It is well-recognized fact that predicting the future price of bitcoin is difficult. But historically speaking, October seems to be a month when the price of a bitcoin tends to rise a little more than in previous months.
To me I don't think there would be any much Bitcoin price movement in these October, one of the things you should understand is that the possibility of Bitcoin repeating a price movement on a particular month is not certain and perhaps if you check very closely you will see that during the times Bitcoin price use to repeat uptrend on the Month of October are mostly when the halving are still in some years ahead so if there was supposed to be any drastic price movement it would have done it earlier before now, so the Bitcoin price has been on a consolidation for sometime now and since we are in the last quarter of the year there is a likelihood that Bitcoin price will still maintain those levels till the halving take place then you can expect Bitcoin price to surpass the ATH, so let's not allowed the psychology or speculation that Bitcoin price normally increase October affect our plans of accumulation. Even though I understand your argument, I still think that historic data have shown that October is usually a good month for Bitcoin. The market is already showing signs that we might see some movements anyways. Nevertheless, there is really no need to be bothered about price, instead, the focus should be on accumulating more Bitcoin because it is likely we might see some growth soon as we move towards next year. King daddy gives no shits about months... so maybe it will go up and maybe it won't.
up or down in the future no one knows, but if the rumors are true that there will be an increase then this is a good opportunity, not apart from that investors or traders must remain vigilant about the news about BTC that will rise or fall, being aware of the news about btc is certainly necessary so as not to predict it wrong. With rumors circulating that btc managed to close the month of September positively and will experience a rapid increase, this is a good opportunity so don't be wrong in predicting it or wrong with the rumors circulating about btc, not many people take advantage of this moment to make a profit. Is there really a way to use news to predict the price of Bitcoin? Have you tried it before and predicted it correctly through the news? Well, it is obvious you are suggestion panic buying and probably selling too as you will not hesitate to sell when the news does not seem favorable. In all honesty, this is akin to gambling! Unfortunately, looking at the news to be able to predict Bitcoin price is not really necessary because, by the caption of this thread, we are buying and holding for long. Therefore, our main focus is how to accumulate as many Bitcoin as we can possibly get while being able to hold for long without being compelled to sell haphazardly. |
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For much long now I have never place bet with a higher amount but there was a bet i placed few days ago and i was tempted to increase my wager from what it should be before, Let say i often gamble with at least 200 Naira and maximum is 2,000 for a multiple bets But recently something came into me to start increasing my wager above my limits due to a game that was predicts to me it gives me all possibilities that I could cash out big time. This now made me to come here to asked how do you control your greed with your bet amount, do you go ahead placing the bet as your minds speaks or do only maintain to your limits whether it plays or not doesn't matter.
This is common with most gamblers including me. The desire to win big is always there and if not checked can lead to playing beyond budget. How I handle this is to set rules and write them down; in the rule, the amount to play per bet , number of bets per day and target win and risk ratio are determined before ever placing the bets. This helps me manage my emotions better and so far, it has been helping me. Again why do you regret after putting smaller amounts and it happens the games went as planned and starts blaming yourself for not increasing your bet amount, maybe by now you could have cashed out big time.
Personally I believe in playing small amount while targeting big winning but I do have games I also play big amounts depending on certain conditions. I do not feel bad irrespective of the outcome of my bets because I already determined how much I am expecting to win or loose before placing the best. How do you control this thought over your ends do you keep to your regulations of always placing bets with some limits or you place bet according to your mind and regrets after losing that amount for not following your limits?
Betting can be painful without rules that will help you curb some negative habits. I strongly recommend anyone who wants to see gambling as business to develop self-paced strategy... that is how to survive in the business. |
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I have a feeling that this may not be Satoshi, but then we shall see in coming weeks or months.
Satoshi can easily prove himself by simply signing a transaction from his wallet and put this whole drama to rest.
Like many people have suggested in the comment section of
that tweet, I will advice anyone not to click any phisihng link that will come out of that tweet. Hackers are active!
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In my opinion, the court cases, arguments and all the unnecessary and boring discussions are not necessarily. Satoshi have Bitcoin wallets and account in this forum. If Craig claimes to be Satoshi, he should login his account in this forum and make a post to convince the Bitcoin community. On the other hand, let him make a transaction from Satoshi's wallet. If he fails to do any of the above, I will gladly join the group that see him as a laughing stock.
