My Naija people, why do some people complain about selling their coin, is it because they can't keep it for a long time again? I believe many people thought this year is the bull run, and before the end of the previous year, you will see many people buying bitcoin because they said the bull run is coming, and no one wants to miss out on the opportunity.

People and experts that where predicting the bull run did not specify the year, so some people who were unaware of it assumed it was this year, and now some people are bored of holding their bitcoin because they are too impatient to keep it for an extended period of time because they just acquired it for the bull run.

Those who do not have a source of income and purchased bitcoin must be more patient in order to achieve their goal, because purchasing the coin and selling it after the price has not increased is equivalent to holding money in a bank and touching it only when necessary, which is not investment.

I believe that anyone who invests in bitcoin and is not unable to be patient will never succeed and will either sell at a loss or receive their funds back without reward. Think before you invest so you don't have to be complaining about the bull run which will come at the right time only when you’re patient enough to wait for it.

I'm only referring to individuals who scream about financial restraints, such as not having enough money to start a business or invest. I believe that anyone who complains about not having enough money for investment is simply disinterested in it, since if you need something in this life, you will find a way to make it work to achieve your goals. Only few percent out of those that claim they don’t have money and are exposed to the internet world really mean it, the rest just don’t want to be patient and invest in something profitable.

So all the people who say they don't have money to invest are just saying it because they don't have fascination or can't use their personal money to invest. They'd rather get money from someone to start a business because even if the business fails, they won't feel it because it's someone else's money and this is a wrong decision that they later regret all their lives.

All this small money that some people spend on gambling and are not successful at it, if you calculate the money they spend on casino slots, I believe it can reach them to feed themselves for a month, and the money will still remain and get some to plan for investment or business that can be profitable, it's just that they don't have time to plan for their own success and are only dependent on luck without taking the big risk that is worth taken.

Most people that wants to make it hastily, if you check them carefully, either they swindle them through an internet platform that they are unfamiliar with because they need fast money, and if they cheat them, they will come and start screaming that they are out of funds to start business or they waste the money on casino games without proper financial risk control taken. If someone is educated, they will need to learn how to make their lives better without relying on others for assistance or government work.

Technology has advanced far beyond your wildest dreams, and it has provided us with numerous ways to make income, so I don't understand why people claim they don't have anything to do that will provide them with funds to start a business. So, why are people still moaning about a lack of money to start an investment? I'd like to hear your thoughts.

According to the CEO of Coinbase, the SEC (US Securities and Exchange Commission) urged them to halt all cryptocurrency trading except bitcoin before suing them. This was only recently exposed, but they sued Coinbase few months ago for failing to register as a broker.

Coinbase CEO; Brian Armstrong said;

“They came back to us, and they said… we believe every asset other than Bitcoin is a security. And, we said, well how are you coming to that conclusion, because that’s not our interpretation of the law. And they said, we’re not going to explain it to you, you need to delist every asset other than Bitcoin.”

Why will bitcoin be labelled unsafe and other cryptocurrencies termed as security assets? In reality, we know that bitcoin is the security cryptocurrency, whilst others are not. This simply shows how hard the government is working to make the use of bitcoin difficult for users in that country.
Delisting all other cryptocurrencies except bitcoin would also have meant the end of cryptocurrency in the United States if other crypto sectors followed suit.

Source: https://watcher.guru

Joining the forum in early March of this year was one of the most significant accomplishments I believe I've accomplished in my life. Prior to then, I knew very little about cryptocurrencies and couldn't tell the difference between bitcoin and cryptocurrency. I look for other coins online and on exchanges, and I register with them and purchase different coins in the hopes that my earnings would increase quickly.

However, after joining this forum, I've been able to tell them apart. I've learned a lot about security and privacy, and I can confidently explain the concepts of private and public keys, centralised and decentralised exchanges, online and offline wallets, and so on.

