₦airaland Forum

Hi, is there any mutual funds that invests in foreign stocks like the USA stock market? Is it even possible to invest in a foreign stock market from Nigeria?

The persuasive ability displayed by the demons of the Exorcist show is something else, if this was real we did all be possessed, there is no resisting this level of manipulation, they would have won. I beg una, do not bring these demons into this world, the ouija board should be banned at all cost.

Fr Marcus: He wants us to stop, what do you think brother?
Fr Tomas: LETS KILL THE BASTARD
Fr Marcus: ..... ha ha ha ha ha
Fr Marcus: Look, you want it to stop, JUST SAY THE WORD!!!!




This scene is lit.

Guy, do the job, its 3 hours a day if am correct, its your first big one. The real question is it safe for you to go home around 12 pm?

by Chris Hoffman on December 8th, 2017


If the creators of Bitcoin wanted it to act like a currency, they sure made a lot of weird decisions. Bitcoin doesn’t function well as a currency, for reasons that are inherent to its design. It’s an investment people are speculating on…and even then, it’s more gambling than it is a stable investment.

1. Bitcoin’s Value Is Too Unstable

A currency should have reasonably stable value, rather than swinging wildly. But that’s what Bitcoin does. Over just a few days, it’s not uncommon for Bitcoin to go up or down 25%. As Bitcoin skyrockets in value, this has become even more of a concern.

For example: According to Coindesk, Bitcoin went from under $12770 to $16583 in a less than 24 hour span between December 6 to December 7.

It’s easy to find more examples. In the four day span of November 8 to 12, Bitcoin sunk from $7458 to $5857. In the three day span of December 3 to 6, Bitcoin increased from $11180 to $12168. These are huge swings in value that make it impossible to predict the value of what you’ll be exchanging or receiving for a good or service—and incredibly difficult for merchants to price those goods. In fact, it’s one reason Valve stopped accepting Bitcoin on Steam on December 6, 2017.

In comparison, the US Consumer Price Index (CPI), a measure of inflation, has averaged less than 2.5% inflation a year over the past decade.

Even as an investment vehicle, Bitcoin is terrible. Robert Shiller, an economics professor at Yale who won a Nobel prize for his work on bubbles, said Bitcoin is “the best example right now” of a bubble. Compared to other investments, Bitcoin looks more like a get-rich-quick scheme than a long-term, stable investment. Stable index funds have historically returned about 7% every year on average and are a good place to park your money—not an unpredictable, wildly unstable asset like Bitcoin.

2. Transaction Fees Are Huge

Bitcoin transaction fees are also huge, and like Bitcoin itself, they can vary. To get your transaction processed in a reasonable amount of time, you have to pay more, basically putting up a larger reward to get Bitcoin miners to incorporate your payment into the blockchain.

According to Valve, the average fee paid to purchase something recently topped out at $20. This also varies wildly. On December 7, bitcoinfees.info said that the current fee was over $13 per transaction.

That’s a huge cut of every single transaction, and it means Bitcoin would be a terrible currency for everyday purchases. Would you use a debit card if you had to pay $13 for every single transaction, even if it’s just a $3 cup of coffee?

As there are fewer and fewer Bitcoins to be mined, transaction fees will increase to pay miners for the computing power they need to spend to keep the system going. So transaction fees are designed to get higher and higher over time.

In comparison, debit card transactions cost $0.21 plus 0.05% of the total payment in the USA, while credit card transactions cost between 1.43% and 3.5% of the payment.

3. Transactions Take Forever

Bitcoin transactions aren’t just expensive: they also take a long time. This isn’t an accident, but, again, is part of the design of Bitcoin.

Receiving six network confirmations, the generally accepted standard for confirming a Bitcoin transaction, can take up to an hour—or potentially longer, as there are no guarantees.

Commerce would grind to a half if people had to wait an hour after initiating a payment for confirmation before they could receive goods or services. After all, people often complain about having to wait a few seconds for chip-based credit cards to process in the line at the grocery store.

4. You Can Barely Spend Them Anywhere

Despite all the Bitcoin hype and increase in value, you can’t actually spend Bitcoin in many places. And some of the few merchants that did accept Bitcoin, like Valve’s Steam service, are removing support for Bitcoin. All that hype is only making Bitcoin less usable as a currency.

It’s tough to find a list of where you can actually spend Bitcoin in the real world. Spend Bitcoins claims to list over 100,000 merchants that accept Bitcoin, but I can’t find anything at all near me. Bitcoin Restaurants list only 85 restaurants in the USA that claim to accept Bitcoin (shown in the map above), out of an approximately 620,907 restaurants total that exist in the USA.

The odds that you’ll be able to spend Bitcoin to actually buy something you’d want to buy are very low. The volatility, high fees, and long transaction times all but assure most merchants will stay away. Most people aren’t getting into Bitcoin to spend it at merchants—they’re getting in to make more US dollars.

