The death of that young man pain me wella... I no find am funny seeing such a young promising talent just gone like that. Well, Naija music industry deep and one person been don talk am somewhere say na cult be that and from wetin I dey see, e be like say na true. E dey hard to see those celebrity live long and in good health, I don't know why e dey like that. Him death dey very suspicious because nobody know why him go meet the nurse wey inject am as the news report say na after the injection wey him die and I hear say na the nurse wey call am make him come take the injection. Ear infection no dey just kill person like dat na (d whole story no just clear). Why dem just rush do burial, his father needs to be questioned because wu knows if dem dun pay am to close mouth to do the burial as dem need his permission. Police need to invite everybody wey dey involved for the mata from Naira marley to the father so dem go investigate the matter well even if na to dig am up do autopsy.
I be wan make we reason the guy death from another angel. First una sure say the boy hand clean? Una sure say him dey completely innocent for the whole thing? I know say for Naija, the person wey dey no dey dey guilty but we gat think wide sometimes. Our people say if pikin dey cry dey point one place, if them check am them go see say either him mama dey there or person wey him know. Why be say everybody dey attack the boy? From Naira Maley to some randomguys on the street, the guy just dey collect from everybody. I hear say him be don talk say if him die, make them hold him wife. Una sure the matter dey straight? On the other hand, it is possible that there is a huge conspiracy involving his wife and some powerful gang, to get him out of the way. Check out the following incidence: He was attacked by group of boys in 2021; He was attacked at his estate; His wife bought pickup for her father after his death. All these are pointing to one thing. |
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I am yet to see what can beat planning because every great success depends on it.
There are plans that can't be followed and the best result comes out with the unplanned ones. But sure being well prepared and planned is going to give you t he upperhand for the better results and greater success. Ditching a plan to follow alternative course of action could as well be part of planning. Planning entails steps to follow to achieve a target and it also put into consideration, some things that must remain a constant. When these constants are not met, there is always alternative course of action. If you have been able to know about programming, there is something called conditional statement which specify what should be done if certain conditions are met... this is how planning is done. There are always unforseen circumstances in life, so when you plan and in the course of implementation, you find alternative course that is better, you have to adjust... planning is not an oath so you can't be so rigid with your plans when you have find better alternatives. We all aspires for the best so "when that which is perfect is come, that which is in part is done away with" |
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There is a very thin line between trading and investment based on your definition of the later. I will try to paraphrase your statement to be able to give me perspective on this topic.
Investment like I know it is not limited to digital assets as trading itself is another form of investment... you invest time, resources and even money in order to make more money. Investment in the form of buying and holding digital assets such as Bitcoin is a wonderful approach that have proven to be very profitable but requires a lot of patience and discipline to be able to hold amidst the temptation to sell when in profit or fidget when in loss.
Trading on the other hand have higher risk and higher returns. High risk because it requires very delicate skill and discipline to scale through. But when the skill is mastered, trading is far more lucrative than anything you can imagine. Most big holders of Bitcoin I know are people who made money from trading and decided to invest in Bitcoin.
So, I am of the opinion that both trading and investment are good and better combined for both short term and long term profitability.
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I posted a thread recently in the trading and investment , however, I thought of bringing this to the local group I wan hear opinion from my brothers I got some replies both negative and positive though and I wan make we discuss. Not everyone might like to talk on emotions but let's know that both investment and trading get emotions to deal with
There is a saying that where your money is, your mind will be there. This mean that so long as your money is committed to it, be it trading or investment, your emotion will be involved. So, it is not bad when your emotion is activated whenever you place a trade or make an investment. The art of managing these emotions is what shows how psyologically prepared you are. So the question is are we to worry about emotions not in trading now but in investment because investment could get to some point and we will......... you understand.
