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Nairaland GeneralHow Does Cryptocurrency Mining Work? by Ronald85roy(op):
Cryptocurrency mining, or crypto mining, is the technique for confirming exchanges on a computerized record for a blockchain utilizing machines with broad registering power.

It has to do with the cycle where particular computers, otherwise called hubs or mining rigs, approve blockchain exchanges for a particular crypto coin and, thusly, get a mining prize for their computational exertion.

Cryptocurrency mining is something any individual or association can do with satisfactory equipment and programming assets, yet the extension of mining and inflating costs make it logically challenging for newbies.

How Does a singular Start Mining Cryptocurrency?

People keen on mining cryptocurrency can claim and work a mining apparatus or buy hash rate from an outsider apparatus, otherwise called cloud mining.

Claiming and working a mining rig accompanies the forthright expense of specific equipment and continuous working costs like power. However, it offers the most control and benefit potential to miners.

P.S: If you're fed up with slow trade executions, then buckle up as AssetsFX is currently offering lightning-fast trade executions along with an ultra-wide range of trading opportunities!

By correlation, cloud mining doesn't need forthright speculation and gives miners the adaptability to contribute what they can bear.

Regardless, new miners need some type of cryptocurrency mining programming to take an interest, which once in a while appears to be troublesome or outside the realm of possibilities for fledgling or novices.

So on the off chance that you are thinking about mining, I feel that is somewhat of a problem, I'd recommend you go into putting and exchanging cryptocurrency to procure.
Thanks for reading.
Nairaland GeneralEthereum Recovers 6%, Why 100 SMA Is The Key For Upsides! by Ronald85roy(op): 12:40pm On Jun 16, 2022
Ethereum extended its decline and tested the $1,000 support against the US Dollar. ETH is recovering, but it must clear $1,280 to start a steady upward move.

Ethereum dropped towards the $1,000 level before the bulls appeared.

The price is now trading below $1,280 and the 100 hourly simple moving average.

There was a break above a major bearish trend line with resistance near $1,205 on the hourly chart of ETH/USD (data feed via Kraken).

The pair could resume its decline unless it clears $1,280 and $1,300 in the near term.

Ethereum Price Faces Key Resistance
Ethereum started a fresh decline below the $1,100 level. The price traded to a new multi-month low and almost tested the $1,000 support zone.

A low was formed near $1,013 before the price started an upside correction. There was a recovery wave above the $1,120 and $1,150 levels.

Ether price climbed above the 23.6% Fib retracement level of the key drop from the $1,546 swing high to the $1,013 low.

Besides, there was a break above a major bearish trend line with resistance near $1,205 on the hourly chart of ETH/USD. However, the price is still trading below $1,280 and the 100 hourly simple moving average.

The bears were active near the $1,260 resistance zone. The next major resistance is near the $1,280 zone and the 100 hourly simple moving average.

The 50% Fib retracement level of the key drop from the $1,546 swing high to the $1,013 low is also near the $1,280 zone.

A clear move above the $1,280 resistance zone may perhaps start a decent upward move. The next major resistance is near the $1,420 level.

Any more gains could start a move towards the $1,550 resistance.

Fresh Decline In ETH?
If Ethereum fails to rise above the $1,280 resistance, it could start a fresh decline. Initial support on the downside is near the $1,180 zone. The next major support is near the $1,125 zone.

A clear move and break below the $1,125 zone could start a major decline. In the stated case, the price could slide towards the $1,000 support zone in the near term.
Nairaland GeneralWhat Is The Relationship Between This Action And Bitcoin Etfs? by Ronald85roy(op): 12:40pm On Jun 13, 2022
The lawsuit against Gemini is not about an exchange-traded fund (ETF), it is about representations made in connection with a particular Bitcoin futures contract.


It is also not being brought by the U.S. Securities and Exchange Commission, which has been holding out on approving a large and growing number of Bitcoin ETF proposals. It is, however, about potential manipulation in the crypto markets.

The SEC’s record of declining to approve any spot-market Bitcoin ETF has been consistent on two fronts: To date, no Bitcoin ETFs in the sport or physical markets (as opposed to Bitcoin Futures ETFs) have been approved, and so far, the consistently expressed concern of the SEC is that Bitcoin pricing is too subject to manipulation to approve a Bitcoin ETF.


Without approval by the SEC, securities exchanges cannot trade the proposed products, which do not fit well under traditional guidelines on what kinds of interests can be sold on a securities exchange.

Admittedly, the SEC recently approved a limited number of Bitcoin Futures ETFs, including two under the same rule that those proposing Bitcoin ETFs in the spot markets are relying on. In part, the SEC relied on the CFTC’s determination that Bitcoin Futures ETFs could be listed on CFTC-regulated exchanges.


As part of the CFTC’s process, that agency requires self-certification that the new product complies with CFTC regulations and is “not readily susceptible to manipulation.” In very general terms, the SEC has concluded that these Bitcoin Futures ETFs are protected against manipulation enough to justify allowing their trade on securities exchanges.

The current action against Gemini arises out of conduct that allegedly occurred in 2017 and 2018 when the CFTC was evaluating the Gemini Bitcoin Auction (just after the SEC denied a request from the Winklevoss brothers seeking SEC approval for a Bitcoin ETF).


The very fact that a major U.S. crypto exchange that positions itself as having a record of regulatory compliance appears to have been lying in its communication with regulators further bolsters the SEC view that crypto markets are rife with fraud and subject to manipulation, and therefore, that we are not ready for Bitcoin ETFs.

