I have been across newbie ranks with great intellectual exploitation in the forum like they have been here for long now. What is the secret behind their knowledge on considering the high level of their contributions in the forum? Does it mean they have the knowledges before joining the forum? Or are they bot accounts?
I am just curious as a beginner. Thank you all.
Well, just like what most forum users already said some newbies here knew about bitcoin before coming here so it makes things easier for them here and secondly if referring to newbies like a newly member who has not gotten bitcoin knowledge and after some few period of time you see them grow so fast, although it depends on how you can acquire this knowledge like I have always said if you desire to know more you’ll definitely make every possible effort to learn fast. |
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I never really get your point but be like you dey talk about airdrops and other crypto wey you fit win prize or giveaway because for anyone to fit hold bitcoin the person go get money first. Aside say we need to get money first other ways dey wey you fit own bitcoin clean and smart like when you get skill mostly technical skills you fit still render your service and your payment method for come as bitcoin that one be say na your skill you give out. Definitely na person wey dey idle dey always think negative things like causing harm or kidnapping as nothing fit come out but if them fit get the privilege to get knowledge and work bitcoin can still be an option as bitcoin investment na better investment.
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These boys na thief obviously because e no get how them wan start that work just one day without them practicing it. My idea be say them think say police no fit catch them or wetin because I no really understand. Just like wetin you talk a better knowledge about bitcoin sure wella and I try understand say the next guy no even sabi bitcoin like that and na bitcoin them come see to take run their dirty game. After watching the video I come read one comment about the father in question, for them to ask bitcoin them don know say the guy fit dey invest or trade in any form but definitely the guy get bitcoin so all this still dey come to keeping your bitcoin holding privately make nobody know, even pikin fit stab papa for back wetin be friends I believe say if na friend na express way just as we dey see different stealing case online about bitcoin. They’re other ways we fit acquire bitcoin for this society make we no allow quick money mindset or bad friends wey eye open reach ground influence our thought about bitcoin. Talking about comment section I never read go down because after watching videos like this e good make we read the mind of others but personally I believe say most people go still mention bitcoin when bitcoin no be the problem, them fit use fiat run this one sef nothing serious just that the boys in question think say bitcoin dey more private and na the mistake them make.
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I will suggest that if a person is merely buying anywhere between $10 per week/month and $100 per week/month is likely going to need way more than 10 years in order to get to a status of having had accumulated a sufficient amount of bitcoin. Perhaps such a person will need 20-30 years or more to really get to a decent place with his/her bitcoin stash.
For sure, each of us has differing expectations in regards to how much income that we might need to be able to live comfortably, whether we use bitcoin proceeds to completely replace any income that we have or to supplement income that we might have from other sources.
Bitcoin accumulation have to do with left over cash flow and at that not having sufficient steady monthly or weekly set aside founds let say $10 or even $20 which is way too much time to come up with a significant amount of bitcoin starsh, but then just as you said, sometimes we come across unexpected huge sum and if we are able to put all down on bitcoin it could cover up for a long period of time and a journey that surpose to take 10 years to 20 years could come much faster and easier. Yeah it all boils down to the point @JayJuanGee made that when a person or an investor is accumulating Bitcoin using $10 or $20 on weekly basis or even $100 monthly that the investor may not actually have a sufficient amount of Bitcoin within a little number of years but that however the investors will need to least give themselves 20 to 30 years before achieving a good amount of Bitcoin, and that's actually true because irrespective of how consistent people are on there Bitcoin accumulation using the normal DCA method they would need to give themselves more longer years to be able to have the sufficient amount of Bitcoin they need. However if perhaps on the process and you feel that you have more money to invest you could adjust your accumulation amount to facilitate it a bit. But in this case we also can't just fixate on the number at the end. It may be true that when we are and buy bitcoin for $10 or $20 for a week it will not be enough for us in the acquisition of bitcoin but if indeed we can only afford that price then it is not a problem as long as we consistently do it. It will be much more worth it than forcing to allocate more bitcoin purchases than that but instead make your economy shaken because you are too forced to be in bitcoin which in the end the DCA scheme that is done becomes chaotic in the end. It's not about sufficiency in the end, It is indeed possible to be in bitcoin for most people to be at a point where we have a large enough supply of bitcoin so that it is easy for us and enough for the future but that does not mean we also have to force to invest more than we can do and with a