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781  Bitcoin / Bitcoin Discussion / Re: Bitcoin proven many times holders won't regret on: March 21, 2024, 07:59:59 PM
Any investors that buys Bitcoin with the intention of hodling it on the long term will surely not regret it, even if they buys it in the peak of bull run, all they need to do is hodle it till the next ATH, and they'll get ROI. Although it's best to buy it during bear run or price dip, hurdle till bull run and prepare for massive ROI when it hits new ATH, then decide whether to sale or keep hodling. I believe that Bitcoin has gone beyond the days when people were wondering if it's value will continue to increase in the future or it'll crash and vanish like most Ponzi scams. Bitcoin DCA method is the best form of investment for everybody, especially average and low income earners.
782  Local / Nigeria (Naija) / Re: Let's be more careful with local exchanges. on: March 21, 2024, 06:16:41 PM
so I suggest op you tell us the name of the exchange just as @pi network have said, so that others can take precautionary measures before dealings with them.
When I meant local exchange, it's those exchange you can find locally in your area or within Nigeria(owned by Nigerians themselves). some local exchange in my area except they publish there services online, or are well known within the country, can't be in your area. The name of the local exchange my friend used was swift exchange. It's just known locally by small traders.

Thanks for di information, I know say as Binance p2p wey be di most popular for Nigeria, get issues with our government, scammers go wan capitalize on am to de defraud unsuspecting Nigerians. Many Nigerians don so trust and depend on Binance exchange services to di extent say dem no even know weda oda reputable exchanges de for Nigerian customers, and na dis kind people de fall victims to dis local scam exchanges. I no even de familiar with our local exchanges and I thank you for mentioning dis one, aldo for exchange matter, I no go fit to do patriotism, so aside from Binance, na other reputable exchanges wey don gain trust for the crypto industry I go fit to patronize, because I no fit shout for my hard earned money matter.
783  Alternate cryptocurrencies / Altcoin Discussion / Re: Why not try out a less popular but promising token? on: March 21, 2024, 05:38:45 PM
cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin Grin

Investing in new projects in the crypto space is risky, no doubt, and as you've mentioned the obvious being that there are more scams than legit, so it'll be left for any investors that wants to go ahead to understand that they're gambling their funds, but they can minimize the risks if they know how to research the new or unpopular projects. So the key word is to carry out research before buying, any token that you think is promising, and if you feel positive to go ahead and buy it, then do so, afterall it's your money, so it's important that you don't rely 100% on what others tells you about a token, because if they're wrong, then you your investment capital is gone.
784  Bitcoin / Bitcoin Discussion / Re: 4 Years ago people laughed at me bcz of THIS on: March 21, 2024, 04:49:07 PM
I seriously doubt that Bitcoin and COVID-19 has anything in common and I definitely don't believe that whales are behind the dreaded covid that killed many people all around the world, because that'll make them murderers. They perhaps capitalized on the covid pandemic, when many people panicked and sold their Bitcoin, then they bought everything and became richer, so they took advantage of a bad situation to accumulate wealth for themselves. You need to show practical proof that the whales are behind the covid, or your theory is simply put in one word"crazy".
785  Bitcoin / Bitcoin Discussion / Re: How old would you be by 2140? on: March 21, 2024, 11:02:20 AM
Halving experience in Bitcoin makes me to respect it's creator, Satoshi Nakamoto, he really programed it to outlive everybody that's alive during the this period of it's adoption. So there's no need wondering if this valuable asset will outlive all of us, so we didn't have to worry about whether Bitcoin will vanish before our eyes, because it has been programmed from it's creation to outlive us. I don't see why at this stage of Bitcoin awareness, why people can still be skeptical about it's value in the future, I believe that in the far future, Bitcoin will take over most fiats, if not all of them.
786  Economy / Economics / Re: Farming and it importance to the economy on: March 21, 2024, 09:31:52 AM
The agricultural sector is the most important of all the other sectors in an economy, because we must eat to survive as human beings, and if the sector is neglected, then there won't be an active work force. Nowadays people prefer more convenient works like white collar jobs or just go into buying and selling of goods including agricultural produce, because nobody wants to do the tedious and dirty work of working in the farm. But what they don't understand is despite the fact that farm work can be hard, farmers are not hungry people and they make a lot of money during their harvest seasons, infact mechanized farmers are very rich and influential people in the societies.

