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May 25, 2024, 08:29:38 AM *
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81  Other / Politics & Society / Is procreation really necessary? on: May 15, 2024, 02:39:03 PM
Sometimes I do wonder what is the need for reproduction when there are so many kids suffering out there for survival, many are ophans, some have parents but their parents couldn't afford to take adequate care of them due to poverty and some are just helpless roaming round the streets without anyone to help them. It is really necessary to reproduce? instead of adopting some of this helpless children and take good care of them and make them to understand that life is not that difficult as they feel because most of this children grow up with the mentality that the society is unkind to them, they become unhappy and feel so inferior of themselves while growing up, some have mental issues due to the unfortunate situations they have found themselves.

 Is there a way to help this children grow and become better persons in the future instead of bringing more children to this world.
82  Local / Nigeria (Naija) / Re: Kucoin suspended P2P in Nigeria on: May 15, 2024, 07:40:46 AM
This is no longer funny anymore as I also woke up to same notification this morning, it is now clear that the government is mean in their decisions to clampdown on cryptocurrency exchange platforms but my question is how long will they continue to fight cryptocurrency even when they know that they can not completely succeed but however even if they clampdown the whole exchanges i trust Nigerians because they can convert their crypto to USDT and other tokens then accumulate it to some huge amount afterwhich they can convert it to other country's currency and still make use of it abi you dey whine Nigerians?

83  Local / Nigeria (Naija) / Re: Can we proudly tell people that we're Bitcoiners? on: May 15, 2024, 05:47:39 AM
OP I don't see any reason why you should be concerned about telling people what you do for a living, it is not necessary at all so far as you are living fine you owe no one any explanations to what you do for a living. I know that people do raise concern when someone is doing well without being that you have a physical or visible job you are doing to earn a living but that should not bother you at all. Just do things that are legit and forget about what people feels about you even if they tag you a fraudster accept it and move on with your life.
People in this part of the world are just too concerned to know what others does for a living and most of this people don't even have a job but they will always want to know what is happening in other people's life, very bad.
Moreover, with the current situation in the country about crypto currency is even an eye opener for us to be careful about people that knows we are into cryptocurrencies if not you might put yourself in trouble so just do things without being noticed.
84  Economy / Economics / Re: Debt Management. on: May 15, 2024, 05:16:40 AM
[edite out]
yea that's why I said aside bitcoin, land and houses is another volitille assets we shouldn't forget that even as we preach about bitcoin, we should also think of diversification, not only in digital assets like bitcoin but some other physical investment too. it is often said that we should not put all our eggs in one basket, to avoid total loss when the worst case scenario happens which we pray not to.

There is no need to diversify for the sake of diversification.   Surely after one starts to build his wealth there might be some needs for diversification, but in the beginning of investing, and even the first few years there might not be enough to diversify, so it will depend on how much he has and if he has built a decent sized investment portfolio when diversification starts to make more sense.

And since you mentioned, digital assets, there is no need to diversify into shitcoins, so careful when you go down that path of thinking.
At the start of an investment even if you have enough money, diversification may not be necessary but to make sure that you stabilize and take your first investment to a certain length  whereby even if you diversify to other things it won't affect your first investment. Some people don't pay much attention to their first investment simply because they feel more comfortable in the one they diversified to but it is wrong to discard something that lifted you up and made wey for you to own other investments.
There is no digital asset that one can diversify to in the modern age that is better than Bitcoin.
85  Other / Beginners & Help / Re: Understanding cryptocurrency on: May 15, 2024, 04:49:12 AM
One thing with beginners is that they are always eager to make quick money not only in crypto but on the Internet that is why they fall easily before they become wise though some of them quit angrily if they have lost a lot of money. Several times we have discussed in here that the first step for a beginner in cryptocurrency is not to trade yet but to learn and be conversant with how trading works but trading is not advisable for a newbie or a beginner, they can just make investments instead of trading. When i was a beginner I lost some money to trading because a friend of mine tried to convince me about trading but when I made attempts it wasn't that easy for me but when I started investing in Bitcoin my mind has always been at ease.
No one is happy after they most have encountered a loss while trading and those who trade gets emotional quickly, remove anything that makes you go emotional because it can destabilize your mental health.
86  Other / Beginners & Help / Re: Newbies should be forewarned. on: May 14, 2024, 09:30:11 PM
Most people are poor, they choose money over security and privacy.
You really hit the nail at the right point and definitely that is just it, poor mentality of people make them give privacy and security less priority but ignorance shouldn't be an excuse because it is the duty of everyone to be cautious of anything they are doing online so they don't fall victims to scam sites. It is just very bad that due to not having enough money have made a lot of people pay no attention to their security because they believe that even if they fall to scams, they only had a little amount in their wallets.
87  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: May 14, 2024, 08:21:05 PM
You are right, Manchester City's ambition to win the game seems much higher than Tottenham's. Manchester City really wants to defend its title this season and write new history for the Premier League, but Tottenham plans to prevent this.

