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1321  Economy / Economics / Re: Is space mining creating market differences and on-earth-inflation? on: September 06, 2023, 12:43:48 PM
Sometimes the emergence of a new, more efficient alternative does not mean canceling the old product, but it will be less concerned according to the price. We have examples of this such as the oil revolution, the discovery of oil fields and its impact on coal mines[1], and Salar de Atacama[2], which was thriving in the past and suddenly everything stopped.

Therefore, if a planet full of gold is discovered, there will be a comparison between the cost of extracting that gold to deliver it to planet Earth and the price of gold on planet Earth. If the price is lower, mining on Earth will gradually stop, and vice versa.

These things are not black and white, but they differ according to each case and every situation.

[1] https://yearbook.enerdata.net/coal-lignite/coal-production-data.html
[2] https://en.wikipedia.org/wiki/Salar_de_Atacama
1322  Economy / Trading Discussion / Re: FIBONACCI retracement Tutorial on: September 06, 2023, 12:12:38 PM
The Fibonacci retracement is a powerful tool, but we cannot use it alone. Since we do not make decisions based only on what we see in the Fibonacci retracement, of course we need to accompany it with other confirmations. For example, we are trading with a trend that we use a moving average, support and resistance, and a reversal candlestick, but as I said before, Fibonacci retracement does not work all the time, so we still have to manage the risk of every trade we do because there is no perfect trade in each of the tools we use.
I agree with you, your explanation is beautiful and you did not quote the images from the source, but adding more examples of how it is used in bitcoin trading, especially in predicting prices during the last period, will be useful.

Just as the Fibonacci levels are to confirm the trend, reading it with the moving average, support and resistance in addition to trading volumes will make your explanation meaningful and not like an isolated island or an explanation of a concept isolated from use in trading.

I am following this topic and it would be helpful if you added these notes.
1323  Bitcoin / Wallet software / Re: 14 Bitcoin Software Wallets, compared feature by feature on: September 06, 2023, 11:50:20 AM
Why not?

In most non-custodial or custodial wallets, the developer/company disclaims legal responsibility or any legal consequences such as losing coins or using them in dark activities, so knowing the company or headquarters will not make a difference.

For example, we have Sparrow, dated 2020, without a known company or headquarters compared to a wallet like blockchain.com, which was launched in 2011. They have a headquarters and a registered company. However, Sparrow is better than blockchain.com based on many metrics.

I disagree, it's very important to have an app lock as an extra protection. Also, take into account that some wallets are for desktop. And the app lock is usually related with an encryption of the keys on the device.
locking app different from encryption, in most cases the lock mechanism, whether it is a pin, password, fingerprint, or others, does not encrypt the data inside the application, but rather is necessary to protect against physical attacks.

If the wallet does not encrypt recovery files, there is no point in recommending it.
1324  Economy / Currency exchange / Re: I want to exchange 5000-11000 dollars in bitcoins to usdt. where can i do it? on: September 06, 2023, 11:27:47 AM
I am not sure why this sounds bit odd for me. But you probably haven't heard that Binance has got their office there, and they're the first exchange to receive a license from the government there.

It is true that Binance has a 'Preparatory MVP' crypto license in Dubai, but after the bankruptcy of FTX, things changed a bit and the authorities became more stringent[1], just as if you do not have a bank account in a Gulf bank, you have no choice than P2P.
It is true that trading may not sound familiar, but it is good for those who do not want a lot of legal complications or why this money was transferred from your account. The shortest and best solution is ----> https://www.rain.com/


[1] https://www.bloomberg.com/news/articles/2023-04-05/dubai-asks-binance-other-crypto-license-applicants-for-more-information#xj4y7vzkg
1325  Other / Beginners & Help / Re: [Merit] Help posts in local boards that did not receive enough merits on: September 06, 2023, 11:12:11 AM

I had the same question. Some post with 2-5 merit may still deserve more merits. But the problem is the posts I meant they are in my local board. So there isn't much merit. But if it were in the international thread I am sure I would get more merit.

I understand that, but it is not difficult to create new posts with zero merits. Try to develop your posts and continue to create high-quality posts. It is true that old ones deserve more merits, but this is your motivation to do the best.

I apologize for not replying but I forgot about that.



