When I first stumbled upon Bitcoin, I was told that if you buy Now you would make more in the future. I got hooked without even knowing its uses and why it was created.

The limited supply of Bitcoin like land has made it turn to an investment opportunity with many not even knowing why it was created and market its meant to satisfy.

Bitcoin, according to the white paper is a peer to peer payment method. It serves as money with no third party or central body involved. Currently, it hasn't fully meant the criteria of money due to certain limitations but it has helped one become their own Bank. Not to mention, Created more uses than satoshi anticipated.
Don't get me wrong I'm not saying it as an investment is bad since it has helped in increasing the community but many people have become so concerned about its price and have forgotten it's inherent uses.

Hello everyone, I plan on improving my CV by adding some cryptocurrency courses . Since one can gain a certificate online, I want to use my free time to study a course; nothing specific on cryptocurrency and block chain technology.

I researched on some like coursera which I saw doesn't give certificates in respect to Block chains (I don't really how true that is) and also mygreatlearning but I don't know how good their course is. I would prefer recommendation on an online course that the certificate can be respected for its quality and also free( but not a major concern).

Thanks for your time.

I have always frowned towards court marriage with a man signing half of his wealth in case of a divorce. I see one post here wey talk about men wey don dey keep their asset for block chain to protect their wealth in case of divorce. White people don get detective/forensic wey dem dey use take track the digital currency for situations like dis. E dey hard but sometimes dem dey run ahn and the woman go take her share.

My question na b say naija court dey ask for person crypto wen dem dey talk asset to share for divorce?
Na bad thing for man to keep some of his asset away from court proceedings?

Cryptocurrency adoption in our country has been increasing over the years due to our unemployment rate and inflation rate. I believe currently holders of coins before Tinubu's rule has experienced a great deal of profit with Naira falling in relation to Dollar.
I know that one's opportunity can be another's threat. Is the continuous fall beneficial to crypto traders or its just a trap?
Personally what are your thoughts on this?
Does the benefit from the market compensate for the cost of living?

I have been off from Bitcoin talk for something due to certain matters, on getting back I realised some link I posted were tagged "suspicious link deleted ". This shows that I access sites that are not secure, this I believe might be detrimental to me in the long run. My question is what does the forum consider a suspicious link?
How can I tell if a site is suspicious?
Assistance on sites I can gain information that ain't suspicious.

I tried searching for a thread on the topic but couldn't find any via Google search engine.

Thanks for the assistance.

Hello everyone. My question might come as been stupid or childish so constructive criticism would be appreciated.
I have come across a lot of users that plans on accepting Bitcoin in their business and I'm curious on how they tackle fraudulent problems.

• If for example a user of a custodial wallet sends Bitcoin to buy some goods and the seller voluntary chooses not to meet their end of the bargain, who are they going to complain to?

• In countries where crypto are considered illegal isn't it risky to accept Bitcoin as a medium of exchange? Then why are some people still accepting it?

• In a trade does the buyer send their Bitcoin first or the seller send their goods/service?

• Lightning network has been praised for its speed in transactions thus used by many individuals. Does transactions only involve those you trust? Or there's a basis for the confidence of not been scammed?

• I'm well aware of the dangers that centralized exchange poses, but doesn't their access to customers data make it feel safer to run a business? (Not to be confused for safekeeping of coins, just a means to run the trade)

I have been contemplating this for sometime now so assistance would be appreciated. Thank you.

una well done. I know say some of us one way on the other still dey operate binance na make I run ahn here. I jam one post online https://[Suspicious link removed]day/binance-silently-changes-terms-of-service-details?amp wey talk say binance make small change for their terms and condition say if dem delist any coin and u still dey hold ahn dem fit convert ahn to anoda without ur consent more reason to avoid centralized exchange. This change wey dem make dem nor announce ahn bcus even me nor b see ahn and I dey use binance once in a while. This na proof say make we dey try dey read terms and condition bcus laziness b nor dey lemme read them since dey too dey long and dey boring, but this mata make me see how dangerous e dey to neglect terms and condition, na so dem go for make change wey go affect me and I nor go know.


