[Sorry for the lateness, I was supposed to post this since June, when it was still fresh. Notwithstanding, the gist is not late at all.]

Sorry for the lateness, I was supposed to post this since June, when it was still fresh. Notwithstanding, the gist is not late at all.

Guys, this must be a joke, for real, otherwise, Nigeria is in a serious problem, as it tells deeply the kind of people managing the country.

I read from Punch that FG plans to train 100,000 youths annually in Forex trading, claiming it's meant to tackle unemployment among the youth. Could this even be true? Forex trading to tackle unemployment? Is the Nigerian government this ridiculous? How???

I've been in the world of trading for about 20 years now, so I am in the right position to say that trading is not child's play. To date, in the course of my trading escapade, I've met hundreds of people (if not a little above a thousand), and I've also trained quite a few myself. However, as I type now, I am the only active trader among them. This is how scary trading is. I, myself, should have abandoned trading for years if not that I was stupidly stubborn until it got better.

This is certainly a mistake, or perhaps a mischievous/corrupt plan to pump money meant to be stolen to their cronies (Investonaire Academy) in the guise of training a vast number of youths in Forex trading.

Trump is at it again. He might be planning to ignite another phase of trade war with the Europeans, which is expected to be enforced as early as 1st of June.

From Reuters:

May 23 (Reuters) - President Donald Trump said on Friday that he is recommending a straight 50% tariff on goods from the European Union starting on June 1, saying the EU has been hard to deal with on trade.

https://www.reuters.com/business/trump-recommends-50-tariff-european-union-starting-june-1-2025-05-23/

No wonder Bitcoin sold sharply! What happened to the 90-day pause?

That is from the Central Bank that has detestfully condemned Bitcoin for years. But now appreciate Bitcoin because it has helped them. Russians now realise the beauty of the decentralisation of Bitcoin against the dominance of the Western world.

According to PANews, the Russian Central Bank has identified Bitcoin as the best-performing asset in the Russian financial market for April 2025, with a price increase of 11.2% during the month. The bank also highlighted Bitcoin's year-to-date performance, which leads with a return rate of 17.6%, surpassing stocks, bonds, and gold.

https://www.binance.com/en/square/post/05-16-2025-bitcoin-recognized-as-top-asset-by-russian-central-bank-in-april-2025-24301170852802

Bitcoin's protective covering is mistaken for individual protection alone, not knowing it's also for countries against foes and external financial restrictions and intimidations from other countries and powers.

Posts' links: Post 1 and Post 2

Should this happen with the forum? Well, technical issues are meant to happen, which is why I reported it.

It's been over a year since I encountered this kind of error with the forum, and I thought it was finally fixed, as it warned me of an initial submission since then to avoid duplicate posts. It mostly happens when 1. the user's internet connection is poor or 2. when the forum is unresponsive/slow, especially during downtimes.



Admin, please work on it if possible, and a moderator should please delete one of the posts.

I will keep this short and simple--and this post is to open our trading understanding a little.

As the title reads, oh yes, it's true, but they still lose. They are busy chasing a better strategy that can only exist in their imaginations, thereby losing focus, and then style drifting.

Those simple strategies you undermine are enough for you if you work on yourself. I was shocked when I realised someone bought a trading strategy for $3,700...oh my God! And guess what, it failed him, what a waste!

A good trading strategy is important, but what traders need to succeed is not an absolute strategy that gives 100% winning or close. A 60% winning strategy is okay if you can work on your trading psychology and money/risk management. As simple as the two are, they've reshaped my trading results for good.

Reshuffle that mindset and see the result in months.

I just experienced the error as seen in the image below.

It's been a while since I experienced this kind of error on the forum. It manages to load after a little while, but it's still very slow, even as I write.

Some months ago, I needed an urgent $20 to cover a transaction elsewhere, so I decided to withdraw it from my new broker account. Thankfully, I detected an insane charge of 8 USDT just for a 22 USDT BEP20 withdrawal before proceeding. What would remain??

They even cited that the charge was for "mining fees." Are you kidding me? Mining fees for USDT. In short, I rushed to the live support, and we had a very heated argument that later made them apologize.

To my surprise, my USDT withdrawal charges have become 0 USDT since then, and I've withdrawn more than 30 times afterward. I believe others will continue to suffer those charges, but for me, this is what I get from knowing my rights and being a member of Bitcointalk.

This post is the continuation of this to make it better reach more audience, and it's of course the last warning. I'm pushed to warn more because it annoys me when some unscrupulous being rips people of their hard-earned money. Please, this is not only for you but for your friends and family and anyone you know dealing with P2P.

Amaechi don do am again oo:
This is the 3rd scam attempt out of the last 4 P2P transactions I made. This one, despite alerting you guys in the first post, I was almost a victim, trust me, I totally forgot the amount. The guy was to pay me ₦45,500, but he paid me ₦43,500. Smart! All these small amounts do not make us concentrate at times, if not on getting to the releasing coin page with the written acknowledgement of the full payment, I wouldn't have regained my consciousness.