duration of time that is actually not profitable because after all the duration of investment must also be seen from our current age when indeed we are at an older age such as in a few years we have entered the retirement phase for example it will actually be a ridiculous decision if we force investment for a duration of 20 years or more so that for the duration of time we also have to look at our own conditions in the end. Bitcoin investment is not forcefully or rather the long term investment like 20-30 years is for a better profit at the end nothing else as related to forcing an investment like bitcoin because clearly seen bitcoin investment can’t work with such mindset. From my view investing $10 or $20 consistently can’t be an aggressive move because we can say an investor is forcing their accumulation by investing with a huge amount they can’t withstand during the long run but when an investor is comfortable with their accumulation gradually they’ll build a solid portfolio within the long run, well the reason why 20-30 years is okay for an investor who accumulate $10 every week is because they’ve not gotten something big within a short period so you can clearly see your accumulation process matters a lot. I agree when you mentioned about sufficiency but we can all agree the goal is making sure our investment is okay despite any obstacle. I love saying this words when it comes to bitcoin investment, a good plan always end with success meaning what ever you think will always be the end result, in summary if anyone has gotten to an old age I strongly believe such person have accumulated something good and profitable because surprisingly time flies fast except the person is coming newly. |
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I have seen different post about KYC casino and non KYC casino but, I don’t think some casino will function freely without knowing their customers later as time goes on, sometimes they’ll not want to require at first and secondly I came across a post here when casino later demand customer personal information after winning a huge money. From my opinion I don’t care as long as my personal information is hidden because most people do complain about casino revealing their personal details but, personally I have not experienced such and from my experience using both is not a problem you just have to focus on the service they render if you’re comfortable with the service. Talking about trust, gamblers in general should be careful because most of the KYC casinos are not trusted.
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The concepts or idea of the lump sum completely has nothing to be talked about in terms of buying the dip, the idea of the lump sum buying has to do with making purchase of Bitcoin with the huge sum that is readily available to be invested right away without considering whether the market condition is in dip or not.
Bro you are wrong here and you tend to sound like you are right. Lump sum still involves buying the dip, it depends on the investor whether he chooses to Lump sum at any time without minding the price of the market or he may choose to Lump sum during the dip. And it is true that the best time to Lump sum is during the dip and then DCA through any market interval. In my own opinion this is the right approach to follow an investment. If there are extra buck that comes in along our investment, we can choose to wait for the dip then and when it comes, we Lump sum as well. It is very problematic to confliate the terms of lump sum buying and buying on dips as both strategies has their unique functionalities with meaningful differences such that you can not refer any kind of buying the dip as a lump sum simply because you are buying with a larger amount of money more than your usual, the idea of the lump sum buying has to do with an investor decision in terms of investing a huge amount of money that is readily available for investment and decided to invest this money right away such that it has nothing to or necessarily connected with whether or not there is a dip but rather it has more to do with your personal decision, the lump sum strategy are unique on its own such that at some time it is use as an upfront or front loading investment strategy. I clearly understand Agbamoni point and it’s so simple if an investor can accumulate using the lump sum strategy during the dip, this is the time an investor can accumulate more according to their strength in order to build their portfolio faster, then after accumulating with huge amount the investor can continue using the dca. We can only say buying bitcoin has no time set like when people specify buying only the dip but we cannot say same for the lump sum strategy, from my view anyone can venture using their desired strategy but basically while accumulating bitcoin using the dca strategy now it’s also good an investor save some money so at the appropriate time the investor can use the money to accumulate more during the dip. |
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I can’t relate with this maybe because after winning I withdraw first before deciding if I should play back but after withdrawing my win I will play back under probability, simply means my decision after winning will be channelled to something else. From my view this issue is not so difficult compared to addiction, you just have to withdraw first after winning if this is okay with you because it seems like the only option left so you don’t gamble all over again. Definitely some people will ask why withdrawing the money if you’ll bet some other time because most people do deposit money in the site but gambling win is different from mere money , surprisingly if you should play some other time with a different money you might get lucky but if playing with same win it’s difficult.