I believe is not going to be easy leaving binance since I don't believe all of us here only care about the HODL Bitcoin but also the trading of altcoins in platforms and to other users.
Despite it's shortcoming as a centralized exchange Binance meets the requirement of allowing us buy coins from others without been easily scammed( safer than buying from vendors we know very little about and our country having no regulation on cryptocurrency to protect the victim), not to mention its popularity in Nigeria.
Exercising caution is advisable. This forum has stressed on the disadvantage of centralized exchange so we should always try moving large amount to an open sourced non custodial wallet like electrum for HODL or decentralized exchange like Bisq, Dexilon(relatively young) etc for trading.
Success on the Hustles.

I came across a tweet talking about self custody of ones private key that's different from the conventional of writing ones private key at a secure location. The Platform boast of enabling users control their assets like a non custodial wallet but circumventing its flaw of private key misplacement or exposure( sad fact: nearly 4million Bitcoin have been lost forever, guess we can never get more than 17 million BTC in circulation).

private keys are distributed in shards across Qredo Network, which is why they say that at Qredo, the Network is the Vault.

I am inexperienced in all this so can't really understand if this can be possible having best of both world (custodial and non custodial).
Qredo overview: https:/[Suspicious link removed]/aJkmm1TStF
Twitter: https://twitter.com/QredoNetwork?s=20
what are our takes on this?

I couldn't make up my mind on where I should post this whether Bitcoin discussion or beginners and help, settled for this because I think this is something a beginner would ask.

I came across Bitcoin around 2020, yes before the halving and was talked into by a friend to try it out. I was interested but been a student I wasn't with any tangible fund so had to seek my parents help. They were skeptical in investing because they believed online transaction are just scams or always end in losses. My friend made good return after the halving around 2021 (He is a believer of HODL) and i made some too( am not someone known for their patience) but was still filled with regret due to selling earlier.

My country is known for some group of guys called yahoo boys who deal sometimes in crypto scam(a reason crypto is banned in my country) now if you tell most people in my country that you deal in crypto you are branded like one of the boys. My parents are not different they frown against it thinking crypto is a means of scamming others thus biased to stocks.

The FTX bankruptcy that lead to a massive dip in Bitcoin didn't help either. The loss affected my confidence in Bitcoin (cut me some slack knew nothing of this forum) and my parents who I almost convinced took it as been unprofitable and filled with losses.

They are close to retirement and still believe in saving in banks and buying stocks. I don't really know how I could go about convincing them to invest some idle funds in Bitcoin since my father is kinda headstrong.

I am also planning on buying some Bitcoin when I have some free funds rather than using them for something with no real benefit. Where can I buy Bitcoin at the minimum amount possible like the minimest(I know not an English word) amount possible so I can accumulate easily. Thanks in advance

I was trying out the user stat option I was shown the message disabled, thought I was the only one so searched for Bitcoin stat via the web and came across the Bitcoin forum statistics which shows various updates including new member's joining the forum, it even has the number of post since 2009 which I find pretty impressive.

But I realised that the last statistics on the various number of post per month stopped on November 2017, any reason why?

Also the most users online are brand new member's with no post is that normal?

I have always looked forward to the day that Nigeria will call off their Bank ban on crypto, but I fear that the value of our stored Bitcoin will reduce. What I mean is that, the price of dollar or usdt in binance or other exchange P2P is roughly #743 but the official price of dollar/Tether if we buying via bank is lower but the ban on crypto in Nigeria has ruled out using our local banks.

Now when(if) Nigeria releases her ban on crypto, it would be possible to not only buy via P2P but also bank. This I believe would reduce the price of USDT and thus reduce the value of our stored crypto (Bitcoin) since Bitcoin is still being measured or expressed internationally in dollar.

Lets say for example, A person buys 1BTC for $27500( #20 432 500 ) with a dollar = #743

Assuming after the ban, buying from Banks is #500= $1
Therefore, the true value of a stored Bitcoin (Keeping Bitcoin price Constant) will be #13 750 000.

This is my personal thoughts on the subject.
You can assist me in locating the flaws in my thought's.

The #500 I used is just hypothetical, stated price is #460.44 currently at the point of writing.

