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61  Local / Nigeria (Naija) / Re: CBN Mandate Banks to Use Social Media Handle for Customer's KYC on: June 24, 2023, 11:37:42 PM


Now, Wetin Una think? Abeg say your mind.

With this kind news the poor no go still breath, e no suppose be necessary if you dey fill up bank form, such space should be marked as "Not necessary" cos almost 80% of Nigerian are not using mobile phone, those wey get phone sef no even get social media handle, only WhatsApp and Facebook. To me this is waste of time and inappropriate to use know your customers, a simple NIN code is enough because that suppose contain all information the bank need, that's all.
62  Economy / Economics / Re: Look for what to invest, not what to eat on: June 24, 2023, 10:37:49 PM
I'll like to ask you op, if you a given food knowing you are going to die the next minute and you are given money to invest in something that will yield profit in next 3 hours, which will you choose, to eat food to survive or invest and die without enjoying what you invested. How does it sound to you, awkward right? Now, some people cannot survive hunger to the point of selling BTC at lost for them to eat while some can withstand the hunger urge to benefit from their investment, it's all the category you fall in.

The most important thing here is for an investor to know exactly their own category so they wouldn't waste much waiting for crypto to rise, and most importantly, crypto is not for everyone, that's why some people creates problems if they invested through someone, I'm one the example of this scenario, I couldn't rest because someone invested through me and it's going to two years now and not profit yet, he kept on complaining to me that he used his last funds for the investment that he wants to eat out of the money. What do I mean, some can't stand while they are in losses. So it's best you know your own category.
63  Local / Nigeria (Naija) / Re: Whats thought on this on: June 22, 2023, 10:58:29 PM
As we all know that bitcoins is best productive for investors when they go for long term investment, what do you think about  investors who are affected by the economic situation of their country. should such person keep holding even when things are upside down knowing fully that the only hope is to sell their bitcoins even when it has not yield any substantial profit so that they can meet up with life.
Share your thought as regarding this matter.
Before someone should start investing in Bitcoin, such person should know if he be long term or short term investor, crypto as a whole is not for the weak or a money earn quick platform. If their is a a need for him to sell off his assets for food, that's no a problem, if holding is good for him while he had other source of income, that's also fine. But I would assured you that, bitcoin is not something you buy and get rich that very moment, nah, that's false.

64  Alternate cryptocurrencies / Altcoin Discussion / Re: Difference between pi and bitcoin on: June 22, 2023, 10:49:41 PM
Hello guys,I learnt that pi network is a crytocurrency that is beneficial in the community ecosystem that you can mine with,I want to know their clarified differences and if the pi network and bBTC does same functions.

When it comes to mining, it does require a lot of power and high electricity with lots of connection, mining cannot be done on a mobile phone, which pi claims to be doing it on mobile phone of low capacity, that's some sort of faucet if I'm not mistaking calling it mining, it doesn't work that way.
The last time I read pi network white paper, they indicated they'll be running like a Blockchain technology where users can stake their token through a validator, up till now, they haven't fulfilled their promises while the so-called miners are still hitting the mining button for a couple of years now without gotten anything. It's a waste of time to be mining pi network, it's just the beginners that have zero knowledge about cryptocurrency is falling for these scammers.
65  Bitcoin / Bitcoin Discussion / Re: Bitcoin on The Island of Bali, Indonesia on: June 22, 2023, 10:30:24 PM
Yeah, most of the Asia countries have difficulty in transaction in crypto and only value their own means of payment, many clients I've dealt with never wanted to do business with me because I mentioned crypto, not because they don't like crypto but they find it hard and difficult to get themselves verified on crypto platform and they suffer a lot of strict restrictions. Your governor has his own reasons to not allow crypto payments to be accepted and I would ask why.
On the other hand, if the restrictions on crypto payment would be the reasons why someone can't come over to your country for vacation, what means of payment is suitable for foreigners, can you guys accept Gift Cards?, because that is the only way an outsider can exchange payment when on vacation I guess.
66  Local / Nigeria (Naija) / Re: This increment of Fuel price in Nigeria on: June 22, 2023, 09:51:47 PM
To me e get inside fight wey dey happen among and between politicians that is affecting the citizens, politicians know what they are doing for their own respective benefits, the price of fuel will continue to dey increase until the poor can no longer breath, believe me. It's not new things to me again that the country is acting this way, It had been like this from when I was small, wetin vex me again na the price of pure water wey take style increase him own matter, imagine a bag of pure water jump from 250 naira to 400 naira, e no make sense at all, and all this price increase now na fuel dey cause am,

