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I've been away for a while, but I missed being in the forum. What prompted me to create this post was my previous experience and also a recent clip I came across on the media, I know many might had fall under this category but I'll share my experience and also a similar one from the clip for members to take precautions so they don't lose their assets due to minor mistakes.
Well, I'll start with the similar experience from the clip, a young man who bought Bitcoin since 2010 and saved in a flash drive probably stumbled upon the flash drive and discovered he had about 55k BTC and out of shock and excitement began to book vacations and check expensive items online, then immediately decided to withdraw his asset. He downloaded an exchange to withdraw and sale but didn't copy all the deposit address and lost all the 55k BTC worth a fortune currently.
My own experience was that i copied my address and sent to someone depositing to my wallet but I didn't cross-check to see that I've mistakenly typed two more letters as I pasted on my keyboard before sending, I waited almost the whole day and didn't receive any deposit but the person said they've already sent then I checked the address I sent and figured out the mistake was from me, I felt pained to make such silly mistakes and ever since then, I've been so careful not to make such mistakes again, so you all should take note, nobody is above mistakes but be extra careful not to lose your asset too.
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OP, if you say there are fake religions, does that mean you believe in real religions? then what is the original religion? Because basically a belief can be assessed if you believe it.
Again regarding investment, as well as regarding religious statements, this is just a form of information diversion. Those who want their followers' investments to go into their own pockets thereby prohibiting their followers from putting money elsewhere. Their only goal is to control other people's wealth in order to enrich themselves, expanding this doctrine under the pretext of religion as a cover. With the development of information that is easily accessible, people are increasingly critical, especially about finances, therefore if they still believe in things that enslave themselves, it is because of the customs of their ancestors who inherited primitive ways of thinking.
I noticed you misunderstand my post and that's why you're misinterpreting the whole concept, I never talked about fake religions. if you noticed, I stated it clearly that I'm not against religion, I value it alot and my post is concerning false religious prophets using religion as a means of stealing from people, and those who blindly fall for their false teachings instead of investing on themselves. This post was not created to argue about which religion is best or not, you're the one bring that up and moreover no religion is best everyone has the right to chose which religion is best for them, so please let's not bring up that argument here, you could take that to off-topic board and discuss there, I believe lots your like-minds would be Interested in that topic. People believing in the primitive way of their ancestors is still another thing but it still falls under false religious leaders cause they're are still leaders in that category who make sure those primitive lifestyle are still kept by those they lead, presenty I've seen people being misled by different religious leaders into investing in their religion for their own selfish interests, those religions are not the problem but the false preachers deceiving their followers. |
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It was confirmed by the CEO of Telegram, Pavel Durov O'zbekisondagi that since Thursday to date about 13.8 million users recently joined the app and about 11.6m of them are from Nigeria, and from my understanding it is based on the recent ongoing mining activities on telegram that's made lots of Nigerians to flod the app. Recently Notcoin which is a new Cryptocurrency from Ton blockchain and was mined through telegram recently launched and lots of people who took it seriously benefited from it. Now those who doubted Notcoin where shocked at the price of it's launch ($0.0144) with a market cap of about $766million.
This has triggered those who missed out on Notcoin to now turn to other coins mined on telegram and thus it lead to the massive inflow of users stated above. Millions of Nigerians are now mining several coins on telegram, one thing about Nigerians is that they'll always seize an opportunity especially when they've got prove that they could benefit from a project and the launch of Notcoin was an eye-opener for lots of people.
Well the government might be against Cryptocurrency but currently the youths have totally embarrassed it cause lots of people are making profits from it therefore it would be quite difficult for the Nigerian government to totally ban Cryptocurrency cause Nigerians would always find a way to go about it. But then everyone needs to be careful cause there would lots of scam sites on telegram claiming to be mining projects and lots of ignorant people would lose funds to scammers
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Knowing about what trading is,is not just for Newbies,it is for Everybody, because I believe as long we still fall victim of lose,we should still go back to try to learn more about trading.And as for Newbies who literally know nothing about it,they have to be frequent in the trading board and be very active in the discussions there,by so doing,they will know the different strategise which one can use in trading and it will work.They say experience is the best teacher,he who is informed,and knows what to do as in regards to trading,will always be on the winning side.
