Most times we are caught in between placing our bets on our favourite teams to win and not there present form, this action according to analysis shows that it's one of the reasons some persons don't win a sport bet, no matter how hard they try, a team that's not in form or getting the results shouldn't be on your sports betting slip, because they might continue the poor run of form and hurt your ticket, a friend once adviced me never to put my favourite team on my ticket, unless they are in form, am a Manchester United fan but most times I bet against them as long as my ticket is concerned I don't have a favourite team.
I agree with you that when it comes to betting, one should not bet because his favorite team is playing, when he knows that they are in a poor form, believing that they can win the game. That is a wrong bet, and this is where some gamblers go wrong, and they will bet on their team that is weak to win a strong team. This is why you need to be real by following up the teams current records and past results on head to head of the two teams involved, and the current form of the players and clubs, to avoid you from making a blind bet. |
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Woah, am very very surprised because I haven't heard of this before, this is my first time to hear or see such things, if not for this post I wouldn't have thought such things exist on exchange. @rachael9385, you did absolutely well to bring this to our notice. Anyway I was a little bit confused while reading this post but the pictures made me to understand the whole things you are saying, Hot_deal is the bad guy here, so we should take caution, especially those that uses kucoin sell coin. But is that even possible? The kucoin company should take note of this because I know truly well that it's not only this guy that's dealing on such a tricky ways to attract dealers to them.
I know of one vendor from binance and the guy is very interested on people that wants to sell big coins, so after everything the guy will want to negotiate with and if you agree to him, he will take some part of your money (depending on the type of negotiation). Thanks for telling us about this.
Those p2p vendors are always seen on top of the p2p traders list, because they increase their price higher than the rest just to decieve people who want to use their services. Kucoin is the worst because you cannot cancel the trade, but if it is on Binance, when you notice the change in price differ from what was on the merchant price, it is better to cancel the transaction and use a trusted p2p merchant with a real price with that of what he will buy from you. Always check the exchange rate and the price of what the merchant accepts to pay you before placing an order to avoid story that touches. I have seen it several times, but I haven't fallen for them, because each time I click on the merchant with highest price, they always cancel my order immediately. |
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I think it is still happening slowly. For those who invest in Bitcoin, I'm sure they don't care about the current price correction, hasn't it been proven for a long time that Bitcoin prices are always able to recover and even always soar higher. I see that the correction that is occurring is the impact of the recent halving and will increase drastically in the next few months. I am quite optimistic about this so there is not the slightest panic about what is happening now. On the slowly part, well Bitcoin has just dropped to around $57k. That’s to say, we really into the slow correction but, it’s not going to go below $50k speculatively after reviewing the chart. There was a support level around the $60k price make and once broken, the market seemed to be ready for a down trend and based on the data available, we had a consolidation market about $50k price mark around mid March and this point set the pace for a pump. I think that would act as support and would be maintained in any eventuality but, here we are with another point to take our buys as, the coin really is in its low right now for the most that depends on that for a buy. The price of bitcoin dipping shouldn't be our worries or concern because we are long term hodlers, and not willing to sell in the next bull run or too soon. This is why we should see the price dip as an advantage to buy bitcoin in a discount price in order for us to keep on accumulating, especially those of us that are in our accumulation phase. The moment I saw that bitcoin price dropped to 59k yesterday, I bought $100 worth of bitcoin. This is because I have been saving for the dip, just like what JJG use to advise on this thread. This will not stop me from my regular DCA which I do weekly. I still have more funds which I saved for the dip and I will be buying again by tomorrow, I just want to see the price difference before buying again, with my reserve funds for this, instead of buying all in once yesterday. Newbies and those who were crying that bitcoin price was expensive at 65k should use this opportunity to buy bitcoin, amd hodli for long. Tomorrow might be too late. |
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We watched a very enjoyable game tonight. Toni Kroos made a beautiful pass and Vinicius Jr. finished with a goal.
