person's at same time by doing this you are sure that everyday someone will buy from one of those product's there by making money every day.
When you become an expert in affiliate marketing you will start making profit every day of your life.

So have you started a successful business with affiliate marketing yet? It sounds easy, but when you start you will see that everything is not as you imagined. But affiliate marketing is also a great environment for people who don't have money but want to try their hand at business. It will be a great experience for you to gain more experience on your path to becoming an entrepreneur.
I'm not saying this is bad, but I would rather work hard and save money to open my own business than join this affiliate marketing model.
When starting a business you will face difficult time's, there are people who started small and today they are making it big in affiliate marketing.
Do you think saving up money and starting your own business will grantee a successful business you still need to work hard if you want that business of yours to grow same way you need to work to grow in affiliate marketing.


I understand your point, basically starting up any business at all is difficult till you become known and offer quality services before people can start coming to patronize you despite your location. Normally, Affiliate marketing is not a bad business to venture into but it requires a lot of work and time for you to convince people to patronize a business that you didn't own and sometimes, you may not be familiar with such business but due to the fact that you want to earn an income from it, you spend so much time to learn it and also learn how to relate well with your customers. The most challenges encountered by affiliate marketers is in a case of a bad market or maybe someone made a purchase and later discovers that it is not of good quality as you said of it, in that case you have lost the trust of that person and in a case where anything goes wrong, you will be the principal person to be held accountable.
746  Bitcoin / Bitcoin Discussion / Re: Please, I urge you to buy bitcoin! on: April 25, 2024, 09:26:53 AM
Bitcoin is sure freedom because everyone is entitled to own it, secure it, transact any amount you want to, decentralized, digitized, everything is seen by all (transparency) through the Blockchain Technology, no manipulation and above all the currency we all have been waiting for, it's nice being a hodler.
747  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto's last message on: April 24, 2024, 10:05:07 PM
Please you guys should not misquote me in the ''unfortunate" word i used in the OP, I wasn't referring to Satoshi Nakamoto as unfortunate but rather i am referring to myself that it is so unfortunate of me that Satoshi is not available to answer my question.
748  Bitcoin / Bitcoin Discussion / Re: Satoshi Nakamoto's last message on: April 24, 2024, 04:42:38 PM
If you produced a car, must you be there before anyone can be able to ride on such car, what is the essence of the manual and those who are experienced in driving to teach you thill you understand, if you're expecting that Satoshi should think and act as you do, then you're completely wrong because he made bitcoin for everyone to use and is there somewhere probably watching every human efforts and activities towards the adoption of bitcoin, as you can see, people are adopting continuously without having to encounter seeing Satoshi.
You just made me smile, you made a lot of sense anyway because inventors do introduce things and even die off the surface of the earth not to talk of someone who said he want to focus on other things. So he still wants to be more creative and innovative that is why he wants to try something new.

He also have other things which he plans to achieve, just like he created bitcoin. He does not need to stay focus on bitcoin anymore, because he has created it and left it open for anyone who is interested to work and improve the technology for better security, which we have people doing that already. Moving to other things like he said shows that he gat a lot to do as someone who has great innovation. Bitcoin is speaking for itself and doesn't need any advert.
Sure he has other things to achieve and he must be someone of great intellectual capacity that is why he also want to focus on other things in other to bring more solutions to human's problems. Wish he can create something as innovative as these again so that we can take path in more of his innovations.

Let's all be thankful that Satoshi created this innovative technology that probably changed the lives of majority of the people who know and take advantage of its uses. It can either be a currency; or as a form of investment.
That is the most important thing, creating this modern day digital technology is the best thing that happened to anyone in this 21st century because it will surely stand the test of time and our upcoming generations will inherit this innovation and be proud of us that we also took part in it's success too.
749  Other / Off-topic / Re: When will you be comfortable to start a home. on: April 24, 2024, 04:09:48 PM
So that everyone can share their opinion on this topic, ai will the question in two different ways. For the single people and people who already have life partners. For the people with life partners already, at what stage economically where you before you decided to settle down with a partner? Did you already have a stable source of income or your source of income was not very stable. For single people, when will you get married? Can you get married with an unstable source of income or you will wait till when you are very financially stable. Please share your personal answers.

 I'm looking forward to setting up my own place when I've got the cash saved up. Right now, I'm stashing away money with the goal of getting my own house. It's not that I'm against my partner, parents, or siblings having their places, that's awesome for them. I just really want that feeling of having my own spot, you know? Saving up is the game plan for now, so eventually, I can say, 'Yep, this is my place.'

