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Showing 20 of 80 results by Localhostspeed
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Topic
Board Economics
Re: High Pay, High Taxes or Low Pay, Low Taxes?
by
Localhostspeed
on 15/09/2025, 18:20:59 UTC
It is known that in some U.S. states as well as in some other countries, the higher your income, the higher your taxes, while in others, the lower your income, the lower your taxes. The simple question I would like to ask you is this: which would you choose, to accept a job with high income in a where the cost of living is high and you pay high taxes, or go for a low paying job in a state where the cost of living is low and the taxes are low? After all, taxes never end.

I don't like the system of lower tax and lower pay, it create a lower class society where you struggle to make a living but when it's good pay and high tax, it goes around everyone, this create a standard environment that brings opportunities for everyone. With high pay high tax, people from other countries would want to come to your country to start a living and more money will likely flow into the state.

As a parent, I want my children to explore life and look beyond what is around them but staying in an environment where there is good standard of living, your children will grow to enjoy the benefit of true economy.
Post
Topic
Board Bitcoin Discussion
Re: Dirty bitcoin risk?
by
Localhostspeed
on 15/09/2025, 14:51:17 UTC
Don't keep your coins in an exchange and don't waste time to transfer your funds from an exchange to your noncustodial wallet after the purchase of your bitcoin from p2p trader if you are the type that buy bitcoin regularly. If you receive any funds into your wallet that you don't know the sender, freeze the coins and transfer all your funds to a different wallet which you created for that purpose.

Government or exchange cannot freeze your coins when they're in your noncustodial wallet. Not your keys.. Not your coins.

If I'm not trading p2p on exchange for converting airdrop usdt to fiat, I don't have any business keeping coin on exchange, I prefer to have mine on wallet. I don't mind to pay the transaction fee knowing fully that I can wake up and see my coin with me. I don't know if I'm the only one but anytime I tried to KYC on exchange, they causualy reject me and I don't know why, maybe this is one the signs.

Post
Topic
Board Bitcoin Discussion
Re: Will Satoshi ever be back ?
by
Localhostspeed
on 15/09/2025, 14:46:57 UTC
Someone said Satoshi Nakamoto revealing himself as the owner of BTC will actually affect the value of it in a negative way, is that true or just a way of saying that curiosity is what makes BTC stand up till today? What do you think?

Satoshi is back, we are the Satoshi. A selfless man that want to teach people about decentralization is a true Satoshi, we are doing exactly how he want Bitcoin to be and how he want the network to going. There is nothing he is going to do if he comes back today. It's the same people that have been committing development on Github that are going to be doing the work.

If Satoshi comes back to online today, it will only cause panic and I don't think he is going to do that if he is alive. Many people think he is dead but Satoshi isn't dead, we are the true heir of Satoshi.
Post
Topic
Board Nigeria (Naija)
Re: PayPal wan integrate Bitcoin and crypto into their P2P payment
by
Localhostspeed
on 15/09/2025, 14:15:03 UTC
What are you doing with your bitcoin…?

Hodl Hodl Hodl

So you won’t be left out ……….this is a green light for people doubting Bitcoin long term capabilities.

This news would have slap well if PayPal has allowed Nigerians to use their service. You can use PayPal to send money but the problem with PayPal is you can't receive remittance through PayPal unless you use the manipulated method of another another country but if caught, your account will be locked.

If they have allowed Nigerians, I believe alot of people are from going to use the platform to trade p2p since they allow remittance from one country to another but they exclude Nigeria which is bad.
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Topic
Board Nigeria (Naija)
Re: Think carefully before beginning bitcoin investment
by
Localhostspeed
on 15/09/2025, 14:08:55 UTC
We need to be thinking reasonably before putting ourselves into Bitcoin investment so that we will surely achieve our goals for what we're chasing. Many investors are really making mistakes when investing in Bitcoin, meaning some don't know how much money to keep for savings purposes and how much money to invest. Since you have the belief that you will surely get profit if you invest in Bitcoin, but know the funds you invested. Not the one that you will use for the short term and break your plans. Most people that you see are getting huge profits in crypto, not because they have full knowledge about it, but because they think deeply and know when to buy and hold for the long term.

