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Business / Common Mistakes In Crypto And How To Avoid Them. by naijaworkz(m): 4:33pm On Mar 23, 2021
Common Mistakes in Crypto

Cryptocurrency is the new rave but how many people know about the risks and common mistakes involved? We will look at them in this article and also proffer ways of avoiding the mistakes.

1. Investing without adequate knowledge of how the business is done. It is important to research every crypto that you want to buy.

2. Failing to take their cryptocurrency business with the same seriousness as they would other businesses like industries or real estate business.

3. Failing to carry out proper research on the cryptocurrency they wish to invest in.

4. Failing to diversify their investment and investing only in just one coin or token.

5. Having a wallet that they do not have control of its seed words and private keys.

6. Not securing their seed words and private keys properly.

7. Leaving your cryptocurrency in exchanges might cause you to lose money when the exchanges fold.

8. Going with cryptocurrency pumps out of Fear Of Missing Out (FOMO)

9. Not reaching a legal agreement before handing over their funds to the trust of a third party.

10. Signing into cryptocurrency doubling groups, Ponzi, and pyramid schemes.

11. Leaving a trade position quite late or too early. You'll need to master the psychology of trading.

12. Not being mindful of transaction fees. Many newbies have lost a huge part of their investment this way.

How Best to invest in cryptocurrencies?

1. You must gain all the necessary knowledge so that you can manage your business by yourself without trusting your funds to a third party. You may not be able to enjoy the full benefit of the business when you allow someone else to manage the business for you. Ensure to sign an agreement in case you choose to have someone trade for you.

2. Only invest in projects you know of. Carrying out adequate research will help you not fall into scams. You'd have to cover different areas while carrying out the research, areas such as token supplies, token release, token economics, teams, project development, community engagement, etc.

3. Ensure to make use of trusted exchanges for trading. Avoid using questionable exchanges so you don't lose your funds.

4. Engage in different projects by diversifying your portfolio. Invest in low cap and high cap projects.

5. Withdraw your profits at intervals. Ensure to have a considerate profit margin. You can store the profits as stable USD coins (PAX, USDC BUSD) if you intend to retain the dollar value. You can also choose to store in bitcoin just in case you wish to retain the Bitcoin value.

6. You might be tempted to go into a trade when the price is going up, try to avoid such an urge as you might end up losing money to those who got into the trade before you.

7.Ensure you make plans on how you'd transfer the cryptocurrencies to an heir in the event of death. So many persons had their huge cryptocurrency investments trapped after their death. You should inform someone of your seed words or private keys so that your funds are not locked up forever. You may choose to write and seal your seed words and keep them safely in the bank. You may be asked to pay some annual charge by the bank while you have sole access to the key. It is best the heir is aware of the existence of that asset and it is safe.

8. Always consider the transaction fee before every transaction

For the complete tutorial on how to research and invest in cryptocurrencies with huge potential, visit https://cryptoginger.com/how-to-research-and-invest-in-cryptocurrency/

Education / Re: Riot In UNN Over Increase In Tuition Fees ? by naijaworkz(m): 11:41am On Oct 08, 2012
The school gate has been locked and media stopped outside and prevented from going inside by the military. It has been turned to OCCUPY UNEC GATE. It is still peaceful
Education / Re: Riot In UNN Over Increase In Tuition Fees ? by naijaworkz(m): 11:38am On Oct 08, 2012
SAVE US THIS BURDEN AND ANGER.
AN OPEN LETTER TO PROF. BARTHO OKOLO
(VC, UNN)
Dear Sir,
Good day and hope my letter finds you
well? It has been a long time since I last
wrote a letter but I have currently found
myself in a situation that I can not help it
but write to inform you of my
predicaments as regards paying my
school fees.
For the records, I am an average student
just like many of your students with no
scholarship and depend solely on my
middle-class parents for my welfare. We
all had high hopes that as I climb the
levels in my academic pursuit that my
school fees will keep decreasing till I
graduate but this has come to be the
opposite.
It was not without surprise that I saw the
recently released payment schedule for
the 2012/2013 academic session and
with awe, I looked critically to understand
it. One glaring fact was that the sum of
N12,000 termed internet access helped
other slight adjustments to increase the
fees. Sir, I do not want to talk about other
fees like ICT and Visual Lib Access that
appear to be two sides of the same coin
or the ID card fee (which we have paid
for 4years now without getting any)
because I do not have much information
on them but will like to dwell on the
internet access fee (N12,000) which I
have much information on.
Asking all students to pay N12,000 for
internet access is like the Federal
Government asking all Nigerians to get
vehicle plate number when most
Nigerians can not afford cars, some use
motorcycles and others go on foot. The
internet access project is a welcomed
development but a flat charge should not
be forced down the throat of every
student especially when they do not surf
the internet at the same rate and do not
all have access to it.
Some students do not have computers,
some live in school hostels (e.g. Imoke,
parts of Ojike Mbonu hostels) that are not
covered by the internet service and also
attend lectures in places not covered by
the service and since living in the school
hostels is not made compulsory by the
school, some students live off-camp and
yet, all these groups of students are
expected to compulsorily pay for internet
access that is outside their reach.
Some students surf the internet daily,
some, once a week, and others, rarely and
yet all are expected to pay the same
internet access fee. This is a bit analogous
to pay-per-minute that was inherent in
the telecommunication sector at inception
which was broken by GLO Network when
it introduced pay-per-sec that allowed
customers to pay for exact seconds they
made. Sir, pay-as-you-browse is the best
option if we must be made to pay.
In conclusion, I plead that the internet
access fee be reviewed to pay-as-you-
browse and login access given to those
that pay (through ATM cards online, bank
deposit etc) for the service. This
procedure will allow those who surf the
internet more to pay more than those
who surf less and at the same time help
improve the services and pricing of the
internet access project since they must do
so to remain the students’ choice.
Let everyman be treated with dignity as
we strive to restore the dignity of man.
Yours faithfully,
Concerned Student,
University of Nigeria.
email: nwikekosite@gmail.com
View the full school fees breakdown at
http://www.unn.edu.ng/sites/
unn.edu.ng/files/images/UNN
%20Undergraduate%20for
%20Cosolidated%20Services.pdf

