This might seems small amount to start with but if you do this consistently every week, by this time next year you should have about 0.183 Bitcoin which is around $5k using today's price. I will encourage you to keep it up because you are buying at the right time.

I have lost count of how many times the supposed experts failed in their prediction. I do not hold it against them neither am I surprised because they are humans and never perfect. Besides, they use data, that changes with time, to do their analysis. Personally, I pay less attention to those predictions as my approach to Bitcoin is on a long term perspective. So even if their prediction happens and Bitcoin hits record high, I will never liquidate my entire assets.... I will always own Bitcoin and also pass it on to heirs.
So while the experts are doing what pay their bills, endeavor to accumulate as much Bitcoin as you can so you don't miss out on the next ride.

I feel El Salvador have made a decision that will go down in history as a great one. On the immediate, the country will enjoy so much attention and this is good for their economy. Give them ten years from now and see the level of technological innovation that will follow this legalization of Bitcoin.

I know there will be challenges along the way such as educating their aged population as well as their children on how to safely use Bitcoin. But if they adjust their educational curriculum to integrate blockchain, then the knowledge will grow faster than expected. They can also add vocational studies for the adults, in that way, no part of the population will be isolated.



If you think the super powers will give up their monopoly of global financial system so easily, the joke is on you. They will use every means to discourage people from embracing anything that opposes their power and control. IMF, the media and other institutions they use will be fully deployed to spread fear and misinformation just to achieve their aim. Well, the world is getting wiser per day thanks to the internet.

It will be very difficult for Bitcoin to replace all the fiat currencies in terms of usage. Bitcoin is an innovation that offer some improvements to the conventional system of finance.  It was not created to completely replace fiat but offer another alternative.

Just like the Internet, Bitcoin is a revolutionary innovation that offers new ways of life... and even as widely accepted as the Internet is, not everyone in the world still have access to it yet they are surviving.

So do not allow the fear of change make you think that Bitcoin will destroy employement opportunities becaue many employements have been created through Bitcoin and many will still follow.

Anyone who have been following will understand that now is the best time to buy. So, I am not surprised seeing that many people are taking advantage of the low price of Bitcoin now. Before the end of this year, I don't think we will see the price as low as it is now. Mt.Gox refund is the only one huddle left to overcome before we see all positive news for Bitcoin.

Anyone still doubting will have to rethink because next year is filled with so much positive news for Bitcoin. 

We might actually be saying the same thing as I do not notice any difference between your narration and examples from mine. The involvement of institutional investors will bring some form of stability and liquidity in a way that one person selling will not have devastating impact on the price like we notice in the case of Tesla.

The more the institutional cashflow Bitcoin enjoys, the less the chances of price fluctuations and market manipulation. 

No single person is gambling just for the fun, it is always for the money. Those who have this view are just trying to generate some good feelings that will water down the pain of losing. It is a psychological thing and I understand them perfectly well. Those who want to catch fun play computer games and not gamble.

The real fun of gamble comes from winning good amount of money and nothing else. Like you said before, there is no fun in giving your money away.

When money is removed from gambling, many people will see it as a waste of time. In my locality,  gambling have created many jobs and have remained a source of hope for many people who are not doing well financially. Even though I don't support gambling without a steady source of income, at least it provide hope for some thereby reducing crime.

This is very correct. Many people are scared of Bitcoin because of volatility... their fears is justified. By the time we have institutional investors getting heavily invested in Bitcoin, the liquidity will be huge such that it becomes difficult for few buys or dumps to drastically cause price fluctuations. For a coin with low liquidity, a single buy or sell of less than $1000 can alter the price significantly and this is not healthy.

So, just like you have already stated, institutional investors is good for Bitcoin and until we have more of it, mainstream adoption of Bitcoin and Bitcoin becoming a legal tender in many jurisdictions, will continue to linger.

I happy as you take bring this wonderful post here. Na this same matter I been dey reason with my gee yesterday,  relationship na something wey plenty people no dey pay attention to. E get how you go relate with people,  them go feel good and appreciated... na like this you go see the best of them. Everybody make mistakes so make we dey correct people with love and respect.

Tomorrow the people we feel we fit oppress fit be our helper... the world dey turn round. So make we try build good relationships.

You have rightly stated it as it is, at some point in the future, Bitcoin will gain deep penetration into our daily lives such that those who do not embrace it will be like those living in the stone age. This is indeed a possibility. 

The task of bringing this vision to reality requires concerted effort from all who are already informed and have embraced this amazing technology.  Together we will see this come to pass and those of us who are early will be proud of the decision and choices we made.

When I first saw the post, I was shocked and felt it was referring to something that was not feasible. But, seeing the comments and responses actually shows the level of work that has been done in Bitcoin data management and retrieval.
I truly appreciate the inputs of many guys, and I truly encourage more innovations as that is the way to truly unlock the power and beauty of this amazing technology.

