Naija Novice Hangout {Newbies introduction & Orientation} Thread.

[Charles-Tim]

For those using Finance's P2P P2P scam traders to avoid...

First of all, it will be good to correct Finance to Binance for people to be able to understand.

Nice one, but just a question, and just for the authenticity of your post, what creteria did you use before including such people into the list of people we should not trade with on binance?

Also, I have a suggestion, there are two types of p2p on Binance:

• p2p
• Express

For fast selling, express will be best option, but different price range and many buyers and sellers are in p2p. But, for fast trade and more reputed buyers, express should be considered.

But, more importantly, checking bank balance is very important to make sure the fund has been received, not through text message or email, but checking account balance online.

[1714719950]

1714719950

[Theoboy]

Money wey someone no fit use buy used car in 10 years, that one no be money. Money wey no make someone dey employed no be money, money wey someone dey collect and still dey suffer, no be money. Naija lack industry, and the government no care about the sector, na why we dey poor. See how the world are growing faster, Naija dey lack behind, waiting I see for N-power na suffering thinking na joy.

If we come look into the matter well, organizations wey suppose get full time worker, na them N-power go fill in, e be like casual job to me, casual job plenty for underdeveloped country because no job dey available. N-power na trash if we check ham well.

Me sef no knw wetin to talk abt the kind country sef. Plenty of us sef don tire comot hand frm all this country stuff especially this N-power matter.
The issue of industry; As I been the listen to 9ja news this morning I hear say dem 1 renovate the refinery wey d port-harcourt and e go cost Dem $1.5 billion.
I jst d laugh after we go hear say dem go collect loan from anoda country na so 9ja go jst d borrow
My own b say make we jst the put this country for our prayers ohh because nw ehh this situation don pass us. Make we jst the pray make e no pass as e b already

[Charles-Tim]

Another crypto exchange (Quidax) has included p2p on its platform after CBN ban

Another exchange known as Quidax that some Nigerians are using for crypto transactions havs included p2p on its trading platform, this was as a result of cryptocurrencies banned by the Central Bank of Nigeria. Although there are many other exchanges that Nigerians can transact cryptocurrencies using p2p, but I think this should also be disclosed.

To know how this works, you can visit the link below
https://blog.quidax.com/make-way-p2p-is-live-on-quidax/?utm_source=sendinblue&utm_campaign=Update_62_on_CBNs_crypto_love_letter_&utm_medium=email_medium=email

Note: p2p on Quidax is not yet supported on their app, it is only still available on their website, but with time, it will likely also be available on Quidax app.

[Smartvirus]

If una ask me how e go be via this new exchange 2ay just set so eh, I think say, e go dilettante very bad say we just jump into conclusion say them legit con start tonfey run matters with them. I no care watin them offer. Today cef, I find myself for one local scam scheme. Them call am, access investment conclusion decorate am like say na access bank bring up the thing to ensure say, scam no sup mean while, na them be the scammers way wan scam me.
So, e go good say, we investigate this new exchange matter well before we run any transaction with them. Make e no con be say, na your brother dey chop your money and you no know. E go bad well well.
So abeg, make we dey wise say, people dey wan make use of opportunity to mess other people up and with all tis catacata way happen, e no go wrong say, na watin wan sup be this. Make una open una eyes.

[Igebotz]

Another crypto exchange (Quidax) has included p2p on its platform after CBN ban

This exchange be like wetin motor jam ooo I no dey too gbadoo exchange wey Asians full am ooo.. Me go still dey manage my remitano. @joseflix you say wetin do dose pipo you list so? Which method you carry to show say na scammers dem be? Dem say abi you know?me no dey believe dem say dem say ooo make you no pour water for person stove ooo.. I no dey

[Charles-Tim]

This exchange be like wetin motor jam ooo I no dey too gbadoo exchange wey Asians full am ooo.. Me go still dey manage my remitano.

There are many p2p exchanges wey Naija full, but why you talk sey you no like exchanges wey Asia full when na Nigerians you go meet for there to exchange coins? I think that one should not be a reason why people should not use ham, but as for Remitano, the exchange good and na one of the p2p wey Naija like to dey use.

[Igebotz]

https://bitcointalk.org/index.php?topic=5326604.msg56652159#msg56652159

More to discuss...

