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781  Other / Beginners & Help / Re: It's nice to be back here. on: May 09, 2023, 05:42:15 PM
Two weeks ago I saw my friend on Facebook posting such luxury and cars he already has and I know that person is into cryptocurrency so I know that he got all those things because of cryptocurrency that inspires me now to continue my crypto journey and I will start it with this forum as I know I can have a lot of lessons and advice here.
Sorry to say but your second coming to bitcoin may just go the same way as your first and you thinking that you can just come to the Crypto-currency space to make money just like that will lead you to more loses, try to learn from your mistakes.

You saw your friends showing of wealth really what are you facts they were made of crypto-currency, and even if it was what did he do in crypto-currency to make such money, all I can see here is greedy and jealousy which is actually what scammers prey on. Go learn crypto and enjoy every process.
782  Other / Beginners & Help / Re: THE FUTURE OF AI ON BTC TRADING AND MINING on: May 08, 2023, 08:04:55 PM
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None of them is the **best**. No AI can predict what the market move will be next. Can the AI tell if $PEPE was going to make 3000x gains in a week? Nope.
Literally, no one can predict any market, you can speculate on the basis of previous moves when the indicators reached a particular point.
This says it all, artificial intelligence technology is very impressive but it won’t be one I would trust with my trades. Artificial intelligence bot are programmed and one thing that wasn’t added to that program is accurately predicting how the Crypto-currency trading market would go in the future.

Don’t seek for the easiest ways to make money it’s just going to get you lose money. Crypto-currency trading is a field that need you to actually learn how it works and understand trades yourself know your indicators, and very importantly when to stop loss and take profits.
783  Bitcoin / Bitcoin Discussion / Re: Bitcoin succeeds on: May 08, 2023, 07:38:29 PM
bitcoin price predictions, such as that of Balaji Srinivasan, are never certain and should not be regarded as such.  The cryptocurrency market is extremely volatile and prices can fluctuate greatly in a short period of time, even without any specific forecast or news.  Therefore, investment decisions should be made on the basis of a detailed and thoughtful assessment of all relevant factors, such as the economic, political and technological situation, as well as an assessment of personal risk and profit opportunities.
Price prediction are just analyzed possible price of bitcoin in the future and one thing that they don’t take into
Consideration are the event that can having in the future before the said date of the price prediction.

The market can be affected by lots of factors. Factors like demand and supply and even external factors like Crypto-currency happenings, News , Governments threat or plans, whales manipulation and so much more. I always try to read up a smart price prediction but I don’t let it fully determine my next crypto-currency move without do my own research.
784  Bitcoin / Bitcoin Discussion / Re: How long the high transaction fees will last? on: May 08, 2023, 06:05:49 PM

I advice you to make deposits now for future betting, as it seems that we are going to face expensive transaction fees for quite a time. Probably until we get another trend on cryptocurrency market. Right now NFT on Bitcoin blockchain are killing network and whole idea of Bitcoin. The situation is similar to expensive transaction in Ethereum network and popularity of DEX. That trend started to lose its power when metaverses were announced and people have switched their attention to it. Right now Bitcoin is following Ethereum path imho. So I see two options for you, make deposits now and keep balance on gambling platforms, or wait for months for lower fees.
I also have this feeling too. Any one that’s into gambling and would be playing any game in the nearest future should make sure they do so now.

I think the issues of the transactions fees would still persist for a long time now, and may even probably get worse so it’s best to do the needful now.
Many are speculating that the NFT on bitcoin network would vanish off with time. But I doubt if that would actually be the reality. People are getting more interested in NFT and this interest may grow until there is a crash.
785  Bitcoin / Bitcoin Discussion / Re: High transaction fees and businesses that accept bitcoins. on: May 08, 2023, 01:38:36 PM
For online business, people would choose to pay using altcoins because they're more flexible and altcoins fee are cheaper.
First I don’t think neither is it a better option for online business owner to make use of the Altcoin or accept Altcoin as a means of transactions in their business regardless of how flexible it can be.