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Great initiative brother. I want to acknowledge your creativity and boldness. I want to suggest that you consult an educational curriculum expert to design the learning experience for the student. And it should be simple to understand.
Introducing these employed youths to Bitcoin will not reduce unemployment because it might not give a them steady income. The best option will be to teach these youths skills that will help them get jobs. Bitcoin can now come in when they have saved money to invest. But no knowledge is a waste, therefore I commend your effort.
But you have to prepare to face some problems. This may include regulatory problems since banks are restricted from dealing with bitcoin in Nigeria. The central government might see this move as an attack on their stance on Bitcoin. Politicians are corrupt, so expect the governor's aides to ask for kickbacks before you can get the needed sponsorship or assistance. Most students might not have access to Android phones or computers to do the practical aspect of Bitcoin education.
We will keep pushing until our nation becomes Bitcoin-friendly.
The restriction in the use of Bitcoin and other digital assets in Nigeria was effective under the past administration headed by Mohammadu Buhari. It was under his directive that they froze the accounts of a lot of crypto-based companies and fintech start-ups. Conversely, this new administration that took over government this year have shown willingness to allow digital assets to thrive. I captured one of their directives in this thread where the central bank have directed all banks to lift the restrictions placed on companies and individuals involved in cryptocurrency business. So far, there have been a surge in Bitcoin awareness in Nigeria as Nigeria have remained at the top in countries with highest search of the phrases ‘cryptocurrency’, ‘invest in crypto’ and ‘buy crypto’ according to this article published by Coingecko |
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Inasmuch as I understand that technological advancement have its negative impact, the advantages outweighs the disadvantages. You can agree with me that owing to technological advancement, innovations such as the blockchain that is the reason for the creation of this forum that have created many jobs that you can attest to. The internet is another example as it has created more jobs than robots could take. Other examples include Youtube, Facebook, X and indeed various social media platforms where monetization is possible. Furthermore, digital and multi-level marketing have created more millionaires than you can imagine, thanks to technological advancement,
Therefore, it is safe to say that conventional jobs are phasing out due to technological advancement and this in turn, create new jobs which are even more in number and in pay.
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Yeah very good timing for me as I needed to move my Sept mining proceeds to my partners. I was thinking I was going to need to spend more than 35$ worth of btc to do all the moves and consolidations I needed to do. As it is I spent under 10$ in btc for the moves I did and I even consolidated two different wallets sets of tx . We are very low right now. https://jochen-hoenicke.de/queue/#BTC,1w,weightbut we may be going upwards a bit. In coming days and weeks, we will see it increase a bit like you rightly posited. This is expected though; I did some transactions of recent and I was surprised to see it settled cheaper and faster unlike before that it took me two days to achieve the same result at the same cost. |
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Play for fun. If you are not playing for fun, you are doing it wrong. Gambling should be done to entertain yourself only, and always remember that gambling is not a sound financial investment. I have witnessed the horrors of people who blow their kids college funds and life savings on gambling at a Casino. Don't be one of these people. Have a daily or weekly gambling budget and learn which games you like and how to play them so that you can actually have much more fun playing them than just winging any game.
I sort of disagree with you because if you playing entirely for fun, then you cannot take it seriously. Have you forgotten that the gambling industry is worth billions of dollars? If you play for fun, you might not know the importance of discipline, seriousness and commitment and this is not how to survive in a multi billion dollar industry. You can catch fun while playing but it should never be the driving force for venturing into gambling. I have always been an advocate of developing a strategy that integrates, risk management, style of play, winning targets and when to stop playing. If you have developed this system and follow it religiously, the fun will come naturally because it will take away the pain of loosing beyond budget. By the way, what other fun is greater than having huge and winnings? With the money, you can get all the fun in the world! |
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I always try to look for couple different indicators. Main mathematical indicator is obviously pi cycle top. But many people consider those indicators as something very manipulative. So I also look for sentiment of markets. I especially observe my local people. At one point crypto market becomes so good that everyone starts to say they buy some Bitcoin. But as I say, its actually good time to sell. I mean even your local grocery guy buys Bitcoin (not as user but short term profit seeker) its a point to worry.
