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1381  Bitcoin / Bitcoin Discussion / Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION on: August 24, 2023, 01:28:46 PM
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. 
I am sure you will agree with me that to leave Bitcoin for heirs require them having at least the basic knowledge of Bitcoin... this will make them self-dependent, not asking third party for help when accessing the Bitcoin. Of course you know the risk associated with asking for help from third party as regards Bitcoin.

Furthermore, in the early stages, children have the ability to learn and retain many things. So, it is therefore our duty to teach them the real things of life from our wealth of experience. Let their passion decide which to take seriously.

...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.
The is another wonderful suggestion that is feasible. This is also elaborate in the sense that it makes their education about Bitcoin a prerequisite for receiving their inheritance.  Choosing a reputable organisation that will have the integrity and longevity to manage such trust is another huddle. As of today, I don't know if there is such and organisation in existence as I have not read or seen anywhere where such services is being talked about. More so, don't you think insurance company might come in and considering that there is yet to be a registered insurance company that handles Bitcoin, will that not be another huddle?

1382  Bitcoin / Bitcoin Discussion / Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION on: August 24, 2023, 12:24:10 PM
Well there's the traditional way of having a will but it's understandable that a third-party is involved if you have that since you need a lawyer to legalize transferring everything you own to your heir. If you want it to be more private there's paperwallet, your btc will be safe if you can physically hide the paper well and only your heir will be able to get it. It's a smart and subtle way of hiding your possession well.

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 agree with you that for a case of only one heir, a lawyer is really not necessary but in the case of a person with many heirs, it becomes a little complicated. Those suggesting a will are viewing it from legal perspective which is the formal way of transfer of asset in a situation where there are multiple beneficiaries. There could also be some other traditional way of doing this transfer like customs specified in some part of Africa and Asia... in the advent of death of a father, there is already a motherlity of sharing the assets defined by their customs. However, Bitcoin differs from physical assets and has its uniqueness and sensitive that requires some form of technical know-how.

A lot of great suggestions have actually been made so far and I tend to agree with those that have clear technological feasibility such as multi-signature wallet where the heirs will all be required to sign before access.

Nevertheless, in a case where the multi-signature wallet suggestion is not feasible, I am considering arranging my portfolio in different wallets according to the heirs I want to inherit them. As time goes on and when I guage their level of mental maturity, I could even give them access but with specific instructions never to temper with them until I am no more.  This is because I feel it is better the rightful heirs access the funds than some third parties pulling a fast one on me and my heirs. This is just a possibility and I might still adjust it.
1383  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 24, 2023, 11:45:44 AM
Planning is the first stage of anything that is associated with consistency. It is following the plan that is called consistency.   DCA is itself a plan and following your DCA is the consistency.
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.
Planning have an ultimate goal which is the target. In the example you gave which is accumulating 1 BTC in 12 months, the target is 1BTC and the process of achieving that is the plan. The process is not cast in stones as there can be unforseen circumstances, such as you mention,  that could make you adjust a little. But as long as the target is achieved, to me the plan worked. You cannot say because something happened along the line and you made some adjustments to counterbalance it, then you are not consistent in following the plan. Even in economis, for every law propounded, there is always the clause: "other things being equal".

Persistence and consistency are also two differing concepts.

You are absolutely correct and that is what Nwada001 seems to be mixing up. By definition, persistence means pushing through when obstacle arises while consistency means building and following a process, that is repetitive in nature, in order to achieve a target.
Putting it together with respect to his example, it is persistence that is needed to sustain the plan even in the midst of challenges. If I want to accumulate 1BTC in a year with my monthly Salary, and I decide to set aside say 50% of it monthly to achieve that, if perhaps along the line I got another cash from other source that is up to the 50% and decided to double the amount of buying for that particular month, we cannot say I did not follow my plan again. In this case, the plan just got a boost. The target is always the goal while the time can vary a bit.
1384  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 24, 2023, 07:44:40 AM
Finish every day and be done with it. You have done what you could. Some blunders and and absurdities no doubt have crept in; forget them as soon as you can.
Tomorrow is a new day; begin it well and serenely and with too high a spirit to be cambered with your old nonsense. This day is all good and fair. It is too dear, with its hopes and invitations,  to waste a moment on yesterday's.
‐--Ralph Waldo Emerson
1385  Economy / Gambling discussion / Re: Major League Soccer (MLS) 2023 on: August 24, 2023, 07:27:08 AM
Messi has done it, however, there is a lot of gossip going on around about Messi and the league, and I kind of agree with some of the arguments. Messi is a world-class player, there is absolutely no doubt about that, but, the quality of football and players isn't really that high in MLS which might have contributed towards the win for Inter Miami FC led by Messi. But, we still got to appreciate Messi for all the goals and skillful plays that he has shown throughout the league.