#Value: the most valuable coin in Ethereum and going buy the fact that the source of this conversation was that Bitcoin transactions were high so is Ethereum transactions fee and this has been the case for Ethereum For a very long time.

#readiness: there are so many altcoins to choose from and the chances of having an address ready for any Altcoin  May be too low.

#stability: nothing is less stable than the price of any Altcoin so you as a business man may be making lose after  a customer must have made payment.

Rather than Altcoin I would rather suggest the use of stablecoin for now.
786  Bitcoin / Bitcoin Discussion / Re: How long the high transaction fees will last? on: May 08, 2023, 08:32:02 AM
Well I do gamble but just like you I use small fraction of bitcoin to carry out my staking on games, any time I win and the returns are quite considerable and tangible I with draw my earnings.

While withdrawing my earnings I try as much as possible to keep some fraction of bitcoin for future staking, firstly you never can tell the time you would see a good game to bet on (before you can send you funds to the gambling site may be too late) and also doing that can save you the headaches of transactions fees

But be guarded never leave much funds on the gambling site and always ensure to use legit and respected gambling sites.
787  Local / Nigeria (Naija) / Re: How would you invest N100,000? on: May 07, 2023, 08:23:35 PM
Well to be honest hundred thousand naira isn’t that big it’s about $145 but definitely it’s a good start but one this to understand in crypto-currency investing is try as much as possible to reduce your risk.

Many newbies Dey fail to understand this and them Dey go for cheaper coin that legit coins. Yes at first cheaper coins with the hope of the coin rising some day can seem to be a smart move, but in reality it’s very risky. So many coins has fell to dust and investors has lost their money investing in those cheap coins.

I would rather go for proven coin, a large amount of the money I would put in Bitcoin and the remaining part I would put in Bitcoin again. Bitcoin is the safest option especially when you hate taking risk. (This isn’t a financial advice always do your research).
788  Bitcoin / Bitcoin Discussion / Re: Bitcoin Has Taught Me to Dream Big on: May 07, 2023, 05:52:03 PM
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Unfortunately MLM's and Ponzi schemes have followed the technology and they too are using Bitcoin as a payment option for their scams... this is giving Bitcoin a bad reputation.... because the people invested in that... seem to think that they are invested in Bitcoin.  Angry
I don’t understand you mate how can someone think they are investing in bitcoin by giving their money to people running Ponzi scheme if that is the case then the person but be very dumb.

Investing in bitcoin is straight forward you can either buy from and exchange or peer2peer and then save the Bitcoin in your personal wallet, any one tell you to put your fund anywhere and watch you take profit every is a typical characteristics of Ponzi scheme scam. If it doesn’t fail immediately it would eventually.
789  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin the second stage in the path to a central global currency? on: May 07, 2023, 11:05:25 AM
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Bitcoin is a complex and brilliant creation. It contains elements of military software, and an appreciation of money supply and usage. I believe that it was created by the bankers to test and develop a digiutal payment service that they could control.
Using decentralized coin to get the attention of people only to come back with a centralized coin that would be used to control the global finances is like giving a kid candy only to lure the kid in for his broccoli.

This is a point of conversation because the originators of bitcoin still remains a mystery till today, many school of taught has said it was the CIA, Top government, we have even see a man come out to claim he is the one, now there is a possibility of bankers. The most regarded logic now is that it was Satoshi who was the originator of Bitcoin but even his identity is a mystery.

In my own opinion Bitcoin is too much of a sophisticated work of technology to only be used as a forerunner to a centralized coin. If that’s was actually the case then it wasn’t thought of properly.

