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901  Local / Politics and society (Naija) / Law of gravity no de apply for di prices of goods inside Nigeria on: February 29, 2024, 04:25:55 PM
Due to di recent revelations wey CBN de unravel now about how plenty illegal money take de stash and pass through Binance, and I come see one report wey dem list some bank owners and some respected entrepreneurs, say dem de collect money for CBN and dem go default payment. I de reason say na dis latest developments na im make naira come gain small value, e bin de get out of hand to reach about 2000 naira to 1 US dollar, but as e be now, di exchange rate don drop to approximately 1400 naira to 1 US dollar.

If CBN put dem acts together and we come begin to see naira appreciation, meaning say our currency go begin gain value, dat one go be good news for most Nigerians.

How di naira to dollar matter take concern dis thread be say, normal normal if any currency begin appreciate, e suppose cause di prices of goods and services to de come down. But with my experience for dis country as a Nigerian, anytime wey prices go up, e no de fit to come down, even if di price go come down na insignificant money dem go comot. So if naira continue to appreciate, you think say e go make prices of goods to de reduce?
902  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Price Rally Ahead: Tom Lee's Visionary Prediction Foresees $150,000 on: February 29, 2024, 02:18:13 PM
In the start of this year, I was modestly predicting Bitcoin price to reach $100k around the peak of bull run, but with the events of the past few days, I now tend to believe in a higher figure, it's happening quite fast and I hope that it keeps this momentum. I was thinking that it's after the halving, when Bitcoin supply will be cut in half that the scarcity will fuel price increase, but I'm quite surprised that it didn't wait for halving to start this high pump, which makes me to be wondering more if we'll continue to see this price progression immediately after halving. What is sure is that we'll experience an explosive ATH in this bull season.
903  Bitcoin / Bitcoin Discussion / Re: Just hodl, bitcoin will do the silencing. on: February 29, 2024, 01:22:49 PM
It's said that success is everybody's father, but failure is a bastard, meaning that everybody wants to affiliate themselves with success, while nobody wants to associate with failures, this is what is happening in the case of Bitcoin, now that it's value is fast rising many people who where skeptical about it in the bast are now adopting it.

The president of El Salvador, Bukele, is now seen as a hero, because the asset that he invested his country's money in, is now yielding profit for them, so his critics are now quiet, I hope that other countries, corporations, companies and individuals, will learn something from this president and trust Bitcoin to be the asset that it's value will keep increasing and being more profitable in the future.
904  Economy / Economics / Re: Murphy backing gold standard bill on: February 29, 2024, 12:32:11 PM
The idea of using gold to pay for goods and services sounds very interesting, unfortunately we can't carry it around in our pockets, also holding it's ATM that you can use to make purchases is equally interesting. For it's usage to be effective, it has to be widely used and accepted by both buyers and sellers, and I guess that'll be possible if governments adopt it as an alternative means of payments in their countries, that it can be widely used by people in their country. For instance Bitcoin that it's adoption is increasing everyday is rarely used for payments, it's basically to hodle for investment purposes, so for both Bitcoin or gold currencies to be effectively used to pay for goods and services, in a country, it's government will have to adopt either of them first.
905  Economy / Gambling discussion / Re: The Future of Gambling on: February 29, 2024, 11:04:33 AM
Technology is revolutionizing everyday and developers are at work being innovative to bring new updates to their existing achievements, I'm expecting technology to keep bringing new experiences to the gambling industry. The future of modern gambling has already started, when you can gamble in the comfort of your home, and I believe that the innovation has increased the number of people that gambles now, catering for people who don't have the time to visit casinos or don't want to be seen entering a casino. At this point I believe that the future of modern gambling is very bright, because of the continuously added convenience through technological means, but let us not forget about the traditional physical method of gambling, it's fun interacting with people physically while gambling.
906  Alternate cryptocurrencies / Altcoin Discussion / Re: How Does it feel to be Balls Deep in altcoin, when only bitcoin is rising? on: February 29, 2024, 10:02:20 AM
I believe that altcoins will have their day soon, Bitcoin is the pacesetter, and as it's price is massively pumping now, the development will encourage investors to diversify their interests in altcoins, which will increase their demands thereby making their prices to start experiencing steady pump. This theory doesn't apply to the whole altcoins, every investor have to carry out research before deciding on the project that they think can have bull run alongside Bitcoin. A lot of scam projects can pump on a very short term, then they'll vanish with investors funds, so due diligence is required to invest in altcoins, otherwise it's safer to stay with Bitcoin, especially in this bull season.
907  Other / Politics & Society / Re: You don't like the world you live ? Then change it on: February 29, 2024, 09:00:17 AM
It's not easy for one person to change the world, but we can change our perspective and see things from different angles and not be judgemental, so in essence we can be the change that we want to see. It's good to build a positive mindset and work towards making the world a better place by your actions, you don't have to make impact in the whole world, but in your little space, like in the family, with friends, in your community, let people see your good deeds and identify you as a good person. I believe that people are remembered by their good deeds than the amount of money that they made in their lifetime, let us promote love and be our brother's keeper.
908  Other / Beginners & Help / Re: BitForex halts withdrawals, stops responding to users after $56.M was moved on: February 29, 2024, 08:11:46 AM
This news doesn't come as a surprise to me, because right from my newbie days in the crypto space, many experienced people have been warning me about trusting centralized exchanges, that keeping your coins in them is very risky. Although I wasn't familiar with this bitforex exchange, it definitely had a good reputation with it's customers, now they can't access their funds, so this goes to proof again that we shouldn't trust any exchange, no matter how big they are and the reputations that they've attained. We don't even know if the exchange was hacked or if it was an inside scam, but the evergreen lesson to learn from this incident is to always remember that "not your keys, not your coins", it's best to keep your coins in your none custodial wallet.
909  Economy / Services / Re: 👉 {Update} Eloncoin Signature Campaign | Member+ [Funds Escrow] on: February 29, 2024, 07:19:22 AM
NEW ELONCOIN address: 0xFFfB5815E26D9c6792d063177a163526D1d2C024

