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1  Local / Nigeria (Naija) / Learning Instead of Signals on: July 25, 2023, 12:12:28 PM

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I will advise you to return to the books so that at least when you get signals you can decide what part to take. There are books that give you good knowledge on technical analysis studying does book might profit you in comparison to always depending on signals you get from platforms. This image has explained everything in the Bitcoin ecosystem, especially when it comes to trading. Many people failed to learn instead they depend on signals, and the interesting part is how some people spend good money to get signals, Especially in Telegram groups, I've received invites, but I'd rather add knowledge than chase signals because that may lead to getting scammed, which is bad for business. Even the danger of heeding some warnings carries the potential for financial loss. I see how people run to signals and if you are comfortable with your signals also consider adding knowledge to for does wanting to trade.  from contributions that will be given you, we can all learn together.
2  Local / Nigeria (Naija) / Security Alert on: April 03, 2023, 04:33:19 PM
I got a call today thank God for true caller already saw the name fraudster, I smiled and spoke calmly, and he told me that opay is currently under maintenance that they are going to be sending me OTP I should call it out for him all was his intention was to login to my account and swipe my account most people have switched from banks to opay wallet and many more. Please all of us operating opay should be alert and also try to inform our loved ones about this information. Just that the painful aspect of it is that a lot of people  have falling victim. All this fraudsters are trying by all means to take advantage of innocent  people.
3  Other / Beginners & Help / No one is left behind in crypto on: November 23, 2022, 08:23:04 PM
I appreciate the fact that bitcoin is a truly free market, not only for the wealthy or those with money to invest. I've heard people grumble that they don't have enough money to buy bitcoin after hearing how much one bitcoin costs, but they should remember that they can buy them in fractions. People who get access to such knowledge should be welcomed rather than discouraged, now that the market is a bit down by some friction, it is cheaper to get pocket some Bitcoin in your wallet.

Additionally, because scammers have evolved strategies to take advantage of those investing in bitcoin, it is critical for everyone to exercise extreme caution and research typical scams. Knowledge, as they say, is power. Even while knowledge is rapidly spreading, many people are still unaware.

If you have the intention of buying some bitcoins, you can buy as low as $10 bitcoin on local exchanges or any exchanges that doesn't require verification. To buy bitcoin:
1. Select any exchange to buy from after the account has been created.
2. Deposit cash to invest in your local vendor or deposit if there is an option.
3. Place an order and buy bitcoin.
4. Move it out of the exchange to an external wallet. Don't leave your bitcoin on centralized exchanges. Happy being a bitcoin holder.
4  Other / Beginners & Help / What is a seed phrase precisely, and why is it significant? on: October 03, 2022, 06:25:20 PM
Most of us who are beginners have heard of the term "seed phrase" but are unaware of its significance. A seed phrase is also called a recovery phrase in a simple note a seed phrase is just a random word generated. However, wallets allow users to access and manage the money they store there. As the name suggests, a recovery phrase acts as a password for your wallet, ensuring that you can always recover your assets even if your wallet is deleted or you experience device problems. In some instances, they refer to the recovery phrase as a master key.

Full description of a seed phrase

The appearance and creation methods it is automatically generated, and customization is not possible. A list of 2048 words is used to generate it. The seed phrase includes 12 to 24 words, such as man, jug, and other words chosen randomly from this list. The seed phrase manages all private keys. By enabling significant wallet cross compatibility, the BIP-39 enables users to load the recovery phrase into a new BIP-39 compactable wallet and evaluate all the assets inside of it.

Recovery phrase / private key
 
Despite their connection, the two share the goal of protecting your wallet. The recovery phrase is used to access accounts that have lost their passwords and provide you complete control over your assets, while private keys are intended to secure transactions and prove ownership.

-Most often asked question: Can your seed phrase be hacked?

A number of people have lost their valuables to crypto heists losing their money in digital currency is a nightmare, and losing your seed phrase means loss of ownership (a common adage is "not your keys, not your Bitcoin"). The seed phrase is made up of so many words that it is genuinely challenging to hack. Most often, however, hackers and scammers utilize techniques like the so-called PHISHING, in which they deceive victims into disclosing their seed phrase, which they then use to steal money from the victim.

