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1  Other / Off-topic / Re: Save wisely this year, piggybank or piggybitcoin on: January 29, 2023, 03:07:59 PM
What a stupid way to reveal to the whole world your heights of stupidity by buying a piggy bank! LOL Grin Another folly you committed by creating such a topic and expecting merits. I am not sure what made you think doing such a silly thing investing in a piggy bank that gets eaten out. I also feel that you do not keep your house clean as you fiat got eaten by rodents while expecting a fortune in your sleep. It is another classic case of being bitten the hard way and then realizing the reality. Welcome to a decentralized economy the hard way!! Cheesy
I thought this platform does not accept derogatory words. Anyways, your words says a lot about you. Next time choose your words carefully.
2  Other / Off-topic / Re: Save wisely this year, piggybank or piggybitcoin on: January 29, 2023, 02:08:43 PM
Story of my life, 3 years ago, I bought a wooden piggybank for savings. My target was to save for 2 years before I opened it. I started putting money inside, until i realized the wood wasn't good enough so I opened it. lo and behold, termites has invaded  my save and destroyed my money 😔. Fast-forward to now, If I had used that money to invest in bitcoin, with good investment decision the money will be  secured and with increase in bitcoin, my money would yield interest.
Save wisely this new year, I'm starting my savings in piggybitcoin.
What plartformis piggybktcoin, I have it hard any thing of such before because saving every little bits can sometimes lead to you losing your bitcoin as some amount may be considered as a dust transaction especially if you measured the amount you want to save in you fiat currency knowing fully well how worthless some of this currency can be and saving them in small amount in Bitcoin such as it is obtainable with fiat.

So the piggy bank is more favourable to fiat compared to bitcoin, but bitcoin should be taken as a long-term investment since bitcoin is an asset.
there is no word or platform piggybitcoin, it's just a word I coined name from piggybank. You are right, piggybank is more favourable but  btc investment has higher return.
3  Other / Off-topic / Re: Save wisely this year, piggybank or piggybitcoin on: January 29, 2023, 01:59:03 PM
You have to choose whether you'll save it or invest it.

The moment you decide to invest in bitcoin, you are not saving money anymore as that amount could lose its value in the long run. Yes, I'm talking about the possible negative result as investing does not guarantee profit. However, if you are willing to risk, I'm sure you know how to manage that risk and you'll only invest what you can afford to lose.

Thing is, if you are just saving it in your piggy bank, inflation will hit you, but you still have that money when you need it.
you have a valid point. From my story, I prefer investing because investing will give me a higher return even though it will take risk of loss to do so. Normally, I save little cash which is same as investing what I can afford to lose. Both helps to achieve a comfortable financial future.
4  Local / Nigeria (Naija) / Breaking news on Naira note on: January 29, 2023, 11:57:45 AM
CBN extend deadline for old naira note till February 10.

Extending the deadline, Emefiele said, “Based on the foregoing, we have sought and obtained Mr President’s approval for the following: a 10-day extension of the deadline from January 31, 2023, to February 10, 2023; to allow for collection of more old notes legitimately held by  Nigerians and  achieve more success in cash swap in our rural communities after which all old notes outside the CBN loses their Legal Tender Status.

 Source  is https://punchng.com/breaking-cbn-extends-old-naira-deadline-till-february-10/
5  Other / Off-topic / Save wisely this year, piggybank or piggybitcoin on: January 29, 2023, 11:09:17 AM
Story of my life, 3 years ago, I bought a wooden piggybank for savings. My target was to save for 2 years before I opened it. I started putting money inside, until i realized the wood wasn't good enough so I opened it. lo and behold, termites has invaded  my save and destroyed my money 😔. Fast-forward to now, If I had used that money to invest in bitcoin, with good investment decision the money will be  secured and with increase in bitcoin, my money would yield interest.
Save wisely this new year, I'm starting my savings in piggybitcoin.
6  Other / Off-topic / Re: Procrastination is a dream killer on: January 26, 2023, 09:36:56 AM
Sometimes (maybe a lot) not having time to do something, simply looks like procrastination. I have found that both, procrastination and not having time, have often proven to be better. I found that I really didn't need to do lot of things that I put off for whatever reason. And the results were often a lot better than if I had done them.

Cool
you have a valid point here however, not having time to do something is another different thing all together. Procastination is delaying or totally putting off something intentionally. That definitely won't yield a good result.
7  Other / Politics & Society / Re: Do not waste your time on: January 26, 2023, 08:53:27 AM
Don't waste your time. Except if you waste it on Nexus.io.
Nexus is a next-generation
blockchain technology that is
re-building the internet
from the ground up.
You can reserve and use a spot that is changing the world. Join.

