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Showing 20 of 432 results by Obulis
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Board Marketplace
Re: Should crypto have a 'savings account' option?
by
Obulis
on 22/06/2025, 18:24:44 UTC
Imagine saving Bitcoin and earning interests on it when it has gone down and when it goes back up, you are in double profits margin, because it will be too risky to not have a way save your assets and your profits from the falling market and waiting for when the market is favourable.

Yeah , imagine a money printing machine where everyone gets money by doing nothing, how could that be not a great idea?
Remember Celsius, that was a savings account, you would deposit your coins, get interest on it and then....you would have no more coins.

What part of "be your own bank" did you miss?


Being a junior to crypto market!
Before now i was thinking it's a new idea (saving Bitcoin and earning interest! ). But seeing this post and replys, history has already revealed itself. This means this forum is working and that makes it a golden privilege to be here. For sure others newbies not necessarily newbie to the forum but newbies to crypto in general would express same knowing and gratitude.

BE YOUR OWN BANK!
Here’s what it means;

Being your own bank means being in total charge of your finances. You manage your assets and make independent investment decisions. This gives direct control over your wealth. Empowering yourself through decentralized finance.

Coinbase does this already.

For there to have been history on this which was never favorable to the hard earned assets of individuals, this somehow makes OPs work a kind of bait to uninformed (newbies to crypto). This history can likewise repeat (as in unfavorably).
Guide your assets by being your own bank! If you want your assets to gain more, you take the risk involved. Not a waiting to mostly an unfavorable outcome in the name save and gain interest....
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Topic
Board Marketplace
Re: Should crypto have a 'savings account' option?
by
Obulis
on 22/06/2025, 05:26:52 UTC

I totally get your point about the need for safer crypto savings options, mostly during volatile periods. Just like traditional bank savings, the  view of earning interest on Bitcoin makes sense and would mean a big difference to Bitcoin and the crypto market generally. It would for sure create a much-needed assets security during market downturns, making traders to profit from both interest accumulation and eventual price recovery.
Post
Topic
Board Bitcoin Discussion
Re: Government acknowledging bitcoin is not always a good thing
by
Obulis
on 16/06/2025, 21:47:49 UTC

Your skepticism is reasonable. Somehow, government recognizing Bitcoin appears to be positive, because of the normal psychological effect of reliability that happens when it is that the government is in support of something (just guessing anyways). it's always not. Base on this, Bitcoin is regularly confined to a speculative asset instead of a fiat currency.. It is obvious governments usually make use of this "acknowledgement" to impose high taxes and destroy privacy, which definitely discourage investors. Some endorsements are very detrimental sometimes.
Post
Topic
Board Bitcoin Discussion
Re: From Losing Everything in FTX to Starting Over With Bitcoin
by
Obulis
on 16/06/2025, 21:18:09 UTC

powerful narrative of resilience. From  crushing loss to unexpected comeback, deeply resonates. It is really devastating to lose your last card (as in all your savings) or money you couldn't afford, painfully as a result of broken trust. Your go ahead to get Bitcoin to regain control speaks voluminously. This goes beyond investment to be a declaration of autonomy.  You chose to turning helplessness into action.. Your story is a lifeline to others going through the same agony likewise to those that might be in such. Hope can come back in the strangest ways, spiritually as well as financially, this is a second chance and it's completely yours. I am grateful that you have shared this moment of bravery.
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Topic
Board Economics
Re: Diversify your assets.
by
Obulis
on 16/06/2025, 13:01:49 UTC

This story is a sobering reminder.
Real estate can be stable, but any asset is susceptible to concentrated and unavoidable risk, such as flooding, market crashes, or policy changes or shifts etc which can tell negatively on investment.

 The devastating death of his fathers financial life highlights your significant lesson:
  1 Diversify across different industries.
 2 Spread physical assets across the globe.
 3 Insure as much as possible

 It's Unpredictability that defines risk not just volatility.
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Topic
Board Off-topic
Re: Question to all men
by
Obulis
on 14/06/2025, 14:01:25 UTC
Let me start!!
You can easily lose a woman you are in a relationship with and don't force a woman into a relationship with you even if you feel the most lonely!!


Many people might dispute my claims. However, I have learned that true love cannot be bought with money or material possessions. A woman can be loyal to a rich man because of what she gets from him. But she will spend her money on a poor man she loves.

