Low IQ season. btc meme and the rest
Naija Crypto Gist
@naija_crypto_gist
News about crypto 24/7
Naija Crypto Gist (English)
Are you passionate about cryptocurrency and want to stay updated with the latest news and trends in the crypto world? Look no further than 'Naija Crypto Gist'! This Telegram channel is your go-to source for all things crypto, providing you with news, insights, and updates around the clock. Naija Crypto Gist is a community of like-minded individuals who share a common interest in the world of digital currencies. Whether you are a seasoned investor or just starting out in the crypto space, this channel has something for everyone. From breaking news on Bitcoin and Ethereum to in-depth analysis of altcoins and blockchain technology, you will find it all here. The channel's team of expert contributors work tirelessly to bring you the most relevant and up-to-date information, ensuring that you are always in the know. With posts and discussions happening 24/7, you can rest assured that you won't miss a beat when it comes to the fast-paced world of cryptocurrency. Joining 'Naija Crypto Gist' is easy – simply search for '@naija_crypto_gist' on Telegram and hit that subscribe button. Once you're in, you'll have access to a wealth of valuable content that will help you make informed decisions in your crypto investments. So, who is 'Naija Crypto Gist'? We are a dedicated community of crypto enthusiasts who are committed to keeping you informed and engaged in the world of digital currencies. What is 'Naija Crypto Gist'? It is your one-stop shop for all things crypto, providing you with news and insights that will help you navigate the ever-evolving landscape of cryptocurrency. Don't miss out on the latest crypto news – join 'Naija Crypto Gist' today and stay ahead of the game!
Naija Crypto Gist
16 Aug, 11:53
https://fantasy.premierleague.com/leagues/auto-join/wx4iz0
you win something at the end of the season
you win something at the end of the season
Naija Crypto Gist
12 Jul, 12:25
Notcoin; There is No Second Best
Ever since the Telegram app Notcoin launched, we’ve seen a lot of copycats trying to replicate what Notcoin has achieved. I want to tell newbies to be very careful when farming these tokens so as not to waste their time.
Notcoin’s Connection to Telegram
Notcoin isn't just any game—it's indirectly backed by the TON (The Open Network) Foundation. This connection to Telegram is huge. ( being supported by Telegram is a big deal). With Telegram's resources and user base, Notcoin has the kind of support other apps can only dream of.
Notcoin is Very Original
In any industry, originality trumps everything. For example, Bitcoin is the first of its kind, and Ethereum is the first smart contract protocol. Notcoin is the first click-to-earn game, and it’s the first click-to-earn game on Telegram.
The same can be said about memes. When you look at memes like WIF, DOGE, and PEPE, many people know WIF as the number one meme on Solana, and very few people can point out the second-best meme on Solana. These other memes only increase the popularity of the original. The more people release Notcoin copycats, the more popular Notcoin becomes. Don’t get me wrong, I trade memes too. In fact, the best way to make money is by trading these unknown memes because they can give you multiples faster than the established ones. I avoid memes that are listed on exchanges. But projects that lack originality are ultimately going to zero. Yes, your Notcoin alternatives are going to zero.
Notcoin's Revenue Method
Many people don’t know this, but because Notcoin has close to 10 million users, advertisers often take advantage of this and advertise on the Notcoin app. Advertisers pay Notcoin, and Notcoin, in return, asks you to perform certain tasks, and you get Notcoin tokens. The tasks could be following a Twitter account or joining a Telegram channel, etc.
These greedy copycats are trying to do the exact same thing. First, they create hype and ask people to join their Telegram channel. Then they amass millions of users and sell your engagement to advertisers. Anybody can do this. I can simply create a Telegram mini-game app for a few hundred dollars, create a channel, and ask people to join. Many people, especially from third-world countries, will join. Once millions join, I simply sell their engagement to advertisers and make money. I collect money, ask you to perform tasks, and you farm imaginary coins in return (A.K.A kilobytes).
Who is Backing These Projects
Another thing you have to consider is who is behind these tokens. Take your time to research the founders and check if they have funding. You might be wasting your time if the project doesn’t have funding.
