Naija Novice Hangout {Newbies introduction & Orientation} Thread. - page 187.

Charles-Tim

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Quote from: Dbdhsgsgsvddv on December 06, 2021, 02:49:14 AM

What is mining rineck?

It is Renec. Remitano is the developer behind the coin. It can be mined on Remitano mobile app, but not yet tradable.

Quote from: Dbdhsgsgsvddv on December 06, 2021, 02:49:14 AM

I check coin market cap and coingecko I did not see it.

The coin is not yet tradable, the reason you did not see it on Coinmarketcap or Coingecko or other related sites. It is possible you do not see it on such sites and become tradable on Remitano, but I am not thinking Remitano will want the coin to be traded only on their exchange, which means it will likely be listed also on other exchanges and meet the requirements of listing on Coinmarketcap and Coingecko.

KarpovE4

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Quote from: Dbdhsgsgsvddv on December 06, 2021, 03:59:57 AM

Quote from: KarpovE4 on December 06, 2021, 03:32:08 AM

social media influencers go advertise anything them pay them to do. Nor make mistake to think say something legitimate because one big influencer dey promote am. Na their hustle be that I nor dey talk say remitano nor good o I dey use remitano back to back. You get my point

Okay thank you yes I know that too, but what about rinec that I said, I do not see it on coin market cap, but said to be on remitano, should I mine the coin? I am afraid of fraud. I did not see the coin on coingecko too.

Them nor dey use money mine coin. Na your time and data be the cost of this kind of mining. Nor forget say coins way them dey mine na coins way never dey listed for exchanges or never start presale. Many times this mining business nor dey get head but the prospect of free money dey burst head. Nobody wan miss out nai make some people dey mine pi up and down. Some even go do polo dey wear say them be ambassador

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Quote from: KarpovE4 on December 06, 2021, 03:32:08 AM

social media influencers go advertise anything them pay them to do. Nor make mistake to think say something legitimate because one big influencer dey promote am. Na their hustle be that I nor dey talk say remitano nor good o I dey use remitano back to back. You get my point

Okay thank you yes I know that too, but what about rinec that I said, I do not see it on coin market cap, but said to be on remitano, should I mine the coin? I am afraid of fraud. I did not see the coin on coingecko too.

KarpovE4

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Quote from: Dbdhsgsgsvddv on December 06, 2021, 02:49:14 AM

Remitano and rineck or rinec...

I watch a comedy about remitano and the mining rineck or what they call it I don't know the spelling.

https://youtu.be/NLri2YxLCnw

I am not about the comedy because we can not follow comedy, what they are advertising can be risky that is why I am here to ask you. What is mining rineck?

I check coin market cap and coingecko I did not see it.

social media influencers go advertise anything them pay them to do. Nor make mistake to think say something legitimate because one big influencer dey promote am. Na their hustle be that I nor dey talk say remitano nor good o I dey use remitano back to back. You get my point

Dbdhsgsgsvddv

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Remitano and rineck or rinec...

I watch a comedy about remitano and the mining rineck or what they call it I don't know the spelling.

https://youtu.be/NLri2YxLCnw

I am not about the comedy because we can not follow comedy, what they are advertising can be risky that is why I am here to ask you. What is mining rineck?

I check coin market cap and coingecko I did not see it.

Charles-Tim

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Quote from: nelson4lov on December 05, 2021, 03:08:38 PM

I agree with the fact that Covid-19 peak wasn't in March 2020 but I been just dey point out say na Covid-19 fears been cause the large market crash around that time because multiple countries been announce lockdown and stay-at-home around that time and oil prices crashed hard too alongside Stock prices.

Just that the evidence wasn't obvious like when Elon Mush took to media about stopping Tesla to be accepting bitcoin, or the China FUD that crashed bitcoin from $45000 to a price below $31000. Some analysts said covid-19 was responsible for the March 2020 crash, but almost exactly the same crash occured in March 2019, what was the cause of that? Some people like CZ in exactly that March said that covid-19 was never responsible for 60% crash of bitcoin price , but he indicated 60%. Very possible Covid might be responsible for certain percentage of the crash, but some analysts and journalist are making it to look like it was responsible for 100% crash during the time while no accurate data about that.

Quote from: nelson4lov on December 05, 2021, 03:08:38 PM

Omnicron dey cause some panic right now wey fit take the market down for a while.