The forum has been a valuable tool in expanding my knowledge of cryptocurrency, something I will always be grateful for. I was able to learn more about the forum when I first joined it and have continued to do so to this day. I learned a lot about the forum, including the ranks, activity, and do's and don'ts. But because no one knows everything, it is sometimes necessary to ask questions in order to gain more clarity. According to my understanding, the merit can be offered to you by anyone who has Smerits.

Smerits are obtained when a user merits you and you receive half of that merit as Smerit, which you can also send out.  If that is how merit and Smerit function, what happens when everyone in the forum distributes all of their Smerits? Because, as a result of this process, the Smerits will one day be exhausted by everyone. But the merit distribution system continues to function; how is this possible?

It has been reiterated several times on this forum and other crypto related platforms that stolen bitcoin cannot be recovered once it’s stolen or sent to the wrong address until the recipient sends it back themselves when contacted.

Beginners should be aware that if you got scammed from Bitcoin is long lost since it’s untraceable. Bitcoin is nothing but a digital currency and the keys are the safety of it and if you lose those keys you can’t get them back. But if you got scammed from your Bitcoin you would be ask to contact your main provider of your wallet where they’re kept and got hacked from. If you’re lucky you’ll get them back, otherwise they’re lost forever.

According to information coming from Adapt System Tech, an agency portrayed to be able to recover compromised wallets, wallet issues etc. They require you to provide personal information for the recovery process.

They require you to provide money if you’re interested in recovering your Bitcoin back. They make it look like you’re dealing with a real agencies and not some frauds. Don’t be in haste to give them their demands, this is a red flag website that looks so real in their organization and how well they built their website. Newbies should be wary and not to fall in such hands.

Link to the website below:

Code:

https://adaptsystem.tech/

Hong Kong is a city and special administrative region in China which enjoy some autonomy on its own. It is a city with a population of 7.4 million residents of various nationalities.

Just recently, Hong Kong’s central bank reportedly reiterates on its call for major banks, including HSBC, Standard Chartered and Bank of China to accept crypto firms as clients. Despite the call for this, the banks are hesitant in doing so.

The Hong Kong Monetary Authority (HKMA) encouraged the banks not to be afraid during a meeting after which a circular was released to banking institutions last month.

Below is the HKMA circular to banking institutions in Hong Kong



The circular recommended and encouraged banking institutions to keep track on new market developments and to take a more daring approach to emerging markets like the cryptocurrency market. The institutions were particularly obliged by Hong Kong's central bank to assist cryptocurrency companies, which it refers to as "virtual asset service providers," in acquiring access to banking services.

This new approval by the Hong Kong central bank will make trading crypto a more friendly traded asset in that region that house many populations and also in the adoption of it because of the various nationalities present in that region of China.

Despite the circular and assurance to the traditional banks there, they are still hesitant in accepting crypto firms. What could be their reason for being reluctant in accepting crypto firms as clients?

Source:

https://twitter.com/watcherguru/status/1669373334776078336?s=46&t=AFO-ngiNXBXd6CFRPg8kKg

https://cointelegraph.com/news/hong-kong-government-pressures-bank-giants-accept-crypto-clients

https://watcher.guru/news/hong-kong-urges-hsbc-standard-chartered-to-support-crypto-exchanges

Today, the central bank of Nigeria has allowed the trading of FOREX to all commercial banks freely. This was in tandem with the new administration motive to operate an unified exchange rate. Before this approval by the CBN, banks were not allowed to trade FOREX freely.

Could this also be a good and positive sign that the Nigerian government will soon allow the trading of Cryptocurrency by banks in the soonest??


Source: https://sunnewsonline.com/cbn-allows-banks-to-trade-freely-at-any-rate/

Hello, Bitcointalkers.

I'm new here, and I came here to learn more about bitcoin and cryptocurrency. I'd heard a lot about digital currencies and decided to give them a shot. I had no idea where to begin until I was directed to this forum. I'm confident that after joining here, I'll learn more and gain more knowledge about bitcoin and cryptocurrency.

After browsing some websites online, I learned about public and private keys, which I can distinguish a little. What I don't understand is the difference between open source and closed source wallets. How do they work, and how can you tell if a wallet is open source or closed source?