5. Each Transaction Consumes a Huge Amount of Electricity

Bitcoin transactions are a huge power suck. Currently, every single Bitcoin transaction costs more power than the average US home uses in an entire week. Think about that for a second.

Bitcoin’s proof-of-work system, which requires miners to spend a lot of computational resources to verify transactions, is only getting more difficult over time. The network is designed to produce one valid block every 10 minutes or so. The more computational power is thrown at it, the more it will require. That means Bitcoin’s electricity usage will only keep increasing, putting a huge strain on the world’s energy usage.

As Digiconomist puts it, we know that Visa processed 82.3 billion transactions in 2016. That used enough power to power 50,000 US households for the year. The Bitcoin network didn’t process anywhere near that number of that transactions, but used enough power to power over 2.9 million US households. So the Bitcoin network used 59 times as much power as the Visa network to perform a small fraction of the transactions.

Eric Holthaus at Grist ran the numbers and predicted how much energy Bitcoin would need at its current growth rate:

“By July 2019, the bitcoin network will require more electricity than the entire United States currently uses. By February 2020, it will use as much electricity as the entire world does today.”

With energy costs like these, Bitcoin just isn’t capable of being a currency in widespread use. The world doesn’t have the electricity for it.

6. Bitcoin Exchanges Are Often Scams, and Aren’t Properly Regulated

Bitcoin is like the wild west right now. This attracts some people to it, but it means it’s a big target for hackers and scammers. It’s a poor fit for people who want financial stability.

In 2014, the world’s largest Bitcoin exchange, Mt. Gox, had its Bitcoin stolen by hackers. 850,000 Bitcoin was lost. In 2014, that was $450 million in value—now, it’s worth over 8 billion dollars. Legal action is ongoing, but Mt. Gox’s customers haven’t seen a single cent of their money yet.

Incidentally, Mt. Gox began as a trading site for Magic: The Gathering cards. It stood for “Magic The Gathering Online eXchange”. Why not trust billions of dollars to a financial institution that began as a place to move trading cards around? What could possibly go wrong?

This is just the kind of nonsense that’s prevented by regulation in the financial sector, ensuring financial institutions have proper security and aren’t defrauding their customers. You have nowhere to turn if you run into trouble, as you would with a bank or other regulated financial institution. As a result, there are lots of scams, pyramid schemes, and other types of fraud centered around Bitcoin and other cryptocurrencies.

Ars Technica has run down some of the most notable Bitcoin hacks and frauds over recent years, from massive hacks and Ponzi schemes to Bitcoin wallet services that have mysteriously vanished with all their customers’ Bitcoin after being “hacked”. The SEC just took some action, shutting down an initial coin offering (ICO) scam, but regulators are just dipping their toes in the water. This is not how a safe, stable currency works. It’s not even how a safe, stable investment works.

Here’s the bottom line: if you invest in Bitcoin, there’s a good chance you could lose all your money. You could lose it in a scam, without any of the protections offered by established institutions, regulations, and laws. Or your Bitcoin could be stolen by hackers attacking websites that don’t have sufficient security. A fly-by-night website could get “hacked” under mysterious circumstances where the owners probably stole all the Bitcoin and ran.

Or, if you’re lucky, you’ll just lose half your money when the value of Bitcoin plummets without warning. Perhaps these things will change one day. But if you’re thinking about getting involved with Bitcoin right now…don’t.

Taking an IQ test doesn't have to be akin to drilling through the marathon of questions that is the SAT. (Please don't make us go through that again. Please.) In fact, what has been hailed as the world's shortest IQ test in the world is a whole three questions. Yup, you can take it right now and start bragging to your friends within 30 minutes.

1. The Bat and Ball Problem

A bat and a ball together cost $1.10. The bat costs $1 more than the ball. How much does the ball cost?

2. The Widget-Making Machine Problem

If it takes 5 machines 5 minutes to make 5 widgets, how long would it take 100 machines to make 100 widgets?

3. The Size-Double Lily Pad Patch Problem

There is a patch of lily pads in a lake. Every day, the patch doubles in size. If it takes 48 days for the patch to cover the entire lake, how long would it take for the patch to cover half the lake?



The Cognitive Reflection Test (CRT) was developed by psychologist Shane Frederick in 2005. In a paper published in The Journal of Economic Perspectives, Frederick describes that he picked the three questions for the CTR because they were all "found to yield impulsive erroneous responses." That is, the questions make it easy for people to quickly jump to conclusions, instead of closely analyzing the seemingly simple quiz items.

This kind of mental trickery is how only 17 percent of students from the top universities in the world (like Yale and Harvard) got a perfect score on the CRT, according to a 2003 study. This short test was designed to test someone's ability to ignore their intuitive gut response and think more rationally.


Culled from Curiousity;
https://curiosity.com/topics/the-worlds-shortest-iq-test-is-only-three-questions-curiosity?utm_source=androidapp

I just noticed a new show on o2tvseries, Counterpart, what do you think?