At that time, Arsenal managed to stop the dominance of Manchester United, who had won 3 consecutive titles since the 1998–1999, 1999–2000, 2000–2001 seasons. Meanwhile Manchester United was 10 points behind Arsenal in their efforts to defend their 4th title in the 2001-2002 season. This season the scenario is almost the same, I mean Arsenal really wants to stop Manchester City's dominance to win 4 consecutive titles, but something that makes the difference is that the points gap between the two is very low.
Why do I feel like this game between Tottenham and Manchester city will determine Arsenal's fate of winning the title and this match will create a lot of tension more especially for Manchester City because should they lose or draw this match tonight then they have jeopardize their chances of winning the league title. Manchester city's last game against Westham will be an easy win so this game will determine if Arsenal will have any chance of winning the league title.
88  Bitcoin / Bitcoin Discussion / Re: Bitcoin Pizza Day 2024 on: May 13, 2024, 11:51:32 PM
The best tagline I've heard so far is: "14 years ago, you could buy pizza for 10,000 bitcoins... now you can buy 10,000 pizzas for 1 bitcoin!"
I don't try to convert Bitcoin to my local currency because you can use 1 BTC to own a fortune here in my country.

Buying a pizza for 10k Bitcoin 14 years ago and to buy 10k pizza for just one Bitcoin today shows how far it has gone for the digitized currency, it is really worth celebrating because 14 years ago few or no one knew that Bitcoin will reach this height. Possibly 14 years from now again we will record another milestone that Bitcoin has achieved. The power of HODL is the key to achieving that milestone.
89  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: May 13, 2024, 11:21:58 PM
Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

I believe that's the dynamics of the market and one thing you most know is that there is ups and downs when it comes to investment and there is every possibility that after buying a certain coin it will likely appreciate as time goes by while in most cases it will depreciate after you have bought but so long as you invested on a good coin no matter how the price drops it will surely bounce back to it normal price.

Cryptocurrency pumps and dumps normally because you can't just expect them to pump all the time without dumping and this is due to their volatile nature that is why it is advisable to invest in Bitcoin because there is no coin amongst cryptocurrencies that is better than Bitcoin such that even if it dumps it will still pump again even higher than the initial price it was before it got a dump and there is no way Bitcoin can dump and never recover back again unlike other cryptocurrencies that can dump and disappear which leads to losses for any investor that make a stake on them.

In this thread we are mainly discussing BTC price and buying and selling so I think we should discuss about that and not other currencies.
We are discussing about bitcoin here actually but it is the fault of the OP because it didn't specify the particular coin they are making reference to so there is no need to scold anyone discussing about other coins that is not Bitcoin but whichever way it is the handwriting is already in the wall for us to invest on Bitcoin that have a better future as compared to the rest of cryptocurrencies.
90  Economy / Economics / Re: Debt Management. on: May 13, 2024, 09:57:43 AM
Generally speaking, people will still tend to consider houses as assets rather than liabilities, and surely there are some kinds of houses that will have higher maintenance costs and/or taxes than others, and surely houses are considered to hold their value better than cars, since cars tend to be a depreciating asset if bought new, but sometimes a used car may hold its value or even gain in value if it is classic or a collector's item, so we still have to be careful if we try to generalize too much in regards to how much some thing that we buy might be considered an asset versus a liability, because something like a yacht could still be considered an asset, even if it costs a lot to maintain, and maybe more if we are putting it into service, but it could generate income too if we were able to rent it out in ways that ended up being profitable and NOT too inconvenient, in the case that we actually were to have a yacht... According to this article Michael Saylor owns two yachts and three houses and a Jet.. so those could be assets, but they are also liabilities in terms of how much maintenance and labor they likely take, even though the article says that Saylor charters out his yachts (or they are available for chartering)..
The truth of the matter is that as time goes on, some things tagged as a liability will become an asset. Simply because people find them more interesting than the new ones or find more special features in them just classic is Just the right description. Those classic car can appreciate in value as time goes on. Though the maintenance cost is another thing but it is necessary to have more Investment in digital asset like bitcoin than having alot on physical assets that may turn to a liability or may add in value in due time. Having a major asset in bitcoin saves us from much tax and maintenance cost because expensive or luxury items need enough capital to maintain them, but bitcoin Investment don't need any of them. So in my sudjestion luxury items like cars need not to be much to have but having 1 and investing all other amount in bitcoin. other assets aside bitcoin is house and land because those are also volatile assets.
Actually the only time something that is seen as liability will turn to an asset is dependent on what it is being used for like from the example about buying a house or building it from origin, even though you have acquired a lot of wealth from your investments, spending money on luxury should not be a prerequisite of people to know that you are a successful person except you acquire those luxury for business purposes like when you buy a house and you already own one you can actually use the one you bought for rents such that it will be bringing returns for you monthly or annually as the case may be instead of answering that you have assets scattered abroad but none is bringing dividends to you. The reference you made about cars is good but to me car is more of liability than an asset because you can buy a car today and crash the car or better still the cost of maintaining a luxurious car is much. And car doesn't appreciate because as times goes the value depreciates.

