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761  Bitcoin / Bitcoin Discussion / Re: Startup says it can access $235M in locked bitcoin — but owner says ‘no thanks’ on: October 27, 2023, 08:00:19 AM
I guess my question is, why would someone want to own a device that self destructs like that? More often than not, the only thing its going to cause is a huge inconvenience to the person that owns it. This isn't the first story I've heard like this either.

Maybe we should assumed that then, people were not that exposed on various means to safekeep their bitcoin on the wallet, probably only few understand the difference between the various wallet kinds we have and why they shouldn't use some by completely avoiding them, secondly, the means used in backing up his password isn't secured enough, backing up on a paper can easily get destructed, then there were no advanced research like the use of washers, metalic iron sheet, stainless steel or over means to safely secure the password or seeds.

I think this type of device has gone out of style though but i could be wrong.

It may still be in existence, but by now, people would have just understand the reason why it's not safe for their use when there are better alternatives.
762  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: October 26, 2023, 05:21:35 PM
People are making a successful enterprise in gambling business because they understand the required ways to manage such to the level of self sustainability, it's not about having the money to make a career in gambling, you have to have the basic and fundamental knowledge about gambling, this will help on every decision making process they are into and all their actions will lead to a profitable experience.
763  Local / Nigeria (Naija) / Re: Bitcoin gives hope. on: October 26, 2023, 04:40:13 PM
Bitcoin is targeted for everyone to use and benefits from its adoption, it's just a little saddeness that some are not seing this as a possible solution to their financial situation, i have a list of how some people take bitcoin to be, maybe some are this are why they aren't having any experience of changes in their overall life because they aren't trying out new ideas.

1. Some Invested in bitcoin but lack the understanding of what are their expectations after investment.

2. Some dislike bitcoin naturally because they think it's a digital means of scamming others because of their past experience with online scams.

3. Others took their bold step in taking another risk to trust bitcoin and Invested over years, they are now somewhere probably rejoicing over their first decision on taking a risk with an alternative digital currency which is bitcoin.

Irrespective of whom we are, we still belong to either of these three categories, our determination for taking risk has more advantage if we are taking in consideration bitcoin and not other cryptocurrencies at first place, it may take time but we will surely get there.
764  Other / Beginners & Help / Re: A brief explanation of bitcoin ETF on: October 26, 2023, 04:09:08 PM
I'm seeing numerous news channels uploading news on bitcoin ETF since the recent increase in price of bitcoin. What is it about? Searched for existing definitions and answers here but wasn't satisfied with the 2011 thread I read. Why is it not approved by the government officials? Thanks in advance.

Those that are in charge of ETF are the government officials, Securities and Exchange Commission, they made approval or rejection over the use of bitcoin as a spot ETF, which means that organizations under their authorities need their access to be approved for using bitcoin price on their stocks and bonds market values in which what determines that will be the level of how the bitcoin market is, SEC didn't grant approval because they feels that they don't meet the requirements for such or having other reasons against the application on bitcoin spot ETF.
765  Bitcoin / Bitcoin Discussion / Re: IBTC ticker of Blockrock is still listed on the website on: October 26, 2023, 03:07:22 PM
Yesternight, the website was down due to some overloading maybe but now when I opened the list and searched the ticker, it was listed there. I mean, what is going on here? Is it some kind of prank, or did the website get hacked so that the ticker was removed from the list by unauthorized actors?

Normally, we expect things like this to happen because hackers will always want to take part in features like this, the media will also wanted to make their own fame and sales as well as numbers of clicks with news like this, but whichsoever comes by, we are all ready for them all, if the delisting leads to the attack or it was an attack that leads to the delisting, everything will soon be cleared off, bitcoin must rise, irrespective of the news they've got.
766  Bitcoin / Bitcoin Discussion / Re: UK passes bill to enable authorities to seize Bitcoin used for crime on: October 26, 2023, 02:30:49 PM
I saw this today on Cointelegraph: https://cointelegraph.com/news/uk-bill-seize-bitcoin-passed

Who is seizing stolen and bitcoin used in illegal activities before in United Kingdom?.

Aliens?  Grin

Thesame thing goes to US as well, not only UK is found with this, what are the account on stolen and recovered bitcoin asset recovered, the US claimed they are releasing back to the bitcoin network while some claim they are selling them out in auction, now it's UK turn, has there never been any record of ceased bitcoin before now from hackers or exchanges, what has been happening before now with the issue of their AML agencies, what are those asset used for, who are the unauthorized people in charge before the released of this official statement.

Remember once it's nit your keys, it's either governments or hackers bitcoin.
767  Economy / Gambling discussion / Re: Cash out or keep playing? on: October 25, 2023, 02:29:44 PM
I came to discovered that those that cash out and save the money always experience joy in the gambling center because, they don't allow anything to move them again at the moment than to be the one telling other gamblers what to do to achieve the same victory.