His skills are unmatchable, so whenever he is on the field, it almost feels like it is all fictional and what he does isn't real. That is probably the reason why he has got such a huge fan following all around the globe that anywhere he goes, he is welcomed with open arms by the audience.
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.
They have dominated football for over a decade now. As it stands now, it is becoming extremely to find someone that will fit into those shoes even as the duo exited European football
1386  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: August 24, 2023, 06:55:43 AM
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.
Galasataray is really in high spirit and that is expected from a Turkish top team that have not done so well internationally in recent years. I see them making impact this season if they maintain their scoring and resilience. 
1387  Local / Nigeria (Naija) / Re: Can a unified language solve Nigeria's problem of tribalism? on: August 24, 2023, 12:44:28 AM
Money in Politics
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.
Omo if you catch one politician ehhh, him go dey collect dey explain ... so tey him go explain tire. You totally put everything for politics...that one dey sha.

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.
You are very correct, pidgin is unique to us and resonates with almost everyone. Like you said, we gat rebrand am and give it more attention. If possible self, after some finishing touches, we can attempt to make if one of the official language. Thank you for remind me of this...you see why e good to bring some kind topic up....you don make me learn like this o.


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.
After reading the comments of many people here, I realized the matter is deeper than I was thinking, so I agree with you that it is late to follow this part.

Now imagine if we all had one language and identify as one instead of been divided whenever we get the opportunity.
If I dey imagine how we for impact the entire world if to say we fit unite ehh, e dey make me cry. We have everything that is needed to be great... natural resources, good lands, access to see, talented youth and a perfect population... nothing we no get. The most annoying part is that politicians have continued to sustain this tribalism and usurp it to rig and manipulate the system. I just hope that things can change one day. For outside, Nigerians dey relate well... why e come be say for home them no dey everly agree!
1388  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 23, 2023, 07:54:36 PM
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.
Planning is the first stage of anything that is associated with consistency. It is following the plan that is called consistency.   DCA is itself a plan and following your DCA is the consistency. Many people have developed many additions to DCA but I see these as something that can lead to confusion because there are high chances of emotion creeping in when you continue to vary your DCA with so many additions. Ever since I learnt about DCA, I have witnessed a lot of improvement in my approach to building my portfolio. First my emotions are in check, greed level watched and I am no more perturbed by the price since I know that this is a buying season.

I am glad I have transtioned to the state of trading the plan because many people actually make good plans but the implementation is where the problem comes in.
1389  Local / Nigeria (Naija) / Re: Can a unified language solve Nigeria's problem of tribalism? on: August 23, 2023, 02:04:09 PM
Nigeria National Language
Grin 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 finding a national language, it is not expected to adopt any of the languages because that will create problem considering how sensitive Nigeria is. They can coin an entirely new language

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.
Well, this is my suggestion and like I mentioned before, we need more things that can unite us if we still want this country abi una don tire already Cheesy Cheesy Cheesy Cheesy? Even though some of you might want to deny it, we know how powerful language is. Assuming you are Igbo and you know how to speak Hausa, one day just dress like and Igboman and go to market to buy something from Hausa man then speak Hausa to him and see if he will not treat you better without minding that you are wearing Isi-agu.

There is no country without their own problem but check those countries with a national language that is like identity to them, most of them are more patriotic and stable than Nigeria here where everything is competition. From Tanzania to South Africa even Kenya... their tribalism is minimal compared to Nigeria. If we continue the way we are going, the hate will be so much that it may implode.... as it stands now, Nigeria is at the verge...
 

One Language can Settle the Problem?
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.
Nothing can stop the problem overnight but we need to start the process and I am only suggesting that a common language can be a starting point. I can be wrong and if that be case, that means it is difficult knowing what will solve the problem. Those of you saying good governance are really dreaming. There can never be good governance under the current setting where the politicians have bought over the media houses and social media to spread hates. They deploy divide and rule and tribalism is a powerful tool at their disposal.

