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Why should a president (former president Buhari) advice Nigerians to go for farming? That is not good. You can see how congested people in many cities in Nigeria are. If things works rightly, you will see how what the former president said is very wrong. He even said it when herdsmen cattle were led to people's farm by the herdsmen to destroy people's crops.
You said oil. Minimum wage was ₦30000 since many years ago when dollar to naira was around ₦350. Nigerian government are selling crude oil and converting dollar at ₦360 but now selling it and converting at least at ₦13000 now, having more money in naira to pay workers. Why the government have not increased their workers salaries? We need a good reason.
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This money does not belong to government, this money belongs to common Nigerians that are looking for a way to survive
Nigerians mostly uses payment processors before, but CBN banned bitcoin and other cryptocurrencies. We moved to P2P and Nigerians will not label the bank transaction as cryptocurrencies. CBN unban cryptocurrencies but Nigerians still prefer P2P. What did he mean? That the money (naira) in the bank used to buy bitcoin and other cryptocurrencies are not legit? I am disappointed that CBN can say they can not adequately identified the money (naira) that passed through Binance. |
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if binance is completely banned, what will be our fate considering our assets?
Remember it is a better option than its competitors too.
Binance is a better option than its competitors? How? That is not true. I do not think Binance would be banned but more regulations are coming. if binance is completely banned, what will be our fate considering our assets?
Hold your coins on noncustodial wallet. Simple. For traders, Binance will try its best that no one will lost coins. If Binance is not hacked, no problem. Do not leave high amount of money on an exchange. |
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$26bn passed through Binance from people that CBN cannot adequately identified says CBN governor.The CBN governor, Cardoso disclosed this on Tuesday after the 293rd meeting of the Monetary Policy Committee in Abuja. This is the video on YouTube: https://youtu.be/kmjUwP8-Xzc?si=Tfq0AwLOt0O9rZjbIf you do not have time, start watching from 19:50. He also talked about more regulations are coming with zero tolerance. That was before 19:50.
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This is how I calculate mine:
Profit= (Selling price ÷ buying price * the amount bought) - the amount bought
Example:
You bought bitcoin at ₦58000 and sell it at ₦120000
Buying price= ₦58000
Selling price= ₦120000
The amount bought= ₦1000 worth of bitcoin
Profit= (120000 ÷ 58000 * 1000) - 1000
Profit= ₦1,068.96
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I have edited the OP. These are what I edited and included: This thread is about BTC/NGN price speculation. No altcoin should be included. USD can be included. I noticed we are discussing BTC/USD also.
We are using the Parallel market rate. If you are not using the parallel market rate, specify the one that you use.
I noticed people talk more about USD has been one of the reasons I edited it. Also to let us know that we should use black market rate because it is the price that we have been using for discussion. I did not see anyone using the I&E or the CBN rate. Happy to see people posting on this thread again. BTC at ₦92.2 million today. Approaching ₦100 million. $56000 |
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OP should give more information. The one I found was this one on Amazon.
I think you are right. The site I mentioned is Ju biter while mentioned Ju Biter. The name of the hardware wallet is called JuBiter Blade which can also be referred to as JuBiter which can easily be known from the capital letter 'B'. I think the OP is referring to the wallet that you posted about. |
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The most active members as of then were Charles-Tim, Agbe, CryptopreneurBrainboss and others follow but a time those guys posting in the local board reduce but there are still active members.
I am still active. Although, I had the 10th position in January but with 58 posts. That is 14.5 posts in local board in a week and 2 or more posts in a day. In December 2023, I was the third with 89 posts. I am still very much active on the local board. In January, I did not see much posts to replied to as many of the posts were not interesting to me for discussion. |
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I've never heard of it. Google tells me it's a hardware wallet, and it's still being sold.
Are you referring to digital blade? It is the one that I saw online that is a hardware wallet. According to my findings, this is the website of digital wallet: https://www.jubiter.com/. According to what I noticed, it would likely be a custodial wallet and not generating seed phrase for their customers. It was said that 97% of funds are kept in cold storage while 3% for trading just like custodial wallet providers and exchanges can say while holding people's coins. This wallet/exchange has been closed since 2021. If OP has coins on the wallet, this is another lesson of not you coin if it is not your key. Send them email and see it would be helpful. You can see the link to them email on their website. |
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Just as stated above you can either calculate your own transaction size by yourself or take the suggestions from the wallet you’re using which is not so accurate all the time.