I have been learning more about Bitcoin from Github as one of the recommendations of  Pokapoka1 since using the development and technical discussion search engine is hard when I don't even know where to start from so had to learn first from github to cover up my basics. so I learnt about keys and Bitcoin wallet address, what they are and how they are created like public keys from private key through elliptic curve and Bitcoin address from public keys through hash algorithm and many more(well it was surprisingly easy and interesting). The impact this keys had on Bitcoin security made me take a glance on bitcoin blockchains, which I Learnt has never been hacked (except crypto exchanges and wallets especially hot wallets) because it would require about 51% control of the blocks to make changes on the ledger.

• I would be happy to understand why blockchain system is not implemented by corporations in their security(I  have no idea about cyber security)?
  

• I read that bitcoin wallet doesn't contain coins but keys, that the coins are stored in the blockchains does that mean bitcoin are not transferred(move) during transactions, but just a change in ownership?

• The relationship between the private key, the public key and the address is a one way function I.e private key can't be gotten from public key, K= k*G where k= private key and K=public key and G=generator point, but saw something about brute forcing a two way connection wanted to know if brute forcing is impossible or just inefficient?

Created the thread to ask the questions since I didn't know if it would be rude to ask a question in another thread.

Today this thoughts flashed my mind .How would the people react when Bitcoin is accepted by the country. I realised that even approval of Bitcoin shouldn't be our only concern but also the aftermath. Like
1. How many of the masses will accept bitcoin? since some people today are skeptical about banks not to mention a digital currency.
2. Would politician's not have an easier way in embezzling  funds without been caught?
3. What will happen to naira as well as the prices of goods?
4. Would Bitcoin be under the CBN(central bank of Nigeria) or the NSE( Nigeria stock exchange) or would a new regulatory body be created?

So am curious on your thoughts on Bitcoin in Nigeria, if or when approved.


P.S  not related, but felt like I should let the house know.There are certain group of people acting like agents of Techno selling phones for #40000 with promise that you would be provided power banks, Solar umbrella ( which I never knew existed), bags , tables and chairs. Their focus are mainly on business men and women stating that their reasons for the promo is because they are trying to advertise their product called wikoo(Yes wikoo not wiko which I couldn't find online and the product is mehhh). To cut the story short they are scams,my uncle and some others in my area fell victims.
But I think their bank account was shared. One of their name is ojo using Stanbic Ibtc bank. Can they be tracked with this? because I know someone that even bought 3 (#120000). It happened in Edo state, so don't know if they have been to other States or are going to other States, so thought I should share it.

A newbie(guess my profile speaks for itself) I came across a thread that talked about the importance of technical analysis and I was hooked and tried to read some articles on it here. But despite how hard I try its just different terms been used and when I read about the said term I come across more words am unaware of. Sometimes there are some that involves code and seeing them make me feel like am seeing magic. So wanted to know if technical analysis requires talent or if not then can anybody assist me with something like "Technical analysis for dummy" because I can't really seem to understand it.
Thank you.

P.S I am sorry for the poor way I coined my question.
I meant Bitcoin technicalities like Block chains, hash rate, nodes and the likes.
I can already apply technical analysis just want to research more on the technical aspect of Bitcoin because coming across certain terms i don't understand while reading a thread is painful.

Hello is she shining, a male, Handsome (self proclaimed) and also from Edo state was helped to this forum by Satoprincess. Look forward to working with you all to make our forum the Giant of Africa it truly is.

Ever since the ban on crypto in Nigeria, Research has shown that Nigerian's are the biggest participants in binance P2P in Africa( more than 40% of Africa P2P exchange) and one of the highest in the world.

Before February 2021, Buying Directly from our local bank was possible which showed binance stated naira price on usdt was relatively similar to the Nigeria black market.
Before I move further I would like to highlight some Africa countries and their stand on crypto currency.

1. Nigeria: legal but banned from our local banks but supports our own digital currency enaira.

2. Egypt: Digital currency are considered a crime according to their religious decree and considered an Harma( prohibited by the law).

3. South Africa: legal but considered an intangible asset.

4: Ghana: Legal.

5: Morocco: Illegal.

6: Algeria: Illegal.

7: Namibia: Legal but like Nigeria banned from their banks.

* Legal status in the above list doesn't mean that they are supported  by the countries government, but that there exist No punishment sanctioned against dealing with crypto currency. El Salvador and central African nation are the closest country in accepting Bitcoin as a legal tender.