I could write a thesis on this, but here is my conclusion: I am not in any way telling you not to farm these tokens. They are low-hanging fruit and cost you next to nothing except your data and time. But to avoid burnout and discouragement, be very selective about the tokens you farm and do your own research.
Ever since the Telegram app Notcoin launched, we’ve seen a lot of copycats trying to replicate what Notcoin has achieved. I want to tell newbies to be very careful when farming these tokens so as not to waste their time.
Notcoin’s Connection to Telegram
Notcoin isn't just any game—it's indirectly backed by the TON (The Open Network) Foundation. This connection to Telegram is huge. ( being supported by Telegram is a big deal). With Telegram's resources and user base, Notcoin has the kind of support other apps can only dream of.
Notcoin is Very Original
In any industry, originality trumps everything. For example, Bitcoin is the first of its kind, and Ethereum is the first smart contract protocol. Notcoin is the first click-to-earn game, and it’s the first click-to-earn game on Telegram.
The same can be said about memes. When you look at memes like WIF, DOGE, and PEPE, many people know WIF as the number one meme on Solana, and very few people can point out the second-best meme on Solana. These other memes only increase the popularity of the original. The more people release Notcoin copycats, the more popular Notcoin becomes. Don’t get me wrong, I trade memes too. In fact, the best way to make money is by trading these unknown memes because they can give you multiples faster than the established ones. I avoid memes that are listed on exchanges. But projects that lack originality are ultimately going to zero. Yes, your Notcoin alternatives are going to zero.
Notcoin's Revenue Method
Many people don’t know this, but because Notcoin has close to 10 million users, advertisers often take advantage of this and advertise on the Notcoin app. Advertisers pay Notcoin, and Notcoin, in return, asks you to perform certain tasks, and you get Notcoin tokens. The tasks could be following a Twitter account or joining a Telegram channel, etc.
These greedy copycats are trying to do the exact same thing. First, they create hype and ask people to join their Telegram channel. Then they amass millions of users and sell your engagement to advertisers. Anybody can do this. I can simply create a Telegram mini-game app for a few hundred dollars, create a channel, and ask people to join. Many people, especially from third-world countries, will join. Once millions join, I simply sell their engagement to advertisers and make money. I collect money, ask you to perform tasks, and you farm imaginary coins in return (A.K.A kilobytes).
Who is Backing These Projects
Another thing you have to consider is who is behind these tokens. Take your time to research the founders and check if they have funding. You might be wasting your time if the project doesn’t have funding.
I could write a thesis on this, but here is my conclusion: I am not in any way telling you not to farm these tokens. They are low-hanging fruit and cost you next to nothing except your data and time. But to avoid burnout and discouragement, be very selective about the tokens you farm and do your own research.
Naija Crypto Gist
11 Jul, 12:34
*US JUNE CONSUMER PRICES FALL 0.1% M/M; EST. +0.1%
*US JUNE CONSUMER PRICES RISE 3% Y/Y; EST. +3.1%
*US JUNE CORE CPI RISES 0.1% M/M; EST. +0.2%
*US JUNE CORE CPI RISES 3.3% Y/Y; EST. +3.4%
good sign
*US JUNE CONSUMER PRICES RISE 3% Y/Y; EST. +3.1%
*US JUNE CORE CPI RISES 0.1% M/M; EST. +0.2%
*US JUNE CORE CPI RISES 3.3% Y/Y; EST. +3.4%
good sign
Naija Crypto Gist
10 Jul, 08:58
https://t.me/dogshouse_bot/join?startapp=Bp5l6lnsQNO7xwNQ0HEnXw
i think they give you free token base on how long you have been on telegram. check this out
i think they give you free token base on how long you have been on telegram. check this out
Naija Crypto Gist
09 Jul, 12:59
German Government Bitcoin Sales Trigger Market Decline
The German government's recent liquidation of Bitcoin seized from the illegal streaming site Movie2k.to has significantly impacted the cryptocurrency market. Authorities seized approximately 50,000 BTC, valued at about $3.25 billion, making it the largest Bitcoin confiscation in Germany's history. They have sold around 60% of this stash, causing Bitcoin's price to drop from $64,000 to as low as $53,000.
