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Bitcoin na wetin person fit use form generational wealth as na better asset and nothing dey bad to tell family members about valuable asset like bitcoin, even bank details like pin and other details you fit tell the information give your family but this thing na choice something. Every family dey different as some go say they no trust their family but giving such information out to family members no mean say na every family member you go share seed phrase or bitcoin information with. Like I talk before na who you want to inherit your asset and investment you go tell, for me I really support this idea make e be say the investment still continue and as bitcoin dey gain popularity and na still digital currency the future of bitcoin bright, nobody know where bitcoin go dey in the next 10 years time.
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I gave him 12 words of my bitcoin passphrase but shuffling.
I met this same guy. I gave him my house keys and car keys but shuffled. Now my TV is gone, and my car. You, sir, are an idiot. LMAO 🤣🤣 this comment is just killing me. I'm with you! I just can't believe that anyone would that stupid as to give out their passphrase, like who does that? By the way, I noticed that the OP just dropped a username of the supposed scammer. The Op story sounded like a made up story when i first read it and I knew there was a lie there. Now I know I was right with this ones you quoted for us to see. Anyone who behaves like what OP did can not be a smart person. How do you give your password or passphrase to a stranger and expect to be safe. Only an idiot can think that way. The story is fake asf and clearly you’ll definitely understand but, the op needed a rude reply since the op is just joking around with different accounts telling lies no one care about. It’s actually funny thinking someone could come up with such a childish story here or it’s obvious most people are so jobless and people write freely also, if op can share passphrase with a stranger what’s the point hiding the passphrase now lol. |
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I have seen alot of content on social media that help people to learn about a particular product that people may not be aware.
Although I'm against those campaigns where people promote their paid courses and ask people to pay them to learn a specific thing that can be learned without a cost from the internet these days, however, I agree that digital media has made promoting and advertising platforms, businesses, and services way easier than ancient times or times when there weren't such mediums available for companies and firms to promote their products and services. Nowadays, almost every single brand, firm, and company can be seen using digital advertising platforms to promote their products and services because they know that every single person these days, at least the majority, is available online and the companies can easily run targeted campaigns to promote their products to people who are interested in similar things to increase the conversion rate of their advertisement. Advertisers place their ads wherever people use them the most. Maybe this situation is very boring and leads to the advertisements we constantly encounter, but companies are obliged to do so. Companies have to promote themselves. Nowadays, they present the advertisements necessary to sell and market products to certain social media users. This also causes different products to reach many people. People looking for products can find products at many different prices, which is advantageous for consumers. The concept of digital marketing is beneficial for both parties, different apps and site nowadays showcase different kinds of ads like products and companies (loan, estate companies etc). Mostly when connected to the internet sometimes you just have to watch different advertise product, the use of online advertisement on social media is more common because from my experience social media is more populated but, how you speak and give attention to customers matters also because customers can be tough sometimes although marketers or company owners can still decide to pay as it’s common with influencers due to their large number of followers. Digital marketing is likely compulsory as it’s important for any business or product to make fast profit because it seems people who make use of digital tools make more profit compared to other business. |
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Those who believe that the current state of bitcoin is the only reason it is failing are presumably impatient investors or those who bought because they were afraid of missing the approaching bull run and tried to take advantage by investing immediately after the halving. They are upset that things didn't turn out as planned and that they were blind to the decline. Competent investors will not panic and begin to believe that bitcoin is failing, but rather will see this as a chance to keep buying the dip.