A woman can easily forgive you for any sin but cheating breaks their heart easily. You will lose the trust and commitment of a woman if you cheap on her.

This a significant fact:
Love is not transactional. Wealth can cause pretentious loyalty, but true affection, regards and loyalty is far beyond material gain.
You have also pointed out the disappointing impact of cheating. How that it can negatively affect commitment and trust in a devastating way that is not common with other mistakes or behaviors.
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Board Off-topic
Re: [OFF-TOPIC] Appreciation Thread.
by
Obulis
on 14/06/2025, 13:43:30 UTC

It's good knowing that you're enjoying being here and have built a genuine connect with Zachary Abraham. His readiness to listen and his humble, hard-working nature for sure left a strong impression.  It's refreshingly encouraging to find such good vibes/interactions. 
This thread is a new idea to appreciate members of the community.  I guess it have good impressions whatsoever (but also wondering about its implications).
However,
 I appreciate you (OP) for being appreciative.
Post
Topic
Board Politics & Society
Re: Is it good to take decisions when one is angry?
by
Obulis
on 14/06/2025, 12:56:28 UTC
Making decisions when you’re angry is like driving through a storm. You can’t see clearly & you’re more likely to crash. Anger clouds judgment, narrows your focus & pushes you towards short term reactions instead of long term solutions. You might say or do something you’ll regret, just to feel better in the moment. Wait until you’ve cooled down, clarity comes with calm.

In the rage of anger, the minds/souls eyes is blind, so blind that  driving in the storm might even be better off, because you can decide to slow down. To be more specific, acting in anger is more likened to not just driving but driving speed through a storm..

Ordinarily, when an idea strikes your mind the best thing to do is conserve it. Sometimes you will later realize it wasn't worth launching or more insight will show up making it a better approach.. To talk of anger that is already launchable in action or words.

Deciding when angry has left so many regrettable pains even life time pains.
Calming down can work magic
Post
Topic
Board Nigeria (Naija)
Re: A little research can change your life
by
Obulis
on 13/06/2025, 19:10:35 UTC
In the current situation, about 60% of people are focused on short-term investment. When they lose all their money in short-term investment or trading, they get very broke and they start saying that all this is fake. The risk of losing your money in short-term investment is much higher. Nowadays, many people start trading by watching trading videos or hearing from someone, they never research these things to see which one will be good for them. If they did a little research before stepping into this trading, they would never have traded and would not have lost their money in trading.

If a person makes long-term investments, such as buying continuously based on his stable income, then his chances of profiting from his investment are much higher. If a person sets his goals before investing, such as how many Bitcoins he will accumulate in his portfolio, how long he will hold his holdings for, if he plans to invest in all these aspects and holds them for the long term, then he can benefit from his investment.

Short-term investing has high risk that usually causes serious losse. In contrast, long-term investment, mostly with a planned strategy like accumulating specific assets for a long time based on stable income, significantly multiplies profit potential. Defined goals are crucial for a successful investment, likewise making thorough research. Knowing who to take investments advice from and so on...
Post
Topic
Board Economics
Re: Delayed Gratification - sacrificing your immediate pleasure today for future
by
Obulis
on 13/06/2025, 14:49:00 UTC

image generated by Meta AI

If you're one that have been doing this, I know that it's never easy, but I've got a few questions that could help some of us here, including me :

1. In what percentage of your income you set aside for investments and savings? and do you still manage to provide necessities without you or your family being deprived from living comfortably?
2. Do have regrets on the things you have missed because this portion of your money went to investment and savings?
3. How do you stay motivated? Especially when the market is down.
4. What are your advice(s) to those who wants to go full with investments?

Me, I honestly been slowing down on my travels, boys night out and impulse buying. I'm starting to convert them into long term investments and Imma tell you this, it's never easy lol  Cheesy.


Please share your experiences, struggles, strategies, and success. It will be much appreciated, especially for those who have yet to start going all in with investments and savings.

Cheers! 


Undermining immediate benefits to get  greater benefits in the near future is Very very essential for achieving long-term objectives ranging from financial stability, career success to personal well-being by cultivating discipline and patience. Delay gratification is a key part of self control.

