I wrote the thread because I see that newbies are creating different threads complaining how they are being attacked by forum members.

Newbies should stop feeling attacked  by anyone when they are been corrected on mistakes that they make here, or when they create some kind of thread for merit sake, which some members believed that it is to farm merits. As a newbie, it is a norm that you guys will have no knowledge or little knowledge on bitcoin and the forum, and that is why when you come up with a thread or comment, high rank members will correct you.

Let the newbies not see this as a problem to them in order for them to learn on a free mind and grow gradually just as other members put their efforts and time to learn and grow in the forum. This forum is a place to learn a lot and there are experts in various boards here, so correcting you is not bad but to make sure that you don't spread wrong information that can mislead others here or even outside the forum. Almost everyone here in the forum with high ranks have been corrected when they were newbies too.

Newbies are not only being corrected but they are also being encouraged and being praised. This is why newbies need to take their time to learn by reading here and making researches to improve their knowledge in order for them to come up with quality contributions.

I can see from this information that the government of US have a big interest in cryptocurrency but they are doing as if they don't care about the profitable digital assets. Now I see the reason why they are having issues with exchanges, because they have seen the billions that exchanges are making a day. The ETF launch also broaden their knowledge to see how the world have moved their assets over to cryptocurrency, and now they are trying every means to see how they can regulate it.

It did not just stop at there, the government also want to have their own piece of cake, by having the intention that  banks should be permitted to be in custody of cryptocurrency. Is this another way in which Biden is thinking the government can be in control over the crpto space. I posted this topic here because it is bitcoin especially and altcoins that means cryptocurrency. What are your thoughts on this.

I saw this on X, and I decided to bring it down here for discussion, because when there is high fee in bitcoin transaction due to spamming on the blockchain, a lot of silly things are done just to get their transaction confirmed.

I know that due to the halving a lot of people are paying high fee so that their transaction will be included in the halving block for some reasons best known to them. Some believes that the next block after the halving will be expensive, which I can understand that. But what I don't understand is someone sending a dust transaction and used 507,109usd to pay for transaction fee so that his $0.70 amount will be included in the bitcoin halving block. Why will one do such, is it madness or he wants to make history or pride. I ask this because this is the time that people are holding tight to their bitcoin, and some careless about the amount of coins that they have.



Can someone tell me why he/she will want to do this.

This is a reminder to all, both newbies and OGs in the forum on account security. It is good that when we are creating an account in this forum or any other important platform, we should always use an email that we have access to all the time. Some people use random emails that they can lay their hands on to register their account forgetting that, if you don't have access to your account, maybe you forget your password or where you wrote it down, you don't have access to the book. It is only from your email that you can use to have access to your account.

What I am saying is that, those of us that are using an email address that we have forgotten the password or don't have access to the password, should go and create a new emails address and change it with the old one, so that incase you forget your password or don't have access to your bitcointalk account, you will not be worried, as you can just use your email to login to your Bitcointalk account with ease, because a link will be sent to that email from the admin here, which gives you access to change your password and login. Try not to save any password in your head, because it is a big risk but write it down in a notebook, and back it up so that when you misplace wherever you wrote your password down, you can reach out for the back ups. Don't save your password on cloud flare or on your computer, because it is dangerous and can easily be accessed.

You should also make sure that the email you use on Bitcointalk account registration is very active on your device or computer for notifications, and don't ignore any notification from that email address so that if your account is hacked, immediately you will know, and if you are smart enough, you can use your email to reset your account password, before the hacker changes the email address to your account. I am saying this from the experience of what happened to me last week Saturday, I don't know how I forget my password, and when I reached out for the book where I wrote it on, I couldn't lay my hands on it.

I got worried, and didn't enjoy my Easter day, because of not having access to the email which I used to register my account, as it has been 2yrs since I created that email before I used it to register my bitcointalk account here. I neglected checking if I still have access to the email address, because I believe that the password is safe and anytime I want it, I can get it. To cut the story short, it was on Tuesday this week that I was able to have access to the email for a change of password on my Bitcointalk account, which got be relieved.

So tell me if you have had such experience of not being able to login to your Bitcointalk forum account due to password issues, and how did you feel about it. Let's discuss.