Those investors who are upset because of the current price of bitcoin are only in bitcoin investments for short-term profit, and they are upset because they cannot sell their bitcoin now to take their short-term profit. They are in this situation because they fail to understand that bitcoin is not quick to get rich soon. This is why it is good for newbies who want to start their bitcoin investment to have a long-term plan when they are investing in bitcoin so that they will take advantage of opportunities like this to accumulate more bitcoin at a low price rather than being worried. Basically, those who have a lot of experience in investing in Bitcoin are well aware that in order to invest in Bitcoin, we must invest with a long-term plan. However, those who are new or innovative in the field of investing in Bitcoin, do not understand Bitcoin very well, rush to invest in Bitcoin, and make a short-term investment plan. So I must say to those who are new to Bitcoin, we should always have a long-term plan in Bitcoin investment. If we can gain enough knowledge about the Bitcoin market and invest patiently, it will definitely help us achieve a lot of success in Bitcoin investment, which will help us to invest more in Bitcoin. Will make more interest. Patience is very important in investing in Bitcoin. Many times it is seen that many big investors lose patience, so if we can invest without losing patience, surely we can change our fortune through this investment. This bitcoin investment has changed many people's fortunes so if we can invest bitcoins properly then surely our fortunes can change. Gaining enough knowledge about bitcoin market as a beginner before starting bitcoin journey is not necessary as people think it’s a must, if a beginner should learn how the market move before investing I believe such investor want to venture into trade to track the market movement so when accumulating I believe the investor will be forced to track the market movement. Knowing about bitcoin market is not bad but I don’t think it’s so necessary for early investors meanwhile an early investor is expected to accumulate at the same time learn about bitcoin aside the market movement. Accumulating constantly whenever the money is available is important although bitcoin investment needs a long term plan so I will advice an investor to plan properly for example keeping every necessity including emergency funds before buying. |
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What is your most important crypto advice?
Please share here and also add a short comment why it is your most important crypto advice.
Whenever crypto is mentioned somewhere for example, social media, public places, occasions etc, I will always consider privacy as my priority. People usually fall victim to different scam method mainly because they had discussion in an open environment about bitcoin investment unknowingly. Security is also important, where and how an investor can store their coins and save their seed phrase, concerning bitcoin accumulation method, any one can start with any strategy depending on their income but, the dca strategy is most common where you can buy and hold monthly or weekly with any amount. Lastly not all crypto will be beneficial during the long run so while making any choice make it wisely. |
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Creating passwords especially different passwords for me sometimes dey hard sha, the way everything don dey now you’re required to set a password first before accessing any website or app and sometimes if you fail to remember the password na another Wahala. Some app need password every time before you fit use the app and the same time password na wetin scammers dey find, wetin I don observe na app or site dey usually give description how the password go dey for example numbers, Punctuation marks, lengthy characters etc, it’s left for you to follow instruction and save the password.
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Well for me I think one's salary and how much he or she invest on Bitcoin weekly or monthly using the DCA strategy plays a very important role when it comes to reaching a rate to be sustainable because if for example I'm investing on $10 or $20 weekly or monthly on Bitcoin and another is investing $100 to $200 weekly or monthly it will have different time for reaching a rate to be sustainable. ( My point of view).
Sure. The more you invest, then the faster you will be able to reach your levels, and so if a person is investing 10% of his income, then it is going to take 10 years to reach 1 years worth of income invested, yet if that same person is investing 25%, it is only going to take 4 years to reach 1 years worth of income invested, and surely you are making a good point that if a person retains reasonably low expenses, then he might be able to invest his whole level of his expenses in one year, which would likely end up causing the need for a lower amount of time to reach 10 years worth of income (expenses) being invested into bitcoin... so yeah, if the guy considers his level of expenses to be sustainable and even maybe to modestly go up and he can account for how his expenses will go up, then surely, he would be able to get to a point that he can start to withdraw bitcoin to cover his expenses and also to account for his stash maintaining its value sufficiently that his withdrawal rate is sustainable forever into the future. Yeah and I believe one with good and strong emergency, reserves and float funds and also a good pay as salary can be aggressive in his or her Bitcoin accumulation in other have more Bitcoin in a short number of years. And to be honest I'm planning on becoming aggressive in my accumulation I feel I need to do that so I can get more Bitcoin However I need to have a good back up funds before starting. You can build up your bitcoin and your various backup funds at the same time, so you likely need to temper your aggressiveness until you feel that your various back up funds are solid.. whether you are referring to emergency fund, reserve funds and/or float... and yeah, in the end, you can figure out your own level of aggressiveness according to your own situation, but if you end up fucking up and being overly