Never mind those news. Whales are still capable of manipulating prices, they sell to liquidate some people's funds and buy the dip to make more profits.

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Quote from: Charles-Tim on December 05, 2021, 03:44:18 AM

Covid 19's peak was never March 2020. During its peak, there was bull market. I do not consider covid 19 as the cause of bull or bear market.

US inflation? Agreed but dollar depreciating over short time period is not that obvious on bitcoin price, the reason bitcoin supposed to be around $8000 (₦3,080,000) sometimes ago in 2020, but instead was around $10000 (₦3,850,000) due to US inflation from 2010 to 2020 which was responsible for the $2000 (₦770,000) price difference.

Note: Naira at the time was around ₦385 to a dollar, I may not be accurate about dollar-to-naira conversion as some other factors may be considered to get the actual value in naira.

I agree with the fact that Covid-19 peak wasn't in March 2020 but I been just dey point out say na Covid-19 fears been cause the large market crash around that time because multiple countries been announce lockdown and stay-at-home around that time and oil prices crashed hard too alongside Stock prices. It's the initial fear that causedit but it got better when people come later understand more about Covid-19 and more information come dey.

Omnicron dey cause some panic right now wey fit take the market down for a while.

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Quote from: KarpovE4 on December 05, 2021, 12:50:01 PM

For me o I nor see any reason to drag the matter. Make we hear wetin others for here think about the matter first as for me you already know my mind

We are not dragging matters, we are brothers, we can use what we like, we should not wait for the opinions of others, it is just what I like and what I wish, you may wish another thing but we are good all.

If you are in Europe today, you will see how they are make use of euro for this type of thing, if you go to England, you will see how pound is very important. That is what I am saying but we can use what we like. I will be happy to see things with us in naira.

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Quote from: Dbdhsgsgsvddv on December 05, 2021, 11:39:39 AM

Quote from: KarpovE4 on December 05, 2021, 08:51:42 AM

brotherly this one you talk nor follow at all. Dollar na universal currency for conversion anywhere for the world. Because say we dey talk usd nor mean say we dey devalue naira or one thing. Naira value dey influenced by usd rate even market women sef know this thing

Thank you for what you say, I am only saying that it will be good to make it naira because it is local area, if it is in dollar too it not bad but I am think in a way it is bitcoin and naira, I am not using dollar for anything.

I get bitcoin to help grow my value worth, what I can buy next is naira, I will not do that because I am comparing dollar to naira and I know it is not good option for naira. It is not related to dollar.

But did you notice we are not in US? Let us support naira too. If I will think it I do not care about dollar be international or not.

For me o I nor see any reason to drag the matter. Make we hear wetin others for here think about the matter first as for me you already know my mind

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Quote from: KarpovE4 on December 05, 2021, 08:51:42 AM

brotherly this one you talk nor follow at all. Dollar na universal currency for conversion anywhere for the world. Because say we dey talk usd nor mean say we dey devalue naira or one thing. Naira value dey influenced by usd rate even market women sef know this thing

Thank you for what you say, I am only saying that it will be good to make it naira because it is local area, if it is in dollar too it not bad but I am think in a way it is bitcoin and naira, I am not using dollar for anything.

I get bitcoin to help grow my value worth, what I can buy next is naira, I will not do that because I am comparing dollar to naira and I know it is not good option for naira. It is not related to dollar.

But did you notice we are not in US? Let us support naira too. If I will think it I do not care about dollar be international or not.

KarpovE4

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Quote from: Dbdhsgsgsvddv on December 05, 2021, 07:07:28 AM

Happy Sunday everyone, I greet Muslims and others too.

This I want talk about make me not be happy, if this is local area we are still talk about dollar, we suppose to talk about naira, we can just talk small about dollar.

If ask anyone that what is bitcoin price, we will not think two times that it is between $45,000 to $50,000 but if ask in naira, we do not know where the price fall. Let us like naira and talk about it instead of only dollar. Relationship between naira and bitcoin.

@nelson4lov why is US inflation instead of nigeria inflation, we are in nigeria only naira we are spend. Let us respect what is from our country. @CryptopreneurBrainboss Sir I will like and happy to see naira also next time. I will like a question, I am wrong? I can be wrong.

brotherly this one you talk nor follow at all. Dollar na universal currency for conversion anywhere for the world. Because say we dey talk usd nor mean say we dey devalue naira or one thing. Naira value dey influenced by usd rate even market women sef know this thing

Dbdhsgsgsvddv

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Happy Sunday everyone, I greet Muslims and others too.