True, many items influence and are tied together. Yes. Market conditions always make us think, but one thing we feel is that trading consumes a lot of energy. If it rises, we feel happy and vice versa. But. I think if you want to set up buying and selling, it's better to just do it once a week (Short Term) maybe it's better for now. Of course, there are lots of indicators that are used, but from the several sources that we have looked for and tried, none of them work perfectly, there are shortcomings and it comes back to us when we make decisions about when to buy and sell . I am not really a fan of short term buying and selling as it require sophisticated skills to be profitable. From experience, it is most profitable buying and selling in a market under consolidation ( market moving within a range). But when there is a clear trend in the market,it becomes a problem. I usually do not encourage those who are not technically and psychologically prepared to venture into this style of Bitcoin investment. Gradually we are seeing some positive response from the market, signalling that the much anticipated bull marketing is setting in. This is indeed a good time to buy rather than sell. Besides, who will hold Bitcoin through the prolonged consolidation only to sell when the marketing is showing signs of bullishness? Next year might be late to buy so all buying will be best suited now. |
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If you are not sure about it, then start with buying $10 per week of bitcoin and get your shit together, figure out your finances and your psychology and if you got it mostly figured out
I know it is as too small to begin But this is me that you mentioned mate, Yeah I started purchasing 10 dollars worth of Bitcoin back in mid of 2017 , and added a increasing amount each week. but with wrong decisions in life, I got involved in gambling and ending losing all my investments in 2018 and yes , I truly regret those decisions. But from there of mistake ,Now I can proudly say that I can feel the success in the net bull run. Well, just take your experience as a learning process. At some point, we all have made one or two mistakes and the best we can do is to take the lessons from those mistake to be able to make better decisions. I remembered being scammed several times in my early days in Bitcoin. As bad as those experiences were, I never allowed them to break me, rather I comforted myself with the notion that nothing good come easily, so I regarded those losses as the school fees I had to pay to learn this amazing technology. Nevertheless, I expect you will not to treat your Bitcoin investment with this mindset of gambling... trying to get rich quick with little effort. The lessons you learnt from your previous experience should guide you on the important of gradual growth rather than wanting it overnight. The DCA method is one sure way you can achieve this slow but steady growth in your Bitcoin accumulation. Hope he will not act like that lol..
but for me , as I keep reading most of your post and still learning more each day , thank you for being so active specially for Bitcoin .
He has been of so much help in the forum.Through him I have learnt the DCA method and other wonderful things including the power of small beginning. There is a saying that "if you following who know the road, you will never be lost" |
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I have learnt never to sell my Bitcoin with the hope of buying it back when price supposedly reduces. There is a high chance you will never replenish the Bitcoin. So I feel this pattern of buying at the dip and selling at the peak will not work for everyone as not everyone have the discipline to do that. Besides, is there any way to completely determine what the dip and peak are?
Assuming you bought Bitcoin around $8k and some around $15k, probably you bought lets say 5 BTC in total. If you sold this in 2021 around $60k, this represent a descent profits. fast forward to today, there are high chances you have not replenished your portfolio with 5 BTC and this means even if you might have more money in fiat, yu have depleted your Bitcoin portfolio and anything that makes Bitcoin create a new ATH, you might likely be depressed seeing that your overall decision was not the best. On the other hand, you have kept a large chunk of that money as fiat, there is the possibility you inflation would have eaten deep into the money.
The ultimate aim of every believer in Bitcoin will be to own Bitcoin. In other words, you can not be a true Bitcoiner when you are overly ready to deplete your portfolio at the sight of profit even though you have the intention of buying it again at some point as this have turned to a game of probability. It is not a good position to be in my opinion.
Your overall theme sounds good, but there is something wrong with your example.. because if someone bought 5 BTC for an average price of around $12k, that person would have spent around $60k for those 5 BTC, so there surely could be ways to sell some of the BTC and buy them back and to end up with more BTC. So you are seeming to give away too much by assuming that they are able to sell at or near the top.. and if anyone ends up selling at or near the top, they end up having a lot of options to buy back lower if they did not end up spending it for consumption purposes and they kept that money in their investment portfolio. I understand your point completely and yes, you are right. Nevertheless, what I gave was an assumption... from experience, those who buy low to sell high usually do not necessarily wait for the peak but do sell as soon as they see considerable profits. So, I doubt they could be so patient and organized to buy at $12k and sell at $60k. The chances of this happening is very slim because no one would be able to know for certain that Bitcoin will go as high as $60k before the present retracing. Looking at historic data and considering that market have this way of testing our psychology, it is most likely that they bought and sold at prices we are not even capturing. To be specific, Bitcoin made a high of $19,891 in 2017 before retracing to around $3,200 in January 2019. It rallied to around $12k in April 2019, so anyone who bought low would have targeted the previous ATH of 2017. This means those that bought around $12k would have sold around December 2020 when Bitcoin smashed the high of 2017 to hit around $29k before 2020 ended. From this point onward, Bitcoin never experienced any huge dip and this means that those who buy low to sell high might have missed the bull run of 2021 and even if they managed to jump in after selling their previous stash for profits, they most likely bought above $29k. The point I am making is that even though this patter appear attractive to some people, it might make someone miss wonderful opportunity such as buying around $3200 and riding the wave of 2021. This kinds of HODL is only possible for long term holders and not those with the mindset of buy low and sell high.... the high might not really be the true high. |
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but not everything is about merits.
