Topic: Naija Novice Hangout {Newbies introduction & Orientation} Thread. - page 251. (Read 1032746 times)

Nobody here can provide liquidity pool, only some kind of decentralized exchanges like Uniswap can provide liquidity pool in a way no need to make use of exchange order book which can lead to high transaction fee, this is common in exchanges that rely on gas fee in order to minimize the fee. Instead of such decentralized exchanges to rely on order book which will make the fee high, they rely on already deposited funds into smart contract as a form of pool which buyers can rely on for low fee.

Liquidity provider (LP) tokens, these are the tokens on Dex (decentralized exchanges) that are staked, these tokens are ETH and ERC20. Everything about cryptocurrencies are risky, but the risk can lead to potential gain or loss. Let me use some examples to illustrate:

Assuming you staked when ethereum price is $1000, and the price of ethereum decreases over time. Very possible for the LP to lose if his gain from the accumulated fee profit is not more than the amount lost from the price decrease of ethereum.

Assuming the LP have staked for some months and have gained from accumulated fee, if the price of ethereum decreased, he can lose. But later if the price increase back to the staked price ($1000), his gain will be from the stake profit from the accumulated fee.

But if there is a great fall of ethereum price, that means LP is losing already, if the loss is more than the gain from accumulated fee.

Which means the profit or loss depends on the accumulated fee gain and price deferential.

You can read this to know more about it:
https://pintail.medium.com/uniswap-a-good-deal-for-liquidity-providers-104c0b6816f2
https://uniswap.org/docs/v2/advanced-topics/understanding-returns/

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Abeg e get anybody here were de provide liquidity pool, which pair ko fit make sense pass? I been think say risk no de for staking LP, but risk de small (or big infact) as two things de involved, price change and trading volume....
My problem be which pair de make sense pass..? And how much I ko need stake

Welcome back baba we don ask of you tire I hope say everything is good now? Abeg join de telegram group pipo want hear from u

I greet una hia in de house, e don tail my peeps, no be small tin i battle wit life sickness seriously; i greet everyone for deir concerns nd prayers offered am back again. Mak God save us 4rm any form of sickness becus e no dey gud at-all, again una tank-u for keeping hia busy wit gud tori

https://bitcointalksearch.org/topic/m.56652159

More to discuss...

There are many p2p exchanges wey Naija full, but why you talk sey you no like exchanges wey Asia full when na Nigerians you go meet for there to exchange coins? I think that one should not be a reason why people should not use ham, but as for Remitano, the exchange good and na one of the p2p wey Naija like to dey use.

This exchange be like wetin motor jam ooo I no dey too gbadoo exchange wey Asians full am ooo.. Me go still dey manage my remitano. @joseflix you say wetin do dose pipo you list so? Which method you carry to show say na scammers dem be? Dem say abi you know?me no dey believe dem say dem say ooo make you no pour water for person stove ooo.. I no dey

If una ask me how e go be via this new exchange 2ay just set so eh, I think say, e go dilettante very bad say we just jump into conclusion say them legit con start tonfey run matters with them. I no care watin them offer. Today cef, I find myself for one local scam scheme. Them call am, access investment conclusion decorate am like say na access bank bring up the thing to ensure say, scam no sup mean while, na them be the scammers way wan scam me.
So, e go good say, we investigate this new exchange matter well before we run any transaction with them. Make e no con be say, na your brother dey chop your money and you no know. E go bad well well.
So abeg, make we dey wise say, people dey wan make use of opportunity to mess other people up and with all tis catacata way happen, e no go wrong say, na watin wan sup be this. Make una open una eyes.

Another exchange known as Quidax that some Nigerians are using for crypto transactions havs included p2p on its trading platform, this was as a result of cryptocurrencies banned by the Central Bank of Nigeria. Although there are many other exchanges that Nigerians can transact cryptocurrencies using p2p, but I think this should also be disclosed.

To know how this works, you can visit the link below
https://blog.quidax.com/make-way-p2p-is-live-on-quidax/?utm_source=sendinblue&utm_campaign=Update_62_on_CBNs_crypto_love_letter_&utm_medium=email_medium=email

Note: p2p on Quidax is not yet supported on their app, it is only still available on their website, but with time, it will likely also be available on Quidax app.

Me sef no knw wetin to talk abt the kind country sef. Plenty of us sef don tire comot hand frm all this country stuff especially this N-power matter.
The issue of industry; As I been the listen to 9ja news this morning I hear say dem 1 renovate the refinery wey d port-harcourt and e go cost Dem $1.5 billion.
I jst d laugh after we go hear say dem go collect loan from anoda country na so 9ja go jst d borrow
My own b say make we jst the put this country for our prayers ohh because nw ehh this situation don pass us. Make we jst the pray make e no pass as e b already

First of all, it will be good to correct Finance to Binance for people to be able to understand.

Nice one, but just a question, and just for the authenticity of your post, what creteria did you use before including such people into the list of people we should not trade with on binance?

Also, I have a suggestion, there are two types of p2p on Binance:

• p2p
• Express

For fast selling, express will be best option, but different price range and many buyers and sellers are in p2p. But, for fast trade and more reputed buyers, express should be considered.

