₦airaland Forum

CryptoCoinr:
Au contraire, the more reasonable calculation would be looking at where 1 BTC has gotten you over the past 2 - 4 weeks compared to 1 SAFEX. Go ahead, I'm sure the math isn't too hard.

Fair enough - 2 weeks ago:
1 BTC: $2703,89
1 SAFEX: BTC 0,00000240

Today:
1 BTC: $4138,42 (+153%)
1 SAFEX: BTC 0,00000476 (+198%)

So where has this gotten me?
Yesterday around 16:00 Naija time this window of opportunity opened up for only about an hour:

SAFEX/LTC: +44.99%
SAFEX/BTC: -22.12%
LTC/BTC: +3.5%

This earned me good money, which I can withdraw from my bank account on Monday or Tuesday.

You really should try to read my post not what you think is in there or at least brush up on your comprehension

You keep referring to 'your post', but your post tells nothing interesting to me; its really boring, mate.

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Dogberry:
Fair enough - 2 weeks ago:
1 BTC: $2703,89
1 SAFEX: BTC 0,00000240

Today:
1 BTC: $4138,42 (+153%)
1 SAFEX: BTC 0,00000476 (+198%)

So where has this gotten me?

I see the math or English is hard for you and you'd rather try your hand at being disingenuous. Let me help you, using your timeline.

Two weeks ago (starting from the day of your adorable post)
1 BTC: $2,703.89
1 SAFEX: $0.006489336

Today (again, the day you posted that adorable post):
1 BTC: $4,138.42
1 SAFEX: $0.0201748792

Finally:
-> 1 BTC: $4,138.42 - $2,703.89 = $1,434.53
-> 1 SAFEX: $0.0201748792 - $0.006489336 = $0.0136855432

So in two weeks you'd have $1,434.53 extra if you were holding 1 BTC and $0.0136855432 extra if you were holding 1 SAFEX. Makes sense, it's almost up to 10 cents

Yesterday around [--snip--]

Google "red herring".

You keep referring to 'your post', but your post tells nothing interesting to me; its really boring, mate.

I'm not responsible for your inability to comprehend it, sorry.

Alert is bae

Hello. Bitcoin is based on a blockchain system. This suggests that no one can manage this currency as a whole and no one can track transactions with this cryptocurrency. Its price depends on its value in the market and on the political situation in the world. The more chaos there is, the more valuable the cryptocurrency will be. Since there are already a lot of bitcoin atm near me - I can buy and sell Bitcoin easily and quickly. I bought it when it was cheaper, but if you study the information, you will understand that there must definitely be a rise.

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Dogberry:
I do agree with you about Bitcoin (BTC) being the future of currency. Though there's some errors in your text, which I think you copied and pasted from some website. Anyway, I general you got the bigger picture captured.

Yes, BTC has started a new future in currency. BTC is supposed to be decentralized, but that's not completely correct anymore. Mining is done by many people, but the block chains are owned by only 5 major mining companies with batteries of superfast computers to mine the BTC's. In other words: the majority of remaining BTC's will eventually be in possession of the 'elite few companies'. Similar to how the current currency system works.

The current currency system is not backed by gold anymore. This is already for a long time not the case. For example the US Dollar is simply based on debt. With the fractional reserve system attached to that, central banks (in this case the FED) can create money out of nothing and have the tax payers pay for it. Without debt, money wouldn't exists. (There's plenty information available about this topic on e.g. youtube)

Bitcoin has lost a lot of its initial essence of being a new decentralised currency. Also the prices are quite challenging for average people to make serious money out of the BTC if one was to go for mid-long term investment. Today BTC broke again through the $3000 barrier ($3180 as I write this), which leaves many people out on the serious cash making scheme. Unless you go for marginal trading, but due to the volatility of the BTC, this will lead in 90% of the cases people being kicked out due to lack of margin and losing more money than they have invested.

Though there is good news: what many people don't even realize is that there are 1000+crypto-currencies nowadays. Obviously the majority of this is just riding the crypto-bubble, but, as you mentioned in your post: Crypto's will be the currency of the future.
I am quite the successful FOREX trader and started looking into crypto-currencies over a year ago. I have educated myself by reading thousands of articles and comparing the bullshit from the potential good ones. There will always be some risk involved, but he... no pain no gain, right?