Above is my new eloncoin address, I've deposited my new address in the website, but I can't find where I'll deposit the old address. When I open the eloncoin website now, I don't even see where to log in the password that I created, I don't know if any other member has experienced this issue?
910  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Exchange Tokens Are You Watching in the 2024 Bull Run? on: February 29, 2024, 06:50:13 AM
The agreement so far in this thread is unanimous, aside from BNB being an exchange token of Binance, which is the undisputed number one exchange, BNB is also one of the trusted top altcoins that we know. As far as crypto coins go, BNB will still remain relevant and reputable, thanks to it's affiliate with Binance, although I'm not holding it, I however see it worth investing in for this bull run. I wouldn't give preference to exchange tokens, I'll go for any that I feel will give me returns on investment, in the bull season.
911  Economy / Speculation / Re: Bitcoin Closing in on 60k, Again! on: February 28, 2024, 08:35:03 PM
Bitcoin steady pump to $60k is very impressive, I'm quite sure that it's current price has surpassed what many observers predicted before this coming halving, although I hope that it's steady rise will not make us to see a premature ATH before the end of this year. Bitcoin adoption is geometrically increasing since the awareness of it's bull run, more people now know how profitable it is to invest in it now. I know many people who were skeptical about Bitcoin, and how they're now hodling it because they heard how profitable it is. I'm optimistic that by the time we reach ATH, that it'll have doubled it's current price, so keep accumulating and hodle till then.
912  Local / Nigeria (Naija) / Re: $26bn passed through Binance from... on: February 28, 2024, 07:48:51 PM
This money does not belong to government,  this money belongs to common Nigerians that are looking for a way to survive
Nigerians mostly uses payment processors before, but CBN banned bitcoin and other cryptocurrencies. We moved to P2P and Nigerians will not label the bank transaction as cryptocurrencies. CBN unban cryptocurrencies but Nigerians still prefer P2P. What did he mean? That the money (naira) in the bank used to buy bitcoin and other cryptocurrencies are not legit? I am disappointed that CBN can say they can not adequately identified the money (naira) that passed through Binance.

Di news tire me wen I read am, CBN governor just de put blame for wetin no concern matter, where I read reach, dem no give any details to prove say na money laundering de pass through Binance or na there government people de stash dem stolen funds. I expect CBN to first carry out dem research first, to know weda di money wey de enter Binance na people own wey de do legitimate businesses or na di ones of corrupt government officials, so as dem de give report na so dem go de back am up with prove say na stolen funds.

Anyway if dem no see where to hold hand na so dem go come de tackle crypto matter, afterall Binance de centralized with customer KYC so make dem give names of people wey de do illegitimate runs for Binance and leave legitimate people alone.
913  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin’s Soaring Heights and the Unpredictable Journey Ahead on: February 28, 2024, 07:16:37 PM
Don't only treat Bitcoin as a price indicator, also invest in it, because over the years since it's creation, it has proven to be the most reputable crypto coin, and with it's increasing adoption has proved that it's value will keep increasing as the years goes by. I believe that Bitcoin has taken care of any fear of the risk of turning to shitcoin or dip to the price of it's early days, because it's decentralized and it's the forces of supply and demand that determines it's bull and bear seasons, and as more people are adopting it the value will keep increasing, therefore we should expect the price to keep reaching a new ATH during it's bull runs. Bitcoin is the best digital asset that anybody can invest in.
914  Economy / Economics / Re: Opportunities During Economic Downturns? on: February 28, 2024, 01:15:00 PM
Despite these challenges, do you think there are still opportunities during economic downturns?

