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Showing 14 of 14 results by Mighty97
Your opinion about Bitcoin being a viable solution for sending money to Nigeria
Bitcoin is able to be a viable solution for sending money to Nigeria, mostly for bypassing high bank fees and slow traditional transactions. Bitcoin is fast, without borders and even cheaper, when sender and receiver knows and understand how to operate it safely. Though it is not perfect. Price instability, no tech know-how, and possible scams are real risks. Those who are relaxed with crypto and safety basics, it provides a to do option. For some others, it might just be more of a gamble rather than a solution.
What's your view a out this?
What's your view a out this?
Re: Is Bitcoin Really a Safe Asset to Hedge Against Inflation
My view on this may not satisfy you but here is it
Bitcoin isn't a sure guarantee inflation hedge and won't be said to be a safe asset in the traditional sense, compared to the way Savings account or bonds would be. Though it can be part of a diversified strategy, mostly when one trust that fiat currencies will keep losing purchase power with time. When using it as a hedge inflation, take cognisance of the risk and don't throw in more than you can afford to lose
Bitcoin isn't a sure guarantee inflation hedge and won't be said to be a safe asset in the traditional sense, compared to the way Savings account or bonds would be. Though it can be part of a diversified strategy, mostly when one trust that fiat currencies will keep losing purchase power with time. When using it as a hedge inflation, take cognisance of the risk and don't throw in more than you can afford to lose
<snip>
Another thing is that even if the upward slope of bitcoin's price is likely becoming less steep with the passage of time, bitcoin still remains both the fastest horse in the race and likely going to be beating the fuck out of all other assets, including that within the next 50-200 years it will likely have to get somewhere in the ballpark of 1,000x or more of gold's market cap, whether that is through bitcoin price rising or gold's price falling or some combination of both.
I am not really disagreeing with you, even though you likely realize how much I disagree with some of your being more bearish than what I believe you should be or maybe more loving of the dollar than what I believe you should be... which seems to result in more hedging with the dollar than what I believe to be necessary or within the self-interest of any of us, even an old fart like yourself.. not that you are older than Jimbo.. .. hahahaha.. and I am not even trying to pick on old foggies, since I am plenty old my lil selfie... but I am just picking on nuances of bitcoin versus fiat perspective as it relates to investment portfolio management.
This weekend is "critical" tm
I would really like to see price go past 120k and float sideways a bit.Another thing is that even if the upward slope of bitcoin's price is likely becoming less steep with the passage of time, bitcoin still remains both the fastest horse in the race and likely going to be beating the fuck out of all other assets, including that within the next 50-200 years it will likely have to get somewhere in the ballpark of 1,000x or more of gold's market cap, whether that is through bitcoin price rising or gold's price falling or some combination of both.
I am not really disagreeing with you, even though you likely realize how much I disagree with some of your being more bearish than what I believe you should be or maybe more loving of the dollar than what I believe you should be... which seems to result in more hedging with the dollar than what I believe to be necessary or within the self-interest of any of us, even an old fart like yourself.. not that you are older than Jimbo.. .. hahahaha.. and I am not even trying to pick on old foggies, since I am plenty old my lil selfie... but I am just picking on nuances of bitcoin versus fiat perspective as it relates to investment portfolio management.
we did 103 and change for june 5 and we arestill hanging in at 101k at the moment.
but June 6 is much closer to a 99,999 close as we are averaging around 101.3 for tha day as of now.
Yep.. we can probably say that was a pretty robust test of $100k.. and sure, it may well not be over... so we will have to see if $100k gets tested again or if we might be able to resume up... but June 6 is much closer to a 99,999 close as we are averaging around 101.3 for tha day as of now.
This weekend is "critical" tm
Do you really believe that there are very good odds for something like that?
It seems to me that historically, the main ways that the BTC prices tend to go sideways in the area of a top is if they challenge some top, then they will correct back down 8-12% or more and then go sideways within the corrected location and not from within exactly the top location.
Sure, you might be able to find some exceptions, but I really doubt that you are going to be able to find meaningful and/or representative examples of the BTC price just going up and then going sideways within a top location for very long without some meaningful correction.
Sure, anything can happen, but why should we be describing base cases (or wishlists) that include BTC price dynamics that are not seemingly likely to happen, rather than potentially trying to outline some kind of a more realistic scenario.