Bitcoin investment is good of a truth but after you have acquired all the wealth you want wouldn't you seek for comfort as well or will you keep holding till eternity? Obviously not so as we invest in Bitcoin we also seek for pleasure when we have met our investments target because certainly every investor have a target.

We must combine enjoying life now and planning for the future

Homes and cars aren't foolish moves by default. When and what you do matter. If your luxury car costs you everything in repairs, it's a liability and a burden. If handled well, it may be a pleasure and a valuable asset. Even rich guys can fail. Saylor may not care about maintenance because he's rich. Investing in luxury without a solid foundation is like jumping off a cliff without a strategy for most people

You don't need Saylor's billions to succeed. Focus on growing investments to fund nicer goods. To avoid choosing between today's happiness and tomorrow's security. Building a joyful, financially secure life. Simple: make smart choices and make your money work for you
Bravo on your ideas here, you really said my mind here. I have seen some people acquire a lot of wealth but never had time for pleasure till their grave and the children they kept those wealth for larvish everything without thinking about the efforts their father put in place to make an easy way for them, this is why combining enjoyment and planning for the future is good just like you said, you can't acquire all the wealth without making out time to have fun and enjoy yourself to the fullest after all we only have one life to live.

You're actually right about Michael Saylor because instead of him to maintain some of the luxury he acquired it will even be better for him to acquire new ones instead maintaining the old ones when they are not productive. Growing one's investment to fund or acquire other life valuables is also good.
91  Other / Beginners & Help / Re: Importance of the META BOARD on: May 13, 2024, 09:12:16 AM
Actually it's good if those newbies didn't visit Meta board during April Fools' Day, so they will think that merit deduction is real and they need to be careful before making posts. If they know if that day was April Fools', the "fun" ended.
This is funny though, like seriously but how will they have known that it was as a result of making posts that caused the merit deduction? If they didn't visit the META BOARD or they didn't come across the cause.

Quote
If those newbies think they shouldn't touch Meta board, then it's their own mistakes since anyone can contribute in any board (although few boards restrict newbies to posts).
Are there restrictions for newbies on any board of the forum? Would like to get an answer about this if possible you can name the restricted boards
92  Other / Beginners & Help / Importance of the META BOARD on: May 13, 2024, 08:39:33 AM
 It has got to my knowledge that so many users more especially newbies and low ranked don't go through the META BOARD simply because they feel that the information convened there are only relevant to high ranked members and they feel that they don't have much contributions to the discussions there but this is a very wrong narrative because the META BOARD stands as an information desk of the forum and should be visited on regular basis to get acquainted with recent and relevant information about the forum.

Just like on the April fool's day when Theymos played a hard prank on us about the Adjustments to Merit calculation whereby when you spend more time reading, your merit increases but when you make a post it decreases. I was actually online that faithful day when Theymos initiated it and I was reading some posts in the forum so I was about checking a previous reply I made then I checked my profile only to see that my merit has increased, I immediately checked my merit statistics to know who sent me merit but I didn't see anything, I kept refreshing my browser to know if it was a network issue but to no avail and it felt very strange to me, i immediately went to the META BOARD only to discover that it was Theymos, i laughed so hard.

