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556

Nigerian Languages / Re: [Info]Naira Scarcity and BTC Mempool Congestion. How una dey survive?

« on: January 13, 2024, 02:57:12 PM »

Quote from: Cryptomultiplier on January 07, 2024, 11:01:16 PM

December been choke because of the congestion and fees during the time be like say e reach times two.
I no know why things dey always dey harder when December or such kind of celebration season reach.
I know the kind small hell wey I see and as I been dey tell my friend, ordinals and most of the new projects on Blockchain dey very contributory to the palava of memepool congestion and hike in transaction fees.

Ordinals come use style bring one kind hardship for we bitcoiners because you get bitcoin to sell cash out small funds to use hold body, e go turn to India fee because of high transaction fee based on the mempool congestion. If you be person wey no fit take the pain risk the high fee, na so your transaction go dey for the mempool because no miner to add am to the next block for confirmation. I no fit cry on the 28th wey I suppose travel my Btc transaction disappoint me and I just dey house dey try ViaBTC accelerator to see whether e go dey possible for me to add am join their free 100 transaction but no way. Na till on 30th na e I come fit travel. If una see the joy wey dey my body say my coins show for CEX, e be like say I win jackpot. As I dey so, I still get one transaction for my local wey never confirm for two weeks now but wetin I won do nothing, as I dey wait patiently for any mempool to add the transaction back to their next block. Ordinals make bitcoin transactions dey vex person.

557

General Discussion / Re: Where to invest?

« on: January 13, 2024, 10:49:13 AM »

Quote from: Doovla on January 06, 2024, 12:39:17 PM

Quote from: Dr.Bitcoin_Strange on January 05, 2024, 09:54:08 PM
Quote from: Doovla on January 03, 2024, 01:20:29 AM
Hello ,do you have suggestion for big profits investment plan from sites? I personallly have 10$ to invest and i am looking foward to fill my bag from your help.

$10 is a small capital to invest and expect a huge profit bro and perhaps, there is no very sound investment in the crypto space that is very safe because most of those investment are usually in a centralized platform which poss a risk on your investment.

My suggestions is that, you can start to accumulate Bitcoin gradually, even if you don't make a huge profit during this halving season, you can hold your asset for the next four year and will archive a more better profit. It's better to buy Bitcoin and hold, than to risk your asset in any centralized platform.

There is also an option of staking your asset on exchange and you will be rewarded just a little intangible profit and at same time putting your asset at risk. There's one rule of crypto investment, which is, "never store your asset on centralized exchanges. "
Why not store? Risky?

Yep risky. When you store your investment in an exchange, you are no longer in control of your money, and at anytime you can lose your funds. This is because if the exchange crash, your funds crashes too with the exchange. Example was the crash of FTX in November 2022. It is still a drama till date and users that kept their coins in FTX are still regretting till date. Another annoying thing is that the exchange can deny you access to your funds and put a limit on withdrawal. Exchanges can go on exit scam and run away with your funds. All these and more makes it very risky and not advisable for you to store your coins in an exchange. It is good that you use a self custody wallet, where only you have the control over your funds because the private keys are with you.

558

TrustWallet / Re: Is trust wallet secure?

« on: January 13, 2024, 08:23:14 AM »

This is an old post, so I believe that at when this post was created Trust wallet was safe. Trust wallet is closed source and it is not advisable to use closed source wallet to safe our funds as it will be vulnerable to attack. Open source wallets are the best wallet to use, either hot wallet or hardware wallet. Electrum and blue wallet is good for hotline. You can also use electrum ass cold storage by generating the keys on an airgapped device and never connect it to the internet. You then create a watch only wallet to monitor, track and broadcast transactions. Hardware wallet like unstoppable and Trezor are good.

https://coindoo.com/trust-wallet-hacked/

559

Gambling & Crypto Casinos / Re: How is the online casino scene these days? Is it profitable?