This I want talk about make me not be happy, if this is local area we are still talk about dollar, we suppose to talk about naira, we can just talk small about dollar.

If ask anyone that what is bitcoin price, we will not think two times that it is between $45,000 to $50,000 but if ask in naira, we do not know where the price fall. Let us like naira and talk about it instead of only dollar. Relationship between naira and bitcoin.

@nelson4lov why is US inflation instead of nigeria inflation, we are in nigeria only naira we are spend. Let us respect what is from our country. @CryptopreneurBrainboss Sir I will like and happy to see naira also next time. I will like a question, I am wrong? I can be wrong.

Charles-Tim

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Quote from: CryptopreneurBrainboss on December 04, 2021, 04:16:30 PM

Quote from: SatoPrincess on December 04, 2021, 04:39:18 PM

Bitcoin is already at $46k but I don't think btc will fall below 40k support so therefore I cannot participate in the poll. This is a little correction btc has to undergo before breaking 60k resistance again. I'm still bullish even now. I suggest the price range should be adjusted for those of us that still believe btc will pump as fast

I mean for the bear market that's incoming or has already began. I no mean corrections matta.

I too got no option than to choose below $40000 because it was the highest, I could be wrong but I wanted to choose above $50000 which I am predicting to be the support if the bear market does not continue. Some people may even decide to still go for $60000 just for the fun of it and how they are thinking bullish about bitcoin price.

Quote from: nelson4lov on December 04, 2021, 05:12:26 PM

Omo! with the way things dey now, e be like we go enter the Bear market sooner than earlier anticipated because now too many negative things don dey now wey fit keep the market down for good for a long time. some of them include:

Omnicron - Covid-19 new varient
US Fed Inflation

Covid 19's peak was never March 2020. During its peak, there was bull market. I do not consider covid 19 as the cause of bull or bear market.

US inflation? Agreed but dollar depreciating over short time period is not that obvious on bitcoin price, the reason bitcoin supposed to be around $8000 (₦3,080,000) sometimes ago in 2020, but instead was around $10000 (₦3,850,000) due to US inflation from 2010 to 2020 which was responsible for the $2000 (₦770,000) price difference.

Note: Naira at the time was around ₦385 to a dollar, I may not be accurate about dollar-to-naira conversion as some other factors may be considered to get the actual value in naira.

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Quote from: CryptopreneurBrainboss on December 04, 2021, 04:16:30 PM

I mean for the bear market that's incoming or has already began. I no mean corrections matta.

Omo! with the way things dey now, e be like we go enter the Bear market sooner than earlier anticipated because now too many negative things don dey now wey fit keep the market down for good for a long time. some of them include:

Omnicron - Covid-19 new varient
US Fed Inflation

I remember how covid-19 tank the market back in March 2020 and we fit see another similar effect if Omnicron come dey too serious since global trades among countries go stop and people go start withdrawing their assets if another stay-at-home go commence. But I just no dey too convinced say we don enter full-fledged bear market. I dey personally expect bitcoin to reach the optimistic target in early 2022. not this year again because people go most likely withdraw their assets and not make new investments. I personally know some of my friends wey don hedge to USDT and end all and any investment for this year until next year.

SatoPrincess

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Quote from: CryptopreneurBrainboss on December 04, 2021, 04:16:30 PM

How una think say the thing go play out you fit use the poll above.

Incase you get mata you wan put for pull, just write am here and PM me, we fit dey do am weekly or biweekly so everybody fit use the poll feature.

Bitcoin is already at $46k but I don't think btc will fall below 40k support so therefore I cannot participate in the poll. This is a little correction btc has to undergo before breaking 60k resistance again. I'm still bullish even now. I suggest the price range should be adjusted for those of us that still believe btc will pump as fast

KarpovE4

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Quote from: Dbdhsgsgsvddv on December 04, 2021, 04:49:25 AM

Quote from: SatoPrincess on December 02, 2021, 08:30:47 AM

Quote from: Dbdhsgsgsvddv on December 02, 2021, 08:11:26 AM

Can I go for exchange advertised in Nigeria by comedians?