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Yeah Liverpool only play in the Europa League because they finished in 5th place last season and that was their worst achievement in the previous 5 seasons, now Liverpool must start everything with a new method and strategy as you said the impact could be better or vice versa. Apart from that, several of Liverpool's mainstay players are heading towards retirement meaning this situation is really not easy and honestly I don't expect more from their performance with a new coach at least in the first season.
It wouldn't be an important problem for Liverpool if they started from the bottom again, Liverpool needs experience like this to form a new strategy that might give Liverpool victory in the next match. When many Liverpool players are about to retire, they will take advantage of the opportunity to buy new players at a young age. In this way, the strategy used by Liverpool will have the potential to put on a good show in the next match. I hope this plan goes smoothly as mentioned because if Liverpool should start all over again they’ll definitely find it difficult to meet up and sometimes the problem coming from old members doesn’t necessary mean all those players are involved, you might be surprised if just two or three old players don’t just want to follow the team but their own strategy. Definitely bringing new players can help matters more especially when the team is expecting a new coach, Arne Slot is not a bad choice the problem is if the players are willing to follow his pattern making every step and effort he put go smoothly, remember the coach and players must be in one mind before they can accomplish any goal. |
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Well, I will not judge if the millionaire is referring to naira or the economy in any bad manner as it’s alway advisable we store our money in any valuable investment and bitcoin happens to be one of the best so it’s obvious Nigerians should invest, concerning the economy aspect I don’t know if the millionaire in question had a detailed information as his only opinion is directly referring to personal benefit like owning an asset so we can be safe in times like this when our naira depreciate. I’m viewing this as an advice and a responsible advice, at the moment naira happened to be the basic talk including all news channel mostly social media, people make use of the internet and news stream so it’s obvious he heard the information from the internet. For me the economy is getting worse everyday and investing can help but, let’s assume if everyone have the finance to invest and hold bitcoin instead of fiat can they hold bitcoin in times like this? This is something we need to ask due to the poor economy currently, definitely anyone holding bitcoin will not feel the impact like others that’s why I find the advice special.
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You are right but I think that after the first two or three years buying with a regular strategy let's say DCA, an investor can also learn how to tweak to various buying strategies to enable him have broad know of the market and more experience of which buying strategy will be best for him at various accumulation stage.
For example, a new beginner can start with his DCA regularly weekly, and after two years that he have gained more confidence in bitcoin, he can start saving funds to buy at the dip or use part of his reserve funds to buy at the dip, mixing it with his regular ongoing DCA to give him a better advantage of buying more bitcoin to increase his portfolio fast. He can even front laid his bitcoin investment if the price is going higher. However, whatever method that you think will work for you is what you should use as long as you keep on increasing your bitcoin portfolio.
You are on point, but how about after a beginner has followed your suggestion for two years and then decides to sell at a very good price in order to buy the dip?. I think the beginner should be able to buy more this time around as their DCA must have accumulated a lot over those two years. What I mean is that this DCA approach is very good, especially for beginners, assuming it is done for two years. After the two years, the person can then sell at a very good price, combine all the saved up money with what they get from the sale, and then rebuy the dip. This strategy should work fine, but the only constraint might be the timing of when to sell high and when to buy the dip. The only mistake an investor could think of making while building their investment portfolio is when they try to track or time the dip as you mentioned. All this is not so necessary as you mentioned because it doesn’t give a good profit in return as a 4-10 years or beyond could give an investor, secondly I don’t think a 2 years investment can give a good profit as you mentioned but depends on the kind of investor we’re talking about. The whole idea about DCA is good and an investor can accumulate using DCA throughout their journey like when Frankolala mentioned about using another strategy after 2 years I basically think strategy should not be the problem because people now think of using different kinds of strategy even when it’s not right for example selling everything to accumulate during the dip can be classified as a bad strategy but people still go ahead all in the name of using a different strategy, use the perfect strategy that can work perfectly fine during the long run. In summary what I’m trying to say is when it’s time for the dip you buy and hold you don’t have to wait or sell everything and wait for another dip, just imagine starting another journey all over again and I don’t like the idea of starting afresh. |
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Today we see Bitcoin going over 70k, we have been on a sideway run from the start of March to now. We saw a new ATH $73794 on 14 Mar, and have also seen some dips along the way. Anyone care to state how close they got to the dips over this period?