Another matter na police harassment, I've been harassed so many times cos I'm looking good as a young boy, where did I get the money to buy this big powerbank in your hand, look at the kind of phone you are using, which work wey you dey do, who be your papa, call am say we don arrest you, you be yahoo boy. You go tell us where you get the money from to buy all this things, play play 20k comot from my hand o,, these two issue of fuel increase and police harassment are one of the reasons people leave the country to settle another African side, it's annoying.
67  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bounty 3.0] COMBO Network ex COCOS-BCX | 🚀 100k USD Worth of Tokens 🚀 LISTED on: June 20, 2023, 08:48:42 PM
#Proof of Authentication
Bitcointalk name: Omgitsmehehe
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=69561;sa=summary
Bitcointalk rank: Full Member
Current post count: 514
BSC Address: 0xC3B0AdE4a4FD233b5efc8d609d7576dc3e321EB5
68  Economy / Trading Discussion / Re: What is your honest review of the Demo account? on: June 16, 2023, 09:48:32 PM
I like to test some strategies there as well, that's a good method. I mean I know that its not that easy to find a good one right away, so why not try it on a demo account first and see if it will hit and it will be good, if not then I could remove it. That way I can spend as much time as I want to on testing it, literally could have 10 different accounts and 10 different strategies running together for many months before I make my decision. No need to rush, no need to make a decision, I am not losing any money anyway, its just free. This way I make sure if it works or not, and if it keeps on working for many months then I give it a try. It may end up failing even after that, but the ones that fails on demo usually end up being the worst ones so its much better not risking any money this way.
Trading requires more techniques in handling our trades, I do triggered trades on my own without the knowledge from others, whenever I noticed an entry, I immediately triggered my positions and setting TP and SL, sometimes I earned and sometimes I record losses. Failing and attempting again is what basically results to consistency, the only way to keep pushing until one achieve the ultimate target in the market. Executing different strategies is recommended inother to select the one that best suits our trading style. Demo accounts do prepare us for we should expect ahead, because it's not a live account and we have absolutely nothing to lose.
69  Economy / Exchanges / Re: What's next? on: June 15, 2023, 06:43:04 PM
There will always be the other guy.  Cheesy

