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Messages - Nwada001

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Forum related / Re: How to Identify a karma Abuser?

« on: February 06, 2024, 11:52:45 PM »

I like the karma system, and the admin really knows the reason why he has chosen to keep the visibility secret. If there is too much pressure or need for such to be adjusted, I guess we should just let it be that way.

Quote from: hugeblack on February 05, 2024, 11:03:14 AM

If you see karmas in your account decreasing severely and without any reason, then you can pm @admin to verify that. I also think that there are some restrictions, as I tried to send +2 karma to the same account and found that I could send only +1 karma every few hours.

I have also noticed this countless times. I go through threads sometimes, and when I try to send karma to comments I find rewarding, I happen to send one and try the other user too, but any time I try to send more than 1 karma, they show an error message that it can only be gone once every 10 hours.

Cryptocurrency Trading / Re: Hold and trade which is best for you?

« on: February 03, 2024, 11:18:53 PM »

Quote from: Salahmu on February 03, 2024, 11:11:24 AM

In as much as there are big chances of making huge money on trading there is also higher chance of losing everything within a space of hours because trading has to with a lot of knowledge and experience that will enable you to understand the fundamentals and technical analysis of Bitcoin and even knowing all those things there is still a higher chance of losing your money.

But however in times of Bitcoin holding you don't need much knowledge before you could start holding and also with holding you will have a relaxed mind and free from panicking because your target is holding for a long time, however those that normally trade use to go through a lot of emotional trauma if there trade is going against there direction.

Trading and losing everything within some hours is just something that can't just happen like that unless you get yourself involved in leverage trading. If it's for buying and selling for day trading, you can run into losses, but you can't lose it all in a single interval of hours.

Leverage trading is the only place I have experience. If I place a trade and the trade happens to go against my order and I'm not fast enough to cancel the trade, it can get liquidated depending on how fast the market drops or falls, but day trading gives you one opportunity to recover those lost profits if you don't sell when the price drops and if the traded coin does not also rug pull.

Reputation, Scams & Phishing / Re: High return mining scam.

« on: February 03, 2024, 10:27:52 PM »

Quote from: Agbe on January 29, 2024, 09:50:40 PM

That is purely a scam site and it is only newbies that just coming to cryptocurrency and thinking that cryptocurrency is a get quick rich investment scheme would fall for that trap with juicy bonuses. But for those of us who are middle age men in the system will never fall again. Op that for quick notification and warning. I think because of your attack there he locked the thread.

Some people look at all of this from a very wrong perspective; they think anything they see online that has to do with crypto currency is a means to get a large profit from it, and they go in without even thinking of the danger that it might come with.

Even some people who are old in the crypto space most times don't understand the crypto language; all they do is buy coin and hold, and they don't know that you can't mine and earn bitcoin or other currency by just registering and depositing money into a platform, and things that offer more than 1-3% per year are likely to be scams and should be avoided.

Cryptocurrency discussions / Re: Crypto is not the future, it is the present

« on: February 01, 2024, 11:56:27 PM »

Quote from: jeraldskie11 on January 25, 2024, 01:18:40 PM

In my opinion, if crypto is not the future then what I am doing today is no differences in the other stuff that we used to do for a living. If people who joined in the crypto world think that it's not future then sooner they will get out of crypto. Future is the reason why today we keep on grinding because it's motivate us to do hard things. Future is what we aim for that's why we all are here in crypto accumulating coins and tokens, manifesting price to increase multiple times. If people don't see crypto as our future, then probably crypto will not interest them.

That statement that crypto is the future is truly something, but this is based on how we individually view it from our own perspectives. There are people who just look at crypto to see how they can profit from it, either by using it to increase their privacy or by just taking profit when necessary.

But there are people who just buy bitcoin and other crypto not just for today's profit, but they buy it like others buy stock shares from different companies and keep them in a cold wallet where they can pass it down to their next generation to milk the profit as inheritance. When crypto is treated in such a manner, we can all see that it's not just for today's use but also for the future.

Cryptocurrency discussions / Re: Many scam sites during the bull market

« on: February 01, 2024, 11:17:24 PM »

In times of bull run, we see a lot of scam platforms, and because of the hype and the FOMO, many people will want to get their hands on whatever they can in the crypto market in order to enjoy the profit that the market offers.

