Greetings my fellow Naija people.
I don't know why some people are still falling into the traps of those people that will call you for phone or meet you one on one and introduce fake decentralized investment, that if you invest #100,000 you will get #200,000 within a week.
Na pure greed dey cause am, nothing else. Nor be juju, at all. As long as people continue to get greedy, scammers will continue to thrive. A few years ago, somebody tell me sey she go like make I invest for her if the investment go fit return profit of 50% withing two weeks as I dey try talk her to buy Bitcoin and hodl. I tell am sey it was not doable, 50% was not achievable. She shockingly told me sey na dat type of investment she dey find. As for d advice wey you give your friend, na d right thing you do. |
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While what you said is true, let's not forget that there are newbies who have impacted themselves with the knowledge of crypto before joining the forum. They only appear as a newbie in the forum not as a newbie in the crypto knowledge and exposure.
Some newbies have already gotten crypto knowledge elsewhere(social media platforms or the internet) before advancing to the stage they were to be advising other people on what to do or what to do in the crypto space. I have some crypto influencers I have been following off this forum, for quite some time, if you hear them speak or lecture you about crypto, you will marvel at where they got all the knowledge of crypto from. Such types of people can find their way through a friend that will introduce them to this forum by letting them know how the btt forum is(sharing information and lecturing people about crypto) and they might decide to join the forum to dish out their advice to the forum members in a way they can through their few posts.
Having said that, every one of us is free to dish out advice about bitcoin in a manner we can. Whether a newbie or not. We are all here to learn from one another. Being a newbie is for btt accounts not mainly on the amount of crypto knowledge to be judged with
You've salient points there. We do have users like that who already are knowledgeable in Bitcoin coming in here. However, what I don't find funny about such users is their haste to open topics and teach like there's something at stake if they don't teach. Ordinarily, one would expect a certain level of restraint from such newbies so they can observe how things are run here before displaying whatever knowledge they think they've acquired. It's even worse when such users unwittingly display their lack of indepth knowledge on the said issue they purport to teach. I think newbies shouldn't be in a haste to prove anything if they're truly genuine newbies. |
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What is your thought.
This "trading is gambling and gambling is the same thing as trading" kind of arguments often emanate from hardcore gamblers who seek justification for their losses as a way to get even with those who try to discourage their gambling habit. You're right about the difference in both – putting in the works in trading while gambling relies on luck. We know that in both (gambling and trading) losses and profits are made but we should also note that while one sells a product (trading), the other only sells an emotion/expectation (gambling). |
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In today's society we see many working women leave their children with the workers and go to office, those children are abused by the workers.
The tonality in your comment that "those children are abused by the workers" is misleading as it tilts towards fallacy of hasty generalization. You should create space for exception because not every maid is evil. On the topic, I think you got what Bitcoin does slightly skewed. It's never a career but it provides career opportunities the same way every inventions do for those utilizing it. Without being sexist, career in whatever Bitcoin offers is not gender based. It's for everyone. It's a neutral asset that doesn't give a crap who you are.
I like your choice of word there – an asset, more than a currency; it's. |
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In your opinion, bitcoin is an asset or a currency?
To the best of my perspicacity, Bitcoin is more of asset than currency. If not, how else does one get such advice to hodl it rather than use it? It's a simple logic for those who like to act like it's currency to unravel. Fine, perhaps what Satoshi had in mind while creating it was as currency but what the globe is making out of it is asset. Check the early prices of Bitcoin and what it's today, and so many of us are still speculating that it will even do more than a double of its current ATH after halving next year. Tell, if it's not as asset in such manner; what other explanation best fits it? |
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Also, the Bitcoin address –15VjRaDX9zpbA8LVnbrCAFzrVzN7ixHNsC supplied by the OP – Gavin Andresen in that thread doesn't seem to be recognized by Blockchain for whatever inexplicable reason when I checked just now. I don't know if it's a fault from my side. It's the same for another wallet from another user on that thread that I checked. This 1Dn51Rn2tmvARcsYkPe7Aw1sCAXw5oKnR Do we still have legit websites like this today that gives out free bitcoins?
That will be very rare to find. It's like looking for a needle in a haystack. The few that still exist only give dust now. The reason I stopped participating in faucets a few years ago was because of the tricks most of these faucets employed, frustrating and preventing participants from withdrawing once they manage to get to the unrealistic withdrawal threshold set by the sites. It's tantamount to slaving for nothing. |
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Some people don't want to be teach by someone responding with hate when they were corrected by people who knows more about something, in return they learn nothing and stuck with little knowledge that they thought they know it all
Those who don't want to be taught by others are more likely suffering from a sort of complexity. Arrogance and unnecessary ego are involved. Else, how can one assume they know it all when it's obvious no one is a repository of knowledge. - Surround yourself with people who are not greedy with information
Knowing this only comes by practical. You can't figure them out except you've dined with this lot. - Share what you learn from others let it be a cycle of learning, to help others also, remember people never hesitate to help you to learn, you should also do the same.