One thing I've come to take note of is that in life, learning is constant and no one knows it all, even as a professional trader there are some things you don't have to foget else you'll make mistakes and still fall back to taking corrections thereby learning or taking note of what caused the mistake so it won't repeat itself. I don't even think people who have zero knowledge about trading should engage in it for the first place, atleast it's good to know about something before you do it else you'll repeatedly make lots of mistakes. That's why i agree with your idea, of bringing to the notice of people without proper knowledge about trading that there's a trading discussion board where they could fall back to and gain knowledge of it. Trading it's not like the normal way of Hodling Cryptocurrency for a long term to make profits, it's highly risky and requires one to be highly strategic, therefore involving in such without a proper understanding could make one lose lot's of funds. Well the good news is that the forum has provided users with a board where they could acquire basic understanding about trading and learn from professionals here. |
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If something could be done by the community or someone, i think they would've manipulated Bitcoin to even exceed $100k but then it's not possible because Bitcoin ìs decentralised and it's price is volatile in nature and can't be controlled or manipulated by anyone, I believe that's why the founder Satoshi made himself anonymous so he won't be disturbed by anyone to influence the price.
What controls the increase or decrease of Bitcoin is no one but the demand and supply which means the higher the demand the suppy becomes lower making it's price increase and the higher the supply the demand becomes less and the price reduces that is to say you should buy more when the supply is high and sell when the demand is high.
You're not in a position to influence the price of Bitcoin or set it to an ATH but what's required of you is to invest at the right time, Hodl for a long term and wait patiently for the demand to get high so you could sell and take profits instead of thinking of how to influence the price of an asset that can't be influenced by anyone.
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Those who want to be deceived by religion will be deceived. As for me, I hardly accept or believe in the wrong ideology of all these pastors who preach about how their members will be given to the church, not about how their members will grow financially.
Someone will hardly go to the church year to year, to listen to business ideas or get introduced to any business. What they will hear most in the church is how to give and be rich and expect God to open doors of blessings for that, without them knowing that God will bless the work of thy hands so long as the person is not lazy or doesn't kill. God is not a partial God, he blesses and reward who he wants to without minding whether the person is a Christian, Muslim, Hindu, or traditionalist.
I come from a society that's very religious to the point that most people could even believe their religious leaders over their doctors on health matters you could see people praying to get healing when they're supposed to visit the hospital for checkups, they allow those false prophets feed on their ignorance, and of course they end up paying huge sums of money to false prophets for healing and deliverance. Nowadays, in my society religion is now a means of looting peoples funds due to false teachings by bad actors who claim to be called by God, they would never advice people on business or helping them grow financially but they'll mislead them on certain things by telling ignorant Church goers to sow seeds and tithes to get blessings from God, some people instead of working hard to expand their business or investing more on it would gather the little they've earned and give to so called pastors for prayers. What surprises me is that people still fall for their wrong teachings till this point, someone would even go to the point of causing commotion amongst peaceful families, for instance telling a member that their parents or a family member are the reason why they're poor or not doing well in their business and still ask them to sow the little they have for God to bless them or for spiritual cleansing. This have been going on and many people have been victims to this especially innocent women who take their spirituality seriously, i think more awareness should be created to put an end to those false teachings by prophets that misleads people from investing in themselves, business and deceive them to sow seeds and forcefully pay tithes for their selfish interests. |
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 I value religion and I'm not against it, but this post is concerning those who are religious and allow it to affect their mode of thinking, most people blindly believe in false teachings by some religious leaders and think what they believe on would favour them without putting effort, well I don't doubt that miracle happens but there are people who are too relaxed and put little effort towards making investments now to make their grey days work free and more easy. I've overheard some false spiritual prophets mislead their audience, saying that Cryptocurrency is demonic and it's the money created through the government to mislead people to hell and that according to the holybook a general currency would be created and used by those who have the mark of the beast bla bla bla, all these are just blind informations used to mislead people I believe there were people in the stone age or time when cowries were used who would never believe fiat money would be used in the future and would be very shocked right now if they were present, so why are people still shocked and confused as the money system is now evolving to digital currency which is Cryptocurrency, which has many assets for investment especially Bitcoin. I just hope those misleading their audience from making investment would read this place in the picture above, in their holy book (Ecclesiastes 11) where it talks about investing in different places cause you never can tell the bad luck they could have, alot of people missed an opportunity to invest in Cryptocurrency, Bitcoin especially cause they thought it was a scam or demonic but they were very unlucky to miss an opportunity to acquire wealth. Their are other people only depend on one source of income forgetting that things could go wrong and they'll be brought down to zero financial level. I'm not saying Bitcoin is the only investment option right now but people should spread their investment in different areas not only depending on office jobs, and most importantly avoid being misled by their religious leaders. |
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That is why we choose which kind of debt we are up into whether it is a good or a bad debt we can personally decide. The only problem is that majority of people use bad debt to fund things they don't even need I mean those "wants" are the worst liability for me because I've been there before but then I realize I had to change my mindset or else I will be having a never ending debt.