I say make I bring una the latest information wey I just get on how scammers don dey use decieve people wey dey use Opay online banking app, to give them the access to fit thief your money from your Opay account. I know say most of us here, na this online banks them like Opay, Palmpay and Kudda, na them we dey use pass, because of quick and fast payments method wey them get. The scammers are claiming to be from Opay and they dropped a picture which they will tell you to use your Opay account and scan the QR code in the picture, so that they can have access to your funds. The funny thing is that they even dropped a link and said that you should click on the link. So let's beware of such message and delete immediately. Also share this with any of your family, relatives and friends that are using Opay, because they might not know it is a scam.

[Bull run 2013:]

I decided to summarize the events/news that led to bitcoin bull run and bear market since 2013 to date.

Bull run 2013: August 2013, Bitcoin was officially declared as a unit of account by German regulators. This led to the adoption of bitcoin, and by December 2013 the price of bitcoin reached $1163 for the first time, which is the first bull run.

February 2014: After the bull run come the bear market and this was caused by the hack of Mt. Gox Exchange, in which around 750000 bitcoin that belongs to users was stolen and this led to the bankruptcy of the exchange. Bitcoin price crashed from $600 to $111, which was a 90% drop in just two months from $1000-$111.

Bull run 2017: 2017 was the year that thousands of cryptocurrency was created and ICO mania. This made the crypto market like a casino, where investors decide to invest on different altcoins to see it they will make profit, but they were all disappointed as the altcoins failed them. This led to investors having more trust in bitcoin and this fuelled bitcoin price from $1000 to $19892 in December 15, which gave a 20x rise on price of bitcoin within 12 months. However the rumor was that one of the altcoins dev pump funds into bitcoin to manipulate the price.

Bear market 2018: In January 2018, Chinese authorities forcefully shut down mining operations in China, which made miners pack up their bags and moved to a bitcoin friendly country like Russia. The made bitcoin price to dip from 14,093 to $3250, which was the bottom line of that circle.

Bull run 2021: The bull run was triggered with the news that US SEC will launch the first Bitcoin ETF in the US, also Tesla announced acquiring $1.5b worth of bitcoin. These news skyrocket the price of bitcoin, which led to the high demand of bitcoin due to FOMO and the price of bitcoin hits ATH of $65k in November 2021.

Bear market 2022: Bitcoin price started to dip due to some natural challenges in the crypto market, but the worst of it all was the crash of FTX. In November 21,2022, bitcoin price dip to 15787 with a drop of 63%, and that was the bottom line. Bitcoin started bouncing back from January 2023 and till date the price is still moving up.

Bull run 2025: The news of Bitcoin ETF approval is a great news that will help bitcoin price to reach a new ATH in the coming bull run after the halving, and let's hope to see a good price of bitcoin
https://bitcoinmagazine.com/guides/bitcoin-price-history

I might say that the approval of Bitcoin ETF by SEC is a good news for bitcoin price to skyrocket during the bull run but we haven't seen any change in price yet.

Bitcoin is the only digital asset that Gensler routinely acknowledges is not a security, maintaining that the vast majority of other tokens fit the legal definition of securities that are rightfully under the SEC's jurisdiction.

Gary Gensler was under pressure and this forced him to approve Bitcoin ETF
What are your thoughts on this?

Edited: PS

Ever since I joined this forum, I have read so many topics of forum members introducing bitcoin to people around them for the fast growth of bitcoin adoption. I saw that there are some people that are missing from this great innovation and this set of people can be the leaders of tomorrow, and this are the orphans in the orphanage homes. This kept me wondering that how will these orphans also have bitcoin knowledge and maybe they can also be part of the bitcoin community in future. If they know the basic of bitcoin from now, as time passes on they might pick interest to know more about bitcoin, since bitcoin will soon be the talk of the town everywhere you go.