aggressive and in need of the funds because you were investing too much into bitcoin, no one is going to save you from yourself.. .. so you are ultimately responsible for your own calculations and outcomes. Wow you are right I never thought of these in this way, well that's what am going to do i will remove a percentage from my salary and invest in my emergency, reserve and float funds same way I'm investing on my Bitcoin, I already have an emergency, reserve and float funds but they are not strong and that is what has been stopping me from being a little aggressive in my investment but with this your idea I will have a strong emergency, reserves and float funds. After making it strong the way I want it then I can be aggressive without any fear, without a strong back up funds you can be fucked when being aggressive on your investment. Emergency or reserve funds should be planned along side bitcoin investment, the reason why most investors complain about having a weak emergency funds is because they started saving their emergency funds late but it’s always good to realize the slightest mistake and fix everything right as there’s no limit set to accomplish the right goal when dealing with bitcoin investment. Well, I don’t know but personally I can’t measure the level of my aggressiveness with my backup funds as my backup funds has not gotten to my satisfied desire, I believe if any investor should rely on their backup funds when they’ve not saved something meaningful it will definitely affect the investment, knowing your capacity in terms of accumulating aggressively can help an investor to hold during the long run. |
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Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
10-20% in a day is actually surprising, knowing the actual purpose of bitcoin investment can prevent an investor from emotions and panic. Bitcoin price fluctuate so no investor will say bitcoin price can never dip, the dip is an opportunity to buy more if only an investor is not satisfied with their portfolio or else an investor can just hold for the long run. I believe every investor will definitely have their different opinion when it comes to accumulating bitcoin as most investors buy during the dip only and hold for the bull market so all this depends on the target and plan, I will always advice any newbie to continue dca strategy with a perfect plan to avoid emotions. |
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Signature updated, Thanks for accepting me
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Of course, there is no time Bitcoin continue to dip without retracing back. If so, there will be no volatility for traders to trade. The system was built in a way that even if there is a bearish pattern the price of Bitcoin will dip and rise a little and keep fluctuating like that.
These seasons comes with different strategies. We have bear and bull season and this have been an outrageous moment for everyone. Road to $100k for Bitcoin, it can seem possible and we know the standard formulation of the system. Bitcoin have dipped and we know the signals it have sent out to the public. Most traders already know their plans to comprehend the system, while some have struggled. I believe people who find it difficult understanding every single step bitcoin price make are not knowledgeable enough and they should avoid such field where they have to track and come up with different approach. Also sometimes all this sounds complicated because one can really focus more on investing if the trading is so difficult which I believe is difficult, most times they fail to understand about trade and everything associated with the market movement and end up with loss also sometimes even the traders with knowledge might sometimes not see profit due to the high risk and loss involve. |
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As the market dips in price, it is a good avenue for investors to buy additional bitcoin at a discount price. However, waiting for the dip to occur before buying bitcoin can make one miss good opportunities to buy through the DCA strategy.
Having said that, bitcoin investment at this time doesn't call for one to wait for the dip to happen before they buy, rather it calls for buying at any time when you have the spare money to invest just because the bull run is around the corner
Deciding to buy it when conditions are experiencing a downturn, of course this will make us profit when prices increase again, but we must be able to use funds that we can hold for a long period of time and don't let us not hold onto any money in the hope that it will If we can get quick profits, of course this will be detrimental to us when we decide to buy in large quantities and we cannot afford to hold on for a long period of time. You are right, we don't have to wait for a decline if we really want to collect Bitcoin and also we can't know very well when the price is really at its lowest and I agree with you that it would be better if we could buy whenever we have more funds and can hold in long period of time. If you want to take this step, you must divide your funds into two to three parts. One part is used for long term folding, second part you buy dip, and third part you keep for emergency fund. Because the more bitcoins you receive, the more benefits you will receive. Of course it should be invested for the long term, you may get more benefits in the short term and face losses later on. But be sure to watch yourself and buy more dips, so that you will be able to reap the maximum benefit when the bull market arrives later. You don’t have to divide your funds when it comes to accumulating using different strategies, from my opinion you just have to buy and plan your accumulation process. The planning simply means your monthly or weekly plan whereby you don’t have to wait ahead of time before you start using any amount to buy, talking about emergency funds I believe this is compulsory as it’s right for every investor to build an emergency fund while accumulating bitcoin. |
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UK payd off debt just few years ago and now they struggle.
More debt will make everybody working harder no debt makes society more lazy.
