For sure, I would like to point out that historically bitcoin has had compounding effects over each cycle and also even more compounding effects over several cycles, yet I would like to also assert that compounding effects are not guaranteed merely because a person stays invested in bitcoin for more than one whole cycle.
There is always a risk that bitcoin might not go up in value and even that it could go down or go to zero, so even though many of us appreciate that bitcoin seems to continue to have one of the best investment theses, even perhaps the best, it still is not guaranteed to go up, and I think part of the reason regarding having an investment timeline that is 4-10 years or longer is to make sure that you are considering bitcoin as a long term investment rather than merely trying to trade waves, and sure everyone is free to do what they like in terms of their approach to an investment, even though there are probably plenty of us who would consider that you are not investing in bitcoin if you cannot at least come to it with a minimum of a 4-year investment time line... and yeah, maybe when I came into bitcoin in late 2013, it might have had been more difficult to actually commit to at least a 4-year investment timeline since bitcoin was ONLY less than 5 years old at that time in terms of how long it had been running, and maybe only 3.5 years or even less in terms of having (and growing) some kind of a market price.
So various bear case scenarios should also be included in terms of any thoughts to get into bitcoin and to build a bitcoin stash, and are non-bullish cases are not eliminated merely because the timeline is longer... so be careful both in terms of suggesting that compounding value is guaranteed and/or that negative scenarios (or less bullish scenarios) are no longer applicable, merely because you choose a longer investment timeline, whether that is 4-10 years or even longer than that.
This is actually right as our approach towards Bitcoin investment should be considered including bull market and the bear market, if putting the bear market into consideration I believe most people will learn to hold for long with proper planning to invest regardless the bear season. For example, I don't know about other investors but it's believed the higher amount you buy and hold will determine your profit during the long term plan, this can be a little confusing making most people to buy huge and sell quick forgetting the profit comes when an investor apply the long term plan. In summary if putting both the bull and bear market into consideration can prepare an investor ahead of time cause if thinking about just the bull and profit involve most people might get disappointed during the bear season. From my opinion everyone should take their time and plan properly and invest |
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Cash flow management for bitcoin involves a combination of tools and techniques to ensure security, compliance, and effective forecasting. Whether you're managing personal finances or operating a business, the right combination of wallets, exchanges, accounting software, and forecasting tools can help you navigate the unique challenges of using bitcoin for cash flow.
The combination of wallet, exchange, forcasting etc are just common security major. As a trader or investor you'll have to make a right choice about your wallet or exchange etc, security is normal when dealing with Bitcoin to avoid being a victim to scammers. Managing cash flow with Bitcoin is something different from your explanation, it's either an investor decide to hold and during the process of buying or selling can be referred as cash flow or rather an organization using Bitcoin as a currency can decide to practice this move when dealing with other organization financially. As an investor investing using the dca strategy or other strategy will practice management when it comes to planning, I believe the management here is referring to our plans including the amount we use to purchase Bitcoin, weekly or monthly plan can be done by any investor before investing. |
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What are the biggest mistakes made by beginners in online gambling? How can they be avoided?
Instead of reading the casino rules first some beginners choose to ignore. Aside from casino rules beginners always view their first win as a means and confidence of winning always. I can still remember my first gambling win, I got excited and I never knew gambling is more difficult compared to winning that's why newly gamblers get too excited and end up messing up. I will always emphasis on learning from the legends when gambling cause they're into the system before your first win likewise gambling with knowledge and no over spending with the mindset of expecting more in return. The biggest mistake here is just greediness and wanting to win more without understanding how gambling works |
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Having fun is totally different for example, a gambler will bet regardless the loss involve with the mindset of accepting any end result but when it comes to an addicted gambler, at first these set of people will not maintain the habit I explained at first when a gambler bet regardless any situation rather they'll always insist to win the game. There's nothing bad wanting to win a game but when it becomes too personal such person can't control the urge to play always and surprising expecting a lucky win during times like this is difficult, whereby you want to win by all means but you never get to win a game and you keep on trying always can build an addict so fast.
At this point, nothing can help an addict expect he/she decide to quit, probably they might have undergo a bad experience or else educating on side effect can't help matters. I believe all smokers know the side effect involve when smoking but they still choose to smoke likewise gamble addiction
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Wether they take quick profits or not Bitcoin still remains, it's all by choice and how we view from our perspective, each investor knows what's suitable and good for him because the needed funds used to invest was raised by him, despite all these happening, we only just advise investors to purchase/ keep on purchasing Bitcoin, restrain from selling and continue to hold for the long run in order to maximize the profits and store this wealth for a longer time.
