I am so much concerned to why Nigerians government is banning the use of p2p on some crypto apps. To their allegations, it's said the crypto is affecting the currency and it also aids money laundry. Can anyone enlighten if what the government is doing is the right thing. The government left the banking sector and blames binance and other crypto companies.
They started with Binance exchange but they're also attacking other banking systems as they have restricted fin tech banks to stop accepting registration of new users and they have also made other crypto exchanges to stop support for the Naira trading peers on their P2P exchange but they are focusing on centralized exchanges and fin tech. That is where they have the power but not on decentralized P2P services and the threat of delisting Naira on all Decentralization P2P exchange is an empty threat. They aren't wrong with their statement of cryptocurrency affecting the volatility of our Naira since some big whales has been manipulating the price of Naira on those exchange and the citizens don't trust the economy and the local currency so they're saving in foreign currency. But the problem of the Nigeria economy and Naira stability is bigger than what is happened in crypto P2P trading. What the government are doing isn't right but they won't stop since they keep seeing result from the bans and attacks on the fin tech and crypto exchanges. The government wants to be in control of the forex exchange markets and anybody using crypto for the exchange of dollars and Naira through usdt or other crypto is an enemy to the government so they want to take down any means of foreign exchange in the country all in the attempts to stabilized the Naira. They don't have solutions but just looking for short term fixes that won't last so let not be bothered that much. |
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THE HALVING AND BITCOIN MINING: 3 THINGS TO KNOW BEFORE INVESTING IN THIS EXPLOSIVE INDUSTRY.
Without clicking on any link I go also drop my own three things wey you need to consider before investing into Bitcoin, everybody fit get their own things to consider based on the knowledge wey dem get so there's no technically three things but it's based on who is giving you the information. Make we dey also know say some of this website dey find click bait wey dey go use bring you to their site and some of their advice no be anything technical but just general knowledge wey everybody supposed know so without going any further, here's my own three things to consider before investing into Bitcoin. - Bitcoin no be ponzi scheme wey you go dey expect to get rich quick or expect a specific return of investment after you dun invest inside am finish. Some ponzi business and high risk investments website dey use Bitcoin as their payment option but e no mean say na so Bitcoin be so make you no dey confuse the two of them.
- Investing in Bitcoin for long term (instead of the narrative of short term investment or trading) go benefit you pass. Buy Bitcoin and hodl better pass anything else wey anybody dey tell you. If you try am you go see say e dey stress free and highly profitable. Ask any OG for the Industry and dem go tell you this truth.
- Non constodial wallets are better wallets than constodial ones wey be centralized wallets. The ideology dey say centralized wallets better pass since you no go dey incharge of keeping your coins safe but that one na lie, this industry revolves around putting the security of your finances into your hands so if you go dey commot that power from your hands to another third party, e go backfire one day and you go lose your Bitcoin
Things plenty to talk wey a first time Bitcoin buyer supposed know but since we dey limit am to three things for this thread, this na the three wey me I dey see say we support dey aware of before we buy our first Bitcoin so we no go dey expect another thing come dey feel disappointed. |
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New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. We can only go far in life when we're ready to learn especially when we do it from others experience and not waiting until we have ours ourselves. Truth dey inside learning from your own experience but make we no underestimate wetin people wey dey before us go fit teach us and when dey show us road finish na for we to come modify am to suit us better. Newbie wey wan learn crypto trading, e go better you learn from wetin others dun see before you and like this you no go dey make newbie mistake wey go fit make you lose plenty money. Not learning from people before you buy thinking only you go fit do am alone na wetin newbies dey always think until reality teach dem lessons. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose. E belike wetin we dey always talk wey be to only use money wey you fit afford to lose for trading especially when you're starting newly in trading. After you dun strong na when you fit dey increase your capital and taking some additional risk wey still dey manageable by you. Trading dey risky because this market wey we dey so dey very volatile pass any other market. Make you no use Forex trading eye dey look crypto trading unless the market go teach you life lessons. This market na the small news dun scatter everywhere as many people dey use emotions do things for this side. You no go blame dem though because na plenty newbies (wey be first time investors of traders) na dem full the industry with very little experiment so make we dey extremely cautious to avoid losses. |