You have a good ambition because some men doesn't even think about comfort, they just want to settle down with their partner in either a rented house or their parents house which is a very wrong decision because as married couples, staying away from your parental home will save you some insults and embarrassment from your family and staying at a rented apartment is not also too good because in a case where you don't afford to pay for your accomodations will also result to some embarrassment so there peace and joy in having your own home so i encourage you to work towards your goal and you will achieve it.
750  Other / Politics & Society / Re: The best way to fight insecurity in our society on: April 24, 2024, 03:59:52 PM
The world have been using war to fight insecurity, wasting economic and human resource but it seen insecurity is increasing on daily basis. I think war is not the best approach to insecurity. If we want a society free from security challenges there should be equal right and justics, any government that cannot solve the issue of security for 24hr has hand in the insecurity problem facing the people. One of the things that can also eradicate insecurity in our society is to improve on our economy and create adequate social amenities and jobs creations especially for the youth.
I go in contrary view to what you said about any government who can't handle security issues within 24 hours having a hand in it because some opposition parties in some countries uses terrorism and insecurity to endanger the administration of the current government just so that the masses may see the government as incompetent and ask for their resignation, this kind of evil practices are mostly done by some selfish leaders that doesn't have the interest of the masses at heart because they don't care about the numbers of people that goes down just for their selfish reasons.
751  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: April 24, 2024, 03:08:26 PM
Im still thinking PSG chances are really high, for a few things which I'm gonna write below.

First of all they have a super coach like Luis Enrique.

Having a super coach doesn't mean a team can play well because they can have a super coach and his coaching styles may not align with the players so in that case the team may not make progress. When PSG played against Barcelona in their returning leg, I saw players who were devoted to making sure that they take the team to the next stages of the champions league because at first when the champions league started, PSG were receiving a lot of criticism due to their poor performance but after their match with AC Milan in the group stage matches, they picked form and ever since then, they've been performing better.
752  Alternate cryptocurrencies / Altcoin Discussion / Re: Why'AltCoin and related projects mostly been promoted by lower rank memebership? on: April 24, 2024, 02:22:30 PM
I don't know know if it's as a result of not being reputable projects that's why the trends in the forum is not being influenced by higher or respectable memebership ranks in the forum.

You should know that despite having a section for altcoins discussions, this forum was meant for Bitcoin discussions only but the reason why the altcoins discussions section must have been created is because Bitcoin is also a cryptocurrency and other cryptos often referred to as altcoins, shitcoins, meme coins also follows after Bitcoin so there are users in the forum that have a broad knowledge about Bitcoin and also invest in altcoins.

Not only high ranked members but majority of forum members doesn't visit the altcoins discussions session because their interests in mostly towards Bitcoins and nothing else. Some others who also stays away from the altcoins discussions may be victims of either getting scammed or they invested and lost all their money on altcoins so those kind of people doesn't near anything altcoins related discussions.

Moreover, if you also navigate through the altcointalk forum, majority of discussions there are also about altcoins discussions and only few talks about Bitcoin there and majority of the people discussing about Bitcoin over there are basically people that either teleported their accounts to the altcointalk forum or they moved out of Bitcointalk forum and finds the altcointalk forum more convenient for them to dwell in.

In summary, majority of BTT members don't find altcoins safe enough to invest in that is why they pay less attention to altcoins discussions, in other words altcoins are not reputable projects to invest in.
753  Bitcoin / Bitcoin Discussion / Satoshi Nakamoto's last message on: April 24, 2024, 01:33:43 PM
Satoshi's last message before his disappearance was that he has 'moved on to other things'. Now my question is this, if actually Satoshi Nakamoto saw a good vision of what Bitcoin will turn out to be in the future, why then did he decided to move on to other things instead of focusing more on the Bitcoin project to make sure that he also took part in achieving the adoption of this digital currency? So unfortunate Satoshi should have been the one to answer this question.

I've moved on to other things
754  Local / Nigeria (Naija) / Re: Nigeria’s central bank forced to deny claims of crypto account freeze on: April 24, 2024, 01:05:45 PM
Though it is a fake circular but I have already said it before that the government cannot continue to witch-hunt those that are into cryptocurrencies because it is very late for them now because crypto awareness have gone vast in the country such that even if they will achieve bringing those into cryptocurrencies down, some others will still be in the system without being caught but i continue to imagine that what was the need of lifting the ban they placed on cryptocurrencies if they will still be going about making things become so complex for crypto Enthusiasts and crypto entrepreneurs in the country?

Okay now that they have succeeded in bringing Binance to a hault, are they also trying to move over to other exchanges as well? Just like the news on this thread After Binance: BYBIT and BITGET how long will they continue to look for solutions in the wrong places?
755  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving Event [2024]! Reality on: April 24, 2024, 12:44:18 PM
Before the Bitcoin Halving event of 2024 in 2023 we were happy and enthralled as we all were expecting a massive bull run like 2021 post halving. Before the halving, we saw a small but good bull run due to the Bitcoin ETF, which none of us might have anticipated as the demand for Bitcoin suddenly increased through ETFs. We did notice that Bitcoin broke its previous ATH and soared above $73K. Everything was going well and we expected to see another bull run but..
You need to understand that even before the approval of spot Bitcoin ETFs, the market was already bullish and this triggered the price of Bitcoin to create a new ATH after ETFs were officially approved so after the post halving, it wasn't bullish again as expected because it has already experienced it in pre-halving times.