« on: January 12, 2024, 05:55:09 PM »

Online casinos is one of the most profitable businesses nowadays, this is because every day the number of people going into gambling is increasing, and so many of them thinks that gambling is a get rich quick scheme, and this have made them believe that they can become rich through gambling, so they gamble to make profit and not for fun. If majority are gamblers are gambling for profit, this gives the casino a upper hand to make more profit because these so-called gamblers will be busy chasing their losses and running in more lose until their bankroll is empty. They forget that a gambler can never win the house hedge because they are blind with greed.

560

Binance / Re: You should verify your communication with Binance

« on: January 12, 2024, 02:33:40 PM »

I agree with you on this OP, because a lot of scammers are out there with their own link and that is why one need to download apps from the official site to stay safe from phishing links, to avoid the loss of asset as these scammers do come in different method to see how they can have access to your private data and steal your funds. This should be applied to all CEX exchange as they are now a place for scammers to get their victims from.

561

Cryptocurrency discussions / Re: Is it safe to invest hugely in CRYPTO now?

« on: January 12, 2024, 01:12:29 PM »

I am writing based on the current market and not based on that of 2019... It is not advisable to invest hugely on crypto currently because we don't know what the market will become tomorrow. Although, bitcoin is the only digital currency that is certain to give you profit because, the halving even is coming soon, and the new approval of bitcoin ETF is good news to investors. This is because it will skyrocket the price of bitcoin, but it is not a guarantee. The bull run is also coming next year and there is this believe that we will have a new ATH, according to history. You can invest 50% of your capital on bitcoin and diversify the other into gold and real estate.

562

Bitcoin Forum / Re: ETF Approval, do we have reason to celebrate?

« on: January 12, 2024, 10:49:47 AM »

Quote from: I-Bit on January 11, 2024, 11:55:09 PM

Yes, Bitcoin ETF is approved already. I think we can celebrate it because it is a big news for crypto industry. However, I'm not sure how far this news to bring the influence for crypto prices. I see that some coins starting to increase their prices. But I don't see the Bitcoin price increase very significantly. I may need time for the Bitcoin price to skyrocket. $:-\$

This bitcoin ETF approval will make bitcoin be for the rich alone in future because the price will skyrocket and a poor or an average man might not be able to buy bitcoin, which makes it not going to benefit the poor but only the rich. It is only individuals that have a significant amount of bitcoin that will benefit from this. Majority of bitcoin will soon be controlled by centralized platform because in the upcoming bull run, a lot of individuals with small bitcoin will sell to Blackrock thing that they are making huge profit and they will forget that it will be hard for them to buy back such amount of bitcoin in 10yrs. It is better that the little amount of bitcoin that you have shoukd be cherished and hodli for a very long period of time so that you will still be happy that you own those bitcoin in future. If a lot of investors don't sell their bitcoin during the next bull run, and keep your coins in self custody, the amount of bitcoin that Blackrock will be in charge will not be as high as when we sell to them. It is only we that can keep the decentralized nature of bitcoin by not giving up our bitcoin to third parties to keep for us.

563

Nigerian Languages / Re: Watin b your new crypto target for the new year 2024

« on: January 11, 2024, 11:37:48 PM »

I dey expect the crypto market to favor investors because na this year na him bitcoin halving take place and already SEC Don approve Bitcoin ETF wey go be more advantage for bitcoin price to hit the new ATH after the halving event. So I dey accumulate more bitcoin to my bitcoin portfolio to make sure say I get enough before the bull run because I get pla s to sell 50% of my botcoin investment. The approval of bitcoin ETF go bring more people to the bitcoin community because hego dey easy for them to buy bitcoin and this go increase the adoption of bitcoin. This year na good year for the crypto market so make we take advantage of am.

564

Nigerian Languages / Re: Are Shit coins good investment?

« on: January 11, 2024, 06:18:18 PM »

I will advise anyone that is new to crypto to stay away from ahitcoins as they are mostly used for pump and dump projects. Whoever thinks that he wants to gamble in the crypto market can invest in shitcoins but before then, you should make a proper research about the coins that you want to invest on in a short term so that you don't end up investing on the wrong coin and run at great loss. Shitcoin is good for trading because of the hype on the price and if you are lucky, you will make profit because they are for short term investment. I will prefer to stick only to bitcoin and nothing else, because I know that bitcoin will last for long a d it will give you a good profit when you invest in a long term duration.