In old times, we don't really have an exchange, and yet the crypto industry grew even without it. And there's more out there, it's just that Binance is the popular one. Long ago, it was not. Poloniex and other names are the ones on the top of the crypto exchange industry.
So what's next?
Another exchange will be hyped and we are all going there. That's just how the cycle is.
But, that is if they can really take down Binance. Because of how much it grew, they can hire all the best lawyers in the world if they want to be protected. And CZ is not a fool, he knows what he is doing and I doubt he is not prepared for all of this. It will happen one day and that is now. Now, all he has to do is act legally.
Binance is ranked first on chart when it comes safest exchange in the crypto space. It's largely functional for traders and investors. Binance is not overhyped, it's worth they hype because of gives and solved the complaints of their users, with ease actions. As a matter of fact, I triggered most of my trades with binance, I don't noticed about any fault with the exchange,  I guessed maybe his opposition is fighting CZ inother to degrade his position on the chart. Changpeng Zhao is capable of handling the tough challenges facing his team and binance.
70  Economy / Trading Discussion / Re: What's your favorite crypto;Bitcoin on: June 13, 2023, 11:31:12 PM
People still choose the bitcoin in the end because it's already proven the possible ATH and downs of it, and altcoins most likely follow the price movement of the bitcoin. This is why they keep choose of it, but there's all of the people now are holding bitcoin but in profit wise people still prefer the potential coins that gives them a profit somehow, they are using Bitcoin as one of their safe havens.
In this have the same thinking of investment. We don't settle for only one pot.
Ofcourse no body is planning to settle for less, targeting a promising project and hitting it when the time finally comes, no room for excuses. Bitcoin is my favorite crypto because it's served big aides to me in the past and present, and I never doubted the project, it's 100% legit. Bitcoin is the answer gotten from the majority, it's never too late to start in bitcoin because it's a top project in the market with high trading volume. It's movement alone influences the movement of other altcoins in the market. 
71  Economy / Trading Discussion / Re: Is Technical analysis a must know in crypto trading? on: June 13, 2023, 11:22:32 PM
Learning from a legit source and getting the require tool for trading the market independently, it's a gradual process with estimated budgets.  Ofcourse technical analysis is the one important thing we should as traders, there's no time for reluctancy. Technical and fundamental analysis are the two basic concepts a trader must know before going into trading. It's definitely a complex path concerning trading but the newbies and pro traders ought to know the basic necessities of trading, I'm already acquainted with these trading strategies.
72  Economy / Trading Discussion / Re: What your opinion? on: June 13, 2023, 10:44:11 PM
trading is not an investment but a little kind of it tho, because your time spent on trying to make money trading is you investing your whole mindset over it. investment doesn't have to do with much of your time, just your research is ok, in the side of trading u have to analyse the market for you not to trade in the opposite direction of the market if not you are doomed. trading has a lot hommie if you can face it then you can go for it.
There are many things to apart from trading in the market, investments like opening a large retailer shop or a boutique. Even in cryptocurrency, there are many complex sections to understand in the market, buying and holding for long term, which is a good illustration of investments. It's stress-free with significant returns specifically when the market pump, but we displayed sad faces when the market is not going in our direction. Trading is not an investment rather its the activity that keep traders going on and steadily on daily basis.
73  Economy / Trading Discussion / Re: Need signal service on: June 13, 2023, 10:26:39 PM
When you are completely dependent on others, you will always face big losses. And if you continue to trade like this only following other people's guides, you will learn nothing that will not be of use to you. So if you don't have time to analyze then forget the trading plan and focus more on where you can spend your time. Because knowing some things is not useful nowadays.  Whatever you do, you must be an expert at it, so you can do it well
The market is broad and alot of things do go on the market day. Signals are only needed where the investor have no time to operates around, looking at charts and making boring decisions that will make one be profitable or loss.i totally understand how the market operates, and I tell you for free, the market is never designed to help us, rather it was designated to liquidate our trading accounts. The whole purpose for learning trading is to earned from the market with good entries.
74  Economy / Trading Discussion / Re: Trading addiction, are you coping? on: June 12, 2023, 07:07:47 AM
I have been seeing people that are mostly addicted to trade and the problem is thanthey keep losing money and they are not even ready to stop trading. Some will keep borrowing money and trying to eseb profits from the trade to pay but the contrary do happen mist time. We need to advise this kind of people to stop trading although it might be very difficult but we just need to be very careful and make sure we are doing things right so that it will not affect us or make us do things that would keep putting us in problems because we are owning lots of people money.
Addiction is probably one of the bad factor that influence the young minds in the trading space specifically the newbies. We know what we want and trading with good solid strategy. Loss is general and applicable to everyone even the pro traders do record losses in their trade. Losing without improved plans is just wasting your money, one will never learn it right if he or she always place multiple trades without mapping out crucial plans. For instance, any trade that have kept me waiting for long, when it finally triggered,  losing more than twice in a day, I immediately stop, because anything further than that is considered gambling with the market.
75  Economy / Trading Discussion / Re: Gambling is different from trading on: June 12, 2023, 01:53:55 AM
Gambling is totally different from the trading,the gambling needs luck and trading needs analysis of previous chart history.When you had learned of chart of previous trades,then easy to find the investment price.Then it also help you to know how much rise in the price of certain coins, which is best price to withdraw your funds with the profits.In gambling,you should do background verification of your using gambling sites.
Both triggered both profits and losses. Gambling and trading shares different views, gambling is easy to start betting on games because it doesn't require any thorough process unlike trading that one needs to be actively ready to ready trading related books, inother to mastered the whole idea of trading. There's nothing like the word luck exits in trading, it's absolutely what you know that one need to make crucial analysis on the market. I'm so much interested trading because it's more reliable than mere gambling that mostly results to addiction.
76  Economy / Trading Discussion / Re: How to maintain profitability in crypto trading on: June 08, 2023, 11:32:39 AM
I think that the important point here is to regularly analyze your actions and, based on the analysis data, already make the right decisions. Otherwise, the trader usually does not get the best result.
I don't open entries on trade until I see a good setup that matches with my trading strategy. I'm convenient with the Support and Resistance zones, that's when I do enter my trade, waiting for pullback also boost my chances of good profits. The whole process keep repeating in some days in a week, I'm always ready to hit the market with my strategy. I'm prefer sticking with one trading strategy will boost the confidence of triggering trades. Profits are made on a regular days, but not all days, we prepared our mindset for the losses.
77  Economy / Trading Discussion / Re: A opinion on regrets on: June 08, 2023, 11:07:48 AM
In my opinion, this is normal when experiencing regrets. But for sure, don't let regret interfere and affect our condition to get worse. while in fact, these regrets can be used as lessons and motivation for the future. We still have the opportunity to get profits from Bitcoin or other cryptos as long as we understand the methods and strategies.
Regrets are one of the painful experiences of traders, some missed out on big solid entries on the market, either its on buying altcoins or triggering good entries on trades. I've been in positions on buying gigantic pieces of bitcoin, but threw that away simply because I was frighten that it will not have any value in the future, now look at the present value of bitcoin, counting in high figures. But there's always a second chance, bitcoin is very potential project that will explore our portfolio in the future, I'm taking my chances and investing all my fiat currency in it.
78  Economy / Trading Discussion / Re: 7 tips to know about crypto trading on: June 08, 2023, 10:58:52 AM
There are certain tips which we should implement while trading but we can't say we will do perfect trade with them because experience traders also makes mistakes sometimes but they learn from their past mistakes.Like you said about borrowing money is risky because a coin can go down literally to low levels making it hard or impossible for you to repay the loan so we should avoid it but there might be some traders for whom it might have worked and they find it good but that's not the case always so you decide what's good after real experience and your journey.
Crypto is not a get rich quick scheme, we ought to know what works for us and adapt good trading strategy. Our plans differs, option A trader plan might be different from option B, we just have to stick to our plans. The market is unpredictable and some days we make so much profits than our targets, while some unlucky days, losses are recorded, that's completely how the market operates. I'm acquainted with it, and caught our expectations short, no one knows the outcomes of the market, I simply advises we trade with caution.
79  Economy / Trading Discussion / Re: Risk management on: June 08, 2023, 05:01:20 AM
You're just giving a common advice, everyone already know it.