For example, if you are expecting BTC prices to get stuck in a $115k to $125k range (yes I am purposefully trying to go broader than your earlier description of a $119k to $123k range), then likely there has to be some move into the mid $130ks and then a correction in that $115k to $125k range rather than just getting stuck in that $115k to $125k range... but yeah, maybe it could be that my own memory is fogged/jaded... .. or I am being overly strict on what might be meaningfully likely based on "this time is different" BTC price dynamics?. .
and yeah, sure every time (cycle or price wave) may well seem to play out a wee bit different than the past cycles and/or price waves, but there still seems to be some level of retention of rhyming with earlier BTC price dynamics.. .which is another reason that none of us should be poo pooing what is likely an ongoing applicability of the 4-year fractal (cycle), even if perhaps there could potentially be some quasi-breaking of such cycle. .and we might even disagree in regards to what constitutes of a breakening of such 4-year cycle BTC price performance dynamics.
So maybe there might end up being some questions regarding how much past $120k would be necessary in order that $120k ends up as a new bottom? I am not going to claim to know exactly, but somewhere in the $135k-ish (or mid-$130ks) seem to be a kind of ballpark area that may well end up allowing $115k to 125k-ish to then serve as a kind of consolidation support area.
Your comment opened my eyes to the following points I find very helpful:
1. Skepticism towards unrealistic expectations.
2. Historical awareness:
3. Probability thinking.
4. Open-mindedness.
I greatly agree with the core of this argument. Bitcoin scarcely forms tops quietly. It's even common if we see aggressive push, overshooting fair value due to momentum and FOMO, followed by a correction.
If we get a range-bound phase around $115k and $125k, it appears much more probable that it follows a quick move to $130ks ern beyond, afterwards cools off to that zone, rather than just topping out calmly.
Which would fit the method of prior cycles where resistance zones often becomes support only after a big move and a retrace
i assume those swaps needs KYC, is it true?
Potentially, yes. If a swap goes through Changelly, then we are talking about a service that may conduct AML and SoF checks and ask the user to undergo KYC. This is done on a case by case basis. If the analysis of your coins determines a connection to 'illegal' and 'undesirable' actions, you may be asked to explain yourself. The fight isn't against criminal activity only. Institutions are fighting privacy and anonymity. So, everything you use that improves the two will be considered suspicious and is unwanted.
That is a good framing of the dilemma, Pmalek.
Various institutions and governments are proclaiming that they are interested in hindering criminal activities, yet there seems to have also been an equating of privacy and/or anonymity with criminal activities.
These do not seem to be easy battles since many of us likely realize that privacy and anonymity remain important to us on an individual level and likely that many folks would end up fighting for privacy and/or anonymity if they were able to recognize and appreciate how extensively privacy and anonymity are being infringed upon in current times in the name of supposed policing of supposedly bad people.
This comment is really thoughtful and it is pointing out the real tension which is between crime fighting and infringement on individual rights like privacy and anonymity has gotten blurry.
Governments and institutions mostly claim their purpose is preventing money laundering or terrorism, while I practice equipment that enhances user privacy—like coin mixers, privacy coins, or basic pseudonymity—mostly receives suspicious treatment by default.
Not as though people are against preventing crime—but we want safer systems—but when privacy-enhancing tools are lumped together with criminal attitude, it sends the message that wanting privacy is on itself suspicious which can discourage users from protecting their own financial information
It is not just about fighting crime—it involves control, surveillance, and how much freedom individuals are allowed to maintain in digital spaces. This is a complicated fight and awareness is the key
What to Expect for Bitcoin Following the Inflation Data Shock in the US and Trump’s Statements on China? Here Are Expert Opinions
2025-06-11 23:18:32
With inflation in the US remaining below expectations, the Bitcoin (BTC) price remained stable in the $110,000 band.
The Consumer Price Index (CPI) for May increased by 2.4% on an annual basis, while headline inflation rose for the first time since January, while the overall inflation trend continued to slow. Core inflation remained stable at 2.8%.
Financial markets showed limited reaction to the data, with Bitcoin trading in the $109,600-$110,100 range, while U.S. stocks continued their volatile course with a slight increase.
Nansen Chief Research Analyst Aurelie Barthere said the current data will have limited impact on the market. “This data is not expected to create a strong movement in the markets,” Barthere said, arguing that US-China trade talks have become a more important macro factor. “The progress or setbacks in these talks could be decisive for risk assets.”
Ahead of the CPI data, President Donald Trump announced on Truth Social that a new tariff agreement between the US and China has been completed and only formalities remain. Trump also called on the Fed to cut interest rates by a full percentage point.