The game ended 2-2, this score is good for Real Madrid, the game will be played in Madrid next week and Real Madrid will most likely advance to the final.
It is a good result for Real Madrid because they will have the advantage of playing at home, and that will motivate them in order to win the second leg match. It is Bayern Munich that would be faced with pressure as they are playing away from home, and I don't think that it will possible For Bayern Munich to win that match and qualify to the finals. This is why Real Madrid have the upper hand of winning the second leg. Actually I was not expecting a draw from this match, and it means that Bayern Munich played the game with experience. |
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The extension shouldn't be limited within 10 years but also as a lifetime process, not just accumulating for 10 years only. The process is for us to look in a long run, DCAing, sticking to our investment plans also not over engaging the process but developing a system that makes you consistent in your accumulation phase. If we treat it this way, we won't get tired but keep investing in our digital gold.
Its not out of place to invest in a much longer time (more than 10 years). Actually you can invest for as much as you desire, but why the pointers are between 4 to10 years is for your investment to be profitable for you, so you don't buy when the price is higher and sell in the dip. That's surely a loss. With that time frame, you'd have seen good gains and can decide for yourself whether to continue, or take your gains and quit. Bitcoin is always there to welcome you whenever you choose to return to investing, just that your gains wouldn't be compared to the one who perseveres for a longer time, maybe up to twenty years or more. I'll advise that even after 10 years and you must've gotten your good profits, don't sell off, you can take of some part of your gains and invest into something worthwhile as a means of diversification, maybe agriculture or open a business that will continue catering for you so your investment remains untouched for another length of time and who knows, your investment can boom more than you expected and would provide you more funds to keep accumulating periodically. The goal is to keep increasing the portfolio for bigger and better profits. I will not diversify my bitcoin into another kind of business by selling it after 10 years, because like you said, for your bitcoin investment to reach 10 years timline, it means that you have been able to accumulate a significant amount of bitcoin, which you should just relax and continue buying with any strategy that you feel is comfortable for you. This is because that is when the compounding profit have a high capacity of generating higher profits for you than before. If you sell some parts and diversify into another new business. You will miss that compounding profit that would have been accumulating continuously overtime, which might help you reach your your fuck you status faster compared to when you sell part of it to diversify into another business. Another thing is that how are you sure that business will be able to give you profit within a short period of time that you started it. The business needs to monitored and during the early stage, it can take more money and more of your time to grow the business, and due to some inflationary problems a d government policies, the business might fail. Lastly, the profit that you will make from your new business is four years with stress and hard work might not be upto half of the profit that your bitcoin investment, that you continue holding without selling a dime after ten years will give you after an additional of four years. Currently, I think Bitcoin investment should be one of the best, if not be best to give you a better profit than any other investment. So these are what we consider before thinking of diversifying. I am not saying that to diversify into another investment that is not on the same line with bitcoin is bad. |
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There have been saying that before you win a game in gambling, you would have lost enough funds and that means you didn't win any new or extra money to yourself but the casino return part of your money which you have lost before to you.