Mini Merit LOG

Code:
red4slash -------------> 6/10/2023 Good posts,
Abu-Naim -------------> 6/10/2023 Good posts,
odunybiz-------------> 6/10/2023
Arenga pinnata -------------> 6/10/2023 Good posts,

I'm out of merits. will start from @Odohu and all new requests as soon as my merit source back (within 5 days)
1326  Other / Meta / Re: A good statistics to show Nigeria need more merits source to approved at least 2 on: September 05, 2023, 10:20:29 AM
Many of them have left the local because there's no much merit there. And those who spend most of their time on the board don't get merited as much  as they'll do on the main board because 1,

This should not be a reason to post or stop posting. The main motivation should be that you like it. Merits are an additional incentive.



I'm the only merit source and 2, low source merit. I saw you have 1k+ monthly and I barely have over 120+ meanwhile we have over 1k posts monthly on the board and that means only 100+ (quality posts) of those can be merited (that's if I send only 1 merit each for each quality posts that I come across).

@Rikafip's stats say otherwise, I quote

Quote
Their average 12 months post/merit ratio is ~0.3 which means it is indeed possible to rank up there, but harder than on many of the other local boards.

But I agree with you, it needs more improvement.

before the local board was created but his reply was that the forum isn't looking to add more merit to circulation and that's just frustrating to the local board but what can we do, most times I even keep my smerits earned from merit received for the baord just to keep the energy high on the board.

Instead of getting discouraged we can think of a compromise, I can give Nigerians LB about 150-200 merits per month, which means about 100 extra sMerit, just make a weekly list, PM me with it or through that thread and I'll look into it.

After about 3 to 6 months, if there is an improvement in the quality of the posts and the post/merit ratio, then you will have enough reason to claim a new source source with +200 Merit per month.
1327  Bitcoin / Wallet software / Re: 14 Bitcoin Software Wallets, compared feature by feature on: September 05, 2023, 10:07:24 AM
Good list, is the code open source or are there plans to translate it, I can help with that if possible.

Since we are talking about crypto-software-wallets, there is no need to mention LAUNCH YEAR/COMPANY/HEADQUARTERS/X (TWITTER),...etc

 - In LIGHTNING NETWORK, I would like to add whether it is non-custodial or custodial
 - No need to add a QR Scanner
 - There is no need to add APP LOCK as this feature is present in most phones and can be activated even if the software-wallet does not support it.

I almost liked the PRIVATE KEYS section, it's the first time I've found such details.
There is an extended list by ---> https://walletscrutiny.com/ you can check out.
1328  Economy / Exchanges / Re: Binance remove and cease trading on the following trading pairs -! on: September 05, 2023, 09:48:44 AM
What can affect the market for this? Please give me your personal opinion!
Many trading pairs related to BUSD will be canceled and trading of that currency will be stopped by February 2024[1]. This news has been spreading for several months[2], and therefore all that is happening now is an application of this news and it will not have an impact on the price.

By deleting the pairs related to BUSD, it remains MTL/ETH ANKR/BNB, which are often removed due to poor liquidity or platform policy, etc., but those altcoins (MTL&ANKR) have not been delisted, although this may happen.

if he talks here about its impact on Bitcoin price, it is almost zero.

[1] BUSD users will be able to convert Busd to other stablecoins until February 2024
[2] Binance removing support for BUSD
1329  Economy / Service Discussion / Re: CGMD miners redefine passive income opportunities with innovative cloud mining on: September 05, 2023, 09:27:37 AM
There is a close association between anonymous mining sites (cloud mining) = SCAM, even their definition of cloud mining shows that they do not have a good technical background.

Quote
Cloud mining is a mechanism that uses rented cloud computing power to mine cryptocurrencies such as Bitcoin, without installing and running hardware and related software directly.

In addition to fixed income by about 30% within 20 days, the greed of users increases, and a period of 20 days is sufficient for fraud. Therefore, this project is not cloud mining, but Ponzi/HYIP.

I hope all beginners deal with cloud mining as a scam and all quick earning sites with more skepticism.

I added a negative trust.
1330  Economy / Trading Discussion / Re: screening coins on: September 05, 2023, 09:07:41 AM
It is really not reasonable to expect that screening will get you a reward every single time. You are not doing something that requires that much of a big talent, and you are doing something that is free, and the result should not be instant profit all the time.