It is a normal thing to act properly by cashing out after a mysterious win, but because of greed, some will always think about having more attempts for higher win, this is what lead them to loosing their entire money without knowing, there's this particular insatisfaction in us that we may not know it's affecting our life, not until we made a huge mistake like in this case and have to regret taking such decision instead of cashing out and leave, same thing applies to those that are loosing and continue gambling with the mindset of having a recovery at the course, untill they realized they are way too far on loss.
768  Economy / Gambling discussion / Re: Just like visiting a cinema on: October 25, 2023, 02:06:15 PM
This have been discussed few times before and someone have to do it again maybe often, for those of you looking to become a gambler what is your motives behind it? To make money? Or to have some fun?

People are now gambling because they needed the two altogether, they wouldn't want to prefer one and leave the other except for those who already have their money but willing to make fun out of gambling, they may not take winning or making money a serious task to do.

Why not treat casinos the same ways like you are going to the movies or bowling? You are simply paying for the experience and the entertainment, it's either you enjoy it or you may not, can you feel me? You don't know how bad a movie can be until you watched it, so....

Cinema in this context is another different thing entirely, people knows what they want and they cannot reason that way except if they are not financially challenged before gambling, such a way that they are not running after winning to make money but gambling only for entertainment.
769  Local / Nigeria (Naija) / Re: DCA BTC-USDT- ₦ my current formula due to Nig situation on: October 25, 2023, 11:49:10 AM
this thread discussion should be focused on the statistical analysis of the current market situation and how best we can apply the DCA approach to stay at gains using the naira vs the USDT and thereafter USDT vs BTC.

As we can see that the market is fast rising in exchange rate of usdt to naira, this means taking opportunity to get an investment opportunity in USD will be of great benefits because by next week now we don't know what may turns out on the exchange rate, the idea is on two basis now, exchage rate is fast increasing and then bitcoin is also pumping in price, this is my own take in this present situation, if you're going long then take advantage in making investment as you can afford, if you're into trading, DCA is the best pattern to go about for now because you're going on a short position.
770  Local / Nigeria (Naija) / Re: Bitcoin price speculation (BTC/NGN) on: October 25, 2023, 11:03:29 AM
For the benefits of those that earn in USD, they are a way forward because they will emerger this same increase on the value of their money when converted to naira, but considering those that does not have a means of earnings in USD and only depends on naira to exchange it for USD, they may suffer in buying imported items because of the inflation rate, those that are badly affected are the average Nigerians who does not make use of USD in buying and selling but only depends on naira as their earnings.
But as naira value declined, there is persistent rise in the price of goods and services. Which means that those that are earning in naira will also have no option than to increase the price of the goods they are selling or the services they are rendering. Those that earn in dollar will first be happy, but the increase in the price of goods and services makes it like they do not make any profit. The people I always think that might be affected are people working under someone in a way the boss will not increase their salary in time. For buyers and sellers and people that are collecting wages, they increase the price of their goods and services asap.

You're right, at the end, everyone remain affected either directly or indirectly, just that the in-depth of how we are all being affected differs from each other, that aside, still on this exchange rate, today am able to discover that naira isnfast going to dunghill if care is not taken and this time, am seing that $1 = #1,279 what exactly is happening, with the rate it's going, we are heading towards #1,500 per dollar if care is not taken before the end of the year, i wonder what the government are doing, instead of things getting better, they are rather going worst with he economy, are the people to be blamed or the government.
771  Economy / Gambling / Re: Slot Educational on: October 24, 2023, 05:09:09 PM
I think slots can attract anyone easily because this game is also the most played today, but people have different principles, some really want to play gambling, some play just for entertainment. But most people playing gambling consider it as the main income in their daily lives, of course this is wrong, because things like this will ruin their lives in the future, unlike people who play just for entertainment.

Even beginners will regret it if the first game loses, and return to play with the ambition to return the defeat and continue like that, this is where the addiction to playing slots begins, people who cannot control themselves will be worse than people who can control themselves by playing just for entertainment. There are indeed or many people who are successful because of slot gambling, I just think that they win because they are lucky, and the luck they get is not small so they can be rich or successful because of luck. So in my opinion slot gambling is just about luck there are no tricks or patterns to get big wins that can change someone's life.
Yeah slot games is one of the most popularly played games by both beginners and expert since slot games doesn't require much skill to play them and with a level of luck you can sure easily win in slot games,  but just as you have said,  everyone have their own preference for games that they play mostly essentially while gambling,  slot have been one of the oldest but lately,  there have been some latest games development that seems to give more excitement than slot and still require less or no skills to play the such as dice,  balackjack spins and the rest of he new games that give so much winning at some point and requires just minimal input from the player.

