A lot of things have actually changed across the globe following the war in Ukraine with supply chain receiving the major hit. As expected, this have had serious negative impact on many economies. prices of food items have tripled in my country as Russia/Ukraine constitute part of the major producers of fertilizer and wheat. If this trend continues, we might see global emergency in food as many people are already struggling to feed.
I feel the Russian Ukraine war could have been avoided as it is a clear case of proxy war of West with the East. Same scenario is also brewing in West and Central Africa and I hope it does not escalate. As a matter of urgency, the whole world must come together this time to put and end to the war in Ukraine because it is affecting the entire world in no mean way, not forgetting the innocent lives being wasted daily in that avoidable war.
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Applying for full member slot Number of posts(including this one): 204 Merit earned in the last 120 days: 104 Bech32 address: bc1ql0awexssl0flt5quxdcpga4n8w2c6pje0g4wxg
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Actually in this case I don't suggest or consider that trading is also a mistake because those who do it have their own thoughts and their own strategies to collect bitcoins regardless of others doing DCA or trading I think it's their right but when talking about investment then one of the best strategies is DCA. and when we want to be a good investor for the long term trading is too difficult to do because as you said a profit for a few days/weeks or months can just become a loss in one day when trading is bad so traders do have bitcoins but they are not investors for me because they have their own role which is as traders.
While I understand and respect your point, I think it is right for me to make some clarifications. Trading is not bad and can be profitable for some that have mastered the skill. But considering the topic of this thread which is to buy and hold, it becomes a little out of place to discuss short time trading here. Most traders are just after short term profits and they do not really hold Bitcoin. Unlike the DCA which is indeed one of the very good bitcoin buying strategies for today because this is a way of collecting bitcoins without having to worry about the bitcoins that we collect experiencing losses if we don't sell that
I am happy you agreed with me that DCA that dominate the discussion here is mostly and better applied in accumulation and holding for long.
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A lot of people might be following the circle of four years that makes 2025 the year for the next bull run. But I feel the bull run might be starting December 2023 all through 2024. There are a lot of indications pointing in that direction.
If you notice, recently some whales are already accumulating billions of dollars worth of Bitcoin. This is an indication of what is coming and how massive it will be. I will encourage everyone yo position for the bull run by buying at discount before the move start.
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It is good to have huge expectations about price but we should be realistic in doing that. Checking the historical data of Bitcoin, you will notice that for any new ATH, there must be something to propel it, one of those being halving. The halving is billed for next year so, since no major event this year, I wouldn't expect to see such huge prices yet.
However, anything is possible considering the developments in the world. Some countries might just resort to using Bitcoin to avoid the political uncertainty in the world and this is enough to propel price upward.
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The reasons given in this post are actually valid and plausible. While we don't want Bitcoin to go to $12k, it is better to keep an open mind policy when it comes to a volatile market like Bitcoin. Nevertheless, I am never thinking in the direction of any major dump that will take price that low.
Personally, I have learnt to apply DCA in managing my portfolio as I am strongly bullish considering the lineup of events from next year onward.
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If you don't take privacy serious as a biggjnner, you will later regret when you become a pro. As a matter of fact, privacy and security are the very first things every beginner should learn if they must survive the digital space at large.
Check and see how much big techs spend in privacy protection of the data of their users. This will tell you the importance of privacy.
So yes everyone need to take their privacy seriously. Don't grant permission to every applications especially those you don't trust.
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The best DCA approach os to buy at the lower level and sell at the top of the price, it not good to buy at the top because doing so will affect your overall DCA strategy since you will eventually be at lose in the shot while when the price of bitcoin will nose dive to correct the market at that point.
Is there any way to truly know the top? When people make comments about selling at the top and buying at the bottom for a trending market, it always sound like complex to me because market can give several supposed tops within a short period. Furthermore, I don't know the approach other people uses but to me the best is to sell Bitcoin strictly base on needs and not because I want to make quick profit. Although I am holding for long so my approach might be a kind of different from others. With DCA, I wouldn't want to sell to replenish later as there are high chances that when you sell, you will never replenish your portfolio to the Bitcoin quantity you sold off.
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But on the other hand I do agree with what was said because at the end of the day DCA is a bigger winner than trading
It took me being active on this forum to learn this and ever since I knew this, life have become much easier for me. DCA actually eliminate a lot of the challenges people make in their Bitcoin investment like panic buying and selling, fomo, hype, fud and others. With DCA, your emotion is not totally attached and you have more comfort and convenience in your disposition. "trading btc has been proven to be a losing strategy over the long run" and we have seen many people who were eventually ruined by trading and liquidated so in this case it is important if you really want to be a good investor then adopting the
I am a good example of those who have had terrible experience day trading Bitcoin. One single bad trading day can wipe out three months of consistent profits. Assuming I started applying DCA to accumulate Bitcoin the time I started day-trading it, I know how many Bitcoin would have been in my wallet by now. I will never advice anyone, irrespective of the supposed level of experience, to day-trade Bitcoin. It does not always end badly.
