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1  Bitcoin / Bitcoin Discussion / Would you advise a friend in the same way? on: April 05, 2024, 09:10:33 AM
Is this the wrong advice? A friend of mine took over his father's company because he is so old already and he told me about the money thats available doing nothing in the bank.

I told him to think about investing that money if he wants to keep the company growing, I told him about how MicroStrategy is doing so well using Bitcoin as a strong backbone of the company, I believe that even a small company can turn big if they use Bitcoin as their main investment.

Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
2  Other / Beginners & Help / Why beginners must consider burner wallet on: March 13, 2024, 06:42:38 AM
I believe that many newbies that are coming into crypto today are not all well funded, many can't afford to DCA into any crypto projects, and they are left with a choice to hunt for free tokens through testnet tasks and airdrops, I started this way too and damn, it was a great time to be alive in 2017.

If you are new to crypto and airdrops and testnet are a must for you, please consider a burner wallet, or name it anything you want, e.g spare wallet, trash wallet etc.

This wallet must be use as your shield on the battle field, whenever you plan to join some tasks online, claim tokens or use a new Dex, it's smarter to consider using your burner wallet, whatever will happen happens to the burner wallet.

Someone very close to me got his wallet drained because of an NFT mint, the mistake he made was using his main wallet to do the minting, main wallets are meant to stay offline, even if you have to sell your coins in your main wallet I recommend moving some part into a burner wallet first and use the burner wallet to connect to the likes of PancakeSwap and Uniswap, today we have so many Dexes, just to be safe its better to go this route.

Let your burner wallet do the trades, the mint, and the free claims for you, this simply keeps you a step away from losing the digital assets in your main wallet.
3  Economy / Gambling discussion / If a addict lives within, which method would you choose to help them on: January 30, 2024, 10:20:31 AM
As a member of a family and there is a gambling addict within, which method do you think it's the best to rip off the addict from your family member?

1. Talk to them and don't leave their side for too long, show them some love and make sure they don't have anything to do with gambling ever again, be soft and gentle with them.

2. Be harsh about it, force them to quit, let them know that gambling isn't this safe, bounce on them all the time because you love them, don't go any soft on them, because been soft won't make them see reasons why it's bad to be a gambling addict.

Which do you think it's best? Some people do think that been soft and gentle will be more effective and some people think that been harder on them is the real love here, they need to make them stop by force.
 
What do you think?
4  Bitcoin / Bitcoin Discussion / There is nothing like it since the past 12 years on: January 27, 2024, 01:33:18 PM
I don't know who needs to hear this, I had no job when I started gathering some Bitcoin for long term hold, I looked wreteched for few years, I eat single meal per day, I looked old at a young age, like those who don't want me to carry on my BTC journey used to tell me, but in the end it all went well, where did I get my conviction? I had no other means to have a better future than this, it was like a do or die something for me then, something inside me just appreciate the existence of BTC, like I know something like it was coming to safe me, which I can't advice anyone to do the same today.

What I am saying here is that it's still doable if you have the conviction to make things happen, if you crave for changes you will go any lent to make things happen in the right manner and ways, but having a source of income will make things more easier for you, I still considered my story as a easy one because I had my father then, I had a roof over my head in my parents home, and also I don't pay any bills, it was just me and my stomach to feed and my BTC wallet to fill up.

For someone who came from poor home it will become a very big battle to conquer poverty, and for those who come from average or rich home, it becomes easier for them to have a better future because they will have more money to take risks, if you are from a home like mine, you need to strive hard, my battle took me three years, if I have never know Bitcoin and I decided to take the path that everyone in my country was into it would have been harder for me, judging from the present conditions of those who almost stopped my Bitcoin journey, I am not shaming anyone, I am just saying that Bitcoin is worth every shot.

Because since the past 12 years, there is no investment that does it better than Bitcoin, you can't find anything like this anywhere else, it's worth every fight and hustle, but your journey will be way easier if you have a source of income, don't give up, always give your best short, you are on the right path.
5  Other / Beginners & Help / Anyway to be smart about this? on: January 09, 2024, 09:22:33 AM
It's strange that I have never seen anyone ask me this question before until now, and I even try finding answers on here but with no luck.

A friend's crypto wallet was drained and there is a particular token he is staking, using this wallet, he already abandoned the crypto wallet but I am curious if there is anything I can do to help him?

What can someone do if a crypto wallet is compromised but the wallet owner is staking on such wallet still? The APY is coming in but we both curious how possible it can be to get the staked token after the period of staking is over, without ending with the hacker or whatever is fit for the drainer to be called.
6  Other / Beginners & Help / Safety first before accumulation, a lesson I learnt the hard way on: December 30, 2023, 10:20:45 AM
It feels so good when one is obsessed with gradually getting hands on sats every week for future Bitcoin holdings, I used to believe that this is the most important thing to do, but I was wrong.

