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April 18, 2024, 10:22:02 AM *
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1  Local / Nigeria (Naija) / Re: Bitcoin seems to be the safe heaven in this period of Naira value increase on: Today at 12:34:42 AM
Edited out
Well at the moment,  naira seems to be the most suitable currency to hold, then then also it can't be compared to holding bitcoin since if we should go into deeper analysis,  we should already discovered that bitcoin won't continue to fall and ad a matter of long term stability, bitcoin will pay more than holding naira if you bought those bitcoin any where below $70k.

Those are the things we should consider before holding an asset,  it is a wrong thing to give short term speculation to volatile asset like bitcoin,  but the Nigerian naira, are USDT are all stable to some level due to their centralized nature.
2  Local / Nigeria (Naija) / Bitcoin seems to be the safe heaven in this period of Naira value increase on: April 17, 2024, 09:23:23 PM
I hope this topic title interpret and pass the message of this thread as simple as possible.

It is no longer news to most of us who have being following up with Nigeria forex crisis and how the naira have gained value in recent time there by making USDT holders to be at grave loss most especially those that have huge amount of USDT as trading pair, and for now there is no hope in sight as it is clear that naira will continue to gain against the dollar in the coming days, for that reasons,  investors like me and you need to figure out ways to keep our assets at stable profits and avoiding losses even though it is not 100% possible to achieve lose free investment as long as there is profits merging also.

Reason why BTC remains the smartest asset to hold as a Nigerian

1: Bitcoin have alot going on for it and we are sure that those events will definitely push the market to gain against the dollar on the long run, and if bitcoin gain against the dollar and we hold our assets in bitcoin it then means that we get more USDT which translate into more naira at the point of exchange,  so even if the naira gain a fraction against the USDT but due to our more USDT accumulation from bitcoin holding we will still be at gains.

2: Another point is that, bitcoin will recover faster against USDT since bitcoin is a volatile assets an decentralised compared to the possibility of USDT gaining against Naira since both are centralized and stable to some extent.

Anyone with clear understanding is free to contribute to this speculations and analysis,  and if it can  e backed with data's it will be much appreciated also.
3  Local / Nigeria (Naija) / Re: Person wey get money no fit spray the money again? on: April 17, 2024, 04:39:28 PM
Me I welcome this idea of fight against naira notes abuse because of the cost in producing those notes and most times those notes get destroyed which will still be returned back to the bank, and the government suffers the cost of maintaining the naira note due to citizens abuse of the national notes.

But then also naira abuse can not be controlled but with the new awareness it will be reduced at least public spray of money will end for both politicians and celebrities.
4  Economy / Gambling / Re: Quinto.Games Windfall Lottery 🂡🂮🂭🂫🂪 | KICK-OFF AND PRE-SALE TICKETS NOW on: April 17, 2024, 03:57:21 PM
First of all I have my doubt in your probability fairness in any deal, but none the less, I can see that you offenses bothers on some few removable things if you present clear evidence on why you tag but if not, that.

I don't think this Coul be done in any other ways since having those red tag from forum members will hamper the trust of users on such platform.
5  Economy / Gambling / Re: What software of online casino slots do you prefer? on: April 17, 2024, 03:47:02 PM
I do not even bother to know the software any casino is using, what I prefer is to know if the casino is good or not. If the casino is reputed, I can register and use their site to gamble. When gambling, I will know the games that pays me more than lose and which are the ones I will go for. Everything is for fun for me and I do it as fun.
Exactly the same with me, once the casinos can be trusted and accepted in my region,  I care less on the software or even licence because I know before a casinos can attain a certain reputation state,  it must have gone through some licence acquisition.

Any casino that offer KYCs and long term of operations plus high pay out and fairness,  all this combined present a clear platform to trust both for slot, dice or any other games.

What should be noted is that,  gambling os for fun and risk only what you can afford,  because your losing or winning in any games depends on luck, that is why you should stake what you can lose and be OK with.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: layer-2 blockchain, called X Layer has been launched on: April 17, 2024, 03:21:38 PM
Cryptocurrency is gaining ground, and new developments that enhances the scalability and serves as an alternative will continually to come, so I am not surprised at all to see exchanges taking that route to build on alt layer 2 blockchain having it on onchain to aids Faster services.

Okex is gaining popularity lately mostly in my country,  I may have missed the notifications, any way this is a positive one.
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8  Economy / Speculation / Re: Satoshi forces the price of bitcoin to continue to rise over time on: April 15, 2024, 04:29:57 PM
Halving is a way for satoshis to force the price of bitcoin to continue to rise over time. The fewer rewards given to miners will make bitcoins harder to obtain and rarer as time goes by. This is a smart strategy that Satoshi had and I just realized it.

The weakness of this strategy is that when Bitcoin fails to reach a high price after the halving until the next halving occurs, this can damage public trust and also harm miners. However, this weakness no longer applies because Bitcoin always has a new ATH at every halving phase that occurs. So, I believe the price of bitcoin will continue to skyrocket in the future.