Its only when we are more being focused on winning and earning through the money we see from gambling, we shouldn't for any reason think of gambling as a means of income, never should we grow with the mentality of the money we are using to gamble will one day be returned to us once we win a jackpot, this is a wrong mentality, we should be gambling for fun, forget about the money spent on it, the losses made or the potential future earnings we are having targets on, we may never realized recovering back our money, while we must have lost much more than expected except we clear our minds not to chase after loose. True, usually the scenario will be more often experienced by gamblers who have the intention and purpose to earn in gambling, as you said that they are too focused on winning so this mindset makes them overlook that in fact it is the amount of money they have lost before that is returned by the casino, but still in the end it is really difficult and rarely a gambler can come out with a recovery or even a profit, because after all as we know that the percentage of losses in gambling is much greater than wins. But the unfortunate fact is that most gamblers are too focused on winning that usually 10 defeats can be treated with one win even though the amount of winnings cannot cover the amount of loss from several defeats they have experienced before, I don't know the exact reason but certainly when we are too focused on winning then when we win instead of cashing out the winnings as an amount to restore something that has been lost before but they instead continue because they feel that it is an opportunity that must be utilized which ultimately ends in disappointment. Only if gamblers can understand that it is impossible for them to win back what they have lost to the casino, that is why they will stop chasing their losses, and they will be satisfied with their little win, in order for them to cash it out, and enjoy their wins by going out to have fun or buy something that they will use to remember that they won some money in gambling. But the greed and lack of contentment makes them not to be satisfied with little wins, and will continue playing to see if they can win more, and loss it all. |
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Here, Valencia actually gave a game that wasn't that bad in the first half. They were even able to lead with a score of 1-2 in the first half. But one mistake put them at a disadvantage in the second half because they had to fight by relying on 10 players to face Barcelona who became increasingly aggressive in the second half. And clearly this is something that benefits Barcelona in the second half. So Barcelona scoring 3 goals in the second half is a very normal thing. Maybe if the opponent was not Barcelona but another weak team then maybe Valencia could have maintained their lead. But because the opponent is Barcelona, only fighting with 10 players is clearly a very fatal disadvantage.
But I think playing with 10 players and having your main goalkeeper get a red card is a nightmare for any team. You play with 10 players and you have a bad final defense because he is the second goalkeeper. I think even if Valencia plays another team that is not from the relegation zone then Valencia will find it difficult to win the game. I don't underestimate the second goalkeeper but with a 2-1 lead I thought the game would end in a draw. I think the opposing coach will try to increase the number of speculative kick attempts. Barcelona managed to beat 10 Valencia players. Through Robert Lewandowski's hat trick and Fermin Lopez's goal, Los Cules won 4-2. Disaster struck for Valencia when their goalkeeper Mamardashvili received a red card in the fourth minute of injury time, for touching the ball outside the penalty box. Barcelona took advantage of the superior number of players to attack Valencia's defense in the second half. And this strategy was successful because in the second half Barcelona managed to add two goals scored by Robert Lewandowski and managed to emerge as winners with a final score of 4 - 2. I can conclude that Valencia's defeat was due to a lack of players and Barcelona's aggressive attacks in the second half. It was a lucky game and victorious game for Barca. Valencia goalkeeper was the cause of their defeat for intentionally touching the ball outside his 18 yard box. Assuming that red card was not given, it would have been a very difficult match for Barca. This is because Valencia was already on the lead before the red card. It is good to see Lewandowski was able to score hat trick, is it that he is back to his scoring form. |
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either by saying your post doesn't belong here and there.
I don't see this as an attack, but a correction on which board your post belongs to, so that you can learn and know the right board to post your topic next time. So, Yes they are new people I know they are and (you that is reading this post were once a newbie) and as then you didn't know it all right? Even if one happens to go check your post history there would be lot lapse and mistake on your profile which would contain lot of shit-post and you started from a step before what so called rank you have achieved currently that is ringing your f**king brain as if you are superior to everyone. My dear you gat f**k down your anus and give people space to understand forum gradually with the way they think is best for them, correct people but no attack if you are attacking then what true messages are you passing after knowing the true vision bitcoin and it's representatives.
Since you are in a public forum, you should try and have a thick skin so that you don't get hurt easily. Correct without hate words, learn without getting offense and speak with love. By so doing everyone would be welcomed to the community!