You are not expected to be worried that emotions is involved in trading and investment because poor emotional deposition is itself a form of worry. What I usually advice is that while seeking trading and investment skills, also seek psychological skills because trading and investment is 30% skills and 70% psychology. This is the unwritten rules that every success trader and investor follows. As a guide, the following steps will help: 1. Only invest what you can afford to lose 2. Before investing or opening the trade, determine your risk exposure and your profit target 3. You must have a trading or investment plan because planning eliminates a lot of mistakes 4. Be open minded and keep room for alternative possibilities so that you don't hold on to a bad trade or bad investment beyond when you should. There are more but I believe you should have gotten an idea of the point I'm making. |
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Hi there
hope y'll doing very well today i was just going through here and i read these discussion you guys having with each other i found it interesting so i thought i must share my experience as well. A couple of months ago i was just waiting for the BTC dip like well as i expected BTC will go for 20,000 it wouldn't reach there. we all know the aspect that we can't time the market anytime we can just make some prediction according to the previous history analysis so that's what i do....well when BTC price came to 25700 i bought some amount of BTC according to the savings i had but i didn't invest my all amount at once then i still expected btc go more down and literally it happened after that very next week BTC price came more down i was about i guess 24800 and i did more investment and seriously i found DCA as very good technique it make my whole portfolio in profite and i still waiting btc to go more down like i think it can still go to the around 23 to half of 24 thousand what you guys say about that must share you opinion with me it will add up to my knowledge and information as well Many Thanks.
Kind regards
snowpega
Good Day, Thank you for your submission and also congratulations for choosing to invest in Bitcoin. It might just be one of your best decision you have taken. Any approach you adopt to accumulate Bitcoin is not bad as long as it is increasing your portfolio. A lot of people are using your option of waiting for the dips to buy and since we are still in a relatively undecided market condition, they have been right buying at every dip. This will continue until we have a bull market where market might not give them the chance to buy again because dips might be rare to see. The DCA method does not really look at price... so the option of waiting to buy at the dip does not really agree with DCA. If you are employing DCA, then waiting for the dips will not be necessary... so I guess you have some modifications to make regarding your approach so you don't miss our on major move that can start any moment. |
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The salary of an average Nigerian worker is about N150,000( $160) per month and this is for graduates that have put in some years of service. Unfortunately, base on the currenct economic realities of our country, 50% of this fund is spent on feeding. This is to say that many people are leaving from hand to mouth because the remaining 50% is not enough to cover to shelter, health, clothing, utilities and other basic amenities.
If urgent steps are not taken, people will drift towards depression and that is not good for a country with population of 200 million people.
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If they are registered with CBN does that mean that CBN have started approving companies offering crypto-related services? It will be good anyway but then one have to do more research about the company.
If it happens that they are actually approved by CBN, then Bitcoin penetration in Nigeria is about to take a new shift and that is a wonderful news for us.
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You are right and I truly think the newbies need the right information so they don't get distracted. However, as for the caption of the post, I don't see any need for newbies to engage in argument with critics.
What the newbies need is to get the knowledge that will sensible them build their faith in Bitcoin. This faith will protect them from every negative posts and discouragement. Remember, "if you are informed, you cannot be deformed"
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I've been following a few gambling channels on Twitter and Telegram, and whenever they share a screenshot of a bet slip or winning ticket, they occasionally also include the balance of their wallet.
People who do this are basically promoting their channel and looking for customers. Some of them even use that to lure people so they can scam them. I have also seen a lot of them who added photoshop and not their actual winning and wallet balance. I will advice you to be careful with anything you see online before you fall into scams. I always withdraw all my winnings and only deposit the right amount i want to use to gamble whenever i want to play a game.
Gambling websites are centralized so it is not always advisable to leave funds there. Like you said, the only fund that should be there is what you want to use to play. This is also my practice and so far, it helps me to control my betting while also remaining safe. |
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Personally I see KYC as something at parallel with the very essence of Bitcoin. KYC eliminates the privacy and anonymity that Bitcoin establishes and this is the reason we have BTC mixers. The major security challenges faced in Bitcoin are unconnected to KYC. For instance, KYC was not able to stop MtGox hack and FTX scams. I am yet to see how KYC was able to make much impact in fighting money laundering or reducing terrorism financing... maybe it does and I can be wrong, but I have not seen any report pointing to that direction.