Thanks for reading!
Nairaland GeneralThe Cftc’s Action Against Gemini Is Bad News For Bitcoin Etfs! by Ronald85roy(op): 12:26pm On Jun 13, 2022
On June 2, 2022, the United States Commodity Futures Trading Commission (CFTC) initiated action against Gemini, the crypto exchange founded by billionaire twins Tyler and Cameron Winklevoss.

Among other things, the complaint alleges that Gemini made a number of false and misleading statements to the CFTC in connection with the potential self-certification of a Bitcoin futures contract, the prices for which were to be settled daily by an auction (the “Gemini Bitcoin Auction”).

In the complaint, the CFTC specifically articulated the position that these statements were designed to mislead the commission as to whether the proposed Bitcoin futures contract would be susceptible to manipulation.

While the Winklevoss brothers were not named in the suit, the complaint alleges that “Gemini officers, employees and agents […] knew or reasonably should have known that the statements and information conveyed or omitted […] were false or misleading.”

These are serious accusations, considering that CFTC’s third and twelfth core principles require markets involved in derivative trading, including those seeking to offer Bitcoin futures contracts, to have policies and practices ensuring that “contracts [are] not readily subject to manipulation” and that they offer reasonable “protection of market participants.”

Gemini offered a formal statement in response to the CFTC’s action:


“We have an eight-year track record of asking for permission, not forgiveness, and always doing the right thing. We look forward to definitively proving this in court.”

The response from the founding twins, however, was somewhat less professional. Cameron Winklevoss tweeted:


It’s too bad that Gemini’s founders are not taking the suit more seriously. The ramifications of this potentially true fraud may not be limited to any penalties assessed against Gemini by the courts, but also significantly impact the entire industry.
Thanks for reading!
Nairaland GeneralBitcoin And Banking’s Differing Energy Are Matter Of Perspective! by Ronald85roy(op): 12:40pm On Jun 12, 2022
Bitcoin mining’s climate impact has been heavily criticized, but corporate cash and investment emissions have often flown under the radar.

The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit, and Bank FWD.

The collaboration made it possible to calculate the emissions generated due to a company’s cash and investments, such as cash, cash equivalents, and marketable securities.

The report revealed that cash and investments are the most significant source of emissions for several large companies, such as Alphabet, Meta, Microsoft, and Salesforce.

The energy consumption of the flagship proof-of-work (PoW) blockchain network, Bitcoin, has been debated.

The network and its participants, especially miners, are criticized for contributing to an ecosystem that might be worsening climate change.

However, recent findings have also brought the carbon impact of traditional investments under the radar.

Bitcoin Is Often Vilified Due To “Imagery”
The Carbon Bankroll Report was drafted by James Vaccaro, executive director at the Climate Safe Lending Network, and Paul Moinester, executive director and founder of the Outdoor Policy Outfit.

Regarding the impact of the report, Jamie Beck Alexander, director of Drawdown Labs, stated:

“Until now, the role that corporate banking practices play in fueling the climate crisis has been murky at its best. This landmark report shines a floodlight.

The research and findings contained in this report offer companies a new, massively important opportunity to help shift our financial system away from fossil fuels and deforestation toward climate solutions on a global scale.

Companies that are serious about their climate pledges will welcome this breakthrough and move urgently toward tapping this lever for systematic change.”

A few metrics that the report highlighted regarding the climatic impact of the banking industry include:

Since the signing of the Paris Agreement in 2015, 60 of the world’s largest commercial and investment banks have invested $4.6 trillion in the fossil fuel industry.

Banks like Citi, Wells Fargo, and Bank of America have invested $1.2 billion in said industry.

The largest banks and asset managers in the United States have been responsible for financing the equivalent of 1.968 billion tons of carbon dioxide.

If the U.S. financial sector were a country, it would be the fifth-largest emitter in the world, just after Russia.

Compared to the direct operational emissions of global financial firms, the emissions generated through investing, lending, and underwriting activities are 700 times higher.
Nairaland GeneralNumber Of Daos Increases 8X Along With Spike In Votes And Proposals! by Ronald85roy(op): 12:59pm On Jun 10, 2022
The total number of DAOs has increased dramatically over the past 12 months along with their participation rates, but it may not mean decentralized governance is catching on.

The total number of decentralized autonomous organizations (DAO), the number of governance proposals put forward, and the number of votes cast, have all seen astounding 8X growth over the past 12 months.

Data compiled by Snapshot Labs, shared by Electric Capital Engineer Emre Caliskan in a June 9 tweet, highlighted that DAO numbers have increased by 8.8X, from 700 in May 2021 to 6,000 now. The number of proposals has increased by 8.5X, and the number of total votes has increased by 8.3X over the past 12 months, from 448,000 to 3.7 million.

Snapshot is a decentralized governance participation portal where DAO members can propose new initiatives and vote on them, the data was compiled in collaboration with Electric Capital, a Web3 investment firm.

While the findings look promising for decentralized governance models, the increase in participation was driven by just a small handful of the most active DAOs. New proposals mostly came from just 10% of DAOs, while 60% of DAOs have had three or fewer proposals since their inception.

Nevertheless, the overall growth is an impressive show of confidence in the DAO structure.

Rival DAO tracking tool DeepDAO has slightly different figures and shows there are only 4,833 DAOS as of June 10.

Caliskan attributed the increase in new proposals to the popularity and wide coverage of Constitution DAO. It was an organization set up last November with the intent of buying an original copy of the US Constitution. The DAO was outbid at the last moment, but it proved the power such organizations can have.

