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May 06, 2024, 11:52:14 AM *
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1  Other / Beginners & Help / Re: After Joining as a beginner what keeps you going on this forum? on: Today at 10:22:27 AM
...we can also attest to the fact that at a point we felt like giving up, most times the activities of the day gets you exhausted that you won't even have time to handle your phone to either read, do research or make post especially at the beginning stage when the merits is not coming
On the part of giving up, I think it doesn't happen in whatever we've interest in doing. One may be stressed out but not bored to the point of contemplating giving up. As for newbies coming in, I always suggest that they find sections of the forum that appeal to them as that will help energize their excitement to always return to the forum.

~snipped~
Why you forgot the privilege and incentivized part?
😏 Many users think mentioning that part will be sacrilegious, you know.
2  Local / Nigeria (Naija) / Re: Most P2P occured on WhatsApp, Telegram and everywhere on the streets on: May 05, 2024, 08:41:37 PM
That being said, e no dey safe to trade on social media platforms, vendor fit carry your money run oh, that is the risk when you trade in this way, and that is why a lot of us here choose global exchanges.
Dat wan com be like na im go pay pass as global exchanges now dey try avoid Alhaji Tinubu wahala by excluding naira pairs on their platforms. Make we continue to dey enta farm, make corn also continue to mature.
3  Economy / Trading Discussion / Re: What ways can a trader raise money? on: May 04, 2024, 11:50:11 PM
What will you advise, would you advise them that at a level when they are sure of their knowledge should try to convince other people they know to give them some money as investment or convince strangers to invest in them?
Nobody should try that. It's a recipe for disaster. Having mere trading knowledge isn't enough to win at trading because knowledge is theoretical while trading is practical. Except you meant if they became profitable they should speak to others to invest in them. Even at that, it's still not a good idea. Let people/investors come to you through your consistent result and then you read the riot act to them and make them sign an agreement that best suits you. When a budding trader goes soliciting funds they put themselves in a disadvantaged position. Don't do that.
4  Economy / Trading Discussion / Re: Meme coins signals group here on: May 04, 2024, 11:22:23 PM
I don't know if OP is a part and parcel of the pump and dump group they've advertised here but they should be careful. It's hard already to belong to signal groups that trade fundamental coins let alone one promising profits from pumps on memes. To be sincere with you, it's going to end in premium tears for participants. The best anyone can do for anyone is to teach them how to make use of bots if they must trade memes and not give them signals. Most pump and dump groups only benefit the group owners and their friends. Subscribers to their channels are their exit liquidity.
5  Economy / Trading Discussion / Re: Lack of capital or knowledge, which one is holding traders back from profits? on: May 04, 2024, 10:15:52 PM
Knowledge is the principal thing, whether in trading or in other endeavours.of.life. Without knowledge, we wallow in ignorance and grope in thick darkness.


I also had the challenge of getting capital that I can use for trading because I was depending on my trading profits until I got to know that trading needs a trader to have other jobs because you can not only depend on trading profits when you do not know how to trade excellently.
Well, on the part that traders should get other jobs to survive on until they're good at trading isn't an out of the space advice. It's the right thing to do. No one depends on a skill they don't have a mastery of. It cuts across.

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What can you say about this two problems, how will you advice a trader that is suffering from any of this problems or how did you get out of the problem if you had suffered from having lack of capital or lack of knowledge. Which of this problem is more common among traders?.
Novice traders arrogantly blame lack of capital for their woes instead of their lack of knowledge. With set skills acquired, any trader can grow as little as $5 into wealth through compounding. All it takes is patience to get right entries. I'm not talking of trading memes. I'm talking of trading genuine and fundamental projects. It's doable.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance Launchpool, a possible earning opportunity? on: May 04, 2024, 04:51:04 AM
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A little more than 0.85 BNB and $3,500 in FDUSD, to be exact.
Oh, ok. I got in total slightly over 11 of that token. I like staking on the BNB pool because more allocation goes to it. I once staked the same equivalent amount on both pools to farm a certain token and discovered I got more allocation on the BNB pool.

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I've sold the majority of my coins earned from Launchpool, some immediately and some during bull market periods, and I'm generally satisfied with the returns. I'm now holding the latest ones, hoping for another major pump.
I know it's your decision to make but don't you think you're selling them too early? For me, I think it's a big risk selling off any token from Binance launchpad before bull season because I know they will pump. Binance has a way of doing that magic. I can quickly sell off once tokens are release because of dump but I always find a way to get in back. That's my strategy, and until there's a pronounced bull run that will remain my strategy.
7  Bitcoin / Bitcoin Discussion / Re: CZ Sentenced, Your Bitcoin in their Custody on: May 04, 2024, 04:33:34 AM
Not your keys, not your coins... the exchanges, when used, shall be a means to just purchase and withdraw, in my humble opinion.
Just like not your pin/password, not your fiat in banks right? Whenever I read people make that assertion of just buy and immediately withdraw out I know those who aren't trading. It's that simple. By the way, what tells you you can't lose your coin even in your noncustodial wallet? This space is full of uncertainty or haven't you read about campaign managers here who got their wallets hacked?
8  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you taking advantage of this red market? on: May 04, 2024, 03:45:58 AM
I think people should take this as the perfect time to buy the dip while the dip exists now.
I like it when I see people with this mindset instead of panicking over nothing. Every major dip is an opportunity to get into the market and buy our favourite tokens. I've been doing that in bits. Until the last quarters of this year, I ain't going to be scared of holding a falling knife. Paper hands will regret not utilizing this buying opportunities they're getting now.

