Accepted  

Congratulations on your Full Member rank. Good Luck  

Some bitcoin investors have missed the last market sell-off where Bitcoin gave an around $4,000 or so discount from its previous price in the last few weeks, that was another opportunity to buy more and wait for the dip to be over to be at an advantage when the price will move above it present price., most of them that failed to take advantage of the market to buy more are now waiting and anticipating for the price to fall further for them to buy in.

my JJG investment ideas thread,[/url] I have been update those 4-5 opening posts with current information, and then I try to show the edits.. but it is getting a bit unwieldy.. like as if I almost need to start a new thread rather than updating those 4-5 OPs.

I know that I have already attempted to explain this several times, and my tendency is to project out my cashflow for 6 months minimum when I was younger and financial aspects of my life were more simple or maybe up to 2 years if there are several complicated things going on in terms of variation of expenses and/or incoming cash.

If you look at your history and you also try to project the future maybe you might be able to get some kind of a solid grasp that your income might vary between $700 per month (worse case scenario) and $4,000 per month best case scenario, and the vast majority of the time you are receiving around $1,500 per month give or take $300.  You could project it all out based on the worse case scenario, but probably it would be more realistic to project it out based on the lower end of the general pattern, which would be $1,200 per month, and then perhaps you might just keep some extra reserves for times when the cash flow is less than $1,200... So if you also know that the amounts of your ability to invest into BTC are going to be vary based on these, then you should be figuring out your minimum amounts to DCA based on your projection of minimums.. whether you choose that to be the $1,200 or the $700 and then of course, you would then be able to add the higher amounts in a kind of manual basis.. or maybe you wait for the whole month to pass before you conclude how much extra that you have, which could be using the extra amounts from prior months to be budgeted into the subsequent month rather than in the month as they are happening, which has a kind of net effect of your maintaining a higher cash reserves.

Well I went back to that link that you originally provided

which is this one:   https://dcacryptocalculator.com/bitcoin  ^**

**By the way, To get quick examples of how DCA might play out over several years, I had been using https://dcabtc.com/ and it allows comparisons of bitcoin to gold and equities... but it ONLY allows selecting 9 years at a time (can pick the start date in order to go back further than 9 years and so accumulation period would therefore select the end date but cannot do less than 6 months or even to custom select dates on both ends), so I might start to use your website a bit more, especially if I am wanting to select a time period that is more than 9 years or if there might something that dcabtc.com is not allowing me to do.

Let's say that he begun investing in bitcoin last August or perhaps September 1st, to make it a nice round number (date).  He started investing in such a way that he had been studying BTC for several weeks maybe even several months, but at some point near the middle of August, he decided that he had to spend some time figuring out his finances so that he would know how much that he could invest into bitcoin, and maybe he even created a one year plan.  Surely whatever he figured out in August is not going to be the end game, because when he started investing into BTC, part of his decision involved that he would continue to study it while he was investing into it, but the very first thing that he did was to figure out his own situation so that he could get started as soon as possible... setting up accounts or establishing some ways to source his coins (and maybe even looking into other ways, but at least has a place to start to buy regularly).

Let's say that this guy is in his mid to late 20s, so he had already been working for several years and he had some savings.. Not a lot, but he had saved up around $6k that he would like to put all of it into bitcoin (over the next year-ish), he has an income that is around $18k per year, so he has already saved right around 1/3 of his annual income.. which maybe we can imply that he is able to extract around 10% to 15% of his income to make it investable, and he already has somewhat of an emergency fund in place but he knows that he has to add more to it.. because it is only about 1-2 months of his income and he figures he should have more than that in his emergency fund.. all great so far... so if he has between 10% ($1,800/yr or $150/mo  $34.62/wk)  and 15% ($2,700 yr  or $225/mo, or $51.92/wk) then he likely has a cash flow expectation and he has a lump sum that he can choose how to allocate.

He might also already know that about two times per year, he has extra money that comes to him.. perhaps around $1,000 each time (maybe in December and in June), and if he is very strict with his finances, he could inject all of that extra money $1k each time into BTC.

So now I gave enough of the parameters of the hypothetical so there are various ways that we could plug all of them in.

With the initial $6k that he already has, he could choose to lump sum $2k right away and then plug $2k into DCA ($166/mo or $38.46/week) and/or and another $2k into buying on dips (has to figure out the increments and or the spread for that.. maybe $100 for 20 orders every $500 will get him down to a dip of $10k, and of course, he could spread it out more and then just add value to the buying on dip amounts from time to time as money comes in.. but he can project out his whole year for the buying on dips allocation based on what he has figured out for his budget of how much he can put into it )...

When the $1k lump sums come in, he could divide those into three also.. maybe each time he would consider them as 6 months so he has $333.33 lump sum $333.33 ($55 per month or $12.82 per week).