According to DeepDAO, PancakeSwap and Decentraland are the two top DAOs by proposal count with 3,300 and 1,200 respectively. Only the top 72 organizations have at least 100 proposals as of the time of writing.

Despite the overall promising numbers in DAO growth, a June 7 draft bill from the US Senate could curtail their growth if no changes are made to it. It initially calls for all crypto projects to register with the government and reveal the identities of their users and founders.
Nairaland GeneralThe Metaverse Will Empower Human Beings Declares Qatar Airways! by Ronald85roy(op): 12:25pm On Jun 10, 2022
Qatar Airways plans to launch NFTs and enable metaverse ticket purchases for physical flights.

Qatar Airways announced Tuesday that it had launched its first metaverse experience, QVerse.

This virtual reality platform allows interested parties can virtually visit and navigate the Premium Check-in area at the International Airport of Hamad (HIA).

According to the company's statements to Cointelegraph, however, QVerse is merely the company's first foray into the metaverse.

The company said that it intends to expand its virtual environment initiatives and believes that the metaverse is part of the future of human relations.

“We believe that the future is virtual. The metaverse will empower human beings, expand their horizons and break their limits by challenging the most basic methods that were once limitations.”

According to the company, its entry into the metaverse reflects its passenger's desire for “immersive content that can empower their decision-making before buying a ticket, and are often eager to discover the aircraft they will fly.”

“That's why we believe QVerse will change the way passengers make their shopping choices,” company representatives stated.

The company also highlighted that it plans to add more functionalities, places, and interactions to its metaverse platform and aims to make the experience sociable and accessible through the Oculus Quest VR platform.

It also intends to include purchasing tickets for physical flights and choosing seats on real aircraft through the metaverse.


The company noted that actions in metaverse gateways like Decentraland and The Sandbox might occur in the future.

“We are currently focusing on creating our metaverse rather than investing in Decentraland or Sandbox.

But we do not rule out this plan. We continue to explore how we can develop this area and strategically incorporate NFTs into QVerse."

Last year Qatar Airways became the first airline in the Middle East to adopt the IATA Blockchain 'Digital Passport', in partnership with the International Air Transport Association (IATA).

Recently, the US Air Force also announced its entry into the metaverse and filed a trademark application for an initiative called SpaceVerse.

While details of the order and what the SpaceVerse are scarce, the order highlights that this will be a virtual reality training, testing, and operations environment for the US defense agency.
Nairaland GeneralRe: 10 Entry Level Blockchain Developer Remote Jobs In The USA Hiring Now by Ronald85roy: 4:00pm On Jun 08, 2022
You add here a lot of important information. Thanks for Sharing. By the Way, Are you know AssetsFX is available on the MetaTrader4 (MT4) platforms. I use the MT4 iOS app, and it's fantastic.
Nairaland GeneralRe: How To Boast Your Energy And Remain Positive by Ronald85roy: 3:07pm On Jun 08, 2022
If you want to stay positive when facing challenges and negative situations, here are some things you can do to help revive your positive energy:
1. Enjoy Nature.
2. Perform Random Acts of Kindness.
3. Develop an Attitude of Gratitude.
4. Take a Mental Break.
5. Laugh.
6. Hang Around with Positive People.
7. Look for the Silver Lining Immediately.
Now I tell you an important tip. If you earn money, Your mind will stay cool all the time. That's why you can trade on Assetsfx. The minimum trade size at Assetsfx is 0.01 pips, which is very minimal.
Nairaland GeneralFed Forgets Long-term Dollar Devaluation When Pricing Eggs In BTC! by Ronald85roy(op): 1:41pm On Jun 07, 2022
The U.S. Federal Reserve has released a blog post showing the instability of Bitcoin against the U.S. dollar when buying eggs, however, the crypto community was quick to point out the reality of the situation.

The St. Louis Federal Reserve stirred up a mix of amusement and curiosity from the crypto community on Tuesday, May 7, after publishing a post showing how the cost of eggs in Bitcoin (BTC) has fluctuated over the last 14-months compared to the U.S. dollar.

On June 6, the Fed research arm posted a blog post titled “Buying eggs with bitcoins - a look at currency-related price volatility.”

The post initially features a graph showing the historical price of eggs in U.S. dollars for every month since January 2021, noting that the prices fluctuated between $1.47 and $2.52 over the 14-month period.

It then follows this up with a graph showing how Bitcoin has behaved in the same time period, noting that the price fluctuated “much more than it did for the U.S. dollar price.”

The report did not stipulate whether the price of eggs had increased or the dollar had devalued, or both, as causes for the trend.

"What would the graph look like if we purchased that same carton of eggs with bitcoins instead of U.S. dollars?"

It also drew attention to Bitcoin’s transaction fees, which it says can fall between $2 and $50.

“Plus, you’d need to add a bitcoin transaction fee, which has been about $2 lately, but which can spike above $50 on occasion. Hopefully, if you were making this purchase with bitcoin, you’d put many many more eggs in your basket,” it wrote.

Crypto Twitter Reacts
The blog post ultimately drew ire from the crypto community on Twitter, with many arguing that the fed was “cherry-picking” the time period to push the narrative of Bitcoin’s instability, rather than “zooming out”, which would instead show the massive devaluation of the U.S. dollar.

A Twitter user going by the name @MapleHodl pointed out the obvious by stating that the USD is continuously depreciating over time and Bitcoin is volatile short term, though appreciating, so “stack yolks accordingly.”

Other Twitter users said that for the Fed to even recognize Bitcoin as a unit of account as being a net positive sign for the king crypto.