Quote
Reality:

The bull run will happen when it wants to but the miners are having a good time post halving as the transaction fees are now insanely high due to the network congestion. The block rewards have come down from BTC6.25 to BTC3.125, but that will not hamper them as the fees are hovering from 120 sat/vB to 800 sat/vB. Imagine someone who wants to transfer $20 worth of Bitcoin, will it be possible to make such a transaction at such high fees?
Sure miners are f*cking making a whole lot of profits now that transactions fees have became unbearable as a result of too much congestion in mempool.

Quote
What to do now?:

I understand it is an ongoing issue but what is the solution to this issue? Will those spammers namely Ordinals stop spamming the network or it is a new thing that we as a community now need to adapt? The whole concept of Bitcoin adoption gets a big jolt due to the high transaction fees. There is a layer 2 solution for Bitcoin, but that is not as easy to use as other layer 2 solutions on a different blockchain.


Ordinals may not stop spamming the network anytime soon so the congestion continues but this should be the best time to hodl because it is really hard to pay high transactions fees now more especially those that want to make small transactions, so hodling for now is the way out till when the congestion becomes less and transactions fees reduces.
756  Local / Nigeria (Naija) / Re: Can govt. be more transparent if Blockchain Technology was to be adopted? on: April 24, 2024, 06:30:47 AM
How do you mean if blockchain technology was adopted? Do you mean if it's an approved means for payments in the country or if the government could alternate a revenue sources on the blockchain?

What I mean is if government can create a platform as similar to how the Blockchain Technology works such that everyone will have the liberty to see how public funds are being disbursed to every Angle of government in order to check mate the transparency of the government such that it will not be easy for them to manipulate anything reason being that everything is visible and accessible for everyone to see how the government is being runned, that's what I mean.
757  Local / Nigeria (Naija) / Can govt. be more transparent if Blockchain Technology was to be adopted? on: April 24, 2024, 02:59:04 AM
Sometimes I do reason that our government have been manipulating revenues that are generated by every parastatals in the country for so long now and they will just come out and be giving their own analysis even when they are inaccurate because they use these mediums to embezzle public generated funds and afterwhich they will come out to make baseless claims on how the revenues are being spent or distributed to equip social amenities and bring the dividends of democracy closer to the people when will all knew that they are mare fabrications and lies.

Don't you think that introducing the Blockchain Technology or something similar will make government become more transparent since the revenues that are generated and it's expenditures will be visible to all in the Blockchain? Let's discuss
758  Other / Off-topic / Re: One quote that changed mindsets/peoples mindsets for and to greater heights on: April 23, 2024, 06:22:01 PM
Ever felt the grievance of overnight success?
Multiple ventures didn't guarantee fast or overnight results for some if not most people.....

Below is an invaluable resource or lesson or solution, call it anything effective!!

               You can't
                              have the
                       fruits
                              without
               the roots
By Stephen covey.

I believe this is also true for BTC, you must be rooted in the technicalities before having a good.head way. Which bitcointalk.org is helping so much


I understand this quote by Stephen Covey to mean that success is not achieved without a starting point of which it is true because some people just want results without working hard to get the results they desire, and this is part of the reasons why scammers are everywhere now because they prefer a short cut to manuever modules operandi.

It is very bad for anyone to eat without working and knowing how the food came about because if you are not giving the food one day you will go hungry because you can't prepare a meal for yourself and don't even know the source the food is gotten from.

Success requires hard work and resilience to meet up your desired goal, it is good to study about how things are made  just like you stated before someone becomes rooted in technical aspects of bitcoin they make thorough research and study and as time goes they become conversant by frequent practices.
759  Other / Politics & Society / Re: World situation can't go better If people stay same mind Also nature envoirement on: April 23, 2024, 06:06:17 PM
Perhaps world leaders try to bring us to total Crisis so we become better people after Crisis maybe nuclear war Will humble us a lot.

We Are not humble we are greedy selfish and bad i belive only huge Crisis can help us to become humble.
I guess they prepare us for big events the crisis what will humble us like wef said " you own nothing and you be happy" i guess they see that humans need to be more humble and rich Will be on Crisis the Same way like poor equal because when serious Crisis hit then no matter your wealth status we are all the Same.
Never you see war as the only way to equate the poor and the rich because even if war happens it will affect everybody but the rich will still be somehow better than the poor and it continues like that because we all are created differently, every one cannot be poor and every one cannot be rich too. Even though the rich in our society are greedy like not extending a helping hand to the poor and needy but some rich people it our society today even went through more harsh things before they became successful so it was never easy for them why trying to survive so it's not as if they got everything on a platter of golds.
The only thing that humbles mankind is death no matter how you think you can make a man humble you can't more especially one in power because they take decisions without minding the negative effects on their subjects.
760  Other / Beginners & Help / Re: How possible can a forum memeber visiting foreign local board here? on: April 23, 2024, 04:53:34 PM
There is no limitations to any board of the forum because there are also users from different countries that reside and earn a living outside their country and sometimes the get used to the common language over there and they can make contributions and also visit such local board so far as they know about discussions going on and can give their own opinion to discussions over there in the common language but just like other users stated, using translators just to maneuver to other local board is against the forum rules.
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