I went on charity work to the Diasy orphanage home in my LGA today which happens to be my birthday to present them with gifts and food items, and I  used this opportunity to introduce bitcoin to them, telling them that all I brought to them was gotten through bitcoin. Today is my first time to celebrate my birthday with orphans and as you can see I am in Diasy orphanage home to put smiles on the face of the orphans because this is the season to show love to people around us. I have introduced bitcoin to these lovely children after I presented the gifts to them. Mrs Inita Amaduwgu is the owner of the orphanage home and she was happy with the introduction of bitcoin to the orphans and her workers. She said that she will create time for me to come back and teach her workers, when the children have gone to school, so that they can also teach the children at their own convenient time. I gave gave them a cartoon video on bitcoin so that the younger children will not be left out.

I feel very excited and have this joy in me for what I did today, and I said let me share it with you all. I thank the Almighty God for giving me the grace be plus one today.
My thanks goes to julierz12 and [banned mixer] team for giving me the opportunity to work with them, because it was the money from my signature campaign that I used to buy those gifts. I also give thanks to all forum members who have motivated me in one way or the other.

I wish you all a merry Xmas and a Happy New year in advance.








[img width=]https://talkimg.com/images/2023/12/18/EOAIc.jpeg[/img]

This is a warning to newbies and a reminder to old members that they should not leave their coins in an exchange. Some old members would not learn from other peoples mistake but they will want to learn from their own mistake.
From the word exchange, it means that it is where one goes to buy and sell cryptocurrency to fiat and vice versa. I have observed that newbies don't know the difference between an exchange account and a bitcoin wallet. When you register with an exchange, they have a bitcoin address available for you, in which you can use to receive bitcoin and send bitcoin but that is not a wallet. It is advisable that before you buy your bitcoin, you should have created a noncustodial wallet like electrum or blue wallet and only download the wallet app from the original website. After setting up your wallet and you have your seedphrase backed up, this is when you can now go to the next step of buying your bitcoin from an exchange. After you must have bought your bitcoin from an exchange, you should not waste any little time but transfer your bitcoin Asap to your noncustodial wallet to safe gaurd your bitcoin.

Exchanges are used by traders for their daily trading and as a newbie, you shouldn't jump into trading until your have learnt the fundamental analysis and technical analysis to your proper understanding and also have learnt how to read charts, this is because trading is very risky and a newbie with zero knowledge on trading will end up losing all his coins. You should see exchange as a market place where you go to buy and sell and when you are done with whatever you went for in the market, you take your goods home because if you leave what you went to buy or sell in the market it will be stolen in the market.

See exchanges in this same way and whatever that makes you to use an  exchange, when you are done, you should not leave your funds in there. We have seen big exchanges like FTX crashed and the whole thing is still a drama currently. You should only leave the amount that you can afford to lose in an exchange and don't for once risk your bitcoin. This is because exchanges are in full control of your bitcoin and they will decide what happens to your coins the moment you keep it in their custody.
Keep your bitcoin safe from third party.
Not your keys not your coins.
Let's discuss.

Newbies who have not yet invested in bitcoin or have bought their first bitcoin, or people that want to continue with the increase in their bitcoin portfolio should put in consideration of using Dollar-Cost-Average(DCA) to increase their bitcoin portfolio, as this is the most convenient way to accumulate bitcoin gradually without worries of the price movement of bitcoin. DCA is means that you are to maybe 10% of your income to buy bitcoin either weekly or monthly, it is just like you save some part of your income regularly in order for you to use in to achieve a goal in the nearest future.

For those who don't have regular income but do have contracts that their money comes once in a while, there is what is called upfront DCA. Where you can buy use a certain amount once. Maybe let's say that assuming, you are monthly income and you budget $100 for DCAing monthly, if you are the person that is on contract based, when you get paid, you can use $800 to buy bitcoin which will be for four months DCA before you buy again.

There are other methods, which one can buy bitcoin, which is buying at the dip and lump sum, but this method will only help old investors who have accumulated a significant amount of bitcoin. Why is the DIP not too encouraging for newbies is that, no one can predict the price movement of bitcoin when it will dip and if you are waiting for the dip to buy, you might not up using the money that you are keeping for an unforeseen challenges and it will not make you increase your bitcoin portfolio fast. Buying at the dip is good but anyone who is using DCA will have a better chance to increase his bitcoin investment because when bitcoin price dips, they will increase the funds that they are using to DCA and when the price of bitcoin gets, they can reduce the DCA amount. The high price that they bought at the dip will balance the low price that they buy when bitcoin price is very high.

