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I want to thank @mia Chloe specially for being creative enough to bringing this idea to the naija local board, it's a pleasure to be a partaker of this past contest. Secondly i want to thank those at the top for showing leadership by their donations and encouragement, I just pray this year own will be more better.
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Op their is more to life than being a legendary member in this forum, am asking you, if you are not educated how can you relate well and make meaningful contribution according to your rank? See to tell you the truth there is no comparison between them, because nothing beats education.
If you think education is expensive, try ignorance.
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Right now it's only people that are misinformed or uninformed that put their money in fixed deposit just as this, because not only will your money lose value, inflation will eat it up.
Just take a look at dollar today, those that bought dollar of 1k at the rate of 700 naira would now be in profit without even trading the crypto market.
So I advice that if you can't keep your money in BTC expecially this year, then save it in dollar.
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Fine, you illustrated how millions of dollars were liquidated but you also need to understand that people also made millions out of it, in as much as I am holding a good amount of Bitcoin, i still trade because in trading if you are good at it, you are good at price action trading, you will gain more than losing.
Another thing I really kick against is high leverage trading, it's the enemy most trader fail to realize till they have been liquidated.
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Wetin dy worry me most for all this kind of thing is that, as we don dy spoil our reputation by ourselves like this, wen we travel abroad, mostly to the western part of the world, dem go just dy dey very cautious wen it comes to us, because dem go don dy see us as corrupt set of people, dem no go just trust us even though dem know say we get good one's among us.
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User: Barikui1
Position to Apply: Member
Post Start: 131
Bitcoin Address: bc1qzs765767k8r5lrhsaxttzt37pjjxp54wkp66k7
Elioncoin address: EVxpgum1tmQHXBZqjjZdJRjfpwvN6afXaj
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Good evening my country people, abeg🙏🙏 make we no dy paint ourselves black for everyone's eye abeg, in as much as some of us dy new for this forum, make person wey bring you come try give you proper orientation abeg, for this forum we get reputation and respect we must maintain, and na our duty to protect ourselves. Fine, we know say our country bad, but make we no dy go outside go dy campaign am abeg, many set of people wey bad pass us dy for this world, make we no dy go clean our dirty clothes outside abeg. Anyway we carry ourselves, na so dem go take see us as, make we try, and may God bless us. See wetin one of us go dy post for economic section of this forum, https://bitcointalk.org/index.php?topic=5480521.new#new |
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Rapid growth and development are two essential desires of societies within the third world countries. But corruption had become the only problem to those desires among underdeveloped countries.
Global rating shows African countries especially Nigeria as one of the top most corrupt countries among others including Zimbabwe. The peculiarity of the highest in corruption index is Zimbabwe dollars by all evidence.
In an attempt to be richest among successive governments in the country, currency changes were used to amass excessive wealth. Successive governments introduced higher denominations of currencies up to trillions which caused over 300% inflation rate and complete collapse of the economy. The country has abandoned their currency due to bloated production of the currency in excess, from the onset, in order to allow excessive looting, the monetary policy allowed an excessive inflow and outflow of cash without regular of circulation.
Corruption affects development through inflation, inflation in turn is determined by the greedy forces of production, supply . Those who owns the means of production and distribution monopolizes the price control system to get richer.
So as the low and middle classes struggle to meet the needs provided by the wealthy, they get poorer while , the rich get richer through the exploitative manipulation of the price system. This is one way the development of societies are affected because, only few could be able to get properties and develop themselves.
Corruption in Nigeria and other African countries , corruption runs in a structural pattern . The political class installs people in positions to get returns. In that way , the system is dominated by a clique of allies with one ideology to protect each other's source of wealth.
Corruption in countries are in different forms.
1. Sex for job
2. Buying of job opportunities
3. Nepotism
4. Favouritism
5. Money Laundering or siphoning
6. Bribery.
Among all the fifth item is the major cause of under elopement in Nigeria and other countries. Culture and tradition places a minor role to development in only rural communities where they resist certain development to preserve lands and other historical properties.
In the time past , several ideas have suggested solutions to the problem of underdevelopment in Nigeria. In 2014, the Nigerian Government suggested Restructuring political powers and administration.
So far all the suggestions have failed and obviously, there will not be changes until, the Chinese communist system of administration is adopted.
A public or political leader must not acquire certain properties and nut not be richer than a certain net worth, with a stipulation of death penalty ( death by hanging). This will certainly stop the excessive looting and siphoning of public funds.
What do you think?
Who told you that Nigeria is the most corrupt set of people in the world? In as much as we have bad people everywhere, there are also good and reputable people in the Nigerian society. Look at how sweet and peaceful Switzerland is, are you telling me that there is no corrupt person there? just as @crypto Library had said it's not only Nigeria, it's a worldwide desease that needs to be purge out of our system. |
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Hey folks,
Basically, I have around 25$k to invest, and I really want to hit least 200K$ by the end of this year.
