It is what it is bro... peopple have different perspectives,  different motivation and different personalities. So, while some just want the money others might actually be fascinated with the tech and in all, both are doing what make them happy and that is what really matters.

Believing in Bitcoin is one of the most important step in this journey. You cannot hold Bitcoin if you don't believe and have some level of faith in it. Remember where your money is is where your mind is.

There is no point making this complicated. The only action required is to ensure you have accumulated Bitcoin, then leave the market and time to prove you wrong or right. You only loose in Bitcoin when you sell...

Inasmuch as this seems suiting to Bitcoin believers, I think it is best we keep our expectations in check. I am not saying that this is not possible but I will not put this to heart considering that nothing is guaranteed so long as Bitcoin is concerned.

Nevertheless,  a lot of beautiful things are lined up from next year that should see the price of Bitcoin soar but putting a figure to the price it will hit is something absolutely difficult and unnecessary because it such tendencies can create inordinate expectations that might result to irrational decision.

I don't really agree with you that DCA strategy does not yield much profits. From a personal experience,  DCA have remained one of the best strategy that allow me to optimise the buying process. Without DCA, most of my Bitcoin holding would have been bought around $29k because when price lingered around that zone, there was this temptation of buying through market execution in order to avoid missing out on the much anticipated bull market I was expecting to start this year. So because of DCA, most of accumulations were made at discounted price that leave my portfolio in little negative and whenever Bitcoin hits $27k now, I will be in total good profits.

With the recent developments around the globe such as the BRICS new approaches, do you think the dollar will still remain as dominant as it is? Don't you think a lot might change in the new future? There are rumors making the rounds that the BRICS+6 nations will be launching their own currency and payment systems. If this is true, don't you think we might see some changes in the global financial systems? Well, these are political permutations that only time could reveal their outcomes.

We are actually on this same page; Bitcoin is the option I have chosen as the uncertainties in the globe portends some risk in holding fiat as a major financial crisis is possibly looming. Remember, "when two elephants fight, the grass suffers". So, to avoid being victim of the economic struggle between the East and the West, Bitcoin should be embraced by all who are privileged to know about the power it holds.

I have been telling people that this year is the best time to buy Bitcoin considering that next year have a lot of favorable fundamentals that can make the price of Bitcoin to skyrocket. Even though this is not a financial advice, I consider it a wise counsel.

I did not really have a fixed target for myself because there is no amount of Bitcoin I would have accumulated today that will make me to stop accumulating Bitcoin. My approach have always been to secure certain amount of dollar worth of Bitcoin in a certain period of time(which is what you mentioned as DCA). 

As a matter of fact, Bitcoin is one of the major asset I intend passing on to my heirs, so the more I have it, the more the fortune I will give to my heirs. This post was where I made inquiries on how this can be done and I received wonderful suggestions that I am studying to be able to implement them.

My approach may be different from others but I see Bitcoin like a treasure and I don't see the need setting an overall fixed target.

This does not really come as a surprise to me because the price of everything in the country have increased following the poorly planned subsidy removal. While I see the increase in school as outrageous, there was need to actually adjust the school fees if the school are to meet up with running the system.

What I rather find so strange is Federal schools increasing school fees to multiples of what it used to be considering the fact that they are being funded by the government and the staff under the payroll of the government. Well, I will not forget that everyone is looking for a way to take advantage of the systems since our institutions, that are supposed to checkmated them, are practically sleeping.

At this price, there is little difference between public schools and private schools and if you ask me, I prefer the later considering the infrastructures and learning environment that is like world apart.

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Statistics data to me is good but never reliable as it does not account for a lot of factors such as physical fitness, age, psychological preparedness and others. These factors are what determine, to a large extent, the performance of the players. Using data of 10 years performance to predict present reality can be misleading sometimes.

It will surprise you to know that many people joined Bitcoin for the hype of bull run and not because of their believe in Bitcoin. To them, they just want to make huge profits over little effort and short time and these are the people that bought at the peak and some of them end up in agony during time of dips; agony because they were not psychologically prepared to handle periods of dips and consolidations. It is usually a matter of time before they truly understand what they got into and from then forward some will take the time to study the trend, the tech behind Bitcoin and how best to approach the market while others will sell at loss and live to rue their actions. If you are active in social media, you would have seen some people narrating their ordeal with Bitcoin; how they lost money and all manner of fud.