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Make we no forget say plenty successful gamblers dey for Naija, example is Mayor of EkitiYou do not have to refer to successful gamblers, it is just a way to encourage people to gamble more and more people will lose money to gambling. If you are not offering gambling service but depending on playing gambling to earn more, that is a fast way someone is driving himself to a remorseful life of depression. I don't know if you see gambling as entirely bad, if that be the case, I do not share that notion with you because gambling is not an entirely bad business... it is just the approach of some people that make it look as if it is bad. Come to think of it, gambling have been there right from time, from pools to papa Ijebu, and now betting and casinos, it has always been there. People have made successes in it. I still maintain that if proper strategy is applied, gambling can be a very profitable venture. I just gave one example of successful gambler, the list is long.... I even know those who are not ready to work for anybody because they are making it big from gambling. It is all about strategy. I know it is in human nature to criticise what they don't understand so I will not be surprised if many people condemn gambling.... but for the records, gambling is business that you can win with the right strategy. One good thing you should know about gambling is that it gives people hope which is very good for our health as depression is sometimes the absence of hope |
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Na lack of strategy dey cause the kind failure wey people dey fail for gambling. Make we no forget say plenty successful gamblers dey for Naija, example is Mayor of Ekiti. He is a successful gambler that have dealt with several bookies on various occasions. I know say grace follow but person gat apply strategy because na lack of strategy go make person take all him money play gamble when you know say na game of probability. E dey pain me when I see the kind attitude some people dey form untop gambling... your family never chop you carry the small money you get go dey play gamble. Naija no too dey play gamble self... visit US and see how gambling and casino centres plenty and many people dey play am... but e come be say our people no add sense untop am. For Naija now, if them know say you dey play gamble, the first thing them go say you be useless and irresponsible man. E no suppose be like that. Make people dey add brain sha. |
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It really depends for me how I feel about a particular bet and how much I am willing to lose on my conviction. In some cases the odds of winning are so high that it just doesn't make any sense to bet small.
I was using this approach before and it is good because you will commit more funds to the games you have more confidence in and less funds on games the probability is lower. The only challenge with this method is the tendency to over-leverage which might result in pains. In the past I used to bet large amounts on the favorites on football match, even on leagues that I didn't even follow I bet on games with 1.05 and lower payouts. The problem was that in several bets the underdog won and I lost all my money.
Despite this looking reliable on the surface, in terms of business continuity and sustainability, I don't think this is good. One single loss can wipe out one week of consistent winning. You already confirmed that you lost all your money to a single loss... that means you need to modify your strategy if you want to remain in business. |
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I like to think about the non-steady income in a couple of parts.
The first part is just figuring out what is your worst-case scenarios, what are your best case scenarios and what is your average... So then with that information you can try to project ahead, and most likely mostly using some combination of the worst-case scenarios and the average in order to figure out how much money you need to keep in your emergency fund in order to cover those situations in which the worst-case scenarios ended up playing out rather than the average case scenarios.
So, even though not necessarily likely worst-case scenarios could end up playing out for 6-12 months or more, and so the emergency cash fund should be able to cover the gap between what you need to live and what kind of income is coming in. Hopefully, you are already spending (your monthly expenses) somewhere less than your average case scenario which should then cause for an ability to invest (or DCA) with part of the amount that you are living below your average case scenario. and sure if the worse case scenario persists for a long time, you may well end up needing to either reduce or eliminate your DCA purchases of bitcoin, but if you have planned in advance you should not necessarily need to stop your DCA, and for sure, you do not want to end up putting yourself in a position in which you end up having to sell any of your BTC during periods in which worse case scenarios are playing out.. which likely would mean that you had not sufficiently prepared in terms of your emergency fund and/or the ways that you had been choosing to live in order to make sure that you are generally living below the amount of your average case scenarios rather than spending more than that.
Thank you for adding further clarification to this; I consider this information very helpful and I know other people do too. A lot of people in this forum might actually fall into this category of unsteady cashflow and this information will be very helpful for those who will be able to digest and implement it. From your explanation, it is obvious that a simple averaging of upper and lower limits might not be as efficient as keeping in mind the worst-case situation. As student, it is easy getting $10 per week for low income country oike mine but sometimes it gets as high as $50. For a student in this situation that want to start investing in Bitcoin, a DCA of $10 per week will be more feasible |
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This one na old format na... any person wey fall for this one dey greedy and uninformed. No be today I dey see when they hack account of prominent people come dey post things wey too good to be true. I don't know whether na grace but anytime I see all this ojoro them, I dey know immediately.