This is a fantastic topic and it's clear you're not alone in this matter (delayed gratification).  it is hard to cause a balance between immediate pleasures and future financial stability when temptations and requirements of life are ever present. This topic is incredibly important. Many of us, for sure, can relate to your journey to cut back on impulsive purchases and many other looks fantastic but financially helpless lifestyle...

To answer your questions

1. Percentage to set aside depends on the how much earning the way I do it. There should be personalized analysis based on earnings and targets to determine amount to be set aside.

2. There is nothing to regret about. Initially I used to regret if it didn't all work out but over time I realized there's no reason to regret.

3. No regrets

4. Self analysis if you really need to, then get professional help.
Post
Topic
Board Politics & Society
Re: Niger delta country and Biafra county
by
Obulis
on 13/06/2025, 13:42:36 UTC

What I know about the Niger Delta fight was mainly because of marginalization, the Niger Delta region was the smallest region in Nigeria and as at then the government where not given them attention mean while the oil that is feeding the nation was coming from there and so the Niger Delta people said no they will not accept this marginalization and they started fighting by destroying pipe lines where oil was pass through, they may have now requested for there own country so they can stay alone as the first was going on, but the main reason for the fight was because of marginalization.

Well if you say Niger Delta, you are for sure talking about 6 states now (rivers, Delta, akwa ibom, edo, bayelsa and cross rivers). They were never small in the manner you are looking at it, sure population has increased everywhere.
So looking at the marginalization you pointed, it was basically the ijaw area of the Niger Delta which encompasses part of rivers, bayelsa and I think Delta State. I guess you saying that Niger Delta "was the smallest region in Nigeria" means they are now big... Or better I don't really understand that..

Niger Delta is the whole of south-south and ijaw is just a part of the ethnic groups in the Niger Delta.

As of the oil even back then, it was not just the ijaw region of Niger delta that produced oil, I guess they are not even producing up to half of the total production right now..
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Topic
Board Politics & Society
Re: 30+? Name one mistake you did to help others
by
Obulis
on 13/06/2025, 12:33:24 UTC

Thinking that I would get a job immediately after
graduation from the high institution
Which seems like a fairy-tale based on nationality
and geographical location secondly.
Being afraid of doing mistakes is another mistake
I made

There should have been other bigger mistakes than this because to me I don't see a mistake there because there wasn't anything lost but on the contrary what you think is a mistake can give you a destiny helper, however a lot of the things I could have gotten wasn't because of mistake but it was because of not getting advanced to the minimum years they needed on the job so I just had to watch others having the job. Then the mistake I had wish to be corrected if not that is not possible is the acquisition of property because in my country is lucrative so i missed a lot of them without thinking about the future.

Hoping to get job immediately after graduating and being afraid to fail you say you don't see any mistake with that and that I should have pointed a bigger mistake.

First of all, when you say there should be a bigger mistake means they're actually a mistake so you contradict yourself saying that you don't see any mistakes...

But then imagine such mindset and the disappointment that followed.. Psychologically, hoping to have a job immediately after graduation will make you not to cease opportunities as a student or even create one because of the helpless waiting for a job mindset that might have set in..
Also I guess you believe on not staying in the comfort zone right?
The FEAR OF MISTAKE/FAILURE IS AN ENEMY OF PROGRESS. It has kept so many in there comfort zone penniless, others in a toxic environment and this will be as long as.


A higher institution student hoping to get job immediately after graduating (don't forget location differences) and any one being afraid of making mistakes are big problem that can cause more harm than you think. It has left people in shambles and it Is still doing that.
Post
Topic
Board Economics
Re: The rich buys wealth while the poor buys liability
by
Obulis
on 13/06/2025, 11:05:33 UTC
If you ask what the difference is between the rich and poor, the overwhelming response will be MONEY, this is true but it goes deeper, a major factor is also their mindsets. The rich creates wealth but the poor doesn't, most poor people don't think outside their comfort zones. Rich people invests their money and from the profits they can buy whatever they desire but the poor buys liabilities that depreciates. Rich people builds wealth and it continues to generate money for them, they keep reinvesting and diversifying their income to generate more wealth. But if you give most poor people huge amounts of money, instead of investing it in a profitable investment like Bitcoin they will use the money to buy material things that they have been dreaming of like a car or buying that room size TV that they have been dreaming to own.

