Your observation is valid that Bitcoin can potentially replace Gold as a store of value gradually in the long run.. However, it is important to note that Gold has been considered as an important asset and hedge against fiat currencies since the dawn of human civilization. Furthermore, a significant potion of world population is unfamiliar with Bitcoin, but they know the value of Gold. In this context, it will take long time before Bitcoin can effectively replace Gold. Therefore, it is a good suggestion to incorporate Gold in our investment portfolio to certain extent, thereby achieving diversification benefits.

Yep.. there are likely going to be ongoing battles on these grounds, but bitcoin remains superior in terms of the power of being able to possess and verify it relatively easy, and likely people are going to continuously have to learn lessons about holding their actual keys and avoiding getting rug pulled by people who either do not hold the bitcoin that they claim or that they are not being honest in terms of ability to access such coins (and in which circumstances, which is still likely going to continue to enforce ideas about the values in regards to who hold the keys and whether the key holders are actually honest players when they are supposed to be holding those keys on behalf of others.. and it seems that one the the best ways to test those who possess the keys, is to demand possession of the coins).

Yes, $300 is a quite challenging amount for many people especially for the ones who belong to low wage areas. I consider myself among those people for whom $300 is quite a huge sum of money and for that much money I can work a whole month for someone. Some people always try to find many opportunities to earn money the right way and for them such amount really matters a lot my friend.

It seems to me that bitcoin is going to continue to eat gold's lunch, just as it has done in the past 10 years or more, so on an individual level you likely need to figure out how much to waste your time, energy and value to place it into gold... but whatever, each of us need to decide for ourselves the extent to which we might end up diluting our bitcoin investment into things like gold... I would suggest don't waste your time and money to invest any more than 10% of the value of your bitcoin investment into gold, but hey, you can do what you like.

#Bitcoin LTF Update. Cross Confirmed. LFG!
Source.

$35k sure 

Enjoy @nutildah.

During the last cycle, in one of my posts from my investment thread, I had placed odds of 0.5%-ish for supra $1.5 million per bitcoin happening by the end of 2023.. or there are various ways to read that.. with probably even lesser odds, because there is a placement of odds upon the substantive prices and there is a placement of odds regarding how long it might take for whichever scenario to play out.

So I figure that the odds are not any worse for this upcoming cycle, and we likely need to move the numbers up higher.

There are a lot of ways to consider upward price potentialities of bitcoin, including considering that:
1) bitcoin is likely 1,000x better than gold, but it is ONLY about 1/20th gold's price. .. it could take 100 or 200 for bitcoin to reach fair market value in regards to gold (so at current inflationary considerations that would be $50 million bitcoin)

2)  in the future, the total investable (addressable) market is likely to be more than $1 quadrillion (in today's dollars), and how much value is bitcoin going to take from that?   That would also be $50 million per bitcoin if it takes all of that.. but yeah, maybe you believe that bitcoin ONLY can take a fraction or that... and for sure, it would take many years (perhaps 100 or more) for bitcoin to come close to capturing most of that $1 Quadrillion, if it is even able to do it..

You do not have to completely subscribe to these kinds of ideas in order to consider the possible ongoing upward price pressures on BTC that might not exactly cause explosive growth in short time periods (such as within a cycle), yet you can also consider that it could take several cycles to start to feel that those kinds of numbers are starting to seem to be more reachable.

HydroCIS is Nigeria and West Africa’s First Energy Information Platform. So they are more reliable to give information about converting from petrol generator to gas generator. We have a thread about a warning last week, but which we are not satisfied with because it gives just simple information that there should not be a leakage but which we all that are using gas (in the Kitchen) all know about. Nigerians have even prefer to use gas to cook in the kitchen.

If you have a LinkedIn account, you can see the information HydroCIS shared which are about petrol to gas generator conversion.

You can check this site to see the information also: https://nairametrics.com/2023/08/07/hydrocis-shares-what-nigerians-should-know-about-lpg-powered-generators/


HydroCIS also talked about the benefits like cost effectiveness and easy maintenance and the steps to take after deciding to convert to LPG.

Read more nairametrics or the infographics on LinkedIn. You will like the infographics.

Miss Orire Agbaje nah the 400l Economics student of Ibadan wey don gain employment under Tinubu regime as member of the Presidential Committee on Fiscal Policy and Tax Reforms and some people go dey wonder why she dey so special to gain such a favor. Here nah few reasons;

1- She get a strong interest in tax policy
2- President of the Nigerian Universities Tax Club Association of Accounting Technicians
3- One of the Nigerians selected for Nigeria Higher Education Foundation
4- She get passion for crunching numbers and that's the reason for studying Accounting/ Taxation.

This na welcome development becos we presido don at least recognize the youths and she dey passionate about using her skills to making a difference using this Tax Reforms as a platform. Una feel say dis na over ambition for her side? Considering as nah just member and not chairman wey she be?

how tax reform take come about

The Mandate

Them get the mandate to address the challenges faced by Nigerians in the areas of fiscal governance, tax reforms and growth facilitation.