Winning such games will require the player to build up some level of consistency and not giving up even though their first attempt may result into loses it still will be preferable not to go in all too much just to chase it,  give time and try recover from the lost gradually without trying to rush things.

Despite the simplicity in playing slot, there are other challenges it may also have against other types of games because we cannot concluded that every games onky have their advantages while denying their disadvantages, as you've said, people will like playing slot because it's very simple to play even when ome has little experience, but the most common likely possibilities is a frequent loss while playing being a beginner or newbie except when one goes through the education aspect in learning about some logical tricks involved in playing slot.
772  Economy / Speculation / Re: Buying at 35k? on: October 24, 2023, 04:34:09 PM
Hallo people,

I bought some bitcoin at 26/27/30 and 31k. all profit so far, I am thinking about buying more, but is 35k te expensive to buy bitcoin?

No, 35k is not that expensive to buy from, consider two things from this regard, we are approaching the next Halving soon, bitcoin market is pumping it way out of the bearish season to a bull market season, then lastly, you have to consider the last all time high and compare it to where we are today, bitcoin market is just on a rising to maintain strong resistance against bear, if you buy and hold, it will be your own advantage.
773  Economy / Trading Discussion / Re: Bitcoin 10 Years Ago: Crossing the $1000 mark / Lessons Learned on: October 24, 2023, 04:07:44 PM
If you're comparing bitcoin in 10 years ago to what we have this present time, you will discover there's much to discuss regarding that because bitcoin has always been a well consistently performing digital currency over the years, take a look at the market price, the market cap, it's volatility and diverse opportunities that got birth through this digital currency adoption, see to the trends and look on how it moves from $100 to $1000 and thereafter on how it has been over $10,000 to its all time high of $68,000 and also how we are moving hence from there to a new ATH after next year halving.
774  Other / Beginners & Help / Re: I'm new here on: October 24, 2023, 03:33:23 PM
Good day Bitcoin talkers, I'm new to the forum and  cryptocurrency world in general and I will love to explore the Bitcoin world and this forum also.
So I will appreciate any write up that I can read to kick start my journey here thanks!

Before you can welcome yourself to rhe forum, first read the rules and regulations of the forum and see that you can abide by them, secondly don't plagiarize, lastly, ream more than posting being a newbie, you have alot to learn and discover about this forum and bitcoin, i have some additional threads that can help your journey as well.

bitcoin history
https://bitcointalk.org/index.php?topic=5438353.0

everything you need to know about forum rank, activities and merits.
https://bitcointalk.org/index.php?topic=2766177.0

posting etiquettes
https://bitcointalk.org/index.php?topic=5184741.0#post_altgiveaway

Beginners and Help Encyclopedia
https://bitcointalk.org/index.php?topic=5364418.0


775  Local / Nigeria (Naija) / Re: Bitcoin price speculation (BTC/NGN) on: October 24, 2023, 02:50:41 PM
Well it is really a good and sad news at same time because the increase in price of bitcoin is also gonna affect other coins and moreover for us in Nigeria you know what it gonna mean, our naira will still depreciate and the prices of goods, commodities and services will still skyrocket so the more you earn the more you spend as well, well it's a good news for those of us that stored bitcoins in our wallets
I understood what you meant by the more you earn in naira the more you spend, but the depreciation of naira price has nothing to do with the price and value of bitcoin and altcoins that are increasing. Nigerian government are incompetent enough to let Nigeria have good economy that would be enough to make naira not depreciate the way it. For those that have money in bitcoin already, they are not affected but benefitted.

For the benefits of those that earn in USD, they are a way forward because they will emerger this same increase on the value of their money when converted to naira, but considering those that does not have a means of earnings in USD and only depends on naira to exchange it for USD, they may suffer in buying imported items because of the inflation rate, those that are badly affected are the average Nigerians who does not make use of USD in buying and selling but only depends on naira as their earnings.

Every other commodities in the market will inflate in price while there's nothing increasing from what they are generating as salary or overhead income, if this prolonged then we may be scared of getting an increased poverty rate together with many forms of crime which the average youths may engage in other to make their survival through, government should look into this because the poor and average citizens are the ones bearing the cost to this.
776  Economy / Gambling discussion / Re: How often is your luck in gambling? on: October 23, 2023, 04:27:15 PM

There is no luck exist in the gamble. If you work porperly you experience will increase and make your winning level high. There is no luck exist in gamble. Your hard work and experience help you here luck matters but experience needed.