What do you think?
This could be a wrong assumptioanal thought's because there is no anytime that it is clearly stated that bitcoin halving is aimed and increasing the price of Bitcoin,  the whitepaper only mentioned that the block rewards for minners will reduced into half each time bitcoin blocksieze reach a certain blocks.

So we need to understand the difference between the price of Bitcoin and it relationship with the price of Bitcoin and at what time.
9  Economy / Gambling discussion / Re: An interesting story and experience of a gambler on: April 15, 2024, 03:48:09 PM
This is a case of multiple addictions in action because from the look of things, it seems that the gambler or victim seems to be out of control and he really needs some quick help if not, alot could go wrong with him at the end of the day because as it is, he is going to lose everything until his entire balance becomes zero at the end of the day.

So the best thing for him to do right now is to take a break from gambling for a while and try to forget about the entire figures and accept the fact that casino always wins.
10  Economy / Gambling / Re: What are your expectations for Casino coins in this coming bull run? on: April 15, 2024, 03:37:21 PM
I will want you to have this at back of your mind that casino aren't different from any other altcoin irrespective of their categories as coin/token so we shouldn't think much thing different from other altcoin over there in the market. Again we should also remember that casino token are only or mostly being used by those who gambling in their site. I believe there are some casino that also permits bettor and gamblers to withdraw their coin after winning, meaning it's only used within their ecosystem and doesn't have real values, often time their prices struggles to increase in the market even though bull come they don't make much differences, why not you do go for other coin not necessarily mean you must invest in gambling token/coin.
This line of thoughts comes from the basic knowledge of investment but if I must to advocate for investment then casinos coins and tokens as a good investment and at such we can allow to say that holding casinos coins should be based on the fact that casinos tokens are mainly for utilities on the site and nothing other than that, although some of them have some form of volitilies in the price but then it will end on the negative side for anyone that take them as investment.

Unless if you take the as speculative assets and try not to be greedy to take gains as their comes along.
11  Economy / Gambling discussion / Re: Never gamble in front of your kids. on: April 15, 2024, 03:21:33 PM
I remember from my childhood, that it took quite an effort for parents to get kids home from street, as they were busy playing and socializing. I see kids today, and it is almost impossible to get them out to play. All they want to do is to spend time in their gadgets, while having million of toys in their room. All that makes me think, that even if parents gamble in front of them, they either wont notice it, or pay little attention to it. But they will surely focus on what they see on youtube for example. So it is better not to pay a lot of attention who they friend with and what they can learn from them, not to hide gambling activities at home, but monitor or control what they get from social media. Today, social media is what they trust more than parents, family, friends. You can redecorate whole house, paint room, move furniture - they wont notice that. But if their favourite youtuber uploads a new video about minecraft, then that will be an object of discussion among friend for weeks.
The advance technology that we have around thos days have made life very easy amd for increasing privacy because you can see how kids could be busy not to even notice there parents screen since smart parents always know what to do to keep the kids distracted and engaged.

The most important thing is for us to monitor the kids to be sure that they don't go out of the way into having access to what is above they age at any moment.
12  Economy / Gambling / Re: House Edge on: April 15, 2024, 03:12:07 PM

That is why the true luck of the house or the casino itself is not an individual bet. But all of the bets cumulatively, with all the sample size of bets. Over the series of wins and losses over the gambler, the casino always wins. The casino always have the advantage, but still the gambler can outsmart this by knowing when to stop and not to take risk. By being content of their wins and not give it back to the casino. You may not beat the casino, but you may earn money and not lose it.

You canít consider it as outsmarting because you canít break the inevitable loss in the long run by just knowing when to stop because you didnít have profit at all. You can consider it as safety measure or minimizing risk but not an outsmarting move because casino always knew that gamblers will never know how to stop on most cases.

The only to outsmart casino is involving on bets that gives +EV like arbitrage betting or other strategy that will give guarantee positive profit which casino doesnít allowed.  Cheesy
First thing to do is to accept the fact that when you are gambling there is the possibility of either losing at any time and for that it important to only gamble with what you can afford to lose, many ot the times it important to note all this things so as to play safe while in the casinos because many times you may likely lose to the house since the games are configured to favor the house all the time.

Also note that if the house edge is 2% vs 1% then means you have a variation in terms of what you achieve while at the casinos.
13  Economy / Gambling discussion / Re: Geopolitical Tension and its effects on Gambling on: April 14, 2024, 10:16:43 PM
Sometimes, traffics is like chain, it move together,  do anything that could cause tension and low demand in the stock market will also robbed off on casinos because the motivation to gamble will be low.