Emergency funds are compulsory units in the process of accumulating Bitcoin that should not be neglected, life is full of unforseen circumstances that may come either at the appropriate time when funds is surplus or not, during this point in time a persons emergency funds will step in to resolve that issue instead of altering one's investment portfolio just to solve the need.
But unfortunately, not many Bitcoin investors can determine when they will take their profits. Many of them cannot wait patiently for the price of Bitcoin to increase very high. Most of them are still consumed by the issues raised by unclear news. They will panic and make decisions without thinking twice. They cannot find more information about the situation that is happening so that they make instant decisions. For those who can still be patient, they can see when they can sell their Bitcoin and take the profit. For emergency funds, it is best to separate it from investing in Bitcoin so that it does not interfere with our investment plans. But there are also investors who use some of their Bitcoin to meet their emergency needs because their emergency funds cannot cover them. This is understandable because we often experience emergency needs that we must fulfill immediately. The pursuit of uncleared news is becoming excess and it can easily lead to higher expectations. What I meant by higher expectations is just different way everyone view bitcoin investment so I can't view same price as my friend or colleague but the moment I get convinced with their expectation or news I might get carried away but what if this expectation never happen, I might feel emotional and angry as well. From my perspective everyone should stay away from social news concerning bitcoin it's best we watch, observe and learn more to avoid false narrative. Taking out profit is a stage in bitcoin investment when an investor has reached he/her target The part you made mentioned of emergency funds seems complicated to my understanding, I have never seen any situation when an emergency fund including bitcoin investment is use to settle needs or emergency case. It's obvious when there's no emergency funds an investor will go for their bitcoin investment that's why it's advisable for an investor to plan including emergency funds. I think in such situation that consume emergency funds and bitcoin investment the investor just started their journey saving emergency funds. Personally no investor should start their bitcoin journey without an emergency funds along side to support cause when starting at an early stage the emergency fund will definitely be enough to settle every need, this are expensive mistakes that can affect an investment journey. |
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This is just obvious people gamble with their investment and they're not even called investors cause they come and go. Definitely people with this mindset will leave and hope for another ATH or halving but I'm believing a time will come when people like this will regret after seeing the price of bitcoin or probably when it's time to buy they'll not be able to buy more compared to bitcoin price back then. No one can really tell when it comes to price speculation but we always have a certain believe or else no one will think of investing, op will have to make a research in terms of population before and after the halving but I don't think short term traders will love to sell now due to the price
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From my opinion, not just newbies but everyone can actually learn from some else mistake or correction. This is just normal as we learn always, I asked a question for example and I get a lot of replies I'm actually learning something new with a benefit attached but the surprising thing is learning never end in essences navigating through the forum can also build your knowledge, during this process you'll find yourself escaping from different mistakes cause you now have a little knowledge. Taking correction is totally different from teaching others cause I get people teach more rather than accepting their mistake. Note a person must accept the fact they made a mistake before giving corrections or else you'll end up in an argument, as seen here and other occasions people try to speak rudely but I don't blame this category of people cause not everyone will speak the same as expected and we should not expect this from everyone, aside the forum we don't even know ourselves so it's a good idea if everyone will learn to accept their mistake and learn
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It might sound pretty basic but doing it is never been that easy considering that there would really be factors which would really be affecting your decision. Buying and holding Bitcoin? Aiming for long term. yes you can but
if you are someone whose really that active on seeing on whats happening in the market then make it sure that you wont really be affected by it because if you are somewhat a person whose really that emotional and someone who is really that easily could be influenced then its likely or high chances that you would really be finding yourself having those kind of second thoughts whether you should be holding even longer or you
would really be tending to cut-loses or whatsoever. Its never been that something simple but of course it would really be just that depending on a certain individual Checking market movement as an long-term holder shows that you are just in for short-term goals. Because as a long-term investment one don't need to bother themselves with price movement, instead focus on how to accomplish their accumulation goal by accumulating and same time holding for long-term. Yeah checking the market movement on a regular will definitely messed with one emotions expecially those who are new in to Bitcoin which may lead to one selling their investment in a premature state. Looking out for price movement always are usually practiced by traders not holders, sometimes I refer the short term investing as trading cause there's no guarantee of success, although the trading field can't be compared with holding bitcoin cause the amount of loss involved in trade likewise a short term plan is annoying mostly beginners who are inexperience about trade. From my view the common reason why people still feel emotional with bitcoin price is because they don't know what the long term is all about so sometimes investors fail to make plan. |
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After reading everything, I decided to make a little research about MMM and according to my research Nigerians lost billions to MMM and I'm not surprised. I don't know the creator behind the MMM project but I heard alot about the creator and everything but all what I got to understand during that season is MMM is a ponzi scheme. No investment is risk free or anything associated with the internet is not risk free. Bitcoin alone is different but the funny thing here is anyone can fall victim to some scam method sometimes, scammers will not even come direct but sometimes if an investor fails to choose wisely like wallet choice etc it's likely such investor might be a victim. Where to store your coins matters a lot cause some of the newly wallet are ponzi scheme but unknowingly to an investor or random exchange. At the first place why will anyone trust an exchange or a third party to store their coin. Dear op convincing someone who has fallen victim through online stuff is difficult but the honest truth not all investment will stand as a ponzi scheme so people like this should change their mindset
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Arsenal took the lead from City with a win against Wolverhampton. Arsenal, who were deprived of an important win after their home game last week, suffered a big blow in the championship race.