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What impressed me about her is that she acknowledged the fact the youths are really working hard and getting results out of Cryptocurrency and the Nigerian Local Board and the progress of Nigerians here is a prove about that, not some of our politicians who thinks we're lazy. The thing be say we have reasonable politicians in the midst of all the useless ones we have in the office. I see her somehow young and this might be why she understands what crypto is and advising her fellow house members to look for ways to benefits from it instead of banning it. The Nigerian government are just not being considerate, dem no dey see say the country no easy so abi dem wan make we dey beg dem to chop from morning to night, this one way we dun use dey see front dem no want make we enjoy am. The government no know wetin dem go focus attention on because there are many ways to fight the Naira devaluation wey dey happen so and strengthen the economy of the nation wey no go involve attacking cryptocurrency. The government should think about how many businesses they’ll collapse if they ban Cryptocurrency entirely cause it could further increase the rate of crime thereby forcing more youths who's business are crumbled to go into criminal activities for survival. E get businessess self wey dem go kill before e start, there are many businesses wey for find their way into the economy but as the government dey attack the industry dem dun they chase away the business already. Na the negative treatment wey the government been given the industry from day one na wetin hold back the growth of cryptocurrency for the country now they wan add this one wey go just kill everything crypto for the country. Our government no dey try so next time before we vote anybody into power make we make sure we know their literacy level so dem no go dey kill wetin fit bring development for the country. |
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AltCoins are conic cryptocurrencies while bitcoin is a reputable Cryptocurrency but the desperacies and those with the ignorance of knowledge would never get it right untill they gets to the bottom of regrets.
You dun talk am finish, altcoins especially when dem dey start dey get plenty promises and this promises wey dey make one is to dey rush into dem and na so politicians dey do when dem dey campaign but after the campaign dun finish dem no go do anything dem talk and na so altcoins dey behave too. The founders go make promises finish and spend money for influencers to hype the project but after the crowd funding dun end dem go exit scam/disappear with investors money. If you dey believe altcoins you need know say there's no guarantee for anything because if dem scam you, nobody go reason dem especially when the founders and developing team dey anonymous. You fit try you luck come succeed but still make you know say altcoins nobody wetin you fit guarantee person say him go make money when him invest inside unlike Bitcoin. No take any promises serious and if any projects make a certain promise for price or profit wey you fit make if you buy dem, just know say that project no follow and na scam wey you dey invest inside so. Projects wey go do well no need to hype their prices up or promise their investors any return unless na say the project be ponzi scheme (na dem wey dey promise return on investment) but dem dey always end badly. |
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Here again yet another one and this is the last straw that broke the camel's back. News has it that the federal government plans on delisting naira p2p trades from all Crypto exchange platforms citing the fact that it is the sole reasons behind the naira devaluation. They claimed that the naira value is being manipulated through Crypto market by unknown forces against the economy of the nation and this makes me wonder how does Crypto currency market affects the Nigeria economy. The question wey you go ask na say their policy dey work abi e no dey work, since dey start this attack it has been favouring dem so dem no go stop but to dey continues the things wey dem dey do so. The problem be say e go backfire on the economy in the future as they're only tackling the Naira stabilization problem short time but in the wrong manners. The governments can ban all centralized exchanges wey dey offer P2P to delist Naira for their exchange so make we no dey think say dem no fit do am. There aren't many decentralized exchange wey dey offer P2P with Naira trading pairs so make we no dey think say the government no fit do am but they're making the wrong decision although if e continue to dey work for dem, I no see dem stopping this attack anytime soon. This has been the war against Crypto enthusiasts in the country. I was wondering the calibres of persons we call our leaders leading the affairs of our national agencies. I was shocked when a ban was placed on micro finance banks from accepting new registration and they were labelled to be facilitating Crypto transactions which is totally not correct. This kept me pondering if really our beloved nation is moving forward or in a reverse gear. Truth dey inside wetin the government dey talk say this micro finances banks dey help make trading of Naira through crypto P2P exchange dey easy but attacking the fin tech dem no be the way to go because dem dey spoil development for the country as this banks also helps other businesses wey no dey crypto related but the government no care as all dey see is attacks on ways to trade crypto easily but dem no dey reason if they're damaging the economy from this policies. |
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Update signature with a new tracking link: Hero Members  [center][table][tr]
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[font=montserrat,arial black][size=9pt][b][color=#171821]UP TO[/color] [color=#ff9a08]$1500[/color][/td][td][/td]
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Week 26 Bitcoin payments has been processed. EMC token payment is been processed.Bitcoin Escrow Address:  👉 Ps: Post on Wall Observer BTC/USD - Bitcoin price movement tracking & discussion thread aren't eligible for payment.👉 Campaign is CFNP we don't have open slots.👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment. 👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response.