How? People choose debt when there’s no other option left and it’s not nice wanting such situation just for the society sake, when you mentioned debt make people work harder which I believe everyone can work hard towards achieving their goals without taking loan. Almost everything written is actually not real, how’s everything associated with debt done in your country? because here, a person must provide something important worth the amount you will receive so sometimes most people don’t even get qualified receiving a loan so I will advice everyone should work hard without seeking for a loan. |
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Na good update be this as everyday person dey learn new thing and na better lesson be this, I be don see one thread about google playstore and scammers for beginners and help board. Aside crypto scam sef scammers don dey creep into playstore with fake apps and different kinds of update no be today, make we dey sure wetin we dey download as our activities sef no safe mostly for google. Lastly wetin we give out sometimes fit come turn against us as na wetin concern scammers so them no even care, here na the link I dey talk about; https://bitcointalk.org/index.php?topic=5494158.0 |
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😂😂 That shows he actually knows what he did and that move he pulled lead so many naive people to achieve loss due to the fact that he is a big influencer and people don't actually think twice or reason properly before making hasty decision. Well about davido knowing the real worth of Bitcoin, am not surprised at all looking at how Bitcoin has become popular and active in the world and even Nigeria.
If wetin I read about that guy na true ehh, the werrey really obtained his followers o. I read him been buy that him coin low, then hype am wella until e pump so hard before him dump am on him followers come collect major. Na $SOL him been convert him money that time, maybe him go don dey reason $BTC now. E reach where the authorities even advance people to shine their eyes untop that $DAVIDO token before them go cry. Na now I dey see how the token dump reach self, and I pity the people wey believe say this one go give them lambo, they have left them behind. People wey never see say na Bitcoin be the main thing fit learn the hard way o, their mind go really dey sha. As for me, I don match break for Bitcoin and anything wey no be am, I no dey put money unless say na free I get am like airdrop. Aboutn this davido coins plenty story dey behind the matter wey we never hear and wetin surprise me na how fans keep quiet after the first day. E come belike if na another person project we go see am clear but after the incident when people complain just for that day matter don close. People wey buy na people wey choose to learn the hard way because bitcoin dey for them to buy na fav them dey put for front especially for money matter. |
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Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years...  Make your research and decision willingly, if I should mention bitcoin investment how can you invest without knowing what to do likewise gold. Questions like this is just too common here, if I should choose between gold and bitcoin I will definitely go for bitcoin investment, although gold is more stable compared with bitcoin but still doesn’t change the fact that bitcoin is a growing asset. Storing both assets can be difficult so an investor just have to determine which one is more easier according to their ability. |
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As for me it is not good to buy! buy!! buy!!! And sell! sell!! sell!!! And it is good to balance the equation by buying and hodling for the time goal you have set to sell. You can set a DCA method to buy and set a long term goal for the investment so that you know what you are doing. Many people came to this cryptocurrency investment business without any plan or goals and they are just investing when they have money and that is a wrong investment plan but at least let the person plan well and if possible have a particular year which will like to sell his coins.
Yes, the price is still high for investors to purchase Bitcoin from the market, because there is a hope that the price will definitely going to reduce more than this in the future and you can use that opportunity to purchase Bitcoin and apply long term holding to achieve income. Having a good plan in Bitcoin investment, I think is a favourable thing that will make you to make a good decision that will help you to maintain a good strategy that will add more income to your wallet when the bullish season appear in the market. Since the price of Bitcoin use to increase high every four years, I believe it will be a good strategy to hold like four years before you can think of releasing your Bitcoin to the market to make massive income. It is bad to keep waiting for the price of bitcoin to dip before buying. When the price of bitcoin was at 67k, some people were waiting for it to dip. It has dip to 64k, and you are saying that the price will still dip. New investors into bitcoin should not wait to the dip. This is going to be an opportunity for new investors that he might have been waiting for with his short capital. There are also many who are within the DCA who may increase their buying. Everyone should be inclined to buy on dips otherwise you will walk away from huge profits. You should definitely buy bitcoin from dips as it may be short term and soon turn bullish. Well, waiting for the dip is not right as accumulating should be a continuous process whenever the money is available. It seems you’re trying to say it’s a must but, sometimes I lack the money to accumulate more whenever bitcoin price decline so I just continue my normal dca strategy and build my portfolio gradually, most times I can still save up some money for buying like increasing my accumulation amount so it depends how I handle my money monthly secondly no one is missing out because if an investor lack the money at the moment I see no reason pressuring the urge to accumulate more as it might sound being over aggressive when there’s no fund. Only traders can time bitcoin in such manner like the last paragraph, if anyone should follow that move it simply means the person might hold for short period which is not advisable |
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The only people who's probably very happy with the current Bitcoin price movement are the DCA buyers and Buy the DIP bidders, because they are currently getting more units in Bitcoin for the same amount of fiat that they will be using/have available.
