Lol, typical Nigerian youth, always dabble in to something for a quick bucks. I bet this op just started trading/investing in crypto this year, there is actually not much difference in hustling online and ofline. If you want real money in crypto, you just have to hodl provided you invest in a good project. What was the value of doge coin in January 2017?
Crypto can make you a dollar millionaire if you know what you are doing but PATIENCE is the key word here. I have been in crypto since 2015 , i have seen this cycle many times
BTC has proven over time to be a better store of value than fiat.
If you involve yourself with any commodity or instrument that is subject to price movement then market corrections is inevitable. It's basic economics.
And talking about the impact of crypto on our local currency my response is short... Crypto has come to rescue us from poverty Which has been designed by politicians without morals.
You can invest in stable coins and do lending or staking on Defi platforms and get good returns better than what your banks can ever offer you.
The crypto space accommodate everyone depending on your risk appetite.
I think you should be more bothered about the fact that your government has been short-changing you by printing unlimited amount of the Naira with no corresponding value added. Everytime they print Naira like that the value of the Naira in your pocket is depreciates and that's the real issue.
We all know that only 21 million unit of BTC will ever exist. That's the beauty of Blockchain smart contract.
Can you tell me how many units of the Naira is in circulation?
BTC is not even 20 years old and you've already made that conclusion? Less than 5% of the world population uses cryptocurrency, let's see what happens when 50% of the world is spending crypto and see whether you can still make the same assumption in bold. The central question everyone shopuld be asking is simple, we all know fiats are backed by the various economies, what backs bitcoins? The sooner people dig into the answer to this question, the better. All it took was for Musk to tweet and China to stomp their feet for BTC to fluctuate wildly, what would then happen when an outright ban is instituted by the world's major economies?
There's no potential in shitcoins. Why are they called shitcoins?
Not all shitcoins are pump and dump. A number of them have inbuilt mechanism to avoid a single whale owning more than a certain percentage so as to prevent an individual from having such power. Most top coins today started as shitcoins that developed utility overtime. The guy who bought pizza with 10000btc at the time am sure he thought it was useless. Of course with shitcoins there is a time to get in and also get out
Maybe you are one of those who buy things because you see others buying it...Maybe
May I let you know that Cryptocurrency isn't a scam. It is a business and not a game.
It is so funny when you see people buying stocks, shares, token/coins,gold etc because they see the price going up. These are the things you need to know before joining the band wagon;
1. What's the usability of the coin/token 2. Who controls it 3. How much of it are in the hands and control of the developer 4. What's the market capitalisation 5. What's the total supply and how much are in supply now. 6. Is there plan in the future to burn unused coin. 7. Etc
Don't expect a coin with a total supply of 100 billion to out beat a project with 100 million units in supply. Tron Vs Maker
Trading and Investment is not for faint hearted and greedy people. It is a business where you buy and hold (HODL), except if you are a guru, you could be trading the fluctuations (Volatilities).
There is no scam in Cryptocurrency business, except those investing in Cryptocurrency ponzi , pump & dump and shit coin with false promises.
Note, if you wish to make money in Cryptocurrency , look for a good project and hold for at least 3 years. Now that the market is creating another opportunities to go in. We buy in the bear market and sell in the bull market. Buy low & Sell high.
the advancement of blockchain , like trc20,etherem and bep2 has made it so easy that any body can create token and scam the masses
If u did read my post , I wrote go for coin or token with real world usage
I got to know about "SHITTY COINS" this year, and I was Amazed at how much many people have been COMFORTABLE with PARTING AWAY with Their Money RIDICULOUSLY without PROPERLY UNDERSTANDING The Intricasies of What They are getting into.
It's actually a Surprise that Many people PART AWAY Their Money on SHITTY COINS. However, this is one of The Power of The INTERNET.
The Rampant Spread of INFORMTATION and OPPORTUNITIES - no matter how INGENUINE, RETARDED, UNSAFE They are; People must CLINGED To them.
You could refer to The Concept of SHITTY COINS as one of The Many BEAUTIFUL NONSENSE That Cryptocurrencies will Produce. Ofcourse, there would be more SHITTY INNOVATIONS.
However; this will not make UTILITY CRYPTOCURRENCIES become Scam.
As a Cryptocurrency-God Who've created Three (3) Cryptoturrencies and Owning Two (2) of Them on The Ethereum Blockchain; I can say it is the Fault of Many People that They have REFUSED To FINANCIALLY EDUCATE THEMSELVES before They Venture into Things.
People are Constantly Deliberately choosing to IGNORE FINANCIAL EDUCATION and Are Not READY to LEARN From The Scratch and Fully Understand The Basic Concepts of ANYTHING.
They just always want to JUMP into ANYTHING That They HEAR or SEE.
They Forget that There's A JUDAS for Every JESUS and An ISCARIOT for Every CHRIST.
They Forget that There will Always Be SCAMMY And SHADY INNOVATIONS Around Every CREDIBLE OPPORTUNITIES and INVENTIONS created in LIFE.
The INTERNET was created for Us to INTER-NETWORK; That is - It was created for Us to INTERNATIONALLY NETWORK.
Now, to a large extent; We can all Enrich and Empower Ourselves Rightly if We INTER-NETWORK Genuinely with each other.
However; Many So called "Yahoo Yahoo" Boys have Polluted Almost All The Entire INTE-NETWORKING Space with Their HIGH LEVEL of CORRUPTION Online.
Alot of Atrocities have been committed ONLINE Making The INTERNET a very SCARY PLACE for People to CONNECT and INTER-NETWORK Optimally.