I have been having the thoughts about using arbitrage in our crypto market. Arbitrage is the buying of a security (here lets just call it crypto) and selling higher in another market. Let's say for example ETH/Usdt = $1800 and ETH/BUSD= $1813. a trader can choose to sell their ETH in the Busd market to gain little profit if the charges doesn't outweigh the profit.

Theoretically It should possible For a Nigerian having access to a Kenya bank to use Kenya shillings in buying usdt and selling the said Usdt to a Nigerian user through P2P.

Mathematically,

 1Usdt=132.45 Kenya shillings

1Usdt= 463 Naira

132.45 Kenya shillings=463 Naira

1Kenya shillings= 40 Naira

463 Naira= 741 naira(P2P)

(741-463)Naira
=278 Naira.

This means that undergoing Arbitrage can lead to approximately 278 naira per unit of usdt sold.

You can choose to neglect the calculations above and should be aware that prices stated are subject to change.

P.S Not an advice, just my personal opinion and subject to scrutiny
Planned on making a table to further talk on their local exchange rate in relation to binance, but I don't know how to input tables

Hello everyone, I made my first post here and the words of advice were really touching(maybe it's because I am weak-hearted) and encouraging. Thank you all for making me feel at home.

Now back to my question. My thoughts were that alternative(Alt) coins were created by organizations or developers to serve as a digital currency for their product or service, or improve on the shortcomings of their parent coin. I believed an alt coin with a real purpose was here to stay like Bitcoin.

But reading certain threads made me realize that my thoughts might be flawed and that maybe alt coins are good for making short gains and not long since some analysts believe they are subject to pump and dump. So would like to know

1. What will happen to alt coins when Bitcoin becomes a legal tender? Will they have a massive growth,or would people sell and jump into  Bitcoin?

2. What would happen to alt coins when Bitcoin becomes relatively stable( when it is fully mined and will solve its problem of price volatility)? Will alt coins survive the test of time? Will new alt coins be created later? What would become of the various countries'currencies, especially the Dollar (the global reserve currency) after Bitcoin's general acceptance?

3. If alt  coins survive in the next century what is the reason it would.

4. Should alt coins be traded rather than HODL?



I hope my questions aren't too many.

Thank you for your time once again.

Hello everyone am a new member here. Haven't posted anything here since i registered because i was kinda  ghost Reading (if it's even a word). I experienced the issue of "your IP address having evil points" which i believe some other newbies experienced most especially from my country Nigeria while creating an account. Read on how to bypass this setback from various thread and found out that it can be solved through whitelisting, paying the charge and through a VPN. I found whitelisting stressful while paying the charge a loss since the exchange I use has a higher minimum transfer than my penalty, so had to pick VPN which worked but after downloading various vpns. the only one that worked for me was the Turbo VPN. I found out that those that recommended VPN ( that I read) didn't specify a VPN so if it's wrong of me to state their names please let me know.
 Have always took myself as someone that has done his homework on bitcoin before I came here, oh boy was i wrong certain post I came across like:

Maestro75      : Do you struggle learning Bitcoin?

BlackHatCoiner   : Thoughts on Bitcoin's sustainability on the long term

1miau      :Bitcoin Halving only 1 year away (This reminded me that entering Bitcoin now is not too late)

fillippone        : Debunking the "Bitcoin is an environmental disaster" argument

And some others i couldnt mention gave me nice insight and more reason to observe, learn before posting a thing on any forum. Posting now doesn't mean am done learning, my fingers were just excited to post something. there are other's that I found exciting but it wasn't easy to navigate through other posts so would be happy if I could be recommended some of this hidden gems to broaden my horizon. it can be based on the author personal opinion on bitcoin and a certain alt coin (opinions which I always find interesting), on economics and also on technical analysis( something simple and informative)
P.S I met some roadblock on certain post so do recommend English or pidgin  please, and also non English one's that can be Google translated

The way I linked the Post's I used looks cool right? I found it cool because it's the highest have come to programming. Learnt it here martin.k Add Image and Hyperlink to my post

thanks for your time
I hope I can learn better and  contribute quality Post here.
please if reposting an authors thread in my post is wrong do tell me to re edit it. Thanks again.