from my own understanding and my reasoning to be a debtor it's not really good and it damages the image of the person so that is why I don't like to inform myself owing someone because I know something that it will result tomorrow, owing a somebody a something that have to do with the this regard in Society because when you are owing someone the person would like respect on you and they will also this regard you when you have not refund him or her money when you are not supposed to make a refund Taking loans or borrowing to fund unnecessary stuffs is not a good idea anyone who does that should think twice and retrace their steps, it would be more profitable if you take loans to invest in a good business, atleast you could make profits and clear your debts and not on using borrowed money to fund unnecessary items or lavish lifestyle, I attracts embarrassments when you're unable to pay up. Just like my dad use to advise my mom when she's thinking of taking loans from friends , he'll always say taking debts is not good, whether the lender is your friend or close family, he also mentioned that a debtor is like a slave to the lender and the person who lends could treat you bad or embarrass you in public, which is the damage of image mentioned by George John. I've witnessed people quarrel and fight over an unpaid debt and it's so embarrassing and I won't like to see myself in such situations therefore I'll always avoid anything that could make me be in debt to anyone and even when I'm in debt, I try to pay off on time so as to avoid unnecessary embarrassment that could've been prevented. |
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Willing your bitcoin assets with an involvement of a lawyer to me isn't a consent of third party yet because while you lives, your seed phrases is just between you and your trustee being your lawyer and when you're no more, the lawyer can sideline it and your family could be left with nothing and they literally can't fight it out because there's no proof that will.
The only option is having a private savings box that may contain your internet private details probably if you've your seed phrase stored online or stored offline in the box and during when you exit, behold, your wallets and privacies can be traced if your family can get reach to the box.
You only need to have a family that respects your Privacies and you too trying to be much logical so they you don't over trust them because anything anytime is possible to happen by any memeber if the family throwing stone to invade.
At some sensitive points in life is so choked that we'd be left with only one option and no other possible ways. That's he scenario here.
It think it all depend on the level of trust between one and their lawyer, there are still good trusted worthy lawyers that are genuine, and still carry out their duties according to the oath they took upon their call to bar, but lately the heart of men (man/woman) is becoming very deceitful, so it would be quite difficult to trust any lawyer with that currently. Well, I agree with the idea of a saving box but to be specific not the regular local saving box but a safe that has a code in which you can safely store documents including the password which could be handed to your next of kin but not by your lawyer cause the lawyer may still send robbers to invade the house and penetrate the safe. I don't even think such information concerning the safe should be entrusted to everyone in the family cause in every family there's always a bad sheep that would always kick family laws so it should be given to a trusted person who could either be your wife if you're married, next of kin or mother if the next of kin is still a child. |
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Hey guys have you seen this, CBN directs banks to impose 0.5% cybersecurity levy on all transactions Two weeks from now any fiat transaction Nigerians makes a levy fee of 0.5 per cent will be charged from your account and according to the government they tagged it cyber security levy, and this is outside other already existing bank charges we have been paying for before now. You can read the full news in details here https://punchng.com/cbn-orders-banks-to-charge-0-5-cybersecurity-levy/Is this government just all about taxes? I remember when President Bola Tinibu made mention that they'll increase the tax net, let the net get bigger and take in more taxes, every thought he was joking, I think this is just the beginning, they're aware that people would complain and there would be protest here and there if they directly imposed more taxation on every citizen so they decided to use different methods of doing so. This is very unfair to citizen it's not going to help our country in any way, were currently undergoing economic crisis, people could barely feed three square meals currently and all they could come up with is a form of extorting money from citizens all in the name of Cyber security levy instead of looking for ways of boosting the economy, attracting more foreign investors and increase the salaries of workers. Normally the main purpose of taxation is to generate revenue for the government to use in providing a stable economy, build infrastructures, create job opportunities, help finance government and public sector but in our country it's the other way round, majority of people in the government sector steal public funds and leave citizens with peanuts to survive with. |
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Omo that your last statement really got to me because I never really check and look at the whole thing from that angle and that's why am marvel to the fact you dropped, I don't know how true this is but it's seem like exactly what the Nigerian government can do because they themselves are the major user of the dollar and now they have pinned everything on the poor image of binance and all CEX and crypto at large.