If we ignore the exhaustion and great psychological pressure, it is likely that you will not be able to catch up with the price when it changes dramatically, so you will need a bot or something automated and fast that can execute trading orders without your personal intervention. Therefore, personally, I see that all price alert applications are just a waste of time and useless stress.


You should be seeing it slowly, and not doing much and wait for the trends to develop and only make money time to time, that is what it deserves to be fair and I believe that is more than enough. There is no easy way of making money in most cases and you shouldn't really be believing that it will make a profit that quickly, it will not be that simple and should not be considered easy at all, it will definitely be a tough thing to handle in most cases.
You can do this without any extra effort by automating your trading, and there are plenty of options if you read technical indicators well and use the appropriate bots.
1331  Economy / Scam Accusations / Re: Scammers sending messages of trust wallet verification. on: September 05, 2023, 08:44:08 AM
This scam is obvious to anyone who has experience but we can say trust wallet can record your private keys and steal them at any time they want. It is true that they have not done that yet, but anything is possible. I'm surprised how they got your email address and made sure that you downloaded the trust wallet. In general, your wallet should be in separate devices from the Internet and from anything related to CEXs.
1332  Other / Meta / Re: A good statistics to show Nigeria need more merits source to approved at least 2 on: September 05, 2023, 08:29:39 AM
Although I would like to see more merit sources but what I have noticed is that Nigerians are ranking up, it is true that it is difficult for those who only post in the local board but it is possible.

The analysis provided by Rikafip is the best to say that there is a need for merit sources and I hope the change is fast.


For now, as a simple solution, if you see a post worth merits, put the link in that thread. My source generates about +1,000 sMerits per month and I think that's enough for several local boards.
1333  Other / Beginners & Help / Re: [Merit] Help posts in local boards that did not receive enough merits on: September 05, 2023, 08:14:56 AM
Merit Log

About 100 Merit have been sent


Code:
Unknown Op -------------> 5/10/2023 Good posts,
DYING_S0UL -------------> 5/10/2023 Good posts,
LDL -------------> 5/10/2023 Good posts,
Dzwaafu11 -------------> 5/10/2023 Good posts,
hafiztalha -------------> 5/10/2023 Good posts,
EarnOnVictor -------------> 5/10/2023 Good posts,
Trawda -------------> 5/10/2023 Good posts, I think our local board has enough merits, but you can join.
Juse14 -------------> 5/10/2023 Good posts,
Maestro75 -------------> 5/10/2023 Good posts,
Nheer -------------> 5/10/2023 Good posts,
Promocodeudo -------------> 5/10/2023 Good posts,
Gladitorcomeback -------------> 5/10/2023 Good posts,

Thank you, Gladitorcomeback. You are almost the only one who shared other topics. It is not a rule, but since you have the option of 10 links, adding posts to others, not only your posts, will be useful to everyone.

I haven't seen any posts for other local boards, almost all posts are from 4-5 boards.
Thanks everyone, this is still open.
1334  Economy / Currency exchange / Re: I want to exchange 5000-11000 dollars in bitcoins to usdt. where can i do it? on: September 05, 2023, 07:37:38 AM
I live there. Are you a resident or a tourist? If you have a bank account in a Gulf bank, you can use ----> https://www.rain.com/ They have a license from the Kingdom of Bahrain, and you can link your bank account and buy a group of cryptocurrencies at prices better than 2% .
If you do not have a bank account or want to trade in cash, you can search on Binance P2P, you will find some interested people in Dubai's downtown area.

In general, it is easy to find traders if you want to buy or sell at a rate greater than 2%, but be careful of trades of more than 10K dirhams, as sometimes it may cause you legal problems.
1335  Economy / Trading Discussion / Re: I found Facebook trading group they work with signals wolf of wstreet on: September 03, 2023, 11:42:00 AM
This what i found over 400 members i'll join becouse i want to trade together like team they are ispired by wall Street ...i like to slogan "u got to pump up rookie numbers "  Nice idea
I think you should rethink joining this group, or at least reduce the enthusiasm. Good traders will look for other good traders and will not use a group on Facebook. You will also find in this group analyzes that there is an excellent altcoin and that someone invested in it and made thousands of dollars, but it is all false promotion for this story. don't trust analysis, always question yourself, be skeptical, DYOR trust that something too good to be true is a scam.

