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Messages - Cryptsafe

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1
It is sketchy, because I know that all these fintechs have really reduced the profits from the normal banks that have always been existing, so this feels like a targeted attack at them to reduce the dominance they are having over the market.

We all know that it is not impossible.
Deposit Insurance
They are also trying to regulate the maximum amount to be deposited in to banks and they set the maximum of NGN500,000 to NGN1,000,000 and I was thinking of how that is possible. Those Economics Scholars should explain this image.

And if this what I am thinking then I don't think it is possible of setting maximum limit for deposit even if it is for insurance corporation.

This is laughable though. If they set this as a standard for daily deposit then what about those that in a daily basis they deposit ×100 of this amount they mentioned. I think this is a big joke in the path of the economic committee responsible for the formulation of economic policies to suit the current economic status of nation.

There should be some feasible criteria for financial deposit on daily basis so as not to hit up the economic polity of the nation. Currently to get cash is very scarce and mind you, banks are trading physical naira note with pos agents causing shortage of cash in circulation. This has been on for a long time and nobody is saying anything about it. All they care is clamp down on crypto transaction, naira devaluation, daily maximum cash deposit all these unnecessary things that does not bother the economy that is just their focus forgetting the main thing to do to fix the economy of the nation.

2
As soon as you enter the twitter account then you can see hundreds of airdrop posts in front of you where there are promises to give many tokens for free. Do you think all these airdrops are true? I think all are false and from here there will be possibility of hacking to connect your personal wallet. So be careful and avoid fake/false airdrop.

Of a truth airdrops are majorly announced on social media handles of projects for the wider and bigger community to take part in because from there they could be able to get the larger community they longed for. However not all airdrops are genuine some are scam and some too are released from hacked account as a result of the influence of the account and the huge number of followership to be able to get at them. This is why it is advisable to always verify airdrops and the source before taking part in them.

Airdrops have made many and it also have crushed many as a result of hacks and carelessness of the airdrop participants from conducting their own due diligence before taking part in the airdrop. Most times it is not all about the account holder influencing the airdrop but who is behind that account. Some account get hacked without the knowledge of the owners and some know and keep quiet about it until the deed has been down then they will come out publicly and make announcement of their account being hacked after the deed has been done which they should have been able to avert at the initial beginning.

3

Obviously these rumours have made people and also the rumours have brought many people down. Just as you have said, it is not advisable to give a listening ear to such whenever you hear it as it might not really be as you think it is but rather some few elements out there using such rumours to gain way in manipulating the market for their own selfish interest because they know many people would fall for it and that has been their usual strategy to get the market in their favour. This keeps happening all over and I wonder why people can not be able to decode it and know what to do immediately.

As you have said, looking at the market and flowing in line with the direction could just put you on the right track saving you some stress of being at loss all the time. Some rumours are not just worth the time and efforts panicking about.
There will always be more things that we will see on the Web, in the lists of some Influencers many things, including good and bad, among the bad I Consider is that they say that the price will go down, well it is something normal, every market needs to have many Corrections so that it can be and be made to move in a General Way , for that Reason we must always Generate many things to keep the faith intact in bitcoin nn, it's simple, do you have bitcoin? price Dropped? Well, let's buy, as long as you Know how to buy, the only Advice I give is to buy cheap, and most of them look for the DCA method, it seems good to me, but the closer they get to Doing things, the better what they are looking for, Being patient.
Most times, all these panic selling are just as a result of the post and comments of influencers just to manipulate the market and weak hands fall for it so fast. Of a truth markets always need price corrections and that also contribute in setting up a new price and market direction of a while in the bear.
When the market is down that is most preferably the best time to bag more of Bitcoin for those investors who are looking for the opportunity to invest in Bitcoin. The price correction just last for a while before the new all time high would be achieved that is why it is advisable to buy now or most times that the market is down.

4
Cryptocurrency discussions / Re: What tokens are trending?
« on: May 09, 2024, 07:17:24 PM »
Well, that's what happened, but now many people are interested because some users made huge profits when investing in meme coins. They are not aware that if something is felt by other people, it is not certain that they will also be able to feel it.

They just hope for luck to come their way, so if it's like that then what's the difference with gambling?
However, we have to be ready for everything, don't look too much at other people when they invest in meme coins and they get big profits.