“No matter how they put it. They used Bitcoin as a unit of account to compare. That’s really big.”

The recent post from the Federal Reserve Bank of St. Louis comes as a survey from Bloomberg’s MLIV Pulse on June 6 revealed that crypto and tech stocks are “acutely vulnerable” to quantitative tightening plans by the U.S. central bank aimed at dampening inflation.

“The historic shift is seen as a notable threat to tech equities and digital tokens -- both risk-sensitive assets that soared in the Covid-era market mania before cratering in this year’s cross-asset crash.”

Since 2009, when Bitcoin first came into existence, the U.S. dollar has lost 26% of its value, tracking an average inflation rate of 2.32% per year since then, according to this inflation calculator.

On the other hand, one Bitcoin, which started at a value of $0.00 in 2009, is now worth $29,495 at the time of writing.

The below chart shows the purchasing power of one U.S. dollar in today’s terms. In 1913, one U.S. dollar could buy 30 Hershey’s chocolate bars.

In 2020, it can buy just one McDonald's coffee. Additionally, the money supply (M2) in the U.S. has skyrocketed over the last two decades, increasing from 4.6 trillion in 2000 to $19.5 trillion in 2021.

Thanks for reading!
Nairaland GeneralBitcoin ATM Installations Record Low In May! by Ronald85roy(op): 2:30pm On Jun 06, 2022
Bitcoin (BTC) ATM installations across the globe have seen a steep decline throughout the year 2022, with May recording just 202 new BTC ATMs, a range last seen three years ago in 2019.

Since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling down 89.75% from December 2021’s 1,971 new installations. However, data from Coin ATM Radar reveals an evident comeback in the installation numbers, as the world saw 817 Bitcoin ATMs installed in June — in just the first five days.

Some of the key factors contributing to the slowdown of crypto ATM installations include geopolitical tensions across the world, unclear or anti-crypto regulations, market saturation and business impact due to the ongoing coronavirus pandemic.


Coin ATM Radar’s data confirms that the United States is home to 87.9% of the total 37,826 crypto ATMs worldwide. Europe houses a network of 1,419 ATMs, representing 3.8% of the global ATM installations.

Crypto ATM manufacturer Genesis Coin maintains its position as the leader in terms of the market share, representing 41% of the total operational crypto ATMs across the globe. Other manufacturers with prominent market share include General Bytes (21.6%), Bitaccess (16%), Coinsource (5.4%) and Bitstop (4.7%).

While real-world challenges may have a momentary impact on Bitcoin’s physical expansion via ATMs, at its core, the Bitcoin network continues to outperform its previous records in securing, decentralizing and speeding up the impenetrable peer-to-peer network.

As Cointelegraph reported based on data from Bitcoin Visuals, the Bitcoin Lightning Network (LN) capacity attained an all-time high of 3,915.776 BTC — further improving BTC transaction speeds and reducing fees over the layer-2 protocol.

The Bitcoin LN was first implemented into the Bitcoin mainnet in 2018 to address Bitcoin’s infamous scalability issues.

Gratitude for reading!
Nairaland GeneralCrypto Winter Has Come, And Coinbase Is In Trouble! by Ronald85roy(op): 2:23pm On Jun 06, 2022
Coinbase is pulling back on its hiring efforts. In a memo posted to Coinbase’s site, chief people officer L.J. Brock announced that Coinbase is putting a pause on hiring new employees.

As well as rescinding several jobs offers already accepted by prospective workers, citing “current market conditions and ongoing business prioritization efforts.”

The shift comes as the cryptocurrency market continues to trend downwards, dragging the supposedly immovable stablecoins, which are pegged to a fiat currency or commodity, with it.


Coinbase started to slow hiring in mid-May to make sure the company is “best positioned to succeed during and after the current downturn,” but this move halts hiring completely.

Brock notes that the freeze will also affect backfills, or the employees hired to replace workers leaving the company.


It excludes those hired to fill roles in “security and compliance,” however.

Coinbase is also contending with a lackluster response to the social NFT marketplace it launched widely in May.

According to data from Dune Analytics viewed by The Motley Fool, 4,132 people purchased an NFT on the platform within 19 days of its launch, and gross sales amounted to $875,000, or an average of $46,000 per day.

It doesn’t help that NFT sales are declining as a whole, dipping to about 19,000 sales per week at the beginning of May, as opposed to the 225,000 NFT sales made in September.


It’s unclear how many jobs offers Coinbase rescinded, and the company didn’t immediately reply to The Verge’s request for comment.

Brock says affected individuals will benefit from Coinbase’s “generous severance policy” and will gain access to a talent hub with various career resources, including interview coaching, resume review, and networking opportunities.


The changeup at Coinbase has left some prospective employees struggling. At least two individuals set to be hired by Coinbase say they may lose their OPT (Optional Practical Training) Visa due to the rescinded offer.

Others say they received an email reassuring them that they won’t lose their newly-accepted job due to the company’s hiring slowdown, only to receive an impersonal email notifying them of a rescinded offer weeks later.

“You may have seen this week that Coinbase posted an external blog post announcing our intentions to slow down hiring so that we can reprioritize our hiring needs against our highest-priority business goals,” Coinbase’s initial email to new hires reads.

“First and foremost, I wanted to communicate that we are still extremely excited about having you join Coinbase and we will not be rescinding the offers of any employees who have already signed or have received an offer from us.”


Coinbase beefed up its staff as part of its plan to hire 2,000 employees in 2022, saying it foresaw “enormous product opportunities ahead for the future of Web3” at the time.