I agree with you completely because being too fixated on earning merits really kill the fun of the forum and make discussion here sort of boring as people will tend to jettison their opinion in order to align with those of merit sources or those they feel will give them merits. I have seen few threads where everyone make comment just to align with the big people because they need the merits. If I'm not wrong, this should be one of the biggest Bitcoin community and considering the very essence of Bitcoin, people are supposed to feel free to express their views, criticize positively, disagree to agree and just have fun. The moment we make everything about the merit, then there will be serious problems. And talking about your suggestion, I don't like it, and I don't want it to be implemented. Because this would become some sort of discrimination. Because not every member tries to copy others' replies, but unintentionally their context ends up the same. And that's not fully true that only the first two posts make good merits, I have seen many threads where people get merits even on the second and third pages.
The point is, we are here to add value and to learn from others, but yeah, merits also matter, and we cannot ignore that fact. But our first priority should not be based on merit.
I know a lot of people that are so committed to the forum that they read each and every comment in any thread they are following, giving merits to deserving comments irrespective of the page the comment. These are people I respect a lot as I have not see such level of commitment. They are always willing and help, guide and correct any misconception as it relates to Bitcoin and blockchain. Furthermore, since threads with with the latest comments comes to the top, most people usually go the latest comments and this shows that every comment gets the needed view and attention. |
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I dey really happy as Chilwell don translate my post for their local board. The topic dey very very important and I go like make everyone read am and learn from am. Because plenty Altcoins get secret tactics wey dem dey use do fraud and deceive buyers. Highly inflational Altcoins, like Polkadot, dey very very dangerous because the way wey the thing dey expand no be here, like I point am out for my article. When I dey examine Altcoin, plenty things dey well well wey we need to check am. Inflation na the only one koko wey dey but na em be the very important one. Dey don advised say make we dey look closely, Watin go happen to like Polkadot. Such coins go massively lose value over time. Make we dey put am for mind  E come dey look like say you sabi our pidgin pass plenty people for Naija. I really dey feel your flow and if you ask me, e don reach when we go sama you one ogbonge chieftancy title because na person wey don chop Naija swallow fit vibrate in Niaja flow like this. I don take time read this your story wey dem carry come our board, e really make sense die. As e be say Naija don really pick up for Bitcoin pass as e be before, I believe say this kind knowledge dey very important for people so them go know how to take follow their investment portfolio. This your update done already open my to see wetin dey sup with come crypto wey I been dey comot cap for! I believe say you go don hear say Naija no dey carry last... so as the next bull market dey come so, we mount gidigbam untop crypto and I dey sure say everywhere go soft next year onward. Once again, thank you for the kind contribution wey I don see as you dey do for the forum. |
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Actually this is nothing new for high roller or professional gambler, first the casino will limit the account, if he's keep winning and drain the casino's money, they will take the last step to ban the account.
Since Dana White was gamble in land based casino, it's more easier for the operator/staff to ban the high roller or professional gambler.
I'm not saying the casino is bad or unethical for doing that, but they must do everything to make their business not going to bankrupt, right?
I agree with you on this... it is all about protecting their business. Even though this does not see ethical, it is the reasonable thing to do to ensure business continuity. However, what I would have suggested instead of outright ban is to place winning limits. In this case, the limits can stop one individual from draining the company. |
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Bitcoin have a way of humbling critics, that I know for certain. Before there was a mindset in my neighbourhood that Bitcoin was scam... those of us into Bitcoin then were seen as unwise. Funny enough, some of those critics are hodlers today. Indeed Bitcoin bring to reality the popular saying that "if you can't beat them, join them".