My landlord is into fishery, he's has big fish ponds and he's making a lot of money from the business, infact more richer than most entrepreneurs that I know. I look forward to going into agriculture in the near future.
787  Economy / Trading Discussion / Re: "Everyone" is all wrong about Bitcoin... on: March 21, 2024, 08:31:53 AM

Almost everyone is wrong, and only because; Bitcoin is not at all about all the deep dips but the stabile growth with the high peaks. That's it and that's all of what most of them just don't get.
Bitcoin is not just about price. Bitcoin is not just about ups and downs.
If almost everyone is wrong about Bitcoin, it means that very few are right about Bitcoin and I think you are also part of the people who are wrong about Bitcoin.

Bitcoin is more than just a price and more than all the perceptions of its ups and downs because Bitcoin is an innovative payment network. We call it a well-known digital currency as a decentralized asset.
If many users use Bitcoin as an investment asset, that is another advantage that cannot be regulated by any party.

I don't blame you for your thoughts because the small number of people who are new to Bitcoin only look at Bitcoin in terms of price.

Yes, You're absolutely right about me. I have no clue what so ever this is the only value never ever to be ever any much more to get more of in the end, just because there's no way of producing any more. I'm the one not understanding, probably due to my age...  Smiley=)=))

I think that you're just complicating things more for yourself, obviously you're new in the crypto space and lack experience of how Bitcoin bull and bear seasons works, and you're in the right place to learn, I'll advise you not to reply any more comments except you have something meaningful to say. Don't be discouraged by the criticism that you're getting in this your topic, it's because you're not constructive, perhaps you need to focus on starting  threads with quality posts, or just make comments on other member's threads while you're increasing your crypto knowledge from experienced members in the forum and making research from other notable crypto sites.
788  Other / Politics & Society / Re: Putin and ghdarfi lybia situation on: March 21, 2024, 06:55:04 AM
The similarities between Russia and Libia, is that they both have rich natural resources that is sought after in the world today and Ghadafi was anti American, same with Putin, other than this, as far as warfares goes, you can not compare Libia with Russia. The fact is clear, Russia, is not a walkover in terms of warfare, you cannot attack them and go to sleep, they have deadly weapons in their arsenal, like the nuclear weapon, so that's where the big difference between these two countries lies. I think that it's dialogue and reaching a compromise that can end the Russian, Ukraine war, not not planning to attack Russia, because the aftermath will be disastrous.
789  Other / Beginners & Help / Re: Quick Curiousity!!! on: March 21, 2024, 06:04:53 AM

If you need percentages for understanding: with the total network's chance is on average 100% to find on average a block every 10min with roughly 600EH/s, our fictional solo miner's chance is only 0.0003333...% per block on average. If you only have one ASIC of above (which is already high-end) your chance is ten times less...

Bear in mind: mining is a totally random process. You could find a valid block in the next minutes or you won't find a block as solo miner in the next year(s), depending on your own total hash power. We can only calculate statistical probability to hit a valid block on average.




You just simplified it in your maths, even a layman will understand that joining a mining pool is better off than being a single miner, so there's power in synergy than being solo in mining. I've considered mining, but the epileptic electric power supply in my country is a discouraging factor to me, so let the OP consider factors that might not be favorable for a miner in his country, before embarking on the journey, otherwise let him stick to Bitcoin investment.
790  Alternate cryptocurrencies / Altcoin Discussion / Re: Selling BTC for Alt Coins? on: March 21, 2024, 04:43:13 AM
I think that investing and hodling Bitcoin in the bull run is the best investment decision a person who's into crypto can take is Bitcoin, because it's the safest and most reputable crypto coin, it might not give you what altcoins can give on the short term, but it won't scam you like most altcoins will. Except for top altcoins, investing in most other altcoins is a gamble, they have the potentials of giving you massive returns on the short term, but the problem is picking the legit ones among many scams, so learn how to carry out research, so your fund will not vanish with a shitcoin.
791  Other / Archival / Re: Are investors investing in Bitcoin at ATH now are fools ? on: March 20, 2024, 02:40:50 PM
Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

