It is of course not as it used to be before when the talk of cryptocurrencies or the Blockchain network was a myth and everyone including me, wanted nothing to do with it, because it felt like a Ponzi scheme or the subject of cryptocurrency was just too complex and incomprehensible to understand.

How can they say money is invisible and decentralized and it can hardly be tracked and it can only be available online and has the same purchasing power as the fait we have grown accustomed to from birth; this was my thoughts until now having known better and understand to the point where I can say that in this world currently, the cryptocurrencies exchanges and the decentralized network use a 'play to earn model' which is different from the 'move to earn model' that apps offering same prices and rewards in tokens like Sweatcoin among others use.
This is the business strategy for most emerging and upgrading technology companies that have been created sinçe and before the bloom, acceptance, regulation and advancement in cryptocurrency and its investment.

Which model has been more beneficial to you, when you think of investing time and resources to earn a passive income?

Can the 'move to earn model' offered by a company like Sweatcoin, of whom are willing to pay tokens to users who have either sweated using the app while running or swimming, be a micro or macro solution to economic problems, if adopted on a large scale?

Or would this 'move to earn model' just follow its hype and fade into existence leaving cryptocurrencies to be the only better innovation that is much more helpful to the economy?

Your thoughts are welcomed!

Our parents are dear to us in many ways than one and am using this post as a dedication to a friend who is remembering his late parents by the weekend and to a dear cousin who just lost his. A loss like this is irreplaceable and many times unbearable.

Well, if not for maturity and the need for procreation, many would have loved to remain children while enjoying the love and comfort from their parents.

* Without much ado, how has your parent(s) or guardian or someone who looks after you, impacted your independence and financial life  as an adult?

* If you had the power to reverse time, what would you have done differently with or for your parents or guardians?

 * Would you consider to live with your parents or guardian and grow your wealth or to go out there, live on your own terms and hope to make it despite the hardship?

For those of us who have a dream or have a pulling towards a certain area of our life, it may be that's why it's been difficult to keep a job because you just can't shake off the thoughts of fulfilling that dream.

If along the line you suddenly loss your job for one reason or the other and now you have to rely on whatever wits and skills you have to survive with a family, instead of trying to look for another job and be doomed to misery, supposing you have some skill of sort that has been hidden and waiting to be explored, how do you hone such a skill, so much so that you earn from it?

It may be a strange post, but if one has to make wealth and be of value in this life he /she has to be able to love their work so much so that it seems they don't work at all and that's because such persons do what they love or do what they understand best.

With such disappointment as a job loss and in an economic situation like the one we are faced with in our country, and living in a new environment where it's easier to meet the wrong categories of person,

My question is that, how does one go about joining the right community to fulfil a dream after a job loss?

How does one know the right persons to follow and community to join to help them achieve their dream or purpose in this life?

Your thoughts are welcomed!

Am sure many arguments have ensued from the disparity in management that both gender, the man and the woman, can bring to the table as regards managing a business to scale heights of progress.
While a man is preferred for some, in order cases, the women are more favorite to handle top management positions due to their multitasking ability or dedication to vision of the company that's unwavering.

* If you intend to start your business or you already do and are looking for the best candidate to fill the top management position, would you trust a man or a woman to handle the affairs of the business?

* What reasons would you suggest are right, for picking and trusting a particular gender to handle a top management position of your business?

Let's discuss!

I can't forget how beautiful this words sounded when I first heard them from a presenter's mouth over the radio. He was speaking on how the current state of the country and its citizens need character reformation and attitudinal change.
 I guess the word just got stuck somehow and I just want to hear your humble opinion.

* What doest character reformation and attitudinal change mean to you?

* How well can an individual be reformed both in character and attitude, that people will notice and become influenced by the change?

* What are activities that one who is reformed and with a changed attitude be involved in?

* How do you think that character reformation and attitudinal change will impact this country Nigeria?

I have a friend who likes taking screenshot so much that he would take a screenshot of even payment transactions from banking apps and large or small bet winnings. I don't know if he loved to brag with it, but he won lots of arguments with real traders and sellers who accept transfers and claim to have not received it.