The decentralized nature of bitcoin has giving many the opportunity and freedom they did not get from centralization and that’s among the core reason Bitcoin got this adoption.
I don’t think any centralized coin would change peoples mind to come back to it so personally I believe the unicorn idea would be a failure.
790  Bitcoin / Bitcoin Discussion / Re: The world and bitcoins: the matter of global acceptance on: May 06, 2023, 08:36:52 PM
Bitcoin and many other cryptocurrencies are meant to be decentralized, meaning that no single authority controls them. That's what makes them so unique and trustworthy. Introducing a centralized institution to oversee new projects could be seen as going against that principle. Any solutions to address scams and fake projects should be done in a way that doesn't compromise the security and integrity of Bitcoin.

The system is already getting compromised, as we know now that there are many centralized exchanges and those  centralized exchanges has huge amounts of users.

The issues is not about an entity Trying to make bitcoin centralized the real issue is that the centralized is already taking place right in front of us.

We need to face many problems and try to educate those that are ignorant about the dangers of using a centralized exchange and try to suggest to the a better decentralized option.
791  Other / Beginners & Help / Re: Litecoin to Bitcoin address, help? on: May 06, 2023, 07:33:38 PM
How were you able to send Litecoin to a bitcoin wallet address that’s so not possible. Bitcoin wallet can’t hold any hold Litecoins and vice Verse.

Can you please drop the transaction iD I would be interested to see it. The bitcoin network has several types addresses and none of which can accept Litecoin.

Where did you send the funds form? Was it on an exchange because some exchanges would one if you send a coin to a wrong address like you just did the chances are high that you have lost your coin.

Be more careful read about bitcoin wallet.
https://bitcointalk.org/index.php?topic=1631151.0
792  Other / Beginners & Help / Re: AI Crypto Trading Bots on: May 06, 2023, 05:42:14 PM
Regardless of the advance technology the artificial intelligence is running on there are limits to every thing and this case is just one of them.

The Artificial intelligence is a programmed technology meaning it can’t develop more knowledge than the programmer placed in it.

Same way I won’t trust anyone the promises a perfect trade following is strategies I would not trust any artificial intelligence convictions on trading, AI won’t make your trade successful the risk involved would still exists, the only good side is that it would trade without emotions.
793  Economy / Scam Accusations / Re: Avoid Ponzi/Ponzi scheme is a scam on: May 06, 2023, 02:57:34 PM
Most of these websites promoted by skirt makers cannot be fully trusted because even skirt makers cannot be trusted when it comes to money and investment.
Why would any one ever get their Information or advice on what to join or use from a promotion they found in the video of a skit maker.

Skit maker are content creator who are trying to use the popularity they have gotten from the content they been making to get profit.

Many of them to scrutinize those who offer them any deal they would be financially earning from. I know of a particular skit maker that was an ambassador to what latter became a fail and scam Exchange in my country.
794  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Sats, what's your take on: May 06, 2023, 11:20:45 AM
If I actually get your question well, the 100 sats will be added everyday for a month? If it is so then it is 1btc straight away. 1btc= 100 million sats. Accumulating 100 sats each day will only get you 3,000 sats which is just equivalent to 0.00003 btc.
The OP said 100 sat that would be doubled everyday for a month, going by the fact it’s 30 days a month approximately then you would be getting double of your sat everyday day.

Approximately you would be getting more that 10 bitcoin at the end of a 30 days month period that’s definitely above going for 1 btc a month.

When ever I see a question like this that has a first look easy answer I definitely know not to go with the easy answer and have a better thought about the question.
795  Local / Nigeria (Naija) / Re: Guys, do we now have two president? on: May 05, 2023, 08:19:20 PM
In as much as I am not a big fan of President elect Bola Ahmed Tinubu but wetin Governor Nyesom Wike did not Dey wrong and there is no place in the constitution that can fault Wetin him do.

The thing wey he called the president elect to commission was actually a state project that the state carried out and finished successfully so it’s not under the jurisdiction of the federal government.

We all know that The Governor of Rivers state Wike at the closing stages before the last general elections threw his support to Tunbu and although the election was controversial his man won so he can invite him to commission the state project.
796  Economy / Economics / Re: Have a Income? Invest in Crypto or Not? Let's think realistically on: May 05, 2023, 05:43:56 PM
Spent some time on YouTube to day after a long while and intermittently between the video there are ads where a particular person claims to be a master trader and has taught thousands of people how to make wealth from trading.