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Week 28 Bitcoin payments has been processed. 👉 Bitvest Escrow Address: Current balance:  👉 Ps: Post on Wall Observer BTC/USD - Bitcoin price movement tracking & discussion thread aren't eligible for payment.👉 Campaign is CFNP we don't have open slots.👉 Remember not to spam as your accounts are been watched by spam watchers and if you're tagged or reported you'll be dropped from campaign without payment. 👉 if you have any inquiries or complains don't hesitate to inbox me or message me on Telegram @PedroBrainbossBM for faster response.
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We know as the country is going on currently we don't know the good exchange that is offering p2p to our 9ja people, I know say many people get their exchange where them dey use sell btc and usdt, e go better say we help ourselves with the available solution by sharing exchanges that we can sell our coins. If na centralized exchange P2P wey we dey depend on only, one day we go wake up and we no go see any centralized exchanges again so wetin we supposed dey find na decentralized P2P wey dey offer Naira trading pairs and if that one no dey na for we to dey talk about ways we can be exchanging our dollars to Naira in a decentralized manner. Wetin me fit dey advice now na to dey find local merchant wey you fit know physical and dey trade with dem. You go obviously dey careful to not transact big amount or dey disguise in a way dem no go set you up but make we no dey depend on centralized P2P because e belike the government no go relax until dey stop all forms of centralized exchanges from allowing Naira trading. The good thing here be say e good as the governments dey target this centralized exchanges to not allow Naira trading because e go encourage entrepreneur in the country and Blockchain developers to work on having a standard decentralized Naira trading platform for the country. Without the attacks we no go get way forward for decentralized P2P for the country. Sha their biggest challenge go be how to prevent scamming on the exchange because that one na one thing wey we know say our yahoo boys go wan use shine. |
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● Check the marketcap first before you invest for bitcoin
● Do not fail to observe or learn how to interpret movement of candlesticks before you invest
● Have a timing in every of your investment
● Don't be greedy after you have make at least 5x to 10x for your investment Nice thread but some things wey I observe na say e get some points wey you repeat and some wey for fit enter one sentence and no need of breaking it into two different sentences but overall, it's a very nice thread and I go like talk on the points wey I quote so. Investing in Bitcoin no be altcoins wey you need to check the marketcap to find the coins to know which has the potential of giving you a decent return. Investing in Bitcoin dey vey straight forward and you just need to get the basic Idea of how to handle Bitcoin and you're good to go. You do not need timing for Bitcoin basically because Bitcoin investing is better with hodling. No go dey say you wan time the market or you go miss out, buy Bitcoin and hodl na the only thing wey you need to dey do. Selling of Bitcoin shouldn't be limited to when you have made those number of X's, you suppose know when you go sell before you even enter Bitcoin and no dey wait for this particular X's because even though the so called experts dem say e go happen, e fit no happen and you fit miss when you for sell in profits. ● Some of the altcoins lacks potential but fish out they ones wey no get potential out and invest on the one wey get potential
● Diversify your portfolio for altcoins investment
Abeg no vex but I wan ask, how you go know which altcoins wey get potential and then the one wey no get and even though you know, you no dey see wetin dey happy for market like this wey be say coins wey no supposed see front (dem shitcoins and memecoins etc) na dem dey give profits pass this days. Investing in altcoins na gambling you dey do and when you dey gamble everybody luck different so just work with the one wey dey work with you or stick to investing in Bitcoin because you can't go wrong choosing Bitcoin over altcoins. The profits fit no many but you no dey at the risk of losing everything wey you get. |
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This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Investing in crypto currencies like Bitcoin is not a bad idea at all
Saving isn't what we should be thinking about in this days of inflation but what we need is investing into different assets through diversification. I'm not talking about investing into different cryptocurrency as this are still assets that are correlated and have a similar price movement because when Bitcoin increase altcoins follows and vice versa. Diversification is what is needed with this current economy and when you diversify you have a better chance of not being worried about your finances because at most times you'll be making profits while others are losing money due to inflation. Investing in Bitcoin should be among the top choices became this is the fastest growing industry and have a high possibility of making you better gains on your investments. Saving wouldn't makes you money especially when you aren't saving to be used for an investment in the future but only saving to spend later on liabilities. Saving in this economy is a suicide mission, there are no more stories of savers becoming wealthy because inflation will not allow that to be possible but investors are always those that benefits more when they get their profits. |
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So If you surrounding yourself with people who value their time and they seek for quality and value then you connect with same kind of people.