Sometime last week, we were having a chat and he mentioned how he wants to buy BTC and become a trader and HoDLer as he makes profit along the way. He said he had been learning on his own by watching YouTube videos and from his colleagues in the office.
I just knew then that he had already done so, and upon further chat, he already did because he wouldn't really tell me what he's up to until he has done it, that's how I have known him for long. He is still oblivious of my membership here, although I would tell him somewhere on his trading journey.

I am concerned now however about his screenshot taking habit, because it would be more problems for him if his phone falls into wrong hands and they see screenshots of Bitcoin transactions mostly.
He may have provided the information or data needed by the wrong hands or It can be assumed that he has so much and who knows what ills can come from thoughts like that.

* My question is, how safe is it to keep screenshots of Bitcoin/crypto transactions and useful information, on ones device?

* How do I go about letting my friend know about such a habit of taking and keeping screenshots on his device that I have observed and warn him about it, without looking like I sense bad days coming?

The naira has continued to appreciate against the dollar following some foreign exchange measures put in place by the Central Bank of Nigeria.

Some of the FX reforms include;
* efforts made at achieving a willing buyer-willing seller market
*removal of all limits on margins for the International Money Transfer Operator remittances
* introduction of a two-way quote system and the broad reforms in the Bureau De Change segment of the market to restore stability,
*enhance transparency,
*boost of supply, and
* promote of price discovery in the Nigeria Autonomous Foreign Exchange Market.

The pressure on the naira/dollar exchange rate is beginning to ease as Nigeria’s external reserves have sustained growth in one month.

https://punchng.com/naira-rebounds-to-n1400-as-speculators-offload-forex/

I was happy to learn that the Naira against the dollar is now somewhere between #1400-#1500. So let's say after all the new reforms by the CBN we are seeing a light at the end of the tunnel and perhaps inflation would reduce substantially to ease the suffering in the country.
After CBN cleared $7billion forex backlog, they said there is improvement in the external reserves.

I thankGod o. My question is very simple though because this country is complicated already;
* Now that the dollar to Naira exchange rate is about #1,400 /dollar, will the prices of food items and other commodities reduce?
Or is it that what goes up never comes down?

Your thoughts are welcomed!

Let's be realistic for once and at least accept the truth that the idea of Bitcoin and cryptocurrencies will infact out live many of us now with as many more as 29 more halvings from the 32 Bitcoin halving estimated to happen every four years till 2140 when the 21 million BTC is expected to be in maximum supply.  BTC will be fully in existence and all mining activities will have to cease at the time.

The Bitcoin Halving is when Bitcoin's mining reward is split in half. It takes the blockchain network about four years to open 210,000 more blocks, a standard set by the blockchain's creators to continuously reduce the rate at which the cryptocurrency is introduced.

Source: https://www.investopedia.com/bitcoin-halving-4843769

So many FUD and FOMO has been created in order to poke holes at the vision of Satoshi Nakamoto for Bitcoin and to scare potential investors from investing in cryptocurrency, but one thing for sure is that all these cases only stands to test the authenticity and credibility of Bitcoin as a decentralized crypto currency with good store value and with potential of giving good profit.

I don't need to beat around the bush further because what I want you to know that perhaps you haven't thought to sit and give a careful consideration about, before being bothered about any FUD and FOMO Or the mere thoughts of investing in BTC is this;
* how old would you be by 2140?
* What's your excuse for not investing in owning Bitcoin now?

I was just wondering what the life of full time trader or merchant trader or big whale investor would look like, and one question that seem to strike my curiosity is, what do big time traders or merchants or whale investors do for fun?
What do they do as a hobby that keeps them focused on their task?
Do they see movies while trading and waiting for an outcome or do something else during the time?

I would appreciate the comments from active traders more because it would give a proper insight on how it would look like if I finally make my way into the trading or the investing world and just need to keep focus.

