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1  Bitcoin / Bitcoin Discussion / DCA method on: October 09, 2023, 08:02:59 PM
You have no excuse not to acquire Bitcoin, this is one of my most used word when
 discussing with my friends that have
 high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
 DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?
2  Local / Nigeria (Naija) / Oyibo man call am tribalism on: October 09, 2023, 07:21:32 PM
My country people I dy greet oo,
Good evening inside this evening,

I want tlk about one serious issue wey dy bring us backward for our country wey be na my brother na my brother, oyibo man call am tribalism.
True true for this country we dy go back because we we know people we dy capable to do most of the jobs for we country, but base on say him no from my place, we no go give am the job, we go come give less qualify person we go do nonsense wrk, or person wey no know anything about the job base on say na ur brother.
Am

Make we take our presidency as example now, during election time in 2015, we know say buhari na less qualify candidate, but because we dy do brother brother, we vote am in, him come later dy show us shege.
Early this year, we know say jagabam na less qualify candidate due to health reason and intellectual capacity, but because of tribalism, na south South turn, we still put am for power, now him dy show us snr level of shege.
All this na north turn, na South turn, e don tire me, we sopos dy more concern about who go fit do the work well, no be brother brother tins.
After all this man no man tins, wen tins do go ugly, we go start to dy cry as if to say we do the right thing we go cry.
My country people how ona see this wahala we dy inside so?
3  Other / Beginners & Help / Cryptocurrency thought me Patience on: October 08, 2023, 11:31:15 AM
During my early days in the crypto industry I struggle to hodl crypto asset because I am naturally impatient person, of a truth I struggle to hodl, I mostly sell my asset at a loss.

One thing I observe is that the moment I sold. it at a loss, not quite long, the crypto asset start appreciating in price .
It got to a point I almost quit, the only thing that makes me not to quit is i believe that quiter are for failures.

Through reading and under going through crypto courses, I became more enlightened which made me hold high value asset like Bitcoin, Entheruem and Bnb.
Now when I think back of my struggle in holding an asset in my early days, I just laugh, because I lost a lot due to impatient.

My advice to every newbie out there, without patience you cannot be successful in crypto.
4  Bitcoin / Bitcoin Discussion / Bitcoin can change lives on: October 08, 2023, 08:04:51 AM
Keeping records and history is a very important aspect in the crypto industry, as it helps us know the the event that took place in the past.

So many people, when you suggest investment in the crypto industry, they will tend to make excuses of market volatility and coin performance in 365 days without even doing there own research, what about some years back?

In 2010, one Bitcoin was just $0.20, and buying 5,000 Bitcoin would cost only $1000.
Compare that price as of then to today's price $27k plus,  you would be obviously filthy rich.

I hope that this open the eyes of most newbie's the potential of Bitcoin, if you are already in the Bitcoin market just be happy because this market have a lot more to offer,

The most simple but effective way I use to navigate my way in the market is the DCA method I use, accormulate as much Bitcoin as possible because the bull run will definitely change the history of your finances if you position your self right and wait patiently for the bull run to come .
5  Economy / Trading Discussion / Common mistakes by unskilled traders on: October 07, 2023, 10:28:17 PM
Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,

_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
   Before entering a trade, an entry point and exit point must be spotted if you want to succeed.

_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.

_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.

_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.

Remember trading requires not just strategy, but discipline
6  Other / Beginners & Help / Newbie Don't be afraid of buying Bitcoin on: October 06, 2023, 09:56:36 PM
The purchasing power of 1Us dollar vs 1Bitcoin clearly shows that one is going to zero, while the other is not.

When we compare Bitcoin with the best, most used fiat and most reliable currency in the world, the Us dollar it clear show that Bitcoin is on a different level to the Us dollar.
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
 
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
Why do you think Nasdaq crashed 1.8% 2days ago  and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer
7  Bitcoin / Bitcoin Discussion / If not for Bitcoin on: October 05, 2023, 01:54:56 PM
When I saw the benefits of having Bitcoin, I take it as a financial suicide not having Bitcoin.

Who would have ever known that from the start of 2021, that;

_3AC(crypto biggest VC) would subsequently collapse.

_ Blockfi, Celsius and voyagar would go under.

_FTX would implode, and SBF being exposed as one of the world biggest fraudster in financial history.

_ Luna would go to 0.


Upon all this event that has took place,  the crypto industry would have completely collapse if not for the confidence and trust investors have in Bitcoin.
It has kept the crypto industry running, just look at Bitcoin today, it's still standing strong above 27k.
If not for Bitcoin, we would have all went home sad.
Cheers to all the bitcoineers
8  Bitcoin / Bitcoin Discussion / Lessons of my experience and knowledge about Bitcoin on: October 05, 2023, 03:54:06 AM
_ Stick to Bitcoin: it's the real deal. Don't gamble on other cryptos

_ Avoid trading altcoin: you are not a genius trader, you will eventually get burned.