Tribalism is not real in real life but it is a political motivation to lure ethnic groups who are ignorant of the system.
Tribalism is everywhere in Nigeria and not only in politics. Even in the churches and mosques,  it is there. Most companies employ along tribal lines, there is no point denying it. Someone already said he would employ his brother if he is in position, that is the Nigeria we find ourselves in. Politicians only take advantage of tribalism that is already in existence.
1390  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 23, 2023, 12:49:34 PM
Even though I am saying that I am skeptical, ultimately you are the one who is going to have to make those kinds of planning and/or execution choices and figure out if you actually ended up "backing up the truck" or whatever it was that you were planning to do in order to acquire .00324864 additional BTC.   Cheesy Cheesy Cheesy Cheesy
I didn't know when I busted into laughter seeing that you have already allocated numbers to my additional BTC portfolio target.  Perhaps I have laid so much emphasis on my "little buys" that made you assume it should around that number  Cheesy Cheesy Cheesy Cheesy

Maybe I am too poor; so you can see why the quest for liberation from poverty lead me to this Bitcoin forum. I will do my best so that in the future I will be rich through Bitcoin.

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.
Well, no hard feelings from my end, it is all fun... in my country we call it "catching cruise". You know "all works without play makes Jack a dull boy". So, a mixture of fun and serious business is a wonderful combination as we navigate through the turbulence of the market.

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.
There is this popular saying that: cut your 'coat according to your size".... this means we should do things base on our level of resources. There is no way everybody can have the same quantity of Bitcoin; some will have huge bag while some we have small bag but what matters is that one should be building. In the words of Martin Lurther King Jr:
    "If you can't fly, then run.
     If you can't run, then walk.
     If you can't walk, then crawl,
     but whatever you do, you have to keep moving."

In all, whatever you do, ensure you are buying and holding Bitcoin.


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.
Wow this is so encouraging! The power of accumulation and long term planning. This is truly motivating, I must admit. It a kind of give me hope and motivation. Even though people will see the results first (which is 4BTC for this case) the process he deployed is a classical case of from humble beginning to affluence. Anyone who have 4BTC is definitely rich by all standard. I am now more motivated to continue in my DCA than ever. Thanks for sharing that, I truly appreciate.





1391  Economy / Speculation / Re: $31450 proves too strong for Buyers, but Sellers may only dominate below $29400 on: August 23, 2023, 11:41:06 AM


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.

I made similar projection in this thread where I gave two case scenarios of my expectations for Bitcoin. So far, the first scenario that suggested a downward move to the $26k region seem to be playing out. The zone is actually critical and expected to hold price for more upward moves. However, if that zone is eaten by the bears, then there is a high chances that prize will reach the $22k-$20k region. This will be a lot depressing to a lot of people but not the true believers because Bitcoin will always bounce back stronger and better.

In my submission, I actually stated that Bitcoin will rise to create new highs just like every other person is saying. The time it will rise and to what extent it will go deeper before rising is what no one know with certainty. The wise thing to do at this point is to try and hold reasonable amount of Bitcoin while preparing for the rise.

Being in this forum already mean you believe in Bitcoin and it will not be logical to be here and miss out on securing your future through Bitcoin because Bitcoin is indeed the future.
1392  Bitcoin / Bitcoin Discussion / Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION on: August 23, 2023, 09:21:31 AM
1: disclosure of your wallet balance and transfer of wallet private recovery keys to the next of kin.
I don't completely agree with you on this as I feel this might create some psychological problems for the heir. For instance, if you have let's say 100BTC and you reveal this to your heir that is a teenager, there is a possibility that you will damage his psychology. Don't forget that there is amount of money a teenager will be exposed to and his character might changed drastically... some might become lazy, proud, arrogant and there are some that might start habits such as drugs and others.
This is the reason some wealthy men only make their children comfortable without exposing them to so much wealth until they are psychologically fortified to handle large amount of money mostly through will or other means of transfer. 

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.
Quote
This is absolutely necessary because if you must transfer Bitcoin to heirs, they must have the required knowledge to handle same. It is even wise we teach our children Bitcoin irrespective of if we are ready to hand over to them or not... this way they can also start building even from an early stage. Personally, Bitcoin is surely one of the things I will prioritize for my children... even as they build their professional careers and venture into different different field of life. I have always been an advocate of each one start from your family and friends in sharing the knowledge of Bitcoin and the technology behind it. If all of us in this forum start from our immediate families, imagine how many Bitcoin lovers and users we can nurture within a short time.