It's not foolishness to keep accumulating Bitcoin now, it has surpassed it's previous ATH before the coming halving, and the bull run is just getting started, so buying Bitcoin now before it reaches the peak of a new ATH is a good investment plan. My prediction is that Bitcoin will reach $150k in the peak of bull run, that will be nearly double of it's current price now, so if any investor is hodling for the long term, then I believe that they should still go ahead and buy, and that'll be a smart move as far as I'm concerned. Currently Bitcoin price has slightly dipped, and it's a good sign to buy now before the halving, when price will start to surge again.
792  Local / Nigeria (Naija) / Re: Where do you stand on: March 20, 2024, 01:33:38 PM
Where I stand for di matter be say weda price de surge or e de dip before di halving, di important thing for me na to continue to de hodle on di long run till we reach the peak of new Bitcoin ATH. Unto say analysts wey sabi crypto matters de predict say Bitcoin price go reach $150k or above for new ATH, that na di reason wey I no too bother about di slight pump and dump along di journey. Aldo personally I for no mind if di price go dip a little more before halving, so dat more investors go buy, because after halving, scarcity go naturally make price to increase, so I de encourage everybody wey de do DCA method say make dem never tire, massive ROI de come for new ATH.
793  Alternate cryptocurrencies / Altcoin Discussion / Re: Is investment a necessity or a want? on: March 20, 2024, 11:58:06 AM
Nobody should pursue investing in assets ahead of their own health. What is the point having lots of money if you’re very ill or worse, dead. Buying cryptocurrency is great but I would not do so if I couldn’t afford healthcare. Your friend needs to sort out his priorities, especially if he has a family.

The key word here is priority, so it depends on what every individual will see as most important in their hierarchy of needs, if anybody unfortunately picks investment over their health conditions, then it'll be a very unfortunate choice, because they might not live to enjoy the returns on their investments. Investments falls into the category of secondary needs, so the basic primary needs has to be taken care of first, like food, healthcare, shelter, transportation to workplace, before you can talk about savings and investments. People need to think smart and put first things first.
794  Bitcoin / Bitcoin Discussion / Re: Minimalism in Bitcoin would slow your accumulation process on: March 20, 2024, 10:56:50 AM
Not every person dare to use all of their money to buy Bitcoin at once, even people already use DCA strategy to minimize the risk, but they're still sold Bitcoin when panic and not able to hold for long term. Moreover not every people are rich i.e. have a lot money and can do anything that they want, most people are an employees which get paid every month, so if they buy Bitcoin for every month, they're using DCA strategy.

I believe in the OP theory that your Bitcoin profit is proportional to the amount of Bitcoin that you have, meaning that the more Bitcoin you're hodling equals the profit that you get when it's price is pumped. Most average income earners knows this and they'll have the willingness to pump their incomes into the investment, but the it's easier said than done, because they have other financial obligations, so the best way to attain huge accumulation is through DCA method. By taking out a fixed percentage from their earnings periodically, maybe weekly or monthly that they can be able to attain a huge accumulation of Bitcoin, that'll guarantee a massive ROI in bull runs.
795  Economy / Economics / Re: Economic growth and it effect on the standard of living on: March 20, 2024, 09:52:39 AM
For a better standard of living in any country, there has to be economic growth, both on the micro and macro levels, if individuals are productive and their government provides basic amenities and enabling environment for commerce to thrive, them there'll be prosperity in that economy. But in a situation where there's no enabling environment for businesses to grow, example is where there's conflicts and wars, where there's corruption in government and they don't provide basic amenities like electricity, accessible roads and empower small businesses with easy access to loans, them there'll the standard of living in such countries will drastically reduced.
796  Economy / Trading Discussion / Re: New trader's must remember it. on: March 20, 2024, 09:12:06 AM
Thanks to the OP for sharing these important tips to guide traders to minimize loses, without aquinting oneself with the knowledge of trading and applying this essential tips that are shared in the OP, then the trader is good as gambling their trading capital. Due to the economic hardships that are being experienced in many countries, people are looking for alternative means of making money and they hear about crypto trading, thinking that it's a get rich quick scheme, and enter without adequate knowledge, then they'll lose all their money due to inexperience, so it's very important for new traders to understand that trading is hard and they need to learn essential tips like the ones that are shared in this thread.
797  Other / Politics & Society / Re: Democracy or Oligarchy? on: March 20, 2024, 08:03:35 AM
I believe that electoral fraud is more pronounced in developing countries, where a few individuals will determine who comes to power, they'll choose who will suit their unpatriotic agendas, and the country will go into election in the name of democracy. I believe that unless these evil cabals are flushed out and the best candidates that the people wants are elected into leadership of affected countries, then we'll never see true democracy.