You are right on this, but at the same time you should know that, this forum have people from different countries, different family backgrounds and different upbringing. This makes it to have people with different characters and manners of approach to same topic or issue. Also sometimes, what the poster said and his word i.e their expression can still be misunderstood thinking that he is attacking the newbie of which the poster did not mean it like that. As a matter of fact, it is not only newbies that are being attacked, even high ranking members are also attacked when they say something wrong. We are here to learn, share ideas and information so that should be the main focus. Your title should be 'does it mean that newbies can't breath anymore' and not the poor because your thread is talking about newbies, and some newbies are rich, it is not compulsory to be in a signature campaign before you think that person is rich. |
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United Arab Emirates leads the Middle East in crypto adoption, with 72% of local users investing in Bitcoin
Not only in the middle east, but all over the world. Bitcoin is gaining firm everyday by day and the rate of adoption is also increasing directly proportion to its popularity. If you look at it, from the last circle, you will notice that a lot of new investors have come into the crypto space, because bitcoin have proven to us that it is an asset worth investing in. The approval of bitcoin ETF by the US, has also brought more attention on bitcoin, because most countries copy from whatever the US does. UAE is a central of tourism, so bitcoin should be highly adopted there, because business people comes from different part of the world to do business and tour in Dubai, if they don't accept bitcoin, they will loose more. |
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What a clutch goal from Roma right ? Last minute of the game scoring a mega important goal that keeps that in that UCL race and on the same time we can fairly say that Napoli no longer have chances for European spots and it's a shame to see this team going from last year champions to barely being able to win games but also they barely scored this year.
Yeah and Tammy Abraham scored that goal. There hasn't been much time since he returned from a serious injury but he saved his team an important point.  Now the Serie A has one more team to send to the Champions League so Roma had better not waste this huge opportunity. They are still under danger. Atalanta are 2 points behind with an absent game to play also. It looks like the Atalanta - Roma game on on May 12th will be the decider for 5th finishing team. It is really critical for De Rossi. If he carries Roma to the Champions League I think the board might want to sign a new contract with him. Four teams will go to the champions league next season which are Inter Milan, Juventus and Bologna. This makes it impossible for Roma to be part of the Champions league next season. Roma will play in Europa fain next season, I just hope that they don't allow Atalanta to come from behind and take over the 4th position from them. I hope they will do better next season. |
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I mean you could put this same scenario in many different circumstances and they end up turning out to being a “source of violence “ or “domestic violence”. So I wouldn’t say it’s something that is directly correlated but it certainly could lead to it, but so could a lot of other things. Just don’t be a gambling junky and control yourself and all will be fine, no?
We are able to speak like this when we are already in a phase where we are able to control ourselves or in a state of mind and heart calm, not easily provoked and we walk according to the flow of what we have set before, but most gamblers the fact they follow what is in their hearts or their ambitions that make the brain does not work properly to digest everything actions that are more dominant in controlled by ambition or lust. They need time to learn not to be compulsive and impulsive so that addiction does not occur in us sir, unfortunately many people do not pay attention to this and play more randomly without thinking about anything so that they end up becoming an addict, and it will bring side effects that make our emotions bad and hurt people around or make ourselves become someone who commits other violence because of uncontrollable emotions. This is why it is good that gamblers should only see gamble as a means of fun, and not to make profit in order for them to take all from of precautions to gamble responsible. Using small amount of money to gamble is the best solution to avoid one to be affected by his emotions. When you are affected y your emotions that can make the gambler do all sort of crazy things to enable him chase his losses. Chasing of losses can lead to frustration because you cannot win back your loss, and that might make the gambler to be violent. Gamble responsible and there will be no means of violence. |
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I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