There is also what is called hyper DCA, this method is a kind of pattern that one can buy bitcoin anytime and not with a certain amount of money, just like the way MicroStrategy buys his bitcoin. For you to know that he is DCAing is when you add all the bitcoin that he has bought together, and how many years he has used to buy them. This will give you the average price by month or annually.

Note that one can never increase his bitcoin investment portfolio through trading but rather you will decrease or loss your bitcoin through trading, because trading isn't something very easy as people thinks it is. HODLing is the only way out. You need to have a means of income to enable you buy bitcoin, and if your income is very low, try to get a second means of income, if you really believe in bitcoin. No amount is too small to invest with, the earlier the better as time waits for no one.

I know that it is not too advisable to teach kids bitcoin,but you can still teach them if you want them to have the idea of bitcoin. I want to share my strategy on how to teach kids bitcoin and you can try it. Especially, those of us that want our kids to know what bitcoin is or have the basic knowledge of bitcoin. If you have a cartoon on bitcoin,you can put it for them to watch and after watching,ask them if they enjoyed it. Tell them that whenever they watch the cartoon, you will give them a reward,and it should be the something that they like most. Maybe candy,ice cream whatever that you know that makes them happy when they eat it,but something easy to afford. Like down here I can buy some chocolates for him. Tell them to watch it every evening or when you think is cool for them. Don't forget to keep to your promise whenever they watch the cartoon. You will see that they might not like the cartoon but they will love to watch the cartoon based on the benefit attached to it,and some will love to watch it not because of the benefit. You will see that consistent watching of the cartoon will begin to send messages to them about bitcoin and before you know it they will start asking you questions from the cartoon that they don't understand. From there you might take over from there. This is what I think that will work for me but it might not work for everyone. Newbies can also watch this cartoon to get a glimpse on what bitcoin is.
I have two cartoons on bitcoin

Turtle Twins

Tears of Clowns

What are your views on this.Let's discuss.

As a gambler,I know that we have done so many mistakes in the pass base on our bets and wrong strategy or calculations that we have done which led to losing the game that was suppose to make you win big. I want to use myself as an example,I love sportbet and I bet more on it. Last months I placed my bet on 7 games that was to be played for two days. When the 5th game was played,all matches came out as predicted and I was called by the casino,to offer me a cash out of $200 in my local currency and I refused it because if the other two games was played and the I got the predictions right. I will win $1200,so I turned the offer down. The painful part of it was that the two games were to kick off on the same time,and after the games,my prediction for the two games was wrong. I felt so bad because I allowed greed to control my emotion. For this reason,I having decided that when ever I have an opportunity to cash out again,I will always go for it,instead of thinking that I can win all the money.
So my question is this,as a gambler what mistake have you made when gambling that prevented you from winning big.
Let's discuss.

[Nigeria police or Politicians or we the citizens.]

I beg my pipu,I dey vex for the way things just dey scatter and inflation dey high everyday by day. Tinubu wey some people say na him dem want, say him go fit change things for the country to make am better,come join dey make am worst the more. Imagine three months never reach Baba remove fuel subsidy,remove education subsidy and still go apply for loan say him wan use am pay poor Nigerians 8k for 6 months. Yesterday,I dey watch news come discover say fuel wey them say no more subsidy price from 530 run reach 630,I ask myself say how come. This make me dey wonder say make I ask this question since na all of us dey the country together dey see as things don dey  go ever since. My question be say for Naija na who dey make things dey spoil the more,shey na our Nigeria police or Politicians or we the citizens. I beg give me your reason.

As an investor on bitcoin,I know that most people invested to make profit by buying their bitcoin and try their possible best to hold on to their bitcoin till the next bull run,which will be a perfect time to sell and make profit. My question goes like this
1. What price do you think that bitcoin will hit in the next ATH.
2. When do you plan to sell and make good profit from your bitcoin portfolio,is it next bull season or the next two bull market,because bitcoin price is always tempting during the bull run. Give me your target price that you will be happy to sell off your bitcoin.
Let's discuss.