How una see dis appointment? Godfatherism get hand or she just get the right qualifications for the job?

https://www.vanguardngr.com/2023/08/tinubu-appoints-400-level-ui-student-agbaje-as-member-of-tax-reforms-committee/

On Binance, Nigerians are trading naira/crypto (CexP2P ) within themselves, not with foreign countries. I do not see how this would put pressure on naira. Assuming we trade with foreign people, this can decrease the foreign reserves. But as we trade within ourselves, I do not know how this will decrease the foreign reserves and put pressure on naira.

I see only SEC to be correct, but I do not know why they are focusing just only on Binance. There are many other exchanges that you can trade naira/crypto (CexP2P), not only on Binance exchange.

Yesterday, in another thread, I made a post about 4 hypothetical HODLers, and my suggestion in that post is that it is problematic for the hypothetical holders to be selling too much of their BTC too soon, and out of the 4 that I described, it seems to me that ONLY the 1st one was really in a position to be possibly selling some of his/her BTC stash, and sure of course, each person has to decide for himself/herself in regards to the extent that they believe selling BTC is a good idea for them, even if the BTC price may well end up surging in the short term, how are they going to know that they did not sell too much BTC too soon and screw up their own BTC accumulation strategies because there might be erroneous ideas that the BTC price is going to correct back down and it might not correct back down.

I am still trying accumulate $20 Bitcoin in daily day trough price under $30,000, my planning until Bitcoin raise to $50,000 stop accumulate and take profit since one years spent few percent of my salary spending to invest in Bitcoin. In my environment have tradition with saving money called lottery club or "arisan" and each time of duration have more than 20 until 30 member, each member will get their fund in next ten days later which spending from 10$ until $20 in daily day and take more than one or two years duration for every one getting their saving fund. But I change my mindset than holding with fiat get potential inflation in the future, I try with accumulate Bitcoin and not stopping yet until bitcoin one day later back up above $50,000.

Its bitcoin still on the dip and as much possible accumulate and keep holding until one time selling our Bitcoin assets in the higher price,

Regarding your plan to take profits at $50k, that surely seems short-sighted to me, and sure people can do whatever they like, even if they are likely selling too many BTC too soon, failing to understand and appreciate the value of having had spent a decent amount of time accumulating BTC, likely putting too much value in terms of the fiat price appreciation, and failing to consider a longer term investment time horizon that may well be 4-10 years or more into the future... and even 4 years is a pretty short period of time, but could be acceptable for some more elderly people or people who might otherwise be in phases in their lives in which they might not be able to accumulate and they are either in maintenance or liquidation stages of their lives.

How do you know do you have a list of predictions, there are no exact predictions and predictions varied for every investor and traders.

It's too early to tell about the price we are just halfway through the year, and so many things are going to happen all I know is I'm very positive about the outlook this year, 2022 is a very hard year for us and 2023 a year before the halving is a good time to accumulate, the next halving will probably very different now because we have massive adoption and we will have a deduction of the output, the demand will be greater than the supply.

$35k in 5 days confirmed

For many people, sports betting may be a deadly addiction because it is a simple method to generate money with no physical work. It is frequently perceived as a technique to make quick and easy money, but this is not always the case. Many people find it difficult to give up sports betting because of the possibility of significant gains and the sense of being in control of their own fate.The reality, however, is that once you become addicted, quitting can be extremely tough. People may wind up spending more money than they can afford to chase their losses or becoming addicted to the adrenaline rush that comes with winning.

Few betting sites, they offer a Responsible Gambling option in which you can freeze your account.for both Definite and indefinite period. But many sites wont provide you with that option. your account for both a fixed and an infinite term.

Your quotes are fucked up.. but I fixed them within my post.... and largely it was because you seemed to have had copied and pasted an extra

$24k seems like a pretty high price point to be proclaiming that the BTC price will "never" go below.

I prefer to attempt to think of these matters in a kind of graduated way, yet we should attempt to lock in the timeframe too.  If we are talking about never or if we might be talking about this cycle so maybe in the next 3-6 months?  Or maybe we could pick "prior to the halvening" or some other timeframe that we might want to consider as a possible relevant talking point. 

So then once we pick the time, and let me just presume that you meant prior to the halvening (rather than ever), so if we might say that going below the 200-week moving average might be 50/50 chances, or maybe even greater than 50/50 chances.  We are not very far away from the 200-week moving average (currently at $27,218), even though it continues to move up at nearly $16 per day... so then $24k is really not very far from the 200 week moving average either, but maybe the odds might get as low as 20% to 30%, but surely not as low as zero.. but if we might want to be ballsy about it, maybe we could proclaim going below $24k is less than 10%, yet I will still consider you as an exaggerator (or overly confident) if you are placing those kinds of odds on that price, even if you might really believe it, even if you are not sharing your beliefs with others, and even if you might end up being correct, it still does not seem that you are being realistic when you try to make such strict assignments of probabilities.

Well I have largely been attempting to set these kinds of ongoing BTC buy orders (even extremes), since the beginning of my bitcoining.. so even when I started to buy in late 2013, I was trying to buy dips, even when I was the earliest days of my DCA'ing practices too. 