We are going to see some scams like trading and enjoying bull run profit, bull run bonus, and all of that, but this kind of thing is just for those who are greedy and too lazy to do their own research to know how the market works. They are the ones that fall victim to such a scam.

Cryptocurrency Trading / Re: Saving... Investing... Speculating... Gambling?

« on: February 01, 2024, 10:42:31 PM »

Quote from: Peter90 on November 04, 2023, 06:52:49 PM

Saving... Investing... Speculating... Gambling... what's the difference?
Does it matter anyway?

And if it does, how would you describe your activity with cryptocurrencies?

Saving is what we just use to stack money that we are not yet ready to use for the main time, and this money is saved in our local bank account. It might just remain stagnant with no profit, but inflation will be affecting the value.

One thing about investing is that you will have to enjoy the profit if you make the right investment decision, like investing in the right coin. If it happens that you hold for a long time until the bull run, profit will definitely be certain, but sometimes we run into losses. This can only occur if you sell out of panic, and when the price drops, you will definitely be on the losing side, but if you hold, you can regain what you think you are losing.

For gambling, I see this as one of the most risky parts to get myself involved in. If you gamble and you lose a game, the money is gone for good, and if you continue chasing your losses, you might keep losing more games.

Cryptocurrency Trading / Re: A beginner’s guide on how to buy Bitcoin

« on: February 01, 2024, 09:05:52 PM »

Quote from: CryptoLaila on January 14, 2024, 10:30:22 PM

Buying or Investing is not even the hard part all one need to do is have wallet to keep the BTC but here the question comes in... is he/she willing to hold Although you've said it in your post that one need to make a research on what you are about to invest. Hence, doing research on BTC should bring to your understanding that Holding for long term is the perfect way f investing in BTC, is he/she willing to sacrifice a long period on investment range.

For some people who don't have better knowledge of how it works, buying bitcoin will be hard for them. As I have seen many who ask how I can start, where I can buy, and all of that, which usually leads most of them to the wrong link, not everyone understands things easier by just reading and navigating through information; some need some tutoring in order for them to catch up.

And on the aspect of wallets, most of these newbies who want to buy bitcoin don't even know the differences between an exchange and a wallet. As I have seen, most of them refer to exchange platforms as having bitcon on their wallets; maybe the language that the exchanges use confuses them.

For anyone who wants to hold bitcoin these days, choosing a wallet is easy. If the person knows what he wants, like knowing the difference between a custodial and noncustodial wallet and knowing the risks involved, then they can move ahead and make a few selections from a self-custodial wallet, either just the ones compatible with their device, or they can still go for an open-source hardware wallet based on how much they are planning to hold and how long they will be.

Binance / Re: Segwit Address expires in Binance?

« on: January 31, 2024, 11:52:38 PM »

I have read about this news, and it was not even everyone who uses Binance who was sent that email. My old Binance address still exists, and it's still what I'm using on Segwit. I don't know why they select a few accounts and change their addresses, but whatever the case, maybe I will advise you to take it seriously. But even if you mistakenly still use your old address, your account can still be funded manually.

For the time being, the news is legit, but anything that has to do with sending this or that, please take note of that, as the address, which I know changes automatically by themselves, and you don't need to do anything to get it unless you open your account and generate the new Segwit address.

Signature Campaigns / Re: [OPEN] SWGT Signature Campaign | Binance #SWGT & CERTIK Audited (Ver: Act)

« on: January 31, 2024, 08:39:22 AM »

Rank:- Snr Member
BTC SegWit Address:-bc1qaql8wk9x8h69lwutymah53sv5d8zzcmw3vvw80

Cryptocurrency discussions / Re: Should we share our views on crypto market with others?

« on: January 30, 2024, 11:56:51 PM »

Quote from: KryptoBull on January 21, 2024, 08:43:35 PM

I'd be curious to hear your thoughts on this situation:
Have you ever shared investment advice or opinions with others?
How did those investments turn out for them?
Did you receive praise or criticism for your insights?

First, I will say you did nothing wrong at all. First, you did not give them any investment advice. What you did was share your view of bitcoin with them and make them understand the risk involved, and they chose their own part.

There is one thing that I know in this crypto space, and that's this: if someone walks up to me for information, I only owe that person an explanation, and whatever decision the person takes after that is not going to be my problem, and the person should be solely responsible for that and not me who has them the information.