Happy Eid-El-Kabir
 I wish every Muslim in the forum a happy celebration. This feast marks the call to our religious duties. As you celebrate today may Allah grant you all your heart desires and to a peaceful life to work with him. I have some Muslim friends down here in my country and on this day,they show love to everybody around them by giving gifts and drinks to them. I know that Christians has their own feast days but my question is this
1. As a Christian, do you have any Muslim friend that you will be celebrating with him today
2. Is it good as a Christian to partake in such feast that is not of Christian. Does this show love and unity,if one does that.

Spreading bitcoin awareness or teaching people about bitcoin is the best way for rapid adoption of bitcoin. Some forum members try to force their kids,friends and relative to learn bitcoin which shouldn't be so. Learning of bitcoin should be based on interest and not by force. If you try to teach someone about bitcoin and that person is not showing any interest, it is better that you forget about it,and try to talk to someone else who will be interested on it. Remember, no matter the effort that you put in,to teach someone who is skeptical to accept new ideas or that person feels that he is a professor or knows more than you in other aspect of life,or if he is even richer than you,will end up being a wasted effort. This can discourage you to stop spreading bitcoin awareness, due to the negative responds that you will get from them.

Another reason why you don't have to force people into learning bitcoin or investing in bitcoin is that,if you force them, it will look as if bitcoin is a scam because, you are over doing it and they will be reluctant. Lastly, if you want to teach or introduce bitcoin to someone, make sure that you tell him more of the risky side and don't just tell him about the benefits,so that it will be the person choice to invest in bitcoin or not. If you only tell the person about the positive side and the person gets excited and believes that bitcoin has  little or no risk,or the person thinks that bitcoin is a get rich project from your explanations. If the person invests and the market moves downward or in opposite direction away from the investor mindset,he will the discourage and might call you a scammer because you failed to explain the risks of bitcoin investment to him. One should also take note that bitcoin is a very risky investment and needs proper knowledge and understanding for a newbie to believe in it.
  
It is how we explain bitcoin to people that will make them decided whether to invest or not. I think that the best way one can convince someone on investing in bitcoin is when you live by example,i.e when you have invested into bitcoin and you also have what to show for it. Some newbies don't have any bitcoin investment but they are teaching people about investing into bitcoin, how will they be able to convince the person that they are talking to.
Remember that knowing the theory and carrying out the practical will help you to have a proper knowledge on how to spread bitcoin awareness the right way,i.e you have the knowledge that it is long term investment that is more profitable and you have your bitcoin investment which you are holding for long,so that you can bring in more people into the bitcoin community.

Let's discuss

I have read about plagiarism in the forum which is a great offense here and anyone who is caught will get banned from the from. If someone wants to copy and paste here,he must provide a link to that which he has copied from.
I don't know if someone wants to use a picture on the internet without providing a link to that picture, if that user will be banned for his action or I must also provide the link to that picture which I used. Is using someone else picture without providing the link also plagiarism.
Using AI generated post, which I know that is not encouraged in this forum, what will be the penalty for such action,is this the same as plagiarism ?
I need clarification please, so that I can last long here.
Gracia.

I have notice that the world is changing gradually into the era of AI,where so many things are done with AI. A lot of human jobs will be replaced by AI by 2033. From my understanding the US has grown faster in this technology that any part of the world,followed by China.
The only thing that I know AI can't do is to think like human in reason and on decision making. Very soon we with start hearing statements like AI wants to predict the future because I have read post about AI predicting matches and the rest. My question is this,can AI be used to fight war ? If yes don't you think that the country with the higher knowledge on AI will always win the war or is there a possible way that the war can be manipulated.
What is the possibility that the country with low knowledge in AI will win the war ?