Market Impact and Details
According to Lookonchain's tweet, this aggressive selling strategy has contributed to the recent market downturn. German authorities have moved large amounts of Bitcoin to exchanges such as Coinbase, Kraken, and Bitstamp to facilitate these sales. The initial seizure and subsequent sales have been closely monitored by the crypto community, leading to speculation about further market impacts.
The German government's recent liquidation of Bitcoin seized from the illegal streaming site Movie2k.to has significantly impacted the cryptocurrency market. Authorities seized approximately 50,000 BTC, valued at about $3.25 billion, making it the largest Bitcoin confiscation in Germany's history. They have sold around 60% of this stash, causing Bitcoin's price to drop from $64,000 to as low as $53,000.
Market Impact and Details
According to Lookonchain's tweet, this aggressive selling strategy has contributed to the recent market downturn. German authorities have moved large amounts of Bitcoin to exchanges such as Coinbase, Kraken, and Bitstamp to facilitate these sales. The initial seizure and subsequent sales have been closely monitored by the crypto community, leading to speculation about further market impacts.
Naija Crypto Gist
08 Jul, 18:17
The Mt. Gox Hack: A Simple Explanation
The Mt. Gox hack is one of the most infamous events in Bitcoin's history. Understanding what happened is important, especially if you’re new to cryptocurrency.
Mt. Gox started as a platform for trading cards from a game called Magic: The Gathering. In 2010, it was turned into a Bitcoin exchange where people could buy and sell Bitcoin. By 2013, it was the biggest Bitcoin exchange in the world, handling most of the Bitcoin transactions at that time.
In early 2014, Mt. Gox announced that it had lost about 850,000 Bitcoins, worth around $450 million at the time. Before the hack, in late 2013, Bitcoin reached a peak price of around $1,150. After the hack was announced in early 2014, the price of Bitcoin dropped significantly, falling to about $400.
In March 2014, about 200,000 Bitcoins were found in an old digital wallet used by Mt. Gox. These recovered Bitcoins were put into a trust to be used in the bankruptcy proceedings. However, the majority of the stolen Bitcoins, around 650,000, have never been recovered. Efforts to track down and reclaim these lost Bitcoins continue, but most of them remain missing.
As of July 2024, Mt. Gox is about to start repaying users who lost their Bitcoins. Some users prefer to receive their compensation in Bitcoin, while others want cash. For those wanting cash, Mt. Gox will sell the Bitcoin to raise the funds. Users opting to receive Bitcoin will need to wait at least three months. With Bitcoin trading at $56,000 as of this writing, many users are seeing significant returns, potentially up to 50 times their initial investment.
The Mt. Gox hack is one of the most infamous events in Bitcoin's history. Understanding what happened is important, especially if you’re new to cryptocurrency.
Mt. Gox started as a platform for trading cards from a game called Magic: The Gathering. In 2010, it was turned into a Bitcoin exchange where people could buy and sell Bitcoin. By 2013, it was the biggest Bitcoin exchange in the world, handling most of the Bitcoin transactions at that time.
In early 2014, Mt. Gox announced that it had lost about 850,000 Bitcoins, worth around $450 million at the time. Before the hack, in late 2013, Bitcoin reached a peak price of around $1,150. After the hack was announced in early 2014, the price of Bitcoin dropped significantly, falling to about $400.
In March 2014, about 200,000 Bitcoins were found in an old digital wallet used by Mt. Gox. These recovered Bitcoins were put into a trust to be used in the bankruptcy proceedings. However, the majority of the stolen Bitcoins, around 650,000, have never been recovered. Efforts to track down and reclaim these lost Bitcoins continue, but most of them remain missing.
As of July 2024, Mt. Gox is about to start repaying users who lost their Bitcoins. Some users prefer to receive their compensation in Bitcoin, while others want cash. For those wanting cash, Mt. Gox will sell the Bitcoin to raise the funds. Users opting to receive Bitcoin will need to wait at least three months. With Bitcoin trading at $56,000 as of this writing, many users are seeing significant returns, potentially up to 50 times their initial investment.
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