2 Likes

Education / Demonstrations Going On In UNEC by naijaworkz(m): 9:30am On Oct 08, 2012
The increase in sch fees and N12,000 compulsory internet fee have generated a peaceful protest in University of Nigeria, Enugu State
Education / Re: An Open Letter To Prof. Bartho Okolo (VC, UNN) by naijaworkz(m): 8:43am On Oct 06, 2012
PER-FECT:
Has d VC gotten dis message now?
I don't think so and that's why it is here and in other places so his friends/associates/someone will call his attention to it.
Education / Re: An Open Letter To Prof. Bartho Okolo (VC, UNN) by naijaworkz(m): 9:32pm On Oct 05, 2012
Anyone can connect &browse with it because they don't have plans of giving personalized password to each student. Pls check the attached document for the fees breakdown and it also covers Nsukka campus.
Education / Re: An Open Letter To Prof. Bartho Okolo (VC, UNN) by naijaworkz(m): 8:33pm On Oct 05, 2012
Please moderator, help this to the front page, we need help from all Nigerians to stop this injustice and possible breakdown of law and order again in University of Nigeria. I no wan add extra yearoooo
Education / An Open Letter To Prof. Bartho Okolo (VC, UNN) by naijaworkz(m): 8:29pm On Oct 05, 2012
SAVE US THIS BURDEN AND ANGER.
AN OPEN LETTER TO PROF. BARTHO OKOLO (VC, UNN)

Dear Sir,

Good day and hope my letter finds you well? It has been a long time since I last wrote a letter but I have currently found myself in a situation that I can not help it but write to inform you of my predicaments as regards paying my school fees.

For the records, I am an average student just like many of your students with no scholarship and depend solely on my middle-class parents for my welfare. We all had high hopes that as I climb the levels in my academic pursuit that my school fees will keep decreasing till I graduate but this has come to be the opposite.

It was not without surprise that I saw the recently released payment schedule for the 2012/2013 academic session and with awe, I looked critically to understand it. One glaring fact was that the sum of N12,000 termed internet access helped other slight adjustments to increase the fees. Sir, I do not want to talk about other fees like ICT and Visual Lib Access that appear to be two sides of the same coin or the ID card fee (which we have paid for 4years now without getting any) because I do not have much information on them but will like to dwell on the internet access fee (N12,000) which I have much information on.

Asking all students to pay N12,000 for internet access is like the Federal Government asking all Nigerians to get vehicle plate number when most Nigerians can not afford cars, some use motorcycles and others go on foot. The internet access project is a welcomed development but a flat charge should not be forced down the throat of every student especially when they do not surf the internet at the same rate and do not all have access to it.

Some students do not have computers, some live in school hostels (e.g. Imoke, parts of Ojike Mbonu hostels) that are not covered by the internet service and also attend lectures in places not covered by the service and since living in the school hostels is not made compulsory by the school, some students live off-camp and yet, all these groups of students are expected to compulsorily pay for internet access that is outside their reach.

Some students surf the internet daily, some, once a week, and others, rarely and yet all are expected to pay the same internet access fee. This is a bit analogous to pay-per-minute that was inherent in the telecommunication sector at inception which was broken by GLO Network when it introduced pay-per-sec that allowed customers to pay for exact seconds they made. Sir, pay-as-you-browse is the best option if we must be made to pay.

In conclusion, I plead that the internet access fee be reviewed to pay-as-you-browse and login access given to those that pay (through ATM cards online, bank deposit etc) for the service. This procedure will allow those who surf the internet more to pay more than those who surf less and at the same time help improve the services and pricing of the internet access project since they must do so to remain the students’ choice.
Let everyman be treated with dignity as we strive to restore the dignity of man.