Yes they're the major users of dollar and are trying to manipulate people into believing those exchanges are at fault, so everyone would think the cryptocurrency is crumbling our economy but that's not true, only the ignorant people who have no idea about Cryptocurrency would believe such. Our government is bad and I won't think twice before I believe they're the ones manipulating it all. For instance during the previous election when the former CBN governor made Naira scares before the election to avoid vote buying some politicians seeked another alternatives and started distributing dollars to selfish citizens and Inec officials, that alone is capable of devaluation of Naira against dollar. But yet none would be held to give account for that What they're forgetting is that no government would last forever, their own tenure would pass and a new government would come in, we might suffer this for a while but it won't last forever. One thing I love about Nigerian youths is that we'll always make a way for survival and I just hope the new government would be Crypto friendly and appoint sensible officials especially in the financial and economic sectors. |
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 I came across a vídeo on the media, involving the former deputy Governor of Ekiti State (Biodun Olujimi) who's currently the Sen representing Ekiti South. the vídeos i saw is a plenary meeting of the senate concerning the regulation of Cryptocurrency but what got me very interested was a speech made by Sen Biodun. "Mr president there's really not too much to say about this. We didn't creat Cryptocurrency, and so we cannot kill it, and we cannot also refuse to ensure that it works for us. Definitely they are not like us, me i am used to tangible medium of exchange, i carry my cash in my pocket like bait, but the world has gone so far Mr president, and this children are doing great business with it, they're working everyday on their laptops, on their phones and they're getting results and Nigeria cannot immune itself from this sort of business and, what we can do is ensure the space is regulated in such a way that bad people cannot use it. What we didn't create, we cannot fully regulate but we can manage it and i believe that is why this motion is really important, the time has come for us to be able to harmonize all the issues concerning Cryptocurrency and have a proper way forward on how to manage it and manage our youths". I was really amazed by this speech and I'm happy that despite the bad government, there are still sensible people among them, that would always kick against their wrong act towards frustrating the youths. What impressed me about her is that she acknowledged the fact the youths are really working hard and getting results out of Cryptocurrency and the Nigerian Local Board and the progress of Nigerians here is a proove about that, not some of our politicians who thinks we're lazy. Like she said, banning exchanges or banning Cryptocurrency entirely is not a good way to go about it, but ensuring that it is regulated in such a way that bad people can't use it is a very good idea. The government should think about how many businesses they’ll collapse if they ban Cryptocurrency entirely cause it could further increase the rate of crime thereby forcing more youths who's business are crumbled to go into criminal activities for survival. Here's a link to the video incase you're interested in watching it. https://twitter.com/PulseNigeria247/status/1359869126785785858?t=c3DsAIpyy4fUF6pOTZQbtA&s=19 |
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No worries at all if you know and seen how and last year has started.
Those that are worried probably bought at the new peak which is $73k.
The best is yet to come and who will be the most patient wins.
Anyone who understands how BTC operates would see no reason to get worried or panic cause the best is yet to come. It's only those who rushed to invest into it when they got little idea that would see a reason to panic when the price of Bitcoin goes down, most of them got into the market due to wrong informations they got about the halving. I believe the man who was complaining to his friend when the price went down would be very disappointed at himself currently if he had sold then cause few days after the price went beyond the initial price of about 57k it was when he made mention of selling his coin. Now this would teach him a lesson if he sold cause Bitcoin is currently 63k and has a potential of going higher. For a person holding for a long term, buying at the peak of 73k shouldn't be an issue, mostly if the person bought bulk Bitcoin then there's no reason for panic cause there's a great possibility of Bitcoin going beyond that mark. |
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Another valid point those in Government positions whether Executive, legislature, Judiciary, civil servants and security etc the main purpose and major priority in joining these government bodies is to serve the Nation. I think if members of these government bodies can prioritise national interest and render selfless service to our nation those whom are corrupt can be held accountable for corruption and other negative practices.
Everyone of these arms of government have their own roles to play in handling corruption in this country but I think the Judiciary and the security sector got a major role to play in reducing corruption and putting corrupt leaders behind bars. A normal citizen can't do that but them, that's why I believe they've got a major role to play. It would've been easier if those two sectors play their roles very well but the system is so corrupt that many security personnels and Judiciary won't hesitate to collect bribe and hide the crimes of those evil politicians especially when they give them very huge offers they can't reject, take for instance what happened in the previous elections where both the Inec chairman, security personnel's and Judiciary played a role in causing an unfree and unfair election. Currently the system is so bad that even though any security personnel or Judiciary tries to do the right thing they'll get threatened by those politicians and risk losing their lives or loved ones. And to make things worst; they've become so bias that those in the ruling party who commit crimes and loot public funds are safe but the opposition parties are held by the law when they're at fault. Now they're trying to say the law doesn't hold government officials in the ruling party anymore. |
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Two adults were having a discussion which included something kids shouldn't know about as the conversation was ongoing then the child of one of them tried to pokenose by giving advice to the friend of her mother on how to seduce a man she was lusting after. At some point the mother was so ashamed and rebuke her then asked who taught her what she was saying, the child replied, blame it on technology and the Internet. Now do you think the child is right?