I get the sense that the more that I read through these kinds of topics, the more concerned that I get...
I truly understand the angle you are coming from as it was same for me. However, the essence of seeking diverse opinion from people is to be able to view the entire thing from different perspectives and select the most suitable concept. No doubt many wonderful suggestions have been reeled out already; one can add some refining too depending on what gives us peace of mind to implement.

1393  Local / Nigeria (Naija) / Re: Can a unified language solve Nigeria's problem of tribalism? on: August 22, 2023, 11:07:28 PM
Nigeria has a unified language which is English. Tribalism and language are different. Without a unified language, there would be nothing called Nigeria.
English was foisted on us by Britain through colonisation and it will remain their identity over us so long as we use it. English is never our language and can never be our identity. The people of Mali are already looking for a way to abandon French that was also foisted on them by France through colonisation.

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.
Tribalism is used to select bad leaders that looth and destroy the country and if you try to demand accountability from them... they still resort to tribalism. Tribalism is the reason it is hard for Nigerians to speak with one voice as any major event is viewed through the prism of tribalism. Good example is Endsars that was seen as a plot by the South to destroy Buhari's government.  Even though we might think tribalism is not the reason Nigeria is not doing too well, it is one of our core problems. Go to NNPC, DPR and various government agencies and see people recruited based on tribe irrespective of whether they are competent or not... this is how to steal and cover corruption.
1394  Local / Nigeria (Naija) / Can a unified language solve Nigeria's problem of tribalism? on: August 22, 2023, 10:15:24 PM
It is no longer news that tribalism is a thorn in our flesh as a nation. It's divestating effect can be felt in virtually all sector of our economy... from choice of leadership, recruitment  process, public service to condoning evil done by our tribesmen; these are few of the ways tribalism have rendered us unprogressive.

When I was meditating on what could possibly be the solution to the menace of this monster, the first thing that came to my mind was A UNIFIED LANGUAGE. Language is one of the strongest unifier known to man. It dated back to the Biblical era during the building of the tower of Babel. God stopped that project by simply making them speak different languages so there was no unity and coordination... this will tell you how powerful language is.

 Various socio-cultural, socio-political, religious and peer groups have their style of communication that make them bond together. Even the military and paramilitary are not left behind, they revere their style of speaking as it create that feeling of brotherhood. Remember how good it feels when someone speaks your language... even among your guys them, there is this joy when you relate and vibe on code. That is how beautiful language can be.

So, if Nigeria explore this option of finding a unified language? Couldn't this be the solution to the ugly monster of tribalism? Well, even though it will not solve the problems overnight, I feel it will start the pathway to our unity as it will enable us have something in common as a people because our diversity is really not working to our advantage. We need more things that can unite us and a common language is surely one.  But how do we achieve this seeing that we have hundreds of languages and tribes?

Actually, ut might seem difficult, but it is possible because when there is a will, there is a way. First step will be to develop the language first and set up a commission for it. Thereafter, it can be integrated into our academic curriculum and made compulsory in all levels of education. Secondly, government programs and meetings can immediately be in that language and the religious bodies could also be engaged to champion this. Since it could be like a national emergency, all hands must be on deck. This is my thinking and opinion... what do you think?
1395  Other / Beginners & Help / Re: YOU ARE LUCKY TO BE IN THIS FORUM on: August 22, 2023, 01:21:38 PM
I feel so happy and motivated seeing a lot of positive testimonies from members of this forum. It shows I am in the right place for any information one could possibly ask for about Bitcoin.
I will not fail to appreciate a lot of people here such as @JayJuanGee,  @Ratimov, @LoyceV, @Fillippone and others that I have learnt a lot from. Their contribution and interactions within the forum have helped shape my mindset and understand of Bitcoin, including how to store it safely.

Indeed, I am among those that consider myself lucky to be in this forum.
1396  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 22, 2023, 11:45:18 AM
They said Bitcoin will "never recover".



Look at the red dots in that chart. After the recent "mini-crash", expect another few months of "it is dead"/doom and gloom towards Bitcoin from respected economists, the morons from legacy finance, and mere FUDsters. There are many of them, and ALL of them were always proven WRONG AGAIN AND AGAIN. Just HODL!
What if these guys do this to intentionally drop the price in order to buy low and sell high? We tend to look this guys only from one perspective but the truth is that, to them it is all about a game of profits. They don't attach emotions and are never loyal to anything. It might seem that they were proven wrong time and time again but they might actually be balancing their books in the whole thing.