Ways to discover a PHISHING attack

Most frequently, the fraudsters responsible for these attacks send emails to potential victims that are disguised to seem as though they were received from a credible exchange and contain links to phony exchanges or wallets. There are various methods to recognize a phishing email.

-Copycatting
-spelling or grammar errors
-misleading links

What happens if I lose my seed phrase? One of the major questions newbies ask  

The safety of your seed phrase is extremely important, but people keep getting hurt. If lost, there is nothing else that can be done to recover it. Avoid writing it in an open space, such as by pinning it to a wall in your room. Also, save it in a place where it cannot be destroyed by an element, such as fire.

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TIPS ON HOW TO KEEP YOUR CRYPTOCURRENCY SAFE
-keep it offline.
-And safe it in place so that natural elements can not affect it.
-Avoid placing it on any board in your house.
-More contribution.
5  Economy / Scam Accusations / HOW TO AVOID FAKE CRYPTOCURRENCY APPS on: September 26, 2022, 08:40:07 PM
In addition to creating programs that can take your money, con artists have always discovered new techniques to defraud people of their possessions through social media. Scammers have been a problem when it comes to cryptocurrencies; they have taken advantage of the decentralized nature of blockchains to fleece a number of cryptocurrency investors. According to the FBI, scammers used fake apps to defraud crypto investors out of an estimated 42.7 million dollars. Scammers prey on people's interest in cryptocurrencies by making them seem appealing and legitimate.

Strategies used to lure individuals into downloading scam apps

- Social engineering: has an effective method where they utilize dating apps to disguise and entice their victims to trade on these apps once the fund is transferred by the victims then is no longer available to withdraw funds. Because social engineering needs minor work, this is one of their primary tactics for influencing victims.

- Recognizable brand names: the latest cybercrime reported to the FBI involved scammers attempting to persuade people to use the YiBit trading app, and the YiBit exchange stopped all transactions in 2018 as a result of numerous complaints of funds being transferred to the fake app they are using extensively.  Scammers use reputable brand names to promote there fake apps since those brands have the full trust of individuals they hide using the brand as undercover in using the apps. Scams have caused millions of dollars to be lost.

 -Fake apps being promoted through legitimate app stores
There are many apps that are uploaded to app stores that are used for scam activities; some of these apps are used to gather data about your wallet or any related cryptocurrency account information. App stores like the play store check apps frequently to remove apps that have trust issues, but some of these apps manage to get past the checks. A false trezor app was being uploaded to both stores, and users who downloaded it were required to share their seed phrase in order to access the app's functions. Futures on the app allowed these scammers to flee with people's money. Numerous instances of con artists stealing money from victims using fraudulent apps.

Different digital businesses are attempting to educate people about security and various methods of keeping your money safe.

How to spot fraudulent cryptocurrency apps.

-spelling, description, and icon.
-Application permission.
-The number of downloads.
-Read reviews
-Confirming authenticity by contacting support
6  Bitcoin / Bitcoin Discussion / Live Bitcoin radio broadcast with My Local Community as the presenter on: September 05, 2022, 08:03:34 PM
My passion for Bitcoin and Bitcointalk led me to host a Bitcoin Live session at the radio station where I work on September 1st, the first Ember month of 2022. I am a radio presenter, and I anchor night rides, entertainment talks about politics, movies, and current issues in the country, and I also pick calls sessions where listeners call in and ask questions or answer questions when asked, and I sometimes do giveaways to encourage more people to join the session.

Bitcoin has gotten a lot of attention over the years, but many people still don't understand the basics of Bitcoin and crypto in general. Since joining this forum, I've been conducting research, and whenever groups of young talented adults discuss crypto, the arguments they present sometimes differ from what I'm learning.
Our parents have always wondered what Bitcoin is and why the youths see it as a new dimension of niche, while others believe it is a Ponzi scheme that will one day run away with people's money, just as they have suffered at the hands of previous Ponzi schemes such as MMM and Racksterli, which have gup down people's millions.
I sat down and thought about what I could do to educate our community about Bitcoin so that people would not be afraid of it and how they could learn more about it. I discussed it with my Managing Director, who was pleased with the idea, and I drafted out how I will be discussing Bitcoin with the locals.