Could you please give me some tips and advises?
Also, It is an amount that I honestly don't want to lose since it counts significantly to my capital.
Background story, I have quite the portfolio that would count around 150k$ at current prices, some I sold early and some went greedy and lost.
I did learn a though lesson about patience tho.
Also, psychologically I am done with trading since the lost, I was great at it but one drunk night got me bad lol.
Don't drink and trade folks.
Thanks a lot!
I can't tell you too trade the futures market due how risky I believe it is with such a huge amount of capital, and besides I don't know how skill you are as a trader, but what I am confident about is that it's more better you buy and hold Bitcoin. The bull run is around the corner so it's another opportunity for you to buy and hold. |
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In as much as trading can be very profitable if carried out properly, it also can be very risky, because you can lose all your fund if not done properly, so today I will be listing down step you have to make first before venturing into the market; (1) Go for knowledge first: as a crypto enthusiastic or an investor it's very necessary that you knows all that it entails on how to navigate your way safely in the crypto industry. Knowledge to me is paramount because with it, you will know how to react in certain situations, which will really be helpful in your crypto journey. (2) you must learn how to be patient: without patience it's nearly impossible to be successful in the crypto market, that is one of the virtue required in the craft. (3) Do not see trading as a get rich quick scheme: mostly the set of people that falls into this particular trap is the newbie's, but after some series of losses, they will discover that it's not really what they thought it is. (4) learn how to control your emotions: as simple as we mostly thought it is, it's one of the most difficult, but it's very advicable that you trade with what you can afford to lose so that your emotions can be in check. (5) plan your entry and exit point: most times this lack of planning cost us dearly, because failing to plan is like planning to fail. (6) leaverage : before trading, know how to use your leaverage properly, almost all unprofitable traders is a victim of this, they uses too much high leaverage which can make you get liquidated easily. (7) know how to manage your risk: in other to stay in the market for long, you have to know how to protect yourself ( your capital), protect it with all your might, pay more attention to this, because you might win five trades in a row and lose everything at once if you don't know how to manage your risk. (  wait for the right setup: trade only when you are sure of the market, if you don't see the right setup don't trade, it's better your capital is intact than risking it when not sure. Even though it warrant you to trade once in a week, it's better than losing. |
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What we have to do as Bitcoin enthusiastic is to throw more light about cryptocurrency to the people that are totally misinformed about it, because uptill now, there are people in the country that knows nothing about cryptocurrency, they still sees it as ponzi scheme, so we just have to educate them more and show them the benefits attached to it, and always try to convince them to do there own research.
Don't try to force it on anyone, so that you wouldn't be seen as a scammer.
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In life you cannot please everyone, what Mr A might do in a certain situation is totally different for what Mr B will do, we as humans we just have to follow the right path and do the right thing.
It's very important that if you really want to succeed in life you must learn how to develop a thick skin, look at our leaders today, they go through all sort of criticism because there are certain policies that we doesn't agree too, but they still stand strong and keep on doing the work they were elected for.
Their are so many people out there that small criticism of how they are going wrong, they would want to run away, by resigning or quiting, but to be successful you need to understand that you cannot please everyone, and your decision making might be wrong which will definitely attracte criticism, but a man with thick skin will learn from it and move on instead of quitting.
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As a holder sometimes you need to think out of the box and look at the challenges that will prevent you from holding Bitcoin till the appropriate time.
Just as what the op has said, taking small profit from your holding wouldn't give you the right results, another thing i also recommend is, to be a good holder, you must have a source of income so that you wouldn't be looking at your Bitcoin holdings anytime you go broke or you have to settle some basic needs like feeding or rent.
Concerning our choice of storage, the op is really spot on, in a centralized exchange your holding is always at risk, because it's not your key, it's also not your coin.
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Bro to tell you the truth, no body go see better work come go learn handwork, you know why, good paying jobs go make you live a better and easier life, the stress wey come with handwork too much compared to higher paying jobs, and besides you fit dy work for that higher paying jobs and still run your business wey be plus too you.
E dy really hard to see handwork person live large oo, but e dy very common for higher paying jobs workers.
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China warns that using tether (usdt) as an intermediary in foreign exchange transaction is a violation of the law. The supreme people's procuracy(spp) and state administration issued a public warning, emphasizing that the use of tether(usdt) as an intermediary tool in transaction between Renminbi and other foreign currencies are not suitable. This includes indirect participation, such as technical support or provisions of exchange services. https://www.binance.com/en/feed/post/2207492174690?ref=102894024&utm_campaign=app_share_link |
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Im looking for traders who will trade with my capital and instructions.