And not only did Arsenal took the lead from Man-City, but Man-City is currently standing 3rd on the league table after Liverpool won their game against Fulham today, working away with the full 3 points, hence placing both Arsenal and Liverpool on the exact same point (i.e 74points) while Man-City having 73 pts, a difference of one. And as such, if Man-City really wants to win the league this season, this is the time for them not to take chances but strive to win in all it's forthcoming matches to be played against Brighton, Nottingham and Wolves on 25th, 28th April and 4th May respectively. But though it's gonna seams tough, with a good coach like Pep Guardiola, anything is possible. Looking at the tittle race I'm sure every team is prepared to face their opponent mostly Manchester city, Liverpool and Arsenal as they can't stand any chance loosing to their opponent cause any slight mistake from this level I can predict the title winner but let's hope Arsenal and Manchester city get to defeat their opponent mostly Arsenal cause the match ahead of Arsenal looks tough but Arsenal played with their A game battling with wolves. Manchester city still have higher hope winning the title likewise Arsenal |
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Regardless of little kids who make use of the internet and they likely come across different gambling advertisement and site sometimes influencers even go ahead teaching the public how to place a bet. At this point I can't blame influencers neither the site, this is just for the money and it's left for parents to take good care of the child for example setting a restriction and TV guard or phone guard. This act whereby influencers advertise gambling sites is called marketing and creating awareness about the site, an influencer will never think twice before accepting the contract and this is just common among influencers. Not just gambling sites but scam projects like altcoins promoted by influencers, this is not a new act but definitely little children can easily adopt this mindset and practice the act without knowing the negative effect at an early age
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No doubt, the fun, shout and vibes is at the viewing center but I don't know if this is just my opinion or for every one, I find it difficult to concentrate when watching match with group of crowd mostly when my favourite team is playing. The shout and argument is just a distraction from focusing, sometimes I end up laughing with the crowd forgetting I'm watching a serious match. People who usually generate the noise and shout just want the environment to be lively but I'm not a fan of such. I prefer watching my match quietly and alone except I'm expecting a visitor or family friend or else I dislike watch football match with group of people.
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This act is just common among most people, people who still don't know how to gamble can get into an argument when playing a game and they can decide to involve money, from my point this is just a way of proving your seriousness or your strength by involving money nothing else, anything that has to do with money mostly when playing a game you'll definitely feel the seriousness. Little kids can also behave in such manner when arguing with a friend but not involving money rather toy, I observed this act several times but I think the person in question is a gambler cause during fun games like this what's the need arguing to such extend.
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Your colleagues should work on themselves and the habit of spend unwisely after winning, you don't necessary need to achieve something big with your gambling money cause the word big is like an asset or something huge. Definitely not every will have the privilege to win huge amount but after winning the little amount what do you think first like your colleagues for example will go for drinking. I had this experience during my school days and surprising I needed money to buy my textbooks and luckily I won my bet, I used the money for my textbooks and I got satisfied. Achievement or not, gamblers should learn to use their money wisely after winning,
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I came from a society where majorities are not bothered about their retirement plans, Some do have the financial resources but due because of financial revenue opportunities, they feels so reluctant and comfortable without considering that depending on the government opportunities could get to an end somedays. I don't know if they ever have the picture imaginarily about how their old ages times would be.
While I've come way too far thinking about this as I also goes around the towns and sees old people aging so helplessly as they're vulnerable, I fear not to be in such situations so then, I'm striving on making positive differences.
I've decided to have a diverse of my bitcoin investment for my retirement purpose.
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.