The draft of my Bitcoin Discussion.





This was the discussion topic I drafted, and it was approved by the manager the day before I went live. He's heard of bitcoin, and to persuade him further, I set up a wallet for him just to prove what I'm proposing is real, and I'm glad he accepted. He cautioned me not to delve too deeply into Bitcoin as an alternative form of payment because he does not want our radio station to be shut down by the government or to irritate top officials. However, I did a small amount because the truth about bitcoin needs to be heard.



When I was on the air at the radio station, I was talking about my table of contents during the evening session.



Some images I took during my presentation in the studio with the help of my partner, who is more into music and DJing; he had to allow me to do bitcoin discussion alone after we had the parental guide session. He also knows a little about bitcoin and already has an account with some exchanges such as Binance and Quidax. He stayed and listened the entire time at the other end. I didn't include his pictures due to privacy reasons.

Following the discussion of my draft, we received one-on-one calls from the parents and youths. They called, and I asked their names, allowing them to ask any bitcoin-related questions they had, and I noted some of them:



QUESTIONS FROM THE PARENTS
- Is Bitcoin secured and how do you earn from it?

ANSWER: Bitcoin was the first coin created, and it has never been hacked in terms of security, it is highly secure. It is a peer-to-peer network that is heavily defended by trusted people from around the world, and a single person cannot successfully attack the network. Its network has been operational for over ten years and is still functioning properly. In fact, it is growing on a daily basis because the network hash rate has reached an all-time high, implying that more people are flocking to protect the bitcoin network.
Bitcoin could be earned when it was still in its early stages but now, you can only earn as a miner, but you can buy a small amount and hold it.

- Is Bitcoin only for young people?
ANSWER: Bitcoin is for everyone; you can buy it and give it to anyone you want, and you can buy it as a special gift for your old people and children and keep it for them until they reach the age of maturity.

- Can someone manage it for you (since they are always kind of busy)
No, don't give anyone access to your bitcoin. Take bitcoin and handle it as carefully as you would your debit card pin; bitcoin should be treated as if it were a secret you were taking to the grave.

- Asked about the legality of Bitcoin
Bitcoin is not yet legal in the country, nor is it illegal; however, due to political nepotism, banks have been prohibited from enabling bitcoin transactions. I advise them to use peer-to-peer because it is the only way to buy bitcoin right now.

QUESTIONS ASKED BY YOUTHS
-what is the least amount you can start with?
       ANSWER: You can buy bitcoin of any amount but some p2p recommends a minimum of $10 which is around #7,000

      -what are the advantages of being on bitcointalk and how to be a member?
      ANSWER: Bitcointalk is just like any other forum, like Nairaland (Nigeria's largest forum), where you can learn more about bitcoin, ask questions about bitcoin, and get answers to questions you don't understand. You also meet people from other countries, and there are Nigerians who participate in the forum.

      - Differences between wallet and exchange.
      ANSWER: An exchange is a place where you people trade, you can buy and sell bitcoin there but don't store your bitcoin on exchanges. Always hold your bitcoin on a personal wallet and make sure you have the private key well protected from the public.


Many questions were raised, but time was limited; however, I told them a free class will be held soon for those who are interested.
7  Other / Off-topic / Time management BUILDS on: August 27, 2022, 04:23:41 PM
Time management is just a way which one plans he or her self for the day like the popular saying that states that if you don’t plan then you planning to fail managing your time is very important in life as an individual is so interesting knowing what to do at a particular time, as for me I have to plan my day  as a radio presenter anchoring a lots of interesting programs on air actually amazing and a bitcoin lover  I came across tips that have helped me to be able to do my duties better and also doing a lots of interesting things online like doing research since crytocurrency is wide to be able to keep up with trading and so more , because no knowledge then your funds are at risk so I felt to share tips on managing our time it helps  because it enhances productivity and helps us work smarter, You being being busy does not  make you productive or effective .

Advantages of time management
-it give us a good reputation.
-enhances productivity and makes us smarter.
-create chances of advancement and improvement.
-it reduces stress most importantly.