If only we are not use to quick profit, Bitcoin would have been the same with other investments assets but because we are spoilt and used to quick profit, we want to get quick return without patience any longer.  The people that were patience all these years during the time when Bitcoin was dumping and was not going up steadily were patience that's why they are enjoying their hard labor today. The new people that are joining today need to have that patient too.

I don't think in the last 15 years any person that has bought Bitcoin and has hold it to now has regreted holding it. Even the people that bought in January this year are now in profits. We need patience to achieve anything with Bitcoin.
Post
Topic
Board Beginners & Help
Re: Phishing link of Uniswap on Google site.
by
Localhostspeed
on 15/09/2025, 13:02:20 UTC
I just searched and it's not showing me this sponsored result. Only https://app.uniswap.org, which is the official one, appears

After I made this post in the morning, I tried searching with my phone and it was showing this morning.



But I gave them a feedback that the website isn't safe. I'm not sure if they review my feed back but now that I check too, it's not showing again. Maybe other people has reported the website.

Quote
It's funny how Google was against cryptos, didn't allow any real advertising, but now lets some phishing through  Tongue Roll Eyes

Google don't care, as long as their revenue is getting big, they are fine with scam adverts.
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Topic
Board Beginners & Help
Re: Phishing link of Uniswap on Google site.
by
Localhostspeed
on 15/09/2025, 10:17:00 UTC
just use an adblocker like ublock origin and u don't see any ads on google search pages including sponsored phishing site links.

here's how it looks on my end with adblocker turned on:
clean, no bs, search results.

Good recommendation, I also used Brave browser, the best solo browser I have used. I do stream football matches and I don't have any problems with the browser.

I think Google need to take some step back to check this things. I can only imagine how they are going to damage crypto if they decide to allow Google ads for cryptocurrency. They are going to be using their platform for targeted ads and it's going to be a bad reputation for crypto.
Post
Topic
Board Beginners & Help
Merits 2 from 1 user
Topic OP
Phishing link of Uniswap on Google sites.
by
Localhostspeed
on 15/09/2025, 06:59:57 UTC
⭐ Merited by pawanjain (2)
Scammers are hosting sites on site.google.com and from there, they promote the website to Google ads directly sponsored. When you search for the website on google, the sponsored ads comes before the real website.

Here is one example, I searched for Uniswap on Google and I was shown this below.




You can see the fake website at the top shown sponsored. It direct you to this website: https://sites.google.com/view/apdfaz/uniswap

Real website: https://app.uniswap.org

Don't rely on google for real links, it can be misleading sometimes.
Post
Topic
Board Trading Discussion
Re: What distance of time is long term investment plans?
by
Localhostspeed
on 15/09/2025, 05:30:12 UTC
...So if they really want to invest in bitcoin, they should learn about it thoroughly and can start investing now.

In my opinion, you can only start Bitcoin DCA at the current price if you plan to hold it for at least 10-15 years. But if we start from a 4-year cycle, then the average purchase price in this case will be lower than the current price, which may lead to a loss.

The secret thing about Bitcoin is that we don't know what is going to do next. Market traders were making all kind of predictions but I bet not many expected the market was going to reach $100k quickly and now we are here with the price trying to maintain it. We may also see more than we least expect now or later.