[Becky666]

I greet una hia in de house, e don tail my peeps, no be small tin i battle wit life sickness seriously; i greet everyone for deir concerns nd prayers offered am back again. Mak God save us 4rm any form of sickness becus e no dey gud at-all, again una tank-u for keeping hia busy wit gud tori

[Igebotz]

I greet una hia in de house, e don tail my peeps, no be small tin i battle wit life sickness seriously; i greet everyone for deir concerns nd prayers offered am back again. Mak God save us 4rm any form of sickness becus e no dey gud at-all, again una tank-u for keeping hia busy wit gud tori

Welcome back baba we don ask of you tire I hope say everything is good now? Abeg join de telegram group pipo want hear from u

[Murpheus]

NEW TOPIC

Abeg e get anybody here were de provide liquidity pool, which pair ko fit make sense pass? I been think say risk no de for staking LP, but risk de small (or big infact) as two things de involved, price change and trading volume....
My problem be which pair de make sense pass..? And how much I ko need stake

[Charles-Tim]

Abeg e get anybody here were de provide liquidity poo

Nobody here can provide liquidity pool, only some kind of decentralized exchanges like Uniswap can provide liquidity pool in a way no need to make use of exchange order book which can lead to high transaction fee, this is common in exchanges that rely on gas fee in order to minimize the fee. Instead of such decentralized exchanges to rely on order book which will make the fee high, they rely on already deposited funds into smart contract as a form of pool which buyers can rely on for low fee.

I been think say risk no de for staking LP

Liquidity provider (LP) tokens, these are the tokens on Dex (decentralized exchanges) that are staked, these tokens are ETH and ERC20. Everything about cryptocurrencies are risky, but the risk can lead to potential gain or loss. Let me use some examples to illustrate:

Assuming you staked when ethereum price is $1000, and the price of ethereum decreases over time. Very possible for the LP to lose if his gain from the accumulated fee profit is not more than the amount lost from the price decrease of ethereum.

Assuming the LP have staked for some months and have gained from accumulated fee, if the price of ethereum decreased, he can lose. But later if the price increase back to the staked price ($1000), his gain will be from the stake profit from the accumulated fee.

But if there is a great fall of ethereum price, that means LP is losing already, if the loss is more than the gain from accumulated fee.

Which means the profit or loss depends on the accumulated fee gain and price deferential.

You can read this to know more about it:
https://pintail.medium.com/uniswap-a-good-deal-for-liquidity-providers-104c0b6816f2
https://uniswap.org/docs/v2/advanced-topics/understanding-returns/

[Igebotz]

$4 Trillion Worth Of Bitcoin Transferred across The Globe Without Banks nor The Government

My pipo dis na de amount pipo don transfer bitcoin including u cos u too, u don transfer as ur hand reach so we add ur money kwa to dat one, I try put am for Naira my phone screen nearly go blank. Shebi now una don see why d government dey fight bitcoin for everywhere cos de little choppings wey bank dey give dem from transfer charges nodey too come as before again all de fees dey go miners hand now. And dos miners na pipo lik us nobe government so na wetin dey pain dem for mind be dat. As e be lik dis so bitcoin don gooo moon.

[Charles-Tim]

<...>

Waiting we know be say nothing can stop bitcoin, if CBN no gree, nothing go stop people to use p2p, p2p will also count too. Just make I talk about it directly, the CBN no know how the banks are benefiting from direct bank-crypto transactions, having no valid reason cryptocurrencies should be banned for the country. But, see the transactions from fiat to bitcoin alone, this is a very high amount.

I go like if you include the link so we can read about it in details.

[Murpheus]

Abeg e get anybody here were de provide liquidity poo

Nobody here can provide liquidity pool, only some kind of decentralized exchanges like Uniswap can provide liquidity pool in a way no need to make use of exchange order book which can lead to high transaction fee, this is common in exchanges that rely on gas fee in order to minimize the fee. Instead of such decentralized exchanges to rely on order book which will make the fee high, they rely on already deposited funds into smart contract as a form of pool which buyers can rely on for low fee.

I been think say risk no de for staking LP

Liquidity provider (LP) tokens, these are the tokens on Dex (decentralized exchanges) that are staked, these tokens are ETH and ERC20. Everything about cryptocurrencies are risky, but the risk can lead to potential gain or loss. Let me use some examples to illustrate:

Assuming you staked when ethereum price is $1000, and the price of ethereum decreases over time. Very possible for the LP to lose if his gain from the accumulated fee profit is not more than the amount lost from the price decrease of ethereum.

Assuming the LP have staked for some months and have gained from accumulated fee, if the price of ethereum decreased, he can lose. But later if the price increase back to the staked price ($1000), his gain will be from the stake profit from the accumulated fee.