But, more importantly, checking bank balance is very important to make sure the fund has been received, not through text message or email, but checking account balance online.

If most people know for 9ja say some people dey collect $300-500 monthly for just pressing their phones legally for the same 9ja we dey dem go shout and doubt but na the fact. Our leaders done already program us say poverty suppose master us. E no really go well but make we try by all means to maintain the best we dey do for here.
 
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If dem nor be graduates dey collect dat peanuts, we still fit reason am sey dem nor go school. But graduates follow for these people wey dey collect dat peanuts oh. This nor be joke matta. Abi how much una think sey those teachers for private schools dey collect? Wetin most of dem dey collect dey in the range of that N15k — N20k. The worse part be sey wey you wan even talk to dem about online biz na still dem go begin tell you how scam full online. Dem nor dey like show interest. I dey talk from experience with people around me.

BTW, who don hear about Becky666? E don tey wey im com online. Anybody wey get im numba make dem halla am.

Lol. Funny thing be say, people still dey wey dey collect less than 15K naira as salary for this country and them dey survive. Govt don know for a long time say no matter how them do us, we dey adapt fast and live with the changes. E go be why them make things hard like this for us. Those people still dey survive na just their standard of living wey dey low. Nothing for the country interest anybody again. To make matters worse, e get some workers wey government dey owe them their salaries (those 15K - 30k) for several months! No joke Oo. This country na wa.

The country don fail us finish, 30,000 naira na like $63 be that o, and na monthly, if someone dey collect less than that for our country, na die be that. Although, no be anything new to me as I see people wey dey collect 20,000 wey worse pass that one sa. The reason the country na curse on its own.

C'mon man we dey talk about survival here you dey call car?? At this point in time some person want just eat, wake up and sleep you dey call car, there are millions of Nigerians who live on less than 30k a month and when something like this comes out in a failed system you just have to take it. No president is perfect, just know say as the world dey go standard of living dey increase, you no fit compare 90s standard of living to now. Some Nigerians get business today all thanks to N-Power. Nigeria is too large to please.

Alibaba, Amazon, Apple, etc.. Na personal businesses dey no wait for government. Government will not do everything for you sometimes think of wetin you go do for the government. Start up business, create innovations. Government go find you.

Fat woman brezz better pass at all at all

During Jonathan time, dollar to naira na $169 or less, but in Buhari time na $380 now. Foods this time is 3 times or more cost than that time. The minimum wage wey 'say baba' increase to 30,000 naira is now less in value to the 19,800 naira wey people dey collect in the past, the country be like say nothing increase, even worse than before. The fact be say Naija standard of living don decrease than the last time.

Money wey someone no fit use buy used car in 10 years, that one no be money. Money wey no make someone dey employed no be money, money wey someone dey collect and still dey suffer, no be money. Naija lack industry, and the government no care about the sector, na why we dey poor. See how the world are growing faster, Naija dey lack behind, waiting I see for N-power na suffering thinking na joy.

If we come look into the matter well, organizations wey suppose get full time worker, na them N-power go fill in, e be like casual job to me, casual job plenty for underdeveloped country because no job dey available. N-power na trash if we check ham well.

Jonhnatan era na something like Freemoni wey nobody for Niger Delta benefit only the northern parts of the country, every government get there own way of doing things... Nobody be jollof rice him fit please everybody, under Johnathan with the highest GDP yet nothing him do for minimum wage, Buhari with the worst GDP still increaseNYSC money, increase Minimum wage, ..

Dat money fit small for you because of the money we dey see here but e get people wey depend on Npower to survive.

You know say N-power be like the government employ citizens, in fact self, the government employ citizens, but this one na for 2 years to be employed. For a week payment, less than $16 too small if not to lie. For btt here self, we dey earn more than that, and for N-power, you go wake up, take bath, brush teeth and dress up to office given you to work by the government, this na waste of time for me. Although, me not doing it mean say other Naija go occupy the position which is better. And collecting that small salary na to show how poor Naija don turn too.

N-power money na still useless we feel see ham for another direction, although it is helping peoples life, Naija got to focus on creating industries and other companies that in a positive feedback manner will be able to employ more workers after progress. N-power na just a way to let youths think say the government dey try, not knowing the government dey destroy young generations future. N-power na wey many youths will remain dependent for ever, not that kind work we need, we need full time job from companies this government will create but they create little which is not even sufficient for 30% of Naija wey need employment, in fact most Naija are underemployed.

For Janathan time, no N-power, his time is far better than this present government which make people think they are helping. N-power should be discouraged, we need companies to be created, let them use N-power money great companies and then create job. Let them stop fooling us, is the country good? No. Since N-power has started the country has been failing since 2016, see how we have sank in GDP, Nigeria GDP for Jonathan time when N-power no dey is still higher than now.

Baba our people say half bread is better than curicuri  I know some people wey use this money take marry wife, dey use am feed children oo, e small but we dey failed system alredy so anything we see we dey take am, even if dem say the money na 15k millions go still apply.

Yeah na improvement scheme, 2 years is enough

If ur forefadas was poor 85% dey say dat person go poor if care is not taken, people wey get rich ancestors money still dey flow for the family.

Baba na to set up business sure pass ooo