Well, the longer one stays in Bitcoin, the calmer one gets because times somehow make us understand the possibilities, potential and the future in Bitcoin. So I always advice everyone to give it time.

A lot people started from that angle especially during bull market. Bitcoin is not a get rich quick investment but can be a profitable way of investing. I was lucky to start from this direction as mine was entirely based on needs.  So rather than see Bitcoin as a means of getting rich quicker, I saw it as a means of solving the problem of the cumbersome process of sending money across borders. Regrettably, if I had seen Bitcoin as a means of making money when I started, I would have had a huge stash of it by now

Inasmuch as I understand the good feeling of realizing that one is in net profit in his portfolio when compared to the fiat injected, there is no doubt that it is really a form of distraction/temptation for those with long term perspective. Some cases, when the profit is like  lets say x3, there is thought of breaking even that normally creep in and if not properly managed, there is a chance one might sell some of his holding unplanned and sometimes when one should rather be buying. So, to avoid a situation like this, it could e best one avoid looking at the price regularly... it can be twice or thrice per year or when there is a major event like ETF approval or so... then checking the market response is not out of place.


This is somehow similar to what happened to me. The only difference being that my passion is just to own Bitcoin irrespective of the price. In other words, price do not really matter to me because I just want to own Bitcoin. To be frank, it will take a great deal of experience to resist the urge of looking at the price always. For someone who is relatively new to buying Bitcoin, there are high chances they might be frequently checking the price, calculating total investment and net investment to check which is higher. I think this is normal as only experience can remedy this. The journey of accumulating Bitcoin is truly a marathon and not a spring. It entail a lot of wonderful processes of growth and maturity.

The side way move of Bitcoin will linger for a while at least till around the end of the year given that there is no major news that will propel any huge move. The market is speculative and driven entirely by news. Furthermore, considering the market cycle of Bitcoin, major move is expected 2025 but this is expected earlier in 2024 because of halving that many are looking out for.


I wouldn't say that investors are depressed because just recently there was news of Bitcoin investment running into billions of dollar. This is optimism from the side of the whales. What is happening in the market now is normal; it is call compression or accumulation... market do that to build momentum before any major move. The longer the accumulation the more explosive the move will be.

A lot of wonderful suggestions have already been given and I will only add or stress a few of them. We all know that KYC is a major challenge for a lot of casinos now especially those that only introduce it when users want to withdraw huge amount. Well, to succeed in earning the trust and confidence of players, avoid this practice and if you have to register in any jurisdiction, it should be those that will not mandate you to carry out KYC for your customers. You must also take marketing serious as that is a way to give your business the needed exposure.

I don't know why you are so sure there is an incoming economic crisis. What are the signs you are seeing that made you so sure?

Anyways, if there will be such economic crisis, I don't think it will be like the 2008 economic meltdown given that we are at the verge of seeing two powerful global financial system... being the status quo and the BRICS nation. If the later succeed in establishing the kind of economic cooperation they set out to achieve, it could result in a situation that a crisis in the US controlled economy might lead to an economic prosperity of the BRICS nation and vice versa. This is what I envisage in a bipolar world that is upon us already.

From historic data, Halving has always lead to new ATH and this somehow counterbalance the reduced block reward. I believe miners already factor this in in their business that is why we still have investments in the mining business.

The people who will feel much of the effect of halving are those already buying now that the price is still low because if everything happens as usual in every halving year, then we night see very huge high prices.

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Actually the graphs is a pictorial representation of human emotions, news, political development and what you mentioned as the driving force of the market.

If you know how to read the graphic analysis (technical analysis) you could somehow predict market major moves, although not with 100% accuracy as nothing is sure. While technical analysis has it's advantages, it is not immune to weaknesses but then, it can give us a good idea of where the market could possibly be heading to over a time period.

Centralized exchanges are registered in jurisdictions as a business entity. Part of this registration requires they ensure their customers are legally allowed to do business in those jurisdiction and also to comply with laws such as anti money laundry laws. There is also the need to ensure that such exchanges are not used for other negative financial purposes such as drug trafficking, terrorism financing and others. So KYC for CEX is mostly the requirement of the government where they are registered in.

A number of persons have actually complained about this and it is rather unfortunate. While this may appear entirely bad on the side of the casinos, it is possible those actions were necessitated by government regulations of which the casinos are really helpless( just my views). Whichever case, the casinos can do better by making these conditions known from the very beginning instead of waiting till there is a huge withdrawal request by a user.