Developed countries like the USA and england are role models and upholders of democracy, whom developing countries should look up to and learn how democracy is practiced, but I was really saddened during the last US presidential election, when Donald trump, alleged that the US election was rigged. Being an African, I thought that countries like the US has gone past that stage of alleging electoral malpractices, it was a very big blow for me, because I thought that if a big democracy like the US will still be talking of election rigging, then what do we expect from emerging democracies.
798  Other / Beginners & Help / Re: Help a newbie with links to useful threads on: March 20, 2024, 06:55:34 AM


Hello users, I was registered today and I don't seem to find my way around the forum because everything is confusing to me, I see a lot of boards for many countries, should I stick to my national board alone? this place is also like an organization right? And in every organization there are rules, do's and don't's guiding the organization right? I have a lot of questions and I don't want to stress everyone with my many questions hence the reason why I am asking for  links to useful threads. Thanks for your help.

You're welcome to the forum, this is the best place for you as a newbie to learn, increase your crypto knowledge and join in discussions with quality posts, most of us joined the forum without any crypto knowledge, and today we can make meaningful contributions, so don't worry , with time you'll get into the groove.

About where to start, I believe that you're in the right place in this beginners and help section, your local board is another good place to start, feel free to ask questions in any thread that you don't understand and experienced members will guide you through. Don't limit yourself to this forum alone, regards learning about Bitcoin and the crypto space, explore other avenues like Google, if you don't understand anything, then start a topic and ask questions.
799  Alternate cryptocurrencies / Altcoin Discussion / Re: Most investors keeps off from AltCoins because they're not good crypto analysts. on: March 20, 2024, 06:14:37 AM

But investors who doesn't know about this AltCoin analysis would always have that wrong impressions towards AltCoins. Although AltCoins differs which could grantee you profits and reliability.

The fact is that investing in altcoins is a gamble, because of the risks of not really knowing which one that'll really fly and give you that massive ROI, because there are more scam projects than legit ones, so as you've said, it'll take an experienced crypto analyst to research and figure out if a project is scam. A crypto investor needs to learn how to research projects thoroughly before buying, if not they might see a hyped project and believe that it'll profit them as promised, then they'll lose their funds in a scam. I wouldn't recommend a newbie investor without experience to go into altcoins investment, except for top altcoins that have gained reputation, but it's always safer to start with Bitcoin..
800  Bitcoin / Bitcoin Discussion / Re: All of us are more important to Bitcoin than Satoshi! on: March 19, 2024, 05:46:18 PM

I'd like to hear your views on this issue:
  • Will the outcome of the lawsuit involving Faketoshi Craig Wright affect the value of BTC?
  • Does Satoshi's true identity matter to your BTC investment?
  • When will the community stop searching for Satoshi's identity?


Craig Wright, is just looking for cheap popularity, atleast if it's not for him impersonating Satoshi Nakamoto, I probably won't have heard about him from a faraway continent in Africa, and as far as I'm concerned whether he wins or loses in the lawsuit, it'll have little or no impact on Bitcoin. I also believe that Bitcoin has probably surpassed what Satoshi, envisioned when he created it, and it's doing just fine without his presence, so Craig Wright, saga won't affect Bitcoin.

As it is today, Satoshi, is better off staying anonymous, and his anonymity signifies the privacy that makes Bitcoin to be decentralized, with all due respect to him, I don't think that his presence can significantly change anything about Bitcoin now.

Satoshi Nakamoto, has become a myth in Bitcoin story, so modern day explorers will keep digging dip to unravel his identity, and I really don't mind it, because it'll make us not to forget the exceptional genius that created this valuable asset that is impacting lives positively.[/list]
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