Funded trading according to my findings is also known as funded accounts. It a trading strategy which offer traders without funds, the chance to start a trading career without making any use of their funds. Instead, a third-party entity, typically a proprietary trading firm or company provides the capital (typically ranging from $27,000 to $160,000) for investing in financial derivatives or various financial markets of which can include stocks, currencies, commodities, crypto-assets, and other financial instruments.


Funded traders are sure to get to keep a larger percentage of the profits they make with the funded accounts, since the traders are the ones doing the trading.
Also, there is a monthly subscription fee of $150 to $25000 for the traders and it is important to compare the fees and the benefits the funding company offers before joining one as well as knowing the evaluation process, the ratio profit split, educational resources available, other risk parameters, and if there's good support and mentorship before making your decision to join.

 Although the amount varies with each proprietary firm. The Funded Trader's split/share might be up to 90/10, 70/30 or 80/20 split, of which the trader gets the largest share.
In some instances there could be prop firms that can afford Funded Trading with zero commissions for traders, with a 100% profit split, with a 7-day payout, with no time limits, but I have yet to see or take note of any of such.


* Is Funded Trading best option for traders without funds to trade but with the trading knowledge?

* Is Funded Trading advised for newbie traders looking for how to learn and actively trade on the go?

* What are some good funded proprietary trading firms you know?

Your thoughts are welcomed!

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://skilling.com/row/en/blog/cfd-trading/funding-accounts/%23:~:text%3DFunding%2520accounts%252C%2520also%2520known%2520as,from%252025%252C000%2520euros%2520to%2520150%252C000).&ved=2ahUKEwjs14SRgvSEAxUXVUEAHW9fAyEQFnoECBAQBQ&usg=AOvVaw1l45AQPCY5R785zcrbZNxw

https://www.livingfromtrading.com/blog/crypto-prop-firms/

This topic has been moved to Trading Discussion.

https://bitcointalk.org/index.php?topic=5488616.0

Arbitrage means to make some profit from the difference in prices across separate markets.
 It could be a currency like cryptocurrencies, a commodity or security—or it could even be a rare pair of a luxury item that can be bought cheaper and resold dependent on of course the price difference in the separate markets.
Once one is able to identify the prices by using highly specialized tools that may involve the use of AI bots, access to accurate information and real-time currency pricing information as well as a margin account to amplify the returns as profit, such a one might just be able to gain a risk free return as profit upon resale of the item or asset.

Different types of Arbitrage.

1. Retail Arbitrage
Retail arbitrage is an example of arbitrage that everyone can instantly understand. When there’s a particularly popular item—say a hot new toy, a rare pair of sneakers or a new mobile phone—people buy it in one market (a physical store, perhaps) and then sell it in another market (online, maybe) to turn a quick profit.

This is a classic strategy that perfectly illustrates the basics of arbitrage

2. Simple Arbitrage
If the stock is trading at different prices on the different exchanges, a simple arbitrage strategy entails buying the stock at the lower price on one exchange while at the same time selling it at the higher price on the other exchange


3. Merger Arbitrage
Merger arbitrage is a longer-term proposition: Traders buy the shares of a public company that’s targeted for a takeover with the aim of selling the stock once the deal is completed.
There’s no guarantee of earning a risk-free profit—rather, traders are betting that one could materialize

4. Triangular Arbitrage
Here’s how it works: A forex trader would use Currency A to buy Currency B, then Currency B to buy Currency C, and finally Currency C to buy Currency A, hopefully accruing a tidy profit in the process.

So I have been able to in fewer words give a hint on what Arbitrage is and how we can benefit from starting our trading journey there. No need to be concerned how complex being a trader is. No need to be concerned how much the government of this country is trying to frustrate the effort of crypto exchanges.
 The way forward is always forward and that's why I tried to do some digging into a topic as this of which can be applied to boost our income stream in this economic hard times. It does not just only concern crypto currency, but Arbitrage trading can be applied in forex, in the real world where one gets to buy cheaper items online and resell in a physical market or vice versa.