I'm not sure if the 4 years cycle will be a thing anymore, we haven't had bull run ever since the last one, altcoins are stuck, maybe institutional doesn't trust these cons again unlike then when everyone can make that profit in less than 4 years.
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Topic
Board Trading Discussion
Re: Maximizing profits, a skill every trader should know.
by
Localhostspeed
on 15/09/2025, 05:26:16 UTC
Learn not to be greedy. A profitable trader doesn't praise for how he's good with his trades but on how he's able to take those profits that he can. Because many of the traders are liking to screenshot their paper profits but doesn't like to take it. It comes up with a discipline on how he should be done. Because if it's not for their greediness, they'll lose every profit that they have made with their trades. And so, that's the reason a profitable trader is the real trader that should be set as an example and not enough to just win trades but also to take profits.

Been greedy does work sometimes but doing every time trying so hard to outsmart the market isn't the best thing to do in every day trading. What is going to be the end product is no profit and that time it might be too late to adjust the mistake you have done.

Trading is about profit making but there should be a time when you should call it a day and go walk around. I have been trading some few coins and I can say that over time it was mix emotions of profits and loss but what I made is bigger than what I have loss on trading, this is how I was able to enjoy trading without stressing my brain, always learn to move to the next one.
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Topic
Board Beginners & Help
Re: Do not have high amount of money on an online device.
by
Localhostspeed
on 14/09/2025, 20:59:03 UTC
]
I agree with you that the value of the coins in your mobile wallet shouldn't exceed the value of the device itself. The problem is that you can have $500 in Bitcoin, for example, and in less than a year the price rises and you suddenly have over $1,500. I'm not a big fan of moving my coins if it's not strictly necessary, but in cases like the mentioned one shouldn't be lazy and should move at least a part elsewhere.

It seems very logical, but from my own experience I will tell you that there is a kind of psychological barrier that makes you leave things as they are, call it procrastination.

IPhone 17 is around $1700 to one device, those that mean I can keep $1600 on my iPhone and feel safe? This analogy doesn't make too much sense. I think if we are having funds that we are not going to move from one wallet to another often like deposit to exchange and withdraw, it's better the money remain idle on offline wallet until the coin is ready to be spent.
Post
Topic
Board Nigeria (Naija)
Re: Protect your privacy even on an exchange
by
Localhostspeed
on 14/09/2025, 18:26:50 UTC
However, it's important to note that there are little charges of 0.3% on all funds collected through this account since it's called Payment Collection Account. The maximum being #100

Does that now mean that all Opay account actually has a hidden account number but you will have to pay them 0.3% to protect your privacy. This is supposed to be helping our privacy but it's limit person. Like you have to pay a percentage for using their products, that's not right though.

I have the account number too but I have been using my numbers since I registered on Bybit, I will start using this number to protect my identity.
Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: Bitcoin trading: profit or pressure cooker?
by
Localhostspeed
on 14/09/2025, 18:19:51 UTC
⭐ Merited by Cryptoprincess101 (2)
Many people see Bitcoin as quick money but they is another side to it, the pressure attached every decision or move in the market and your heart begins to beat fast sometimes it goes up and you are happy then it dumps and you begin to panic. Their is profit and their is pressure too. Sometimes I wonder if am the only one feeling this mental stress when trading BTC. How do you guys handle the pressure? Do you guys HODL no matter what happens or you sell quick so as to avoid regret? Because the pressure is real.

Self orientation is what many people lack in crypto space, they don't want to learn, they prefer the short method of making money on the internet that's why many of them are victims of this. Bitcoin isn't a quick rich scheme to make quick money. It can give actually give you money that you never imagine in your life but first you have to play by the book and the rule and that's patience.

Trading is profitable for some people but I can tell you that most people that are on trading lose more than they make from trading. Only the experience traders makes money from trading but they sometimes shill rubbish coins to people to buy, that's where they make money from trading.
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Topic
Board Bitcoin Discussion
Re: Living With Bitcoin’s Ups and Downs Over the Years
by
Localhostspeed
on 14/09/2025, 16:56:17 UTC
I know that feeling as I have been there too and over time you just get used to feeling that bitcoin will surge in price sooner or later.
So even if there's a minor fall in price, your belief in bitcoin will not let you stress over it.
To keep yourself updated, you can just look for the price may be once or twice in a week.
Other than that, there's no real need to keep monitoring the price every few hours.