Let me not make this thread too voluminous but the advice am trynna give is that we should always make sure that we visit the META BOARD always so that we don't get misinformed about the forum and again the META BOARD contains statistical data of almost everything about the forum and it is being updated regularly so checking the META BOARD regularly will also make you to be up-to-date about any information in the forum more especially for newbies.
93  Local / Nigeria (Naija) / Re: Patience is not enough for hodling Bitcoin on: May 12, 2024, 10:17:30 AM
~snip~
You have valid points here because some people don't put having a steady inflow into consideration because that is the only way to back up your long term investment plan so if there is no steady flow of income you can be tempted to touch your holdings even when you have a long term targets because in some situations you can't bear to see that you have Bitcoins in your portfolio and deny yourself some certain things just because you want your investment to bear much fruits in the future. Having a regular source of income is the only way to be patient enough while waiting for your investments to mature in the long run.
94  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: May 12, 2024, 09:52:00 AM
The three quick goals pulled the plug pretty quickly though. There was no coming back for Dortmund and Mainz knew that if they concentrate on their defense, they got the 3 points they need. This game was worth a bet in my eyes, but I didn't place one. Wink

Bundesliga games are coming to an end soon and from what I saw Borussia Dortmund already secured a place for UEFA Champions League which explains partially why they didn't took today's game against Mainz seriously. At the opposite, I find Mainz pushing to stay out of the Champions League
Borussia Dortmund not taking their match against Mainz seriously doesn't mean it was as a result of the fact that they have already qualified for the champions league next season, it was just that the players felt relaxed knowing that they are in the champions league finals now so they don't want to overstress themselves which may lead to injury before the finals between them and Real Madrid so that was just the case because I know they will want to give Real Madrid tough play even if Madrid will win them but it will not be in an easy energy.
95  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: May 12, 2024, 09:21:19 AM
And Manchester United injuries have caused them a lot of set back and that contributed to there loses against crystal palace.  And it’s a great opportunity for arsenal to score more goals than crystal palace and aside the injuries luck as not been on the side of Manchester United this season.

Injuries issue is just like a reason used by them to defend their bad performance this season. Even if there is no injuries issue, I still doubt that they can play better. The issue in Manchester United is complex, too many issues in them as a whole team. Need a significant change for them to be better next season, otherwise Manchester United will turn to be mediocre team.
Injury should not.be used as the reason why Manchester United underperformed this season we all already know Manchester united problem and it's not far from being the issues of coaches that lacks proper understanding of how the team works even if players also contributed to the problem Manchester United is facing now but however their major problem is inability to hire a coach that understands the club's football ethics nothing more than that.
96  Economy / Economics / Re: Debt Management. on: May 12, 2024, 08:57:54 AM
You Misunderstood the whole point nobody is saying you should not build a house or buy a car but using borrowed money because house is not a good investment, when you take loan you ought to invest it wisely because you will still pay back so to avoid story in the long run, borrowed money should be used to acquire asset and not liabilities that are in form of asset. You also talk about comfortable live ,no right thinking man will take loan in order to live a comfortable life. You should be talking about comfortable life with your hard earned money .it is  very unwise to take loan and be talking of luxurious life.
No don't misquote me all am saying is that since there are assets that are in form of liability that does it mean we should not acquire them even when we have the money and resources to take care of them? And you saying house is not a good investment is a wrong perception like how can you really say that? Those who build houses for real estate businesses can you also tell them that house is not a good investment? You should have said that it is dependent on what you want to use the house for but I don't see any reason why anyone will say that house is not a good investment even though it may depreciate in value if not taken care of or well maintained.
    To clear your doubts, house is a good investment because if well maintained it's value will increase as time goes on and again if you build a house you have given yourself and your family a lifetime shelter such that no matter where ever they go to they will know they have a home to come back to and again your offspring can inherit the house when you are no longer there so i see no reason why you said house is not a good investment.
97  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: May 12, 2024, 08:30:55 AM
Bologna are showing impressive performances and nearly achieved a successful season but challenge for Bologna in the summer transfer season will be very big. Will they manage to keep their head coach Motta, and their main players in their clubs?