Amount paid:



My chat with him before adding the balance of ₦2000, even without replying to the chat to show he knew what he was doing:

[It's not a must for an asset to be owned by a company or an entity before it is a security]

Checking through my PC today, I found the screenshot below;



It must have been from Investopedia, saved because of Bitcoin, to debunk the heresy of the SEC during Biden's administration when it concluded that Bitcoin is not a security.

Is Bitcoin not a financial asset? Can't it be bought, sold, or traded? The SEC must be biased!

#Edit: Guys, please research before replying, I did mine. It's not a must for an asset to be owned by a company or an entity before it is a security. For the SEC to have declared such doesn't make it true or stand forever. The debate continues, and it's contestable in the future.

Guys, be vigilant while conducting a P2P transaction, no amount is too little to be scammed.

The lastest scam in town is shortpaying you in the guise of a mistake. For instance, if you order to exchange your USDT to get ₦84,000, some fraudulent guys will pay you ₦80,400 instead, and for ₦95,000, they might pay you ₦90,500. If you contact them before releasing the coin, they will cite a mistake and complete the shortfall. I never gave it much thought until it happened to me in 2 out of my last 3 P2P transactions. The last one didn't even state any reason nor apologise but later added the shortfall when I didn't release the coin, it's their pattern now.

What if you didn't pay attention? What if you were intoxicated or just being hyper? What if it's an emergency, especially medical? etc. Let's be careful!

Now, I need to say this: The ugliest and the most annoying part is that all the names that wanted to defraud me recently and those who have ever attempted to defraud me in P2P over the years are all identified with the eastern part of the country. Some of these guys had over 250,000 USDT, which means they are not poor.

What can I say, than urge them to be good ambassadors of their country.

I've always said that the last sign to liquidate my crypto assets and steer clear of crypto purchases at the end of Bull season is when the monthly chart is bearish. Many may take this lightly but I won't.

One important point that defines the Bear season is the inability of coins/tokens to return to their current cycle ATH anymore, can these coins/tokens do otherwise?




I'm of strong opinion that the Bear season has started like a play. And to those who are still expecting altcoin seasons, it happened somewhere in 2024 but many of us were blind to it.

Bitcoin has done what no asset in history has ever done and it did this in a very short time. It has always proven to be an entirely different structure for different plans and purposes, which makes it a raw and unique asset. By virtue, everything attributed to it must be new/raw, so people should stop making Bitcoin look like an imitation of Gold by calling it "digital Gold. The word "Gold" shouldn't be associated for any reason.

Besides, Gold already has physical and digital forms, so why still call Bitcoin physical Gold? It's off! No better place to change the narrative than Bitcointalk.

Bitcoin has been impressive during this bull run and enough anticipation for it to hit $100,000 continues to grow even as it has created another ATH of $99,803 on my chart.

Today, I see the achievement of the milestone as more feasible than before, the market may hit this level today, or before the week runs out if it maintains the current bullish structure. I hope there is no disturbing US news that can pull it lower, in that absence, it's more likely it will hit the much-expected $100,000 today judging by the simple trendline and bullish pattern on the daily chart as seen above.

Do you agree?

Bitcoin's rollercoaster rides since it hit the current ATH at about $73,850 in March has not been hidden and no doubt it must have disappointed a lot of people when it narrowly edged closer to it last week after 7 months of waiting, for it hit $73,610, only to sharply moved downwards due to many US news and the uncertainty around the US election. This may continue for a while but Bitcoin could still head for higher levels soon, it's only at a crossroads. With more bullish outlooks and confirmations on the weekly chart, the bullish path might be intact despite some bearish threats.

On the weekly chart, the OsMA is positive, and so is the Fibonacci as Bitcoin holds above the last Fibo level of 23.6% at $59,940. But trendline has been the issue since March as seen above, it aided the wavy pattern of the coin. It ensured the price did not slip above it until last week, unfortunately, the coin could not close above the level.

This is the mentioned crossroad for Bitcoin, a determining level for bullish or bearish supremacy. The current spot of the line is at $69,280, a sustainable breach and a weekly close above it could signal a more determined bullish market that will have the needed momentum to hit and breach the current ATH ($73,850). On the other hand, the persistent holding above this level may give the Bears the upper hand.

Let me know your thoughts, guys!

[Brazil ordered the closure of 2000 betting sites]

Rio de Janeiro (AFP) – Brazilian authorities on Friday began closing down more than 2,000 betting sites, including those that sponsors popular football team Corinthians and other first division clubs, as part of a push to regulate online gambling.

Source: Brazil ordered the closure of 2000 betting sites

What do you guys think, is it the right step? What will the government lose or gain? What will the citizens lose? Will the closed websites cooperate? Many might want to take their business elsewhere as they like to operate where the regulations are weak.

Do you think Brazilians would cooperate with the government? Some may think of VPNs to bypass the government's restrictions, but this might put them into trouble with casinos. I wonder how many of them know this.
It takes a bold step to do this and it looks like some countries are now waking up. Regulation is important in the gambling sector, it's better not to have gambling outlets at all than to have them do as they like without proper accountability and even pocket all the money without giving the government what is due to them. As for the government, the tax due is not justified if not used properly, sensitises/educates the people about gambling and protects the rights of the citizens/residents.