During economic downturn, people must become creative inorder to survive, because businesses will be affected and the prices of goods will skyrocket, a lot of desperation will set in just to find means to put food on the table and live in affordable accomodations. Smart people will think outside the box, they'll either get a second job or learn a skill, inorder to earn more money to survive inflation, also they'll learn to get things done by themselves, what they'll ordinarily call a professional to do for them, so they'll save money. Don't also forget that it's a time when crime rate will increase, scammers, petty thieves, armed robbery, kidnapping and the rest, people will live in fear and worry. This is not fiction, citizens of many countries who's economy are not stable are experiencing these things.
915  Economy / Gambling discussion / Re: When you are not to gamble. on: February 28, 2024, 12:14:38 PM
You can add these two:

When you win little, do not gamble on that day again. But some gamblers will feel like they should continue to gamble and they will lose at the end of the day.

When you are addicted. Quit gambling for a long time.

You and the OP have really provided the best scenerio on when to quit gambling for the day and when not to gamble at all, the OP emphasized on what not to do during loses and you're emphasizing on what not to do after winnings, your advices are a complete synergy on what not to do as a responsible gambler.

Chasing loses is very dangerous because in the process you can become desperate and lose the remaining money that's left with you, also when you need money urgently that's the time you shouldn't gamble because there's no guarantee of winnings. Also when you win, it's better not to be greedy and start gambling with your win, inorder to win more, because you can lose that winning.

What I'll add is what you've always said in gambling and in crypto trading, that you should gamble/trade with the amount that you can afford to loose.
916  Economy / Trading Discussion / Re: Day trading is perfect work for jobless peoples on: February 28, 2024, 11:15:42 AM
Trading is hard and it's risky too, so it's not advisable to have it as an only source of income, because it's not like your regular 8am to 5pm job, where you're sure that at the end of the week or month, that your income is guaranteed. It's dangerous to depend on only crypto trading to make money and take care of your responsibilities, because there's no guarantee that your trade will always be profitable, so if loses starts to occur, there's no how to pay your bills, besides it seems that most traders experiences more loses than profits. So it's better to have another steady source of income, and let the trading to be an alternative source of income, remember to trade with the amount that you can afford to loose.
917  Other / Politics & Society / Re: Weapons sent to Ukraine are ending up in the hands of Mexican cartels on: February 28, 2024, 09:42:34 AM
It could be that these mexican cartels have some source inside that creates deals with them. They need weapons and where better else to get it than the US government themselves, right?


I reason with what you said, since there's no concrete evidence that the Mexican drug cartels gets these weapon supplies from the ones that are intended for Ukraine, then it can be from any other sources, and why go across to another continent to get weapons when they can easily negotiate with their partners in crime and get it from next door for manufacturer country, which is the US. If there's no evidence to proof that the weapons are the ones that are Ukraine, bound, then I'll say that the claim is politically motivated, perhaps a Russian, propaganda to discredit the US, supply of weapons to Ukraine.
918  Other / Beginners & Help / Re: I want seek advice for experience person on: February 28, 2024, 08:58:03 AM
This forum is very organized and I've seen that some members have shared some links that will be helpful to you, so you can get busy with them. I'll advise that you don't totally rely on members in this forum to help you with everything that you need to learn, make your own personal research to atleast gain basic knowledge of crypto, then you can start topic or join in discussions. On areas where you need help, you just need to ask, and from my experience here, many experienced members will not hesitate to answer your questions, so how you increase your crypto knowledge in this forum totally depends on you.
919  Alternate cryptocurrencies / Altcoin Discussion / Re: Reddit has invested in crypto: the beginning of a new crypto wave? on: February 28, 2024, 08:08:04 AM

I'd like to hear your opinion on this issue:
  • Does Reddit's crypto investment surprise you?
  • Do you believe other private companies are holding undisclosed crypto?
  • Is the potential concentration of crypto in corporate reserves beneficial or detrimental to crypto market?


1. Reddit investment doesn't surprise me because crypto investment is a growing trend and every corporation and private companies are gradually keying into it, some openly and others secretly. I'm sure that with time, we're going to hear of many other top companies coming out to say they hodle Bitcoin.

2. It's very possible that other private companies are holding undisclosed cryptos , basically to evade tax and to conceal their stash, especially in countries where crypto is regulated.

3. Currencies are meant to be circulating, whether it's in fiat or digital, so economically I don't think that it'll be good if a large crypto is concentrated in corporate reserves, especially as it's adoption is gradually increasing.[/list]
920  Local / Nigeria (Naija) / Re: Nigeria board sprint on: February 27, 2024, 03:57:54 PM
Una don talk am finish, we naija people no de carry last, and I de very happy say our activity for di board de noted, no shaking, I know say dis morale go help us to de continue to de put efforts for quality post matter and de make di board to continue to de de active.

I thank all our ogas dem wey de encourage us to de make quality posts and I also thank di oga for OP wey drop dis chart to ginger our matter say true true we de try, compared to wen dem create di board. Wetin remain now na make our oga kpatakpata give us more merit source for dis board, as we de grow for di board we suppose to de get more merit to de encourage quality posts. Also we don reach to get sub board and moderator.
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