(Bitstamp USD$ prices on the daily chart)
20 Mar $60,760
17 Apr $59,629
01 May $56,500
From my own DCA data, looking at the lowest cost price around/near/on those dates I got corn at these prices:
March $62,000
April $62,050
May $57,033
I didnt do any dip buying, but did triple my dca amounts from May. How did you all do dca or dip?
As always I went with my DCA, I'm not really a fan of buying the dip because I don't want to get into some emotional and psychological drama. I stick with DCA because it's something I have have gotten use to. Either way I still benefitted from the market dip. Unlike you I didn't double my DCA amount during those period. I didn't want something that will take me out of my original plans because I have already programmed my income how to spend them so I don't run into troubles. You know it's not just about going outside of your original plan when you never budgeted for it. But for those who already have this figured out before time just like you can go ahead and double their DCA amount when there is need, but for people who hasn't made any provision before hand, it's best to continue with what they are already used to in order not to get into trouble. I totally agree with you and I am also doing the DCA method of buying bitcoin. Maybe right now the amount is still relatively small but I'm sure one day it will be worth a lot. This method is very helpful for managing market risk by investing small amounts regularly. I believe bitcoin has a very good future, so I don't hesitate to use the DCA method. This method can help you have discipline because it ensures you are not too exposed when buying at high prices, while on the other hand it helps when the market recovers, because it has to buy when the market experiences a correction. By not depending on time, DCA can minimize the effect of market ups and downs on the portfolio because the average acquisition price will not be too high or too low. People who keep on missing bitcoin opportunities are probably not aware about DCA. Or they really are aware but the fear to take the risk is high because they have no substantial amount of knowledge in the first place. I have been fearing bitcoin investment way back then and so I end up procrastinating most often, but I realized I won’t achieve something if I keep doing the same thing and keep the same attitude. Thankful to have learned about DCA. That idea lessen my fear and started taking small steps in bitcoin investment. Now, from a humble beginning, I can say that I am hodling a little amount of bitcoin already. DCA is the key, and of course having a good mindset and a positive attitude towards bitcoin is also a great factor for success. This is quite impressive stating your bitcoin journey with a long term mindset, it’s best everyone invest according to their strength and income knowing how bitcoin investment work because it can’t work with a short term plan. It’s common now and here when people choose bitcoin investment the first valid point anyone can mention is a long term plan. The DCA strategy is common and mostly every investor identify with this strategy not just because DCA is perfect as people conclude but it allows an investor to settle every necessity before going ahead to buy. In summary an early journey need no hastiness even if the journey is kinda slow it doesn’t necessary matter as it’s good you also consider your reserve, emergency funds this stage. |
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Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after, the said coin drops in value, or someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time? If we talk about bitcoin then the steps we need to improve should be how to collect. Every market journey must have periods of ups and downs in price and that is normal, but bitcoin's power to recover has been tested so far. If you ask about the buying period then you should understand the market conditions even though most people make purchases when the price drops. Bitcoin can be bought at any time as long as you are a long-term holder and panic should be the basis for consideration so that you do not suffer losses when investing. Don't panic because even though bitcoin has experienced a sharp decline, there will always be a gradual recovery. Bitcoin's strength has been tested in any condition making it one of the best investments in crypto. Buy and hold, that's enough to see maximum profit when bitcoin experiences ATH and that's where the profit you will get. Exactly, there’s no perfect time set to accumulate bitcoin, accumulating bitcoin during the bearish season can be beneficiary no doubt but looking at the market we can’t really tell when will any of these event take place like the bull and bear market. Although according to past records people still follow as guide I don’t think it’s necessary waiting for a decline before accumulation so from my thought why not buy using any strategy and hold definitely it’s obvious when invested properly we’re expected to see profit at the due time not the selling quick and price drama. |
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Arsenal made the same mistake twice, hopefully they won't make the same mistake a third time and the third time they will definitely be able to take the result in their favour.