I like watching comedy a lot, I noticed comedy have turn to business in Nigeria, all them are doing it for one reason, the reason is to be rich, they are using it for advertising and they are paid.

The question I want to ask is that many exchanges they are advertising I have not heard of the exchanges before, what are you know about the exchanges, are the exchanges safe to use to buy bitcoin true true?

What I mean are crypto exchanges.

Note that most of the comedy skits carry a disclaimer. DYOR the comedians cannot be held responsible for any action from the exchanges. I suggest you use the popular exchanges like binance, Coinbase, roqqu, Patricia

I can see from a post that we can check some exchanges on coin market cap and coingecko, I don't see roqqu and patricia, are you sure the exchange are good? Are the exchange local nigeria exchange?

I have see patricia advertised on big brother Nigeria before, I am think it will be good.

I want to ask also are they giving me private key or they will have it? Have you used Patricia before? Hkwnis there service.

I am asking this because I want to support local exchange too.

My brother all this yannings our people don tell na vital. Wetin I go add be say e go better for you to use peer to peer buy crypto. We get iron hand cryptopreneurBrainboss exchange for the house. He dey too modest to tell you but me I get the update. BrainbossXchange na sure banker. I nor know why you wan go far to London when wetin you dey find dey your compound.

CryptopreneurBrainboss

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90% of those peer 2 peer exchange dis Instagram comedian they advertise no dey safe to use. And for those wey try dey safe, their fees no be here especially Patricia. For the odas, If you watch out them no ever get sites as dem dey always refer to Instagram and you go dey here anyhow names. People fit easily create clone self scam you and even if the real accounts scam you, nothing you fit do.

Just stick to wetin dey popular and secure even though you go need do small KYC. E better than you go lose your money oh. Well the market dun cut people slip like Naira bet e come belike we dun enta bear or dun dey enter. How una think say the thing go play out you fit use the poll above.

Incase you get mata you wan put for pull, just write am here and PM me, we fit dey do am weekly or biweekly so everybody fit use the poll feature.

Quote from: SatoPrincess on December 04, 2021, 04:39:18 PM

Bitcoin is already at $46k but I don't think btc will fall below 40k support so therefore I cannot participate in the poll. This is a little correction btc has to undergo before breaking 60k resistance again. I'm still bullish even now. I suggest the price range should be adjusted for those of us that still believe btc will pump as fast

I mean for the bear market that's incoming or has already began. I no mean corrections matta.

Charles-Tim

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About Patricia, it was an exchange based in Nigeria, but maybe this is true or a rumor, all I found out is that the exchange relocated to Estonia after CBN ban. The exchange is a custodial exchange and only supporting bitcoin and ethereum.

It exchange is poorly rated on Trustpilot, and not listed on Coinmarketcap which should be the first site to research about reputed crypto exchange (not implying their should not be further research because some exchanges listed on Coinmarketcap are shady). You can check comments about Patricia on Nairaland:

Is Patricia Technology A Scam? - Investment - Nairaland
Patricia Is A Scam - Business - Nairaland

That was the first two threads I checked about the exchange on Nairaland and both are highly making Patricia discouraging. If comparing it to Remitano, I will prefer Remitano. For privacy, the best is to go for decentralized exchanges like Bisq, Hodlhold or Localcryptos, maintaining privacy is costly but actually is worth it. Also that decentralized exchanges are not having high trading volume unlike custodial exchanges.

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Quote from: KarpovE4 on December 04, 2021, 10:36:01 AM

Quote from: Dbdhsgsgsvddv on December 04, 2021, 10:17:35 AM

Nigeria has good betting sites, why people going to fake ones.

Yes na we get Ogbonge betting sites for naija we nor need wahala from external bodies. Na greed dey do us if not merrybet, naijabet dey ok to use. Na too much gain dey kill kontri man

I was given 100% bonus when I register bet9ja, not only that but bet9ja is also giving me some bonuses, it is also good, it gives me most bonus. Nairabet and merry bet are hard to give bonus but all good in reputation. Thank you for also saying this.

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Quote from: Dbdhsgsgsvddv on December 04, 2021, 10:17:35 AM

Nigeria has good betting sites, why people going to fake ones.

Yes na we get Ogbonge betting sites for naija we nor need wahala from external bodies. Na greed dey do us if not merrybet, naijabet dey ok to use. Na too much gain dey kill kontri man

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