What some of us don't know is there is no reward that doesn't comes with a pain but they comes in different ways. If you must enjoy Bitcoin investment, you must be ready and prepared to deal with the psychological trauma of the market, you have to understand that you need to be strong mentally to handle everything of the market, you have to understand that the growth is zigzag and you have to get use to the price fluctuation.

Bitcoin price looks better now compare to before when Bitcoin price can dump $10k in a day but now, the market is strong that anytime the market dump, the institution but back those Bitcoin the next day again. We are not going to zero like people do FUD Bitcoin in the past.
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Topic
Board Bitcoin Discussion
Re: You need to run a Bitcoin node
by
Localhostspeed
on 14/09/2025, 16:50:31 UTC
Hello guys, I think we all need to run a Bitcoin node, If you own Bitcoin, the safest way to know it’s really yours is to run your own node with software like Bitcoin Core. Wallet apps and devices might just show numbers, but that doesn’t guarantee you actually hold Bitcoin. Unlike gold, which became hard to trust because of fakes, Bitcoin is easy to check and you can verify it yourself. That's One of the advantages of Bitcoin guys, Setting up a node is simple, doesn’t need to run all the time, and works smoothly with Sparrow Wallet. Always remember: don’t trust, verify.

If you are not running a node to connect to your wallet, then no need to run a node, especially a complete node that requires you to spend to get it done.

It is not true, you don't need to own a node to be certain you own Bitcoin. There is no big deal to own Bitcoin, investors buy Bitcoin and hold, the only technical knowledge you need is how to properly store your Bitcoin in a safe wallet.

If you want your node connected to your wallet, you have to run a complete node, which will cost buying more storage, average investors are unlikely to keep up the cost.

This is a wrong perception of running a node. People run nodes for various reason, some people does it for running lightning network, some people does it to have an independent node without relying on another node and some people run node to support the network. The main point is to use it and understand it's purpose but not everyone that hold Bitcoin does transactions all the time, some people have Bitcoin they be holding since last 10 years and have not use move it and yet they do support node running.

Node doesn't need you to spend except if you are considering electricity. I don't think a laptop will use all your electricity because you ate running a node. You are not spending anything if you have laptop and electricity. Only miners spend money for infrastructure and machines to run mining farms.
Post
Topic
Board Economics
Re: What pushes the wealthy?
by
Localhostspeed
on 14/09/2025, 16:44:58 UTC
What pushes the wealthy to want to become wealthier is determination to stay on top, they understand that wealth can vanish if it's not sustainable. I believe that wealthy people have phobia for poverty, they are afraid to become poor like the those that comes to them for help. This is the reason why most financially wealthy people will do almost anything to become more wealthy because it is better to go from grace to grace than descending from grace to grass. Everybody wants the good life and those that have it knows that if they relax they might not be able to compete with other wealthy people.

I think the determination is when you have already made it. There are people with determination to want to be wealthy in their life but they don't have the means to start. To build wealth, you have to build a very standard foundation for your life, you have to build what will make you go far and the right connection because without connection, you can't make stay wealthy for long time. Any wealthy person you can think of has some network and connection.

It's after you have built your foundation the determination to be at the top will come in, that's when you should be thinking how to remain at the top forever and how to make sure you never make some of the mistakes you made while building that wealth.
Post
Topic
Board Economics
Re: Don't keep money meant for your business in Bitcoin.
by
Localhostspeed
on 14/09/2025, 16:41:08 UTC
Some people think that Bitcoin is so good that keeping there business finances or income in Bitcoin is the best idea forgetting that it is very wrong to do that.
As we all know bitcoin is highly volatile in nature and so when you keep your business income or money in Bitcoin it risk you losing some part of your money and also affecting your business because Bitcoin can drop in price at any minute and when that happens the money you kept in Bitcoin will drop in price and since the money is meant for your business the drop of it will affect your business financially and can lead to the fall of your business, money is what they use to run a business when there's no money the business will fall.
So don't keep your business money or income in Bitcoin so has to avoid lost, keep your business money in Fiat currency or a stable coin like USDT.