Many Bitcoin investors didn't envisage that price will go this dip, and now it's happening, if anyone has the funds to buy now, they don't need to hesitate and hoping that price will dip further, because the market is volatile, you don't know when price will start rallying upward.
Yes, that's true. Many didn't but those that did  saw this coming that price would dip after halving. That has always been the practise with Bitcoin circle. Bull run doesn't start immediately after halving. It takes a few months to kick off and that's why the impatient among those who feel buying Bitcoin is a shortcut to riches get discouraged and sell off prematurely in loss. Patience is key in this industry.
9  Local / Nigeria (Naija) / Re: [Bitcoin] List the exchange that offer p2p on: May 03, 2024, 08:36:48 PM
Our wicked polithiftians and their cohorts dem fit there here dey snoop around and use your update begin witchhunt these new exchanges wey users go drop now. Anyway, whateva wey dem dey do now dey should know that cryptos have come to stay. Wetin dey surprise me pass na the strength wey dem dey take attack cryptos and anything related to progress for youths. Honestly, Tinubu wan finally take this country several years backward. So, we should not do owa P2P on peace anymore.
10  Bitcoin / Bitcoin Discussion / Re: Do not get discouraged by the current price of Bitcoin on: May 03, 2024, 07:19:23 PM
It has been only a couple rough days, we are back on track now!
But of course, it's obvious Bitcoin isn't done with upward movement yet. In fact, now isn't even the right time to short Bitcoin. Those who trade Bitcoin should be out looking for buy opportunities, not sell. I'm sure those who sold a few days ago when the market experienced a dump will be regretting doing that now. Well, I don't know if Bitcoin will fully recover from here to the upside or it will still dip again to the $52k region to test it as there's a strong support down there and a gap for it to cover.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Renzo Airdrop on: April 30, 2024, 10:48:34 PM
Plus the gas fee om claiming is quite expensive hope the price is worth the claim of gas since its gotta be on eth network.
It was the same thing that discouraged me too. I'm always weary of projects using the Eth native chain for its claim or swap. That's a joy killer. I rather not participate at all than participate but not being able to receive reward due to high gas fee.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance Launchpool, a possible earning opportunity? on: April 30, 2024, 08:36:32 PM
The 46 coins I acquired through farming are less than $10 worth, and this is probably the first time I've experienced such a floppy launch.
That means you staked around 4 BNB to farm Rez. I also farmed it. Well, for me, I won't say it was disappointing because I didn't expect it to worth much. Once I see so much tokens allocated for launchpad for farmers, I do a mental calculation after day one to have a vague idea of what I should be getting at the end. Anyway, I don't concern myself with what price is upon any listing. I've never bothered with that because I don't intend to sell any token from Binance launchpad yet until the bull rally gets to its height.

One thing I've come to observe is that Binance now has more launchpads at short intervals unlike when CZ was running the exchange.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: Should the top altcoins now be ok that we are in bull run? on: April 30, 2024, 07:03:43 PM
When i first started crypto over 2 years ago I was constantly told altcoins are risky and you should only invest in Bitcoin & Ethereum but i have had no problems at all.
Possibly, you're hodling strong fundamental altcoins and that explains why you haven't run into regrets of loss. For real, altcoin investment is risker than Bitcoin investment as most of the projects are only repeating what others before them have said or done. Most of them just want to scam and rugpull. You better be careful and don't let loose your guard thinking you can't lose all with altcoin.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Will MemeCoins Fuel the Next Crypto Craze? on: April 30, 2024, 06:06:30 PM
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...this makes it hard for investors to have confidence in memecoins unless for those that want to gamble with they funds.
Bros, nothing spoil. I understood your position better now on meme history and creation.