If you no dey greedy for Internet, e go hard make them obtain you... "free food dey purge"
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The only challenge that someone using DCA method is when the source of income is not steady
This was my thinking too and I even made a comment referencing an entrepreneur. Thankfully, JJG explained convincingly, how this can be achieved. From that explanation, you can actually know your financial inflow within a certain period like a year, from that you can know what to set aside and plan your DCA accordingly. You must not be earning fixed income monthly or werkly before you can perform DCA, even when your inflow is not regular, you can take average with a time period and as soon as you have any bulk funds, you can start off with the part that fits into the average you have worked out already and before it is exhausted, you would have receieved another inflow base on your calculations. i was DCA with almost 100% of my monthly income before, because have hard free supplied of almost everything and leaved in my parent house,
This reminds me of the good old days when my parents were providing practically everything I needed. Imagine I knew about Bitcoin then, most of the monies I spent on things I can't even remember would have been properly preserved in Bitcoin. |
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Plans for how to mitigate risk and manage problems can be a good thing. But too much planning is not necessary for everyone to manage things. The reason why people don't follow difficult things is because they don't want to come out of their comfort zones.
I am struggling to understand when a plan is said to be too much because the last time I checked, planning is actually the absence of irrational decision and action. I think what you might be mistaken for planning might actually be fear. I know a lot of people who are too afraid of making mistakes, hence, they end up developing fear at any slightest opportunity. I have worked with few of them and they always fail their medical test due to high blood pressure. I am yet to see what can beat planning because every great success depends on it. Even the popular DCA that I have recently starting using in buying Bitcoin is a clear case of planning. Planning can never be too much.... |
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It baffles me how the op deviate from the topic of discussion as the heading implies to telling us why people should not join Forum with the mindset of making money. Although, making money is the reason behind why people are rushing into Forum recently and it's not bad either because you work for it. I am not justifying that fact but the truth is that even if you join the forum with the mindset of making money, you must work hard for it first to attain the stage where you can be able to make money..
I don't actually see any contradictions in the post and the topic. For clarity, the essence of the post is to for stress the need to set priorities right to be able to make judicious use of the forum. Having wrong mindset such as get rich quick syndrome is the reason for several bad attitudes here.... if this is addressed and proper mindset achieved, even money will come naturally. I will suggest you take the post for what it said and not what you presuming. Everyone joining this forum is not because they wanted to make money
I already explain that in the post and as you can see from the humbling submission of many of the experienced guys, a lot of the people join because they believe in Bitcoin and therefore saw the need to belong to a community that have Bitcoin as denominator. It's funny, I joined this forum in March of 2020 when the Bitcoin price crashed from $10k to $4k. It was panic mode everywhere as people really thought its going to die lol. That was my initial reaction to this community, and that was the same time when Covid hit. So I was stuck at home, I decided to learn trading and do more in Crypto and I am glad I did. It paid off well for me.  Such a humbling submission! It shows that we all joined in unique was and for various reasons. Personally, I have been using Bitcoin long before I joined this forum. So when I finally knew there is a community like this,I was supper excited to join and at first, it was difficult finding my way around until I did little reading within the forum under the guardian of a some older people. |
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I am glad you sought suggestion from this forum; that is a wise decision. A lot of great suggestions have already been offered here so I will just add few.
First, ensure you come clean and clear the air on the issue of KYC from the beginning. Some casinos have this habit of asking for KYC when customers have huge winning even when they never did that during registration. This does not show transparency and integrity.
In addition, a great casino should be free from internal manipulations. There have been few reports of this happening.
Finally, you have to make resources available to do proper marketing of your product. This forum should be one of the best platform for such marketing on the form of signature campaign and reviews.
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There is a popular saying that "when the purpose of a thing is not known, then abuse is inevitable". This statement is true even in this forum as understanding your purpose and motivation for join this forum will, to a great extent, determine your approach, commitment, contribution and how long you will stay here (a lot of people disappear after few weeks... I don't mean to scare you though ). Different people joined this forum for different reasons: some to learn about Bitcoin, some already know about Bitcoin but felt the need to join a community where Bitcoin is like a home( to see some of them, go to WO thread) and there are those who joined because they heard that people here make money... so their only motivation is to make money even very quickly. These are the people that spam, lie and do all manner of despicable things because they want to beat the natural process of learning and growing. I want to announce to you that if you are only here because you want to make quick money, then you may mostly likely not make the money and here will be so boring to you because you will reveal that tendency and the OGs will notice you. Some of the older people can share their experience as regards to how they started, maybe we all can learn somethings too. |
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