Your thoughts are welcomed.

Read more at:
https://www.forbes.com/advisor/investing/what-is-arbitrage/

I didn't have the luxury of sitting for long to think out a great topic for this post, because it wouldn't matter in the end after comments and replies have started coming in.

We are aware how it is already and how much suffering we are experiencing on a daily basis since the removal of subsidy, since the hike in prices of food items and other charges.

Recently, reports came in from World Food Programme reporting that the war thorn Ukraine donated  about 25,000 tonnes of grains to Nigeria all in a bid to aid the situation that we as a country can't fix by assisting in providing food to around 1.3 million Nigerians affected by the  rising food prices in not just the North-Eastern part, but the whole country.

We are blessed with the best climate conditions and soil structures. Our lands are fertile and people are willing to work, but when it comes to funding the production of food and raw materials, politicians will carry about portfolios and lobby for the contracts to set themselves and family rich for life.
 It's so disheartening to be receiving grains from a country still fighting a war and in need of aid, don't you think?
 
What a country we have, and the government thinks shutting down the operations of Binance or putting a bullseye on cryptocurrencies, is the solution to the devalued Naira.

What are your thoughts?

Source link:
https://www.channelstv.com/2024/03/04/receiving-grains-from-ukraine-shows-nigeria-has-serious-economic-crisis-analyst/

I came across an article on LinkedIn some time back and I was fascinated by the chart and image shown to butress the point of the best period when you make money.
There used to be an old saying that goes, 'if you want to hide something from a man, hide it in a book,' as such, I wonder how many wealthy people out there who have had similar knowledge and have invested according to the knowledge and really made good profit, so much so that they stick to such knowledge without sharing.

If I were to raise an argument, I would say that this fascinating 150year old maths and logic theory was put into consideration before the development of the decentralized network and crypto currency and stock market.
 Infact, it is because developers understood this pattern and the knowledge was put into use during trading or HoDling or investing in Bitcoin and stocks, that many made the most money from their investment and ultimately became millionaires till date.

This analysis is insanely accurate! Published in 1875 by Samuel Benner, it identifies years of panic as well as periods when to make money

The 150-year-old Benner Cyde has predicted almost all major crises since the mid-1920s. It accurately foresaw the Great Depression, WW2. the Dot Com bubble, and the recent COVID crash.

The Benner Cycle quite accurately predicted how the markets will perform in 2023 as well. We haven't seen a dramatic crash but

-Major stock indices like the 5&P 500 did experience a dedine in 2023 ending the year around 5% lower than its 2022 peak

-The global economy faced tough challenges with factors like inflation, rising interest rates, and the ongoing wars around the world contributing to economic uncertainty.

Looking ahead, the Benner Cycle suggests that 2024 might be a year of gradual recovery, entering the "Prosperity Phase". This zone indicates a period of rising prices and economic expansion and a good time to buy assets.

Fascinating 150-year-old math and logic.

What do you think?

https://www.linkedin.com/posts/linasbeliunas_this-analysis-is-insanely-accurate-published-activity-7147964883911839745-phDp?utm_source=share&utm_medium=member_android

This is a new year and in this community, it is our duty to share useful information and tips that is of benefits to community members who may need such information so as to earn a good passive income to achieve their Bitcoin investment dreams and of course their life dreams too.
I only compiled just four of some passive income skills or hustle that Bitcoin enthusiast or traders may need to assist them in owning BTC and may turn it into a career if done well.

1. Digital Marketing is guaranteed to earn at least $500+/day.
2. Job as a Virtual Assistant may earn one $150/day from these sites; fiverr.com, upwork.com.
3. Reviewing Songs is also expected to earn on an average, $200/day.
4. Watching Ads is one I find quite fascinating, but it is sure to earn one $100/day.

There are also others I may not know. Please do feel free to add up some side hustle ideas you know that could be very useful in this new year, mostly as the halving is expected and the dream of still owning some BTC investments haunts many of us.