Yours faithfully,
Concerned Student,
University of Nigeria.
email: nwikekosite@gmail.com

View the full school fees breakdown at http://www.unn.edu.ng/sites/unn.edu.ng/files/images/UNN%20Undergraduate%20for%20Cosolidated%20Services.pdf

Technology Market / Re: Mint HTC Mytouch 3g Slide Android Phones 4sale by naijaworkz(m): 10:35am On Jun 22, 2012
New stock is available.
Technology Market / Re: Mint HTC Mytouch 3g Slide Android Phones 4sale by naijaworkz(m): 12:26pm On Jun 21, 2012
Still available
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More available
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Available
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Still available
Technology Market / Re: Mint HTC Mytouch 3g Slide Android Phones 4sale by naijaworkz(m): 7:42pm On Jun 02, 2012
Still in stock
Technology Market / Re: Mint HTC Mytouch 3g Slide Android Phones 4sale by naijaworkz(m): 7:37am On Jun 02, 2012
Still available
Technology Market / Re: Mint HTC Mytouch 3g Slide Android Phones 4sale by naijaworkz(m): 11:04am On Jun 01, 2012
sa
Technology Market / Re: Mint HTC Mytouch 3g Slide Android Phones 4sale by naijaworkz(m): 5:25am On Jun 01, 2012
1 piece still available
Technology Market / Re: Mint HTC Mytouch 3g Slide Android Phones 4sale by naijaworkz(m): 2:47pm On May 29, 2012
Still available
Technology Market / Re: Mint HTC Mytouch 3g Slide Android Phones 4sale by naijaworkz(m): 5:10am On May 28, 2012
Still on sale
Technology Market / Re: Mint HTC Mytouch 3g Slide Android Phones 4sale by naijaworkz(m): 9:32am On May 26, 2012
still availabe
Technology Market / Mint HTC Mytouch 3g Slide Android Phones 4sale by naijaworkz(m): 5:08pm On May 25, 2012
Mint condition HTC myTouch 3g Android slide phones are up for grab.

Price = N20, 000each.
Location is Enugu.
Color: black, white & red

Technology Market / Re: 5 Inches tablet PC Needed ASAP! by naijaworkz(m): 6:14pm On May 21, 2012
Still needed
Computer Market / Re: *** 5 Inches Tablet Or Epad Needed ASAP *** by naijaworkz(m): 2:16pm On May 21, 2012
Needed
Technology Market / Re: Simple & Cheap Gadget That Can Read Powerpoint & Pdf Files NEEDED! by naijaworkz(m): 2:12pm On May 21, 2012
Needed
Computer Market / Re: 7" Android Tablet PC with GSM Phone Call+Internet Browsing Price: Now N18,000 by naijaworkz(m): 9:58am On May 21, 2012
Osekele:
5" Android Tablet PC/Phone Price is N35000.00 with Simslot, GPS and Bluetooth
R u kidding me?
7" tab wit sim slot= 25k while 5" tab wit sim slot = 35k. What's d rationale behind ur pricing?
Technology Market / Re: GET YOURSELF DIS AWESOME ANDROID TAB...***sleek n smooth*** by naijaworkz(m): 8:06am On May 21, 2012
balogunsam: ok. you should look for an ereader then,not a tablet. i dont think there's any with such battery around 15k tho....except u get som1 desperate to let go a used one.

I don't mind getting an ereader provided it can read pdf & powerpoint 4longer time. If u hv any, pls do let me know.
Technology Market / Re: GET YOURSELF DIS AWESOME ANDROID TAB...***sleek n smooth*** by naijaworkz(m): 11:17pm On May 20, 2012
Thanks man 4ur time man. 4hrs of intensive reading is not bad but relatively short. I'll wait & search 4one with higher battery run time.
Technology Market / Re: GET YOURSELF DIS AWESOME ANDROID TAB...***sleek n smooth*** by naijaworkz(m): 10:46pm On May 20, 2012
K, thanks & hope the file u r reading has a .pdf extension cos that's wat i read together wit powerpoint (.ppt).
Technology Market / Re: 5 Inches tablet PC Needed ASAP! by naijaworkz(m): 3:24pm On May 20, 2012
Any dealer here?
Computer Market / Re: 7" Android Tablet PC with GSM Phone Call+Internet Browsing Price: Now N18,000 by naijaworkz(m): 12:09pm On May 20, 2012
Hello, can I purchase a 5" android tablet pc with or without sim slot from u. If so, wat is d cost & d battery run time.
Technology Market / Re: 5 Inches tablet PC Needed ASAP! by naijaworkz(m): 8:33am On May 20, 2012
Still needed
Technology Market / Re: GET YOURSELF DIS AWESOME ANDROID TAB...***sleek n smooth*** by naijaworkz(m): 8:31am On May 20, 2012
Ok

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