_ Never trust price prediction: no one has a crystal ball.

_ DCA into Bitcoin, emotions aside, No need to time this market.

_ share Bitcoin cautiously, people might think you want to scam them.

_ Attend meet up and conference, the Bitcoin community is awesome.

_ Guide newcomers to the crypto industry to Bitcoin only.

_join #bitcoin Twitter: it's less lonely with fellow holders.

_ Don't Force Bitcoin on others, but be a resource to those who seek knowledge
9  Other / Beginners & Help / Be careful were you put your hard earn money on: October 03, 2023, 10:44:16 PM
During the 2017-2018 bull run, crypto experience fraud from bitconnect, onecoin etc who disappear with billions of peoples dollars.
At bull run 2020-21we also experience fraud who will subsequently take advantage of people gullibility to ruin them, Luna, 3AC, Ftx, etc.

you should know that no matter the punishment for the person behind these scandals, there will always be bad actors in the crypto ecosystem at the next bull run .
We need to be sure where we put our money, no matter how solid the project or exchange looks like, if the founders mismanage people fund,  we will be burned if we don't take the necessary measures, imagine those who believe Do kwon's Luna.

When they finish talking advantage of Bitcoin and altcoin all time high, they converted everything to ust to be able to earn free money 20%  a year on anchor protocol.
And selll their ust at a loss because they where skeptical of depeg at the beginning and believe too much in Do kwon.
After having sold there ust's they took the remaining money to put in Ftx to loose in November because they where quite gullible.

It's just like profit from a bull run and be ruin by scammer or irresponsible player in the crypto ecosystem. Don't be too believing of anyone in the crypto ecosystem, especially with your hard earned money, tred with caution.
10  Local / Nigeria (Naija) / Naija and power on: October 03, 2023, 01:16:49 PM
My country people I dy hail una inside this hurt afternoon, e get one habit wey we for we country dy do wey I no like at all,
na wetin I wan talk about today.

We for we country we too dy wicked our self, yes we, we too misused  power, we go dy complain say jagabam do dis and dat, but give us small power first, most of us worst pass am.
How person go enter market to go buy something wey him dy buy steady on a daily basis, but because say na only one person get the goods or services that day, him go just skyrocket the price as if him no wan sell, base on say na only him or she get the tin, you go later buy am since you need am desperately.

Ok make we take naira scarcity for example, during dat time Pos people dy behave as if dem be king, dy wicked people anyhow, if y wan collect 10k, dem go tell you 50-50 for your hard earn money, some people for we country no dy try, we worst pass our politicians.
Any small power wey enter our hand, we go wan use am anyhow, my country people how una see dis gbege?
11  Economy / Trading Discussion / Arbitrage trading on: October 02, 2023, 03:15:30 PM
Arbitrage is the strategy of taking advantage of price differences in different markets for the same asset. arbitrage is purchasing an asset in a market where the price is lower and simultaneously selling the asset in a market where the asset’s price is higher.

How to become a crypto arbitrage trader quick guide

_you must  have a crypto wallet.

_ $100 or more

   Find arbitrage opportunities

_Manually monitor cryptocurrency price on different exchange.

_ Use a crypto arbitrage scanner website or app to spot  opportunity.

       Executing the trade
_ Deposit fiat currency into the exchange with lower crypto price.

_Buy the crypto currency at a lower price.

_ Transfer the crypto to the exchange with higher price.

_sell the crypto at the higher price.

_ withdraw you fiat currency from the higher price exchange.

       Risk

_ Be mindful of rapid price changes.

_ watch out for exchange fees that can reduce profit.

_ consider liquidity risk that could make selling at a higher price challenging
12  Bitcoin / Bitcoin Discussion / Bitcoin millionaire: Lucky or possesses more qualities that we don't have. on: October 01, 2023, 04:45:33 PM
_ Emotional control: one of the most difficult thing is controlling your emotions while you watch your assets fluctuates greatly, mostly if it's going down, without you pulling the plug out of fear, so i believe it's one of the key they have.

_Early tech exploration: They got into the industry very early which they took good advantage of, while others were guessing and still not confident about it. They bought Bitcoin at a very cheap rate when people where even afraid of spending a thousand box on it.

_ Long term perspective: They don't just buy, they look at it on the long run, they know when to take risk but at the same time they don't buy and sell with emotions.

_ Patience: they have the patience needed to steadily build their wealth over the long term.
13  Other / Beginners & Help / 6 bull run strategies on: October 01, 2023, 01:32:13 PM
_ Even though am a big fan of Bitcoin, it wouldn't make you filthy rich, unless you have a large capital, the real money is in the Alt where the high risk are, just pick the right one.

_ Be patient because that is the key.

_ Control your risk; people mostly waste their money gambling on trades that gives only 1:1 reward ratio without remember  every $1 you waste could be $100 during the bull run or a year time.

_ Learn to sell: you need to learn to cut your loss, even though you are -70% , the left over 30% is reinvested than slowly grinding down to -99% because you are too stubborn to admit you are wrong.