Just like that, BRICS now controls almost 28% of a global economy that's worth  over $28.5 Trillion.
The economy keeps getting worse and the hike both as concerns interest rates and crypto transaction fees has increased and keeps doing so yearly.

Recently, we see countries like Saudi Arabia,  the UAE that has been making waves with several investments that may include multimillion dollar soccer stars signings, building the tallest building in the world, development of tourism and attractions that bewildered the mind. Also, Iran,  Egypt and Ethiopia has officially joined BRICS and although Argentina rejected the invitation, one question is this,

Are we seeing a time where BRICS currency and cryptocurrencies are the answer to a world tired of the us dollar?

https://watcher.guru/news/brics-welcome-2024-by-officially-adding-5-expansion-nations

The talk of ETF approval is what's on board for now and because of this, many investors and holders are scared, thus, taking their profit before the market crashes.
Also, more money is being invested in BTC because of the assurance investors have of the ETF project being approved and as such there's every likelihood that Bitcoin will pump harder than before.

Although am quite certain about the bullish market season of 2024, just after the halving expected to happen, it is to note that altcoins and shitcoins have been dumping hard recently and every one investing in them should be careful not to make serious losses.

I am very certain about the bullish market season after the halving, and as such my advice to any true crypto/BTC investor who may become millionaires in the next 12-18 months, would be to hold tight and not let any short term corrections stop them or put them out of the market until the duration of their holdings is complete.

What are your thoughts?

I may say this post belongs in the economics board, but to all newbies and oldbies it is very applicable.

What am talking about is simply the subject of patronizing or being a customer to many of the online banking services or crypto services currently available.

While it is a good option to stick to the best yet, one thing I have come to notice is that many of these companies after having gotten enough customers, would begin to decline in their service and network provision mostly when it regards a customers asset or funds in their holding.

Am going to site an example of a fiat bank in my country that has been known to fulfil customers desires of transportation, but currently they are the ones that fail to fulfil their part from the service channels like USSD, BANK APPs, and even go as far as debiting accounts without crediting the receiver or reversing the funds.

I think it is because of the influx of much customers that lead to service disruption and the incapacity to handle the growing customer base.

I fear this might be a case with cryptocurrencies mostly BTC, incase of more individuals joining the network or buying assets and hoping to make quick gain.

My question is this, do you think that the influx of more users or customers to the BTC network or Crypto currency network would crash the system or help it grow more?

Also, does emerging cryptocurrencies have the capacity to handle so much more customers than anticipated incase there is a sudden influx of crypto currency users?

I have had a constant trouble with a particular POS terminal in my locality. It started with me going to make a withdrawal on the first instance, but was debited and had to go lay complain in the bank just for the money to be reversed. It took several visit for the cash to be reversed and of recent again, same issue happened.

This time instead, I opted to transfer the funds to the POS point account address rather than use my bank card. To my amazement still, the transaction didn't get confirmation but I was debited.
When I went there, everyone starts talking about the network being responsible for such issues, but I insist and still do, that the POS terminal is faulty and needs to be upgraded to the new ones instead of having same issues everytime.

My question is as plain as the heading, and that's, is the POS terminal faulty or should I believe the assumption that this issues I have had with same terminal on more than one occasion is resulting from network providers?

What are your thoughts?

I have noticed something very common with boys on the streets these days, and that is the fact that they beg so much inorder to survive.
God help the mini rich or very rich person who happen to cross paths with such kind of persons that would beg almost to the point of even stealing what ever possession is intact.

I have grown almost fed up to the point that I don't even want to go out of the house to hang out one normally would on a regular basis, I no get is my popular slang , still, it does little to wade off these hungry and greedy fellows that can be brutal for just as little as a #100 naira.

My sincerest prayers of late had become that God should open a channel wherebeit I can help these youths earn for themselves and stop being a nuisance to the environment and society at large, so as crime would reduce, development and investors would come in, and as such a steady source of income would come in to help these youths who have become too rascally in the society.

Please share your thoughts on this subject and any good advise on how I could go about this scenario, is highly welcomed.