By the time they succeed in institutionalizing rascality in all agencies of government, then you will realise we are sinking as a nation. E still dey sweet now for those wey support the rulling party because "first to do no dey pain". Who in Nigeria will believe that PDP will relinquish power to another party? They had everything and were so arrogant. Today, they are history and some of those people in PDP that felt too big are in prison or have gone to prison or detention.

At the moment, we are at the lowest level as a country in terms of moralty, freedom, progress and what have you. So I don't have anything to learn from people who are desperate to force themselves on the people.

It feels good to understand you have actually done something about this. You know we have been on this issue for a while now, with several options suggested.


In our previous discussion, I never read where anyone mentioned a case of accidents such as you have mentioned here. This is actually an important consideration because a situation where one implemented one of the method suggested which is burying the details of the wallet in the room only to be broken when the time is right, we never considered the case of incidents such as fire outbreake, earthquake and others. Maybe this aspect of spliting the portfolio and keeping the keys in different places is actually good.

From my understanding, you are suggesting short term trading otherwise called scalping. Well, I will never recommend this to anybody as long as Bitcoin is concerned because there are high chances it will end in pain. How can you take risk with Bitcoin that can move over $2000 in few hours? To me this is outright gambling with odds already against you.
I have seen several people fail trying to do this even those using sophisticated softwares. So it is not something I will ever recommend for anyone.

It is always better we focus on what is easy and generally workable for as many people as possible. From the discussion in this thread, a lot of people are new to this entire thing so we have to guide them properly to avoid mistakes. That being said, let's focus on long term strategies that will ensure people buy and give the market a chance to yield profits.

You have said it all. Assuming he dropped that comment in the trading discussion thread, I wouldn't have objected but since we are discussing long term investment here, it is a kind of distraction. Like I said before, Let the focus be on DCA and other long term strategies.

Anything wey get advantage go also get disadvantage... that mean say, the moon fit get good things wey go make am good to live but that one no mean say bad side no dey too. I believe say them dey study more and  weighing their options.


This thing really dey scare me no be small. The way the world dey go dey get me so worried. Even though say these advancement in technology dey sweet me, one part of me dey fear make them no use these things hold us for work. As time dey go, na so endey clear say even our body no be our own... na some people get power over our own body. The coronavirus of a thing really open my eyes to see wetin dey sup. Na God go help us sha.

This aspect of psychological preparation is what many people ignore. The success and failure of every business start from the mind... when the mind is not well positioned, mistakes are possible. So having the right psychology for every business is very important.


I don't know why the link you shared is not opening. Can you double check? I would have loved to go through the various contributions there.

It was interesting reading through those threads, it shows how much we have evolved in this journey. As expected, Bitcoin critics showed up to discourage people from buying Bitcoin.


It is becoming increasingly difficult to know how high Bitcoin will go in the next bull run because a lot of factors are at play now. Unlike those early stages, the market has become highly liquid and to move the market by one pip requires so much capital. Nevertheless,  it is certain that will see some growth in coming months considering rhe series of activities lined up that are all favourable for a bullish season.

Me I no really see anything wrong for the post... the OP put the post in a way to address the attention wey our local board don dey get for the forum, I no sure say anybody don post something wey emphasize that direction, if you see, no hesitate to share for me.
Make we no over flog the issue sha,  I understand wetin the OP dey try talk and that na make we no loose guard like you put am. Make we try show the world say we too get better gist for our board. Abi e no go sweet if oyibo start to learn our pidgin because of the vibes wey them see for here?

Surprisingly,  people that tend to hold Bitcoin more are those who understand it from the angle of business with little to no technical knowledge... just the basic knowledge of how to buy and store safely. If you ask them question about the technical aspect of Bitcoin, they will rarely give you a satisfactory answer. Theirs is to buy and secure their fortune because they understand how well Bitcoin will change their lives over certain period of time.


I'm tempted to disagree with you a little because the motivation for the creation of Bitcoin was digital money that will not be controlled by a singe entity. So, if people joined Bitcoin because they feel they can make money from it, then they are very much welcomed and it is good for the Bitcoin ecosystem.

Have you imagined what will become of Bitcoin if fresh money stop flowing into it? We need both the technical guys and investors to make the Bitcoin market liquid and better. We don't have to be emotional about it, without monetary gains, more than half of the people in Bitcoin will disappear. 

Your story is really a touching one, however, you can not change the past. You joined very early and obviously, you invested money that you could not afford to lose that was why you panicked and sold even at a loss.

Going forward, I hope you are doing some refining to your approach such that you only invest what will not make you unease. I suggest you learn about DCA so you can better handle the emotional aspect of investing.

Finally, I think it is not late now.... this is the best time to buy because there are several activities lined up for next year that might see Bitcoin experience som growth in price.