This here is the greatest key to receiving/getting knowledge from others. Those who hoard knowledge hardly receive from others. As a tutor you will get to understand that teaching is also a part of learning. Even those you teach can chip in ideas/suggestions/words during the course of your teaching that can open up different perceptive to you and make you see something differently. |
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Bitcoin to 1 Million is it really possible?
If Bitcoin could go from less than $1 a decade ago to over $68k in 2022, I don't see why it can't go to $1 million too. Bitcoin is more likely to hit >$120k this coming bull rally that's expected to get to its crescendo in 2025. From the way Bitcoin is toppling its ATHs to set new records every circle, $1 million is highly feasible; only that we don't know when that will be. Expect there's an apocalyptic disruption, Bitcoin will get there. Those who calculate market cap at $1 million per BTC to doubt this, should ask themselves if they ever thought Bitcoin could get to $1k a decade ago. |
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Transparency is paramount. Bitcoin, while promising substantial returns, is also unpredictably fickle. Market fluctuations can occur wildly and without clear reason, rendering Bitcoin more speculative than stable. The final call is your friend'. Your duty, though, is to provide the full scenario, not just the attractive slices.
Sincerely, I don't know why anyone should be dodgy talking to people about the complete embodiment of what Bitcoin is just to hoodwink them. It smacks of deceit. I believe those who do this are those who profit from referrals as they need more people to join in whatever scheme they run. While I trust Bitcoin investment in terms of stability more than any alts, the first thing I still do talking to anyone about investing in it is to let them know of the risk also associated with it. No business is immune to risk and loss. |
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~
That's good advice as a reminder, but do it as wisely as possible. Most of us advise that way – to do it wisely. However, I'm yet to see a man who believes in something but does it with skepticism. How wisely can investment be done except by investing in it? We can't continue to preach "invest cash you won't miss" when we know that there's no cash that can't be truly missed. For me, I don't think it should be any problem for anyone enrolled in a signature campaign to make out 10% of their weekly earnings to invest in Bitcoin it any alts on a weekly. 10% may look small but over time, gathered together, it's not. Even though there is a possibility of good returns after the halving, the risk must still be considered.
There's no business without risk even with all its good trappings. The greatest risk to take, they say, is not attempting the risk itself. |
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Just as my topic reads, we should stop stressing kids with wanting them do things we didn't meet up doing and at some points getting them mentally stressed.
I completely side with you on this. I'm sure if evaluated, even those who are supposedly saving for their kids may not have enough saved for themselves. I don't know if it's a case of people trying to sound woke or attempting to make their kids arrive earlier on the scene than their mates in future. On the main note, and this is very important, I do think it's wrong forcing stuff on others, especially trying to make others lead the type of life we regret not having. For those who are here now but aren't buying or saving Bitcoin (even if it's in bits) you're going to miss out big time once halving takes place. The surge in price that happens after that is a joy to watch. |
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You don't know the owner, but what makes you sure to deposit bitcoin to exchange?.
what makes you sure that your Bitcoin arrived safely and was not taken away by the owner?
I always thought that,
same as banks, I don't want to save it for long time, because banks often go bankrupt, and the owner run overseas.
We can't be too meticulous that we can't have an iota of trust in someone or a system. It's a state of paranoia not to. No one is an island on their own. We need others (whether we want to admit it or not) to forge ahead in life. What makes you believe that even not keeping it in banks for a long time won't expose you to greater risk at home or wherever you choose to keep it? Instead of trusting an exchange use a decentralized one which gives you full control.
I hope you read about the $3.3 million SushiSwap hack that happened in April or so, too. Sushiswap is a Dex, yet it also was hacked. |
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I'm too tired to read your quite long post,
I think it's a thing with OP when you run through his topics. They've to learn the arts of precis writing, among other things. I see a lot of comments that this thread is so long that it makes it lazy to read. But you need to know that the most important point is in the first and second steps to tell beginners, while the next step is to continue if they really start to understand.
I don't think anyone meant any harm saying that. It's just a fact they're stating. Don't take it the wrong way. Again, won't it also be thoughtful that you take note not to make your lectures to these ones you're teaching lengthy. The major thing that will interest most noobs about the teaching of Bitcoin for the first time will be the investment part. The technicalities around it will bore them. Making it lengthy will be a double jeopardy. Easier said than done. I wish it was this easy, but it’s not.. Raise your hands in the air if almost every time you tried to explain BTC/crypto to someone you couldn’t even get into the subject because they stop listening almost immediately? The toughest part of the discussion is not having them lose interest before you even get to your point  That cracked me up, for real. It's true. I came to the irrefutable conclusion that there's no easy/smart way to teach anyone Bitcoin if they aren't interested. I tried teaching Bitcoin to people around me a few years ago and most of them avoided learning it. It's just of recent they're asking for my attention to teach them. |
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Hello everyone, I have a new question,
In your opinion, is it worth attending blockchain events?