Repeated mistakes, even when they have a chance to stay away they also fail. If you remember when Man City also lost points from several matches, Arsenal was unable to maximize the match with a victory. Arsenal also lost points, the bad luck of Man City they were able to improve and continue to win in the rest of the competition. This makes Man City better. For today I read that there are 22 non-regular Arsenal players who will leave, it seems that the majority of these players are not senior players. Source: https://www.arsenal.com/news/22-players-depart-arsenal-end-contactsI still disagree even when people talk down at Arsenal, it’s obvious last season happened to be another great season for the gunners and the only aim was to win the title but it never happened as planned. Comparing both teams I don’t think it’s best to say Manchester City is better than Arsenal because we all saw how Arsenal planned last season. Arsenal performance last season looks more better compared to other season. The only problem I believe Arsenal is facing right now is lack of a striker as Arteta should make move singing a new player and we’ll see Jurrien Timber play consistence next season. Concerning the recent news I don’t think it will affect the team negatively but, I also read a news headline about Manchester City midfielder Kevin considering leaving the team and we all know Kevin is an amazing player also, so looking at the changes although Kevin has not made any move yet but considering all this I think Arsenal can still shine next season. https://www.theguardian.com/football/article/2024/jun/04/kevin-de-bruyne-may-consider-leaving-manchester-city-for-saudi-arabian-club |
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Aside the fact addition is associated to gambling, people now mistake gambling as something negative just because people failed to gamble properly. Whenever you hear a person talking about gambling games people intend to look as tho gambling is bad, I think op question is kinda easy of course everyone can tell how bad gambling addiction can affect a person’s life and career. Gambling addiction is difficult to handle and before having any thought of changing the lifestyle such person will find it so hard changing just because they either gamble with greediness or they earn from gambling daily so, I don’t think a real addict will change quickly as we think. Definitely they’re many ways an addict will change just by taking a break for a long vacation or doing something meaningful with free time.
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Indirectly we can conclude that in the end trading is no better and even very much more risky than investing so we don't need to think too much about trading because sooner or later you will also lose in trading so by seeing that switch to investing without having to look at trading.
In addition, it seems that the discussion of trading will not be too connected when juxtaposed with the previous discussion because from the beginning we always discuss about investment not trading.
I don't want to assume they are bad traders but indeed with your narrative we also actually need to realize that doing trading especially for those people who are new to bitcoin and just learning the investment system, it will indeed be misleading because in the end investing and trading are different things and cannot be put together in a discussion.
Holding is the most profitable form of investment in cryptocurrency, but not everyone can or should hold. Trading has its place in the cryptocurrency market and should be encouraged and supported. Exchanges rely on daily trading for market manipulation and understanding the psychology of demand and supply. If trading isn't your strength, focus on what you believe in and let traders do their work. Ultimately, at some point, we all will be trading our coins. Basically, Bitcoin is considered to be different from all other cryptocurrencies because of its different acceptance and potential for higher returns for investors. Whereas other crypto shitcoins are mostly hype. Of course shitcoin can expose you to a lot of risk so it should not be held for long. In terms of investing, the value of Bitcoin can fluctuate and fall to zero, but you should aim for a long-term depositing plan. By holding bitcoins you can keep your investment risk level relatively mitigated only for the long term. You can choose short term trading with your hard earned capital which is your freedom but I think long term tending to accumulate bitcoins can be a better plan. Suppose you buy bitcoins with your lump sum and decide to sell or withdraw during a relatively bearish period and a month or two later in an uptrend. Yes you can definitely make some profit with trading. But that Bitcoin may not bounce back to the downside in the bullish period which is again a long line in your case. But if you have a long term management plan of DCA or lump sum purchase then you can expect more multiples of profit. Holding. Of course you are right. Bitcoin is definitely different from all crypto currencies. But if we use Bitcoin properly we can definitely change our fortune by investing in Bitcoin. If we invest in Bitcoin in wrong place then surely we will not get much profit from that Bitcoin investment