So he could employ these and budget them in advance and then if the numbers end up changing (such as his bonus are slightly different) or some other things change, then he can make adjustments along the way, but he could start right away with amounts that account for each of these categories, and the amount in his budget weekly ends up getting divided into DCA and a buying on dips reserve. and he had to figure out how much to allocate to each.. but he has all the numbers figure out which would be a weekly amount of about $85.90 ($34.62 + $38.46+$12.82) for the 10% scenario, and $103.20 ($51.92 + $38.46+$12.82) for the 15% scenario.  He could do 50/50 for the DCA versus buying on dip, or he could do some other amount that he might consider to be more preferable.  I would probably suggest 50/50 to get used to it and get a feel for it, and then adjust later accordance with how it is working.

I am a little bothered by what you seem to be suggesting, at least in terms if a lot of time might pass between giving the instructions, and I suppose I could assume that you are checking the validity of the wallets periodically, such as 1 or 2 times per year, because if several years pass and the keys and the method has not been checked, it could become problematic..

Of course, another way could be to describe the method, but also provide the back up seed (or whatever method is being used), so even if they are having trouble figuring it out, they still may be able to get some technical assistance from some random hacker (hopefully trustworthy) to figure out derivation paths or whatever might be a possible snag in getting at the wallet showing the proper balance of 0.00451376 BTC or whatever the correct amount contained therein might end up being.

There is a pretty wide practice of the use of trusts amongst rich people in a lot of places around the world, and even if there is likely some jurisdictional variance (and even various hurdles along the way), trusts are considered to be kinds of private conveyances of value/property, that are set up while you are living and you can even have a trusted friend administer once you pass.. or you could already have it going before you pass and you could be the administrator of it while you are still living..

I surely don't know all the nitty gritty between the kinds of trusts (revocable and irrevocable) that could be set up, but you ultimate describe whatever terms that you like within such trust including who the administrator is (and of course who the various beneficiaries are) and usually the administrator would receive some kind of a fee that you would describe within the trust. and I would imagine that you would not want your trust administrator to work for free because they might not carry out what you want if the terms do not fairly compensate them for carrying out the trust terms and maybe even describing how expenses, if any, are paid from the trust.

Personally, I question the extent to which it is necessary to teach your heirs about bitcoin in order for some kind of plan to be made in which they would benefit from your bitcoin. 

...you could create some kind of a trust and you could also have some person or some kind of an organization that would be in charge of distributions, and you could also have terms within the trust that might involve some of the needs of your various heirs to educate themselves in regards to bitcoin (or any other topic) if you believe that might be a reasonable condition to set upon their receipt of the bitcoin or to receive distributions that might span out over a number of years or even through their whole life, if you might want to set it up in that kind of a way.

You don't actually need a lawyer for that because as far as I know, there's common law and banking law that governs these things. Under common law, you don't have to "report" any cash found at home.
Imagine that you live with your mother and she dies. You are the only child and your father is dead or your parents are divorced. Whatever movables were there at home are automatically yours. If she had cash in a safe and you know the combination, it's yours. Nobody is going to ask you how much money, jewelry, or art pieces she had as long as there are no other heirs that can lay claim to these things.

If she had a bank account however, the bank will not grant you access unless you give them a court order.

With bitcoin there's no third party locking you out. If your mother left you private keys, seeds, or wallet passwords, the money is yours.

I get your point, but I don't see consistency as just following your plan, as plans can be followed in different ways. Let me say, for instance, that I have a plan to accumulate 1 Bitcoin before the end of one year, and initially I strategize to buy another 0.08335 before the end of every month. In the first two to three months, I was able to achieve that, but because of some kind of personal issue, you decided to shift out the amount you want to accumulate this month, but with the belief that you will be able to gather more than you plan for the next month so that you can cover up the balance of last month.

In such a case, I don't see that as consistency, as I view consistency as the process of doing a particular thing constantly, nonstop, until the purpose of that thing is achieved without even bridging any of the set-out plans along the way.

Persistence and consistency are also two differing concepts.

There are only two big names in football everyone would easily recognized. Cristiano Ronaldo and Leo Messi, perhaps their era in European football have ended. We watched them played against each other for years and winning significant trophies. Leo Messi is a big positive influence on Major League Soccer. It's amazing how the league evolved round and rising to popularity race only this season. Inter Miami signing Leo Messi was one of the best signings in the club's history and winning their first league trophy this season, it's all clear message that Leo Messi is the GOAT.

Molde FK almost managed to make the match end in a draw, but Galasataray managed to maximize the opportunities that existed in the final minutes of the game. The second leg of the two teams still have the same chance of qualifying but Galasataray certainly doesn't want to fail in front of their own fans later because it won't be fun, so I think Galasataray will qualify for the champions league group phase, because Molde FK is facing a lot of pressure harder in the second leg later than in the first match. Galasataray only needs a draw or win with a narrow score, which is enough for them to compete in the Champions League.