I don't know about you but my answer to that question is no, I'm aware that there are several adult content on the Internet currently that could ruin kids and the technology she meant was gadgets like phone and laptop but then those stuffs were not designed to ruin mankind but to help us improve and as a parent you're in the right position to guild your children, teach them good morals and help them not to get misled by the Internet when parents are too busy to check up on their kids regularly or monitor their day to day activities with those gadgets then those kids are at the risks of going astray.
On thing about them is that they learn very fast and if their parents are not there to give them proper guidance then those kids could go astray instead of using the Internet and technology for learning they'll rather be misled by it, that's why parents should learn to set up parental control concerning adult content on the devices at home so kids won't misuse it. If you don't teach your kids good morals and let them know the consequences of doing bad then other spoilt kids would mislead them.
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It is very clear and obvious that most people do not know the difference between knowledge and understanding. There are people who have knowledge on crypto but they don't understand it. According to English Dictionary, knowledge is the awareness of a particular fact or situation; a state of having been informed or made aware of something. While understanding is the mental, sometimes emotional process of comprehension, assimilation of knowledge, which is subjective by its nature, that is to say that understanding is the application and not just application but the right application of knowledge.
However, they both work hand in hand in order to achieve a desire dream or goal. The reason why most people don't grow or improve in life is lack of understanding, they might have the knowledge but they don't know how to apply that knowledge. Sometimes, one of the reason why we lost money and some other valuable things in crypto or some other investment is lack of understanding, even the Bible said that above all, we should get understanding.
Knowledge and Understanding are two different topics or should I say two different philosophies that’s majorly needed in every philosophy of life. These two philosophies to an extent can go together as you will need proper knowledge on a topic to be able to go have an understanding of that particular topic. Moving forward, having proper understanding of a topic helps to bring success on a particular topic or project. Now having a knowledge is more like having the little idea on a topic and all but understanding is a proper and full knowledge on the topic and as such this full knowledge will be able to help you make proper decisions to be able to help you succeed. In the cryptocurrency sector, one with a basic knowledge will just be having a little knowledge of them knowing about coins and all but with a proper knowledge you will be able to go on with market trends and all. Full knowledge which is proper understood will help one be more successful in the world of cryptocurrency as it will help you be able to study market trends and as such you’ll be able to make some key decisions to help you scale through. it’s very different in knowing what to do and how to do it in a useful way and more effectively. |
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A lot of complains have been coming up lately about Kucoin, from poor customer service to scam vendors and this is one thing the company needs to look into, else they'll end up losing their reputation. Situations like this makes people miss Binance a lot, their P2P was very transparent, easy to understand and trade swiftly with good vendors, not to talk about the good customer care they had.
When the government placed a ban on Binance P2P many of it's customer seeked different alternatives and Kucoin is one of the exchanges that benefitted from it, cause I know most of my friends switched to using that exchange for selling their coins but then with the rate at which their vendors are beginning to act strange I feel they'll lose lots of customer cause my dear many people are complaining about this same situation.
And for a vendor that's verified, I didn't expect that from such person, thats the kind of person who ruins the reputations of most of these exchanges, it's not like Kucoin is a bad exchange but most vendors there are not very transparent. Anyways thanks dear, for bringing this to the notice of the forum members especially those who use Kucoin so they'll take precautions and also avoid trading with that vendor.
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I overheard a discussion between two friends and one was telling the other that Bitcoin is a scam and that a lot of people preached about the halving and how people could cashout from it. The other friend was trying to convince him to continue holding his asset but he refused and replied that nothing would stop him from selling the coins he's holding.
When I heard that man mentioned cashing out from the halving, I understood that he might know about Bitcoin but he's not properly enlightened concerning it. A lot of expectations were cut short after the halving event cause most people expected Bitcoin to set a new height of $80k but then it didn't even get close to the previous all time high and have reduced below $60k currently.
I think people shouldn't get discourage by that, though I didn't experience other halvings cause I had zero knowledge about Bitcoin then but i think something similar have occurred before in one of the previous halving where Bitcoin price didn't go up as expected but later traced back and went up after some period, a lot of people might begin to panic and sell their coins but I still see this an opportunity to buy more Bitcoin and for those who are not opportuned to do so, holding is the best option, please correct me if you think am wrong
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