Its most recent earnings report reveals that Coinbase added 1,218 employees in the first quarter of 2022 alone, bringing its total headcount to 4,948.


“While we did not make this decision lightly, it is the prudent one given market conditions,” Brock stated in the letter.

“We will continue to evaluate all of our options to responsibly navigate Coinbase through the current cycle.”


Coinbase’s hiring freeze is an indication of chillier conditions for the cryptocurrency market, and so are the layoffs made at other companies on the blockchain.

Cameron and Tyler Winklevoss, the twins behind the Gemini cryptocurrency exchange, also announced that they’re cutting 10 percent of staff.

The same goes for Rain, a large crypto exchange based in the Middle East, which also laid off dozens of employees.

Last week, famed short-seller Jim Chanos called Coinbase “tremendously overvalued” on the Crypto Critics Corner podcast (via Fortune), and predicts the price of its stock will sit “in the mid-teens” by the end of this year.

Coinbase shares dipped 9.7 percent after news of the hiring freeze went public on Friday.

Thanks for reading!
Nairaland GeneralWhere Can I Learn How To Make Money Online In A Week? by Ronald85roy(op): 11:27am On May 23, 2022
1. Start Dropshipping

Let’s start our list off with one of the most popular ways to make money online. According to Google Trends, dropshipping’s popularity is rapidly growing, highlighting its viability as a way to make money online.

With success stories about how an entrepreneur made $6,667 in eight weeks or how a store owner made six figures selling just one product, there’s plenty of proof that dropshipping is a real way to make money online.

2. Try Print on Demand

Print on demand is proving to be a popular option too. Graphic designers are turning to the business model to sell their designs on clothing and other products to monetize their art better.

With their unique designs, they can create a consistent and established brand for their business.
P.S: Stay Up to date with the latest Financial News - Forex Myths.

3. Make Money with Affiliate Marketing

Affiliate marketing is one of the most popular ways to make money online. Throughout the years, its popularity has gone up and down, but it continues to prove to be a stable way to make money online.


The best part about affiliate marketing is that you can be an affiliate for nearly any company, from Shopify to Amazon to Uber to FabFitFun.

4. Start a YouTube Channel

If others can make money from YouTube, so can you. The highest-paid YouTuber is 7-year-old Ryan, who reviews toys on his YouTube channel, which made him $22 million in 2018.

Another high earner is Jeffree Star, who’s made more than $18 million on YouTube and has a cosmetics brand that sells about $100 million in products annually. His YouTube (and Myspace) fame helped him use his influence to make money online beyond his YouTube earnings.

5. Become an Influencer

Building a personal brand can also help you make money online. Did you know in 2019, Cristiano Ronaldo earned $975,000 for every sponsored Instagram post, making him the highest-paid influencer?

While it may seem like reality stars, singers, and athletes are the biggest influencers, keep in mind that even smaller-scale influencers can make more money today than they did a few years back

Thanks!
Nairaland GeneralWhat Are The Best Books About Making Money? by Ronald85roy(op):
1. Automatic Millionaire

By David Bach

Becoming an automatic millionaire sounds pretty great, doesn’t it?
While following the advice in this book may not make you a millionaire overnight, it can help you get on track to make more money!

David Bach’s popular book turns some of the most common financial concepts you read about on their head to teach you how to amass wealth without:

A budget
Tons of money
Strong willpower
A higher level of financial literacy
That’s right!
Through this educational text, the common person can learn easy, realistic ways to make more money and gain more wealth for your family’s future.

2. Money Master the Game

By Tony Robbins

Written by inspirational speaker and writer Tony Robbins, this popular financial book is another great motivator to get serious about your finances and make more money.
Through interviews with legendary investors like Warren Buffet and John Bogle, Robbins outlines seven actionable steps you can take to secure your family’s financial freedom in Money Master the Game.

The steps in this book will teach you how to:

Set up a savings and investing plan to make your money work for you
Set up a lifetime income plan to help secure your retirement
Take control of all your financial decisions without hesitation
Written in easy-to-understand language, Robbins provides a wealth of financial information throughout the book. And thanks to his inspirational writing style, you’ll be excited to get started earning more money for your family right away.
Stay Up to date with the latest Financial News - Chief Idea

3. I Will Teach You to be Rich

By Ramit Sethi

Some of us need a little hand-holding when it comes to personal finance. Whether you’re new to financial management or just intimidated by learning more about financial planning, you might be hesitant to take the next step toward earning more money.
If you’re in that boat, I Will Teach You to be Rich is the perfect book for you.

This easy-to-read book provides you with a six-week program to help you whip your finances into shape.

Each chapter teaches you basic financial concepts, complete with action steps for you to complete after every lesson. After reading the chapter, you’ll be asked to complete a workbook to help guide you in the right direction.

Thanks!
Nairaland GeneralWhy Is Being Grateful The Key To Everything? by Ronald85roy(op): 1:15pm On May 22, 2022
Happiness can seem illusive sometimes, especially during hard times. But there’s a surprisingly accessible pathway to contentment, joy and positivity: gratitude. Studies demonstrate gratitude is associated with all kinds of goodies like life satisfaction, health, well-being and happiness.

It’s logical there should be so much data on happiness. After all, almost every society across the globe values it as a fundamental part of the human experience and in the U.S., we even identify happiness in our constitution as an inalienable right.

Scientists have also investigated gratitude because of the strong connections to mental health and physical wellbeing.

But the real magic is that the two are also positively related to each other. Both gratitude and happiness also have genetic components. Your choices matter, and interestingly, they may also be in your DNA.