One should never just take advice from an unknown guy on the internet and blindly invest in anything. I am also human and I do have it wrong once in a while. Though as a recommendation I tell this:

1. Understand you won't be millionaire overnight.
2. Understand that you can lose money, so never invest your life savings.
3. Only invest with money you don't need for the next 5 years or invest money you can afford to lose.

Follow these simple rules and take note of this:

BTC is at $3180 per coin, so buying 1 coin is already a challenge to many people. For people who have 1 coin, the time for that coin to hit $10.000 is a matter of time. Yet with 1 coin you would (if bought today at $3000) only make a profit of $7000. Obviously good money if that would happen overnight, but if you are aiming for that, you actually shouldn't be reading this. What if it hits $10.000 in 5 years? $7000 would still be good money, but it will not ease your financial life long term.

What can one do?
At this website: coinmarketcap.com there's a list with over 1000 crypto's and their ranking. They are ranked in volume traded. Obviously BTC is number one. Yet there are some really interesting other crypto's out there, which have the potential of going places. Maybe not in the same dollar value as BTC, but there some out there reaching as high as $500.

I will not tell you which ones to buy, but in stead I will tell which ones I have invested in. I have done my research on all 1000+ crypto's and I came to my own conclusion of which ones I THINK will benefit me financially. Also take note that losing $1000 is absolutely no problem to me and even $100.000 would give me anything other than a very annoyed feeling. Invest with your mind, but leave emotion and your heart out of it!

Here we go:

1. Ripple (XRP) - Bought at $0.00034 - Today: $0.178301
2. Stellar Lumens (XLM) - bought at $0.00002 - Today: $0.023090
3. Dogecoin (DOGE or XDG) - bought at $0.00003 - Today: $0.001927
4. Safe Exchange (SAFEX or SEC) - bought at $0.000185 - Today: $0.014772

Imagine you have invested $100 in each? Do the maths! Buy, hold, almost forget and sell few years from now is my strategy.

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Dogberry:
I do agree with you about Bitcoin (BTC) being the future of currency. Though there's some errors in your text, which I think you copied and pasted from some website. Anyway, I general you got the bigger picture captured.

Yes, BTC has started a new future in currency. BTC is supposed to be decentralized, but that's not completely correct anymore. Mining is done by many people, but the block chains are owned by only 5 major mining companies with batteries of superfast computers to mine the BTC's. In other words: the majority of remaining BTC's will eventually be in possession of the 'elite few companies'. Similar to how the current currency system works.

The current currency system is not backed by gold anymore. This is already for a long time not the case. For example the US Dollar is simply based on debt. With the fractional reserve system attached to that, central banks (in this case the FED) can create money out of nothing and have the tax payers pay for it. Without debt, money wouldn't exists. (There's plenty information available about this topic on e.g. youtube)

Bitcoin has lost a lot of its initial essence of being a new decentralised currency. Also the prices are quite challenging for average people to make serious money out of the BTC if one was to go for mid-long term investment. Today BTC broke again through the $3000 barrier ($3180 as I write this), which leaves many people out on the serious cash making scheme. Unless you go for marginal trading, but due to the volatility of the BTC, this will lead in 90% of the cases people being kicked out due to lack of margin and losing more money than they have invested.

Though there is good news: what many people don't even realize is that there are 1000+crypto-currencies nowadays. Obviously the majority of this is just riding the crypto-bubble, but, as you mentioned in your post: Crypto's will be the currency of the future.
I am quite the successful FOREX trader and started looking into crypto-currencies over a year ago. I have educated myself by reading thousands of articles and comparing the bullshit from the potential good ones. There will always be some risk involved, but he... no pain no gain, right?

One should never just take advice from an unknown guy on the internet and blindly invest in anything. I am also human and I do have it wrong once in a while. Though as a recommendation I tell this:

1. Understand you won't be millionaire overnight.
2. Understand that you can lose money, so never invest your life savings.
3. Only invest with money you don't need for the next 5 years or invest money you can afford to lose.

Follow these simple rules and take note of this:

BTC is at $3180 per coin, so buying 1 coin is already a challenge to many people. For people who have 1 coin, the time for that coin to hit $10.000 is a matter of time. Yet with 1 coin you would (if bought today at $3000) only make a profit of $7000. Obviously good money if that would happen overnight, but if you are aiming for that, you actually shouldn't be reading this. What if it hits $10.000 in 5 years? $7000 would still be good money, but it will not ease your financial life long term.