I think that the rise of meme currencies has already passed, and that the fame and boom are already elsewhere, I have heard a lot about trends like AI currencies, or something like that,  you can invest in it and what projects are related to it that is being lived until now, that is why you have to always strive forward, but you have to be in the game, you have to be attentive so that you can achieve the best and invest and then obtain Profits, that is what you should do with that type of Tokens, crypto, everything that Corresponds, for me things can always happen and when you don't have the Corresponding plan.
Of course anything can happen, but when it comes to meme coins, what are the chances that something unexpected will happen? I think it's no bigger than the risk we get.

We must always do careful planning, and it is related to the whole future. When investing in meme coins it has to be like that too, and I usually plan for the worst case scenario that I will experience. Because sometimes we only prepare for good things, but we forget to prepare for bad things.

I have never traded with these coins, nor have I bought any, simply because they do not give me the guarantee, I am sure that if I buy at this time I will not have profits because I have arrived late, then I think that one as a trader, as an investor They have to be in the trend of what is most sought after, that is, if AI is fashionable, buy AI coins, if meme coins are fashionable, they should be bought, but I think that at this point the yield of the Meme mods are not the same because everyone or most people look for these mods waiting for the big pump, and if the pump doesn't happen? If not the opposite? they fall more, because that's what always happens, you simply lose money.
Obviously, AI coin are currently in the trend now and moreover, it seems that is the direction of investment which investors are looking at because so far that is what is trending on the social media and the market is booming business. Although some of the AI projects already listed and have been trading for a while now but however some are currently running their sales now. If you can do your own due diligence, you can be able to get them if you feel investing in them at the early stage would yield profit for you.

5
I am not surprised seeing the UAE at the top most of the rankings with respect to crypto ownership globally based on OP analysis and write up here. From the onset, the UAE government have set up crypto friendly policies which is favourable for crypto enthusiasts all round the world and for that singular act, people have begun to visit the country for a safe haven for the time being. This alone have made UAE the top most  countries individuals would like to visit and so far they have all the human resources coupled with the fact that you

6
Well, from all, I think most of these stuffs have  some political undertones and possibly it is the right time for them to start blowing each others cover. It is disappointing that such information was in the possession of the government and they failed to do nothing about it but only to overlook and lay low. Possibly, they are also a player in the scene which they do not want their cover to blow hence their silence over these years.

What annoys me most is that they leave what seems to be much more important for them to chase just like this case you have made known here and be chasing Crypto exchange and wallets that has nothing to hide from the government. I wonder if they derive joy and happiness in their evil and wickedness.

7
Well, Bitcoin has dropped under 60k and other cryptos have also started to dip a bit. So nobody can predict what would happen in future, it may dip even further. The market has been a bit unstable for some time. So investors should not rush in investing in this unstable situation.
So far today, the market has been greenish and surpassed it's previous price which means there is hope for price increase. Although nobody can predict the market direction but however the speculations keep coming that Bitcoin would surpass it's all time high and that is what most enthusiast are looking forward to.
Hold your bag, take your seat and get ready for whatever the result or outcome may be.
Rumors will not get you far. Well, besides, as a rule, rumors are spread for a specific purpose. And this goal is clearly not noble. So you should not listen to gossip, rumors of seers and fortune-tellers. The most correct thing is to determine the current direction and sail along it, and not try to anticipate and pretend to be a guru.

Obviously these rumours have made people and also the rumours have brought many people down. Just as you have said, it is not advisable to give a listening ear to such whenever you hear it as it might not really be as you think it is but rather some few elements out there using such rumours to gain way in manipulating the market for their own selfish interest because they know many people would fall for it and that has been their usual strategy to get the market in their favour. This keeps happening all over and I wonder why people can not be able to decode it and know what to do immediately.

As you have said, looking at the market and flowing in line with the direction could just put you on the right track saving you some stress of being at loss all the time. Some rumours are not just worth the time and efforts panicking about.

8
Looking at the regulatory aspect of it and the current rift raft with binance, I think the government don't want to cautiously handle crypto situations amicably in the country , they want it in a forceful way to fully control everything which is not possible hence their Banta with binance.
US sued Binance, Nigeria government officials told Nigerians to avoid Binance. US fined Binance and CZ, Nigeria government took hostage of two Binance executives and preparing to fine Binance also. Copycat. They are all illiterates for what they did. Can't they see other countries like India and Philippines? Nigeria government believe in wrong ways that they think are right. I have not seen people so illiterate like them. That is why the country is not moving forward.
The wrong people with no knowledge are the ones fighting and entering into power, while the brilliant and smart ones are not given the opportunity to be leaders. It is only in Nigeria that illetrates with zero knowledge rules a learned person. How this country won come better. All these things na e make the government dey envy youths say we sharp pass them. During their own time na government take care of them, but now the government won even steal or take away the small one wey we get for ourselves.
I have come to realise that an average Nigerian is more knowledgeable than the political class. Not only that the average Nigerians have no time clamouring for power because they can survive the weather irrespective of whatever happens. They are up and doing with genuine intentions of making the best out of nothing. Little wonder Nigerians are always making waves wherever they find themselves in any part of the world.