I did not really sell any BTC without immediately replacing until about August or so of 2015, and at that time, I started a practice in which I created formulas for myself for amounts of BTC that I could sell on the way up .... and so it was ONLY small factions of what my profits would have had been, so if I had 10 BTC and the BTC price went up $10, then my profits would be $100, and so the most that I could sell from those profits would be 50%, but most commonly I would only allow myself to sell less than 25% of the profits amounts (at most)... So as the cash would pile up, then that money would just be set up in order to buy BTC back on dips, and if the BTC price did not dip, then the money would either be spent or just placed into a kind of long-term reserve fund that might still be dedicated to BTC buys without specifically having any exact earmarks as to when it might be used.

In my earliest days of attempting to prepare myself financially and psychologically for either BTC price direction (and especially BTC price dips), I frequently made mistakes that revolved around running out of money to buy BTC way too soon because the BTC price would frequently dip further or for longer than anticipated, so I frequently would get close to running out of money, even if I never really did technically run out of money, but practically the way that I would have to begin to reduce my BTC buy orders, then I would still consider that whatever errors that I had made were still within a kind of category of running out of money.

I feel that in the past 7-8 years, I have gotten quite a bit better at not buying back too much BTC too soon, but I have not completely removed myself from such issue, and even in during the BTC price run up in 2021, I had slowly retracted a lot of the cash that I had reserved for BTC buy backs going down to $9k or so, and by the time we got into about May 2022, my BTC buy orders ONLY went down to the 200-week moving average which was then right below $22k - however, in mid May 2022, when the BTC prices suddenly dropped from upper $30ks to upper $20ks, I had myself a bit of an "oh fuck!" moment.  I pretty much had to resize and rearrange several of my buy orders so they would go down to below $20k, and even though I still hoped that the BTC price would not go below $20k, I made those preparations, and when the BTC prices kept dropping, I had to continue to rearrange and ultimately I had to add more value from outside funds in order to create buy orders going down to nearly $10k. and currently the lowest of the remaining ones are sitting around $13k.. but of course, if we ended up experiencing BTC prices in the lower $20ks or even sub $20ks, I may well have to restructure the lowest of my current BTC buy orders....

So, I am bringing up my various experiences between May 2022 and December-ish 2022 in order to describe adjustments that I have had to make that attempt to prepare me for extreme scenarios, even ones that I do not expect to happen and that I don't even want to happen, but I have the money on reserve at those price points in order that I don't have to worry about having capital already allocated to take advantage of extreme scenarios that I still consider to be very low probability events.. that may well even be in a below 5% scenario at present time to go down to $13k in this cycle or even in the next year or so, seems like less than 5% odds.

Actually, the market have a way of putting one into confusion especially with this extended consolidation. Nevertheless, I have always maintained that we are not going to go south down to $24k region; this is my general bias and expectations. Prior to we having this conversation, I was a kind of fixed on this bias and never willing to consider any possibilities of a drop to even $20k or lower.

But later learnt from your above that even though you wish price never get lower, you already made plans for such scenerio... that is the learning I was emphasizing. I have come to understand, from this discussion, that the market need a lot of flexibility instead of being fixated on a bias.

At least we have a common ground which is an upside move for Bitcoin.

If you sweat every $100-200 move in the current btc price, then you are over-invested.

BTW, Lawrence Livermore (as depicted/documented in the linked book) said that if you start thinking that profit in your investment would immediately "pay" for something, then Mr. market tend to punish you (almost immediately).

https://www.amazon.com/Reminiscences-Stock-Operator-Edwin-Lef%C3%A8vre/dp/0471770884

Yes.  Good luck with those down before up expectations, including how low that you are placing your bets.

No BIG deal to have some "down before up" buy orders out there, as long as you are not necessarily feeling any kind of expectation that they are going to fill.

It seems that in the past few weeks, I had posted in another thread and disclosed that I had around 2.5% of my total BTC allocated investment funds that are in cash, and so currently, I have BTC buy orders all the way down to $13k-ish, but I really don't expect anything to fill lower than $24k-ish.. but sure if some of them end up filling lower than $24k, then so be it, but I don't expect it and I don't even want it...

Also, it seems that the odds are becoming greater and greater that we are not even going to get a revisiting of the 200-week moving average, which is currently at $27,203.

Sure, the 200-week moving average has not shown itself to be impenetrable, but it still well me be the case that we are moving back into more normal times.

That's the spirit!!!!

I am glad that you moved away from the earlier doom and gloom in your post, but we know it is good to be prepared for either direction, which surely is a thing that is possible to accomplish.

I been see one post like that for Facebook about the
patients dogs with the way things are in this our country
9ja


upload

 For me ohhhh I think the patient dog don stop to dey eat the fattest bone long time ago because  if the patient dog still dey wait e be like say hungry go kill am ohhhh so e go just use shortcut get wetin him want.

What do you guys think about this proverb do you think people still have this patient or they shortcut to get what they want.