so we should be right. Time to use Bitcoin. There are many investors in Bitcoin who do not know much about investing who come to invest in Bitcoin they may not realize that they are too hasty and impatient to invest and risk losses. For him I would say before investing in Bitcoin he must gain enough knowledge about Bitcoin then he should invest in Bitcoin. I myself love to invest in bitcoin but bitcoin investment can definitely change our fortune if we can patiently invest with long term plan and check the market surely this bitcoin will help us to change our fortune very much. As you said sheet coin is more risky than bitcoin. Of course sheet coins are quite risky to invest in. So I will choose bitcoin over sheet coin or I will suggest someone else to choose bitcoin. I don’t think I understand why people compare trading and holding, although trading is different and with what you explained you’re actually referring to trade because trading needs a different strategy with all kind of risk involved, it’s more better to say people trade not knowing what trading is all about and end with loss not investing. Aside the trade drama we read a lot here despite knowing the fact this thread is not about trade, no investor will invest without knowing the basic knowledge and I believe one of the basic knowledge every newly investor will learn about bitcoin investment is a long term investment plan and secured portfolio, as there’s this saying no knowledge is wasted likewise bitcoin knowledge. When referring to the basic knowledge about bitcoin we must understand when acquiring this knowledge we must not take forever before we start buying bitcoin. I feel the need emphasizing on this issue when most people state that a newbie must gain enough knowledge before starting as it’s considered as being dull from my opinion, tracking bitcoin market is not necessary for a newbie and honestly speaking I personally don’t track bitcoin market as my view is channelled to accumulating and any newly investor should focus more on their accumulation process and holding bitcoin or rather tracking bitcoin market is common with traders not holders. |
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Rank- Full member
Segwit BTC address- bc1que8wtj7px2w5cddw50k7a5u3j52wz5t2kwdkat
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Why do casinos limit or ban a user when he or she is winning too much, but do not do the same when the user is losing too much as well?
from what I have read in the past, they do this to minimize losses. As for the gamblers who lose too much, casinos love them, they are the ones that keep the casino up and running. if I remember correctly if you are in a brick-and-mortar casino and you lose a lot of money, the casino would give you a kind of "cashback" as a token of appreciation for playing in their casino. They’re more of casino rules we don’t actually know until we get to experience one, concerning consistent winning with no losses I think it sound strange as I don’t know if any casino will willingly allow that without any restriction. I’m thinking if the user in question cheat because it’s impossible for any gambler winning endless or such user is just too lucky, casinos are meant to investigate first from my opinion before giving any restrictions or else giving a user restrictions without knowing if the user is involved in any cheating activity while gambling is not right, although casinos will definitely make their money regardless looking at the numbers of gamblers placing bet daily and not everyone will gain so they’ll still make their income. Creating another account by the user is so wrong because it shows how desperate the user is which is so wrong, personally I can’t act so desperate with any casino site so i fully support the ban for the user. |
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Diversifying one's investments is indeed an amazing strategy but just as you've rightly stated, filling one's bag with shitcoins isn't the best way to diversify, whoever tells you it is, is simply lying to you or is naive.
There are real life assets that also have long-term potentials just like bitcoin and you can consider those other options to diversify. Gold is an amazing option, it's been in the market, even long before bitcoin came into existence, and you can also consider it for its long-term potentials too just like bitcoin.
In China today, Silver is also a hot cake and quite a viable option for investment diversification.
There are so many of them to be considered.
Fuck gold and silver and the idea diversifying. Figure out your bitcoin plan first, and then maybe if you have accumulated a decent amount of bitcoin, then maybe at some point it might become justifiable to diversify, but talking about diversification into gold and/or silver makes it sound like you are pumping inferior products and trying to compare them to bitcoin when bitcoin is likely in the ballpark of 1000x better then each of them...so no need to discuss any particulars of them or to pump them, especially here in this thread when we are talking about bitcoin. I think you must've misunderstood my point... I'm not trying to say diversifying from Bitcoin to other assets like gold and silver is an option, let alone being a better option. No!
No!!