#1 Relationships

Studies at the University of Montana found when people expressed more gratitude they tended to also report greater levels of happiness. This was significantly based on the way gratitude affected human relationships.

People tend to feel more positively about themselves and others when they express gratitude and hear expressions of gratitude. This has to do with the positive social meanings we ascribe to gratitude.

#2 Experiences And Materialism

Gratitude and happiness are also related in terms of how we spend our time and money. Researchers at Cornell University looked at 1,200 examples of online feedback and found when people completed positive reviews about experiences, they were more likely to express happiness—more so than when they completed reviews about purchases.

#3 Giving Back And Giving Voice

Interestingly the Cornell University study also found when people considered their positive experiences, they were more likely to be inspired to take future altruistic actions—contributing to others’ happiness. Gratitude inspires happiness, but it also inspires the intention to contribute to happiness in the community.

#4 A Genetic Component

Perhaps most interesting is the recent research proving a genetic component of both gratitude and happiness. Author Jonathan Haidt reports that happiness is partially the result of a genetic predisposition—in addition to situations and choices.

New research from the University of Arkansas also finds a marker for gratitude, and when people have the “gratitude gene”, they report being more grateful for their marriage partner.

Thanks!
Nairaland GeneralRe: How To Choose Between Entrepreneurship And Work by Ronald85roy: 1:30pm On May 13, 2022
- Employees seek direction while entrepreneurs create a path.
- Employees do while entrepreneurs listen.
- Employees take fewer risks while entrepreneurs live for them.
- Employees are often specialists while entrepreneurs are generalists.
- Employees get paid for their roles while entrepreneurs get paid for results
Nairaland GeneralRe: Best Platform To Trade Cryptocurrency. by Ronald85roy: 1:08pm On May 13, 2022
Best Crypto Exchanges of 2022
- Best Overall and Best for Beginners: Coinbase.
- Best Mobile App: Crypto.com.
- Best for Security: Gemini.
- Best for Altcoins: BitMart.
- Best for Low Fees and Best for Experienced Traders: Kraken.
- Best for Bitcoin: Cash App.
- Best Decentralized Exchange: Bisq.
InvestmentRe: Crypto Currency Investors Thread by Ronald85roy: 12:46pm On May 13, 2022
Is crypto currency a good investment?
Nairaland GeneralHow Do I Choose The Best Investment Strategies? by Ronald85roy(op): 11:56am On May 13, 2022
An investment strategy is a set of principles that guide investment decisions. There are several different investment plans you can follow depending on your risk tolerance, investing style, long-term financial goals, and access to capital, Investing strategies are flexible.

Strategy 1: Value Investing

Value investors are bargain shoppers. They seek stocks they believe are undervalued. They look for stocks with prices they believe don’t fully reflect the intrinsic value of the security.

Value investing is predicated, in part, on the idea that some degree of irrationality exists in the market. This irrationality, in theory, presents opportunities to get a stock at a discounted price and make money from it.

Strategy 2: Growth Investing

Rather than look for low-cost deals, growth investors want investments that offer strong upside potential when it comes to the future earnings of stocks. It could be said that a growth investor is often looking for the “next big thing.”

Growth investing, however, is not a reckless embrace of speculative investing. Rather, it involves evaluating a stock’s current health as well as its potential to grow.

Strategy 3: Momentum Investing

Momentum investors ride the wave. They believe winners keep winning and losers keep losing. They look to buy stocks experiencing an uptrend. Because they believe losers continue to drop, they may choose to short-sell those securities.

Momentum investors are heavily reliant on technical analysts. They use a strictly data-driven approach to trading and look for patterns at stock prices to guide their purchasing decisions. This adds additional weight to how security has been trading in the short term.

Strategy 4: Dollar-Cost Averaging

Dollar-cost averaging (DCA) is the practice of making regular investments in the market over time and is not mutually exclusive to the other methods described above. Rather, it is a means of executing whatever strategy you chose. With DCA, you may choose to put $300 in an investment account every month.

Thanks!
Nairaland GeneralWhat Are Some Reasons To Start Your Own Business? by Ronald85roy(op): 11:40am On May 13, 2022
Small businesses are big business – in fact, those with fewer than 100 employees account for 98 percent of all businesses in the U.S.1

Starting a business may be daunting, but if you take into account the 30.7 million small businesses operating in the U.S. alone,2 you’ll find learning how to start a business is a lot easier than it used to be.

Today’s interconnected world has opened up millions of new niches for entrepreneurs to start small businesses and countless sources of advice are available on the web. In addition, the internet has enabled business owners to connect with their peers, learn from their mistakes, and use their successful decisions as a guide for their own paths.

1. Be your own boss

Instead of bashing your head against a wall every time your boss makes a mistake, be the one making decisions – and hold yourself accountable to them. Of course, it’s human nature to want to avoid risks, but in the words of Nora Denzel, former CEO of American company Outerwall, “If you don’t take risks, you’ll always work for someone who does.

2. Define your job description

If you think you possess a range of key talents, entrepreneurship presents a way to utilize these skills to their full potential.
As an entrepreneur, you’ll fill many roles in your business, especially when starting out, which is why you can’t be afraid of doing the dirty work. Many days you’ll find yourself in the position of anything from leader and marketer to therapist and receptionist.

3. Turn your passion into profit

Starting a business is risky, so it’s important to remember why you’re doing this when the going gets tough.
Twenty percent of small businesses don’t survive their first year, and nearly a third fail in the second. Half-fold after five years in business.6 Those first few years of a business are hard, which is why passion is crucial to sustain you.