Bit also we should know that, the level of it impacts on gambling may be low since gambling is some how a fun activity.
14  Economy / Speculation / Re: Buy the DIP, and HODL! on: April 14, 2024, 09:24:56 PM
The price of Bitcoin is down a bit now, many newbies may have panic sold their holdings right now, they are definitely making a mistake right now. They must understand that every dip is a golden opportunity for them to buy again. Those who can use this opportunity will achieve something good. Don't panic, buy more and more in the Dip, Then you can achieve a good. buy bitcoin right now we can earn more bitcoins.
Buying at the Dip price is still the right option for everyone who wants to increase the amount of Bitcoin in their respective wallets. And beginners should be able to understand this before they buy at higher prices, because when it comes to buying Bitcoin with the aim of holding it for the long term, there is certainly no need to panic or be afraid of a short-term price drop. Because with the existence of an ETF on Bitcoin, this has made Bitcoin a really strong asset and also really suitable for the long term without having to worry about small price drops in the market.
What price is really a good price that everyone call out about each time we see bitcoin discounted price, this is most important because many times some of those price changes comes with their own special advantages and at that we have to come to terms with the fact that since bitcoin price is unpredictable,  all that we need to do is to make the buy order at a price that we are comfortable with.

If such understanding is there, it then become easier for you as an investors to manage yourself around the whole bitcoin market and it volatilities
15  Local / Nigeria (Naija) / Re: EFCC to arrest businesses that accept payment in dollar. on: April 13, 2024, 09:08:42 PM
Already FG dey demand list of Nigerians way dey trade for Binance. Wetin you feel say them won use that information do?
The people where the government via the EFCC dey look for no be the ordinary binance users,  and they have a specific targeted binance account's that they feel and suspected to be operated by forces outside Nigeria and this account's are multi volumes merchants operating and manipulating the market from outside Nigeria.

If you been the follow the issue from the beginning,  you will see that EFCC first requested for the top 100 binance users from Nigeria, and when the binance lose guard them, na when them requested for the entire users, I think the reason for the request is for investigations, but the question now be say wether binance as a top and leading cryptocurrency exchange globally will hand over their clients data to the government.
16  Bitcoin / Bitcoin Discussion / Re: Bitcoin = Proof of Scam ? on: April 13, 2024, 08:42:16 PM


White paper does not mention halving !
That is not something to debate about whether or not bitcoin halving is mentioned in the white paper or not, but the thing is that, bitcoin halving is not a way to add more coins to the bitcoin network since even in practice,  bitcoin halving takes bitcoin off the network.

Since the block rewards for minners get divided into half each time bitcoin halving  cycles occurs.

17  Bitcoin / Bitcoin Discussion / Re: Bitcoin halving countdown on: April 13, 2024, 08:28:19 PM
If you think halving will get you rich quickly, then you should wait because the change in supply does not directly increase the price, although I am surprised that the price is still +60k.
Many investors mostly long term experience investors already know how the price and market react after bitcoin halving and for sure we still expect bitcoin price to dip before that time and at some point we may likely get to as low as 40k discount price before the end of the year 2024 which will be the anticipated bull possible time frame.

Although we can't tell actually how bitcoin price is going on to react to that event when it happens in a few days from now.
18  Economy / Gambling / Re: My betting strategies on: April 13, 2024, 07:32:52 PM
These are strategies you can use to increase your odds of winning because sports gambling is more than just selecting. You need to know how to read the data and predict upcoming events from it. For me I like checking their last few games in general, and their last few games when they met this same team. I believe these are the things that they even use to decide what odds are shown by the casino for each game.
Strategies to increase the odds of the game you mean because as far as I know it almost impossible to have such strategy in place since the games largely depends on luck to win them at most and this is the most, important thing to acknowledge before any other factors that could facilitate your winnings.

I don't believe that there I any form of strategies to winning a game and some time most of the promises of having or avaliable working mechanism have all failed to meet up with the desired results as promised.
19  Economy / Speculation / Re: Bitcoin Analysis - What's coming Next? on: April 13, 2024, 04:16:34 PM
Since we know how unpredictable bitcoin can be, it is important that we think both ways, although this is a 8p% accurate analysis and I commend you for the great time put in to ditch out this analysis of what might become of bitcoin from now until the halving and the emiminat bull market.

It's possible that we see dip in the market but certainly it won't be that significant that it will have high impact on the value on bitcoin before the next expected bull market.
20  Economy / Gambling discussion / Re: Why do some people hide to gamble on: April 13, 2024, 04:06:28 PM

If gambling can be done in secret like those gamblers that OP mentioned, it will be hard for children to see anyone gambling or know what gambling is at their age. But due to showcasing our gambling activities, and we have online casinos, that gives you the opportunity to gamble anytime, people forget themselves when gambling, and allow their children to see them when they are gambling.

It is better for me to gamble in secret, than allow my public gambling lifestyle to influence anyone into gamble. However, anyone that is proud to be a gambler don't care of keeping his gambling activities private, and such people  will do more harm to the society by influencing people in their area or even kids unknown to them.
First thing first, gambling should be analysed based on the current trends and how online gambling have imparted the gambling industry both positively or negatively all this are factors that should be considered before we make any statement about the implications of public gambling.

One thing is that as a parent you have to act responsible ways and for that you must make every necessary attempts to act in a responsible way all the time.
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