Tools in managing your time
-set goals what you plan to achieve in doing research/reading, have fun e.t.c
-scheduling.
-focus and concentration.
-prioritization doing what is necessary at a particular time.
Just feel like sharing this it will help us as newbies and also in our daily jobs
8  Economy / Trading Discussion / How to Overcome a Bear Market in Cryptocurrency on: August 26, 2022, 03:56:41 PM
How to Overcome a Bear Market in Cryptocurrency
This are just small tips on how to manage bear , when it comes to bear people are always scared of losing money scared of taking risk while some use it as an opportunity to make more fortune once they can hold while some become broke , selling during bear losing much amount of funds due to reasons some taking loan to invest e.t.c and so many other reason so am going to share some tips on how to overcome or manage bear.

-Remember that cryptocurrency markets are dynamic
If you look back in history bear always follow after the bullish experienced  and the market is always made up of four phases which are the
1-accumilation
2-makeup
3-distribution
4-markdown

-During market lulls, enlighten self.
During this period of experiencing bear learn more about crytocurrencies and also blockchain technology and also do more research on projects you considering to invest there are different platforms and books you can learn from during this period.

-Leave the graphs alone.
Once you keep steering at the charts then you start thinking and start worrying whether to hold or sell, put the charts away and set parameters  when to buy and when to sell it also helps.

-Take into account the long term goal . (HODL)
Think of the profits you will make when the price goes up when dealing with crypto you have a target once you want to go into trading of any form of investment holding for a long time is actually a good one and concluding during this experience make sure you are active  and educate your self more  , on things and guidelines that will help you succeed in any of the seasons either bear or bull.
   
9  Other / Beginners & Help / Be aware of private key thief’s on: August 14, 2022, 07:14:19 PM
1.) Be careful with people who introduce you to crypto currency because some of them might steal your keys and you will not know that is why we have plenty of cases were people funds go missing without a trace , and also be careful who you give your phone for those keeping there keys online saved in there email e.t.c that is why it has been advised to stop saving your keys and passwords online but people still fall victim be alert.

2.) when you  have a problem with an exchange don’t reply to people that chat you outside the exchange and start requesting you to fill forms , I learned and research a lots when it comes to security, seek coaching and do more research before perform transactions.
         BE ALERT
10  Other / Beginners & Help / Benefits of been a bitcointalk member on: July 28, 2022, 08:36:30 PM
You wouldn't know Bitcointalk is big place until you become one of it member, bitcointalk is more than a place a place to ask questions and get fast reply, you wouldn't know the value until you become one of the user.

I joined this forum due to my little-late knowledge about bitcoin, I was searching and opening different tabs and I don't know which bring me to bitcointalk, I have read some guide and tutorials and I'm Amazed by how some members quickly reply questions when someone is ignorant of some things about bitcoin.
I am going through the forum and I have found some interesting things in the forum that are more exciting than been a guest, there are could be more I don't know yet but the ones I have seen are fun and interesting when you register in this forum.
These few things I found are more engaging when you become one of it member and they include:

(1)Ask Questions: I am still learning what the circle of Bitcoin and to facilitate this understanding and comprehend things faster, you have to ask questions and to that, you need to be registered as a member to do that, you can't ask questions in Bitcointalk unless you register as a new member.

(2)There is dedicated Local board for popular languages: Bitcointalk forum isn't just a place for only English discussion, they have locals where you can communicate with other members of you can't speak your language of countries like Russia, India, Arabic, Turkey, China, and many more. They also have unofficial thread for other languages that are not yet available like Naija unofficial board. I will also be happy when Theymos approved our Naija board.

(3)Open Market for Trades: Bitcointalk has market where the member can trade openly with everyone, you can exchange your bitcoin and other coins with any buyer you desire and the help of Trust system in everyone profile has make this more transparent to sport who has good reputation with positive feedback and a likely scammers with negative feedback. An outsider cannot do this unless when you register in Bitcointalk, this is one of the merit you get over a guest.