It sounds like you are going to have fun staying poor. I hope not. But we'll see. I can't claim making millions, but I do see profit with my strategy. Fuck your strategy. It is off-topic. Don't you even realize that? Maybe what I was trying to do was provide a cursory response to your post in order that I should not have to state the obvious, which is we are not talking about trading in this thread.. .. do you see anything about selling in the OP or in the title? Sure, there are likely quite a few posts that we incidentally talk about various places in which selling might apply, but that's not the thrust of the contents of the overwhelming majority of posts in this thread, which has to do with various ways to accumulate bitcoin through buying and/or holding, and even if we might want to consider your proposition in a liberal way, in which you are trying to suggest that you (and/or anyone else) can get more bitcoin by selling and then buying back cheaper, then maybe at least you might be struggling to stay within the parameter of the topic, but still that is not even a very convincing way to accumulate BTC. And, by the way, we also seem to argue quite a bit about the idea of accumulating BTC by buying on dips, and personally, I believe buying in dips is a supplemental strategy, especially when it comes to newbies, no coiners and/or low coiners, and the overwhelming majority of the world fits into the nocoiner/low coiner status (which means they hardly even have enough bitcoin), which likely includes you. You are brand new to the forum, and unless you are going to tell me and or any other member here that you have been accumulating BTC for 4 or more years or you frontloaded your BTC investment, otherwise, you are likely low on BTC, and the best way to resolve that problem is to establish a practice of regularly, persistently and consistently acquiring BTC, and you would not likely be able to accomplish those kinds of BTC accumulation goals through selling BTC.. You accomplish BTC accumulation through employing various forms of buying that largely fits into the three categories of DCA, lump sum and buying on dips (which may or may not include front-loading) depending upon your own financial circumstances. Of course when I say DIP, I am using rule. Not blindly using feeling. I am using tools like Motivewave to find ideal local low or local high. Learning reading footprint chart, imbalance and point of control. With the tool I can see what is inside the candle and how aggressive the market that I bet. Yes, I am newbie and I wish to keep it that way. I don't mind seeing it etched in my tombstone.
If you believe that there might be some value in terms of employing your various tools in terms of buying on the dip, then surely members might be want to try to learn about some of that or at least it would be somewhat relevant even though many of us consider buying on dips to be a supplemental strategy to something like DCA or lump sum investing. Yet your earlier post was referring to selling, so largely you are seem to be approaching the whole bitcoin matter from a trading rather than an investing approach, even if you might be wanting to label yourself as some kind of a sophisticated investor to the extent that you are even in the right thread to be presenting your trading and/or gambling strategies while perhaps striving to have them considered as if they were some kind of a reasonable form of investing, which they likely are not anyhow, even if you might want to believe that whatever buying on the dip strategies you believe are learnable by normies.. as compared with normies who largely just employ DCA strategies are going to beat the pants off of the overwhelming majority of traders, especially if we start to look at BTC portfolio value performances over longer periods such as 4-10 years or longer. Ok bos You are new here and I believe that you don't understand how bitcoin investment works. Listen to what JJG is telling you, as he is well experienced in bitcoin investment and he is also a strong hodler for a very long time. His ideas and knowledge was what helped me to reach the level that my bitcoin investment portfolio is, without stress. I explained to you in my last post the reason why your strategy is dumb. We are here to learn and share knowledge, and not to claim that we know it all, whereas we don't. You might think that you have the best strategy because you have not talked to experts in the field. Being open to learn from others is the best. Try using DCA strategy to accumulate and hodli for long term, and see if you will not give testimony of your bitcoin journey. However, if you think that it is not cool with you, you can do whatever you like with your funds, but don't start crying later when it did not work for you. |
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Arsenal's performance in the first half of the derby match was very impressive, but they were not very entertaining in the second half. Tottenham almost secured 1 point in the home game and prevented Arsenal from winning the match, but unfortunately that never happened.
Tottenham conceded so much goals in the first half of the match which really affected them, Tottenham performance wasn’t really bad in the second half of the match, their poor performance in the first half of the match cost them to lose today. The second half of the match wasn’t really a easy one for Arsenal, but at least they were able to get 3 points in the match, all what Arsenal fans should be praying for is Manchester City to lose point, and Arsenal should also try to win all the matches they are having left to be played. The first half of the match was in favor of Arsenal and they were able to take advantage of that moment. Tottenham was unable to put themselves into the game in the first half as they played very poor which made it impossible for them to dominate the match just like they did in the second half. The second half was a good one for them, and they were able to score two goals but it was too late for them to find an equalizer before the match came to an end. Arsenal got all three points and it is a good result for them, because they need to just keep on winning their match waiting for City to drop point. |
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I think better strategy would be Buy the DIP, sell at local high, open short, HODL and sell at local low. Rinse and repeat. Indefinitely. Yes, it is easier said than done. But for me, it is easier after around 6 months of watch, learn, and execute.