4. Increase your earning potential

Perhaps your current job doesn’t pay what you’d like, or maybe you’ve got a sideline passion project that has the potential to become a lucrative full-time career.

Either way, you’ll have to put in the hours to turn it into a business. As U.S. entrepreneur Lori Greiner says, “Entrepreneurs are willing to work 80 hours a week to avoid working 40 hours a week for someone else.

5. Improve the lives of others
In the U.S. alone, new businesses create 1.5 million jobs annually.12 Starting a new business means you have the opportunity to hire and train those who may not have had the opportunity for decent work in the past. It also means you get to make a meaningful impact on society.

Thanks for reading. I hope you learn some important tips.
Nairaland GeneralWhy Is Crypto Called The Safest Currency? by Ronald85roy(op): 12:47pm On May 12, 2022
"There are many subjects you need to understand before calling it the safest currency system.

Despite its decentralized nature, transactions on most cryptocurrency networks are very secure — as long as crypto users take precautions. The underlying blockchain technology is inherently secure.

Crypto can be purchased, stored, and used safely — so long as the user follows best practices (see the section “How to Invest in Crypto Safely” below).

And following those same precautions, crypto can be invested safely.

However, when it comes to investing, most experts recommend that crypto be kept at a relatively small percentage of your invested assets.

In other words, it’s safe to invest in cryptocurrency — but you shouldn’t only invest in crypto.

Experts recommend building a diversified portfolio of stocks, bonds, ETFs, real estate, and cryptocurrency.

And, of course, no investment is guaranteed.

As we saw in the 2008 market crash, even seemingly safe investments like real estate and stock index funds are prone to market crashes. Crypto is no different.

Thanks!"
Nairaland GeneralWhich Coins Are Best For Investment? by Ronald85roy(op): 12:04pm On May 12, 2022
"Do you mean cryptocurrency? then here are some best options for you to invest in:

Bitcoin (BTC)
Market cap: $723 billion

Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers.

Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.

Ethereum (ETH)
Market cap: $333 billion


Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).

Ethereum has also experienced tremendous growth. From April 2016 to the beginning of May 2022, its price went from about $11 to over $2,700, increasing by almost 25,000%.

Tether (USDT)
Market cap: $83 billion


Unlike some other forms of cryptocurrency, Tether is a stable coin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations.

In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.

Binance Coin (BNB)
Market cap: $62 billion

Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.

Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform.

Now, it can be used for trading, payment processing, or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

BNB’s price in 2017 was just $0.10. By the beginning of May 2022, its price had risen to around $383, a gain of approximately 350,000%.

Thanks!"
BusinessWhat Currency Has The Least Value Currently In The World Market? by Ronald85roy(op): 11:17am On May 11, 2022
Let’s find out more about these weakest currencies in the world.

1. Iranian Rial
The Iranian Rial is the least valued currency in the world. It is the lowest currency to USD. For the simplification of calculations, Iranians regularly use the term ‘Toman’. 1 Toman equals 10 Rials.

Several reasons led to the decline of the Iranian Rial; the war between Iran and Iraq, the threats faced by Israel, and the dangers of possible nuclear warfare. Due to this, measures such as restriction of ‘Iran’s access to the ‘world’s market were implemented, which ultimately caused significant losses to its economy. Iran was a major oil exporter, the country was also deprived of opportunities to export its oil. This again created a crucial deficit in ‘Iran’s national budget.

All of these events led to the dropping of the Iranian Rial as the lowest valued currency. The United States of America and the European Union, in 2016, lifted a few sanctions leading to an improvement of ‘Iran’s economic situation and stabilization of the Rial. However, in 2018, The United States of America imposed and sharpened its sanctions again.

2. Vietnamese Dong
The second cheapest currency in the world is the Vietnamese Dong. Vietnam is still in the way to complete progress from a centralized economy to a market economy. As a result, the Vietnamese Dong is a currency worth the least. Extremely devalued in terms of other world currencies, it has one of the lowest currency exchange rates across all countries except Iran.

However, experts in currency matters claim that the government of Vietnam is marching ahead on the right path to growth and will soon catch up with its Asian neighbors. Soon, the Vietnamese Dong might not even be on the list of the cheapest currency in the world.

3. Indonesian Rupiah
As a result of the low values of banknotes that were of an old style, the presidential decree of 5th September 2016, issued 7 new banknotes Their denominations ranged from one thousand to a hundred thousand Rupiahs.

Though Indonesia is an economically stable and developed country in Southeast Asia, the Rupiah has a very low exchange rate. The regulatory authorities operating in the country have been implementing all measures to strengthen the national currency. However, until now, all efforts have only led to small, insignificant changes.

4. Guinean Franc
One of the most inflated currencies, the Guinean Franc is the official currency of Guinea. An African country with a high inflation rate, increasing poverty, and the prevalence of gangsters, Guinea has been suffering from a currency devaluation for a long time.

The most astonishing aspects of this country are the natural treasures like gold, aluminum, and diamonds that are found in abundance here. With all such resources, the currency should be one of great value. Sadly, this is not the case.

5. Lao or Laotian Kip
The only currency on the list of cheapest currencies in the world that did not devalue is the Laotian Kip. As the only currency that was initially introduced at a very low rate, this currency has been suffering from a very low exchange rate for many years.
Since 1952, the year of its issuance, the Laotian Kip has not been able to strengthen itself against the value of the US Dollar. Despite this fact, the value of this currency continues to improve gradually.