If a poor person that has a poor mentality suddenly owns a lot of money maybe through inheritance or hitting the jackpot, they will misuse the money. But if a poor person that has a rich mentality suddenly owns a lot of money they will diligently research and invest the money in a profitable business or investment. From their profits they can gradually afford to buy the things that they've always dreamed of and their assets will be yielding more profits. To become rich you need to think like the rich even you're not there yet, many rich people where not born rich, they were value driven.

From OPs point of view, it is very clear that money happens inside first before outside. That's why the difference between two poor people who finally got golden chances. One will tend to keep up with these gold even if not as large as it came but time has much to say. As for the other person, it is time that finally says it all also. They keep withdrawing on decomposables all times without replaceables.

As the case is, seeing money to be the differences between the rich and the poor is a dead perception and a staggering now baseless conception. The same conception has revealed that some who are said to be rich are rich (has money) because of the privilege they have and nothing else. That is why you will see some who handled a high office but has nothing live a comfortable life after few months or years in that office.

On this, it is obvious that one is rich  (inside) before being rich (outside). So that money (seen) is not really the difference between the rich and the poor but mindsets (which defines responses or attitudes to life).
There are many factors to money making definitely (controllables and uncontrollables).
Therefore:
This didn't in any way handle money making completely but is pointing to an invaluable aspect of the process.

Well done OP for this great insight!!

Post
Topic
Board Economics
Re: Difference between poor and rich behavior
by
Obulis
on 13/06/2025, 08:23:52 UTC
Poor buying when things expensive they are expert buying top in everything and FOMO in also the middle class are expert on buying highest prices and not just buying they buy it with credit.
Rich buys when something is with good price low price poor buys just to spend money.
Middle class behave like poor too they buying expensive.

You are generalizing the buying behavior of the rich and the poor without presenting datas to back up and just relying on your observation.
I think you should put a disclaimer that this is just your opinion: if you are poor, you cannot afford to buy expensive things; you can only buy what you can afford. I am not really rich and consider myself part of the poor sector, but when it comes to buying and budgeting, my priority is the basic necessities based on my capacity, and when there's excess, I buy budget-friendly items. If you're poor and you overspend, you will have big issues with your budget.

Indeed the generalizing is obvious since someone can't even buy in some shops if poor and this shops are obvious expensive even with common commodities. The OPs views are not concrete enough to really make the point intended.

Post
Topic
Board Economics
Re: Your preference between the stock & bitcoin market.
by
Obulis
on 12/06/2025, 21:15:19 UTC

 preference between stock and great Bitcoin?
This can't be without the level of knowledge, history and peoples experience, personal and immediate interests and trends.

People's orientation to life can affect their preferences. Looking at stock and thinking of how long it has been some will without any look on Bitcoin always invest on stocks and this most have been the case for many people.

Looking at trends which is still a result of orientation to life, Bitcoin is top preference.

Immediate interest could be how quickly returns you need which likewise influences certain response

The people around someone can be a great influence too. E.g being around someone from this forum could likely make Bitcoin the most preferred.

For me, venturing into both is the case so that the preference wouldn't be permanent but based on concept at one point or another.
Post
Topic
Board Politics and society (Naija)
Re: Nigerian youths are no longer interested in apprenticeship.
by
Obulis
on 11/06/2025, 16:19:19 UTC
The reality be sae people are no longer interested in learning skills compared as em d many years ago. I don't know how the future of our country go later be if everybody begin to lose interest on learning skills to focus on G and Naijabet. You know sae na big problem our country go d so, and we need to save ourselves and our future from the mess that is about to befall us, so that we no go be in a situation that em get some certain things wey we wan do, we no fit find people wey go do am for us. That wan no follow

Hmm this matter I no think say na news at all at all. Cuz e dey very noticeable for almost everywhere of which the online itself they testify.
Anyway, to be more correct for this matter. Na to put am say the number of youths, even under youths(-18) wey no wan learn handwork dey higher than ever before.

Nairabet no suppose stop person from learning skill na.
A look into this matter go show cases like impatience, ignorance, disobedience, arrogance and carelessness etc of this youths.

Some of them na the major case on the topic wey I been talk about (Pretend entrepreneur online)
https://bitcointalk.org/index.php?topic=5545942.msg65455893#msg65455893

Them carry online 4 head wey be say them no even gat any thing to offer except to make people click by any means (click baits) and or spend their hard earned naira for stuff wey them no dey even do.