I said this in one of my post on the other platform and I believe that is amongst one of the major reasons why the clamp on Crypto is getting more intensed. Have you noticed it that the youths no longer take interest in elections going by the last general elections. It is unlike the Nigeria youths that would sing praises of the politicians carrying their placards to hail them all about but this time nobody has that time again to do that and it looks like the youths are now fully empowered by themselves which made the political class curious and they discovered it to be crypto currency tradings and they decided to dive into it to frustrate themselves not us. They failed to stabilise the economic because they are bereft of ideas to do but rather they are busy fighting Crypto just to while away time while wrestling with themselves to control power and their epileptic economy.

9
How is it possible now that vendors would demand or accept BTC for services and expect their customers to pay for it looking at the current state of BTC transaction fee and coupled with the fact that their is always a delay in transaction confirmation. I do not think anybody would likely do that now and moreover, the BTC transaction fee is a but much higher if it is to be converted into some currency equivalent.
I know of some guys that accepts Bitcoin but currently, they were telling me that since this transaction fee issues started, some of their customers do not pay in Bitcoin but rather, they would prefer to pay in the local currency and him too do not pay his vendor who accepts Bitcoin because of the transaction fee and you can see that this case is vice versa, nobody wants to lose.
For now the transaction fee is low and shops can accept bitcoin as a payment method if they want to but because of the state of the Nation, I don't advise anyone or shop who dey sell things to accept bitcoin in their businesses. However bitcoin transaction fee is not something one can rely because it volatile like bitcoin itself. But one can take the advantage of the low fee to accept bitcoin. And merely looking at it, it is better to use fiat currency because with it you no dey pay any transaction fee. Either cash or transfer. And I have seen some boys paying with bitcoin to buy things.

You are very correct. Currently Bitcoin transaction fee is low and one can now transact or make payment in Bitcoin which I think would confirm very fast. I know some vendors do accept Bitcoin now and as a matter of fact, they already resumed accepting Bitcoin again as the fee is low and back to normal. But it is very advisable to be careful now that the clamp down is getting hot on Crypto transactions. If possible  do with fiat for now till the tension is calm because anything that would make the bank or government agencies discover that you accept Bitcoin, you and you business would definitely face prosecution and you and they would fall hard on that person caught.

10
I long forsaw this coming. The government knows that Nigerians are beginning to shun commercial banks against the microfinance banks and these banks are being patronised majorly by Crypto enthusiasts making them feel that they are the one manipulating the naira price which in the real sense, the politicians and government officials are the ones causing the naira to fall.
I'm have long decided not to bother myself with anything about Nigeria wars with Crypto ever since the news of the binance escapees saga. I just did not bother any more following up with the case because monkey hands dey inside the pot of soup. How would you explain this that such situations happened to the point of him flying out of the country without anybody noticing it.

Back to the main discussion,  banning these micro finance banks would solve no problem but rather ignite more fire. The economic growth and development of a nation determine the value of the currency of that nation. Nigeria I know is only at the consuming side and barely produce in commercial quantity for exportation but only crude oil and this crude revenue is not properly accounted for. As a matter of fact, that is the conduit at which they do their dirty deeds from. So banning of banks from accepting new registration is just a waste of time.
I totally subscribed to your submissions commercial banks for seen that many do patronize online banking to them, and they come up with the plan and collide with CBN just to bring wallet down if not politicians are the one looting using black market bureau the change for the exchange

I do not think the bank would get themselves involved in this mess going on because they themselves are after their own share of the money or profit if you may like as it is their business and making gains is their goal.  But as an entity under the CBN, they would need to play along in other to secure their name and image before the  law so as not to get their organisation grounded for going against the laws of the land and under which they operate.

It would be nice you  quote reply all your comments in one thread so as to avoid being tagged a spammer here. If you look very well you would see other members and how they did quote replied more than one replies and comments. I will advise you do the same too.

11
Gambling discussion / Re: How did the gambling life Start?
« on: May 09, 2024, 11:36:11 AM »
My gambling life basically started in the lottery side, I used to play massive lotteries in the real world. So tell us a detailed story of how you first entered into victory. And at present I am chiefly occupied with cricket, football, and Jackpot, I am present to gamble for a long time without becoming addicted. So how did your gambling life begin?