That is not a good strategy, and mind you we are not talking about selling but how can a new investor buy bitcoin and the strategy which he can use to make sure that he keeps on buying and at the same time keep on hodli for a long period of time. Investing in bitcoin is for the future and not to sell in a year or two, because it is the same thing as trading. The best way is to assign an amount based on your own discretionary income after setting aside your emergency funds, reserve funds and float. You use that amount to buy bitcoin regularly either weekly or monthly, and make sure not to skip any week or month so that you can gradually grow your bitcoin investment portfolio. Let's say you do this consistently for 4 years and above. Buying and selling to buy back not ideal, because you might end up running at loss after selling, you might not be able to buy back if bitcoin price keeps pumping, which make it not a wise idea. Slow and steady win the race. No need to watch the market before buying, as that is not important when buying using DCA strategy. Knowing very well that BTC is just abit glorious than football bettings...
Why will you compare bitcoin to fucking football betting. It means that you don't have any idea of bitcoin. Bitcoin should be compared with other assets like gold, and real estate. Which have being in existence for a long period of time and business tycoons have understood that they appreciate overtime. Bitcoin is even better than those two that I mentioned because of her high volatile nature, and high demand for it. |
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When a person is eighteen years old or more than eighteen years old are free to gamble if the person has money to gamble and there is no restriction on gambling from their country. As many countries are restricted to gambling the people in this country can't gamble though they are 18 or more than 18 years old.
Do you mean gambling is totally banned in the country you are from? Even if you are off-age, you won't still be allowed to gamble in any of the online casinos. If yes, does that mean you guys don't have a single casino or gambling shop in the entire country? As long as you have the money to gamble with and are up to the required age (18), you are free to gamble as long as you don't steal the money and you don't gamble in an unlicensed place like the side WHOT game. Gambling is usually carried out by groups of violent people most of the time. In a situation where gambling is prohibited in a country, the best thing is to avoid gambling in public where people will notice that you are gambling. This is what I do then I was 17yrs, I and my friends started gambling early, so we always gamble in secrets with poker and dice. We gamble in a way that someone who is a neutral person holds the funds that we use to bet, and after the bet is over. The person acting as an escrow will be rewarded with a little amount from the winner. |
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Bayer Leverkusen set a record in the Bundesliga as they went undefeated this season to win the title. But this record of theirs is not so easy because there are 38 matches in a season. In these thirty-eight matches, the big team, the small team, their own home field, the home field of other teams have to go through many challenges, but losing in some matches is a very normal thing. Although this is normal, Bayer Leverkusen has not lost any match in the Bundesliga, it must be said that it is a great team achievement.
They played really well in the Bundesliga, and I wouldn't be surprised if they also become champions in the Europa League. I think they are superior to Rome anyway. On one side there is Germany's undefeated best team, and on the other side there is the 5th ranked team in Serie A. Even just looking at such statistics, it is possible to say that Rome will lose in this match. Of course, you may have to be a little lucky in European matches, maybe they will play very well against Leverkusen Bayer Leverkusen is a great team that is doing well every where, in Bundesliga they are considered as the best team in the league no doubt about that and in the Europa League they are seeing as one of the best team that is fit of winning the league. I really want Bayer Leverkusen to win the Bundesliga and europa league because they deserves it . If Roma and Bayer Leverkusen should meet in the finals I don't think Roma will be able to defeat Bayer Leverkusen because even in the Italian league Roma is not even in the top four best team for thus season but you can see that of Bayer Leverkusen doing well in Bundesliga, even in europa league Bayer Leverkusen has performed better in their games. Leverkusen have proved to the the strongest club currently in Bundlesliga with their superb performance and unbeaten record since the beginning of this year. No one expected all these victories from them this season. This is why I think that they are the favorite to win the semifinals. Roma have been in a good performance since the arrival of De Rossi and there is no doubt that Roma is performing better now compare to when Mourinho was in charge. Perhaps, if Roma does not take their semifinal match wit all seriousness, for sure they will not qualify to the finals. |
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But how about you and your wife to gamble together if you have the time so that you can know when to stop by encouraging yourselves and telling yourselves the amount of money that is small that you should use to gamble. I noticed some people on this forum always say something like they are hiding their gambling activities from their partners but not everyone. If it is done wisely and responsibly, a woman can easily be convinced. But some people can be afraid of their wife not to get addicted also.