Nic Puckrin, founder of Coin Bureau, said that falling inflation and “exaggerated” tariff concerns could prompt the Fed to cut interest rates. “I expect inflation to continue to trend downward throughout the year. This could give the Fed confidence to cut interest rates,” Puckrin said, adding that this could trigger Bitcoin’s final bullish phase of this cycle.
“With almost half of the year behind us, the inflation monster still remains in its cage despite all the pessimistic forecasts,” he added.
I find it interesting and seek to know what your own opinion on this news are.
Link below 👇👇 for more research for findings
https://efsanetr.com/en_US/news/list/4/1/
2025-06-11 23:18:32
With inflation in the US remaining below expectations, the Bitcoin (BTC) price remained stable in the $110,000 band.
The Consumer Price Index (CPI) for May increased by 2.4% on an annual basis, while headline inflation rose for the first time since January, while the overall inflation trend continued to slow. Core inflation remained stable at 2.8%.
Financial markets showed limited reaction to the data, with Bitcoin trading in the $109,600-$110,100 range, while U.S. stocks continued their volatile course with a slight increase.
Nansen Chief Research Analyst Aurelie Barthere said the current data will have limited impact on the market. “This data is not expected to create a strong movement in the markets,” Barthere said, arguing that US-China trade talks have become a more important macro factor. “The progress or setbacks in these talks could be decisive for risk assets.”
Ahead of the CPI data, President Donald Trump announced on Truth Social that a new tariff agreement between the US and China has been completed and only formalities remain. Trump also called on the Fed to cut interest rates by a full percentage point.
Nic Puckrin, founder of Coin Bureau, said that falling inflation and “exaggerated” tariff concerns could prompt the Fed to cut interest rates. “I expect inflation to continue to trend downward throughout the year. This could give the Fed confidence to cut interest rates,” Puckrin said, adding that this could trigger Bitcoin’s final bullish phase of this cycle.
“With almost half of the year behind us, the inflation monster still remains in its cage despite all the pessimistic forecasts,” he added.
I find it interesting and seek to know what your own opinion on this news are.
Link below 👇👇 for more research for findings
https://efsanetr.com/en_US/news/list/4/1/
Re: Naija Novice Hangout {Newbies introduction & Orientation} Thread.
Username: Mighty97
Gender: male
Skill: writer
I dey very happy to find a board for my fellow country people here and this thread wey opportunate me to introduce myself, I sure say this place go dey of many help to me and other people too
Higher we go dey go
I am a Newbie
I twale for una full time
Gender: male
Skill: writer
I dey very happy to find a board for my fellow country people here and this thread wey opportunate me to introduce myself, I sure say this place go dey of many help to me and other people too
Higher we go dey go
I am a Newbie
I twale for una full time
De-dollarization: Hype or real shift in the global financial system?
Hey guys here is a topic from the Big picture I found very interesting to ponder on;
De-dollarization I think is attracting lots of attention, though it still feels ahead of the reality. The USD still maintains leading position in the world trade, finance, and central bank reserves for a purpose: trust, liquidity, and the depth of U.S. financial markets. Nations like China and Russia are pushing options—using local currencies in business deals, raising payment systems without SWIFT, and expanding gold reserves—but these efforts encounter difficult obstacles.
At least there's yet no obvious replacement. Even the euro faces internal political challenges, the yuan is not completely convertible and cryptocurrencies are very volatile and lightly controlled for major state use. In oil business too, where plans to use other currencies get headlines, the USD still dominates because it's stable and internationally approved.
The use of other currencies is gradually growing in bilateral business agreements, and sanctions have made some nations weak of relying too heavily on the USD system. Though unless the U.S. mishandles her fiscal position or weaponizes the dollar too aggressively, it's central functions will likely stand.
To conclude, de-dollarization isn't a fairytale— but also isn't a revolution either. It's more of a slow shift at the lines, not a sudden upheaval. The dollar dominance can gradually erode, but for now, there's no serious opponent ready to take its position
What is your view?
De-dollarization I think is attracting lots of attention, though it still feels ahead of the reality. The USD still maintains leading position in the world trade, finance, and central bank reserves for a purpose: trust, liquidity, and the depth of U.S. financial markets. Nations like China and Russia are pushing options—using local currencies in business deals, raising payment systems without SWIFT, and expanding gold reserves—but these efforts encounter difficult obstacles.