What can one do?
At this website: coinmarketcap.com there's a list with over 1000 crypto's and their ranking. They are ranked in volume traded. Obviously BTC is number one. Yet there are some really interesting other crypto's out there, which have the potential of going places. Maybe not in the same dollar value as BTC, but there some out there reaching as high as $500.

I will not tell you which ones to buy, but in stead I will tell which ones I have invested in. I have done my research on all 1000+ crypto's and I came to my own conclusion of which ones I THINK will benefit me financially. Also take note that losing $1000 is absolutely no problem to me and even $100.000 would give me anything other than a very annoyed feeling. Invest with your mind, but leave emotion and your heart out of it!

Here we go:

1. Ripple (XRP) - Bought at $0.00034 - Today: $0.178301
2. Stellar Lumens (XLM) - bought at $0.00002 - Today: $0.023090
3. Dogecoin (DOGE or XDG) - bought at $0.00003 - Today: $0.001927
4. Safe Exchange (SAFEX or SEC) - bought at $0.000185 - Today: $0.014772

Imagine you have invested $100 in each? Do the maths! Buy, hold, almost forget and sell few years from now is my strategy.

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Saintwudi:
Bitcoin is the Future Currency
Learn how To Get Bitcoins -

What is Bitcoin?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

It’s the first example of a growing category of money known as cryptocurrency.

What makes it different from normal currencies?

Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

Who created it?

A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

Who prints it?

No one. This currency isn’t physically printed in the shadows by a central bank, unaccountable to the population, and making its own rules. Those banks can simply produce more money to cover the national debt, thus devaluing their currency.

Instead, bitcoin is created digitally, by a community of people that anyone can join. Bitcoins are ‘mined’, using computing power in a distributed network.

This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.

So you can’t churn out unlimited bitcoins?

That’s right. The bitcoin protocol – the rules that make bitcoin work – say that only 21 million bitcoins can ever be created by miners. However, these coins can be divided into smaller parts (the smallest divisible amount is one hundred millionth of a bitcoin and is called a ‘Satoshi’, after the founder of bitcoin).

What is bitcoin based on?

Conventional currency has been based on gold or silver. Theoretically, you knew that if you handed over a dollar at the bank, you could get some gold back (although this didn’t actually work in practice). But bitcoin isn’t based on gold; it’s based on mathematics.

Around the world, people are using software programs that follow a mathematical formula to produce bitcoins. The mathematical formula is freely available, so that anyone can check it.

The software is also open source, meaning that anyone can look at it to make sure that it does what it is supposed to.

What are its characteristics?

Bitcoin has several important features that set it apart from government-backed currencies.

1. It's decentralized

The bitcoin network isn’t controlled by one central authority. Every machine that mines bitcoin and processes transactions makes up a part of the network, and the machines work together. That means that, in theory, one central authority can’t tinker with monetary policy and cause a meltdown – or simply decide to take people’s bitcoins away from them, as the Central European Bank decided to do in Cyprus in early 2013. And if some part of the network goes offline for some reason, the money keeps on flowing.

2. It's easy to set up

Conventional banks make you jump through hoops simply to open a bank account. Setting up merchant accounts for payment is another Kafkaesque task, beset by bureaucracy. However, you can set up a bitcoin address in seconds, no questions asked, and with no fees payable.

3. It's anonymous

Well, kind of. Users can hold multiple bitcoin addresses, and they aren’t linked to names, addresses, or other personally identifying information. However…

4. It's completely transparent

…bitcoin stores details of every single transaction that ever happened in the network in a huge version of a general ledger, called the blockchain. The blockchain tells all.

If you have a publicly used bitcoin address, anyone can tell how many bitcoins are stored at that address. They just don’t know that it’s yours.

There are measures that people can take to make their activities more opaque on the bitcoin network, though, such as not using the same bitcoin addresses consistently, and not transferring lots of bitcoin to a single address.

5. Transaction fees are miniscule

Your bank may charge you a £10 fee for international transfers. Bitcoin doesn’t.

6. It’s fast

You can send money anywhere and it will arrive minutes later, as soon as the bitcoin network processes the payment.