I was able to remember how I have lost some crypto assets to scammers because of my crypto wallet private keys revealing one way or the other, I still remember losing $300 worth of Bitcoin in 2018 and also something similar happened in 2020 and even 2022.


The mistake I made


Every small $$$ was so damn important to me that I only care about buying Bitcoin, i ignored going for a hardware wallet, until I lost $2000 using a software wallet, this was so painful that I got mad and took out some money to purchase my first Hardware wallet, something that I should have bought right from the start.

Do not let the same thing happen to you before you know the importance of having a hardware wallet, I have always known that hardware wallet is the safest but I ignored it, thinking I can't afford it, and I could, but I don't want to leave my accumulation of Bitcoin behind and spend hundreds of dollars on a hardware wallet, few open source hardware wallet are not even up to hundreds of dollars.

If you can accumulate Bitcoin every week or months, brothers and sisters you can afford a hardware wallet, I know you have a goal, to reach 0.3 BTC but mind you, making sure you hold the 0.3BTC securely is the most important thing, don't work hard for scammers to reap your reward, safety first.

I repeat, safety should comes first, if you are a beginner, start saving up for a secured open source hardware wallet now, we are heading into 2024, add this up to your plans if you don't have the money now, the safety of your Bitcoin is what will count in the end, not how much you have accumulated and lost.

7  Bitcoin / Bitcoin Discussion / Risk only what you can afford to lose on: December 10, 2023, 10:14:18 AM
Let's talk about the king solution of keeping your Bitcoin safe, which to me is the airgapped hardware wallets but is it safe to say that they are 100% safe? I think the answer is no..

What and what is likely to go wrong with airgapped hardware wallets?

1. Cord connection: data can still be transmitted when connecting the hardware wallet to your PC.

2. SD Card: some comes with Sd card option for updating the hardware wallet, but I am not sure that using Sd card can always be safe either, I remember those days where I use to buy lots of Sd card because they have issues easily and also they get viruses easily. Old Symbian and Android users here?

3. QR Codes: honesty, QR codes are not readable by the eye, they comes with blocks like figures, there is no way to know what's written in that QR code anyway, there is no way to read it and know what kind of data is inside it.

4. You still have to rely on the company for future safetiness of the hardware wallet in terms of software updates, if someone hackers find a way to alter the upcoming update file you know what could happen.

The only healthy solution is to understand that there is no guarantee in crypto, risk only what you can afford to lose, even after every thing, something can still always go wrong.

You can limit the risk by choosing to not connect your hardware wallet to your PC or any PC for updates, use sdcards instead, but make sure you use a brand new Sdcard for your updates, once you use one for update today, store in a safe place simply for your hardware wallet updates only, do not use for saving files or downloading.

Do not scan QR code you find online, only scan when paying to another crypto wallet or you want to sell your BTC on an exchange, QR codes can come with malicious things too.

As for the software update from the companies, pray that nothing bad comes up from their side, I still strongly believe that they are the only thing that can easily messed up hardware wallet security.

Stay safe out there kings and happy holiday 🎅




8  Economy / Gambling discussion / Not this guy on: November 28, 2023, 09:41:55 AM
There is some certain amount of money that you will lose and you will be so pissed and probably quit, but not this guy.

I've been talking a lot about how people should learn to be a responsible gambler but there is a crazy gambler that I just meet, from a friends friend, the crazy thing about this person is how about how much he has lost in gambling, enough to go south in the ear of others and he has never made any big gains to cover what he has lost, the crazy part is...

This guy is giving me a weird vibe, like a different gambling breed, he knows he have the gambling addiction problem but he just doesn't care, like for real, he doesn't care, the amount he has lost is in six figures but very weird how he is able to handle it.

Some gamblers are different breed to be honest, they don't care about what their present situation is, if they are breathing they are good, anyone know crazy gambler who don't care if they lose big amount of money and they still gamble?

I've get to know that not all gamblers need to be a responsible gambler, some knows, they are not hypnotized by gambling, they are fully awake and they still choose to be a reckless gambler.
9  Economy / Gambling discussion / Is this a good advice? on: November 20, 2023, 11:42:12 AM
I keep seeing gamblers advising themselves that you are one step closer to winning the jackpot when you quit too early,  it's sad that they strongly believe this.

Is this true?

This advice is actually making gamblers believe that they can win when they spend a lot of more time in the casino, they strongly believe that not stopping or taking break will bring them closer to their jackpot.

One of em told me that this is why I don't win, that I only gamble when I feel like, he said constantly gambling is a must if you want to win, but I disagree, because I have seen too many people not knowing when to quit until it was too late.

To me, gambling is a theater, a form of entertainment that I pay for, not a way to get rich quick, for them it's a must to win by force, one question seem to change his mood though.