You should explain about the spot trading, future trading, and margin trading, then compare to each other and how to mitigate risk of each of them.

Don't forget about how much the stop loss someone need to place, does it's -5% of the price you bought? -10%, -20% etc.

People who're not a trader already learn about only use what you can afford to lose.
Losing is normal thing in the market,  no onne will criticize you for losing, because even the pro traders records loss on their accounts.  Diversify into trading categories, spot trades which is more simpler than future trade, but future consider the oil well of generating profits in crypto. I will also push into talking about ways to avoid losses, which leads us directly to risk management, it teaches us everything concerning the basic necessities we need to implement inother to reduces our losses. It have kept me going for years in the space, and I don't regret any bit of understanding my risk management, adapting to it and practicing it.
80  Economy / Trading Discussion / Re: Tutored or you learned how to trade? on: June 06, 2023, 09:58:22 AM
Regardless of whether you choose self-learning or seek guidance from a mentor, it is important to understand that trading is a process that requires time and practice. Even with a mentor, initial losses can be inevitable as every trader goes through a learning curve. It is important to learn risk management, develop strategies, and constantly improve your skills. Self-discipline and patience also play a crucial role in achieving success. Once you grasp the basics and gain sufficient experience, you will be able to reduce losses and increase your profits
Trading is difficult, but with determination and consistency, everything is possible and achievable. Most mentors will innovate strategy convenient for them only and forget about their mentees, of course everyone is after the strategy and profits, so one should be able to thoroughly go through complex PDFs to grab new things, no knowledge is lost, the more reason we learn every day. Losses in a trade can never be circumvented, but they can be mitigated; even skilled traders record losses on their trading accounts. It's a fact we must accept: there is no metric for what we tend to achieve and lose.
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