But if there is a great fall of ethereum price, that means LP is losing already, if the loss is more than the gain from accumulated fee.

Which means the profit or loss depends on the accumulated fee gain and price deferential.

You can read this to know more about it:
https://pintail.medium.com/uniswap-a-good-deal-for-liquidity-providers-104c0b6816f2
https://uniswap.org/docs/v2/advanced-topics/understanding-returns/

I been ask unto say I been want gather more info...
So on average how much were person fit expect as return?

[Charles-Tim]

So on average how much were person fit expect as return?

Like I have illustrated above, it depends on:

• Deferential price
• Accumulated fee gain

To understand more about it, you will really need to read the link I posted above, especially the one I post below again

https://pintail.medium.com/uniswap-a-good-deal-for-liquidity-providers-104c0b6816f2

But, to make it more understandable, if you stake ethereum and the price of ether increase, that means you are gaining already, but the main gain is from the accumulated fee, which is a certain gain that is fixed in percentage that you would have known before staking at all, but if the price of ethereum decrease, it will let the gain from the accumulated fee gain to decrease, and it can be to the extent it will take all the gain and also reduce the worth of your stake in dollars.

If you can stake little amount of money (I am not sure), you can try it out for you to understand it practically.

[Mpamaegbu]

I greet una hia in de house, e don tail my peeps, no be small tin i battle wit life sickness seriously; i greet everyone for deir concerns nd prayers offered am back again. Mak God save us 4rm any form of sickness becus e no dey gud at-all, again una tank-u for keeping hia busy wit gud tori

You survived Covid ni 🤔. Thank God as you show back here like showmax. The thing worry me small sha as we nor hear from you but the beta tory be sey you dey gidigbam now. Welucome back to earth.

[Igebotz]

<...>

Waiting we know be say nothing can stop bitcoin, if CBN no gree, nothing go stop people to use p2p, p2p will also count too. Just make I talk about it directly, the CBN no know how the banks are benefiting from direct bank-crypto transactions, having no valid reason cryptocurrencies should be banned for the country. But, see the transactions from fiat to bitcoin alone, this is a very high amount.

I go like if you include the link so we can read about it in details.

Check coinmetrics.io you go see the statistics and e get plenty things you go read too edey helpfull somehow. When you dey failed state no dey too expect oo

[Smartvirus]

I greet una hia in de house, e don tail my peeps, no be small tin i battle wit life sickness seriously; i greet everyone for deir concerns nd prayers offered am back again. Mak God save us 4rm any form of sickness becus e no dey gud at-all, again una tank-u for keeping hia busy wit gud tori

I greet you back my naija brother and you dey very welcomed back for our small corner. As e be now eh, we don shift for you make you seat down with the paddy them. We don dey wonder watin sup for your side since for the telegram level. E con be say, na sickness hold you hand. Sorry and thank God say, you don show back.

My people I hail una o. Mehn, I just fear myself now now oh, Jeez! I no fit believe say e happen like this o. Say person like me don dey 1 full week, no be half but 1 full week, I no talk anything for here... oh mehn,,, I dey fk o. Na waa o, e shock me just now. Make una forgive me abeg, I skip. How e dey happen na, watin dey sup...

[Charles-Tim]

My people I hail una o. Mehn, I just fear myself now now oh, Jeez! I no fit believe say e happen like this o. Say person like me don dey 1 full week, no be half but 1 full week, I no talk anything for here... oh mehn,,, I dey fk o. Na waa o, e shock me just now. Make una forgive me abeg, I skip. How e dey happen na, watin dey sup...

The thing be say we Naija no dey dedicated to achieve a local baord for now. you self still dey try, and happy say you leave here for a week and accept say make others no vex, nobody go vex because say you still dey try if I no go lie. But we Naija need to try improve and post quality posts and increase the rate of posting for local thread, this go really help us achieve local board. As the fact for now, we dey far from having local board o. You are welcome back, I hope say I go dey see you around.

[CryptopreneurBrainboss]

No bi lie, me self done tayah, only 2 or 3 people no go fit do am alone. I remember when I dey very active here but the discouragement come dey show face small small na e make I no come dey active again but I like wetin I dey sweet here.

Make una try I go show face too also incase of next time make we no go rush apply again na collective decision and we all gas agree to am. When the thread down reach like 100 pages na e we go fit get say. I don do my research them and also thread get to dey look like we need broad to separate our discussion since e don dey congested.

Na small small mbahhh turn goat, make we just dey take am easy, no rushing if God say e go happen we just dey one dey here say Oga theymos don reason our matter.