7. It’s non-refundable

When your bitcoins are sent, there’s no getting them back, unless the recipient returns them to you. They’re gone forever.

So, bitcoin has a lot going for it...
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How do I do research on cryptocurrencies to know which ones would benefit me financially?

Dogberry:
I do agree with you about Bitcoin (BTC) being the future of currency. Though there's some errors in your text, which I think you copied and pasted from some website. Anyway, I general you got the bigger picture captured.

Yes, BTC has started a new future in currency. BTC is supposed to be decentralized, but that's not completely correct anymore. Mining is done by many people, but the block chains are owned by only 5 major mining companies with batteries of superfast computers to mine the BTC's. In other words: the majority of remaining BTC's will eventually be in possession of the 'elite few companies'. Similar to how the current currency system works.

The current currency system is not backed by gold anymore. This is already for a long time not the case. For example the US Dollar is simply based on debt. With the fractional reserve system attached to that, central banks (in this case the FED) can create money out of nothing and have the tax payers pay for it. Without debt, money wouldn't exists. (There's plenty information available about this topic on e.g. youtube)

Bitcoin has lost a lot of its initial essence of being a new decentralised currency. Also the prices are quite challenging for average people to make serious money out of the BTC if one was to go for mid-long term investment. Today BTC broke again through the $3000 barrier ($3180 as I write this), which leaves many people out on the serious cash making scheme. Unless you go for marginal trading, but due to the volatility of the BTC, this will lead in 90% of the cases people being kicked out due to lack of margin and losing more money than they have invested.

Though there is good news: what many people don't even realize is that there are 1000+crypto-currencies nowadays. Obviously the majority of this is just riding the crypto-bubble, but, as you mentioned in your post: Crypto's will be the currency of the future.
I am quite the successful FOREX trader and started looking into crypto-currencies over a year ago. I have educated myself by reading thousands of articles and comparing the bullshit from the potential good ones. There will always be some risk involved, but he... no pain no gain, right?

One should never just take advice from an unknown guy on the internet and blindly invest in anything. I am also human and I do have it wrong once in a while. Though as a recommendation I tell this:

1. Understand you won't be millionaire overnight.
2. Understand that you can lose money, so never invest your life savings.
3. Only invest with money you don't need for the next 5 years or invest money you can afford to lose.

Follow these simple rules and take note of this:

BTC is at $3180 per coin, so buying 1 coin is already a challenge to many people. For people who have 1 coin, the time for that coin to hit $10.000 is a matter of time. Yet with 1 coin you would (if bought today at $3000) only make a profit of $7000. Obviously good money if that would happen overnight, but if you are aiming for that, you actually shouldn't be reading this. What if it hits $10.000 in 5 years? $7000 would still be good money, but it will not ease your financial life long term.

What can one do?
At this website: coinmarketcap.com there's a list with over 1000 crypto's and their ranking. They are ranked in volume traded. Obviously BTC is number one. Yet there are some really interesting other crypto's out there, which have the potential of going places. Maybe not in the same dollar value as BTC, but there some out there reaching as high as $500.

I will not tell you which ones to buy, but in stead I will tell which ones I have invested in. I have done my research on all 1000+ crypto's and I came to my own conclusion of which ones I THINK will benefit me financially. Also take note that losing $1000 is absolutely no problem to me and even $100.000 would give me anything other than a very annoyed feeling. Invest with your mind, but leave emotion and your heart out of it!

Here we go:

1. Ripple (XRP) - Bought at $0.00034 - Today: $0.178301
2. Stellar Lumens (XLM) - bought at $0.00002 - Today: $0.023090
3. Dogecoin (DOGE or XDG) - bought at $0.00003 - Today: $0.001927
4. Safe Exchange (SAFEX or SEC) - bought at $0.000185 - Today: $0.014772

Imagine you have invested $100 in each? Do the maths! Buy, hold, almost forget and sell few years from now is my strategy.

You're totally right about that. Bitcoin in the near future may indeed be the only cryptocurrency that will be used by all of humanity. Despite the fact that there are a considerable number of other virtual currencies, bitcoin is the absolute leader among them. Already, many platforms are using bitcoin as a payment method. If you want to know more about it, I advise you to read this article: https://bitcoinbuy101.com. It is here that I learned much information about this cryptocurrency, and I am sure that it will be a valuable source for you.