I love it when I read this, which shows the government's seriousness in collaboration with licensed casinos/sportsbooks.

[Note:]

The FED started cutting the rate in September with a 50 bps cut, more cuts are speculated to follow just as it hiked the rate when inflation was biting years back. Now, the question raised by people is whether it's ripe to start cutting rates, people are divided about this, but it is what it is.



Regardless, there have been arguments by the FED about the average inflation subsiding, a key reason for the cut. Truly, FED will not do what it can't justify but I feel that after the last rate cut, we should closely pay attention to the inflation gauge for us to take logical a side. The most important ones are the Consumer Price Index (CPI), Producer Price Index (PPI) and Personal Consumption Expenditures (PCE). Among these three, the FED considers the third (PCE) the most for inflation, but all are equally important and the CPI drives the market the most in my experience.

The latest CPI will be announced today at 1:30 PM (GMT+1). What is your guess, will it rise or fall? Will you kick against the FED's action to cut or support it when it rises or falls?



Note: This news may distort the market a bit and should be a pointer to justify the FED's stance on rate cuts.

#Edit: The news came out to be positive. This means inflation is not improving in the US, FED may want to be careful at this point.

This post might mean nothing to many of you, but to me, it means a lot and is proof that you might have all creativity, best service and genuineness but still lavish in failure with your business if there is no quality marketing. No matter what you do, let your product/service be good, but let the marketing be "better," if not "best." Those popular companies are products of good marketing and this marketing is not all about you spending all the money, you can engage people in terms of affiliates and before you know it, it would have gone viral.

What shocked me and even brought about this post was an in-game on Telegram that I joined through a Medium article about 3-4 months ago. The developers had good prospects and gave quality UI & UX etc, but they struggled to sell what they offered for months. They might have tried some nonsense marketing system that gave them about 450k fake followers. I know it's "nonsense" since their posts hardly attracted 700 reactions (like, love etc) for months despite 450k followers with over 100k views.



But in just 3 days of noticing they've partnered with a good advertising outlet, could you believe that the followers jumped to over 1 million with over 750k views and the reaction has reached almost 200k from below 700? This is awesome! This can only happen with the help of "marketing," which I now value more than products and services in a business's success.

The above topic was birthed by this post claiming TapSwap was a scam which I refuted a while ago as nothing monetary was mandated whatsoever. But today, I point out a real scam if at all one should be called out in this manner, and that is the Xempire airdrop structured plan to allocate the airdrop.

I've always known airdrops to be free giveaways, but not in this case anymore and the two pictures below speak enough volumes already. This nonsense is no more worth it.



Imagine, after many tasks were done over time without knowing, suddenly when the effort is about to bear fruit the project is requesting for more, perhaps something many people will not be able to afford/sacrifice. What a waste of time! Xempire mandates you to make a TON transaction before you are eligible to airdrop and when I tried to check where the gross approach was heading, I discovered you have to part ways with a whole 0.5 TON, who does that? For what you are not even sure of the price or receive something up to the 0.5 TON's worth? This is pathetic.

For starters, I am a Bitcoin enthusiast with so much adoption in HODLing, Payments and Trading and it has been a blessing to me. Despite that, what I do differently from most Bitcoiners is that I don't deceive myself, I will never be a bigot but face the reality of the situation. Thanks to my grassroots experience in the financial market, unlike those who only started during this crypto-era, the experience is so lacking and popular people can easily trick them. This is partly why Trump could deceive people this much, what a folly! To what end?

Trump will do nothing in the crypto world if he succeeds in becoming the US president, he is only using Bitcoin and others to ascend to the throne. Someone who had condemned Bitcoin many times in the past but suddenly started painting himself as its messiah, don't you think this has some undertone? Why are people so gullible? Many bullish speculations are flying all over the internet to his credit, but talk is cheap and the market is not foolish, we can see the true reflection already.

I like us to see beyond the deception of those who want to use Bitcoin's popularity for their gains and still later abandon it. The future of Bitcoin only lies in the hands of the true adopters, not fake ones. Don't you guys think the true adopters of Bitcoin will lead by example? How many estates, hotels and businesses of Trump are now accepting Bitcoin for payments? Or how many of his liquid assets has he converted to Bitcoin? Talk is cheap, a true Bitcoiner will surely lead by example.

Bitcointalk seems not as informative as it were, dYdX is a notable DEX. The news is supposed to be here now, and importantly warn people of an impending danger.

The DEX alerted about the compromise yesterday on their X and warned of not clicking any link related to its V3 for the time being but claimed that the V4 is working perfectly well.

https://x.com/dYdX/status/1815780835473129702

I wonder how many people will even know the difference between V3 and V4.

By my understanding, the popular https://dydx.exchange is the V3, while https://v4.testnet.dydx.exchange is the V4.

Please be warned!