It is not all women that will like to try gambling to see if they will enjoy the fun, and also some women can get very mad at you when you just mention the word gamble. This is because, they feel it is something bad and for irresponsible people because they have seen people that gambled irresponsible and got frustrated with addiction. I refer to keep my gambling activities secret from my wife, so that I can continue to enjoy gambling or else, I might not be able to gamble whenever I feel like gambling. I have said some lies just to cover up for gambling. |
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I'm only familiar with "fooled by randomness," which refers to gamblers who often chase their losses, which only increase their losses in the end because they think they can recover what
they lost in gambling. This is my only understanding of this book.
And it's also focused most of the time on a gambler losing, and besides that, it's not focused on how a gambler can win but rather more on risk management, as I understand it.
In short, it doesn't give strategy or a trick of winning in gambling to the gamblers most often.
Of course, there is no book that will tell you any gamble strategy on making profit, because it is not possible to make profit in gamble, but only luck can give your profit. This is why you can only be taught on how to limit your losses, which I think is the best when gambling. This was why Nassim in "fooled by randomness" talks more about risk management in gambling. Whoever cannot control and limit his losses will continue chasing his loss, and losing more. |
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When it comes to bitcoin investment, we should not invest all of our money in it so that we will always be able to solve our financial needs when they arise.
This discussion has been treated more than ones here, so I believe every investors or a beginner should be able to understand the concept that keeps their investment healthy and running however I believe this is one of the reasons why at @JayJuanGee introduce the method and the reason why an investor should have an emergency funds and also a reserve funds was actually because of a situation like this so that with a proper utilization of it an investors could hardly run into a problem no matter how it may be, however just like you said is not an investment wise to put in everything you have on investment because with the lack emergency funds or reserve funds their is a big chance of getting into trouble on the process. I think you need to follow some small rules for investing. If you rush to invest when you don't, you will face big losses. We need to know some good rules for investing and what are they. Apply and invest. We should invest only as much as we will not face any problem and after investing we can live happily and peacefully with our family. There are some people who think of investing with money loan. If they face loss after investing, then I prepare to invest thoughtfully when I think about how they will repay the loan and how they will manage the family. If we want to do good all the time, we must have a good interest in investing. Investing in bitcoin is not like a physical business, that you can take loan for in order to make profit after some years and pay back the loan. That cannot work on bitcoin investment because bitcoin is volatile, and the only way you can make profit in bitcoin with rest of mind and peace, is when you invest and hodli for a long time. Taking loan to invest in bitcoin is from fry pan to fire, because when your loan is due, you must pay up or else you will be arrested or given additional years, depending on you and the loan giver understanding and agreement, but you will also service the loan or the percentage will increase. If bitcoin is in the bear market or anytime bitcoin price dips, you might have high blood pressure, and your health will be at stake. In fact, so many disadvantages that I didn't even mentioned on taking loan to invest in bitcoin. Bitcoin investment is done for the future, because that is when bitcoin will have shown itself to the whole world that she is King of wealth, and a lot of investors that bought earlier and now, that were able to build and grow their bitcoin stash without selling will benefit a lot. This is why if you don't have your discretionary income, there is no need to invest in bitcoin. This is because it is better that you use your own money that you have assigned to buy bitcoin weekly or monthly regularly using DCA strategy, so that you can start building up your bitcoin investment portfolio gradually nonstop for a long period of time. You will be investing with ease and without tension, as long as you have your emergency funds, reserve funds and floats to take care of whatever expenses. If you don't have money, you need to get something doing to give you income, and if your income is small that you do not have any discretionary income after taking care of important needs. You should find a second means of income, so that you can have a discretionary income to invest in bitcoin using DCA method which allows you to buy bitcoin at any price level. Regular buying is very important. |
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To me, I think the essence of all this which I think is best, is don't do more than yourself, invest with what you can do away with for a very long period of time, that's why the DCA accumulating strategy is the best because you will be accumulating Bitcoin through the DCA method either weekly or monthly according to your financial strength, and as long as you have a source of income to be funding the DCA accumulating strategy either weekly or monthly you wouldn't be compelled in tempering with your investment just because of some financial needs.