   Family should be put first in whatever engagement that we are involved in. Putting work or business (money) first before one's family should be discouraged. Some persons see riches as rest of mind and happiness, as long as they can provide for their needs. On the other hand some people see riches as properties and investment, this is what makes people who fall in this category see money as everything. So many homes are broken and so many marriages crashed out because the husband and wife give more time to their source of income rather than their spouse. Instead of creating little time to spend with their families to build a stronger bond, they devote all their time to their work or business. Many fathers hardly have time for their children,even when the child has as presentation in school or has a role to play in school or church occasions, they hardly show up,all in the name of work. This shows that most fathers pay more attention on their own selfish interest not putting their family interest first.
   At weekends, instead of staying at home with their families, there is always an excuse to go out and chill with friends or to have fun. Before you know it,the family value will be lacking because the head is not always around to play his role. Providing for your family is not enough as a man to show that you care for them. Sometimes their kids might end up missing the value of a father's care and advice. This attitude can also lead to the woman not comfortable with the man behavior and might file for a divorce,due to the fact that the family's love is decreasing and not increasing. When a child is raised up by a single parent his/her life wouldn't be the same if a child that was raised up with both parent.
    My neighbour is so much dedicated to her work and gives less time to her husband. Her husband is very rich and has so many servants in his house,this shows that she lacks nothing and can be properly taken care of. She goes to work very early and comes home in the evening, and she wouldn't even do anything but working with her laptop. He complained to her but she didn't picture his feelings,and continued with this for long. His love for his wife started depreciating and he was tempted by his wife's friend who knows that he lacks his wife's attention and took advantage of him.

Finally, he got her pregnant and had no choice but to bring her into his matrimonial home and it was then that his wife realized the shit that she caused in her home. It was too late for her to fix things, so he divorced her and got married to her friend.
My little advice is that we should try and give the required time to our love ones so that the family lover will grow deeper and the family bond will be stronger. A happy man is a healthy man,and a healthy man is a productive man. There is time for everything.
Gracias.
    

[Use money that you can afford to lose:]

I will not say that bitcoin and gambling ate the same because bitcoin is a digital currency,while gambling is an activity that is carried out by human for pleasure.
From my own point of view bitcoin and gambling have some similarities in common for someone that want to partake in them. These are as follows :
--Use money that you can afford to lose: This applies to both. If one wants to invest in bitcoin, you will be advised to use the money that is not made for other important needs to buy bitcoin. So that going into long term investment can generate you with a good profit. One the other hand if you use the money for your important needs to purchase bitcoin,when the time comes for you to be in need of the money, you will end up selling your bitcoin even though that the price is below what you bought it. You might still end up selling your bitcoin due to panic and this will lead you to lost.
 This goes with gambling, if you don't use the money that you can afford to lose,you have paralyzed the fun in gambling,because if you are losing, you might keep on chasing your lost and this will lead to to losing all that you have on you.
--Having the knowledge of it : Anyone that wants to invest in bitcoin needs to have the proper knowledge of it. This will enable you to monitor your investment and to be patient with it,until when the bull market arrives,you can sell if you are okay with the profit that has accumulated. You indeed need the knowledge to know how to secure you bitcoin and the type of wallet,in order to safe guard your investment from scammers and being victim to centralized exchanges.
  Likewise gambling, if you don't have the knowledge of the game that you want to stake on,you will end up losing every time that you play. This is because you lack the skill and strategy you need to win the game. For example poker,you will only win on your lucky day,since gambling sometimes is based on luck.
--Part of human nature : Bitcoin is a digital currency and it is important that human have something of great value,in which they come in agreement to be used for trading and it will be accepted worldwide for easy transactions. Before fiat currency came into existence, cowries,silver and gold was use for international trade. Fiat currency took over from gold,bitcoin is an alternative currency which can be used for international transactions in replace of fiat currency.
  Likewise gambling, which has been in existence since the creation of man,because gambling is part of human nature and human invented gambling,because it is a means of entertainment and for fun.
--Patience : Bitcoin investment needs patient for an investor to make profit from it,it is not a get rich quick investment. After the halving,when bitcoin ATH comes,only the patient ones will make huge profit from their investment, regardless of how much that they invested.
  Likewise gambling, you need to be patient with your gambling activities and don't let your emotions control you and don't be greedy,so that you can easily quit the game you are losing and try again tomorrow, with the hope that tomorrow will be a lucky day.
--Discipline : Investing on bitcoin needs discipline for you to be able to accumulate more coins for yourself during the bear market and hold for long,till the bull market. Some persons can't just take their mind of their savings. They easily go to their savings,if they are faced with little difficulties that they can take care of without touching their savings. It is one thing to have a savings and another thing not to temper with your savings till the appropriate time that you planned for.
  Gambling also needs discipline, which I will call self-control. When you don't have self-control over your gambling activities, by setting out an amount and a particular time duration for gambling, you might end up to become an addict, which is unhealthy to human.
--Fun and entertainment : Finally,accumulating you bitcoin gradually and seeing the price pump gradually time to time,gives you joy and you will be excited towards the price pump. I know this might be wrong to some other persons but this is what I feel.
Tell me what is your opinion on this.