Is it worth it to attend events hosted in the medical sector if you're in that sector? It's the same thing with your question. Of course, yes. I think seminars and trainings offered in different sectors are deemed necessary and those who work in those sectors shouldn't hesitate to attend them. Again, attending such events will provide attendees an ambience to interact with one another. Development takes place when people interact with others. All that will be necessary if one is interested in building a career around such. For instance, I find it exciting attending seminars hosted within my reach which are related to what I do. I believe it should be same for others. |
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~snipped~
And you think such offence would be forgiven here If you were to be the Mod and Admin or even Theymos? I don't think you should deliberately misconstrue me to make a point. Remember the part where I said it was a crime both on this forum and outside it? You left that out? Again, OP didn't just copy another user's post; they consciously tried to pass it off as theirs by attending their own words to it. It's even a bigger crime than the regular plagiarism. That's why I said "I hope they do find redemption for this" type of attitude.or possibly trying to make payment to someone might even results sending the payment to the wrong person.
Especially that! |
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we shouldn't copy them directly to what they have posted before. We should try to use our original sense to create post instead of copying what others already post,
That's not even the issue. I don't think there's a rule against copying what others have said. The rule is against copying others without giving the credit to them. That's a crime, both here and in the intellectual world. It's called plagiarism or intellectual theft. There were one of two things OP could've done there and not have fallen into that crime that got them banned. The first would've been to put the sentences lifted from SamReomo in quotation marks to show there weren't his. The second would be to put a source link to it. I don't see how doing either of the two would've belittled the OP. I don't know what OP's real reason was for doing what they did but it's bad practice of them to have done it. I hope they do find redemption for this. |
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While I point out that no knowledge is a waste, I quite agree with you that every knowledge should be put to use. It doesn't make any sense to tell someone to expect a bull run soon but we don't have a single Satoshi we're hodling. Our knowledge of Bitcoin should be able to fetch us money through our investment on it, not just mere talks and evangelism of it. However, I think what makes it look like so many people don't hodl can only be attributed to the need to use it immediately it's earned from campaigns. This is common with those who don't have earnings elsewhere or in other employments. People don't save when they hardly can afford the basic things of life like food and shelter.
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My friend told me that using the Fibonacci tool in conjunction with price action is the most successful trading method. I'm attempting to investigate and learn about it.
To start with, Price Action (PA) isn't an indicator. It's just you viewing price movement in relation to candle patterns and guessing where it heads to. In essence, PA is trading handsfree. As for Fibs, I used that a lot when I began trading but along the line I realized there's no perfect way to draw it. It was more of guessing as it could be plotted or drawn from any top or bottom. By that I mean, top/bottom of 1hr, 4hrs, daily or weekly etc could be used and they give different vibes. For me, anything that's not near clarity in trading is second guessing and that's gambling. May be there are better ways to look at Fibs than I do and I wouldn't mind to have opinions on that. This day, I'm more confident relying on pivots, trendlines and S&R than any other indis. |
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~snipped
It could also be that because the market has already dumped so much for the past two years that we don't have much weak hands to be scared by what the security and exchange commission are doing to exchanges. When don't have much sellers left in the market and also if you observe the case, it has nothing to do with Bitcoin and the altcoins that it affects more are dumping and catching like wildfire. You could've a point there. However, I do think it's more of people getting used to Bitcoin always coming back from its near "death experiences" each time and deciding to hodl despite any FUD. Even those who FUD do so to get cheap entry. Investors aren't as scared as they were a few Bitcoin circles ago. Each circle has taught many of us to continue to believe in Bitcoin's reliability. Take for instance, a few months ago someone begged me to invest in cryptocurrency of my choice for them. Knowing how nothing is certain in this industry, I took a gamble with Bitcoin. I put the cash on Bitcoin. On my own fund, I would've invested on some alts and borne the huge risk. I chose Bitcoin because it's money I wanted to gain back no matter how long it took. It will only use up anyone's patience for whatever dip Bitcoin is experiencing to get back to profit. This type of mindset I didn't have a few years ago. In the past I would've panicked with each dump and sold off but not now anymore. |
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~snipped~
...and to some religionists, this is also applicable. I can understand your drift here because we're from the same continent and country. In the advanced world, people don't bring spiritualism and religion into a business space. It's because we're very sentimental and emotional around religion in Africa that we think it matters in business. No, it doesn't. In fact, I made it a principle not to invest in any project that has anything religion written in its blueprint. It often ends as a scam. I will try and answer the rest of the valid but lengthy questions you asked in the subsequent paragraphs in this comment and to that effect I posit that nothing can be taken as a certitude in this life. Life is subject to change and that's why change is the only constant thing in life. Ask those who became rich and famous now if they knew they would become this way today and the honest ones will tell you they never thought so. It's the same way when you interrogate the once wealthy folks who are in bad shape today if they ever thought they would wreck. However, I do know that before companies give out loans to their staff there are stuff put in place to protect the companies in the case of the inevitable. Again, demotion of staff doesn't easily happen except it's in companies run without rules. |
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