Check around people that one time bought Bitcoin but sold at low price and never came back again, its because they bought because of the hype, used money they needed seriously. Some sold their business and was thinking it's a quick rich scheme but later, it didn't turn out as they expected. Buy Bitcoin only with momey you don't need at that particular time, it can be important though because no money is too little to lose but it should never be money you are going to need later.

I don't advice anyone to save money in usdt if you don't have the need, use fiat to do your business. Buy Bitcoin only when you are.ready to invest in Bitcoin and that can be done through a p2p exchange where you can buy and sell without any hassle.
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Topic
Board Trading Discussion
Re: Failure is never final
by
Localhostspeed
on 14/09/2025, 06:00:44 UTC
Failure is something every trader will meet along the way, but it should never be seen as the end of the road. Losses and mistakes are simply part of the process that build experience and resilience over time. Even the best traders face setbacks, and what makes them stronger is that they use those moments to learn and refine their approach instead of giving up. Success in trading is not about avoiding failure, but about having the patience and discipline to keep moving forward despite it.

There is no success without challenge, you can't win if you don't fail at some point in life. Trading is about risking money to get another money, sometimes luck shine on you and sometimes it doesn't but you can't be unlucky everyday trying your new trade to make something out of the market.

Most often, you will get that failure before you make it in trading. Though it's not a definite rule that you will fail in your trade at early, some trader start trading when the market look juicy like during the bull run and then later face rejection later when there is bear market. The real ones that believes stay along.
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Topic
Board Trading Discussion
Re: Traders or Gamblers? Most of Us Don’t Know Which One We Are
by
Localhostspeed
on 14/09/2025, 05:45:26 UTC
Many people confuse trading with gambling without even realizing it. The difference usually comes down to having a plan. If you’re trading with a system, whether it’s risk management rules, entry/exit signals, or a journal to track your progress, you’re trading. But if you’re buying because Twitter is hyped or selling because you’re scared of a red candle, that’s gambling. The way to avoid this trap is to treat every trade like part of a process. Even a small win or a small loss becomes useful if you write it down, review it, and adjust. But if you’re just clicking buy and sell hoping for luck, you’ll end up frustrated.

If you really want to grow, focus less on the excitement and more on discipline. That’s what separates traders from gamblers.

If you want to be a trader so bad relying on signal is one of the quikest way to send you packing. There is nothing bad in looking at other traders ideas but when it becomes a way for you to make decisions on your trade then you are gambling, you are risking too much already because you have no idea about how the person came up with such conclusion to give you that trade.

Ordinary trade alone is risky, joining it together with high leverage is another big risk, like I saw a thread earlier the guy was asking for a way to get 500x leverage, I'm not sure how he want to trade with such leverage but that's more than suicide to me.
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Topic
Board Trading Discussion
Re: 500:1 account
by
Localhostspeed
on 14/09/2025, 03:40:14 UTC
Maybe op has to throw more light on what he meant as I am also trying to comprehend what he mean over there. Of course 25x seems to be too higher for some who doesn't have much equity and could be liquidated then just imagine 500x how do you think he could survive the market if things happens to go the opposite?

You guys are not understanding OP.

He is saying that he is using a broker that offer him 20x of his deposit which 20:1, anything he deposit is allow to borrow 20 times of that amount but he want to close the account. He is looking for account that can give him 500x power borrowing power, so that anything he deposit can allow him borrow upto 500x.

What I don't understand about OP is why the sudden switch to 500x, that's over 500x leverage that can have him liquidated on a blink of an eye, this is more than gambling.