We need to start Creating Solutions for The Entire Internet Space.
The shady deals that go on online is KILLING DIGITAL ENTREPRENEURSHIP in Afrika particularly Nigeria.
And THE BIGGEST SOLUTION, THE RIGHT SOLUTION, THE BEST SOLUTION To Create That will Cover ALL The Niches on The INTERNET with CRYPTOCURRENCIES inclusive is to Begin A FREE DIGITAL SENSITIZATION CAMPAIGN That will:
E - Educate,
E - Enlighten,
E - Expose,
E - Engage,
E - Empower Those who will be INTERESTED in Achieving Their FINANCIAL FITNESS by Personally Deliberating Themselves to be EDUCATED.
We cannot Stop Cryptocurrencies in This Digital World of Today.
It is above Every Man-made Government of The World because it is an INTELLECTUAL PROPERTY that Superceeds Their WORSHIP OF PHYSICAL MONEY INVENTION.
I'll create a thread which I'll dedicate to EDUCATING People on Cryptocurrencies.
I'll make it A QUESTION And ANSWER Thread where Anyone can ask any Question so that I'll be faced with RESPONDING To RELEVANT Questions.
Best Regards.
~ MESSIAH. ONI, Ayodeji AnthonYeshua
PS:
The Display Pictures below represents The 2 Cryptocurrencies which I personally Developed on The Ethereum Blockchain. Both Cryptocurrencies are UTILITY COINS and They are Not SHITTY COINS.
I Developed Them Last Year and I am yet to Launch Them as I've Been Practically Working on The USAGES of Both Cryptocurrencies.
As You would Notice: The Name of Both Coins are called: NairaMarley Coin (NMC) and POVERTY ALLEVIATION COIN (PAC).
The Purposes of Both Cryptocurrencies are Encrypted on The Display of Both of Them Respectively.
Read my post very well
Coin with real world usage of it has no real world usage it is just a scam
The mod is still a novice I would say but people that are looking for fast money would get duped crypto forex etc if you don’t know about something don’t invest get enlightened first
The post is not for someone like u , it is for people that are losing their hard earned more to pump and dump trash coin and knows a little on token or coin to buy and hold
XOTHEHOST: you just mention 2 rubbish coin TRON AND WINK ALL JUSTIN SUL PROJECT NA SHIT am sure you are NEW into crypto IF YOU WANT TO INVEST BUY BETTER COIN LIKE BNB SOL XRP ADA DOT ALGO etc alway remember to do your own research DYOR
I bought the coin for $3 per 1 and hoping it will hit 200 some day, coin dropped below 30cent and now i just kommot eye and leave the coin, I'm hoping it will hit $5 one day and anytime it does.
I dump the rubbish coin.
It will , I think it was because of a legal issues that's why but it will still pump and remember the rate of dollar then and now is not same if u are check the rate with current rate
Toks2008: lol well the truth is those shit coins could be major coins in years to come.
Just know what you are doing and if you must invest wisely, for for the known coins like Bitcoin, Etherium, lite coin ,dash and so on. And if you can get free coins why not.
You can watch thus update about Bitcoin and cryptocurrencies to understand the fluctuating nature.
Cryptocurrency investment is not a scam at all... You just have to be very patient.
Is there any investments without risk? Can you be rich or Wealth without taking Calculative Risks? Buying and Selling of Stocks and making Gains or Profits is about how the Market is persived- buy Low Sell High to make gains. The Problems with Bitcoins etc is that they have no Office where you can locate to complain if you lost in Business. Big men like Elon Musk have made good money from Crystocurrency and have dropped off but other will do same. China has just done same because they knew Crystocurrency can never be Dollars!
Whatever you're doing now,if another pandemic or crisis happens now and you're indoors for the next 3months[font=Lucida Sans Unicode][/font] WILL IT SURVIVE YOU?
Guy man dey shill Tron. The examples you gave simply means you have no idea about Defi.
Feg and Safemars are already playing a role in the Defi space.
Safemoon is a token to have. If they come through with their exchange even Binance will feel the heat. A token with over 2 million holders. The holders are enough to build a sustainable exchange business
In as much as u hate to admit it but actually tron and wink is the only blockchain and token with actually a real world usage u can benefit from
Toks2008: lol well the truth is those shit coins could be major coins in years to come.
Just know what you are doing and if you must invest wisely, for for the known coins like Bitcoin, Etherium, lite coin ,dash and so on. And if you can get free coins why not.
You can watch thus update about Bitcoin and cryptocurrencies to understand the fluctuating nature.
Cryptocurrency investment is not a scam at all... You just have to be very patient.
So-called fundamentals only accelarate price movements in already predetermined (largely psychological) directions. And big market makers, institutions use this advantage over most retail traders who are unaware of the concept. Patience and a good knowledge of the markets are key.
Bigshoe2028: I will make this short and understandable
A lot scam is going on crypto currency space It is called pump and dump
Early investors pump and once they made enough they will dump the coin and run with their profit we are not calling about thousands they chop millions to billions
This scam is world wide since crypto is digital
How to avoid before u buy any coin Read its white paper find out the real world usage
Find other similar project is it fail to solve the issue of similar existing coin avoid probably a scam
Avoid all shit coins Safe mooon,safe mars ,elogan feg etc Don't buy even for free
If u want to buy go for coin which is default in a blockchain example instead to buy wink , go for tron
Make I stop here I will update this thread later
Pump and dump is not a scam, it called trading Bitcoin/Altcoin currencies.
BTW my current loss is -$5,926.66, it was -$10,000 yesterday but I holding to recover my loss.