I will stop here regardless of whether there is something else to examine! A LOT! However, this isn't a digital book and is as of now an extremely lengthy post! Basically, it gave you a couple of valuable tips, I trust. My central goal is to help you, and I truly trust I recently did that!
BusinessOil Tumbles On Global Economic Worries, Strong Dollar! by Ronald85roy(op): 1:42pm On May 10, 2022
Oil prices tumbled more than 1% on Tuesday, extending the previous day's steep declines as coronavirus lockdowns in top oil importer China, a strong dollar and growing recession risks fed worries about the outlook for global demand.

Brent crude fell $1.31, or 1.2%, to $104.63 at 0216 GMT after slipping to as low as $103.19.

U.S. West Texas Intermediate crude fell $1.25, or 1.2%, to $101.84 a barrel after hitting an intraday low of $100.44.

On Monday, both benchmarks posted their biggest daily percentage fall since March, dropping by 5% to 6% since March.

The fall in oil prices reflected trends in global financial markets as investors shed riskier assets on worries about higher interest rates and their impact on economic growth.

The dollar held near 20-year highs, making oil more expensive for holders of other currencies.

"China’s COVID situation, rising rates, and growing recession risks are not helping risk assets," Warren Patterson, head of ING commodities research said.

The latest data showed China's export growth had slowed to single digits, the weakest in almost two years, as the country extended lockdowns to curb the spread of COVID-19.

Oil prices were boosted last week after the European Commission proposed a phased embargo on Russian oil. However, the approval has been delayed amid requests from Eastern European members for exemptions and concessions.

A new version, currently being drafted, is likely to drop a ban on EU tankers carrying Russian oil, after pressure from Greece, Cyprus, and Malta, an EU source said.

"Clearly, (EU) members are struggling to come to an agreement, which suggests that we may see a further watering down of the proposed package," Patterson said.

Financial markets are also heeding concerns that some European economies could suffer distress if Russian oil imports were curtailed further, or if Russia were to retaliate by cutting off gas supplies.

German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, Reuters reported.

A halt to Russian gas supplies to Germany would trigger a deep recession and cost half a million jobs, a senior economist said in an interview published on Tuesday.

Hungary has also restated its position that it will not accept a new round of proposed sanctions on Russia until its concerns are addressed.

In the United States, U.S. crude, distillates, and gasoline inventories likely fell last week, a preliminary Reuters poll of the weekly data showed on Monday.
BusinessGold Price Extends Decline As Dollar Rallies To 20-year High! by Ronald85roy(op): 1:02pm On May 10, 2022
Gold prices extended losses on Monday as the dollar rallied to two-decade highs while US Treasury yields also advanced, curbing investors’ enthusiasm for the safe-haven metal.

Coming off a run of three straight weekly losses, spot gold declined another 1.0% to $1,863.96 per ounce by 12:25 p.m. ET Monday.

US gold futures, too, dropped 1.0% in New York, trading at $1,862.60 per ounce.

Bullion has been sliding since mid-April as the Federal Reserve and other central banks tighten policy to fight rising consumer prices.

The monetary squeeze has sent yields on US government bonds past 3% and fueled five weeks of gains for the dollar, making non-interest-bearing gold less attractive.

Still, there could be more bond market swings to come as a swathe of inflation data feeds the debate on price pressures and monetary policy.

US consumer prices are set to be released on Wednesday, with China, India, Mexico, and Brazil also reported during the week.

Investors also digested trade data from China Monday that showed the damage caused by the covid-19 lockdowns in the world’s second-biggest economy.

The nation’s exports and imports struggled in April as worsening virus outbreaks cut demand, undermined production, and disrupted logistics.

“Persistent strength in the US dollar and higher bond yields amid expectations that the Fed may continue with aggressive rate hikes to get inflation under control is weighing on gold,” Ravindra Rao, the head of commodity research at Kotak Securities Ltd.

The downside is limited to increasing concerns relating to China, inflationary worries, and tensions over Russia’s invasion of Ukraine, he said.

Investors are beginning to cut back their exposure to gold after a long period of expansion, with exchange-traded fund holdings falling for a second straight week.

Hedge funds trading on the Comex also cut their net bullish bets to a three-month low as of last Tuesday, Bloomberg data shows.
I will stop here even if there is a LOT more to discuss! A LOT! But this is not an ebook and is already a very long post! At least it gave you a few useful tips, I hope. My mission is to help you, and I really hope I just did that!
PoliticsRe: Umahi Ask Judge To Withdraw His Motion For A Stay Of Execution by Ronald85roy: 1:10pm On Mar 21, 2022
Thanks for sharing this information.
Have a nice day!
PoliticsRe: Ephraim Inyang: A Man That Has Been Decorated In The Hall Of Fame For Liars by Ronald85roy: 12:58pm On Mar 21, 2022
"Thanks a vast for sharing these essential prospects with us and huge gratitude for that. The topic that you've stated is undoubtedly filled with significance and we really can't deny that fact.

Have a nice day!"
PoliticsRe: Ebele Obiano: I Went To Greet Bianca Ojukwu & She Slapped Me by Ronald85roy: 12:42pm On Mar 21, 2022
Thanks a vast for sharing these important prospects with us and huge gratitude for that. The topic that you've stated is certainly filled with energy and we really can't deny that fact.

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PoliticsRe: Domestic Debt: Lagos Borrows Over ₦126 Billion In 3 Months by Ronald85roy: 12:20pm On Mar 21, 2022
HUGE gratitude for sharing these essential prospects with us and literally all of us really appreciate the effort. The topic that you've stated is undoubtedly filled with significance and we really can't deny that fact.

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