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P2E projects hyped have already ended and it was replaced by meme coins hyped - Pepe. Pepe coin had gained huge attention because of its skyrocketing price but looking it price after the pump, it is now on the decline. This will actually happen to projects that have no use case just like P2E.
I will not agree with you completely that P2E projects have no use case. That will be totally wrong as I know a lot of P2E actually creating engagements and making huge impact in the gaming world. The may not have gotten the penetration expected but surely they are on track. I don't even see their hype being dissipated because if you open Facebook and other social media, their adds should be among the most common and regular. Well, not to wonder why many people are looking for another Pepe coin because it really gives them huge profit but being a smart investor, this is not the right thing to do.
Meme coin give huge profit but is also has high chances of being a scam. As a matter of fact, to get a meme coin that will yield profits is more or less a matter of luck because the scams outweighs the good ones.
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Thanks for accepting me. I will be happy to work in promoting this project.
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This is the very essence of life. I feel we cannot really say we succeeded in life if we can not impacted the lives of others positively. You must not have everything in life before you make someone smile... just that little push might be all someone need to overcome a major challenge or achieve a major milestone. From my experience, I have never seen one person that went down because he helped others; instead, there are countless number of persons actually succeeded because they helped others when they had the opportunity. Just like they say, life is a circle and the measure of love and support we give out, comes back to us in different ways and form.
In our every changing world where the love of many is waxing cold, we should endeavor to keep in mind that " we rise by lifting others"
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Applying for any any available slot (signature or avatar only) Rank: Full member bech32 address: bc1ql0awexssl0flt5quxdcpga4n8w2c6pje0g4wxg Merit earned in the last 120 days: 103
Thanks for consideration
Applying for - (Avatar+ personal Text)
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I have reported the group as shown below [...]
Friends, I really appreciate your help! Thank you! As promised, I sent you some bitcoins for your help. Thank you for the reward. I just checked again and I noticed there were actually four groups with one being the only legit Telegram group. These are the Telegram groups: 1. https://t.me/UniJoinHB with about 10k members 2. https://t.me/UniJoin088 with about 12k members 3. https://t.me/unijoin0 with about 2.3k members 4. https://t.me/unijoin which is the real group with about 1.2k memebrs I will do more emails and reporting tomorrow if this is OK by you... let's hope they take the fake groups down.
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Hello everyone! The scam telegram channel has not yet been deleted... I would be grateful if you could help me report this. In addition, I will give a reward of 0.5 mBTC to everyone who writes a complaint about this email address. I have reported the group as shown below I have also sent the email to as shown below: I write to bring your attention to this account https://t.me/UniJoin088 which is a scam telegram group engaged in fraudulent activity.
They are mimicking a real telegram group https://t.me/unijoin The website of the real project is: UniJoin website: https://[banned mixer]/
Please investigate and do the needful. My BTC address: bc1ql0awexssl0flt5quxdcpga4n8w2c6pje0g4wxg
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I think that I have told a variation of the story that when I first left home and I was 17/18 years old, and I had a pretty limited cashflow, .
At 17/18 years old I was not really privileged to certain information especially those that makes one self reliant. I think it is a thing of our culture;parents will hardly allow their children around that age to leave the home to pursue their dreams. Instead, at that age range, we were occupied with how to enter the university, still under the funding of parents/guardians. So at that age, things like investing was alien to us. However, things have changed now as awareness is fast spreading globally, thanks to deeper internet penetration. Deep down there is this joy I have been experience and that is partly because I feel I am doing the right thing especially with making sure the future is secured; I have never had the fear of the future that was once a nightmare to me. Now I am more hopeful of a future that I don't have to engage in arduous work at old age. but I learned right from the start to always attempt to put away at least 10%, and I was not always very good in terms of where I put the 10% (or the amount as it added up) but over the years, it did continue to build and build and build
I have learnt a lot from you and I happy I found a forum like this. A lot of things are already changing with me and very fast at that. I am taking my financial planning and investing seriously, cutting many frivolities and focusing only on needs and necessities. The transfer of knowledge and experience happening in this forum is what I will cherish as long as I live
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Applying for any any available slot (signature or avatar only) Current number of post (Including this one): 191 Rank: Full member Bech32 address: bc1ql0awexssl0flt5quxdcpga4n8w2c6pje0g4wxg Merit earned in the last 120 days: 103
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Applying for any any available slot (signature or avatar only) Rank: Full member bech32 address: bc1ql0awexssl0flt5quxdcpga4n8w2c6pje0g4wxg Merit earned in the last 120 days: 103
Thanks for consideration
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