Tribalism is very much effective because the politicians monetize it. And that is why they segment each tribe and give them money to vote for them. Politicians are not even interested to unit the people because they will fight against them. So they use divide and rule policy.

Op, na very nice topic you bring up for discussion so but anyhow you wan take see am, we don already get one unified language and that's pidgin but it's just dat we no rebrand am and sell am to di world.

I think it's already late for this to solve the problem of tribalism, maybe if our founding fathers been get sense dem for find way unite us with one language that isn't borrowed and things for fit dey better because e no get person wey no know say how you speak or where you're from can get you flavors that your certificate can't get you. Jobs are been gotten because people are from certain tribe and when you look at our greatest exports which is entertainment we can see some certain tribe getting more privilege then others all because they're from the same region.

Now imagine if we all had one language and identify as one instead of been divided whenever we get the opportunity.

Consistent is a word that seems easy to do, but in practice it is sometimes very difficult, especially when we don't have an organized plan. To be honest, I want to be more flexible in this regard, it doesn't mean I'm inconsistent, but in reality I sometimes have to divert the money that I intended to do DCA for more urgent needs.
For the nominal problem, I believe we have different abilities, and in the midst of that difference I still work hard to always make purchases.
Oh yes, we also have to distinguish between working hard to achieve something and forcing ourselves to achieve something. There are times when we have to think about that, because it is not uncommon for people to think they are working hard, when in fact, they are pushing themselves.

you know Nigeria has 250 languages and out of these languages, three called themselves majority because political reason but in reality they are not...

Now who will give up her language to accept the other is the NATIONAL QUESTION IN NIGERIA.

In Nigeria the citizens have two Nationality, everyone in Nigeria first loyal to their ethnic groups before the NATION, and if any country does that , it will be very difficult to build a NATION STATE. and it is only a NATION STATE one language can be built and not in a country that has multiple languages. Nigeria in question is under seize by her colonial masters through the language barrier.

That is CAPITAL NO and only solution to Nigeria problem is GOOD GOVERNANCE with effective Federal Character. Then the differences can be maintained in some ways. And the leaders know what to do but the problem is the Fulanis not even the Hausa.

Tribalism is not real in real life but it is a political motivation to lure ethnic groups who are ignorant of the system.

I doubt that I am even imagining that there seems to be a decently long tradition in these here parts of denigrating the size of the stashes of other forum members - in order to attempt to belittle their point(s), and it is not even anything personal.. .just a kind of rhetorical device, not that we even need to get into any of the stash size details, even though sometimes some members do want to put the numbers into a kind of context, and surely if we sometimes might be hypothesizing, we might want to attempt to keep our hypothesis in a kind of range that might seem reasonable for the type of person that we might be attempting to describe.

so even sometimes the extent of the disposable income can make some differences in terms of how much cash builds up on the side.. and sometimes we might even speculate that guys are working with higher stash levels if they proclaim that they have buy orders down every $500 from $25,500 to $13k, so there might be some speculation that those buy orders have to be at least $20 each.. or maybe several hundred each, so it sometimes can be difficult to determine.

but we can see how someone who had been putting $10 per week into bitcoin over the past 9 years (about 4 BTC with $4,700 invested) is likely way better off than a lot of his/her peers, and many currently dollar rich, no coiners, will have a lot of difficulties accumulating that quantity of bitcoin - and maybe will never be able to accumulate as many bitcoin as that persistent BTC accumulator.

For those of us who trade the trend of the market, Bitcoin has been so frustrating since the 23rd of June when it hit another year's ATH before the subsequent ones. That was the last time a viable bullish movement occurred, and it's almost a month now, but it continues to channel with no clear direction as many economic data, news and event updates affect it differently.

On a closer look at the market today, this might continue, but two important levels could change the narrative in support of either the buyers or the sellers. These two lines are the $31450 (the year's ATH established in June) and the $29400 (where the correction of June's bullish run ended). By principle, both levels have constituted strong barriers that need to be broken before a trend could be established.

However, more attention is on the $31450 as buyers seem to be gaining more traction compared to the lower level of $29400 which has not been threatened since the last day in June. Regardless, more sellers seem to be piling up around $31450, which could only explain why the market has not had a single close above the level in the last 24 days despite all the attempts of the buyers and some positive news.

For this, I believe a daily close above the level ($31450) will activate a strong bullish trend, while a break and daily close below $29400 might pressure the market.

1: disclosure of your wallet balance and transfer of wallet private recovery keys to the next of kin.

2: giving the one that wants to inherit the assets the basic knowledge of cryptocurrency and how to secure their assets guiding their self against any possible attack by maintaining high privacy.

Nigeria has a unified language which is English. Tribalism and language are different. Without a unified language, there would be nothing called Nigeria.

Tribalism is not the cause of corruption, embezzlement and mismanagement that plunged Nigeria into an unstable economy, poor standard of living and living below poverty line.