MsFaith:
Noooo. You are very smart. Infact you are the smartest being in the world. Kudos! Keep it up.

I am rubber and you are glue whatever you say bounces off of me and sticks to you!

MsFaith:
This op is a reta.rd

You think you're smarter than me?

biafraisdead:
this op na Satan o! so what is the lesson here? we should encourage our kids to have sex with each other? I bow for u

You seem quite obtuse.

..

To calculate possible profit from buying low and selling high with the example above.

Initial discount rate = 17.4% (bought at lower price)
Final discount rate = 15.6% (to be sold at higher price)

Remaining time = 364 - 63 =301 days

Using equations from my previous post;

True yield at 17.4% discount rate is 21.07%
True yield at 15.6% discount rate is 18.5%

True principal is 8.26m, but we are interested here in the remaining 301 days so, true principal evaluates to 8.26 * 301 / 364 = 6.8m

ROI at 17.4% discount rate is 6.8m * 21.07% = 1.43m
ROI at 15.6% discount rate is 6.8m * 18.5% = 1.26m

Difference gives us profit for remaining 301 days if we choose to short sell after 63 days run

= 1.43m - 1.26m
=0.17m. or 170k

Let me clear d air a little.

what CBN quote are discount rates, with these u can compute true yield;

True yield = (discount rate * 100)/(1 - discount rate)

eg, for discount rate of 17.4% u get (0.174 * 100)/(1 - 0.174) = 21.1% , this is d ROI on ur true principal.

True principal is the real money u are investing.

True principal = apparent principal * (1 - discount rate)

eg, for discount rate of 17.4%, apparent principal of 10m (the available money in ur account)
True principal = 10m * (1 - 0.174) = 8.26m

In other words u invest 8.26m to make 10m at end of tenure, a 21.1% ROI.

Alikote:
thanks guys when is the best time to short sell....immediately after rate falls or when rate fall after holding for 75 percent of time

Sir, it's like every other business, you buy cheap (17.3%) and sell at a higher price (15.6%).

C4Ltd:
you guys want to short change banks with this juicy secret abi?

@ur emboldened: (considering the other factors he stated) if your target tenor is 91, go for 364... after 91days, "short sell"... your rate would experience the RESURRECTION

Their is a caveat, you have to make sure d rates remain as they are or drop in d 3 months for u to benefit in this way?

Investnow2017:
Three secrets of Treasury Bills investing:

1) Buy long tenor if the rates are high and juicy - 16% up.
2) The Secondary Market offers better bargains if you are going for a short tenor (91 - 182 days).
3) Buy a long tenor when the rates are down and short-sell at your exit target.

Lol at no. 3, dats trading, na to start to dey plot charts with candle sticks looking for resistance and support points, even scalp sef.

C4Ltd:
Bro you making sense o.

but why did you calculate rate on 8m instead of 10m

"He got 460,000 on 8.265m in 63days. Guess what yield that represents a whopping 32.25% p.a. If in doubt, please do the math, and let's see what comes up."

Her investment was 10m and that should represent a whopping 26.6% abi?

Look at it this way, u earn interest at the end of tenure. She invested 8.265m hoping to return 10m, capital plus interest.

acme6:
You bleep someone that looks like white and you feel you are bleeping a white woman.

You are suffering from low self esteem.

lol, pwety Albino spotted.

Ishilove:
But someone has got to marry them...

So this is how u now look eh, u don fat o.

Okey! some good shows around here, but, I am looking for a particular show from the 90's, sweet old days. So, I am wondering if any one is or was a fan of super story on local TV, I don't mind buying the DVDs, dose any one know where to get them dvds or download?

I am surprised no one ever mentioned "Black mirror", it's a cool show.

my own nonsense never makes it to d front page, but I get to read other peoples thrash every day on same front page.

Moderators arghhhhhh!!!

my own nonsense never makes it to d front page, but I get to read other peoples thrash every day on same front page.

Moderators arghhhhhh!!!

lol

As I am planning on being intimate, some times I wonder how people feel after sex, like I have seen her unclothedness and the way she twisted her face during the act. Hard to forget by the way.

I would be very uncomfortable relating with them again after, cos their Unclad body will always come to mind...

To the married couples how do you get on with this? Am I even normal fah?

I also want to ask this question, I am yet to be intimate as a fact, some times I wonder how people feel after sex, like I have seen her unclothedness and the way she twist her face during the act.

I would be very uncomfortable relating with them again after, cos their naked body will always come to mind.

I am normal fah?

I have watched so much porn in the last few weeks, too much for my own good.

Noticed that If I am in a one on one conversation my eyes tend to shift downward towards their crotch if they moved their hands or shifted their body, It's so embaracing, I can't control my eyes in those moments. Does it happen to you?

PrincessBecks:
It's Explorers again!
Will you Marry Me? Lol

Airhead!!!

.

Mods must be high on cheap pawpaw leaves