Every citizen will feel the impact of their country economy, good or poor but definitely not every will have to face same challenges. At an old age when there's no strength and power to work I think this is where the problem lies, aside bitcoin investment we have a lot of promising investment, spending lavishly without thinking of owning an asset is wrong. Most of the old people you see today lack money just because they failed to think and spend wisely, Although bitcoin investment is a top choice but they're other investment choice anyone can voluntary choose. Every point is directed to investing at young age but sometimes the choice of investment can ruin everything like know the worth of an investment before investing |
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Health and wealth have similar meaning and sometimes complex to understand cause most people think being rich can settle every health problem, also difficult to understand like the saying health is wealth. Investment cannot necessary determine your health condition in the future cause sometimes you'll have to settle the basis before thinking of investment. Health issues can hinder an investor from investing, I've seen situations when wealth can't necessary save someone from a health challenge except op is referring to investing now when it's not too late, invest now when it's not late should be channeled with bitcoin price not health issue. From now till the next 7 or 10 years what will be the price and the growth, I don't know cause no one can predict concerning the future but an investor can invest with full assurance. It's obvious people who planned their invest several years ago they're benefiting, I think the major point when it comes to bitcoin investment is sacrifice, if investing for future use investors should learn to put their health first before investing like knowing the needful first so it can enable an investor invest without withdrawing their bitcoin. Remember when investing for future use we're talking about the long term plan and most people lack the resource for long term plan but for those investor who still use the dca strategy should make good planning
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Fees have dropped to around $15 now, maybe in the next few hours it will be at $5 ish.
Or maybe it will rise if the runes protocol spamming the network again (damn you casey).
Its better to withdraw the BTC balance at the casino when the fees back or near to normal and replace it with another coin temporarily.
Using the alternative is ideal, since the fees are really high and if you are a small time gambler, this is not worth it to gamble. This is why there’s a lot of gamblers who prefer to gamble with the stablecoins or with the altcoins as the fees are low and they can transact it faster. BTC option can be good to big time players as they can afford that fees. Options like this will definitely come mostly for those gamblers who are eager to play by all means, alternative like altcoins or stablecoin is good at this point but a gambler can always decide to wait since they're not holding altcoin. Things like the high fees and other factors are bound to happen mostly in situations like this but I don't know why the fee will be so high so this extend. Any gambler who is ready to risk it at this time should think twice as the fee is high but personally taking break during times like this is more preferable than finding another alternative cause sometimes alternative do fail |
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When we talk about Bitcoin and it's adoption for the Nigerian space, we go understand say many people wey dey even here about Bitcoin sef na true the wrongs ways like some of my friends for which day just dey blah about cryptocurrency trading and how people dey make am especially when you trade Bitcoin, all these nonsense na watin him dey vomit without even understanding or knowing what is involved in Bitcoin trading or the cryptocurrency market as a whole base on the aspect of its volatility.
Nigeria na one of these African countries wey de like involved themselves with promising projects and the citizens embraced them. Bitcoin is affected by volatility, make everybody just rest because e no easy for anybody here. Everybody know how bitcoin dey operates for the system, make we just de stay lowkey and observe the necessary movement of the project. I know bitcoin have turned out to be very compulsory and important for those top investors in the market, most of them already know how to trigger good entries and follow up this project. The solution here is get a basic knowledge about your investment choice, just because Mr A said bitcoin is promising and good I'll just jump in investing and then I except a quick profit just because of what I heard. It's obvious when discussing with a friend you'll definitely share an opinion concerning financial matters etc but mere sharing of bitcoin investment idea without knowing how the investment work cannot help,the starting point can easily fall without reaching the target. Expectations is something that will not work 100% with bitcoin cause no one can actually predict rightly, looking at the high transaction fee I believe no one saw that coming but definitely no one can question bitcoin. Bitcoin no be by force and if you trust bitcoin then invest despite any situation, leave wetin person talk about bitcoin cause if na to convince you no go fit. Bitcoin is working for you as an investment choice so why con dey bother for wetin person talk. |
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This is just normal and I'm not surprised, it's left for you to make wise choice when dealing with digital assets. Wise choice like knowing the right wallet to save a coin, aside exchange failing over and over, keeping money in an exchange is wrong and it can easily attract scammers so from my thought an exchange is not a trusted place to store coins. Exchange which crash are mostly referred to as a scam and developers of such exchange are scammers as they build an exchange with different motives and they work accord to such aim. It's always advisable to go for trusted exchange even if scammers will come or not don't store coins on an exchange, I read similar topic in my LB and from my opinion storing coins in an exchange is just similar to saving money in an open space where everyone can see, secondly using KYC wallet to store your coin is wrong cause it's no longer an annoymous act.
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I guess you wanted the quick profit using the dca strategy to accumulate bitcoin. If no, I don't get why you'll speak such about dca strategy and sincerely speaking dca strategy is so common and favourable for investors who choose to invest in bitcoin, you don't necessary need to start with a wrong impression or else you'll paint every accumulation strategy as same. Dca strategy is used to accumulate monthly or weekly with any amount of your choice so long as you have the basic knowledge about bitcoin and dca. You have to bear some certain things knowing the kind of investment choice (bitcoin) with a volatile nature, planning is always needed alongside with your investment although I don't know what's triggering this thought but dca is one of the best and popular strategy for accumulating bitcoin
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