Wallet's transaction virtual size of a transaction would be accurate. Although, I am referring to those wallets that are highly recommended. I think what you mean that is not that accurate is the fee rate that the wallet is estimating as a result of not estimating the mempool's fee rate accurately. |
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I have seen Nigeria as the third most active posters, but surprisingly seeing Nigeria as the second this time is surprisingly. I can remember the time I posted almost or over 100 to 140 posts, but I had 58 posts in January and I am the 10th person with the highest posts, unlike before that I always take the first position. Despite my posting on local board that reduced, we become the second most active local board in January. This is nice.
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That is just it. Their incompetence will make them blame something and not themselves. It has been long that we have been posting on this local board that we want the government to regulate foreign crypto exchanges like Binance, Bybit, OKX, Kucoin and others. Why are these exchanges not having offices in Nigeria? Even if the P2P buyers and sellers are manipulating the price, this might not have occured if they have clear regulations for those exchanges.
The 2 merit for the advice not to leave coins on exchanges. They are exchanges and not noncustodial wallet which is what should be used for holding coins. But it is good to make good research to know the best noncustodial wallet that should be used for holding.
For huge amount
Electrum or Sparrow on airgapped device for bitcoin-only
Hardware wallet
Passport for bitcoin-only
Trezor for bitcoin and altcoins
For low amount
Electrum, Bluewallet, Samourai and Sparrow for bitcoin
Metamask or Unstoppable for altcointalks.
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Who do you think plays a bigger role in crypto adoption ? Will it be common people like you and me . Or does the role is played by government because it is them making monetary policies. I feel people are more important because when it comes to electing the government, even there it is the majority of people which results in final decision.
People play big role in bitcoin and other cryptocurrencies adoption. The people that I am talking about are the retail and institutional investors. What role does the government play than to look for ways to generate money from crypto taxes? What I can say is that the government has no role to play in crypto adoption than to use regulations to hinder it. |
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Electrum uses a different standard than bip39 to generate wallets. I would like to know if there is a tool for recovering the private keys from seeds generated by Electrum similar to what iancoleman does.
Why not just use Electrum? Electrum can generate your master private key, master public key, the child private keys and the child public keys. So why bothering to use another tool? |
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Instead to click on 'pay', the person (which I think it is you) clicked on 'save'. This can be used to later send the coin, like maybe as a reminder once you check the send tab. Can can right click on the unpaid transaction and click on pay to send the coins.
Like I said, if you right click on the unpaid transaction, you will see 'pay' which will direct you to click on ok to make the payment. Or you can just cancel it.
If you think you are not the one that created the unpaid transaction, it is better you move your coins to another address generated on another wallet with a new seed phrase.
But I think it is you that make that transaction because it is easy to know that pay means to send the coin and the coin would have been stolen if your wallet is truly compromised. I may be wrong.
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It is nelson4lov that is correct and I gave him 1 merit for it, but he posted two times consecutively and the post was merged was the reason you did not see then merit. Binance URL is not working as it has been taking down by the ISP as it was instructed by the NCC but Binance mobile app is still working and you can use the Binance app to access the exchange and it will work. |
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Brain wallet are not secure, do not use it anymore. If you want to generate wallet, use HD wallet like Electrum or Sparrow. No, it's a word that I chose, a lyric, but how do I withdraw the money from another wallet?
You can use https://www.bitaddress.org/bitaddress.org offline. For offline usage: https://github.com/pointbiz/bitaddress.org/archive/v3.3.0.zipAfter you access the it, click on brain wallet and paste your password to get your private key and see your address. The private key starts from 5, K or L. After you get the 5 prifix private key and not matching your address, try to check ✔️ compressed and click on 'view' again to get the K or L private key and see if your address is correct with the address it generates you. Download Electrum from https://electrum.org/. After you setup electrum, click on import bitcoin addresses or private keys and paste the private key there. Let the wallet synchronize with the blockchain and check your balance. |
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What character does the password starts from? Is it K, L, 5 or 6P? I am asking you just the first character and do not paste the whole character here because it might actually be the private key.
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