If you pay close attention, you will noticed that Elon Musk seems to have deployed that method to cash out. Don't be surprise if he comes back again and accumulate Bitcoin citing one uncoherent reason for coming back... but then, he would have bought very low to sell high fee years from now. This guys are playing money game...
1397  Bitcoin / Bitcoin Discussion / Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION on: August 22, 2023, 11:30:06 AM
Quote
Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION
TBH, I don't know how investors who doesn't have any people to trust their assets with when they die will give their Bitcoin, and other assets to their heirs. I guess I'm lucky that I know a person whom I can trust my assets with if the worst thing happens, and I die.
Transferring assets to heirs is not entirely about trust issues. It so happens that life is unpredictable and one cannot really say when the time is up to leave this word. The reason people device means of transferring assets is to ensure the right people have access to the assets when they are gone.

You might not hand over your assets when you are alive and active unless it is a partial handover and not complete handover. I know some people do this but the chances of handing over everything including your passwords  and secret phrases to your heirs, when you are still alive, is very slim hence, the need to work out motherlities this can be done efficiently.
1398  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 22, 2023, 11:11:58 AM

It seems to me that relatively pure DCA practices would account for either cases in which:

1) you have some set dollar amount that you buy BTC at some set period whether daily, weekly or some other period

or

2) you buy based on when your money comes available, so the date and the amount would vary, but perhaps you would have a formula that allows you to figure out how much extra that you have available (accounting for monthly expenses to determine how much is left available, of course).

Surely the more that you vary either 1 or 2, then you are perhaps overly bringing your own discretion into the mix, and it still may well fit DCA depending on the extent to which you may well have some kind of a system in which you are trying to stay consistent but giving yourself some flexibility within some somewhat objective criteria.

I never actually thought that DCA covered the two scenarios you explained,  I was just fixated on case 1.  Obviously,  DCA is very flexible and it is good to know that one can apply both at once, the essence of which is to optimise the investment process.

Even though I am saying that I am skeptical, ultimately you are the one who is going to have to make those kinds of planning and/or execution choices and figure out if you actually ended up "backing up the truck" or whatever it was that you were planning to do in order to acquire .00324864 additional BTC.   Cheesy Cheesy Cheesy Cheesy
I didn't know when I busted into laughter seeing that you have already allocated numbers to my additional BTC portfolio target.  Perhaps I have laid so much emphasis on my "little buys" that made you assume it should around that number  Cheesy Cheesy Cheesy Cheesy

Maybe I am too poor; so you can see why the quest for liberation from poverty lead me to this Bitcoin forum. I will do my best so that in the future I will be rich through Bitcoin.
1399  Economy / Speculation / Re: Buy the DIP, and HODL! on: August 21, 2023, 04:39:57 PM
I'm not a hypocrite when it comes to experiencing new technology, to be honest, the benefits still hold for people who enter Bitcoin, regardless of the new technology, it's a plus point to be felt by everyone. But when there is no profit to be gained, it does not mean that interest in it has increased. The important point of what we are targeting is long-term profit. Old age and youth are only a limit if we are able to place it according to the level of understanding.
After our conversation that very day, I sat down to reflect and flashback to my university days. I remember that some key computer related courses were taught be advanced men. Their wisdom and passion for impact was amazing and they taught algorithmic approach to modeling Engineering systems effortlessly.  I feel it will be a little incorrect to assume that appreciating and understanding Bitcoin and the underlying technology have anything to do with age. It is rather a matter of passion.

So I agree with you completely that the assumption of age limitation is not entirely correct. We can spread the knowledge of Bitcoin to the elderly who are even more attentive to learn than some young guys facing various forms of youthful distractions already.
1400  Economy / Speculation / Re: How passionate are you buying Bitcoin now? on: August 21, 2023, 02:01:01 PM
The economy is not doing well - so I can't expect everyone to keep up their enthusiasm for investing in bitcoin. Even if some of the users here say they bought it - but I believe they are more likely to be lying to themselves.

Some also buy - but only if they have an income higher than their monthly living expenses. A person who is able to save $100/month monthly income cannot be expected to invest it in bitcoins. They need to adjust their monthly needs and expenses - so of course they will avoid investing more. I'm just not denying that some people here are lying - but that's up to them.
A lot of people I know including myself actually bought Bitcoin this period and I am still buying. There is no point pretending to be doing something you are not doing. I agree with you that a lot of people are not doing well financially this period but there are still those who  also just met their major breakthrough this period.
As far as accumulating Bitcoin, irrespective of the global economic situation, there are still some people that will ensure they don't miss out on any opportunity to buy low.
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