One good thing about this entire situation is that no one was able to lose any money, and aside from that, people are always advised to do their own research (DYOR). The information you get from me, in addition to the ones you gather yourself, should be enough to make up your decision and not to rely only on my information.

Cryptocurrency discussions / Re: Will the magic of Bitcoin happen on other cryptos in 2024

« on: January 30, 2024, 11:46:55 PM »

The time for bitcoin to still do 100 times is really far gone. It's not as if they can't do that again, but it will take time for bitcoin to jump from the $43,000 that it is right now and see itself at $200,000 to $500,000, which could turn anyone who invests now into a wealthy person.

I will tell you for free that bitcoin investments don't work that way again, and you can't predict what the price will be. That's why the best thing to do is to buy hold and wait for the bull run, but even in the bull run, there is no guarantee that you could be able to see a 2X reward from your invested capital. The bitcoin price doesn't jump like all these shitcoins and meme coins do.

Cryptocurrency discussions / Re: Do you believe airdrops come from twitter media.

« on: January 29, 2024, 10:44:12 PM »

Twitter is one of the best communities for crypto currency as there is a lot of crypto engagement, both promotions of all kinds of crypto, NFT sales, etc., so it is a major space for scammers, especially now that one can buy a blue badge on Twitter for just a few dollars.

The last time I browsed through Twitter, which is now known as X, more than half of the airdrops and crypto promotions that I saw were all scams. Some are some means of tweeting and retweeting to earn free tokens, but at the end of the day, no one will be given any free tokens. Why are some just some clone sites from the original project sites that they will want to use to lure victims to their site? Those who ever fall into their trap will get their funds confiscated. I don't trust any single airdrop from X, and I'm also not a fan of Airdrop, by the way.

Cryptocurrency discussions / Re: [FUN QUESTION] What Would you Do if You Find Yourself In this Situation?

« on: January 29, 2024, 09:47:01 PM »

First, I will start by saying the amount in question is a very tempting amount of money, which will take a lot of thinking before someone can come to a conclusion about what to do.

If such is to happen to me, the first thing I will ask is how come about this money because it's a very big amount of money that someone can't just mistakenly send to an unknown address like that.

The next thing I will do is start investigating the sender's address, where they used to send coins, and if the address has not been blacklisted or not. When I talk about an address being blacklisted, I mean if the address has not been marked as a scam address under surveillance.

After getting the information, the next thing I will do is leave the wallet and the bitcoin for the main time and watch if such a case will be reported, and as such, the sender is likely to report it to any news, so if there is not, which has been done after a few weeks, I can't guarantee I will wait for months, but I will give a few weeks to watch the situation.

And after that, I will move the bitcoin to another wallet, where I will use any mixer to mix it bit by bit and send it to separate wallets.

The reason why I won't send it back to the sender's address is that either the sender might not be the owner or maybe the wallet has been hacked. In the process of the hacker trying to send it out, they mistakenly sent it to the wrong address, so there is no guarantee that if I send the coin back, the owner will actually get its hand on them.

News related to Crypto / Re: South Korean Crypto Exchanges Blocked $82m Worth of Romance Scam Transactions

« on: January 29, 2024, 09:33:48 PM »

This is good news, but this is the first time I notice that these scammers who use relationships to scam their victims actually have the name "Romans scam." Looking at the report, at first I was thinking it was a scam, linking Roman citizens as the victims.

If they were able to seize this, it's actually great; at least some of those scammers will be caught, and it will reduce the number of scams that will still take place in that area for now unless those have other means of still going after their victims.

And all these people, why do they even fall for someone they have not seen before up to the extent of developing trust and start sending them money all in the name of love? Or, whatever the case, maybe some scam looks so funny and stupid to me.

News related to Crypto / Re: Number of Crypto Owners Globally Reached 580 Million in 2023, Report Shows

« on: January 29, 2024, 08:01:21 PM »

This is showing that the crypto community is really increasing every single day by day, but one thing about all this statistics is that we can't tell how correct they are, and the numbers might either be above or more than what they have shared for it to be.

If we check very well, many people have more than 1 crypto wallet, both Ethereum and bitcoin wallets, and almost all of them have different holdings from different sources, which they can presume to be wallets for different people. Let me take myself for example. I have more than 3 active wallets for both Altcoin and bitcoin holdings, and if we are to check, it could be counted as each user, and then again, we can't also get the figure of those who hold their crypto on crypto exchanges.