On this our 9ja don Shatter already. Because na youths be the future!!
Just as the fall away from handwork begin na so fall away from farming happen too which actually na part of handwork in a way too.
The same youths no gree farm. All this I believe na em start waiting we dey face now! (around 80s I guess). Until now wey agriculture no even follow for handwork and the ones wey dey as handwork now many no dey reason based interest on quick fix.

To say the  effects Don befall use already but more heavier than this go fit still happen.
If you analyze, these fall away from learning handwork /farming be the major reason wey make youths engagement for electoral violence increase. As politicians dey one side dey make getting of jobs difficult for graduates(school and professional education).

Youths na the answer some how. We say na democracy we dey follow, na for youth to disengage from some things!!
This go for sure help our 9ja fit get chance to reclaim our lost glory and even more!

Post
Topic
Board Politics & Society
Re: What does democracy mean!
by
Obulis
on 11/06/2025, 12:27:38 UTC
In my country democracy is a government of the people by the people and for the people. It's a system where even non governmental bodies are also allowed to voice out their opinions on matters arising in the country.

Yeah.. this was the exact definition and similar explanation of democracy that was given in my social studies junior secondary education.. A system of government where the majority is supposed to always win a vote.
The definition makes sense and so simple that everyone can say it off hand!!

But very far from the  reality, democracy (in nations that claims to practice it) remains a fantasy in many underdevelop and developing nations (painfully in nations that are not tied of being developing nation).

In this places (underdevelop, developing and not tied to be developing nations) democracy is just a demo crazy, far from what democracy is supposed to be..  However I think time will help, but I believe the majority of the people in those places has so much role to play ranging from electoral reliability to many others since it is democracy after all.

As for countries like US where the event pointed by OP is taking place and other nations that has developed to that free will,
I say kudos!!


Post
Topic
Board Economics
Re: Saving is not enough
by
Obulis
on 07/06/2025, 18:00:23 UTC
Earning money is hard, saving money is damn hard, getting rich and being able to live comfortably is insane.

For me saving just for short term, you can't earn anything and your wealth will decrease over time. People have to take big risk if they want to be rich, if they only take some risk or little risk, it's not enough.

What does big risk mean? it's a risk where you can lost all of the money you invest e.g. start a business, invest in new thing etc.

After being able to earn on a steady base through a job or business. The next move is to check earnings with spending. Spending more than earning could be a different form of poverty even when your income is in thousands of dollars monthly.
This is where hard saving comes in.
Saving can handle some emergencies, but cannot be left for just that. It makes sense to try putting savings to work for that big risk (even if small risk) the point is to leverage your resources.
This means that saving is not enough as it can mean helplessness
All this doesn't mean not necessarily having money in the bank
But trying out other means of income other than the already paying one.
Post
Topic
Board Economics
Topic OP
Honoring the ordinary that makes life extraordinary
by
Obulis
on 07/06/2025, 15:26:54 UTC

Honoring the ordinary that makes life extraordinary

Simple inventions but doing wonders

There are alot of humble and simple tools/products that have affected and still affecting humanity wonderfully. Doing wonders but very simple and common some of which are everyday use equipments.
Some of this tools (products) are capitals as they are required to do business. This proofs how simplicity always drives exceptional progress.

Example of simple invention but doing wonders

KNIFE.. As simple as a knife is I guess it is clear the wonders that this invention/tool is doing everyday. From the kitchen to the industry. Helps in cooking of food that human beings cannot do without for so long. The economic impact and importance is real.

Let honor this tools
 What other tool(s) is a simple invention but doing wonders in human life and what wonders is it doing?
What's the economic impact and importance?
Post
Topic
Board Nigeria (Naija)
Re: [OPEN]Nominate your posts to get some Merit
by
Obulis
on 07/06/2025, 12:58:19 UTC
I'm happy to announce that all posts were eligible to receive some Merit, which is distributed so far. You can keep the nominations coming in my topic and I will review all nominations on time. Happy quality Posting @all.  Smiley

Well done on the smooth distribution of merit so far. For sure nominations will continue and also from my end should another phase be. I appreciate your steady and quick reviews. This is Instigating quality posting therefore elevating the forum’s standard.. Cheers to the community!