¯\_(ツ)_/¯
If in doubt, then always zoom out. Sit on your hands/don't panic.
It would have been more better the topic is lift the way it was, the dip was something that needs it's part in this topic because it brings forth a lot of strategy of Bitcoin accumulation it was through this thread a lot of people decided to use the different strategy they are using in there Bitcoin accumulation journey. The former topic was much better for newbies in this forum to locate a thread that can give them more knowledge about the strategy that will be good for them and I believe this thread is the best for that job but changing the name makes it now a one side discussion. My opinion. Initially, I supported Wind_FURY when he changed the name of this thread from buy the dip and hodl to buy bitcoin and hodl because it got to a point where some people were mostly concerned about buying the dip, even when they didn't have enough money to buy the dip, which could make some newbies think it is better to accumulate bitcoin in a dip. But as time went on, I noticed the conversation in this thread had reduced since the name of the thread was changed. The discussion of buying the dip contributed a lot to the growth of this thread and the knowledge that was shared in this thread. A lot of people have gained knowledge and know the strategy to apply in some situations to seize the opportunity if a dip happens. I agree with you that the name of this thread should be changed to buy the dip and hodl if it's possible. I feel you guys are reading much meaning into what doesn't matter, for those who has been engaging in this thread will have the basic knowledge on what the thread is talking about, we have been on the discussion about Bitcoin accumulation and we have induced some approaches like DCAing, Buying the Dip, when to lump sum and many more patterns. It's a general thread discussion all on how to accumulate Bitcoin easier, faster and more convenient, so using just one approach as the topic thread is not appropriate whereas other methods are still discussed in it. In everything we do, our primary goal for the thread is all about to Buy Bitcoin, and Hold. Bitcoin has a lot of strategy including all what you mentioned, I find it difficult understanding your actual point but it seems you’re trying to say the title should not be a problem or since bitcoin accumulation has a lot of approach changing the topic title is also not a problem but I disagree. Well, I have not been so active here in the thread but that’s not the problem or anything related with the topic. When I first found this thread, I started engaging in different kinds of discussion and what I learnt from here is far important than what any social bitcoin influencer will give online concerning bitcoin accumulation, meaning if we should start following each approach with different title always which is not right. The real fact is maintaining a better standard here with good context, for example Buy the Dip and hold doesn’t mean we’re referring to only buying the dip because they’re other strategies discussed here. My only problem is, it’s difficult understanding the replies with the topic title because I went through some comments and I found some title is different from the main title with different quote. Since the thread title (buy the dip and hold) has been for long it’s best the title remain same, there’s no actual need for argument tho. |
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I myself I don't really know most of the merit source, I see them same way I see other Forum members without knowing they hold a particular position but I wish one source would be in control in the gambling section.
This is the list of both old and New merit source + allocation power https://bitcointalk.org/index.php?action=merit;stats=sourcesWith that number of merit source in the Forum won't it be ok if 2 or one be assigned to the gambling board? I'm only concerned about this particular move, at least 1 who can as well act as the person to give members pass mark on their post, although we only have to say it but the only one who can make it work is Mr Theymos, if he doesn't then all we're saying are for nothing. Mr Theymos knows best and we can't tell a man how to run his home we only give advise and suggestions. Issues like this keep coming up and it’s either people complain about the gambling board lacking merit or sometimes people still criticize the merit system and merit distribution. Everyone will definitely have their likes and dislikes secondly my own way of choosing quality posts will be totally different from someone else choice that’s why most times few merit source can decide to ignore any board, from my observation it’s either most merit source don’t understand how gambling works so it’s difficult meriting any post in gambling discussion with zero experience but, reasons best known to oneself for making any decision so it’s best we respect their different decision. Here is just one merit application I found concerning the gambling board: https://bitcointalk.org/index.php?topic=5464289.0 |
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