[Centralized Exchange]

I tried using the search engine to see if this topic has been discussed or created by someone but I couldn't find it.
I see it that Newbies are getting it twisted to differentiate between centralized exchange and decentralized exchange thinking that they are the same. Some of them are been deceived by the words. Most centralized exchange confused their customers to make them believe that they are running a decentralized exchange.

Centralized Exchange is an exchange that is own by someone and it is used for the purchase of crpytocurrency and also for the selling of crpytocurrency. In this exchange,a third party is needed to help customers keep their funds,for easy transactions between one another. That is,someone is in charge of every transaction made by conducting the transaction. Examples of centralized exchanges are Binance, Remittano e.t.c.
                Prons of Centralized Exchange
-- Centralized exchanges links people to the crypto market.
--Your wallet is controlled by a third party, this makes it impossible for you not to have access to your wallet.
-- Centralized exchanges are used by traders for trading.
--Some exchanges gives a little interest,if you keep a certain amount of coins in their wallet.
-- Centralized exchange makes changing of bitcoin to fiat and vice versa very easy without passing through stress.
                    Cons of Centralized Exchange
-- You don't have full control over your bitcoin because they are in charge of your keys. Not your keys.....not your coins.
--You can be restricted from having 100% access to your funds,if you want to transfer all your coins to another wallet that is not in their platform.
--You can lose your coin at anytime due to mismanagement of customers funds or a hack into the system.
-- CEX, are not trustworthy,since they can gain your trust on them and scam you in the next minutes,and come with fake excuses. Some of them after scamming their customers, will go and open another exchange with a different name to continue their scam project.
-- Centralized exchange depends mostly on users funds to run their exchange. If most users transfer all their funds at once or on the same day,it will lead to the crash of the exchange due to low liquidity.
-- KYC is important in a centralized exchange which makes users identity known and all transaction can be tracked by government, which makes customers vulnerable to attack. Government can freeze customers funds for any reason.
--Centralized exchange can easily be manipulated by the government.
Decentralized Exchange : Decentralized exchanges are peer-to-peer market places,where crpytocurrency traders make transactions directly without handling over management of their funds to an intermediary (third party). This transactions are facilitated through the use of self-executing agreement written in code called smart contract. DEXs were created to remove the requirement for any authority to oversee an authorized trade performed within a specific exchange. They are noncustodial, which means that users keep p control of their wallets private keys. Users can immediately access their crypto balances after logging with their private keys.
   A decentralized exchange is built on top of a blockchain network that support smart contracts and where users keep custody of their funds. Example of DEXs are bisq
https://cointelegraph.com/learn/what-are-decentralized-exchanges-and-how-do-dexs-work

              Prons of Decentralized Exchange
-- You are in charge of your bitcoin : This means that you keep your funds in your own wallet,where no one can have easily access to.
-- Governments or authority have no access to oversee your transactions because it done anonymously,and therefore,your funds can be freeze.
-- DEX gives its users privacy and security.
-- There is no back door in DEX,which means it cannot be manipulated by government or anyone.
-- It uses P2P trading : You don't need third party to conduct trading for you, you do it yourself, because your transaction is on top of the block chain,and a transaction fee will be paid.
-- Transactions are facilitated through smart contracts.
             Cons of Decentralized Exchange
-- For you to trade your bitcoin to fiat and vice versa,you need a trustworthy person to trade with,if not you can get scammed.
--- You will lose your bitcoin, if you mistakenly send it to the wrong address, because Bitcoin transaction in the blockchain cannot be reversed.
-- If you misplace your seed phrase,you will not have access to trading because your seed phrase is the what you will use to login to DEX.
As bitcoiners it is good we understand about the type of exchange that we are using for trading. I don't think I have written them all,if someone have any addition to this,you can also add yours.
Gracias.