I am bring out this point because those ads plays on the minds of people, so I took out time to go check the guy out (mind you don’t do this with a device that has your sensitivity stuffs) I must give it to him it was well organized and constructed with fake proofs of those he has helped he even has a Google certificate which nowadays anyone can get.

Many unfortunate newbies actually fall for this and with the removal of all chances of loosing money they can go as far as borrowing funds to trade and also register for such schemes. One of my basic advice is to not let greed overshadow reasoning.
797  Other / Beginners & Help / Re: Cartooned style video about Bitcoin for beginners on: May 05, 2023, 02:17:35 PM
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So while browsing on TikTok, I've seen a video explaining about Bitcoin and how it works with a cartoon-style animation.
I don’t know which country you are from but contents predominantly watched in my region on TikTok are mainly not educative content, TIKTOK is the current number one social media distraction amongst the youth in my region, it’s more tuned to entertainment than it is too education, I wouldn’t go on TikTok to learn Bitcoin.

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Actually, I find an animation style of explaining what Bitcoin is and how it works easily. It also catches the attention of other people who aren't into it. Also, with this style, it won't be too boring to understand Bitcoin. It might just be a brief explanation but compared to when you're just reading some explanation online, this is more interesting. What do you think?
I would understand this if the person trying to learn bitcoin is a kid, as an adult I don’t think one should find reading to try to understand bitcoin as boring, you can’t just get fun in every aspect of your life all the time, Bitcoin is a serious financial business and if reading isn’t cool and animations preferred then maybe bitcoin isn’t for you. Don’t get me wrong, I have an article where Bitcoin can be drawn in animation but still it contains readable content.

798  Economy / Trading Discussion / Re: Can Bitcoin trading be my sole source of income? on: May 05, 2023, 12:10:52 PM
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Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?
Time is a good attribute for a bitcoin trader and so is attention this are all good characteristics but you are forgetting probably the most important thing and that’s capital, you need to have funds to trade, and for a those who don’t have any other source of income or haven’t yet gotten sufficient funds(win or lose in trading they won’t be broke) then you can quite your job for it if you want to, but for an average bob i think it’s taking a step too far.

I believe in being selfed employed but if you must quite your job it shouldn’t be for trading, it’s really an unpredictable(very risky) venture you would probably need to have other sources of income to fall back to.
799  Bitcoin / Bitcoin Discussion / Re: THE VIEW OF SOME PEOPLE OVER BITCOIN on: May 03, 2023, 08:34:33 PM
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Some people don't see Bitcoin as a normal currency and think it's too risky because its value can change a lot.
Yes that’s very true thats why Bitcoin is regarded as a volatile(can either rise or fall) currency that why it’s an investment opportunity for some, but also normal currency experience something similar with inflation and deflation of the currency. Your friend should also be worried about that too.

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They also worry that it's used by criminals for illegal activities like money laundering. However,
Money laundering, scams, and other criminal activities did not start with bitcoin, normal currencies (Fiat) has always been used to perform those activities and it’s still is been used till date. All this statement are from minds that doesn’t want to understand the values of bitcoin.
800  Economy / Economics / Re: Coinbase CTO lose his 1million bet on: May 03, 2023, 08:02:08 PM
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I’m speculating that this guy is trying to get away with taxes by sending his money as donation on projects that he is involved behind. I smell tax evasion on this rather than a lose bet. What do you think?
It’s definitely not a way for him to evade tax, the taxation system does work that way firstly
# where is making the donation to was said and there would be a back check on this places.
# also he staked his own money that was already made, be clear that the money I placed on the bet wasn’t gotten from his earning from betting so that has nothing to do with taxation yet because no income was made.

I would say he is big on betting to you it might be a stupid bet but to him it was a bet that he thought was possible.
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