You will be using my funds and trade according with my method.
Anyone interested ? And you will be paying my share every week to me or 2 weekly how i want.
You need to have some experince Im not gona teach you basics so i hope to find some good partners.
Thank you !
When you don't know how to trade, the best thing you can do for your self is to take part of that money you said you have and go pay for knowledge, because in this space you only got what you deserve, their is a higher possibilities of you getting scammed if you release your asset to someone as a novice that you are. Brother and go pay for knowledge, and trade yourself. |
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At one point in time we all have our own time when we were skeptical about it, and we missed out on the early opportunity to acquire it more earlier, but we lost it, due to our distrust then, but we won't sit by and keep on crying, we just have to make every opportunity count, by buying BTC through the DCA method because we are still in the early days of the rise of Bitcoin.
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My brothers and sisters for this kajad cabal I greet una and happy new year to all of us. I say make I table this matter for here and if say person don discuss this mata, my apologies as I no see any of such nature before I bring this one up.
Wetin make me dey ask this question nah say after observation, I discover how some newbies wey register here, after them don drop some posts and e happen say one of the posts receive backlash, you go see say gradually, that user go start to dey scarce for here and before you know e go twy before you see them.
So I wan know from us, wetin we feel say be the reason wey dem dey lose interest like that? Abi nah say some no fit stand criticism or here too hard or wetin? Abeg make we discuss.
My brother you really dy on point, to tell you the truth, na road I don pass before, criticism na something wey no be everyone dy take lightly, e get on post I post during the first week wey I open this account, my brother if to say mouth dy kill person, I for don die, initially I been wan respond back with anger but I come reason am say since true true I dy wrong make I leave am, but I no post again, I just lose interest in the forum entirely. I come dy vex say people go just dy tlk anyhow for post wey I crack my brain arrange, dem no even know wey I go through go create dat post, even wen I been dy school I no crack my brain like dat, but person go just rubbish am without even any consideration. Of a truth, e take me like 3 or 4 weeks for me to post again,but after den I learn, and wetin even bring me back na the small additional knowledge I dy get from the forum. Secondly e dy very difficult to keep on posting wen you no dy grow for the forum, e go just dy do you as if you dy waste ur time, sometimes we wey be newbie dy post something wey deserve merit but we no dy get am, and you will be forced to ask yourself say make I first dance naked first before dem go know say this or dat post deserve merit? To me the most discouraging is wen you even make the quality post, but dem no gree merit am, even wen you deserve am, but you go see post wey no better pass your own get merit. |
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Hmmm, you don talk well my brother, but to me oo, e dy very good make you invest more on ur house for ur hustling area because even though you build mansion for village, e no go get value like house way you build for city, and remember you fit still give am out as rent, dat one na another advantage, but to build mansion for village it's near impossible to see person wey go rent am according to it's value.
Me I prefer like 5 bedroom flat for village and my mansion for the city because if both of them na mansion, dem no go still get the same value.
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Not all crypto projects are created equal, identifying which crypto token is a scam, and which memecoin is legit. How do you know which projects are safe to step into, and which projects are doomed to fall flat some months from now. The blockchain is awash with promises of quick money and easy rides. But it pays to know if the token you’re holding is part of an elaborate scam to separate you from your hard-earned cash. There are eight straightforward ways of carrying out your due diligence to avoid fraudsters 1. Start from the very basics by a. Check for social media red flag b.Check for the token’s address in a Google search 2. Check code is verified on Etherscan 3. Check the Etherscan comments section 4. Check the DappRadar blacklists 5. Check the token details in a token explorer If you cannot find the token on CoinGecko or DappRadar’s Token Ranking (or a similar coin price tracker), the token is probably a scam. If it is on the token explorer and you see warning notifications like this, proceed with caution 6. Check how many exchanges host the token If the token is only traded on a couple of decentralized exchanges (DEX), it is almost certainly a scam. Listing on a centralized exchange comes with KYC and additional trust, and the bigger the exchange the better the reputation of a listed token. 7. Check the amount of liquidity in a token’s balance pool Before you invest in a token, you may want to check general demand and the availability of liquidity. It is very easy to check a token’s liquidity on a platform like Uniswap V2 or other decentralized exchanges. 8. Check third party analysis tools Smell Test – this does an automated audit of the token. The lower its score out of 100, the more likely the token is a scam. Reference:- https://dappradar.com/blog/8-ways-to-check-if-its-a-token-scamAll your point you raise here are very valid, but for me what I mostly watched out for is if it's been listed on binance or bybit, if it's not been listed on any of it, I stay off that coin to avoid stories. |
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