There is an element of luck in the gambling system despite the experience because so many gamblers are experienced and old timers in it but not all experienced gamblers are lucky and successful in winning there games because if they are then the casino companies would have packed up. Gambling involves luck and no doubt about that despite our experience and good research before embarking on betting.

A gambler who is not favoured by luck will lose more than win.

Talking about luck in gambling, everyone is free and entitled to benefit from having luck but not all have the experience of being lucky each time they are gambling, if we are to pay more attention on how lucky we are in most of our gambling experience, we may got discouraged when we discover it's nothing to write about because each time we are gambling, we are more likely to loose than to win, also we should know that gambling is not a win-win game, we are doing it because we wanted to have fun with ourselves each time we are gambling, which means that we should be less concerned on wether we win or looses each time we are gambling in other not to feel depressed.
777  Economy / Gambling discussion / Re: Referral bonuses are waste of time on: October 23, 2023, 02:40:22 PM
well I understand your points. I believed referral bonus is given to someone when the customer refer the site link to a friend. And I have been receiving such email from casinos but I ignore them. While welcome bonus is the one we get when registering to a new casino site but I registered to a casino recently which promised me to to give welcome bonus but I didn't see anything. That is not withstanding. Many gamblers join some casinos because of the bonus while some abuse these bonuses. Though some use it to win big, that is their luck.
You are very correct but then not just a refers bonus given to a gambler when someone register through the link,  but also it goes further to as how much wager does the gambler downline have and what becomes of them at the end of the month and in total it is paid out to the gamblers monthly,  so that becomes both referral and affiliate.

So much so the bonus is or subject to wager requirements like the welcome bonuses where you have to wager it at the end of the day which will increase your own risk.

You're both right, in going for referral bonus, there are set terms and conditions provided for anyone who is interested in going for this in gambling, we must first see to this terms and conditions before going for the referral bonus, also the level of the outcome of what we did will determine the rate of the reward we will be given base on the agreement on their policy, the harder we work for them in referring people to gamble the more likely our chances of getting more bonus, so also it applies to our downlines in some cases.
778  Other / Beginners & Help / Re: First bull run - how to not sell too early? on: October 23, 2023, 02:04:23 PM
Any advice or individual plan when it comes to selling in bull run?

It is very important that we should know this that we aren't yet in the bullrun season, the market may be going bull for now that things are pumping well and as expected, we should also bear in mind that anything can happen at any time and we see little of bear market than we expect before we eventually launch in for the bullrun drive after next year halving, now is just a period that the market is in favour of traders and not even the long time holders because we are faraway from bitcoin all time high of $68,000 and we expect the market to continue pumping like this till we get to where we are heading gradually.
779  Local / Nigeria (Naija) / Re: Still a newbie/novice. on: October 23, 2023, 01:27:08 PM
Good morning to you all my naija people. I registered a year ago but couldn't meet with all the forums activities due to Ill health I was battling with for 9 months. But am better now and am seeking all your support in guiding me through the activities of the forum so that I can succeed like all of the great minds here. Thank you all. Humbly waiting for your guidance please

Welcome back to the forum, most if the vital and crucial aspects have been provided for you already, you can decide to make use of your quality time in learning while going through some of the recommendations already provided with their links, now the journey had just befin for you, take your time to read and learn, don't be too forward, follow the instructions, you have the aspect of the forum to learn about, then bitcoin itself which is the major reason for coming here should also be your priority to spend time learning, i have a few recommendations in additions for you here.

posting etiquettes
https://bitcointalk.org/index.php?topic=5184741.0#post_altgiveaway

everything you need to know about forum rank, activities and merits.
https://bitcointalk.org/index.php?topic=2766177.0

bitcoin history
https://bitcointalk.org/index.php?topic=5438353.0

Beginners and Help Encyclopedia
https://bitcointalk.org/index.php?topic=5364418.0
780  Local / Nigeria (Naija) / Re: Supreme Court Justices a Shame or Praise on: October 23, 2023, 12:13:29 PM
What you should first considers in relating with the affair of the court of Justice is by first considering the numbers of court cases they had managed to judge well ultimate fareness to the numbers if court cases that have been done out of personal interest, as we all know, that at the court if Justice lies many witnesses, experienced individuals and other reputable judges to al witness the fairness of any judge caee made, i also believe for someone to have attained the position of being the chief judge, such individuals must have passed through alot in test of time to have being found approved

If we can't have enough confidence in the supreme Court of Justice, then where else can we go to have the right vindication over a court case, we don't have to think that cases in this regard is only applicable to our own country alone, this is a common and global challenge we can have with any country, anything that has to ro with government and the political power may actually not carry the same weight of Justice as expected except when a centralized authority is not involved, however we cannot force some things to be than allowing nature to fight back against every injustice orchestrated by those in power.
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