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Considering my situation, what's the better option for me? Well, it's a tough call. Buying could potentially let me build equity and benefit from property value growth, but it also means taking on the responsibilities of homeownership. On the other hand, renting offers more flexibility and less hassle.
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The government did not ban Binance. It's SEC that named binance as an illegal company in Nigeria and as far as I know, usage has not been affected on Binance. You can still make your day-to-day transactions without any hindrance.
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It's actually closed to being impossible. The problem is not about the rate, the actual problem is massive demand for the dollar more than the banks can provide. In a similar scenario, let's take the naira scarcity for example, when the demand for the naira rose above the capacity of the central bank itself, what happened? We start to see a black market rate from POS operators. Some people managed to get their hands on so much of the naira, leaving the majority with less to nothing. And these people with enough naira became the sole determinant for how much charges you get to pay to withdraw a certain amount of money.
That has always been the case for the dollar/naira in Nigeria, the demand for dollar is on the upper scale and unless that is first addressed, there will always be a black market rate for the dollar.
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It is a very welcome development. My only concern is how they intend to put it into implementation knowing that many such other development has been exploited in the past to the detriment of the masses. Again, government do not have enough data about its citizenry to enforce the repayment plan, if at all they get the implementation right. How do they intend to collect the money back from a graduate who is now working in the private sector and remotely? How will they know that the person now actually has a job that can pay back the loan?
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It's true that lying has become pretty common these days, and it can sometimes seem harmless. But deep down, we all know it's not the best thing to do. Maybe it's time we try to be more honest with each other and ourselves. Let's break the cycle together! 😊
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Man, that's rough! It sucks when external events impact your savings like that. Just remember, exchanges and BTC are separate things. Just because one exchange goes down doesn't mean BTC has to follow. So what if Binance is facing issues? I couldn't care less! Keep hodling and don't let these setbacks get you down. Stay positive, my fellow Bitcoiner!
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Personally, I'd go for a mix of both. Bitcoin can be risky but offers high returns, while banks are safer but have lower interest rates. So, I'd put some money in Bitcoin for potential growth and keep the rest in a bank for stability and easy access. It's about finding the right balance that suits your goals and risk tolerance. But hey, I'm not a financial advisor, so it's always good to seek professional advice too!
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Trading Bitcoin has been a real rollercoaster lately, especially for investments. It's a pity that your friend bought $1000 worth of Bitcoin only to see the price take a nosedive. But here's the thing: predicting the future of Bitcoin is like trying to guess the lottery numbers. We can't control it. This isn't the first time prices have tanked, though. Maybe we can see the bright side and use this opportunity to buy some Bitcoin while it's cheap. By the way, if anyone here has insights into why prices keep dropping, we'd love to hear them. Being newbies in this crypto world can be tough, right? But hey, that's why we're here – to support each other like a family.
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It's true, during the bull market, we see a lot of new projects popping up, especially on CMC. Some of them are just trying to attract investors and may not meet exchange standards, leading to delistings. Investing in altcoins can be a way to take advantage of the bull market and potentially make some gains, but it's important to do thorough research and choose wisely. Altcoins can be volatile, so they may not always survive the dip after the bull run. It's all about finding the right opportunities and managing the risks. Good luck out there! 🚀💸
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The recent SEC lawsuit really shook things up. It's definitely a concerning situation, especially for BNB. I can understand why you're worried about its future. As for a solution, it's hard to predict, but I believe the crypto community will continue to find ways to adapt and overcome challenges. Governments may pose hurdles, but I think cryptocurrencies will keep evolving. Stay positive! 🚀
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Oh, I totally agree with you! YouTube all the way! It's got loads of useful and creative content, plus a massive collection of high-quality videos. Can't beat that! 😄
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Where did you send the fund to? Does 1AZepsGtdPNoE369k6c8hMgWzVnkxQNbjd belong to a non-custodial wallet or a custodial service?
If the address belongs to a custodial service like an exchange, the only thing you can do is wait.
It's an exchange wallet. I have no problem waiting as far as I can get my asset back |
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Can you share your transaction ID here? (Note that with sharing the transaction ID, you may harm your privacy.)
Transaction id: a71288f1dc6a9da53e56c79a16f0bb94540a1d68a618c3c793438ec80ba7ffca
Fee rate: 6.71sat/vB
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What is your transaction fee rate?
Transaction id: a71288f1dc6a9da53e56c79a16f0bb94540a1d68a618c3c793438ec80ba7ffca
Fee rate: 6.71sat/vB
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I'd like to seek the guidance of bitcoiners on how I can cancel a transaction or whatever other alternative there is.  I sent bitcoin from my xverse wallet to another wallet over 3 days and the transaction has not been processed. What can I do to cancel or speed up the transaction? Transaction id: a71288f1dc6a9da53e56c79a16f0bb94540a1d68a618c3c793438ec80ba7ffca Fee rate: 6.71sat/vB |
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I totally understand your love for Bitcoin and its potential. Personally, I find Bitcoin incredibly useful because it allows me to have full control over my money without relying on banks or governments. The lower transaction fees and transparent nature of Bitcoin make it a convenient and secure way to transfer funds. Its accessibility to anyone, regardless of location or banking infrastructure, is truly empowering. Moreover, the limited supply adds to its value and makes it an exciting investment opportunity. Bitcoin has definitely improved my financial freedom, and I'm grateful for its existence.
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Honestly, my take on bitcoin lending is that it can be quite risky. While it offers potential interest and an opportunity to increase your asset holding, there's always the chance of default or unforeseen complications. Personally, I wouldn't try it due to the inherent risks involved. It's better to be cautious with your valuable assets.
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When it comes to borrowing money to invest in Bitcoin, there are a few things to keep in mind.
On the positive side, Bitcoin has a history of shooting up in value, and lots of people believe in its long-term potential. If you borrow money and invest it in Bitcoin, and things go well, it could be seen as a good debt. You could make some sweet returns and grow your wealth.
But here's the thing—Bitcoin can be a wild ride. It's known for its crazy volatility, which can happen pretty fast. So if you borrow money and invest it in Bitcoin, and things take a nosedive, that could be bad debt. You might find yourself in a tough spot, struggling to pay back what you owe.
Before taking the leap, you have to consider your risk tolerance, financial situation, and how much you know about investing in general. Take a look at the interest rates on the borrowed money, how much you're borrowing, and whether you can handle any potential losses.
Remember, it's always smart to avoid borrowing money that you absolutely can't afford to lose. Investments, including Bitcoin, come with risks, my friend. So think it through, maybe chat with a financial pro, and make a decision that fits your situation.
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