(4)The Private Message: I like Bitcointalk because your privacy is respected, you can communicate with any other member of the forum without third person knowing what you are talking about. The demerit of this is that, newbies cannot message other members, they are restricted by default but ranks above can make use of this feature and communicates effectively.

(5)The Ranking system: This is one the part that make bitcointalk lively, the more you stay here and post, the more your activity increases and the more merit you get too but not always and the more your rank increases. This also contribute to your knowledge in the forum because since I joined the forum, I have learnt many things like exposing some cheaters.

This are the few I have learned and I am looking forward to increase my findings about bitcointalk and everything behind bitcoin, one day I will look back and smile at my Genesis.
11  Bitcoin / Bitcoin Technical Support / Wallet on: June 12, 2022, 07:47:41 AM
I was wondering and this question as been bothering me will there be any possibility or like an upgrade in the feature if your private is lost there will be another way to get access to your funds?
12  Economy / Economics / A decision to make on: May 17, 2022, 01:49:36 PM
Would you rather buy a house to live in or rent an apartment to invest in bitcoin  Since bitcoin is experiencing bear what decision will you take make use of the season or let it pass.
13  Other / Beginners & Help / A question bordering me and need opinions as a newbie on: May 15, 2022, 12:34:39 PM
The invention of the crypto currency backed by blockchain have bring about many questions and debate If bitcoin is a currency or an asset or just a virtual currency that can be used as a payment system it is very difficult to decide which or contain both features , recently I got to know that Emirates which is biggest airline in  (UAE) to accept bitcoin as a method of payment  , I once came across an article talking about if it would be possible for bitcoin to be seen as a financial freedom when applying for a visa it will be actually interesting if possible , bitcoin is gaining more ground so please just want to know what you guys think about bitcoin as a currency or an asset.
14  Economy / Exchanges / Lots of scammers on binance p2p on: May 07, 2022, 04:58:40 PM
Please if you doing P2P on binance be very careful make sure you don’t release token if not credited yesterday my baby sister was scammed of about 1500 dollars , the person didn’t credit her but clicked on paid so she could not open a new other but  we have appealed and presented the necessary documents, this should be a warning to people that use binance P2P  thank you.
15  Economy / Exchanges / On the Binance exchange, a complete instruction to peer to peer is available. on: April 02, 2022, 08:43:00 AM

A thorough examination of binance exchange peer-to-peer trading.
The full definition of p2p is a group of people that freely purchase and sell bitcoins to one another at a fixed price specified on the framework from various locations.
If is about P2P there several exchanges that support  such functions  eg kucoin ,Binance e.tc for this post we are talking about binance which I believe  is  one place to go, but before any action is carried out on this fiction so, you have to pass this phase (kyc), which stands for "before you can use this option.

Where To go to Get Virtual currency VIA P2P

To initiate, subscribers must get registered then users should now login using the same specific emails and password  which was  used to enroll. So after that, you must ensure that your identification is verified by presenting documents such as a passport, driver's license, or national identity card. Finally, go to the purchasing sections, configure your payment options, and then click on buy crypto, shortlist which one to buy, and decide the amount of fiat user would like to buy. If (15) minutes have passed since you confirmed the amount, click on appeal to be informed by an attendant.

SELLING CRYPTOCURRENCY ON P2p

Still at home, go to p2p, then sell, select the desired crypto to sell (you pick the sum or means of payment), then simply pick client you want to sell to, then input the value to be traded and press sell, then sit tight for the purchaser to make a fiat transfer, then free the coin.

ADVANTAGES OF P2P TRADING
1.No charge for transaction  all transactions are free.
2.it involves different types of payments it has over 150 payment channels
3.Enough cash flow to go around , has a data of over seven billion dollars of proceedings.

HOW TO DETECT SCAMS

Theft of one's identity is one big major issue.

Another name for this is data capture theft. Which is a ruse in which your commercial counterpart uses a third financial profile to conduct transactions. They pay you with a trust account of another person before you issue crypto currency. Text messages can also be used by individuals to provide you with new financing bank details and demand that you didn’t send any funds to that address. They will disagree that they did not obtain any kind of funds after you handed them and will thus refuse to give out  the cryptocurrencies that was purchased.
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