I asked him why he isn't rich yet if he is actively gambling everytime since all this while, this changed his mood and I took a turn.

10  Economy / Gambling discussion / Can loneliness make one addicted to gambling on: October 30, 2023, 06:51:14 AM
I'm confused and looking for answers

If you are lonely, can you have interest in gambling simply because of your loneliness?

How would you judge someone who says they don't gamble because it's fun, is that a sign of a gambling addiction?

If you are making $600 a day, that's $20000 in a month, and because you are only you start having interest to gamble, what do you think this is?

All these questions is been asked because someone close said all these and I think he are losing money and losing himself too, of all the discussions we had, these are the points I held unto.

Later he open up to have been using $500 for gambling per day, he said all these started when his wife left him, that he isn't into gambling at all, but I can't ask why his wife left him in the first place, but does loneliness make people become addicted to gambling or it's something else.
11  Economy / Gambling discussion / It's a strategy to lose on: October 10, 2023, 07:21:11 AM
Gambling is based on luck for real but that doesn't mean you should be dividing your attention into poker, soccer, horse racing, or roulette all at once, you need to choose a side and learn everything you can about the game. This is the mistake that many gamblers are making, they believe since it's all about luck they should expand the possibility to get lucky and it always end up badly for them.

It's no doubt that Poker for example is all about been cunning, logical and deception to gain power over your opponent, it's called upper advantage, this is way different from games like Blackjack, roulette or Slots.

So imagine doing all these together, most gambling games needs your understanding of the odds and taking them into account, especially when wagering, so how can a gambler get involved in all games at once just to increase their chances of getting lucky? Stop this as it's not a strategy to win, it's a strategy to lose.
12  Economy / Gambling discussion / Before you take sides on: October 02, 2023, 09:37:30 AM
We all know how people used to be protective when trying to explain how someone treated them badly, they always want to be the winner and if you are not smart you can fight the wrong war for them, later you will find out that they are the problem.

Gamblers are telling stories about how they got banned because they are winning too much, I will like to tell you not to believe everything people tell you, these stories typically have another side of the story, there is a high probability that these gamblers have broken some rules along the way.

For reputable casinos, banning players that have won a lot of money legally is bad for their business, the casinos knows that the word of the mouth spreads faster than anything, so I believe that a reputable casino do their strong research before they use their ban hammer.

Before you take sides with gamblers claiming they get banned for winning too much, remember that casinos are good at monitoring and preventing fraudulent behaviors, you break some rules you are out, and no cheater want to admit that they cheat.
13  Economy / Gambling discussion / Violence and anger could be a sign of gambling addiction in youths on: September 30, 2023, 10:32:48 AM
When the situation of the country is too hard to comprehend, youths who are supposed to be the future leaders will start turning into criminals in front of us.

This is the third case that have happened to someone very close to me ( not family ), and they all have one thing in common, SPOUSE ABUSE and CRIME.

I knew this gentle soul growing up in my street, who just turned 24 years old and now he was into gambling without anyone knowing at home for the past 1 year, the only point that I hold unto from his mother is how he maltreated his junior brothers and sisters and he also have anger issues.

I have come to understand that having a negative impact on people close to you or your family could be a sign of compulsive gambling, to the extent that this boy start maltreating his junior ones, I mean inflicting pains on them.

The other two cases that I knew about gambling addict ( one in the family ) also have something similar to this behaviour, anger issues, criminal activities like burglary and disrespect of parents, I think countries with high rate of struggles and hardship will always have this type of problems.

Is there any effective way to make sure youths stays where the are told to stay instead of looking for quick money? Gambling isn't the solution to poverty it will possibly drown you deep into more poverty.
14  Economy / Gambling discussion / Credit card gambling fuels gambling addiction on: September 26, 2023, 09:08:39 AM
I don't know how deep the debt on credit card gambling is today until I do my own research and mehn, and it's very sad, many people are in debt because they keep using their credit cards to fund their gambling hunger.

Imagine someone you know telling you that it will take him 12 years to pay off his debt, I now know why few countries don't want their citizens to gamble using their credit cards,  betting on credit cards has left too many people in thousands of debt.

Which makes me think that Credit card is far more helping to fuel gambling addiction more than anything else, you don't actually have the money, but you can still gamble, this alone will make people to lose their minds and gamble anyhow.

I'm glad I don't even like using Credit cards for gambling and my reason isn't even because of possible reckless gambling but because I don't like centralized payment solutions, you should stay away from using Credit card to gamble online, it sure would easily throw you out in the street, homeless.

15  Economy / Gambling discussion / When the fun stops on: September 18, 2023, 08:01:41 AM
Online gambling platforms exists not only to get you some lucky wins, it's also another form of entertainment,  but I will like to ask if truly you people are getting that entertainment from gambling?