People tend to think that If they see ultra super wealthy person and see the numbers that there is main thing money but it's not there is high value high quality of everything you have wealth more how you value your life your time and who you associate. Money/wealth/riches etc are material things and they aren't what is important in life although necessary for a smooth life but they're all vanity and one day we'll leave earth to our grave without any of the money that we made. There are things more valuable in life than the money and we shouldn't spend all our lives looking for money while we miss the best part of existence. We should focus less on money and focus more on having a good relationship with one another. Yes money is important but is it more important than where we'll be spending our eternity when we depart and get judged. Irrespectively of your religion we won't spend all our life on earth. So in crypto it's fun to search fast gains but to be honest you make more wealth with patience and focusing in value and quality.
So the truth is you have to become quality minded person forget about numbers just focus on what ever you do it's associated with value and quality and utility
If we're being honest, is there any other crypto that have value and qualities than Bitcoin, every other thing is a gamble but this is a free market and everything is allowed to coexist and those that want to gamble should be allowed to do that but let them just know that what they're doing is gambling. If you're searching for a true quality project than settle for Bitcoin. If you want to try you luck through gambling, you can go into the market, do the findings yourself and be willing to accept any fate that comes your way. |
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You cannot start a business without capital because I don’t know how you will fund such a business to grow. And I haven’t seen anyone who has done that before. There is no way you will enter a business without any capital. You can't actually start a business without capital but you can start a business without your capital and I'm not talking about going to borrow money since when you receive the loan it becomes your money so you're technically still using your money because the loans has to be payed back. Starting a business without capital can come in form of using others money as the capital and thast where networking comes in. There are some set of people that re good at convincing others to invest into their Idea ls and they use this people money as starting capital for their businesses. A bet you have seen people becoming successful without investing a dime or not investing a big capital into their business. Just imagine entering a bitcoin investment without money. How can you be successful in that business that you are about to start? I don't think there’s a way you will be a successful businessman or investor. Without money, you can’t even promote your business in order to grow. You can use others money. There are many people out there with money but they don't know how to use them especially people that just got a large amount of money but they do not have any management abilities to handle the money. I'm talking about those that just won the lottery or a bet (large amount from gambling) and those that received their pension. People too that just inherited a large wealth and do not know how to manage it but have interest investing in Bitcoin. You can help manage their portfolio or teach them how to invest and get a fees that you can use to start your own investment. |
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Inflation is needed in the economy because there is an increase in the economy, although it is not good, inflation is really needed, but the inflation rate should not be too high which is not good, it must be at a stable number to be called good, with inflation stabilizing the economy when prices are no longer reasonable, Sometimes inflation is evil when the numbers start to rise too high, making the economy unstable. Inflation is important and needed in the economy at a minimum rate but high inflation destroy the economy of the country. Imagine a country without inflation, that country would have a stabilized economy and nothing will be moving forward but stagnant. What happens when there's price stability, security will be granted and everyone will be relaxed which will not be healthy for the growth of the economy. Inflation encourage spending and that's way a little inflation is important. Without inflation, people will be saving instead of putting their money to work and helping the economy grow. Why can't we just keep the currency at the same value? And why does it only happen to money? For example, the same wouldn't happen if we used gold as a currency instead. Is inflation a ploy that the government uses so people don't get rich off of savings?