It all started back then when I was in my secondary school. I could remember vividly clear that day AC Milan played champions league finals and won it. I had the feelings that AC Milan would win the cup what gave me the courage then to play the game was the presence of Gattuso. I checked and was very confident before I did a live bet with my friend and I won it. Sincerely speaking it was a big one for my age then and that was my very first bet. I still could remember that feelings I got that day as a result of winning that game.
It was my first time and I recorded it to be a successful one that day.

I still remember that game, of course, that Gatusso shone like never before and that was a spectacular match, at that time I was already studying at the university, I was in the 2nd semester of Engineering, and that match was It was very exciting, I still remember it as if it had been a memory, it was a great team that Milan had at that time, it was a dream, the Italian teams set the tone, I remember how well they did, now Milan They have good things, a great team, they need a little more alignment because Inter is one of the hardest in SERIE A, they won without any problem.

Yes of course Gattuso shone very well then as their heatman. I could also remember how formidable the team was then. They were very strong and good at that time with Gattuso always being at alert. They were very good at their games and had a strong formation. Then they were amongst the best and powerful team in their league. I just like their pattern of football and the way they play. They exhibit this kind of football comfort which makes their fans believe in them to deliver at any cost. They just have to stand up back and continue just like before their glory days.

12
Have you also had this statement that our people regularly keep saying that "free food dey purge"?
Yes if you understand this adage you would know that you shouldn't have trust any platform or keep diluting their mere words without come to realities. It's true that airdrops are cool ways of starting the cryptocurrency space but you should also know that most of them has turned it the other way round where they don't always want to pay their airdrop participants rather, they uses them as an avenue to create and generate traffic for their site without you earning any from them. From most topic and some discussion I have engaged myself with it's known that airdrops where paying out huge time but of lately the only airdrops that I know is legit are the one who holds some specific tokens and in return for that, they will receive a specific amount as holders.

Airdrop is not something people would even participate because even you have the token some of them there is no where to sell and it will be in your wallet for sometimes years or months until the token issued listed in an exchange. Everyone has their encounter ways to start up the crypto market. I started mine with bitcoin in bitcointalk but the awareness was given before fully coming to the forum. And I don't think airdrop is a good start to the cryptocurrency. It looks like a scam to me. Though people are making from it.

At this point, I would not hesitate to say this that Airdrops made many people here on this platform and also the reverse is or was always the same case.

It is quite unfortunate that airdrops these days are just scammy and not ready to wave as it used to be on the early beginnings.

13
At this juncture, I have no doubt decentralised p2p would be the answer to the brouhaha and the ignorance of our so called agencies and their ceremonial heads and jamboree dancers. I believe already something more sophisticated is coming up sooner than later. It will only just take a little time to see to work it out to perfection. The Nigeria crypto market is not a joke and no exchange is ready to lose their quota from our market be it p2p or normal trading services, none would be left out in this case.

14
Gambling discussion / Re: should gambling be completely banned?
« on: May 08, 2024, 07:50:35 PM »
The problem has never really been the casinos but people's and individual approach towards gambling.
Because the same gambling that's causing a lot of people crazy ass losses and frustration is also the same activity other people indulge themselves to have fun and relieve some mental stress.
So rather than expecting the government to issue a permaban on casinos, people should be more concerned with developing themselves and taking charge of their lives because that way gambling will have less negative effects on people who indulge in it.
Anyone that is so self-centered or that was addicted to gambling and gambling took a lot of money from will be talking in a way that gambling should be banned. Also some people that their parents and mosque have been teaching the lesson that gambling is not good can be saying something like that. But who wants gambling to be banned are like someone saying knife 🔪 should be banned because it can be used to kill. But everyone home has knife.

Truly people with gambling experience in the negative ways would always want to move the motion of banning gambling as a result of their experience they had during their gambling days if at all they still gamble. I believe as a result of the addiction, they had bad experience that really cost them being devastated and maybe frustrated.

Parents and religion would also kick against the existence of gambling to be a bad example for the society and as such they are willing and ready to move the banning motion of gambling in their various societies.

15
There has never been a time when the edge favours the gambler's but rather the casino because it was designed to be so. At first I will join you in saying that I do not keep track of my gambling proceeds because I do not do that to earn but for fun. Yes of course I have won games and also lose some as well but it is just that way because games are like that.

Truly looking at the other aspects of which you have mentioned about the gambling industry with respect to signature campaigns, affiliate marketing, reviews and social media promotion, I think this aspect has luck shining on me. It is worth it and I can say that I have been able to benefit from it too.

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