Peradventure the next bull run turns out massive with Bitcoin hitting over $100k, those of them still remaining, if any, will have no choice than to join.
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HODL is all about mental, I totally agree.
The temptation to HODL bitcoin when the price is falling is whether we will continue to hold it and wait for the price to rise again? How long? or do we cut lose?
The temptation to HODL Bitcoin when the price goes up, do we keep holding it until the price is even higher? or will it go down again? we are confused about what price to sell, too early we will regret it, too long the price can drop again
I think the temptation to HODL when price is rising is far higher than when price is falling. I don't know if others experience that as well but personally, seeing my portfolio in profits of multiple of my investment could be so tempting to sell and take profits. It takes a great deal of courage and faith to hodl and not sell at this point. On the other hand when is falling, people rarely sell except some panic sellers or big playings that will dump the price so they buy cheaper. There is even this popular saying that "you only loose when you sell" So HODLing bitcoin is about mental strength, long-term goals and good financial condition. Without it, I doubt I would be able to HODL
Indeed a great deal of mental preparedness is needed to HODL Bitcoin in both bull and bear market but in all, the level of faith and believe in Bitcoin is what will guide our decision. |
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Bitcoin ETFDetails: An exchange-traded fund (ETF) is a type of investment fund that is traded on a traditional stock exchange. The Bitcoin ETF tracks the real-time price of bitcoin, which is issued by asset managers who purchase bitcoin from the spot market, bundle them together, and offer their customers shares of that bundled bitcoin. These shares are exchangeable on the traditional stock market. Impact: Bitcoin ETFs are regulated by the SEC, so investors feel secure investing by thinking their investments are protected by law. Bitcoin ETF’s share is tradable to the stock exchange market, so some investors feel comfortable buying this share instead of real bitcoin, which needs to be stored and secured by the users. Evidence: World-largest asset managers like BlackRock, Fidelity, WisdomTree, Invesco, Valkyrie like asset manager applied for the bitcoin ETF, and many analysts predict that it will be approved just before the halving. Pros:- Can be brought as a share.
- Regulated
- Tax efficiency
Cons:- Investors can't hold real bitcoin.
- Higher fees
- They have no control over their fund.
I'm still struggling to understand how Bitcoin ETF approval will lead to increase in price of Bitcoin considering that the ETF itself does not correspond to owning real Bitcoin. For instance, if retails buy Nasdaq in the forex brokers through their trading platform, this is so insignificant to cause a rise in price of the shares of the company as what is being traded in the market is like the features. I understand that Bitcoin respond so well to fundamental, perhaps the news of ETF approvals can cause some gains in the price of Bitcoin but if this rise can be sustain by this news is what I'm yet to understand. So many people are already predicting that approval of Bitcoin ETF next year followed by the halving is enough fundamental to push Bitcoin to an ATH. While this sounds nice and cogent, realization of such projection still leaves so much uncertainties. My best guess is that the ETF approval will create the hype while the halving will create the imbalance in the demand that is needed to propel the price. |
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Bitcoin is not in competition with the government so I feel we should not make it look as though there a battle between the government and Bitcoin. Without mincing words, so long aa Bitcoin is expected to be used by citizens of the various governments, there is no way government will not be involved.
What we need is collaboration with the government to make Bitcoin legal tender in various jurisdiction...when this is achieved, things like taxation will be fixed and everyone will be happy. As it stands now, SEC, a government agency is still very much key to the approval of Bitcoin ETF that is projected to play key role for the future of Bitcoin.
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It is possible that Hal Finney is Satoshi, and if he is not, then there is high chance Satoshi is another person and still very much alive. His real name might not even be Satoshi and there is high chances he is not Asian.
It will amount to a joke to think that someone inspired by the need for privacy, freedom and anonymity, to create Bitcoin, will divulge his identity easily.
As for his private keys being lost, the chances of that being true is also very slim unless perhaps, he intentionally decided to donate those Bitcoin to the community. Besides, he would still be very rich in Bitcoin because he would have still be mining Bitcoin with different data.
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This one no come to me as surprise at all... democracy don die for Nigeria after that sham them do for 2023. This one na even small; you know how many wey don burn their voters card? The political apathy don start already.
By 2027, they will be beating people coming to campaign self because na waste of time and energy. Make INEC kuku dey write results give who them want we no send them. NA MUMU DEY VOTE!
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