Do not worry, you will later know that they are not wall street. You will know later that they do not care about you but that they only care about their own pocket when they will give you signals that will not work for you.
I hope he knows this before he loses his money.
1336  Other / Beginners & Help / Re: Scale Measuring Crypto Literacy Good for Pretest/ Posttest in Community Outreach on: September 03, 2023, 11:05:48 AM
The questions they asked are simple, but some of their meanings are deep, such as those who can confirm bitcoin transactions are only those who own bitcoin (proof of stake), but some questions do not have correct technical answers, or at least they have a generalization of the term.
In general, it is good that we are now talking about bitcoin as a revolutionary technology and not as an investment, a speculative tool, a Ponzi model or even as it was said in the past that it is the currency of the dark internet.

I have downloaded the paper and will review it later, thanks for sharing it with us.
1337  Economy / Service Announcements / Re: [ANN] ChipMixer.com - Bitcoin mixer / Bitcoin tumbler - mixing reinvented on: September 03, 2023, 10:53:47 AM
It has to be him (judging by the amount of BTC in there, I'm pretty sure this is the case), otherwise that means his wallet is compromised.
If it is for him, according to his last comment that the payments for the last week will be sent, did you receive any payments for the last week?
Quote
As ChipMixer has been seized, the campaign is now ended. Outstanding payments will be made later this week.

Also, the cost of managing one week in the campaign is 0.4, and the amount of 1.3 is sufficient for about 3 weeks. Should it be refunded to ChipMixer*, or should it be to DarkStar_ or what?

I think this address bc1q29xpuw8mx9933xed7t6r03yge42zf2rqmevntm belongs to a government agency given that the balance has about 50 bitcoins

* I don't know how that will happen.
1338  Other / Beginners & Help / Re: Nothing compares to BITCOIN, know this and know peace on: September 03, 2023, 10:28:24 AM
There is a difference between the currency being decentralized by design, but due to mismanagement or use, it turns into a centralized model, and the currency being centralized from day one but making false promises that it is decentralized.

Also, the use and belief in the idea is what makes this currency decentralized in addition to the possibility of making a profit. If the miners do not get profits from bitcoin mining, then the currency will become centralized or distributed, similar to Ethereum and some networks such as BSC, which says people try to believe that it is decentralized, and in every hack Coins are frozen in wallets.

Grin is an example of a privacy coin, but without development and an increase in price, it will turn into a dead crypto.
1339  Economy / Trading Discussion / Re: Koinpark - The best cryptocurrency exchange platform on: September 03, 2023, 10:15:08 AM



This is interesting and often ends badly for everyone who tries to deceive others that the platform is old and has thousands of followers. Not to mention the 2.4 million from 2014.
I note that Mariyamfranklin is actively involved in promoting this scam, if he continues he may get a negative trust.

1340  Other / Archival / Re: No-KYC Exchange Encyclopedia on: September 03, 2023, 09:57:03 AM
Today I tried to use Huobi as an alternative to OKX. I tried to login but I got an error

Note that I use a UK and Switzerland IP addresses, and I do not think that my country is banned, although I was surprised how they would know the real IP address even though I use VPN.

Did you encounter this problem?

then, I've tried BitForex, the login was successful and I'm going to fully test it in the next 24 hours.

Quote
USERS FROM THE FOLLOWING JURISDICTIONS ARE PROHIBITED FROM USING ALL SERVICES: MAINLAND CHINA, THE UNITED STATES OF AMERICA, CUBA, IRAN, NORTH KOREA, SUDAN, SYRIA, VENEZUELA AND SINGAPORE.
USERS FROM THE FOLLOWING JURISDICTIONS ARE PROHIBITED FROM TRADING IN DERIVATIVES: MAINLAND CHINA, TAIWAN CHINA, HONG KONG CHINA, ISRAEL, IRAQ, BANGLADESH, BOLIVIA, ECUADOR, KYRGYZSTAN, SEVASTOPOL, SPAIN AND THE UNITED KINGDOM (RETAIL USERS ONLY), New Zealand.
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