Exactly, if the currency was stable, saving will be the easiest way to wealth accumulation as it was in the days of gold but since the currency we're using isn't backed it becomes difficult to keep the currency stable. The government keeps printing new money knowing fully well it'll only lead to more inflation but they won't stop. They're creating a problem knowingly and they spend more money trying to resolve a problem that they know is irresolvable with the current currency system. |
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This is a lesson for everyone who has been using centralised exchanges. Don't receive funds in exchanges from random people, and don't store your funds there. The account would freeze at any time for any reason. Don't blame them, you made the mistake of receiving your coins directly on Binance exchange, Binance is an exchange and not a wallet to receive or store funds. We have to use our personal wallet to receive coins then we can send them to any exchange we want to use for trading whether it's a centralized exchanges or decentralized exchange depending on what we want to use them for and the best exchanges that offer those service. What Binance exchange or other centralized exchanges are doing is kind of annoying but they have to protect their business because they'll be the ones the government will come after when they discover that their exchange is being used for money laundering or other illegal activities. Alot of people using exchanges to receive their coins are doing so because they want to save fees but it's better you spend money on transaction fees than to lose access to your coins because of problems you know nothing about. The lesson here should be, if we must use centralized exchanges, it should only be used for trading and nothing else. When we use them for what they weren't meant for, we are putting ourselves at risk of so many things. The coins you received, you don't know where they're sending it from as they can send you fraudulent coins that are being tracked and you fall a victim. I'm glad you didn't have any loss unlike other unfortunate situations. |
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If you are superior to everyone. My dear you gat f**k down your anus and give people space to understand forum gradually with the way they think is best for them, correct people but no attack if you are attacking then what true messages are you passing after knowing the true vision bitcoin and it's representatives. You're the one seeing it as an attack, to them correcting you it mightn't be an attack because we have people from different parts of the world on the forum and not everyone have the same way of thinking/behaving, some people are naturally harsh with their words and others are friendly. You can be corrected in both ways and still they're trying to help you out. You (OP) have to also work on your choice of words because you aren't sounding nice either and some group of people might find your post offensive without you trying to be offensive but just because of your choice of words and that is the same thing that is happening when people correct you and you find it offensive. This is merely a forum and you are to let things go, don't envy those with high rank instead decide to learn from them. For everyone that have ranked up genuinely, they have sometimes that you can learn from and use it in helping yourself to better your account on the forum. When the correction comes irrespective of how it comes, take the positivity from the correction and move on. This forum isn't real life that you should get all angry that someone is disrespecting you because you don't know who they're in real life. We should all learn to not reason much into things or we'll always get angry at people behaviour. |
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Here are my questions - - As a newbie, should I focus solely on Bitcoin, or should I also acquire basic knowledge of altcoins?
- Is Bitcoin gender specific ?(is it meant for a specific gender?)
Bitcoin is decentralized so it can't be gender specific, Bitcoin is just a currency and no currency is gender specific as it's being used by both the male and female gender. Among the top figures in the space we have both the male and female gender represented although we have more of male figures because they're more risk takers. Bitcoin isn't meant for any gender but for those who are tired of the centralized operation of the governments and want a currency that they have full control of. No government can regulate Bitcoin which puts the control of your finances in your hands and make you an independent individual. As a newbie you should focus mainly on Bitcoin, altcoins for now should be considered as a distraction to you. When you have acquire full knowledge on Bitcoin and also accumulated enough to your satisfaction, you can begin to play with the market with altcoins because they're solely here for speculation and do not have any long term goal. I consider all altcoins as a gamble and I'll only put my money on them just to try my luck as I'll bet on my favourite team to win a match. Sometimes they win and other times they'll disappoint and this is exactly how altcoins are and aren't that popular among top Bitcoin enthusiast. |
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