At least there's yet no obvious replacement. Even the euro faces internal political challenges, the yuan is not completely convertible and cryptocurrencies are very volatile and lightly controlled for major state use. In oil business too, where plans to use other currencies get headlines, the USD still dominates because it's stable and internationally approved.
The use of other currencies is gradually growing in bilateral business agreements, and sanctions have made some nations weak of relying too heavily on the USD system. Though unless the U.S. mishandles her fiscal position or weaponizes the dollar too aggressively, it's central functions will likely stand.
To conclude, de-dollarization isn't a fairytale— but also isn't a revolution either. It's more of a slow shift at the lines, not a sudden upheaval. The dollar dominance can gradually erode, but for now, there's no serious opponent ready to take its position
What is your view?
First of all I totally agree with you on this view.
Without doubt this is a good point that has not gotten reasonable attention in personal financial conversations: your decision of a spouse has a great impact on your financial future—positively or negatively.
The wrong life partner can run down your entire resources— maybe through reckless spending habits, poor or no support or direct sabotage. While the right partner can help raise, preserve, and increase your wealth ranging from teamwork, dedication, and shared goals.
Financial compatibility is very essential even as emotional or physical attraction. It is beyond the income, but how they think about how much they earn, risk involved, long-term goals and priorities or responsibility
Indeed, deciding on who should be one's life partner is one of the most crucial economic decisions one will ever make—though it is rarely appears on financial counseling lists
Without doubt this is a good point that has not gotten reasonable attention in personal financial conversations: your decision of a spouse has a great impact on your financial future—positively or negatively.
The wrong life partner can run down your entire resources— maybe through reckless spending habits, poor or no support or direct sabotage. While the right partner can help raise, preserve, and increase your wealth ranging from teamwork, dedication, and shared goals.
Financial compatibility is very essential even as emotional or physical attraction. It is beyond the income, but how they think about how much they earn, risk involved, long-term goals and priorities or responsibility
Indeed, deciding on who should be one's life partner is one of the most crucial economic decisions one will ever make—though it is rarely appears on financial counseling lists
The visions laid down are quite enticing and a little unsettling reasons being that so many of the discussion is already unfolding.
1. AI is now very active in white-collar jobs, outside factory work. They now involve in legal writing, code generating, or logistics management.
2.Quantum computing, though very much early has great potential—coming from fields like weather prediction, cryptography and drug discovery.
3. Blockchain and tokenization of real-world assets (RWAs) are presently being tried by commercial sectors (banks) and governments, and we're witnessing CBDCs (Central Bank Digital Currencies) being rolled out or piloted by many countries.
You talked about Universal Basic Income (UBI), now is turning out to be realistic and job displacement skyrockets. With Musk and Gates advocating for it as possible solution, it might end up being the best way forward.
The matter of geopolitical conflicts and inflation are speeding up the changes instead of delaying them. When economies are stressed, there's more wellness to try new system. Like COVID-19 did with remote work and digital payments. Ongoing wars, trade tensions and energy issues might do same for AI, automation, and decentralized systems.
We are heading to a world where technology is not just supporting the economy—it has become the economy.
1. AI is now very active in white-collar jobs, outside factory work. They now involve in legal writing, code generating, or logistics management.
2.Quantum computing, though very much early has great potential—coming from fields like weather prediction, cryptography and drug discovery.
3. Blockchain and tokenization of real-world assets (RWAs) are presently being tried by commercial sectors (banks) and governments, and we're witnessing CBDCs (Central Bank Digital Currencies) being rolled out or piloted by many countries.
You talked about Universal Basic Income (UBI), now is turning out to be realistic and job displacement skyrockets. With Musk and Gates advocating for it as possible solution, it might end up being the best way forward.
The matter of geopolitical conflicts and inflation are speeding up the changes instead of delaying them. When economies are stressed, there's more wellness to try new system. Like COVID-19 did with remote work and digital payments. Ongoing wars, trade tensions and energy issues might do same for AI, automation, and decentralized systems.
We are heading to a world where technology is not just supporting the economy—it has become the economy.
Good evening my people.
I been just dey waka for gambling board this evening wey I bump into this thread, and I say I need bring am come here our local board make we also chook mouth inside this matter. As a correct Naija man wey you be, if you actually find yourself for this kind of situation, wetin go be your next line of action?
You go give am the money, abi you go freestyle am.