But if you are doing more than yourself, by investing more money, and part of the money that would have cover up for your well-being, at some point, when having a serious financial needs, and your emergency funds are not enough, you will be force to temper with your investment, before you know it, that will be the beginning of the end for that investment, because that will be how you will be eating it bit by bit till it runs out, so it's very important to invest according to your level or I say it like don't do more than yourself, just cut your coat according to your size when DCAing , then you are good to go.
Everyone needs to tailor his investment accordingly to his financial status and also the amount that would be comfort with, two persons might be earning equal amount and having equal financial stability but would be comfortable with different allocation, Mr A might be okay with an aggressive 25% weekly and Mr B might be okay with 10% weekly despite been at same level with Mr A and this might be due to each of them having different risk tolerance relating to investing in bitcoin or having all their value in only one asset. You made a very good and interesting point but I want to point out one aspect of your statement that does not quite sit well with me. That is the aspect of using "risk tolerance" as a factor for investment. In the example you gave, it should not be ability to bear risk that should determine what percentage each of them will allocate to Bitcoin, rather it should be dependent on their individual needs. Using risk appetite as basis for determining the amount to allocate to Bitcoin might seem like Bitcoin is all about risk, a way of amplifying the risk of Bitcoin. So, needs is a better factor to consider and for this case, Mr A might have needs that requires up to 50% of his income while Mr B might have needs that requires just 30% of his income. Under these two scenarios, Mr B will have more leverage to allocate higher amount into Bitcoin than Mr A. Meanwhile, when I said needs, I am referring to basic needs and any other thing of importance that cannot wait. These are the factors that can force an investor to sell his Bitcoin. Besides these needs, the other major consideration should be emergency funds which covers unforeseen circumstances. Those are mere hypothetical to explain the mental situation of two different persons with equal needs and every other necessities in place. Mr A feels comfortable and okay with an aggressive 25% allocation to bitcoin and that doesn't seem to bother him or give him a sence of over allocation to bitcoin whereas Mr B feels okay with his 10% whimpy investment despite knowing he could allocate more to bitcoin. Another thing might be that Mr A and Mr B responsibilities are not the same, and Mr B have a high responsibility than Mr A which will make Mr B not to be able to invest 25% because that is more than his discretionary income. Another reason that is that Mr A might have a strong faith in bitcoin a d chose to buy aggressively using DCA method because he feels that this is the best opportunity for him to invest aggressively and increase his bitcoin faster. On the other hand Mr B might not have not have strong believe in bitcoin just like Mr A, and decided to invest only 10% of his income using DCA until he builds his believe and knowledge on bitcoin, he might decide to increase his amount. Lastly, Mr B might feel reluctant that he does not need to invest much in bitcoin and invest in a wimpy way, when he can buy aggressively like Mr A, because he is rich and feels that he have enough fiat to save him in future from getting broke, which is under probability. This is why when you are investing using DCA method, the amount of money that we use should be based on our discretionary income, and also DCA aggressively when you are opportune to do so. |
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