_Dont give up: in crypto you will make bad investment, sometimes you will just be unlucky, just do not give up.

_ Take profit: if you don't take profit how can you be profitable? Don't be greedy, just take profit.
 
14  Local / Nigeria (Naija) / Our naira no follow again on: October 01, 2023, 07:10:00 AM
I can still recall the good old days when one hundred naria can get you a plate of food, but look at our naira now, five and ten naira are totally useless, while five hundred naria can't get you a good plate of food.

As is stance now all our income is being invested into food, as if we only come to this life to eat food, because of the high cost of living.
I still don't know how dy want the common man to survive, and I also wonder how people without jobs are fairing, because even those with jobs are struggling massively.

Everyday price of things are increasing, fuel, kerosene and gas prices is too high, but we just can't do without them.

Today we are celebrating independence as if there is anything to celebrate for, the only thing worth celebrating is the gift of life.
Right now is just to hope and pray .

Anyway, na naija blood I be, E no get how e wan be wey e never be before, naija for life.
15  Bitcoin / Bitcoin Discussion / Bitcoin vs the government on: September 30, 2023, 09:05:00 AM
Government and their fear for Bitcoin!

Bitcoin as a decentralized digital currency that operate without a financial system or without being controlled by the government is really creating panick and fear in most government officials.

The government just want to be in charge of everything, from monitoring your transaction to knowing how much people are worth financially, but Bitcoin is becoming too powerful for them too handle, which to me is understandable, but to them it's a ugly reality.

Financial power and control is returning back to the people, which is a welcome development.

The sweet reality is that Bitcoin is here too stay, if they ban Bitcoin the mass will rise up against them, so they are just looking for a way to contain the influence of Bitcoin and discredit it.
 To me Bitcoin is one of the best thing that has ever happened to finance because everyone loves privacy.

One thing I love about Bitcoin is that when the haters voice grows louder and the value drop base on their policies, just to attack it, Bitcoin still fight it way back up,

Please the government need to know this, they have already lost.
All the bitcoineers cheers
16  Bitcoin / Bitcoin Discussion / Bitcoin always fight back on: September 29, 2023, 09:41:27 PM
When I think of the few Bitcoin I have, it gives me joy.

For the past 2years I have been into cryptocurrency, I have come to understand that Bitcoin doesn't just give you value, it also gives you security, even last year February when i was just a few month old in experience, when the Ukraine Russian war drove down the price of Bitcoin to 15k most people lost hope. people where saying all sorts of discouraging word about Bitcoin and the crypto industry, I still have faith, and Bitcoin proves me right, he rallies back without remorse.

All In all,
All what Bitcoin have been through from the hand SEC, government and external issues that affected it,
It still stands strong,
 one of the best gift we can give to our children as inheritance is to accormulate as much Bitcoin as possible, because after now, the value will be priceless. Bitcoin is here too stay because it's the future of money
17  Economy / Gambling discussion / Gambling and it effects on: September 29, 2023, 04:44:42 PM
Today I want to take a deep dive into gambling and how negatively it has impacted our society;

Growing up into a man I got used to gambling believing it will change my current financial status, which I was wrong, it was quite the opposite, not that am not seeing money, I was but I was too fix in making it through it.

When I finally quit the addiction, I realized that I was doing better than I even thought,

Fast forward to yesterday when I go into a betting shop to see someone, I was shock to see some of my guys in the neighborhood which I knew they where doing well, now looking wreshed an tattered.

One one thing I have noticed about gambling is that before you win a thousand box, they might have milk you of more than that.
[I just want to use this medium to appeal to the younger generation, please stay off gambling, if you must do so, gamble responsible, don't take it as your only source of living so it wouldn't milk you dry.
18  Local / Nigeria (Naija) / My love for nigga on: September 29, 2023, 10:24:18 AM
Nigeria at 63

We have all to succeed more than the level we are now but bad leadership have brought us backward, how can a country that export oil don't have her own refinery, the cost of living is practically trying to kill the living, it break my heart when our vote wasn't counted because we the good people of nigga wanted to make things right, but it wasn't meant to be.

All in all nigga for life.
19  Other / Politics & Society / Too much pressure on the male child on: September 28, 2023, 11:10:12 PM
Our expectations from the male child is killing them gradually, a man without money is not just a problem to others, but to himself.

when I see young men engaging into things they ought not to due to lack of money, my heart bleeds.
Our society today have made the male child without money useless, and that have push them to their early grave and most of them engaging into criminal or fraudulent activities just to make a living which have brought them to their untimely end.

I am a proud African, I know how blessed we are with different mineral resources but our government is not helping matters by providing good jobs.

We should stop putting too much pressure on the male child, because they also feel pain.
 
The male child without money is not useless, they also deserve to live without being pressured!
20  Economy / Trading Discussion / Trading can ruin you on: September 28, 2023, 09:47:27 PM
Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.
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