Talking about confidence, I'm even of the opinion that no one should be so confident about any altcoin investment. Nothing is ever guaranteed in this industry. I won't even give Bitcoin 100% vote of confidence. This industry is full of uncertainty. Investment in memes should be seen as investment in alts with higher risk like what we've in Degens and that's almost the same thing that happens with casinos. However, the slight difference with casinos is that with memes, people can be lucky if they invest very early and the project doesn't rugpull. There are sites to check for liquidity lockup of projects and onchain analysis to help know those that are likely not to scam. It's a lot of work doing all that research, anyway.
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Ionet Ignition Progam Airdrop Campaign on: April 30, 2024, 04:08:44 PM
However due to the excessive amount of projects it’s a bit difficult to separate which ones are scams. We just submit our wallets and click a bunch of buttons and soon we’ll see our wallets drained.
Submitting wallets isn't the same thing as linking or connecting your wallet. To submit wallet, you just copy and paste the address in a tab provided for it on the site by project. Pasting of address won't give a site a direct interaction with our wallet like when it's connected to it. However, I advise that even if it's only going to copying and pasting of addresses, get a burner wallet for it. You never can tell if the project will later demand that one should connect to the wallet from where the address is copied from in the first place. Scam projects can think that way and those who submitted addresses will be faced with the dilemma of continuing with the airdrop or not. So, to be safer, use burner wallets for every airdrop hurting.
16  Economy / Speculation / Re: When will the real bull run begin? on: April 30, 2024, 02:55:55 PM
~snipped~
One thing I notice with people about this bull run of a thing is that they calculated the date of the halving and decided to set a date to take profit, which isn’t right.
Those who set date to take profit instead of price level are getting it all wrong. The target should be on price, not dateline. For instance, my projection of price was (is) that it would be in the $120k – $150k range to give us a new ATH. That was a painstaking calculation I made late last year, not knowing that Bitcoin would even break its own previous ATH before halving in April. I have my strategy of taking profit in place, this hasn't changed despite how Bitcoin broke its ATH record before time. Yes, to me, it's looking like Bitcoin will surpass that $150k range but I'm not going to allow greed change my approach on taking profit. I think newbies should also set their target before the bull frenzy sets in and greed takes over the market.

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My advice has always been the bull run could come anytime, it could come earlier than the past trend or even come later than it. Just hodl and set a target price to take profit, any time it gets there you take profit.
Exactly! That's an intentional way of relating with the market without getting burnt out. Those who take profit gradually at their strategic points won't regret it.
17  Alternate cryptocurrencies / Altcoin Discussion / Re: Will MemeCoins Fuel the Next Crypto Craze? on: April 30, 2024, 08:01:05 AM
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Most of the times, despite the fact that memecoin haven’t made that debut market entry and impact where the price benchmark can reflect on the general crypto-currency market...
No, that isn't actually accurate. Memes have been making serious waves in the market even since last year, that's excluding Shiba Inu and Dogecoin presence. Look at the memes on the Solana chain and see how much in revenue they've raked in for Solana. Let's just even look at Bonk and WIF alone. See how great they did and are still doing. What about TonFish on the Ton chain? What about BRC20 coming up on the Bitcoin chain? Memes are doing well now, though they're highly risky. They're the gambling part of cryptos. They can flip small cash but at the same time can cause one to lose all.
18  Economy / Speculation / Re: bullish & bearish community !!!! on: April 30, 2024, 04:26:47 AM
what is the meaning of bullish candles  or bearish.. it's all fake.....all manipulated.....no politic...no TA ...no FA....
No TA and FA aren't a big joke like you wrote in your earlier post. You need a good knowledge and use of either of them or both to be profitable in trading. In fact, FA drives the TA. Look around with news and how it affects the market whether positively or negatively. If there's a hack today, just this morning, of let's say Binance exchange; what direction do you think the market will head to? Of course, you know where. FA and TA aren't just a manipulation of bots. They're real happenings.
19  Economy / Economics / Re: Surviving in this economy needs a new minds set on: April 29, 2024, 11:46:46 PM
This makes me to think and have come to the realization and conclusion that surviving in this present economic situation needs a total different mind set such that will make you to think out side of the box
Seeing this post, I took a guess that you're either from the same country as I am or from another African country. Africa is a continent where politicians say something they don't  intend to do. They know they can do all that and get away with it as their citizens hardly hold them accountable. It's a big shame. To make matters worse, the same thing the politicians do with unfulfilled promises is what those in the religious circles also do. Every new year, there are declarations upon declarations of prophecies that don't come to pass. Yet, their congregations still worship and adore these pulpit bandits like they're worth anything other than their mere speculations.

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Investing in crypto currencies like Bitcoin is not a bad idea at all
Yes, it's really not a bad idea. However, it's paramount to know when to invest and also when to take profit. Otherwise, one won't have a good story to tell about Bitcoin/cryptos.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Do low fees matter most in choosing crypto platforms, or other factors? on: April 29, 2024, 09:20:27 PM
I prioritize the safety of my funds over transaction fees while choosing exchanges. Safety first for me and that's why I will never subscribe to any exchange with a trust score less than 8/10. I can't risk my capital over minimal difference in fees. Most of those scam exchanges might even deliberately reduce transaction fees so as to get in more people to their platforms to scam at the end.

However, if I'm choosing coins/tokens to buy I look at the chain they're on. I do this to have an idea what swapping or withdrawal fees will be like when I'm selling off. This is why I always avoid Ethereum based projects. Fees are scary on them.
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