Noooo!!!All I'm trying to say is that, for those who have indeed accumulated a good number of Bitcoin and are considering diversification, rather than filling their bags with variety of shitcoins which are totally unsafe and highly risky, it would be a lot more preferable and justifiable to even consider investing on real life assets that guarantees the safety of one's finance, and have a good track record or longevity and long-term potentials, but that doesn't mean gold's potential could be compared to Bitcoin, because bitcoin has undoubtedly proven to be the most profitable and safest asset to invest in. I feel the reason why JJG reacted so is that you are too early in bitcoin accumulation to start thinking of diversifying into silver or Gold. Not actually that those listed diversification are so bad, but talking about diversification when you have not even accumulated much as expected and you are taking of diversification, it is a kind of situation that surely put you in confusion or even considering diversifying into things which should have be a second option rather bringing them up at an initial stage. What you should have been thinking right now is to accumulate more of bitcoin than talking about diversification. Though it is a reply to someone which you where advising, but sometimes advice we gave surely mean another thing in anticipation. What we advise is what we feel or what we are about to do so something it better we don't even have that though if not it will mislead us. About diversification, I wasn't considering diversifying my investment, at least not just yet. I know better than to start thinking about diversification at this stage of my Bitcoin accumulation. I was merely trying to make a point, which is that for people who have accumulated a good number of Bitcoins and are considering diversification, it'll be a lot more safer to consider investing in assets like Gold and Silver rather shitcoins. Even though you have completed accumulating the quantity of bitcoin you want to accumulate and you decide to diversify your investment, it shouldn't be on assets like gold or silver because it will take you time before you will be in profit from a gold or silver investment. You should diversify your investment in investments that can yield a profit early so that it will help you earn money that will give you extra hands in holding your bitcoin investment for the long term, such as selling commodities. Diversification is not something any investor should jump into so quickly seeing how most investment can’t yield profit secondly I don’t think it’s right giving any advice concerning Diversification on this thread as it’s talking about accumulating bitcoin. The real fact is basically about the asset at first but I believe before choosing any investment choice an investor must have gotten a balance portfolio in order for their investment to stand strongly, I don’t expect any newly investor to go for Diversification when there’s a long way to go with their accumulation. What most people don’t understand is the investment choice and their accumulation stage should be considered first before anyone should diversify. Concerning a long term or short term investment choice our choice should be personally as long as we’re making a right choice because we can’t go fully into bitcoin or any investor can still decide to invest only holding bitcoin but depends, and it must not be compulsory we choose something similar as a long term investment, just know the perfect investment choice when it comes to Diversification. |
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This is a pump and dump project, it's a scam project. I deleted the first thread and you created it again. I'm locking this thread. Stay away from it.
Edit. Unlocked
Deleting thread like this is not the best, some people may not know if token like this is not a good one and they may show interest to get the token because it is own by their favourite artist. I think it will be better for thread not to be deleted so that people can learn and see reasons why they shouldn't invest in project like this. I think you are absolutely right about this your post, just as you take talk am many people fit fall mugu for this kind thing base on say na celeb something and not just celeb one of the biggest in Naija. Just like waiting sir cryptopreneurBrainboss talk, to me if Davido go fit package the thing well e fit make Government change mind for waiting they been wan do concerning digital currency but if en no package the thing well e go give government more reason to execute their plans. IMO, make everybody dey careful even if e concern davido or government crypto no be play play something besides we no want crypto adoption to spread like this because I don dey see negative comments for twitter about the token and e no go funny if people don dey get the wrong view abt crypto. Davido go know say na scam project but go still do wetin dey he mind although no be new something as Ronaldo don advertise many scam project too so I go say this habit common for celeb wella. I no too dey reason naija government and their so called opinion even if davido package this token well as their concern na just to cheat regardless the masses choice. |
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But at this time there is to much crap being created and to many collections of just some dumb shit etc
Just too much of it especially for NFTs I've been thinking about what could be next highly priced items Maybe an Art of the first commercial transaction that made btc well known till today.... The Pizza BTC art could be made in a dynamic way In the future more painting and more artwork from Bitcoin will certainly come up and people will spend reasonable amount of money in just having it for themselves. The other day, kylian Mbappé spent a whooping sum of £520,000 for a painting of king pele of Brazil. https://www.getfootballnewsfrance.com/2024/kylian-mbappe-spends-e520000-on-a-painting-of-pele/As time goes on, people will always spend good amount of money for something they have passion for or can identify their passion with. You and I can actually put up a nice painting of Bitcoin logo that can be eye capturing with all the aesthetics, and we decide to auction it online for people to bid for it, don't be surprised we will see somebody that will be ready to spend a fortune just to get that piece of artwork in his house. It’s obvious people get attracted to what they love and want but I don’t see myself spending a huge amount buying what’s not valuable or what will not yield profit within a long period of time. Let’s just say wealthy people will buy without looking at the price tag or the value but we should not expect everyone to do same like buying a low value stuff with a huge amount of money. |
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