It will be biggest tasks for Bologna in the summer transfer season because human is most valuable resource and losing a head coach and some main players, will put Bologna in big troubles next season. They can quickly disappear from top four or top six of Serie A next season if they won't succeed in their human resource management and development in the summer.
That is surely the problem with this upcoming teams because now that Bologna have shown a different performance from their previous seasons, most teams will come for their players and they may consider selling them to make money for the club forgetting to know that if they sell those players the club's performance will reduce next season after they must have sold most of their key players but if you can't get a trophy for a club, you get money for them so if Bologna loses their coach and some of their major players it will still be an advantage to the club's management because they will make some cool cash selling their key players may be they will try and rebuild other players next season.
98  Economy / Gambling discussion / Re: UEFA Europa League 2023/24 Season on: May 12, 2024, 08:03:43 AM
Even if Atalanta luckily defeats Liverpool, that doesn't assure them that they can do the same for Bayer Leverkusen. We all know that Atalanta will struggle to win the trophy, but the truth is that they won't achieve that because it will be very hard due to their opponent that they will play with, and the main thing to consider is that Bayer Leverkusen don't want any team to break their record of unbeaten. If not, there are many games that they are worth losing, but they just manage it as a draw. And if they can make it this far, I don't think they will like to lose to Atlanta in the finals because they wanted to have that reputation as the unbeaten team with two trophy this season, and everyone knows that that is too big to sacrifice against Atlanta.
I have been a witness on several instances were Bayern Leverkusen came from behind and either win their opponents or draw that is to show you how strong and formidable Leverkusen have become, they fought a good fight in the Europa league right from the beginning of the competition till now that they have found their self in the finals and since they have been crowned champions in the Bundesliga even before their final league match of the season made them give more concentration and attention to the Europa league.
           If you watch Leverkusen previous game with Roma you will see that this young talented players are really hungry for the Europa league title so Atalanta cannot stand them even though Atalanta showed some strength lately against the teams they played with starting from the quarter final stages but yet it shouldn't have been Leverkusen they met in the finals, if it was other teams i would have given Atalanta some consideration but since we are talking about Bayern Leverkusen that has became unbeaten in all competitions for about 49 matches mean a no go area for Atalanta but what ever the outcome of the finals be i salute Atalanta for coming this far in the Europa league.
99  Economy / Gambling discussion / Re: They put an end to online gambling: what do you think it's going to happen? on: May 12, 2024, 07:10:38 AM
Earlier this morning I was going to work in a bus I over heard, some one complaining very badly that if the government tries to put an end to gambling. That many people will die in hungry with this our economy which nothing is working, no work for people food are at higher amount in their and some people are benefiting from gambling this days, that mostly him his benefiting from gambling.

That with $200 he can stake and win about $100000 daily something that you won't even struggle to get, they can't even pay someone at work monthly up to that amount. So if their is no more online gambling that means definitely there won't be no more gambling at all. So how will you cope in your country if eventually they put an end to online gambling?

OP those people don't know anything about gambling, gambling is not a profession or a job opportunity where you earn from it steadily so I don't understand the aspects that those people are being very positive about gambling. There are people that win gambling but they don't win regularly so gambling is not a reliable source of income as to say that if the government shut it down people will begin to suffer or feel the impact. Gambling is just for fun and to be played at leisure and with a spared funds so anyone who takes gambling as a hobby or means of earning a livelihood may end up going broke some day.

Gambling is multi-billion business and the same provides big revenue to the government in different ways. This is the reason why governments used to take a neutral stand without opposing and not supporting gambling. Nowadays everywhere it is possible to see the promotion of gambling platforms. People have got used to it, if there exists a situation in which gambling is stopped. We can see the start of more gambling houses functioning illegally. This used to be more dangerous than having a regulated platform.
That is just it, gambling is too broad for the government to be stopped and just like you said they generates revenue for the government and for a very long time government have been neutral on anything concerning gambling i remembered a time when parents in a particular state of my country protested about gambling to be shutdown because their children were getting too involved in gambling and steals their money to play gamble but the government didn't listen to them at all. Gambling is a game of choice, no body forces anyone to play so if you can't control your emotions in gambling the best is to quit.
You are right about gambling going illegal if stopped because a lot of people have really possessed the habit of gambling so if it is being stopped people can still gamble secretly or they fall back to physical gambling ( person to person gambling ) without the government knowing about it. In the past when gambling have not yet gone this vast people do gamble secretly before it became open to the extent that it is being publicized and advertised every where both physically and on social media. There is no way you will access the Internet without coming across some sites or individuals offering gambling predictions. So that is the extent gambling have gone it has become a normal way of life of so many people.
100  Economy / Gambling discussion / Re: Does even freezing a customer's account curb irresponsible gambling? on: May 12, 2024, 02:02:03 AM
If suddenly you went on a binge-gambling out of a lack of self-control or something else. For example, you deposit money in rapid succession after a series of losses and the casino management freezes your account. And when you call their customer support, they tell you that your account has been frozen for 3 weeks and the reason why they carried out that measure was because they suspected that you were gambling irresponsibly and decided to take that measure so that you can call yourself back to order, will you feel furious, cuss out, sign out of your account and register on another casino and continue betting. Does even freezing a customer's account curb irresponsible gambling or betting addiction?
This is kinda funny mate, like don't you know that gambling companies are even interested in gamblers losing more than they win so why will dey froze or restrict a gambler's account just because they are gambling irresponsibly I mean they even want gamblers to lose more so if anyone decides to play irresponsibly then they are accountable to themselves and not the betting site or company. Every one opens a business for profits and gambling is not exempted because casino owners and other gambling sites or companies want gamblers to experience more losses than winning so no body will caution anyone gambling irresponsibly.
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