I been just dey waka for gambling board this evening wey I bump into this thread, and I say I need bring am come here our local board make we also chook mouth inside this matter. As a correct Naija man wey you be, if you actually find yourself for this kind of situation, wetin go be your next line of action?
You go give am the money, abi you go freestyle am.
I recently view this post from a facebook user about gambling story. I rarely find a gambling story post since I didn’t view gambling stuff on facebook so I became curious.
Here’s the content.
Will you share the profit the way your girlfriend demanded it or split it the way the man thinks right which is just returning the money.
Remember that if he lose the money, he will just give it back again secretly since there’s no consent for gambling.
If only this man shut his mouth right?
Here’s the content.
A man in Uganda secretly took $10,000 from his girlfriend to place a high stakes bet, and won a staggering $100 million. He returned her original $10K, thinking the matter was settled. But she was anything but satisfied, now demanding $40 million of the jackpot, citing betrayal and her “investment.”
Will you share the profit the way your girlfriend demanded it or split it the way the man thinks right which is just returning the money.
Remember that if he lose the money, he will just give it back again secretly since there’s no consent for gambling.
If only this man shut his mouth right?
Here is my thought on this very matter: if I borrowed the money with her knowledge and permission and then realized so much as mentioned, I have to be morally and personally responsible enough to give her a generous share instead of the initial $10k because she agreed with me to take the risk, especially as it concerns gambling. Now I would do so not just because she requested it but because it is the right thing to do. Na relationship we dey, no be business transactions. But if in a cunning way I take and collect the money, I have no choice but to give her anything she asks for, maybe as much as 30-40%, and I won't follow her vex because if the matter bursts, what will I do? I'll have to beg still. I'll replace the money for the sake of the relationship to still continue unless, like that, the relationship has no future again. Lesson: When involving someone else's money, more importantly a partner's money, do well to do it with transparency. The reason is if trust is broken, I doubt if a hundred million dollars can easily patch it.
Avoiding health, car, or renters insurance to saving money may result to poverty and financial wipe out, comparative spending habit is also a financial mistake made by lots of people — this is also known as "keeping up with the Joneses" some examples are; going for a new car because a coworker bought one, booking a trip to Europe because your friend posted photos of vacation from same location and living in a more affluent area to match someone else's standard
At the end of the day, if your expenses match your income, you’re still living paycheck to paycheck. All it takes is a health crisis or job loss to put you in serious trouble—regardless of how much money you make.
At the end of the day, if your expenses match your income, you’re still living paycheck to paycheck. All it takes is a health crisis or job loss to put you in serious trouble—regardless of how much money you make.
Your comments on YouTube and Bitcointalk as sites of education for Bitcoin are largely accurate in this regard, particularly in that you differentiate the hype-oriented content from the more structured, peer-reviewed discussions. YouTube: Broad but Not Trustworthy. are correct to be skeptical of YouTube as a source of education on Bitcoin. YouTube certainly has a large audience and significant crypto content, though much of it is sensationalized. Others go for views and engagement, making videos titled something like “Bitcoin tomorrow $1 million!” or “This altcoin will 100x!!!”, usually with no substance to back their arguments. This is not education, it’s entertainment (and marketing sometimes) .The power & impact of paid sponsorships, affiliate links and other sponsored or paid content is for real. This makes it hard for audiences, especially new audiences, to tell if something is analysis or marketing when content creators are not transparent about these relationships. Take into account that many YouTubers simply aren’t developers or just aren’t that technical, and it makes sense why their explanations are shallow and/or incorrect. But, of course there are some creators that still produce educational and balanced content. They are simply less prevalent, and to find them you generally have to sift through the noise. Bitcointalk: slower, more serious, peer-reviewed. Bitcointalk, as you put it, goes about things in a completely different manner. It is text, not image-based; it is community-moderated, and it is based on collaborative learning. Because other people can edit, critique, or add to posts, the information is reliable over time. The guides on Bitcointalk tend to be long and technical, written by people who do understand the code or have real experience. And because it has less to do with virality and more with actual conversation, it is a better space for serious learners interested in things such as private key management, running nodes, or how the protocol works to learn the nuances.
Re: Several Platforms to Make It Easier to Check SmartContracts
Good. Many people believe those "verified by hacken" stickers and such nonsesence.
I know a guy who works at hacken, and their security checks are "medium" at best, not to mention that anyone can find a sticker on google images and put it on their website.
I know a guy who works at hacken, and their security checks are "medium" at best, not to mention that anyone can find a sticker on google images and put it on their website.