We can see what the world is becoming now, things are getting harder and what's on peoples mind is how to make even more money, there is no time, there are too many responsibilities,  are you sure you getting entertained?

Some people already feel like they are not having fun, because what they have in mind is making money, to all people that feels this way, If you feel like you aren't having fun I believe for the greater good, it's better to take a break from gambling and do something else.

Do you agree or disagree?

I believe that most people end up messing themselves up with gambling because to them everything is money, money, money, and this can stop your brain from becoming a responsible gambler, the sense of protecting yourself from gambling addiction can get lost if you are already not having fun with gambling anymore.
16  Bitcoin / Bitcoin Discussion / What's your actual dca strategy? on: September 09, 2023, 09:20:04 AM
Instead of just DCAing because you can afford that tinny amount every month well there is a risk you probably don't know about.

Assuming you plan to invest for 12 months by dollar cost averaging, and you keep buying 200$ worth of bitcoin every week or month, do you know that there will be times where the market will go up rather than down? DCAing at such times are increasing your risks.

There is a saying that, stay away from the green candles, do not chase them.

There is DCAing when the market is going Up and DCAing when the market is going down, well I have been investing since last year now and my DCA on Bitcoin only happens when there is a bigger dip and so far it's my best plan yet.

What is your own DCA strategy like? Investing based on value averaging? Dollar cost averaging? I think it's better to have some dollars awaiting your buying signal and buy the better dips.

Monthly investment is the best frequency to some people, they advice to never delay any investment, are you one of those people? Regarding of the price action of that month?
17  Other / Beginners & Help / Bitcoin, the only thing that stands on its lane. on: September 02, 2023, 08:49:12 AM
Unfortunately, the word DEFI is more like a complete joke in crypto space today, there are things I am seeing that I am not linking about crypto and the funny thing is these people think we are stupid.

The most important part of crypto and blockchain to me are

-Defi
- P2P
- Privacy

Yes I don't really like anything CeFi and Centralized, but it seems these people are calling us stupid, why?

How can a centralized platform that have build up its name and reputation in crypto space claim they have a decentralized feature to offer people?

If they are already well known how can they successfully run decentralization? You want examples? Here we go

Coinbase for example now have a swap exchange that they claimed its true decentralized, running on base, a project layer 2 from the coinbase team.

Binance, another centralized exchange, offering a peer to peer service, something that should happened between two people only, even if because of successful transaction to be carried out, why centralized entity involvement?

I mean if Binance was decentralized right from day one, wouldn't this be cool? This is why I think decentralization is a complete joke in crypto today, any parties can just come out and they say they offer both.

It's annoying and this is why Bitcoin is different, I think nothing can really be decentralized as Bitcoin again.
18  Economy / Gambling discussion / Still not a safe practice even if it works on: August 28, 2023, 08:28:13 AM
I have seen a few pieces of content online that are saying Stake, Fortune Jack, Casino Gap and few others are VPN-friendly.

Are users on here agreeing on these few mentioned online casino? I am asking this because I believe those who still use VPN on these casinos are not safe.

Because using a VPN is not openly acceptable by these online casinos, there is no where it's written on their website, I know readers might feel like, why would they wrote such on their website when the law isn't permitting such?

Well, what will stop them from using this against you too as a gambler? Bypassing restrictions is not the problem, but it was never allowed officially, meaning you should accept whatever will be thrown in your face.

What do you think?
19  Bitcoin / Bitcoin Discussion / After all these years on: August 28, 2023, 07:47:01 AM
After all these years Bitcoin still remains an investment rather than a daily payment system, will there ever come a day where Bitcoin will be use generally as a paying system instead of what we are seeing right now?

XRP for example and few others are partnering with banks for international transactions, if seems that these projects are 100 times closer to been a daily payment system than Bitcoin and this saddens me.

I am feeling like the majority of people are still going to prefer to spend more money on transaction fee through payment solutions that involves banks, locally and internationally, I seems like Bitcoin transaction are going to keep happening around Bitcoin OGs and those who are into Bitcoin only.

Do you think that Bitcoin been decentralised will draw it back from becoming something like what XRP and Chain Link are achieving right now? Should we just for once shut up about Bitcoin becoming a well acknowledged payment solution and focus on it becoming only asset?
20  Economy / Gambling discussion / How to verify license Numbers? on: August 21, 2023, 10:03:52 AM
The best advice you can give anyone starting their gambling journey is to choose the best online casinos to avoid getting scammed or playing unfair games online, however, it's not that easy to figure out a valid licensed online casino.

Apart from regulatory authority checks, it's easier for any new casino to just name a number of big names as their authorizers e.g UK Gambling Commission or Malta Gaming Authority but my challenge is License Numbers.

License Numbers should be easily viewed on casino websites but my question is how to really verify the License Number? Through a Database or a particular website?

Has anyone done this before? How? Do gamblers even care about checking License Numbers?
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