565

Economics , Sociology & Politics / Re: Cost of living

« on: January 11, 2024, 05:06:55 PM »

Quote from: DrBeer on January 05, 2024, 11:13:48 AM

Unfortunately, there's another problem that people can't understand. Many people believe that the state should provide a beautiful, nourished and rich life for a person. But this shows that people do not understand how the state works.
Let's take the simplest question - where does the state get money to provide a minimum acceptable standard of living for socially unprotected citizens?
1. from taxes?
2. Will it print money?
3. Borrow money from another country ?

The correct answer is item 1.

A lot of countries are endowed with natural resources which the government should use to take care of the citizens, and I have seen some countries that uses oil and gas as their major means of getting funds for the country. Suadi Arabia, Qatar are oil producing countries and that is what they live on. However, when your government is careless and self centered i.e they don't take care of their citizens, the citizens should also look for a means to take care of themselves by learning skills and also look for a means of survival rather than waiting for the government and lamenting. It used to be before that government provides job for its citizens but right now in my country it is the opposite. Citizens provides job for themselves so that they can become independent. Let's not put all the blame on the government but also help ourselves out from poverty and hardship.

566

Economics , Sociology & Politics / Re: Covid 19; A blessing to your income or a pain?

« on: January 10, 2024, 09:20:36 PM »

I don't think that the pandemic did any good to anyone because there was lock down, and people were prevented from carrying out their daily duties. Some people lost their loved ones and some lost their jobs and they were unable to put food on their table. The government of every country ran at lost and since then, the economy of many countries have never been stable. While some countries economy was crashed by the pandemic. High inflation rate and lack of job opportunities increased. Whoever benefited from Covid 19 must be a greedy and corrupt person because it means that he has used the money that was donated to relief people from hunger to enrich himself during this pandemic period.

567

Gambling & Crypto Casinos / Re: Sportsbet.io - Best crypto casino for me

« on: January 10, 2024, 05:27:14 PM »

Sportsbet.io is a reputable casino and I like their bonuses, to make it the casino superb, there are competitions time to time on free bet. Wow this casino has a lot of money to give out to the gamblers through their competitions. What I love most is the no withdrawal fee. $43000000 is a huge amount to give out to a winner and I wonder if that winner will continue gambling with this amount of money that he has won or he will quit gambling.

568

General Discussion / Re: What is the best way to earn in cryptocurrency for free?

« on: January 10, 2024, 01:36:30 PM »

Quote from: PresaleKing on September 22, 2023, 11:37:30 AM

Can you list some of your strategy to earn free cryptocurrency?

There is nothing free anymore even in Freetown. It is just like you asking how you can earn your local currency for free which is impossible. The only thing I know is how to earn cryptocurrency in an easy way without you putting money into it. You can earn crypto easily when you render little service, like airdrops, signature and bounty campaigns, and much time is needed to achieve this which means that it is not free because you have to sacrifice your time to earn. However airdrop don't pay anymore as most of them are waste of time and scam. Oh sorry I forgot, there is only way but you must have the capital to invest. If you stake Etherum, you can make some profits from your capital.

569

Cryptocurrency discussions / Re: What altcoins are best for the next halving season?

« on: January 10, 2024, 12:40:25 PM »

Apart from bitcoin, the only coin that I will invest in is Etherum because it has been in the market for long and has a better chance of giving profit to her investors. The PoS alogarithm of ether makes it more better than the rest altcoins. It is better that you make research on any coin that you want to invest so that you don't end up buying coins that their value will go to zero.

570

Gambling discussion / Re: [Football] UEFA Champions League Betting & Discussion Thread

« on: January 09, 2024, 07:32:57 PM »

You are putting your hope on weak teams, I do2aee any of these two teams in the final as they wouldn't be able to survive the league if they should play with Real Madrid or Bayern or even Inter. This is because these clubs that I mentioned are stronger than them. Man city will win Arsenal or Dortmund, I am looking forward to see Real Madrid win the title this season because they look more desperate on winning the league and they are the league favorite. However, nobody knows what will happen next and it is possible that surprises can be made in this year UCL competition.