Note that this is something different than IPFS, which allows you to place your info on their site, and it can never be taken down. Why not? Because your info is encrypted, and it is stored all over the Internet in pieces. You'd have to shut down all or most of the Internet to take it down.
Quote from: https://ipfs.tech/
IPFS powers the Distributed Web
---------
A peer-to-peer hypermedia protocol
designed to preserve and grow humanity's knowledge
by making the web upgradeable, resilient, and more open.


Cool
thanks for this. I've join Nexus group on facebook. Will download the app to learn more.
8  Economy / Services / Re: [OPEN] Charity Signature and Avatar Campaign - Auction for ColdKey victims on: January 25, 2023, 03:41:13 PM
Are newbies allowed to join the campaign?  I would love to join.
9  Other / Politics & Society / Do not waste your time on: January 25, 2023, 01:39:20 PM
Spend time on things or activities that will change your life positively. Arrange your finance, invest and save wisely.
Stop wasting your time on Social media solely to view and comment on pictures only.
 Invest in something today
10  Other / Politics & Society / Re: Why does celebrity marriage frequently end in divorce?  on: January 25, 2023, 10:47:48 AM
This shouldn't even be a debate. If your marriage is causing you to loose your sanity, please divorce in peace either a celebrity or not.
11  Other / Politics & Society / Re: How to Sustain a new year resolution on: January 25, 2023, 10:17:00 AM
Most time we do all the above you mentioned but still achieve nothing.
First, you have to be convicted in your heart that you are willing to achieve that new year resolution.
12  Other / Off-topic / Procrastination is a dream killer on: January 25, 2023, 09:48:23 AM
While I was in school,  I always find excuse to avoid doing school work, I  discovered that I procrastinate a lot which caused me to perform poorly in assignments and exams

I had to help myself to overcome procrastination. I learned  the importance of setting specific and attainable goals for myself,I began to use planner to schedule my time and make sure I hold myself accountable.
With these strategies I was able to do my school work like reading and completing assignments at the right time. My grades improved greatly.

If you are planning to invest, do it now and in the future, you will be glad you did them.




13  Other / Beginners & Help / Re: My own way of advising crypto newbies on: January 24, 2023, 10:11:29 AM
Many people advise newbies to invest only what they can afford to lose but I have done this a few times before and as time goes on they get tired, if I ask them why they reply, 'I don't know it's going to take this long, I have come to realize that telling newbies to invest only what they can afford to lose is incomplete because they don't know how long it will take anyway and most aren't prepared for that.

Instead, I tell them to invest the amount they won't be needing for the next 5+ years, this prepares them mentally and physically, and those that are weak will give an answer instantly saying no way.

If one invests in Bitcoin he is not going to lose money anyways, the worst case scenario is holding longer than they prepared for, I am sure that everyone knows that the risk of losing money invested in Bitcoin has gone down a lot, keep buying with FIAT or Stable coin you don't need for the next 5+ years and you will be 🆗.
It's because they haven't gotten a better understanding of how btc works.
14  Other / Beginners & Help / Re: How many people read crypto exchange terms and condition this day? on: January 23, 2023, 10:52:52 AM
This happens a lot and It's because some people don't have the zeal to read long write ups 😄 which is bad.
15  Bitcoin / Bitcoin Discussion / Re: is it possible to invest in bitcoin to build a country whose economy is down? on: January 23, 2023, 10:13:47 AM
It's a no for me because of the volatile nature of btc. Bitcoin investment should be an individual thing.
16  Economy / Services / Re: [OPEN] Charity Signature and Avatar Campaign - Auction for ColdKey victims on: January 22, 2023, 02:14:14 PM
I'm a newbie, would love to join the campaign. Are newbies allowed to join?
17  Economy / Economics / Re: Can I take a loan to invest in bitcoin? on: January 22, 2023, 01:38:12 PM
My advice is the same with your advice. I don't like loans. I don't like borrowing money. I'm not comfortable knowing that I owe somebody a certain amount. But, who knows, if ever a time comes that I will have to borrow money, I might. However, it will never be for the sake of investment. It might be due to emergencies.  

But if somebody is to borrow money for the sake of investment, Bitcoin is a better choice especially in the middle of a bear season and if it is for long-term hodling.
If you say so. I'm also very scared of loan.
18  Other / Off-topic / Re: How do you stress release after your working hours? on: January 22, 2023, 12:49:03 PM
Sleep, then I make sure i get a good cum🤣, very good for the body.
19  Economy / Economics / Can I take a loan to invest in bitcoin? on: January 22, 2023, 12:40:00 PM
"Can I take a loan to invest in bitcoin" this question was asked by a friend

My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.

What is your advice?
20  Economy / Economics / Re: What is your biggest obstacle to achieving financial freedom ? on: January 22, 2023, 11:27:05 AM
My major obstacle is my stream of income. when you don't have good or multiple stream of income how will one invest, or even save.
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